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First Brands Bankruptcy-Payout Plan Rejected by Federal Judge
A federal judge rejected the bankruptcy-payout plan of defunct auto-parts maker First Brands, concluding the proposal to raise money by suing a long list of insiders and business partners was not realistic.
CapitaLand India Trust shifts debt to rupees as INR falls
As of June 2026, CLINT had approximately S$1.7 billion (roughly 8,820 crore) of borrowings. As of June, CLINT's assets under management stood at S$3.5 billion.
Rising multiple vehicle loans, bigger ticket sizes raise risk for lenders
Vehicle buyers are increasingly taking multiple loans, while the average amount borrowed is also rising, raising potential credit risks for lenders. The trend is most visible in commercial vehicle finance, where borrowers with two or more loans rose to 19.9% in June from 15.7% a year earlier.
Banks told to have stricter norms for eligibility of forensic auditors
Banks are tightening their forensic auditor empanelment framework. This action follows Enforcement Directorate observations against two audit firms. Two audit firms have been de-empanelled from the Agencies for Specialised Monitoring list. Lenders will review the framework for empanelling audit firms further. Public sector banks reported a record net profit in FY26.
Trump bought shares in Elon Musks SpaceX in June, financial disclosure shows
USA-TRUMP-SPACEX:Trump bought shares in Elon Musk's SpaceX in June, financial disclosure shows
Arvind Strengthens its Denim Legacy with New AD Denim Collection and Raghav Juyal Campaign
Mumbai (Maharashtra) [India], August 24: Arvind Limited, one of India's pioneers in denim, has unveiled its latest AD Denim collection, accompanied by a new campaign featuring actor and youth icon Raghav Juyal. With over five decades of denim expertise, Arvind continues to evolve the category through fabric innovation, craftsmanship, fits and finishes. AD Denim, from the House of Arvind, brings this legacy to a new generation through contemporary silhouettes, premium fabrics, comfort and versatility.
Kolkata (West Bengal) [India], August 24: In a significant step towards strengthening the Corporate Social Responsibility (CSR) ecosystem in West Bengal, CSRBOX and the Finance Department, Government of West Bengal, have come together in a strategic collaboration to advance meaningful corporate engagement around the State's development priorities.
ET Graphics: UPI@10 - A miracle story
UPI has completed a decade of transforming Indias digital payments landscape, with annual transactions soaring from 1.78 crore in 2016-17 to 24,162 crore in 2025-26.
India is becoming a priority market for Silicon Valley AI companies, which are increasingly building products specifically for Indian users, especially in multilingual and affordable applications. However, the country still faces shortages of frontier AI talent and risk capital, limiting its ability to build foundational AI models.
DP World CEO Yuvraj Narayan said diplomatic negotiations, rather than logistical workarounds or war-risk insurance, are needed to address disruptions to global supply chains caused by the Iran crisis.
Coal India sets up Singapore arm to pursue overseas critical mineral assets
CIL Global will explore overseas critical mineral acquisitions and manage investments as the state-run miner looks to diversify its portfolio beyond coal
The Tata Sons' board of directors is likely to meet on 17 September around a month after the AGM on 18 August was adjourned due to lack of quorum, according to a recent report citing sources.
Can chimpanzees, apes and bonobos remember friends they have not seen for decades? A Johns Hopkins University surprising study in 2023 found that chimpanzees and bonobos can recognize former groupmates after more than 25 years apart, revealing remarkable social memories that may be surprisingly similar to those of humans. The team worked with chimpanzees and bonobos at Edinburgh Zoo in Scotland, Planckendael Zoo in Belgium, and Kumamoto Sanctuary in Japan.
Every country backing Iran should brace for US sanctions, warns Bessent
United States Treasury Secretary Scott Bessent announced a new sanctions campaign targeting Iran. He warned all countries have a defined timeline to cease identified activities. President Donald Trump is contacting world leaders with specific requests to end interactions. Economic engagement of any kind with Iran will expose parties to American power. The United States will enforce a zero leakage approach to Iran sanctions.
Kit Harington will portray Gilderoy Lockhart in HBO's Harry Potter series. He replaces Nicholas Hoult due to scheduling conflicts with other projects. Harington previously voiced Lockhart for Audible's Harry Potter audiobooks. His character is a flamboyant Hogwarts professor known for his vanity. Harington's role offers a stark contrast to his Jon Snow portrayal.
