33 C 
Tata Chemicals North America has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of SVM USA
HDFC Bank may resort to interim arrangement till it gets a regular CEO
Among internal candidates, Bharucha still has more than two years as board member
Tata Chemicals acquires US soda ash contracts worth over 500,000 tonnes
Tata Chemicals Ltd on Saturday said its wholly-owned US subsidiary, Tata Chemicals North America, has acquired North American soda ash customer contracts worth more than 5,00,000 metric tonnes for supply from September 2026 through December 2028. Tata Chemicals North America Inc (TCNA) entered into an Assignment and Assumption Agreement (ASA) with Searles Valley Minerals Inc (SVM) USA to acquire certain soda ash customer contracts and related commercial rights, Tata Chemicals Ltd (TCL) said in a statement. TCNA has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of SVM USA. The transaction has been approved by the United States Bankruptcy Court for the District of Delaware with a cash consideration of USD 21.16 million and remains subject to customary closing conditions under the ASA. These contracts are expected to generate revenues of more than USD 110 million over the contract period. This acquisition represents a strategic opportunity to strengthe
HDFC Bank CEO Sashidhar Jagdishan steps down: How the lender fared under his leadership
HDFC Bank CEO Sashidhar Jagdishan announced his resignation as his term ends on October 26. He has led the bank since October 2020, overseeing significant mergers and profit growth, while also facing controversies related to irregularities and regulatory issues during his tenure.
HDFC Bank CEO Sashidhar Jagdishan set to retire: Finance manager 'Sashi' who rose to corner office
HDFC Bank CEO Sashidhar Jagdishan will not seek reappointment after his term ends this October. He conveyed this decision to the board despite their persuasion efforts. The bank will now fast-track the process of selecting his successor. Jagdishan's tenure included overseeing the significant merger with HDFC Ltd. His departure marks the end of a nearly three-decade association with the institution.
From Uzbekistan to Kyrgyzstan: What to expect from Modis Central Asia tour & SCO Summit
Condolence visit to Sajjan Kumar triggers political storm; BJP seeks explanation from 3 MPs: Sources
BJP national president Nitin Nabin expressed displeasure over three Delhi MPs visiting Sajjan Kumar's residence. The party sought an explanation from the MPs for this politically sensitive visit. Punjab BJP president Kewal Singh Dhillon condemned the gesture as an insult to victims. Senior BJP leader H S Phoolka also strongly condemned the visit and called for action.
Tara Sutaria's Mumbai home reflects her passion for music and art. Her elegant Pali Hill apartment features a baby grand piano and vintage records. The interiors showcase a palette of whites and ivories with carefully selected decor. Artwork and career milestones adorn the walls, marking a new life phase. This residence blends professional achievements with personal interests and cherished memories.
Himanta Biswa Sarma visits Assam Regimental Centre in Shillong, pays tributes at War Memorial
Recalling the sacrifices of the soldiers who laid down their lives to safeguard the freedom and territorial integrity of the country, the Chief Minister said that their indomitable courage, valour and patriotism would continue to inspire generations to come.
Sashidhar Jagdishan, HDFC Bank's MD & CEO, will retire on October 26 after opting out of reappointment. The bank will fast-track his successor's appointment. Jagdishan spent nearly three decades at HDFC Bank, including overseeing its merger with HDFC Ltd.
Ather Energy invests 500 crore to develop Monarc, new scooter platform
Electric two-wheeler maker Ather Energy on Saturday said it has invested over Rs 400-500 crore to develop its latest scooter platform EL and its first mass-market e-scooter Monarc. Earlier, the company launched Monarc at a starting price of Rs 99,999 (ex-showroom Bengaluru) in three variants, S100, S125 and S160, with a host of new features, with deliveries of the vehicle commencing from September. The company also said a 200 km version of Ather S and a feature-loaded Z version with a 125 km IDC (Indian Driving Cycle) range are also in the pipeline. The EL platform added the latest features like onboard charging, AeBS and 10,000km service intervals. This would be the largest investment to date on a new product. I would say this will be an easy Rs 400-500 crore investment between the platform and the product (or) likely more, Ather Energy co-founder and CEO Tarun Mehta told PTI at the 4th edition of Ather Community Day hosted in Bengaluru on Saturday. The latest vehicle architec
Ather Energy invests over 400-500 crore to develop scooter platform EL, e-scooter Monarc
Earlier, the company launched Monarc at a starting price of 99,999 (ex-showroom Bengaluru) in three variants, S100, S125 and S160, with a host of new features
Ahmedabad (Gujarat) [India], August 29: DHS Multispecialty Hospital has inaugurated a new twin-tower facility in Ahmedabad, expanding its healthcare infrastructure and launching a dedicated robotic knee replacement centre.
