The Sports Ministry has provisionally recognised the Federation of Motor Sports Clubs of India (FMSCI) as a National Sports Federation (NSF), a move aimed at promoting motorsport and facilitating Formula 1's return to India. This recognition requires FMSCI to amend its constitution to comply with governance acts, and a Task Force is being established to assess the benefits and challenges of hosting major motorsport events.
DIIs invested $22.8 billion in Indian equities in Q2CY26.
Lodha Developers plans to generate approximately 10,000 crore in sales over the next three to four years by monetising about 150 acres of land at its data centre park in Palava, part of the Mumbai metropolitan region (MMR). This strategy is a planned recurring pillar of their business, funding the build-out of 1 gigawatt of powered shell capacity and aiming for over 2,000 crore in annual rental income by FY32.
FIFA plans to create a $20 billion subsidiary, FIFA Forward Enterprise (FFE), to manage the World Cup and other events, offering up to 20% stakes to external investors, a move that has drawn fierce criticism from UEFA, who accused the governing body of putting the game's 'soul' up for sale.
Millions play cricket in India; only a few reach the IPL teams or the Indian team. Sometimes, a player may not get selected not due to lack of skill, at other times it may be due to team balance. But what every youngster should remember is that talent is permanent; selection is temporary, notes K R Nayar.
The Bangalore Hotels Association (BHA) on Wednesday warned that hotels affiliated to it and other hospitality bodies in the city would suspend business with online food delivery platform Swiggy from August 15 if the company failed to resolve longstanding issues relating to payment transparency, unauthorised deductions and advertising charges.
The sister of NCP leader Rupali Chakankar was questioned by police regarding her alleged connection to the financial dealings of arrested self-styled godman Ashok Kharat.
Spider-Man: Brand New Day shows that even superheroes need friends, healthy outlets for their emotions and the courage to learn from their mistakes.
High-performance computing server maker Netweb Technologies reported a more than twofold increase in net profit to Rs 85.32 crore for the first quarter ended June 30, 2026. This significant growth was primarily driven by its AI Systems segment, which contributed over 62% of the revenue. The company also saw its revenue from operations more than double to Rs 819.6 crore, reflecting strong demand and disciplined execution, with a robust order book of Rs 2,507 crore.
Hindustan Unilever Ltd (HUL) reported a 3.17 per cent year-on-year decline in consolidated net profit to Rs 2,680 crore for the June quarter, even as revenue from product sales surged by 10.26 per cent to Rs 17,149 crore, marking its highest growth in 13 quarters.
The Supreme Court has agreed to examine Sebi's challenge to a Securities Appellate Tribunal (SAT) decision that cleared Wadia Group Chairman Nusli Wadia, Bombay Dyeing, and others of allegations of fraudulent financial reporting.
Chhattisgarh Chief Minister Vishnu Deo Sai announced a Rs 100 crore allocation for sports infrastructure and athlete development during a Sports Conclave in Raipur. The state government is focused on promoting sports, nurturing talent, and providing employment opportunities for outstanding sportspersons, alongside organising major sporting events like the Bastar and Surguja Olympics.
'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'
A bipartisan group of US Senators has agreed to fast-track a bill allowing the President to impose sanctions on major purchasers of oil from Russia and Iran. This legislation, known as the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, aims to restrict funding for Russia's war efforts and Iran's energy and weapons sectors, potentially impacting countries like China and India through tariffs and other restrictions.
Self-styled godman Ashok Kharat, already facing rape charges, is now under investigation for opening over 130 accounts with cooperative credit societies and conducting transactions worth approximately Rs 63 crore.
The Reserve Bank of India (RBI) has mandated that banks must dispose of immovable assets acquired against bad loans within seven years through public auction, effective October 1, 2026, and has also barred their sale back to the original borrower or related parties.
Wipro's net profit in the first quarter saw minimal growth, rising less than one per cent to 3,352 crore, while revenue increased by 10.6 per cent to 24,480 crore. The IT services segment, a key metric, grew by only one per cent year-on-year, falling short of analyst estimates amidst a challenging demand environment and longer decision cycles from clients.
Indian boxing icon Vijender Singh is planning to establish a boxing academy in his ancestral village of Kaluwas, Bhiwani, and has sought financial assistance from the Sports Ministry.