German Proverb of the Day: The laugh is always on the loser describes how people facing misfortune may also become targets of mockery. The proverb highlights the uncomfortable reality that mistakes, losses and embarrassing situations can attract ridicule from others. Through its ironic wording, it reflects on human behaviour while also inviting consideration of how people respond when someone else experiences a setback.
Emerging from the ashes of the Korean War, South Korea became a beacon of transformation, where enhanced educational access laid the groundwork for robust economic development. This shift not only propelled industries forward but also significantly improved living conditions, contributing to a remarkable surge in life expectancy. Today, young adults enjoy high levels of higher education, demonstrating the fruit of continuous investments in human capital across generations.
In 2024, Phoenix City Council planned to plant over 27,000 new trees and build 550 new shade structures under a $60 million plan to combat extreme temperatures. The Shade Phoenix Plan focuses on trees, built shade, bus stops, parks and streets. More than half of the investment is planned for low- and moderate-income communities. The plan also covers tree maintenance, public education and urban forestry jobs.
Coal India sets up subsidiary in Singapore for global critical mineral assets
Coal India has incorporated a Singapore-based subsidiary, CIL Global Pte. Ltd, to spearhead its international acquisition of critical minerals like lithium and cobalt.
Quote of the Day by Sofa Vergara: Sofa Vergaras quote, I love heels, Im telling you. When I walk in flats, I get knee pain, explores the importance of personal style, comfort, and individual preferences in fashion. The quote suggests that comfort is not the same for everyone and that people can feel more confident and comfortable wearing the styles they personally enjoy. Vergaras humorous observation also highlights how fashion choices can be influenced by personal experience rather than simply following common expectations.
Jed York, the owner of the San Francisco 49ers, has entered a no contest plea to two misdemeanor charges, resulting in a one-day jail sentence for each charge, running concurrently. Additionally, he was fined $1,150 and mandated to complete an online educational course. York's arrest stemmed from allegations related to an online advertisement soliciting sexual activities. His connections trace back to the Youngstown, Ohio area, where the arrest occurred.
LIVE | Economic D-Day!: US declares financial war against Iran; Scott Bessent announces sanctions
In 1999, American teacher Ronald Sakolsky gave $5,000 to Chinese environmentalist Yin Yuzhen after seeing her fight against desertification in Inner Mongolia. Sakolsky eventually travelled to Inner Mongolia and met Yin in person in 2000. Decades later, their reunion ended in tears as the trees she planted grew into a forest of more than 50,000 trees.
Sugar prices fall in the domestic market; concerns remain on price volatility
Sebi drops proceedings against Max Financial, Axis Bank in Max Life deal case
Sebi dropped proceedings against Max Financial and Axis entities. Allegations of disclosure lapses and fraud were not established by the regulator. The case involved transactions between Max Financial, Max Life, and Axis Bank. Sebi found no evidence of a fraudulent scheme to defraud shareholders. Proceedings were based on investigations from FY10 to FY22.
Beyond the chatbots: The AI race in banking will be won in the back office
Indias next financial advantage will depend on whether its institutions can move beyond generic tools and embed intelligence into their core decisions.
Infosys gives 70% variable pay for Q1 amid challenging demand environment
The average variable payout remained unchanged from the fourth quarter but was lower than the 80 per cent paid for the same period last year amid macroeconomic volatility
Sunsure Energys renewables portfolio in UP surpasses 500 MWp-mark
Sunsure Energy also has an operational portfolio of 305 MWp in Maharashtra and around 75 MWp in Tamil Nadu. It envisages an operational capacity of 10,000 MW by 2030
Amazon, Flipkart tighten seller cancellation penalties ahead of festive season
Amazon has revised cancellation fees for sellers using its Easy Ship and Self-Ship services, linking the charge to the value of the order
SoftBank pares nearly 2.6% stake in Lenskart for Rs 2,888 crore
SoftBank Group has sold a 2.6% stake in Lenskart for Rs 2,888 crore. This transaction reduced SoftBank's holding to 7.28% from 9.86%. Abu Dhabi Investment Authority's Platinum Jasmine Trust remains Lenskart's largest public shareholder. Many institutional investors, both domestic and foreign, participated in the block deal. Lenskart Solutions shares closed slightly lower on the BSE after the transaction.
Market Trading Guide: Siemens among 2 stock recommendations for Tuesday
Indian equities remained weak amid soft Asian markets, with large caps and PSU banks under pressure as bond yields rose. Metals outperformed. Analysts recommended Siemens and Engineers India, citing strong breakouts, positive momentum and potential upside despite geopolitical risks.
