Business — Page 2
Companies, markets, economy, finance, trade and commercial activity
Warner Music opens Bengaluru music-tech hub as part of global tech expansion
Warner Music Group announced a new international technology hub in Bengaluru, expanding its Global Tech division. The facility aims to drive AI-enabled, data-driven innovations across music distribution, data infrastructure, and products, with active recruitment underway.
ZEE5 expands Tamil, Malayalam and Marathi slates
ZEE5 unveils expanded regional slates across Tamil, Malayalam and Marathi markets, anchored by Jananayagan in Tamil and a slate of originals and post-theatrical titles. The push follows Zee’s claim of higher engagement and positive EBITDA from its seven-language strategy.
American Airlines to add seatback screens and enhanced cabins to narrow profit gap
American Airlines plans seatback 4K screens and a cabin revamp, with deliveries beginning in 2028 and full installations in the early 2030s, in a bid to close a profit gap with Delta and United. The move includes more first-class seats on certain aircraft and premium seating, alongside a broader cab
ICICI Bank prices $750 million five-year bond via IFSC unit
ICICI Bank priced a $750 million, five-year senior unsecured note through its IFSC Banking Unit, at 5.417% coupon and 105 bps over Treasuries. The issue is part of its GMTN programme and follows prior issuances in July, with proceeds slated for general corporate purposes.
Horizon Industrial Parks IPO opens with ₹2,600 crore raise
Horizon Industrial Parks' ₹2,600 crore IPO opened with a price band of ₹57-₹60 per share, around a 7% potential listing pop. Anchors and private placements bolster funding ahead of the public issue.
Econz IT to invest £10m to expand in the UK
Bengaluru-based Econz IT Services plans a £10 million investment to grow its UK footprint over two to three years, including hiring 100 people. The move follows the opening of a Gemini Enterprise Experience Centre in Bengaluru developed with Google Cloud to showcase agentic AI solutions.
Shiprocket IPO allotment status and how to check
Shiprocket's IPO attracted heavy demand, with 99.38x subscription on the last bidding day. Allotment results are expected to be finalised soon, with status checks available on NSE, BSE, and KFin Technologies.
Behari Lal Engineering IPO allotment expected as GMP sits around 30%
The Behari Lal Engineering IPO allotment is anticipated today after strong subscription. The issue raised about Rs 302 crore and was subscribed over 100 times across categories, with anchor allocations already completed and listing due August 19 on exchanges.
SanDisk stock surges after Investor Day, targets raise long-term growth
SanDisk shares jumped 8.5% in morning trading to $1,780.57 after an August 13 Investor Day outlining ambitious growth and margin targets. Analysts revised targets higher amid AI storage momentum and a memory collaboration with Kioxia.
Pune founder tests 600 formulas to create a waterless car wash
A Pune entrepreneur spent two years and 600 formulations to build a plant-based, waterless car-cleaning solution. The business, Go Waterless, now operates 214 franchises across 22 states and reports initial investment of Rs 10 lakh growing to about Rs 10 crore in five years.
Indian stocks open mixed as rupee weakens and oil above $80
Indian equities started the week mixed on Aug 17, 2026, with the Nifty 50 sliding and the Sensex advancing as crude prices stayed elevated and the rupee weakened. Key stock movers included Technocraft Ventures, Kohinoor Foods and Galaxy Surfactants, while several smaller counters declined.
Apollo Micro Systems posts record Q1 profit and 88% revenue rise
Apollo Micro Systems reported a Q1 FY2027 net profit of Rs 25.2 crore on revenue of Rs 251.3 crore, both the highest ever for a June quarter. The EBITDA rose to Rs 48 crore while margin fell to 21.4%.
Molbio Diagnostics IPO debuts with strong listing amid GMP cues
Molbio Diagnostics listed on NSE and BSE on Aug 17, 2026, after a robust 70.26x subscription. The stock opened around ₹980, signaling a premium to the issue price of ₹807.
Voltas stock falls after Q1 results; margins miss estimates
Voltas recorded a revenue rise of 19% in Q1, lagging consensus, with EBITDA margin at 5.7% and PAT at ₹213 crore. The company nudges toward long-term margin targets of 7%+, while UCP margins beat year-ago levels. Brokerages offered mixed views with targets around ₹1,357–₹1,560 and various rating sta
Dhoot Transmission IPO listing today with 30% GMP signal
Dhoot Transmission's IPO is set to list on BSE and NSE today, with grey-market signals pointing to about a 30% listing premium. The issue was heavily oversubscribed, and anchor investors participated before trading.
Madhusudan Kela portfolio shows 7 CY26 gainers up to 135%
A June quarter disclosure shows Madhusudan Kela held 19 stocks with a total portfolio value of about Rs 2,665 crore as of August 14, 2026. Seven holdings rose up to 135% in CY26, while five fell 15-30%.
From Ban to Bag: Pabi Bag Empowers 300 Women Artisans
A ban on traditional Rabari wedding embroidery in Kutch prompted the creation of Hari Jari, a contemporary technique. The resulting Pabi Bag line now supports more than 300 women artisans across the region.
ONGC wins OFAC license to resume Venezuela ops, eyes operatorship
India’s ONGC has secured an OFAC license to restart full operations in Venezuela and may seek to assume operatorship of some projects from PDVSA. The company notes 40% stake in San Cristobal and 11% in Carabobo, with potential dividends and new agreements on the horizon.
BHEL honors employees on Independence Day in Ranipet
BHEL Ranipet celebrated the 80th Independence Day at the Dr. B.R. Ambedkar Centenary stadium, where executive director M. Arunmozhi Devan, as chief guest, hoisted the flag, addressed attendees and presided over awards and certificates for staff achievements.
Better.com's Garg ousted as CEO; interim leadership takes helm
Vishal Garg was removed as chief executive of Better Home & Finance in early August, with Daniel Lewis serving as interim CEO. The board cited concerns about his judgment, while Garg seeks to regain control with high-profile legal help and shareholder support.
Singareni wins two coal blocks; MD says strength to meet state power needs
Singareni Collieries Company Limited secures two new coal blocks with state support, enlarging reserves and mining horizons. The company plans more acquisitions and explores gold, copper and rare earths, while inaugurating a geoscience lab and outlining use of the strengthened capacity to aid state
NSE Clearing introduces shorter SLB contracts with T+3 reverse settlement
NSE Clearing will roll out shorter-tenure Securities Lending and Borrowing contracts under the SLB scheme, with the reverse leg settled on T+3. The R3 series will start from August 17, 2026 and apply to stocks eligible for the Equity Derivatives Segment.
Dow Jones Opens near 53,900, closes at 53,732.41, down 107.58
The Dow Jones Industrial Average showed a lower finish after opening near 53,900, ending the session at 53,732.41, down 107.58 points. The move aligns with broader weakness in major indices amid mixed inflation signals.
Canadian dollar climbs as U.S. economy weakens
The Canadian dollar rose past 72 U.S. cents after a dip below 70 cents in late June, aided by a softer U.S. economy and narrowing two-year rate differentials. Analysts cite spread compression as a key driver.