HDFC Bank said it has appointed former ICICI managing director and CEO Anup Bagchi as its next chief executive, succeeding Sashidhar Jagdishan when his term ends on Oct. 26, 2026. Jagdishan’s tenure included the bank’s 2023 merger with its parent and other controversies, including fines on senior executives and a U.S. securities class action lawsuit. Bagchi takes over with the stock down 27% from its end-of-last-year high and net interest margins easing to 3.34% in March 2026 from 4.1% in 2023.

Leaked IPO documents show Anthropic’s revenue surged to nearly $4.6 billion in 2025, while losses expanded 425% to $42 billion. More than $7.33 billion of operating expenses went to compute and infrastructure. The filing also lists roughly $518 billion in future cloud, computing and infrastructure commitments. The figures have intensified investor doubts about the company’s path to profitability.

Indian benchmarks Sensex and Nifty rose after NBFC Bajaj Finance reported a 28% year-on-year increase in FY27 Q1 net profit to ₹6,081 crore. Foreign institutional investors were net buyers of Indian equities worth ₹3,623.51 crore in a single session. Brent crude fell 0.98% to $88.16 a barrel, easing cost concerns for India as a major energy importer.

India-flagged crude oil tanker Sanmar Herald, which was fired on and forced to turn back on April 18, completed its return transit through the Strait of Hormuz in late June, roughly two months after the incident. Two other India-flagged supertankers also crossed the strait over the same period. The earlier firing was described as part of Iran’s response to a US naval blockade, underlining the security risks to shipping through the waterway. There was no report of an oil spill or a prolonged shutdown of crude flows, but the episode highlighted heightened transport risks tied to oil markets.

Trump’s envoys are rushing to revive U.S.-Iran talks in Switzerland after Iranian negotiators withdrew following Israeli air strikes in Lebanon. The Trump administration helped broker a temporary Israel-Hezbollah ceasefire to clear the way for talks to resume. A deal could lift Western sanctions on Iran and reshape expectations for global oil supply, while easing geopolitical risk could reduce demand for gold as a safe haven.

French shipping group CMA CGM has signed a memorandum of understanding with Cochin Shipyard to build six 1,700-TEU LNG-fuelled container ships, with delivery scheduled for 2029–2031. The deal marks the first time an Indian shipyard has secured an order for large LNG-powered commercial vessels. The order underscores LNG’s growing use as a practical decarbonisation option for deep-sea shipping and improves longer-term visibility for global demand for LNG as a marine fuel.

Shiptracking data show at least four empty LNG carriers owned by Qatar are sailing back toward Middle East waters and signalling Ras Laffan as their next destination, with another chartered ship also heading to the region. The movements follow damage at Ras Laffan after Iran’s missile strikes, which wiped out 17 per cent of Qatar’s LNG capacity. The Strait of Hormuz has shown limited signs of reopening after a US-Iran memorandum of understanding, but continued drone attacks have kept transit risks elevated. Qatar supplies 41.4 per cent of India’s total LNG imports, sharpening expectations that exports could restart.