Airtel Payments Bank Q1 net profit jumps 82% to 19 cr, revenue at 831 cr
Airtel Payments Bank on Monday reported an 82 per cent rise in net profit to Rs 19 crore for the first quarter ended in June, driven by good operating performance. The bank had earned a profit of Rs 10.4 crore in the April-June quarter of the previous financial year. The bank's revenue increased to Rs 831 crore from Rs 777 crore in the corresponding quarter last financial year, Airtel Payments Bank said in a statement. During the quarter, Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose by 21 per cent to Rs 108 crore from Rs 82 crore in the same period a year ago. At the same time, customer balances grew by 17 per cent to Rs 4,389 crore from Rs 3,743 crore in the first quarter of last fiscal.
Y Combinator-linked entities sold 4.85 crore Meesho shares worth Rs 970 crore through block deals at Rs 200.01 apiece. Institutional buyers including Nippon India Mutual Fund, HDFC Life, Morgan Stanley, Goldman Sachs and Citigroup acquired significant stakes.
DP World stays firm on $5 billion India investment despite West Asia crisis
The ports and logistics major expects its planned investments to materialise over five years and is evaluating avenues for deploying the committed capital in India
TCS to acquire Porsches arm for 320 million, seals five-year 1.25 billion AI partnership
The acquisition will strengthen TCS presence in Germany, Romania, the UK, the US, India, and Mexico and among European automotive and industrial customers
Delhi HC orders 53 cr refund to Vodafone Idea, rejects Form 26B hurdle
The court held that a refund arising from an assessment or appellate order cannot be withheld merely because the taxpayer has not furnished Form 26B
Delhi HC reserves order on jurisdiction issue in HUL-Beco advertising row
HUL argued that Beco's online sales to Delhi consumers establish a commercial link with the city, while Kwick Living questioned the court's territorial jurisdiction
SoftBank Group pares nearly 2.6% stake in Lenskart for 2,888 crore
Technology investor SoftBank Group has once again trimmed its holding in Lenskart Solutions, selling nearly a 2.6 per cent stake in the eyewear retailer for Rs 2,888 crore through open market transactions on Monday. In June, SoftBank sold a 3.25 per cent stake in Lenskart for Rs 2,873 crore. In the latest transaction, Japan-based SoftBank Group, through its affiliate SVF II Lightbulb (Cayman) Ltd, offloaded a total of 4.5 crore equity shares in 22 tranches, amounting to a 2.58 per cent stake in Gurugram-based Lenskart, as per the block deal data on the BSE. The shares were sold at an average price of Rs 641.75 apiece, taking the combined deal size to Rs 2,887.87 crore. The latest transaction brought SoftBank's holding in Lenskart down to 7.28 per cent from 9.86 per cent, although it remains the second-largest public shareholder in the eyewear firm. Platinum Jasmine A 2018 Trust, an arm of Abu Dhabi Investment Authority, continues to be the largest public shareholder of Lenskart wi
Coromandels Dhaksha Unmanned Systems inaugurates new drone manufacturing facility in TN
The facility will develop and execute larger and complex programmes across the companys key UAV verticals
TCS bags $1.45 billion Porsche deal, acquires carmakers IT arm for $373 million
The transaction marks TCS's second European mega-deal in eight months, providing a key revenue boost amid broader market and automation concerns.
Centre to sell up to 6% stake in Hindustan Copper
In the concluded financial year FY 2025-26, the company has earned a Profit Before Tax (PBT) of 1232.73 Crore against a Net Sales turnover of 3054.4 Crore
US ambassador Sergio Gor visits Tata Lockheed Martin Aerostructures in Hyderabad
The ambassadors visit, as referenced by the company, coincides with TLMALs participation in a MoD contract to supply 60 Medium Transport Aircraft to IAF
Who is Cheng Chang Fan? Taiwanese actor sparks buzz after video with Indian woman
Taiwanese actor and model Cheng Chang Fan has sparked fresh dating speculation after a video showed him hugging and twirling with an Indian woman. The buzz follows an earlier viral video of Cheng Chang interacting warmly with an Indian hotel employee who welcomed him with an aarti and tilak. His later posts about Indian women have added to speculation, though neither has confirmed a relationship.
Texas solar farms are turning to sheep as a surprising solution to a growing maintenance problem. Across roughly 68,000 acres, sheep now graze beneath rows of solar panels, keeping grass under control without damaging expensive equipment. Goats can climb and chew wires. Cattle are often too tall for the rows. Sheep fit the space, eat the vegetation, and give Texas ranchers a new source of income from the solar boom.
