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Travis Head wins second straight Allan Border Medal, joins elite list
Travis Head secured his second consecutive Allan Border Medal award. He narrowly defeated close friend Alex Carey by a single vote. Mitchell Starc received the Shane Warne Men's Test Player of the Year award. Mitchell Marsh was named ODI Player of the Year. Tim David earned the T20I award for his performances.
India identified 27 places, features in Arunachal Pradesh by their standard names on official map
India has formally identified twenty-seven places in Arunachal Pradesh on its official map. This action aims to ensure accurate recognition and public awareness of these locations. China has repeatedly renamed places in Arunachal Pradesh, which India rejects. India asserts Arunachal Pradesh is an integral part of the nation. These efforts aim to counter China's attempts to create baseless narratives.
FAA orders crack inspections for hundreds of Boeing 737 Max jets
The Federal Aviation Administration has mandated that inspections be carried out on numerous Boeing 737 Max aircraft due to potential cracks detected in older models. This concern has been known since Boeing flagged the issue and collaborated with operators over the last six years. In response, inspections for Max jets will now be enforced by the FAA, highlighting ongoing safety and quality challenges Boeing has encountered.
An insightful Native American saying conveys that life is like a river, moving forward and never returning to its origin. It teaches us to appreciate our roots while embracing transformation and progress. Our journey is marked by lessons learned and choices made in the present. This proverb echoes the truth that every great success is initiated by taking a single, purposeful step into the future.
Brazilian proverb of the day highlights the saying, Between the beginning and the end there is always a middle. The proverb explains that every journey has stages and that growth happens during the middle phase. It teaches patience, presence, resilience, hard work and steady progress. The saying reminds people to value daily efforts instead of thinking only about the starting point or the final result.
White House adviser declines to link Russia sanctions bill with India trade talks
A proposed US sanctions bill targeting Russian oil buyers could affect trade talks with India. White House officials stated negotiators will decide any impact on ongoing discussions. Senators are advancing legislation that could impose tariffs on countries buying Russian energy. This measure aims to curb revenues supporting Russia's military actions in Ukraine. India and the US continue trade negotiations despite evolving tariff structures.
Bengaluru bachelor reveals he spent Rs 12 lakh in 2 years on living expenses
A Bengaluru resident spent approximately twelve lakh rupees over two years. His monthly expenses as a bachelor in the city reached nearly fifty thousand rupees. Rent constituted a significant portion of his monthly budget, amounting to twenty-eight thousand rupees. Food and daily expenses added another twenty-two thousand rupees to his monthly outgoings. This highlights the substantial cost of living for individuals in India's technology hub.
Raymond Realty Q1 net profit falls 19 pc to Rs 13.43 cr on higher expenses
Raymond Realty experienced a 19% drop in profit for the quarter that ended in June, primarily due to increased operational costs that affected net earnings. Despite this, the total income rose to Rs 535.71 crore year-on-year. Moreover, the company reported impressive sales bookings of Rs 700 crore in the first quarter of FY27, representing a substantial increase from Rs 306 crore during the same period last year.
Pension funds collect and invest money contributed by employees and employers to build a large financial pool with an endeavour to pay regular income streams to workers after they retire.
Assam CM inaugurates digital survey training prog for flood assessment
Assam Chief Minister Himanta Biswa Sarma has unveiled a new digital survey training program aimed at accurately assessing flood damage across four districts. Starting on August ninth, trained surveyors will carry out digital evaluations, with a comprehensive two-stage verification process ensuring reliable data by September tenth. This initiative lays the groundwork for structured rehabilitation efforts following the assessment.
Shapoorji Pallonji's record bond issue finds a new class of investors
Private wealth managers are parceling out pieces of the 21,350 crore unrated, unlisted debt issue, selling investors a future payoff tied to Tata Sons' potential IPO.
