Malaysian Pilot Smuggled 55 Pounds of Ecstasy Into Indonesia, Officials Say
GLOBAL NEWS | Thu, 6 Aug 2026, 1:55AM IST
The pilot, identified only by his initials, also tested positive for ecstasy and cocaine when he was arrested last week at the Jakarta airport, the Indonesian police said.
Continue reading at The New York Times
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US stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq
INDIA MARKET | Thu, 6 Aug 2026, 1:41AM IST
The Dow Jones Industrial Average achieved an all-time high on Wednesday, driven by rising optimism over potential peace talks with Iran. Meanwhile, both SpaceX and AMD saw their stock prices drop following their earnings announcements. The growth in private payrolls also showed signs of cooling in July, reflecting a steady job market, as market watchers keep a keen eye on inflationary pressures and the Federal Reserve's next moves.
Continue reading at Economic Times
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No decision yet on merchant discount rate on UPI deals
INDIA BUSINESS | Thu, 6 Aug 2026, 1:10AM IST
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.
Continue reading at Economic Times
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SECI seeks CO suppliers for green urea, methanol projects
INDIA BUSINESS | Thu, 6 Aug 2026, 1:06AM IST
India's Solar Energy Corporation is seeking carbon dioxide suppliers for green urea and methanol. This initiative aims to identify potential sources for upcoming green chemical projects. Green methanol and urea production requires carbon dioxide and green hydrogen. Securing reliable carbon dioxide supplies is critical for domestic production and exports. The move supports India's green hydrogen ecosystem and decarbonization goals.
Continue reading at Economic Times
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Liquidity to peak in Sept, but big surplus won't last long: RBI
INDIA BUSINESS | Thu, 6 Aug 2026, 1:05AM IST
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.
Continue reading at Economic Times
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US stocks: Alphabet shares fall 4% as DeepMind chief shifts role in Googles AI shakeup
INDIA MARKET | Thu, 6 Aug 2026, 1:02AM IST
Alphabet's Class C shares declined significantly after a major AI leadership restructuring. DeepMind CEO Demis Hassabis is moving to a new chief scientist role. Several prominent Gemini researchers have departed the company recently. This overhaul occurs as Google DeepMind faces challenges with its latest AI model. The company's cloud business, however, continues to show strong revenue growth.
Continue reading at Economic Times
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No case for early closure or extension of swap window: RBI
INDIA BUSINESS | Thu, 6 Aug 2026, 12:56AM IST
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.
Continue reading at Economic Times
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Regulators weigh bringing insurance surety bonds under RBI's CRILC
INDIA BUSINESS | Thu, 6 Aug 2026, 12:51AM IST
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.
Continue reading at Economic Times
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INDIA BUSINESS | Thu, 6 Aug 2026, 12:51AM IST
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.
Continue reading at Economic Times
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Delhi HC seeks response on Natco's patent challenge plea
INDIA BUSINESS | Thu, 6 Aug 2026, 12:49AM IST
The Delhi High Court is reviewing Natco Pharma's challenge to a breast cancer drug patent. Natco alleges Novartis and Astex secured two patents for the same invention. This action, Natco claims, unlawfully extends patent protection for the Ribociclib molecule. The court will first determine the petition's maintainability after legal arguments. The case has been scheduled for further hearing on September 16.
Continue reading at Economic Times
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Bhartiya Hospitality, EIH partner to build 20 uber-luxury resorts
INDIA BUSINESS | Thu, 6 Aug 2026, 12:29AM IST
Bhartiya Hospitality and Oberoi Group will partner for twenty luxury resorts. These resorts will be developed across India and international locations. Initial locations include Coorg, Kabini, and Hampi for these new properties. The companies announced that these resorts are scheduled to open by 2030. Oberoi Group will manage resorts encouraging longer guest stays.
Continue reading at Economic Times
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Eicher Motors leases 4 lakh sq ft in Sriperumbudur industrial park
INDIA BUSINESS | Thu, 6 Aug 2026, 12:26AM IST
Eicher Motors secured nearly 400,000 sq ft on lease in Sriperumbudur. This expansion supports Royal Enfield's growing manufacturing footprint in Tamil Nadu. The company will invest significantly in a new plant in Andhra Pradesh. This new facility will boost Royal Enfield's total annual motorcycle capacity. Sriperumbudur remains a key manufacturing hub attracting automotive investments.
