32 C 
Texas's popular Rio Red grapefruit originated from radiation-induced mutations in 1984. This variety, developed at Texas A&M University, offered vibrant pink flesh and improved hardiness. Early atomic research explored radiation's potential to alter living organisms and create beneficial mutations.
Quote of the day by Epicurus, He who has peace of mind disturbs neither himself nor another, explains how inner calm can affect daily life. The quote connects peace of mind with managing worry, desire, fear, anger and conflict. It also offers life lessons about self-kindness, contentment, friendship, external harmony and avoiding actions that disturb others around you.
Yale researchers tracked 3,635 adults aged 50 and older over a twelve-year study. Their findings showed that regular book readers had a 23 percent lower mortality hazard. Active book readers reached an 80 percent survival milestone 23 full months later than non-readers. Deep cognitive engagement from daily reading strengthens brain function over time. Reading books regularly remains one of the most effective habits for living a longer life.
Commerce minister Piyush Goyal leads 70-member business delegation to Singapore
Commerce Minister Piyush Goyal is leading a large delegation to Singapore. This visit aims to strengthen trade and investment ties between the two nations. The delegation includes representatives from various key sectors like technology and finance. Singapore remains India's largest source of foreign direct investment. Bilateral trade has significantly expanded following a cooperation agreement.
A 1,300-year-old shipwreck off Croatia's Mljet island revealed over 600 grams of gold. This significant discovery includes a signet ring possibly linked to Emperor Heraclius. Gem-encrusted belts and coins bearing four emperors' names were also recovered. The vessel sank during a challenging period for the Byzantine Empire. This find offers a rare glimpse into maritime activity and elite life.
Jammu and Kashmir Chief Minister Omar Abdullah criticized the growing use of Gen Z as a threat. He stated this rhetoric could undermine goodwill associated with the younger generation. Abdullah compared the phrase to an old saying about parental influence. Using generational identity as a threat is counterproductive and damaging. This warning comes amid discussions on tourist treatment in Jammu and Kashmir.
Kolte-Patil Developers appoints Hrishikesh Parandekar as new CEO
Parandekar joins from Alpha Alternatives and will spearhead the developer's next phase of growth, business expansion, operational excellence and institutional strengthening
Delhi HC seeks Beco's response in disparagement suit filed by HUL
HUL alleges Beco's advertising campaign disparaged Surf Excel and Vim by linking chemicals in the products to skin irritation and allergies; court seeks response
Marvell shares jump 12% as Google eyes $12.2 billion stake in AI chip deal
Marvell shares surged 12% after Google secured the right to buy up to $12.2 billion in shares under an expanded AI chip deal.
The department of consumer affairs has been examining complaints registered through the National Consumer Helpline alleging defects in the smartphones including lines appearing on the screen.
Rs 3 crore to Rs 4,925 crore: Sebi order gives details on Dhenu Buildcon market cap surge
Sebis interim order alleges Dhenu Buildcon routed Rs 1,000 crore through connected entities as loans, later converting Rs 840 crore into equity. Despite negligible revenue, its market cap surged to Rs 4,925 crore. The regulator ordered restrictions while investigations continue.
