27 C 
Tiger Global Management cuts stakes in Big Tech, buys into SpaceX
USA-MARKETS/13F-TIGER GLOBAL:Tiger Global Management cuts stakes in Big Tech, buys into SpaceX
Wakefit Optimises Secondary Logistics with Traqo's Integrated TMS Platform
New Delhi [India], August 14: Wakefit Innovations Limited, India's leading home and sleep solutions brand, has partnered with Traqo to digitise its inter-warehouse logistics operations through an integrated indent, gate pass, and trip management platform. The rollout replaces fragmented, manual movement tracking with a unified digital system covering every stage from source warehouse gate-in to destination gate-out including a direct integration with Wakefit's ERP.
Meta Says Its Shut Down 750,000 Youth Accounts in Australia
Meta Platforms Inc. says it has removed access to more than 750,000 Instagram and Facebook accounts in Australia believed to belong to people under 16 since it began complying with the countrys landmark youth social media ban last year.
Luigi Mangione pleads guilty to federal stalking charges in the killing of UnitedHealthcare CEO
Luigi Mangione pleads guilty to federal stalking charges in the killing of UnitedHealthcare CEO
Bengaluru (Karnataka) [India], August 14: 4amFresh, India's first fresh grocery platform built around the promise of 'Made Today' freshness, today announced that it has achieved operational profitability just nine months after raising its INR 6 crore pre-seed round led by OTP Ventures and Gemba Capital in November 2025. The company has delivered exceptional early momentum, recording 50x growth over the past six months while building one of Bengaluru's fastest-growing fresh grocery businesses. Building on this performance, 4amFresh is now preparing to raise its seed funding round to accelerate technology, operations, customer acquisition and geographical expansion.
Accel India IV offloads 2 crore Urban Company shares, cuts stake to 4.84%
Accel India IV (Mauritius) has offloaded a 1.3 per cent stake in home services platform Urban Company through an open market transaction. According to a regulatory filing with the stock exchanges, the Mauritius-based entity sold 2,00,00,000 (2 crore) equity shares of the company. Prior to the transaction, Accel held 9,47,13,868 shares, representing a 6.14 per cent stake in the firm. Following the sale, its shareholding has been reduced to 4.84 per cent, or 7,47,13,868 shares. The sale of shares was carried out on August 13, 2026, via the open market, the disclosure noted. The total equity share capital of Urban Company stands at 1,54,21,80,603 shares with a face value of Re 1 each.
ICICI Bank seeks to raise $1.45-billion loan from a BofA-led consortium
ICICI Bank is seeking a substantial $1.45 billion loan from a banking consortium. Bank of America is leading the syndicate, which includes several international banks. This four-year loan aims to attract leveraged investors to the FCNR-B deposit program. The Reserve Bank of India is absorbing currency hedging costs for these deposits. Funds will support overseas clients making foreign currency deposits with the bank.
SBI leads in deposits and customer base, HDFC Bank tops average deposits per customer
SBI has the largest deposit base among the banks included in the comparison, with total deposits of 60.4 lakh crore. It also has the highest customer base, with 53 crore customers
Fresh floods hit six Odisha districts, over 41,000 people moved to safer locations
Heavy rainfall has triggered fresh floods across six Odisha districts. Authorities have relocated over 41,000 people to relief centers. Rising river levels are causing widespread inundation in several affected areas. Rescue teams are actively working to reach cut-off habitations. Agricultural lands and homes have been severely impacted by the ongoing deluge.
RBI may stay nimble on rates as growth is seen slowing to 6.6%: Report
Crisil reports India's growth may slow to 6.6 percent this fiscal year. Foreign portfolio investor inflows improved significantly in July, boosting financial conditions. Systemic liquidity surplus widened, and money market rates softened during July. Bank credit growth remained strong, and bond yields declined, while the rupee weakened. The Reserve Bank of India may remain flexible on policy rates due to these factors.
