TVS is expanding its lineup with the new Orbiter electric scooter and the upcoming launch of the Ntorq 150 in the 150cc scooter segment. The teaser shows a revamped headlamp and a digital display with Bluetooth. The Ntorq 150 is estimated to cost less than Rs 1.50 lakh and boasts a powerful 150cc engine.
Indian origin software engineer Pratik Pandey, 35, was found dead at Microsoft office. Cause of death unknown, no official statement from Microsoft. Described as "hardworking" and "joyful" by loved ones, Pandey had worked at Walmart and Apple before joining Microsoft for 5+ years. Tributes for Pandey poured in, leaving a void in the hearts of his colleagues.
CLSA maintains an Outperform rating on Reliance Industries with a target price of Rs 1,650, highlighting the company's focus on AI, media, and consumer businesses. The upcoming AGM may provide clarity on Jio IPO, AI plans, and FMCG expansion. Reliance's FY25 annual report shows a rise in free cash flow and operating cash flow, aided by advances from customers.
Nuvama maintains a 'Buy' recommendation for Greenply Industries with a target price of Rs 464, implying a 50% upside. The company's management is focused on reducing debt and improving margins. Greenply is expected to revise its growth guidance and achieve better margins than industry standards. Despite a recent decline in stock price, the company's performance remains high with a 12.5% increase.
Maratha quota activist Manoj Jarange Patil is launching an indefinite fast in Mumbai, demanding that all Marathas be recognized as Kunbis, an agrarian caste under the OBC category. This recognition would make them eligible for government job and educational institution reservations.
Ariana Grande surprises fans with the announcement of her "Eternal Sunshine Tour" in June 2026, following the success of her musical Wicked and previous tour in 2018. The tour will cover North America and the UK, with ticket prices ranging from $245 to $550. Fans can sign up for presale tickets until September 7, with general sale starting on September 10, despite previous hints of quitting music.
TVS has made its entry into the Indian electric vehicle market with the launch of the Orbiter, priced at Rs 99,990. This budget-friendly scooter is designed for young buyers and comes with six colour options, a 3.1kWh battery pack, and a range of 158km. It also boasts digital instrument cluster, phone connectivity, cruise control, and reverse parking.
Security guard in Kanpur, Omji Shukla, received a notice from the CGST Department demanding payment of over Rs 3.14 crore for a clothing business listed in his name. Shukla believes his identity was misused and has sought help from the CGST commissioner. The incident highlights the dangers of identity misuse in financial dealings and the mental strain on Shukla and his family.
India has appointed Dinesh K Patnaik as its new envoy to Canada, a move aimed at improving strained bilateral ties. Patnaik, a veteran diplomat with over 25 years of experience, has previously served in various roles at the Ministry of External Affairs and Indian missions in Beijing, Vienna, Dhaka, and Geneva.
Reliance Industries' 48th Annual General Meeting today will provide updates on Jio's IPO and focus on new areas like AI, media, and energy. Top brokerages maintain a Buy rating on the stock, with Jefferies highlighting Jio's strong free cash flow and focus on home broadband and enterprise. JPMorgan sees reasonable valuations, while CLSA is monitoring the Jio IPO and AI plans.
Mukesh Ambani's Reliance Industries will host its 48th AGM virtually, with a massive turnout of 44 lakh shareholders. Investors are anticipating news on the long-awaited Reliance Jio IPO and the effects of US tariffs on their crude sourcing and Oil to Chemical business.
Reliance Industries is holding its 48th Annual General Meeting virtually, with over 44 lakh shareholders expected to tune in. Investors are eagerly waiting for an update on the long-awaited Reliance Jio IPO and any impact of US tariffs on their crude sourcing and O2C business. The company's plans for IPO announcements for both Jio and Reliance Retail are also key things to watch out for.
Nuvama Institutional Equities maintains 'Buy' call on Divi's Laboratories with a target price of Rs 7,110, citing the company's partnership with Eli Lilly and the potential launch of its oral GLP-1 drug, Orforglipron. Nuvama believes this drug has the potential to benefit a large global population and could generate peak sales of $15-40 billion.
Thiruvananthapuram-based semiconductor startup Netrasemi has raised $12.5 million in its Series A round led by Zoho Corporation. The company's valuation surged over six times to $74 million. Zoho invested $10.2 million while existing investor Unicorn India Ventures and new investor Maithan Alloys also participated.
TVS Motor chairman Sudarshan Venu envisions a strong partnership between India and Africa in the globalized world, focusing on consumer and infrastructure opportunities, AI, healthcare, and fintech. He emphasizes the need for deeper social and economic engagement and highlights the importance of value creation, customer connect, quality, and local customization in successful collaborations.
BSE to implement pre-open session for index and stock futures from Dec. 8, following SEBI's mandate to strengthen equity derivatives framework. Pre-open session to mirror modalities of cash market's pre-open and post-closing sessions, and extend to next-month futures contracts in last five trading days before expiry.
