30 C 
Dev Information Technology secures NICSI project worth Rs 5 cr
Dev Information Technology has been awarded a significant work order worth Rs 5.15 crore for the development of IFMS 3.0 Web and Mobile Applications for the Directorate of Treasuries and Accounts, Government of Rajasthan, Jaipur. This work order was received vide National Informatics Centre Services Incorporated (NICSI).
Natalie Harp reportedly worked over a year without required security clearance. Concerns arose due to her close access and information filtering role. She eventually completed the necessary paperwork and received clearance recently. Harp's role as an information gatekeeper for President Trump is notable. Her access to sensitive information and unfiltered material is under scrutiny.
Benghazi [Libya], August 20: The Global Competitive Urban Planning Initiative Benghazi (GCUPI-B) has reached 93% capacity, with FDRL urging firms, experts, startups and innovators from around the world to secure their place before the final registration deadline.
NSUI flags RSS links in NCERT political science textbook panel
The NSUI has criticized the NCERT's reconstituted textbook development team. They allege members have direct or indirect links to the RSS-affiliated ecosystem. This inclusion raises questions about academic neutrality and ideological diversity in textbooks. The NSUI demands the team's dissolution and reconstitution with independent educationists. They also seek public disclosure of member qualifications and draft textbook reviews.
No politics in 'Operation Toofan', applies equally to all: Keralam Home Minister
Kerala Home Minister Ramesh Chennithala stated the anti-narcotics drive is apolitical. Operation Toofan will treat all individuals equally, regardless of affiliation. The minister highlighted significant changes achieved during the operation's duration. He also commented on the ED's probe into a case involving the former Chief Minister's daughter.
Hemant Kumar Bhukar transitioned from Intel engineer to ISRO scientist after diligent preparation. He secured All India Rank 7 for Scientist 'A' while working full-time. Bhukar's journey highlights dedication and leveraging prior experience for new goals. His success inspires students from rural backgrounds towards science careers. This achievement brought pride to his family and Rajasthan village.
Japanese Defence Minister Shinjiro Koizumi arrived in Mumbai for his first official visit to India. He inspected a Guard of Honour and laid a wreath at the Naval Dockyard. Koizumi held strategic discussions with Indian Navy officials on operational capabilities. Defence Minister Rajnath Singh will meet Koizumi in New Delhi to bolster bilateral defence relations. Both nations aim to enhance maritime security and technology collaboration.
India dismantles Pakistan High Commission security perimeter in Delhi after Islamabad action
Sensex jumps 537 pts; IT shares advance
At 10:30 IST, the barometer index, the S&P BSE Sensex gained 536.66 points or 0.70% to 77,446.27. The Nifty 50 index jumped 132.80 points or 0.55% to 24,210.85.
Glenmark Pharma gets USFDA nod for Fluticasone Propionate Nasal Spray
Glenmark Pharmaceuticals announced that it has received approval from the U.S. Food and Drug Administration (USFDA) for Fluticasone Propionate Nasal Spray USP, 0.05 mg/spray.
United Spirits rises after FSSAI revokes order on Baramati unit product
United Spirits rose 1.05% to Rs 1,540 after the Food Safety and Standards Authority of India (FSSAI) revoked its 29 June 2026 order concerning the sale of a product manufactured at the company's Baramati unit.
US equities end three session losing streak
The US stocks moved up on Wednesday, as US bond yields retreated following an announcement from the Treasury Department that it would significantly ramp up buybacks of long-dated government debt.
L&T-MHI consortium to deliver APM system at Al Maktoum Airport
The Transportation Infrastructure business vertical of L&T, in consortium with Japan's Mitsubishi Heavy Industries (MHI), has secured a large order to design and build the Automated People Mover (APM) System for Phase 1 of Al Maktoum International Airport in Dubai. According to the company's project classification, the value of the order ranges between Rs 2,500 crore to Rs 5,000 crore.
Urban Company partners with Unicommerce to expand operations in Middle East
Urban Company's Middle East arm has partnered with Unicommerce, one of India's leading AI-powered e-commerce enablement SaaS platforms, to power its e-commerce operations across The Kingdom of Saudi Arabia and The United Arab Emirates.
