30 C 
Veefin Solutions announces strategic partnership with NSIA Group
To expand supply chain finance capabilities across West Africa
INR extends losing streak as oil prices stay elevated
The Indian rupee extends losing streak in opening trades on Tuesday, weighed down by elevated crude oil prices and persistent demand for greenback. INR opened at Rs 95.68 per dollar and recovered slightly to a high of 95.65 so far during the day. Brent crude near USD 91 per barrel increased oil-related dollar demand and the Reserve Bank's earlier-than-expected closure of the concessional FCN (B) forex-swap facility raised concerns over future dollar inflows. Local equities also opened lower on Tuesday as global bond yields surged on concerns that renewed energy inflation could keep interest rates elevated. The benchmark BSE Sensex was down 310 points, or 0.4 percent, at 77,417 in early trade, while the NSE Nifty index dipped 65 points, or 0.3 percent, to 24,221.
Volumes spurt at Billionbrains Garage Ventures Ltd counter
Billionbrains Garage Ventures Ltd notched up volume of 819.05 lakh shares by 10:46 IST on BSE, a 44.78 fold spurt over two-week average daily volume of 18.29 lakh shares
SPR Auto Technologies India gains on launching QIP
SPR Auto Technologies rose 1.42% to Rs 4,507.40 after the company announced the opening of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 4,438.20 per equity share.
BJP unveils new national team under Nitin Nabin
Nabin appointed 13 national vice presidents, including Vasundhara Raje Scindia, Tirath Singh Rawat, Ram Madhav, Baijayant Jay Panda, D Purandeshwari, Manpreet Singh Badal and Rekha Verma. Piyush Goyal was appointed national treasurer, while B.L. Santhosh was named national general secretary (organisation).
Nelco announces partnership with Elveo
For delivering satellite mobile connectivity and compute solutions in India and South Asian markets
Sensex slides 288 pts; realty shares decline
At 10:30 IST, the barometer index, the S&P BSE Sensex declined 287.90 points or 0.37% to 77,440.26. The Nifty 50 index fell 60.35 points or 0.24% to 24,227.30.
Indrajaal-Sigma consortium wins orders worth Rs 155 cr for Indrajaal Ranger
From Ministry of Home Affairs, Govt. of India
Adani Power gains after CARE Ratings upgrades LT ratings to 'AA+' with 'stable' outlook
Adani Power (APL) added 1.62% to Rs 207.20 after the company said that the credit rating agency CARE Ratings has upgraded the long-term (LT) rating of APL to 'CARE AA+' from 'CARE AA' with 'stable' outlook.
Milky Mist Dairy Food gains on market debut
Shares of Milky Mist Dairy Food were currently trading at Rs 181.45 at 10:19 IST on the BSE, representing a premium of 29.61% as compared with the issue price of Rs 140.
BSE SME Sham Foam loses its bounce, trades below IPO price
Sham Foam traded at Rs 100.25 on the BSE, representing a 22.88% discount to its issue price of Rs 130.
Netweb Tech gains after launching QIP; floor price set at Rs 4,885.90/share
Netweb Technologies India rose 3.19% to Rs 5,379.65 after the company announced the opening of its qualified institutional placement (QIP) issue and fixed the floor price at Rs 4,885.90 per equity share.
Denta Water & Infra Solutions update on its flagship Mukkumpi lift irrigation project
Hatsun Agro gains as Arun Icecreams expands US presence
Hatsun Agro Products rose 1.19% to Rs 980.35 after its Arun Icecreams brand participated in the New York India Day Parade 2026 on Madison Avenue on 16 August, marking its debut at the event and strengthening its presence in the US market.
Government of India announces the sale of two dated securities for a notified amount of 28,000 crore
The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) 7.06% GS 2041 for a notified amount of Rs 17,000 crore and (ii) 7.43% GS 2076 for a notified amount of Rs 11,000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on August 21, 2026 (Friday). GoI will have the option to retain additional subscription up to 2,000 crore.
