Stocks To Watch Today: BPCL, Swiggy, HCC, Eicher Motors And ONGC
INDIA MARKET | Wed, 19 Aug 2026, 7:00AM IST
Here are the notable corporate announcements that came after Tuesday's market hours.
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US stocks: Tech selloff weighs down Wall Street as bond yields climb
INDIA NEWS | Wed, 19 Aug 2026, 1:39AM IST
Wall Street closed lower on Tuesday with semiconductors leading technology declines as Middle East uncertainty pushed bond yields to multiyear peaks, feeding concerns about borrowing costs and inflation.Fading hopes for Middle East peace pushed oil prices higher, which in turn triggered an increase in U.S. 30-year Treasury bond yields to their highest levels since 2007. Ten-year bond yields touched their highest level since January 2025.The Philadelphia SE Semiconductor Index tumbled as investors fled stocks that had rallied previously on booming AI-related demand. Rising borrowing costs lowered how much investors were willing to pay for potential growth in technology profits."It starts off almost like a domino effect. Talks break down. That leads to oil prices going up. That leads to higher inflation expectations and bond yields rise," said Burns McKinney, portfolio manager at NFJ Investment Group. He added that "every time bond yields rise, that tends to disproportionately hit the technology names."According to preliminary data, the S&P 500 lost 51.97 points, or 0.67%, to end at 7,692.10 points, while the Nasdaq Composite lost 350.45 points, or 1.31%, to 26,294.46. The Dow Jones Industrial Average fell 115.93 points, or 0.22%, to 53,343.85.Among the S&P 500's 11 major sectors, the information technology sector created the biggest index-point drag on the day and was the benchmark's biggest percentage loser.The S&P 500's biggest drags from individual stocks came from chip companies, including leading AI chipmaker Nvidia and memory chipmaker Micron Technology, which fell on Tuesday after rising almost 18% in the previous five sessions.Other hard-hit stocks included data storage firms Sandisk and Western Digital, while the Roundhill Memory ETF tumbled after five straight sessions of gains."There's nothing that can crack a momentum rally quite like interest rates moving higher and you're getting evidence of that today," said Tony Welch, chief investment officer at SignatureFD, who added that rising yields suggested that Federal Reserve policy is too easy for the growth and inflation outlook.While they left high-growth sectors, investors flocked instead to more defensive sectors such as healthcare and consumer staples. Wall Street's fear gauge rose to its highest level since August 5. With support from rising oil prices, the S&P 500 energy sector also outperformed. By late afternoon, U.S. crude oil futures had pared most of their gains but still settled up 0.5%, after Iran threatened to shift to a "fully offensive" military posture and Washington ruled out extending a ceasefire deal. Shares of home-improvement retailer Home Depot inched up after beating second-quarter sales estimates.Investors awaited results due later this week from other retailers, including bellwether Walmart. Minutes from the U.S. Federal Reserve's July meeting, due on Wednesday, could offer more clues about how the central bank is assessing the current environment.Investors see Nvidia's upcoming quarterly report as the next big test for the AI-driven momentum.
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Outshine Frozen Fruit Bars Recalled Over Glass Contamination Concern
GLOBAL NEWS | Wed, 19 Aug 2026, 1:25AM IST
The parent company, Dreyers Grand Ice Cream, voluntarily recalled five flavors nationwide. No injuries linked to the recalled products have been reported.
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Mahanagar Gas eyes 1 million new PNG connections in FY27, capex raised
INDIA BUSINESS | Wed, 19 Aug 2026, 12:36AM IST
Mahanagar Gas Ltd is increasing capital expenditure by twenty percent this financial year. The company plans to triple daily piped natural gas connections to three thousand. They are targeting one million new piped natural gas connections driven by government policies. This expansion aims to convert households from liquefied petroleum gas to piped gas. MGL is increasing infrastructure spend to expand its existing network.
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Plea for pooled gas gains steam amid renewed tensions in West Asia
INDIA BUSINESS | Wed, 19 Aug 2026, 12:28AM IST
City gas firms want the government to reinstate a pooled gas mechanism. This is due to ongoing supply and price uncertainties in West Asia. The mechanism was previously withdrawn after a perceived easing of regional tensions. Companies are now seeking mid-term purchases to bridge supply gaps. A revival of pooled gas could stabilize prices for consumers and businesses.