EMS rises after emerging as L-1 for Rs 1,908-cr Rajasthan water supply project
EMS rose 1.85% to Rs 402.45 after the company said that it has emerged as the lowest bidder for a water supply project in Kota, Rajasthan, with an estimated order value of Rs 1,908.63 crore.
Aditya Birla Capital forays into gold loan biz
Aims to establish network of 1,000 gold loan branches in next 3 years
INR rebounds well in opening trades as dollar turns lower
The Indian rupee recovered well in opening trades on Thursday tracing sharp pull back in dollar index overnight. Dollar index slumped by near 1% yesterday and edged below 99 mark overseas after the US Treasury Department stepped in to provide relief to bond markets. The Treasury Department announced that it would at least double the maximum size of its liquidity-support buyback operations for longer-dated nominal securities. The current maximum size of $2 billion per operation will be at least $4 billion per operation. INR opened at Rs 95.57 per dollar but lost some momentum to hit a low of 95.64 so far during the day. Positive cues from global equities are likely to keep local shares optimistic and support the counter. Meanwhile, RBI noted in the minutes of its August monetary policy that RBI has built a substantial dollar cushion to defend rupee.
RBI grants approval to LIC for raising stake in HDFC Bank to 9.99%
HDFC Bank said that the Reserve Bank of India (RBI) has granted approval to Life Insurance Corporation of India (LIC) to acquire an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in the bank.
Reliance Industries rises on buzz of Rs 2.73 lakh crore coal gasification project
Reliance Industries added 0.45% to Rs 1313.35 after media reports said that the company has proposed to invest about Rs 2.73 lakh crore to develop an integrated underground coal gasification complex in Andhra Pradesh's Eluru district.
Oil India Ltd has added 6.27% over last one month compared to 2.19% fall in BSE Oil & Gas index and 0% drop in the SENSEX
Rashi Peripherals Ltd Spurts 3.27%, BSE Information Technology index Rises 1.43%
Rashi Peripherals Ltd has added 16.22% over last one month compared to 5.86% gain in BSE Information Technology index and 0% drop in the SENSEX
Market opens higher in early trade; breadth strong
At 09:30 IST, the barometer index, the S&P BSE Sensex gained 493.55 points or 0.64% to 77,403.23. The Nifty 50 index jumped 112.75 points or 0.47% to 24,191.05.
Krishna Institute of Medical Sciences allots 77.02 lakh convertible warrants
The warrants shall be convertible into equity shares of the Company within a period of 18 (Eighteen) months from the date of allotment of the warrants.
Cabinet approves four multitracking projects increasing network of Indian Railways by about 410 Kms
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Glenmark Pharmaceuticals receives USFDA approval for Fluticasone Propionate Nasal Spray USP
Glenmark Pharmaceuticals (Glenmark) today announced the receipt of U.S. FDA approval for Fluticasone Propionate Nasal Spray USP, 0.05 mg/spray.
Stock Alert: Aditya Infotech, HDFC Life, Hyundai Motor, Kolte-Patil Developers
Bandhan Bank, Manappuram Finance and SAIL barred from fresh F&O positions on 20 August 2026.
GIFT Nifty signals positive start as Wall Street rebounds; oil stays elevated
GIFT Nifty:
Xtranet Technologies consolidated net profit rises 74.43% in the June 2026 quarter
Sales rise 10.51% to Rs 50.46 crore
Lohia Corp consolidated net profit rises 295.78% in the June 2026 quarter
Sales rise 59.51% to Rs 503.02 crore
Spice Islands Industries standalone net profit rises 324.24% in the June 2026 quarter
Sales rise 823.83% to Rs 17.83 crore
Lionel Messi scores emotional first goal since father Jorge Messi's death
Lionel Messi delivered an emotional performance, scoring his first goal for Inter Miami since the death of his father, Jorge Messi. Against the Philadelphia Union, Messi's goal was a poignant reminder of his father's profound influence on his career. Despite the emotional moment, the match ended in a 2-2 draw, making it a bittersweet night for the football icon.
