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New Delhi [India], August 17: The Millennium Group of Schools, one of India's leading K-12 institutions, today announced the launch of the Millennium AI Creators Championship 2026, a first-of-its-kind national initiative designed to inspire school students to harness Artificial Intelligence responsibly while nurturing human creativity, innovation and future-ready skills. Open to students from Grades 5 to 12 across schools in India, the championship is free to participate, with registrations opening on 15th August 2026 and entries being accepted until 31st August 2026. The winners of the nationwide competition will be announced on 12th September 2026.
Govt to announce high-powered panel on banking reforms for Viksit Bharat
Finance minister Nirmala Sitharaman says PSB Confluence deliberations will provide substantive inputs to the proposed panel as banks prepare for the next phase of growth.
Om Infra executes supplementary agreement for ongoing water project in UP
Om Infra has received Letter of Award for execution of a Supplementary Agreement from the Office of the Superintending Engineer, Circle Office, Uttar Pradesh Jal Nigam (Rural), Lucknow, Uttar Pradesh.
USS Abraham Lincoln heads home as CENTCOM chief praises crews resilience
US Central Command chief Adm Brad Cooper lauded USS Abraham Lincoln sailors for their resilience. He highlighted the aircraft carrier's low mental health cases during its deployment. Cooper's visit occurred amid heightened regional tensions with Iran. The USS Abraham Lincoln is nearing the end of its Arabian Sea operations. This visit was part of a six-country West Asia tour by the commander.
Quote of the day by Hugh Jackman focuses on defining moments, risk, vulnerability and courage. Hugh Jackman says people should look beyond goals and pay attention to situations that test them under pressure. His words suggest that growth can come from taking action, accepting failure, facing others and making decisions when the outcome is not certain.
INR settles lower amid muted equities and elevated oil prices
The Indian rupee depreciated 19 paise to close at 95.61 (provisional) against the US dollar on Monday, amid weak domestic equity markets and a surge in crude oil prices. The USD/INR pair is likely to trade with a slight negative bias, pressured by the delay in the deal between the US and Iran, rising crude oil prices and broader dollar support. Moreover, investors' sentiment turned cautious after the Reserve Bank of India on August 14 said that its swap facility for FCNR (B) deposits will be available only for deposits mobilised till August 31. Indian shares ended Monday's session lower as investors digested weak economic data from the U.S., Japan and China, and kept a close eye on geopolitical developments in the Middle East, adding pressure on rupee.
Deep underground, bacteria may offer a new answer to uranium contamination. In a 130-day laboratory experiment, microbes fed with glycerol removed about 95% of dissolved uranium from contaminated mine water. The bacteria did more than trap the radioactive metal. They helped form FeU(V)O, a rare and unusually stable uranium compound. The finding could reshape research into uranium bioremediation, groundwater cleanup, and radioactive waste control.
In an innovative study, a budding student fascinated by the word 'biomass' delved into the promising world of algae as a source of biofuel. Remarkably, the introduction of vitamins accelerated the growth of algae, while adding salt significantly heightened lipid levels. The synergy from combining both treatments led to an impressive 77% increase in lipid production.
Suriya and Jyotika's Chennai home blends luxury with personal touches. The sprawling bungalow features grand interiors and a peaceful landscaped garden. Their residence also includes an ornate in-house temple for family rituals. Suriya's suits are organized by film roles, reflecting his cinematic legacy. His latest film, Vishwanth and Sons, has achieved significant box office success.
Stanley Lifestyles appoints Sudhir Iyer as Group Chief Financial Officer
Sudhir joins Stanley Lifestyles from Revathi Equipment (Dalmia Group), where he served as Group CFO & Vice President, leading financial strategy, business expansion and transformation initiatives. Prior to this, he held leadership positions at Goenka International and senior finance roles at Arvind Lifestyle Brands, where he worked closely with business leadership on financial performance, strategic decision-making and business growth.
