Business
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Ferrari Luce EV Smashes Records at Auction, Validates Strategy
Ferrari’s first electric vehicle, the Luce, sold for a record-breaking $40 million at auction, exceeding expectations and boosting company guidance.
Amazon Scans & Shreds Books for AI Training Data
Investigation reveals Amazon’s controversial practice of scanning and destroying physical books to gather data for its AI models, highlighting the demand for human-written content.
Dhanwel Hybrid Seeds IPO: Price Band Rs. 95-99, Opens Aug 19
Dhanwel Hybrid Seeds IPO opens Aug 19, 2026, with a price band of Rs. 95-99 per share. The company aims to raise Rs. 26.73 crore.
California Wealth Tax: Billionaires Face 5% Levy in 2026
California’s proposed one-time 5% wealth tax on billionaires for the Nov. 2026 ballot faces strong opposition from business leaders concerned about economic impact.
India Unemployment Rate Drops to 5.1% in July 2026
India’s unemployment rate fell to a four-month low of 5.1% in July 2026, boosted by improved rural employment. Urban rates remain stable.
BSE Clearing Launches 3-Day SLB Contracts for Flexibility
BSE Clearing Ltd enhances market flexibility with new three-working-day contracts in its Securities Lending and Borrowing (SLB) segment, featuring T+1 and T+3 settlement.
RBI Closes FCNR(B) Scheme Early to Boost Reserves
RBI advances FCNR(B) scheme closure to August 31, 2026, aiming to strengthen India’s external buffers and stabilize the rupee with $52B+ inflows.
Axis Bank Hikes FCNR(B) Rate to 6.40% for Large Deposits
Axis Bank leads large banks by increasing its FCNR(B) deposit rate to 6.40% for deposits over $1 million, effective August 17, 2026. Learn more.
Sun Life Global Investments Announces August ETF Distributions
Sun Life Global Investments declared regular cash distributions for its ETF Series, payable August 31, 2026. Learn about key distributions and reinvestment options.
Unfair Insurance Claim? Finance Ministry Offers Resolution Path
Facing insurance claim rejections or delays? The Finance Ministry provides clear steps for policyholders to file complaints and seek resolution with their insurer.
Iran Goes ‘Fully Offensive’ as US Talks Collapse
Iran adopts a ‘fully offensive’ military stance, threatening the Strait of Hormuz after US diplomatic efforts fail. Global oil markets react.
Nvidia Invests $1.5B in OpenAI’s Ohio Data Center
Nvidia’s $1.5B investment in SB Energy secures 8GW AI computing capacity for OpenAI’s Ohio data center, boosting chip demand and AI infrastructure.
Voltas Bets Big on Commercial AC for Growth, Eyes Data Centers
Voltas is strategically focusing on commercial air conditioning, especially data centers, as its next major growth driver, backed by significant investments.
OnePlus, Oppo Hike Smartphone Prices in India by ₹5,000
OnePlus and Oppo have significantly increased smartphone prices in India, with some models now costing up to ₹5,000 more. Check the latest price adjustments.
Indian Freelancers: US IT Company Tax Guide
Indian freelancers earning from US IT firms: Understand income tax, TDS, GST, ITR filing, and the Section 44ADA presumptive scheme for simplified tax compliance.
Netweb Technologies Raises ₹1,200 Cr for AI Expansion
Netweb Technologies launches a ₹1,200 crore QIP to boost AI server & supercomputing infrastructure, strengthening its market position and order pipeline.
Behari Lal Engineering IPO Oversubscribed 108x: Allotment Done
Behari Lal Engineering’s IPO saw massive demand, oversubscribing 108.51 times. Allotment finalized Aug 17, 2026, ahead of Aug 19 listing. Explore subscription details.
ED Attaches ₹22.70 Cr in Dahod Fake Govt Offices Scam
Enforcement Directorate attaches ₹22.70 crore in assets linked to the Dahod fake government offices scam, uncovering fraudulent grants and fictitious departments.
Paytm Stake Sale: Vijay Shekhar Sharma’s Entity Sells 4.98%
Resilient Asset Management, controlled by Paytm founder Vijay Shekhar Sharma, plans to sell up to 4.98% of Paytm shares. Proceeds go to Antfin (Netherlands) Holding BV.
Nike Stock Hits 52-Week Low Amid Recovery & China Woes
Nike shares plummet to a new 52-week low of $39, driven by investor concerns over slow recovery, weak China demand, and dividend sustainability.
Jio-BlackRock Launches Regular Mutual Funds Amidst IPO Buzz
Jio-BlackRock expands mutual fund offerings with regular plans, boosting distributor access. Meanwhile, Tempsens Instruments announces IPO details.
SPR Auto Raises Rs 1000 Cr via QIP, Offers Up to 5% Discount
SPR Auto Tech Ltd. launches Rs 1,000 crore QIP, offering shares at up to a 5% discount to institutional investors. Floor price set at Rs 4,438.20.
SEBI Warns Investors: Beware of Social Media Trading Scams
SEBI cautions investors against live trading streams and real-time tips on social media, warning of unregistered advisors and misleading claims. Protect your investments.
Binance GDPR Probe: Data Sharing Leads to Russian Arrest
Binance faces GDPR inquiry after sharing user data with Russian authorities, leading to terrorism financing charges for an EU resident. Data privacy concerns rise.
India Unemployment Rate Drops to 5.1% in July
India’s unemployment rate fell to a four-month low of 5.1% in July, driven by improved labor force participation and worker population ratios, signaling a strengthening job market.
Nippon India Launches New Arbitrage Fund: Invest ₹500
Nippon India introduces the Income Plus Arbitrage Omni FoF NFO on Aug 17, 2026. Minimum investment ₹500. Learn more about this new investment opportunity.
Paytm Stake Sale: Founder’s Firm Sells Up to 4.98%
Vijay Shekhar Sharma’s Resilient Asset Management plans to sell up to 4.98% of Paytm via a block trade, signaling a strategic shift in the fintech giant’s ownership.
Bombay HC Fines Maharashtra FDA Rs 5 Lakh for Wrongful Shop Closure
Bombay High Court fines Maharashtra FDA Rs 5 Lakh for unjustly closing a Pune sweet shop for 34 days despite high compliance, criticizing the agency’s actions.
Royal Enfield Continental GT 650: Updated Model Launched in India
Royal Enfield updates the Continental GT 650 in India with new features like LED indicators and USB charging. Prices start at Rs 3.58 lakh. Explore the new variants and colors.
RBI’s FCNR(B) Swap Closure: Rupee Weakens, Bond Yields Rise
The Reserve Bank of India unexpectedly closed its FCNR(B) forex swap facility early, impacting the rupee’s value and increasing government bond yields.