Ola Electric's share price has risen by 28% in the past three trading sessions due to its 'India Inside' vision and integration of the 4680 Bharat Cell into its vehicles. The company also revealed plans for rare earth-free motors and complete supply chain independence. Future products include the Moonshot in Motorcycling and a modular Gen 4 platform for various vehicles.
Madhapar village in Gujarat's Kutch is a modern and prosperous community, with a population of 92,000 and a wealth of over Rs 5,000 crore. This success is attributed to the NRI residents who have invested back in their roots, leading to the development of clean roads, schools, hospitals, and 17 bank branches. The village's transformation is a result of the residents' shared support and care.
Reliance Industries is aiming to tap into the booming FMCG market in India by creating a separate subsidiary and aiming for a revenue of Rs 1 lakh crore in five years. The company plans to expand its distribution, manufacturing, and innovation, and also venture into international markets. This could lead to significant growth for the company.
Crisil Ratings forecasts a decline of 15-18% in India's shrimp export volumes and a decrease in revenues by 18-20% in FY26 due to US tariffs of 59%. Indian exporters are seeking to diversify their product mix and expand into other markets, as the US remains a top destination despite the impact on profit margins and operating profit.
Reliance Industries' digital arm Jio Platforms plans to go public in the first half of next year, with a target valuation of Rs 10-12 lakh crore and an IPO size of Rs 50,000-60,000 crore. Having reached 500 million subscribers, Jio has revolutionized India's telecom industry and now has its sights set on global expansion.
India's GDP exceeded expectations in the first quarter of the current financial year, driven by a strong services sector, government consumption, and low statistical deflator. Despite this, analysts are not revising their forecasts for the full year due to challenges such as the US tariff on Indian merchandise. While agriculture and tertiary sectors saw growth, private sector investment were low.
Indian government aims to support exports facing high tariffs in the US market and boost domestic consumption through reforms. Commerce minister Piyush Goyal promises measures to expand domestic outreach and explore new markets. Last year's exports reached $825 billion. India will not tolerate discrimination and is open to beneficial trade agreements.
Honda will showcase a diverse range of mobility products at the Japan Mobility Show 2025, featuring motorcycles, automobiles, power products, and aircraft. The exhibit will highlight their latest technologies and concept models, including the Honda 0 Series EV models and the HondaJet Elite II mockup. The complete list will be announced in September.
Manoj Jarange Patil, a pro-Maratha leader, has started a hunger strike in Mumbai to demand OBC reservation for Marathas. This is his second protest as the government previously failed to meet his demands. Supporters have welcomed him with saffron caps and flags, causing traffic disruptions and overcrowding in trains. Jarange Patil has been involved in the Maratha reservation movement.
Mukesh Ambani, Chairman of RIL, revealed plans for a Jio IPO in 2026 and emphasized the company's focus on AI, forming a new subsidiary called Reliance Intelligence. RIL has also partnered with global tech giants and has set ambitious long-term growth targets. The company is making significant investments in AI, with the goal of becoming a leader in the field.
TVS has launched the Orbiter, an electric scooter that rivals the Ola S1 X. Despite being heavier, it has a comfortable seat and higher ground clearance. Both scooters have advanced features like smartphone connectivity, cruise control, and LED headlamps. However, the Orbiter has a bigger display and USB charging port, while the Ola S1 X boasts better performance and a higher top speed.
CBI raids Kolkata Deputy Mayor Atin Ghosh's house in connection with a corruption case at RG Kar Medical College and Hospital. The agency is investigating the embezzlement of funds after the rape-murder of a doctor last year. Ghosh, a Trinamool Congress MLA, was being questioned. This follows a similar raid on another Trinamool MLA's house and nursing home.
Indian equity benchmarks closed lower on Friday as Mukesh Ambani announced an IPO for Reliance Jio. The Nifty 50 and Sensex both declined, along with Nifty Bank and small and midcap stocks. Investor sentiment was cautious due to US tariffs and stretched valuations, but FMCG stocks continued to rise. ITC and Shriram Finance were among the top gainers, while Mahindra & Mahindra saw a decline.
Reliance Industries Chairman Mukesh Ambani announced the much-awaited Jio IPO timeline, with plans to list by H1 2026. However, RIL shares fell 2% after the initial spike, with analysts citing market sentiment and already priced-in positives. Despite this, brokerages are optimistic about RIL's valuation, with a focus on company's AI services, connectivity offerings, and new energy value chains.
Russia's military attacked Ukraine's largest ship, the Simferopol, with a drone strike and sank it. This is the first time Russia has used a sea drone to target a Ukrainian Navy vessel. One crew member was killed and others were injured. Russia has been increasing its production of naval drones to dominate the conflict. The US is trying to intervene and stop the war between the two countries.
India's GDP data for the April-June quarter, released today, is expected to show a slowdown due to the impact of US double tariffs. Economists and analysts are closely watching the data, with JP Morgan warning that a 50% tariff could risk 1% of GDP and Nomura projecting growth at 6.9%. However, there are concerns that growth may fall below 6% in the second half of the fiscal year.
Tata Motors introduces the 9-seater Winger Plus, designed for staff transportation and tourism. It boasts a comfortable and connected travel experience for passengers and higher efficiency for fleet owners. With segment-leading features, safety, and stability, powered by a fuel-efficient diesel engine and Fleet Edge connected vehicle platform, Tata aims to meet the mobility needs in India.
Motilal Oswal, a top brokerage firm, has chosen ICICI Bank, HDFC Bank, and State Bank of India as its top picks in the banking sector. The firm expects a turnaround in earnings from the second half of FY26, signaling the end of a long earnings slowdown. While treasury gains have helped, the true recovery is yet to come.
The government's proposal to raise GST on business and premium class air tickets has raised concerns in the aviation and tourism sectors. While this may make premium travel more expensive, the restructuring of GST could result in lower taxes on essential goods and services. The upcoming GST Council meeting will further discuss these proposals.
Benelli has increased the price of the 502X adventure motorcycle in India by Rs 10,000, bringing the ex-showroom price to Rs 6.80 lakh. Earlier this year, the TRK 502X received updates such as a TFT instrument console, tyre pressure monitoring system, and tubeless spoke wheels. The overall styling and cycling parts remain unchanged, with the 500cc engine producing 46.9bhp.
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.