The Economic Times

Delhivery reported a 65% year-on-year decline in Q1 FY27 net profit to Rs 31.9 crore, despite a 28% rise in revenue to Rs 2,930.7 crore. EBITDA fell 4% as higher labour, fuel and operating costs weighed on margins. The logistics company expects pricing revisions and revenue growth to offset cost pressures.

Under the draft directions, a branch of a G-SIB operating in India will be required to maintain a minimum leverage ratio of 3.5 per cent, along with the leverage ratio buffer applicable to the parent global bank, including any additional buffer prescribed by its home regulator.

Quote of the day by Arnold Schwarzenegger: Arnold Schwarzeneggers iconic quote emphasizes that failure is not an endpoint, but an essential mechanism for personal transformation and strength. Drawing a direct parallel to resistance training in bodybuilding, where muscles must be strained to structural failure before they can rebuild stronger, Schwarzenegger argues that human character requires similar friction. Without encountering limits, individuals remain unaware of their true capabilities an

Billionaire Michael Moritz and his wife, artist Harriet Heyman, are offering up to $150 million through their Crankstart foundation to find bold ideas that could improve life in San Francisco. Their global Boundless San Francisco competition is seeking solutions to challenges including the citys housing affordability crisis, homelessness, public safety, transportation and post-pandemic economic decline. Up to three winning organisations could receive as much as $50 million each to turn their ide

An ADNOC vessel faced a missile attack while sailing through the Strait of Hormuz. The incident occurred early Saturday morning, August 8, with no reported injuries. The company confirmed the situation has been brought under control by authorities. Official sources are the only recommended places for information. Rumors and unverified details should be avoided by the public.

Indian batter Jemimah Rodrigues has been ruled out of The Hundred due to a hamstring injury. She was a key performer for Southern Brave, scoring 143 runs in six matches. Her absence is a significant blow as the competition enters its decisive phase. Australian allrounder Charli Knott has been signed as her replacement. This withdrawal also raises concerns for India's upcoming Asia Cup campaign.

Delhi's IT minister announced a new drone policy aiming to create over one thousand jobs. This comprehensive policy will focus on research clusters and flight testing facilities. It also plans to utilise drones for traffic management and surveillance purposes. The government will allocate a separate budget for infrastructure and implementation.

Iran has unveiled footage of what it claims is the wreckage of US and Israeli drones, demonstrating its air defense capabilities. However, these assertions regarding the downed drones remain unverified by independent sources. The drones featured, the US MQ-9 Reaper and Israeli Hermes 900, are both sophisticated surveillance systems, further emphasizing Iran's strategic military posturing amid ongoing regional tensions.

Apollo Micro Systems reported a 43% year-on-year rise in Q1 FY27 net profit to Rs 25.2 crore, while revenue surged 88% to Rs 251.3 crore. EBITDA rose 18% to Rs 48 crore, though margins moderated. The defence company said its best-ever first-quarter performance reflects strong execution and continued sector demand.

Jharkhand government held talks with protesting aspirants over alleged exam paper leaks. The government panel met with various factions of students demanding reforms. Protesters decided their stir would continue until all demands are met. Students seek cancellation of the 14th JPSC Civil Services Examination. The agitation entered its fifteenth day with no resolution reached.

Non-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June 2026, outpacing overall retail loan growth. Housing and vehicle loans also displayed robust credit growth during this period. The Reserve Bank of India strengthened regulations for gold and silver collateral loans. Credit to industry and services sectors experienced a moderation in growth.

In a significant move, AGS Health, operating under Blackstone, has filed revised draft documents for its upcoming IPO in India, which is projected at 48 billion rupees. This offering features a new share release, as Blackstone aims to divest shares worth 30 billion rupees. Notably, AGS Health, known for its revenue cycle management services for U.S. hospitals, achieved a profit of 2.07 billion rupees last fiscal year.

Union Minister Amit Shah encouraged urban cooperative banks to view the RBI's support positively. He highlighted the central bank's proactive assistance to the sector recently. Shah also emphasized the safety of small borrowers for lenders. The National Urban Cooperative Finance and Development Corporation will relocate its head office. This move aims to strengthen the cooperative banking sector across key states.

BSEs derivatives activity fell sharply in the first week of the Closing Auction Session, but higher premiums more than offset the decline in contracts. Premium per contract surged 74.8%, lifting average daily premium turnover 21.3% and pushing BSEs market share to 37.1%, according to Nuvama Institutional Equities.

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit for the June quarter.

An investigation team probing alleged donation embezzlement at the Ayodhya Ram temple has completed its inquiry. The chargesheet is expected to be filed in court by the end of next month. A special investigating team, headed by IGP Kiran S, is coordinating the police investigation. Previously, the SIT had raised serious questions regarding a former trust member's role.

