29 C 
Georgia Military School Embarks on Turnaround Post-Debt Reprieve
Riverside Military Academy, an all-boys boarding and day school in Gainesville, Georgia, has entered into a forbearance agreement after defaulting on its debt obligations, according to a market disclosure.
Axis Bank expands corporate play beyond loans, shuns price war
Axis Bank is broadening its corporate banking services beyond just lending. The lender targets fee income and low-cost deposits from corporate ecosystems. It handles collections, payments, trade finance, and salary accounts for businesses. Investment banking and wealth management services are also offered to companies and their promoters. This strategy aims to build liability and fee franchises by managing more corporate cash flows.
Investors pile into small, mid-caps as earnings momentum improves
Investors are channeling significant funds into small and mid-cap stocks this fiscal year. Small-cap funds have seen inflows nearly matching last year's total in just four months. Mid-cap funds also show strong investor interest, attracting substantial capital inflows. Large-cap funds, conversely, have experienced considerably lower investment amounts. This trend reflects improved earnings momentum and increased market liquidity for smaller companies.
I squared-Veolia consortium leads race to acquire KKR backed Re Sustainability
PE firm initiates parallel talks with local strategics after low $1.1 bn offer on table falls below expectations. KKR expected $1.6 billion, translating to 13-15x FY27 EBITDA.
Finance Minister Nirmala Sitharaman on Monday said Indias banking sector is in its strongest position to undertake the next phase of reforms, aided by historically low non-performing assets. She said the High-Level Committee on Banking for Viksit Bharat will be announced soon to align the sector with Indias growth ambitions.
Lucknow (Uttar Pradesh) [India], August 17: The 8990 Luxury Car Club Foundation, led by its Founder Mahipal Singh, has created history by bringing together 250 luxury cars bearing the same vehicle registration number '8990' at Ramada Hotel, Lucknow.
Election black money cases must be probed faster, says Supreme Court
The Supreme Court mandated swift conclusion of criminal cases involving election-related black money. Authorities must report cash seizures within twenty-four hours to the District Magistrate. Investigations must conclude within one year, with reasons for delays reported. Static Surveillance Teams will forward large cash findings to income tax authorities. High courts will designate courts for prompt disposal of these critical cases.
Indian men''s hockey team loses to England 2-4 in World Cup
Nicholas Bandurak put England ahead in the 13th minute but India fought back and took 2-1 lead through goals from captain Harmanpreet Singh (16th) and Dilpreet Singh (24th) in the Pool D match.
Psychology says people who never tell the real price of a product recently bought to their parents or elders aren't necessarily dishonest. They may be avoiding conflict, judgment, guilt or repeated advice about money. This behavior can reflect differences between generations, personal boundaries and a need to protect relationships while making independent financial choices without creating unnecessary family tension.
Blanche defends Jeanine Pirro after Trump slams Lincoln Memorial pool case
Attorney General Todd Blanche supports US Attorney Jeanine Pirro amid President Trump's criticism. Pirro sought dismissal of vandalism charges for the Lincoln Memorial Reflecting Pool. Blanche stated evidence, not allegations, determines prosecution viability in such cases. The White House requested a review of the vandalism case for potential new charges. This situation highlights tensions between presidential expectations and prosecutorial decisions.
The Venus in Libra influence lasts until September 10, giving these four Zodiac Signs an astrological window associated with attraction, connection and receiving.
NICDP projects need faster execution as Centre pushes investor-ready industrial ecosystems
The Centre has asked states to move faster on industrial corridor execution as NICDP crosses 20 projects and BHAVYA draws strong early interest.
Liam Neeson advocates for actors to detach from their characters once the cameras stop rolling. He likens it to removing a coat, emphasizing the importance of maintaining a distinction between work and personal life. This philosophy fosters a nurturing environment for family connections. Renowned for his extensive film career, Neesons performances across diverse genres have garnered him numerous accolades.
Pune sweets shop wins 5 lakh after food licence stays suspended despite 98% compliance
The Bombay High Court criticized the Maharashtra FDA for its actions. The court ordered the FDA to pay Rs 5 lakh compensation to a sweets shop. This compensation was for suspending the shop's license despite high compliance. The court permitted the shop to reopen its business operations. The FDA must pay the compensation within one month.
Foreign nationals in drug cases face tougher bail checks as SC issues slew of directions
Supreme Court mandates passports for foreign nationals released on bail. Courts will now restrict travel outside India for these accused individuals. Foreign nationals must register with FRRO and inform authorities promptly. Surety verification must be completed within three days of bail orders. A centralized database will track foreign nationals and their sureties in NDPS cases.