Fino Payments Bank board extends tenure of interim CEO by another three months
Fino Payments Bank's board approved an interim CEO tenure extension. Ketan Merchant's role as interim MD and CEO will continue. This extension requires approval from the Reserve Bank of India. Merchant took charge after Rishi Gupta's arrest in February. Gupta faced allegations related to GST law violations.
IndiGo co-founder Rakesh Gangwal donates additional 300 crore for medical school at IIT Kanpur
The project envisages a 500-bed super-speciality hospital on the IIT Kanpur campus, along with a proposed 200-bed cancer care and research centre
Canadians are keeping an eye on their bank accounts as a couple of government benefit payments are scheduled to be deposited next week. Canada Pension Plan (CPP) and Old Age Security (OAS) payments are scheduled for August 27, 2026, Thursday in Canada. Heres how much eligible Canadians can receive, plus the key eligibility rules, income limits and maximum monthly benefit amounts.
ABD enters Malaysia with local whisky production in asset-light push
Under the arrangement, ABD will work with an established local partner while retaining control over raw materials, packaging, quality standards, and brand stewardship
Healthify merges with New-York-based Berry Street in all-stock deal, becomes US company
Investors in Healthify will continue in the merged entity, according to Healthify founder Tushar Vashisht.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%. The sale offers a discount to market price amid strong quarterly earnings and expansion plans.
Ironhill onboards Anirudh Ravichander as investor through Albuquerque Records
The investment in Ironhill marks Anirudhs second foray into the global hospitality and F&B sector after Loca Loka Tequila
Russian travel influencer Marina Kharbani (@terk_love) has called Guwahati's new integrated airport terminal one of the top three most epic airports she has visited, praising its bamboo and orchid-inspired design. The terminal was recently named among the World's Most Beautiful Airports 2026. Guwahati Airport's official Instagram thanked her for the appreciation, as other users also praised the terminal's architecture.
Ukraine wants peace, not surrender: Zelenskiy draws red line with Russia
Ukraine's President Zelenskiy marked Independence Day with a defiant speech, emphasizing peace without surrender. Foreign leaders visited Kyiv, pledging continued support and military technology for Ukraine's defense. Britain will provide classified technology for long-range cruise missile production within Ukraine. Allied nations will hold military talks to discuss Ukraine's air defense needs. Ukraine seeks all necessary aid to stop the ongoing conflict and bring soldiers home.
Trump threatens 50% tariffs on Canadian cars, trucks and steel from January 2027
United States President Donald Trump announced future tariff increases on Canadian goods. Tariffs on Canadian cars, trucks, and auto parts will rise to 50 percent. Steel imports from Canada will also face the same fifty percent tariff rate. These new tariffs are scheduled to take effect on January 1, 2027. Products manufactured within the United States will continue to face zero tariffs.
TCS to buyout Porsches MHP for 320 million EV in major automotive AI partnership
The acquisition is part of a broader 1.25 billion, five-year strategic partnership between TCS and Porsche.
TCS to buyout Porsches MHP for 320 million EV in major automotive AI partnership
The acquisition is part of a broader 1.25 billion, five-year strategic partnership between TCS and Porsche.
The matter relates to a Noida-based company, Naftogaz India, defaulting in depositing TDS amounting to over 17.68 crore for FY10 within the timeline prescribed under the IT Act
Institute of Political Leadership Announces Launch of 'Politicians Club' in New Delhi
New Delhi [India], August 24: The Institute of Political Leadership (IPL) has announced the launch of 'Politicians Club', an exclusive platform envisioned for political leaders, policymakers and aspiring politicians, with a focus on political training, leadership development, meaningful dialogue and high-level networking.
ALLEN charts expansion, eyes acquisitions and 3,800cr IPO to fund next phase
The company is evaluating expansion into additional markets through a combination of organic growth and selective acquisitions
Ramco Cements no longer to pay tax on mineral-bearing land
The company had been paying 160 per tonne of limestone to the Tamil Nadu government, it said
Lenskart Solutions among 4 stocks to hit 52-week highs & surge up to 20% in a month
The Sensex fell 172 points on Monday, but four BSE 200 stocks bucked the broader market weakness to hit fresh 52-week highs. Lenskart Solutions, Siemens, AU Small Finance Bank and United Spirits showed strong investor interest and recent gains.