Thursday Motivation Quote by Arianna Huffington: Arianna Huffington articulates fearlessness as not the lack of fear but the mastery over it. She advocates for resilience, encouraging individuals to rise once they stumble. As the co-founder of The Huffington Post, a major digital media outlet, her journey took a turn when an incident of exhaustion prompted her to prioritize well-being. This highlights that achieving success should coincide with taking care of one's health.
Bangladesh's Mirza Fakhrul Islam Alamgir tipped to become new president
Bangladesh's parliament will elect Mirza Fakhrul Islam Alamgir as the nation's new president. He is expected to win the largely ceremonial five-year post easily. This follows the resignation of the previous president due to ill health. Former Prime Minister Sheikh Hasina remains in hiding in India. Rights groups had long accused Hasina's administration of abuses.
Can Tempsens IPO deliver long-term growth for high-risk investors?
Tempsens Instruments plans a 650 crore IPO to fund expansion and debt repayment. The company manufactures specialized temperature sensing and electrical heating solutions for global markets. Its revenue grew significantly between FY24 and FY26, showing strong financial performance. Tempsens holds a leading market share in various temperature sensor segments in India. Investors with a high-risk appetite may consider this offering for long-term growth.
Shiprocket soars 48% on debut, erases valuation cut
Shiprocket shares debuted on Wednesday at a notable premium compared to their IPO price. The e-commerce logistics firm experienced a robust closing surge on the Bombay Stock Exchange. This impressive market entry effectively reversed a previous decline in valuation prior to its public listing. Early backer Bertelsmann benefited greatly, witnessing a remarkable increase in their stake. Investors enthusiastically oversubscribed the company's initial public offering.
Sebi bars two entities for 'manipulating' CAS
Sebi barred Copthall Mauritius Investment and Mansi Share and Stock Broking from securities market access. The regulator alleged manipulation of the Sensex during the new closing auction session. Sharp and unusual movements were detected in the index on August 13 expiry day. These actions aimed to benefit from outstanding Sensex options positions, Sebi stated. The entities allegedly generated wrongful gains totaling over Rs 3.6 crore.
TPG sells 6.66% stake in Aster DM Quality Care for 4,451 crore
The large block transaction reshaped the hospital operators shareholder base, with institutional investors emerging as significant buyers of the shares
After years on the fringes, Noel Tata has taken centrestage, and inherited a leaky chalice
The day Tata Sons failed to hold its AGM, the curtain rose on Noel Tatas real problems. N. Chandrasekaran leaves behind a more powerful Tata Sons, and a clutch of unfinished mega bets.
Reits eye strong expansion on high demand for office space
India now has six real estate investment trustsfive in office and one in retailbacked by global asset managers such as Blackstone and Brookfield, and leading office developers.
Legacy fashion brands stitch new labels for Gen Z
Indias legacy apparel companies are stepping up efforts to win over Gen Z, a consumer shaped by fast-changing trends, social media and affordability. The challenge is to bring in the agility with new plays and also keeping the established customer base intact.
India Incs June quarter earnings beat masks a widening divide
Corporate India's June-quarter earnings surged on a low base, strong volume and credit growth, and a global commodity upcycle. But smaller companies lagged as weak pricing power and margin pressure weighed on profits.
Indian Railways is eyeing logistics. Can its parcel app get it there?
Railways is moving beyond station-to-station parcels with door-to-door delivery, private logistics partners and potentially scheduled parcel trains to target e-commerce, MSME and other cargo now moving by road.
Stocks in news: Hyundai Motor India, BSE, HEG, Hexaware Tech and Oil India
Indian equity markets extended their losing streak to a seventh consecutive session, with the Nifty50 closing lower at 24,078.30. Key corporate developments are expected to influence Thursday's trade, including Hyundai Motor India's planned price increase, Aditya Infotech's fundraising approval, and BSE's agreement with MSCI for index futures and options. Other companies like HEG, Ceigall India, and HDFC Life Insurance also saw significant announcements.
Pre-market action: Here's the trade setup for today's session
Nifty declined for a seventh session, influenced by elevated crude oil prices. Analysts anticipate continued pressure due to global weakness and geopolitical tensions. The India VIX, a fear gauge, saw a slight decrease to 11.32 levels. Foreign and domestic institutional investors showed net buying activity on Wednesday. The Indian rupee weakened against the dollar but saw central bank intervention.