Hindustan Zinc raises green power share to 22% of total consumption
Hindustan Zinc targets to achieve 70% of its overall power requirements through renewable energy by FY28
First Coffee raises $1.3 million from Japanese VC firm
The funds will be used to accelerate store expansion, build the corporate team, strengthen brand value and invest in product development
NCLT lets SpiceJet lessor withdraw IBC plea, imposes 15 lakh costs
Tribunal directs SpiceJet and aircraft lessor Aviator ML to pay Rs 7.5 lakh each after they reached a settlement following reservation of the matter for orders
Proofpoint sets up Hyderabad CoE amid India expansion; to hire 200+ engineers
The company currently has about 100 employees in India, in addition to more than 550 extended team members at its Pune CoE
Wheels India Board approves preferential issue of 180 crore
Also approves enhancement of fundraising limits approved by the members of the company from 400 crore to 450 crore
Indian women set to inherit 73 lakh crore, but only 23% have a wealth transfer plan
Wealth creation emerged as the primary investment objective for 86 per cent of respondents, challenging the long-held assumption that women investors tend to be more conservative
Siguler Guff raises $500 mn fund to invest in India's mid-market firms
The fund will focus on high-growth, founder- and family-owned businesses benefiting from domestic consumption across consumer, health care, financial services and technology
EID Parry eyes quarterly break-even in CPG business in 4-5 quarters
The absolute margin pool has grown given the companys focus on a more margin-accretive product mix
VW to select India partner this yr to share risk, drive growth: Skoda CEO
Volkswagen expects to sign a deal with a local partner in India this year, the CEO of its Skoda brand, Klaus Zellmer, said, as the German group struggles to build scale in the Indian car market.
The capital will support CtrlSs infrastructure expansion and capacity build-out to meet growing enterprise and hyperscaler demand across India
Ceigall JV wins road project of Rs 274 cr in State of Arunachal Pradesh
The project entails construction of road from km 17.812 to km 55.377 (Package-2) of Bile- Migging section (km 0.00 at Migging end) of NH 913 (Frontier Highway) to Intermediate Lane on EPC mode in the State of Arunachal Pradesh.
RBI noted in its monetary policy minutes that as of June 2026, fuel inflation has remained modest because the sharp spike in international energy prices has had limited pass-through to domestic retail prices. CPI inflation has crossed the 4% target by small margin. However, core inflation was still below 4%. Core inflation excluding precious metals remained much lower at 2.5 per cent. These numbers suggest limited pass-through so far of the terms-of-trade shocks (due to a sharp escalation in crude prices and a weakened INR) the economy experienced over the last two quarters.
Reserve Bank of India (RBI) released minutes of sixty second meeting of the Monetary Policy Committee (MPC) held during August 3 to 5, 2026 today. MPC member Nagesh Kumar noted that the Indian economy has displayed remarkable resilience in the face of challenging headwinds stemming from the ongoing conflict in West Asia, especially the volatility in crude oil prices, trade policy uncertainties, and agricultural risks arising from El Nio affecting the monsoons. The concerns arising from the West Asia conflict and the blockade of the Strait of Hormuz have not receded, even as India has made efforts to deal with the situation by diversifying the sources of supply. Trade policy uncertainties have been aggravated.
Healthy forex inflows to support INR stability: RBI minutes
RBI notes in the minutes of its August monetary policy that RBI has built a substantial dollar cushion to defend rupee. The central bank stated that the June 05th joint package of reforms by the RBI and the Ministry of Finance has received enthusiastic responses. In response to these incentives, as of July 31, 2026, a total of $36.725 billion has already been received under the FCNR(B) swap facility. Additionally, the bond market has witnessed healthy Foreign Portfolio Investment inflows through FAR. These forex inflows will support INR stability and help limit the impact of imported inflation, RBI stated.
INR slips further amid sharp rise in global crude oil prices and negative local equities
The Indian rupee fell 2 paise to close at 95.76 (provisional) against the US dollar on Wednesday as a sharp rise in global crude oil prices amid heightened tensions in West Asia kept markets on edge. A sharp decline in domestic equity markets put further pressure on the local unit, while possible RBI intervention and foreign fund inflows lent support. Local shares ended lower on Wednesday to extend losses for a seventh straight session as elevated oil prices and rising global bond yields amid an apparent impasse in Middle East peace talks dented investors' appetite for riskier assets. The BSE Sensex dropped 325.78 points (0.42%) to close at 76,909.68, while the Nifty 50 shed 76.60 points (0.32%) to finish at 24,078.30. At the interbank foreign exchange, the rupee opened at 95.72 and traded in a very narrow range of 95.72-95.76. It eventually settled at 95.76 (provisional), down 2 paise from its previous close.