Continue reading at Economic Times
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Airtel plans data centre, fibre push as it targets next growth phase
INDIA BUSINESS | Thu, 6 Aug 2026, 12:23AM IST
In a bold move, Bharti Airtel is set to increase its data centre capacity to one gigawatt while also expanding its fibre network across key Indian cities. The company envisions financial services as a primary growth engine, utilizing established digital platforms to their full potential. Additionally, it is focusing on integrating artificial intelligence to boost operational efficiency.
Continue reading at Economic Times
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Eli Lilly raises annual revenue expectation as GLP-1 drugs fuel growth
INDIA MARKET | Thu, 6 Aug 2026, 12:22AM IST
Eli Lilly raised its full-year revenue forecast after stronger-than-expected quarterly results, driven by robust demand for Mounjaro and Zepbound
Continue reading at Business Standard
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FY27 will be Vis year of execution, says Kumar Mangalam Birla
INDIA BUSINESS | Thu, 6 Aug 2026, 12:19AM IST
In an exciting turn for Vodafone Idea, chairman Kumar Mangalam Birla has announced a critical new execution phase for the company. This development follows the settlement of long-existing financial challenges and a rise in subscriber numbers. The telecom giant is now gearing up to ramp up network investments and enhance its market competitiveness.
Continue reading at Economic Times
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Trai proposes 5G network slicing rules to protect service quality
INDIA BUSINESS | Thu, 6 Aug 2026, 12:16AM IST
Trai has unveiled a set of new quality of service guidelines for 5G network slicing aimed at safeguarding subscribers from service deterioration. Telecom operators are now permitted to implement distinct pricing for 4G and 5G offerings. Every network slice will be considered an independent tariff category, with a mandate for operators to reveal the measured speeds associated with each network slice.
Continue reading at Economic Times
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Air India names Ethiopian Airlines veteran Tewolde Gebremariam as CEO
INDIA BUSINESS | Thu, 6 Aug 2026, 12:13AM IST
In a strategic move, Air India has welcomed Tewolde Gebremariam as its new chief executive officer. Gebremariam, who achieved remarkable success with Ethiopian Airlines, is stepping into a role that comes with hefty expectations amidst Tata Group's efforts to revive the airline. Following substantial losses since the 2022 acquisition, Gebremariam's proven expertise is anticipated to play a pivotal role in shaping Air India's recovery and growth trajectory.
Continue reading at Economic Times
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Clean social image makes stars the new heroes of the ad world
INDIA BUSINESS | Thu, 6 Aug 2026, 12:09AM IST
Advertisers have shifted their focus, now putting greater emphasis on a celebrity's social media impact rather than their filmography for endorsement deals. Shah Rukh Khan exemplifies this trend, maintaining a strong brand presence without any recent cinematic releases. Digital endorsement agreements constitute a noteworthy part of total deals, with brands prioritizing favorable online opinions and innovative content creation as evaluation criteria.
Continue reading at Economic Times
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AlcoBev makers challenge FSSAI directive over flavoring, labelling norms in High Courts
INDIA BUSINESS | Thu, 6 Aug 2026, 12:02AM IST
In a significant move, United Spirits and Associated Alcohol & Breweries are contesting a directive from the food regulator regarding flavor regulations. They've launched court cases aimed at questioning the FSSAIs stance on allowing flavors that mimic natural profiles. This legal action highlights a broader industry dialogue with the food regulator, focusing on the clarity and application of flavoring rules within the beverage sector.
Continue reading at Economic Times
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Berger Q1 net profit jumps 29% as decorative paints drive growth
INDIA BUSINESS | Wed, 5 Aug 2026, 11:57PM IST
In the June quarter, Berger Paints India experienced a remarkable increase in profits, with its decorative paints segment marking its best growth in twelve quarters. Additionally, the automotive sector demonstrated strong demand. The company achieved high single-digit volume growth, with a value growth of 12.7 percent, driven largely by recent price adjustments.
Continue reading at Economic Times
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Kingfisher maker United Breweries cuts West Asia crisis impact estimate to 350-400 crore
INDIA BUSINESS | Wed, 5 Aug 2026, 11:54PM IST
United Breweries is now projecting that the ongoing West Asia crisis will have a reduced effect on its earnings. Strong price adjustments in twenty-two states have significantly mitigated the challenges posed by increasing input and supply-chain costs. Despite successfully executing most of its recovery strategies, the volatility stemming from the West Asia situation remains pronounced, making it too soon to claim that the peak of cost pressures has been reached.