Unemployment rate dropped to 5.1% in Jul-26 from 5.5% in previous month
The overall Labour Force Participation Rate (LFPR) for persons aged 15 years and above increased to 55.4% in July, 2026, from 54.4% in June, 2026. After declining from March to May, 2026 and remaining unchanged in June, 2026, the overall LFPR increased in July, 2026. The same trend was also observed in rural areas, where the LFPR for persons aged 15 years and above increased to 58.0% in July, 2026, from 56.6% in June, 2026, registering an increase of 1.4 percentage points. In urban areas, LFPR increased marginally, from 50.1% in June, 2026 to 50.4% in July, 2026.
KRBL Limited's Q1 FY27 PAT Rises 73% YoY; EBITDA Grows 65%
New Delhi [India], August 17: KRBL Limited, one of India's leading branded basmati rice companies and the company behind India Gate, the World's No.1 basmati rice brand, announced its consolidated financial results for the quarter ended June 30, 2026. KRBL's total income stood at Rs. 1,560 crore in Q1 FY27, compared with Rs. 1,617 crore in Q1 FY26. Revenue from operations was Rs. 1,496 crore, reflecting the impact of lower export revenue during the quarter.
Horizon Industrial Parks (HIPL) IPO subscribed 14%
The offer received bids for 3.52 crore shares as against 25.13 crore shares on offer.
New Delhi Television inks deal to acquire GoodTimes channel
New Delhi Television has entered into an Asset Purchase Agreement with Lifestyle & Media Broadcasting (seller) for acquisition of the business undertaking comprising the GoodTimes channel (business undertaking) for a lump sum consideration of Rs 18 crore.
Nifty slips below 24,300 on elevated crude prices; IT, FMCG stocks drag
Key benchmark indices started the week on a weak note on Monday, with the Nifty slipping below 24,300 as elevated crude oil prices weighed on sentiment. Brent crude hovered around $89 a barrel amid the lack of progress in ending the Iran conflict. IT, FMCG and consumer durables shares were under pressure while metal shares climbed.
Quick Wrap: Nifty IT Index falls 1.75%
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Guwahati (Assam) [India], August 17: In a heartfelt humanitarian initiative,Oasis Group has extended support to families severely affected by the devastating floods in Assam by providing essential day-to-day utilities sufficient to support more than 100 families for an entire month.
Nifty August futures trade at premium
BSE, Reliance Industries and Voltas were top traded contracts.
Sensex, Nifty ends lower amid Q1 earnings, subdued global cues
The Nifty settled below the 24,300 level, while market sentiment remained subdued in the absence of strong directional cues. Investors continued to monitor movements in crude oil and gold prices, along with developments on the global geopolitical front, for further indications on the market's near-term trajectory.
Hyderabad (Telangana) [India], August 17: Bondada Group celebrated India's 80th Independence Day by hosting 'Bharat Unbound - Celebrating the freedom to Dream, Create & Lead', an interactive platform that brought together students and young entrepreneurs for a conversation on entrepreneurship, leadership, resilience and the opportunities shaping India's future.
Japanese stocks rise as AI shares offset economic concerns
Chip and AI-related stocks led the gains, with Kioxia Holdings, Fujikura, Advantest, Furukawa Electric, and Tokyo Electron all rising. Financial and consumer stocks mostly fell.
Chinese stocks rise as technology shares lead gains
Cambricon Technologies, Zhongji Innolight, Eoptolink Technology, NAURA Technology, SMIC, and Hygon Information Technology were among the top performers. SMIC surged after reporting that its second-quarter profit more than tripled from a year earlier, while Hygon posted solid growth in revenue, profit, and R&D spending.
In a first, Bihar joins Centres direct pulse procurement network
The policy shift gives local growers direct access to the Centre's MSP mechanism for the first time, with agencies already procuring 3,000 tonnes of masoor.
L&T clinches 15,000 crore Middle East contract, boosts offshore energy order book
The contract involves the development of multiple offshore facilities and marks a significant addition to LTEH Offshores order book.