Horizon Industrial Parks (HIPL) IPO subscribed 1.45 times
The offer received bids for 36.37 crore shares as against 25.13 crore shares on offer.
Lalithaa Jewellery Mart IPO subscribed 62.97 times
The offer received bids for 395.21 crore shares as against 6.27 crore shares on offer.
FDA temporarily suspends CEAT's license to procure Methanol
The Suspension order is yet to be effective. The Company has made alternate arrangements to procure Methanol in compliance with the applicable Rules. The issues raised in the suspension order have already been addressed. Accordingly, no material adverse impact is anticipated on financial position, operations, or overall business activities.
Lenskart Solutions among 4 stocks to hit 52-week highs & surge up to 25% in a month
Four BSE 200 stocksGlaxoSmithKline Pharmaceuticals, Lenskart Solutions, Bosch and Samvardhana Motherson Internationalhit fresh 52-week highs despite Sensex weakness. The stocks gained 18%-24% over the past month, signalling strong investor interest and positive momentum.
Tech holds the crown, but defensive positioning grows: BofA survey
Technology remains investors top choice, but Asia fund managers are turning defensive, with 59% hedging AI downside through value, cyclical and defensive sectors. Asia ex-Japan optimism rose, while Japan exposure remains concentrated in banks and semiconductors amid policy expectations and weaker semiconductor sentiment.
Hyundai Motor India to hike vehicle prices by up to 1% from September
Hyundai Motor India said on Wednesday it will increase vehicle prices by up to 1% across its portfolio from September this year, with the extent of the hike varying by model and variant.
Crompton targets 250-300 crore revenue from super-premium Rhion brand
CFO says Rhions debut product, Water Biofier, will initially be piloted in select Tamil Nadu cities and Bengaluru before scaling to other locations
Crompton targets 250-300 crore revenue from super-premium Rhion brand
CFO says Rhions debut product, Water Biofier, will initially be piloted in select Tamil Nadu cities and Bengaluru before scaling to other locations
India's SpiceJet bankruptcy cases to be reheard in setback for lessors
The National Company Law Tribunal had prepared a judgment covering eight petitions against SpiceJet, but said the withdrawal of one of the petitions following the settlement meant the ruling needed to be rewritten
India's SpiceJet bankruptcy cases to be reheard in setback for lessors
The National Company Law Tribunal had prepared a judgment covering eight petitions against SpiceJet, but said the withdrawal of one of the petitions following the settlement meant the ruling needed to be rewritten
Hyundai Motor India to raise car prices by up to 1% from September
The latest increase marks Hyundais third price hike announcement of 2026
Hyundai Motor India plans increase in prices from September 2026
Hyundai Motor India has planned to increase the prices of its vehicles by up to 1% across its portfolio, effective September 2026. The quantum of increase will vary depending on the model and variant.
Benchmarks extends slide as crude, geopolitical risks keep investors cautious
Key benchmark indices extended their losing streak on Wednesday as elevated crude oil prices, higher global bond yields and persistent geopolitical uncertainty kept investors cautious. The Nifty settled below the 24,100 level. The broader market remained under pressure, with both midcap and smallcap indices ending lower. Most sectoral indices closed in the red, led by weakness in defence and energy stocks, while IT shares bucked the trend and gained amid bargain hunting. Brent crude remained elevated near $92 a barrel as uncertainty over the US-Iran conflict and the Strait of Hormuz kept supply concerns in focus.
Quick Wrap: Nifty Energy Index falls 1.18%
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B-Right Real Estate Outlines Vision 2033
Mumbai (Maharashtra) [India], August 19: B-Right Real Estate Group outlined its long-term roadmap at its Vision 2033 event, with the company sharing plans to develop approximately 4.7 million sq. ft. of real estate in Mumbai by 2033. The company reiterated that its future growth will remain focused on Mumbai, where it has built its presence around redevelopment-led projects.
