India said it has lifted, with immediate effect, the wheat export ban in place since May 2022 to help improve farmers’ earnings. The government said domestic prices are currently low and the country has adequate stocks, including nearly 49 million tonnes of buffer wheat held by the Food Corporation of India. India harvested a record 120.65 million tonnes of wheat in the 2025–26 crop year, while a licence-based system had previously allowed exports of 60 lakh tonnes, of which 2.5 lakh tonnes have been shipped.

India is considering scrapping the 100% import duty on sugar as domestic prices surge and supplies tighten. Wholesale prices in Kolhapur, Maharashtra have climbed nearly 20% since the start of August to a record Rs 5,350 per 100 kg. A growing share of sugarcane is being diverted to ethanol production under the E20 drive, squeezing sugar availability. The plan to remove the duty was reported by Reuters on Tuesday.

S&P Global forecasts global copper demand will rise from about 28 million tonnes in 2025 to 42 million tonnes by 2040, an increase of nearly 50%. In India, copper demand in FY25 grew 9.3% year on year to 1.878 million tonnes. Demand from greener uses such as solar power and electric vehicles rose 32%, though it accounted for just 4.6% of total consumption. Building and construction, industrial applications and infrastructure remained the largest sources of demand.

India-based SaaS fintech Zaggle Prepaid Ocean Services posted FY27 first-quarter results for the period ended June 30, 2026, with consolidated net profit down 32.9% year on year to Rs 17.53 crore and down 56.8% sequentially. Revenue from operations rose 27.5% from a year earlier but fell 31.5% from the prior quarter. The adjusted EBITDA margin narrowed to 8.2% from 10.1%. The stock slid 20% on Monday on the BSE, hitting the lower circuit.

Meesho saw a block deal worth about Rs 1,949 crore, with 10.48 crore shares—around 2.27% of its outstanding equity—changing hands. The trade came the day after the company reported June-quarter earnings and after CNBCTV18, citing sources, said Peak XV Partners and Elevation Capital were exploring the sale of a combined 2.3% stake via block deals. Buyers and sellers were not disclosed, while the stock rose 0.96% to Rs 193.40.

Two India IPOs are heading into their final day of bidding on Monday, with MV Electrosystems seeing strong demand while Juniper Green Energy remains under-subscribed. MV Electrosystems’ Rs 290 crore offer was nearly covered by institutional investors and drew heavy retail interest, whereas Juniper Green’s Rs 1,800 crore issue has yet to be fully subscribed. Analysts flagged customer concentration risk at Juniper Green, where the top two customers contribute 86.06% of FY26 revenue.

Alphabet reported its first-ever negative free cash flow quarter at -$5.9 billion and raised its 2026 capital expenditure guidance by $15 billion to $195 billion–$205 billion, citing AI infrastructure demand that continues to outpace capacity. Despite revenue beating expectations, investors focused on the cash impact of accelerating AI investment, sending GOOGL down 10% in after-hours trading. The earnings signal also weighed on Meta and Microsoft, as markets reassessed whether the AI capex race is translating into sustainable cash generation.

Bank of Baroda said net profit for the June 2024 quarter fell 72% year on year to Rs 1,278 crore, weighed by a one-time $600 million charge tied to the NMC Health litigation. Net interest margin slipped to 2.77% and core fee income declined 22%, prompting multiple brokerages to cut earnings forecasts and target prices. The bank is also probing claims of a potential leak of nearly 1TB of customer data, adding to concerns over reputational and regulatory risk. Shares fell 2% on the day as investors focused on earnings quality and these overhangs.

Alphabet CEO Sundar Pichai said Gemini 3.5 Pro was delayed after missing internal targets in coding and agentic tasks, but argued Gemini 4 will be a major step up. Alphabet reported Google Cloud revenue rose 82% year on year to $24.8 billion and said cloud backlog reached $514 billion. The company posted total revenue of $119.8 billion and profit of $112.1 billion, while shares fell more than 3% in after-hours trading despite Gemini reaching 950 million monthly active users.