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ONGC Videsh is seeking operatorship of two Venezuela oil blocks after securing a US license. CFO Anupam Agarwal said, “We are very upbeat for Venezuela and we believe very soon we will see some positive developments.” The company wants to use its technical expertise to manage these key energy assets.
The Pension Fund Regulatory and Development Authority extended the NPS same-day investment deadline to 1:30 pm on 4 August. This change helps subscribers get better benefits. The regulator said, "The National Pension System has been designed as an efficient, transparent and technology-driven retirement savings framework." Many people will now use this.
The Supreme Court on Wednesday said recognised news outlets can report judicial proceedings. A bench clarified that its July 24 order only restricted uploading audio and video clips on digital platforms. The court said, "The order is not to be construed as imposing a blanket prohibition on the reporting."
UPI apps may soon target high-value transactions as a merchant discount rate return looms. Since 2020, firms focused on consumer loans and insurance because UPI payments lacked direct fees. Now, industry executives said this move could "shift the next phase of competition" by helping apps build stronger relationships with big merchants.
The government raised ₹31,552 crore through the Life Insurance Corp of India Offer for Sale. This move pushed public ownership to ten percent ahead of schedule. The DIPAM Secretary said, "It has achieved this critical milestone ahead of schedule." Many retail and institutional investors joined, making it India's largest public offering.
The RBI kept the repo rate steady to support the domestic economy. Edelweiss Mutual Fund described the policy as a "dovish hold," saying the RBI's communication was more reassuring for bond markets than expected. Experts now suggest that investors should focus on high-quality debt assets instead of taking aggressive risks.
Salad and Go will shut all 70 stores in Arizona and Nevada after filing for bankruptcy. CEO Mike Tattersfield said on Tuesday that these locations will serve their final customers on August 5. He noted, "This is a painful day for everyone who built, worked for and loved Salad and Go."
Chhattisgarh is investing Rs 500 crore in a five-year AI mission to boost startups, research, and jobs. Deputy Chief Minister Arun Sao said the mission will position Chhattisgarh as a "responsive, innovation-driven and future-ready digital state." The plan includes setting up AI labs, training students, and launching new public services.
European IT firm adesso will expand its operations to Pune and Chennai on 05 August 2026. The company aims to boost its Agentic Scale initiative by merging product engineering with AI and cloud expertise. Managing Director Pramod Muralidharan said, "The opening of our Pune and Chennai offices will be a proud moment."
Berger Paints reported a 28.6 per cent jump in net profit to ₹405.01 crore for the first quarter. Revenue grew 12 per cent to ₹3583.75 crore. Managing Director Abhijit Roy said it was a positive start to the year, as strong demand in decorative and automotive segments helped the company grow.
PGIM India Mutual Fund suspended existing SIP and STP instalments in three international schemes from August 7. The fund house said this move helps them comply with overseas investment limits set by the regulator. Many investors got affected as the available headroom for these specific global funds reached its limit.
Edelweiss alternatives arm RYP acquired a Grade A office park in Pune on August 5, 2026. The property spans 1 million square feet, growing the firm’s total portfolio to 5.2 million square feet. "The milestone strengthens RYP's presence across some of India's leading office markets," the company said after the deal.