MV Electrosystems, a Haryana-based maker of railway electrical and power electronics equipment, will open its mainboard initial public offering on July 30 with a fresh issue of up to Rs 290 crore. The company plans to use the proceeds for long-term working capital, research and development, and general corporate purposes. For the fiscal year ended March 2026, revenue fell 21% to Rs 49.4 crore and the company reported a net loss of Rs 12.6 crore.

Missile exchanges between the U.S. and Iran intensified this week, slowing shipping through the Strait of Hormuz and stoking fears of oil supply disruptions. Attacks on vessels in the Red Sea by Yemen’s Houthi rebels added to concerns over broader risks to key shipping routes. Brent crude briefly moved above $100 a barrel before settling at $96.78, while WTI closed at $89.31. The conflict has heightened worries about disruptions along major global supply corridors, acting as a bullish catalyst for international oil futures.

Virtu Financial (VIRT) reported second-quarter revenue of US$1,190 million and net income of US$285 million, with EPS of US$1.63, and said the results met and reinforced its earnings guidance in July 2026. Artisan Partners subsequently increased Virtu’s weighting in its portfolio based on the update. The company also secured an EU MiCA license during the same period, expanding its digital-asset trading business in Europe.

ITA Airways said it is canceling all flights to and from Israel through Monday, July 27, citing “operational reasons” amid escalating tensions between Iran and Israel and heightened regional security risks. The Italian national carrier is the first airline to announce such cancellations following the latest Iran-related escalation. The airline has not said whether flights will resume on Tuesday, July 28, or whether the decision is tied to airspace limits, crew planning, or an internal risk assessment.

A stock-market strategy known as the “Trump Trade” has soured, with Ned Davis Research’s Trump Trade Index down about 16% since May. The firm attributed the slide largely to the U.S. conflict with Iran, which it said has lifted energy prices, inflation expectations, interest rates and the U.S. dollar, weighing on manufacturing and housing. The latest uncertainty also includes new tariff moves, including 50% duties on a range of Canadian products and planned targeted actions under Section 338 of the Tariff Act of 1930.

New data show the amount of XRP held in custody on centralized exchanges has fallen noticeably compared with several months ago. The shift indicates on-chain funds are moving off exchanges into on-chain wallets or cold storage, reflecting a verifiable redistribution of on-chain liquidity. For XRP, lower exchange supply is a market microstructure signal tied to price elasticity and is closely related to sentiment, market-making depth, and short-term buy-and-sell pressure. The update does not cite any regulatory action, protocol upgrade, or ecosystem development, and focuses solely on changes in on-chain asset distribution.

BNB Chain said it will charge zero fees on transactions using USDC, USD1 and U through July 31, 2026. The waiver applies to stablecoin-related activity on BNB Chain and is designed to lower user costs and encourage on-chain activity. The program is a limited-time incentive that runs until July 31, 2026.

S&P Global upgraded Pakistan’s sovereign credit rating from B- to B, its first such move since 2016, citing stronger external buffers and improved fiscal metrics. Foreign exchange reserves rose to $25.3 billion from $6.7 billion in December 2022, while the fiscal deficit narrowed to 4% from nearly 8% in FY2022-23. The agency also pointed to IMF-backed reforms and greater institutional stability, but warned that debt-servicing costs, security risks and regional tensions remain constraints, according to S&P Global.