35 C 
Quote of the Day by Burt Lancaster: Burt Lancasters quote, I judge a restaurant by the bread and by the coffee, explores the importance of quality, simplicity, and attention to detail when experiencing food and hospitality. The quote suggests that a restaurants true standard can often be recognized through its simplest offerings rather than only its expensive or elaborate dishes. Good bread and well-prepared coffee can reveal the care, consistency, and quality that go into the overall dining experience.
India, China to work out modalities to implement 8-point border pact
India and China will implement an eight-point consensus from recent Special Representatives talks. Both nations will now determine how to operationalize the agreed agenda points. Discussions focused on maintaining peace and creating conditions for stable bilateral relations. Expert groups will advance discussions on boundary delimitation and border management. Future meetings and hotline channels were also agreed upon for better communication.
Computer Age Management Services allots 1.41 lakh equity shares under ESOP
Bihar braces for floods as Nepal rains push rivers above danger mark
Bihar faces significant flood threats as river water levels continue to rise. Heavy rainfall and flash floods in Nepal have caused major rivers to swell. Authorities have opened barrage gates and are monitoring river embankments closely. People are being moved from low-lying areas to safer locations. Disaster response teams are on standby for any emergency situations.
Tornado weather tears through Capital Region, toppling trees and shutting down county fair
A powerful storm swept through New York's Capital Region on Thursday. Downed trees and scattered debris caused significant disruptions in several communities. The Washington County Fair closed early for safety due to the severe weather. Power outages created traffic problems and darkened intersections in Wilton. Rensselaer County also continued recovering from earlier storm damage.
Aurobindo Pharma's Unit-VI completes USFDA inspection
New Delhi [India], August 28: Satin Growth Alternatives Limited (SGAL), the youngest subsidiary of Satin Creditcare Network Limited (SCNL), is pleased to announce the First Close of its women-led Category II Alternative Investment Fund, achieved within four and a half months of receiving its SEBI registration. This milestone reflects the strong momentum behind SGAL's differentiated investment thesis, built on SATIN's 35-year legacy and its continued commitment to advancing impact, empowerment, and inclusion.
Reliance Jio Infocomm standalone net profit rises 6.79% in the June 2026 quarter
Sales rise 10.78% to Rs 34212.00 crore
Annu Projects IPO subscribed 2.93 times
The offer received bids for 5.18 crore shares as against 1.76 crore shares on offer.
Currency in circulation shows accelerating trend, up 12.4% on year
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India could hit $5.1 trillion by FY29, says OmniScience Capital
The investment firm projects nominal GDP growth of 8% annually in US dollar terms, assuming 6.5% real growth, 4% inflation and 2.5% rupee depreciation per year
PM Modi celebrates Raksha Bandhan at residence 7 LKM; shares 'high fives, smiles'
Suzlon targets Europe's wind boom with high capacity turbines
Suzlon said Europe is entering a key repowering phase, creating demand for higher-capacity, site-specific turbines
Laurus Labs among 5 stocks hitting 52-week highs; surge up to 20% in a month
Six BSE 200 stocks hit fresh 52-week highs on Friday as the Sensex gained 331 points. Coforge, GSK Pharma, Glenmark Pharma, Laurus Labs, Oracle Financial Services Software and Piramal Finance showed strong momentum, with several posting double-digit monthly gains.
PM Jan Dhan Yojana has had unparalleled impact, transformative outcomes: PM Modi
The Pradhan Mantri Jan Dhan Yojana has achieved unparalleled impact and transformative outcomes. This initiative has significantly reshaped India's financial landscape and global financial inclusion efforts. Millions of unbanked adults now have access to basic banking services and digital transaction tools. Women's participation in the financial system has increased substantially through these accounts. Rural and semi-urban areas are now better served by this extensive banking network.
