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Temasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO
Milky Mist Dairy Food has announced its IPO price band as it aims for a valuation exceeding one billion dollars. This move comes after a reduction in share volume due to pre-listing stake sales to Temasek. The funds raised will be utilized for debt repayment and enhancing its facilities. The company's shares are anticipated to debut on August eighteenth.
Rupee gains 26 paise to close at 95.11 against the US dollar
The Indian rupee gained twenty-six paise on Wednesday, ending the session at ninety-five point eleven per dollar. This positive movement was aided by a decrease in oil prices. In addition, the Reserve Bank of India opted to keep its key interest rates unchanged while awaiting more definitive inflation data, as the situation around oil prices remains unpredictable.
Govt mobilises Rs 31,552 crore via LIC offer for sale
The government successfully raised 31,552 crore through the Life Insurance Corp of India Offer for Sale. This significant mobilization increased the public ownership of LIC to ten percent ahead of schedule. The issue saw strong participation from both retail and institutional investors. Non-retail investors subscribed more than three times their allocated portion on the first day. This successful offering marks India's largest public offering to date.
Manipal Health lists at 11% premium
Manipal Health Enterprises celebrated a successful market entry on Wednesday, with shares launching at 652 on the NSE and 655 on the BSE, achieving an eleven percent premium. By closing time, the company's market capitalization reached 87,229.24 crore. Their impressive initial public offering, valued at 9,275 crore, saw nearly five times subscription, making it the year's second-largest IPO, following SBI Funds Management's offering.
Molbio diagnostics' Rs 940 crore initial public offering opens August 10
The initial public offering price range for Molbio Diagnostics has been established, with a target of raising 940 crore. Subscription will begin on August 10, featuring a combination of fresh share issuance and offer for sale. Leading this endeavor are Kotak Mahindra Capital and IIFL Capital Services, assisted by Jefferies India and Motilal Oswal as book-running lead managers.
Short holiday, strong demand: Drive-to escapes lead Independence Day travel
Travellers are swapping fly-to vacations for road trips and staycations, with hotel chains and villa operators reporting bookings ahead of last year despite the compressed holiday calendar.
Foreign borrowings hit over $6 billion in June as 140 firms tap global market
In June, external commercial borrowings and foreign currency convertible bonds amassed an impressive $6.07 billion. Prominent borrowers included Shriram Finance and Microsoft Corp India, while Air India acquired necessary funding for aircraft imports through a leasing company. A total of 140 companies participated in these significant financial maneuvers, with data from the Reserve Bank of India highlighting these crucial transactions.
Akasa's Dube rejects market share chase, backs airport operators investing in airlines
Addressing concerns that airport owners could favour their own airlines, Dube said the responsibility lies with regulators to establish and enforce appropriate safeguards.
NIIFs India-Japan Fund gears up for faster climate bets in next 18-24 months
The National Infrastructure Investment Fund (NIIF) is a government-anchored infrastructure investment platform that manages about $5 billion in capital commitments across four funds, investing in infrastructure assets and related sectors.
India's two-wheeler makers restructure, gear up for EV and premium shift
Top two-wheeler makers such as Hero MotoCorp, Bajaj Auto and TVS Motor are undertaking several measures, including integrating their EV businesses with core two-wheeler operations, creating dedicated leadership roles for high-growth segments and rolling out exclusive retail networks to boost sales.
RBI holds repo rate at 5.25%, raises FY27 growth forecast, cuts inflation outlook
The RBI kept the repo rate unchanged at 5.25% for the fourth straight policy review, retained its neutral stance, raised its FY27 growth forecast to 6.7%, and lowered the inflation projection to 5%. It also announced revised loan pricing norms, plans to resume urban cooperative bank licences, and expressed confidence in India's economic resilience despite global uncertainties.