Embassy Property Developments Pvt standalone net profit rises 495.37% in the June 2026 quarter
Sales decline 71.19% to Rs 33.32 crore
Provigil Surveillance bags OPEX contract from DFCCIL
Magellanic Cloud announced that its wholly owned subsidiary, Provigil Surveillance, has received a Letter of Acceptance (LOA) from Dedicated Freight Corridor Corporation of India (DFCCIL), Ahmedabad, for a contract valued at Rs 8.90 crore. Notably, this LOA comes within a week of Provigil having received another order from DFCCIL, underscoring the growing confidence placed by the PSU major in Provigil's capabilities. The order further strengthens the Company's growing order book and adds another significant critical infrastructure project to its portfolio.
Market trades lower in early session; Nifty falls below 24,250 mark
At 09:30 IST, the barometer index, the S&P BSE Sensex declined 216.14 points or 0.28% to 77,512.02. The Nifty 50 index fell 56.05 points or 0.24% to 24,231.60.
Biocon gets supplemental US FDA nod for Yesintek prefilled autoinjector
Biocon said that its US subsidiary has received supplemental U.S. Food and Drug Administration (FDA) approval for Yesintek (ustekinumab-kfce) single-dose prefilled autoinjector in various strengths.
Zaggle Prepaid Ocean Services Ltd Slips 3.09%
Zaggle Prepaid Ocean Services Ltd has lost 25.81% over last one month compared to 3.95% gain in BSE Information Technology index and 0.94% drop in the SENSEX
Apar Industries Ltd Spikes 2.54%
Apar Industries Ltd has added 22.52% over last one month compared to 3.62% gain in BSE Capital Goods index and 0.94% drop in the SENSEX
Indo-MIM spurts after PAT jumps nearly 32% YoY to Rs 240 crore
Indo-MIM jumped 8.22% to Rs 935.95 after the company reported 31.6% rise in consolidated net profit to Rs 240.12 crore in Q1 FY27 from Rs 182.41 crore in Q1 FY26.
Protean eGov Technologies bags digital family registry project
From Govt. of Arunachal Pradesh
Digilogic Systems receives order of Rs 3.91 cr from Ministry of Defence
Biocon announces USFDA approval for Yesintek single-dose prefilled autoinjector
Biocon's subsidiary in the United States has received supplemental U.S. Food and Drug Administration (FDA) approval for Yesintek 45 mg/0.5 ml single-dose prefilled autoinjector and Yesintek 90 mg/ml single-dose prefilled autoinjector.
GIFT Nifty signals muted opening as US-Iran tensions lift crude prices
GIFT Nifty:
Stock Alert: Netweb Tech, DCX Systems, Manipal Health Enterprise
One97 Communication (Paytm)s promoter entity, Resilient Asset Management B.V, proposes to sell up to 4.98% equity in fintech firm through a block deal under its existing optionally convertible debenture (OCD) agreement with Antfin (Netherlands) Holding B.V. (Antfin). The economic value to be received by Resilient will be retained by Antfin under the OCD agreement.
Indo-MIM consolidated net profit rises 31.64% in the June 2026 quarter
Sales rise 9.39% to Rs 1218.74 crore
Shree Ram Proteins reports standalone net loss of Rs 6.36 crore in the June 2026 quarter
Reported sales nil
Starbeam Ventures reports standalone net loss of Rs 0.51 crore in the June 2026 quarter
Sales reported at Rs 9.22 crore
Godrej Housing Finance standalone net profit rises 63.93% in the June 2026 quarter
Sales rise 21.18% to Rs 227.80 crore
A.K Capital Finance standalone net profit rises 45.86% in the June 2026 quarter
Sales rise 16.95% to Rs 103.82 crore
Shri Ram Finance Corporation Pvt standalone net profit rises 27.55% in the June 2026 quarter
Sales rise 18.95% to Rs 87.99 crore
TMF Holdings reports standalone net profit of Rs 1080.11 crore in the June 2026 quarter
Sales decline 23.81% to Rs 16.03 crore
Sales decline 99.55% to Rs 0.06 crore
Datiware Maritime Infra reports standalone net loss of Rs 0.05 crore in the June 2026 quarter
Sales rise 233.33% to Rs 0.10 crore
GMR Airports arm begins commercial operations at Bhogapuram's new international airport
GMR Airports announced that its subsidary, GMR Visakhapatnam International Airport (GVIAL) has commenced commercial operations at Alluri Sitarama Raju International Airport in Bhogapuram, Andhra Pradesh, from 17 August 2026.
