30 C 
Singapore-based Hillhouse plans to double India investments with real estate, data centres in focus
Hillhouse Investments plans to double its India investments over the next few years. Real estate is a key focus area for the global investment firm. Data centers represent a significant long-term opportunity for substantial growth. The firm has already deployed over two billion dollars in India. Hillhouse aims to build a full-stack platform supporting India's macro drivers.
Bank of America is set to invest a substantial $1.9 billion into Jio Financial's Jio Credit, marking a significant show of confidence in India's booming retail loan sector. This collaboration merges Jio's innovative digital capabilities with the seasoned financial knowledge of Bank of America, enabling a strategic expansion in the rapidly growing Indian economy. Regulatory approvals will be required to finalize this impactful venture.
Corporate cover rates decline amid ample capacity
Insurance rates for fire, cyber, professional indemnity and directors liability fell sharply in the June quarter as abundant capacity intensified competition. Marsh India expects the buyer-friendly market to persist, with companies using lower prices to secure broader coverage and higher limits.
Mumbai (Maharashtra) [India], August 13: India's growing importance in the global food and beverage industry will take centre stage at Anuga Select India 2026, as international food businesses, country pavilions, buyers and industry stakeholders come together for three days of sourcing, trade, innovation and business networking.
Employers can now contribute $2,500 each year to Trump Accounts designed for children's savings. Alongside this, employees have the option to make pre-tax payroll contributions to these accounts. Known as Invest America accounts, the initiative seeks to boost awareness and encourage responsible savings for the future. Additionally, Michael Dell's foundation has pledged a whopping $6.25 billion to enhance savings programs for children across the U.S.
Explosion, Fire Reported at KNDS Ammunition Plant Near Rome
A KNDS NV plant southeast of Rome that makes ammunition for land and naval forces was rocked by a fire and explosions, prompting an evacuation of company personnel.
AMD plans to raise as much as $5 billion from debt offering: Report
The debt offering comes as AMD ramps up spending to meet surging demand for computing capacity driven by the AI boom.
Air India faces challenges; group plans to induct over 100 planes in 2 yrs
Air India is facing challenges due to external volatility but remains focused on the profitability path and plans to induct over 100 new planes over the next two years, its CEO Campbell Wilson said on Thursday. The loss-making airline has been facing multiple headwinds, and a leadership transition is happening, with former Ethiopian Airlines Group chief Tewolde Gebremariam set to take over as the CEO and MD from Wilson. During a townhall with staff, Wilson, who is likely to leave the airline next month, said the annual salary increments will come into effect from October 1. The recently revised pay structure for pilots will also be effective on the same date, according to sources. Earlier this year, the increment cycle was deferred by one quarter amid the West Asia turmoil significantly impacting flight operations and costs. Talking about the future trajectory, Wilson said the group expects to induct over 100 new planes in the next two years and that 16 Boeing 787-8 aircraft are t
Tata Motors PV profit plunges 79% as JLR weighs on India gains
The steep fall in profits reflected JLRs 74% y-o-y fall in profit after tax to 66 million, while operating profit margins declined 120 basis points (bps) to 2.8%.
Mining Amendment law does not impinge upon States rights: Minister
Coal and Mines Minister G. Kishan Reddy says the legislation extends to only major minerals across eleven States
FPIs emerge as biggest sellers among anchor investors in IPOs' 30-day window: Sebi study
Foreign portfolio investors led anchor investor selling in IPOs. Heavy anchor exits around the 30-day unlock window pressured stock prices. Smaller IPOs experienced higher anchor investor exits and selling intensity. Anchor investors continued selling beyond prescribed lock-in periods significantly.
Manali Petrochemicals Q1 FY27 consolidated net profit rises over 4x
Consolidated revenue rose by 17 per cent to 275 crore, up from 235 crore
Promoters pare stakes in UltraTech, Thyrocare through block deals
Pilani Investment sold a 0.85 per cent stake in UltraTech Cement for Rs 2,896.3 crore, while Thyrocare promoter Docon Technologies sold a 9.9 per cent stake.
Leicester's Thai owners put troubled club up for sale: reports
Leicester City's Thai owners, King Power, have reportedly placed the club up for sale. This comes after successive relegations from the Premier League and Championship. The club was also docked six points for financial rule breaches last season. A US investment bank is assisting in finding a buyer for the club. The Foxes begin their League One campaign this Saturday.