Stocks in news: PB Fintech, LIC, Trent, Ola Electric, and Cipla
In a day of mixed economic signals, Indian markets displayed notable volatility before settling at a flat close. PB Fintech enjoyed a substantial rise in profits thanks to robust growth in insurance premiums. ONGC is also gearing up to ink deals with Venezuela for managing oil blocks. Simultaneously, Ola Electric and Cipla made headlines with their considerable investments in renewable energy initiatives.
D-St set for a cautious opening as GIFT Nifty signals muted start
Domestic equities experienced a slight uptick, with the Nifty finishing virtually unchanged despite gains across various sectors. Analysts predict a positive outlook for Indian equities moving forward. Lower Brent crude prices are favorable for inflation expectations. The India VIX declined, signaling decreased market anxiety. Additionally, foreign portfolio investors showed a tendency toward net buying on Wednesday.
CAS sparks trader backlash as losses mount, Sebi holds firm
Concerns are mounting among traders regarding the recent shift to a closing auction system, which has led to significant price volatility. Numerous market participants have reported unexpected losses, prompting authorities to engage with brokers to explore these issues. Despite regulators' attempts to bolster trader involvement, the contentious pricing mechanism continues to stir debate within the financial community.
No decision yet on merchant discount rate on UPI deals
Central bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussions are ongoing regarding the payment mechanism's future and costs. The government is reportedly amending laws to allow merchant discount rates on select UPI transactions. This move follows Finance Minister Nirmala Sitharaman's introduction of a new bill. The central bank's current focus remains on strengthening UPI adoption across India.
Liquidity to peak in Sept, but big surplus won't last long: RBI
The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around 4-5 lakh crore in the banking system. The central bank will then begin withdrawing excess liquidity through durable absorption measures.
No case for early closure or extension of swap window: RBI
The Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have strengthened India's balance of payments position. The central bank has not received any proposals for extending the deadline. This facility allows banks to swap overseas borrowings at concessional rates. The swap window has already attracted significant dollar inflows by July.
Regulators weigh bringing insurance surety bonds under RBI's CRILC
Financial regulators are exploring adding insurance surety bond exposures to a central credit database. This move aims to provide banks and rating agencies a clearer view of corporate leverage. Currently, these contingent liabilities often escape regulatory reporting requirements. Many government departments now accept these bonds instead of traditional bank guarantees. Expanding the database will strengthen credit appraisal processes for lenders.
HDFC Bank assured shareholders about its strong governance credentials. No US lawsuits have been filed against the bank following investigations. The bank's leadership stated they are well-positioned to defend any potential legal action. HDFC Bank is fundamentally strong with a pristine balance sheet. The integration with HDFC Limited is unlocking meaningful synergies for future growth.
Microsofts AI Sales Mostly Come From OpenAI, Disclosures Show
Microsoft Corp. generates most of its artificial intelligence revenue from OpenAI, according to new disclosures from the company.
For the third quarter, Disney reported net profit of $2.6 billion, roughly half the level recorded a year earlier, when results were boosted by a significant one-time tax benefit
Showerheads often suffer from reduced water flow due to mineral deposits forming in their tiny holes. To combat this issue, citric acid is a natural and effective solution that breaks down calcium buildup without chemical harshness. Simply soak the showerhead in a citric acid solution for a thorough cleanse. Furthermore, regular maintenance and drying will help avert future limescale problems, allowing for improved water pressure and durability for your showerhead.
Vi needs periodic tariff hikes to sustain 5G investment: Kumar Mangalam Birla
Vodafone Idea's Chairman emphasized the necessity of a tariff increase to support network investments and secure funding for its 45,000 crore capex plan. The company aims to enhance customer growth and operational performance while contributing to India's digital infrastructure ambitions.
'You will not be on the run for long': Kash Patel announces 3 new FBI most wanted suspects in scam
Melania Trump earned $10.71 million from the Amazon MGM documentary about her, despite the film bringing in just $16 million at the box office against its reported $75 million production and promotional cost. The financial disclosure also reveals her earnings from her memoir and NFTs, while Amazon founder Jeff Bezos has denied claims that the documentary was linked to buying influence with the Trump administration.
