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Metas $18 billion teen safety settlement has a catch: TikTok, YouTube must follow suit
The settlement, announced on Wednesday, would impose some of Meta's toughest restrictions yet on how teenagers use Facebook and Instagram.
Banks, companies better positioned to weather next downturn: CS Setty, SBI, Chairman
The chairman of the State Bank of India underscores the nation's economic resilience, emphasizing the bank's robust standing in the financial sector. With a growth forecast of 7.5% and inflation consistent with RBI predictions, SBI is gearing up for a remarkable 14-15% rise in credit, driven by retail and SME sectors. The bank is also focusing on enhancing its fee income while aiming for a 1% return on assets.
HDFC Bank's CEO call gains urgency as Sashidhar Jagdishan's term nears end
The timeline stands in contrast to Jagdishan's previous reappointment. HDFC Bank's board had recommended a fresh three-year term for him on March 4, 2023, nearly eight months before his first tenure was due to expire. The Reserve Bank of India approved the appointment in September that year.
Hyderabad (Telangana) [India], August 27: Business leaders, entrepreneurs, technology professionals, innovators and senior executives from diverse sectors came together in Hyderabad on August 22 for the Global Business Excellence & Leadership Conclave 2026, held at ITC Kohenur.
Two Sigmas Feuding Founders Head to Arbitration in Fresh Battle
Two Sigma Investments billionaire founders are headed to another round of arbitration, the latest front in what seems to be intractable infighting at the quant trading giant.
Banks, FIU-IND work on sharper framework to flag money mule accounts
Banks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysis and pattern identification by the principal officer. Artificial intelligence and machine learning tools are now being deployed. This initiative follows parliamentary committee recommendations for accountability. The goal is to recover funds and prevent financial system misuse.
TCS Q1 variable pay: Mid, senior employees get 60-70% while juniors receive full payout, says report
Tata Consultancy Services has reportedly lowered variable compensation for mid- and senior-level employees in the April-June quarter, disbursing only 60-70% of eligible pay as operating margins shrink amid investments in artificial intelligence, according to a Moneycontrol report.
IndiaFirst Life bets on agentic AI for long-term gains, ties-up with Salesforce
IndiaFirst Life has partnered with Salesforce to deploy autonomous AI agents across core sales and customer operations, aiming for long-term growth without immediate staff cuts.
Tata Power loses challenge to $490 mn arbitration award in Russia coal case
Singapore court upholds a $490 million arbitration award against Tata Power over a failed joint bid for a Russian coal asset and rejects the company's natural justice challenge
No logistical challenges if lower ethanol blend is introduced: Bharat Petroleum chief
Discussions on re-introducing the E10 variant gathered steam after Chief Economic Advisor V. Anantha Nageswaran's recent observation to explore such a possibility
Walt Disneys powerful message centers around the importance of self-acceptance and embracing ones individuality. He believed that loving oneself fosters uniqueness, an essential trait in a world full of comparisons. Disneys own journey exemplified how creativity and bold, individual choices can lead to success. His enduring legacy teaches us that our differences can be valuable assets, fueling both personal growth and meaningful contributions to society.
HDFC Bank staff help prevent Rs 1.12-crore 'digital arrest' fraud
HDFC Bank employees took swift action to block a potential digital scam targeting elderly clients. An attentive staff member noticed an anxious couple trying to send a hefty amount of money while on a video call with someone unknown. Reacting promptly, the bank team identified the suspicious activity and successfully protected the seniors from losing Rs 1.12 crore, showcasing their commitment to customer safety.
Hero MotoCorp to increase stake in Ather with $184 million share purchase
Hero MotoCorp on Thursday said it would buy additional shares of Ather Energy for up to 17.58 billion rupees ($184.01 million), raising its stake in the electric scooter maker to 32.8%.
Two systems: Rahul attacks Modi government over NCLT settlement plan for Subhash Chandra
Congress general secretary Jairam Ramesh described the settlement as 'not just a haircut' but a 'mundan'
ESDS Software raises Rs 216 crore from anchor investors ahead of IPO; Quant MF among top buyers
ESDS Software Solution raised Rs 216 crore from anchor investors ahead of its Rs 720 crore IPO, opening August 28. Priced at Rs 408-429, the fresh issue will fund cloud computing equipment, data centre infrastructure and corporate needs.
Sebi proposes merchant banker exemption for small-value private debt issues
Sebi has proposed waiving mandatory merchant banker appointments for eligible listed issuers raising small-value debt privately. The move aims to cut costs and delays, while safeguards would restrict exemptions to regulated companies issuing senior secured debt rated AA- or higher.
Indias entertainment & media sector to grow to $36.7 billion by 2030: PwC
Internet advertising remains the primary growth engine and is projected to nearly double from $7.5 billion in 2025 to $14.3 billion by 2030, growing at a 13.9% CAGR supported by acceleration in search and video advertising
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities ended sharply lower on Thursday as expiry-day volatility intensified after the first monthly expiry under the Closing Auction Session. Sensex fell 539 points and Nifty 117 points, while technical indicators signalled weakening momentum amid global and geopolitical uncertainty.
