India’s three state-run oil marketing companies—HPCL, BPCL and IOC—reported losses for the June quarter as Brent crude surged to as high as $125 per barrel after the US-Iran conflict. HPCL posted the steepest loss at ₹11,526 crore, while BPCL and IOC reported losses of ₹3,962 crore and ₹2,661 crore, respectively. Strong refining margins helped cushion the hit from higher crude costs, with BPCL reporting a gross refining margin of $41.4 per barrel. Marketing profitability stayed under pressure, and LPG under-recoveries widened sharply during the quarter.

TJX reported fiscal first-quarter 2027 results, with comparable sales up 6% year over year and its pretax profit margin expanding 170 basis points to 12%. Earnings per share rose 29% from a year earlier to $1.19, coming in well above management’s expectations. The stock rose 5.7% on May 20 following the update.

U.S. stocks rose on Monday, with the Dow Jones Industrial Average up 1.19% to 53,111.43 and the S&P 500 gaining 0.68% to 7,540.32. Communication services led sector gains, while energy shares fell 1.7%. Tyson Foods (TSN) slid about 4% after reporting third-quarter revenue below expectations. In commodities, oil dropped 6.3% and gold edged down 0.3%.

Bloom Energy posted better-than-expected 2024 second-quarter results, with revenue and adjusted EPS both well ahead of consensus estimates, and it raised its full-year 2026 revenue and EPS guidance. A separate independent assessment report in New York said 37 deployed metered systems commonly failed to meet efficiency targets, with a median time of 20 months before dropping below a benchmark and Bloom’s 95% rated output target missed almost universally across evaluated regions. The operational concerns prompted a reassessment of the company’s ability to deliver on its technology claims, pressuring the stock on the day.

AMC Theatres drew more than 10.2 million moviegoers in the U.S., with ODEON Cinemas adding international attendance from Wednesday through Sunday, as the company posted record single-weekend total revenue and a weekend peak for food-and-beverage sales. The results were fueled by the debut of “Spider-Man: Brand New Day,” which opened to a media-reported $355 million domestically and $927 million globally. AMC shares were at $2.96 on Monday and traded well above the 20-day and 200-day simple moving averages. The move was described as a short-term, performance-driven catalyst for the stock.

India’s government has proposed the Taxation and Other Laws (Amendment) Bill, 2026, to sharply simplify the compliance conditions offshore funds must meet to qualify for tax exemption on their global income. The plan removes requirements tied to investor count, single-investor concentration, investment caps in one entity, related-party investment limits and a minimum average monthly corpus. The measures have already drawn net inflows of $40.81 billion, and India’s foreign exchange reserves rose to $682.354 billion in the week ended July 24, up $6.118 billion. The changes are expected to support the rupee (INR) and improve liquidity in domestic equities.

Nigeria’s active mobile subscriptions rose to 189.68 million in May 2026, up 1.67 million from April, with MTN and Airtel together controlling nearly 86% of the market, according to Nigerian Communications Commission (NCC) data. Broadband penetration reached 56.11% over the same period. Monthly data usage set a record at 1.50 million terabytes. The NCC also approved licenses for 46 new telecom companies.

Flare said FXRP, a representation of XRP, has been approved as collateral in Sentora’s RLUSD Main vault on Morpho. The vault holds about $280 million in deposited RLUSD, making it the largest institutionally curated RLUSD vault on Ethereum. The approval marks the first time an XRP representation has been accepted as collateral in an institutionally curated lending vault on Ethereum. XRP holders can now borrow the RLUSD stablecoin permissionlessly on Ethereum mainnet using FXRP collateral.