The Economic Times

Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000 crore. The company has appointed ICICI Securities and SBI Capital Markets as advisers and has been meeting institutional investors ahead of the potential share sale.

In a strategic move, Allcargo Logistics plans to raise its blue-collar workforce by twenty percent. This decision aims to strengthen its express distribution and consultative logistics services ahead of the festive season, which is expected to bring about a notable increase in demand. To support this growth, the company will also implement a new incentive program for all its operational units.

Mold-Tek Packagings board has approved a 1:1 bonus issue and recommended a final dividend of Rs 3 per share for FY26. Under the proposal, shareholders will receive one bonus share of Rs 5 face value for every share held. The company will announce the record date later, while the dividend will be declared at its annual general meeting.

Indian companies are increasingly using mergers and acquisitions to accelerate growth. Deal volumes have more than doubled since fiscal 2017, reflecting this trend. Many companies are acquiring technology and talent through strategic acquisitions. Successful deals expanded scale and improved margins after synergies kicked in. Integration challenges and regulatory delays remain key risks for some acquisitions.

While the Nifty Midcap 150 continues to trade near record levels, several individual midcap stocks have seen sharp declines from their 52-week highs. An analysis of ACE Equity data highlights 14 midcap stocks that have fallen between 30% and 55%, revealing the weakness beneath the index-level resilience.

Jefferies has raised its target prices for Hindustan Zinc and Hindalco Industries, but prefers the former, retaining a Buy rating versus Hold on Hindalco. The brokerage expects stronger zinc and silver prices to boost Hindustan Zincs earnings, while softer aluminium prices and higher debt could weigh on Hindalcos performance.

India's stock exchange has seen options turnover plummet to its lowest in a year, a direct consequence of newly enforced trading regulations and the adoption of a closing auction system. Cash equities trading has also dipped, marking its lowest since November. This downturn poses a significant challenge for the upcoming initial public offering by the NSE, as traders recalibrate their strategies to align with the modified auction process.

Meghan and Harry's return to Britain sparks intense media interest and polarized opinions. Reports of Meghan's potential acting role illustrate their brand's appeal and challenges. The couple previously cited media scrutiny as a reason for leaving royal duties. Their commercial ventures have faced setbacks, impacting their public image. Experts suggest a return to Britain could refresh Meghan's brand with a new narrative.

India and Seychelles agreed to deepen cooperation in fisheries and the blue economy. They will focus on sustainable marine resource management and scientific research. Both nations aim to foster economic growth and rural employment opportunities. They will explore joint development in aquaculture and tuna fisheries optimisation. This collaboration seeks to enhance food security and maritime prosperity.

A catastrophic flash flood has hit Nepal, sweeping away entire villages and vital infrastructure. Authorities are expressing grave concerns about potential casualties and are strongly advising locals to move to higher altitudes without delay. Rescue operations involving police and military personnel are underway to assist affected families. Those residing near the Bhote Koshi river are specifically cautioned to stay alert and prepared for any further developments.

After declaring at 503/9, India successfully bowled Sri Lanka out for 290, leading to a 213-run deficit for the visitors. Notably, Sonal Dinusha's remarkable century gave Sri Lanka a glimmer of hope. As India nears an innings victory, they only need ten more wickets, while Sri Lanka has a strenuous challenge ahead to evade defeat on the final day.

India's rice exports to key markets saw value and volume increases recently. The Bharat International Rice Conference aims to boost these exports further. This event will focus on showcasing Indian rice varieties for diverse international cuisines. Chefs and consumers will engage with Indian rice through various culinary activities. The strategy shifts from volume to application-led diversification for sustained demand.

ChatGPT Raksha Bandhan Photo Editing Prompts 2026: Celebrate Raksha Bandhan on Friday, August 28, 2026, a day dedicated to the cherished bond between brothers and sisters. This article showcases eight creative ChatGPT prompts designed to inspire stunning images that capture both traditional and modern celebrations, including the heartfelt connections shared by siblings separated by distance. These prompts aim to generate photorealistic visuals suitable for various media.

