Daily Recap

Daily Recap: Business — 12 July 2026

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Porter Gazette
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Business today was defined by how companies and markets are navigating technological disruption, labor pressures and geopolitical risk. Tata Consultancy Services signaled just how central artificial intelligence has become to the IT sector, unveiling plans to deploy up to 8,900 A...

Business today was defined by how companies and markets are navigating technological disruption, labor pressures and geopolitical risk. Tata Consultancy Services signaled just how central artificial intelligence has become to the IT sector, unveiling plans to deploy up to 8,900 AI engineers with clients while also scouting acquisitions in AI, data security and cybersecurity as demand shifts toward faster, leaner delivery. In manufacturing, Ford and Unifor struck a tentative three-year contract covering roughly 5,000 Canadian workers, a deal that could bring stability to key plants even as details await ratification. Meanwhile, energy markets remain on edge as Washington insists the Strait of Hormuz is still open to commercial shipping despite Iran’s claim that the vital chokepoint is closed amid continuing attacks. That uncertainty comes as India ramps up purchases of discounted Russian crude to record levels, underscoring how trade flows keep adapting even under strain.

India wins 5 golds at International Physics Olympiad 2026, shares rank 1
India Today
Traders Grapple With World That’s Good for Dollar, Bad for Bonds
Bloomberg - Markets
Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap
Bloomberg - Markets
Tata Consultancy Services plans up to 8,900 AI deployment engineers, seeks AI acquisitions
Business Line - Home
FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive
Business Line - Home
FPIs reverse 4-month selling trend with ₹15,157 cr inflow in Jul
Business Line - Home

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