The Economic Times

In a recent ruling, the Delhi High Court dismissed a plea aimed at contesting the closure of Visakhapatnam Airport, instructing the petitioner to approach the Andhra Pradesh High Court for resolution. Visakhapatnam Airport ceased scheduled commercial flights on August 16, paving the way for the upcoming Bhogapuram airport's opening. Furthermore, there is an existing Public Interest Litigation concerning this closure awaiting deliberation there.

Quote of the Day by Jim Morrison: Jim Morrisons quote, Some of the worst mistakes in my life were haircuts, humorously reflects on the small regrets and mistakes we sometimes make in life. The quote suggests that even seemingly simple choices, such as changing our hairstyle, can occasionally lead to unexpected disappointment. With its playful tone, the quote also reminds us not to take every mistake too seriously and to find humor in the experiences we may later look back on with regret.

Ingrams Branch in Delaware has reached an important water-quality milestone. The 7.6-mile stream segment was once impaired by excess phosphorus. Delaware listed the Broadkill River watershed for nutrient problems in 2006. Years of conservation work followed across nearby farmland. Cover crops, nutrient planning and other best management practices helped reduce nutrient runoff. By 2024, phosphorus levels had fallen below Delawares state threshold, allowing the impairment to be removed.

A high-security breach occurred at the Madras Regiment armoury in Secunderabad Cantonment. Twelve sophisticated firearms and hundreds of ammunition rounds were stolen from the facility. Military authorities have detained four individuals, including civilian and Agniveer staff members. Telangana Police counter-intelligence units are now assisting with the ongoing investigation.

A 2024 study by Florida scientists found that invasive snakes can be detected through traces of DNA left behind in water and soil. The new eDNA testing method could help wildlife officials locate elusive Burmese pythons and other invasive species without having to spot or capture the snakes, potentially improving early detection and conservation efforts.

The Kalenga Agrahara-Tavarekere Metro stretch is set to open soon. This section is part of the larger Pink Line connecting south Bengaluru. Officials are awaiting a date for the inauguration from the Union government. Safety clearances and rolling stock approval are expected shortly. Commuters anticipate improved public transport options for traffic relief.

BSE Ltd. is taking steps to engage traders in order to enhance day-end trading volumes after encountering liquidity challenges. The implementation of a new closing auction system has led to pronounced price fluctuations and diminished options turnover. According to the CEO, market participants are not experiencing the intended benefits. Since the system's rollout in August, BSE's stock has dropped sharply, prompting consideration of minor adjustments to improve efficiency.

Mahanadi Coalfields has filed its DRHP for an IPO comprising an OFS of up to 66.18 crore shares by promoter Coal India. The proposed listing will give investors direct exposure to one of Indias largest non-coking coal producers, backed by substantial reserves and established mining infrastructure.

Indian refiners face disrupted oil shipments from the Middle East. Bharat Petroleum and Indian Oil experienced delayed crude oil deliveries. These disruptions force refiners to seek costly alternative oil supplies. Simultaneously, Russian oil flows are also under pressure. This situation highlights ongoing challenges for India's energy security.

Purnima Lamba has officially stepped into the role of Chief Brand Officer at Mahindra Group, bringing forth a wealth of international expertise in brand development and strategic insight. Her new responsibilities will include guiding the group's corporate branding and communication strategies. Anand Mahindra highighted the necessity of meaningful dialogue in brand management and expressing eagerness for her innovative leadership in defining the group's future narrative.

A parliamentary committee will meet on September 3 to discuss direct tax reforms. The meeting will focus on simplification, rationalization, and ease of compliance. Discussions will also cover the Income-tax Act, 2025, and revenue performance. This session follows a previous cancellation regarding virtual digital assets. Representatives from the Ministry of Finance will attend the important deliberations.

Kuki MLAs Kimneo Haokip Hangshing and Haokholet Kipgen attended the Manipur Assembly session in Imphal on Wednesday for the first time since ethnic violence erupted in May 2023. Their attendance came despite a Kuki Inpi Manipur directive against travelling to Imphal. Manipur currently has nine Kuki, Zomi and Hmar MLAs.

Nepal seeks climate compensation from worlds biggest emitters of greenhouse gases. Deadly floods killed over a thousand people and left many missing. The nation demands justice for climate-related losses and damages. Nepal is pressing wealthier nations for climate funding ahead of a UN summit. This push highlights the global debate over disaster costs.

In 1998, saltwater toadfish participated in the Columbia's Neurolab mission, offering insights into the effects of microgravity on the nervous system. Their inner ear adaptations revealed how their vestibular system modified its sensitivity in the absence of gravity. Upon returning to Earth, the adjustments mirrored the disorientation experienced by astronauts, further enhancing our understanding of balance and safety in space exploration.

