29 C 
Indias EV market to hit 20L cr by 2030, create 5 cr jobs: Gadkari shares new vision at CII Summit
Inside Metas Project OT that could have cut some teams by 60% and why Mark Zuckerberg scrapped it
Mark Zuckerberg, the CEO of Meta, set out with Project OT to create an AI-driven future for the company, proposing substantial team reductions in favor of AI automation. Yet, internal pushback and fears over efficiency stymied the next phase of this initiative. Investors also expressed doubts regarding Meta's large-scale investments in AI. In the end, the company shifted its focus back to prioritizing its human employees.
At 20, Barron Trump has an estimated fortune of about $150 million, with most of his reported wealth tied to the Trump familys cryptocurrency venture, World Liberty Financial. His new $39 SOLLOS energy drink venture has added another business to his portfolio, while the reported fortune is higher than his mother Melania Trumps estimated $20 million wealth.
India Inc sales growth accelerates to 19.4 per cent in Q1 FY27, manufacturing leads recovery: RBI
Indian companies show stronger sales growth entering fiscal year twenty twenty seven. Manufacturing sales accelerated significantly, driven by key industries like automobiles. Operating profit growth also jumped across major sectors, improving margins. Companies faced elevated input costs, which impacted raw material expenses. However, improved pricing power helped absorb these higher costs effectively.
Clancy trial Day 22 LIVE | 'Evidence speaks for itself': Closing arguments begin in final showdown
New Delhi [India], August 27: Alternativa, the global non-profit film initiative supported by inDrive, has announced the launch of Alternativa Distribution, a non-profit distribution label designed to expand global access to socially impactful films from the Global South. Indian filmmaker Manohara K.'s award-winning debut feature 'Bird of a Different Feather' (Mikka Bannada Hakki) is among the ten titles in the label's inaugural slate.
Symbiotec Pharmalab IPO subscribed 71.26 times
The offer received bids for 93.52 crore shares as against 1.31 crore shares on offer.
Skyways Air Services IPO subscribed 71.25 times
The offer received bids for 210.79 crore shares as against 2.95 crore shares on offer.
Private non-financial companies sales growth accelerates near 20% on year in Q1FY27
Reserve Bank of India has released the data on performance of the private corporate business sector during the first quarter of 2026-27. At aggregate level, sales growth of listed private non-financial companies continued to accelerate to 19.4 per cent (y-o-y) during Q1:2026-27 from 13.9 per cent in the previous quarter. Sales of 1,827 listed private manufacturing companies expanded by 21.4 per cent (y-o-y) during Q1:2026-27, up from 14.5 per cent in the previous quarter. This acceleration was majorly driven by the automobiles, petroleum and electrical machinery industries.
Hy-Tech Engineers IPO subscribed 244.41 times
The offer received bids for 443.49 crore shares as against 1.84 crore shares on offer.
Lumino Industries IPO subscribed 1.42 times
The offer received bids for 8.97 crore shares as against 6.32 lakh shares on offer.
Annu Projects IPO subscribed 88%
The offer received bids for 1.55 crore shares as against 1.76 crore shares on offer.
INR subdued as US Dollar index hits one-week high
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SanRaj Group Enters Consumer Retail with the Launch of 31 Labels, a Curated Premium Fashion Platform
Mumbai (Maharashtra) [India], August 27: SanRaj Group, the diversified Mumbai-headquartered group with interests spanning technology, hospitality, healthcare, infrastructure, media, sports and renewable energy, has formally entered the consumer retail sector with the launch of 31 Labels, a digital-first, curated fashion platform for the Indian woman.
PM Jan Dhan Yojana turns 12 with 59 crore accounts, 3.17 trillion in deposits
PMJDY accounts come with no minimum balance requirement or maintenance charges. Account holders are provided a RuPay debit card carrying an accident insurance cover of 2 lakh and are eligible for an overdraft facility of up to 10,000.
Japanese shares trade mixed as tech stocks diverge
Markets lacked a clear direction as technology stocks moved in different directions. Nvidias strong sales outlook also supported sentiment, reinforcing expectations that demand for AI infrastructure will remain strong.