Euro currency speculators slightly add to net short position
Large currency speculators slightly increased net short in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 60010 contracts in the data reported through Aug 11, 2026. This was a weekly addition of 1919 net positions.
GIC Re pushes 50-50 international goal into long term as foreign book shrinks
GIC Re expects it could take three to four years to rebuild its foreign premium to 18,000 crore as softer reinsurance rates reduce premiums earned on the same risks.
TCS launches new agentic AI to transform drug development at scale
Tata Consultancy Services (TCS) has launched TCS ADD AgentHub, a role-based, enterprise ready, and trusted AI platform that enables the use of agentic AI in drug development at scale. This new agentic AI workforce transforms clinical trials and pharmacovigilance services while maintaining regulatory and audit requirements.
NITI Aayog has released a report assessing Indias regulatory framework for professional services and benchmarking it against select foreign jurisdictions, with the aim of identifying challenges and policy measures to strengthen the sector and unlock the potential of Indias skilled workforce. Professional services account for nearly one-fourth of Indias total services exports, according to the report. As knowledge-intensive, high-value activities, professional services contribute to downstream services, employment generation and remittance inflows, while playing a significant role in the broader services value chain. The report emphasises that a better understanding of the regulatory ecosystem is essential for unlocking further growth in professional services and strengthening Indias position in global markets.
Purple Style Labs to take Indian designer fashion to global consumers
Following its London presence, the company plans a new Experience Centre in New York, which management sees as an important milestone in its international expansion
Saatvik Solar inks MoU with Odisha for 3.6 GW solar cell manufacturing facility
New facility to form part of Saatvik Solars broader manufacturing development at Gopalpur, where it is already progressing with its Phase I integrated manufacturing facility
Turtlemint Fintech climbs after Q1 net loss narrows to Rs 38 cr
Turtlemint Fintech Solutions rallied 8.01% to Rs 148.30 after the company's consolidated net loss narrowed to Rs 37.78 in Q1 FY27 compared with net loss of Rs 46.69 crore in Q1 FY26.
Volumes jump at Physicswallah Ltd counter
Physicswallah Ltd witnessed volume of 808.08 lakh shares by 14:14 IST on NSE, a 16.2 times surge over two-week average daily volume of 49.89 lakh shares
Mumbai (Maharashtra) [India], August 17: Stallion India Fluorochemicals Limited (SIFL), a leading forward integrated player in refrigeration and industrial gas operates as a critical link in the industrial gas supply chain, focusing on processing, blending, and distributing specialized gases across multiple sectors, has announced its unaudited financial results for the Q1 FY26-27.
Ritesh International plans capacity expansion of 50% at its Ahmedgarh facility
The project involves an estimated total capital expenditure of Rs 7 crore, which will be financed through a balanced mix of long-term bank loans of about Rs. 1 crore and balance of about Rs. 6 crore from internal accruals. The expansion project is scheduled to be completed within period of approx. 8 months, with commercial production targeted for Q1 FY27-28.
Nifty trades below 24,350; consumer durables share decline
At 14:30 IST, the barometer index, the S&P BSE Sensex tanked 212.72 points or 0.27% to 77,797.27. The Nifty 50 index lost 37 points or 0.15% to 24,329.
Secmark Consultancy Ltd leads losers in 'B' group
Kernex Microsystems (India) Ltd, Thomas Scott India Ltd, Solex Energy Ltd and Spice Lounge Food Works Ltd are among the other losers in the BSE's 'B' group today, 17 August 2026.
US dollar index large currency speculators marginally reduce net longs
Large currency speculators in the US dollar futures continue to hold around a three and half year high, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net long position of 21409 contracts in the data reported through August 11, 2026, marking a slight decrease of 1090 net positions compared to the previous week.
FIIs steadily increased holdings in several BSE 500 companies across three quarters, with select stocks delivering 50133% returns. Three multibaggers more than doubled investors wealth, highlighting strong institutional buying.