Sensex, Nifty snap two-day losing streak; IT stocks surge, breadth positive
Key equity benchmarks rebounded on Friday, snapping a two-session losing streak, as a sharp rally in IT stocks helped offset weakness in select heavyweight banking and consumer-facing stocks. The rally in IT shares was supported partly by stronger global technology sentiment following upbeat Nvidia results. Pharma and metal stocks also gained, while FMCG and consumer durable stocks declined. Investor sentiment remained cautious ahead of Kevin Warsh's speech later today. Warsh is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for clues on the US central bank's monetary policy outlook. Firm crude oil prices also weighed on sentiment.
Quick Wrap: Nifty IT Index rises 3.51%
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As far away as possible: Why Norways new King Haakon once fled royal life for California
Norway's new King Haakon VIII ascended the throne after his father's death. He once sought distance from royal life and its constant public attention. Haakon found freedom and a sense of self while living in California. His marriage to Mette-Marit brought him closer to public engagement. The new king now faces family scrutiny and institutional challenges.
Airtel gains 26.8 lakh mobile users in July, Jio's wireless net adds at 24.4 lakh
During July 2026, the Indian wireless market expanded by 55.38 lakh mobile subscribers; its base surged to 128.79 crore by the end of July, up from 128.23 crore from the previous month
Norway mourns the passing of King Harald V at age 89, a monarch who reshaped royal traditions over his remarkable 30-year reign. His commitment to modernizing the monarchy is reflected in his choice to wed commoner Queen Sonja, illustrating a shift towards greater inclusivity. As Crown Prince Haakon ascends the throne as King Haakon VIII, King Harald's profound legacy of love and duty will continue to resonate.
Chandra NCLT order: Subhash Chandra has disputed the 3,900-crore NCLT claim against him, saying his group has repaid around 43,000 crore of its 45,000-crore debt. He also questioned claims filed by lenders over personal guarantees.
ITAT rejects tax departments FTS, royalty claims on Spencer Stuarts executive search fees
The income-tax tribunal ruled in favor of Spencer Stuart International BV. Executive search fees were not treated as technical services under the tax treaty. The tribunal deleted a tax addition related to expense reimbursements. A separate dispute concerning management fees was sent back for fresh examination.
Chinese stocks end lower as US-China tensions weigh on sentiment
The Shanghai Composite fell 0.11% to 3,952.2, while the Shenzhen Component dropped 0.68% to 13,953.1. Concerns grew after US President Donald Trump indicated that Chinese banks could face sanctions. Reports of a possible 7.5% US tariff on Chinese goods also added to the pressure.
Jio IPO soon! RIL's telecom arm gets Sebi nod for Rs 37,700 crore offering
Jio Platforms has received Sebi approval for its proposed Rs 37,700 crore IPO, bringing Reliance Industries much-awaited listing closer. The issue could value Jio at nearly Rs 9.5 trillion and become Indias largest IPO. The company plans to use Rs 27,500 crore of proceeds to repay borrowings of Reliance Jio Infocomm.
BYD reports 20.5% drop in first-half profit
Net profit totalls 12.3 billion yuan ($1.83 billion) for the January to June period
DRI conducts search at plant owned by Waaree Energies arm
The search relates to the classification of certain stainless-steel pipes and tubes imported under the EPCG scheme and the applicability of dumping duty on them
Subhash Chandra speaks out on NCLT allegations, airs plans to go to Switzerland
Chandra argues that the company has already repaid about 43,000 crore of the 45,000 crore total outstanding with the remaining amount pending due to complications in the asset liabilities of other companies
Indian equities rebounded on Friday, ending a two-session losing streak as heavyweight IT stocks led gains. Nifty rose 0.35% to 24,175.65, while Sensex gained 0.43% to 77,264.51. Analysts expect consolidation amid mixed global cues and geopolitical uncertainty.
