Business
Companies, markets, economy, finance, trade and commercial activity
Jaipur siblings turn Rs 5k candle hobby into gifting business
Jaipur siblings Unnati and Udit Khandelwal turned a Rs 5,000 candle hobby into GiftwithTwist, a personalised gifting venture with orders across India and a Dubai bulk shipment. They built the business alongside their careers, learning through workshops and online resources.
Symbiotec Pharmalab IPO opens with strong GMP signals
Symbiotec Pharmalab launched its Rs 1,757 crore IPO on August 24, 2026, consisting mainly of an offer for sale with a small fresh issue. The price band is Rs 938-988, and early market sentiment points to a potential listing premium, while concerns about profitability and plant ramp-ups persist.
Nasdaq rise fueled by non-tech stocks, per Yahoo Finance
A Yahoo Finance piece notes the Nasdaq Composite’s 2026 rise is aided by three non-tech constituents, with broad gains and continued AI-driven momentum shaping the year to date. The report highlights Interactive Brokers, Roku, and BrightSpring as notable performers.
Applied Digital sees long lease and new holder amid share-price pressure
Applied Digital signed a 15-year, 210 MW IT load lease for Delta Forge 2 AI campus and gained a new institutional holder, while its stock has tumbled over recent months. Analysts' price targets vary widely, highlighting divergent views on valuation.
Goa mum started with 10 jars in 2010; masalas now travel to 6 countries
A Goa mother-entrepreneur began a home food venture with ten jars in 2010. Fifteen years on, her traditional masalas, pickles and related products are sold beyond Goa, with a customer base that includes repeat buyers and international demand.
ISMA: No sugar shortage in India; retail prices to ease
ISMA states there is no sugar shortage in India and expects retail prices to decline. The claims come as the government allows duty-free imports of raw sugar and as industry projections outline closing stocks and October production.
Lokesh to open Suzlon blade plant in Anantapur on Aug 25
Andhra Pradesh IT and HRD Minister Nara Lokesh will inaugurate Suzlon Energy’s S144 turbine blade plant in Anantapur district on August 25. The facility cost ₹10,000 crore and targets a 1,325 MW output, with Suzlon already the state's top wind energy developer.
Sravana Masam slows poultry and fish trade in Chittoor district
During Sravana Masam, Chittoor district saw a dip in poultry and fish demand, with chicken prices dropping from about ₹320 to ₹200 per kg or lower. Production figures for eggs and poultry meat are cited for the district, along with a note that demand is tied to seasonal devotional practices.
International RBSM ends with 88 MoUs in Visakhapatnam
The three-day International Reverse Buyer-Seller Meet in Visakhapatnam concluded with 88 MoUs between overseas buyers and Andhra Pradesh MSMEs, drawing buyers from 25 countries and over 250 local enterprises.
'Bandicoot' fame Genrobotics expands into defence and space tech
Genrobotics, known for the Bandicoot robot, opened a new facility in Thiruvananthapuram to develop robotics for defence and space. The event was inaugurated by the Additional Chief Secretary (Industries). The company is expanding manufacturing in Kerala, with Palakkad near completion and an addition
UP and Japan start ₹3,191 crore manufacturing projects
Uttar Pradesh and Japan moved from dialogue to ground-breaking with Escorts Kubota and Minda Corporation projects worth ₹3,191 crore, generating over 10,000 jobs. The ceremony took place during the UP–Japan Investment Meet 2026 in New Delhi.
Swiggy IOCC move could trigger $400m index outflows
Swiggy advances toward Indian-owned-and-controlled status, capping foreign stake at 49.5% and seeking RBI approval. Jefferies warns of passive outflows exceeding $400 million from MSCI and FTSE indices once IOCC is in place.
Gold holds near two-month high as US debt buybacks lift markets
Gold trades near a multi-week high after the U.S. Treasury expanded buybacks for longer-dated debt, pushing yields lower and supporting bullion. The dollar softened and market participants digest Fed policy signals amid ongoing inflation concerns.
Airbus aims for a 48% H2 jump in A320 deliveries amid ramp-up
Airbus shares dipped as the company outlined a push to lift A320-family output by about 48% in the second half to reach annual delivery targets. H1 deliveries and backlog figures frame the challenge, with engine shortages and supplier constraints cited as risks.
Tata succession, Jharkhand protests, E20 debate: a three-minute briefing
The Indian Express’ briefing covers N Chandrasekaran stepping down as Tata Sons chairman and the focus shifting to Noel Tata, Jharkhand exam protests over recruitment, and discussions on E20 fuel feasibility. Other items include buffalo-meat exports, a CBI trap involving an IB officer, and local Mum
EBG Group commits ₹45 crore for Ongole wellness hub
EBG Group plans a ₹45 crore investment to develop a 55-acre integrated wellness ecosystem in Ongole, Andhra Pradesh, in partnership with Carlton Group. The project includes a large wellness centre, villas, plots, and an international school, with physician-guided programs and luxury amenities.
/An%20Intel%20sign%20out%20front%20of%20a%20corporate%20office%20by%20wolterke%20via%20Adobe%20Stock.jpeg)
Intel stock slides after big capital raise and growth signals
Intel’s shares fell more than a third from their 52-week high amid profit-taking and dilution concerns after a capital raise that exceeded initial targets. The company outlines AI and data-center demand as a driver, while warning that higher share count could weigh on near-term earnings.
The FIRE Movement in 2026: Evolving plans and rising costs
In 2026, the FIRE movement faces higher healthcare costs for early retirees and revised withdrawal assumptions. The 25x rule and 4% withdrawal framework remain, but practical planning now accounts for longer horizons and subsidy changes.
Air New Zealand appoints Campbell Wilson to board
Air New Zealand announced Campbell Wilson, former Air India chief, will join the board as director from September 24, subject to shareholder approval. The appointments come as the carrier faces fleet, engine and fuel-cost pressures.
Tempsens Instruments IPO opens with ₹650-cr size and ₹285-₹300 price band
Tempsens Instruments launches its IPO on August 20, with a total deal size pegged at ₹650 crore. The issue comprises a fresh issue of ₹95 crore and an offer-for-sale of up to 1.85 crore shares, with a price band of ₹285-₹300 and a listing planned for August 28.
Behari Lal Engineering lists with over 60% premium on debut
Behari Lal Engineering debuted on the NSE and BSE on Aug 19, 2026, listing at a premium around 60-63% over its IPO price of Rs 285. The IPO size was Rs 301.62 crore with a lot size of 52 shares, and the stock opened at significantly higher levels on both exchanges.
Onam rush drives a spike in Kerala flower prices
A festival-driven surge in flower demand has pushed prices higher in Kerala. The Hindu reports supply bottlenecks and weather-related contractions across southern states as Onam celebrations approach.
Horizon Industrial Parks IPO: debt repayment focus amid modest demand
Horizon Industrial Parks launched a Rs 2,600 crore fresh-issue IPO on August 17, 2026, aimed largely at debt repayment. Subscriptions were tepid by Day 2 and Day 3, with grey-market activity indicating limited listing gains; the issue is slated to list on NSE and BSE on August 24, 2026.
SoftBank doubles down on Intel with 66% of US portfolio
SoftBank disclosed a heavyweight bet on Intel via a 13F filing, allocating about two-thirds of its disclosed US equity portfolio to Intel as of June 30, 2026. The move follows a prior $2 billion Intel investment and paired with sizable positions in Symbotic and T-Mobile.