Tommy Detamore dies suddenly at 70, wife pays heartfelt tribute
Country music mourns Tommy Detamore, a respected pedal steel guitarist and producer. His wife confirmed his passing at the age of seventy on Wednesday, August 5. Detamore shaped country music's sound for over four decades with his collaborations. He worked with legendary and contemporary artists, influencing new generations. His legacy will continue through the music and recordings he helped create.
PFRDA approves 4 new pension funds to join NPA system
The Pension Fund Regulatory and Development Authority has approved four new pension funds. This expansion brings the total number of available pension funds to fourteen. Subscribers to the National Pension Scheme can now choose from these additional investment options. The authority aims to significantly increase non-government NPS subscribers over the next five years.
Celebs seeing rising share of digital endorsement portfolios
Shah Rukh Khan topped the charts as the most valued Indian celebrity in 2025 followed by Ranveer Singh
GeM crosses Rs 20 lakh crore procurement milestone
India's GeM portal has facilitated over twenty lakh crore rupees in procurement. This platform has seen millions of sellers and enterprises participate actively. Micro and small enterprises now hold over forty percent share on GeM. The number of registered sellers has significantly increased over the years. These enterprises have fulfilled substantial orders, contributing to the portal's success.
Outgoing Swedish Ambassador Jan Thesleff supports India's permanent UNSC membership bid. He emphasized defense manufacturing and innovation as key partnership pillars. Swedish companies are increasing manufacturing facilities in India under Make in India. The bilateral relationship has evolved significantly over recent decades. Both nations advocate for a rules-based world order and diplomacy.
US appeals court blocks Donald Trump's $400 million White House ballroom project
A federal appeals court has ordered the Trump administration to stop White House ballroom construction. The court upheld a preliminary injunction against the $400 million project. This ruling tests the presidential authority of Donald Trump. The administration must now seek congressional authorization for the ballroom. The court placed its ruling on hold for fourteen days.
Donald Trump's attorney general pick clears key hurdle as GOP senator backs Blanche
Senator Bill Cassidy will support Todd Blanche's nomination for attorney general. This decision likely ensures Blanche's confirmation to lead the Justice Department. Opposition from two other Republicans had previously cast doubt on the nomination. Concerns centered on a settlement involving tax audit immunity and a proposed fund. Cassidy stated his vote was a specific decision regarding Mr. Blanche.
India has amended foreign direct investment regulations to boost e-commerce trade. These changes will help small businesses, artisans, farmers, and fishermen access wider markets. BRICS ministers discussed enhancing trade, investment, and industrial cooperation among member nations. Discussions also focused on creating jobs through emerging technologies like artificial intelligence. India aims to leverage e-commerce for connecting small-scale products with vast global markets.
Psychology says making progress, even small progress, can improve mood more than reaching a goal
Psychology says us that happiness is not reserved only for life's biggest achievements. Our minds are remarkably responsive to movement, growth and evidence that today's efforts are making tomorrow possible.
Spain threatens retaliation on Italy if border controls not lifted
Spain has threatened reciprocal measures against Italy over border controls. Rome imposed these checks after a migrant influx into the Spanish enclave of Ceuta. Spain called Italy's decision unjustified and discriminatory against its population. Italy justified its move to prevent migrants from reaching its territory. The dispute highlights differing migration policies between the two EU allies.
An anonymous Meta employee has gone viral after revealing that fears of future layoffs have made her postpone having children. In a candid post on Blind, she said the lack of job security, shifting company priorities and uncertainty about returning from maternity leave have left her unwilling to start a family. The post sparked a wider online debate about how instability in the tech industry is influencing major life decisions, including marriage and parenthood.
RBI rejects Religare's proposal for demerger
Religare Enterprises' demerger plan has been rejected by the Reserve Bank of India. The company received official communication regarding the rejection on August 6, 2026. Religare Finvest Ltd also received a similar communication from the regulator. However, stock exchanges have provided their no objection and observation letters. The company will engage with the regulator for further clarifications.