Indo National launches Nippo Airvue, targets 100 crore revenue by FY30
The Nippo brand is expanding beyond batteries as Indo National seeks new growth opportunities in technology-led home and consumer solutions.
Sebi plans comprehensive review of rules governing SME IPOs
Sebi plans a comprehensive review of IPO rules for small and medium companies. Market making and underwriting systems are identified as areas needing attention. A working group has submitted its report on the SME platform to the regulator. Sebi will soon release a consultation paper regarding the SME platform. The regulator also aims to support global fund management activities from India.
Satcom services from Jio, Starlink, OneWeb stuck over security concerns
Concerned about national security, the government is holding up security approvals and spectrum allocation.
Nifty price-to-book ratio hits 6-year low, but market may not be cheap
The Nifty's price-to-book ratio has slid below three for the first time in six years, showcasing the banking sector's struggles alongside rising book values. With banks and financial services playing a crucial role in the Nifty's composition, the recent consolidation of financials has notably influenced valuation metrics. It is now essential for investors to prioritize earnings growth and future profitability projections.
Due diligence: On surrogate advertising
Curbs on surrogate advertising must avoid regulatory overreach
No takers: Public sector banks put 39,000 cr of bad loans up for sale again
Public sector banks offered many bad loans previously for sale. Nearly eighty percent of these loans were repeat sale attempts. Indian Overseas Bank and Indian Bank led these repeated offerings. Private sector banks showed a sharp contrast with few repeat sales. This highlights challenges in selling large legacy corporate accounts.
Indian companies have long played a major role in Dubais economy, with nearly 82,000 active Indian businesses registered with the Dubai Chamber of Commerce by end-2025. Rising bilateral trade and the India-UAE CEPA are deepening ties, while Dubais infrastructure, capital, talent and connectivity offer Indian firms a platform for global expansion.
LG Energy, once fixed on EV batteries, jumps to Plan B
LGENERGYSOLUTION-BATTERIES/STORAGE (CORRECTED, PIX):CORRECTED-LG Energy, once fixed on EV batteries, jumps to Plan B
SMBC investment strengthens Yes Bank's institutional positioning: Lender
SMBC's 24.9 per cent stake brings strategic value through enhanced corporate banking capabilities, governance practices, risk management and cross-border opportunities
KOZYNAP Accelerates Retail Expansion with Fully Customized Sleep Solutions
Kolkata (West Bengal) [India], August 19: Building on its rapidly expanding retail and hospitality presence, KOZYNAP, one of East India's fastest emerging mattress brands, is now entering its next phase of growth, strengthening its manufacturing ecosystem while expanding its footprint across India and preparing to enter newer international markets.
CBI books Gensol, BluSmart founders over alleged 672 crore loss
The CBI has registered a case against Gensol Engineering Ltd and the founders of BluSmart EV taxi service, Anmol Singh Jaggi and Puneet Singh Jaggi, over causing alleged loss of over Rs 672 crore to IREDA, officials said Wednesday. The action comes on a complaint filed by The Indian Renewable Development Agency (IREDA), which had alleged that it extended loans to Gensol Engineering Limited and its subsidiary, Gensol EV Lease Limited, for procuring Electric Vehicles for the BluSmart EV ride-hailing service, the FIR said. No immediate reaction was available from the companies or other accused persons. It alleged that funds were misappropriated and diverted for purposes other than those they were sanctioned for, resulting in a loss of Rs 453.77 crore on account of Gensol Engineering Limited and Rs 218.97 crore on account of Gensol EV Lease Limited, excluding interest and other applicable charges. Based on the complaint, the CBI registered a case against Gensol Engineering and its ...
Used car loans grew faster than auto loans in last five years despite higher stress: Report
Used car financing grew faster than auto loans over five years. The used car finance portfolio reached Rs 1.3 lakh crore by June 2026. Auto loans portfolio grew to Rs 9.9 lakh crore during the same period. Financiers funded used cars despite facing higher stress levels. Overall asset quality in the wheels finance segment is now stabilising.
Navis UPI growth fuels NBFC arms loan expansion
Navi Finserv plans to explore segments such as merchant financing and loans against mutual funds, says MD and CEO Abhishek Dwivedi.
