31 C 
Fujifilm expands key chip material output to capture AI demand
The Tokyo-based company spent 7 billion ($44 million) on the expansion project after forecasting the market will grow rapidly going forward.
Ken Griffin's Citadel sheds over $4 billion of Situational Awareness' bets
Situational, an AI-focused hedge fund run by former OpenAI researcher Aschenbrenner, sold the bulk of its stock bets to Citadel last month after heavy losses in its tech holdings forced it to unwind most of its public equities portfolio
Bengaluru airport UDF falls, but new projects will add to passenger charges
The air services tariff regulator Aera has cut Bengaluru airport's user development fee sharply and introduced a first-ever charge on arriving passengers, but built in a mechanism to add fresh charges as three major expansion projects come online through 2030-31.
Govt. working on additional subsidy scheme for polysilicon manufacturing: Official
The MNRE Secretary stated that India would require 30 GW of polysilicon manufacturing capacity addition to secure its energy needs and ensure manufacturing resilience.
Symbiotec Pharmalab raises 526 cr from anchor investors; IPO opens Aug 24
Pharma and biotech company Symbiotec Pharmalab Ltd on Friday raised Rs 526 crore from anchor investors days before the opening of its initial public offering (IPO). The company allocated 53.26 lakh equity shares to anchor investors, including HDFC Mutual Fund, ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Shares were allotted at Rs 988 per share, the upper end of its IPO price band, according to a circular uploaded on the BSE website. The anchor round saw participation from foreign portfolio investors, insurance companies, mutual fund houses, an alternative investment fund and an NBFC. Apart from ICICI Prudential Mutual Fund, HDFC Mutual Fund and Motilal Oswal Mutual Fund, other investors included Citigroup Global Markets Mauritius, BNP Paribas Financial Markets, Bajaj Life Insurance, Tata AIA Life Insurance, Mirae Asset, Tata Mutual Fund and Edelweiss Mutual Fund. The company will launch its IPO on August 24 to raise Rs 1,757 crore through a combination of fresh issu
Online Instruments India gets Sebi approval to float IPO worth 750 cr
Online Instruments has secured Sebi's approval to raise funds through an initial public offering, an update with the market regulator showed on Friday. The Bengaluru-based Online Instruments had filed its draft papers in May. After this, Sebi issued its observations on August 18, 2026, the data showed. In Sebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Online Instruments (India) Ltd's maiden public offering will be a fresh issue of equity shares worth Rs 750 crore and an offer for sale of up to 57.10 lakh equity shares by promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti. The company may also undertake a pre-IPO placement of up to Rs 150 crore. If such placement is completed, the size of the fresh issue will be reduced accordingly. Proceeds from the fresh issue to the extent of Rs 160 crore will be used for repayment or prepayment of certain borrowings, Rs 330 crore for funding working capital requirements, bes
IRDAI bars life insurers Pramerica, Edelweiss from opening new branches for 6 months
The insurers were warned for their failure to remain within the prescribed EoM limits
PNGRB authorises about 1,800 km LPG pipeline infra with 7,000 crore capital investment
Cumulatively, the pipelines are expected to increase the countrys LPG pipeline network by about 24%
Shriram Wealth plans to expand into Rs 10 lakh-Rs 2 crore client segment: CEO Vikas Satija
Shriram Wealth aims to target new clients with investable assets from ten lakh rupees. The company will utilize the Shriram Group's extensive branch network for expansion. Artificial intelligence-based solutions are planned for introduction within the next six months. This move follows a joint venture with South African firm Sanlam in June 2025. Shriram Wealth also plans to establish fifty centers across India.
Symbiotec Pharmalab has raised Rs 526.20 crore from anchor investors ahead of its Rs 1,757 crore IPO opening August 24. The pharmaceutical company has set a Rs 938-988 price band, with proceeds from the fresh issue earmarked for debt repayment.
