30 C 
Business families turn to 'fluidity' clauses to handle disputes
Indian business families are increasingly adding fluidity clauses to family settlement deeds, allowing succession, ownership and management arrangements to be revisited as circumstances change. Advisers say structured flexibility can accommodate generational, business and regulatory changes while reducing future disputes.
Noel Tata says '89 share transfer in line with the law
Tata Trusts chairman Noel Tata has told the Maharashtra Charity Commissioner that the 1989 transfer of 833 Tata Sons shares from the Navajbai Ratan Tata Trust complied with prevailing laws. The regulator will examine his response before deciding on an inquiry.
Kennedy Center Must Pay Musician $250,000 in Trump Name Spat
The John F. Kennedy Center for the Performing Arts in Washington was ordered to pay more than $250,000 in legal fees to a musician who canceled a Christmas Eve concert over the venues move to add President Donald Trumps name.
L&T rejigs its digital infra business, transfers Vyoma.AI for Rs 1,400 crore
Larsen & Toubro is transferring its data centre and cloud services business to Vyoma.AI. This significant restructuring involves a 1,400 crore slump sale agreement between the two entities. The deal proceeds will be paid through the issuance of fully paid-up equity shares. Additionally, L&T will transfer its entire stake in L&T Network Services Pvt Ltd. This transfer to Vyoma.AI is valued at 30 crore and also paid via equity shares.
iNvent Rolls Out 24-Month No-Cost EMI on Apple Devices Ahead of Independence Day
New Delhi [India], August 11: Ahead of Independence Day, premium Apple partner iNvent has announced 'Freedom to Upgrade', a consumer initiative that makes upgrading to select Apple devices easier through 24-month No-Cost EMI, exchange bonus of up to INR 12,000 and special savings across iPhone, MacBook and iPad.
African proverb of the day, Even the best cooking pot will not produce food, explains why talent, skills, education, money and resources cannot create success without action. The proverb compares potential with an empty pot and effort with the ingredients and fire needed to prepare food. It teaches planning, responsibility, initiative, hard work and execution as necessary steps towards achieving goals.
In an unexpected move, Brad Lightcap, an instrumental executive at OpenAI, announced his departure to chase fresh opportunities. Since joining in 2018, he has been vital in shaping the company's enterprise business alongside Sam Altman. Despite leaving, Lightcap maintains a strong faith in OpenAI's vision and intends to assist the team as he ventures into new projects.
Quote of the day by Chris Hemsworth offers a warm reminder that heroism often begins at home. The people who influence us most may not realize the extent of their impact because they are simply living their lives. Their sacrifices can seem ordinary to them while becoming defining lessons for their children. A parent's work ethic can inspire ambition. Their kindness can shape compassion. Their resilience can teach courage. Their ability to love through difficult circumstances can provide a lifelong understanding of what family means.
Zelenskiy: Ukraine has turned over proposals to U.S. negotiators for a plan to end the war
Ukraine has presented its proposals to United States negotiators for a peace plan. President Volodymyr Zelenskyy conveyed these ideas during his nightly video address. The United States can bolster Ukraine's defense capabilities, particularly air defense systems. This assistance aims to pressure Russia into ending the ongoing conflict. Ukraine seeks a resolution rather than a prolonged continuation of hostilities.
In 1856, an English chemist invented a unique material which set the foundation stone for huge global industry. Alexander Parkes developed Parkesine, a material made from nitrocellulose and other substances. It became the first man-made thermoplastic and later became a precursor to celluloid. Parkes displayed Parkesine in London in 1862, but production problems prevented his company from succeeding commercially.
New foreign investment rule looms over AIFs, foreign investors
A new regulation threatens alternative investment funds' established structures. These funds have relied on Indian ownership for sponsor and manager control. The draft rules suggest foreign investor funding could now determine control status. This change may impact investments in restricted sectors like real estate. Existing funds await clarity on grandfathering and future foreign investment rules.