SEBI fines two firms 3.7 crore for CAS manipulation
SEBI charged Copthall Mauritius Investment and Mansi Share and Stock Broking Private Limited as they manipulated the markets during the newly introduced closing auction session
Amazon 1 lakh fine: CCPA flags sale of sweets as Shri Ram Mandir Ayodhya Prasad
The CCPA said the phrase Shri Ram Mandir Ayodhya Prasad has a specific religious meaning for devotees, referring to food offered to and blessed by the deity at the Ram Mandir in Ayodhya.
Moderna co-founder Robert Langer is a billionaire once again as stock more than doubles
Moderna shares surged as much as 156% to about $161 on Wednesday after the company and Merck reported positive results from the first late-stage trial of an mRNA-based cancer therapy.
What is industry? Nine-judge Supreme Court Bench to pronounce verdict on terms ambit
U.P., Maharashtra, Punjab sought relook at 1978 judgments expansive definition of industry, which only excluded core sovereign activities; Bench considering whether state enterprises, schemes are industrial activities
Zulu Defence bets on integrated drone systems, scales up for global demand
Nagendran Kandasamy, Co-founder and CEO, announced plans to relocate from a 15,000 sq ft facility to a 45,000-50,000 sq ft unit to support expansion
Marvell Tech gives Google right to buy up to $12.2 billion in shares
Google may purchase up to nearly 59 million Marvell shares at a price of $206.58 apiece, Marvell said Wednesday in a regulatory filing.
Google Pixels reported exit from China to bring new tides to Indias manufacturing market
The move can help in putting India at the centre of Googles future hardware expansion plans in the AI age
Sweet Karam Coffee posts double digit m-o-m growth in Mumbai market
The company announced strong demand in the city for products like Andhra Spicy Murukku and Ghee Mysore Pak
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities extended losses for a seventh session as rising oil prices and US-Iran tensions heightened risk aversion. Nifty fell to 24,078, while Sensex declined 326 points. Analysts flagged 24,000-24,050 as crucial support, with weak breadth favouring bears.
Mahindra Lifespaces signs pact for housing society redevelopment in Chembur
The project covers 11,241.7 square metres across seven plots and involves redevelopment of nine existing buildings housing 133 members within 60 months
CtrlS, an Indian data centre firm, secured 250 crore from Nikhil Kamath and Sreeram Reddy Vanga to expand its infrastructure amid rising demand for AI and cloud services.
Sebi flags manipulative trades during CAS on Sensex expiry day, fines two entities
Sebi issued an interim order against Copthall Mauritius and Mansi Share and Stock Broking for manipulative trading during the August 13, 2026, Closing Auction Session. The regulator impounded Rs 3.67 crore in alleged wrongful gains from these two entities.
RBI deputy governor Murmu calls for focus on meaningful financial inclusion
Banks must measure financial inclusion by effective usage and informed decisions. Technology shifts and consumer behavior necessitate responsive banking systems. Digital inclusion deepens, and AI helps recognize capability across diverse groups. Institutions need skilled people to challenge models and oversee external providers. Prudence requires pooled intelligence and credible alternatives for system resilience.
Isthmus 44 sees untapped opportunity in Indias ultra-premium whisky market
Isthmus 44,operatedunder Tartan Paisley Bev Private Limited, is one of Indias first independent bottlers and curatorial houses for single cask Scotch whisky
Crackdown on food companies led to corrective action, accountability: FSSAI
Regulatory oversight continues to drive accountability across the food industry to protect consumer interests, it noted in a recent Instagram post
Navi raises $100 million from Prosus ahead of FY27 IPO filing
Navi said the new funds will be used to fuel its next phase of growth as the fintech prepares to file fresh documents for IPO
Swiggys inventory-led shift could give Instamart another margin lever as quick commerce gets tougher
Swiggys shareholders, on August 18, approved a 49.5 per cent cap on aggregate foreign ownership
Goldman Sachs backs D-street debutante Shiprocket, buys over 40 lakh shares
Shiprocket debuted on the NSE at 131, a 35% premium, closing at 143.10. Goldman Sachs India EQ Portfolio acquired 40.24 lakh shares post-listing. Analysts advise investors to book partial profits while holding remaining shares for long-term growth.