China stocks gain as investors expect more policy support
The Shanghai Composite rose 1.13% to 3,956.6, while the Shenzhen Component gained 1.50% to 14,048.9.
Sensex tumbles 539 pts, Nifty slips below 24,100 as HDFC Bank, Reliance drag
The S&P BSE Sensex declined 539.35 points or 0.70% to 76,933.59. The Nifty 50 index lost 116.90 points or 0.48% to 24,090.85. In two sessions, the Sensex and Nifty are down 0.93% and 1%, respectively.
Quick Wrap: Nifty PSU Bank Index declines 0.94%
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Indias media and entertainment industry set to grow to $36.7 billion by 2030
India's entertainment and media market is projected to grow from $25.7 billion in 2025 to $36.7 billion by 2030, driven by digital ecosystems and technology. Key areas include internet advertising and OTT, with new monetization models enhancing revenue potential across traditional and digital media.
Indices extend losses for 2nd day; PSU Bank stocks drop
Going ahead, market participants are likely to track movements in gold and crude oil prices, developments in the US-Iran situation and other global cues. The Nifty closed below the 24,100 level.
A $30,000 Brooklyn wedding reception reportedly turned into a nightmare after the bride, groom and 30 of 112 guests fell ill with vomiting, diarrhoea, chills and abdominal cramps. A lawsuit alleges that food served at the reception was contaminated with norovirus. On the other hand, a health department investigation said the specific source of the outbreak could not be determined.
These plants are competing for sun, nutrients, water and especially pollination in this harsh environment of limited but intense sunlight.
Maharashtra sold most PVs, CVs in Q1 FY27: SIAM
UP led the States in the sales of two-wheelers and three-wheelers
Mint Explainer | Crop loss or diversion for ethanol: what's driving sugar prices?
The sugar price spike comes just ahead of the festive season, when consumption typically rises. Is it a result of lower production or diversion of sugar to ethanol?
Aragen Life Sciences files draft papers with Sebi to raise funds through IPO
Aragen Life Sciences has filed its DRHP with Sebi for an IPO comprising a Rs 800 crore fresh issue and an OFS. Proceeds will fund debt repayment, capacity expansion and equipment purchases. The CRDMO reported strong FY24FY26 growth, with revenue reaching Rs 2,178 crore and profit Rs 258 crore in FY26.
HDFC Bank shares fall 2% to fresh 52-week low, tumble 30% in 10 months. What lies ahead?
HDFC Bank shares fell to a fresh 52-week low after a US investor filed a securities fraud class-action lawsuit against the bank and two senior executives. HDFC Bank called the allegations meritless and said it would defend the case vigorously, adding to recent concerns weighing on the stock.
Mint Explainer: Why India wants to indigenize SCADA systems
Mint explains the move and the challenges amid concerns over imported systems used in electricity distribution and transmission.
PMJDY completes 12 years, records opening of more than 59 crore accounts
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BPCL plans to raise Kochi refinery capacity to 17 mmtpa
The expansion follows record crude throughput at BPCLs refineries, while the company advances investments across refining, petrochemicals and emerging energy businesses.
Uncertainty over CEO's term weighing on HDFC Bank's stock, says Macquarie
Clarity on HDFC Bank's leadership is crucial as the lender seeks to move past uncertainty marked by its former chairman's abrupt exitg and overnance concerns
Davangere Sugar Company Ltd leads losers in 'B' group
Wonder Electricals Ltd, Renaissance Global Ltd, KJMC Financial Services Ltd and Sayaji Hotels Ltd are among the other losers in the BSE's 'B' group today, 27 August 2026.
B.R.Goyal Infra secures Rs 119.85 crore toll collection contract from NHAI
B.R.Goyal Infrastructure said that it has received a Rs 119.85 crore work order from NHAI for a one-year engagement as user-fee collection agency at the Surapattu Fee Plaza on the Chennai Bypass in the state of Tamil Nadu.
Market trade lower; metal shares lacklustre
Metal stocks retreated after advancing in the previous session
Adani, GMR increase bets on non-aero revenue to drive growth
Major airport developers, Adani and GMR, are aggressively expanding retail, dining, and commercial offerings to drive profitability as passenger traffic growth cools down.