HDFC Bank CEO Jagdishan to step down, decides not to seek reappointment
The bank said its Board has decided to fast-track the process for selection and appointment of his successor well within time
Temasek backs Singapore Airlines' investment in Air India amid challenges and reported losses. There has been some noise over Air India seeks an additional $1.5 billion, with concerns regarding the impact on Temasek's investments.
Prataap Snacks completes acquisition of RLOP Food Processing
Consequent to the completion of the acquisition, target company has become a wholly-owned subsidiary of the Company.
Meta has settled with US states over claims that Facebook and Instagram harm children, agreeing to pay $12.7 billion, with an additional $5.3 billion contingent on rivals implementing similar changes.
Mumbai (Maharashtra) [India], August 29: Founded in 1961 and operating in approximately 80 countries and regions under the philosophy Aiming at realizing the cohesive society Unicharm is the world's 10th largest and Japan's No. 1 pet care company. It entered pet care in 1986, offering a unique otal care approach across nutrition and hygiene.
HDFC Bank CEO Sashidhar Jagdishan to step down after term ends in October
HDFC Bank CEO Sashidhar Jagdishan leaves India's largest private lender amid a crisis, and nearly 30 years after he first joined the company as a manager.
Max Estates Ltd has acquired 84.71 acres in West Delhi for 420 crore via a share-swap. This marks their entry into Delhi's real estate after projects in Gurugram and Noida. Check how much it expects in revenue.
HDFC Bank CEO Jagdishan not seeking reappointment, to retire in October
HDFC Bank MD & CEO Sashidhar Jagdishan will retire on October 26, 2026, after deciding not to seek reappointment, the bank said
HDFC Bank CEO Sashidhar Jagdishan to retire in October, will not seek reappointment
HDFC Bank's Chief Executive Sashidhar Jagdishan will retire in October. He has decided not to seek reappointment when his current term ends. The bank's board accepted his decision after persuasion efforts failed. Mr. Jagdishan will step down from his services on October 26, 2026. This announcement was made by the lender in a stock exchange filing.
Innovision receives Manambadi fee plaza toll collection contract
In State of Tamil Nadu
Board of Parmax Pharma approves preferential issue of shares and warrants
At meeting held on 29 August 2026
Chemtech Industrial Valves board approves alteration of object clause of MoA
At meeting held on 29 August 2026
Chandra plan's next investment: Subhash Chandra says he plans to work with investment friends in Switzerland and may borrow 2-4 crore from family to invest in startups, days after NCLT approved his 6.5-crore repayment plan against 22,006 crore in claims.
Barmer (Rajasthan) [India], August 29: At a time when enhancing domestic production remains a national priority, Mangala field in Barmer, Rajasthan stands as a testament to the potential of India's hydrocarbon resources, having delivered sustained production since Cairn made India's largest onshore oil discovery. As Mangala marks 17 years of First Oil, the field continues to be a cornerstone of the nation's oil and gas industry, making a significant contribution to domestic crude oil output and reducing import dependence.
Lalithaa Jewellery to open stores in Malaysia, Singapore
To add 110 new showrooms across southern states before expanding into North India.
OpenAI announced plans to stop providing AI models to Cursor, a coding tool owned by Elon Musks SpaceX. This development escalates the rivalry between OpenAI CEO Sam Altman and Elon Musk, stemming from a long-standing dispute linked to Musk's $150 billion lawsuit against OpenAI.
