Bengaluru Metro's Purple Line faced another service disruption due to a door malfunction near Cubbon Park Station, just a day after a major technical issue. Commuters experienced repeated door problems, causing delays and heavy crowding at stations. The disruption was caused by a metal chain stuck in the door mechanism.
Sebi has seized Rs 3.68 crore from Copthall Mauritius Investment and Mansi Share and Stock Broking for manipulating trades during the closing auction session on BSE. The entities have been ordered to open fixed deposits and are banned from the securities market and CAS.
India's crude oil import bill increased by 57% to $63.4 billion in the first four months of FY27, despite import volumes remaining steady. This surge was due to the high global crude prices, with the Indian crude basket averaging $82.04 a barrel in July. The net oil and gas import bill also widened to $57.8 billion, while overall import dependence remained high at 80.4%.
RBI Governor Sanjay Malhotra warns of potential policy tightening due to rising inflation expectations and external headwinds. MPC members indicate a possible rate hike in the future. However, they also emphasize the need for caution and close monitoring of growth-inflation dynamics before taking any action.
The Union Cabinet has approved four railway projects and a highway project in Bihar, with a total cost of Rs 9,450 crore. These projects will increase the railway network by 410 km, improve connectivity to tourist destinations, and reduce logistics costs. The highway project will also reduce travel time between Muzaffarpur and Sonbarsa. These decisions align with the government's investment plan.
Meta has launched Muse Glimmer, a 30-billion-parameter AI model that can operate on a laptop or single consumer GPU, eliminating the need for cloud servers. This open-weight model can be downloaded, modified, and used to build applications. CEO Rishi Raj states that this aims to reduce reliance on the cloud and compete with Chinese firms.
Maharashtra, India's leading state in data centres, has signed MoUs worth $300 billion to reach a capacity of 5.7 GW by 2031. This will establish it as the main hub for AI, cloud, cybersecurity, and digital ecosystems. CM Fadnavis stressed the state's goal of creating a reliable digital ecosystem, citing the advantage of a young workforce. The MoUs indicate a long-term commitment.
The government is taking steps to prevent a rise in wheat prices by selling 3 million tonnes under the open market sale scheme. Traders and bulk buyers must register to participate. Surplus stock of 48.74 MT will be used, with a reserve norm of 20.52 MT. Exports may also be allowed to stabilize the market as prices have softened.
The Centre plans to extend VGF and IIPDF schemes till FY31 with modifications to support infrastructure projects, particularly in the social sector. More assistance will be provided to states under the IIPDF Scheme to develop a pipeline of PPP projects. The pipeline includes 852 projects and showcases the government's efforts to use private capital and expertise for development.
MoRTH to use GST payment trails to expose and blacklist contractors engaging in multi-layered subcontracting. Minister Nitin Gadkari warns of strict action to ensure quality construction and deter illicit practices. Tender eligibility linked to performance assessments, international standards for project reports, and focus on developing local.
Ind-Ra forecasts a strong beginning for the pharma sector in FY27, but cautions about margin pressure due to high costs, weak US demand, and stricter regulations. Despite this, the industry saw double-digit growth in the first quarter, driven by chronic therapies, new products, and the anti-diabetic segment.
EY India and SRCC have launched a 12-month training program called 'AI Vibe' for undergraduate students to develop foundational AI skills, including machine learning and data analytics. The program will be evaluated through projects and hackathons and aims to bridge the gap between academic instruction and corporate requirements.
NCLT allows Aviator ML to withdraw insolvency plea against SpiceJet after settlement, imposes penalty of ₹15 lakh on both parties. Seven other insolvency petitions against SpiceJet will be heard afresh. SpiceJet welcomes the order and remains committed to finding solutions with creditors and lessors.
1 lakh crore
India's defence industry is shifting focus to maintenance, repair, and overhaul services for its military fleet, generating recurring revenue for companies like HAL. With a strong order book of Rs 24,000 crore and a push towards indigenous production, HAL is expected to see further growth and reach a projected revenue of Rs. 1 lakh crore.
Tamil Nadu Chief Minister C Joseph Vijay announced support for MLAs with government vehicles and monthly allowances to aid their public service work. Additional measures for the general public include an increase in health insurance limit, new hospitals, cancer care centers, and incentives for dairy farmers.
The DDP has released the sixth PIL, requiring the procurement of 405 important items from domestic manufacturers, worth Rs 3,070 crore. This supports the 'Aatmanirbhar Bharat' initiative, promoting domestic defence manufacturing, investment, and innovation, and reducing reliance on imports. The list includes a variety of platforms and subsystems.
Jefferies has given Swiggy a 'Buy' rating and a target price of Rs 435, indicating a potential 59% increase. The company is going through an ownership change that may change its business model and increase margins. However, there are some risks to consider, such as ownership cap and potential outflows from indices.
