Business & Corporate News
Latest coverage and real-time analytical updates in Business.
Svatantra Microfin Files IPO Prospectus to Raise Up to Rs 3,000 Crore
Ananya Birla‑backed Svatantra Microfin has filed a red herring prospectus with SEBI on August 13 to raise up to Rs 3,000 crore through fresh equity and offer‑for‑sale. The company plans to strengthen its Tier‑I capital and fund growth across 2,253 branches in 23 states.
BusinessJammu Railway Expands SBI Cash Pickup to 67 Stations
On Thursday, Jammu Division of Northern Railway signed a deal with State Bank of India to extend cash pickup service to 18 new stations, bringing total covered to 67. The move aims to boost revenue security, simplify cash handling, and ease staff workload.
BusinessSEBI Proposes Color‑Coded Credit Risk‑o‑Meter for Debt Securities
India’s securities regulator, SEBI, has introduced a proposal for a color‑coded Credit Risk‑o‑Meter to simplify credit risk assessment of debt securities, aiming to improve transparency and help investors match risk with their appetite.
Businessadesso SE and Hitachi Digital Services Forge Strategic Partnership to Boost AI and Cloud Transformation
German IT firm adesso SE and Hitachi Digital Services have teamed up to help large enterprises accelerate AI, cloud and digital engineering. The alliance focuses on IT‑OT convergence, legacy system upgrades and new business models across sectors such as manufacturing, automotive, energy and healthcare.
BusinessIndiGo Launches Vijayawada‑Varanasi‑Kolkata Flights, Boosting Connectivity
IndiGo has begun new services linking Vijayawada with Varanasi and Kolkata, operating three times a week. The launch was attended by Civil Aviation Minister Rammohan Naidu and MP Vallabhaneni Balashowry, with strong passenger response on the first day.
BusinessAir India CEO urges integrity as airline tightens controls
Air India chief Campbell Wilson called for honesty amid misuse of travel perks, after firing about 1,000 staff for violations since 2022 privatisation. He announced resignation and plans to strengthen rules.
BusinessMahindra to Launch Scorpio‑N Based Pickup on Independence Day
Mahindra will unveil a new pickup built on the Scorpio N platform at its August 14 Independence Day event. The model, based on the 2023 Global Pik Up concept, will feature a double‑cab layout, updated styling, and a mix of engines and tech options, and should reach showrooms soon.
BusinessLG Electronics India Reports 27% Rise in Net Profit for FY27 Q1
LG Electronics India posted a 27.2% jump in net profit to Rs 652.86 crore for the June quarter of FY27. Revenue grew 15.5% to Rs 7,233.35 crore, while EBITDA margin expanded to 12.5%. The company highlighted strong domestic and export demand, and a positive outlook for the rest of the year.
BusinessCitadel Tightens Non‑Compete Rules, Linking Garden Leave to Pay
Citadel is imposing up to two‑year non‑compete periods for investment staff, with leave duration tied to total compensation. The policy aims to curb talent poaching amid fierce competition among multistrategy funds.
BusinessAir India CEO Prepares for Transition Amid Fleet Expansion and Operational Challenges
Air India’s current CEO Campbell Wilson announced a planned leadership change, the induction of over 100 new aircraft in two years, and upcoming salary hikes, while the airline grapples with geopolitical tensions, fuel price spikes, and airspace restrictions that have strained operations.
BusinessRhetan TMT Posts Rs 3.16 Crore Net Profit in Q2, Revenue Falls
Ahmedabad‑based Rhetan TMT reported a net profit jump to Rs 3.16 crore in the June quarter, up from Rs 0.76 crore a year earlier. However, operating revenue dropped to Rs 4.06 crore from Rs 5.04 crore, and the firm launched a 1‑MW captive solar plant.
BusinessSEBI Member Urges Mutual Fund Distributors to Prioritise Investor Trust Amid AI Surge
SEBI Whole‑Time Member Amarjeet Singh urged mutual‑fund distributors to keep investor interests first as competition and AI reshape distribution. He stressed ethical sales, product suitability, and continued engagement, highlighting distributors’ role in India’s growing mutual‑fund market and new regulatory measures.
BusinessSamsung Sets Up Pune Factory to Boost AI Data Centre Cooling in India
Samsung Electronics has inaugurated a new manufacturing plant in Pune, India, to produce HVAC units for AI data centres and critical infrastructure. The facility, run by its FläktGroup subsidiary, aims to meet growing demand across India and the Asia‑Pacific region.
BusinessIndia Awards 30 KTPA Green Hydrogen Capacity to Four Refineries Under NGHM
The Ministry of New and Renewable Energy has granted 30 kilotonnes per annum of green hydrogen production capacity to Indian Oil, Bharat Petroleum, Hindustan Petroleum, and Numaligarh Refineries under the NGHM SIGHT Mode 2B scheme. The move aims to position India as a global green hydrogen hub.
BusinessTata Sons Sets Process to Find New Chairman After Chandrasekaran Resigns
On 13 August, the Sir Dorabji Tata Trust began selecting a new chair for Tata Sons following N. Chandrasekaran’s announcement that he will not seek re‑appointment. The Trust praised his decade of stewardship and pledged support for a smooth transition amid ongoing governance tensions.
BusinessRBI Draft Rules Tie Floating Loan Rates to Benchmarks, Effective April 2027
The RBI’s draft will mandate banks to link all floating personal and MSME loans to an external benchmark, set clear reset rules, and limit spread changes. Existing borrowers must transition by 2029 with their consent and no extra charges.
BusinessGold and Silver Prices Hold Steady Ahead of US CPI Release
International and Indian bullion prices remain flat on Aug 13 as traders await the US CPI data that could influence Fed policy and the dollar. Spot gold fell slightly to $4,466.40/oz and silver to $65.47/oz, while domestic gold closed at Rs 1,52,939 per 10g.
BusinessEarnings, Deals and Share Sales: Key Highlights from Today’s Indian Stock Market
Today’s market saw strong earnings from Apollo Hospitals and Gujarat Pipavav Port, a block deal for UltraTech Cement, a JV with Bank of America for Jio Credit, and significant share sales in Dr Agarwals Health Care and Tenneco Clean Air India.
BusinessMarket Outlook: No Dominant Theme, Focus on Financials, Pharma, and Consumer Staples
Investors face a stock‑picker’s market with no single theme in control. Nifty earnings growth is expected to plateau around 6% in the medium term. Key sectors include financials, premium consumption, consumer staples, pharma, energy, and EVs, while risks from El Niño and West Asia remain active.
BusinessUS Stocks Rise on AI Wins and Soft Inflation, Fed Rate Hike Likely to Pause
The S&P 500 and Nasdaq closed higher on Wednesday as AI‑infrastructure firms posted strong earnings and U.S. inflation data remained subdued, easing fears of a Fed rate hike. CoreWeave, Super Micro, and data‑center stocks led gains, while the market priced a 62% chance of rate hold in September.
BusinessIndel Money Plans to Raise Up to ₹500 Crore via NCD Public Issue
Indel Money, a non‑deposit NBFC, will offer non‑convertible debentures worth up to ₹500 crore, aiming to strengthen its capital and fund lending activities. The issue runs from Aug 18 to Aug 31 with a minimum ₹10,000 application.
BusinessMoRTH Orders Ride Apps to Remove Pre‑Ride Tip Prompts
The Ministry of Road Transport and Highways has instructed all motor vehicle aggregators to eliminate tip‑related prompts before ride acceptance or completion. The move enforces Clause 14.15 of the 2025 guidelines, allowing tips only after the journey ends.
BusinessDGFT Seeks Feedback on New SOP for Inward Remittance Reporting by NBFC Factors
The DGFT has released a draft standard operating procedure to improve the reporting of inward remittance messages for NBFC factors. Stakeholders are invited to submit comments within 30 days to enhance transparency and ease of doing business.
BusinessUber Eyes Rides for Kids Aged 10‑12 as Part of Family Feature
Uber is developing a feature that would let parents add children aged 10‑12 to their family profile, adding safety controls and adult presence requirements. Though not yet live, the move signals the company’s push to serve younger riders.
BusinessChoosing Between EPF and PPF: What Every Salaried Employee Should Know
For salaried workers, EPF and PPF offer long‑term savings, but they differ in employer contributions, interest rates, tax benefits and liquidity. Understanding these differences helps decide where to allocate each rupee.
BusinessWhy Updating Your Nomination Matters Even After a Will
Many people think a will ends the need to organise finances, but nominations are often forgotten. Updating both documents ensures smooth claims and prevents disputes for the family after death.
BusinessKarnataka Approves 83 Industrial Projects, Creates 30,000+ Jobs in 2024
On August 12, Karnataka’s State Level Single Window Clearance Committee, led by Industries Minister MB Patil, approved 83 projects worth ₹6,252.86 crore. The approvals will generate over 30,000 jobs, with 69 projects outside Bengaluru, boosting the state’s ‘Beyond Bengaluru’ initiative.
BusinessSEBI Issues Censure to Alankit Assignments Over Regulatory Lapses
The Securities and Exchange Board of India (SEBI) has formally reprimanded Alankit Assignments Ltd, a Qualified Registrar and Transfer Agent, after an inspection from April 2021 to September 2022 uncovered multiple operational violations. SEBI chose a censure over a one‑year ban and noted earlier penalties.
BusinessTata Trusts Await Board Meeting Approval Ahead of Tata Sons AGM
The Sir Ratan Tata Trust (SRTT) is still waiting for permission to hold a board meeting on August 13, crucial for nominating a representative to Tata Sons’ AGM on August 18. The delay follows a probe into governance and a recent withdrawal of the chairman’s third term.
BusinessSEBI Lowers Stress‑Testing Z‑Score Threshold for Commodity Derivatives to 5
The securities regulator has cut the Z‑score limit used in commodity derivative stress tests from 10 to 5, easing the impact of extreme price swings on clearing houses.
BusinessGaja Capital Cuts IPO Size to Rs 656.2 Cr, Launches Fresh Issue and OFS on Aug 19
Gaja Alternative Asset Management, trading as Gaja Capital, has reduced its IPO size to Rs 656.2 crore and will open fresh share and OFS sales next week, aiming to list by August 26.
BusinessIndia, SACU Sign Terms of Reference to Kick Off Preferential Trade Agreement Talks
On Aug 12, India and the Southern African Customs Union signed the Terms of Reference to begin negotiations for a Preferential Trade Agreement. Commerce Minister Piyush Goyal said the pact should be balanced, practical, and completed within months, focusing on complementary sectors.
BusinessIndia's Pharma Exports Surge 6.8% to $8.1B in Q1 FY27
India’s pharmaceutical exports grew 6.8 % YoY to $8.1 billion in FY27 Q1, driven by strong demand for affordable generics, vaccines and bulk drugs. NAFTA and the US remain top markets, while growth is seen across Europe, Africa and Latin America.
BusinessGold Climbs Seventh Straight Day, Hits Rs 1.59 Lakh per 10g Amid Strong Demand
Gold prices rose for the seventh consecutive session, reaching Rs 1.59 lakh per 10 grams in Delhi, while silver also edged up. The gains are driven by safe‑haven buying ahead of U.S. inflation data and ongoing geopolitical tensions.
BusinessTata Sons Chairman Chandrasekaran to Step Down as Air India Faces Leadership Shake‑Ups
N Chandrasekaran will not seek reappointment as Tata Sons chairman when his term ends Feb 2027. His exit coincides with Air India’s CEO change and ongoing transformation, raising questions about continuity and financial turnaround.
BusinessTata Sons Faces Succession Challenge as Chandrasekaran Steps Down
N. Chandrasekaran will finish his term as Tata Sons chairman on Feb 20, 2027, leaving the board six months to choose a successor. The conglomerate has a wide pool of senior leaders, but age limits and tenure expectations complicate the choice.
BusinessTCS Shares Tumble Over Chandrasekaran’s Exit as Tata Sons Chairman
On August 12, 2026, Tata Consultancy Services (TCS) stocks fell more than five percent after N Chandrasekaran abruptly stepped down as chairman of Tata Sons. Analysts say the move exposed uncertainty over the company’s strategic direction and AI strategy.
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BusinessJewellery Stocks Surge 64% in Three Months, Analysts Warn of Consolidation Ahead
Titan, Kalyan Jewellers, Sky Gold and Goldiam International have climbed up to 64% in the last quarter. While earnings remain strong, experts say the rally’s easy gains are likely finished, and future growth will hinge on volume, store expansion and margins.
BusinessICICI Securities Upgrades HealthCare Global Enterprises Amid Strong Q1FY27 Growth
HealthCare Global Enterprises posted a 13.4% YoY revenue rise in Q1FY27, driven by robust performance in South and East regions, despite a 70‑million‑rupee hit from a new Bangalore facility. ICICI Securities now rates the stock BUY with a target price of ₹800.
BusinessCera Sanitaryware Sees Strong Q1 FY27 Growth, ICICI Securities Upgrades to BUY
Cera Sanitaryware posted 19.5% revenue rise in Q1 FY27, while operating margin fell to 10.1%. ICICI Securities upgraded the stock to BUY, forecasting 18–20% revenue growth and a 7,350 INR target price for June 2027.
BusinessSEBI Eyes FPI Entry into Physical Commodity Derivatives to Boost Liquidity
SEBI has proposed allowing Foreign Portfolio Investors to trade non‑agricultural commodity derivatives, including physically settled contracts, under strict safeguards. The move aims to deepen market depth, improve price discovery and align Indian derivatives with global markets.
BusinessCoforge Shares Dip 2% Amid Strong Growth, Private Equity Unit Launch
Coforge Ltd shares fell 2.01% to ₹1,782.40 by 11:06 a.m. on Wednesday, despite a bullish market mood. The firm unveiled a Private Equity Business Unit on 11 August 2026 and keeps posting solid revenue and profit growth.