Natco Pharmas Vizag FDF unit gets 4 U.S. FDA observations
Joyalukkas bags a golden TN Govt order to gift rings to 4.41 Lakh Newborns
The Kerala jeweler pipped others for the 755 crore order by bidding on a razor-thin margin
Zydus secures U.S. FDA nod for scurvy injection generic
The product will be manufactured at the groups injectable manufacturing plant in Jarod, near Vadodara and marketed in the US by Zydus Pharmaceuticals (USA) Inc
Zydus secures U.S. FDA nod for scurvy injection generic
The product will be manufactured at the groups injectable manufacturing plant in Jarod, near Vadodara and marketed in the US by Zydus Pharmaceuticals (USA) Inc
Anil Balaji Steel plans to acquire steel manufacturing facilities in UP, Odisha
Plans to increase turnover to 500 crore by 2030
Number of unincorporated establishments grew by over 9% in April-June
Jobs rose by over 6.5% in this period
U.S. FDA flags Aurobindo arms Hyderabad plant
HomeFirst Finance is funding ESG-rated homes, hopes it will attract sustainable capital
HomeFirst Finance is extending its ESG push to individual homes, co-developing green certification standards with IFC and onboarding over 600 such homes to attract sustainable capital.
Tata Motors PV hikes car prices for third time since April
Prices for models hiked by up to 25,000 from September 1; cumulative increase on some Harrier and Safari variants now beyond 50,000 since April
Radico Khaitan launches Aam Panna Vodka as Magic Moments eyes flavoured segment growth
The launch comes as the company reported strong volume momentum for its Magic Moments brand, which shipped 8.6 million cases in FY2026 and over 3.25 million cases in the first quarter of FY2027
FIIs near historical lows: Jio BlackRock flags potential contrarian setup for Indian equities
Foreign investor positioning in Indian equities is nearing historical extremes, with FII flows showing early recovery after sustained outflows. Jio BlackRock says resilient domestic buying, reduced foreign selling and more reasonable valuations could signal a potential sentiment turnaround for Indian markets.
Accel, 2 others sell nearly 5% stake in Amagi Media Labs for Rs 587 crore
Accel, a leading global venture capital firm, along with two other parties, has divested nearly five percent stake in Amagi Media Labs. They sold over one crore equity shares for Rs 587 crore via open market transactions. Notably, domestic mutual funds and an insurance company were part of the buyer's pool, alongside foreign investors. Following this development, Amagi Media Labs shares surged by 4.57 percent on the NSE.
Hexaware bets on AI to capture SaaS spending with custom software
The company had launched its Zero license enterprise offering earlier this year to help organisations replace bloated SaaS workflows by adding an AI layer on top of existing systems
Walmart eyes 100-bps+ hit in Q3 sales from Flipkart shifting of BBD sales
US-based retail giant Walmart has said the timing shift of the 'Big Billion Days' sales event of its Indian e-commerce arm Flipkart in FY27 will create a headwind in the third quarter, while it will provide a corresponding boost in the fourth quarter. Walmart said it expects a headwind of more than 100 basis points to third-quarter sales growth due to the shift in timing of Flipkart's Big Billion Days event between the third and fourth quarters. For Q3 sales guidance, we expect a headwind of over 100bps to growth related to a timing shift of Flipkart's Big Billion Days between Q3 and Q4, said the Bentonville, Arkansas-headquartered retail giant in its earnings statement for the second quarter. Though Flipkart has yet to officially announce the date for its Big Billion Days 2026 on its homepage, according to some reports, it is expected to start on September 23, 2026, with early access for Plus members on September 22, 2026 and is likely to run through October 2, 2026. Last year
Online Instruments India gets Sebi approval to float IPO
Online Instruments has successfully secured Sebi approval for its initial public offering. The firm is set to issue new equity shares alongside an offer for sale, with proceeds aimed at addressing borrowings, boosting working capital, and facilitating acquisitions. Specializing in audiovisual systems integration and display product manufacturing, Online Instruments has demonstrated notable growth in both revenue and net profit over recent fiscal years.
Skyways Air Services IPO gets marquee backing, Citi, Nomura join Rs 174 crore anchor book
Skyways Air Services raised Rs 174.5 crore from anchor investors ahead of its Rs 582.80 crore IPO, opening August 24, 2026. The price band is Rs 131-138 per share, with shares expected to list on September 1, 2026.