An economist explored a novel link between politicians' physical appearance and corruption. He used computer vision to estimate body mass index from photographs of ministers. This study examined cabinet members across fifteen former Soviet republics. Later research focused on Ukrainian ministers, showing similar statistical associations over time. The findings suggest a potential proxy for corruption where data is scarce.
Garena Free Fire MAX redeem codes for August 18, 2026, offer players in-game rewards. These limited-use alphanumeric codes can unlock character skins and outfits. Players should try the latest codes promptly as they expire quickly. Redeeming codes requires visiting the official Free Fire Redemption Centre. Successful redemption sends rewards directly to the player's in-game mailbox.
Taiwan detects five PLA aircraft sorties, eight PLAN vessels around its territory
Taiwan detected five Chinese aircraft sorties and numerous naval vessels operating nearby. Three of these aircraft entered Taiwan's northern and eastern Air Defence Identification Zone. On the previous day, one Chinese aircraft entered the northern ADIZ with many vessels. China asserts Taiwan is an inseparable part of its territory. Taiwan maintains its own independent government and military forces.
Positive Breakout: These 7 stocks cross above their 200 DMAs
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be in an overall uptrend.
Resilient Asset to offload 4.98% stake in Paytm parent
Resilient Asset Management plans to sell nearly five percent of Paytm shares. This stake sale is valued at approximately five thousand crore rupees. Proceeds will go to Chinese investor Ant Financial under an existing agreement. Resilient acquired the stake from Ant Financial in twenty twenty-three. This move helps reduce Chinese influence within the fintech company.
Sebi cautions investors against social media live trading tips and unregistered advisory services
Sebi has cautioned investors regarding social media accounts offering live trading strategies. These platforms often feature unregistered investment advisory services and real-time stock market tips. Individuals on social media portray themselves as market experts, providing detailed investment analysis. Live market data sharing is restricted by the regulator, except for specific purposes. Investor education and awareness can involve market data with a thirty-day lag.
Sebi clarifies rules on pledging securities for discretionary PMS clients to raise loans
In a recent update, the Securities and Exchange Board of India (Sebi) confirmed that clients engaged in discretionary portfolio management have the right to pledge their securities. They will still be considered beneficial owners and are permitted to utilize these assets as collateral. This flexibility allows clients to secure personal loans, alleviating prior worries regarding restrictions on borrowing by portfolio managers.
After Dhoot, Bain-backed RSB Transmissions begins talks with bankers for 3,000 cr IPO
Founded in 1973 by R.K. Behera and S.K. Behera, RSB specializes in designing and manufacturing components for commercial vehicles, passenger cars, construction and off-highway equipment.
Zaggle Prepaid Ocean Services stock plummets to 52-week low after disappointing Q1 results
After a disappointing quarterly performance, Zaggle Prepaid Ocean Services saw its stock reach a 52-week low. Despite an increase in revenue, profits dwindled, affecting how investors perceive the firm. Experts highlighted ongoing concerns about the long-term cash generation capabilities relative to reported profits. This situation is compounded by the company
Strong earnings support mid- & small-caps' D-street Run
Mid and small-cap firms achieved their sharpest revenue growth in sixteen quarters. Aggregate revenue climbed twenty percent, and operating profit rose twenty-seven percent. Net profit surged twenty-three percent, marking a second quarter of double-digit growth. Small-cap companies reported even stronger net profit jumps of forty-two percent. These robust results fueled significant gains in their respective stock indices.