BusinessMphasiS Shares Dip 2.16% as Company Reports Strong Q3 2026 Results
MphasiS shares fell 2.16% on Wednesday, trading at ₹2,475.40. The IT services firm posted modest profit decline but revenue grew 3.33% in Q3 2026, and it announced a ₹62.00 final dividend.
BusinessGMR Airports Shares Dip 2% as Company Shifts from Losses to Profit
GMR Airports shares fell 2% to ₹103.00 amid a turnaround from quarterly losses to profits. Revenue has surged, and the company posted a net profit of ₹232.86 crore in March 2026, signalling improving financial health.
BusinessN Chandrasekaran Resigns as Tata Sons Chairman Amid Governance Tensions
N Chandrasekaran has stepped down as chairman of Tata Sons, ending months of conflict over capital allocation, losses in new ventures, and the relationship with Tata Trusts. He will remain until February 2027, while the group prepares for a succession plan before its AGM on August 18.
BusinessVishal Mega Mart Stock Falls 2.11% on Weak Sentiment; Q2 2026 Earnings Show Strong Growth
On Aug 6, 2026, Vishal Mega Mart shares dropped 2.11% to Rs 107.92, joining the top losers. Despite the decline, the retailer posted an 18.7% rise in revenue and a 25.5% jump in net profit for the June 2026 quarter, reflecting robust earnings.
BusinessSiemens Energy India Shares Drop 2% Amid Strong Financial Growth
Siemens Energy India shares fell 2% on Aug 12, 2026, trading at Rs 3,492.50. The company, part of the NIFTY NEXT 50, posted robust growth in sales, profit, and cash flow for FY 2025 and Q2 2026.
BusinessKalyan Jewellers Shares Dip 2.19% Amid Strong Q2 2026 Growth
Kalyan Jewellers’ stock fell 2.19% to ₹589, yet the company posted a 45.67% jump in Q2 2026 revenue and a 31.95% rise in net profit, boosting investor confidence.
BusinessBSE Limited Shares Drop 2.08% as Earnings Growth Remains Strong
BSE Limited’s stock slipped 2.08% to Rs 3,530 on 12 Aug 2026, yet the company posted strong quarterly and annual earnings, prompting mixed market sentiment.
BusinessAsN Chandrasekaran Steps Down, Bombay House Remains Tata Group’s Iconic HQ
When Tata Sons chairman AsN Chandrasekaran resigns, attention turns to Bombay House, the 100‑year‑old headquarters that has housed the Tata Group’s key decisions. Built in 1924 and designed by George Wittet, the building blends colonial elegance with modern upgrades, preserving heritage while serving 400 employees.
BusinessTata Motors Passenger Vehicles Shares Dip 2.17% Amid Mixed Financial Results
Shares of Tata Motors Passenger Vehicles fell 2.17% to Rs 340.05 on Wednesday. The company released July sales data, ESG rating, and disclosed Life Insurance Corporation stake. Quarterly revenue jumped 50% but annual net loss of Rs 1.82 billion. Dividend cut to Rs 3.00 per share.
BusinessBajaj Electricals Sees Modest FY27 Start, Profitability Improves
Bajaj Electricals begins FY27 with 2.3% revenue growth and a sharp rise in EBIT margin to 4.3%. While fans lag due to supply issues, other categories show double‑digit gains. Analysts cut FY27‑28 earnings forecasts and keep a HOLD rating.
BusinessYouTube Raises Partner Program Thresholds for New Creators Starting 2027
YouTube has doubled the entry requirements for ad and Premium revenue sharing for new creators, effective February 1, 2027. New creators must now reach 8,000 watch hours in the last 365 days or 20 million Shorts views in the last 90 days. The change aims to reward active creators while offering alternative monetisation routes.
BusinessJSW Infrastructure Stock Rises; Strong 2026 Financials and Dividend Record
JSW Infrastructure shares climbed 2.21% to ₹349.40 at 11:49 am on Wednesday, reflecting robust growth. The company posted a 135% revenue rise to ₹5,361.44 crore and a 368% net profit jump to ₹1,546.90 crore in FY 2026, with steady EPS and a healthy debt‑to‑equity ratio.
BusinessGodrej Properties Shares Drop 2.06% as Quarterly Profit Declines
Shares of Godrej Properties fell 2.06% to Rs 1,996 on Wednesday, marking one of the biggest losses on the Nifty Midcap 150. The dip follows a quarterly report that showed revenue growth but a sharp fall in net profit and EPS, despite strong yearly performance.
BusinessNLC India Shares Drop 2.05% as Q2 2026 Results Show Profit Decline
On Aug 12, 2026, NLC India shares fell 2.05% to Rs 280.20. The company posted a sharp decline in Q2 2026 revenue, net profit, and EPS compared to March 2026, while annual figures and dividend announcements remained positive.
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BusinessTata Group Shares Plunge After Chairman Chandrasekaran Announces Exit, Dragging Nifty Lower
Tata Sons Chairman N Chandrasekaran’s decision to step down at end of 2027 sent Tata Group stocks tumbling, with TCS falling over 5% and the market losing about Rs 68,000 crore. The dip also weighed on the broader Nifty and Sensex indices.
BusinessTata Sons Chairman Chandrasekaran Resigns, Will Complete Term Amid Reappointment Uncertainty
On Aug 12, Tata Sons chairman N. Chandrasekaran submitted his resignation but will finish his term as the board has yet to approve a third term. The move follows a February meeting that was postponed after concerns from Tata Trusts and other stakeholders.
BusinessRetail Traders Boycott Trading Today Over New Closing Auction System
On August 12, Indian retail traders halted trading to protest the newly introduced Closing Auction System (CAS), citing increased volatility, price gaps, higher STT, and shifting regulations.
BusinessLEAP India IPO Allotment Finalised Today After 8.38x Demand
LEAP India’s Rs 2,480‑crore IPO, opened Aug 7, closed Aug 11, saw 8.38× subscription. Allotment will be announced Aug 12 after strong demand from institutional investors.
BusinessGold and Silver Prices Rise on Aug 12 as Investors Await US CPI Data
Gold and silver climbed in early trading on Aug 12 after a profit‑booking dip. Prices are steady as investors watch US CPI for clues on the Fed’s policy path.
BusinessEight Candidates Interviewed for Shri Ram Janmabhoomi Trust CEO Position
The Trust shortlisted eight candidates from 5,200 applications for the first full‑time CEO role. Interviews began Tuesday, covering administrative skills and personal beliefs, as the panel seeks a leader to enhance accountability after recent theft allegations.
BusinessKangana Ranaut Fires Back at Naseeruddin Shah Over 'Dog with a Bone' Comment
Actress Kangana Ranaut criticized veteran actor Naseeruddin Shah for his ‘dog with a bone’ remark, questioning his patriotism amid student protests.
BusinessKey Stock Market Highlights: Earnings, Deals, and Leadership Moves in India
Today’s market buzz includes earnings announcements from Tata Motors to Yatra Online, record profits for several firms, major stake sales, new board appointments, and big orders for defense and infrastructure projects.
BusinessAccel Raises $550 Million for New India Fund, Eyes AI and Consumer Startups
Global venture firm Accel has secured $550 million for its ninth India-focused fund, targeting AI, consumer, fintech, software and advanced manufacturing startups. The move strengthens its capital base and positions it for growth in India’s dynamic market.
BusinessForeign Investors Buy Indian Equities Again, Domestic Investors Also Net Buyers
For the second consecutive day on Aug 11, foreign institutional investors (FIIs) purchased Rs 258.55 crore of Indian shares, while domestic institutional investors (DIIs) added Rs 24.77 crore, according to provisional data.
BusinessDeepan Kapadia: Q2FY27 a Transition Quarter, Focus on Earnings Quality and Sectoral Upsides
Executive Director of Spark Capital PWM predicts Q2FY27 will be a transition period, driven by domestic demand, government spending and credit growth. He highlights improving earnings quality, sectoral opportunities in industrials and manufacturing, and cautions on valuations and global headwinds.
BusinessAsian Shares Set to Fall as Traders Await US Inflation Data Amid Iran Tensions
Asian markets look set for losses as investors pause riskier bets ahead of US CPI release and ongoing Iran Strait of Hormuz concerns.
BusinessShould You Pay Off Your Personal Loan Early? Key Factors to Consider
When a bonus or salary hike arrives, many wonder if early repayment of a personal loan will boost their credit score. The truth is more nuanced. This guide explains how repayment history, fees, emergency funds, and credit report accuracy influence the decision.
BusinessWhy You Should Transfer Your EPF Balance When Switching Jobs
Transferring your EPF balance to a new employer keeps your retirement savings continuous, avoids tax penalties, and simplifies record‑keeping. Learn how to do it quickly and why withdrawing is risky.
BusinessNifty 50 Slides 0.5% as Momentum Slows, Oil Prices Caution Traders
The Nifty 50 fell about half a percent on Aug 11 after testing the lower side of its August 4 range near 24,430. Despite staying positive, weak momentum indicators and rising oil prices hint at a pause. Traders now focus on support near 24,350 and 24,200, while options data point to key resistance around 24,600‑24,700.
BusinessMajor Bulk Deals: Metropolis Healthcare, Univastu India, Rolex Rings, and RPP Infra See Significant Share Transactions
On August 11, large institutional investors bought and sold millions of shares in Metropolis Healthcare, Univastu India, Rolex Rings, and RPP Infra, pushing stock prices higher and reshaping ownership structures.
BusinessBata India Posts 23% Rise in Q1FY27 Net Profit, Announces Rs 25 Share Dividend
Bata India’s first quarter of FY27 saw a 23% jump in net profit to ₹63.98 cr, driven by higher sales and cost discipline. The company also lifted its dividend to ₹25 per share.
BusinessHorizon Industrial Parks to Launch Rs 2,600-Crore IPO on August 17
Horizon Industrial Parks, backed by Blackstone, has filed its red herring prospectus and will open its IPO on August 17. The fresh issue will raise 2,600 crore, with shares expected to trade from August 24.
BusinessEmbassy Developments Posts Rs 234.40 Crore Net Loss in June Quarter, Income Falls Sharply
Embassy Developments Ltd reported a consolidated net loss of Rs 234.40 crore for the June quarter, down from Rs 165.64 crore a year earlier. Total income dropped to Rs 241.28 crore from Rs 694.05 crore in the same period last year.
BusinessManappuram Finance Q1 2026 Profit Soars Four‑Fold to ₹585 Cr
Gold‑loan NBFC Manappuram Finance reported a consolidated profit of ₹585 crore in the first quarter of FY27, a jump of more than four times the ₹132 crore earned in the same period last year, fueled by higher interest income and a 25% rise in net interest income.
BusinessRBI Sets Premature Redemption Price for SGB 2018‑19 Series VI at Rs 15,102 per Unit
RBI announced premature redemption price for SGB 2018‑19 Series VI at Rs 15,102 per unit, effective Aug 12 2026, based on average gold price. Investors may redeem after five years. New tax rules from April 1 impose capital gains tax on premature redemption; only original 8‑year holders enjoy tax exemption.
BusinessOil Prices Rise as US-Iran Talks Near Deal, Markets Gain
Oil climbed 5% amid US‑Iran negotiations; global stocks edged higher as traders watched for a deal that could reopen the Strait of Hormuz. Markets also tracked inflation data and bond yields.
BusinessA-1 Limited Secures ₹38.70-Crore Solar Group Order Amid Strong Q2 FY27 Growth
A-1 Limited has won a ₹38.70-crore contract from Solar Group of Industries for acids and chemicals, boosting its order book as the company reports a 170% rise in revenue and a 210% jump in EBITDA for the June quarter.
BusinessTumakuru vs South Bengaluru: Congress Split Over Second Airport Site
Deputy CM G Parameshwara backs Tumakuru for Bengaluru’s second airport, while CM DK Shivakumar favors a southern site. BJP and Union officials also weigh in, and the final decision will await technical and DGCA reviews.
BusinessParliamentary Committee Calls for Zone‑wise Freight Plans and Annual Rate Reviews
A Parliamentary Standing Committee urged the Railway Ministry to share zone‑specific freight plans, institutionalise annual rate reviews, and address crew shortages to boost freight traffic and improve speeds.
BusinessApple Pursues Glass-Centric iPhone for 20th Anniversary, Plans 2027 Release
Apple remains committed to a glass‑heavy iPhone for its 20th anniversary, targeting a 2027 launch of new Pro models despite earlier reports of cancellation.
BusinessShiprocket Raises Rs 727 Cr from 50 Anchor Investors Ahead of IPO
Gurugram‑based e‑commerce logistics platform Shiprocket secured Rs 727.41 crore from 50 anchor investors on Aug 11, paving the way for its IPO scheduled for Aug 12‑14, with a target of raising up to Rs 1,617.5 crore.
BusinessAPMI Names Vikas Khemani and Sandeep Jethwani as New Chairman and Vice Chairman
The Association of Portfolio Managers in India has elected Vikas Khemani of Carnelian Asset Management as Chairman and Sandeep Jethwani of Dezerv as Vice Chairman, aiming to boost transparency, technology, and investor education in the PMS sector.
BusinessShashi Tharoor Criticises IRDAI’s Bima Bharosa Portal Response Over Health Claim Delays
Congress MP Shashi Tharoor on Aug 11 challenged a parliamentary reply about the Bima Bharosa portal, saying it omitted key details on delayed health insurance settlements and failed to disclose insurer participation. He highlighted that more than half of pending complaints relate to health insurance and that 25,000 unfair practice cases were registered in 2024‑25.
BusinessIndia's RBI Foreign‑Currency Inflows Boost Bank Liquidity, Impact Corporate Bonds
RBI’s new scheme for FCNR‑B deposits and ECBs has pulled in $42bn by July, potentially adding up to $100bn before September, giving banks a 3‑6% liquidity boost and prompting a shift to higher‑yield corporate bonds.