JSW Cement posts 161 crore Q1 profit as revenue rises nearly 22%
JSW Cement reported a net profit of Rs 160.64 crore in Q1 FY27 against a year-ago loss of Rs 1,356.17 crore, while revenue from operations rose 21.57 per cent YoY.
'This was my World Cup' says Somali ref after UEFA Super Cup
Somali referee Omar Artan officiated the UEFA Super Cup after missing the World Cup. He was denied entry to the United States due to alleged terrorist ties. UEFA offered him the Super Cup match after the Miami incident. Artan expressed gratitude to UEFA and the Confederation of African Football. This appointment also signifies a political gesture by UEFA towards FIFA.
US can keep naval blockade on Iranian ports indefinitely, Pentagon chief says
US Defense Secretary Pete Hegseth stated the Navy can maintain an indefinite blockade of Iran. Ships will be rotated in and out of the region as needed for sustained pressure. President Donald Trump asserted complete control over the Strait of Hormuz. The US Navy has redirected over fifty commercial vessels attempting to breach the blockade. Military forces have also disabled and boarded several ships during operations.
Israel sends troops into West Bank homes besieged by Jewish settlers
Israeli troops occupied Palestinian homes in Qusra village on Thursday. Settlers had trapped Palestinian families in a siege since the weekend. The United Nations reported some fifteen Palestinians were trapped without water or electricity. The Israeli military stated soldiers were deployed to protect residents and maintain security. The U.S. Ambassador called the settlers Israeli terrorists and their actions criminal.
An explosion strikes an ammunition plant near Rome; no injuries reported
An explosion struck an ammunition manufacturing plant in Colleferro near Rome on Thursday. Local authorities confirmed the incident at the former Simmel Difesa facility, now KNDS Ammo Italy. Initial reports indicated no injuries and all workers were safe following the blast. The explosion may have originated in the plant's powder-pressing department. Emergency crews responded to the site as the fire continued to burn.
Bangladesh orders malls and markets to shut by 8 pm as it faces 12-hour power cuts
Bangladesh has enforced earlier closing times for businesses to save electricity. Severe gas shortages are significantly impacting the nation's power generation capacity. Load-shedding now extends for up to twelve hours daily across several regions. Global energy market volatility, including the Iran crisis, exacerbates import challenges. The country faces a persistent gap between its energy demand and available supply.
Quote of the Day by Cher: Chers quote, If you really want something you can figure out how to make it happen, explores the importance of determination, ambition, and persistence in achieving personal goals. The quote suggests that when a person genuinely wants something, they can look for solutions, overcome obstacles, and find ways to turn their dreams into reality rather than allowing difficulties or setbacks to stop them.
Quote of the day by Lewis Carroll: Lewis Carroll's quote distinguishes genuine joy from mere amusement. He believed true happiness aligns with life's deeper aspects. Constant mockery can diminish the importance of serious matters. Finding a balance between humor and seriousness is a key life lesson.
US judge dismisses Trump administration lawsuit alleging Harvard failed to protect Jewish students
A federal judge dismissed a lawsuit filed by the Trump administration against Harvard University. The administration alleged Harvard failed to protect Jewish and Israeli students from harassment. Judge Richard Stearns ruled the lawsuit did not show an ongoing civil rights violation. This decision means the legal challenge against the university has been unsuccessful. The court found no plausible evidence of current federal law breaches on campus.
Max Healthcare to explore setting up medical colleges
The company has not announced any specific location or timeline for setting up a medical college. Its disclosure only states that it will explore the possibility of establishing medical colleges or medical institutions
Aditya Birla Group levies royalty on Grasim, Hindalco, Novelis for brand use from June 2026
Aditya Birla Group companies will pay a brand royalty starting June 2026. A 0.25% revenue royalty is mandated, capped annually at Rs 225 crore. Grasim Industries expects royalty payments well below the established ceiling. Hindalco and Novelis will also adopt this new royalty payment structure. This transition marks a move towards more structured corporate governance practices.
Tata Motors reassures investors after N Chandrasekaran's exit: We will remain fully focused
The automaker recently outlined plans to invest 330 billion to 350 billion rupees ($3.46 billion-$3.67 billion) in its passenger and electric vehicle businesses between FY26 and FY30.