Nifty September futures trade at a premium
India VIX dropped 3.70% to 10.66
KP Green Engineering bags new orders worth 258 cr
The new orders worth 258.02 crore include solar projects 114.53 crore, crash barriers 92.38 crore, pre-engineered buildings 33.76 crore, transmission towers 15.42 crore, poles and highmast 0.97 crore and isolator 0.96 crore
ACME Solar Holdings secures SECI contract for 300 MW capacity
A tariff of 6 per kWh has been finalised for the entire PPA
Motilal Oswal says several headwinds facing Indian equities are easing, supported by stronger earnings, positive FII flows and domestic demand. It remains Neutral on equities but Overweight on mid- and small-caps, while preferring gold over silver and accrual-focused fixed-income strategies.
Indices snap 2-day losses; IT shares rally
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook.
Euro holds in tight range, inflation sees sharp uptick in France and Spain
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Google changes Europe spam policy as EU fine could reach 10% of global turnover
Google has changed its Europe spam policy after EU concerns over publisher demotions. The move comes as DMA breaches can attract fines of up to 10% of global annual turnover. The revised policy takes effect August 30 in the EEA.
Board of Asian Tea & Exports approves change in Managing Director
At meeting held on 28 August 2026
Motilal Oswal Private Wealth keeps overweight mid-cap Stance as FIIs return to Indian markets
The report notes that foreign institutional investors turned net buyers of Indian equities in July 2026 for the first time in four months, recording net inflows of USD $2.5 billion
SBI General Insurance Q1 GDPI rises to Rs 3,506 crore; comprehensive income jumps 17%
SBI General Insurance reported 10.9% year-on-year GDPI growth to Rs 3,506 crore in Q1 FY27. Comprehensive income rose 17.4% to Rs 573 crore, while health, engineering and personal accident segments delivered strong growth, alongside a 2.0-times solvency ratio.
How did Sensex crash 2,000 points in 6 minutes while Nifty stayed stable?
Sensex plunged over 2,000 points during Thursdays closing auction session before recovering some losses, while Nifty remained comparatively stable. Market experts attributed the sharp divergence largely to thin trading volumes on BSE. The episode has renewed scrutiny of the new CAS mechanism, particularly around monthly expiry and its impact on price discovery.
Retail investors bet big on these 12 smallcap stocks that rallied up to 150%; 3 turned multibaggers
Retail investors increased holdings in 124 smallcap stocks for the fourth straight quarter. Despite subdued sector performance, nine stocks delivered 50%-150% gains alongside steadily rising retail ownership.
India can reach a $5.1 trillion economy by FY29 as growth strengthens: Omniscience Capital
India's economy could reach $5.1 trillion by FY29, according to OmniScience Capital. Stronger real growth and healthier balance sheets support this expansion. The pandemic and rupee depreciation had previously delayed this $5 trillion ambition. Real GDP growth averaged 7.4% between FY22 and FY26. An optimistic scenario projects India's GDP reaching $5.9 trillion by FY29.
Sensex, Nifty trade in positive terrain; consumer durables shares climb
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook.
Karnataka Bank launches Capital Gains Account Scheme
Karnataka Bank has launched the Capital Gains Account Scheme (CGAS), offering customers a convenient and compliant banking solution to deposit unutilized capital gains while planning eligible reinvestments under the provisions of the Income-tax Act.
HSBC has initiated coverage on recently listed Manipal Health with a Buy rating and Rs 1,000 target price, implying 26% upside. The brokerage sees strong growth potential from improving hospital utilisation, the Sahyadri turnaround, higher-margin speciality mix and deleveraging, with adjusted PAT expected to nearly triple by FY29.
Ola Electric shares rally over 5%, rebound 79% from March low. Heres whats driving the stock
Ola Electric shares rallied on Friday after the EV maker launched its new S1Z scooter range with indigenous Bharat Cell LFP technology. The stock has rebounded nearly 79% from its March low, while the new models target Indias mass-market EV segment with prices starting at Rs 79,999.
Indian Bank turns to gold loans, treasury gains
99.97% haircut? How the scissors worked in the Subhash Chandra case
NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about 6.5 crore against 22,006.57 crore in admitted claims in insolvency case. The 99.97% haircut has sparked controversy, but the claims relate to his role as a personal guarantor, not personal borrowing. Creditors can retain recovery rights against the principal borrowing companies.
