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North America
CNBC Finance

Stellantis to sell small Fiat Topolino EV for $13,995 in U.S.

DETROIT — Chrysler parent Stellantis on Tuesday said it has opened ordering for its small Fiat Topolino electric vehicle in the U.S., starting at $13,995. While the Topolino resembles a small car such as the Fiat 500, the EV is actually a quadricycle that functions more like a golf cart. Stellantis said the Topolino is capable of going 19 mph, with an electric range of up to 46 miles. A low-speed vehicle conversion kit can boost the top speed to 25 mph to make it street legal on roads with speed limits of 35 mph or less, according to the trans-Atlantic automaker. A Stellantis spokeswoman said there will be no charge for the conversion kit but confirmed a mandatory destination fee will add $990 to the base price, bringing the customer price to $14,985. The Topolino, which translates to "little mouse" in Italian, is produced in Morocco. The company said it will be available in limited quantities this year as a hardtop model with doors or as the Dolce Vita soft-top convertible model with a rope instead of doors. "Topolino represents a new chapter for the brand in the U.S. — defined not just by size, but by purpose," Fiat brand CEO Olivier François said in a release. "With Topolino, we bring a feeling, a lifestyle, a reminder that mobility can be joyful, expressive and beautifully simple." Stellantis, which also owns American brands such as Jeep and Dodge, late last year confirmed it would bring the vehicle from Italy to the U.S., less than a week after President Donald Trump praised small "Kei" cars from Japan during a meeting at the White House with Stellantis CEO Antonio Filosa and other automotive leaders. "They're very small. They're really cute," Trump said at the December meeting. "And I said, 'How would that do in this country?' And everyone seems to think 'good,' but you're not allowed to build them." It's not illegal to produce such cars in America, but they have to meet American safety standards, speed requirements and other regulations. Small cars such as Fiats have historically not sold well in the U.S. In its first full year in the U.S. in 2012, Fiat sold 43,772 vehicles domestically. Those sales dwindled to roughly 1,300 Fiat vehicles sold last year in the U.S. The Stellantis spokeswoman at that time said Fiat's announcement was unrelated to Trump's comments and that the automaker had been has been gauging customer interest for the Topolino at U.S. events such as auto shows. Get this delivered to your inbox, and more info about our products and services.

Stellantis to sell small Fiat Topolino EV for $13,995 in U.S.
Europe
BBC Business

Pressure builds on Europe's biggest port to be greener

Standing on a grassy verge in the Hook of Holland, I'm overlooking the Port of Rotterdam. At the delta of the Rhine and Meuse in the Netherlands, on land largely reclaimed from the North Sea, it's the biggest port for freight, external in Europe. By some measures, Rotterdam alone handles almost as much cargo as all UK ports combined. The horizon is dominated by cranes, bulk carriers and container stacks – the visible parts of a vast energy and chemicals hub. Five refineries, including Shell's largest in Europe, process hundreds of thousands of barrels of crude oil a day, while a tight cluster of chemical plants feeds factories across the continent. According to research by CE Delft, the fossil fuels flowing through the port are ultimately linked to around 600 megatonnes of CO2 a year – many times more than the CO2 output of the Netherlands' biggest airport, Schiphol. That scale has made Rotterdam a test case for a difficult question: can a port built on fossil fuels ever truly become green? A lawsuit brought by environmental group Advocates for the Future argues that the Port of Rotterdam Authority is not doing enough to phase out fossil-based energy, and wants a concrete plan to wind down the coal, oil and gas flows whose emissions dwarf those of most countries. Rotterdam's own industrial cluster currently emits about 29 million tonnes of CO2 a year – roughly half of the Netherlands' domestic emissions, says Mark van Dijk, head of external relations at the Port of Rotterdam Authority. That's the equivalent of tens of thousands of return flights from Amsterdam to Los Angeles. "It's not good," admits van Dijk. The Port Authority has a plan to cut the emissions of its own activities and encourage businesses on the site to be greener. It has set targets to cut its own direct and purchased energy emissions by 90% between 2019 and 2030.