Epigamia aims to double business in 24-30 months, grow offline distribution
Eyes an annualised revenue run rate of 1,000 crore by March 2028
Govt mulls capex-based subsidy support to add 30 GW Polysilicon manufacturing capacity by 2030
The plans for a subsidy push comes as the worlds third largest renewable energy market aims to have a 30 gigawatt (GW) polysilicon capacity by the end of this decade
Greenlands 1,600-foot ice dome vanished 7,000 years ago when temperatures were several degrees warmer than today. Now, scientists have found the buried evidence beneath Prudhoe Dome. The discovery raises a difficult question about Greenlands future. Similar warmth could return by the end of this century. If that happens, the ancient melt record could offer a rare clue to how quickly Greenlands ice may respond and what it could mean for global sea levels.
Quote of the Day by Christina Aguilera: Christina Aguileras quote, Red lips and fragrance always top off an outfit for me, explores the importance of personal style, beauty, confidence, and self-expression. The quote suggests that makeup and fragrance can be more than simple beauty accessories, as they can add personality, elegance, and a sense of completeness to an outfit. Aguileras words highlight how small details such as a bold red lip and a favorite fragrance can help a person feel polished, confident, and comfortable in their appearance.
Rapidos Ownly eyes multi-city expansion as Bengaluru orders hit 50,000 a day
The latest numbers mark a sharp increase from July, when Ownly was reported to be processing around 40,000 orders a day and had a roughly 7% per cent share of Bengalurus food delivery market
Cricket prices have run out of control: Uday Shankar on JioStars sports rights challenge
ADB to provide Rs 1,750 crore for development of 500 KPS schools in Karnataka
The Asian Development Bank and Karnataka government on Friday signed an agreement for Rs 1,750 crore in ADB assistance to develop 500 government schools as Karnataka Public Schools by 2029-30. The state will contribute Rs 750 crore, taking the total project outlay to Rs 2,500 crore to upgrade infrastructure and educational facilities.
In a time before air conditioning, Americans became innovative in their quest to stay cool. Architectural elements like high ceilings and strategically placed windows promoted cross-ventilation. Porches transformed into relaxation spaces, and sleeping porches harnessed the evening breeze. Even fans predated electricity, while ice offered temporary relief. Evaporative cooling and adaptive daily routines emerged as practical strategies to combat the heat.
Jainendrajeet's academic journey is inspiring. Despite starting with a modest 54% in Class 10 and struggling with mathematics, he rebounded spectacularly by achieving a 99.98 percentile in JEE Main 2023. This exceptional performance earned him an AIR of 349 in JEE Advanced, paving the way for his studies in Computer Science at IIT Bombay. His story illustrates that early challenges do not dictate ultimate success.
Harry Potter, Hello Kitty merchandise now in minutes: MINISO now on Swiggy Instamart
For Instamart, the integration of MINISO is a calculated step in its broader expansion into non-grocery categories, joining electronics, beauty, and toys.
Aditya Birla Group Chairman Kumar Mangalam Birla said describing India as a China+1 destination is intellectually lazy, arguing that the country should instead be viewed as a potential global growth engine. Speaking at The Economic Times World Leaders Forum, Birla said India has its own strengths and track record and should be seen as World+1 rather than as an alternative to China.
Manipal Academy of Higher Education Expands Online Degree Portfolio with New Programs
New Delhi [India], August 21: Manipal Academy of Higher Education (MAHE), one of India's leading NAAC A++ accredited institutions and ranked #3 in NIRF, has launched three new online programs: Master of Science (MSc) in Financial Economics, MSc in Biostatistics, and Bachelor of Science (BSc) in Information Systems and Management.
Jhaveri Credits & Capital receives LoI from GEDA for solar rooftop project
Three firms may revive Indian smartphone brands as incentive scheme takes effect
Union IT minister Ashwini Vaishnaw says three homegrown companies are in talks with the ministry of electronics and IT to apply for incentives under the Mobile Phone Manufacturing Scheme.
