The Maharashtra State Disaster Management Authority (SDMA) on Monday advised private offices in Mumbai to allow employees to work from home wherever possible after the India Meteorological Department (IMD) issued a red alert for the city due to extremely heavy rainfall and strong winds.
A Silk Way West Boeing aircraft experienced an emergency in the US, leading to confusion as the pilot declared "Pan-Pan" and requested directions to Houston while unknowingly heading in the wrong direction. The flight was safely diverted to Dallas/Fort Worth International Airport and landed with a delay of 1 hour and 9 minutes.
The Indo-Russian BrahMos missile is a top defence export for India, known for its supersonic speed, precision strike, and versatility. It has gained global recognition and is viewed as India's flagship weapon. Its unique capabilities make it attractive to countries in Asia and Latin America, despite its higher cost.
The Donald Trump administration has already refunded around $100 billion in tariffs it collected before the US Supreme Court struck down most of those duties, according to a court filing reviewed by Reuters.
JM Financial recommends buying shares of Ventive Hospitality, Neuland Laboratories, and Metropolis Healthcare, with potential gains of 25-35%. The companies are expected to see growth in the hospitality, pharmaceuticals, and diagnostics sectors due to portfolio expansion, new products, and operational efficiency. Investors should seek advice from a SEBI-registered advisor before investing.
Indian government focusing on developing manufacturing ecosystem for trainer aircraft and seaplanes to meet demand for pilots and regional connectivity. Steps include policy incentives, 5-year roadmap, and Special Purpose Vehicle. Aim to boost pilot training, infrastructure, and domestic production, reduce import dependence, and promote tourism through seaplane operations.
The long-awaited Bengaluru Metro link to Kempegowda International Airport is making significant progress.The 58.19-km corridor, being developed under Metro Phase 2B, will connect Silk Board with KIA and is expected to provide a faster public transport option. The project is scheduled to open in phases, with the entire line becoming operational by 2027.
Federal Reserve Governor Lisa Cook is ready to increase interest rates if inflation remains high, but believes that factors like tariffs and AI investments may eventually ease it. However, she warns that persistent inflation could become ingrained in pricing and wage decisions, making it difficult to manage.
Samvardhana Motherson, a major auto components company, reported a nearly doubled net profit of Rs 1,032.05 crore in Q1FY27, with a 16.65% YoY increase in revenue. However, on a sequential basis, net profit declined by 31%, while revenue rose slightly by 2.72%. The company's strong balance sheet and disciplined execution helped drive profitability.
Motilal Oswal, a leading brokerage firm, has maintained a 'Buy' rating on ONGC with a target price of Rs 290, citing an upside potential of 21%. The recent Q1FY27 earnings report showed lower-than-expected sales for crude oil and natural gas. However, profitability exceeded expectations due to a rise in contribution from New Well Gas and positive results from ONGC Videsh.
Indian Railways has introduced a new licensing system for Container Train Operators to promote private involvement in rail freight and improve business operations. This framework will enable operators to run container trains nationwide with a single licence.The move is expected to boost businesses, reduce logistics and ease the burden on roads.
Morgan Stanley upgrades PNB Housing Finance's rating due to strong performance in June quarter, favoring it over LIC Housing Finance which faced weaker growth and loss in home loan market. PNB Housing Finance expected to sustain momentum in affordable and emerging housing finance, while LIC remains exposed to slower-growing segments. Brokerage has 'Overweight' rating.
Himachal Pradesh CM approves 78% salary hike for contract and trainee medical officers to improve public health infrastructure and address specialist shortages. This increase aims to attract and retain doctors, especially in remote areas. It follows a 24% raise in 2022 and is part of efforts to enhance technology and facilities.
Goldman Sachs reversed its stance on India's aerospace and defence sector, upgrading Hindustan Aeronautics to 'Buy' and downgrading Data Patterns (India) to 'Neutral'. The brokerage cited easing execution bottlenecks and order visibility for Hindustan Aeronautics, while noting that Data Patterns had already delivered strong stock returns and faced limited near-term catalysts.
Southern Railway has launched weekly special trains between Coimbatore and Jaipur to cater to the increasing travel demand. These fully reserved Weekly Express Specials will connect major cities in Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Madhya Pradesh and Rajasthan.The trains will run as fully reserved Weekly Express Specials.
The railway has extended the Hyderabad-Gorakhpur special train services through September 2026 to cater to the high passenger demand. With four additional weekly trips in each direction, the train aims to improve seat availability and provide extra capacity. The route covers several major cities, offering better connectivity between Telangana, Maharashtra, Madhya Pradesh, and Uttar Pradesh.
Juniper Green Energy, a renewable energy Independent Power Producer, raised Rs 1,800 crore through its IPO with a premium of 9% and 8% on the NSE and BSE, respectively. The issue was subscribed 2.81 times overall, with the QIBs section being subscribed 8.90 times. The company plans to use the funds to repay existing borrowings and invest in its subsidiaries.