Pressure builds on Europe's biggest port to be greener
Asia-Pacific
The Straits Times

Malaysia tops S-E Asia’s IPO market in first half of 2026, Singapore comes in second

The listings in Malaysia raised $1.68 billion, while those in Singapore raised $1.12 billion. SINGAPORE – Malaysia emerged as the top market for initial public offerings (IPOs) in South-east Asia in the first half of 2026, with 36 listings, while Singapore trailed with five debuts, a Deloitte report released on July 13 showed. The listings in Malaysia raised US$1.3 billion (S$1.68 billion), while those in Singapore raised US$868 million. It still marks an improvement for Singapore, which saw only one IPO in the first half of 2025. There have been signs of rejuvenation in Singapore’s capital markets, after the Monetary Authority of Singapore and Singapore Exchange (SGX) made efforts in 2025 to boost liquidity and encourage investor interest. In February 2025, Singapore’s central bank launched the Equity Market Development Programme, which is a $6.5 billion initiative designed to boost investor participation beyond large-cap stocks. Deloitte South-east Asia capital markets services leader Tay Hwee Ling noted that Singapore’s performance reflects growing investor confidence and strong support for these recent market reforms. In total, South-east Asia saw 47 IPOs across the region in the first half of 2026, raising more than US$3.07 billion in proceeds. While there were 53 IPOs in the first half of 2025, the proceeds amounted to only US$1.41 billion. Tay said: “Deloitte’s report highlights a resilient South-east Asian IPO market that continues to attract larger and higher-quality listings despite a moderation in overall IPO volumes.” The report noted that the market demonstrated a significant shift towards larger transactions. Compared with the first half of 2025, IPO proceeds in 2026 increased by 117 per cent, and the average IPO deal size grew from US$26 million to US$65 million – representing an increase of about 2½ times.

Malaysia tops S-E Asia’s IPO market in first half of 2026, Singapore comes in second
Asia
The Hindu BusinessLine

HCL working at fast pace to double Malanjkhand Copper Project capacity in MP by 2030: CMD

Newly appointed Hindustan Copper Ltd (HCL) Chairman and Managing Director Anupam Mishra on Saturday said the company was working at a fast pace to double the annual production capacity of its Malanjkhand Copper Project (MCP) in Madhya Pradesh's Balaghat district from 2.5 million tonnes to 5 million tonnes by 2030. In his first visit to the project after taking charge as HCL's CMD earlier this month, Mishra told PTI that the Miniratna Category-I public sector undertaking had also planned phased capital expenditure to raise its overall production capacity to 12.2 million tonnes by 2030. "Our focus will be on completing the capital expenditure (capex) plan to achieve the production target of 12.2 million tonnes by 2030. Engineering in-charges and corporate teams will closely monitor every project and its key milestones so that any bottlenecks can be removed in time," he said. HCL's current mine ore production capacity stands at around four million tonnes per annum. Referring to global demand for copper outstripping supply, Mishra said HCL was working in mission mode on industrial development and technological advancement to ensure that mineral shortages did not hamper India's goal of becoming a developed nation. He said the Malanjkhand Copper Project, with an annual production capacity of 2.5 million tonnes, contributed nearly 70 per cent of HCL's total output. "The company is implementing a plan to increase the project's capacity from 2.5 million tonnes to 5 million tonnes by 2030. Work on different expansion projects is progressing satisfactorily. These include new production and service shafts, winders, a concentrator plant and a paste-fill plant," he said. Mishra said the company was also expediting plans to enhance production capacities at its other projects, including the Khetri Copper Complex in Rajasthan's Khetrinagar and the Indian Copper Complex at Ghatsila in Jharkhand, to achieve the overall production target. During his three-day visit, Mishra inspected the underground mine, concentrator plant, paste-fill plant, tailings dam and expansion work at the Malanjkhand project. Mishra succeeded Sanjiv Kumar Singh, who retired on June 30. Before joining HCL, he served as Director (Marketing) at Fertilisers and Chemicals Travancore Ltd. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

HCL working at fast pace to double Malanjkhand Copper Project capacity in MP by 2030: CMD
Asia
The Hindu BusinessLine

Q1 Results Today Live: Kotak Mahindra, YES Bank drive Q1 with 23%, 34% profit jump; ICICI up 16%, HDFC and IDBI post 5% growth

