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Day: August 6, 2026

Chhattisgarh Government Notifies 156 Outstanding Sportspersons; 8-Year Wait Ends, Path Cleared for Government Jobs

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Raipur : In a landmark decision for the sporting community, the Government of Chhattisgarh has officially notified a list of 156 outstanding sportspersons from 20 different sports disciplines, paving the way for their appointment to government services under the state’s Outstanding Sportsperson Appointment Policy, 2007. The long-awaited notification, published by the General Administration Department (GAD) … Read more

Chhattisgarh Government Prioritises Effective Implementation of PESA and Forest Rights Act, Says Chief Minister Vishnu Deo Sai

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Raipur : Chhattisgarh Chief Minister Vishnu Deo Sai has reaffirmed the state government’s commitment to the effective implementation of the Panchayats (Extension to Scheduled Areas) Act (PESA) and the Forest Rights Act (FRA), 2006, stating that both legislations are central to strengthening tribal self-governance, community participation, and sustainable development in Scheduled Areas. Chairing a meeting … Read more

Iran and U.S. Signal Progress on Strait of Hormuz Agreement, but Key Differences Remain

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Washington / Tehran : Iran and the United States have indicated that a potential agreement to ease tensions over the strategically vital Strait of Hormuz could be announced soon, raising hopes for the reopening of one of the world’s most important maritime trade routes. However, significant disagreements over U.S. sanctions, Iran’s role in controlling the … Read more

Stocks to Watch Today: Bonanza Recommends Mphasis, Rico Auto Industries and Tenneco Clean Air India

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Mumbai : Brokerage firm Bonanza has recommended Mphasis, Rico Auto Industries, and Tenneco Clean Air India as its top stock picks for today’s trading session, citing bullish technical breakouts, strong trading volumes, and positive momentum indicators. The recommendations come after the Indian equity markets ended Wednesday on a weaker note, snapping a four-session winning streak … Read more

Asian Markets Decline as AI Rally Loses Momentum; Oil Prices Remain Stable Amid Iran Peace Hopes

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Hong Kong : Asian stock markets closed lower on Thursday as the recent artificial intelligence (AI)-driven rally lost momentum following a weak session on Wall Street. Technology stocks led the decline across the region, while crude oil prices traded in a narrow range as investors assessed the possibility of a diplomatic agreement involving Iran that … Read more

India’s Sugar Prices Hit Record High Amid Tight Supplies and Rising Festival Demand

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New Delhi : Sugar prices in India have surged to an all-time high, driven by tight domestic supplies, rising demand ahead of the festive season, and cautious stock releases by sugar mills. According to industry traders and market officials, wholesale sugar prices have increased by nearly 10% over the past month and are expected to … Read more

FSSAI Intensifies Enforcement Drive in 2026; Food Brands, Beverage Companies and Liquor Makers Face Regulatory Scrutiny

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New Delhi : The Food Safety and Standards Authority of India (FSSAI) has significantly expanded its enforcement activities in 2026, moving beyond routine food safety inspections to crack down on misleading product claims, labelling violations, manufacturing deficiencies, food hygiene issues, and regulatory non-compliance across the food and beverage industry. The regulator’s actions have affected companies … Read more

Centre Releases ₹233 Crore for AI Centres of Excellence, Less Than One-Fourth of ₹990 Crore Approved Till FY28

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New Delhi : The Central Government has released ₹233 crore, representing 23.5% of the total ₹990 crore approved for establishing three Artificial Intelligence (AI) Centres of Excellence (CoEs) between FY2023–24 and FY2027–28, according to a written reply presented in the Rajya Sabha. The funding is part of the government’s vision of “Make AI in India … Read more

Maruti Suzuki Chairman R.C. Bhargava Questions Mandatory V2V Communication Proposal, Warns Against One-Size-Fits-All Regulations

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New Delhi : Maruti Suzuki India Limited Chairman R.C. Bhargava has raised concerns over the government’s proposal to make Vehicle-to-Vehicle (V2V) communication systems mandatory in all new automobiles from October 2028, arguing that such regulations may slow the growth of India’s automobile industry if implemented without considering the country’s unique driving conditions. In an interview, … Read more

