Business
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A91 Partners and Sixth Sense-backed Pushp Brand gets SEBI nod for IPO, to offer 74.45 lakh shares via OFS
Pushp Brand, backed by A91 Partners and Sixth Sense, has received SEBI approval for its IPO, comprising an OFS of up to 74.45 lakh shares. The Indore-based packaged spices company has expanded across 24 states and union territories, while posting strong revenue, EBITDA and profit growth alongside improving margins.
Systematix initiates coverage on Timex Group India with Buy rating. Check target price
Systematix has initiated coverage on Timex Group India with a Buy rating and a target price of Rs 820, implying around 30% upside. The brokerage expects strong growth through FY29, with revenue, EBITDA and adjusted PAT projected to grow at CAGRs of 29.1%, 37.3% and 40.5%, respectively, supported by premiumisation, margin expansion and strong cash generation.
US Stock Market: Bessent-Warsh divide deepens over US interest rates and Treasury market strategy
Treasury Secretary Scott Bessent and Fed Chair Kevin Warsh are taking different approaches to US interest rates and the Treasury market. While Bessent is pushing greater use of debt-management tools to support longer-term bonds, Warsh favours conventional rate policy and less intervention, as fiscal deficits continue to pressure Treasury yields.
US Stock Market: Jackson Hole Symposium in focus as investors seek clarity on Fed policy
Investors are turning to Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech for clues on the U.S. central bank’s rate path, as elevated inflation and rising Treasury yields complicate the policy outlook. Markets are seeking greater clarity on the Fed’s inflation target and the role of bond yields in tightening financial conditions.
FM Sitharaman pitches India to Canadian investors, seeks deeper investment flows
Finance minister Nirmala Sitharaman met leaders of CPPIB, Ontario Teachers’ and Canaccord Genuity in Toronto, seeking deeper Canadian investment in Indian infrastructure, technology, critical minerals and other growth sectors.
German auto parts maker Mahle said to revisit IPO for India unit
German auto parts maker Mahle GmbH is revisiting plans to list its Indian business in Mumbai, according to people familiar with the matter. The potential IPO could raise around $300 million to $400 million, with the company expected to appoint advisers and begin preparations soon. Mahle had previously considered an India listing in 2024 but did not proceed.
Global Market | Shein set to raise $1.7 billion in Hong Kong IPO at $26.5 billion valuation: Reports
Shein is expected to price its Hong Kong IPO near HK$48.56 per share, raising about $1.7 billion at a $26.5 billion valuation. The listing marks a major milestone after years of regulatory challenges. Despite strong investor demand, Shein faces slower growth, shrinking margins, higher trade costs and increasing competition globally.
Bill Gates lists 3 big risks to AI shift. Is the world heading towards turbulent times?
Microsoft co-founder Bill Gates has warned that the AI transition could become one of the most turbulent periods in history, with the technology potentially widening inequality. He called for greater preparation for its social, political and economic impact and said he would support credible efforts to slow AI development globally.
Euro zone bond yields tick up after oil rises on Hormuz doubts
On Thursday, bond yields in the euro zone experienced a modest uptick. Meanwhile, oil prices rebounded slightly from their recent declines, impacting overall market sentiment. Diplomatic negotiations surrounding the Strait of Hormuz are ongoing, despite mixed signals from involved parties. Traders appear to anticipate minimal additional monetary tightening from the European Central Bank. Concerns over inflation and spending have pushed bond yields to levels not seen in several years.
Pushp Brand gets Sebi nod for IPO; A91 Partners, Sixth Sense to partially divest stake
Pushp Brand has officially secured approval from Sebi for its initial public offering, with existing shareholders set to sell up to 74.45 lakh equity shares. Promoters and other investors are engaged in the Offer for Sale. Founded in 1974, the company operates under the renowned Pushp and Munimji brands and is gearing up to introduce Pushp Kadak Chai in the second quarter of FY27.
Centre may extend bitumen relief as highway contractors face cost squeeze amid West Asia disruption
High bitumen prices and India’s import dependence are squeezing highway project economics, prompting contractors to seek an extension of the compensation mechanism beyond September.
Nepal flash floods: 300 Indians among thousands missing, Centre rushes more relief supplies
More than 300 Indians are among thousands reported missing after devastating flash floods struck Nepal's Rasuwa region. India has sent a second military aircraft carrying 37.5 tonnes of humanitarian aid, medicines and food packets.
Stock market holiday: Are NSE, BSE shut on Friday for Rakhi? Check full list of upcoming holidays
The Indian stock market will remain open on August 28 despite Raksha Bandhan celebrations, with the NSE, BSE, MCX and NCDEX operating normally. Investors can also check the remaining six market holidays for 2026, including Ganesh Chaturthi, Dussehra, Diwali-Balipratipada, Guru Nanak Jayanti and Christmas.
‘Blissfully unaware’: In Kathmandu, Shashi Tharoor expresses concern as death toll in Nepal flood hits 160+
Nepal Floods: ThE Congress MP learnt about the scale of the disaster after arriving in Kathmandu, with the death toll reaching 160+ and around 2,000 or more people estimated to be missing.
All four onboard dead as small plane crashes in Seldovia Slough next to Alaska coastal town
The Piper PA-24 was heading for the airport in the small town of Seldovia after taking off from Anchorage, according to a statement from the Alaska Department of Public Safety. Seldovia's airport is about 136 miles (219 kilometers) southwest of Anchorage.
Nepal flash floods: Isha Foundation says 53 people of Indian origin among 77 missing pilgrims
The Isha Foundation said 77 pilgrims returning from the Kailash Mansarovar Yatra remain unreachable following devastating flash floods in Nepal. The group included 53 people of Indian origin and travellers from 19 countries.
India’s space economy may grow 5x to $45 billion by 2030. Who is leading the boom?
India’s private space sector is shifting from prototypes to commercial operations, with the government targeting a fivefold expansion of the space economy to $40–45 billion by 2030. The startup ecosystem has grown to over 400 companies, with Skyroot Aerospace, Pixxel, Agnikul Cosmos and Digantara emerging as key private players.
Bombay Burmah Trading shares surge 14% after SC recalls Rs 4,655 crore lease-rent observation
Bombay Burmah Trading shares rose sharply on Thursday after the Supreme Court recalled its earlier observation linking the company to a Rs 4,655 crore lease-rent liability. The court said the amount had neither been notified to BBTCL nor finally determined after giving the company an opportunity to respond, easing concerns over potential financial exposure.
Rajasthan HC Row: Justice Mehta’s allegations against Justice Sharma, CJI’s response - All you need to know
Chief Justice of India Surya Kant has said that Justice Mehta's allegations against Justice Sharma cannot be adjudicated in public domain and the judge ‘must be given a fair opportunity’ before any conclusion is reached.
In deadly Nepal flash floods, mango tree saves man; he says, ‘Wall of water came thundering down as if...’
Bibek Kumal, 24, was working in Bidur near Nepal's Himalayan border with Tibet when he witnessed a massive gush as a “wall of water,” mud, and rock came roaring down, sweeping him and everything near him away.
US Stock Market: Software stocks brace for more volatility as AI uncertainty grows
US software stocks remain volatile as investors weigh AI disruption risks against strong earnings growth. With momentum trading, leveraged ETFs and options amplifying market moves, upcoming results from Salesforce, CrowdStrike and Oracle could offer fresh clues on the sector’s outlook and whether earnings can keep pace with elevated expectations.