HUL moves Delhi HC against Beco parent over Surf Excel, Vim ad campaign
Hindustan Unilever approached the Delhi High Court against Kwick Living (I) Private Limited over advertisements targeting Surf Excel and Vim, alleging product disparagement and trademark infringement
Japanese shares slide as tech selloff deepens
The decline was led by semiconductor and technology stocks, following heavy selling in AI-related chipmakers on Wall Street overnight. Rising global bond yields and higher oil prices also weighed on investor sentiment. Japan's 10-year government bond yield reached a 30-year high this week, adding to concerns about borrowing costs.
Chinese stocks fall sharply as chipmakers lead selloff
The selloff was led by semiconductor stocks. Rising government bond yields, persistent inflation, high fiscal spending and heavy debt issuance have increased concerns about borrowing costs. Geopolitical tensions and fears of energy supply disruptions added to worries that inflation could stay high.
The UK pension pot question: Why 2026-27 is the year to decide
Starting April 2027, UK pension pots will be subject to inheritance tax, prompting a reevaluation of legacy planning strategies. For Indians holding UK pensions, transferring them to Indian QROPS before this deadline becomes vital. This process involves specific forms and an exact completion sequence. Indian pension schemes present a variety of investment options tailored to different risk profiles.
Anthropic may expand credit line beyond $10 billion as it gears up for IPO
Anthropic PBC is planning to boost its revolving credit facility above $10 billion ahead of its IPO, drawing interest from banks. This follows discussions on $15 billion debt financing for a Texas data center project backed by Google, as the AI race intensifies.
AI in finance: From crunching numbers to making decisions, how far can it go?
Artificial intelligence is increasingly assisting in financial tasks and decision-making. Organisations report improved decision quality and faster processing with AI integration. Routine finance work like bookkeeping is being automated by AI systems. However, complex decisions still require human judgment and professional expertise.
Expect to create 6,440 jobs via 1,166 crore investment on 2 units in YEIDA: Spark Minda
The two new units at Sector-10 and Sector-24, YEIDA, extend that same Gautam Buddh Nagar industrial cluster rather than starting a footprint from scratch
Market ends lower; Nifty settles below 24,100 level
As per provisional closing data, the barometer index, the S&P BSE Sensex dropped 325.78 points or 0.42% to 76,909.68. The Nifty 50 index lost 76.60 points or 0.32% to 24,078.30. The Sensex declined 1.49% in four consecutive trading sessions, while the Nifty fell 2.05% in seven consecutive trading sessions.
Govt eyes foreign capital inflows, deeper corporate bond mkt: Alok Tiwari
DEA Joint Secretary Alok Tiwari says the government is working to attract overseas capital and improve depth, liquidity and participation in corporate bonds
EPSRR, Axton Capital in pact to develop F&B concept in Sri Lanka, Oman
The companies plan to collaborate via J M Robertson & Company Limited, a subsidiary of Axton, to develop and expand F&B concepts in both markets
Oil India vs ONGC vs OMCs: What JM Financials $80 Brent call means for oil stocks
Brent crude may stay near eighty dollars a barrel for twelve months. Analysts favor Oil India and ONGC due to expected earnings growth. Oil India's refinery capacity expansion will drive future output increases. Oil marketing companies face pressure from lower integrated gross margins. Valuation and earnings concerns persist for HPCL, BPCL, and IOCL.
Novo Nordisk tests low-dose Wegovy pill in new weight-loss study
The study reflects growing interest in lower-dose obesity treatments as patients balance weight-loss benefits, costs and potential side effects
BCCL stops mining at New Akashkinaree Colliery in Dhanbad after DGMS directive
DGMS revoked permission under the Coal Mines Regulations, 2017, effective August 17, 2026, due to safety concerns from land subsidence
Rahul Gandhi supports tribals protesting the Ken-Betwa river-linking project. He will visit the protest site to pressure the government. Tribals claim the project will displace thousands and harm the Panna Tiger Reserve. They allege administrative harassment and seek parliamentary intervention. Gandhi pledged his and Congress's solidarity with the affected communities.