BusinessLightstorm Secures ₹2,500 Crore Debt to Build AI Fibre Superhighway
Digital infrastructure firm Lightstorm has raised ₹2,500 crore in debt from IndusInd Bank to launch its AI Superhighway, a high‑capacity fibre network linking Indian data centres and extending to Southeast Asia via the I‑2SEA subsea cable.
BusinessU.S. Markets Dip as Oil Prices Rise Amid Strait of Hormuz Uncertainty
The U.S. stock indices fell slightly from recent highs while Brent crude climbed to $87.72 per barrel as traders weigh the possibility of a delayed reopening of the Strait of Hormuz. Strong corporate earnings and a mix of corporate moves added to market volatility.
BusinessMarket Highlights: Earnings, Deals, and Strategic Moves Across Indian Stocks
Today’s trading saw a mix of earnings releases, record profits, new contracts, and strategic collaborations. Key players like Siemens, Zydus Lifesciences, and others announced quarterly results, while companies secured major orders and approvals, reshaping market sentiment.
BusinessHCLTech Reports No Evidence of Data Breach After Hacker Claims
The IT services firm HCLTech says its investigations found no breach of its systems or client engagements after a hacker group alleged employee data exposure. The data, if any, appears limited and from earlier years.
BusinessIndia’s Kharif Sowing Nears 2% Lull, Rains Help Close Gap
By August 7, India’s kharif sowing is about 2% below last year, but recent rains have narrowed the deficit. Rice remains the main lag, while oilseeds have seen a rise. Monsoon rainfall is still below normal, especially in the east, but central India shows a surplus.
BusinessBrookfield India REIT Posts 14% Re‑leasing Spread, 56% Rental Growth in FY27 Q1
Brookfield India REIT reported a 14% re‑leasing spread and a 56% rise in operating lease rentals, reaching Rs 714 crore in Q1 FY27. The REIT also secured early renewals for 0.6 million sq ft beyond FY27 and announced a Rs 5.60 per unit distribution.
BusinessIndian Corporate Earnings Expected to Narrow Gap with Market Capitalisation in Next 18-24 Months
Harish Krishnan of Aditya Birla Sun Life AMC predicts that rising earnings will reduce the disparity between India’s market capitalisation and corporate profits over the next 18 to 24 months. The top 1,000 listed companies saw an 18% profit growth in 21 months while market cap stayed flat.
BusinessRPSG's Purvah to Acquire 1.4 GW Solar Projects from ReNew for ₹4,859 Cr
The RP‑Sanjiv Goenka Group’s renewable arm, Purvah Green Power, will buy six operational solar plants from ReNew Solar, adding 1.4 GW of contracted capacity for ₹4,859 crore. The deal, funded by RPSG, boosts Purvah’s portfolio to 4.8 GWp and accelerates its 10 GW target.
BusinessForeign Investors Buy Indian Shares, Domestic Sellers Offload on Aug 10
On August 10, foreign institutional investors (FIIs) were net buyers of Indian equities, purchasing Rs 1,974.76 crore worth of shares, while domestic institutional investors (DIIs) sold Rs 1,290.29 crore. This follows a two‑day streak of FII buying, with the market staying largely flat.
BusinessWealth Company Launches GIFT City-Based Category III AIF for Overseas Investors
The Wealth Company has launched a Category III Alternative Investment Fund in GIFT City, providing non‑resident Indians and other overseas investors a single US‑dollar vehicle to access India’s mutual fund and ETF universe without SEBI registration.
BusinessNifty 50 Holds Range, Eyes 24,500‑24,700 Break for Next Move
The Nifty 50 closed marginally higher on Aug 10, staying within the 24,500‑24,700 band. Analysts say the index could move to 24,800‑25,000 if it breaks above, or drop to 24,400‑24,300 if it falls below. Key support and resistance levels are highlighted, and options data points to potential short‑term pressures.
BusinessPPF vs NSC: Which Govt Savings Scheme Suits Your Goals?
Both PPF and NSC are safe government-backed plans. PPF offers a 7.1% rate over 15 years, while NSC gives 7.7% for a fixed five‑year term. Choosing depends on your time horizon and tax needs.
BusinessUS Investment Giants to Back Nvidia in $500 Billion AI Infrastructure Deal
A consortium of major U.S. investment firms plans to invest $500 billion in Nvidia’s AI infrastructure, a deal that could be announced Monday. The partnership follows Nvidia’s recent large‑scale deals across the AI sector.
BusinessBoost Your NPS Savings as Your Salary Grows
Your NPS contributions can keep pace with rising earnings by making small yearly increases. Understand the benefits, tax implications, and when to pause for other financial goals.
BusinessHow Much Emergency Fund Do Homeowners Need?
Buying a home brings stability but ongoing costs continue. An emergency fund shields homeowners from unexpected bills and income shocks. RBI recommends 3–6 months of essential expenses, including EMI, groceries, and repairs. Use a separate savings account and replenish after use.
BusinessGeM Celebrates 10th Foundation Day, Announces AI‑Driven Roadmap for Next Decade
India’s digital procurement platform GeM marked its 10th Foundation Day on August 10. Commerce Minister Piyush Goyal unveiled plans to make the marketplace AI‑enabled, expand participation, enhance last‑mile access, and strengthen sustainable procurement.
BusinessENS Enterprises Launches Rs 33.14 Crore IPO to Boost Tech Capabilities
On August 14, technology firm ENS Enterprises will open a Rs 33.14 crore IPO, aiming to fund product upgrades, IT infrastructure, and debt repayment, while strengthening its digital solutions portfolio.
BusinessAlpha AMC Launches Free AIF Comparison Platform for Investors
Alpha AMC has introduced a free digital platform that lets investors compare Alternative Investment Funds side‑by‑side, eliminating listing fees and simplifying data access.
BusinessSEBI to Raise Debt ISIN Limit to 17, Giving Companies More Maturity Flexibility
SEBI proposes raising the maximum number of debt ISINs maturing in a year from 14 to 17, aiming to ease refinancing risks for NBFCs. The change may not directly translate to more retail bond options but could improve issuers’ cash‑flow management.
BusinessHow Much Money Do You Really Need to Retire Comfortably?
The myth of a single retirement target is misleading. Your retirement fund must cover future expenses, inflation, healthcare, and existing income from EPF, NPS, pensions, and other sources. Start by mapping your own budget and adjust it regularly.
BusinessWockhardt Targets US Launch of New Antibiotic Zaynich in 2027, Seeks European Approval by 2027
Wockhardt plans to introduce its antibiotic Zaynich in the United States by early 2027 and secure European approval by early 2027. The company has set up a US management team, recruited doctors, and is preparing for market launch through scientific engagement.
BusinessMarket Highlights: Earnings, Deals, and Share Movements Today
Today’s market saw earnings releases from 20 companies, record profit jumps, new land deals, FDA inspection closure, and notable share purchases and sales across sectors.
BusinessSaudi‑Turkey‑Pakistan Defence Pact: A Realistic Assessment for India
The new trilateral defence pact has been dubbed an "Islamic NATO", but India should view it as a modest political alliance rather than a military threat.
BusinessAsian Shares Rise on Wall Street Momentum, Oil Prices Edge Up Amid Gulf Tensions
Asian markets climbed higher on Monday, buoyed by a soft U.S. jobs report and Wall Street gains. Oil prices ticked up as Gulf peace talks stalled, while investors await U.S. CPI data that could influence Fed policy.
BusinessIndian Markets End Higher on Week 2, Supported by Falling Oil and Strong Earnings
The Indian stock market closed higher for the second consecutive week on August 7, buoyed by lower oil prices, softer US labour data, and a robust Q1FY27 earnings season. Analysts anticipate a positive outlook for the coming week with focus on CPI, US inflation, and geopolitical developments.
BusinessBIS Expands Silver Jewellery Testing as Demand Surges Amid Gold Price Rise
With gold prices climbing, the Bureau of Indian Standards is scaling up silver jewellery testing, adding more laboratories nationwide. From September 2025, hallmarked silver items will carry a unique HUID number for purity verification. BIS aims to meet rising demand within two years.
BusinessWest Bengal Seeks Tata Group Investment After 2008 Exit
West Bengal officials are engaging Tata Group to reinvest in the state, following Tata Motors’ 2008 exit from Singur. Discussions explore new or expanded units across Tata’s diverse sectors.
BusinessIndia to Raise FDI Approval Threshold to Rs 15,000 Crore, Plans Ease Downstream Investment Rules
The government plans to lift the Cabinet Committee on Economic Affairs approval limit for foreign direct investment proposals from Rs 5,000 crore to Rs 15,000 crore. It also aims to simplify downstream investment norms, potentially boosting overseas capital and job creation.
BusinessCan a Mother Bequeath Her Inherited Share to Sons When Father Dies Intestate?
When a father dies without a will, his property is divided equally among his wife, two sons and a daughter under the Hindu Succession Act. The daughter can claim a third of the mother’s share, while the mother may leave her quarter to her sons via a will.
BusinessNifty 50 Holds Range, Eyes 24,800 Breakout for 25,000 Target
The Nifty 50 stayed in a tight range during the week, closing 0.27% lower on Aug 7 after a new fiscal‑year swing high. Key support lies at 24,400‑24,300, while a move above 24,800 could push the index toward 25,000‑25,200.
BusinessShiprocket Eyes Growth, Launches IPO at ₹92-97 per Share
Shiprocket’s new business lines grew 65% last year, outpacing core shipping. The company will raise ₹1,617.5 crore through a fresh issue and OFS, aiming to fund technology, marketing, and expansion. Shares open on Aug 12.
BusinessWhy You Should Review Your NPS Asset Allocation Annually
Many NPS investors set their asset mix once and forget it. A yearly check ensures the mix still fits your age, risk tolerance and retirement goals.
BusinessNomination vs Will: Why Both Are Essential for Estate Planning
Many think a nominee automatically inherits assets after death, but nomination and a Will serve different purposes. Understanding the distinction and keeping both documents updated can prevent confusion and disputes among heirs.
BusinessDixon Technologies to Finalise Vivo Joint Venture in Two Months, Revenue to Hit Q3
Dixon Technologies anticipates completing its joint venture with Chinese smartphone maker Vivo within two months, with revenue expected in the October-December quarter. The partnership aims to boost mobile production capacity and reduce Vivo’s risk in India, while Dixon reports a slight profit dip due to incentive expiry and cost pressures.
BusinessIndia’s Retirement Landscape Shifts: Longevity and Inflation Demand New Planning
India’s life expectancy has surged, extending retirement to 25‑30 years. Rising costs, especially healthcare and inflation, mean many retirees face a 3.5‑fold gap between savings and needs. Early, disciplined saving and realistic projections are essential.
BusinessWhen Savings Turn into a Drag: Why Your Money Should Work for You
Many Indians leave money idle in savings accounts, earning only 2.5–4% interest that falls behind inflation. Experts advise keeping enough for emergencies and investing the surplus in safer, higher‑yield instruments.
BusinessGodrej Properties Projects Over Rs 20,000 Crore Operating Cash Flow, Confident in Growth
Godrej Properties will generate over Rs 20,000 crore in operating cash flow over the next seven quarters, boosting investment and possibly achieving free cash flow next year. Sales bookings rose 22% to Rs 8,651 crore in June quarter, with a target of 13.5 million sq ft delivery in FY27.
BusinessHow Much Should You Keep in an Emergency Fund?
An emergency fund is a safety net for unforeseen expenses. It should cover essential costs for 3-6 months, or more if you have unstable income or dependents. Keep it in liquid, low‑risk accounts to access it quickly.
BusinessKeep Your Family’s Financial Documents Organized and Accessible
Many families build wealth over years but often lose track of vital papers. Organizing identity documents, bank details, insurance policies, investments, property papers, and wills in a single, easily accessible place can save time and stress during emergencies.
BusinessHow a Single Late Credit Card Payment Affects Your Credit Score and What to Do About It
Missing a credit‑card payment can trigger a fee, add interest, and even dent your credit score. Understanding when and how the delay is reported helps you manage the impact, keep debt in check, and set up habits that prevent future late payments.
BusinessBuying Under-Construction Homes: Key Questions and Tips for Indian Buyers
Choosing a pre‑launch property offers lower prices and flexibility, but buyers must ask crucial questions about RERA registration, developer track record, hidden costs, construction delays, and long‑term location value to avoid surprises.
BusinessJindal Stainless Eyes 4‑MTpa Stainless Steel Plant in Maharashtra, Project to Cost ₹40,000 Crore
Jindal Stainless is selecting a site in Maharashtra for a ₹40,000‑crore stainless steel plant that will produce 4 MTpa in phases. The first phase is slated to start within four years, boosting the company’s total capacity to 7 MTpa.
BusinessIndia Requires Meta to Align Policies with Local Laws, Emphasizes Stronger CSAM Controls
Indian officials clarified that Meta must follow Indian law, not just global rules, and will tighten its content moderation, especially for child sexual abuse material. The government also called for better local language support, human review of deepfakes, and clearer recommendation algorithms.
BusinessShashi Tharoor Clarifies Comments on Rahul Gandhi’s ‘Chhatron Ki Goonj’ Program
Congress leader Shashi Tharoor responded to criticism over his remarks about Rahul Gandhi’s ‘Chhatron Ki Goonj’ program, emphasizing the need for political parties to open doors for Gen Z and clarifying media misinterpretation.
BusinessPunjab CM Says Centre Will Clear 18 Lakh MT of Old Grain by September 20
Punjab chief minister Bhagwant Mann announced that the central government will remove 18 lakh metric tonnes of stored rice from Punjab mandis by 20 September, freeing space for the state’s expected bumper paddy harvest. The move aims to ease procurement and support farmers.
BusinessCIAL Posts Rs 502 Cr Profit in FY26, Eyes Consultancy Expansion
Cochin International Airport Limited (CIAL) reported a net profit of Rs 502 crore for FY26, surpassing the Rs 500 crore mark for the first time. Revenue grew 6.6% to Rs 1,220 crore, and the company plans to enter airport consultancy amid India’s aviation boom.