Tighter FSSAI, FDA checks spur 1,200-crore opportunity in FMCG fraud risk detection with AI
Tighter food-safety and statutory compliance checks are accelerating the use of AI-led fraud and risk-monitoring tools among FMCG companies
Colgate bets on veteran Manish Anandani to power its next growth engine
Faces twin challenge of mass-market defence and premium growth
Delhi HC questions its jurisdiction in HUL-Beco ad row
The question of jurisdiction arose when senior counsel appearing for Beco argued that HULs principal place of business and the identified physical advertisement are in Mumbai.
The US energy infrastructure opportunity is structural, not one-off: Welspun MD
The contract, linked to a major Permian Basin export pipeline project, takes its global order book to about $4.4 billion, with more than 60-65% expected to be executed from the US over the next three to three-and-a-half years
LG Electronics sees India emerging as key manufacturing and export hub
LG Electronics India already exports Made-in-India products to over 50 countries and has invested Rs 5,000 crore in its Sri City factory, which will also serve as an export hub
SBI acquires Pune property for 414 crore for Maharashtra Circle office
The acquisition at Kharadi Knowledge Park includes leasehold rights to an 8,581-square-metre land parcel, ownership of a 15-storey building and 200 parking spaces
Grasim Industries targets 2 lakh crore revenue in FY27: Kumar Mangalam Birla
The Aditya Birla Group flagship is expanding across housing, infrastructure, sustainable materials and clean energy while accelerating investments in emerging businesses.
MediSage Receives Asia Book of Records with Over 800,000+ Registered Doctors
Mumbai (Maharashtra) [India], August 21: MediSage has been officially recognized by the Asia Book of Records for creating the Largest Digital Community Platform for Doctors in Asia.
Quick Wrap: Nifty Metal Index records a surge of 0.86%
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Trust will define the next generation of payments: AI, Trust, and the Future of Money | ET WLF 2026
Tesla to recall 2.98 million China-made, imported EVs, to fix software in China
Tesla will recall 2.98 million China-made and imported Model 3, Model Y, Model S and Model X vehicles
S&S Power Switchgear hits the roof after subsidiary bags Rs 50-cr order from Vedanta Aluminium
S&S Power Switchgear hit the upper circuit of 10% to Rs 296.75 after the company's wholly owned subsidiary, Hamilton Research & Technology (HART), has received a purchase order worth Rs 50 crore from Vedanta Aluminium Metal.
Volumes jump at JBM Auto Ltd counter
JBM Auto Ltd saw volume of 108.72 lakh shares by 14:14 IST on NSE, a 58.26 fold spurt over two-week average daily volume of 1.87 lakh shares
Sebi proposes distribution model to deepen corporate bond market reach
Fixed Income Channel Partners would work with online bond platforms to distribute permitted securities and facilitate retail transactions, particularly in smaller cities
India must move from catching up to setting the pace, says Sir Ron Kalifa | ET WLF 2026
Holtec International keen to set up SMR manufacturing facility in Gujarat
The proposed facility could strengthen Gujarats energy manufacturing base as India seeks to expand nuclear capacity and develop advanced reactor technologies
Indian equity benchmarks ended largely flat on Friday, extending gains for a second straight session despite Middle East uncertainties. Power Grid, HDFC Life and Kotak Mahindra Bank led the gainers, while Maruti Suzuki, Trent and HCL Tech were among the top losers. Broader markets outperformed with positive market breadth.
Market ends flat amid geopolitical concerns; metal stocks gain
As per provisional closing data, the barometer index, the S&P BSE Sensex, ended flat at 77,540.83, up 3.11 points or 0.00%. The Nifty 50 index rose 20.15 points or 0.08% to 24,252.
VELS Welcomes Freshers with Grand Celebrations Across Four Campuses in Chennai
Chennai (Tamil Nadu) [India], August 21: VELS Institute of Science Technology and Advanced Studies welcomed new students through a series of Freshers' Day 2026 celebrations held across its campuses in Pallavaram, Periyapalayam, Thalambur and Thiruvanmiyur in Chennai. The celebrations marked the beginning of a new academic journey for students joining programmes across diverse disciplines, including healthcare, engineering, technology, management, maritime studies, aviation and computing sciences.
