The Indian stock market settled flat on Thursday amid a mixed approach as investors remained cautious ahead of the crucial dialogue between US President Donald Trump and his Russian counterpart Vladimir Putin,

Maharatna public sector company Indian Oil Corporation Limited (IOCL) on Thursday posted an 83 per cent year-on-year (YoY) jump in consolidated net profit for the April–June quarter (Q1) of FY26.

Three cloudbursts and flash floods, two landslides and one drowning incident were reported in Himachal Pradesh on Thursday, 

India remains among the best-performing economies in the world, and "we expect growth dynamics to continue in the medium term", with GDP increasing 6.8 per cent annually over the next three years, S&P Global said on Thursday.

Former India all-rounder Yuvraj Singh said he was very proud of his mentee Shubman Gill showcasing a rich vein of form while leading the side to a memorable 2-2 drawn Test series against England.

The Reserve Bank of India’s Monetary Policy Committee (MPC) could consider further policy rate cuts if upcoming GDP data falls short of expectations and the US Federal Reserve begins aggressive easing in response to a weaker labour market, a report said on Thursday.

Amara Raja Energy and Mobility Limited on Thursday reported a 34 per cent drop in its consolidated net profit for the April–June quarter (Q1 FY26), as profit after tax (PAT) stood at Rs 165 crore, compared to Rs 249 crore in the same period previous fiscal (Q1 FY25).

Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global on Thursday upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day.

In a note, S&P Global said the stable outlook reflects continued policy stability and high infrastructure investment, which are set to boost India’s long-term growth.

"That, along with cautious fiscal and monetary policy that moderates the government's elevated debt and interest burden, will underpin the rating over the next 24 months," the rating agency said.

The short-term rating on India has also been revised to A-2 from A-3 earlier, and the transfer and convertibility assessment has been revised to A- from BBB+.

The sales of automobiles in the country posted a "stable performance" in July this year, across all segments including passenger vehicles (cars and utility vehicles), two-wheelers, three-wheelers and quadricycle, to cross a total of 26.98 lakh units during the month, according to a Society of Indian Automobile Manufacturers (SIAM) statement released on Thursday.

The two-wheeler segment grew by 8.7 per cent in July 2025, as compared to July 2024, with sales surpassing 15.67 lakh units. Scooter sales grew by 16.2 per cent to 6,43,169 in July as compared with 5,53,642 units in the corresponding month last year. Similarly, motorcycle sales grew by 4.7 per cent to 8,90,107 units during the month as compared with 8,50,489 units in July 2024.

A massive cloudburst hit J&K’s Kishtwar district on Thursday, with casualties feared, even as officials said a rescue operation has been started in the affected area.

The cloudburst hit Chositi village in the Paddar sub-division of Kishtwar.

While reports claimed 10 people have died in this cloudburst, there was no official word on the casualties.

Union Minister Dr Jitendra Singh said that the cloudburst had hit the Chositi area of the Paddar sub-division, and a rescue operation has already been started.