'Communists are new face of Democrats!': Trumps sharp jab at Dems after El-Sayed's Michigan victory
Aurobindo Pharma posts record Q1 revenue of 9,150 crore; PAT up 25%
Broad-based growth across business segments helped the drugmaker deliver record quarterly sales and stronger profitability despite a dynamic global operating environment
Google shakes up AI leadership as DeepMind chief Demis Hassabis shifts role
Demis Hassabis becomes chief scientist, relinquishes DeepMind CEO role; Jeff Dean and other key engineers leave to found new startup; moves follow departure of two star researchers to AI rivals
With the addition of these 11 FTOs, Indias annual pilot training capacity is expected to increase by 750 cadets, providing a significant boost to the domestic training ecosystem
ONGC expects oil plus gas production of 39 MMTOE this fiscal, 40 MMTOE next year
In the analyst call, senior executive of ONGC stated they expect oil prices to hover at about $75 per barrel, which would also make it ideal to pursue deepwater exploration
As part of the partnership, Reliance Brands will operate SKIMS in India through both physical stores and digital platforms. The brand's first stores in the country will open in Delhi and Mumbai.
Bondada Engineering Q1 net up 29%, to capitalise on renewable energy, power and telecom
As Indias investments in renewable energy, power infrastructure, telecom and emerging technologies continue to accelerate, we are well positioned to capitalise on these opportunities
Netflixs Ted Sarandos meets PM Modi, launches skilling initiative for storytellers
Sarandos is on an India visit as the streaming giant is marking ten years of its presence in India
Banks welcome RBI's steady rates, see boost to credit growth
The Reserve Bank of India kept its benchmark repo rate steady at 5.25 percent. It also raised its economic growth forecast and lowered inflation projections. Bankers welcomed the policy stability and proposed regulatory measures for transparency. The central bank's decision reflects confidence in the domestic economy's resilience. This move supports credit flow to productive sectors and financial inclusion.
Yardley enters premium air care segment with Floralis; bets on fragrance-led lifestyle play
Yardley to initially offer air fresheners; plans to expand into car perfumes and other home fragrance products over the next six months
Cohance Lifesciences reports 45.19 crore loss in Q1 on lower revenue
Why Persistent Systems is skipping campus hiring for FY27?
Persistent Systems' decision comes as companies increasingly reassess campus recruitment plans, with AI changing workforce requirements and prompting employers to favour experienced professionals who already possess foundational AI skills.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities ended marginally higher despite sharp swings driven by closing auction session confusion. RBI maintained rates, raised FY27 GDP outlook and lowered inflation forecast. Realty, auto and metal stocks outperformed, while analysts expect Nifty to remain range-bound unless it decisively crosses 24,800.
DELSEY PARIS launches first Aluminium luggage line in India
The collection is available exclusively on Tata CLiQ Luxury
Imagicaaworld acquires 50% stake in Gujarat's Shanku's Water Park for 50 crore
Deal gives Imagicaaworld both an ownership stake and an operational role at the park, which it will rebrand as Aqua Imagicaa at Shankus
Q1 Results Today, 5th August 2026 Highlights:
Spotify rolls out Premium Rewards programme in India
Programme gives subscribers access to curated deals from brands including MakeMyTrip, Tira, Nykaa, Ajio Luxe, Gully Labs and Airbnb
Berger Paints Q1 net jumps 28.6% at 405 crore, revenue up 12%
The Kolkata-based company had posted a net profit of Rs 315.04 crore for the first quarter last fiscal. Its revenue from operations in Q1FY27 rose to Rs 3583.75 crore from Rs 3200.76 crore in Q1FY26.
Sebi settles case against India Power Corp's Raghav Raj Kanoria for Rs 24.7 lakh
The Securities and Exchange Board of India (Sebi) has concluded adjudication proceedings against Raghav Raj Kanoria, managing director of India Power Corporation. Kanoria has agreed to pay a settlement sum of Rs 24.7 lakh to settle allegations concerning misstatements in financial records for two fiscal years. He resolved the issue without admitting to any wrongdoing, leading to the conclusion of the proceedings.
