Australian mining tycoon Gina Rinehart, the country's richest person, has invested over $1 billion in Elon Musk's SpaceX. Rinehart, who has supported Trump in the past, praised Musk and his company as a defining force of the 21st century. Despite her significant investment, she will not have a controlling stake in the company.
Tamil Nadu CM C Joseph Vijay has allocated Rs 340 crore to tackle severe water scarcity caused by a monsoon deficit in 20 districts, including Chennai. He has instructed officials to speed up infrastructure projects and provide financial aid to farmers. Weekly reviews and field monitoring have been implemented to prevent future water shortages.
Uttar Pradesh is on track to become India's digital powerhouse with the creation of a 'Data Corridor' - the first of its kind in the country. Led by Chief Minister Yogi Adityanath, the state plans to become a global center for digital infrastructure, innovation, and employment opportunities.
Delhi Chief Minister Rekha Gupta launched the 'Lakshmi Yojana' on August 1, providing monthly financial assistance of Rs 2,500 to eligible women in the national capital. The scheme aims to promote women's dignity, financial security, and self-reliance, with the first instalment expected to be disbursed by August 28.
PM Modi to inaugurate Alluri Sitarama Raju International Airport in Andhra Pradesh on August 1, 2026. The Greenfield Airport, costing Rs 5,640 crore, will handle 60 lakh passengers annually in its first phase. It will boost tourism, trade, exports, and is designed to be sustainable with advanced technology and modern facilities.
An F-35B fighter jet crashed at a California air station, causing a massive explosion and smoke. The pilot ejected and is stable, but the reason for the crash is unclear. The F-35B is a single-seat stealth aircraft, considered the most advanced in the world and worth $135.8 million.
PM Modi calls for restraint and compassion towards abusive children on social media, while acknowledging anger over incident at Delhi's Jantar Mantar. Meta, parent company of Facebook and Instagram, cooperates with authorities over objectionable content targeting the PM.
Indian Oil Corporation has raised $500 million through a discounted foreign-exchange swap window and may seek more funds before the facility closes in December. Their borrowing needs have increased due to low fuel sales and under-recoveries on domestic cooking gas. To protect against West Asia conflict, they have diversified their crude oil sources.
Madhya Pradesh CM Dr Mohan Yadav boosts women-led rural livelihoods by disbursing Rs 300 crore in loans to self-help groups. The State Rural Ajeevika Mission distributes Rs 10.8 crore to 215 SHGs in Jhabua district. The CM emphasizes the impact of women in the state's progress and announces various development projects.
Tata Steel has been given the go-ahead by the Dutch government to resume operations at its Ijmuiden mill for a limited time. The company plans to use this trial period to gather data and secure longer operations. However, their future investments in the Netherlands will depend on regulatory certainty, policy support, and a social license to operate.
Tata Steel shifts focus to downstream businesses like automotive, oil & gas, and shipbuilding for better value. Expansion of Neelachal Ispat plant to be funded internally, not seeking project financing. Growth in automotive segment driven by new facilities at Kalinganagar, aims to compete with few qualified suppliers. Company also foresees potential in these industries.
The World Bank predicts that extreme heat in Indian cities will harm economic growth and jobs, with a projected 7% decline by 2050. Unsafe working conditions in cities like New Delhi and Mumbai could result in job losses. However, investing in sustainable cooling technology could create millions of jobs. The report recommends implementing heat early warning systems.
Sensex and Nifty bounced back this week, with Sensex seeing its biggest weekly gain in four months and Nifty settling at a high. The decrease in Brent crude oil prices eased inflation worries and boosted market sentiment. Global markets, domestic earnings, and foreign inflows also played a role in the rally, with all sectoral indices ending the week in the green, led by IT.
The Union Cabinet has approved a ₹84,084-crore scheme called Samudra Manthan National Offshore Exploration Scheme to boost offshore hydrocarbon drilling. This scheme aims to increase domestic oil and gas production, expand India's hydrocarbon resources, and reduce dependence on imported energy. It could also save nearly ₹1 lakh crore annually in crude oil imports after the removal of no-go areas.
Cabinet approves 5-year extension of PM-KISAN scheme with a budget of Rs 3.15 lakh crore. Scheme provides Rs 6000 annually to 100 million smallholder farmers through DBT. Since its launch in 2019, over Rs 4.47 lakh crore has been disbursed. Scheme has helped farmers invest in agriculture, reduce reliance on informal credit and improve income.
India's exports have seen a significant structural transformation, reaching $863 billion in 2025-26. Electronics and engineering goods are driving this growth, with exports to new markets like Africa and Latin America. Services, especially software and IT, have also contributed.
IndiGo, India's biggest airline, will halt wide-body operations due to difficult conditions and geopolitical tensions. Flights to and from London Heathrow will be paused and Mumbai-Amsterdam flights will use Airbus A321XLR. The first Airbus A350-900 is expected in 2027. IndiGo will assist affected customers and plans to start its own wide-body operations in the future.
