Business

ED seizes, freezes ₹33 crore assets of Vatika promoters in homebuyer 'fraud' case

The ED has seized and frozen assets worth ₹33 crore linked to Vatika Ltd promoters in a money laundering probe over alleged fraud with homebuyers. The agency alleged that plots worth ₹120 crore were delivered against ₹260.30 crore received.

India to get widespread rainfall over the week: IMD

Several parts of north-west, central and north-east India are likely to receive fairly widespread to widespread rain over the coming week, the weather office said.

Nvidia at heart of data centre revolution, says BNP Paribas; sees 36% upside

BNP Paribas has issued an outperform rating on Nvidia with a target price of $285, implying a 36% upside. The brokerage highlighted Nvidia's role in the data centre revolution, accelerated computing, strong Q2 financial results, and robust demand for its Blackwell and Vera Rubin platforms despite supply chain constraints.

Govt rules out onion export curbs, begins ₹35/kg buffer-stock sales

The government had sufficient stocks to meet domestic demand and would rely on buffer-stock releases and market interventions rather than restricting exports

‘Don’t ridicule her like this’: Grandma’s innocent conversation with ChatGPT leaves social media divided | Watch video

A grandmother's innocent chat with ChatGPT charmed social media as she mistook it for a real person. Her granddaughter documented the exchange, expressing reluctance to correct her Nani's misunderstanding.

US stocks today: Nasdaq leads Wall St after Nvidia quells AI fears

Wall Street opened higher on Thursday as technology stocks rallied following Nvidia's strong revenue forecast. The gain restored investor confidence in the broader artificial intelligence rally, lifting the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite at the opening bell, driven by robust buying across semiconductor and tech shares.

9/11 mastermind Khalid Sheikh Mohammed to face trial in June 2028

A spokesman for the US military commission at Guantanamo Bay, Cuba, where Mohammed is being held, said Thursday that the trial is scheduled to begin on June 5, 2028.

X suspends account of organisers of RSS chief Mohan Bhagwat's New York event

Mohan Bhagwat in US: The event, titled Universal Oneness Celebration, is scheduled to be held at Madison Square Garden on August 29, with Bhagwat set to headline the programme.

Wipro ADRs rise 5% after company expands Google Cloud AI partnership

Wipro ADRs gained 5% pre-market after expanding its Google Cloud partnership to scale Gemini Enterprise and agentic AI adoption. The company will deploy AI internally, train 10,000 specialists and help enterprises embed autonomous agents across core business workflows.

Subhash Chandra's ₹6.5 cr payout to settle dues cleared by NCLT; Congress calls it ‘mundan’: Key things to know

The NCLT approved a resolution plan by Subhash Chandra to settle ₹22,006.57 crore in claims with only ₹6.5 crore, representing a 99.97% reduction. NCLT Member (Judicial) Nilesh Sharma, acting as the third member of the tribunal, approved the resolution plan on Tuesday under Section 114 of IBC.

Is Donald Trump administration considering a new round of tariffs on semiconductors? Report reveals….

The Trump administration is considering a new tariff package on semiconductors and related electronic products, according to Politico. Commerce Secretary Howard Lutnick supports tariff relief for foreign companies that invest in U.S. semiconductor manufacturing to boost domestic production.

Solar Industries among 5 stocks hitting 52-week highs; surge up to 22% in a month

Five BSE 200 stocks hit fresh 52-week highs on Thursday despite a weak market. Divi’s Laboratories led the pack with a 22% monthly gain.

‘Complete mockery’: Congress slams Subhash Chandra’s 0.028% NCLT settlement plan; social media reacts

Congress has criticised a repayment plan involving Zee owner Subhash Chandra, arguing that creditors may recover only a fraction of their claims.

Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Nasdaq futures outperform after Nvidia puts AI fears to rest

Realty firm iUSTUS to develop 25 lakh sq ft of residential, commercial real estate in Bengaluru

Realty firm iUSTUS is set to embark on an ambitious project, developing a staggering twenty-five lakh square feet across South and East Bengaluru. Committed to excellence in quality construction and professional execution, the founders, Pawan Sawhney and Santosh Soni, leverage their extensive real estate backgrounds to foster lasting value for both communities and homebuyers.

India bonds wobble as supply, RBI cash-drain risks loom

On Thursday, investor appetite for Indian government bonds dwindled amidst fears of increased supply and concerns over RBI's liquidity stance. The results from the treasury bill auction reflected weak demand, driving yields upward. Speculation is building that the Reserve Bank of India may take steps to curtail excess liquidity, preparing for possible policy adjustments as inflationary pressures rise. Market analysts predict interest rate hikes within the next year.

Jackson Hole 2026: What to expect from Fed chair Kevin Warsh as markets stay on edge

Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech comes as markets grapple with sticky inflation, elevated oil prices and shifting rate expectations. Investors will watch for clues on the Fed’s policy path, while the dollar, Treasury yields and gold could react sharply to any change in Warsh’s tone.

Sebi proposes scrapping merchant banker requirement rule for small-ticket debt via private placement

Sebi has put forth a proposal to exempt small-value debt issuances from the requirement of appointing merchant bankers. This initiative is designed to lower compliance costs and foster market growth for listed companies. To qualify, issuers must be regulated and have been listed for a minimum of one year, along with providing an auditor’s certificate to confirm no recent defaults.

Meta US teen safety deal exposes Australia’s under-16 social media ban struggle

Meta’s US teen safety deal highlights Australia’s struggle to enforce its under-16 social media ban amid weak age checks and continued child access.

Fintech Paramotor Digital Technology gets Sebi nod for IPO

Paramotor Digital Technology has received Sebi approval for its IPO after confidentially filing draft papers in May. The fintech and enterprise technology company operates across spend management, rewards, digital gifting and software services through four business platforms.

Monthly Expiry shock: Did CAS fail its biggest test after Sensex loses 2,000 points in 6 minutes?

The Sensex witnessed a sharp late-session swing of over 2,000 points in six minutes on Thursday, raising fresh questions about the Closing Auction Session (CAS) on its first monthly derivatives expiry. The Nifty also ended lower as thin auction-window liquidity amplified volatility and drew renewed regulatory scrutiny.

Nepal Floods Live Updates: 332 bodies found, death toll hits 270, 650 foreigners missing

Nepal Floods Live Updates: Hundreds are feared missing after a glacier collapse caused catastrophic flash floods in border areas of China and Nepal. According to Nepal Police, the death toll has risen above 270, while more than 650 foreigners remain unaccounted for.

Quote of the day by Alfred Winslow Jones: "The tools that get investors and speculators in and out of the market only after some widely followed average has turned must obviously exaggerate the movements of the market"

Alfred Winslow Jones warned that investors reacting only after widely followed market averages turn can amplify market swings and lead to late decisions. His insight highlights crowd behaviour, momentum and the risks of chasing established trends instead of anticipating moves.