Sensex, Nifty trade marginally higher; European mrkt advance
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook.
India-China thaw raises hopes among automakers for easier access to EV technology, components
Auto industry eyes possible easing of restrictions as dependence on Chinese battery cells, power electronics, rare-earth magnets and EV technology grows.
JM Financial calls Metropolis Healthcare best-value diagnostic stock, sees up to 27% upside
JM Financial has retained its Buy rating on Metropolis Healthcare with a target price of Rs 734, implying 27.2% upside. The brokerage calls it the cheapest among Indias leading listed diagnostic players, citing attractive valuations, network expansion, stronger B2C growth and improving margins as key drivers.
Andrew Yule & Company receives affirmation in credit ratings for bank facilities
From Acuite Ratings and Research
Elara initiates coverage on Alkem, Eris, IPCA and Mankind. Check ratings and targets
Elara has initiated coverage on four pharmaceutical stocks, assigning Buy, Accumulate and Reduce ratings. Alkem Laboratories emerged as its top pick for margin recovery, while Eris Lifesciences and Mankind Pharma could benefit from portfolio expansion, acquisitions and deleveraging. Elara retained a cautious view on IPCA Laboratories after its recent rally.
SoftBank seeks another $10 billion loan for OpenAI stake funding
The loan would contribute to SoftBanks recent debt financing related to its investment in OpenAI, including a potential $20 billion bond sale, amid rising credit risks in the AI sector
Fewer is better for Speciality Restaurants
Chief executive Avik Chatterjee is prioritizing profitable growth over rapid expansion as the restaurant operator narrows its brand focus while QSR peers struggle with profitability.
Wipro rises after expanding AI partnership with Google Cloud
Wipro rose 2.36% to Rs 180.56 after the company announced an expansion of its partnership with Google Cloud to accelerate enterprise-wide adoption of Gemini Enterprise and agentic artificial intelligence (AI).
IT stocks power markets; Sensex up 165 points at noon as investors await Warsh speech
TCS leads Nifty 50 gainers, rising 3.81% to 2,334 against a previous close of 2,248.40
In 1989, the space shuttle Discovery transported thirty-two fertilized chicken eggs into microgravity. Although younger embryos did not endure the five-day trip, the older ones hatched successfully, exhibiting slight alterations in their inner ear development. Initiated by a student's curiosity, this experiment provides valuable insights for future space endeavors, highlighting the necessity for the vestibular system to adapt to varying gravitational environments.
Nepal issues new flood warning after dam breach in Tibet
Nepal authorities issued a fresh flood warning after water levels rose significantly. Rising water mixed with mud increased the risk of another dangerous flood event. A water dam on the Tibetan side reportedly burst again, raising further concerns. Rescue teams continue searching for missing people while monitoring the new flood risk. The warning covers areas around the Bhote Koshi and Trishuli rivers.
US judge blocks Trump executive order on mail-in ballots ahead of midterm elections
A federal judge blocked President Trump's executive order concerning mail-in ballots. This ruling came just days after the Supreme Court lifted a previous block. The order sought to restrict mail-in voting ahead of the midterm elections. Judge Indira Talwani cited the impracticality and potential unconstitutionality of the directive. The Trump administration is expected to appeal this significant judicial decision.
LeapFrog plans to invest $100 million in Indias healthcare system over two years
LeapFrogs strategic investment aims to capitalize on Indias booming healthcare market, driven by increasing insurance coverage and a rise in chronic diseases, as the sector is projected to nearly double in value within five years.
Dollar index holds around a one-week high
Dollar index is holding near a one-week high on Friday as investors cautiously awaited Federal Reserve Chair Kevin Warshs speech at the annual Jackson Hole symposium later in the global day for clues about the outlook for US interest rates. DXY is holding above 99 mark on higher than expected inflation levels. Recent July PCE inflation metrics arrived higher than anticipated at 3.7% on year, fueling bets of an additional interest rate hike by December. Escalating economic sanctions aimed at isolating Iran's banking and trade networks have also sparked defensive safe-haven demand for the US currency. Stronger upside for the DXY is however constrained by Treasury Secretary Scott Bessent's aggressive expansion of long-dated government bond buybacks.