The central government's fiscal deficit in Q1 of FY27 was 18.2% of the full-year target, driven by increased capital expenditure. However, spending was halted in June due to tensions in West Asia. Economists warn of potential strain on the fiscal position with renewed hostilities and rising crude oil prices.
IMD forecasts below-normal monsoon rainfall for August-September due to El Nino, but some regions may receive normal to above-normal rainfall. Sowing of kharif crops has improved with July's normal rainfall, but there is a 4% deficit in total cropped area compared to last year. El Nino may persist in August and strengthen in September, but India remains hopeful.
FPI inflows into Indian government bonds have decreased in July due to geopolitical tensions, higher oil prices, and a smaller interest rate gap between the US and India. The decline from June's record levels is attributed to RBI actions and hopes for India's inclusion in the Bloomberg Global Aggregate Index.
To ensure financial security while studying abroad, it is crucial to have a sponsor protection rider in your student travel insurance. This provides assistance in case of sponsor's death or disability. It is also important to have personal liability and emergency family visit add-ons. Some insurers offer sponsor protection as a built-in benefit.
The Indian government's plan to upgrade 1,000 government-run ITIs is making progress with 822 institutes identified for upgradation. Implementation is in early stages with only 6 strategic investment plans approved. Industry partners will help redesign curriculum and improve training delivery.
In July, the US became India's top LPG supplier with a 73% share, as India aims to diversify its energy sources and reduce trade deficit. Traditional West Asian suppliers, like the UAE, have seen a decrease in their share, with a 34.9% drop in shipments. In the April-June quarter, India's LPG imports were half of its domestic consumption.
Embassy Group disputes allegations by Sterling & Wilson and other petitioners, stating that Sebi's position has weakened the case. Sebi is unlikely to support relief sought by petitioner due to lack of evidence. Embassy questions timing and motives of investment, citing changes in Sebi's regulations. Court directs Sebi to file affidavits by August 27, with next hearing scheduled.
The 2026 Blue Dragon Series Awards took place in South Korea, hosted by Lim Yoona and Jun Hyun Moo for the fifth year. Notable nominees included Park Ji Hoon and Hu Deok Ju, and Jin Sun Kyu and Park Bo Kyung were the first married couple to be nominated. Netflix's "When Life Gives You Tangerines" dominated, with Ju Ji Hoon and IU winning Best Actor and Actress.
The Maharashtra government is launching a pilot project for the Electric Rapid Transit System in Pune, a road-based public transport system that runs on electric vehicles. The 17-km route will connect residential, industrial, and commercial areas and provide seamless connectivity with Pune Metro and Indian Railways. The system will offer a comfortable travel experience.
Electric two-wheeler sales in India continue to surge, with a 77% year-on-year increase in July, driven by higher fuel prices and consumer preference for electric vehicles. TVS Motor reported a 121% growth in sales, expanding its market share to 27%. Bajaj Auto and Ather Energy also saw significant growth, while Ola Electric's sales declined.
Motilal Oswal, a domestic brokerage house, recommends three stocks for potential growth in defence, apparel, and electronics manufacturing sectors. These stocks, MTAR Technologies, Go Fashion (India), and Syrma SGS Technology, have 'Buy' ratings and expected upside of 28% to 38%.
Jefferies says Eternal remains the execution leader across food delivery and quick commerce, but sees Swiggy as a high-risk, high-reward opportunity with around 40% upside if Instamart successfully replicates its food delivery turnaround.
India's textile sector is predicted to have a successful first half of FY27, thanks to reduced US tariffs and the India-UK Free Trade Agreement. The proposed India-EU FTA also presents opportunities for future growth. Despite competition from Bangladesh, India's integrated supply chain and growing spinning capacity give it an edge, benefiting major exporters like Gokaldas Exports and Arvind.
The Centre and Madhya Pradesh government have joined forces to establish a Telecom Manufacturing Zone in Gwalior, with an estimated investment of Rs 10,000-12,000 crore and 14,000 job opportunities. The project aims to decrease reliance on imports and boost domestic production, aligning with the government's goal of self-sufficiency.
Tech stocks experience volatility as Nifty IT index drops 2% in intraday session. Heavyweight IT companies such as TCS, Infosys, and Wipro see selling pressure. Profit booking and shift towards software services companies may be reasons for recent rally. Analysts warn of heightened volatility in the sector. Investors advised to exercise caution.
Former monk Jay Shetty has become a successful self-help entrepreneur through his popular podcast. With a $21 million earning and a $100 million deal with Spotify and Netflix, he has made a big impact in the podcasting world. His success has also resulted in investments and a Netflix TV show in the works. However, there have been some controversies surrounding his rise to fame.
Pune Metro Line 3, connecting Maan to Civil Court with 23 stations, has received safety clearance from CMRS. The 12-station stretch between Maan and R.K. Laxman Museum in Balewadi is expected to bring relief to people travelling through Pune’s busy western areas. The project, estimated at Rs.8,313 crores, will offer both digital and offline ticketing options, including the use of NCMC.