Sebi bars Trafiksol ITS, its promoters from securities market for 1 year; slaps Rs 1.05 cr fine
Sebi has taken decisive action against Trafiksol and its promoters, imposing a one-year ban from the securities market. The company and its directors face penalties totaling Rs 1.05 crore after being found in serious breach of regulations concerning financial disclosures and the allocation of IPO funds. The decision comes in light of complaints regarding Trafiksol's SME IPO, which was significantly oversubscribed at a rate of 345.
IndosolSolar to commissioningot-wafer plant in AP next month
Company is also eyeing US exports
Oppo, Toyota chase Indias 100-million-plus anime audience as Naruto, maid cafs draw Gen Z
From 1,000 maid-caf entry to gaming, merchandise and Japanese food, young Indians are spending to step inside the anime worlds they watch on screenopening a new consumer market for mainstream brands
MCX logs record daily turnover of Rs 62.93 lakh crore amid strong activity
MCX recorded its highest-ever daily turnover of Rs 62.93 lakh crore on August 28, driven largely by options activity across more than 3.13 crore contracts. The record comes as the exchange strengthens its physical-derivatives market linkage through standardised delivery norms, supporting greater participation, hedging and depth in commodity markets.
Who is Sandhya Devanathan? Former Meta India head joins OpenAI as Asia-Pacific Leader
Sandhya Devanathan exited Meta after serving for a decade. She will be joining OpenAI as VP South East Asia, Australia.
GST Council's 57th meeting to be held on September 12, officers' meeting on September 11
The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in New Delhi. Details regarding the venue and agenda will be communicated shortly. The memorandum has been sent to various government offices and state finance ministers. The GST Council is India's apex indirect tax decision-making body.
Zee founder Subhash Chandra's next move: An investment job in Switzerland
Subhash Chandra plans a professional role with Swiss investment firms. He will use his remaining Rs 6.5 crore for a repayment plan. Creditors will recover a fraction of their Rs 22,006.57 crore claims. The insolvency case stemmed from a personal guarantee for a loan default. Chandra expressed confidence in earning again and pursuing new ventures.
Subhash Chandra insolvency: Union Bank to challenge NCLT order approving 6.5-crore repayment plan
Subhash Chandra insolvency case: Union Bank of India (UK) will challenge the NCLT's approval of Subhash Chandra's 6.5-crore repayment plan against 22,006.57 crore in claims. HDFC Bank is also weighing an appeal, while LIC Housing Finance will pursue principal borrowers.
Beyond Great Journeys: Cholan Tours Sets a New Benchmark as a Great Place to Work
New Delhi [India], August 29: Cholan Tours, one of India's growing Destination Management Companies, was officially certified as a Great Place to Work in August 2026, marking a significant milestone in its ongoing efforts to build a people-first workplace focused on learning, collaboration, growth, and employee well-being.
Infosys Public Services CEO Lax Gopisetty was in Nepal for personal reasons, revealed the company in a statement. He remains unreachable following the devastating floods in the Nepal-Tiber border region.
Max Estates to enter Delhi housing mkt with 84 acre land deal in Najafgarh
The developer will acquire 84.71 acres in Najafgarh through a Rs 420.2 crore non-cash share swap, marking its first residential entry into Delhi
Govt eases 5G radiation limits, says report | Will new EMF rules help telecom operators cut costs?
India is set to raise the permitted 5G radiation limit from 5 to 10 watts per sq m, aligning with global norms. The move could help telecom operators expand coverage with fewer towers and reduce network deployment costs, reports said.
Cipla Pharma license cancellation order withdrawn as HC chides Maharashtra FDA
Bombay High Court bench says FDA acted against principles of natural justice; FDA to issue fresh show cause notice to Cipla Pharma
John Cockerill India bags Rs 200-cr order from A1 Iron & Steel Tanzania
John Cockerill India secured an order worth approximately Rs 200 crore from A1 Iron & Steel Tanzania for steel processing equipment at its plant in Dodoma, Tanzania.
German insurer Allianz weighs $6.77 bn takeover of AA roadside rescue giant: Report
Germany's Allianz is reportedly considering a significant takeover bid for the British breakdown recovery group AA. This potential deal is valued at approximately five billion pounds, according to recent reports. Allianz is one of several parties in discussions with AA's advisors about a possible acquisition. Private equity firm EQT is also mentioned as another interested bidder in the process.