Godavari Biorefineries secures European patent for anti-cancer pharmaceutical composition
The patent strengthens the companys oncology-focused intellectual property portfolio and supports its efforts to develop potential healthcare applications through formulation research
Meta faces 'astronomical' consequences as child privacy trial in California could change Instagram, Facebook forever
Paytm founder Sharma to sell stake worth up to 4,895 crore in block deal
As of June-end, Sharma's Resilient was listed as a public shareholder with just over 10% stake in the Paytm parent. Resilient is a Netherlands-registered holding firm that Sharma set up to acquire a 10.3% ownership and voting interest in One 97 Communications from Ant Group Co. affiliate Antfin.
Vijay Shekhar Sharma-controlled Resilient may sell 4.98% Paytm stake
Proceeds from the proposed stake sale will go to Antfin under a 2023 agreement; Paytm said it is not a party to the transaction and Sharma's direct holding is unchanged
Sun Pharma gets favourable verdict in antitrust-litigation in U.S.
The plaintiffs, in the antitrust litigation, had alleged the settlement agreement with Pfizer unlawfully delayed generic competition for Lipitor.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities extended losses, with Sensex falling 281 points and Nifty declining for a fifth session. Analysts flagged crude prices, Strait of Hormuz tensions and Fed minutes as key drivers. Broader markets gained, while market breadth remained bearish with more declines than advances.
Jio vs Airtel: the base plan is now the new telecom battleground
The move from Reliance Jio, whose tariffs already trade at a discount to peers, could affect Airtels strategy to upgrade base-level plan users to higher tariffs. The pricing divergence also puts the spotlight on Vodafone Idea.
OpenAI leadership exits: Brockman calls turnover atypical after Denise Dresser, Brad Lightcap quit
OpenAI is undergoing another senior leadership reshuffle just as the ChatGPT maker enters one of the most consequential phases of its expansion
Rising energy cost poses a risk to economic growth, says Birla
IT Ministry approves 7,877 crore worth projects under electronic component scheme
The Electronics Component Manufacturing Scheme (ECMS) provides for capex- and turnover-linked incentives for electronics sub-assemblies and parts.
Angel Number Day 8/18is best understood as a symbolic opportunity rather than a promise of financial success. For these fiveZodiac Signs, the day's numerological themes may offer a more meaningful reminder than simply waiting for a windfall: recognize your own potential, take purposeful action, and create the momentum that can move you toward your goals.
Assam releases Rs 47.93 crore flood relief to 31,951 families; total aid reaches Rs 146.26 crore
Assam Chief Minister Himanta Biswa Sarma released Rs. 47.93 crore in interim flood assistance through DBT to 31,951 families across Sivasagar, Charaideo, Jorhat and Golaghat. With the latest disbursement, the state has provided Rs. 146.26 crore to 96,842 flood-affected families, while damage assessment and verification continue across the four districts.
Following live trading strategies on social media? Sebi has a warning for you
Sebi warned investors against relying on live trading strategies and real-time stock tips shared on social media, saying such sessions may involve unregistered advisory services. The regulator urged investors to avoid such advice and deal only with Sebi-registered intermediaries.
Lupin gets U.S FDA nod for Pitolisant tablets
One in five Nifty 50 CEOs in the 50-crore salary club
HCL Tech CEO highest paid in FY26; Asian Paints MD & CEO got highest increase in pay packet at 179 per cent.
Wipro arm, Micromax, Jyoti CNC lead 7,877cr electronics investments
Meity approved 7,877 crore in new electronics component investments across 31 projects on Monday, led by Wipro's 1,033-crore addition to its Bengaluru circuit-board material plant.
Paytm block deal: Resilient Asset to sell up to Rs 4,895 crore stake at 3% discount
Resilient Asset Management plans to sell up to 4.98% of Paytm parent One 97 Communications through a block deal worth Rs 4,895 crore. The offer carries a 2.9% discount, potentially pressuring shares.
Tata group's Nelco picks up minority stake in Elveo, invests $20 mn
Strategic investment will allow Nelco to offer Direct-to-Device and IoT Connectivity in India, South Asia
Grid planning should focus on rolling transmission plans linked to RE additions: IWTMA
The IWTMA report highlighted that timely grid connectivity is essential to ensure that completed wind projects can be commissioned without delay
Market Trading Guide: Hindustan Copper among 2 stock recommendations for Tuesday
Analysts recommend Hindustan Copper and Concord Biotech after both stocks broke key resistance levels with strong price action, volume and bullish momentum. Despite energy-led cost pressures, stronger Q1FY27 earnings and pricing actions could support upgrades, though margin risks remain from higher-cost inventory.
