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India imported over $3 billion worth of solar cells in FY 2025-26. This surge shows a heavy reliance on foreign sources despite massive domestic investments. These imports represent nearly two years of demand, threatening local manufacturing goals. Experts say, "Every imported cell shifts value addition and skilled employment outside the country."
Billionaire Bill Ackman made major changes to his Pershing Square portfolio this year. He fully exited Alphabet, Universal Music Group, and Hertz. Meanwhile, he added six new companies, including Netflix, Visa, and Mastercard. Ackman bought over 13 million shares in Netflix, which now accounts for around 5% of his portfolio.
No listed Indian bank has net NPAs of 1 per cent or more. This rare milestone shows the banking industry is getting stronger. Bank of Maharashtra has the cleanest balance sheet with just 13 bps. Meanwhile, total gross NPAs fell to Rs 3.7 trillion in June, down from last year.
Grasim Industries expects to reach Rs 2 lakh crore revenue in FY27. Chairman Kumar Mangalam Birla said the firm is poised to reach this goal, nearly double the level five years ago. The company uses its diversified portfolio across building materials and financial services to drive this strong future growth.
Influencer Vagmita Singh got a shock at a San Francisco cafe when she was charged 75 cents, around Rs 72, to remove cheese from her sandwich. The staff said the chef needed extra effort to change the fixed recipe. Singh said, "Bhai, chal kya raha hai America mein?" online.
The Income Tax Department shared a checklist on X to help taxpayers choose between ITR-3 and ITR-4 for AY 2026-27. Taxpayers must pick the right form before the 31 August deadline. ITR-4 suits those with income up to ₹50 lakh, while ITR-3 covers individuals and HUFs with more complex income sources.
Senco Gold and Diamonds aims for over 25 per cent revenue growth to Rs 11,000 crore in FY27. The company plans to add 20 new stores, focusing on tier II and III cities. Managing Director Suvankar Sen said, "This expansion is expected to add to the company's revenue," despite some overseas delays.
Goa-based regional airline FLY91 plans to raise ₹150 crore from investors to support its growth. The airline started operations in March 2024 and currently uses six ATR-72 aircraft. Chairman Harsha Raghavan said, "We recently raised ₹63 crore in the first tranche and aim to top up with another ₹150 crore."
Urban Company sued Kent RO Systems in the Delhi High Court on August 11 over misleading advertisements. Kent RO called Urban Company’s Native water purifiers unsafe and risky. After the August 12 hearing, Kent RO agreed to pull down the offending content within 15 days to resolve the legal dispute.
Strong inflows via RBI’s swap schemes lifted reserves but failed to boost the rupee. The RBI absorbed $72.85 billion by August 21, keeping dollars out of the spot market. “The flows have done little to nothing because the dollars have to hit the market for them to have an impact.”
Radhika Gupta says people should separate personal gold jewellery from investment portfolios. She noted, “If you are buying gold for the sake of your portfolio, please buy financial gold.” Gupta also warned that luxury handbags and primary homes do not always count as reliable wealth-building strategies for your future.
Starbucks India is set to resume aggressive store expansion after two years of business recalibration. Tata Consumer Products CEO Sunil D'Souza said, "We are seeing acceleration coming in." The company reported four quarters of sales growth and now plans to increase store density in cities to improve overall operational efficiency.