Schneider Electric Infrastructure slumps after dismal Q1 performance
Schneider Electric Infrastructure tumbled 11.18% to Rs 1215.40 after the company reported 69.8% drop in net profit to Rs 12.4 crore in Q1 FY27 from Rs 41.2 crore in Q1 FY26.
Google partners with Arsenal, Barcelona, Bayern, Liverpool and PSG for AI-powered fan experiences
Google announced new partnerships with five major European football clubs. Gemini AI and Pixel smartphones will enhance fan experiences and club content. Supporters will receive AI-powered match insights and behind-the-scenes access. The collaboration also aims to boost global visibility for women's football. This initiative integrates advanced technology into the world of professional sports.
Sky Gold & Diamonds added to MSCI India domestic small cap index
Sky Gold said it continues to focus on lightweight and value-added jewellery, while expanding its customer base and its presence across organised jewellery retail
EMS rises after securing work contract worth Rs 129 crore from Municipal Corporation Jodhpur
EMS added 2.50% to Rs 370.90 after the company announced the receipt of the lowest bidder (L-1) status awarded by Municipal Corporation Jodhpur for sewerage work.
Adani Power Ltd slips for fifth straight session
Adani Power Ltd is quoting at Rs 203.3, down 0.95% on the day as on 13:19 IST on the NSE. The stock jumped 69.77% in last one year as compared to a 2.12% slide in NIFTY and a 12.23% spurt in the Nifty Energy index.
Pep Guardiolas exit ushers in new era of Premier League uncertainty
English soccer's top league starts with nine new managers, marking significant upheaval. Arsenal enters as title favorite after a dominant championship season. The league faces questions about a potential decline in global superstars. Premier League clubs are spending heavily on new player acquisitions. The season promises a return to traditional tactics and new coaching approaches.
'It was all lies...': Jon Ossoff blasts Trump over Iran war, demands Hegseth's resignation
L&T bags ultra-mega order worth over 15,000 cr for offshore facilities
L&T Energy Hydrocarbon Offshore (LTEH Offshore) will undertake the engineering, procurement, construction, installation and commissioning (EPCIC) of offshore facilities
Global PE fund Permira may lead race to acquire $150-200 mn stake in Cloudnine Hospitals
The likely deal will be secondary in nature, with existing investor True North looking to sell its over decade-old stake in Cloudnine
The CBI has filed a chargesheet against Samarth Singh and Giribala Singh. They are the husband and mother-in-law of Twisha Sharma. Twisha was found dead under suspicious circumstances at her marital home. Her family accused the in-laws of mental abuse and dowry-related torture. The CBI took over the investigation after initial police inquiries.
Meine Electric to set up pilot Iron-Air Battery system at NTPC Simhadri Thermal Power Station
The study is expected to generate operational data and insights into the suitability of the technology forlong-duration energy storage applications
Regaal Resources posts 47% rise in Q1 profit on higher margins
Total income fell to 202.57 crore from 247 crore, while expenses dropped to 185 crore from 235 crore
Walk down memory lane: When Sourav Ganguly offered to quit because of April Fool's prank
Yuvraj Singh and Harbhajan Singh orchestrated a clever prank that had Sourav Ganguly worried enough to contemplate resigning as captain. The ruse, supported by Sachin Tendulkar and Rahul Dravid, added to the authenticity of the fake newspaper reports. While coach John Wright remained oblivious outside, the playful incident highlighted how such moments can strengthen a team's bond and contribute to their overall success.
Nifty trades near 24,350 level; European markets open higher amid easing Fed hike expectations
The benchmark indices continued to pare losses in afternoon trade as investors continued to assess the slew of latest corporate earnings announcements. The Nifty traded near the 24,350 mark. Metals, realty and private bank stocks advanced while pharma, FMCG and IT shares declined.
BSE slides after foreign broker downgrades stock to 'underperform'
BSE fell 2.62% to Rs 3,356.70 after a foreign brokerage downgraded the stock to 'underperform', citing concerns over lower trading volumes and the impact of the Closing Auction Session (CAS).