FCNR(B) swap cost unlikely to have driven RBIs early closure: SBI Research report
SBI Research said the cost of the RBIs FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging costs at USD 10.5 billion over five years. It said mobilisation targets may already have been achieved, with FCNR(B) deposits at USD 52.3 billion as of August 13.
The villa-style resort will be adjacent to the AJC Bose Indian Botanic Garden, Howrah
Elgis new 3-lakh-sq-ft automated global fulfilment centre to go live in September
Company says it offset Q1 commodity cost inflation by higher volumes and is working on various levers of cost management
Voltas to set up a joint venture with Atomberg to manufacture AC compressors
Mukundan Menon, MD, Voltas, said that under this joint venture, there are plans to set up a plant in Chennai to manufacture compressors
Colgate collaborates with Bombay Shaving Company for Palmolive ads
The partnership, aimed at leveraging Bombay Shaving's D2C expertise, comes as the Palmolive brand experiences disappointing sales performance.
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.
BGauss sees Tamil Nadu emerging as key market for electric two-wheelers
The company has sold around one lakh scooters in India, with 20% of sales from Tamil Nadu
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.
Airtel Payments Bank Chairman Sunil Mittal steps down; Shabnam Sinha to succeed
Sinha will take on a three-year term starting October 1, 2026, pending Board appointment and RBI approval, the company announced
NCLT defers SpiceJet insolvency orders after last-minute settlement
The tribunal expressed strong displeasure over the timing of the settlement after extensive hearings, saying considerable judicial time had already been spent on the petitions
Juniper Hotels eyes acquisitions,new brand tie-ups for growth
The company aims to double the number of rooms in its properties to 4,000 by FY31
Prime office rents rise across major markets, Bengaluru leads growth
Bengaluru recorded 10.7 per cent year-on-year rental growth, followed by Delhi-NCR at 7.6 per cent and Mumbai at 4 per cent, as occupier demand remained healthy
Ather intensifies EV bikes exports to Nepal
The company aims to build further momentum in exports, particularly as Nepal continued to emerge as a steadily growing market
MSME Development (Amendment) Bill can be an IBC moment forMSMEs: Crisil Intelligence
Further, around 40,580 applications (16% per cent) have remained unresolved for over a year, highlighting the scale of working capital locked in delayed or disputed receivables
Tata Capital Healthcare Fund leads $30 million investment in Tenet Diagnostics
Tata Capital Healthcare Fund and Blue Earth Capital have put $30 million into Tenet Diagnostics, marking one of the first deployments from TCHF's newly closed Fund III.
AAI profit falls 9.8% to 6,522 crore in FY26
Revenue remains broadly flat; airport lease income declines
CIBC leases 1.21 lakh sq ft office space in Hyderabad for GCC at 180 cr
The Canadian banking major will occupy space at Meenakshi Eco Park for five years, paying Rs 225 per sq ft monthly, with rent escalating 5 per cent annually
SEBI Chairman Tuhin Kanta Pandey announced two new portals to strengthen cybersecurity and incident reporting in the securities market. The move aims to improve information sharing, cyber resilience, and preparedness as threats become increasingly sophisticated.
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.
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.
Quote of the day by George Sand offers a simple but profound reflection on what makes life emotionally meaningful. Love is not a guarantee of a perfect existence, and being loved does not eliminate pain, disappointment, or uncertainty. Yet genuine affection can give people something that achievements alone cannot always provide: connection, belonging, purpose, and the feeling that their existence matters to someone else.
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.
Rupee falls 19 paise to close at 95.61 against U.S. dollar
Forex traders said the USD/INR pair is likely to trade with a slight negative bias, pressured by the delay in the deal between the U.S. and Iran, rising crude oil prices and broader dollar support
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.
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.
Lalithaa Jewellery Mart IPO subscribed 69%
The offer received bids for 4.35 crore shares as against 6.27 crore shares on offer.
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.
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.
Finance Minister Nirmala Sitharaman today said the Centre will soon constitute a high-level panel on Banking for Viksit Bharat, which will submit its thoughts and recommendations to the government.
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.
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
Thomas Cook and SOTC launch curated ocean and expedition voyages
Across Europe, the Mediterranean, Antarctica and the Arctic
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.
Yes Bank makes bond market comeback after 2020 AT1 debt write-off
The bank plans to sell a benchmark-sized three-year US currency note and is holding calls with fixed-income investors starting Monday
