Business — Page 14
Companies, markets, economy, finance, trade and commercial activity
Ex-manager Titus Day Admits Embezzling Payments from Singer Guy Sebastian
Talent agent Titus Day has admitted to failing to pass on payments owed to his former client, singer Guy Sebastian. The admission comes as part of a confidential settlement that ends a decade-long legal dispute and prompts Sebastian to drop his civil action.
N Chandrasekaran Steps Down as Tata Sons Chairman Amid Board Disagreement
N Chandrasekaran has resigned as Tata Sons Chairman, citing a lack of unanimous board support for his reappointment. His decision comes ahead of his term's end in February 2027.
Adani Defence Expands Kanpur Facility, Boosting India's Ammunition Production
Adani Defence & Aerospace is significantly expanding its ammunition manufacturing facility in Kanpur, Uttar Pradesh. This expansion aims to increase production capacity and reduce India's reliance on imported defense materials.
TCS Addresses Alleged Exposure of Employee Data, Citing Outdated Information
Tata Consultancy Services (TCS) has reported potential exposure of employee data, stating the information appears to be over four years old and does not impact customer systems. This follows a similar claim made by HCL Technologies regarding its employee data.
Reload Festival Boosts Regional Economy and Introduces New Travel Options
The Reload Festival in Sulingen attracts thousands of visitors, significantly benefiting the local economy through increased business for hotels, restaurants, and transport services. This year's event also features a new travel concept, including a special train service with onboard entertainment, t
BESV Launches New E-Bike with Bosch Motor and 160kg Capacity
BESV has introduced the CT-B 1.0 Low Step, an e-bike featuring a Bosch Performance PX mid-motor and an 800 Wh battery. The bicycle supports a total weight of nearly 130 kilograms, including the rider and cargo.
Ajax Pursues Jofre Torrents with Performance-Based Contract Plan
Ajax is negotiating the transfer of Jofre Torrents from FC Barcelona, aiming for a free transfer through a performance-based contract. If successful, Torrents would initially join on a free deal, with potential future payments to Barcelona contingent on his performance.
IndiGo Flight Lands Safely in Chennai After Reporting Left Engine Issue
An IndiGo flight from Kolkata to Chennai declared a full emergency due to a left engine issue and landed safely with 224 passengers. The emergency measures were activated, and the full emergency was later lifted.
Canal+ Granted Authority to Block Illegal IPTV Streams in France
A French court has granted Canal+ blocking orders against illegal IPTV services and pirate streams, affecting internet providers, search engines, and VPN services. These measures aim to combat online piracy of live sports broadcasts.
Kerala Poultry-Waste Unit May Relocate Amidst Public Protests
A poultry-waste rendering factory in Kozhikode, Kerala, is considering relocation due to sustained public protests and environmental concerns. The Kerala State Pollution Control Board had previously issued a closure order, which the factory had challenged.
N. Chandrasekaran Steps Down as Tata Sons Chairman Amidst Trust Disputes
N. Chandrasekaran, 63, has resigned as chairman of Tata Sons, concluding a tenure marked by significant group expansion. His departure follows disagreements within Tata Trusts over the company's performance and investment strategies.
Delta Air Lines Warns of Schiphol Airport Decline Due to Taxes and Flight Caps
Delta Air Lines predicts increased flight taxes and reduced capacity at Schiphol Airport will lead to 'destination substitution,' causing a significant drop in international visitors and economic impact for the Netherlands. The airline's concerns align with previous instances where similar Dutch pol
Ex-Bankchef Vincenz's Appeal Trial Marked by Evasion and Judicial Frustration
Former Raiffeisen CEO Pierin Vincenz faced questioning in his appeal trial, repeatedly evading direct answers and citing memory lapses. The presiding judge expressed exasperation, citing "gasping for air" at Vincenz's claims of inexperience.
FC Bayern Executive Board Members Max Eberl and Jan-Christian Dreesen Set for Contract Extensions
FC Bayern's supervisory board is reportedly set to approve contract extensions for both Sports Director Max Eberl and CEO Jan-Christian Dreesen. The club's steering committee has already given the green light for the duo to remain with the club beyond their current 2027 contracts.
Air Chathams Joins Air New Zealand Interline Network
Whanganui is now included in an interline agreement between Air Chathams and Air New Zealand. This allows passengers to book connecting Air Chathams flights via Air New Zealand.
Drone Strike Ignites Massive Fire at Libya's Zawiya Refinery
A drone attack on Libya's Zawiya refinery caused a large fire, threatening operations. The National Oil Corporation warned of potential shutdowns if attacks persist.
Gold Prices Rise in India Amid Middle East Tensions and Crude Oil Volatility
Gold prices in India increased on August 12, 2026, driven by ongoing geopolitical tensions in the Middle East and fluctuations in global crude oil markets. Investors are turning to gold as a safe haven asset amidst international unrest.
Maharashtra Waives Stamp Duty for Internal Land Transfers in Renewable Energy Projects
The Maharashtra Cabinet has approved a full stamp duty exemption and a 25% discount on land transfer fees for internal land transfers related to renewable energy projects. These measures aim to accelerate development and reduce project costs within the state.
Chennai's Second Airport Project Faces Uncertainty Over Parandur Site
Chennai's long-awaited second airport project is stalled due to opposition at the proposed Parandur site, raising concerns about the city's future aviation needs and economic growth. The Tamil Nadu government has expressed reservations about sacrificing agricultural land and water bodies, while indu
Milky Mist IPO Opens Amidst Growth Claims and Valuation Concerns
Milky Mist's Rs 1,553 crore IPO began trading on August 11, 2026, with a 79% subscription on its first day. The company highlights rapid revenue growth and expansion plans, but potential investors face a steep valuation and financial considerations.
Roger Federer's Net Worth Dips Below $1 Billion as On Holding Shares Fall
Tennis legend Roger Federer's net worth has fallen below $1 billion following a significant drop in the share price of On Holding, the sportswear company in which he holds an equity stake. The company reported missed sales expectations for its second quarter.
Cupid Shares Dip 2% Despite 3x Q1 Profit Surge, Company Raises FY27 Outlook
Cupid's shares declined by over 2% on Monday, even as the company reported a threefold increase in net profit for the April-June quarter. Despite strong financial results, the stock saw a dip, while the company raised its revenue and profit guidance for the fiscal year 2027.
Ardee Industries Set for Stock Market Debut Amidst Strong Investor Interest
Ardee Industries' initial public offering is scheduled to list on August 12th, following a highly subscribed subscription period. Grey market premiums indicate a strong debut, with shares expected to trade above their issue price.
Aasif Malbari Appointed MD and CEO of Godrej Consumer Products
Godrej Consumer Products Limited has appointed Aasif Malbari as its new Managing Director and Chief Executive Officer, effective August 12, 2026. He succeeds Sudhir Sitapati, whose resignation followed a recent reappointment. Vishal Kedia has been named Interim Chief Financial Officer.