40% drop in ADAS hardware cost brings safety tech closer to mass-market cars
A 40% drop in ADAS hardware costs could make collision-avoidance technology accessible to affordable cars in India, enhancing safety for buyers, automakers, and suppliers in the small-car and compact-SUV market
NABARD, NaBFID sign MoU for funding rural infrastructure projects
NABARD and NaBFID have signed an initial pact to strengthen collaboration. This agreement focuses on financing infrastructure projects with significant rural impact. The memorandum provides a framework for joint financing and knowledge sharing. Key areas include water, sanitation, irrigation, and post-harvest storage facilities. This partnership aims to advance rural prosperity and bridge the rural-urban divide.
AM/NS India secures 30-year concession for captive berth at Paradip Port
Paradip Port Authority has granted a 30-year concession to AM/NS India special purpose vehicle AMNS Paradip Logistics Pvt Ltd (APLPL) to mechanise CQ-III berth for handling dry bulk cargo on a captive basis. APLPL on Thursday said Paradip Port Authority (PPA) has formally granted the 30-year concession that will ensure seamless cargo movement, enhance AM/NS India's operational efficiency, and reinforce the company's commitment to environmental sustainability. The award of concession (AoC), handed over by the Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, on August 21, is in alignment with the central government's policy to promote coastal shipping as a fuel-efficient, economical, and environment-friendly mode of transport, it said. This arrangement will also enable APLPL to handle iron ore pellet shipments through a fully-mechanised conveyor system directly connected from AM/NS India's pellet plant complex to the berth at Paradip Port. Coastal shipping of iro
Nvidia is set to acquire Hugging Face for $12.9 billion, as per media reports. This deal comes just a month after the AI startup was hacked by OpenAI agents, which in turn compromised its infrastructure. Full details here.
Ornge goes live with Ramco's Digital Task Card with eSign-off and Mechanic Anywhere Mobile App
Ramco Systems Canada Inc., a subsidiary of Ramco Systems, announced that its long-time customer, Ornge, has successfully gone live with Ramco's Digital Task Card with eSign-off and Mechanic Anywhere Mobile Application across all of its maintenance bases. The rollout marks a significant milestone in Ornge's digital transformation journey, transitioning its maintenance execution operations from paper-based task cards to a fully mobile-enabled, paperless workflow across its AW-139 and PC-12 fleets.
US envoy Sergio Gor meets Piramal Group Chairman Ajay Piramal, discusses expansion plans in US
US Ambassador Sergio Gor met Piramal Group Chairman Ajay Piramal discussing economic ties. Gor lauded Piramal's growing United States footprint as a strong investment example. The Ambassador also met Cummins CEO Jennifer Rumsey regarding company operations. India's trade surplus with the United States narrowed in the recent fiscal year. These meetings highlight strengthening bilateral cooperation and business expansion opportunities.
Goldman Sachs says Britannia could see biggest cost impact as surge prices continue to soar
Rising sugar prices are raising concerns over higher input costs for consumer companies, with Goldman Sachs identifying Britannia Industries as the most exposed among companies it covers. Nestle India and Varun Beverages could also face pressure. Tight global supplies, festive demand and adverse weather conditions are driving the commoditys sharp rally.
Pine Labs climbs after brokerage initiates coverage with Rs 200 target
Pine Labs rose 1.49% to Rs 169.37 after a foreign brokerage initiated coverage on the fintech company with a 'Buy' rating.
Laurus Labs Ltd is quoting at Rs 1910.3, up 1.23% on the day as on 12:49 IST on the NSE. The stock is up 121.61% in last one year as compared to a 1.32% drop in NIFTY and a 22.73% drop in the Nifty Pharma index.
Zydus Lifesciences Ltd rises for third consecutive session
Zydus Lifesciences Ltd is quoting at Rs 1171, up 1.83% on the day as on 12:49 IST on the NSE. The stock is up 19.66% in last one year as compared to a 1.32% drop in NIFTY and a 22.73% drop in the Nifty Pharma index.
