27 C 
Quote of the day by Heraclitus says, The world is nothing but a great desire to live and a great dissatisfaction with living. The saying explores human behavior, desire, dissatisfaction, inner tension and the struggle between what people want and what they experience. Heraclitus connected change, opposites, fire and logos to his view that life remains in motion through opposing forces.
Brain aging research: Older honeybees showed renewed learning abilities after changing social roles. Scientists observed significant molecular changes within the brains of these bees. These changes included specific proteins also found in humans. The findings suggest brain aging may be more flexible than previously thought.
Trump administration to invest $3 billion into minerals projects to boost US defense supply chains
USA-TRUMP-MINING:Trump administration to invest $3 billion into minerals projects to boost US defense supply chains
LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, MD, LIC
LIC said the governments 31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer will focus on growth, margins and distribution, while the government must raise public shareholding to 25% by 2032.
PFRDA approves four new pension funds, increasing total to 14 for NPS subscribers
The Pension Fund Regulatory and Development Authority has approved four new pension funds. This expansion aims to increase non-government NPS subscribers significantly over five years. Digital initiatives are expected to attract millions of new subscribers annually. PFRDA emphasises accessibility and simplified onboarding for broader pension coverage. Conservative schemes have delivered strong annual returns, building on past successes.
NBFC credit surges 14.4% to 59.3 lakh crore in June, retail loans lead growth: RBI data
Non-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 percent. Housing and vehicle loans, and gold jewellery loans showed robust growth. Credit to industry expanded by 6.7 percent, while services sector credit grew 17.6 percent. Agriculture and allied activities credit increased significantly by 17.9 percent.
Shakespeare's timeless insight sheds light on how fragile reputation is in today's world. Public opinion can easily elevate or tarnish an individual's status without justice. This guidance advocates for a commitment to integrity and sincerity in daily life. Authentic self-worth and character are not dictated by others' views, urging us to cherish genuine growth over transient applause.
Minister Deepak Prakash can remain minister after MLC nomination, Bihar government informs SC
Bihar government informed the Supreme Court about minister Deepak Prakash's MLC nomination. He has now taken his oath as a Member of the Legislative Council. This development addresses the plea seeking his removal from the ministerial post. The court was informed that Prakash is no longer barred from continuing as minister. His nomination ensures he meets the constitutional requirement for holding the position.
BRICS trade meet clears MSME credit framework
Brics trade ministers finalized their Economic Partnership 2030 strategy and adopted a joint declaration. They agreed on the Jaipur Consensus and Guiding Principles for MSME credit. This aims to close the trade finance gap and expand small business access. The declaration also supported a rules-based multilateral trading system led by the WTO. Ministers advanced market opening and economic diversification among member nations.
Ethan Allen CEO Defends Leadership After Activist Challenge
Ethan Allen Interiors Inc. Chief Executive Officer Farooq Kathwari, responding to an activist investors proxy challenge this week, said the furniture store is focusing on long-term retail sales over short-term digital sales.
India's forex kitty swells by $10.5 bn to $692.87 billion
The overall kitty had jumped by $6.118 billion to $682.354 billion in the previous reporting week
Hero MotoCorp Q1 PAT down 16.86% at 1,417.93 crore
The previous year PAT included a one-time gain of 722 crore on account of dilution of the company's share of investment in associates consequent to public issue and private placement, Hero MotoCorp said in a statement
Revamp of Model Bilateral Investment Treaty in works, to be presented to Cabinet soon: Secy
The BIT is under review, and we are looking at many other clauses based on our experience in the negotiations and based on global practices...it is a work in progress. Consultations are underway, and we are reviewing the Model BIT, says Anuradha Thakur
Overall EV retail sales in July 2026 surge 66% to 3.28 lakh units
During the month electric two-wheelers retail sales crossed the two-lakh mark for the first time and surged to 204,362 units up 88% YoY. This segment achieved a market share of 11.2% as compared with a share of 7.7% a year ago. This segment was led by TVS Motor which retailed 55,499 units, up 135% YoY
U.S. accounts for 67% of Indias LPG imports, Petroleum Minister Hardeep Puri
Before the conflict broke out in West Asia, India imported about 60% of its LPG requirement of which 90% transited through the Strait of Hormuz.