Vijay Singh steps down as vice-chairman of Sir Ratan Tata Trust
Tata Trusts vice-chairman Vijay Singh has stepped down as a trustee of Sir Ratan Tata Trust (SRTT) and has decided not to seek a renewal when his current term expires on August 14, people familiar with the matter said. Singh, a former defence secretary, will continue as a trustee of the Sir Dorabji Tata Trust (SDTT), the people said. Comments from Singh and Tata Trusts could not immediately be obtained. The development comes amid differences among SRTT trustees, with the trust barred by the Maharashtra State Charity Commissioner from holding meetings of its board pending an inquiry into alleged violations of norms governing the composition of its board. SRTT has approached the Charity Commissioner seeking removal of the restriction, citing its potential impact on the Trust's participation in Tata Sons' annual general meeting on August 18, sources said. The Tata Sons AGM assumes significance as it will consider a resolution on the reappointment of N Chandrasekaran as a director. Hi
L&T to transfer data centre, cloud services biz to Vyoma.AI for 1,400 cr
Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has entered into an agreement to transfer its data centre and cloud services business to wholly owned subsidiary Vyoma.AI Ltd for Rs 1,400 crore. The transfer will be carried out on a going-concern basis through a slump sale, the company said in a filing to BSE. The consideration, subject to closing adjustments, will be discharged through the issue of fully paid-up equity shares of Vyoma.AI. Consideration estimated to be Rs 1,400 crore, subject to closing adjustments. The consideration for the ....transfer shall be discharged by Vyoma through issuance and allotment of fully paid up equity shares of face value of Rs 100 each to the company, based on the valuation determined by an independent valuer, the filing said. In a separate transaction, L&T, Vyoma.AI and L&T Network Services Pvt Ltd (LTNSPL) have entered into a share purchase agreement for the transfer of L&T's entire equity holding in LTNSPL to ..
Elon Musk announced a partnership between SpaceX and Nvidia, introducing AI systems for space and ground deployment.
The one-time change means Accenture staff can roll over any unused holiday entitlement when the companys new financial year begins on September 1.
CPRL aims to ramp up presence of McCafe in north and east
The expansion also comes at a time when the QSR chains have been witnessing an uptick in same-store sales growth and consumption recovery in the past few quarters
Indias top 300 family businesses worth $1.46 trillion, outperform Nifty and Sensex
The list expanded by 27.5 per cent since the 2024 edition, even as the Nifty 50 declined 1.1 per cent and the BSE Sensex fell 3.7 per cent over the same period
Indias crude oil imports from the US likely to hit record low in August
Washingtons crude oil supply has become increasingly light, which does not always fit naturally into the refining diet of India
Construction equipment vehicle sales up 46 per cent in July; JCB remains the leader
The last time the sector reported a growth was in June 2025
Talent crunch intensifies as festive hiring of gig expected to go up 20% this year
Demand is expected to be broad-based, with logistics, last-mile delivery and BFSI among the strongest hiring segments, where demand could rise by around 30%
Zepto warehouse in Bengaluru sealed over extremely unhygienic conditions
The warehouse, operated by Nippon Express, has also been issued a notice, while the department has recommended filing a case against the facility
Matrimony.com Q1 PAT more than doubles y-o-y at 19 crore
The matchmaking segment added 2.71 lakh paid subscriptions during the quarter, up 15.9% sequentially and 3.7% compared to the same period last year
Godrej Consumer bets on Africa turnaround architect Aasif Malbari as new MD & CEO
Godrej Consumer Products is betting on an internal leader who helped lift margins in Africa and has been closely involved in shaping the FMCG majors financial strategy and growth since 2023.
Mark Zuckerberg envisions a future where everyone has their own AI agent to improve their lives, emphasizing open-source AI to prevent power concentration. He also announced Metas new AI model and a $1 billion investment in communities tied to its data centers.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities declined as rising crude prices and a weaker rupee weighed on sentiment. Sensex fell 388 points and Nifty 112 points, while analysts flagged 24,400 as key support amid geopolitical risks and upcoming inflation data.
Behari Lal Engineering raises Rs 90.5 cr from anchor investors ahead of IPO
Behari Lal Engineering Ltd has secured Rs 90.48 crore from anchor investors. The integrated iron and steel manufacturer's IPO opens for subscription on August 12. The company plans to utilize fresh issue proceeds for facility upgrades and expansion. Funds will also support solar panel installation and debt repayment. The public issue comprises a fresh issue and an offer-for-sale.
Sebi proposes to bring all bullion trades under vault management rules
India's market regulator is taking significant steps to enhance the supervision of its digital bullion market by proposing new vault manager regulations for all physical bullion. This initiative, which comes from the Securities and Exchange Board of India, aims to broaden the reach of the Electronic Gold Receipts framework. Stakeholders are encouraged to submit their feedback on the consultation paper by September 1.
Skytech Infinite to launch Rs 22 crore SME IPO on Aug 14 for fueling bigger automation projects
Skytech Infinite Platform is gearing up for its initial public offering set for August 14, aiming to raise Rs 22.68 crore. The funds will primarily focus on enhancing working capital and expanding operations into new markets. This industrial automation leader seeks to solidify its footprint in vital sectors, with shares anticipated to debut on NSE Emerge on August 21.