Quote of the day by Tom Holland: Tom Holland's famous quote, I think the most important thing is to be grateful for what..., is a simple reminder to be grateful for what we have. The Spider-Man stars words carry a message about happiness, family, love, and meaningful relationships. In a world that moves fast, this quote asks us to pause. Sometimes, appreciating the people and moments in our lives is the greatest lesson of all.
Ahead of Market: 10 things that will decide stock market action on Friday
Sensex gained 114 points while Nifty fell over 40 points on expiry day, reflecting divergent benchmark moves. Softer inflation supported sentiment, but elevated crude prices and geopolitical risks kept investors cautious, with Nifty remaining rangebound between key technical levels.
Indraprastha Gas Q1 net plunges 48% as volatile LNG prices hit margins
IGLs margins were impacted despite a 6% growth in average daily sales.
Govt mandates alternative fuel facilities at every third fuel outlet
The move seeks to accelerate the adoption of cleaner fuels, reduce dependence on imported crude, curb pollution and promote energy security
Tata Trusts begins process to select Chandras successor as Tata Sons Chairman
Tata Trusts said it respects Chandrasekarans decision not to offer himself for reappointment as Chairman
Brigade Enterprises Q1 profit rises 33% on higher realisations, lower costs
Brigade Enterprises' average realisation rose 21 per cent YoY to Rs 14,256 per sq ft, while total expenses declined 17.75 per cent to Rs 936.51 crore in Q1 FY27.
Brigade Group profit rises 37% to 217 crore in Q1
Revenue falls 12% in Q1FY27
Elgi Equipments Q1FY27 net profit grows 20 per cent
Consolidated net profit for the quarter stood at 103 crore
Ride-hailing app Rapido gets Karnataka licence for cab services till 2031
Over the years, Rapido has built a presence across 21 cities in the state, supporting over 3.14 lakh captains and serving more than 2.04 crore registered customers.
Indias Q1 pharma exports up 6.8% to $8.1bn; U.S. remains largest export destination
NAFTA (North American Free Trade Agreement), Europe, Africa and Latin America and the Caribbean (LAC) continued to be the key destinations region-wise, accounting for nearly 75% of the export
Niti Aayog identifies 12 sectors to drive Indias global manufacturing push
Niti Aayog and Crisil have identified 12 sectors where India can aim for global manufacturing leadership by 2047. The report warns India must shift from scaling output to building value addition, tech depth and supply-chain integration.
Veranda Learning PAT up nearly 6X at 34 crore
Revenue growth was driven by a surge in enrollments from 77,264 in Q1FY26 to 1,03,963 students in Q1FY27
Aditya Birla Group to levy royalty on Group cos for brand usage
The royalty will be applicable from June 1 and will have an annual cap of 225 crore
LG India net profit up 27 per cent, revenues up 15.5 per cent
The company said profitability outpaced revenue, driven by a richer premium mix, better operating leverage on higher volumes and continued cost discipline
Sebi seeks public comments on review of Accredited Investor framework
SEBI has proposed revamping Accredited Investor rules by adding securities-market assets as an eligibility criterion, simplifying accreditation and expanding deemed eligibility. The changes could increase eligible investors to nearly 4 lakh and ease access to alternative investment products.
LG Electronics India Q1 FY27 results: Net profit rises 27.2% to 653 crore
LG Electronics India's Q1 profit rose 27% as premium demand lifted revenue and margins, with exports and new Sri City capacity supporting its growth strategy
Swan Corp reports 31 crore loss in Q1 as revenues fall
Distribution business drags overall performance; shipyard revenue rises sharply to 31 crore
JSW Cement Q1 net profit at 161 cr, revenue up 22% on demand, price hikes
India's JSW Cement reported a first-quarter profit on Thursday, as healthy demand and price hikes helped offset cost pressure.
New Delhi [India], August 13: GACM Technologies Ltd (BSE: 531723, NSE: GATECH) has suddenly become difficult to ignore. The sub-1 stock has gained around 56% in the past one month, moving from roughly 0.48 to 0.75, while the company has simultaneously opened a 49.50 crore Qualified Institutions Placement at 1 per share. With the market price still below the institutional issue price, the gap has naturally caught the attention of investors tracking small-cap stocks.