Market trades sideways; FMCG shares decline for 3rd day
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook.
Brahmaputra Infrastructure receives LoA from AHIDMS, Govt. of Assam
India sends its Fab 4 across the world to woo trade, tech, energy and capital
India engages key partners, focusing on border management and energy security. Discussions with China now include investment alongside boundary talks. Russia talks address energy supplies and a widening trade imbalance. Japan and Canada visits seek investment and manufacturing partnerships. These engagements align with India's upcoming hosting of the BRICS summit.
Real honey vs fake honey: 4 easy home tests to check honey purity, texture, moisture and more
True honey boasts a rich and viscous nature that flows at a leisurely pace. You can initially gauge its quality with simple home tests like the thumb and water tests, which assess its consistency and response to water or skin. However, these techniques fall short of conclusively verifying purity. For accurate results, laboratory testing stands as the most dependable approach to identify any adulteration.
Neelam Kothari starts her morning with warm saffron and lemon water, which she credits as part of her skincare routine. She then has freshly prepared amla juice, a natural source of vitamin C. For breakfast, she opts for a simple, protein-rich omelette made with egg whites and a yolk. Her morning routine reflects her preference for keeping wellness simple and consistent, offering a glimpse into the everyday habits she follows to feel good and stay energised.
King Harald V, Norway's reform-minded head of state, dies at 89
Norway's King Harald, Europe's oldest monarch, died peacefully at age eighty-nine. He reigned for over three decades, modernizing the monarchy's ceremonial role. His death occurs during multiple challenges facing the Norwegian royal family. Support for the monarchy has seen a slight decline in recent polls. Crown Prince Haakon will now ascend the throne as Norway's fourth king.
Has the S&P 500 really doubled since 2023? Chris Wood says it is down 21% in gold terms
Jefferies Christopher Wood highlights a sharp divergence in market returns: while the S&P 500 has doubled in dollar terms since early 2023, it has fallen 21% relative to gold. He warns that efforts to suppress US bond yields could weaken the dollar, boosting alternative assets such as gold and Bitcoin.
GE Shipping gains as board OKs Rs 900-cr share buyback at Rs 1,530 apiece
Great Eastern Shipping Company advanced 1.57% to Rs 1,337 after the company's board approved a share buyback of up to Rs 900 crore through the open market route at a maximum price of Rs 1,530 per equity share.
Next Mediaworks Ltd leads gainers in 'B' group
Xtranet Technologies Ltd, Exxaro Tiles Ltd, Sunshine Pictures Ltd and InfoBeans Technologies Ltd are among the other gainers in the BSE's 'B' group today, 28 August 2026.
Delhi NCR [India], August 28: Gaurs Group, one of India's leading real estate developers, announced the expansion of its strategic partnership with Seaform Germany, a European manufacturer of premium modular kitchens and wardrobe solutions. Valued at Rs. 150 crore, the expanded association will extend Seaform's solutions across Gaurs Group's under-development and forthcoming residential projects, covering more than 10,000 premium kitchens in a period of 5 years.
Ola Electric unveils new S1Z scooter range, bringing its made-in-India cell tech to mass market
S1Z scooters available in 3.1 kWh and 5.1 kWh variants, at an introductory pricing of 79,999 and 99,999 (ex-showroom)
Jefferies initiates SBI Funds Management coverage with Buy; sees 26% upside
Jefferies initiated coverage on SBI Funds Management with a Buy rating and a Rs 710 price target, implying 26% upside. The brokerage expects operating profit to grow at a 15% CAGR through FY29, supported by rising mutual fund assets, SBIs distribution network and operating leverage. Strong B30 presence and lower operating costs further support the asset managers growth
ICICI Bank shares slide 1.32% amid $1 billion bond issuance and employee stock allotment
The stock opened at 1,435, touched an intraday high of 1,439.80, and slid to a low of 1,423.10, with sell orders outpacing buy orders, 57.56 per cent sellers against 42.44 per cent buyers.