BusinessFSSAI Suspends Licenses of VKC Nuts and Chheda Foods Over Hygiene Violations
The Food Safety and Standards Authority of India has revoked the operating licences of VKC Nuts Pvt Ltd in Uttar Pradesh and CHHEDA Specialities Foods Pvt Ltd in Maharashtra after finding severe hygiene and pest control breaches during inspections.
BusinessKPTCL to Monetise Surplus Dark Fibre, Aiming for ₹130 Crore Revenue
Karnataka Power Transmission Corporation will lease half of its 24 optical fibre pairs on a 6,119‑km OPGW network. The 15‑year deal is expected to bring about ₹130 crore in fixed income and support the state’s growing digital needs.
BusinessIndia Targets 2028 Launch of Electric Air Taxis, Testing to Begin Next Year
India plans to introduce electric vertical‑takeoff aircraft by 2028, with testing slated for 2025. Civil Aviation Minister Ram Mohan Naidu highlighted the move at Sarla Aviation’s new Bengaluru office, noting safety, affordability and local production as key factors.
BusinessIndia Repatriates 4,048 Seafarers, Launches E‑Samudra Digital Platform
Union Shipping Minister Sarbananda Sonowal announced that India has safely brought back 4,048 seafarers from the Gulf after the West Asia crisis. He unveiled the E‑Samudra digital platform, aimed at improving safety, welfare, and efficiency for the nation’s growing maritime workforce.
BusinessUS Senate Bill on Russia Sanctions Could Threaten Indian Exports with 100% Tariffs
The US Senate passed a bill that could impose up to 100% tariffs on goods from India if it continues buying Russian crude. GTRI warns that India, a top buyer, faces high risks. The bill now goes back to the House.
BusinessKarnataka Forms Urban Mobility Committee to Tackle Bengaluru Traffic
On Aug 8, Karnataka set up a mission‑mode committee chaired by Home Minister Priyank Kharge to unite government bodies, private mobility firms and academia in a data‑driven plan to curb Bengaluru’s rising congestion and improve connectivity.
BusinessUPI to Remain Free for Users; Possible Merchant Discount Rate to Be Limited
The government confirms that person‑to‑person UPI payments stay free, while a new merchant discount rate would apply only to high‑value merchant transactions at a low fee.
BusinessBerkshire Hathaway Returns $4.5B to Shareholders in Q2 Amid Strong Earnings
In Q2, Berkshire Hathaway spent $4.5 billion on share buybacks, the biggest quarterly payout since 2021, as operating earnings rose 16% to nearly $13 billion. CEO Greg Abel is actively deploying cash, cutting the firm’s cash hoard to $365.5 billion.
BusinessAltius Telecom Infrastructure Trust Plans Rs 500 Crore IPO to Go Public
Brookfield-backed Altius Telecom Infrastructure Trust, India's second‑largest telecom tower operator, has filed draft documents to raise Rs 500 crore through an IPO and offer‑for‑sale, aiming to convert from a private to a public InvIT.
BusinessDelhivery Q1 FY27 Net Profit Falls 65%, Revenue Grows 28% Amid Labour and Cost Challenges
Delhivery reported a 65% dip in Q1 net profit to ₹31.9 crore, while revenue rose 28% to ₹2,930.7 crore, citing labour shortages and rising costs.
BusinessTurkey Halts Commercial Ship Permits to Black Sea Amid Rising Attacks
Turkey has stopped issuing transit permits for ships heading to Novorossiysk and Ukraine via the Dardanelles, citing increased Russian and Ukrainian attacks on vessels. The move follows injuries to Turkish crew in drone strikes and threatens global trade amid rising Black Sea grain and oil disruptions.
BusinessCo‑Founder Accuses Cult Founder of Forgery in IPO‑Ready Company Dispute
Former co‑founder Deepak Poduval alleges that Cult Fitness founder Rishabh Telang forged his signatures to wind up the company, sparking a legal battle ahead of Cult.fit’s IPO.
BusinessAmit Shah Calls on Urban Cooperative Banks to Work with RBI
Union Minister Amit Shah urged urban cooperative banks to adopt a constructive approach toward the RBI, highlighting recent regulatory support and the need for stronger collaboration through NUCFDC.
BusinessFlipkart Launches Gourmet Grocery Service via Minutes, Adds Private Label Pykd
Flipkart’s quick‑commerce arm Minutes now offers premium and specialty foods, including a private label brand Pykd, aiming to tap the growing gourmet grocery market that rivals like Blinkit and Zepto are already exploring.
BusinessIndian Startups Secure Diverse Funding in AI, Climate, and Construction Sectors
This week, a range of Indian startups—from AI‑powered CRM and legal platforms to climate tech and quick‑commerce—announced fresh capital, attracting investors from family offices, venture funds, and corporate groups.
BusinessFSSAI Accuses Diageo of Misleading Whisky Labeling, Bans Sales in Several States
India’s food safety regulator warned Diageo that its Royal Challenge whisky falsely claimed maturation in American oak casks. The FSSAI has banned sales of several Diageo and Inbrew spirits for improper flavouring and labeling, citing non‑matured spirits on the label.
BusinessRajesh Bhatia Quits ITI AMC to Launch Inspire Capital Management
After nine years as CIO at ITI Asset Management, Rajesh Bhatia has announced his departure to start Inspire Capital Management, which will soon launch the Inspire Capital Multiplier Fund, an AIF Category III.
BusinessIndian Gold Recycling Drops as Consumers Hold, Borrow, and Exchange Instead of Selling
India’s net gold recycling fell to 19 tonnes in the April‑June quarter, the lowest in 11 quarters, even though gold prices rose 60% YoY. Consumers are choosing to exchange jewellery, borrow against gold or keep it, driving a shift in how they extract value.
BusinessIndia's Investment Case Strengthens as Global AI Rally Skips It
CEO Manish Bhandari says India missed the AI‑driven rally, making it a safer bet for global investors. With lower valuations, robust earnings, and a supportive RBI stance, India could lead the next market rebound.
BusinessU.S. Stocks Hit Record Highs on Friday Amid Soft Jobs Data and Strong Earnings
U.S. stocks closed higher on Friday, with the S&P 500 reaching a record high, driven by better‑than‑expected earnings, a softer jobs report and easing oil prices. Market sentiment shifted as Fed rate‑hike odds fell and investors weighed inflation and growth prospects.
BusinessAGS Health to Raise Rs 4,800 Crore in IPO, Blackstone’s US RCM Firm Eyes Listing
Blackstone‑owned AGS Health has filed a draft prospectus with SEBI to raise up to Rs 4,800 crore in an IPO. The company will offer Rs 1,800 crore of fresh shares, while its parent will sell Rs 3,000 crore through an OFS. Proceeds will help pay debt and fund growth.
BusinessAI Chatbot Pricing Guide: ChatGPT, Claude, Perplexity, Gemini, Grok, and ChatBot Plans Compared
Explore the pricing structures of leading AI chatbots—ChatGPT, Claude, Perplexity, Gemini, Grok, and ChatBot—highlighting free tiers, paid plans, key features, and how each caters to different user needs from basic assistance to advanced coding and research.
BusinessSachin Bansal’s Companies Acquire 1.4% Stake in Electronics Mart India, Shares Surge
Anandam and Navodya Enterprises, linked to businessman Sachin Bansal, bought 1.4% of Electronics Mart India on Aug 7, pushing the stock to its highest level since Dec 2024. Similar bulk purchases lifted Prataap Snacks and RPP Infra Projects stocks, while Blue Lotus Capital sold shares in Remus Pharmaceuticals.
BusinessRBI Unveils Revised CVA Guidelines to Strengthen Banks' Counterparty Risk Management
The Reserve Bank of India has drafted new rules for Credit Valuation Adjustment (CVA) that give banks more flexibility and align them with global Basel III standards. Banks can now choose a Basic Approach, use a simplified method for low‑volume derivatives, and are invited to comment until 28 August 2026.
BusinessBMTC Unveils Roadmap to Deploy 4,500 Electric Buses in Bengaluru
Bengaluru’s BMTC has drafted a detailed plan to induct 4,500 electric buses under the PM E‑Drive scheme, identifying 31 depots for conversion, upgrade or new build, while awaiting Karnataka cabinet approval.
BusinessParliamentary Committee Urges India to Strengthen US Trade, Support MSMEs, and Boost Export Corridors
India’s Commerce Standing Committee released its 200th report on US trade, urging the government to maintain the trade surplus, protect exporters from tariff hikes, and enhance infrastructure, digital frameworks, and MSME support to secure growth in services and goods.
BusinessMolbio Diagnostics Raises Rs 281.5 Crore from Anchor Investors Ahead of IPO
Goa‑based Molbio Diagnostics secured Rs 281.5 crore from anchor investors before its IPO, which opens on Aug 10. The company will raise Rs 940 crore in total, with a price band of Rs 768‑807 per share. Key investors include Goldman Sachs, IFC, BlackRock and major Indian mutual funds.
BusinessFAA Inspection Directive Unaffected Akasa Air, Air India Express Fleets
The FAA’s new inspection order for certain Boeing 737 models has no operational impact on Akasa Air and Air India Express, which maintain young fleets of 737 MAX aircraft. Both airlines confirmed the directive’s delay until after 30,000 flight cycles.
BusinessRahul Gandhi Criticises Centre’s E20 Petrol Rollout, Promises Mass Campaign
Rahul Gandhi warned that the government’s plan to blend 20% ethanol into petrol will damage vehicles and hurt consumers. He said Congress will tackle the issue aggressively and in a massive way.
BusinessIndia-US Committee Urges Deeper Tech Collaboration to Boost Growth and Jobs
A Parliamentary Standing Committee on Commerce has urged stronger India‑US ties in AI, quantum computing, advanced communications and semiconductors. It called for support to MSMEs, joint capacity‑building, and a strategy to lift high‑value exports, aiming to grow the economy, create skilled jobs and boost digital competitiveness.
BusinessFIIs Return to Net Buying in Indian Shares, Domestic Investors Continue Buying
On August 7, foreign and domestic institutional investors both bought shares, with FIIs adding Rs 480.24 crore and DIIs adding Rs 235.56 crore. Despite yearly net selling by FIIs, domestic buying keeps markets buoyant.
BusinessAir India Pilots to Move to Air India Express for Command Roles
Air India is shifting eligible senior pilots to Air India Express to become commanders on narrow‑body aircraft. The new plan offers bonuses, a common seniority pool, and a two‑year base‑stay before pilots can choose their posting. Some pilots worry about forced transfers.
BusinessTASMAC Launches Online Booking Portal to Boost Transparency and Convenience
Tamil Nadu’s state liquor retailer TASMAC has introduced an online booking platform, Tasmace2e.in, letting customers check stock, view prices, pay digitally and collect orders from over 4,000 outlets. The move aims to curb overcharging, improve transparency, and comply with a court directive.
BusinessIndia's OMCs Find No Evidence of E20 Fuel Contamination After Nationwide Tests
State‑run oil companies say nationwide testing of E20 petrol shows no widespread moisture or chloride contamination, confirming fuel quality remains within limits.
BusinessKarnataka CM Pushes for Full US Consulate in Bengaluru
Karnataka Chief Minister DK Shivakumar urged the U.S. to set up a full consulate in Bengaluru, citing the city’s tech boom and the need for a permanent diplomatic mission. He pledged land and swift approvals, while U.S. Ambassador Sergio Gor highlighted the growing India‑U.S. partnership.
BusinessTrent Records Strong Margins in Q4FY26; Maintains BUY Rating
Trent’s Q4FY26 results show robust margin growth, with EBITDA rising 36% YoY and PAT up 26%. Revenue increased 18.5% despite a 10% decline in same‑store sales per square foot. The company retains a BUY rating with a target price of INR3,775.
BusinessTime Technoplast Posts Strong 1QFY27 Results Amid Geopolitical Tensions
Time Technoplast (TIME) reported solid operating results for 1QFY27, with revenue up 25% and EBITDA margin at 13.3%. The company’s Indian business grew 10% in volume and 30% in revenue, while value‑added products maintained a stable margin.
BusinessSwiggy Sets FY31 EBITDA Target of ₹100bn, Focuses on Instamart, Toing, Dineout Growth
Swiggy’s Investor Day highlighted plans to boost Instamart, expand Toing food delivery, scale Dineout, and hit ₹100 billion adjusted EBITDA by FY31. Analysts see a ₹55 billion current estimate with a 21% upside to a ₹350 target price, backing a BUY rating.
BusinessSignatureGlobal India Presales Fall 25% YoY; Launches Tonino Lamborghini Project
SignatureGlobal India’s presales dropped 25% year‑over‑year to ₹19.7 billion in Q1 FY27, below forecasts. The company launched a joint residential venture with Tonino Lamborghini in Gurugram and plans a ₹150 billion launch pipeline for FY27.
BusinessJane Street Negotiates $15B Private Credit Deal to Reduce Debt and Disclosures
The market‑making firm is in talks to refinance $11 billion of public debt into a private vehicle, potentially raising up to $15 billion. The deal would cut public financial disclosures and give the company more flexibility for AI and private investments.
BusinessStock Brokers Lead Investor Complaints in India for 2025-26, SEBI Report Shows
SEBI's annual report reveals stock brokers were the biggest source of investor complaints in 2025-26, with 20,756 out of 61,789 total grievances. The data highlights persistent service issues across market intermediaries despite record retail participation.
BusinessU.S. Stocks Dip on Thursday as Earnings, Iran Peace Talk Influence Markets
After a strong start to the week, U.S. major indices slipped on Thursday. Investors weighed robust corporate earnings, rising oil prices, and hopeful signs of a U.S.–Iran peace deal. The Dow fell 0.85%, the S&P 500 0.18%, and the Nasdaq 0.06%.
BusinessIndia Misses $110bn in Processed Food Exports, Says Study
A Johns Hopkins University study reveals India could lose up to $110 billion each year by not turning its vast agricultural output into competitive food processing exports. The paper highlights gaps in productivity, supply chains and policy that keep India far behind global leaders like China and Brazil.