Green facades play a significant role in regulating outdoor thermal conditions, although their effectiveness can significantly differ. A comprehensive 2025 study on five green walls across Czech cities revealed that the most substantial reduction in radiant heat was observed in the Holeovice district of Prague. Nevertheless, the findings highlighted that the cooling benefits of green walls are relatively limited in temperate climates, influenced by wall type and local environmental factors.
Authorities warn of fresh rainfall in Nepal's flood-affected areas; threats rescue ops
Nepal's meteorology department warns of fresh rainfall and thunderstorms in flood-affected areas. Ongoing rescue and relief operations face disruption from the worsening crisis. An ice-rock avalanche caused a torrent of water, mud, and debris downstream. Over 600 people have died, and more than 2,400 remain missing. Rescuers continue operations amid fears of another wave of flooding.
Innovative films designed for dryland crops are making a remarkable impact by minimizing heat and water loss. These films effectively permit essential sunlight needed for photosynthesis while limiting excessive heat exposure. Impressive field tests have demonstrated crop yield increases of up to 370 percent. This development provides a crucial new solution for enhancing agriculture in the world's arid regions, which encompass forty-one percent of the planet's land.
Reliance Jio
Meta Infotech bags Rs 4-cr renewal order from private sector bank
Meta Infotech announced that it has received a renewal order worth Rs 4.08 crore from a private sector bank for providing sustenance services for the period from April 1, 2026 to March 31, 2027.
Vedanta, Wipro among 10 stocks that saw biggest jump in retail holders in Q1. See full list
Vedanta, Wipro and Bajaj Auto were among the stocks that saw the biggest additions to their retail shareholder base in Q1FY27, with several large companies witnessing strong retail participation.
Ather Energy introduces Konarc electric scooter starting at Rs 99,999
Ather Energy introduced Konarc, its new electric scooter aimed at expanding the company's presence in the mass-market electric two-wheeler segment.
SIA commits to long-term growth of Air India,to evaluate additional capital infusion
Stating that India is projected to be the worlds third-largest economy by 2030, SIA said the country is the worlds third-largest aviation market by passenger traffic, and is expected to treble by 2044 from 2024 levels
Max Estates acquires 84.71-acre land parcel in Delhi
With gross development value of Rs 10,000-12,000 cr
Tata Sons gets RoC nod to hold AGM by December-end
A quorum dispute involving a key shareholder has delayed crucial corporate decisions, prompting Tata Sons to seek additional time for compliance
Aayush Wellness launches Lung Care Tablets
Aayush Wellness announced the launch of its Lung Care Tablets, marking a significant expansion of its prevention led healthcare vision. Building on the proposition of Aayush Herbal Masala, developed around the health concerns associated with smokeless-tobacco consumption, the Company is now extending its focus to respiratory wellness, addressing the growing health challenges associated with smoking, air pollution and environmental exposure.
Under the proposed system, a 1% registration fee may be charged on such agreements. The government believes the move could help reduce disputes over the division of property and ownership rights.
Vanguards India Portfolio: 12 stocks surge up to 190% in CY26; 3 multibaggers, 3 new entrants
Vanguard Funds
Mia by Tanishq And Zepto Bring an Unexpected Rakhi Surprise to Doorsteps Across Mumbai And Delhi NCR
Mumbai (Maharashtra)/ New Delhi [India], August 29: This Rakshabandhan, Mia by Tanishq gave brothers an unexpected reminder to make their sister's day a little more special. In a first-of-its-kind collaboration, Mia by Tanishq partnered with Zepto to bring its Make Your Sister Cry campaign into an everyday moment for consumers across Mumbai and Delhi NCR.
Ashoka Buildcon bags Rs 602-cr order from RVNL
Ashoka Buildcon announced that it has secured a Rs 602.16-crore order from Rail Vikas Nigam (RVNL) for electro-mechanical works for tunnels under the Rishikesh-Karnprayag rail project in Uttarakhand.
