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Trump doubles down on sanctions, military pressure as Iran refuses to yield
The Trump administration employs economic pressure and military threats against Iran. Iran's government has refused to yield to these intense measures. New sanctions face challenges with major trading partners like China. The Strait of Hormuz remains a key point of contention and risk. Both nations face domestic pressures influencing their current stance.
South Korea prepares Hormuz military deployment, media reports say
South Korea is considering deploying military assets to support freedom of navigation in the Strait of Hormuz before the end of 2026, according to local media. Options reportedly include a maritime patrol aircraft, logistics vessel or mine-clearing unit, while Seoul says discussions are ongoing and no deployment decision has been finalised.
Why the humble 4G smartphone has refused to die
Higher memory chip costs have made even entry-level 5G smartphones more expensive, paving the way for 4G smartphones to return to the market.
Costly devices, spectrum hurdles may hamper Indias emergency response plan
The home ministry and the department of telecommunications have asked device and equipment manufacturers and technology providers to keep handset prices realistic.
ISRO successfully launches GSLV-F17/EOS-05 mission from Satish Dhawan Space Centre
Volkswagen board approves 50,000 additional job cuts and major restructuring
The restructuring gives CEO Oliver Blume stronger backing as Volkswagen confronts high costs, weak demand and intensifying competition from Chinese automakers
GSLV-F17 mission LIVE | Indias Eye in the Sky! ISRO launches satellite to watch borders 24/7
Wine Fraudster Gets 6 Years in Prison for $97 Million Loan Scam
The founder of a London wine-distribution business was sentenced in the US to six years in prison for orchestrating a scam that cost investors almost $100 million and was based on bottles of rare vintages that didnt exist.
The financial penalty is only one part of the agreement. The more significant impact could come from a sweeping package of new limits, parental controls, age checks and changes to engagement features.
Banks offer semi-fixed loans to deploy surplus liquidity
Banks are deploying surplus liquidity through new mortgage products. HSBC and Kotak Mahindra Bank lead with semi-fixed home loan options. These products offer fixed rates for a period before switching. This strategy aims to protect lending margins amid interest rate uncertainty. Surplus funds are also being considered for government securities.
LCR reset creates 2.1 Lakh-crore lending headroom for PSU Banks
Public sector banks gained significant lending headroom after liquidity requirement relaxation. This allows them to sustain credit growth while deposit mobilisation remains relatively weak. Excess investment buffers could support incremental loan growth on their substantial loan books. Banks can now free up funds tied up in government bonds for lending. This improvement is visible at some of the largest state-owned lenders.
Ultrahuman raises $70 mn to build new human-computer interface for health
New financing from Qualcomm Ventures, Labcorp, Alpha Wave, Blume and others will accelerate Ultrahuman's health intelligence platform and its global expansion
Business Nextgen Finance Raises Rs 215 Crore in Equity to Accelerate MSME Lending
Mumbai (Maharashtra) [India], September 3: Business Nextgen Finance Private Limited (BNF), a new-age Non-Banking Financial Company focused on providing secured credit to Micro, Small and Medium Enterprises (MSMEs), has successfully raised 215 crore in equity capital from a marquee group of institutional and strategic investors.
The Woman Behind Verre: How Divya Kamat Built a Destination Above the City
New Delhi [India], September 3: What began in 2024 as an idea for a hotel rooftop gradually became Verre, a distinctive hospitality destination shaped through nearly two years of strategy, collaboration, creativity and countless decisions. In 2024, an empty rooftop at Vivanta Goa Miramar presented Divya Kamat with a question.
Apple faces 2 bn lawsuit in UK over app privacy feature
The claim, filed with the Competition Appeal Tribunal by law firm Hausfeld, centres on Apple's App Tracking Transparency system, which has also come under scrutiny in several European countries
India RBI faces about $11 billion bill on foreign deposits plan
India tapped its vast diaspora for a record $127 billion through a special deposit program, a fundraising bonanza that economists say could come with a hefty $10.6 billion bill for the countrys central bank.
Aditya Birla Group forays into wires and cables business
With an investment of 1,800 crore, Ultravolt will be the second largest player in the wires segment by capacity, the company said.
Airbus to deliver over 2 aircraft a week to India for next 10 years amid 1,200-plane backlog
Airbus expects to deliver over two aircraft a week to India over the next decade, backed by a 1,200-plane backlog. It is also expanding MRO capabilities, including a radome repair facility in Nagpur.