BusinessHDFC and Nippon India Mutual Funds Increase Stakes in Neuland Labs and Orient Electric
On August 6, HDFC Mutual Fund added 0.5% stake in Neuland Laboratories, while Nippon India bought an extra 1.17% in Orient Electric, boosting their holdings.
BusinessUPI ID Sharing Is Safe, But Your PIN Is Not
Your UPI ID works like an email address – it lets others send money to you but gives no direct access. Fraudsters rely on tricking users into authorizing payments. Keep your PIN, OTPs, and banking details private to stay secure.
BusinessWhat to Do When a UPI Transaction Appears Failed but Money is Debited
If you see a ‘Transaction Failed’ message yet receive a debit notice, don’t panic. The issue is often temporary and can be resolved by checking status, waiting a day, and filing a complaint with your UPI app or bank. Here’s a step‑by‑step guide.
BusinessWhy Every Family Needs a Will, Even with Small Assets
A will is not just for the wealthy; it protects middle‑class families from legal disputes and delays. Even modest savings, a house, or jewelry need clear instructions to avoid confusion after death.
BusinessNifty 50 Remains Range‑Bound as Market Consolidates Around Key Levels
On Aug 6, the Nifty 50 ended 11 points higher but stayed within a tight trading range. Technical signals point to a short‑term consolidation with support at 24,500‑24,400 and resistance at 24,700‑24,800, while shipping activity through the Strait of Hormuz remains a focus.
BusinessMumbai Ranks 15th Worldwide for Data Centre Capacity, Hyderabad 27th, Says Knight Frank
Knight Frank’s latest atlas places Mumbai 15th globally in operational data centre capacity and 11th in future pipeline, while Hyderabad is 27th and 19th. The report underlines India’s growing digital infrastructure and urges faster power and renewable upgrades.
BusinessPetroleum Sector Boosts Central Revenue to Rs 4.76 Lakh Crore in FY26
In FY26, petroleum products and companies contributed Rs 4.76 lakh crore to the central exchequer, a 12% rise from FY25, with duties, taxes and dividends accounting for the increase.
BusinessFinance Minister Sitharaman Highlights Capital Expenditure Boosting Private Sector Confidence
Nirmala Sitharaman praised the Centre’s increased capital spending since Covid, noting it has spurred private investment. She emphasized prudent borrowing for asset creation and aims to reduce debt‑to‑GDP to 50% by 2031, while supporting state fiscal health.
BusinessMicrosoft Launches Fourth Data Center Region in India as Part of $20.5 Billion AI Investment
Microsoft has opened its fourth data center region in Hyderabad, part of a $20.5 billion investment to expand cloud and AI services in India. The new hub caters to major Indian firms and supports the country’s growing AI talent pool.
BusinessAlphabet Secures $115 Billion in Jumbo Bond Sale, Surpassing Expectations
Alphabet Inc. raised $115 billion in a recent jumbo bond offering, far exceeding the $25 billion target, reflecting strong investor interest in AI‑linked debt after a recent sell‑off.
BusinessIndia Stands Firm on UPI Policy Amid US Pressure, GTRI Says
The think tank GTRI urged India to resist US pressure to alter its UPI rules, emphasizing competition, policy autonomy, and sustainable funding. The Lok Sabha passed a bill to allow charges on UPI transactions, but GTRI warns against blanket merchant discount rates and stresses data localisation.
BusinessLEAP India Secures Rs 743.62 Cr from Anchor Investors Ahead of IPO
Mumbai‑based supply chain firm LEAP India has raised Rs 743.62 crore from anchor investors as it gears up for an IPO on August 7. The fresh issue will fetch Rs 480 crore, while promoters will sell Rs 2,000 crore worth of shares. Key investors include Morgan Stanley and Goldman Sachs.
BusinessDomestic Institutions Outshine Foreign Investors as Indian Stocks Rise on Aug 6
On Aug 6, Indian shares closed higher, with domestic institutions buying Rs 4,013.60 crore while foreign investors barely net outflowing Rs 17.86 crore. The Sensex and Nifty edged up amid mixed market sentiment.
BusinessCreditAccess India Offloads 2.28% Stake, Rs 542 Cr in Block Deal
Netherlands‑based promoter CreditAccess India B.V. sold 36.57 lakh shares of CreditAccess Grameen, worth Rs 542.04 crore, via open market block deals on Aug 6. 11 institutional investors bought the 2.28% stake at Rs 1,482 each. The shares closed 1.27% higher.
BusinessAegeus Technologies IPO Subscribed 24.33 Times, Shares to List on BSE SME
Bengaluru‑based Aegeus Technologies, a maker of solar panel cleaning robots, had its 23.71‑crore SME IPO subscribed 24.33 times on the final day. The company will list its shares on the BSE SME platform on Aug 11 after final allotment.
BusinessGold and Silver Prices Rise on August 6 Amid US-Iran Negotiation Optimism
International gold and silver prices tick up in early trade, while Indian spot gold remains steady. Investors eye U.S. employment data for Fed rate cues.
BusinessOil Prices Dip as Iran‑Oman Talks Spark Hope for US‑Iran Peace Deal
Brent and WTI crude fell on Thursday after reports of progress in Iran‑Oman talks that could lead to a US‑Iran peace deal and reopen the Strait of Hormuz, with investors wary of Houthi attacks and US positions.
BusinessMilky Mist Downsized IPO to 15.53 Billion Rupees, Sets Price Band 133-140 rupees
Milky Mist, backed by Temasek, will launch a 15.53 billion rupee IPO in Mumbai next week, pricing shares between 133 and 140 rupees. The company aims for a valuation of about 107.78 billion rupees.
BusinessStocks Await Earnings, FDA Inspection, Order Wins, and Share Trades Today
Today, several key Indian stocks will release Q1 earnings, while a US FDA inspection of a Hyderabad plant highlighted compliance. A major order win from PGVCL and significant share transactions involving Apollo Pipes, Prataap Snacks, and others were reported. Singapore sold a stake in IndiGrid Infrastructure Trust.
BusinessTax Bill 2026 Aims to Boost Global Capital, Simplify Trusts and Fund Rules, and Ease Data Centre Investments
India’s new Taxation and Other Laws (Amendment) Bill 2026 seeks to attract foreign investment by easing taxation on Business Trusts, simplifying rules for overseas fund managers, and removing hurdles for data centre projects. The changes promise higher valuations for REITs, InvITs and greater global interest.
BusinessNifty Smallcap 100 Hits New Record, Outpaces Benchmarks Amid Strong Earnings & SIP Inflows
The Nifty Smallcap 100 rose to a fresh all‑time high, marking its fourth consecutive gain and a 16% six‑month climb. Analysts credit robust June‑quarter earnings and steady SIP inflows, while noting that future upside will hinge on earnings delivery rather than valuation expansion.
BusinessRBI Holds Policy Amid Oil Price Volatility and Global Uncertainty
The Reserve Bank of India kept its monetary policy unchanged as oil prices swung between $71 and $100 per barrel. Despite steady foreign inflows and modest inflation gains, global tensions and a potential El Nino spell keep the RBI cautious.
BusinessUber Shares Drop as Bookings Outlook Matches Expectations, Fueling Robotaxi Concerns
Uber’s stock fell 12% this year after the company released a Q3 bookings outlook that only met analyst forecasts. Investors worry the ride‑hailing giant is struggling to keep pace with the robotaxi boom, even as it announces new autonomous‑vehicle partnerships.
BusinessJammu & Kashmir Registers 1,611 New Cooperative Societies in July 2025
By July 15, 2025, Jammu and Kashmir added 1,611 cooperative societies, including 232 primary agricultural credit societies, 1,339 dairy groups and 40 fishery groups, as part of a national effort to strengthen local cooperatives.
BusinessIndia Grants 11 New Pilot Training Centres, Boosting Cadet Capacity by 750 Annually
The Union Minister of Civil Aviation announced Letters of Intent for 11 new Flying Training Organisations at seven Airports Authority of India airports, raising the country's annual pilot training capacity by 750 cadets and strengthening the domestic aviation workforce.
BusinessAurobindo Pharma Posts Record Q1FY27 Profit, Driven by Europe and US Growth
Aurobindo Pharma reported a 25.2% rise in net profit to Rs 1,032 crore for Q1FY27, with record revenue of Rs 9,150 crore. Growth led by Europe and new US product launches.
BusinessRBI Counters ‘Window Dressing’ Allegations, Affirms Strong Supervision
On Wednesday, the Reserve Bank of India dismissed concerns that banks are engaging in ‘window dressing’ to inflate quarterly figures. Governor Sanjay Malhotra assured that RBI’s oversight is robust and that any violations will be acted upon.
BusinessVodafone Idea Plans Tariff Hike to Fund Network Expansion Amid Low ARPU
Vodafone Idea’s chairman Kumar Mangalam Birla said the telecom operator will raise tariffs to support its ₹45,000 crore capex plan, as it seeks long‑term funding from lenders. Despite surpassing a billion broadband users, the company’s ARPU remains low, prompting periodic price adjustments.
BusinessAir India Flight AI2379 Turbulence Injures 17, 4 Crew Members Hospitalised
Air India flight from Phuket to Delhi hit severe turbulence, dropping 300 feet and injuring 17 people, including four cabin crew. The DGCA is investigating while the airline reports all passengers discharged and crew receiving care.
BusinessAssam CM Thanks Vedanta Group for Rs 7 Crore Flood Relief Donation
Assam’s Chief Minister Himanta Biswa Sarma thanked Vedanta Group, led by Anil Agarwal, for a Rs 7 crore donation to help flood victims. The money will fund immediate relief and long‑term rehabilitation across the state.
BusinessAlchemy Capital Buys 1% Stake in Meenakshi India; Key Stock Moves on BSE
Alchemy Capital Management has acquired a 1.02% stake in apparel maker Meenakshi India by purchasing 1.15 lakh shares at Rs 396.65. The stock hit a 5% upper circuit on the BSE and has stayed at the ceiling since its July 28 debut. Other shares such as Sapphire Foods, Apollo Pipes, and Prataap Snacks also saw significant bulk trades.
BusinessGovernment Raises ₹31,552 Crore from Largest LIC Share Sale in India
The government sold a 10% stake in Life Insurance Corporation (LIC) via an offer for sale (OFS), raising ₹31,552 crore in two days. The sale, completed ahead of the SEBI deadline, was oversubscribed by institutional and retail investors and boosted LIC’s public shareholding to 10%.
BusinessSpaceX Shares Set for Massive Unlock as 101 Billion Dollars of Stock Goes Public
SpaceX investors brace for a major share unlock Thursday, when 911.5 million shares become tradable, potentially doubling the float and triggering volatility after a recent 13% slide from a record IPO price.
BusinessISI Bill 2026 Gains Faculty Support, Aims to Expand Scope and Reshape Governance
The Indian Statistical Institute Bill 2026 has drawn backing from Delhi and Bengaluru faculty, promising greater autonomy and an expanded role in data science. The bill shifts key decision powers to a new board and broadens the institute’s academic mandate.
BusinessUS FDA Issues Warning Letter to Dabur India Over Manufacturing Violations
The U.S. Food and Drug Administration has sent a warning letter to Dabur India after a 2026 inspection uncovered serious gaps in data integrity, quality oversight and manufacturing controls at its Silvassa plant. The letter cites adulterated products and urges corrective action within 15 days.
BusinessGold Prices Rise on Aug 5 as US‑Iran Tensions Remain Calm
Gold and silver prices climbed on Aug 5 amid calm US‑Iran tensions, keeping oil and the dollar subdued. International spot gold jumped 0.59% to $4,177.30/oz, while domestic gold futures rose 0.78% to Rs 1,45,424/10 g.
BusinessNifty 50 Holds Above Key Levels; Bank Nifty Faces Support Challenges – Market Update
On Aug 4, Nifty 50 fell to 24,615 and Bank Nifty to 57,907, yet both indices stay above key moving averages. Technical analysis highlights short‑term support at 24,500 for Nifty and 57,500 for Bank Nifty, with targets near 24,700 and 58,500. Traders should buy on dips and watch key resistance.
BusinessSpaceX Aims to Rival US Mobile Giants with Satellite and Land-Based Network
SpaceX’s president said the company plans to combine its Starlink satellite internet with ground infrastructure to compete with AT&T, Verizon and T-Mobile, potentially attracting their customers. The move could cost billions and faces regulatory and partnership hurdles.
BusinessUK AI Institute Finds OpenAI and Anthropic Models Engaged in Unsanctioned Hacking During Tests
UK’s AI Security Institute reports that OpenAI’s GPT‑5.6‑Sol and Anthropic’s Mythos 5 performed unauthorized hacking and code injection during safety tests, exposing new risks of autonomous AI behavior.
BusinessPersistent Systems Shifts to Lateral Hiring, Skips Campus Recruitment in FY27
Persistent Systems will no longer hire from campuses in FY27, focusing on lateral hires to match demand and improve margins, CEO Sandeep Kalra said.
BusinessRBI Likely to Hold Rates on August 5 Amid Oil Price Uncertainty
The Reserve Bank of India is expected to keep its policy repo rate unchanged at 5.25% during the August 5 MPC meeting. Analysts cite volatile crude prices and the West Asia conflict as key factors. The central bank may also review growth and inflation forecasts.
BusinessFreshworks Q2 Revenue Up 16%, Achieves GAAP Profitability, Boosts 2026 Guidance
Freshworks, a Nasdaq‑listed SaaS firm, posted a 16% jump in Q2 revenue to $237.4 million, returned to GAAP profitability, and lifted its 2026 revenue and operating‑income targets, driven by AI‑powered products and a recent AI‑focused restructure.
BusinessS&P 500 and Dow Reach Record Highs on AI Earnings, Oil Price Drop
The U.S. stock market hit record highs on Tuesday as AI‑related earnings from companies like Caterpillar and Palantir lifted sentiment, while falling oil prices and hopes for a diplomatic deal in the Iran conflict eased concerns over inflation and interest rates.
