IndiGo Airlines has appointed former British Airways chief William Walsh as its new CEO, effective August 3, 2026. This strategic move follows the resignation of Pieter Elbers earlier this month. Walsh, currently with IATA, brings extensive global aviation experience and a customer-focused leadership style to guide IndiGo’s next phase of growth and transformation.

Wipro’s shares tumbled as profit dipped and the IT firm projected a subdued outlook, citing cautious client spending. Revenue growth in its core IT services remained sluggish, raising concerns about persistent challenges. Despite a share buyback, weak guidance and margin pressures overshadowed positive deal bookings, leading to a significant year-to-date stock decline.

Gold is experiencing a healthy consolidation after a retail-driven buying spree, particularly in India, China, and the US, according to Jefferies. While demand has cooled, evidenced by a sharp drop in Indian gold imports, the mining sector shows robust fundamentals. Companies are prioritizing shareholder returns over expansion, with strong cash flows expected, suggesting continued sector…

Factory workers’ demands for a wage hike escalated into violent clashes, exposing deep-rooted anger over pay disparities and poor working conditions. The strike paralyzed traffic, stranding thousands and causing significant damage to public and private property. Security forces were deployed to restore normalcy.

Stock market today: Nifty50 and BSE Sensex closed Monday in red, as fresh geopolitical tensions weigh on sentiment, following the collapse of US-Iran peace talks and a sharp rise in oil prices.