Happy Independence Day 2026: Best Wishes, Quotes, Messages, HD Images, Photos and Greetings for 80th Independence Day, 15 August to Share on WhatsApp, Facebook and Instagram: Every year on August 15th, India joyously commemorates Independence Day, a day that symbolizes the nation's hard-fought liberation from British colonial rule. This celebration pays tribute to the brave freedom fighters who sacrificed everything for independence. The article is filled with heartfelt messages and wishes suitable for sharing on social media, along with vibrant images for platforms like WhatsApp and Facebook, embodying the spirit of unity and national pride.
Census 2027 to collect mobile, Aadhaar, bank accounts, ID details alongside caste
India's upcoming Census will gather extensive personal and financial details from all citizens. This includes bank accounts, mobile numbers, and identification documents for the first time. Caste information will also be collected for every respondent since Independence. The decennial exercise, approved with Rs 11,718 crore, begins next year. Population enumeration in certain regions will occur from September 1 to 30.
Deep under a US military base, a blind 'demon' creature just surfaced for the first time
Biologists found a pale aquatic creature, the demon cavefish, after three decades. This species remained undetected in Bobcat Cave, beneath Redstone Arsenal. Genetic analysis revealed it lacks vision genes, suggesting deeper aquifer habitats. Protected federal land helped preserve this fragile subterranean ecosystem. The discovery highlights ongoing biological inventories and undiscovered life forms.
Current account deficit widens to $6.2 billion in Jun: RBI data
The current account deficit was primarily driven by a widening merchandise trade deficit, which rose to $30.2 billion in June 2026 from $19.2 billion a year earlier
Coal demand to touch 1.6 billion tonnes by 2030; need transparent, market-driven pricing: Official
Coal demand is projected to rise further to an estimated 1.6 billion tonnes by 2030, Dutt said, adding that we are at an inflection point where we are shifting from a scarcity scenario to one of surplus
Coal demand to touch 1.6 billion tonnes by 2030; need transparent, market-driven pricing: Official
Coal demand is projected to rise further to an estimated 1.6 billion tonnes by 2030, Dutt said, adding that we are at an inflection point where we are shifting from a scarcity scenario to one of surplus
JPMorgan Chase debanks Polymarket over regulatory concerns: Report
JPMorgan retains other ties to Polymarket as it looks to leave the door open for an underwriting role should it attempt to go public, the report said.
Letsurety Accelerates India's Digital Surety Bond Ecosystem as Infrastructure Demand Grows
Mumbai (Maharashtra) [India], August 14: As India continues to build larger and more complex infrastructure across highways, railways, metros, renewable energy, power, water, urban infrastructure and other critical sectors, the financial ecosystem supporting these projects is undergoing a significant evolution.
Indias ride-hailing industry weighs zero commission as drivers eye Rs 1.36 lakh more
New research suggests ride-hailing drivers could earn significantly more annually. This shift is driven by open digital networks and zero-commission models. The current commission structure leaves drivers and passengers with fewer benefits. Tax law interpretation for new models creates market uncertainty for operators. Policy changes could accelerate this transition for inclusive digital growth.
Patanjali Foods Q1 Results: Gross profit rises 35% YoY to Rs 1,521 crore
Patanjali Foods posted strong Q1FY27 growth, with revenue rising 29.33% to 11,337 crore and operating EBITDA climbing 69.2%. Gross profit increased 35.22%, while the company declared two interim dividends, supported by record revenues and stronger execution across businesses.
NMDC Q1 net up marginally to 2,007 cr
The momentum is firmly underway towards achieving our target of 60 million tonnes of production in the current financial year and scaling up to 100 MT by 2030.
Puravankara posts 29 crore profit in Q1FY27 as revenue jumps nearly 62%
Puravankara's revenue from operations rose 61.84 per cent Y-o-Y to Rs 848.72 crore, while its Ebitda margin expanded to 25 per cent from 15 per cent a year ago
This expansion comes as consumer spending on watches remains robust, with the company reporting annual revenue growth of 35-38%, outpacing industry trends
Pernia's Pop-Up Shop likely to launch Rs 660 crore IPO by Aug-end
Purple Style Labs is set to launch its initial public offering (IPO) at an impressive Rs 660 crore by the end of August. Having received the green light from Sebi for its entry into the public market, the luxury fashion label aims to channel the proceeds into expansion and support for its retail arm.