Continue reading at Economic Times
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InterGlobe Hotels gets CCI nod for merger with multiple hospitality firms
INDIA BUSINESS | Wed, 5 Aug 2026, 11:51PM IST
In a landmark decision, the Competition Commission of India has approved a notable merger involving InterGlobe Hotels, which will see multiple hotel entities join forces. This joint venture, partnering the parent company of IndiGo with a prominent French hospitality giant, will include an array of hotel management and development companies, solidifying the alliance between the Bhatia and Accor groups.
Continue reading at Economic Times
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Novelis targets debt reduction as it aims to bring leverage below 4x
INDIA BUSINESS | Wed, 5 Aug 2026, 11:48PM IST
By fiscal year-end, Novelis expects its net leverage ratio to fall beneath four times, as they wind down their peak capital expenditure efforts. As of the June quarter, the adjusted net debt to adjusted EBITDA ratio was recorded at 4.5 times. Moreover, operations have resumed at the Oswego hot mill, with ongoing insurance recoveries. Novelis is optimistic about generating positive free cash flow before the year concludes.
Continue reading at Economic Times
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A dovish pause: RBI holds steady, rate hike off the table in FY27
INDIA BUSINESS | Wed, 5 Aug 2026, 11:42PM IST
The RBI cited uncertainties around the monsoon, El Nino, geopolitics and global trade while opting to keep policy rates unchanged for a fourth meeting
Continue reading at Business Standard
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No Governance-Related Concerns At Systemic Level, New HDFC Bank Chairman Says
INDIA MARKET | Wed, 5 Aug 2026, 11:38PM IST
Rajiv Kumar said large banks such as HDFC Bank are bound to face issues from time to time, but what matters is resolving them promptly.
Continue reading at NDTV
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$26,000 Lab Monkeys Show China's Quest to Rival US Biotech
INDIA MARKET | Wed, 5 Aug 2026, 11:32PM IST
The situation is reminiscent of monkeyshortagesduring the Covid pandemic.
Continue reading at NDTV
2h
SC says media free to report court proceedings despite clip curbs
INDIA BUSINESS | Wed, 5 Aug 2026, 11:23PM IST
The Supreme Court clarified that its recent interim order restricting the sharing and uploading of audio and video clips of court hearings does not prohibit news organisations from reporting judicial proceedings. The court said the restriction is limited to the use of audio and video recordings of hearings in news reports, while routine reportage of court proceedings remains unaffected.
Continue reading at Economic Times
3h
Jos Buttler Smashes New Record, Becomes T20 Cricket's All-Time Leading Run-Scorer
INDIA MARKET | Wed, 5 Aug 2026, 11:23PM IST
Buttler remained unbeaten on 51 off 20 balls, wrapping up the chase with back-to-back sixes off Lockie Ferguson.
Continue reading at NDTV
3h
US Lifts Sanctions On Three Entities Tied To Iran's IRGC Amid Truce Talks
INDIA MARKET | Wed, 5 Aug 2026, 11:22PM IST
Due to purported ties to Iran, the US had previously imposed sanctions on the business and the two aircraft.
Continue reading at NDTV
3h
INDIA BUSINESS | Wed, 5 Aug 2026, 11:21PM IST
The Directorate General of Civil Aviation is investigating severe turbulence on an Air India flight. The aircraft experienced a sudden loss of altitude during its journey from Phuket. Medical teams attended to injured passengers and crew immediately upon arrival in Delhi. Several individuals were admitted to hospitals for further medical evaluation and treatment. The DGCA has secured all crucial evidence for a thorough investigation into the incident.
Continue reading at Economic Times
3h
Trading F&O Stocks? BSE Issues Key Advisory On New Closing Auction Rules
INDIA MARKET | Wed, 5 Aug 2026, 11:19PM IST
BSE asks F&O; traders to understand new Closing Auction Session framework before trading.
Continue reading at NDTV
3h
LIC OFS ends with retail portion undersubscribed, institutions drive demand
INDIA BUSINESS | Wed, 5 Aug 2026, 11:17PM IST
Retail investors bid for only 69% of the shares reserved for them, even as institutional interest prompted the government to increase the offer size
Continue reading at Business Standard
3h
SpaceX draws retail investors despite fall in shares post earnings
INDIA MARKET | Wed, 5 Aug 2026, 11:16PM IST
Retail investors bought SpaceX shares on Wednesday after a significant price drop. Individual traders purchased over twenty-two million dollars worth of stock. This buying activity followed the company's first earnings report since its public debut. SpaceX shares experienced a notable decline, falling below one hundred ten dollars. The company reported increased AI revenue and new cloud agreements.