Pound near three month high, GBP/INR approaches 130 mark
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INR seen lingering near a three-week low amid weak global cues
The Indian rupee is seen extending slide near a three-week low in opening trades on Wednesday, as global sentiments stay bleak amid ongoing geopolitical tensions and lack of clarity surrounding the crucial strait of Hormuz. INR opened at Rs 95.72 per dollar and hit a low of 95.74 so far during the day. Muted opening in local equities tracking weak cues from global markets on growing concerns that surging oil prices could keep inflationary pressures persistent and leave interest rates higher for longer are also keeping rupee subdued. Sentiment weakened after the US-Iran ceasefire expired without a new agreement, sending Brent crude above $91 per barrel and fueling concerns over higher inflation and increased import costs for India, one of the world's largest crude importers.
Italian Proverb of the Day: The eye doesnt see, the heart doesnt hurt explores the connection between awareness and emotional pain. The traditional saying suggests that people may avoid worry or distress when they remain unaware of something unpleasant. Its broader lesson considers whether knowing difficult truths always brings greater peace or whether ignorance can sometimes protect peace of mind.
Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why
Swiggy is moving closer to becoming an Indian-owned and controlled company (IOCC), a move that could enable an inventory-led model for Instamart and potentially improve margins. However, Jefferies expects the shift to trigger passive outflows of over $400 million from MSCI and FTSE indices due to foreign ownership limits. The brokerage retained its Buy rating with a target price of Rs 435.
Research indicates that using cacao-shell waste to create biochar has significantly improved agricultural yields on degraded farmland in Sumatra. Over time, this biochar technique demonstrated enhanced effectiveness, particularly in the acidic Ultisol soil. However, its benefits diminished after multiple growing seasons, necessitating repeated applications to sustain its positive influence. Thus, biochar emerges as a beneficial resource for promoting soil health and ensuring food security.
Bangladesh seeks faster business visas, balanced economic ties with India
Bangladesh seeks faster business visa issuance for its nationals traveling to India. Dhaka also urged greater ease of doing business for mutual economic benefits. The nation wants businesses and private sectors to communicate more frequently. Bangladesh desires more vibrant trade, investment, and communication between the two countries. It invites greater Indian investment in Bangladesh's economic zones.
Looking for something entertaining to watch this weekend? Zendaya has built an impressive screen career, moving effortlessly between superhero blockbusters, musical dramas, intense romances and dark coming-of-age stories.
Arkade Developers adds 4 cluster redevelopment projects in Western Mumbai
Arkade Developers said that it has added four redevelopment projects across Malad West, Kandivali West, Kandivali East and Borivali West, covering a combined area of around 45,204 square meters or 11.17 acres.
Bandhan Bank Ltd eases for fifth straight session
Bandhan Bank Ltd is quoting at Rs 169.47, down 0.6% on the day as on 13:19 IST on the NSE. The stock tumbled 2.76% in last one year as compared to a 4.02% slide in NIFTY and a 0.59% spurt in the Nifty Private Bank index.
Bank of India eases for fifth straight session
Bank of India is quoting at Rs 142, down 0.07% on the day as on 13:19 IST on the NSE. The stock jumped 22.07% in last one year as compared to a 4.02% slide in NIFTY and a 21.04% spurt in the Nifty PSU Bank index.
Abbott India Ltd down for fifth straight session
Abbott India Ltd is quoting at Rs 26325, down 0.96% on the day as on 13:19 IST on the NSE. The stock jumped 12.53% in last one year as compared to a 4.02% slide in NIFTY and a 19.36% spurt in the Nifty Pharma index.
Zydus Lifesciences Ltd down for fifth straight session
Zydus Lifesciences Ltd is quoting at Rs 1106.5, down 0.82% on the day as on 13:19 IST on the NSE. The stock jumped 12.53% in last one year as compared to a 4.02% slide in NIFTY and a 19.36% spurt in the Nifty Pharma index.