LIC, India's largest life insurance company, made headlines with its successful IPO in 2022, raising over Rs 20,500 crore at Rs 949 per share. Now, in August 2026, the government has launched an OFS with a floor price of Rs 382 per share, offering a discount to retail investors. The stake sale has been expanded and is expected to garner significant interest.
Western Railway has cancelled five trains connecting major stations in Maharashtra and Gujarat due to Pre-NI and NI work in the Bhusaval Division. The cancelled trains serve important stations and impact daily and long-distance passengers, with journey times ranging from 4 to 11 hours. The cancellations are due to infrastructure and signalling upgrades.
ONGC, India's leading explorer, will sign deals with Venezuela to operate two oil blocks under the country's new petroleum law. This shows a change in strategy as ONGC had avoided expanding in Venezuela due to US sanctions. The company also regained a 20% stake in Russia's Sakhalin-1 project, increasing its revenue contribution.
India plans to charge cooking gas and natural gas consumers to create a $42 billion strategic fuel reserve, expanding beyond crude oil for the first time. The reserves will cover two months of crude and LNG demand and six weeks of LPG consumption.
RBI governor and deputy governors reaffirm commitment to controlling headline inflation and completing monetary policy transmission. Liquidity surplus to peak in September, but will be gradually absorbed. Stance to remain unchanged unless significant changes in growth-inflation dynamics. Polymer notes to be introduced in next financial year, government considering MDR on certain transactions.
The Centre's offer for sale (OFS) of a 6.5% stake in LIC was a huge success, raising Rs 31,552 crore and making it India's largest public offering. This brings the total disinvestment amount to Rs 52,700 crore, the highest since FY19. The OFS was subscribed 1.38 times, with the institutional portion being subscribed 1.45 times and the retail portion at 0.7 times. This helped LIC meet
Former Bangladesh Prime Minister Sheikh Hasina addressed the media for the first time in two years via video link from New Delhi, coinciding with the second anniversary of her ouster. The press conference was held at the Foreign Correspondents' Club of South Asia and comes amid political tensions between Dhaka and the Awami League, with India distancing itself from the event.
A new 10.30-km highway link, the PR-07 spur, will soon be constructed to ease traffic around Chandigarh, Panchkula, and Mohali. It will connect the Ambala-Chandigarh section of NH-205A with the Zirakpur bypass and is expected to be completed within two years. This project will divert 20,000 vehicles daily from congested areas, benefitting long-distance and freight vehicles.
The Silver Line project in Kerala has been paused, as efforts are now being directed towards improving the current railway network through various upgrades. The proposed high-speed rail project has been deemed unfeasible, and the Railway Ministry has approved nine new projects worth ₹11,650 crore, including three new railway lines.
Elon Musk ambitiously predicts SpaceX will reach $1 trillion in annual revenue by 2030, despite posting a $542 million net loss in the second quarter. The company's space segment contributed $4.3 billion, while its connectivity segment, including Starlink, brought in $4.29 billion. SpaceX also announced a partnership with Nvidia for "space compute" design.
HSBC recommends 10 Indian stocks due to improving earnings outlook, strong domestic demand, and potential for foreign investor flows. India is a stable market with potential for $25 billion inflow. 73% of companies met or exceeded earnings expectations. HSBC prefers domestic sectors like financials, autos, retail, hospitals, and select industrials.
SEBI, India's market regulator, is unlikely to review the newly implemented Closing Auction System (CAS). The system has faced criticism after the Benchmark Nifty 50 experienced sharp spikes in closing trade. However, SEBI believes there are no flaws in the system and expects participation to increase. The CAS involves a five-minute transition period, followed by an order entry period.
The Maharashtra government has directed officials to fast-track work on Mumbai Metro Line 10 connecting Mira Road and Gaimukh. Additionally, the state has approved the planning of 11 new metro corridors across the MMR, Pune and Nagpur to further strengthen metro connectivity. The projects aim to enhance connectivity, decrease travel time, and provide efficient public transport.
Rapido's food delivery platform Ownly has rapidly gained success, onboarding 25,000 restaurants in Bengaluru and planning to expand to five other major cities. Co-founder Aravind Sanka discusses Ownly's cost structure, zero fees, and the state of Rapido's core mobility business. The company aims to create a new market and increase its market presence.
Motilal Oswal has identified three companies with strong potential for returns: Safari Industries, Jain Resource Recycling, and Emami. These companies have target prices indicating an upside potential of 34% to 50%. Motilal Oswal cites capacity expansion, demand for recycled metals, and steady domestic demand as key drivers, but cautions about risks such as competition and input cost spikes.
Vadodara Junction's new Bullet Train station on the Mumbai-Ahmedabad High-Speed Rail corridor will be built above Platform No. 7 and inspired by the city's banyan tree. It will serve as a major transport hub with easy access to the city's bus services and interstate bus depot. The station will also offer modern amenities like waiting lounges, baby care rooms, restrooms, and retail shops.
Massachusetts has declared August 15 as India Day, recognizing the country's independence from British rule and the contributions of the Indian diaspora to the US economy and society. The state's governor and mayor have issued proclamations, highlighting the significant Indian population in Massachusetts and their impact in various fields. The Indian-American community is proud of the recognition.