Ola Electrics revenue decline enters 7th quarter; company moves to settle Sebi probe
Q1 revenue slumps 45% to 455 crore as the EV maker seeks an early resolution on Sebis disclosure probe without admitting liability.
Q2 cost expected to rise 4-5% sequentially, likely to peak in September quarter: Satish Pai
Our biggest investments are going into the new copper smelter and copper wire rod plant and we will also expand smelting and refining, as well as our rolling operations, says Pai
Northern Arc Capital posts record Q1 profit of 114 crore, stock slips 4.9%
NLC India Q1 profit falls 48% to 436 crore as deferred tax base effect weighs
Higher mining output and electricity generation supported revenue growth despite a lower quarterly profit resulting from a one-time base effect
RBI proposes leverage ratio buffer for G-SIB branches
The Reserve Bank of India has proposed new leverage ratio requirements for banks. Globally systemic important banks will face a minimum 3.5% ratio plus a buffer. Domestic systemically important banks will continue with their 4% ratio mandate. Other commercial banks will maintain the existing 3.5% leverage ratio. These proposals align with the Basel Committee on Banking Supervision's framework.
Swiggy appoints former Myntra chief Nandita Sinha as Instamart CEO
The leadership change also follows a series of senior-level exits across Swiggy and Instamart over the past year as the company reshapes its leadership team
Delhi High Court stays FSSAIs prohibition of sale order on Dabur
The impugned order is stayed till the next date of hearing, says HC
SNITCH acquires Berrylush to enter womens fashion market
While the financial terms of the deal remain undisclosed, SNITCH aims to leverage its expertise in product innovation and marketing to enhance Berrylushs existing brand identity.
Inflexor Ventures secures 400 crore first close for tech-focused Fund III
Investing primarily at the pre-Series A and Series A stages with initial cheques of 1545 crore, the fund expects to build a portfolio of 2225 companies
AstraZeneca India to set up genomic solutions centre in Amaravati
The initiative aims to introduce the countrys first Integrated Precision Oncology programme, enabling personalized cancer diagnosis and treatment through advanced genetic research
Suzlon Energy Q1 profit falls 6% to 305 crore despite revenue growth
The wind energy majors revenue from operations rose to 3,819 crore in the first quarter of FY27 from 3,117 crore in the year-ago period.
Iris Clothings Q1 profit rises 53% on strong demand
Net profit rose to 4 crore; Income up 26% to 47 crore; EBITDA was up 53% at 8 crore
Bottled soft drinks see in-home penetration rise to 44% in March-May
Gap between rural and urban in-home penetration reduces to 1.6%
TTK Prestige quarterly profit more than doubles as consumers shift to induction cooktops
The company reported consolidated net profit of 59.33 crore ($6.19 million) for the quarter, up from 26.63 crore last year
Hindalco beats Q1 estimates, remains cautious on bauxite auctions
The Aditya Birla Group metal flagship reported an almost 75% year-on-year jump in the June-quarter net profit attributable to owners at 7,013 crore.
9 IPOs get Sebi approval as primary market pipeline gathers pace
Sebi has approved IPOs of nine companies spanning engineering, travel technology, gaming, drones, paper, renewable energy and digital platforms. The approvals strengthen Indias IPO pipeline, with firms including Laxyo, Garuda Aerospace, PlaySimple Games, Rediff.com and Jakson Green preparing to list.
OYO-parent PRISM expands UK footprint, adds 40 premium hotels
The expansion includes a combination of heritage properties and strategically located assets across key cities and regional markets
Varun Beverages posts higher quarterly profit on healthy volumes
Shares fell 7.3% after the results
VST Tillers Tractors to set up 100-crore global tech centre in Hosur
Conducts ground-breaking ceremony for centre that will enhance R&D capabilities
Ashok Leyland partners with UCO Bank for providing vehicle finance facilities
The MoU will enable both Ashok Leyland and UCO Bank to offer customised financial solutions to the customers buying Ashok Leylands trucks and buses.