Investors making bigger bets on Indias health supplements sector
According to Traxcn data, equity funding for supplements companies stood at $70 million for 2026 (YTD)
BSE looks to launch MSCI-linked futures and options in India
BSE has partnered with MSCI to explore futures and options contracts linked to MSCI indexes in India, subject to regulatory approvals. The move could broaden BSEs derivatives offerings, strengthen index-based investing and provide investors additional tools to hedge India exposure.
Texas's popular Rio Red grapefruit originated from radiation-induced mutations in 1984. This variety, developed at Texas A&M University, offered vibrant pink flesh and improved hardiness. Early atomic research explored radiation's potential to alter living organisms and create beneficial mutations.
Quote of the day by Epicurus, He who has peace of mind disturbs neither himself nor another, explains how inner calm can affect daily life. The quote connects peace of mind with managing worry, desire, fear, anger and conflict. It also offers life lessons about self-kindness, contentment, friendship, external harmony and avoiding actions that disturb others around you.
Yale researchers tracked 3,635 adults aged 50 and older over a twelve-year study. Their findings showed that regular book readers had a 23 percent lower mortality hazard. Active book readers reached an 80 percent survival milestone 23 full months later than non-readers. Deep cognitive engagement from daily reading strengthens brain function over time. Reading books regularly remains one of the most effective habits for living a longer life.
Commerce minister Piyush Goyal leads 70-member business delegation to Singapore
Commerce Minister Piyush Goyal is leading a large delegation to Singapore. This visit aims to strengthen trade and investment ties between the two nations. The delegation includes representatives from various key sectors like technology and finance. Singapore remains India's largest source of foreign direct investment. Bilateral trade has significantly expanded following a cooperation agreement.
A 1,300-year-old shipwreck off Croatia's Mljet island revealed over 600 grams of gold. This significant discovery includes a signet ring possibly linked to Emperor Heraclius. Gem-encrusted belts and coins bearing four emperors' names were also recovered. The vessel sank during a challenging period for the Byzantine Empire. This find offers a rare glimpse into maritime activity and elite life.
Jammu and Kashmir Chief Minister Omar Abdullah criticized the growing use of Gen Z as a threat. He stated this rhetoric could undermine goodwill associated with the younger generation. Abdullah compared the phrase to an old saying about parental influence. Using generational identity as a threat is counterproductive and damaging. This warning comes amid discussions on tourist treatment in Jammu and Kashmir.
Mumbai (Maharashtra) [India], August 19: In 1978, a single outlet in Bandra opened its doors with a simple promise: authentic Mughlai food, made without shortcuts. Fifty years, four outlets and a fifth in the pipeline later, that promise has made Persian Darbar one of Mumbai's most enduring names in Mughlai cuisine - and one that has never once turned to a franchise model to grow.
Only 1 in 15 Indians with active smartphone protection, even as 72% report damage
Average device prices in India have risen 4050 per cent in recent years, and the replacement cycle has stretched to approximately 40 months
Quick-commerce discounts settle at 19-20% as new entrants eye 1,200-1,500 dark stores
Indias quick-commerce sector is entering a more disciplined phase, with platforms increasingly balancing growth with profitability even as the entry and expansion of deep-pocketed e-commerce rivals raises the competitive bar
Kolte-Patil Developers appoints Hrishikesh Parandekar as new CEO
Parandekar joins from Alpha Alternatives and will spearhead the developer's next phase of growth, business expansion, operational excellence and institutional strengthening
Novonesis to roll out 3,000-crore Maharashtra investment over next 24-36 months
Danish bio-solutions major Novonesis will begin rolling out its proposed 2,500-3,000 crore Maharashtra investment over the next two to three years, expanding its Patalganga manufacturing base
Delhi HC seeks Beco's response in disparagement suit filed by HUL
HUL alleges Beco's advertising campaign disparaged Surf Excel and Vim by linking chemicals in the products to skin irritation and allergies; court seeks response
Marvell shares jump 12% as Google eyes $12.2 billion stake in AI chip deal
Marvell shares surged 12% after Google secured the right to buy up to $12.2 billion in shares under an expanded AI chip deal.