A Ukrainian commander rescued two wounded soldiers stranded on a battlefield. He drove into a mine-filled kill zone without protective gear. A Russian drone had immobilised their evacuation land drone, leaving them exposed. The commander's bravery earned him Ukraine's highest military honor. President Volodymyr Zelenskyy presented the award during Independence Day celebrations.

29-year-old woman's 4-step retirement plan: Sneha Rajguru retired from corporate life at 29 and, with her father, built a farm stay focused on permaculture, fruit cultivation, home-grown food and well-being. Her Instagram video explaining her four-step approach has crossed 4 lakh views and inspired many people online.

Gujarats reported decision to extend port concessions has removed a key overhang for Adani Ports and Gujarat Pipavav. While Pipavav stands to benefit more immediately as its concession expires in 2028, Adani Ports gains longer-term visibility for its Gujarat assets. Brokerages, however, see a sharper valuation risk for Pipavav.

Non-Resident Indians utilize NRE accounts to facilitate smooth transfer of their overseas income. For income earned within India, they commonly rely on NRO accounts. Many opt to hold both types of accounts to distinctly manage their finances. This distinction enhances clarity and simplifies record-keeping across various income sources, allowing NRIs to streamline their banking experiences effectively.

Sidbi achieved a record net profit of Rs 5,493 crore in FY26. Its balance sheet and asset base saw significant growth during the financial year. Loans and advances increased by seventeen percent, reflecting strong business expansion. The bank maintained stable asset quality with a low gross NPA ratio. Sidbi also approved a twenty percent dividend for its shareholders for FY25.

Welspun Corp shares fell sharply on Wednesday after 63 lakh shares worth Rs 1,433 crore changed hands in a block deal. Promoter group entity Welspun Investments and Commercials and CEO Vipul Mathur were likely sellers. The transaction represented about 2.4% of the companys outstanding shares and came after a sharp rally.

Cyient shares jumped 8% after the IT services company outlined its growth and margin roadmap at its investor day. Management is targeting double-digit revenue growth and EBIT margins above 15% in the near term, while brokerages remained divided on the pace of recovery. Motilal Oswal retained its Sell rating, while Nuvama and PL Capital maintained Hold ratings with higher target prices.

Motilal Oswal has reiterated its Buy rating on Vedanta Aluminium Metal with a target price of Rs 540, implying 21% upside. The brokerage expects EBITDA to grow at an 18% CAGR through FY26-28, supported by higher volumes, cost efficiencies, greater value-added production and favourable aluminium market dynamics.

Purple Style Labs, the parent company of Pernias Pop-Up Studio, has set its IPO price band at Rs 546-575 per share. The Rs 680-crore issue will open on August 31 and close on September 2. The luxury fashion platform plans to use proceeds for retail expansion, marketing and corporate purposes.

MTAR Technologies shares gained 3% after the company secured a Rs 127 crore order from Nuclear Power Corporation of India for coolant channel assemblies used in reactor refurbishment. The order takes its civil nuclear order book above Rs 775 crore, while the company expects 80% revenue growth in FY27 and sees further opportunities from reactor refurbishment and new nuclear projects.

The Hy-Tech Engineers IPO entered its third day of bidding on August 26, with the issue subscribed 19.33 times by the end of Day 2. Retail investors led the demand, while the IPOs grey market premium of Rs 30 indicated a potential 57% listing premium. Anand Rathi Research has assigned a Subscribe - Long Term rating to the issue, citing the companys growth prospects and reasonable valuation.

On Wednesday, Indian stock markets rallied, buoyed by a decrease in oil prices and renewed optimism surrounding the reopening of the Strait of Hormuz, following a resumption of talks with Iran. Both the Sensex and Nifty indices showed positive momentum, with broader market metrics also trending upward, reflecting a hopeful sentiment among investors amid the fluctuating oil landscape.