Campbell Wilson, former CEO of Air India, is returning to the aviation industry as a director for Air New Zealand. He will join the board on September 24, bringing 30 years of experience. His departure from Air India in 2026 was due to operational challenges and a search for a successor. Air New Zealand has also appointed Tewolde Gebremariam as its new CEO to address similar challenges.
Jefferies has given different ratings to four Indian defence and aerospace companies based on their order-book visibility, execution, and ability to convert defence demand into earnings. Hindustan Aeronautics Ltd. (HAL) has the highest rating with a 16% EPS CAGR expected over FY26-30E, followed by Data Patterns and Bharat Electronics (BEL).
Jefferies, a global brokerage, has chosen to support four consumer finance stocks, including Bajaj Finance, Cholamandalam Investment and Finance Company, Aditya Birla Capital, and Shriram Finance. These lenders are expected to continue growing, with one offering an 18% upside.
Uttar Pradesh is hosting the 'UP-Japan Investment Meet-2026' to strengthen its industrial ties with Japan. The event will feature a CEO Roundtable and highlight sectors like green hydrogen, renewable energy, electric mobility, and digital infrastructure. The state will showcase its industrial facilities, investment policies, and ongoing projects to attract Japanese investors.
Iran mocks Trump's claim of declaring the Strait of Hormuz a US territory, responding with a parody map of the USA labeling California as the "NEW TERRITORY OF ISLAMIC REPUBLIC OF IRAN." Iranian officials criticize Trump's delusion and inability to reopen the strait, with tensions between the two countries escalating. The Strait of Hormuz remains closed and oil prices continue to rise.
CLSA upgrades outlook on Indian IT services, favors four mid-tier companies with potential upside of 30.4%. Cautious on large tech firms due to macro and company-level pressures. Retains ‘High Conviction Outperform’ rating on Coforge and Persistent Systems, and ‘Outperform’ rating on Hexaware and LTIMindtree.
UAE suspends trade ties and financial transactions with Iran due to regional escalations. Ministry of Interior issues alert about potential missile threats, while Ministry of Defense detects two ballistic missiles launched from Iran. Iran denies claims. This comes after the expiration of a 60-day deadline for a memorandum of understanding between the US and Iran.
The government is addressing the increase in sugar prices during the festive season by allowing duty-free imports and monitoring stocks. The industry predicts sufficient supply, but a potential yield shortage may affect prices. They suggest starting sugarcane crushing earlier and seeking financial aid from the government.
Americans' approval of the Trump administration has dropped to a record low of 33% in less than a month, as 80% predict a prolonged US war in Iran and rising prices. Democrats are favored for managing cost of living, and the gap between parties on immigration has shrunk to 1%. But concerns have risen over ICE and Border Patrol's actions, with a doubling in their actions.
A new global ranking has crowned the world's best workcation destinations, judged not by scenery but by Wi-Fi speed, hotel prices, coworking access and walkability. The results reveal which cities actually deliver on the remote-work promise — and prove that a fast connection now matters more than a pretty skyline.
Trump's rejection of extending peace talks with Iran and threat to bomb Oman has caused a surge in oil prices. His aggressive stance and refusal to extend the MoU has escalated tensions and put the US and Iran at odds. Despite promises to end the war and lower oil prices, Trump prioritizes preventing Iran from acquiring nuclear weapons. Gas prices have significantly risen since the conflict began.
President Trump commended India's voter ID system and urged for the passing of the SAVE America Act, which requires proof of citizenship and photo ID to vote in federal elections. The bill has faced backlash for disenfranchising voters. US Ambassador to India also supported Trump's comments. Introduced in January, the bill has faced challenges in the US.
Mark Cuban starts his day at 6:30 am with an hour of emails before he's even out of bed. No meditation, no 4 am wake-ups — just email, a workout, and a strict no-meetings rule that defines how the billionaire actually spends his time.
Jefferies, a global brokerage house, has a ‘Buy’ call on GMR Airports Infrastructure, Max Healthcare Institute, and Aditya Birla Real Estate. The target prices suggest a potential upside of 25% to 35% from current levels. GMR Airports is expected to benefit from traffic recovery and new airports, while Max Healthcare is banking on new beds and capacity expansion.
India’s fighter-engine programme is becoming a major test for the country's defence manufacturing ambitions, with Safran and Rolls-Royce playing key roles. The development also puts three listed defence names in focus: Hindustan Aeronautics, Bharat Electronics and Larsen & Toubro.
Jefferies downgrades BSE stock to 'Underperform' and cuts target price to Rs 2,940 due to concerns over trading volumes, exposure to domestic prop traders, and slower market share gains in options business. Earnings estimates have also been reduced by 5-12%. BSE could potentially increase fees to protect earnings.
