Judge Awards $250,000 to Musician Who Fled Trump-Led Kennedy Center Gig
GLOBAL NEWS | Wed, 12 Aug 2026, 3:56AM IST
The center had sued Chuck Redd when he canceled a free concert last year, citing the addition of the Trump name to the venue. But a judge dismissed the case.
Continue reading at The New York Times
40m
US stocks: US market ends down as Iran peace deal optimism fades
INDIA MARKET | Wed, 12 Aug 2026, 1:38AM IST
Wall Street closed lower as investors grew pessimistic about Middle East stability. Amazon and Alphabet stocks dipped, impacting major indices like the S&P 500. Brent crude futures held near one-week highs amid rising oil prices and uncertainty. Investors await crucial inflation data which will shape Federal Reserve policy expectations. Jabil climbed after an upgrade, while On and Venture Global shares fell.
Continue reading at Economic Times
2h
Feds Austan Goolsbee says inflation is the biggest problem on Fed rate signal
INDIA MARKET | Wed, 12 Aug 2026, 1:15AM IST
Chicago Fed President Austan Goolsbee has voiced significant worry over soaring inflation, recognizing it as the foremost challenge facing the economy today. While he deems the labor market stable, he doesn't classify it as vigorous. Meanwhile, traders are weighing the possibility of a rate hike in September, and experts expect consumer inflation data to indicate an uptick.
Continue reading at Economic Times
3h
Air India flight captain tests positive for substance abuse
INDIA BUSINESS | Wed, 12 Aug 2026, 12:51AM IST
An Air India pilot who operated the Phuket-Delhi flight that rapidly lost around 300 feet, injuring 17 passengers, tested positive for marijuana in a confirmatory test. DGCA rules allow rehabilitation after a first positive test, while Air Indias policy mandates termination.
Continue reading at Economic Times
3h
Regulator flags unauthorised mfg & sale of male infertility drug
INDIA BUSINESS | Wed, 12 Aug 2026, 12:47AM IST
Indias drug regulator has directed states to crack down on the unauthorised manufacture and sale of Enclomiphene products. CDSCO said the drug requires central approval and asked authorities to identify violators, take regulatory action and submit compliance reports.
Continue reading at Economic Times
3h
Sun will require HC nod for Semaglutide tablet launch
INDIA BUSINESS | Wed, 12 Aug 2026, 12:47AM IST
The Delhi High Court has directed Sun Pharma Laboratories to seek its approval before launching semaglutide tablets, following Novo Nordisks patent infringement plea. The court also sought Sun Pharmas response to Novo Nordisks claim of patent protection for the tablet formulation.
Continue reading at Economic Times
3h
IT-BPM hiring to fall over 26% in H1 of FY27
INDIA NEWS | Wed, 12 Aug 2026, 12:45AM IST
Bengaluru: India's IT-BPM industry is facing one of its weakest hiring phases in years, with net workforce additions expected to fall below 70,000 in the first half of FY27 (April-September), more than 26% below the estimated 95,000 added in the same period last year.According to technology consulting and talent advisory firm HAN Digital's India IT-BPM Workforce Outlook Report 2027, shared with ET, the 5.95-million-strong industry is undergoing a structural reset as companies lean on AI-driven productivity, leaner operating models and flexible talent.133164614Organisations are expected to focus more on targeted hiring for strategic, high-value capabilities and AI-specific roles, while using contract and flexible staffing to backfill attrition rather than pursue traditional headcount-led growth.Ongoing conflicts in West Asia and macroeconomic uncertainty are also pushing companies to exercise tighter cost controls."We expect overall net headcount growth across India's IT-BPM industry in FY27 to remain muted compared to last year, even as hiring activity gradually improves in select segments," said Saravanan Balasundaram, CEO, HAN Digital Solution. "At the same time, contract and flexible staffing will continue to gain momentum as enterprises increasingly favour project-based, outcome-driven talent models."The IT-BPM hiring outlook is weakening across all three major segments. IT services, consulting, Big 4 and product engineering firms are expected to add 22,000-25,000 people in H1 FY27, down from 35,000 in the year-ago period. Global capability centres remain the strongest growth drivers, but even here, additions are expected to drop to 30,000-32,000 in the first half from 45,000 last year. Hiring is concentrated mostly in AI/ML engineering, platform, cyber technology and domain-specialist roles rather than broad-based delivery headcount.Pure-play BPOs, MLOps (machine learning operations) players and tech startups are expected to add 8,000-10,000 people in April-September 2026, against 15,000 in the corresponding period last year, the report found.These projections reflect reported Q1 financials alongside insights from more than 350 companies surveyed.The West Asia crisis has heightened macroeconomic uncertainty, with customers delaying discretionary spending and slowing technology spending in sectors such as retail, travel and manufacturing, said Sangeeta Gupta, senior vice-president, Nasscom.
Continue reading at Economic Times
3h
Centre extends e2w subsidies under PM E-DRIVE till March 2028, boosts outlay to Rs 11,900 crore
INDIA BUSINESS | Wed, 12 Aug 2026, 12:42AM IST
Government subsidies for electric two-wheelers will continue until March 2028. The PM E-DRIVE scheme now has an additional 1,000 crore allocated. Electric two-wheeler sales have already surpassed initial program targets. Electric three-wheelers no longer require these government incentives. Electric buses received the largest subsidy allocation under the PM E-DRIVE scheme.