Will Dalal Street see record Rs 70,000 crore IPOs in September? Jio and NSE buzz raises stakes
India
Max Estates buys 85-acre land in Delhi, eyes 10,000-12,000 cr revenue
Realty firm Max Estates Ltd has acquired 84.71 acre land in West Delhi from promoters' land holding entities, in a share-swap deal worth Rs 420 crore, as part of its expansion plan. The company will develop residential and commercial projects on this land parcel and expects revenue of Rs 10,000-12,000 crore from upcoming projects on the site. With this acquisition, Max Estates said it has entered into Delhi's housing market. It is already doing residential projects in Gurugram and Noida markets of Delhi-NCR. In a regulatory filing on Saturday, the company said it has entered into a share purchase agreement to acquire 100 per cent stakes in nine promoter-owned land-holding companies, which together own 84.71 acre land parcel. The acquisition is structured as non-cash share swap transaction. Max Estates will pay consideration through the issue of equity shares. As per the deal, Max Estates will allot about 70 lakh equity shares at an issue price of Rs 597.50 per share, aggregating
Ola Electric receives PLI-auto incentive, of 95.81 cr, from govt for third straight year
Ola previously secured a sanction of 73.74 crore for the financial year 2023-24, followed by 366.78 crore for the financial year 2024-25
Coal India says gasification scheme rules may favour private sector players
CIL has flagged the 60-day bidding window and exclusion of captive power plants from eligible project costs, saying the rules could disadvantage it against private rivals
IPO fever grips D-Street: 3 issues to open for subscription; 8 new listings lined up for next week
India
Indian bank stocks show widest exchange price gap in decades
Indian bank stocks saw unusually wide price gaps between the NSE and BSE during Thursdays closing auction, with IndusInd Bank recording its widest exchange price difference in more than two decades. The divergence has intensified scrutiny of the new auction system amid thin liquidity, monthly expiry pressures and concerns over market manipulation.
Concurrent Gainers: 13 smallcap stocks that gain for 5 days in a row, surge up to 45%
Thirteen BSE SmallCap stocks advanced for five straight trading sessions through August 28, delivering cumulative gains of up to 45% despite a broader market decline during the period.
Reliance Group rejects Subhash Chandra's allegations against media entities
The Reliance Group on Friday, 28 August 2026, rejected allegations made by Essel Group chairman Subhash Chandra against media entities associated with the group, describing his remarks as baseless.
Bajaj Finance, L&T Finance poised to benefit as NBFC earnings recovery broadens: Siddhartha Khemka
India
BSE, Hindustan Zinc among 5 stocks with revenue growth of up to 64% in 1 year. Check details
B SE, Muthoot Finance and Hindustan Zinc led five stocks with the highest revenue growth over the past year, alongside strong profit growth and five-star Value Research ratings.
Maharashtra FDA cancels Ciplas Pune unit licence; company contests order
The drugmaker said the order does not allege concerns over product safety, quality or efficacy, or indicate any patient safety issue
Tech leads D-Street bound, FPI play in focus
On Friday, Indian equities bounced back, driven predominantly by a surge in technology stocks. Investors showed renewed interest in undervalued IT shares, aided by a decline in crude oil prices. After a prolonged period of selling, foreign investors reversed their trend, becoming net buyers in July and August. Broader market indices also benefited from this trend, as mid and small-cap stocks appreciated.
Jio Platform gets Sebi's nod for Rs 37,000 crore IPO
Jio Platforms has gained Sebi's green light for its anticipated initial public offering, which is projected to garner between $3.5 and $4 billion. This marks Reliance Industries' first IPO in almost 20 years. The firm intends to issue new equity shares, albeit only representing a minor equity stake. A portion of the raised funds will help in offsetting loans for Reliance Jio Infocomm.
Nearly half of BSE 200 stocks fail to deliver returns in 2026. Whats dragging them down?
This year, numerous firms across various sectors are grappling with a lack of returns, a stark contrast to the previous years' performances. Key industries such as automobiles, FMCG, and IT are showing marked declines. Interestingly, capital goods stocks have demonstrated resilience, fueled by increased infrastructure spending. This downturn in the market parallels a slowdown in systematic investment plan inflows.
IndiGo invests in Sarvam AI to boost AI-driven operations and passenger experience
IndiGo Ventures invested in Sarvam AI as part of the full-stack sovereign artificial intelligence company's Series B round of funding.