Swiggy names Nandita Sinha as Instamart CEO, Amitesh Jha steps down
Tata Power targets 30,000 crore rooftop solar revenue by 2029, aims for 25% market share
Rapid rooftop solar adoption, expanding battery storage and capacity additions are accelerating Tata Powers renewable energy ambitions while strengthening its leadership in Indias distributed solar market
Ola Electric narrows Q1 loss 21%; revenues fall 45% even as volumes recover
Improving sales momentum, wider retail reach and fresh capital strengthened the EV makers growth outlook despite higher commodity and input costs
SBI Chairman Setty rules out asset quality stress in Q1, says seasonality distorts sequential NPAs
State Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupees, marking significant growth for the bank. Asset quality indicators showed marked improvement year-on-year, with GNPA declining. The bank maintained its full-year credit growth guidance at fourteen to fifteen percent. SBI is deploying Responsible AI Policy to enhance cybersecurity and operational efficiency.
Sebi cuts inspection load for market intermediaries, shifts focus to risk-based checks
Sebi has overhauled its inspection framework, reducing FY27 inspections to about one-third of last years level. The regulator will prioritise risk-based, joint inspections using alerts, complaints and market intelligence while easing compliance burdens for well-governed market intermediaries.
However, he questioned whether the ecosystem currently has enough market opportunities to sustain such a large number of start-ups.
Nuvoco expects Gujarat business to match North India profitability in 2-3 years
Backed by new capacity and wider distribution, the company is confident its western market investments will deliver stronger financial returns soon
Hindalco Q1 net rises 75% to 7,013 crore on strong metal prices, record aluminium EBITDA
Revenue jumped 32% to 84,825 crore (from 64,232 crore), EBITDA was up 73% to 14,989 crore (from 8,673 crore) as LME aluminium prices increased to $3,577 a tonne from $2,447 a tonne
SBI Q1 profit beats estimates on strong loan growth, asset quality
SBI reported a 10% rise in Q1 net profit to Rs 21,121 crore, beating estimates on robust loan growth and higher net interest income. Improved asset quality, lower bad-loan provisions and strong credit demand offset weaker treasury income and slightly lower margins.
Mercedes reports Q2 profit boost but flags China woes for car sales
Mercedes now expects both sales of cars and group revenue to come in slightly below the prior-year level in 2026, having previous forecast a stagnation
Carborundum Universal Q1 profit up 23%
HUL posts highest revenue growth in 13 quarters; profit dips on tax base effect
Segment-wise, Home Care was the standout performer, posting 14 per cent USG, its highest growth in three years, on high-single-digit underlying volume growth
TVS Racing: The Apache legacy starts young
The purpose-built TVS Apache RR 200 Mini will form the backbone of a structured rider development programme for aspiring racers aged 1014 years
TVS VMS joins hands with Montra Electric arm for electric trucking
The two companies aim to deploy more than 300 electric trucks during the current financial year
Air India revamps pilot pay, career path to curb attrition
The package offers a slew of incentives for Air India Express pilots and a Boeing 737 fleet allowance introduced for the first time and preferred base postings.
Muthoot Microfin awaits RBI response before raising ECB
The Kochi-based microfinance company received sanction letters from overseas investors in January and it has time till September to draw down the funds.
Safran explores expanding India presence beyond engines as aviation demand rises
Aerospace major says Indian aircraft orders and passenger growth create opportunities across propulsion, equipment, and interiors
Ola Electric narrows Q1 loss by 21% as deliveries surge and market share recovers
Improving sales momentum, wider retail reach and fresh capital strengthened the EV makers growth outlook despite higher commodity and input costs
Air India restores most international flights from Sep 1, adds frequencies
The flight cuts were imposed due to the rising cost of fuel following West Asia conflict and removed 145 weekly flights
Ola Electric Q1 Results: Loss narrows to Rs 336 crore; revenue falls 45% YoY
Ola Electric reported a narrower Q1 loss of Rs 336 crore as deliveries nearly doubled sequentially and revenue rebounded 72% from Q4. Improved market share, lower operating costs and progress in battery manufacturing supported the company's operational turnaround despite year-on-year revenue decline.