Continue reading at Economic Times
3h
Zee seeks clarity on promoter fundraise
INDIA BUSINESS | Wed, 12 Aug 2026, 12:42AM IST
Zee Entertainment seeks SEBI clarification on its proposed fundraise from promoters. The company also challenged the regulator's market access ban order at SAT. Hearings for the ICC TV rights dispute arbitration with JioStar have concluded. Both parties are now filing post-hearing briefs for the arbitration. An outcome for the arbitration is anticipated possibly in the third quarter.
Continue reading at Economic Times
3h
Regulator mandates full review of globally unapproved drugs
INDIA BUSINESS | Wed, 12 Aug 2026, 12:36AM IST
Indias drug regulator has clarified that new drugs not approved anywhere globally must undergo the full domestic regulatory process, even if Indian patients participated in global clinical trials. CDSCO said such applications require comprehensive safety and efficacy evaluation under existing rules.
Continue reading at Economic Times
4h
Offline vs Online: Appliance brands change models to ease discount war
INDIA BUSINESS | Wed, 12 Aug 2026, 12:15AM IST
Manufacturers are now selling distinct product versions online and in physical stores. This strategy aims to reduce conflicts arising from e-commerce discounting practices. Companies like LG and Haier offer varied features and warranties across sales channels. Online sales are steadily increasing their market share for appliances and electronics. This approach helps maintain relationships with a large dealer network.
Continue reading at Economic Times
4h
Why the US-Iran war continues to disrupt oil markets
INDIA COMMODITIES | Wed, 12 Aug 2026, 12:02AM IST
The oil market is witnessing unprecedented volatility amid the intensifying US-Iran hostilities. Iran's surprising maneuver to shut down the critical Hormuz waterway has caught the attention of global investors. President Trumps inconsistent remarks have also played a pivotal role in shaping market reactions. Despite the rise in crude prices, they remain below expert expectations.
Continue reading at Economic Times
4h
Vijay Singh steps down as vice-chairman of Sir Ratan Tata Trust
INDIA BUSINESS | Tue, 11 Aug 2026, 11:54PM IST
Tata Trusts vice-chairman Vijay Singh has stepped down as a trustee of Sir Ratan Tata Trust (SRTT) and has decided not to seek a renewal when his current term expires on August 14, people familiar with the matter said.
Singh, a former defence secretary, will continue as a trustee of the Sir Dorabji Tata Trust (SDTT), the people said.
Comments from Singh and Tata Trusts could not immediately be obtained.
The development comes amid differences among SRTT trustees, with the trust barred by the Maharashtra State Charity Commissioner from holding meetings of its board pending an inquiry into alleged violations of norms governing the composition of its board.
SRTT has approached the Charity Commissioner seeking removal of the restriction, citing its potential impact on the Trust's participation in Tata Sons' annual general meeting on August 18, sources said.
The Tata Sons AGM assumes significance as it will consider a resolution on the reappointment of N Chandrasekaran as a director. Hi
Continue reading at Business Standard
4h
Severe weather grounds flights in Indiana
INDIA NEWS | Tue, 11 Aug 2026, 11:49PM IST
CHICAGO: Severe weather cut power Tuesday in the Chicago area and northwestern Indiana as perilous storms pummeled the region, darkening the sky and carrying extreme wind gusts across state lines.Tornado warning sirens blared in Illinois and Indiana, and all flights were stopped by late morning at Chicago's two major airports. There were numerous reports of wind gusts of 80 mph (128 kph) or more at personal weather stations, with trees blown down."These are dangerous storms!" the National Weather Service said by late morning.More than 575,000 customers lost electricity in Illinois and Indiana, according to poweroutage.us. Lake County, Indiana, was especially hit hard.
Continue reading at Economic Times
4h
Stocks To Watch Today: HAL, Apollo Hospitals, Petronet LNG, Tata Motors And IRCTC
INDIA MARKET | Tue, 11 Aug 2026, 11:27PM IST
Here are the notable corporate announcements that came after Tuesday's market hours.
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5h
'K-Shaped' Credit Crisis: $1.26 Trillion Debt Highlights Widening US Financial Divide
INDIA MARKET | Tue, 11 Aug 2026, 11:20PM IST
US credit card debt nears record $1.26 trillion as more borrowers struggle to make payments
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5h
Shraddha Kapoor's Eetha Avoids Clash With Yash's Toxic, Gets December Release Date
INDIA MARKET | Tue, 11 Aug 2026, 11:17PM IST
Shraddha Kapoor's Eetha has been postponed to December, with the makers announcing a new theatrical release date.
Continue reading at NDTV
5h
SEBI Relaxes Timelines For Listed Municipalities To Submit Financial Results To Exchanges
INDIA MARKET | Tue, 11 Aug 2026, 11:15PM IST
Securities issued with a face value of Rs 10,000 will have a fixed maturity.
Continue reading at NDTV
5h
Railway coach supply to Bangladesh resumes a decade later
INDIA BUSINESS | Tue, 11 Aug 2026, 11:14PM IST
Indian Railways will resume supplying passenger coaches to Bangladesh after a decade. The Rail Coach Factory in Kapurthala is dispatching a 19-coach rake for Bangladesh Railway. This shipment includes AC sleeper, AC chair, and non-AC chair cars. The project is funded by the European Investment Bank and awarded to RITES. These coaches feature crashworthy design and a 415 V electrical system.
Continue reading at Economic Times
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