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Crisil assigned an 'AA/stable' rating to Vedanta Iron & Steel Ltd on August 4, 2026. This rating reflects the company's strong business fundamentals and better financial profile. The firm reported a net profit of ₹122 crore for the quarter ended June 30, as revenue from operations rose to ₹3,662 crore.
A Bengaluru man quit his ₹11 LPA job to start a water purification business. He now earns nearly ₹28.5 lakh a year by supplying water to 300 homes and shops. Ankit Pandey said, “Sometimes the best business is not the most glamorous one. It is the one that solves a daily problem.”
Nazara Technologies announced on Tuesday, August 4, that founder Nitish Mittersain is stepping down as CEO. Raymond A. Stauffer will take over the role from September 1. The board also plans to meet to consider a fundraise as the company pursues its $303 million acquisition of Bluetile and BestPlay gaming firms.
The Taxation and Other Laws (Amendment) Bill, 2026 restores dividend tax relief for REIT and InvIT investors. Finance Ministry sources said the bill addresses this issue by restoring the dividend tax exemption for investors irrespective of the tax regime chosen. This move aims to boost long-term capital flows into infrastructure sectors.
Bending Spoons agreed to buy Airtable for $1.285 billion in an all-cash deal, the companies said on Tuesday. This purchase marks the firm's first acquisition since its Nasdaq debut last month. Bending Spoons continues its aggressive expansion strategy, and the transaction is expected to close by the end of year.
India’s market regulator plans to relax disclosure rules for high-risk offshore funds after facing legal challenges. The regulator aims to ease pain points and attract long-term foreign capital. These changes follow complaints about 2023 rules that made it hard for thematic funds to invest while foreign investors sold record shares.
SEBI introduced the GARUDA framework, allowing Alternative Investment Fund schemes to launch within 10 working days of filing their Private Placement Memorandum. Chirag Shah of BlackSoil AMC said, "GARUDA enables fund managers to act on investment opportunities more quickly." This change helps managers deploy capital faster and improves business ease.
Mangaluru-Bengaluru train services resumed after two days of disruption caused by landslides between Siribagilu and Yedakumari. Indian Railways cleared debris and secured the hillside to reopen the track at 7.25 pm on Monday. While operations started again, many trains still got delayed by two hours as services slowly returned.
IndiGo launched a promotion offering 20,000 free domestic tickets to mark its 20th anniversary. Customers who book flights between August 4 and August 6 through direct channels get a chance to win. Selected passengers who answer a question correctly will get a refund of their booking amount, up to Rs 10,000.
The EPFO e-Office application will remain unavailable on August 5, 2026, due to a scheduled system upgrade. Services will stay offline from 6:00 PM to 9:30 PM. The EPFO said the work aims to upgrade multiple components. Additionally, EPFO services through the UMANG app will also face downtime during this period.
Incoming Apple CEO John Ternus hired former hardware executive Laura Legros for his new management team. Legros, who retired in 2022, will report to Ternus when he starts on Sept. 1. This move showed Ternus is shaping his leadership ranks as many senior executives at the company near their retirement.
Indian Railways loaded 141.3 million tonnes of freight in July 2026, marking a 9% jump from last year. This growth helped the national transporter earn Rs 1,137 crore more in revenue. Strong demand from the energy and manufacturing sectors helped, as coal and iron ore shipments showed a steady rise.