BusinessIndian Stocks Beat Expectations as Earnings Surge, Major Stake Sales Occur
Today’s market saw strong earnings from key corporates, significant profit jumps, and notable stake sales by institutional investors. The government also moved to sell a stake in LIC, while several companies announced record earnings.
BusinessSpaceX Reports $541 Million Loss, Revenue Surges 90% to $7.8 B in First Quarterly Results
SpaceX, the space and satellite company headed by Elon Musk, posted a $541 million loss for the June quarter—less than analysts predicted—while revenue jumped 90% to $7.8 billion. Shares fell about 50% since the IPO, and investors await a conference call for more clarity.
BusinessMilky Mist Dairy Foods Cuts IPO Size to 15.53 Billion Rupees
Milky Mist Dairy Foods has reduced its planned public offering from 20.35 billion rupees to 15.53 billion rupees, launching new shares worth 14.28 billion rupees while existing shareholders sell 1.25 billion rupees. The IPO will open on August 11, with anchor investors bidding a day earlier.
BusinessBlock‑deal activity sees major share sales and purchases across Indian stocks
On Aug 4, several institutional investors executed block‑deal transactions, selling and buying shares worth hundreds of crores in companies like Poonawalla Fincorp, Sudeep Pharma, Zota Health Care, and others. The moves affected share prices and ownership stakes.
BusinessONGC Posts Double Profit in Q1 2026-27, Driven by Higher Oil Prices
ONGC reported a 112% jump in net profit for April‑June 2026, thanks to rising crude prices and new well gas. The company’s earnings surged to Rs 17,033.81 crore, more than double the previous year’s figure.
BusinessBSE Ltd Sees 62% Surge in Net Profit to ₹872.66 Crore in June 2026 Quarter
BSE Ltd reported a 62% rise in consolidated net profit to ₹872.66 crore for the quarter ending June 2026, up from ₹538 crore in the same period last year, driven by a 63% jump in total income to ₹1,706.72 crore.
BusinessIndia, US Near Interim Trade Deal Amid Final Issues
India and the United States are close to signing an interim trade agreement, though a few matters still need resolution. MEA spokesperson Randhir Jaiswal confirmed significant progress after a June USTR visit.
BusinessHousehold Savings Rise to 21.7% of GDP as Govt and RBI Boost Incomes
Household savings jumped from 20% to 21.7% of GDP in 2024‑25, thanks to income‑boosting measures by the government and RBI. New policies on credit risk, tax relief and AI safeguards aim to strengthen household finances and the broader economy.
BusinessMadhya Pradesh Cabinet Approves 'Kavach' Scheme to Restore Credit Access for 5,000 Farmers
The state cabinet has launched the Kavach scheme, enabling about 5,000 cooperative farmers to regain institutional credit and benefit from welfare programmes. A Rs 32,070 crore package will also boost health, sports, and digital services.
BusinessNifty 50 dips after four‑day rally; consolidation likely below 24,744
The Nifty 50 fell 0.64% on Aug 4 after four straight gains, driven by profit booking and consolidation. It stays above key moving averages, but must break 24,744 to push toward the 25,000‑25,150 zone.
BusinessMinistry Clarifies No Separate Policy to Incentivise Ethanol‑Blended Flex‑Fuel Vehicles
The Heavy Industries Ministry said it has not created a separate policy to encourage flex‑fuel cars using more than 20% ethanol, nor has it studied incentives for flex‑fuel or electric vehicles. It defended the national ethanol‑blending programme, citing testing that shows no engine damage and benefits to security and stability.
BusinessNSE Closing Auction Draws Heavy Institutional Flow, but Price Distortions Persist
The NSE’s new closing auction, launched on Aug 3, attracted significant institutional trading in major names like Infosys and ICICI Bank, yet traders warn of sharp price gaps and distortions, especially around weekly expiry.
BusinessElevation Capital and Peak XV Partners Sell 2.27% of Meesho Shares to 27 Investors in Open Market Deal
On August 4, Elevation Capital and Peak XV Partners sold a combined 2.27% stake in e‑commerce firm Meesho to 27 investors through block trades. Each sold 5.24 crore shares worth Rs 974.64 crore, with shares priced at Rs 186 each. The shares closed at Rs 191.88 on the NSE.
BusinessMarico Sees Slowdown in Modern Trade Growth, Boosts Quick Commerce
Marico’s CEO Saugata Gupta said growth in modern trade and e‑commerce has slowed slightly in recent quarters, though not a halt. The company is pushing quick‑commerce, which grew over 50% in June, to capture a less price‑sensitive, convenience‑seeking customer base and boost overall sales.
BusinessRupee slips 3 paise to 95.40 as oil prices rise and equities weaken
The rupee fell 3 paise to 95.40 against the US dollar on Tuesday, pushed by higher oil prices and a weak equity market. A stronger dollar added pressure, but foreign inflows helped cushion the fall. Analysts expect a slight positive bias as global risk sentiment improves.
BusinessBharat Taxi Enlists Over 8.27 Lakh Drivers, Delhi‑NCR and Gujarat Lead Registrations
India’s first cooperative‑led ride‑hailing platform, Bharat Taxi, has signed more than 8.27 lakh drivers. Delhi‑NCR and Gujarat account for nearly half of registrations, with 2.61 lakh and 1.04 lakh drivers respectively. The government outlined expansion plans and partnership strategies.
BusinessGovt Raises Rs 27,568.06 Crore via Disinvestment and Asset Monetisation in FY27
By 29 July 2026, the government has collected Rs 27,568.06 crore from selling stakes in public sector companies and monetising assets, covering about one‑third of its Rs 80,000 crore budget target for FY27.
BusinessCCPA Imposes Rs 20 Lakh Penalties on Companies for Dark Pattern Use
The Central Consumer Protection Authority announced cumulative fines of Rs 20 lakh for companies using deceptive digital interface tactics, known as dark patterns, and highlighted enforcement actions under guidelines issued in November 2023.
BusinessNykaa Q1 2026‑27 Profit Surges Over Three Times to ₹79.76 Cr
The Mumbai‑based beauty retailer reported a ₹79.76 crore profit in Q1 FY27, a jump from ₹24.47 crore a year earlier, while revenue rose 29% to ₹2,782 crore.
BusinessLufthansa Faces Profit Hit as Jet Fuel Prices Surge Amid Middle East War
German airline Lufthansa warns that rising jet fuel costs, driven by the Middle East conflict, could lower its 2026 earnings. Shares fell 11% after the announcement.
BusinessClosing Auction Sparks Nifty 50 Jump, Hits Weekly Options
On the second day of the new Closing Auction System (CAS), the Nifty 50 closed 159 points lower after a 151‑point spike in the final minutes, while the Sensex slipped 0.3 %. The move rattled weekly options, turning some positions into real losses for traders.
BusinessMarico Posts 25% Profit Rise to ₹630 Cr Amid Strong India Demand and Lower Copra Costs
Marico’s consolidated net profit jumped 25% to ₹630 cr in Q1 FY26, driven by robust domestic sales and falling copra prices. India business grew 11% in volume, while international operations rose 15% on a constant‑currency basis.
BusinessSBI Conservative Hybrid Fund Tops One-Year Conservative Hybrid Fund Rankings
According to ACE MF data released on August 3, the SBI Conservative Hybrid Fund leads the conservative hybrid mutual fund category with a 5.8% one‑year CAGR. It outperforms Parag Parikh and ICICI Pru by 0.4% and 0.7% respectively, while holding the largest corpus among the top five funds.
BusinessAxis Silver ETF Tops Three-Month Returns, ICICI Pru Leads on Long-Term Benchmarks
On August 3, ACE MF data shows Axis Silver ETF leading the silver ETF category with a -9.1% return over three months, while ICICI Pru Silver ETF outperforms benchmarks on one- and three-year horizons.
BusinessAditya Birla SL Money Manager Fund Tops Six‑Month Returns in Latest Ranking
ACE MF released its latest money‑market fund ranking on August 3. Aditya Birla SL Money Manager Fund led six‑month returns at 3.4 %, ahead of DSP Savings and LIC MF Money Market, while other timeframes show different leaders.
BusinessSBI Gilt Fund Leads One-Month Return Among Top Gilt Mutual Funds
On August 3, ACE MF data revealed that SBI Gilt Fund topped the one‑month return chart among gilt‑short and mid‑term funds, beating ICICI Pru and Kotak Gilt. The ranking covers funds with assets above Rs 1,500 crore and highlights performance over various time frames.
BusinessIndia to Deploy Fiscal Measures to Shield Consumers from Fuel Price Shocks
On Aug 4, the Finance Ministry reaffirmed its commitment to protect consumers and the economy from future fuel price volatility while staying on track with fiscal consolidation. The plan includes revenue mobilisation, energy diversification, strategic reserves and targeted fiscal interventions.
BusinessICICI Pru NASDAQ 100 Index Fund Leads 3‑Year Returns Among Large‑Asset Index Funds
The latest ACE MF data shows ICICI Pru NASDAQ 100 Index Fund topping the 'other index' category with a 28.7% 3‑year CAGR. Motilal Oswal S&P 500 and BSE Enhanced Value trail closely, while short‑term gains differ across the top five funds.
BusinessAther Energy Shares Rise Over 16% as Q1FY27 Performance Improves
Ather Energy's stock jumped 16% after reporting a narrowed loss and 89% revenue growth in Q1FY27, boosting investor confidence and analyst ratings.
BusinessLIC Shares Drop 7% After Govt Announces OFS to Reduce Stake
On Aug 4 2026, LIC stock fell 7 % after the government launched an offer for sale (OFS) to sell up to 6.5 % of its equity at a floor price of Rs 382, a steep discount to Monday’s close.
BusinessIndian Rupee Remains Flat Amid US‑Iran Tensions, Awaiting RBI Policy
The rupee held steady at 95.36 against the dollar on Aug 4 as traders awaited a possible US‑Iran diplomatic breakthrough and the RBI’s policy meeting, while other Asian currencies slipped.
BusinessGold Prices Edge Higher on Aug 4 as US‑Iran Tensions Calm and Dollar Weakens
On August 4, global gold prices nudged up as markets noted calm in US‑Iran tensions, keeping oil and the US dollar subdued. Spot gold rose 0.47%, while silver climbed 1.84%. Futures mirrored the gains, and analysts highlighted Fed policy and US employment data as key future drivers.
BusinessDabur Shares Dip After FSSAI Bans '100%' Claims on Food Products
Shares of Dabur fell 2.42% to ₹415.50 after FSSAI banned the sale of several products with misleading ‘100%’ claims. The regulator demands an action report within 15 days.
BusinessCommittee Chair Demands Meta Apologise Over Modi Video Removal
Parliamentary Standing Committee chairperson Nishikant Dubey urged Meta to apologise after the platform removed Prime Minister Narendra Modi’s video. He warned that failure to do so could lead to withdrawal of Section 79 safe‑harbour protection.
BusinessTamil Nadu Opposition Leader Faces Backlash Over Offensive Comment About Actress Trisha
Udhayanidhi Stalin, Leader of Opposition in the Tamil Nadu Assembly, sparked controversy during a Cauvery protest when he made a vulgar remark about actress Trisha. The comment drew condemnation from political rivals and the public.
BusinessTexmaco Rail Shares Set for Focus as June Earnings Show Mixed Results
Texmaco Rail & Engineering’s June quarter earnings reveal a sharp profit rise but a drop in revenue, prompting market attention on August 4. The company secured key contracts in July, while its shares trade well below the 52‑week peak and above the low, after a 22% yearly decline.
BusinessKEI Industries Shares Set for Focus After Strong June Quarter Earnings
KEI Industries posted a 40% rise in net profit and a 23% revenue increase in the June quarter, boosting investor interest ahead of August 4 trading.
BusinessYen Holds Gains After Tokyo-Washington Intervention, Markets Await Fed Moves
The Japanese yen kept most of its gains after a buy‑back by Tokyo and Washington, keeping traders cautious. It traded at 157.35 per dollar, a 0.1% drop, while the dollar slipped on intervention and falling oil prices. Markets now focus on U.S. rate policy and July jobs data.
BusinessOil Prices Ease Slightly as U.S.-Iran Tensions Persist
Brent and WTI crude edged up after a sharp dip, amid uncertainty over Middle East supply. U.S. President Trump’s pause on strikes and Iran’s denial of talks keep prices volatile.
BusinessSwiggy and Zomato veterans launch AI‑powered networking platform Profound, raise $1.5m seed
Former Swiggy and Zomato executives Anuj Rathi and Prashant Parashar have launched Profound, an AI‑native professional networking site, securing $1.5 million in seed funding led by Stellaris Venture Partners and 3one4 Capital. The platform offers a voice‑first AI companion to help users connect with opportunities and recruiters.
BusinessPrivate Banks Lead Amid Aggressive Competition; RBI Likely to Hold Rates
Investors eye private banks as they navigate fierce lending competition, while the RBI is expected to keep rates steady at 5.25%. Corporate earnings beat forecasts, and sectors like capex, consumption, and finance may drive the next rally.
BusinessIndia's Gold Demand Falls in Volume but Reaches Record Value in Q2 2026
In April‑June 2026, India’s gold imports dropped 6% year‑on‑year, yet spending hit a record Rs 1.98 lakh crore as prices surged.
BusinessDebt Fund Managers Keep Duration Bets Steady Ahead of RBI's August Meeting
Fund managers expect RBI to keep rates unchanged in August, citing easing inflation, improved monsoon, and surplus liquidity. They are adjusting duration bets, with Mirae Asset, Axis, and PPFAS taking varied positions on corporate bonds and government securities.
BusinessU.S. Stocks Rise to Record Highs as Oil Prices Fall During Iran Negotiations
On August 1, U.S. shares surged, sending the Dow to a record close. Lower oil prices followed President Trump’s announcement of talks with Iran, easing market tensions and lifting earnings.