Sebi chair rules out CAS rollback; assures commitment to resolving ongoing issues
The Securities and Exchange Board of India is set to assess the implications of the newly implemented Closing Auction Session. Chairman Tuhin Kanta Pandey affirmed that this mechanism will remain in place and will undergo enhancements. Designed to ascertain closing prices for stocks in the futures and options market, the system has faced scrutiny from market participants who have reported losses.
Stocks in news: Airtel, Paytm, SpiceJet, ONGC and ZEE
Markets extended their losing streak for a fifth consecutive session on Monday. Airtel Payments Bank appointed Shabnam Sinha as its new chairperson. Paytm's parent company will see a significant share sale on Tuesday. SpiceJet's bankruptcy petitions were deferred after a settlement was reached. ONGC secured a US license to resume operations in Venezuela.
D-Street braces for weak opening on negative GIFT Nifty cues
Domestic equities opened the week lower, with the Nifty closing down at 24,287 points. Analysts anticipate range-bound trading as focus shifts to global macro and geopolitical developments. The Strait of Hormuz and crude oil prices are key near-term drivers, raising price risks. Investors will also monitor US Federal Reserve meeting minutes for interest rate outlook. Foreign portfolio investors net sold shares, while domestic institutions were net buyers.
Indias art market is running on old masters and new money
The biggest sale in the first half of 2026 came from an earlier generation. Raja Ravi Varmas Yashoda and Krishna (1890) sold for 167.2 crore at Saffronarts April sale in Mumbai.
Axis Max Life sees margin gains holding firm as product mix settles
CEO Sumit Madan rules out near-term product changes as VNB margins surge to 23.2%, buoyed by strong demand for retirement products, protection sales, and channel expansion.
Tata Sons board divided over Chandrasekarans exit; directors debate whether to seek reconsideration
Tata Sons directors are divided over how to formally respond to chairman N Chandrasekarans decision not to seek reappointment, with some favouring a board vote and others wanting him to reconsider, people familiar with the matter said. Sir Dorabji Tata Trust has urged the board to begin succession planning.
Aegis Logistics in talks to acquire UAEs Tristar for $1.5 billion
Aegis Logistics is in advanced discussions to acquire Tristar for $1.5 billion. This consolidation could be one of the industry's largest efforts. Aegis is seeking acquisition financing from lenders for the deal. Tristar operates across many countries, complementing Aegis's expansion plans. The companies are currently holding bilateral negotiations under an exclusivity period.
Georgia Military School Embarks on Turnaround Post-Debt Reprieve
Riverside Military Academy, an all-boys boarding and day school in Gainesville, Georgia, has entered into a forbearance agreement after defaulting on its debt obligations, according to a market disclosure.
Axis Bank expands corporate play beyond loans, shuns price war
Axis Bank is broadening its corporate banking services beyond just lending. The lender targets fee income and low-cost deposits from corporate ecosystems. It handles collections, payments, trade finance, and salary accounts for businesses. Investment banking and wealth management services are also offered to companies and their promoters. This strategy aims to build liability and fee franchises by managing more corporate cash flows.
Investors pile into small, mid-caps as earnings momentum improves
Investors are channeling significant funds into small and mid-cap stocks this fiscal year. Small-cap funds have seen inflows nearly matching last year's total in just four months. Mid-cap funds also show strong investor interest, attracting substantial capital inflows. Large-cap funds, conversely, have experienced considerably lower investment amounts. This trend reflects improved earnings momentum and increased market liquidity for smaller companies.
I squared-Veolia consortium leads race to acquire KKR backed Re Sustainability
PE firm initiates parallel talks with local strategics after low $1.1 bn offer on table falls below expectations. KKR expected $1.6 billion, translating to 13-15x FY27 EBITDA.
Finance Minister Nirmala Sitharaman on Monday said Indias banking sector is in its strongest position to undertake the next phase of reforms, aided by historically low non-performing assets. She said the High-Level Committee on Banking for Viksit Bharat will be announced soon to align the sector with Indias growth ambitions.
Lucknow (Uttar Pradesh) [India], August 17: The 8990 Luxury Car Club Foundation, led by its Founder Mahipal Singh, has created history by bringing together 250 luxury cars bearing the same vehicle registration number '8990' at Ramada Hotel, Lucknow.