Hindalco Q1 net profit surges 75% to 7,013 crore, sales up 32%
Hindalcos milestone performance was driven by favourable macro tailwinds and the Companys strategic focus on resource security, premium product innovation and relentless operational excellence, the company said in a filing
OMCs refute chloride contamination, excess moisture in E20 fuel
The OMCs based their assurance on E20s reliability based on checks across retail outlets, refineries and at the point of ethanol procurement, that is, distilleries
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.
Code Name Silver: The Indian spy who played 5 sides in World War II
Known by the British codename Silver, Talwar operated across German, Italian, Soviet, British and Japanese intelligence networks while maintaining links to Indias freedom movement. His shifting loyalties, including his work for British intelligence under Peter Fleming, have made his legacy controversial.
Q1 Results Today, 07th August 2026 Highlights: Follow Q1FY27 live updates from businessline
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.
Lok Sabha approves MSME Bill to speed up payments, improve ease of business
The Lok Sabha passed the legislation without a debate amid continued protests by Opposition members over various issues
HUL Q1 net dips amid inflation, one-time tax credit in FY26
Revenues grow 10 per cent YoY to 17,529 crore
Suzlon picks Singapore as global hub to drive overseas expansion
The Singapore office will function as the groups international control centre, overseeing overseas sales, operations and maintenance services, banking and procurement
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.
Ambuja Cements Q1 Results: net down 37% on weak realisation, sales drop
Overall expenses were down at 8,802 crore (9,162 crore) on back of fall in power and freight cost at 2,389 crore (2,513 crore) and 2,258 crore (2,423 crore)
A plant-source Vitamin D3 looks to light-up Fermenta Biotechs prospects
Fermenta has a presence in the regular Vitamin D3 segment, but the company explored a sustainable natural source and found it in the byproduct of soyabean oil. Oil from soyabean seeds gets refined and goes into food, but the byproduct was available
India and China outgrowing more developed markets such as Australia, Japan and Korea, Braun said
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
Psychology says sharing embarrassing stories often builds trust faster than sharing achievements
Reaching a major goal can bring a deep sense of pride and accomplishment, but that feeling is often short-lived. Steady progress, on the other hand, creates ongoing opportunities to build confidence, maintain motivation, and cultivate hope. By acknowledging and celebrating small wins along the way, we can lift our mood, reinforce positive habits, and stay inspired to pursue our bigger goals.
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.
Varun Beverages Q1 results: Net profit rises 15.1% to 1,525 crore
On the earnings call, companys management said FSSAI has given timeline of 90 days for removal of 'energy drinks' descriptor from labels
Tata Sons Chairman voices high hopes for Tata Electronics even as net loss widens to 1,611 crore
Chandrasekaran underscored the critical need for domestic chip production to secure the nations economic independence in key technological sectors.
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.
HUL shares fall 7% as Q1 attributable profit drops 3% to 2,673 crore
Turnover grows to 17,184 crore, driven by 10% underlying sales growth and 5% volume growth
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.
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.
Delhi High Court stays FSSAIs prohibition of sale order on Dabur
The impugned order is stayed till the next date of hearing, says HC
Sundaram Clayton Q1 results: Consolidated net loss widens to 59 crore
Cites rising input costs and geopolitical uncertainty as reasons; Consolidated revenue up 16% to 592 crore
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%
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.
Loans against FCNR B deposits exempt from priority sector
The Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and NRE term deposits. This strategic shift ensures these loans will not factor into the mandatory priority sector lending requirements. Such measures have notably enhanced foreign exchange inflows. Additionally, there is a special facility available for banks to swap these deposits with the RBI.
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
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
NBFC gold jewellery loans jump 69 pc in June, fastest across segments: RBI data
Non-Banking Financial Company gold loans surged significantly by June 2026. Retail credit remained the primary driver for NBFC lending growth. Housing and vehicle loans also showed robust expansion during this period. Agriculture credit accelerated sharply, while industrial sector growth slowed down. Services sector lending moderated as trade and transport operators expanded credit slower.
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.
Carborundum Universal Q1 profit up 23%
India sees record EV retail sales in July
Total registrations neared 3.28 lakh units, jumping over 66% from the year-ago levels, according to FADA
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
India court grants Dabur interim relief against food regulator's order over '100%' claims
On August 3, the FSSAI said products sold on Daburs website claimed some of its products were 100% Natural, 100% Pure and 100% Organic, which were ambiguous, unverifiable and likely to mislead consumers
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.