Millworks Technologies secures orders worth Rs 53.74 cr
Millworks Technologies has announced the receipt of confirmed orders aggregating to approximately Rs 53.74 crore, further strengthening its business momentum for the FY27. With this, the Company's total confirmed order book has increased to Rs 121.88 crore, providing strong revenue visibility for the upcoming period.
Zomato founder Deepinder Goyal said Temple, his experimental wearable, is now less than half its earlier size and claims it is the smallest wearable on the market by volume. Pre-orders for a limited edition will open soon, with shipping expected by end-2026.
Multibaggers: 12 stocks with profit margins above 10% for 8 straight quarters. Do you own any?
A scan of the BSE universe identified 207 companies with a market capitalisation above Rs 3,000 crore that maintained profit margins above 10% for eight consecutive quarters through June 2026. Among these, 12 stocks delivered gains of 97% to 396% over the past two years, with Acutaas Chemicals emerging as the top performer.
Carlsberg India posts strong volume growth in H1, IPO process underway: Global CEO
Earlier this year, in July, Carlsberg India, the Indian arm of the Danish brewing major Carlsberg Group, filed confidential papers with the capital markets regulator SEBI for a proposed IPO
AI for all, not the chosen few: Preeti Lobana on Indias $1 trillion digital economy | ET WLF 2026
ET World Leaders Forum 2026: AI will reshape payments, but trust will be the real battleground
AI agents are increasingly performing purchases, which presents new payment challenges. Banks and networks must verify agent intent and transaction legitimacy. New security measures will distinguish between genuine and malicious automated activity. Payment rails may become invisible as consumers focus on speed and reliability.
Italian Proverb of the Day: Hope is the last to die. A timeless lesson on resilience
Italian Proverb of the Day: Hope is the last to die highlights the enduring role of hope during uncertainty, setbacks and difficult circumstances. The saying suggests that people can continue believing in the possibility of change even when outcomes appear uncertain. Rather than promising success, the proverb presents hope as a source of resilience that can encourage perseverance until the very end.
The Supreme Court recently nullified a directive from the Madras High Court regarding DMK MP Dayanidhi Maran's legal situation. This decision permits Maran to summon the Union Telecom Secretary as a defense witness, overturning the earlier high court order that required the secretarys testimony. The core of this case pertains to allegations of illicit telephone exchanges established during Maran's tenure as minister.
Tata, Godrej and now Birla: Big groups aren't just chasing glitter
Indias gold loan market is emerging as a growth opportunity for financial institutions, with outstanding loans against gold jewellery reaching Rs 3.3 lakh crore by May 2026. Tata Capital, Godrej Capital and Aditya Birla Capital are expanding aggressively as lenders shift toward secured retail credit, driven by rising gold prices, strong demand, regulatory changes and Indias vast household gold holdings.
TCS has denied reports that it is tracking individual employee activity through a Digital User Experience Monitoring tool on company laptops. The company said its tools monitor macro-level network performance for security, availability and improved digital experience.
PM Modi urges space startups to explore applications in agriculture, livestock, environment
Prime Minister Narendra Modi encouraged young space entrepreneurs to innovate for agriculture and daily life. He highlighted the potential of India's private space sector for global impact. Startups were urged to engage with schools and inspire future generations. Modi acknowledged the risks taken by entrepreneurs and the government's reform process. The government will continue supporting startups to build national space capabilities.
Alacrity Securities Ltd leads losers in 'B' group
Avro India Ltd, Addi Industries Ltd, U. H. Zaveri Ltd and Loyal Textile Mills Ltd are among the other losers in the BSE's 'B' group today, 21 August 2026.
Zydus receives USFDA approval for Ascorbic Acid Injection USP
Zydus Lifesciences announced the receipt of final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Ascorbic Acid Injection USP, 25,000 mg/50 mL (500 mg/mL), 5,000 mg/10 mL (500 mg/mL).