I am so sorry: Lutnick apologizes for no Americans died in Iran war remark, Trump defends him
The popular idea of trees sending messages to one another through a forest is fascinating, but scientists caution against oversimplifying the process. VOC signalling can vary widely depending on the plant species, environmental conditions, chemical concentration, wind patterns and the specific properties of the compounds involved.
War-related supply chain shocks new normal for Indian pharma: Pharmexcil chief
Despite severe supply chain disruptions from conflicts in West Asia, Indias pharmaceutical exports grew 6.8% in Q1 FY27, backed by strong international trust, according to Pharmexcil.
The quote of the day by Jenna DewanTheres a reason women are pregnant for nine months; by the end, youre ready to have this baby explores theStep Upstars thoughtful perspective on pregnancy, motherhood and the way time prepares us for lifes biggest changes. Her words offer a powerful reminder about patience, personal growth and embracing new beginnings.
Aditya Birla repeats Opus playbook with UltraVolt, eyes wires market leadership
Housed under the groups cement unit UltraTech, the new business, named UltraVolt, aims to become one of Indias top two wires and cables players within five years, according to group chair Kumar Mangalam Birla.
Cohance Lifesciences to invest $18 million in NJ Bio, Aruka Bio
The investments will bring research, manufacturing and next-generation ADC capabilities together as Cohance expands its end-to-end CRDMO offering
Shivraj Singh Chouhan seeks faster credit for women, meets banks
Union Minister Shivraj Singh Chouhan urged banks to expedite loan approvals for rural women entrepreneurs. He directed officials to enhance training and establish a helpline for Self-Help Group members. The government aims to provide ten lakh crore rupees in loans over five years. This initiative seeks to empower women and foster economic development across India. Discussions will inform the Financial Inclusion 2.0 agenda for better credit access.
Mumbai (Maharashtra) [India], September 3: Red Hat, the world's leading provider of open source solutions, today announced the winners of the Red Hat APAC Innovation Awards 2026 for India. This year, Red Hat recognises Adani Airport Holdings Limited, Bharti Airtel Ltd, Department of Information Technology & Communication (DoIT & C), Government of Rajasthan, and Indian Railway Catering and Tourism Corporation (IRCTC), Ministry Of Railways for their leadership through open source, demonstrating how open source technologies help organisations navigate complexity, modernise operations, and deliver sustainable growth.
Slice raising $100 million in first funding after becoming a bank
An extraordinary general meeting notice issued by Slice Small Finance Bank Ltd and reviewed by Mint shows that the lender is seeking shareholder approval to raise 485 crore through compulsorily convertible debentures and partly paid equity shares.
Sony, Microsoft seek to dismiss lawsuits accusing them of withholding PS5, Xbox tariff refunds
The lawsuits were filed following 2025 price increases for PlayStation 5 and Xbox consoles. Consumers allege the increases were linked to tariffs imposed by the US government and argue that they should receive refunds after the US Supreme Court ruled that the tariffs were illegal.
HDFC Bank garners nearly $12 billion through FCNR-B deposits under RBI swap window: Report
The deposits were raised at an interest rate of 6.25%, and they could provide a significant boost to the private lenders foreign-currency resources.
Avalon Technologies and Zollner Elektronik AG ink JV for a new EMS facility near Chennai
Under the terms of the JV, Zollner will initially hold 51%, with an option for Avalon to own the controlling stake three years after the commencement of production at the upcoming facility in TN
SIAM appoints Shenu Agarwal, MD & CEO, Ashok Leyland, as its President for 2026-27
ACMA appoints Sriram Viji, MD, Brakes India, as its President for 2026-27
Kumar Mangalam Birla's UltraTech enters wires, cables business with 1,800 crore Ultravolt bet
Ultravolt, which is preparing for a nationwide rollout across more than 100,000 retailers, aims to become Indias second-largest player in the wires segment within five years.
Expect right balance on regulations for affordability to continue: Maruti Suzuki MD
Destination is clear, question is only about bringing more clarity and bringing more alignment, says SIAM President Shenu Agarwal
Aditya Birla Group launches wires, cables business with 1,800 crore bet
Backed by an investment of Rs 1,800 crore, Ultravolt will start at a pan-India scale and aims to reach over 100,000 retailers and 5,000 UltraTech outlets
Carrefour re-enters India with Indian partner Apparel Group
Plans to open 50 stores in the next three years
Ahead of Market: 10 things that will decide stock market action on Friday
The Indian stock market closed lower Thursday, with Sensex down 417 points and Nifty falling 41 points, pressured by high oil prices, bond yields, and geopolitical tensions. Despite strong domestic growth, near-term market direction hinges on global risks and crude oil volatility.