African proverb of the day: This African proverb highlights how stories often favour the tellers viewpoint. The hunters tale can overshadow the lions experience when the lion has no historian to tell its side of the story. It shows how history can be shaped by those who record and share it. Listening to diverse voices is crucial for gaining a fuller understanding of events, while considering missing perspectives can offer a more balanced view of reality.

This year, a well-known Kolkata Janmashtami celebration is undergoing a noteworthy organizational change. The event, which has historically embraced multicultural involvement, will now be exclusively managed by Hindu members. This decision comes in light of comments made by a local BJP representative regarding religious festivities. The Muslim community has been a vital part of this celebration for many years, marking its significance in the 58th iteration.

Small finance banks anticipate improved asset quality by March 2027. Gross non-performing assets are projected to decline significantly from current levels. This improvement stems from microfinance portfolio recovery and non-microfinance growth. Tighter underwriting practices have strengthened borrower selection in microfinance portfolios. The non-microfinance segment now forms a larger share of total advances.

SBI General Insurance will not chase fire insurance business at unsustainable prices. The company aims to improve profitability and maintain a healthy expense of management ratio. Health insurance penetration is a key focus, leveraging SBI's extensive branch network. Addressing mis-selling requires suitability, transparency, convenience, and fairness for customers. SBI General Insurance is considering a potential public listing in the future.

IFFCO-TOKIO General Insurance Company has appointed Tatsuya Fujimoto as its new Managing Director and Chief Executive Officer, replacing Subrata Mondal. Fujimoto previously served as Director (Operations) and Senior Executive Director-Chief Risk Officer. He brings 28 years of experience with Tokio Marine Group across Japan, the US, Malaysia and India.

While the Nifty 50 declined nearly 5% over the past two years and the Nifty Midcap 150 gained around 6%, select midcap stocks delivered exceptional returns. According to ACE Equity data, around 21 midcaps gained over 50%, with nine emerging as multibaggers.

BSE shares fell dropped on Wednesday after the exchange acknowledged that the newly introduced Closing Auction Session (CAS) had contributed to lower trading volumes. Equity derivatives turnover hit multi-month lows in August, while BSEs average daily traded turnover declined 26% month-on-month as traders reduced activity amid heightened expiry-day volatility.

Global bond yields are hitting multi-year highs, with the US 10-year yield nearing 5% amid rising oil prices, inflation fears and concerns over government debt. Indian 10-year yields also crossed 7%, raising concerns about the impact of higher borrowing costs and shifting investor preference on equities.

Yotta Data Services is gearing up for an initial public offering scheduled for early 2027, aiming to secure as much as $1.5 billion to settle debts and enhance their infrastructure. This strategic move taps into the surging demand for AI computing infrastructure seen across India. A noteworthy portion of Yottas clientele comprises global customers, bolstered by a tax holiday that instils confidence among international data center users.

TBZ shares jumped 16% after GRT Jewellers announced plans to acquire the jewellery retailer

BEML shares gained nearly 2% after the company secured a Rs 180.60 crore order from Integral Coach Factory for manufacturing and supplying Vande Bharat sleeper trainsets. The order adds to BEML

Swiggy shares fell sharply on Wednesday, extending their two-session decline to 6% and erasing nearly Rs 5,000 crore in market value. The stock faces potential foreign outflows after entering the NSDL red-flag list and possible exclusion from MSCI and FTSE indices. Jefferies, however, retains a Buy rating with a Rs 435 target.

Hero MotoCorp shares fell after August dispatch data showed year-on-year declines in motorcycle and export volumes, despite strong scooter sales keeping overall dispatches positive. The stock

HDFC Bank shares remain under pressure, falling nearly 30% so far this year as investors assess the lenders CEO succession process. Technical analysts see a weak trend, with key support around Rs 710 and resistance near Rs 750-780, while Jefferies has identified several potential internal and external candidates for the top job.

Kwality Walls shares dropped on Wednesday as Reliance Consumer Products entered India

Young people in Latin America are participating in real-world aura battles. These events involve creative dancing and performances for audience recognition. The trend, originating online, has moved offline and gained popularity. Competitions are occurring in various cities across South America and Spain. Some officials have raised concerns, while others embrace the phenomenon.

Chinese President Xi Jinpings Egypt visit is deepening Beijings ties with a key US ally while advancing Chinas bid for greater Middle East influence. The three-day trip highlights expanding economic, diplomatic and strategic cooperation, including Belt and Road projects and Suez Canal access, as regional tensions reshape longstanding geopolitical alignments.

Rescue teams continued searching debris-strewn areas along the Nepal-China border for thousands missing after catastrophic Himalayan floods killed more than 1,000 people. Nepal reported 1,003 deaths and 3,916 missing, while China recorded 16 deaths and 546 missing.