HDFC Bank on Saturday reported a 5 per cent increase in standalone net profit to ₹19,060 crore for the June quarter. HDFC Bank's Q1 profit rises 5% to ₹19,060 crore, despite a decline in total income and improved asset quality. YES Bank reported that its standalone net profit rose 34 per cent year-on-year to ₹1,071 crore in the June quarter, compared to ₹801 crore in the corresponding period last year, driven by strong deposit growth and pick up in lending. YES Bank's net profit rises 34% with improved asset quality and strong loan growth, reflecting robust financial health. IDBI Bank reported a net profit of ₹2,115 crore for the first quarter of FY 2026-27, a 5 per cent increase year-on-year and 9 per cent sequentially, as the Mumbai-based lender continued to improve asset quality and grow its loan book. Net Interest Income rose 10 per cent year-on-year to ₹3,486 crore, though it declined 9 per cent from the previous quarter. Net Interest Margin stood at 3.61 per cent. Operating profit for the quarter was ₹2,168 crore. Loan growth was the standout metric. Net advances grew 22 per cent year-on-year to ₹2,58,968 crore as of June 30, 2026, while total deposits rose 10 per cent to ₹3,25,757 crore. Total business crossed ₹5.84 lakh crore, up 15 per cent over the same period last year. The bank’s retail-to-corporate loan mix stood at 70:30. Asset quality continued to improve. Gross NPA ratio fell to 2.30 per cent from 2.93 per cent a year ago, and Net NPA declined to 0.16 per cent from 0.21 per cent. Provision Coverage Ratio remained strong at 99.31 per cent, a level the bank has maintained since September 2023. Capital adequacy strengthened to 26.92 per cent, up 153 basis points year-on-year, with Tier 1 Capital at 26.38 per cent. Return on Assets stood at 1.89 per cent, up 14 basis points quarter-on-quarter. On the cost side, Cost of Deposits eased to 4.59 per cent from 4.84 per cent a year earlier, and Cost of Funds declined 30 basis points year-on-year to 4.68 per cent. During the quarter, IDBI Bank received the APY Annual Award of Ultimate Achiever from the Ministry of Finance for Atal Pension Yojana enrolment, launched a nationwide hackathon called IDBI Innovate 2026, and was recognised at the Internal Audit Excellence Awards 2026 for its AI-enabled audit system. HDFC Bank on Saturday reported a standalone profit after tax of ₹190.6 billion for the first quarter of FY27, up 5 per cent year-on-year, as strong loan and deposit growth offset a sharp decline in non-interest income.

Q1 Results Today Live: Kotak Mahindra, YES Bank drive Q1 with 23%, 34% profit jump; ICICI up 16%, HDFC and IDBI post 5% growth
Asia
The Hindu BusinessLine

HDFC Bank profit rises 5% to ₹19,060 crore in Q1

HDFC Bank on Saturday reported a 5 per cent increase in standalone net profit to ₹19,060 crore for the June quarter. The country's biggest private sector lender had earned a net profit of ₹18,155 crore in the year-ago period. However, the total income of the bank in the quarter under review dropped to ₹92,184 crore from ₹99,200 crore in the same period a year ago, HDFC Bank said in a regulatory filing. The lender's interest income increased to ₹79,363 crore from ₹77,470 crore in the same quarter a year ago. During the period, operating profit of the bank declined to ₹28,169 crore, as compared to ₹35,734 crore in the same quarter a year ago. Net interest income grew 7 per cent to ₹33,530 crore from ₹31,440 crore for the June quarter, it said. Net interest margin was at 3.26 per cent on total assets, and 3 per cent based on interest earning assets. The bank's asset quality exhibited improvement with gross non-performing assets (NPAs) declined to 1.17 per cent of gross advances at the end of the June quarter, from 1.4 per cent a year ago. Similarly, net NPAs, or bad loans, declined to 0.41 per cent, as against 0.47 per cent in the year-ago period. As a result, provisions and contingencies for bad loans declined massively to ₹3,060 crore during the first quarter, as compared to ₹14,442 crore in the same period a year ago. Capital adequacy ratio of the bank moderated to 19.57 per cent from 19.88 per cent at the end of first quarter of the previous financial year. The consolidated profit after tax of the HDFC Bank Group for the June quarter was ₹19,245 crore as against ₹16,258 crore in the same period a year ago, registering an 18 per cent growth.