Nothing Before Coffee plans to add over 60 outlets this year
Over the years, the brand has expanded across metro, Tier-II and Tier-III markets, taking its caf experience to a wider and increasingly aspirational consumer base
Alpha Wave offers $137 mn Lenskart stake as investor exits gather pace
The floor price is 630 per share, a 1.7% discount to Lenskarts closing price on the National Stock Exchange on Thursday.
Dream11 pulls from fantasy games to build global sports engagement platform
Dream11 on Thursday said it has moved away from pure-play fantasy sports to building a global sports engagement platform. Dream11 was India's biggest fantasy game company before the government imposed a blanket ban on the category a year ago. Dream11 today completes its pivot away from pure-play fantasy sports to becoming a global sports engagement platform. It has discontinued all prizes to focus only on sports content, live streaming, stats, scores, commentary, community, experiences, and social contests, the company said in a statement. The statement said Dream11 will be transitioning to an AI-first platform, building a highly personalised experience for users based only on their favourite sports, leagues, teams and players. The platform will also be multi-sport, addressing a global gap and positioning itself as a single destination for sports fans worldwide, the statement said.
Achieving free cash flow critical for Vodafone Idea, says Kumar Mangalam Birla
The telco is also assessing fixed wireless home broadband, even as analysts warn of widening cash losses.
Google eyes first phase of Vizag AI hub by 2028, full operations in 5 years
Google expects the first phase of its 1 GW Visakhapatnam AI data centre to be operational by late 2028 and aims to complete all phases over the next five years
Tata Motors unveils tata.cars as new passenger vehicle identity, retains tata.ev
The automaker is putting its passenger-car business under a new master brand while preserving tata.ev as its dedicated electric-vehicle identity
NSE IPO: Sebi approval likely soon, says chairman Tuhin Kanta Pandey
NSEs much-awaited IPO could be nearing launch as Sebi chairman Tuhin Kanta Pandey says approval of its DRHP is close. The entirely offer-for-sale issue involves 148.9 million shares, or 6% stake, with valuation potentially reaching 5.26 lakh crore.
LTM inaugurates global delivery & AI competency centre in Kolkata
The company sees real potential to grow it into larger technology for innovation for group, says L&T CMD SN Subrahmanyan
Tata Motors PV unveils Tata.cars as new customer-facing brand identity
'Nothing's too far' becomes new brand promise as carmaker seeks sharper consumer identity following demerger; Tata.ev will continue for electric cars
Cult.fit eyes 100 cities in 4-5 years; CEO says IPO timing will depend on investor feedback
The company, which filed its DRHP in July, is still in the early stages of the IPO process and has yet to receive meaningful market feedback
Lenskart shares block deal: Alpha Wave Ventures II likely to sell 1.2% stake worth Rs 1,313 crore
Alpha Wave Ventures II plans to sell up to 20.8 million Lenskart shares worth 1,313 crore at 630 apiece, a 1.7% discount. The secondary transaction represents about 1.2% stake, with Lenskart receiving no proceeds from the sale.
Odisha widens probe into Vedanta water use, seeks historical drawal records
Water Resources department seeks details of Vedanta's water sources and drawal history amid allegations of unauthorised groundwater and river-water extraction
ChatGPT Ads set to rewrite the rules of digital advertising in India
The initiative aims to enhance consumer engagement through contextual advertising, targeting logged-in adult users on ChatGPTs Free and Go plans.
No major challenge likely in E10 petrol supplies, several aspects under consideration: BPCL CMD
Oil marketing companies are prepared to supply petrol containing up to 10% ethanol, as the existing network can dispense it, says Sanjay Khanna, chairman and managing director of BPCL.
Surge in cooling demand leaves 28% of thermal power plants with critical coal deficit
Higher demand for cooling leads to record coal burn at power plants
IHCL announces its first branded villa project, expands presence in segment
The project is spread across 34 acres and will comprise 32 branded villas and a 100-key Taj resort
Pyaz kachori to Tunday kebabs: Swiggy's train food orders surge 12-fold
The service now covers 201 stations, up from 66 in 2024, with adoption in tier-2 and tier-3 cities growing twice as fast as in metros over the past two years
Yamaha rides into 200 cc segment with new YZF-R2, priced at 2.30 lakh
Yamaha's first offering in India's 200 cc segment comes with a 204 cc engine producing 26.5 PS of power; deliveries are set to begin by mid-September
Sebi chief Tuhin Kanta Pandey clarifies on CAS changes after big Sensex expiry-day swing
Sebi Chairman Tuhin Kanta Pandey said the regulator has no plans to change the Closing Auction Session despite sharp expiry-day swings. Sebi expects participation and understanding to improve, while monitoring liquidity concerns and alleged manipulation. NSE IPO approval is also nearing.
Calcutta Stock Exchange seeks Sebi nod for trading comeback
The 118-year-old Calcutta Stock Exchange is seeking Sebi guidance on reviving equity trading through interoperability or a new clearing corporation. The bourse is evaluating regulatory compliance options, with interoperability via NSE or BSE potentially offering a faster route.