Tips Music Ltd down for fifth straight session
Tips Music Ltd is quoting at Rs 655.65, down 0.01% on the day as on 13:19 IST on the NSE. The stock jumped 22.66% in last one year as compared to a 4.02% slide in NIFTY and a 2.26% fall in the Nifty Media index.
Nestle India Ltd down for fifth straight session
Nestle India Ltd is quoting at Rs 1460, down 0.17% on the day as on 13:19 IST on the NSE. The stock jumped 22.66% in last one year as compared to a 4.02% slide in NIFTY and a 16.21% fall in the Nifty FMCG index.
Britannia Industries Ltd down for fifth straight session
Britannia Industries Ltd is quoting at Rs 5486, down 0.16% on the day as on 13:19 IST on the NSE. The stock tumbled 3.77% in last one year as compared to a 4.02% slide in NIFTY and a 16.21% fall in the Nifty FMCG index.
Exide Industries Ltd drops for fifth straight session
Exide Industries Ltd is quoting at Rs 458.8, down 1.39% on the day as on 13:19 IST on the NSE. The stock jumped 14.43% in last one year as compared to a 4.02% slide in NIFTY and a 14.68% spurt in the Nifty Auto index.
Canara Bank down for fifth straight session
Canara Bank is quoting at Rs 128.48, down 0.48% on the day as on 13:19 IST on the NSE. The stock jumped 14.43% in last one year as compared to a 4.02% slide in NIFTY and a 2.42% spurt in the Nifty Bank index.
Nifty trades below 24,050 mark; FMCG share extent losses for 4th day
At 14:28 IST, the barometer index, the S&P BSE Sensex, declined 386.03 points or 0.50% to 76,849.43. The Nifty 50 index lost 120.25 points or 0.51% to 24,032.15.
Shiprocket lifts off: The fire that fuels the new logistics engine
Shiprockets strong stock market debut reflects surging investor confidence in Indias tech-driven e-commerce infrastructure. As rapid D2C expansion, SMB digitization, and quick commerce transform Tier-2 and Tier-3 markets, Shiprockets neutral API aggregation model unifies a fragmented logistics ecosystem. Beyond core shipping aggregation, the platform's long-term growth is powered by expanding merchant fulfillment, payments, and checkout workflows.
Behari Lal Engineering shares rally 14% after stellar debut. What are brokerages saying?
Behari Lal Engineering shares surged 14% after making a strong market debut, listing at a 63% premium to the IPO price. Brokerages remain positive, citing strong investor appetite and reasonable valuations, though they advise investors to book partial profits after the sharp listing gains. Heres what SBI Securities and Swastika Investmart recommend on the stock.
Why School Infrastructure Matters More Than Ever
New Delhi [India], August 19: When parents choose a school, they often look at the curriculum, teachers, and academic results. While these are undoubtedly important, one aspect that deserves equal attention is the school's infrastructure. A well-designed campus is not just about impressive buildings--it is about creating an environment where children feel safe, inspired, and motivated to learn every single day. The spaces children spend time in shape the way they think, interact, and grow.
BlackRock, Capital Group anchor IDFC FIRST Banks maiden $500 million global bond
IDFC FIRST Bank raised $500 million through its maiden international bond issuance, marking its entry into global debt markets. The three-year senior notes, due in 2029, carry a 5.625% coupon and attracted major investors including BlackRock, Capital Group and AllianceBernstein. The fundraising diversifies the banks funding base and supports its long-term growth ambitions.
Indian Bank raises $400 million for four years
Indian Bank raised $400 million through a four-year overseas funding programme via its GIFT City branch, joining Indian lenders tapping global debt markets. Banks are accelerating dollar bond issuances following regulatory changes to the concessional swap window for FCNR deposits. Axis, ICICI, Federal, IDFC First, Kotak Mahindra and Yes Bank are also active.