Ashok Leyland Q1 profit rises 2% as revenue jumps 10% to Rs 10,750 crore
Ashok Leyland reported a 2% rise in consolidated Q1FY27 profit to 668 crore, while revenue grew 10% to 10,750 crore. Record commercial vehicle sales supported performance, though rising material costs pressured margins, prompting cost-saving and pricing initiatives.
SRTT ban may delay Tata selection committee formation
As per the Articles of Association of Tata Sons, both Sir Dorab Tata Trust (SDTT) and SRTT have to jointly nominate three members to the five-member selection committee.
Sebi proposes to rationalise penalties for settling ongoing cases
India's market regulator has introduced an updated framework for addressing securities law violations, designed to streamline processes and decrease litigation. This proposed method may lead to reduced average settlement amounts for infractions. Individuals who faced prior rejections can submit new applications with modified terms. Stakeholders are encouraged to share their feedback on these proposals by September 4, 2026.
Sebi has put forth a proposal for the digital onboarding of individual foreign investors, aimed at enhancing their access to markets. Intermediaries could utilize video verification for clients based abroad. Additionally, the framework suggests accepting KYC from other Sebi-registered entities. This initiative targets clients in FATF-compliant countries, with public feedback on the proposal requested by September 4.
CAG finds 89% of audited railway stations deficient in basic amenities
Of 512 stations audited, 458 stations were deficient in one or more minimum essential amenities, including fans, water coolers, drinking water taps, urinals, seating arrangements, platform shelters, latrines and clocks
WeWork Global sells 2.5% stake in WeWork India Management for Rs 244 crore
WeWork Global has divested a 2.5% stake in WeWork India for Rs 244 crore, bringing its ownership down to 12.3% from 14.82%. Despite this stake reduction, WeWork India reported a consolidated net loss of Rs 4.30 crore for the first quarter while witnessing a total income increase to Rs 700.74 crore during the April-June period. The venture originated as a partnership between WeWork Global and Embassy Group.
SpaceX has completed a $60 billion acquisition of artificial intelligence coding startup Cursor, a key part of Elon Musks bid to gain ground on rivals Anthropic PBC and OpenAI.
Modi Naturals targets 900950 crore FY27 revenue
Oleev edible-oil maker Modi Naturals expects revenue to rise 25-32% to 900-950 crore in FY27 from 719 crore last year, as its expanded ethanol capacity ramps up and the company scales its premium foods business
Reliance, Rolls-Royce join hands to develop indigenous engine for AMCA full details here
Reliance Industries and Rolls-Royce announced a partnership to develop a combat aircraft engine for India's AMCA programme, aiming to enhance domestic fighter-jet propulsion capabilities. They plan to establish an Aerospace Gas Turbine Complex in India for the entire engine lifecycle.
E-commerce platforms dial back discounts as mid-year sales growth moderates
The mid-year sales, coming ahead of Raksha Bandhan, are being viewed as a precursor to Diwali sales
HAL partners with Adani Defence, BEML to produce LCH Prachand
HAL on Friday said it has entered into partnerships with the Indian industry-Adani Defence Systems and Technologies Ltd and BEML-for manufacturing fuselage structures for the 'Prachand' Light Combat Helicopter (LCH), further expanding India's indigenous helicopter production ecosystem. Under the agreements, Bharat Earth Movers Limited (BEML) and Adani Defence will manufacture 48 and 42 fuselage structures, respectively. Tushar Ranjan Behera, General Manager, Helicopter Division, signed the agreement with Cmde (Retd.) R. G. K. Rao, ED, Aerospace & Maritime for BEML and Prasanna Karthik, Vice President, ADSTL, for Adani Defence in the presence of the senior leadership of HAL, BEML and ADSTL, the company said in a release. This partnership marks a significant step in strengthening India's aerospace ecosystem. For the first time, the private industry is being integrated into the production of helicopter fuselage structures. This partnership will expand capacity, strengthen the ...