Manappuram Finance Q1 Results: Profit soars four-fold to Rs 585 crore
Manappuram Finance has showcased a remarkable financial performance in the first quarter, with consolidated profits leaping to Rs 585 crore compared to the previous year's figures. The total income during this quarter rose to Rs 3,040 crore, while assets under management experienced a notable increase of 57 percent, reaching Rs 69,635 crore. The board has additionally declared an interim dividend of 50 percent.
Bata India Q1 Results: Profit jumps 23% to Rs 64 crore on operational efficiency
Bata India has reported a remarkable twenty-three percent increase in profits for the June quarter, thanks to effective operational efficiency and stringent cost management. In addition, a four percent growth in revenue from operations was fueled by premiumization and higher sales volume. The company has also announced an interim dividend of twenty-five rupees per share, marking its third consecutive quarter of impressive growth.
Tablespace technologies files draft papers with Sebi to raise funds through IPO
Tablespace Technologies has filed its DRHP with SEBI for an IPO comprising a fresh issue of up to 800 crore and an OFS. The managed workspace provider plans to repay borrowings, pursue acquisitions and fund corporate needs.
Rapid7, a notable player in cybersecurity, has announced a workforce reduction of around twelve percent as part of its strategic shift towards an AI-first approach. This decision aligns with their goal to boost investment in AI-driven security solutions and refine their core platform. Additionally, the company is forming a new leadership team intended to spearhead this innovative AI initiative, ultimately striving for improved operational efficiency and enhanced customer service.
Examining Sheikh Hasina extradition request as per established procedures, MEA says
India is examining Bangladesh's request for Sheikh Hasina's extradition. The government stated its position on the matter remains unchanged. Investigations are ongoing regarding the murder of activist Sharif Osman Hadi. High Commissioner Dinesh Trivedi met with Prime Minister Tarique Rahman in Dhaka. Both nations discussed strengthening bilateral relations and mutual interests.
'Arunachal is integral part of India, nothing can change this': India tells China
Psychology says walking into a room can make you forget why you went there, here's why
The next time you walk into a room and suddenly forget why you went there, it may be easy to blame your memory. But psychology offers a more intriguing explanation: your brain may have just encountered an event boundary. As your surroundings change, your mental context shifts too. New information becomes more relevant, while the intention you were holding onto can temporarily become harder to retrieve.
Quote of the Day by Enid Blyton: Enid Blytons quote, If you cant look after something in your care, you have no right to keep it, explores the importance of responsibility, care, and accountability. The quote suggests that having something in our possession also means accepting the responsibility to protect, support, and care for it properly rather than neglecting its needs.
What happens when you spray vinegar on your walls? Here's why people recommend it
White vinegar for mold removal hack: Mold thrives in damp conditions, but there's an effective solution: white vinegar. Its acetic acid content is a powerful ally against household mold. To treat small patches, spray undiluted vinegar and scrub after thirty minutes. Remember, the key to preventing mold from returning is to fix the moisture problem.
Disney wins global streaming rights for Formula E races
Disney has secured global streaming rights for Formula E races. The multi-year agreement will feature races on Disney+ across 144 territories. US viewers can also watch races on ESPN and ESPN+ platforms. The 2026-27 season includes 21 rounds in major global cities. Formula E also plans to debut its advanced GEN4 electric racing car.
Quote of the day by Rumi: If you find the mirror of the heart dull, the rust has not been cleared from its face. Explore the deeper meaning behind this powerful Rumi quote about the heart, emotional clutter, self-reflection, inner peace, spiritual growth and the importance of clearing away the experiences that prevent us from seeing ourselves and life with greater clarity.
From 'Simon Go Back' to tricolour skies: How kites became a symbol of freedom
Kite flying is a beloved Indian tradition celebrating freedom and patriotism. Families gather on rooftops, enjoying the festive atmosphere and friendly competitions. Kites, once used for protest, now symbolize national pride and unity. Markets display colourful kites featuring tricolour patterns and patriotic messages. Safety precautions are advised for responsible kite flying during celebrations.
TCS and Google Cloud set up new Gemini Experience Center in Mexico City
Tata Consultancy Services (TCS) and Google Cloud have set up a new Gemini Experience Center (GEC) in Mexico City, TCS' second in Latin America and the ninth worldwide.