HDFC Bank profit rises 5% to ₹19,060 crore in Q1
Asia
The Hindu BusinessLine

Nifty and Nifty Bank Prediction for the week 20 Jul '26 to 24 Jul '26 by BL GURU

Nifty has managed to sustain itself very well above 24,000 all through last week. The strong rise on Friday indicates that the Nifty 50 is gaining momentum. Overall, our bullish view remains intact. We expect the Nifty to break its immediate resistance and go higher in the coming weeks. The Nifty Bank index, on the other hand, continues to remain in a range. It can make a bullish breakout of its range and rise going forward. Nifty is likely to break its 24,400-24,500 resistance and rise to 24,800 or 24,950. The nifty bank index is likely to make a bullish breakout above 58,900 and rise to 60,500-61,500. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Nifty and Nifty Bank Prediction for the week 20 Jul '26 to 24 Jul '26 by BL GURU
North America
CNBC Finance

Netflix, Disney and YouTube interested in FIFA World Cup U.S. rights; package could reach $2 billion

As the FIFA World Cup captures massive global audiences, media companies are preparing to pay billions for the rights to the next two men's tournaments. Netflix, Disney and Alphabet's YouTube are all interested in challenging Fox for the U.S. broadcast rights to the 2030 and 2034 World Cup, according to people familiar with the matter. Amazon, which currently owns UEFA Champions League rights in the U.K., and Apple, which owns global MLS rights, could also enter the mix, further fueling a potential bidding war for the rights. Discussions between FIFA and potential media partners are expected to begin sometime in the next three months, according to people familiar with the matter, who asked not to be named because the talks are private. FIFA has alerted media companies during preliminary talks, which began earlier this year, that English- and Spanish-language U.S. rights are likely to be sold together, rather than separately as they have been for previous World Cups, including 2026, according to the people. Fox paid $485 million for the English-language rights for this year's tournament, hosted across North American cities, according to The Athletic. NBCUniversal's Telemundo paid $600 million for the Spanish-language rights, according to people familiar with the matter. Executives at various media companies are budgeting between $1.5 billion and $2 billion for the U.S. rights to each tournament across languages, said the people. The last time FIFA negotiated a deal, with Fox and Telemundo, was in 2011. Four years later, FIFA extended that deal through 2026. FIFA won't sell global rights to the tournament, because different countries have regulations that mandate the World Cup must be sold over the air. But U.S. rights will be coveted, with major viewership and advertising opportunities. Netflix, Disney and YouTube all view the World Cup as a potential major boost for their streaming services, according to the people familiar. Disney could also air games on ESPN and ABC, which could be appealing to FIFA as the broadcast on Fox has seen strong ratings this year. FIFA has already shown interest in Netflix by awarding it the Women's World Cup in 2027 and 2031. Selling the English- and Spanish-language rights as a single package could help FIFA garner a higher price, driving up bids from eager media partners looking for big ratings. The combined TV audiences for U.S. games in recent weeks have rivaled NFL playoff games. Packaging the language rights could also help eliminate some tensions between rival media companies airing the same games.

Netflix, Disney and YouTube interested in FIFA World Cup U.S. rights; package could reach $2 billion
Asia
The Economic Times

HDFC Bank, RIL, and Eternal among top 10 stock holdings of HDFC Mutual Fund in June

HDFC Mutual Fund, the third largest fund house based on assets managed, had an AUM of Rs 9.63 lakh crore as of June 2026. Here are the top 10 stock holdings, according to a report by Motilal Oswal Financial Services. The fund house had the highest holding in ICICI Bank, HDFC Bank and Axis Bank of around 5.9%, 5.4% and 3.4% respectively. Around 22.12 lakh shares of ICICI Bank, 13.54 lakh shares of HDFC Bank and 20.65 lakh shares of Axis Bank were sold out from the portfolio. The weight of ICICI Bank and HDFC Bank increased by 0.3% and 0.2% respectively, whereas that of Axis Bank remained unchanged. The fund house had an allocation of 2.9% in Reliance Industries leading to a decline in weight by 0.1% compared to previous month. The fund house had an allocation of 2.7% in SBI. Around 5.18 lakh shares of SBI were sold out from the portfolio leading to an increase in weight by 0.1% compared to the previous month. The fund house had an allocation of 2.6%, 2.3% and 2% in Bharti Airtel, Kotak Mahindra Bank and L&T respectively leading to decline in weight by 0.1% each compared to the previous month. The fund house had an allocation of 1.8% and 1.7% in Eternal and Maruti Suzuki respectively in June. Around 1.99 crore shares of Eternal were added to the portfolio leading to increase in weight by 0.1% whereas 1 lakh shares of Maruti Suzuki were sold out from the portfolio leading to no change in weight.

HDFC Bank, RIL, and Eternal among top 10 stock holdings of HDFC Mutual Fund in June