China's ByteDance signs AI copyright pact with Hollywood trade group
The deal, which covers ByteDance's Seedance video and Seedream image-generation models, follows a cease-and-desist letter the MPA sent in February over these tools.
Election black money cases must be probed faster, says Supreme Court
The Supreme Court mandated swift conclusion of criminal cases involving election-related black money. Authorities must report cash seizures within twenty-four hours to the District Magistrate. Investigations must conclude within one year, with reasons for delays reported. Static Surveillance Teams will forward large cash findings to income tax authorities. High courts will designate courts for prompt disposal of these critical cases.
Psychology says people who never tell the real price of a product recently bought to their parents or elders aren't necessarily dishonest. They may be avoiding conflict, judgment, guilt or repeated advice about money. This behavior can reflect differences between generations, personal boundaries and a need to protect relationships while making independent financial choices without creating unnecessary family tension.
Blanche defends Jeanine Pirro after Trump slams Lincoln Memorial pool case
Attorney General Todd Blanche supports US Attorney Jeanine Pirro amid President Trump's criticism. Pirro sought dismissal of vandalism charges for the Lincoln Memorial Reflecting Pool. Blanche stated evidence, not allegations, determines prosecution viability in such cases. The White House requested a review of the vandalism case for potential new charges. This situation highlights tensions between presidential expectations and prosecutorial decisions.
The Venus in Libra influence lasts until September 10, giving these four Zodiac Signs an astrological window associated with attraction, connection and receiving.
NICDP projects need faster execution as Centre pushes investor-ready industrial ecosystems
The Centre has asked states to move faster on industrial corridor execution as NICDP crosses 20 projects and BHAVYA draws strong early interest.
Liam Neeson advocates for actors to detach from their characters once the cameras stop rolling. He likens it to removing a coat, emphasizing the importance of maintaining a distinction between work and personal life. This philosophy fosters a nurturing environment for family connections. Renowned for his extensive film career, Neesons performances across diverse genres have garnered him numerous accolades.
Pune sweets shop wins 5 lakh after food licence stays suspended despite 98% compliance
The Bombay High Court criticized the Maharashtra FDA for its actions. The court ordered the FDA to pay Rs 5 lakh compensation to a sweets shop. This compensation was for suspending the shop's license despite high compliance. The court permitted the shop to reopen its business operations. The FDA must pay the compensation within one month.
Flood risk is hard to picture until water is inside your home. UC Berkeley researchers are building a digital twin of Californias Lower Pajaro River Valley to change that. The virtual model can show how floodwater may move through communities, what levee upgrades could change, and where climate change may increase danger. It also brings infrastructure, ecosystems and social equity into the same flood management picture.
Foreign nationals in drug cases face tougher bail checks as SC issues slew of directions
Supreme Court mandates passports for foreign nationals released on bail. Courts will now restrict travel outside India for these accused individuals. Foreign nationals must register with FRRO and inform authorities promptly. Surety verification must be completed within three days of bail orders. A centralized database will track foreign nationals and their sureties in NDPS cases.
Meta faces 'astronomical' consequences as child privacy trial in California could change Instagram, Facebook forever
Paytm founder Sharma to sell stake worth up to 4,895 crore in block deal
As of June-end, Sharma's Resilient was listed as a public shareholder with just over 10% stake in the Paytm parent. Resilient is a Netherlands-registered holding firm that Sharma set up to acquire a 10.3% ownership and voting interest in One 97 Communications from Ant Group Co. affiliate Antfin.
Vijay Shekhar Sharma-controlled Resilient may sell 4.98% Paytm stake
Proceeds from the proposed stake sale will go to Antfin under a 2023 agreement; Paytm said it is not a party to the transaction and Sharma's direct holding is unchanged
Sun Pharma gets favourable verdict in antitrust-litigation in U.S.