Ashok Leyland Q1 net profit rises 0.8% to 616 crore, revenue up 12%
Ashok Leyland posted its highest-ever first-quarter revenue and net profit, driven by record volumes, even as rising material costs weighed on operating margins
Trilegal advises Motilal Oswal on 1,500 crore investment on renewable energy
The deal marks a significant capital commitment by Motilal Oswals alternatives business into Indias clean energy sector, which has seen sustained investor interest as the country pushes toward its renewable energy targets
Mahindra looks to plug gaps in its commercial vehicle push
Mahindra is using the merged SML Mahindra entity and two new truck engines to break into heavier commercial vehicle segments and challenge Tata Motors and Ashok Leyland. The company is targeting 20% CV market share within a decade while treading carefully on subsidised electric buses.
Indians opt for higher life insurance cover as average premium rises 43%
Average life insurance premiums rose significantly between FY2021 and FY2025. Policyholders are increasingly choosing higher sum assured amounts for their policies. The proportion of policies with low cover levels has notably declined. Higher value sum assured categories have gained considerable market share. This trend indicates a growing commitment to financial security among policyholders.
Nithin Kamath said that the fundamental questions are: Why AI? How do you manage security risk? Continuous evaluation, especially of the high-stakes decisions.
SAT allows Zee to proceed with 3,143 crore warrant issue
The tribunal has extended Extends the deadline for the issuance by one week, subject to payment of penalties but debarment by SEBI on undertaking mutual-fund transactions will to continue
PhysicsWallah Q1FY27 net loss narrows to Rs 88 crore, revenue rises 24%
PhysicsWallah's revenue from operations rose 24.4 per cent year-on-year to Rs 1,053.95 crore, while the edtech firm reported positive Ebitda of Rs 52 crore
Cochin Shipyard Q1 Results: Profit falls 19% YoY to Rs 151 crore, revenue up marginally
Cochin Shipyard reported a 19.4% year-on-year decline in Q1FY27 consolidated profit to Rs 151.5 crore, despite 2.3% revenue growth. EBITDA fell 20.4%, dragging margins lower, while the company also disclosed regulatory fines over board composition.
Dee Development Engineers eyes over 2,000 Cr order book in FY27
The engineering major offers very specialised process piping solutions for oil and gas, power (including nuclear), process industries and chemicals.
Sebi revises InvIT cash flow framework to allow adding back external debt-funded maintenance costs
The Securities and Exchange Board of India (Sebi) has introduced a significant update allowing Infrastructure Investment Trusts (InvITs) to re-include major maintenance debt specifically for road projects. This enhancement provides InvITs with increased flexibility to manage upkeep costs efficiently. Importantly, unitholder consent will be required for any new debt taken on for these maintenance purposes, with InvITs mandated to disclose all pertinent details regarding the debt and maintenance expenditures.
NEET paper leak case: Delhi court allows CBI's plea seeking further probe
A Delhi court permitted the CBI to conduct further investigation into the NEET paper leak. Fresh digital evidence and CFSL reports necessitated a deeper look into the case. The agency seeks to investigate individuals not yet listed as accused in the ongoing probe. The court had previously taken cognisance of the charge sheet against thirteen accused individuals. This development follows the cancellation of the NEET-UG exam amid paper leak allegations.
PlayStation Plus just added four major games you wont want to miss here is all you need to know
PlayStation Plus subscribers receive new games this August, including Helldivers 2 and Kingdom Come. Vampire Survivors and Hell Is Us also join the Game Catalog for members. Premium subscribers can enjoy classic titles Onimusha and Disney's Atlantis. Helldivers 2 is available immediately, with other games arriving later. This month offers a varied selection of gaming experiences for all players.
France's top court rules social media ban curtails freedom of expression
France's top court has blocked a bill banning social media access for minors. The Constitutional Council cited infringement upon freedom of expression as its reason. The court stated the law failed to specify necessary legal safeguards for age verification. This decision prevents the implementation of the proposed age restriction for online services. The ruling impacts how minors can access certain digital platforms in France.
Reliance, Rolls-Royce partner to co-develop fighter jet engine for 5th gen AMCA project
RIL and R-R will explore the formation of a dedicated Aerospace Gas Turbine Complex that will be a centre of excellence for power and propulsion technology in India
Mumbai (Maharashtra) [India], August 14: Finkurve Financial Services Limited (NSE: FINKURVE; BSE: 508954), one of the leading tech-first gold loan NBFCs, announced its financial performance for the quarter ended June 30, 2026.
