IJR News

Oil Tops $100 as Middle East Tensions Rise

Brent crude prices near $97–$100 amid West Asia tensions are fueling volatility in Indian markets and raising concerns that sustained higher oil costs will widen India’s current account deficit and lift inflation, given the country’s heavy crude imports. Analysts warn the oil shock could keep rupee pressures, push up the import bill, and weigh growth unless supply and geopolitical risks ease.

India Red Sea

Jul 27, 2026

AI

HCLTech to Build AI Centre in Odisha

India is poised for a wave of data-center expansion that could require 8–10 GW of capacity and about 4,00,000 crore rupees in renewables investment to meet AI-driven demand, highlighting the scale of energy infrastructure needed. Meanwhile, Indian conglomerates are pursuing diversified value creation through strategic bets in space, defense, and sustainable energy, with leadership in Bengaluru’s innovation ecosystem and a multi-year ramp-up planned for bio-CNG and related distribution networks.

Jul 25, 2026

Markets

Sapphire Foods India swings to ₹14 crore profit

Sapphire Foods India swung to profit in the April-June quarter, reporting 140.4 million rupees in net profit as revenue rose to about 8.91 billion rupees, helped by aggressive 99-rupee meal promotions that lifted same-store sales for both KFC and Pizza Hut. The company also posted improved margins and reiterated its ongoing merger discussions with Devyani International, with Q1 FY27 showing a strong bounce back from losses in the prior year.

India KFC

Jul 24, 2026

Football

Indian Village Hosts 64-Village Goat Football Tournament

In Jharkhand’s Tirilbasa village, residents held the Rangila Star Tirilbasa football tournament from July 14-17 with 64 nearby villages, awarding goats as trophies alongside cash prizes. NCS Maudi won the top prize of 15,000 rupees and three male goats, while Kumbaram finished second; organizers emphasized adherence to FIFA rules to maintain fair play.

FIFA World Cup FIFA

Jul 22, 2026

Oil Tops $100 as Middle East Tensions Rise

HCLTech to Build AI Centre in Odisha

Sapphire Foods India swings to ₹14 crore profit

Indian Village Hosts 64-Village Goat Football Tournament

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