LIC Housing Finance Ltd rises for third consecutive session
LIC Housing Finance Ltd is quoting at Rs 531.3, up 1.32% on the day as on 12:49 IST on the NSE. The stock is down 2.93% in last one year as compared to a 1.32% drop in NIFTY and a 2.72% drop in the Nifty Financial Services index.
Uno Minda Ltd up for third consecutive session
Uno Minda Ltd is quoting at Rs 1281.3, up 1.69% on the day as on 12:49 IST on the NSE. The stock is down 1.1% in last one year as compared to a 1.32% slide in NIFTY and a 14.82% slide in the Nifty Auto index.
GAIL plans pipeline expansion, LNG diversification and clean-energy investments
The expansion comes as GAIL balances rising energy security needs with the global shift towards cleaner fuels and low-carbon technologies.
GAIL plans expansion in gas, petrochemicals, and clean energy: Chairman
Deepak Gupta said the year had highlighted the growing importance of balancing energy security with the global shift toward cleaner fuels
MuscleBlaze, Keventers partner to launch protein milkshakes with up to 30g protein
The new range targets consumers seeking convenient ways to add protein to regular diets without following structured fitness routines.
Pushp Brand, backed by A91 Partners and Sixth Sense, has received SEBI approval for its IPO, comprising an OFS of up to 74.45 lakh shares. The Indore-based packaged spices company has expanded across 24 states and union territories, while posting strong revenue, EBITDA and profit growth alongside improving margins.
Systematix initiates coverage on Timex Group India with Buy rating. Check target price
Systematix has initiated coverage on Timex Group India with a Buy rating and a target price of Rs 820, implying around 30% upside. The brokerage expects strong growth through FY29, with revenue, EBITDA and adjusted PAT projected to grow at CAGRs of 29.1%, 37.3% and 40.5%, respectively, supported by premiumisation, margin expansion and strong cash generation.
Tata Power drops after Singapore court rejects challenge to Kleros arbitration award
Tata Power Company dropped 3.89% to Rs 349.85 after the Singapore International Commercial Court dismissed the company's challenge to arbitral awards in its dispute with Kleros Capital Partners.
India Ratings and Research downgrades ratings of Kitex Garments to 'BBB+/A2'
Kitex Garments (KGL) said that India Ratings and Research has downgraded the company's long-term rating to 'IND BBB+' from 'IND A' with a 'negative' outlook.
New BAPS Swaminarayan Temple to be Nestled in Krisala Land of Dreams's Perimeter
Pune (Maharashtra) [India], August 27: Krisala Developers, one of the leading real estate developers in Pune and PCMC, is set to welcome a significant cultural and spiritual landmark next to its flagship Land of Dreams township, with a Swaminarayan Temple proposed across approximately 1.5 acres. The proposed temple is expected to be the first Swaminarayan temple in Pune to be situated in such close proximity to a large residential development.
Global PE firm Siguler Guff eyes $350-400 mn continuation fund to back four portfolio cos
Siguler Guff is considering the fund to stay invested in value-retail chain Baazar Kolkata, multi-specialty chain Sterling Hospitals, appliance maker Luker Electric Technologies and medical device maker Relisys
Hindalco commissions 30,000-tonne specialty alumina plant in Karnataka
The facility is designed to meet almost the entire domestic demand for safer cables while supporting self-reliance and reducing import dependence
TVS Motor launches TVS Jupiter dual tone spectral range
TVS Motor Company launched the TVS Jupiter dual tone spectral range, the latest addition to India's most progressive family scooter. The new range brings two new dual-tone spectral colours - Spectral Blue and Spectral Copper to the 110cc scooter segment, making TVS Jupiter the first scooter in the segment to offer these distinctive colours, alongside thoughtful enhancements across styling, comfort and technology.
Ramco Systems successfully implements Payce platform for Cromwell Group
Ramco Systems announced that it has successfully implemented its Payce platform at real estate investment platform Cromwell Property Group (Cromwell), supporting the organisation's payroll requirements in Australia.
Nifty slips below 24,150 mark; PSU Bank shares plunge
PSU bank stocks declined after advancing for two consecutive trading sessions.
Luxury or budget? Hotel chains strike upon a juicy middle ground
India's hotel industry is shifting to upscale offerings, bridging luxury and budget categories. Chains like EIH, ITC, and Lemon Tree are expanding mid to upper-upscale brands to meet rising domestic demands, while maintaining a portfolio across various price points to maximize market coverage.