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Small developers turn to insolvency courts as land costs push distressed real estate into focus
INDIA BUSINESS | Tue, 18 Aug 2026, 11:55PM IST
Small and mid-sized developers are increasingly using insolvency proceedings to acquire distressed real estate companies as land prices soar in major cities. With projects, development rights and urban assets on offer, NCLT-approved deals are rising, but buyers face risks involving titles, approvals, litigation, liabilities and stalled project execution.
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NHPC J&K project may get 18,700 cr subordinated debt
INDIA BUSINESS | Tue, 18 Aug 2026, 11:53PM IST
The power ministry is exploring subordinated debt for NHPC's Sawalkote project. This low-interest financing aims to support the large hydropower development in Jammu and Kashmir. The project's estimated cost stands at 31,380 crore, with approvals pending. India is accelerating hydropower projects, especially on western rivers. Other large projects in Arunachal Pradesh have also received government approval.
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SC to decide telecom firms plea for release of Rs 3,300 crore bank guarantees
INDIA BUSINESS | Tue, 18 Aug 2026, 11:48PM IST
The Supreme Court will decide pleas by Bharti Airtel, Vodafone Idea and other telecom operators seeking release of 3,300 crore in bank guarantees following a Bombay High Court ruling against retrospective one-time spectrum charges. The apex court declined to direct the government, noting it has not stayed the high court order.
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Wipro Consumer Care to acquire 60% stake in Dermatouch for Rs 387.5 crore
INDIA BUSINESS | Tue, 18 Aug 2026, 11:44PM IST
Wipro Consumer Care and Lighting will acquire a 60% stake in premium skincare brand Dermatouch at an enterprise value of 387.5 crore, marking its entry into digital-first brands. The remaining 40% will be acquired over three years. Dermatouch, founded by Anish Nagpal and Amit Purswani, reported 131 crore revenue in FY26.
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Indian Railways eyes cheaper green hydrogen to expand train operations
INDIA BUSINESS | Tue, 18 Aug 2026, 11:42PM IST
Indian Railways seeks to expand green hydrogen suppliers and reduce procurement costs. Hydrogen trains have already completed over 2,500 kilometers of commercial operations. The government offers incentives for electrolyzer manufacturing and green hydrogen production. India aims for a domestic green hydrogen capacity of 5 million metric tonnes by 2030. This progress makes affordable green hydrogen a realistic future possibility.
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Dabur, Ferns N Petals, Lotte India rectify labelling, advertising lapses after FSSAI notices
INDIA BUSINESS | Tue, 18 Aug 2026, 11:40PM IST
Food regulator FSSAI said Dabur India, Ferns N Petals, Lotte India and other food businesses have taken corrective measures after being flagged over labelling, product classification and advertising violations. The actions include revising product listings and labels, removing unsupported claims, updating promotional material and withdrawing non-compliant advertising.
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Apollo Hospitals extends services to all seven days of week
INDIA BUSINESS | Tue, 18 Aug 2026, 11:37PM IST
Apollo Hospitals will now offer routine healthcare services on Sundays. This initiative extends outpatient consultations and diagnostic services to weekends. Scheduled procedures and follow-up care will also be available, complementing existing emergency services. The hospital group aims to improve access for busy professionals and families. This move reinforces Apollo's commitment to preventive and timely medical care.
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US envoy Sergio Gor to visit Kashmir
INDIA NEWS | Tue, 18 Aug 2026, 11:35PM IST
Srinagar: US ambassador to India Sergio Gor is scheduled to arrive in Kashmir on August 19 for his first visit to the Union Territory since assuming charge earlier this year. He will then proceed to Ladakh.Gor is likely to meet lieutenant governor Manoj Sinha, chief minister Omar Abdullah, former chief minister Mehbooba Mufti and the general officer commanding of the Army's 15 Corps during his overnight stay in Srinagar.Also Read | US ambassador Gor to chart road map for India-US ties at ET WLFSecurity has been stepped up across Srinagar, with checkpoints erected at several places to ensure the visit concludes peacefully. Officials said a team from the US embassy was already in Srinagar to facilitate the meetings. This will be Gor's first visit to the Kashmir Valley since he formally took charge as the US ambassador to India.
