New Delhi, August 19: With a persistent 13% rainfall deficit due to the ongoing El Niño effect affecting the southwest monsoon in India, global financial services firm Nomura has warned that this deficit monsoon could affect agricultural output and eventually dampen rural demand, reversing the recent momentum seen in two-wheeler sales and Fast Moving Consumer Goods (FMCG). In its latest Asia Insights report, Nomura further explained how the rough start in June, with the 39% rainfall deficit, had affected cropping patterns, with conditions improving in July while weakening again in August. With the Indian Meteorological Department (IMD) expecting a strengthening…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
Read More
Sydney, August 19: The rapid, seemingly unlimited demand for AI compute power has forced even the titans to get to their knees. Google’s parent, Alphabet, recently raised $3.89 billion (or about A$5.8 billion) in Australia to finance its expanding artificial intelligence infrastructure globally. This marks the first time Google has tapped the bond market Down Under,, highlighting the unprecedented financial strain the tech titan is facing as demand for artificial intelligence intensifies globally. The insatiable money guzzler behind the move The multi tranche bond sale included 3,5 10 and 20 year bonds, with the longest dated tranche offering a yield…
Mumbai, August 19: Securities markets regulator Securities and Exchange Board of India (SEBI) has officially granted approval for the National Stock Exchange of India (NSE)’s Draft Red Herring Prospectus (DRHP), paving the way for its IPO, a development that investors have waited for a decade. Projected as the largest IPO in Indian capital market history, the IPO is worth ₹5.26 lakh crore, or more than $3.3 billion, dwarfing Hyundai Motor India’s ₹27,000 crore IPO in October 2024. Speaking at the 23rd FICCI Capital Markets Conference on Wednesday, NSE Managing Director and CEO Ashish Kumar Chauhan publicly expressed gratitude to SEBI…
Mumbai, August 19: E-commerce shipping platform Shiprocket Limited made a strong debut on the stock market, listing at a 35.05% premium, valuing the company at ₹ 9,422 crore. The company’s ₹1,617.48 crore IPO was subscribed 99.38 times, driven by strong institutional demand. This was reflected in the 122.8 times oversubscription in the Qualified Institutional Buyers (QIB) category, while the Non-Institutional Investors (NII) category was subscribed 88.99 times, showing strong faith in the company’s market positioning. Investors supported the company’s shift towards positive cash flows, as the company’s value-added services like automated checkout, return reduction tools and post-purchase customer engagement have…
Hyderabad, August 19: Magellanic Cloud Limited, a leading digital technology and e-survellance solutions provider, has announced a major boost to its order books with the company and its subsidiaries bagging orders exceeding ₹111.04 crore. These include surveillance solutions projects across the railway divisions, follow up orders and fresh orders from leading PSUs like GAIL India and Manappuram Finance. These contracts pertain to setting up advanced video surveillance, AI-led monitoring and critical infrastructure deployment for securing infrastructure and industrial premises. Key Contract Segments Most of the wins have come from its specialised execution arms IVIS International Private Limited and Provigil Surveillance…
Surat, August 13: Sarvajanik University established the Sarvajanik College of Liberal Arts (SCLA) with the aim of providing quality education in the liberal arts. The newly established constituent college offers Honours programmes in Psychology and Economics and seeks to create an academic environment that encourages critical thinking, interdisciplinary learning, and holistic development. Sarvajanik Univeristy organized a 2 day inaugration programme on August 6-7 of the SCLA building at the T&TV Campus in Nanpura on August 6 and7. The inauguration ceremony saw Shri Ashish Vakil, the President of the Sarvajanik University and the Sarvajanik Education Society preside as the chief guest…
Bengaluru, August 13: Lenskart’s shares are rising by more than 2% in early morning trades on Thursday, August 13, following the company’s strong financials for the quarter ended June 30, 2026. This includes a consolidated net profit of ₹228.43 crore for Q1 FY27, a 273% increase from ₹61.2 crore reported during the same quarter last year. Sequentially, the net profits increased 12% from ₹203.6 crores. During the quarter, revenues rose to ₹2,714.2 crore, a 43% year on year rise with total income increasing to ₹2,782.7 crore. The Delhi based eyewear brand has also seen its operational Earnings before interest, tax,…
Mumbai, August 13, 2026: Enterprise technology and data center solutions provider Aurionpro Solutions Limited has announced a major order win valued at approximately ₹100 crore from a global hyperscale data center operator. Under the contract, Aurionpro will build and manage the digital infrastructure for the client’s AI-ready data center in Navi Mumbai. This represents the second win by Aurionpro Solutions in the space, following its ₹350 crore order win in March this year. For the Navi Mumbai based company, this contract strengthens Aurionpro’s position as a leading player in the rapidly expanding data center market, especially in the emerging AI-ready…
Bengaluru, August 12: Though this scam is not new, rising cases have forced banks to re-educate customers about the ‘boss scam’ where fraudsters impersonate senior company leaders or trusted colleagues to make unauthorised payments or share sensitive information. The scam’s modus operendi Fraudsters send emails or messages on social media or messaging platforms, impersonating regulators or senior company executives. The message usually claims that the organiation has violated some regulations, forcing the receiver to act quickly. The fraudster then shares a ZIP file, supposedly containing compliance or security documents that secretly installs malware on the system. This gives fraudsters access…
Mumbai, August 12: Ester Loop Infinite Technologies Private Limited (ELITe), a joint venture between Indian polyester films maker Ester Industries Limited and its JV partner Loop Industries, Inc has signed a non-binding Letter of Intent (LOI) to supply Loop PET Fiber Grade resin to an unnamed global sports brand. Under the agreement, the company aims to offer 15,000 metric tonnes of Loop resin annually, manufactured in India at its Nandida, Gujarat plant. With this, the company wins another commitment for its Loop resin, after a similar announcement with Nike. The plant is expected to become operational by 2028, using Loop’s…