Avaada Electro Ltd is making waves in the financial market by submitting updated draft papers for a massive Rs 7,600 crore initial public offering. This IPO features a fresh equity share issuance alongside an offer for sale. The proceeds aim to address loan repayments and support general corporate functions while facilitating the company's ambitious capacity expansion and product innovations.

HEG shares will be in focus after the company fixed September 7 as the record date for its demerger, which will create two separately listed entities focused on graphite electrodes and advanced materials. The demerger ratio has been fixed at 1:1, with existing shareholders set to receive one share in the spun-off company for every HEG share held.

Mopshop Distributions Rs 27.26-crore IPO was subscribed 1.59 times overall and 2.91 times in the retail category

Domestic institutional investors remain key participants in Indias equity market, with significant exposure to some of the countrys largest listed companies.

World-renowned country music legend Dolly Parton has sadly passed away at the age of 80 after a courageous fight with cancer and various health complications. Rising from a modest upbringing, she became a symbol of success in the music industry, captivating audiences for over sixty years. Parton's incredible legacy is defined by her unforgettable songs and meaningful performances that touched millions worldwide.

Indian economic growth slowed to 7.1 percent in the April-June quarter. Consumer spending and government expenditure supported this growth while private investment remained subdued. Rising crude oil prices pose risks to the economy and could strain household budgets. Economists forecast growth to lose momentum in coming quarters. The Reserve Bank of India is predicted to keep interest rates unchanged for six months.

Billionbrains Garage Ventures, the parent company of Groww, will be in focus as early investor Ribbit Capital plans to sell a 1.6% stake through a block deal worth Rs 1,914 crore. The shares are being offered at Rs 195 apiece, a 4% discount to the previous close.

Mike Mazzei secured the Republican nomination for Oklahoma governor. President Donald Trump's social media attacks boosted Mazzei's campaign significantly. Mazzei will now face Democratic nominee Cyndi Munson in November. The race saw substantial spending on television and digital advertising. Mazzei, a businessman, previously served twelve years in the state Senate.

The United States is discussing additional trade penalties against Canada. This follows Canada's dollar-for-dollar retaliation to new US tariffs imposed on Saturday. Escalation could include higher tariffs and other trade actions, according to a White House official. The prospect of a spiraling trade war between the two nations is underscored. Both sides blame each other for intransigence and unfair treatment in the dispute.

HNIs holdings in NSE-listed stocks surged 22.55% QoQ to a record Rs 9.92 lakh crore by June-end, adding Rs 1.83 lakh crore in three months. Their share of market value rose to 2.12%, the highest since March 2022. However, average ownership by volume fell to 7.19% from 7.31%, suggesting the rise was driven largely by stock price gains and greater exposure to high-value companies rather than fresh buying.

The Annu Projects IPO entered its second day of bidding on August 26, with the issue subscribed by 34% on Day 1. With the grey market premium (GMP) currently at zero, the IPO could see a flat listing based on prevailing grey-market trends. The IPO is priced at 94-99 per share and closes on August 28. Heres a look at its subscription status, financial performance, IPO objectives and whether investors should subscribe.

Hindustan Coppers government OFS drew strong institutional demand, with the non-retail portion subscribed 3.41 times on Tuesday. The Centre exercised the full greenshoe option, taking the potential stake sale to 6%, while retail investors can bid on Wednesday at a floor price of Rs 514 per share. The companys strong Q1 performance and plans to expand mining capacity also remain in focus.

The OFS opened for non-retail investors on August 4, and saw strong participation. It now opens for retail investors today. Investors can participate between 9.15 am and 3.30 pm using the separate OFS window on NSE and BSE. A minimum of 10% of the offer size has been reserved for retail investors.

Gross foreign direct investment into India saw a significant rise in June. Net FDI also increased substantially, recovering from a previous month's outflow. Outward FDI, however, continued its downward trend for the past two months. Financial, insurance, and business services were key sectors for outward investments. Manufacturing and trade sectors also witnessed outward FDI activity.