'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's 6.5 crore payout
The insolvency tribunal NCLT has approved a repayment plan under which the media baron will pay just 6.5 crore to settle admitted creditor claims of about 22,006.57 crore in his personal insolvency resolution process, translating into a haircut of nearly 99.97% for lenders
Captive buyouts: Are IT cos scaling up or skilling up?
Indian IT companies are buying client technology units to secure larger partnerships. This strategy aims to boost contract values as organic growth slows down. TCS, Wipro, and HCLTech have recently made significant acquisitions. These deals involve acquiring intellectual property and engineering talent. This trend revives a past strategy of acquiring captive centers.
Crisil Ratings reaffirms ratings of Nahar Spinning Mills at 'A/A1'
Nahar Spinning Mills (NSML) said that Crisil Ratings has reaffirmed its ratings on the bank facilities and commercial paper of the company at 'Crisil A/Stable/Crisil A1'.
Imagicaaworld Entertainment Ltd leads gainers in 'B' group
Wonder Electricals Ltd, Shah Metacorp Ltd, Allcargo Terminals Ltd Partly Paidup and MV Electrosystems Ltd are among the other gainers in the BSE's 'B' group today, 27 August 2026.
Skipper gains after securing Rs 1,305-cr orders for T&D projects
Skipper advanced 2.35% to Rs 560 after the company announced that it has secured fresh orders worth Rs 1,305 crore for several domestic and international transmission and distribution (T&D) projects.
The Bombay Burmah Trading Corporation Ltd leads gainers in 'A' group
NMDC Steel Ltd, Moschip Technologies Ltd, Hindustan Construction Company Ltd and Inox India Ltd are among the other gainers in the BSE's 'A' group today, 27 August 2026.
Stock market holiday: Are NSE, BSE shut on Friday for Rakhi? Check full list of upcoming holidays
The Indian stock market will remain open on August 28 despite Raksha Bandhan celebrations, with the NSE, BSE, MCX and NCDEX operating normally. Investors can also check the remaining six market holidays for 2026, including Ganesh Chaturthi, Dussehra, Diwali-Balipratipada, Guru Nanak Jayanti and Christmas.
Bharat Electronics gains after securing additional orders worth Rs 730 crore
Bharat Electronics (BEL) added 1.35% to Rs 412.80 after the company announced that it has secured additional orders worth Rs 730 crore since its last disclosure on 10 August 2026.
Euro near one-week low against dollar ahead of Jackson Hole; EUR/INR futures hold around 111 mark
Euro is lingering around a one-week low against the dollar on Thursday as dollar edged higher ahead of the Jackson Hole Symposium after US data reflected on sticky inflation and drove expectation for a Fed rate hike. US PCE Price Index remained unchanged at 3.7% on year in July, above the consensus of 3.6%. On a monthly basis, the PCE Price Index and the core PCE Price Index both rose by 0.2% in July. Meanwhile, in the Eurozone, data from Germany showed GfK Consumer Climate Indicator rose to -26.6 heading into September 2026, from a revised -29.4 in August, marking its least pessimistic reading since March. Currently, EUR/USD is trading at $1.1661, almost flat on the day. On the NSE, EUR/INR futures are holding around 111 mark.
Hindalco commissions India's first Superfine Precipitated Aluminium Trihydrate plant in Karnataka
The new facility aims to meet nearly all domestic demand for safer cables, with capacity expandable to 60,000 tonnes as the market grows
Capacite Infra gets LOI for Rs 741 crore project from Mahindra Lifespace Developers
Capacite Infraprojects said that it has received a letter of intent (LOI) amounting to Rs 741 crore from Mahindra Lifespace Developers.
Hindalco commissions Indias first Superfine PPT ATH plant in Karnataka
Hindalco Industries has commissioned India's first Superfine PPT ATH manufacturing plant. This new facility at Belagavi will meet domestic demand for the specialty alumina product. The plant utilizes in-house technology and operates entirely on renewable energy sources. This development strengthens Hindalco's specialty alumina portfolio and enhances fire safety solutions. The indigenous production reduces import dependence and supports the wire and cable industry.