MakeMyTrip, Axis Bank tie up to offer travel discounts across long weekends till March 2027
Holiday packages will attract an additional 5% instant discount over and above MakeMyTrips existing offers, capped at 20,000
INR settles marginally lower as local equities turn weak
The Indian rupee pared initial gains and settled for the day lower by 3 paise at 95.74 (provisional) against the US dollar on Monday, on a positive American currency and weak domestic markets. The USD/INR pair traded in a narrow range as rising Brent crude prices, persistent importer demand, and cautious sentiment over new US sanctions targeting Iran weighed on investor sentiment. Local shares ended slightly lower on Monday ahead of the announcement of fresh U.S. sanctions aimed at Iran. U.S. Treasury Secretary Scott Bessent will hold a press conference later today, where he is likely to announce tougher sanctions to economically isolate Iran. The BSE Sensex closed 171.72 points lower at 77,369.11, and the NSE Nifty ended 32.95 points down at 24,219.05. At the interbank foreign exchange, the rupee opened at 95.65, then touched an intraday high of 95.64 and a low of 95.75 and finally settled for the day at 95.74 (provisional) against the greenback, lower by 3 paise from its previous ..
Pace Digitek arm secures BESS project of Rs 93 cr
The order adds to Pace Digitek's growing BESS business and strengthens near-term visibility for its manufacturing operations. The project will be supplied from the Company's BESS manufacturing platform, which has recently been expanded to 5 GWh of installed capacity.
TCS inks 5-year strategic deal with Porsche AG
To set up a dedicated AI Mobility Centre of Excellence for Porsche
Tempsens Instruments (India) IPO subscribed 184.07 times
The offer received bids for 279.44 crore shares as against 1.51 crore shares on offer.
Bengaluru (Karnataka) [India], August 24: LightFury Games, the AAA-focused game-tech studio behind eCricket, unveiled its second official teaser for the game that reached 1M+ viewership over the weekend, signalling growing excitement around its flagship cricket title. Built as a deeply social and competitive cricket experience, eCricket aims to capture the strategy, intensity and emotion of the sport while building a deeply social and competitive cricket experience from India for a global audience.
CSM Technologies to adopt MOSIP framework to strengthen its DPI capabilities
CSM Technologies has entered into an engagement to adopt the Modular Open Source Identity Platform (MOSIP) framework for designing and implementing foundational digital identity solutions. The engagement marks a strategic expansion of CSM Technologies' Digital Public Infrastructure (DPI) capabilities, adding foundational digital identity to its growing portfolio of Government Technology (GovTech) solutions.
Tolins Group to establish reclaim rubber manufacturing unit in Kerala
Tolins Tyres announced that its 100% wholly owned subsidiary, Terra Rubber has commenced construction of a new Reclaim Rubber manufacturing facility in Palakkad, Kerala.
Augmont Enterprises IPO subscribed 14.46 times
The offer received bids for 11.15 crore shares as against 77.15 lakh shares on offer.
Skyways Air Services IPO subscribed 1.16 times
The offer received bids for 3.42 crore shares as against 2.95 crore shares on offer.
Hy-Tech Engineers IPO subscribed 7.74 times
The offer received bids for 14.04 crore shares as against 1.84 crore shares on offer.
Lanterns Episode 2 ending reveals John Stewarts mysterious power; what does Sinestro know about him?
In the second episode of HBO's Lanterns, viewers are introduced to the ominous Manhunters from the Corps' past. John Stewart surprises everyone by crafting a living bird using his low-charged ring, piquing Hal Jordan's interest. Antaan, hunting for a Manhunter, soon enters the scene. Meanwhile, Sinestro shows keen curiosity about John's extraordinary talents, wrapping up the episode with two intriguing mysteries surrounding the Manhunter and Sinestro's insights.
Quote of the day by Agatha Christie: Agatha Christie's novel Murder on the Orient Express offers a timeless lesson. Detective Hercule Poirot teaches us to question our initial assumptions and consider that seemingly impossible situations may have logical explanations upon closer inspection. The quote encourages us to keep an open mind when facing complex challenges and reminds us that carefully examining all available evidence is crucial to understanding difficult circumstances.
Rustomjee Launches Ozone Skye, ~Rs. 400 CR Premium Residential Development in Goregaon West
Mumbai (Maharashtra) [India], August 24: Rustomjee, one of Mumbai's leading real estate developers, announced the launch of Ozone Skye in Goregaon West, with a GDV of approximately ~Rs. 400 Cr. Strategically located on SV Road, Ozone Skye is a 50-storey premium residential tower comprising 158 residences across 1, 2 and 3 BHK configurations. Designed to offer refined living experience, the development features expansive views of the city skyline and Aarey greens, an elevated sky living experience with a rooftop lifestyle deck, and seamless access to key social and transport infrastructure. Located in one of Mumbai's most connected neighbourhoods, Ozone Skye offers seamless access to premium business districts, high-end retail and established social infrastructure.