Five Tamil Nadu pilgrims stranded in Nepal after devastating flash floods returned safely to Chennai on Tuesday, with state minister D Sarathkumar receiving them at the airport. The MEA said 163 Indian nationals had been rescued. Nepals death toll reached 1,050, while nearly 3,916 people remained unaccounted for amid continuing rescue operations.

Nepal's prime minister faces his first major test after a glacial collapse disaster. This catastrophe killed over one thousand people and left thousands more missing. Reconstruction costs are estimated to be in the billions of dollars for the nation. The disaster threatens the prime minister's reform agenda and economic development plans. This event also highlights Nepal's environmental fragility and climate change challenges.

Welspun Corp and Perma-Pipe International Holdings are set to create a joint venture for pipe manufacturing in Jordan with an investment around 1500 crore. This collaboration is designed to tackle key water and energy projects in the Levant region, integrating advanced steel pipe production alongside cutting-edge anti-corrosion coating systems. The facilities will play a crucial role in supporting Jordan's National Water Carrier Project, contributing to the country's water security initiatives.

As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.

Coforge shares have surged ahead, outperforming the IT index with remarkable strength. The company's performance during the June quarter highlighted significant momentum and improved margins, driven by consistent order activity and strategic growth initiatives. With analysts adjusting their expectations and lifting price targets, confidence in revenue growth remains high, bolstered by anticipated continued deal flow and execution capabilities.

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Milky Mist Dairy Food saw strong growth in its June quarter results. The company expects continued momentum through existing capacities and new products. Yogurt and ice cream categories showed significant year-on-year revenue increases. Geographic expansion outside South India is a key future growth driver. Milky Mist plans to focus on protein products and whey extraction.

As ICICI Bank approaches HDFC Bank's Nifty index dominance, the dynamics of the market are changing. HDFC Bank's index weight has dropped considerably this year, while ICICI Bank's influence has grown. At the same time, Reliance Industries has seen its weight fall, increasing the distance between it and ICICI Bank. Still, Reliance proudly holds the title of the largest company in market capitalization.

Despite facing some challenges, Indian benchmark indices closed just above twenty-four thousand. The weight of elevated crude oil prices and geopolitical uncertainties impacted market sentiment. Analysts foresee a trading range for Nifty between twenty-three thousand eight hundred and twenty-four thousand six hundred. On a positive note, both foreign portfolio investors and domestic institutions showed net buying activity on Tuesday.

Indian midcap and smallcap indices are near record highs currently. A few select stocks are driving most of these significant gains. This concentration indicates a selective rally rather than broad market health. Analysts suggest earnings growth and sector rotation are fueling this trend. Investors should focus on balance-sheet strength and selective stock picking.

August saw a significant dip in equity derivatives turnover on the NSE and BSE, reaching multi-month lows. Analysts connect this downturn to the recent implementation of the Closing Auction Session, which has changed the dynamics of trading near market close. Traders are opting to exit their positions sooner to avoid potential pitfalls. The regulator reassures that this session mechanism is now a permanent feature.

A special five-member NCLT bench stayed Subhash Chandra's repayment plan approval. The tribunal also restrained the Essel Group founder from alienating any asset. This new bench stayed a smaller bench's earlier order which had approved the plan. Dissenting creditors had sought protection against the guarantor's asset alienation. The bench directed that the guarantor shall not alienate properties directly or indirectly.

Quote of the day by Epicurus (Author of Lettera sulla felicit): Epicurus' ancient wisdom teaches us to appreciate what we have. He advised against spoiling present joys by constantly desiring what we do not have. Modern desires for wealth and status can create endless dissatisfaction. Focusing on what is truly necessary can lead to a more peaceful and fulfilling life. Appreciating the things we once hoped for but now have can also foster gratitude and contentment.

Quote of the day by Beethoven: Ludwig van Beethoven expressed a powerful belief in the importance of individual merit, valuing talent and hard work over noble lineage. His insight remains relevant today, when comparisons with others are increasingly common. By challenging societal expectations, Beethoven forged his own path as an artist and left a lasting legacy that encourages people to recognise and value their unique abilities, contributions and achievements.

The Revolutionary Guard Corps of Iran issued a statement claiming that US military strikes would exacerbate conditions in the Strait of Hormuz. The US has verified its attacks on IRGC targets in Iran after a string of Iranian assaults on vessels and troops. In retaliation, Iran has initiated a military response employing missiles and drones against US interests, leading to an alarming rise in hostilities around this critical maritime route.

CPP Investments has committed around 2,070 crore ($215 million) to NIIF Infrastructure Fund II, strengthening its partnership with NIIF. The fund will invest in Indias infrastructure sector, focusing on long-term growth themes including urbanisation, digitalisation and the energy transition.