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SC orders CBI probe against former Sammaan promoters
INDIA BUSINESS | Tue, 18 Aug 2026, 11:35PM IST
The apex court also directed the special court in Mumbai dealing with money-laundering cases to decide within two weeks on the CBI's plea seeking further investigation into a sixth transaction involving Rs 1,574 crore.
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Festive fever? Brands are spending big
INDIA NEWS | Tue, 18 Aug 2026, 11:31PM IST
Kolkata | New Delhi: India's leading consumer goods companies are committing enhanced marketing budgets this festive season, with several planning to raise spending by as much as 20% year-on-year, seeking to capitalise on healthy demand and partly outweigh pressure on margins. Dealers and retailers, meanwhile, have started adding inventory, signalling growing confidence in a volume-led recovery.Companies including Hyundai Motor, Maruti Suzuki, Hero MotoCorp, Amul, Parle Products, Haier, Havells, Hisense, and Godrej Appliances are stepping up marketing investments, betting on stronger demand during Onam this month through the Dhanteras-Diwali period in November-the country's biggest consumption window.Also read: Independence Day sales surge up to 25%, lifting festive demand133329699Hyundai and LG told analysts recently that dealers have started stocking festive inventory well ahead of the usual schedule to capitalise on booming demand, exemplified by record Independence Day sales."There is no doubt there is some pressure on margins" from commodity prices and rupee depreciation, said Haier India CEO Satish NS, but festive marketing remains critical to gaining market share. The country's third largest electronic company plans to spend around 60 crore on marketing this festive season.Dairy major Amul has also increased its marketing budget by nearly 20%, managing director Jayen Mehta said, citing "phenomenal growth" across categories through the year.The spending comes at a time when companies are grappling with margin headwinds. Most consumer-facing companies flagged higher input costs in their June quarter earnings, driven by raw-material inflation due to the West Asia crisis and a weaker rupee. With companies wary of passing on the full increase to consumers for fear of dampening demand, advertising and marketing budgets are emerging as a key lever to protect volumes and win market share.The festive quarter, spanning October to December, is traditionally the biggest marketing season for consumer electronics, smartphones, automobiles, two-wheelers, apparel and FMCG. Virat Khullar, head (marketing) at Hyundai Motor India said the company is getting "positive market signals and consumer sentiment leading into the festive season" and expects the momentum to strengthen further going forward. The company will have new vehicle launches, consumer offers, and consumer engagement through a "well-rounded marketing approach" leveraging digital platforms, television and print media.Also read: Festive demand set to lift FMCG growth, but margins face pressureHero MotoCorp chief business officer Ashutosh Varma said the company will continue to invest behind the brand through focused advertising and consumer engagement across its portfolio to strengthen customer consideration during the festive season.TV maker Hisense India is taking an even bigger bet. Its festive marketing budget will rise to around 8% of sales, from 4.5% last year, as it bolsters offline presence and sees healthy inventory loading, said Pankaj Rana, CEO.Havells, which doubled advertising expenditure in the June quarter from a year earlier, is set to maintain elevated spending, including on its Lloyd brand, the management told analysts. Arvind Fashions, which sells brands including Arrow, Tommy Hilfiger and Calvin Klein, has also stepped up marketing investments since the last quarter.For India Inc, the message is clear: with consumers showing signs of returning to market, companies are willing to spend to capture the festive rupee-even if it comes at expense of margins.
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'Hook, Hold, Harvest And Hide': Meta Faces Billions In Damages In Child Addiction Trial
INDIA MARKET | Tue, 18 Aug 2026, 11:30PM IST
Russell Coleman, the attorney general of Kentucky, referred to the legal dispute as "the largest consumer protection lawsuit in American history".
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AI Boom Rings Alarm Bells: ECB Economists Warn Market Crash Is Likely Around The Corner
INDIA MARKET | Tue, 18 Aug 2026, 11:30PM IST
According to economists, a correction is expected as "overconfident, overoptimistic investors" typically drive stock prices higher, more than its fundamental value, resulting in a crash when that frenzy fades.