CtrlS raises 250 cr from entrepenuers Nikhil Kamath, Sreeram Reddy Vanga
The capital will support CtrlS's infrastructure expansion and capacity build-out to meet growing enterprise and hyperscaler demand across India
Mihir Rale appointed chair, Dibyajyoti Das co-chair of IAMAI Legal Tech Committee
Mihir Rale and Dibyajyoti Das will lead IAMAI's Legal Tech Committee. This committee fosters collaboration among legal professionals and tech providers. It aims to simplify regulations for India's evolving digital economy. The group will address overlapping laws and compliance challenges. Their work supports innovation while protecting consumers and managing risks.
Sabse bada rupaiya: India prints 3x more notes than the US, 6x more than Europe
India's rupee banknotes in circulation significantly outnumber US dollar and Euro notes. The Reserve Bank of India reports 176 billion rupee notes are currently in use. This volume is driven by a preference for lower-denomination notes and a Clean Note Policy. Physical currency circulation expands at double-digit rates annually, despite digital payment growth. This expansion presents forecasting challenges for the central bank's production planning.
Bharat Coking Coal directed to stop blasting operations at New Akashkinaree Colliery
By Directorate General of Mines Safety
Siguler Guff raises $500 mn to target India's mid-market companies
Siguler Guff has raised a $500 million fund to deepen investments in Indias mid-market, founder- and family-owned businesses. It will target consumer, healthcare, financial services and tech, with recent bets including La Renon, Trimex Foods, Rajasthan Royals and Valliance.ai.
Key benchmarks trade near the day's low; Europe opens lower as bond yields spike
The domestic equity benchmarks traded near the day's low in afternoon trade, weighed down by weak global cues. Renewed strength in crude oil prices and a sharp rise in global bond yields dampened investor sentiment. The Nifty traded below the 24,050 level. Healthcare, chemicals and cement stocks declined while only IT shares managed to trade in the green.
Fabrinet stock plunges 19%: Why investors are selling after Q4 beat
Tiger Global-backed broking firm Upstox said to plan India IPO
Upstox is currently in talks with investment banks regarding a possible initial public offering. Backed by Tiger Global, the company plans to hire advisers shortly for the imminent listing. This IPO could potentially generate approximately $400 million from both new and existing investors. Following Groww's impactful IPO last year, Upstox reached unicorn status in 2021 subsequent to a significant funding round.
Explained: India's $8.7 billion medical tourism industry, and where it's headed by 2030
India's medical tourism sector drew over five lakh foreign patients in 2025 alone, and the government projects the market will nearly double to $16.2 billion by 2030. From new AYUSH visas to planned Regional Medical Hubs, here's an explainer on how the sector is being built up.
ITI rises as 44-acre Bengaluru land parcel put up for Rs 1,685 crore e-auction
ITI rose 1.95% to Rs 285.40 after the company said the National Land Monetization Corporation (NLMC) has invited bids for the e-auction of its 44.03-acre land parcel at Krishnarajapuram, Bengaluru, at a reserve price of Rs 1,685.40 crore.
Welspun Corp Ltd soars 2.49%, rises for third straight session
Welspun Corp Ltd is quoting at Rs 1964.9, up 2.49% on the day as on 12:49 IST on the NSE. The stock is up 125.15% in last one year as compared to a 3.99% gain in NIFTY and a 36.64% gain in the Nifty Metal index.
Government Clears Minda Instruments to Manufacture Display Modules Under ECMS
New Delhi [India], August 19: Minda Instruments Limited, a wholly owned subsidiary of Minda Corporation and part of the Spark Minda Group, has received government approval to manufacture Display Module Sub-Assemblies, a component the country has largely imported until now. The clearance came under the Electronics Components Manufacturing Scheme (ECMS), part of a batch of 31 new proposals the Ministry of Electronics and Information Technology approved on August 17, taking the scheme's total to 106 projects. TXB Optics received the same approval in the same round, for the same component.