Quote of the Day by Frank Sinatra: Frank Sinatras quote, The best revenge is massive success, explores the power of turning criticism, rejection, disappointment, and setbacks into motivation for personal achievement. The quote suggests that instead of seeking revenge against those who have doubted or hurt you, true strength comes from focusing on success, self-improvement, and building a fulfilling life. It encourages people to let their accomplishments speak for themselves and to transform negativity into determination, confidence, and meaningful progress.
Engineers India Q1 net profit rises 55% to 108.6 crore, revenue falls
Lower technical assistance and sub-contracting costs supported profitability, while the company's order book stood at Rs 14,424 crore at the end of the June quarter
India's defence exports surged to Rs 38,424 crore in FY26: Rajnath Singh
India's defence exports reached Rs 38,424 crore in 2025-26, a substantial increase. This surge reflects a strong push towards indigenous defence production and manufacturing. The Defence Acquisition Council approved projects exceeding Rs 8.75 lakh crore recently. These initiatives aim to modernize the military and strengthen border areas. India is now an emerging power in global defence manufacturing and exports.
India-Japan stakeholder meet held to strengthen skilling, workforce mobility pathways
India and Japan are enhancing skill development cooperation for workforce mobility. Discussions focused on preparing Indian youth for employment opportunities in Japan. This includes industry-relevant training and Japanese language preparation. The partnership aims to build structured pathways with strong industry participation. Both nations seek to translate intent into clear action for youth.
On Saturday, the monsoon continues to be vigorous in various parts of India. Multiple states and Union Territories are predicted to experience heavy to very heavy rainfall along with widespread thunderstorms. Citizens are urged to stay vigilant due to the potential for strong winds and travel delays that may arise from the persistent monsoon conditions.
Toxic gas leak at Bangladesh shipbreaking yard kills 8 workers
Eight workers died and five are missing after a toxic gas leak at a shipbreaking yard. The incident occurred on Friday at the Ferdous Steel Shipbreaking Yard in Chittagong. Authorities have formed a committee to investigate the fatal accident and ordered an audit. Safety procedures were reportedly flouted before cutting began on the vessel. The shipbreaking sector in Bangladesh faces ongoing scrutiny over its safety standards.
Kalpataru Projects International bags new orders worth 3526 crore
Kalpataru Projects International on Friday said the company has secured new orders worth Rs 3526 crore. The company said it has secured an EPC order for an industrial plant in India. Besides, it has bagged orders in transmission and distribution, and residential building segments in the domestic market. Manish Mohnot, MD & CEO, KPIL, said, With these additions, our year-to-date order intake for FY27 has crossed Rs 11,000 crore, which will meaningfully contribute to our future growth. Kalpataru Projects International Ltd (KPIL) offers EPC solutions across diverse sectors, including power transmission and distribution, buildings and factories, water supply and treatment, railways, oil and gas infrastructure, urban mobility, highways and airports.
Non-life insurance premium growth masks sharp fall in crop, fire cover rates
Crop insurance premium slumped by two-thirds during April-July to 1,183 crore from 3,544 crore a year earlier, while fire premium fell 28.5% to 10,062 crore from 14,063 crore.
Reliance, Rolls-Royce to develop indigenous combat engine for AMCA together
Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country. The two companies, in a joint statement, said they would explore forming a dedicated Aerospace Gas Turbine Complex in India, envisioned as a centre of excellence for power and propulsion technology, covering design, development, manufacturing, testing, production and through-life support of combat engines. The proposed partnership would combine Britain's storied aero-engine maker's technology and expertise with Reliance's technology, manufacturing and execution capabilities to develop the AMCA engine in India. The announcement frames the tie-up as advancing Indian Prime Minister Narendra Modi's push for the country's defence sector to produce an indigenous
Reliance Industries, Rolls-Royce to partner on indigenous AMCA combat engine
Reliance Industries and Rolls-Royce will partner for India's advanced combat aircraft engine. They plan to establish a dedicated aerospace gas turbine complex in India. This alliance combines Rolls-Royce's engine expertise with Reliance's manufacturing capabilities. The goal is to build an end-to-end Indian capability for aero-engine development. This initiative supports India's strategic autonomy and defense manufacturing goals.