Commerce Minister highlights India's emergence as world's third-largest startup ecosystem
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Nifty below 24,150; auto shares under pressure
At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 288.54 points or 0.37% to 77,189.57. The Nifty 50 index lost 64.15 points or 0.27% to 24,142.55.
ACME Solar raises 1,571 crore project funding from IIFCL
IIFCLs first sole greenfield finance to ACME, secured at a competitive interest rate, includes a 19-year repayment tenor
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Heres why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing market price. The brokerage expects EBITDA to more than double by FY29, supported by airports, new energy, roads, copper and other infrastructure businesses. It also sees faster earnings growth and easing leverage as key drivers for the stock.
Zerodha's Nithin Kamath says surge in margin lending could be 'scary'
The warning comes as small investors across Asia have been singed by leveraged bets tied to the booming artificial intelligence trade
Lupin share falls 2%; Citi downgrades to Sell, cuts target price to Rs 2,050
Lupin shares fell after Citi downgraded the stock to Sell and cut its target price to Rs 2,050. The brokerage expects weaker US base-business sales, margin pressure and limited benefits from new products. Citi also reduced FY27 EPS estimates by 14%. Lupins technical indicators remain bearish despite its oversold RSI reading.
90s stars are making a comeback, but is nostalgia really doing the heavy lifting?
After a long lull, stars like Emraan Hashmi and Sunny Deol are back at the box office. Experts say nostalgia and familiar franchises help, but the right story, character and genre ultimately make a comeback click.
Indias space economy may grow 5x to $45 billion by 2030. Who is leading the boom?
Indias private space sector is shifting from prototypes to commercial operations, with the government targeting a fivefold expansion of the space economy to $4045 billion by 2030. The startup ecosystem has grown to over 400 companies, with Skyroot Aerospace, Pixxel, Agnikul Cosmos and Digantara emerging as key private players.
Bombay Burmah Trading shares surge 14% after SC recalls Rs 4,655 crore lease-rent observation
Bombay Burmah Trading shares rose sharply on Thursday after the Supreme Court recalled its earlier observation linking the company to a Rs 4,655 crore lease-rent liability. The court said the amount had neither been notified to BBTCL nor finally determined after giving the company an opportunity to respond, easing concerns over potential financial exposure.
US stocks turn marginally lower in cautious trades
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Lloyds Metals weighs bigger steel bet, eyes up to 8 mtpa at Maharashtra unit
Lloyds Metals has environmental clearance for a 4.5 mtpa steel plant at Konsari in Maharashtra but is studying a scale-up to as much as 8 mtpa as iron ore production rises.
ACME Solar secures Rs 1,571-cr funding for 300 MW Rajasthan project
ACME Solar Holdings announced that it has secured Rs 1,571 crore in long-term project funding from India Infrastructure Finance Company (IIFCL) for the construction and development of its 300 MW assured peak power project in Rajasthan.
Volumes spurt at The Bombay Burmah Trading Corporation Ltd counter
The Bombay Burmah Trading Corporation Ltd registered volume of 3.91 lakh shares by 10:45 IST on BSE, a 195.21 fold spurt over two-week average daily volume of 2003 shares
ICICI Prudential AMC slips as promoter moves to trim 2% stake
ICICI Prudential Asset Management Company fell 3.45% to Rs 3,112.45 after a large block deal in early trade on Thursday.
NSE Indices launches Nifty500 Growth 50 Index
The index was launched on 26 August 2026. It has a base date of 1 April 2005 and a base value of 1,000.
Titan, Infosys among 10 stocks with highest HNI holdings in Q1; check full list
High net worth investors continue to hold substantial positions across some of Indias leading listed companies.
Nepal flash floods: Glacial collapse, not earthquake, triggered deadly disaster
Nepal flash floods were caused by a glacial collapse, not an earthquake. This event originated in Tibet and caused significant destruction in Nepal. The disaster killed 162 people and left 750 individuals missing. Among the missing are 133 Indian nationals who were in the affected areas. The US Geological Survey confirmed the glacial collapse after further analysis.