HCLTech CEO C Vijayakumar's total salary for the financial year 2025-26 surged by nearly 66.9 per cent to $18.13 million, primarily driven by long-term incentives and stock options, placing him at the top among his Indian IT sector peers.
'GenZ today is close to 45 to 50 per cent of the overall shopping journeys in the country. They are also very content-first in terms of entertainment or otherwise, general gratification of content and discovery.'
IT major Tech Mahindra reported a 28.4 per cent increase in consolidated net profit for the June quarter, reaching Rs 1,465 crore, driven by broad-based growth across manufacturing and financial services, and expressed confidence in a positive demand environment for the rest of the year.
Apple Inc, which had planned to shift only 10 per cent of its global production base from China to India with respect to iPhones at the end of FY26, is currently churning out one out of every four iPhones in the world from India.
The Reserve Bank of India (RBI) has introduced a new framework allowing banks to offer differential interest rates on bulk deposits based on their liquidity characteristics under the Liquidity Coverage Ratio (LCR) framework, while maintaining the principle of uniform pricing across similar deposits.
IndiGo, India's largest airline, reported a net loss of Rs 238 crore for the June quarter, primarily attributed to a significant surge in fuel prices and operational constraints stemming from the West Asia conflict.
State-owned refiners Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have reported substantial losses for the first quarter of financial year 2026-27 (Q1FY27), primarily driven by a sharp increase in crude oil prices exacerbated by the ongoing West Asia crisis and suppressed marketing margins on petroleum products.
Former Shiv Sena (UBT) Lok Sabha member Vinayak Raut, his son, and five others have been booked for allegedly physically, mentally, and financially torturing his daughter-in-law, Girija Raut, and subjecting her to black magic. The complaint details allegations of abuse, medical negligence, and occult rituals, which the Raut family vehemently denies, stating the accusations are an attempt to pressure them amidst ongoing divorce proceedings.
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.
Indian athletes delivered a strong performance at the Commonwealth Games, with weightlifters Gyaneshwari Yadav and Bindyarani Devi securing silver and bronze medals respectively. Several athletes, including long jumpers M Sreeshankar and Lokesh Sathyanathan, boxers Sachin Siwach and Ankush, and swimmers Sajan Prakash, Aryan Nehra, and Swatik Patel, also advanced to their respective finals or quarter-finals, showcasing India's diverse talent across multiple disciplines.
The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.
The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.
Doctors attribute the rise in male infertility to obesity, diabetes, smoking, chronic stress, inadequate sleep and sedentary lifestyles.
FIFA President Gianni Infantino's ambitious plan to sell a 20% stake in a commercial entity managing the World Cup and other tournaments to private investors has been abandoned following widespread opposition, including a boycott threat from UEFA.
'Investors spend too much time picking the right mutual fund and too little time choosing the right asset allocation. That's where real wealth is created.'
Trinamool Congress leader Derek O'Brien questioned the Enforcement Directorate's decision to freeze three of the party's bank accounts, worth Rs 440 crore, under the anti-money laundering law. He controversially asked when the ED would freeze "temple funds," in an apparent reference to alleged financial irregularities at the Ram temple in Ayodhya, amidst opposition demands for a judicial probe into the matter.
Maruti Suzuki India (MSIL) reported a 9.1 per cent year-on-year decline in net profit for the April-June quarter of 2026-27, marking its second consecutive quarterly fall. This dip occurred despite a significant 29.3 per cent jump in sales volume, primarily due to escalating commodity prices, increased energy costs, and logistics disruptions stemming from the West Asia conflict.
Andrea Pirlo, a 2006 World Cup winner and former Juventus manager, has reportedly been appointed as the new head coach of the Italian national football team on a four-year deal.
Palghar police solved the case of a headless body found in a plastic sack within eight hours, arresting two men for murder stemming from a financial dispute.
Indian para-athlete Dilip Mahadu Gavit, fresh off winning the Commonwealth Games 2026 gold medal in the men's T47 100m with a Games record, dedicated his triumph to his coach Vaijanath Kale on Guru Purnima, crediting him for spotting his talent and transforming his career.
'I am getting better. Thank you for checking in.'