CG Semi, a subsidiary of CG Power and Industrial Solutions, has inaugurated its first made-in-India chip facility in Sanand, Gujarat. The facility, known as G1, aims to strengthen India's semiconductor capabilities and support the country's goal of self-reliance. With a capacity of 0.5 million units per day, G1 will offer end-to-end chip assembly, packaging, testing, and post-test services.
RIL's 48th AGM, led by Chairman Mukesh Ambani, will focus on growth strategies, shareholder returns, and new investments. The meeting will be held digitally and is expected to attract 44 lakh shareholders. Key points include strong financial quarter, Jio and Reliance Retail IPO plans, AI strategy, and green energy goals.
The Karnataka High Court will hear a legal challenge to the Promotion and Regulation of Online Gaming Act on August 30, brought by Head Digital Works. The law has caused many online gaming companies to shut down real-money games, but some have pivoted their businesses, such as Dream11 launching a wealth management app and WinZO introducing a microdrama platform.
Agriculture Minister Shivraj Singh Chouhan is worried about the duty-free import of yellow peas, which is affecting the chana market. He has proposed a 50% duty to prevent price distortion and discourage farmers from growing more pulses. Imported yellow peas are cheaper than MSP and mandi prices, and the issue has been discussed in an inter-ministerial committee.
50 per share has also been declared
Jio Financial Services, led by MD and CEO Hitesh Sethia, is on track to become a top financial institution with a significant market share. The company's business income has risen steadily, accounting for 40% of total net income in Q1FY26. The Jio Finance App is experiencing high engagement and has plans for new products and partnerships.
US Senator Lindsey Graham has criticized countries like India, China, and Brazil for buying Russian oil, which he says is "propping up Putin's war machine" and contributing to civilian deaths in Ukraine. Despite US pressure, India plans to increase its Russian oil imports, with refiners taking advantage of discounts.
The central government aims to simplify the GST regime by reducing tax slabs and implementing a two-rate system of 5% and 18%. This will make healthcare more affordable and decrease taxes on everyday items, boosting domestic demand and strengthening the economy. The new proposals will be discussed at the upcoming GST Council meeting.
Mahindra Lifespace Developers plans to achieve a fivefold growth in the next five years, with a target of Rs 10,000 crore in pre-sales by FY30. The company is shifting its focus to the premium segment for stability and predictability, as the affordable housing segment has declined in the industry.
Adani Group reported its highest-ever ebitda of Rs 90,572 crore for the period from July 2024 to June 2025, driven by strong performance in its core infrastructure and clean energy businesses. The conglomerate also posted a record quarterly ebitda of Rs 23,793 crore in April-June, with its incubating infra assets crossing Rs 10,000 crore ebitda for the first time.
AHPI and Bajaj Allianz General Insurance Company discussed the suspension of cashless services for policyholders, with AHPI citing low reimbursement rates and delays in claim settlements. The General Insurance Council criticized AHPI's actions, but AHPI urged insurers to revise rates and respect clinical autonomy.
Federal Reserve Governor Christopher Waller plans to lower U.S. interest rates in September and foresees more cuts in the future to align with the Fed's policy rate. He supports a 25 basis point cut, citing a weakening labor market and the need to stay on top of monetary policy. Waller expects more cuts in the next few months, influenced by incoming data and potential price increases from tariffs.
Today's markets will be busy due to key corporate developments. Reliance Industries' 48th AGM, Jio's growth, NTPC's coal mining, CG Power's new facility, Muthoot Finance's investment, Lemon Tree Hotels' new property, and Infosys' partnership with Mastercard are important. Indian equity markets saw a second consecutive session of decline on August 28.
Neeraj Chopra finishes runner-up in Diamond League Finals for third consecutive time as Julian Weber of Germany dominates with 91m-plus throws. Chopra, known for his consistent 88m-plus throws, only managed to touch 85m mark. Weber achieves a season world leading throw of 91.57m, his personal best. Chopra not satisfied with his performance and hopes to do better at upcoming World Championships.
Intel received a $5.7 billion cash investment and a 10% stake from the U.S. government, with a potential additional 5%. The company believes they will maintain control of their foundry business. They are finalizing the deal and seeking a major customer for their next-gen manufacturing process, while remaining financially responsible.
Ukrainian President Volodymyr Zelenskiy urged for clear security guarantees and greater pressure on Russia during a virtual meeting with European leaders. He emphasized the need for a united front to end the 3-1/2 year war and for a solid basis for security guarantees. Talks for a ceasefire and negotiations were also discussed.
Nels Nordquist, a top economic aide to President Trump, is leaving the White House to take a senior role at the International Labor Organization. He will serve as the U.S. deputy director general, leaving the White House without a designated official to prepare for the U.S. presidency of the G20 group next year.
CORE Energy Systems aims to increase its revenue to Rs 2,000 crore in the next three years by shifting focus from public projects to private captive power generation. The company is also targeting an order book of Rs 2,000 crore this year and is eyeing global expansion and uranium mining.