The plaintiffs, in the antitrust litigation, had alleged the settlement agreement with Pfizer unlawfully delayed generic competition for Lipitor.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities extended losses, with Sensex falling 281 points and Nifty declining for a fifth session. Analysts flagged crude prices, Strait of Hormuz tensions and Fed minutes as key drivers. Broader markets gained, while market breadth remained bearish with more declines than advances.
Jio vs Airtel: the base plan is now the new telecom battleground
The move from Reliance Jio, whose tariffs already trade at a discount to peers, could affect Airtels strategy to upgrade base-level plan users to higher tariffs. The pricing divergence also puts the spotlight on Vodafone Idea.
Who is Sam Mehta? L3Harris names replacement for ousted CEO Christopher Kubasik
Incoming CEO Sam Mehta, 53, joined L3Harris in 2023. He had led L3Harris's Space & Mission Systems and Communications & Spectrum Dominance segments, which together account for about 80% of total revenue.
OpenAI leadership exits: Brockman calls turnover atypical after Denise Dresser, Brad Lightcap quit
OpenAI is undergoing another senior leadership reshuffle just as the ChatGPT maker enters one of the most consequential phases of its expansion
IT Ministry approves 7,877 crore worth projects under electronic component scheme
The Electronics Component Manufacturing Scheme (ECMS) provides for capex- and turnover-linked incentives for electronics sub-assemblies and parts.
Angel Number Day 8/18is best understood as a symbolic opportunity rather than a promise of financial success. For these fiveZodiac Signs, the day's numerological themes may offer a more meaningful reminder than simply waiting for a windfall: recognize your own potential, take purposeful action, and create the momentum that can move you toward your goals.
Assam releases Rs 47.93 crore flood relief to 31,951 families; total aid reaches Rs 146.26 crore
Assam Chief Minister Himanta Biswa Sarma released Rs. 47.93 crore in interim flood assistance through DBT to 31,951 families across Sivasagar, Charaideo, Jorhat and Golaghat. With the latest disbursement, the state has provided Rs. 146.26 crore to 96,842 flood-affected families, while damage assessment and verification continue across the four districts.
Following live trading strategies on social media? Sebi has a warning for you
Sebi warned investors against relying on live trading strategies and real-time stock tips shared on social media, saying such sessions may involve unregistered advisory services. The regulator urged investors to avoid such advice and deal only with Sebi-registered intermediaries.
Lupin gets U.S FDA nod for Pitolisant tablets
One in five Nifty 50 CEOs in the 50-crore salary club
HCL Tech CEO highest paid in FY26; Asian Paints MD & CEO got highest increase in pay packet at 179 per cent.
Vijay Shekhar Sharma-controlled Resilient may sell up to 4.98% Paytm stake
Netherlands-based Resilient Asset Management, fully owned by Paytm founder Vijay Shekhar Sharma, will sell up to 4.98% of the fintech firm's stake via a block trade.
Wipro arm, Micromax, Jyoti CNC lead 7,877cr electronics investments
Meity approved 7,877 crore in new electronics component investments across 31 projects on Monday, led by Wipro's 1,033-crore addition to its Bengaluru circuit-board material plant.
Paytm block deal: Resilient Asset to sell up to Rs 4,895 crore stake at 3% discount
Resilient Asset Management plans to sell up to 4.98% of Paytm parent One 97 Communications through a block deal worth Rs 4,895 crore. The offer carries a 2.9% discount, potentially pressuring shares.
Tata group's Nelco picks up minority stake in Elveo, invests $20 mn
Strategic investment will allow Nelco to offer Direct-to-Device and IoT Connectivity in India, South Asia
Grid planning should focus on rolling transmission plans linked to RE additions: IWTMA
The IWTMA report highlighted that timely grid connectivity is essential to ensure that completed wind projects can be commissioned without delay
Market Trading Guide: Hindustan Copper among 2 stock recommendations for Tuesday
Analysts recommend Hindustan Copper and Concord Biotech after both stocks broke key resistance levels with strong price action, volume and bullish momentum. Despite energy-led cost pressures, stronger Q1FY27 earnings and pricing actions could support upgrades, though margin risks remain from higher-cost inventory.