Continue reading at Economic Times
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'Our endeavour is to bring inflation in line with target over medium term'
INDIA BUSINESS | Wed, 5 Aug 2026, 11:01PM IST
RBI Governor Sanjay Malhotra said policy will remain guided by headline inflation and evolving growth dynamics, while reaffirming the central bank's data-dependent approach
Continue reading at Business Standard
3h
Manipal Health shares jump 11%; Ardee Industries IPO booked 3x on Day 1
INDIA MARKET | Wed, 5 Aug 2026, 10:55PM IST
Manipal Health shares debut with strong listing gains, while Ardee Industries' IPO attracts robust investor interest on the first day of bidding
Continue reading at Business Standard
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Gujarat Govt Bans Analogue Paneer, Cheese And Butter Citing Public Health Concerns
INDIA MARKET | Wed, 5 Aug 2026, 10:54PM IST
The decision was announced by the Health and Family Welfare Department, which said the ban has been imposed under the provisions of the Food Safety and Standards Act, 2006, after food safety authorities detected substandard analogue or artificial dairy products during inspections and laboratory testing across the state.
Continue reading at NDTV
3h
USFDA issues warning letter to Dabur over CGMP lapses at Silvassa plant
INDIA BUSINESS | Wed, 5 Aug 2026, 10:54PM IST
The US Food and Drug Administration (USFDA) has issued a warning letter to home-grown FMCG major Dabur India citing significant violations of current good manufacturing practices (CGMP) at its pharmaceutical manufacturing facility in Silvassa.
The warning letter follows an inspection conducted by the US health regulator at the company's facility in Silvassa, Dadra and Nagar Haveli and Daman and Diu, from January to December 16, 2026.
USDFA, in its letter dated July 24, 2027, to Dabur India CEO Mohit Malhotra, has pointed out data integrity lapses, inadequate quality oversight and deficient manufacturing controls.
According to the USFDA, the facility's methods, controls and manufacturing practices did not conform to CGMP requirements, resulting in the products being considered "adulterated" under the US Federal Food, Drug and Cosmetic Act.
Among the most serious findings, the USFDA said its investigator discovered that an equipment usage logbook provided by the company for a ...
Continue reading at Business Standard
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SpaceX's shares fall, AI splurge puts damper on first earnings after IPO
INDIA MARKET | Wed, 5 Aug 2026, 10:53PM IST
SpaceX shares fell after the company disclosed a sharp rise in AI spending, overshadowing stronger-than-expected revenue in its first earnings report after listing
Continue reading at Business Standard
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Bayer CropScience Q1 net profit climbs 15% to 321.6 cr on better margins
INDIA BUSINESS | Wed, 5 Aug 2026, 10:53PM IST
Bayer CropScience, the Indian unit of German crop science group Bayer AG, on Wednesday posted a 15.39 per cent rise in net profit to Rs 321.6 crore for the first quarter of FY27, supported by improved gross margins driven by favourable pricing actions and a stronger product mix.
The company reported a net profit of Rs 278.7 crore a year earlier, according to a regulatory filing.
Its total income declined marginally by 0.48 per cent to Rs 1,923.9 crore in the first quarter of 2026-27 from Rs 1,933.3 crore in the year-ago period.
Expenses declined 5 per cent to Rs 1,521.8 crore against Rs 1,598.1 crore.
Bayer CropScience Vice Chairman, Managing Director and CEO Simon Wiebusch said, "We delivered a resilient start to FY2026-27, with our performance reflecting disciplined execution amid challenging weather and evolving market conditions".
The quarter reflected market dynamics across regions and product offerings.
Corn seeds sustained momentum despite an overall decline in acreage, ..
Continue reading at Business Standard
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Google shakes up AI leadership, DeepMind CEO Hassabis new chief scientist
INDIA BUSINESS | Wed, 5 Aug 2026, 10:52PM IST
Alphabet named Demis Hassabis its chief scientist while several senior Gemini leaders, including Jeff Dean, left to launch a new AI startup.
Continue reading at Business Standard
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