Godrej Consumer Products sees 19% jump in Q1 revenue
The companys board also declared an interim dividend of 5 per equity share for FY2026-27
Aurobindo Pharma among 8 stocks hitting 52-week highs; surge up to 20% in a month
Eight stocks from the BSE 200 index hit fresh 52-week highs, reaching their highest price levels in the past year, indicating strong investor interest, and potential upward momentum in the share price.
Fossil Group is said to invite banks for India unit IPO
Fossil Group Inc. is exploring an initial public offering for its India business. This potential listing could raise as much as $300 million. The US-based company may sell up to a 25% stake in Fossil India. This move follows other multinationals seeking value from their Indian operations. The offering is anticipated to occur early in the coming year.
Vikram Solar Q1 net profit declines 85 pc to Rs 20 cr
Vikram Solar experienced an astonishing 85 percent drop in profits for the June quarter, primarily attributable to increased expenses. On a positive note, the company's revenue from operations showed a healthy uptick during this period. In a strategic move, Vikram Solar has also greenlit the expansion of its wafer and ingot manufacturing facility, expected to be operational by fiscal year 2029.
Hero MotoCorp eyes electric motorcycle debut in 2027
This marks a first for legacy two-wheeler makers, who have so far stayed away from entering the electric motorcycle segment, even as they work to develop the technology.
Lupin Q1 PAT rises 16 pc at Rs 1,417 cr
Lupin Ltd has reported a remarkable sixteen percent surge in profit after tax for the first quarter, showcasing their continued success. The firm experienced considerable growth in consolidated total revenue from operations, largely driven by a staggering forty-two percent increase in sales in the US market. Moreover, sales in India rose nearly fourteen percent, reflecting strong domestic demand.
Premier Energies Q1 Result: Profit jumps 53% to Rs 472 crore
Premier Energies reported remarkable growth, with profits soaring more than 53% in the latest quarter. The uptick in revenue can be attributed to robust demand across vital business sectors. The company has made significant strides in enhancing manufacturing, particularly in solar cells and modules. Moreover, plans are underway for new facilities to further elevate production capacities, as Premier Energies invests in expanding its solar initiatives and diversifying into new markets.
Arvind SmartSpaces Q1 Results: Profit zooms 8-fold to Rs 97 crore
In the June quarter, Arvind SmartSpaces achieved remarkable results with an eight-fold rise in net profit. The company's total income surged to Rs 322.02 crore, while sales bookings more than doubled to Rs 432 crore. This exceptional performance stemmed from robust pre-sales and overall income growth, solidifying the firm's position as a leading player under the Lalbhai Group from Ahmedabad.
Bectors Food Q1 Results: Profit rises 25.5% to Rs 38.76 crore
In the June quarter, Mrs Bectors Food Specialities reported a notable 25.53 percent increase in net profit. Their operating revenue surged by sixteen percent to reach Rs 548.75 crore, bolstered by a 19 percent growth in the biscuit sector and a remarkable 40 percent rise in the bakery segment. Additionally, the EBITDA margin saw an improvement of eighty basis points, reaching 13.1 percent.
Not debarred by NHAI, says PNC Infratech
PNC Infratech says repair works going on in the Kanpur Lucknow Expressway Project
Titan Q1 Results: Profit soars 63% YoY to Rs 1,777 crore, total income surges 40%
Titan Q1 Results: Consumer discretionary major Titan Ltd on Friday reported 63% year-on-year (YoY) growth in its consolidated net profit at Rs 1,777 crore in the first quarter, compared with Rs 1,091 crore in the last year quarter. Total income in the reporting period rose 40% YoY to Rs 20,753 crore.
SBI sees broad-based credit growth, sticks to 14-15% FY27 loan growth guidance
State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is not currently a concern due to El Nino conditions.