Honasa bets on younger brands, new categories after Q1 profit doubles
Mamaearth parent Honasa Consumer plans to scale younger brands and enter fragrance after profit more than doubled in Q1FY27
Royal Enfield inks 3-year wage deal for Vallam Vadagal plant workers
As per the agreement between the union and Vallam Royal Enfield Employees Collaborative Union, a 40,000 increase, including welfare benefits, will be paid for 3 years
While Tata Trusts does not play a role in the day-to-day management of the conglomerate, its shareholding in the parent company gives it decisive influence over the group's future.
DCW plans to expand its Synthetic Iron Oxide Pigment capacity by 50%
Announces Rs 250 cr strategic investment programme
TVS Motor Company launches TVS King EV MAX in Sri Lanka
TVS Motor Company (TVSM) launched its connected passenger electric three wheeler, TVS King EV MAX in Sri Lanka.
Edible oil prices may stay firm until November, adding to inflation risks
Higher global prices and import costs are keeping Indias edible oil market under pressure, while the benefits of higher oilseed sowing are unlikely to be felt until the new crop arrives.
Tata Motors EV demand triples; Punch EV waiting period tops 8 months
Tata sees EVs as its principal strategic powertrain bet. EV and CNG respectively accounted for 19% and 27% of Q1 volumes
Time Technoplast wins order of Rs 2.48 cr
For NTPC's Hydrogen-Powered Locomotive Pilot Project (Railway)
Bengaluru (Karnataka) [India], August 13: Soult, India's only digital life vault, successfully hosted Soult Dialogues: Legacy Readiness, Protecting What Matters on 6 August 2026 at JW Marriott Bengaluru. The invite only leadership forum brought together more than 50 CEOs, CFOs, CHROs, and senior professionals from law, banking, insurance and family advisory backgrounds for an evening dedicated to a subject most workplaces still avoid: legacy readiness.
Hinduja Group to invest 2,500 cr in TN across renewables, EV ecosystem
The investment includes over 200 MW of renewable energy projects and electric buses, spanning solar, wind, battery technologies, charging infrastructure and mobility solutions
July saw strongest-ever monthly auto sales: SIAM
PV sales up 34%, two-wheelers grow 23%; demand conditions seen improving ahead of the key festive period
Piccadily Agro Q1 FY27 revenue up 18%, branded spirits drive growth
EBITDA increased 21% to 47.2 crore, with margins up 30 basis points to 18.5%; Net profit grew 15.4% to 21.8 crore, and earnings per share rose 10.5% to 2.21
Mirae Asset Venture closes MAVOF II at 1,125 cr
MAVOF II is MAVI Indias third dedicated India-focused private fund and will primarily target early-growth businesses
The exercise was being undertaken even though the airline already fully complies with requirements prescribed by Indias aviation regulator.
IGL Q1 profit falls 44% to 238 crore as volatile LNG prices weigh
Indraprastha Gas reported a 16.5 per cent rise in total income to Rs 5,145 crore in the June quarter, while overall sales volume grew 6 per cent year-on-year
Montra Electric enters international markets with first Super Auto exports
Powered by a 9 kWh battery pack, the Super Auto offers an optimal driving range of 150 km on a single charge and a top speed of 55 kmph.
Sebi proposes asset threshold for individuals, corporates to widen accredited investor pool
Sebi is set to broaden the criteria for accredited investors, allowing individuals boasting securities assets of Rs 5 crore to qualify for participation. Additionally, body corporates with assets totaling Rs 20 crore will also be considered eligible. This strategic move is designed to encourage greater engagement in alternative investment funds. Interested parties are invited to submit their public comments by September 3.
Krafton India plans to diversify investments into AI startups, VC funds
The BGMI maker has invested close to $250 million in India over the past four to five years and plans to continue investing roughly $50-60 million in companies and funds.
Honasa Consumer posts record quarter, PAT more than doubles to 90 crore in Q1FY27
Revenue rises 32% to 785 crore
Murugappa's Montra Electric goes global, enters Nepal, Tanzania, W-Africa
The Murugappa Group's green mobility brand has begun exports of its Super Auto to Nepal and Tanzania and secured orders across West Africa as it targets high-growth EV markets.
TVS Srichakra more than doubles its profit in Q1 FY27
The tyres and tubes manufacturers top line came in at 1,068 crore as against a profit of 34 crore
Retail lending slows at banks in Q1 as corporate loans pick up pace
Banks attribute the strong growth momentum in corporate loans to a pick-up in demand from sectors such as renewables, power and data centres.