Retail shareholder counts fell sharply in several widely held stocks during Q1FY27. Suzlon Energy, Tata Motors, Yes Bank and Adani Green Energy were among the biggest decliners.
RIL says Jio Platforms receives SEBI observation letter for proposed IPO
Jio Platforms, a subsidiary of Reliance Industries, has received an observation letter from the Securities and Exchange Board of India (SEBI) for its Draft Red Herring Prospectus (DRHP) for the proposed initial public offering (IPO).
Infosys Public Services CEO Lax Gopisetty unreachable after devastating Nepal floods
Infosys confirmed its executive Lax Gopisetty is unreachable after visiting Nepal. The company is working with agencies to establish contact and ensure his safety. Devastating floods have impacted Nepal, leaving many Indians missing or stranded. India stands ready to provide assistance to Kathmandu in managing the crisis. The Ministry of External Affairs reported stranded Indian nationals have crossed into Nepal.
India's bullet train project, linking Ahmedabad and Mumbai, is set to launch soon after nearly ten years since its announcement. Learn more about features, cost, design and other details of made-in-India first high-speed rail project.
Aster DM Quality Care subsidiary buys 14.21% stake in STS Holdings for $44.11 million
The acquisition follows a merger framework agreement signed in November 2024 and received approval from the NCLT Hyderabad bench in June 2026
Mahindra fires up EV price war with flat 8-lakh cut across SUV portfolio under battery-as-a-service
Battery financing is changing how electric SUVs compete for buyers, bringing larger battery packs and longer ranges into lower initial price filters
Tata Sons gets 3-month AGM extension relief after quorum issue
Tata Sons received a three-month extension for its annual general meeting. The meeting was deferred due to restrictions on the Sir Ratan Tata Trust. This prevented a quorum, impacting the company's governance. The extension protects minority shareholders' interests during this period. An AGM can be held sooner if trust restrictions are lifted.
Johns Hopkins research from 2000 and 2006 represents an important scientific progression in the search for ways to repair damaged nervous systems. The original experiment involving 18 paralyzed rodents provided evidence that neural stem cells could migrate toward spinal-cord injury and coincide with functional improvement.
Bankers question role of RP in the Subhash Chandra case and how net worth was computed
Dissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how his networth fell from more than Rs 40,562 crore when he issued the guarantees to Rs 32 crore in 2025, the crowding out of lenders by related party entities in the committee of creditors (CoC), and the role of resolution professional (RP) Shiv Nandan Sharma in admitting questionable entities as creditors highlights the difficulties in recovery in high-profile cases.
Newsom Blocked on Push to Shield Utilities From Fire Liabilities
California Governor Gavin Newsoms push to shield publicly traded utilities from some wildfire liabilities has been blocked by state lawmakers, according to people familiar with the negotiations.
In 1905, an engineering blunder redirected the Colorado River into a desert basin, unintentionally giving rise to California's Salton Sea. Initially, this man-made lake flourished as a vibrant resort destination, attracting countless visitors. However, over time, rising salinity and dwindling water levels have altered its appeal. Despite these challenges, the Salton Sea continues to serve as a crucial habitat for migratory birds along the Pacific Flyway.
'We got the job done': US forces clear Iranian sea mines from strait of Hormuz; shipping reopens
BRICS set to adopt framework for supply-chain cooperation
India will chair the BRICS Summit, focusing on development and innovation. The summit will address resilient supply chains and promote trade in national currencies. Global institutional reforms and BRICS Bank projects will also be discussed. Unilateral sanctions against member countries are expected to receive attention. Leaders from eleven BRICS and ten partner countries will attend the event.
Bodies of four Nagas, killed in Manipur ambush, retrieved
Bodies of four Naga civilians killed in Manipur's Kangpokpi district were retrieved on Friday. Armed assailants attacked a vehicle on Thursday, killing four and injuring two others. Security forces faced disruptions but later reached the site to retrieve the bodies. Chief Minister Y Khemchand Singh directed immediate action against those responsible for the attack. The United Naga Council accused two militant outfits of involvement in the ambush.