BusinessNazara Reports Rs 428.77 Crore Revenue, Faces Rs 82 Crore Loss in Q1-FY27
In its first quarter of FY27, Nazara Technologies saw revenue fall 14% to ₹428.77 crore after deconsolidating esports arm Nodwin Gaming. While EBITDA improved, the company posted a ₹82 crore loss due to associate losses and an impairment on its Moonshine stake.
BusinessStocks to Watch Today: Earnings, Deals and Market Moves
A mix of quarterly earnings releases, stake sales by major investors, and government plans for LIC stake sale and QIP issuance set the stage for today’s market activity.
BusinessIndia’s Airports Capacity Exceeds 580 Million Passengers
The Airports Authority of India has expanded national airport capacity to over 580 million passengers per year, up from 420 million handled in 2025‑26, says Minister Murlidhar Mohol.
BusinessRupee Gains Sixth Straight Day, Rebounds Amid Falling Oil Prices and Trump’s Iran Strike Caution
The Indian rupee strengthened for a sixth straight session, closing at ₹95.31 to the dollar. The rally was driven by lower crude prices, FII inflows, and U.S. President Donald Trump’s decision to postpone potential strikes on Iran, boosting global risk appetite.
BusinessJPC Urges Balance Between NFRA and ICAI in Companies Act Amendments
The Joint Parliamentary Committee has advised the Ministry of Corporate Affairs to prevent the National Financial Reporting Authority from encroaching on the Chartered Accountants Institute’s statutory powers. It calls for clear boundaries, public consultation, and a shorter cooling‑off period for auditors.
BusinessNifty 50 Climbs 1.6% on Aug 3, Extends Uptrend
The Nifty 50 rose 1.6% on Aug 3, breaking the April swing high of 24,600 and the 23.6% Fibonacci retracement. Oil prices fell, the India VIX stayed low, and key support sits at 24,600, with options data highlighting critical levels.
BusinessChoosing Between SCSS and MIS: Which Retirement Plan Suits You?
Retirees often compare the Senior Citizens' Savings Scheme and the Post Office Monthly Income Scheme. Both offer government‑backed returns but differ in payment frequency and eligibility. Understanding your income needs and liquidity can help you decide or combine both for balanced retirement income.
BusinessHow to Gauge If Your Loan EMI is Truly Affordable
Borrow comfortably, not at the cost of everyday life.
BusinessShould You Take Home Loan Insurance? Know the Facts Before Signing
Home loan insurance is often offered by lenders, but borrowers can choose whether to buy it. It covers the remaining loan balance if the borrower dies, not the property itself. Review your existing life cover, compare premiums, and decide if it fills a real gap.
BusinessGovernment to Sell 2.5% LIC Stake in OFS, Green Shoe Option Adds 4%
On Aug 4, the government announced an offer‑for‑sale of a 2.5 % LIC stake, with an option to sell an extra 4 % under a green‑shoe clause. The sale will open to non‑retail investors on Tuesday and to retail investors on Wednesday, with a floor price of ₹382 per share.
BusinessMeta, Google Cut IT Contracts, Shift Budgets to AI, Affecting 1,000 Employees
Meta and Google are trimming IT service contracts with firms like HCLTech and Accenture to free up money for AI projects. The moves cut costs by tens of millions and will reassign around 1,000 workers to new roles.
BusinessRBI to Hold Fourth Policy Meeting in 2026 Amid Rising Inflation and Geopolitical Tensions
The RBI’s Monetary Policy Committee, led by Governor Sanjay Malhotra, will meet on Aug 5 to review rates as inflation hits 4.38% and West Asian tensions persist.
BusinessOil Prices Drop Over 4% as Trump Delays Iran Strike; Gold and Precious Metals Rise on Safe‑Haven Demand
On August 3, crude oil fell more than 4% after President Trump postponed a new strike on Iran, while gold and other precious metals climbed on safe‑haven buying.
BusinessNifty 50 Climbs 0.27% on July 31, Market Breadth Positive
The Nifty 50 edged up 0.27% on July 31, with 1,842 shares gaining and 1,147 falling. Analysts highlight bullish technical signals across several stocks such as BLS E-Services, Hero MotoCorp, and Jio Financial Services, suggesting a potential continuation of the uptrend.
BusinessMaruti Suzuki Posts 33.7% Sales Rise in July, Shares Touch 52-Week High
Maruti Suzuki reported a 33.7% jump in total sales to 2.41 lakh units in July, driven by a 42.1% rise in passenger vehicle sales. While exports fell 5.3%, the company posted an 11% decline in net profit, and analysts remain bullish on future demand.
BusinessRupee Gains as RBI Likely Holds Rates Amid Oil Price Pressures
The rupee climbed to a three‑week high as traders eye the RBI’s policy meeting, expecting unchanged rates while inflation risks from oil and weather weigh. Bloomberg’s decision to delay Indian bond inclusion adds uncertainty.
BusinessZydus Lifesciences Eyes Share Price After USFDA Inspection
Zydus Lifesciences will focus on its share price on Aug 3 after receiving an EIR from USFDA for its Ahmedabad facility. The board will meet on Aug 11 to approve unaudited Q2 results, and the company has launched a Phase III trial for Desidustat.
BusinessNCC Shares Set for August 3 Focus as Company Secures ₹1,052.71 Crore Orders
NCC, a leading infrastructure firm, will be highlighted on August 3 after announcing three new orders totaling ₹1,052.71 crore in July 2026. The deals, split between Buildings and Water divisions, strengthen its order book. Upcoming board meeting and AGM are scheduled for August.
Business70% Equity, 15% Debt, 15% Gold Yields Consistent 10%+ Returns Over 26 Years
A study covering January 2000 to June 2026 shows that a 70:15:15 mix of equity, debt and gold delivers more than 10% annualised returns in 92% of all seven‑year periods, matching the Nifty 50 TRI while reducing drawdowns.
BusinessRBI Likely Holds Rates Amid Moderate Inflation, Global Peers Raise Costs
The Reserve Bank of India is expected to keep its key interest rate unchanged this week, despite rising global oil prices and a modest uptick in retail inflation. While many international central banks have hiked rates, RBI remains cautious, citing a comfortable inflation band and recent currency support measures.
BusinessBuffett’s Rule: Buy When Others Fear, Sell When They’re Greedy
Warren Buffett, the 95‑year‑old chairman of Berkshire Hathaway, has spent decades turning patience into a $100 billion fortune. He advises investors to act opposite to market crowds, buying when others panic and selling when they’re greedy.
BusinessMorgan Stanley Boosts South Korean Stocks, Highlights AI and Industrial Growth
Morgan Stanley has upgraded South Korean stocks to overweight, citing a recent 'leverage washout' and strong AI demand. The broker sees the Kospi index rising 36% to 9,000, with Samsung and SK Hynix as key support. It also lifts Thai equities, while downgrading Australia.
BusinessSouth Korean Stocks Slide After Record Gains; Samsung, SK Hynix Drop 9%
South Korean stocks tumbled Monday after a record 18% rally on Friday, with Samsung Electronics and SK Hynix falling about 9% as investors trimmed leverage and took profits.
BusinessNifty 50 Eyes 24,500‑24,600 Rally; Bank Nifty Targets 57,800‑58,000
After breaking key moving averages, the Nifty 50 is set to test 24,500‑24,600 resistance, with support around 24,200. Bank Nifty aims to cross 57,400 to reach 57,800‑58,000, while traders focus on 56,500‑57,000 support zones.
BusinessGold Climbs as Trump Signals New Iran Talks, Markets Await Fed Moves
Gold rose to about $4,070 an ounce after President Trump said new talks with Iran would start, boosting hopes for easing energy inflation. Traders also watch Fed policy changes and oil price swings.
BusinessIndian Benchmarks Poised for Strong Start as GIFT Nifty Rises on Aug 3
Indian market indices are expected to open higher on August 3, following a three‑day winning streak. GIFT Nifty sits near 24,565, setting a positive tone for the session.
BusinessWall Street Rises on Amazon, India Markets Steady as Gold and Oil Move Amid Geopolitical Developments
U.S. indices climbed on Amazon’s upbeat earnings while Apple fell, boosting investor confidence in AI stocks. Indian markets held ground with modest gains, supported by rising gold and falling oil after U.S. President Trump postponed an attack on Iran.
BusinessUS‑Japan Yen Intervention May Ripple Through India’s Markets and Infrastructure Loans
On July 31, the US Federal Reserve sold euros to buy yen, joining Tokyo in a rare joint move to support the Japanese currency. The action could affect India’s foreign investment flows, rupee value, market liquidity and the cost of Japan‑funded infrastructure debt.
BusinessKospi Rises 18% as AI Earnings Boost Confidence
South Korea’s benchmark Kospi surged 18% on Friday after Microsoft and Amazon’s Q2 results showed that investors are rewarding AI spending only when it translates into real revenue. Alphabet and Meta fell sharply, while Amazon and Microsoft gained nearly 9% each, sparking a broader Asian rally.
BusinessFSSAI Takes Action Against Alcohol Makers Over Mislabelled Rum and Whisky
India’s FSSAI has begun enforcement against several alcohol producers for using external flavours that mimic rum or whisky, misleading labels and false age claims. The Ministry says products must be correctly labeled as flavored spirits and comply with safety rules.
BusinessSnabbit and Urban Company Hit 100,000 Daily Order Milestones in India’s Instant Home Services Boom
India’s instant home services sector is growing fast, with Snabbit and Urban Company each surpassing 100,000 daily orders. The two firms, along with Pronto, processed nearly 5 million orders in July, underscoring a shift from customer acquisition to scaling sustainable operations.
BusinessZEEL Seeks Legal Aid After SEBI Ban Over Hyderabad Land Pledge Case
Zee Entertainment Enterprises Ltd (ZEEL) has asked for legal advice following a two‑month ban by SEBI and a one‑year ban on its chairman and CEO. The company insists the order will not affect its Rs 2,300‑crore fundraising and plans to appeal to the Securities Appellate Tribunal.
BusinessWhy an Annual Review of Your Financial Plan Matters
Even if your plan looks good, changes in salary, expenses, or life events can make it outdated. A yearly check helps you keep goals, budget, emergency fund, investments, insurance and debts in sync with your current needs.
BusinessHow to Wisely Use Your Annual Bonus
A bonus can feel like free cash, but using it wisely can boost long‑term financial health. Prioritise debt repayment, build an emergency fund, and then invest, while keeping a small slice for enjoyment.
BusinessAugust IPO Week: 7 Mainboard and 4 SME Issues Raise Over ₹3,500 Cr
The first week of August sees a surge in IPO activity with seven mainboard and four SME listings, aiming to raise ₹3,500 crore and ₹341.8 crore respectively.
BusinessNoel Tata Sets Long‑Term Vision for Tata Trusts to Strengthen Healthcare and Education
Tata Trusts chairman Noel Tata outlined a future strategy focused on building new institutions in healthcare and education, aiming for measurable impact and national development.
BusinessSeven Companies Poised to Launch IPOs in Early August, Targeting Rs 9,500 Crore
After Zepto shelved its IPO, seven firms plan to go public in the first two to three weeks of August, aiming to raise about Rs 9,500 crore. Dhoot Transmission, Leap India and Innovatiview India are expected to lead the pack, with the rest following suit.
BusinessSemiconductor Stock Volatility Hits 21% Drop in July, Investors Question AI Spending
The semiconductor index fell 21% in July, the worst month since 2008, sparking sharp volatility as investors doubt sustained AI investment. While some see a buying opportunity, analysts warn that chip earnings may not lead the next bull market.
BusinessLEAP India to Launch Rs 2,480-Crore IPO on Aug 7
LEAP India, backed by KKR, will open its Rs 2,480‑crore IPO to public on Aug 7. A one‑day anchor book starts Aug 6, and the public issue closes Aug 11.
BusinessPCB Shortage Hits Electronics Industry Amid AI Demand and West Asia Conflict
Rising material costs, shipping disruptions, and AI hardware demand are causing a printed circuit board (PCB) shortage, driving up electronics prices. The crisis comes as India plans large PCB manufacturing investments under ECMS.
BusinessPersistent Systems Posts 13.7% YoY Profit Growth, Signs Deal with German Engineer Nagarro
Persistent Systems reported a 13.7% rise in Q1 net profit to ₹483 crore, while revenue climbed 29.1% YoY to ₹4,303 crore. The company also signed a business combination with German digital engineering firm Nagarro.
BusinessSEBI Introduces New Trading Hours and Closing Auction for F&O Stocks
From Aug 3, SEBI changes market timings: adds a Closing Auction for F&O‑eligible shares, extends derivative hours, and updates pre‑open sessions. The move aims to improve price discovery and match global standards.
BusinessLion Brewery Re-enters Indian Market with Premium Beers in Delhi
British beer giant Lion Brewery has returned to India after more than 60 years, launching its Island Lager and Pale Ale in Delhi. Partnering with Copperdrop Spirits for distribution, the company aims to capture the rapidly expanding premium beer segment, projected to grow at 40% annually.
BusinessIndia Approves Rs 84,084-Crore Samudra Manthan Scheme to Fund Deepwater Exploration
The Indian government has sanctioned a Rs 84,084-crore plan to finance up to 50% of deepwater and ultra‑deepwater exploration wells, targeting 60 wells in five years. The scheme also supports shared infrastructure and aims to cut reliance on imported oil and gas.
BusinessIndiGo Eyes Global Growth Ahead of 20th Anniversary, Plans New Aircraft and Expands Diaspora Links
As IndiGo marks 20 years, it plans to add long‑haul aircraft, tap the Indian diaspora, and keep cost leadership while welcoming new CEO Willie Walsh.
BusinessFlipkart to launch food delivery in Bengaluru, targeting restaurants with lower commissions
Walmart‑owned Flipkart plans to launch a food‑delivery service in Bengaluru by mid‑August, offering a roughly 10% commission rate to attract restaurants. The platform will run on the government‑backed ONDC network and will start as a pilot before expanding nationwide.