Ashok Leyland posts record Q1 volumes, revenue up 10%
On a standalone basis, the Chennai-based auto major reported its highest-ever net profit of 609 crore in Q1 FY27 as against 594 crore in the same quarter previous year
Higher costs, rupee depreciation weigh on 3M Indias Q1 profit
Revenue up 19%; healthcare segment leads the charge
Ashnisha Industries consolidated net profit declines 66.67% in the June 2026 quarter
Sales rise 280.00% to Rs 1.33 crore
Bazel International consolidated net profit rises 85.71% in the June 2026 quarter
Sales rise 16.35% to Rs 1.21 crore
York Exports reports consolidated net loss of Rs 1.52 crore in the June 2026 quarter
Sales decline 40.48% to Rs 3.22 crore
PVP Ventures consolidated net profit rises 4065.52% in the June 2026 quarter
Sales rise 165.19% to Rs 45.64 crore
Sales rise 33.78% to Rs 52.44 crore
Jyoti consolidated net profit declines 13.12% in the June 2026 quarter
Sales rise 8.38% to Rs 74.90 crore
Moksh Ornaments standalone net profit rises 28.10% in the June 2026 quarter
Sales rise 77.64% to Rs 267.63 crore
Karnavati Finance reports standalone net profit of Rs 6.25 crore in the June 2026 quarter
Sales rise 745.45% to Rs 1.86 crore
Equilateral Enterprises standalone net profit declines 68.75% in the June 2026 quarter
Sales decline 37.42% to Rs 10.22 crore
GTV Engineering standalone net profit rises 91.83% in the June 2026 quarter
Sales rise 79.64% to Rs 29.64 crore
Panchsheel Organics standalone net profit declines 18.95% in the June 2026 quarter
Sales rise 4.71% to Rs 24.67 crore
Indian Infotech and Software standalone net profit declines 33.96% in the June 2026 quarter
Sales decline 50.75% to Rs 5.28 crore
Vista Pharmaceuticals reports standalone net loss of Rs 0.99 crore in the June 2026 quarter
Reported sales nil
Ashram Online.com reports standalone net loss of Rs 0.02 crore in the June 2026 quarter
Sales rise 30.00% to Rs 0.13 crore
Netlink Solutions (India) standalone net profit declines 75.29% in the June 2026 quarter
Reported sales nil
Century Extrusions standalone net profit rises 59.75% in the June 2026 quarter
Sales rise 32.85% to Rs 138.36 crore
Raasi Refractories standalone net profit rises 46.43% in the June 2026 quarter
Sales rise 33.58% to Rs 14.48 crore
Utsav Securities reports consolidated net loss of Rs 0.85 crore in the June 2026 quarter
Sales decline 89.96% to Rs 0.45 crore
Saatvik Green Energy consolidated net profit declines 95.36% in the June 2026 quarter
Sales decline 44.20% to Rs 511.01 crore
Solarworld Energy Solutions consolidated net profit declines 26.41% in the June 2026 quarter
Sales rise 146.81% to Rs 168.42 crore
Rudra Global Infra Products consolidated net profit declines 7.42% in the June 2026 quarter
Sales rise 6.70% to Rs 159.56 crore
Meghna Infracon Infrastructure consolidated net profit declines 61.15% in the June 2026 quarter
Sales decline 19.48% to Rs 8.43 crore
Sales decline 50.00% to Rs 0.01 crore
Tarmat consolidated net profit rises 121.74% in the June 2026 quarter
Sales rise 43.58% to Rs 35.81 crore
GVK Power & Infrastructure reports consolidated net loss of Rs 0.55 crore in the June 2026 quarter
Reported sales nil
Puravankara reports consolidated net profit of Rs 28.93 crore in the June 2026 quarter
Sales rise 61.85% to Rs 848.72 crore
DCM Shriram International consolidated net profit declines 99.07% in the June 2026 quarter
Sales decline 4.38% to Rs 106.19 crore
Unison Metals consolidated net profit rises 100.00% in the June 2026 quarter
Sales decline 3.88% to Rs 132.14 crore