Alpha Wave Ventures to sell up to 1.2% stake in Lenskart for 1,313 crore
The deal has been launched at a floor price of 630 per share, a 1.7% discount to Lenskarts closing price of 640.60 on the NSE on Thursday
RMSI's new tool to offer localised climate risk intelligence to enterprises
RMSI is a tech company delivering advanced solutions in geospatial intelligence, AI, and smart automation to help enterprises address complex challenges such as climate change and disaster management
TN CM inaugurates Pinhole Pupilloplasty Centre at Dr Agarwals Eye Hospital
Instead of replacing the cornea, PPP modifies the eyes optical system by creating a small, precisely centred pupillary aperture
Yamaha India eyes expansion as plants near full utilisation, sounds cautious on E2Ws
Yamaha sees India as a key growth engine alongside Indonesia and seeks a bigger role for the country in its global business; says profitability and the battery supply chain remain key constraints for E2Ws
Mid-market firms to drive next wave of India GCC growth: Embark
Today, when theres much talk about AI, there is more acceptance of setting up smaller centers because these are no longer back-office centres but capability hubs in their true sense, Aravind Maiya, co-founder and CEO of Embark, explained.
Indias EV market to hit 20L cr by 2030, create 5 cr jobs: Gadkari shares new vision at CII Summit
NCLT clears Subhash Chandras 6.5 crore repayment plan against 22,006 crore claims
Creditors approved the proposal with an 80.8% vote despite admitted claims of over 22,000 crore
Subhash Chandra insolvency: How creditors will recover just 3 paise for every 100 owed | Explained
Subhash Chandra insolvency case: The NCLT has approved a repayment plan for Subhash Chandra, offering creditors around 6.5 crore against 22,006.57 crore in claims. The decision means a nearly 99.97% haircut and raises questions over creditor commercial wisdom.
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 Incs revenue growth to slow to 13-15% in Q2, margins under pressure: ICRA
Operating profit margins could contract by 100-150 basis points year-on-year in Q2, pressured by high raw material, fuel, freight and packaging costs
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
Oil companies deliberating on aspects of supplying E10: BPCL CMD
Khanna explained that the challenges such as those related to supplying (E10) and whether the ROs can handle another grade of petrol simultaneously are being vetted out
ACME Solar secures 1,571 cr IIFCL funding for 300 Mw Rajasthan project
IIFCL will be the sole lender for the project with a repayment tenor of 19 years; the 2,123 crore project will integrate a 1,350 MWh battery energy storage system
Temasek-backed Sembcorp Green Infra files DRHP for IPO
A portion of the Net Proceeds is proposed to be utilised by our Company to repay/prepay loans
India Ratings forecasts bank credit growth at fifteen percent for fiscal year twenty twenty-seven. Lenders will face profitability challenges due to new provisioning requirements. Deposit growth is expected to increase, helping to moderate loan-to-deposit ratios. Non-banking finance companies will focus on asset quality amid global headwinds.
Subhash Chandra says NCLT insolvency claim is 3,992 cr, not 22,000 cr
Essel Group founder says lenders objecting to his repayment plan filed claims worth 3,992 crore, while the 22,006 crore figure represents total claims filed
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.
India Ratings lifts bank credit growth forecast, but warns of margin pressures
India Ratings maintained a neutral outlook on the banking sector, saying the latest 19.3% credit growth is being driven largely by lower-yielding corporate and NBFC loans rather than a broad-based acceleration in lending.
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.
Sundram Fasteners launches submersible pumps for agricultural use
It offers an opportunity to apply our engineering capabilities to address the needs of rural India, said SV Mahesh, Executive Director of the company
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.
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.
New Delhi [India], August 27: Ai+ Smartphone today announced the rollout of Nova_2_Ultra_SW_V10 (build Nova_2_Ultra_SW_V10_20260823) for the Ai+ Nova 2 Ultra, focused on enhancing camera stability, connectivity, and the overall system experience. The update is part of Ai+ Smartphone's ongoing effort to refine the user experience through continuous software optimisation and feedback-led improvements.
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.
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.
Singapore MP opposes use of Temasek funds to support Air India
Opposition lawmaker says Singapore Airlines should fund any further Air India capital on its own
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.
Dilmah Presents Thambapanni Luxury Collection: A Premium Tea Range Crafted Exclusively for India
New Delhi [India], August 27: Dilmah, the globally acclaimed pioneer of Single Origin Ceylon Tea, has announced the launch of its Thambapanni Luxury Collection. The ultra premium teas are crafted exclusively for India, and presented by Dilhan C. Fernando and son Amrit in a series of invite-only events across Bangalore, Delhi and Mumbai. Created for luxury hospitality in India, the collection brings Dilmah's distinctiveness as growers with uncompromising commitment to purity, provenance, taste and goodness and their philosophy of ethical business to discerning consumers in the country.
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?
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.
Healthcare becomes private credit's No 2 sector with 13% share H1 2026: EY
India's private credit market saw 102 deals worth $3.5 billion in H1 2026, with domestic funds leading the market and healthcare moving into second place, finds report
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.