Larsen & Toubro to transfer its data center and cloud services biz to Vyoma
For an aggregate consideration of Rs 1,400 cr
Monsoon Bites: Delicious California Walnut Recipes for Rainy Days
New Delhi [India], August 11: When the skies turn grey and the rain begins to fall, cravings inevitably turn towards something warm, comforting and delicious. This monsoon, give those rainy-day favorites a wholesome twist with California walnuts. Their satisfying crunch, rich flavour and versatility make them an easy addition to everything from crispy snacks and hearty bites to comforting treats. So, put the kettle on, gather around the table, and make the most of the season with these delicious walnut-inspired recipes made for rainy-day indulgence.
Bengaluru (Karnataka) [India], August 11: Presidency University, Bengaluru, in partnership with the University of the West of Scotland (UWS), UK, have announced three innovative postgraduate programmes delivered at Presidency's Bengaluru campus. Through the partnership, students will graduate with two qualifications -- a Presidency postgraduate award and a UWS Master's degree -- in 14 months, without the need to relocate abroad.
Tembo Global Industries consolidated net profit rises 57.99% in the June 2026 quarter
Sales rise 21.86% to Rs 302.35 crore
Ecos (India) Mobility & Hospitality consolidated net profit rises 9.33% in the June 2026 quarter
Sales rise 16.70% to Rs 211.37 crore
Precision Camshafts consolidated net profit declines 55.10% in the June 2026 quarter
Sales decline 3.65% to Rs 187.89 crore
Manappuram Finance consolidated net profit rises 322.45% in the June 2026 quarter
Sales rise 34.11% to Rs 3034.16 crore
Span Divergent reports consolidated net loss of Rs 1.05 crore in the June 2026 quarter
Sales decline 7.29% to Rs 0.89 crore
Motor & General Finance consolidated net profit rises 886.96% in the June 2026 quarter
Sales rise 3.91% to Rs 1.86 crore
RBZ Jewellers standalone net profit rises 27.67% in the June 2026 quarter
Sales rise 59.83% to Rs 120.80 crore
Swagtam Trading & Services reports standalone net profit of Rs 0.04 crore in the June 2026 quarter
Reported sales nil
Yunik Managing Advisors reports standalone net loss of Rs 0.02 crore in the June 2026 quarter
Sales reported at Rs 0.05 crore
Gayatri Sugars reports standalone net loss of Rs 19.09 crore in the June 2026 quarter
Sales decline 12.03% to Rs 24.50 crore
Sunshield Chemicals standalone net profit rises 97.80% in the June 2026 quarter
Sales rise 11.93% to Rs 127.47 crore
New Delhi [India], August 11: What drives a small-cap entity to suddenly capture institutional and algorithmic attention with a sharp, nearly 25% rally across just five trading sessions? For seasoned market analysts, such rapid repricing often signals an underlying fundamental pivot that retail investors are only beginning to digest. In the case of Bhudevi Infra Projects Ltd (BSE: 526488), the recent price surge is not mere speculative interest, but the quantitative reflection of a stark operational turnaround.
RSC International reports standalone net loss of Rs 0.11 crore in the June 2026 quarter
Reported sales nil
Paos Industries standalone net profit rises 144.68% in the June 2026 quarter
Sales rise 5.71% to Rs 23.90 crore
KKalpana Industries (India) standalone net profit declines 60.00% in the June 2026 quarter
Sales decline 56.79% to Rs 4.07 crore
Dhanlaxmi Cotex reports standalone net loss of Rs 0.52 crore in the June 2026 quarter
Sales rise 269.62% to Rs 5.84 crore
INR extends downside amid sharp rise in oil prices
The Indian rupee declined 13 paise to settle at 95.43 (provisional) against the US dollar on Tuesday, tracking a sharp rise in global crude oil prices amid geopolitical uncertainties. However, recent foreign capital inflows provided some support to the local unit. Local shares ended Tuesday's session lower after Brent crude futures topped $90 a barrel amid fading hopes for a deal between Washington and Tehran to reopen the Strait of Hormuz, a critical waterway for global energy supplies. The BSE Sensex dropped 388.19 points (0.49%) to close at 78,154.25, while the NSE Nifty 50 fell 112.10 points (0.46%) to finish at 24,471.70. At the interbank foreign exchange market, the rupee opened at 95.38 against the US dollar and traded in a very narrow range of 95.37-95.45. Eventually it settled at 95.43 (provisional), down 13 paise from its previous close.