NBFCs enter new cyclical recovery, PAT seen rising 24% in FY27: Motilal Oswal
Non-banking financial companies are entering a new cyclical recovery phase. Loan growth and asset quality improvements are expected to drive earnings higher. Profit after tax for NBFCs is projected to grow significantly in upcoming fiscal years. However, geopolitical risks and monsoon conditions pose potential challenges to this recovery. Interest rates may also rise, impacting funding costs and profit margins for some firms.
Coforge-Pega deal sends stock surging 3.4% as IT partnership deepens
Market responded positively to the deal, with Coforge shares climbing 65.20, or 3.43%, to 1,967 on the NSE by mid-morning, touching an intraday high of 1,983.40, close to its 52-week high
15 mainboard IPOs doubled investor money on listing day in last 6 years. See full list
Tempsens Instruments has ended a 609-day drought for mainboard IPOs doubling on debut. Here is the full list of 15 IPOs that delivered listing gains above 100% since 2020.
Tempsens Instruments made a blockbuster debut, listing at Rs 634 on the NSE, an 111% premium over its Rs 300 IPO price. The stock briefly gained further before falling over 8% from its debut level, though it remained 94% above the issue price. Analysts advised investors who missed the rally to consider buying on dips.
Chinas red lines for Indias auto industry emerge despite hopes of thaw
While Chinese battery technology remains difficult to access, Indian automakers and component makers are finding workarounds to rare-earth magnet restrictions.
Ola Electric launches all-new S1Z powered by its indigenous Bharat Cell LFP technology
Ola Electric Mobility today announced the launch of the all-new S1Z, the first scooter range in India to bring the company's indigenously developed Bharat Cell LFP technology to the mass market. The S1Z brings Ola's indigenous 46 series LFP cell platform technology, developed at its Battery Innovation Centre and manufactured at the Ola Gigafactory, to its most accessible scooter range, for the country's largest EV buying segment.
Khosla Ventures-backed AI note-taking unicorn Fireflies AI eyes acquisitions in India
Fireflies has also joined a list of global companies such as Cursor and ChatGPT in introducing India-based pricing for its products.
Tejas Networks spurts after receiving Rs 1,537 crore BSNL 4G order from TCS
Tejas Networks jumped 8.49% to Rs 554.20 after the company received a Letter of Intent (LoI) from Tata Consultancy Services (TCS) for the supply of equipment for BSNL's 4G mobile network.
Yen climbs ahead of Warsh's Jackson hole speech
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Indices trade with minor gains; media shares jump
Market participants remained focused on the upcoming speech by Kevin Warsh who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications on the US central banks monetary policy outlook.
India's non-fossil-fuel capacity has increased from 80.3 GW to 300.5 GW over last 12 years
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Wacker Chemie AG partners with HCL Technologies to set up Global Capability Center in Pune
HCL Technologies (HCLTech) announced that Wacker Chemie AG, a global chemicals and biotechnology company, has recently established a Global Capability Center in Pune, India in collaboration with HCLTech.
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20 to Rs 55.70/kg on August 20, with current prices around Rs 70/kg. Balrampur Chini Mills, Dhampur Sugar, Uttam Sugar, Triveni Engineering and EID Parry were among the key gainers.
Assam initiates plan to streamline agarwood industry
The State government has proposed a series of measures to simplify regulations, strengthen cultivation and processing, and facilitate exports
TVS Motor charts next growth track, names Peyman Kargar as new CEO
TVS Motor has appointed Peyman Kargar as CEO from January 2027, with K N Radhakrishnan continuing until then and subsequently serving as a non-executive director
Government has taken up measures to ensure adequate availability of onions at affordable prices
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