HAL Bengaluru introduces Indias first satellite-guided navigation for copters
Category H (RNP CAT H) helicopter approach procedure has been developed by the Airports Authority of India (AAI) and validated through flight trials by HAL test pilots
Hindalco Q1 results: Profit soars 75% YoY to record Rs 7,013 crore; revenue jumps 32%
Hindalco Industries reported a record 75% year-on-year jump in June-quarter consolidated net profit to Rs 7,013 crore, driven by strong India aluminium and copper operations and a recovery at Novelis. Revenue rose 32% to an all-time high of Rs 84,825 crore, while EBITDA surged 73% to Rs 14,989 crore, reflecting robust operational performance despite exceptional expenses.
In July, the FSSAI privately gave the companies 90 days to drop energy drink or any similar description from high-caffeine beverages, saying there were no Indian standards for such products and that using that term breached regulations.
The top court agreed to hear the government's appeal against the verdict quashing retrospective dues, but refused to halt the release of 3,300 crore in bank guarantees to the telecom operators.
Multibaggers: 12 stocks skyrocketed up to 925% in 6 months; here's how retail investors bet on them
Thirty-four BSE stocks doubled in six months, with 12 delivering returns of 169% to 923%. Retail investors raised stakes in several multibaggers while booking profits in others during June 2026 quarter.
Dont do politics over reservation: RSS Chief Bhagwat on quota & social discrimination
Kamika Ekadashi Date 2026: On August 9, 2026, devotees will celebrate Kamika Ekadashi, a holy day devoted to Lord Vishnu. Devotees will engage in a day of fasting and perform rituals aimed at enhancing their spiritual journey. The fast will conclude, known as Parana, on August 10, 2026. Bestowing praises on Lord Vishnu and presenting Tulsi leaves is considered significant, as this observance is thought to purify sins and invite divine blessings.
CMS Info Systems bets on tech and payment solutions to drive next growth phase
The company aims to double its tech unit's revenue share to over 20% by FY30 by expanding AI surveillance and payment solutions into retail, quick commerce, and EV charging.
Relief for Dabur as high court stays FSSAI order on 100% pure claims
The court said prima facie it appears the food regulator should not have passed the prohibitory order without first giving Dabur an opportunity to be heard.
The message behind the missile: Six signals sent by Agni-IV test
Indias Strategic Forces Command conducted the 10th test of the Agni-IV ballistic missile, and its sixth user trial. Since Agni-IV is already inducted into service, the test was less about developing new technology and more about demonstrating operational readiness, reliability and deterrence credibility.
Global equity funds extend inflow streak to 11 weeks as earnings optimism lifts risk appetite
Global equity funds extended their inflow streak to 11 weeks, attracting $21.15 billion in the week ended August 5. Strong corporate earnings and easing crude prices boosted risk appetite. European and Asian equity funds led regional inflows, while emerging market equities saw their strongest weekly inflows in over five months.
ETPL: Ajinkya Rahane unveiled as Amsterdam Flames' marquee signing
Widely admired for his leadership, consistency and professionalism, Rahane joins Amsterdam Flames at a time when European cricket is entering an exciting new phase of development. His arrival underlines the franchise's ambition to build a world-class brand while contributing meaningfully to the long-term growth of the sport.
India reviewing bilateral investment treaty overhaul to boost foreign investment: Official
India is reviewing its bilateral investment treaty model soon. The cabinet will decide on changes to attract more foreign capital. This review comes as India negotiates new pacts with developed nations. Indian industry bodies also seek faster dispute resolution for investors. The nation aims to boost foreign direct investment compared to peers.
Premier Energies Q1 profit jumps 53% to 472 crore
Premier Energies first quarter profit for FY27, jumps over 53% to 472 crore; the company had reported a net profit of 307.8 crore in the first quarter of preceding 2025-26 fiscal
Lupin Q1 PAT rises 16% at 1,417 cr
Consolidated total revenue from operations in the first quarter was at 8,276.89 crore, as against 6,268.34 crore in the year-ago period