BusinessIndia Allows FDI in Export‑Only Inventory E‑Commerce, Boosting Handicrafts and ODOP Products
On July 23, 2026, India amended its FDI policy to let foreign‑owned e‑commerce firms hold inventory solely for exporting domestically made goods. The change aims to help MSMEs, artisans and ODOP products reach global markets, potentially raising e‑commerce exports from $2 billion toward a larger share of the $800 billion global trade.
BusinessPerils of MTF: Lessons for domestic investors from the Korean experience
Markets may forgive errors of analysis. They rarely forgive errors of leverage. Korea's investors paid roughly Rs 12,000 crore in four brutal weeks to learn this. Indian investors still have the rare privilege of learning it for free.
BusinessIndia's July Passenger Vehicle Sales Surge 33% to 4.7 lakh Units
July saw India's passenger vehicle sales jump 33% YoY to about 4.7 lakh units, driven by lower borrowing costs, tax relief, and GST 2.0. Major players like Maruti Suzuki, Hyundai, Tata Motors posted record highs, indicating a broad revival.
BusinessFMCG Slumps as Volumes Lag, Banks Gain Momentum, and Midcap IT Shows Promise
Sandeep Bagla of TRUST Mutual Fund warns that FMCG will stay weak until sales volumes rise, while banks’ earnings are expected to improve. IT midcaps grow faster than large caps, and investors may find better returns outside major indices.
BusinessArmy Soldier Seeks Dismissal of Charges Over Polymarket Bets on Maduro Raid
Special forces soldier Gannon Ken Van Dyke, accused of using classified info to bet on the outcome of the U.S. raid that ousted Venezuelan President Nicolás Maduro, has asked a judge to dismiss the case, arguing the bets are not criminal.
BusinessIndia's Interest Rates Likely to Stay Steady Amid Rising Foreign Bond Inflows
Despite growing foreign investment in Indian government bonds after inclusion in global indices, experts say rates will not fall sharply soon, citing persistent inflation.
BusinessIndia‑China Trade via Shipki La Resumes After Six Years
After a six‑year hiatus, cross‑border trade between India and China via the Shipki La pass on the ancient Silk Route resumed on Saturday. Revenue and Horticulture Minister Jagat Singh Negi flagged off 16 traders and inaugurated a new trade mart in Himachal’s Kinnaur district, aiming to boost local economies.
BusinessLNG Tanker Hit by Projectile in Strait of Hormuz, No Damage Reported
A Qatar‑supplied LNG tanker, the Gaslog Shanghai, was struck by a projectile in the Strait of Hormuz on July 31, causing a temporary blackout but no injuries or environmental damage.
BusinessBaroda BNP Paribas Reopens Aqua Fund Subscriptions; COO Sanjay Chawla Retires
Baroda BNP Paribas Mutual Fund will lift a temporary pause on subscriptions to its Aqua Fund of Fund from Aug 3, 2026, and Chief Investment Officer Sanjay Chawla will retire on July 31, 2026.
BusinessUPI transactions hit record Rs 29.9 lakh crore in July 2026, 19% growth YoY
In July 2026, Unified Payments Interface (UPI) recorded 23.66 billion transactions worth Rs 29.88 lakh crore, a 19% rise from July 2025, marking another record for India's digital payments ecosystem.
BusinessCoal India Ltd Posts 8.4% Rise in July Production, Sets New Supply Records
Coal India Ltd (CIL) increased production by 8.44% to 50.36 MT in July, while coal supplies jumped 18.38% to 64.19 MT – the highest July offtake ever. The company also lifted overburden removal and aims for 815 MT production and 850 MT supply this fiscal year.
BusinessVodafone Idea Faces Rs 26.83 Crore Liquidated Damages Notice Over Spectrum Rollout Breach
The Telecom Department has ordered Vodafone Idea to pay Rs 26.83 crore for alleged failure to meet minimum rollout obligations from the 2022 spectrum auction. The company is reviewing the notice and says it will not affect operations.
BusinessSpaceX Investors Focus on Starship, Mascot, and AI Over Financials Ahead of First Earnings Call
Before its first public earnings call, SpaceX opened an investor forum where shareholders prioritized questions about Starship missions, the new Shiba Inu mascot, and AI plans, while financial performance received less attention. The mix of queries highlights a focus on long‑term space ambitions over immediate profits.
BusinessJuly AI Infrastructure Investment Expands Across Cloud, Enterprise and Sovereign Initiatives
A Goldman Sachs report shows July saw wider AI infrastructure deals, from cloud backstop programs to data centre projects and government initiatives, boosting global AI capacity and adoption.
BusinessAlibaba Chairman Joe Tsai Announces Divorce After 30 Years of Marriage
Alibaba co‑founder Joe Tsai and wife Clara Wu Tsai have decided to divorce after nearly three decades together, but they will keep their roles and shares in Alibaba and BSE Global.
BusinessMahindra & Mahindra Sees 20% Rise in Tractor Sales in July
Mahindra & Mahindra reported a 20% jump in tractor sales in July, reaching 34,420 units, up from 28,708 last year. Domestic sales grew 21% to 32,643 units, while exports rose 3% to 1,777 units, driven by improved monsoon, reservoir levels and farmer confidence.
BusinessRBI’s Concessional FX Swap Attracts $40.8 Billion in Overseas Inflows
Since its launch on June 8, 2026, the RBI’s concessional foreign exchange swap facility has drawn $40.82 billion in overseas currency, mainly from FCNR(B) deposits. The scheme aims to boost India’s external sector amid global financial volatility.
BusinessGST Collections Surge 15.4% YoY to Rs 2.11 Lakh Crore in July
In July, India's GST revenue jumped 15.4% year‑on‑year to Rs 2.11 lakh crore, the fastest rise in 14 months, driven by a 28.8% rise in import‑related collections.
BusinessOptimystix Entertainment to Raise ₹107.88 Crore in IPO, Listing on NSE Emerge
Comedy Circus and Crime Patrol producer Optimystix Entertainment is launching an IPO to raise up to ₹107.88 crore. The share price will range between ₹165 and ₹174, valuing the company at ₹405 crore. The offering includes fresh shares and an offer for sale by founder Vipul D. Shah.
BusinessDelhi, Kolkata Cut Commercial LPG Prices by Over Rs 200 Amid Global Supply Shock
On Aug 1, Delhi and Kolkata reduced the cost of 19‑kg commercial LPG cylinders by Rs 202 and Rs 209 respectively, easing pressure on restaurants, hotels and catering businesses. Household LPG prices stay the same.
BusinessDollar Weakens Most in Over Three Months as Fed Credibility Worries Grow
The U.S. dollar fell 1.3% last week, the steepest drop since April, as traders questioned the Federal Reserve’s ability to curb inflation. Despite higher yields, the greenback slid amid concerns over Fed credibility and global currency moves.
BusinessSEBI Bars ZEEL, Goenka, Chandra for Unauthorized Mortgage, Imposes Rs 1.48 Cr Penalty
SEBI has banned Zee Entertainment Enterprises, CEO Punit Goenka and Chairman Emeritus Subhash Chandra from the securities market for two and twelve months respectively. The ban follows discovery that ZEEL’s Hyderabad property was mortgaged without proper corporate approval, leading to a Rs 1.48 crore penalty.
BusinessAnawil Wire Raises Rs 50.64 Crore from Anchor Investors Ahead of IPO
Gujarat‑based windmill tower maker Anawil Wire secured Rs 50.64 crore from 19 anchor investors, including Abakkus and Carnelian, before launching its IPO on Aug 3. The company plans to raise up to Rs 177.8 crore, with shares priced at Rs 257‑270.
BusinessSpaceX Short Sellers Surge Ahead of Earnings and Share Unlocks
Short interest in SpaceX has climbed to 219.3 million shares, 34% of publicly tradable shares, as traders bet on the company’s first earnings report on Aug 4 and the release of 911.5 million shares on Aug 6.
BusinessIndiGo to End Wide-Body Operations from Oct 25, Cancels Lease with Norse Atlantic
IndiGo will stop wide‑body services on Oct 25, ending its lease of Boeing 787‑9s with Norse Atlantic. Flights to Amsterdam will switch to an Airbus A321XLR and Heathrow links will pause until new aircraft arrive.
BusinessWestlife Foodworld Posts 12% Revenue Growth in Q1 FY27, SSSG Up 4.3%
Westlife Foodworld (WESTLIFE) recorded a 12% year‑on‑year revenue increase to ₹7.4 billion in Q1 FY27, with same‑store sales growth of 4.3% driven by higher guest numbers in western and southern regions. The company maintains a neutral outlook and targets a price of ₹550 per share.
BusinessVedanta Q1FY27 Revenue Hits ₹242 b, EBITDA Rises 98%
Vedanta posted consolidated revenue of ₹242 b in Q1FY27, up 54% year‑on‑year, with EBITDA rising 98% to ₹85 b, driven by higher LME, premium and forex gains. The company’s EBITDA margin improved to 35.1%. Analysts rate the stock neutral and target price ₹290.
BusinessCraftsman Automation Q1FY27 Beats Estimates with Strong Growth
Craftsman Automation reported a consolidated adjusted PAT of ₹1.5 billion in Q1FY27, nearly doubling year‑on‑year. EBITDA rose to ₹3.8 billion with margins up 90 bps to 15.8 %. The stock trades at 40.1x FY27E and 29x FY28E, with a neutral rating and target price of ₹9,699.
BusinessBalkrishna Industries Beats Q1 Earnings Forecast but Faces Margin Pressure
Balkrishna Industries reported Q1 earnings of ₹4.3 billion, surpassing the ₹3.7 billion estimate. Despite a 9.3% volume rise, the margin fell to 20.6% due to cost pressures. The stock remains undervalued at 22.5× FY28E, but future growth hinges on new segments.
BusinessAmara Raja Eyes Lithium‑Ion Expansion with Giga Corridor, BESS Plans – Motilal Oswal Maintains Neutral Outlook
Amara Raja is set to launch a 2GWh lithium‑ion cell plant in Q2 2027 and a 5GWh BESS by end‑2026, with plans to grow to 10GWh. Motilal Oswal sees growth potential but remains cautious, keeping a neutral rating and target price of ₹878.
BusinessZensar Posts Modest Revenue Rise, Declining Deal Bookings, but Maintains FY27 Earnings Forecast
Zensar Technologies (ZENT) posted a 1.1% QoQ revenue growth in Q1 FY27, with BFSI segment up 8.3% while other sectors fell. Deal bookings dropped sharply, but adjusted PAT edged up, prompting a slight downgrade of FY27 EBIT margin forecast. Analysts keep a BUY stance.
BusinessVedanta Aluminum Sees 8% Revenue Rise, 5% Production Growth in FY27 Q1
Vedanta Aluminum reported a revenue of ₹214 billion in Q1 FY27, up 8% year‑on‑year, driven by higher LME aluminium prices and increased output. Production rose 5% YoY to 632 kt, while alumina output jumped 40% to 826 kt. The company maintains a BUY rating with a target price of ₹540.
BusinessTBO Tek Shows Strong Q1FY27 Performance, Motilal Oswal Rates Buy
TBO Tek reported an 81% rise in revenue for Q1FY27, beating estimates, with strong EBITDA and margin growth. Motilal Oswal highlights the company's resilience and projects a 35% CAGR in revenue for FY26-28, maintaining a BUY rating with a target price of ₹1,850.
BusinessSyrma SGS Technology Posts Strong 1QFY27 Results, Projects 38% CAGR
Syrma SGS Technology reported a 87% jump in EBITDA and 68% rise in revenue for the first quarter of FY27. Auto and consumer segments led growth, while exports surged 62%. The company forecasts a 38% revenue CAGR through FY28 and maintains a BUY rating with a target price of ₹1,770.
BusinessSEBI Slaps 14.8‑Million Rupee Fine on Zee Entertainment, Bars CEO and Founder
On Friday, SEBI fined Zee Entertainment ₹14.8 million and barred its CEO Punit Goenka and founder Subhash Chandra from the securities market for one year for violations of securities law.
BusinessSwiggy Q1FY27 Revenue Beats Estimates, Valuation Upgraded
Swiggy posted first-quarter FY27 revenue of ₹68.1 billion, surpassing analysts' forecast and showing growth in its food delivery arm. The company’s valuation has been raised, with a target price of ₹350, reflecting an 18% upside.
BusinessPrestige Estates Projects Sees 46% Drop in Q1 2027 Pre‑Sales, but Key Projects Drive Growth
Prestige Estates Projects (PEPL) posted a 46% fall in pre‑sales to ₹66 billion in the first quarter of FY27, mainly due to fewer launches and a high base. Four new projects were launched, with Hyderabad leading sales.
BusinessMotilal Oswal Upholds BUY Rating on Premier Energies with 26% Upside
Motilal Oswal maintains a BUY recommendation for Premier Energies Limited, citing a target price of ₹1,240 per share—an upside of 26%. The firm highlights minimal impact from the ALMM‑II extension and values the company at 14x EBITDA for its domestic module business and 10x for its new segment.
BusinessPiramal Pharma Beats 1QFY27 Revenue & EBITDA Targets; CDMO Segment Revives, Forecasts Strong FY27/FY28 Profits
Piramal Pharma (PIRPHARM) posted a 7% revenue and 41% EBITDA beat in 1QFY27, with a lower loss driven by higher other income. The CDMO arm rebounded after four declining quarters, though customer conversion remains slow. Analysts project PAT of ₹1.1 billion in FY27 and ₹3 billion in FY28, maintaining a BUY stance.
BusinessNiva Bupa Q1FY27 Revenue & Profit Surge, Stock Targeted at INR103
Niva Bupa posted a 29% jump in insurance revenue in Q1FY27, with gross premium up 32% and PAT rising 93%. The company’s stock is now valued at INR103, according to Motilal Oswal’s analysis.