BSE launches 3-day SLB contracts to boost short-term securities borrowing
BSE Clearing has launched three-working-day securities lending and borrowing (SLB) contracts to give market participants greater flexibility for short-term borrowing and delivery needs. The new contracts, effective August 17, will have a T+1 first leg and T+3 reverse leg, and initially cover F&O securities under the D-series prefix.
Bata India Announces Q1 Results - Delivers Third Consecutive Quarter of Accelerating Growth
Gurugram (Haryana) [India], August 17: Bata India, India's most trusted footwear today announced its financial results for the quarter ended June 30, 2026, reporting revenue of Rs. 9,789 million, reflecting a ~4% year-on-year growth over Q1 FY26. PAT for the quarter stood at Rs. 637 million, compared with Rs. 517 million in the corresponding quarter last year, a growth of over 23%.
There are currently too many variables that can move the markets in either direction. Oil prices may have settled into a range for now, but there is still no clarity on how the Gulf situation will develop. If uncertainty continues, oil prices may remain elevated. In such a scenario, it is probably best to be cautious; but be nimble enough to respond as things change. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
TCS launches AI agent platform; aims to transform drug development
TCS said its platform allows pharma firms to build and deploy customised AI agent hubs across workflows with minimal integration and implementation effort, while maintaining regulatory compliance.
BSE shares tumble 5% after Jefferies downgrades stock to Underperform. Heres why
BSE shares fell sharply on Monday after Jefferies downgraded the stock and cut its target price to Rs 2,940, citing risks from proprietary trading activity, STT changes, RBI bank guarantee norms and the Closing Auction Session. The brokerage also lowered earnings estimates, despite BSEs strong Q1FY27 profit and revenue growth.
Greaves Cotton acquires balance 20% stake in Excel Controlinkage
Greaves Cotton has acquired the remaining 20% shareholding in Excel Controlinkage through the secondary route, taking its aggregate shareholding in the company to 100%.
Lupin receives USFDA approval for Pitolisant Tablets, 4.45 mg and 17.8 mg
The U.S. FDA has approved Lupin's Pitolisant Tablets, 4.45 mg and 17.8 mg, as bioequivalent to Wakix for the indications in the approved labeling.
Sky Gold enters MSCI India Domestic Small Cap Index
Sky Gold & Diamonds has been added to the MSCI India Domestic Small Cap Index, as part of the latest index review announced by MSCI.
PTC Industries spurts after PAT rises over fivefold to Rs 29 crore in Q1
PTC Industries jumped 5.76% to Rs 20146.55 after the company reported a consolidated net profit of Rs 29.2 crore in Q1 FY27, which is higher by 466.2% as compared with the PAT figure of Rs 5.2 crore posted in Q1 FY26.
EFC leases entire A+ category building in Pune
Adding 2000+ seats to its managed office portfolio
MTR launches new range of products with authentic North Karnataka flavours
MTR announced the launch of a new range of North Karnataka offerings, comprising Groundnut Chutney Podi (Shenga), Nigerseed Chutney Podi (Gurellu), Flax Seed Chutney Podi (Agasi) and Masala Khara. Crafted specifically for consumers in North Karnataka, the new products bring some of the region's most-loved flavours to consumers in a high-quality packaged format.
Anthropic IPO valuation hinges on $190-200 billion 2028 revenue forecast: Report
Wall Street is currently assessing Anthropic's valuation in light of its anticipated revenue growth for the upcoming IPO. The AI company forecasts remarkable revenue increases by 2028, which is pivotal for investor confidence. Revenue multiples derived from these forward-looking projections are being employed, with comparable companies such as Palantir and SpaceX serving as benchmarks. This strategy underscores the AI firm's rapid expansion and significant infrastructure investments.
Market recovers from lows but trade lower; FMCG shares extend losses
The Nifty traded below the 24,300 level, while market sentiment remained subdued in the absence of strong directional cues. Investors continued to monitor movements in crude oil and gold prices, along with developments on the global geopolitical front, for further indications on the market's near-term trajectory.