The Uttar Pradesh government has approved a new expressway connecting Jewar Airport with Ganga Expressway, reducing travel time and boosting industrial development and employment opportunities. The 74.467 km long route will initially have six lanes and can be expanded to eight lanes in the future.
The DOJ settled a $3.2 million case with OpenAI, led by Sam Altman, for discriminatory hiring practices. OpenAI preferred temporary visa holders over US workers during the PERM process, violating the Immigration and Nationality Act. OpenAI denies the claims but agreed to settle as the Trump administration seeks to reform the H-1B visa program.
Macquarie has chosen TVS Motor, Divi's Laboratories, and Titan as its top picks in India due to their strong business growth and potential for future success. Phoenix Mills has been added to their 'Rising Stars' list, while Bharat Electronics, Dixon Technologies, and Hyundai Motor India remain in their 'Hitters' list.
India's economy is expected to exceed $5 trillion by FY2028-29, according to the IMF. The government is implementing a broad-based growth strategy to achieve this milestone, focusing on agriculture, manufacturing, MSMEs, infrastructure, tax reforms, and digitalization. The plan also includes measures to boost exports, FDI, and prudent fiscal management.
Motilal Oswal has given a target price of Rs 125 on Restaurant Brands Asia, the company behind Burger King outlets, with a possible 75% upside. Factors driving this positive recommendation include strong sales, new menu additions, expansion plans, and improved profit margins. While the India business performed well, Indonesia remains a challenge.
The Ministry of Petroleum and Natural Gas is closely monitoring fuel quality and has found only two cases of contamination out of over 2,000 samples tested. Strict action will be taken against any retail outlet with contamination. The government has instructed Oil Marketing Companies to prevent contamination and recently uncovered an organised fuel adulteration racket in Lucknow.
Paytm's share price dropped by 1.5% on the NSE after reports of 1.5 crore shares being sold in block deals, amounting to Rs 2,038 crore. Existing investors Saif Partners, Saif II Mauritius, and Elevation Capital V are rumored to have sold their stakes. However, this news has not been independently verified. The company's share price has risen by 7.2% in the past five trading days.
The Centre's decision to reduce its holding in LIC through an Offer for Sale (OFS) resulted in an 8% drop in share price. The government plans to initially offer 2.5% equity and has the option to sell an additional 4% stake. The floor price is set at Rs 382 per share, 10% lower than the previous day's closing price, in order to meet SEBI's minimum public shareholding requirements.
President Trump has publicly rebuked Chevron and ExxonMobil for profiting off of high oil prices while international crude prices have dropped. Gas prices in the US remain high, causing Americans to blame both companies and Trump for the affordability crisis. However, experts argue that oil companies do not control fuel prices and rising costs continue to burden Americans.
Macquarie maintains 'Outperform' ratings on Adani Green Energy, GAIL, Maruti Suzuki India, and Escorts Kubota due to their strong earnings visibility, growth drivers, and expansion plans. Despite facing different challenges, these companies have potential upside ranging from 13% to 29%, supported by positive demand outlook and margin pressures.
Divi's Laboratories, one of India's largest pharmaceutical manufacturers, has reported strong quarterly results with a 28% increase in revenue and a 72% jump in EBITDA. Brokerage firm Jefferies has maintained a 'Buy' rating on the stock and raised the price target to Rs 10,200, citing strong sales growth and margins.
NSDL and CDSL, the two depositories behind every demat account in India, have reported their Q1 results. NSDL's topline saw a 66% jump, largely due to a one-time project, while CDSL's revenue rose 13%. Motilal Oswal has a neutral stance on both stocks, with a target of Rs 930 for NSDL and caution on CDSL's investments.
Jefferies reaffirms positive stance on select group of companies after reviewing their latest June quarter performance. The global brokerage retains 'Buy' ratings on eight stocks across various sectors, with target prices indicating upside ranging from 16% to 41%.
BTS' Jin makes a huge profit of 8.21 billion won by selling his luxury home in Seoul's Hannam The Hill complex. The 235-square-meter apartment was bought in 2019 for 4.49 billion won in cash. The sale was made just before stricter tax rules for multiple homeowners were reinstated by the Korean government. Jin is believed to own two other units in the same complex and other properties as well.
The Nifty saw a sudden spike of 200 points during closing trade today, causing a divergence with the Sensex. This was due to the introduction of the new Closing Auction Session by the exchanges, aiming to improve price discovery and reduce volatility. Despite initial hiccups, experts believe this will boost investor confidence and align Indian market practices with global standards.
India and Germany are close to signing a deal for six next-generation submarines worth Rs 90,000 crore. This will boost the Indian Navy's capabilities in the Indian Ocean Region and support the government's efforts for domestic manufacturing of advanced defence platforms. The submarines will have Air Independent Propulsion technology, making them more efficient in underwater combat.
Marvel didn't lose Spider-Man in a legal battle — it sold the rights in 1998 while clawing back from bankruptcy, turning down a $25-million deal for nearly its whole roster along the way. Here's the full story behind Sony's hold on Marvel's most valuable character.