Sebi to review derivatives settlement price methodology after CAS volatility
Sebi will review derivative settlement prices after market feedback. The Closing Auction Session's impact on expiry-day settlement is a concern. Traders reported sudden option price swings during the auction window. This review follows the equity cash segment's Closing Auction Session introduction. A consultation paper on proposed changes will be issued soon.
Gaurav Mathur, Vinay Pabbajoin InoxGroup
When Inox Neo EnergiesacquiredVena for 6,000 crore, it got VenasCountry Head, Monika Rathi into its fold, and made her its CEO
XTGlobal secures cloud engineering and services contract from U.S. State Govt.
XTGlobal Infotech announced its selection as a qualified technology partner under a multi-year Cloud Engineering and Technical Services program for a U.S. State Government technology authority. The agreement carries an initial two-year term with three additional one-year renewal options, creating a potential five-year contracting framework.
HCA Healthcare layoffs: Hospital cuts corporate and support jobs amid rising costs
The company did not disclose the exact number of jobs affected. HCA said the cuts come as hospitals across the US face changes in healthcare policy, rising costs and an increase in uninsured patients.
Prepare for stricter norms on ICE vehicles: Government to auto industry
Need to push electric in a big way, Tarun Kapoor, Advisor to the PM, says at the SIAM convention in New Delhi
Kalyani Strategic Systems signs strategic alliance agreement with Thales for 70-mm rocket systems
During the Belgian state visit to India, Thales and Kalyani Strategic Systems (KSSL), the wholly-owned defence subsidiary of Bharat Forge, signed a Strategic Alliance Agreement to explore collaboration on both the unguided and laser-guided variants of Thales' 70-mm rocket systems, which are already in use by the Indian Armed Forces.
Thales, Bharat Forge subsidiary sign pact to explore 70-mm rocket systems
The collaboration aims to create indigenous capabilities for domestic requirements and international opportunities while strengthening India-Belgium defence cooperation
UBL targets mid-teens growth as premiumisation, beer reforms aid outlook
United Breweries sees significant headroom in India's underpenetrated beer market, with premiumisation, state-level reforms and productivity measures driving growth
UltraTech Cement launches Ultravolt with 1,800 crore investment, targets No. 2 spot
The new business will initially roll out across more than 500 districts and 6,000 pin codes, supported by over 20 warehouses.
CEA suggests separate group of TPPs to reduce equipment stress during flexible operations
Constant ramp up and ramp down creates wear and tear in plant equipment like boilers and turbines
Solex sees strong momentum for solar modules
With executable order pipeline of Rs 846 cr till Dec'26
Indian Film Industry Became One of the Key Focus Areas of the Third Moscow International Film Week
New Delhi [India], September 3: The Third Moscow International Film Week has concluded in Moscow. The event took place from August 24 to 30 and featured premieres of Russian and international films, meetings with actors and filmmakers, business sessions, open-air screenings, tours of the Moscow film cluster's venues and children's events.
Hyundai expects EVs to account for 7-8% of sales next financial year
Automaker plans dedicated sub-four-metre electric model; targets 50 per cent combined share for EVs, hybrids and CNG vehicles by 2030
UltraTech Cement enters wires and cables business with 1,800 crore investment
The new venture marks the Aditya Birla Groups fourth entry into a new business over the past three years.
Companies not cutting jobs due to AI, nature of work changing: Microsoft
Microsoft India and South Asia President Puneet Chandok says the transition to AI requires new skills, ways of working and organisational structures across companies
Rajasthan Rera imposes penalty on Ashiana Housing
For delay in completion of 'Ashiana Dwarka' Phase-5 located at Jodhpur
NCLT steps in after 150 crore Byjus assets auctioned for 16 crore, orders status quo
The NCLT in Bengaluru has ordered a status quo on assets auctioned by Byju's parent company, TLPL, after disputes arose over ownership.
Kenyan Prez ousts Tata Chemicals from 100-yr-old soda-ash mineral operation
The president said he asked a unit of the Mumbai-based company o pack and go because it has been exporting soda ash rather than using it at local facilities to make glass and chemicals.
Nvidia buys AI platform Hugging Face from OpenAI in a $13 billion deal
Buying Hugging Face is the biggest move yet in Nvidia Chief Executive Officer Jensen Huang's push to broaden the uptake of AI and extend his customer list.