Cochin Shipyard slips as Q1 PAT declines 19% YoY to Rs 151 cr
Cochin Shipyard declined 2.05% to Rs 1,464.40 after it reported a 19.38% decline in consolidated net profit to Rs 151.45 crore on a 2.40% increase in revenue from operations to Rs 1,094.21 crore in Q1 FY27 over Q1 FY26.
L&T secures 'ultra-mega' order for strategic offshore development project in the Middle East
Larsen & Toubro said that L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an 'ultra-mega' order from a prestigious client in the Middle East.
Molbio Diagnostics shares rally 6% after strong debut. What should investors do?
Molbio Diagnostics made a strong debut, beating grey market expectations. Experts remain positive on the companys molecular diagnostics leadership, expansion strategy and industry prospects, though they advise caution after the sharp initial gains and suggest a Rs 900 stop-loss.
Ola Electric unveils full-stack energy storage portfolio from home to grid
The architecture can scale from a single container to GWh-scale energy storage plants
ET Analysis: RBIs FCNR U-turn dents policy certainty
The RBIs early closure of its special FCNR(B) deposit swap window has raised concerns over policy certainty. Banks had mobilised $52.3 billion under the scheme by August 14, prompting the RBI to shut it on August 31 instead of September 30. Bankers say the move could disrupt dollar borrowings and leverage plans, while raising questions about Indias investment-policy predictability.
Sebi chief Tuhin Kanta Pandey says CAS here to stay, will study concerns over rollout
Sebi Chairman Tuhin Kanta Pandey says the closing auction session (CAS) is here to stay, even as the regulator reviews concerns over its implementation. Launched on August 3, CAS has triggered sharp moves in the final minutes of trading and raised concerns over legacy systems, order placement and derivative positions. While Sebi has found no evidence of manipulation, Bernstein expects near-term pressure on index-options volumes.
Larsen & Toubro wins offshore development project in Middle East
L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra mega order from a prestigious client in the Middle East. The project involves the development of multiple offshore facilities. According to the company's project classification, the order is valued above Rs 15000 crore.
Knowledge Marine edges higher after recording over fivefold jump in Q1 PAT
Knowledge Marine & Engineering Works added 3.03% to Rs 2814.30 after the company's consolidated net profit surged 447.7% to Rs 61.73 crore in Q1 FY27 from Rs 11.27 crore in Q1 FY26.
Zaggle Prepaid hits lower circuit after Q1 PAT drops 33% YoY
Zaggle Prepaid Ocean Services hit the lower circuit of 20% at Rs 160.45 after the company reported a 32.86% year-on-year decline in consolidated net profit to Rs 17.53 crore for Q1 FY27 from Rs 26.11 crore in the corresponding quarter last year.
Teamo Productions HQ Ltd leads gainers in 'B' group
Modern Threads (I) Ltd, Bilcare Ltd, Uflex Ltd and Pakka Ltd are among the other gainers in the BSE's 'B' group today, 17 August 2026.
EUR/USD tops 1.1600 mark on firm economic cues, holds at two-month high
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Juniper Green Energy gets LoA for 230 MW FDRE-RTC project from SECI
Juniper Green Energy Ltd (JGEL) on Monday said it has received a Letter of Award (LoA) from the Solar Energy Corporation of India Limited (SECI) for a 230 MW Firm and Dispatchable Renewable Energy (FDRE) Round-the-Clock (RTC) Power Project at a tariff of Rs 5.26 per unit. Juniper Green Energy emerged the winning bidder for the project in the e-Reverse auction conducted by SECI for its 1,000 MW FDRE Round-the-Clock Renewable Energy tender on August 6, 2026, a company statement said. The tender is among India's most innovative renewable procurement tenders requiring renewable energy projects and storage systems to mimic the reliability profile of thermal generation. The project will be implemented in Rajasthan and will be connected to the National Grid. It will be backed by a 25-year Power Purchase Agreement (PPA) with SECI. It will leverage Juniper Green Energy's integrated development capabilities across solar, wind and battery storage technologies to ensure consistent and reliabl
PhysicsWallah posts narrower Q1 loss as EBITDA turns positive
PhysicsWallah jumped 6.88% to Rs 125.18 after the company reported a significant improvement in operating profitability in Q1 FY27, with EBITDA turning positive.