Nifty August futures trade at discount
India VIX rallied 4.01% to 11.65.
Nifty settles below 24,250; PSU Bank stocks decline
In the barometer index, the S&P BSE Sensex declined 171.72 points or 0.22% to 77,369.11. The Nifty 50 index fell 32.95 points or 0.14% to 24,219.05. Over the last two trading sessions, the Sensex gained 0.82%, while the Nifty advanced 0.72%.
Mint Explainer | Can India build a homegrown smartphone brand?
Though India is one of the worlds top destinations for smartphone assembly after China, and alongside Vietnam, Thailand and Malaysia, the countrys own brands could never make it over the past decade. Is a major homegrown phone feasible in the country?
IBC @ Crossroads: A Decade of Evolution, The Road Ahead
Kolkata (West Bengal) [India], August 24: A conclave on the Insolvency and Bankruptcy Code, 2016, themed IBC @ Crossroads: A Decade of Evolution, The Road Ahead, was successfully organised on 8 August 2026 at The Park, Kolkata, under the Views Exchange series GYAN GANGA. The Conclave brought together leading stakeholders from across the insolvency ecosystem to reflect on the decade-long journey of the Code and deliberate upon emerging challenges, evolving practices and the road ahead.
Japan stocks fall as tech shares come under pressure
Investor sentiment was also weak as global bond yields remained high. Concerns over inflation and rising government debt continued even after the US Treasury announced a surprise bond buyback last week.
China stocks fall as tech shares come under pressure
Tech stocks faced fresh pressure amid concerns over fundraising plans by Alibaba and Yangtze Memory Technologies. Major decliners included SMIC, Cambricon Technologies, Hygon Information Technology, Zhongji Innolight and Eoptolink Technology.
Dhabriya Polywood gains after bagging Rs 5-cr order from Godrej Properties
Dhabriya Polywood announced that it has received a work order/Letter of Intent (LoI) worth Rs 4.78 crore from Godrej Properties for external facade works for its project in Delhi NCR.
Gold, Bitcoin or Stocks: Whos winning the 2026 race for returns?
Gold, Indian equities and bitcoin have delivered sharply different returns in 2026. Bitcoin has led the recent rally, gaining 27% over both the past week and month, but remains down 8% year-to-date. Gold has emerged as a stronger performer, while Indian equities have lagged across the period.
Shanthi Gears shares surge 37% in two trading sessions. Here's why
Shanthi Gears shares surged 37.5% in two sessions after Tube Investments raised its stake by 2.69% through a block deal, taking its holding in the subsidiary to 73.16%.
US-based Plaud bets India can outpace its global AI wearables growth
Plaud's expansion into India comes at a time when India's wearables market is estimated to hit $3.6 billion this year.
Suzlon targets 5 GW renewable capacity in Andhra Pradesh by 2030
The company plans to develop 1,325 MW of new wind projects in Rayadurg, Anantapur, in partnership with Tata Power and Waaree Energy, with an estimated investment of 10,000 crore
MP Steel files IPO papers; plans Rs 95 crore fresh issue, 23.07 lakh-share OFS
MP Steel Limited has submitted its Draft Red Herring Prospectus (DRHP) to SEBI as it prepares for its initial public offering. The company aims to generate capital via a fresh issuance of shares and an offer for sale. The funds raised will go towards establishing a new billet manufacturing facility, thereby boosting its backward integration.
Third Wave Coffee raises 408 crore in funding round led by WestBridge Capital
This comes at a time when the chain is looking to add 100 new cafs every year.
FIIs trim holdings in 11 midcap stocks over two quarters; shares fall up to 50% in 2026
FIIs reduced their holdings in around 51 BSE midcap companies during the March and June 2026 quarters. More than half of these stocks delivered negative returns in CY26, and several witnessed sharp declines of up to 50%.
Indias new capex cycle is being driven by cash-rich giants, HSBC India CEO Hitendra Dave says
India's corporate investment cycle now features financially stronger companies expanding capacity. These well-capitalized groups are using internal cash flows for growth and consolidation. This differs from the earlier debt-heavy boom which relied on bank financing. HSBC India's balance sheet is expanding significantly, crossing five lakh crore rupees. Global capital flows require fresh triggers like reforms or FDI announcements.
