Business
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Bengaluru CEO won $500 hackathon prize at 15, turned down US college offer, now runs $50 million startup
Meet Naman Pushp, the 21-year-old founder and CEO of Airbound, focusing on drone delivery. It has reportedly completed more than 13,000 autonomous flights across Bengaluru and the Guntur region.
'Banque Misr to continue business as usual': UAE, Egypt central banks issue joint statement after US action
UAE and Egypt central banks affirmed coordination over Banque Misr's UAE branches after US action targeting their dollar transactions. They said the branches would take necessary measures to ensure Banque Misr continues its business as usual.
₹47,000 in India vs ₹22 lakh in US: Man says on Instagram he’s changing countries over healthcare
User Yuvaan Ibañez Garware on Instagram, spent 16 years in Pune, India. While his mom is Indian, his father is Colombian. Here's what he said about the healthcare facility in the country.
Trump to use Venezuelan oil to refill US petroleum reserve; details of deal remain unclear
Trump said the deal would give the US a stake in Venezuela's vast oil reserves and help revive the country's battered energy industry. The agreement follows the US capture of former Venezuelan President Nicolás Maduro in January. Maduro was taken to New York to face federal drug-trafficking charges.
Beer heist? 17,964 litres of alcohol valued at ₹66.76 lakh stolen in California, brand says ‘not a marketing stunt’
The Montclair Police Department is currently investigating the case who added the incidents could be part of two cargo thefts in August. No suspects have been identified.
WhatsApp group with 532 members, 82,000 messages, millions in cash transfers: Report exposes hawala network
The 532-member group, called “Traders of Greater Europe,” reportedly contained more than 82,000 messages exchanged between February and December 2022. The messages were used to arrange cash transfers across borders, including payments involving British cities such as London and Birmingham.
Nepal floods: 149 Indians rescued amid evacuation efforts, MEA releases names
India and China have joined intensified rescue and relief operations in flood-hit Nepal, where devastating flash floods along the Bhote Koshi and Trishuli river corridors have left workers trapped inside tunnels at hydropower projects.
At Least Seven People Die in Northern Cyprus Ferry Capsizing
At least seven people died after a ferry carrying about 267 capsized while sailing from Kyrenia in northern Cyprus to Tasucu in southern Turkey, the Anadolu news agency reported, citing Turkish Cypriot Prime Minister Unal Ustel.
Who is Divya Mittal? Why did IAS officer announce resignation on X after 13 years in civil services? What we know
Divya Mittal, the 2013-batch officer, served as district magistrate in three districts of Uttar Pradesh. She was posted as special secretary at the state government's Revenue Department.
India’s Forex Reserves Hit Record $729 Billion After $63 Billion Surge in Eight Weeks
India’s foreign exchange reserves have reached an all-time high of $729.33 billion, rising by $12.42 billion in the week ended August 21. The reserves have increased for eight consecutive weeks, gaining roughly $63 billion over the period. Strong foreign-currency inflows, particularly from NRI deposits mobilised through the RBI’s special swap facility, along with higher foreign-currency assets and gold valuations, have driven the surge.
Fertilizer management gets a digital overhaul for end-to-end tracking, subsidy targeting
The government is bringing farmer, land and crop data into its fertilizer tracking system, using data analytics for closer end-to-end monitoring. The move aims to spot supply gaps and any unusual purchases to better target fertilizer subsidies.
Miami man drops out of business college to sell Pokémon cards, clocks ₹74.4 crore sales
A man shared his entrepreneurial journey, going from earning $10 an hour at a croqueta bar to generating $7.8 million in sales in a year. He found his true calling through his love for Pokémon cards.
Bombay HC pulls up Maharashtra FDA over enforcement actions: What businesses need to know
The Bombay High Court has scrutinised Maharashtra FDA's enforcement actions against businesses, including Cipla, restaurants, hotels and dairies, questioning due process and proportionality while allowing relief in several cases.
India met FY26 fiscal consolidation target, says Sitharaman in the US
Speaking to members of the Indian diaspora in Chicago during her official visit to the US, India's finance minister, Nirmala Sitharaman, said the government had set a target of reducing borrowing to 50% of GDP by 2030.
From crude exporter to fuel importer: How Russia turned to India amid Ukrainian attacks on its refineries
Russia, one of the world's major crude exporters, has turned to gasoline imports after Ukrainian drone attacks disrupted its refineries. India has emerged as a key supplier, shipping nearly 1 million barrels of gasoline to Russia over the past two months.