Police chiefs from seven western states met to devise a joint strategy. They finalized security arrangements for the 2028 Ujjain Simhastha Fair. Real-time intelligence sharing and synchronized anti-narcotics operations were resolved. Discussions also covered cybercrime and the use of modern policing technology. Future meetings will be held in Goa to continue these efforts.

Investor Mukul Mahavir Agrawals portfolio rose 12% to around Rs 7,720 crore by June 2026. Several holdings delivered strong CY26 gains, led by Apollo Pipes, Hind Rectifiers and KRN Heat Exchanger. The portfolio also saw a new addition, Arisinfra Solutions, highlighting Agrawals continued focus on high-growth stocks.

Five high-dividend-yield stocks include Vedanta, Gujarat Pipavav Port, Castrol India, TCS and Infosys. As of July 29, 2026, Vedanta topped the list with a 12.9% yield, followed by Gujarat Pipavav Port at 6.9%. Investors should consider fundamentals, valuation, sustainability of dividends and risks alongside dividend yield.

Molbio Diagnostics has successfully attracted Rs 281.5 crore from anchor investors ahead of its much-anticipated initial public offering. The company aims to raise between Rs 904 crore and Rs 940 crore through this public issue, with funds earmarked for infrastructure improvements and new equipment for manufacturing facilities. Additionally, current shareholders will participate by selling portions of their stakes. The company

Natural gas prices remain subdued despite Middle East tensions, as abundant U.S. production, rising LNG supplies and healthy inventories outweigh geopolitical concerns. Weather-driven demand has also weakened following the winter rally. While near-term prices may remain rangebound, growing LNG exports, Asian demand, power generation and natural gas

Fifteen BSE 500 stocks posted gains in each of the five sessions from August 3 to 7. Apar Industries led with a 16% five-day gain, followed by Welspun Corp and Authum Investment.

Jharkhand government officials met with protesting job aspirants on Saturday. The meeting occurred as Devendra Nath Mahto's fast entered its seventh day. Protesters demand cancellation of the 14th Jharkhand PSC Civil Services Examination. They also seek an independent probe into alleged irregularities. Massive protests have occurred in Ranchi over the past two weeks.

South Africa marks seventy years since the 1956 Women's March against apartheid laws. Many women still face significant gender-based violence and economic inequality today. The Women's Jail, now a museum, honors activists who fought against oppression. Paralympic champion Kgothatso Montjane acknowledges the paved path for current generations. The past's lessons guide South Africa's ongoing journey toward true freedom and equality.

Proposed US sanctions legislation makes India's trade deal with the United States more critical. Any disruption to crude supplies could raise India's import bill significantly. This situation may pressure the Indian rupee and impact the current account deficit. India will need to assess crude imports depending on ongoing US negotiations. The outcome of these talks will determine India's future energy import strategies.

Gujarat is studying Maharashtras legal and technology reforms as it prepares to amend its public trust law and improve oversight of charitable institutions.The state has around 1 lakh dormant, defunct or inactive trusts that are no longer carrying out their stated charitable activities.

Cricketer Rishabh Pant has reached out to the Chief Minister of Uttarakhand for his help in securing land to build his first home in his home state. After three years of seeking suitable property, Pant aims to settle down and contribute to the development of Uttarakhand. He emphasized his desire to purchase the land at government rates, demonstrating his commitment to his roots.

2026 Independence Day: Businesses established by Partition refugees have become integral to Delhi's identity. Moti Mahal restaurant began its journey in Peshawar before relocating to Daryaganj. Bahrisons Booksellers started in Khan Market with a small collection of books. Frontier Biscuits originated in Hoti Mardan and later opened in Sadar Bazar. These enterprises showcase resilience and the ability to rebuild livelihoods.

A WhatsApp message initiated the CBI's investigation into the NEET-UG 2026 paper leak. Investigators used app logs and a WhatsApp group to track students and identify question setters. Chemistry professor PV Kulkarni allegedly shared questions after memorizing them from NTA preparations. Physics paper was leaked separately by another NTA panel member for a fee. Leaked papers were transported to Rajasthan and circulated as mock tests by coaching centers.

Indias MTF book has surged nearly five-fold to over Rs 1.3 lakh crore, reflecting rising retail participation and deeper cash-market activity. Unlike leverage-driven volatility overseas, Indias regulatory safeguards, margin requirements, position limits and broker-level controls keep leverage collateralised and dispersed. These measures reduce systemic risks and support market resilience.