Japan's Nikkei falls as rising bond yields and rate hike fears weigh on sentiment
The 10-year US Treasury yield rose back to around 4.7%, while Japans 10-year bond yield also moved higher. Investors remained cautious about whether US debt buybacks can provide lasting relief for borrowing costs.
Quadria Capital-backed Nobel Hygiene files IPO papers to raise Rs 150 crore
Nobel Hygiene has filed its DRHP with SEBI for an IPO comprising a fresh issue of up to Rs 150 crore and an offer for sale of up to 15.51 million shares. The company plans to use the fresh issue proceeds for debt repayment, subsidiary investment and manufacturing expansion, as it seeks to capitalise on Indias fast-growing adult absorbent hygiene market.
China stocks end mixed as policy support lifts investor sentiment
The Shanghai Composite was little changed at 3,905.2, while the Shenzhen Component gained 0.87% to 14,094.2. Vice Finance Minister Liao Min said the government would step up fiscal support, with more spending aimed at households and consumption.
India to give Canada's Fairfax two years to consolidate holdings for IDBI Bank deal
A long-delayed sale of a majority stake in IDBI Bank, held by the government and Life Insurance Corp of India, is in its final stages
BMW launches X1 long wheelbase at 49.90 lakh
Opens bookings for i5 long wheelbase electric sedan
Indias aspiration economy: How consumers are reshaping cars, hotels, homes and food | ET WLF 2026
Indias aspiration economy: How consumers are reshaping cars, hotels, homes and food | ET WLF 2026
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Punjab National Bank inks pact with Indian Army to offer curated credit cards to army personnel
Punjab National Bank and the Indian Army have signed an exclusive memorandum of understanding. This partnership will offer two specialised credit cards for Army personnel. These cards provide benefits like cashback and airport lounge access. The PNB Parakram Credit Card features an environmentally friendly biodegradable design.
Carlsberg India bags eight awards at World Beer Awards 2026
Haul includes two awards for beer quality and six for can, label, and bottle design across four brands
Mefron drives global standards home, partners with Hanrico for India's cable ecosystem
Ahmedabad (Gujarat) [India], August 21: Mefron Technologies has announced a strategic partnership with Hanrico, a leading original design manufacturer specialising in data cables and wire harnesses, to serve the Indian market. The agreement brings Hanrico's globally trusted expertise directly into India through Mefron's local manufacturing and supply chain capabilities.
New Delhi [India], August 21: Frankfinn Institute of Air Hostess Training, widely recognised as the World's No. 1 Air Hostess Training Institute, has once again made history by receiving three Training Partner Awards at the Tourism and Hospitality Skill Council's THSC Connect 2026 conference, themed The Power of Partnerships, held today at the India Habitat Centre in New Delhi.
The company is promoting consumer adoption of newer construction techniques that are more expensive but can offer greater cost savings over the years.
Netweb Technologies raises 1,200 crore via a QIP at 4,790 per share; stock hits 52-week high
25,05,219 equity shares were allotted to marquee institutional investors at a 1.96% discount to the floor price
AI, jobs and leadership: How businesses can prepare for the next decade | ET WLF 2026
AI, jobs and leadership: How businesses can prepare for the next decade | ET WLF 2026
Jefferies retains Buy on Crompton Greaves; sees up to 29% upside
Jefferies retained its Buy rating on Crompton Greaves Consumer Electricals with a Rs 330 target, implying nearly 29% upside. The brokerage expects the companys premiumisation strategy, market share gains, new product categories and margin expansion to drive a 12% revenue CAGR and 18% EPS CAGR through FY29.
IndiGos ticket booking system faces issues briefly
Teams are working on priority along with the partner to resolve the issue as quickly as possible, IndiGo said and regretted the inconvenience
Tata Steel, Adani Ports among top 10 stocks downgraded by Motilal Oswal after Q1 results
2 Mold-Tek Group companies to consider bonus issues on August 26. Do you own?
Mold-Tek Packaging and Mold-Tek Technologies will consider bonus issues and dividends at their August 26 board meetings. While investors await the announcements, both stocks have delivered strong gains over the longer term, with Mold-Tek Packaging also featuring among Axis Securities top midcap picks with a Buy rating.