Vodafone Idea Enters New Growth Phase with Greater Financial Clarity, Says Chairman Kumar Mangalam Birla

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Mumbai : Vodafone Idea Limited (Vi) has entered a new phase of growth after overcoming years of financial uncertainty, with Chairman Kumar Mangalam Birla stating that the telecom operator now has greater financial clarity, stronger promoter backing, and renewed capacity to invest in its business. In his message to shareholders in the company’s FY2025–26 Annual … Read more

Honda Raises Full-Year Forecast After Quarterly Profit More Than Doubles, Marks First Profit Growth in Six Quarters

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Tokyo : Honda Motor Co. has raised its full-year financial forecasts after reporting a stronger-than-expected quarterly performance, with operating profit more than doubling during the April–June quarter. The impressive results were driven by a weaker Japanese yen and the absence of U.S. tariff-related costs that had significantly impacted earnings during the same period last year. … Read more

Eli Lilly Raises Full-Year Revenue Forecast as Mounjaro and Zepbound Drive Strong Growth

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New York : Eli Lilly and Company has raised its full-year revenue forecast after reporting better-than-expected quarterly financial results, driven by robust global demand for its blockbuster GLP-1 medicines Mounjaro and Zepbound. The pharmaceutical giant delivered strong sales growth across its diabetes and obesity treatment portfolio, reinforcing its position as one of the world’s leading … Read more

Best of BS Opinion: RBI Faces Inflation Challenge, Employment Concerns, UPI Charges Debate and India’s Nutrition Security Transition

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New Delhi: A series of opinion pieces published by Business Standard explores some of India’s most pressing economic and policy challenges, including the Reserve Bank of India’s (RBI) inflation outlook, life insurance policy surrenders, employment generation, the proposed Merchant Discount Rate (MDR) on UPI transactions, and the country’s evolving focus from food security to nutrition … Read more

Karur Vysya Bank Shareholders Approve ₹2.60 Dividend, Re-appoint Director at 107th Annual General Meeting

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Mumbai : Karur Vysya Bank (KVB) has announced that its shareholders have approved a dividend of ₹2.60 per equity share for the financial year 2025–26 and re-appointed B Sankar as a Director at the Bank’s 107th Annual General Meeting (AGM) held on August 5, 2026. The AGM was conducted through video conferencing (VC), with strong … Read more

Oil India Updates Investors on Major Supreme Court Tax Cases; Relief in Assam Land Tax Dispute, GST on Royalty Matter Continues

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New Delhi : Oil India Limited (OIL) has informed the stock exchanges about significant developments in two high-profile tax litigations currently before the Supreme Court of India. The update relates to the long-pending GST on royalty dispute and the Assam Taxation (on Specified Lands) Act case, both of which have substantial financial implications for the … Read more

Rajneesh Narain Appointed as Director (Finance) of IRCTC; Railway Board Issues Formal Appointment Order

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New Delhi : The Railway Board has officially issued the terms and conditions governing the appointment of Shri Rajneesh Narain as Director (Finance) of the Indian Railway Catering and Tourism Corporation (IRCTC). The appointment has been made through Order No. 2023/E(O)II/40/22, with effect from June 15, 2026. The formal order outlines the tenure, salary structure, … Read more

Air India Appoints Aviation Veteran Tewolde Gebremariam as New CEO & Managing Director

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Mumbai : Air India has appointed renowned aviation leader Tewolde Gebremariam, the former Group Chief Executive Officer of Ethiopian Airlines, as its new Chief Executive Officer (CEO) and Managing Director (MD). The appointment marks a significant leadership transition for the Tata Group-owned airline as it enters the next phase of its ambitious transformation journey. Gebremariam … Read more

Hero MotoCorp Allots 48,269 Shares to Employees Under ESOP and RSU Schemes; Paid-Up Capital Rises to 20.01 Crore Shares

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New Delhi : Hero MotoCorp Ltd., India’s leading two-wheeler manufacturer, has allotted 48,269 equity shares to eligible employees following the exercise of Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs) under its Employee Incentive Scheme 2014. The allotment was approved by the company’s Nomination and Remuneration Committee (NRC) and disclosed through a regulatory filing … Read more