Dhoot Transmission has raised Rs 918 crore from 72 anchor investors ahead of its Rs 3,067-crore IPO, with domestic mutual funds accounting for 61.27% of the anchor allocation. The company will use the proceeds to repay debt, fund expansion and pursue acquisitions.

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LIC increased its holdings in several major stocks during Q1FY27, with Bharti Airtel, Maruti Suzuki and ITC among the biggest buys, based on Prime Database data.

A private bus overturned and fell onto a lower road in Chamba district, killing seven passengers. Eleven others sustained injuries in the accident which occurred near Chalunj Mor on Saturday morning. Locals immediately rushed to assist and informed the police about the developing situation. Rescue operations are currently underway with multiple agencies involved in the search.

Ashish Yadav secured a silver medal in the men's javelin throw event. His throw of 74.09 meters opened India's medal account at the championships. T Dharanidharan finished sixth with a throw of 72.35 meters. South Africa's Jan-Hendrik Heymans claimed the gold medal with a throw of 80.50 meters. Yadav became the second Indian to win silver in this event.

Cricketer Rishabh Pant has appealed to the Uttarakhand Chief Minister for assistance in acquiring land. Aspiring to shift from Delhi to his native state, Pant has faced three years of challenges in securing land. He plans to construct his first home and contribute positively to Uttarakhands progress, indicating a readiness to buy government land at prescribed rates.

Bay leaves have taken social media by storm as users add them to their phone cases, believing it brings fortune and positivity. Drawing inspiration from ancient Greek and Roman cultures where bay leaves symbolized success, this practice is thought to attract good vibes and ward off negativity. It's important to position the leaf carefully, keeping it away from phone parts, though scientific research does not validate these beliefs.

Kanwar camps in Meerut are providing a wide variety of food options for devotees. These camps are mixing traditional dishes with modern cuisine, all prepared without onion and garlic. Some camps are utilizing machines for food preparation and have declared themselves plastic-free. District authorities are continuously inspecting these private camps to ensure quality and hygiene standards. The UP government stated that full-day meal schedules are arranged for all kanwariyas.

Jammu and Kashmir Police conducted raids across five districts on Saturday. These searches targeted suspected terror-related activities and radicalization networks. Officials seized electronic devices and other incriminating material during the operation. The investigation is proceeding based on a registered FIR at CIK, Srinagar. Recovered items will undergo forensic examination for further analysis.

Rains persist across Kerala, prolonging waterlogging and inundation in many districts. Moderate rainfall is forecast for isolated places in seven northern and southern districts. An orange alert has been issued for several districts, indicating very heavy rainfall is expected. Holidays were declared for educational institutions in eight districts as a precautionary measure.

Foreign investors returned to Indian equities in July, but their buying reflected selective, defensive positioning. Consumer services, healthcare and consumer durables attracted Rs 25,298 crore, while capital goods, telecom and automobiles faced heavy selling. The shift highlights stronger preference for domestic consumption, healthcare and discretionary growth over capital expenditure-driven sectors.

Titan Company has shown impressive growth, reporting a staggering 63% increase in profit, largely driven by a surge in demand for jewellery during the Akshaya Tritiya festival. The consolidated income jumped by 40%, reaching around Rs 20,753 crore. Notably, jewellery sales, excluding bullion, rose by 43% to Rs 18,253 crore, while the watches and EyeCare segments also saw significant revenue boosts.

Ola Electric faced a significant downturn in its June quarter operations, reporting a steep forty-five percent decline in revenue compared to last year. The company earned four hundred fifty-five crore rupees in the first quarter, with vehicle registrations also dropping as compared to the previous year. Despite this, Ola's net loss displayed a slight improvement, narrowing by about twenty-one point five percent year-on-year, with overall unit deliveries also decreasing.

The United Nations voiced concerns regarding the security situation in Pakistan-occupied Kashmir. UN officials emphasized the need for accountability for actions against peaceful protesters. The High Commissioner for Human Rights urged investigations into protester deaths and bans. Restrictions on internet access and public gatherings were also highlighted as violations. Authorities were urged to ensure internet access and engage in inclusive political dialogue.

Hindalco Industries achieved record profit and sales in the June quarter, driven by soaring aluminium prices and a rebound at Novelis. The company is now focused on executing ongoing projects valued at fifty thousand crore rupees while exploring further investments for future growth. Aluminium prices are projected to stay robust, despite a slight sequential dip.

As we approach Independence Day 2026, it's a chance to write about the journey of freedom in contemporary India. Students can create essays and speech ideas about the legacy of our freedom fighters, reflecting a deeper appreciation for the struggles that led to our current freedom. Engaging discussions will also focus on India's remarkable milestones since independence, highlighting the essential role of young voices in crafting a vibrant and hopeful future.