Voltas registers 51% YoY growth in Q1 PAT; YTD secondary market share stands at 17.3%
Voltas has reported 51% rise in consolidated net profit to Rs 213 crore on a 19% increase in total income to Rs 4,765 crore in Q1 FY27 as compared with Q1 FY26.
Manorama Industries Ltd leads gainers in 'A' group
Vikram Solar Ltd, Ipca Laboratories Ltd, Tourism Finance Corporation of India Ltd and Triveni Engineering and Industries Ltd are among the other gainers in the BSE's 'A' group today, 17 August 2026.
Dhoot Transmission makes strong debut at 38% premium. Should investors hold or buy on dips?
Dhoot Transmission made a strong debut, with shares listing at a 38% premium to the 871 IPO price, comfortably beating the ~30% gain indicated by its grey market premium. Analysts remain positive on its long-term prospects, citing strong revenue growth, its established wiring harness business and rising EV exposure.
Schneider Electric Infrastructure shares tumble 12% after Q1 profit plunges 70% YoY
Schneider Electric Infrastructure shares fell sharply on Monday after Q1FY27 net profit plunged 70% YoY to Rs 12 crore despite a 5% rise in revenue. EBIT also declined sharply, while record quarterly order intake of Rs 915 crore and a 32.7% rise in order backlog offered some comfort.
Global Markets Mixed Amid Geopolitical Tensions and Upcoming Economic Reports
Stock futures show a varied start as investors monitor Middle East conflicts, retail earnings and upcoming Fed rate expectations.
Nifty trades below 24,250 mark; IT shares decline
The Nifty traded below the 24,250 mark, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil and gold prices, along with developments on the global geopolitical front, for further indications on the market's near-term trajectory.
Anupam Rasayan posts PAT of Rs 512 crore for Q1; EBITDA margin remains flat at 26%
Anupam Rasayan India has reported 6% rise in consolidated net profit to Rs 512 crore on a 35% increase in revenue from operations to Rs 6,550 crore in Q1 FY27 as compared with Q1 FY26.
The government will soon set up a high-powered committee to examine the banking sector's role in building a Viksit Bharat, Finance Minister Nirmala Sitharaman said, with the panel expected to draw on material from two days of intensive banking reform discussions.
Chennai (Tamil Nadu) [India], August 17: SWITCH Mobility, a global manufacturer of electric buses and light commercial vehicles and part of the Hinduja Group, has reaffirmed its commitment to further reduce its carbon footprint and accelerate the adoption of zero-emission mobility across the country. The pledge is in line with Government of India's vision of Viksit Bharat @2047 with Net-Zero by 2070.
An HP executive described Gen Z as 'AI native', highlighting their strong listening skills, ability to build trust and comfort with technology. He emphasized their role in driving innovation.
Ola Electric unveils expansion of Shakti energy storage portfolio
Ola Electric has unveiled an ambitious expansion of its 'Shakti' energy storage portfolio, designed to store energy when it is available and deploy it when it is needed, from keeping a home powered through an outage to managing renewable energy at grid scale. The unveiling was done on India's 80th Independence Day, Ola Electric said in a statement. Built around indigenous LFP battery technology and the company's vertically integrated cell-to-system capabilities, Ola Shakti creates a single architecture across three markets: home energy with Shakti Gen2, commercial and infrastructure energy with Shakti Rack, and industrial and utility-scale energy with Mahashakti, it added. The use cases of our world-class battery and cell technology will manifest beyond electric mobility, said Bhavish Aggarwal, Chairman and Managing Director, Ola Electric. He further said,Ola Shakti extends that innovation across every scale, from the home to the grid, helping India store and use clean energy ..