Gland Pharma to set up sterile manufacturing suite for Neuland Labs
The objective is to serve growing worldwide demand for sterile APIs used in microparticle depot products and other complex sterile APIs
Gland Pharma to set up sterile manufacturing suite for Neuland Labs
The objective is to serve growing worldwide demand for sterile APIs used in microparticle depot products and other complex sterile APIs
Market Trading Guide: TBO Tek among 2 stock recommendations for Thursday
Indian markets surrendered early gains to end lower, but realty, auto and metal stocks outperformed. Analysts recommend Kirloskar Brothers and TBO Tek as breakout buys, citing bullish technical patterns, strong momentum, improving volumes and favourable risk-reward setups for short-term gains.
Rolls-Royce identifies India for advanced aero-engine manufacturing capabilities
Company sees India becoming globally competitive in compressor, turbine and rotating engine components as supply chain integration deepens
Zee acquires third football property Serie A for the next 5 years
Starting August 22, the matches will be streamed on Zee's digital platform Zee 5 and across the Unite8 Sports channels
Trai moves to stop 5G fast lanes from slowing other users
Draft quality-of-service rules would require operators to add capacity and remove overloaded cells from network slicing to protect service quality for all users.
RBI issues draft norms for 'on-tap' licensing of urban co-operative banks
The central bank reopens fresh approvals after a two-decade freeze, setting a 300-crore minimum net worth requirement while warning that licensing will remain highly selective.
PB Fintech reported a 92% year-on-year rise in Q1FY27 consolidated profit to Rs 163 crore, driven by robust insurance premium growth, higher operating revenue and improving margins. Operating revenue rose 40%, while total insurance premium increased 41%, supported by strong protection and health insurance demand.
Air India appoints Gebremariam as CEO & MD
Former Ethiopian Airlines chief to lead airlines next phase of international expansion and operational transformation
RBI hints Tata Sons may remain upper-layer NBFC
Governor Sanjay Malhotra said the central bank's principle-based framework will determine upper-layer NBFC status, while Tata Sons' listing question continues to hinge on its CIC licence application.
LIVE: Abdul El-Sayed Speaks After Michigan Democratic Senate Primary Victory, Sets Sights on Rogers
Assam CM Himanta Biswa Sarma visits flood-hit Sivasagar, Charaideo for fourth day
The Chief Minister arrived at Santak in Nazira, and visited flood-affected areas, relief camps, agricultural fields and residential areas. They interacted with the affected people and gained first-hand knowledge of their needs and the challenges they faced. They also reviewed the flood-relief and rehabilitation arrangements.
Trump claims Iran reached out for talks, says clarity may come in 48 hours
President Trump stated significant progress has been made in discussions with Iran. He indicated Iran has reached out seeking to engage in direct talks. The situation regarding potential agreements will become clearer within forty-eight hours. Trump also mentioned the Strait of Hormuz could reopen soon. He warned Iran would face severe consequences if a deal is not reached.
NITI Aayog calls for dedicated policy to regulate Indias caregiving ecosystem
In its report, released on Wednesday, the Aayog has called for promoting financial incentives and entrepreneurship for caregivers to make it scalable and profitable while also suggesting the need to introduce care leave to empower employees to provide necessary support to dependent parents or persons with chronic illnesses.
'Musk is a valid military target': Tesla CEO declares war on Far-Left after explosive threat claim
Psychology says people who never celebrate their achievements often experience one common bias
Psychology says people who never celebrate their achievements often experience cognitive biases that cause them to overlook or minimize their successes.
Biosimilars drive Biocons Q1 revenue growth, net profit up at 141 cr
The companys biosimilars business remained the key growth driver, with revenue increasing 16 per cent to 2,855 crore, while the Generics business grew 21 per cent to 760 crore.