India and Bhutan have approved 12 new Project Tied Assistance (PTA) projects worth Rs 332 crore as part of Bhutan’s 13th Five-Year Plan. This reflects India's commitment of Rs 10,000 crore for the plan period. The approvals came during the fifth India–Bhutan Development Cooperation Talks, co-chaired by Indian Foreign Secretary Vikram Misri and his Bhutanese counterpart Pema Lektup Dorji.
Juniper Green Energy's IPO has received a 36% subscription on the first day, with strong interest from QIBs. The grey market suggests a potential listing price of Rs 232, but brokerages have raised concerns about valuations. Investors are advised to carefully consider the RHP and seek professional advice before investing.
Mahindra & Mahindra's stock price rose by 3% as brokerages gave positive reviews for its SUV product ramp-up plans. Despite challenges, Q1 earnings met expectations. Analysts are optimistic about the company's goal to double automotive capacity in 5 years and its strong launch pipeline. Nuvama and JM are among the brokerages showing confidence in M&M.
North Central Railway has commissioned Kavach 4.0, an indigenous automatic train protection system, on the Mirzapur-DDU stretch, bringing the total coverage to 716 route km. Kavach 4.0 is an upgraded version designed for India's high-density railway network, with improvements in train tracking, communication, and signalling. The system has been rolled out on 2,569 route km across the country
Assam CM Himanta Biswa Sarma has announced the resumption of Aadhaar-seeded transfers under the 'Orunodoi scheme' from August 1, providing direct financial assistance of Rs 1,250 to 37.1 lakh women beneficiaries. The scheme, launched in 2020, aims to support low-income families and empower women financially.
Waaree Energies plans to increase exports by 50-60% by 2028, focusing on European and Central Asian markets. They are bidding for projects in Italy and France and aim to secure immediate orders. They also plan to expand into Australia and New Zealand. Challenges in the Middle East due to conflict, but bidding for large projects in the region.
The Gurugram-Jaipur section of National Highway 48 will implement a barrier-free tolling system from August 1, allowing vehicles to pass through without stopping. This will reduce waiting time and improve traffic flow. The Multi Lane Free Flow system is already in place at three toll plazas and will soon be implemented at the rest of the toll plazas on the route.
President Trump claims credit for resolving the Israel-Gaza conflict and praises it as a "major milestone" in his 20-point plan. The agreement involves disarming Hamas, Israeli withdrawal, and a new Palestinian government working with a Trump-led peace board. US officials confirm Hamas' acceptance, but Israel remains doubtful. The plan also includes reconstruction and development for Gaza.
Indian government launches major expansion of AI ecosystem with 58 Centres of Excellence and 543 Data and AI Labs. Part of IndiaAI Mission to advance AI-led governance, build talent in smaller cities, and boost India's global AI presence. Seven pillars include AI compute, indigenous models, application development, open datasets, and safety.
Bajaj Finance's share price rose by 7% in early trade after reporting a 28% increase in Q1FY27 net profit. Brokerages are divided on whether the stock has more room for gains, with two recommending 'Buy' and one 'Hold' while another remains cautious with a 'Reduce' call. Motilal Oswal upgraded the stock to 'Buy' with a target price of Rs 1,300.
SWR has announced special express trains for the annual Velankanni Feast in Goa and Tamil Nadu. The trains will connect major cities in Karnataka, Kerala, and Tamil Nadu, making travel easier for devotees. A one-time special train service has also been announced. Important update for passengers: trains will stop at Chikjajur, except for the additional services.
The 5th edition of the Blue Dragon Series Awards, hosted by Lim Yoona and Jun Hyun Moo, will take place on July 31 at Paradise City in Incheon. The judging process will use a "7-vote system" and strict security measures to ensure fairness. The ceremony will cover shows from major OTT platforms and will be broadcast live on South Korean TV and livestreamed internationally.
South Korea's stock market has seen a significant decline due to the launch of single-stock leveraged ETFs, prompting apologies from top policymakers. The sell-off is attributed to excessive leverage, crowded positioning, and high expectations, despite strong earnings from tech giants Samsung and SK Hynix. The government has implemented stricter regulations on leveraged ETFs.
The India-European Union Free Trade Agreement (FTA) contains measures to protect Indian companies from the impact of the EU's Carbon Border Adjustment Mechanism (CBAM). The agreement also allows for flexibility in the future and engagement between India and EU authorities to account for carbon pricing.
The cost of food delivery is rising due to high platform fees from apps like Swiggy and Zomato, leading to the popularity of budget platforms like Rapido's Ownly and Swiggy's Toing. However, experts warn that these discounted models may not be sustainable. Zomato's Bistro, with its focus on supply chain innovation and lower commissions, is seen as a more viable solution.
2026 has shown a notable increase, with 66% of the 36 launched issues trading above their issue prices. This is attributed to improved pricing discipline, reasonable valuations, and better investor reception. Analysts predict this trend to continue in the second half of the year, with successful companies like Jio Platforms and NSE leading the way.
El Nino conditions have intensified to a 'moderate' level this month and could reach a 'very strong' level in October-December 2026. The Indian Meteorological Department has revised its monsoon forecast, predicting a 90% deficit due to the uncertain impact of El Nino on coupled ocean-atmosphere conditions.