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INDIA BUSINESS | Tue, 18 Aug 2026, 11:29PM IST
Directed by Nitesh Tiwari and produced by Namit Malhotra, the Rs 4,000-crore project is being mounted at a scale more commonly associated with Hollywood event films. Sony Pictures is handling worldwide distribution, giving the film access to a global distribution network from the outset.
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Inflation Or Uncertainty? Home Depot Reveals What's Worrying Buyers Despite Means To Spend
INDIA MARKET | Tue, 18 Aug 2026, 11:25PM IST
Despite the strong quarter, Home Depot continues to operate in what McPhail described as "frozen housing market conditions".
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'Stop Waiting For Clown Crew: Iran's Ghalibaf Tears Into Bessent, Hegseth Over US Demands
INDIA MARKET | Tue, 18 Aug 2026, 11:24PM IST
Mohammad Bagher Ghalibaf has accused the US of pressuring Iran for concessions never included in an agreement.
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INDIA BUSINESS | Tue, 18 Aug 2026, 11:23PM IST
Volkswagen Group is open to ceding majority control in its Indian operations to a local partner as Skoda Auto moves closer to signing an MoU within weeks. Skoda CEO Klaus Zellmer said majority ownership is not an issue, stressing that a partnership could deliver greater scale, local decision-making and investment capacity.
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Anthropic pre-IPO credit facility set to climb past $10 billion
INDIA NEWS | Tue, 18 Aug 2026, 11:14PM IST
Anthropic PBCs revolving credit facility is set to rise above its roughly $10 billion target, according to people familiar with the matter, as the artificial intelligence firm prepares for a highly anticipated initial public offering.The Claude chatbot makers proposed expansion of its so-called revolver is drawing a clutch of banks seeking to bolster their pitch for roles on the IPO, said the people, who asked not to be identified because the information isnt public. Discussions are ongoing and the company could decide to limit the size of the revolver to the target or even below, the people said.Anthropic has asked the most active banks leading the credit line to lend about $1.25 billion, with the next level of active banks being encouraged to offer around $1 billion, and with the commitments dropping to roughly $750 million and lower for less active roles, some of the people said.Generally, in syndicated loans, the higher the commitment of a bank, the higher the fees it gets paid by a borrower. When a large capital market transaction is expected, a higher ranking in a loan is likely to correspond to a more active role in the upcoming deal.A representative for Anthropic declined to comment.The AI developers race to go public gives it an opportunity to follow the lead of companies like SpaceX, which expanded its revolving credit facility to $5 billion in May from an earlier $1.5 billion, the prospectus showed, just a month before its record-breaking IPO. The bank lineup on that offering was substantially the same as those working on the IPO.A $10 billion-plus revolving credit line would be a substantial increase over a $2.5 billion five-year facility Anthropic secured last year, with participation from Morgan Stanley, Barclays Plc, Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Royal Bank of Canada and Mitsubishi UFJ Financial Group, according to a LinkedIn post at the time.Anthropic is working with Morgan Stanley, Goldman Sachs and JPMorgan on the IPO, Bloomberg News has reported.The expanded lending facility comes weeks after banks led by Morgan Stanley were in talks to line up $15 billion of debt for an Anthropic data-center project in Texas, backstopped by Alphabet Inc.s Google, Bloomberg News reported. That package for data-center developer Nexus Data Centers would consist of a $14 billion bridge loan and a revolving credit facility, people familiar with the matter have said.The AI race has fired up the IPO market, with listings this year raising $257 billion, excluding blank-check firms and other financial vehicles, according to data compiled by Bloomberg. Thats the most raised in a year since 2021, the data show.Anthropic and its rival OpenAI have filed confidential paperwork to go public, with Anthropic expected to make its Wall Street debut as soon as this fall, ahead of OpenAI.Bank of America Corp. handed a $520 million credit line to OpenAI earlier this summer as it joined an existing undrawn facility set up by competitors, Bloomberg News reported, boosting the capital available for OpenAI to more than $5 billion.Anthropics run rate, a metric that projects full-year revenuefrom a shorter period, hit $65 billion by the end of July, Bloomberg News reported on Monday. The dramatic acceleration in revenue bolsters Anthropics plans for a public listing.The company reported a preliminary revenue figure of more than $11.5 billion in its latest completed quarter, compared with $787 million in the corresponding period in 2025, according to documents seen by Bloomberg News. It also reported positive adjusted operating income for the quarter, the documents show.Anthropic is meeting with investors ahead of its potential mega-IPO, people familiar with the matter said in July.