G-Tec Janix Education consolidated net profit rises 100.00% in the June 2026 quarter
Sales decline 10.36% to Rs 2.25 crore
Camlin Fine Sciences reports consolidated net loss of Rs 31.71 crore in the June 2026 quarter
Sales rise 27.51% to Rs 519.88 crore
Tribhovandas Bhimji Zaveri consolidated net profit rises 50.76% in the June 2026 quarter
Sales rise 34.77% to Rs 840.94 crore
Oriental Rail Infrastructure consolidated net profit rises 83.13% in the June 2026 quarter
Sales rise 16.69% to Rs 137.58 crore
Milestone Global reports consolidated net loss of Rs 0.03 crore in the June 2026 quarter
Sales rise 9.33% to Rs 4.57 crore
Rubfila International consolidated net profit declines 13.30% in the June 2026 quarter
Sales decline 7.89% to Rs 133.49 crore
IFCI consolidated net profit declines 16.10% in the June 2026 quarter
Sales decline 19.68% to Rs 327.06 crore
Sunflag Iron & Steel Company consolidated net profit rises 5.49% in the June 2026 quarter
Sales rise 5.45% to Rs 1078.95 crore
JSW Dulux consolidated net profit declines 12.42% in the June 2026 quarter
Sales decline 3.02% to Rs 965.00 crore
Aakash Exploration Services standalone net profit declines 3.70% in the June 2026 quarter
Sales rise 16.89% to Rs 27.89 crore
Somi Conveyor Beltings standalone net profit declines 50.00% in the June 2026 quarter
Sales decline 40.47% to Rs 15.62 crore
Raj Television Network reports standalone net loss of Rs 1.01 crore in the June 2026 quarter
Sales decline 9.66% to Rs 14.97 crore
Minolta Finance standalone net profit rises 213.33% in the June 2026 quarter
Sales rise 139.51% to Rs 4.91 crore
AMS Polymers standalone net profit declines 53.33% in the June 2026 quarter
Sales rise 36.16% to Rs 36.34 crore
Jain Marmo Industries reports standalone net loss of Rs 0.08 crore in the June 2026 quarter
Sales decline 25.00% to Rs 0.33 crore
Prabhatam Infra Venture reports standalone net loss of Rs 0.27 crore in the June 2026 quarter
Sales reported at Rs 0.13 crore
Paragon Finance standalone net profit rises 140.71% in the June 2026 quarter
Sales decline 18.35% to Rs 0.89 crore
Vikram Thermo (India) standalone net profit rises 67.25% in the June 2026 quarter
Sales rise 32.41% to Rs 37.87 crore
Expo Engineering and Projects standalone net profit declines 41.35% in the June 2026 quarter
Sales decline 22.97% to Rs 13.75 crore
Quadrant Televentures reports standalone net profit of Rs 3.25 crore in the June 2026 quarter
Sales decline 7.37% to Rs 50.40 crore
Wires & Fabriks (S.A) standalone net profit rises 400.00% in the June 2026 quarter
Sales rise 4.33% to Rs 29.16 crore
Manugraph India standalone net profit rises 9.22% in the June 2026 quarter
Sales decline 18.79% to Rs 25.71 crore
Leap India IPO subscribed 8.38 times
The offer received bids for 96.32 crore shares as against 11.49 crore shares on offer.
Technocraft Ventures IPO subscribed 38.69 times
The offer received bids for 32.17 crore shares as against 83.17 lakh shares on offer.
Milky Mist Dairy Food IPO subscribed 79%
The offer received bids for 6.47 crore shares as against 8.17 crore shares on offer.
Board of NBCC (India) approves incorporation of subsidiary
At meeting held on 11 August 2026
No evidence of data breach, impact on clients after hacker claim: HCLTech
IT services major says potentially exposed employee data may be limited and several years old; further investigation is underway and material findings will be reported
Higher costs drag Zydus Lifesciences' Q1 profit down 36%; revenue rises 22%
Revenue from operations rose 22 per cent to Rs 8,017 crore, led by India formulations, consumer wellness and international markets, while EBITDA margin contracted
Sensex slips 388 pts, Nifty ends below 24,500 as crude boils
Key benchmark indices ended lower on Tuesday as rising crude oil prices and renewed geopolitical uncertainty weighed on investor sentiment. Oil prices climbed near the $90-a-barrel mark as hopes of a US-Iran peace agreement faded, raising concerns over India's import bill, inflation and corporate margins. Weak global market cues added to the pressure. The Nifty closed below the 24,500 level, dragged by weakness in FMCG and metal stocks, while pharma and healthcare shares witnessed buying interest.