India's online festive season sales are set to grow by 27% in 2025, reaching Rs 1.2 lakh crore, as per Datum Festive Barometer. Factors contributing to this include consumer confidence, diversification of digital shopping, and the rise of quick commerce. Amazon and Flipkart continue to be top choices, with Myntra and Meesho dominating the fashion market.
Mutual fund houses are launching sectoral and thematic funds, which have garnered a record high amount of Rs 30,416 crore in July. This is due to the regulatory limits imposed by SEBI, prompting fund houses to turn to these categories. However, investors should be cautious as many of these funds end up owning the same stocks, leading to a lack of diversification.
Nalco to invest Rs 30,000 crore in new smelter and coal-based power plant over next five years. Plans to become a Maharatna company by 2030 with increased revenues and turnover. No impact of US tariffs, eyes UK as emerging market for exports. Focus on bolstering raw material security and exploring opportunities in critical minerals segment.
Indian exporters are struggling due to a 50% tariff imposed by the US, leading to credit defaults and job losses in the textile industry. Bankers are offering assistance, but are wary of sectors such as shrimp, textiles, gems and jewellery, leather, pharma, and electronics. The government and Reserve Bank of India may intervene to aid manufacturers and boost growth.
Delhi CM Rekha Gupta launched U-special buses for students, adding modern facilities like AC and FM radio. She inaugurates service from Delhi University and plans to provide metro passes. 25 new EV buses launched for safe and convenient transportation. CM reminisces about her college days during the relaunch.
NCDEX is preparing to launch its equities and equity derivatives segment after receiving Sebi's approval. The exchange has already hired 60 personnel and received funding from investors for its new vertical. Market experts have mixed opinions on the success of this new segment, with some skeptical and others optimistic.
Bank of Baroda has reduced interest rates on car and mortgage loans, making them more accessible and affordable for customers. The move comes after the Reserve Bank of India's rate cuts, and public sector banks have an advantage over private banks due to lower funding costs.
Nykaa's parent company, FSN E-Commerce Ventures, has launched their brand, Kay Beauty, in the UK through a partnership with Space NK. This is their first step towards global expansion, with plans to enter the US and Asia. The company's in-house brands, including Kay Beauty, have been growing quickly and aim to triple their GMV by 2030.
US and India are working towards resuming negotiations on a Bilateral Trade Agreement, but the US tariffs on Indian exports are a major obstacle. Talks have been delayed as both sides try to understand each other's positions. India is hoping to address the tariffs before reaching a deal, as they will greatly affect key industries. The government is taking action to resolve the issue.
China and Japan are exploring the use of yuan-backed and yen-pegged stablecoins to decrease dependence on the dollar in digital transactions. India is cautious about stablecoins and focusing on its CBDC pilot. China and Japan have different approaches to stablecoins and CBDCs, with India possibly taking cues from Japan's model.
Union Minister Ashwini Vaishnaw inaugurated CG Semi Private Limited's G1 Outsourced Semiconductor Assembly and Test (OSAT) plant in Gujarat, marking a significant development in India's semiconductor industry. The plant, set to begin production in 2026, will produce 'Made in India' chips, aligning with PM Modi's goal of achieving technological self-reliance.
India and Canada have appointed new envoys, Dinesh K Patnaik and Christopher Cooter, in an effort to improve their strained relationship after the killing of Khalistani separatist Hardeep Singh Nijjar. PM Narendra Modi and Canadian PM Mark Carney have agreed to work towards restoring stability in their ties and pursue "constructive" steps.
Nagaraj MC, a senior executive, suggested that Mondays should be mandatory work from office. This sparked a conversation on LinkedIn, where he argued that skipping Mondays diminishes energy, weakens focus, and erodes collaboration. However, many users rejected the idea, saying that performance should be measured by contributions, not attendance.
TVS Motor executive says electric two-wheeler makers in India are struggling with rare-earth magnet shortage, impacting the industry. TVS launches new e-scooter, the Orbiter, priced at Rs 99,900. Company navigating supply chain crisis with speed and agility, but situation still a work in progress. China's promise to ease restrictions on rare-earth magnet exports has yet to improve situation.
Himalaya Wellness, a leading personal care brand, is expanding its neem-based product line to stay competitive in the market and cater to changing consumer trends. The expansion will include face care products and focus on omnichannel distribution to adapt to evolving purchasing behavior. This move aims to capture a larger share of the segment and encourage habit formation among consumers.
The Indian government has extended the exemption on cotton import duty until December 31, 2025, to support the textile industry and exporters. The import duty of 11% was imposed in February 2021, but with declining cotton production and a supply-demand gap, the exemption has been extended to offset trade challenges. This move aims to provide relief to the industry and address trade headwinds.
Icra predicts domestic aviation industry losses to double in FY2026 to ₹9,500–10,500 crore due to challenges like geopolitical tensions and trade headwinds. Forecast for passenger traffic growth lowered to 4–6%, with expected volumes of 172–176 million. Industry's debt metrics to be impacted by slow passenger traffic growth and increasing aircraft deliveries, despite improved supply chain.