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Mohanlal's Seven-Film Slate: Priyadarshan, Jeethu Joseph And More Directors Confirmed
INDIA MARKET | Tue, 18 Aug 2026, 11:10PM IST
Mohanlal announces seven upcoming films with Priyadarshan, Jeethu Joseph and other Malayalam directors.
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RBI's August 31 deadline nears: Private banks step up FCNR(B) push
INDIA MARKET | Tue, 18 Aug 2026, 11:08PM IST
Banks are raising interest rates, using website countdown timers, fast-tracking deposit commitments and tapping overseas bond markets as the RBI deadline approaches
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Bond Sell-Off Sends Borrowing Costs to Highest Level Since 2007
GLOBAL NEWS | Tue, 18 Aug 2026, 11:04PM IST
Yields on the 30-year U.S. Treasury and government bonds across the world rose to multiyear highs as investors fret about inflation, deficits and A.I. spending.
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Israeli Offensive Stays Unabated In Gaza, Six More Killed In Fresh Air Strike
INDIA MARKET | Tue, 18 Aug 2026, 11:01PM IST
Six killed in Gaza strike as Israeli offensive continues despite Trump's call
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UAE Accuses Iran Of Firing Two Ballistic Missiles As Gulf Tensions Re-Escalate
INDIA MARKET | Tue, 18 Aug 2026, 10:58PM IST
Iran targets UAE with two missiles as Gulf tensions escalate
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Apple To Charge 5% Commission On Apps Distributed Outside App Store In EU
INDIA MARKET | Tue, 18 Aug 2026, 10:56PM IST
Apple is changing EU App Store rules with new commissions for alternative payments and app distribution.
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Bill Rasmussen, Who Launched World's First 24-Hour Sports Network ESPN, Dies At 93
INDIA MARKET | Tue, 18 Aug 2026, 10:54PM IST
File image of ESPN pioneer Bill Rasmussen
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Milky Mist shares gain 30%; India Exposition Mart files DRHP with Sebi
INDIA MARKET | Tue, 18 Aug 2026, 10:50PM IST
Milky Mist Dairy Food makes a strong market debut, while India Exposition Mart files for an IPO and Augmont Enterprises sets a price band for its public issue
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Govt Launches Incentive Scheme To Help Households Switch From LPG To PNG
INDIA MARKET | Tue, 18 Aug 2026, 10:48PM IST
India's new PNG incentive scheme seeks to boost domestic gas connections by improving returns for CGD companies.
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Jio Reintroduces Prime Membership Plan, Priced At Rs 300, Days After Airtel Rejig
INDIA MARKET | Tue, 18 Aug 2026, 10:48PM IST
Jio said the Rs 300 Prime membership will remain available to existing prepaid and postpaid customers.
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Prudential gets CCI nod to acquire 75 pc stake in Bharti Life Insurance
INDIA BUSINESS | Tue, 18 Aug 2026, 10:41PM IST
India's fair trade regulator CCI has approved Prudential Corporation Holdings' stake acquisition. This acquisition involves a significant equity shareholding in Bharti Life Insurance Company. UK-based Prudential plc will acquire a majority 75 percent stake for Rs 3,500 crore. The transaction requires Prudential to reduce its holding in an existing venture. Post completion, Prudential's Indian operations will include majority-owned Bharti Life Insurance.
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RRBs' gross loans rise 10.3 pc to Rs 5.78 lakh crore in FY26; PSL achievement at 91.7 pc
INDIA BUSINESS | Tue, 18 Aug 2026, 10:41PM IST
Regional Rural Banks saw gross loans rise 10.3 percent to Rs 5,78,349 crore. Their performance under Priority Sector Lending targets remained strong, achieving 91.7 percent. Agriculture and allied activities formed the largest credit component, accounting for 77 percent. MSME lending focused on micro enterprises, supporting rural entrepreneurs and small businesses. RRBs also extended significant credit to weaker sections and inclusive development areas.
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