GPS suddenly went dark. Minutes later, a medical plane crashed into a New Mexico mountain
A medical evacuation flight crashed in New Mexico after GPS failure. The aircraft lost navigation due to a military jamming exercise nearby. Air traffic control attempted to guide the plane after the GPS malfunction. Pilots switched to visual flight rules in darkness and crashed into mountains. The investigation suggests GPS interference was a key factor in the fatal incident.
The Reserve Bank of India is resuming urban cooperative bank licenses after two decades. Eligible credit societies need a minimum capital of Rs 300 crore and Rs 10,000 crore deposits. Applicants must show positive financial trends and sound credentials over five years. Societies with over ten years of existence and multi-state presence are eligible. The central bank will assess the fit and proper status of directors before approval.
Air India appoints Tewolde Gebremariam as CEO: 5 key challenges awaiting Campbell Wilson's successor
Air India has appointed Tewolde Gebremariam as CEO. Here's a look at the key challenges awaiting Campbell Wilson's successor, from losses to safety concerns and geopolitical disruptions.
India is a priority market for us: Riyadh Airs commercial head
The airline, backed by Saudi Arabias sovereign wealth fund, recently launched its services to Mumbai, its first international destination in India
RBI governor says IT systems of large banks strong, days after breach at BoB
RBI governor Sanjay Malhotra said that as new threats and vulnerabilities emerge with developments in the IT sector, banks and regulated entities are continuously strengthening their security and resilience.
Air India names former Ethiopian Airlines head Tewolde Gebremariam as CEO
The Tata Group-owned carrier hopes the aviation veteran can replicate his success at Africa's largest airline to stem mounting losses and steer its global expansion.
Marico says profitable growth is central to its strategy, aims to cross 15,000 cr by FY27-end
Our strategy of making fewer, bigger, bolder bets, coupled with our journey of premiumization and diversification agenda, is not only driving topline growth but has also significantly improved the profitability profile of our Foods and Digital businesses.
Audi India aims to double market share to 16% in the next 3 years
Company to launch three new products in next 1 year, starting with all-new Q3 this festive season
Air India Ltd. has appointed Tewolde Gebremariam as CEO, succeeding Campbell Wilson. Gebremariam, formerly with Ethiopian Airlines, will reportedly focus on stabilising international operations and addressing financial challenges following a record annual loss and impacts from geopolitical issues.
Sarvam raises $75 million from Nvidia, Gaja Capital, Indigo Ventures in Series B
The investment forms part of the companys $300 million Series B round at a post-money valuation of $1.5 billion, announced in June 2026
IBM opens FutureNow Centre in Visakhapatnam
The FutureNow Centre reflects IBMs focus on expanding innovation and delivery capabilities in emerging technology hubs across India
Rane (Madras) Ltd reports 63% increase in consolidated net profit in Q127
The majority of the investments were directed towards steering and linkages and brake components divisions.
Electronic Arts acquired by Saudi wealth fund and investor consortium in $55 billion deal
EA is now a private company after being acquired by Saudi Arabias Public Investment Fund for $55 billion, ending its 36-year run as a publicly listed firm. The move allows EA to focus on long-term strategy without the pressure of quarterly financial disclosures.
Pidilite Industries among 6 stocks to hit 52-week highs & surge up to 22% in a month
Sensex rose 152 points to close at 78,581 on Wednesday, with six BSE 100 stocks scaling fresh 52-week highs. TVS Motor, Paytm, JSW Steel, Samvardhana Motherson, Shriram Finance and Pidilite Industries reflected strong momentum, sustained buying interest and improving investor sentiment.
Top realtors line up massive launches to meet FY27 sales aim
After a weak Q1 marked by delayed launches, India's top four listed developers are betting on over 1 trillion of premium project launches to meet their ambitious FY27 sales targets. The success of these launches will be crucial for them to meet their annual sales targets.