Gaja Capitals 550 cr IPO to mark Indias first listed PE firm
The company fixed the price band of the IPO between 152 to 160 per equity share and can be bid in lots of 93 shares or multiples thereof
Honasa Consumer net profit soars to 90 crore in June quarter, revenue up 27 per cent
Revenue from operations increased 27 per cent year-on-year to 756 crore
TaMo PV Q1 PAT falls 80% as JLR volumes, higher commodity costs weigh
TaMo eyes 70% volume growth in EVs for FY27; expects domestic PV industry to grow 10%
TCS will partner with VodafoneThrees enterprise arm for digital adoption
The partnership builds on VodafoneThrees 11 billion investment to create the UKs best network for business
SIAM to undertake scientific study to examine concerns on E20 fuel, denies report
SIAM said it will undertake a proper scientific study with inputs from its Members and relevant technical experts, to ensure that any future submissions are based on thoroughly validated and representative evidence
Gokaldas Exports sees more global apparel sourcing shift to India
The company also said it is noticing a broad-based move to explore India across product categories
'You don't want people to remain healthy?': Supreme Court warns FSSAI over food warning labels
The Supreme Court gave FSSAI two weeks to take a final call on front-of-pack warning labels for packaged foods high in sugar, salt and saturated fat, amid concerns over corporate pressure and public health.
L&T secures mega order towards larger plan of building Indias largest NVIDIA B300 AI factory
Marking its foray into AI Factory business, L&T will deploy NVIDIA infrastructure at its Chennai data centre campus
INR weighed down by weak investor sentiments; Falling oil prices limit losses
The Indian rupee depreciated 12 paise to 95.45 against the US dollar on Thursday, weighed by weak domestic markets and persistent foreign fund outflows amid lingering geopolitical risks. Local shares cut early losses to end mixed. Investors heaved a sigh of relief as cooling U.S. inflation prompted bets the Federal Reserve would leave its policy rate unchanged at its September meeting. Falling oil prices also lent some support and contributed to value buying at lower levels. Brent crude prices were down more than 2 percent today, snapping a six-day advance after EIA data showed a massive increase in U.S. oil inventories last week and the International Energy Agency (IEA) cut its 2026 global oil demand outlook. However, investor sentiment remains fragile on the delay in the deal between the US and Iran and the broad strength of the American currency in the overseas markets. At the interbank foreign exchange, the rupee opened at 95.40 against the greenback and traded in a range of ...
Milky Mist Dairy Food IPO subscribed 56.12 times
The offer received bids for 459.03 crore shares as against 8.17 crore shares on offer.
Tata Motors PV Q1 PAT tumbles 80% YoY to Rs 775 cr
Tata Motors Passenger Vehicles (PV) reported a sharp 80.25% decline in consolidated net profit to Rs 775 crore in Q1 FY27 compared with Rs 3,924 crore posted in the corresponding quarter of the previous year.
India's crude oil demand to surge 7% in 2027
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City Pulse Multiventures consolidated net profit declines 38.18% in the June 2026 quarter
Sales decline 1.75% to Rs 1.12 crore
Aartech Solonics consolidated net profit rises 63.54% in the June 2026 quarter
Sales rise 67.97% to Rs 7.29 crore
Hazoor Multi Projects consolidated net profit declines 97.82% in the June 2026 quarter
Sales decline 33.53% to Rs 119.66 crore
3B Blackbio DX consolidated net profit declines 24.31% in the June 2026 quarter
Sales rise 50.65% to Rs 33.49 crore
Trinity League India reports consolidated net loss of Rs 0.06 crore in the June 2026 quarter
Reported sales nil
Keynote Financial Services consolidated net profit declines 7.80% in the June 2026 quarter
Sales rise 23.75% to Rs 19.38 crore
Diamond Power Infrastructure consolidated net profit rises 256.19% in the June 2026 quarter
Sales rise 128.57% to Rs 689.88 crore
Madhav Marbles and Granites reports consolidated net loss of Rs 0.80 crore in the June 2026 quarter
Sales decline 1.49% to Rs 7.91 crore
Welspun Living consolidated net profit rises 83.59% in the June 2026 quarter
Sales rise 23.66% to Rs 2795.45 crore
Sales decline 96.43% to Rs 0.01 crore
Weizmann consolidated net profit rises 18.33% in the June 2026 quarter
Sales rise 5.84% to Rs 31.74 crore