HCLTech, Transport for NSW partner to explore AI-driven traffic insights in India
HCLTech will explore the integration of Sarvams multilingual foundation models with SCATS. The initiative is aimed at enabling traffic operators, planners and engineers to query and analyse SCATS data in local Indian languages.
Constl secures $90 mn project financing led by NaBFID for fibre expansion
The company said the financing will support the rollout of greenfield fibre networks across emerging AI corridors in India and investments in next-generation network technologies
Wipro Kawasaki to set up new manufacturing plant at Harohalli near Bengaluru
Set to invest 1,000 crore and begin operations within a year, said Karnataka Industries Minister MB Patil
FCNRB deposits: Why bank investors should watch RoE, not just NIM
FCNR(B) deposits could boost banks return on equity despite a mild impact on net interest margins, according to Anand Rathi. Exemptions from reserve requirements, capital-efficient lending and longer tenors could improve returns. The brokerage analysed four scenarios, including deposit costs, leverage and rising rates, to assess the schemes benefits.
Several states including Punjab, Karnataka, Maharashtra, Madhya Pradesh, Himachal Pradesh, Gujarat and Chhattisgarh have already banned analogue paneer
New Delhi [India], September 3: Headquartered in Indiranagar, Bengaluru-based Mathapathi Constructions Private Limited is strategically expanding its footprint in the city's premium residential market. Incorporated in 2020, the company leverages decades of construction expertise to deliver high-quality residential projects.
Ceigall India receives LoI for transmission project worth Rs 5,300 cr
From REC Power Development and Consultancy
Melting Pot Food Products ropes in Chef Harpal Singh Sokhi as investor, brand ambassador
The partnership will see the celebrity chef contribute to product innovation, recipe development and restaurant-style Indo-Chinese cooking for households
Psychology says women who bruise without remembering why may have this surprising attention pattern
Psychology offers one possible explanation for why people may not remember this part of the experience. Attention is limited, and the brain does not constantly monitor every sensation or minor event occurring throughout the body.
Competition regulator issues cease-and-desist against Trustees Association of India
India's competition regulator issued a cease and desist order against four trustee firms. These entities were found to have engaged in cartelization and coordinated fee fixing. The Trustees' Association of India enforced a benchmark pricing structure for debenture trustees. This action restricted market supply and eliminated competitive choices for issuers. The regulator warned of aggravated consequences for any future recurrence of such conduct.
Apple iPhone 18 Pro expected to get a huge graphics boost, said to be 18% faster than current model
Recent leaks have unveiled that Apple's anticipated A20 Pro chip could sport a larger GPU compared to its predecessors. Additionally, it appears set to incorporate a faster memory interface, aimed at enhancing graphics performance. While retaining a six-core CPU configuration, the A20 Pro might feature an upgraded efficiency core cache, promising significant graphics improvements for the upcoming iPhone 18 Pro models and a potential foldable iPhone Ultra.
A small ceramic jug discovered in Russia's Kolomna has revealed more than 2,600 silver coins buried nearly 600 years ago. The remarkable hoard belonged to someone wealthy, but its owner never returned for the fortune. Archaeologists now have a chilling theory about what may have happened to the owner.
Manipur resettles 36,000 of 60,000 displaced people
Manipur's Chief Minister reported 36,000 internally displaced persons have been resettled. Twenty-four thousand displaced individuals still reside in various relief camps across the state. The government continues providing financial aid to nearly all displaced persons. Mental trauma support and livelihood initiatives are also being explored by the government. Restoring trust and economic activities remains a key focus for the administration.
Innovision secures Mangapatnam Fee Plaza toll collection contract of Rs 48.52 cr
Why do people leave TV on for their dogs when they go out? Study has a surprising answer
Psychological studies suggest that the bond between humans and dogs can mirror strong attachment relationships. Dogs can provide comfort and emotional stability during challenging times. To make separation easier for their pets, owners often develop familiar goodbye rituals. These routines can offer reassurance and predictability, creating a sense of familiarity and care even when owners are temporarily away.
Mercedes-Benz plans to launch many more models in India, CEO Ola Kallenius says
Kallenius compared India with Germany, saying both offer the capabilities needed for a global technology-oriented OEM to thrive
In 1921, 14-year-old Philo Farnsworth found inspiration for electronic television while plowing a potato field in Idaho. His simple idea of scanning images line by line eventually became a breakthrough that helped shape the future of television. By the time he died, he had earned over 300 US and foreign patents.