US colleges and universities could see as many as 112,000 fewer international students in the 2026-27 academic year. The drop could mean around $3.4 billion in lost revenue and 40,000 fewer jobs across the country, according to new projections from NAFSA: Association of International Educators and JB International.
PM Modi's Independence Day address focused on India's nuclear power plans, with a target of 100 GW capacity by 2047 and 5 new reactors to be operational within 6-7 years. Listed companies like BHEL, MTAR Tech, and Walchandnagar Industries stand to benefit
The Horizon Industrial Parks IPO, valued at Rs 2,600 crore and supported by Blackstone, is now open for subscription until August 19 at a price range of Rs 57-60 per share. While the entire issue is a fresh one, a significant portion of the funds raised will be used to pay off debt.
US Treasury Secretary Scott Bessent has warned that Washington is preparing a new round of sanctions against Iran that he says will be unlike anything seen before.
Burjor Godrej, a second-generation member of the Godrej family, left Germany during World War II with an unfinished PhD thesis on fatty acids and soap chemistry. This led to the creation of Cinthol, one of India's top consumer brands. Despite facing competition, Cinthol continues to evolve and expand into new categories such as body wash, with a strong focus on growth.
Diversification is important for investment portfolios, but over-diversification can dilute quality stocks. Focused mutual funds with 25-30 stocks have higher returns than large-cap funds with 75-80 stocks. Overlap in sectors can lead to dilution and lower returns. A well-balanced portfolio mix should be chosen based on market sentiment, risk profile, and macroeconomic factors.
Guaranteed return life insurance plans provide a secure financial future and protection for loved ones. They offer life coverage, tax-free survival benefits, and higher yields than fixed deposits. Insurers are creating tailored plans for conservative savers and those nearing retirement. These plans prioritize financial security over wealth creation and provide peace of mind.
The demand for AI evaluation services in India has spurred the development of new testing methods to assess performance in Indian languages and real-world scenarios. Companies are now testing AI systems for tasks specific to Indian users, such as understanding regional accents and code-switching between languages.
Mahindra is launching the Scorpio Lifestyler in April 2027 for Rs 19.79 lakh. It aims to overcome the failures of previous models, such as the Scorpio Getaway and Tata Xenon XT, due to their commercial appeal, lack of refinement, and regulatory hurdles.
India has made progress in global representation in its institutions, but this hides the fact that its higher education system is stagnant and there is a gap between rankings and real-world outcomes. The country's competitiveness is hindered by the lack of top-tier institutions and low global integration.
The 2026 Tesla Model Y Premium offers a unique driving experience on Indian roads with its electric powertrain, impressive acceleration and braking. However, its low ground clearance and stiff suspension make it difficult to navigate rough roads. The car also boasts subtle design changes and the innovative Grok AI, which acts as a co-pilot and can be controlled by voice commands.
India’s image remains largely positive around the world. But in the US, that picture has changed drastically over the last few months.
The Huawei Band 11 is a lightweight and comfortable fitness band with over 100 workout modes, sleep tracking, heart rate monitoring, and SpO2 levels. It also has an Always-On Display and customizable widgets, and can act as a remote camera shutter. The band provides recovery and sleep-quality insights and is a great choice for everyday fitness tracking.
The iQOO Z11 Lite 5G stands out in the sub-₹25,000 segment with its 6,500mAh battery, 120Hz display, and AI tools for everyday use. Its 6.74-inch IPS LCD display offers a smooth scrolling experience with a 120Hz refresh rate and 1,200-nit peak brightness.
India must focus on building small AI models for economic development, rather than extraordinary reasoning ability. This will require significant investments and a focus on local factors and vernacular languages. The MSME sector, accounting for 31% of India's GDP, could hugely benefit from specialised small AI models.
India's most consumed soil nutrient, urea, has seen a 60% decline in landed cost due to eased global supplies and diversified imports. The Rashtriya Chemicals and Fertilizers has finalized bids for imports of 1.7 million tonnes at a price range of $390/tonne - $393/tonne. The government is reassessing the initial fertiliser subsidy budget due to a price spike caused by the West Asia war.
India's electric vehicle exports to Europe increased by 17 times in the first quarter of the current financial year, contributing to a 15% rise in overall motor vehicle exports and establishing India as a key player in sustainable mobility. Spain, the UK, and Germany were the top destinations, with growing opportunities in Latin America.
The EU has approved 21 Indian fishery establishments, increasing the total to 123 and boosting exports of aquaculture shrimp and cephalopods. With 625 EU-approved units and the EFTA trade agreement, market access to Norway and Switzerland will improve. India's marine product exports are expected to double in the next few years, with a record $8 billion in exports last year despite high US tariffs.