Brent crude prices surged to $126 per barrel amid the Iran conflict, but later eased. Oil companies argue their profits are necessary for future investments, despite criticism over excessive earnings
The bank has demonstrated that it has control systems/guard rails in place to identify deviations, if any, and the oversight at committee levels is strong, chairman Rajiv Kumar said
Agarwal Toughened Glass reports 55 crore order book on strong demand
During the quarter, the company has also completed a significant capital raise, which has further strengthened the balance sheet for the next phase of growth
In 2025, the collective brand value of India's top 25 celebrities is $2 billion, with Shah Rukh Khan leading at $177.9 million. A notable rise in female celebrities marks a shift in endorsements, reflecting a changing landscape in celebrity brand power.
Strong El Nio could push 49 million more people into acute hunger, UN agency says
A powerful El Nino may push nearly 49 million more people into food insecurity. This event carries an 81% chance of being very strong, impacting vulnerable regions. Central America and Southern Africa face the most severe increases in food insecurity. Global food markets are strong, but conflict and crop losses could raise prices. Reduced funding hampers monitoring efforts, making crisis identification more difficult.
A Lok Sabha Secretariat director was found dead in his Noida apartment. Police discovered a purported suicide note referencing a loan during their investigation. The deceased, Gaurav Gautam, was discovered by his wife after she returned home. Medical professionals confirmed his death upon arrival at a local hospital. Authorities are continuing their examination of the recovered note and evidence.
The Supreme Court granted states six weeks to file responses on a consumer 'right to know' plea. This plea seeks to inform consumers about product quality, purity, and seller details. Several states and Union Territories have yet to submit their required responses. The court is considering the importance of informed consumer choices and protection.
Euro zone services revival drives activity in July but outlook clouded by Iran war, PMI shows
Euro zone business activity reached an eight-month high in July. Services activity rebounded, joining a strengthening manufacturing sector. Overall new orders saw their fastest pace since November. Employment stabilized after a six-month period of job losses. Input cost inflation eased to a five-month low.
The experts, who spoke at the sidelines of an industry event in Singapore, argued that partnerships between Indian companies and international exhibition organisers would help attract more overseas exhibitors and visitors while supporting exports in line with the government's Make in India initiative.
Commerce ministry notifies norms for inventory-based e-commerce exports
New Delhi has notified procedures for online companies undertaking cross-border e-commerce. The government recently allowed foreign-stakes e-commerce firms to hold inventory for exports. Operational procedures for this framework are now notified with immediate effect. These include registration, inventory management, and dispute resolution mechanisms. The Directorate General of Foreign Trade issued this public notice.
Hyderabad-based company donates Rs 2 crore to TTD's SV Pranadana Trust
A generous donation of two crore rupees has been made by a Hyderabad-based company to the TTD's SV Pranadana Trust, aimed at providing free medical aid to patients battling severe illnesses. The donation documents were formally presented to TTD additional executive officer Ch Venkaiah Chowdary. Since its establishment in November 2001, the trust has played a vital role in facilitating essential medical treatments for those in need.
UK PM Burnham considering inquiry into Epstein's UK activities, minister says
British Prime Minister Andy Burnham is considering a public inquiry into Jeffrey Epstein's UK activities. Victims minister Alex Davies-Jones confirmed the government is exploring all possibilities. The scandal has already led to arrests of prominent figures within the establishment. British police are investigating multiple allegations linked to the disgraced financier. The inquiry may also examine accusations against Mohamed al-Fayed.
India Inc goes on a global shopping spree with a new wishlist
Indian companies are increasingly pursuing strategic overseas acquisitions. They now focus on acquiring capabilities and technology rather than just scale. Stronger balance sheets and global valuation corrections fuel this trend. This shift represents a structural change in corporate growth strategies. Indian firms are sharpening their global competitive edge through these deals.
Lovlina Borgohain found continuing boxing after the Paris Games a significant achievement. She secured a silver medal at her third Commonwealth Games appearance. Indian boxers achieved a record ten medals, including seven golds, at the event. Coach Santiago Nieva hailed the historic performance and praised Sakshi's depth. The team now shifts focus to the Asian Games and Olympic qualification cycles.