Decentro Wins Three Industry Honours for Fintech Infrastructure Innovation and Leadership in 2026
Bengaluru (Karnataka) [India], September 3: Decentro, the full-stack banking and fintech infrastructure platform used by 2,000+ enterprises, has closed out its strongest award season to date. The company has been named Fintech Company of the Year at the India Fintech Awards 2026, hosted by the Unified Fintech Forum (UFF), and has won the Embedded Finance Innovation Award at the 4th Edition Bharat NBFC & FinTech Summit & Awards 2026. At the same summit, Founder and CEO Rohit Taneja was named Emerging Leader of the Year (Under 40).
Indian banks pitch FX sell/buy swaps to drain surplus liquidity, sources say
Indian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of India. Banking system liquidity reached a record high following foreign currency deposits. The central bank has several tools to manage liquidity effectively. Lenders urged the RBI to avoid impacting bank margins with other measures.
The origin of DUSU: From a 1947 proposal to a campus political force
Delhi University Students Union began its journey just before India's independence. Early years saw financial and administrative challenges for the student body. A new constitution in 1973 established a detailed administrative structure. Subscription fees have seen several revisions over the decades.
In 1935, an extraordinary incident unfolded as approximately 175 rhesus monkeys broke free from Frank Buck's Jungle Camp, wreaking havoc along commuter train routes and leading to a major power outage. The local community rallied together, engaging in a weeks-long pursuit to retrieve the mischievous monkeys while offering financial incentives for their safe return.
Quote of the Day by Brad Pitt: Brad Pitts quote, Do you know how you tell real love? Its when someone elses interest trumps your own, explores the meaning of genuine love, selflessness, and putting another persons happiness and well-being before your own. The quote suggests that real love goes beyond personal desires and involves genuinely caring about someone elses needs, interests, and happiness. It highlights how love can be expressed through understanding, sacrifice, support, and the willingness to prioritize someone you deeply care about.
'You don't need 7 alarms to wake up': How to get up without snoozing single alarm
Keep hitting snooze even when you desperately want to wake up? The answer may be changing what happens around your alarm, not relying on willpower. From moving your phone across the room to using light and a more effective alarm sound, these five practical hacks can make waking up easier.
GREW Solar secures repeat order worth Rs 430 crore for solar modules
The company will supply G12R modules designed to deliver high energy generation, enhanced efficiency and consistent long-term performance.
Bengaluru: Govt to move 8,500 seized vehicles from police stations to vacant sites on city outskirts
The vehicles were seized by the Police Department in connection with various cases and could not be disposed of as the cases are pending before courts. Many have deteriorated over the years, occupying space inside police-station premises and spilling onto adjoining roads and footpaths.
Sensex, Nifty decline for fourth day as IT, auto stocks drag
The key equity benchmarks ended lower for the fourth consecutive session on Thursday, 3 September 2026, as gains in banking and realty stocks were offset by selling in IT, auto and other sectors.
Quick Wrap: Nifty Realty Index rises 2.58%
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NHAI launches monthly toll pass for 350: What is it, how to apply, who is eligible and more
National Highways Authority of India has recently launched a monthly pass for those commuting via National Highway. Priced at 350, the initiative aims at saving time and cost at toll plazas.
Swiggy enters travel segment with premium concierge offering CREW
The new offering follows a year of learnings from CREW, with travel emerging as the category showing strongest demand for convenience
The Shah Rukh Khans of the kitchen: Inside the world of chef-led micro-restaurants
Hidden doors, eight-seat counters, and months-long waitlistsIndias dining scene is going micro. Step inside the ultra-intimate, chef-led spaces where hyper-regional ingredients, high-margin economics, and immersive storytelling are trying to redefine the country's luxury culinary landscape.
Lexlegis.ai appoints Chaturvedi as Senior Vice President
Chaturvedi joins from LexisNexis, where he was Director Sales from April 2018
Indices tumble for 4th day; IT shares drop
IT, FMCG and auto shares declined while realty, media and private bank shares advanced.
Ceigall India rises after securing LoI for Rs 5,300-cr transmission project
Ceigall India rose 1.51% to Rs 345.70 after the company received a letter of intent (LoI) from REC Power Development and Consultancy (RECPDCL) for a power transmission project with an estimated total project cost of around Rs 5,300 crore.
RBI deputy governor Murmu urges NBFCs to diversify funding resources
A deeper, more liquid corporate bond market would help strengthen funding structures, while securitization should evolve beyond its role as a liquidity tool, Murmu said
