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WestBridge Capital To Acquire 15% Stake In Edelweiss Asset Management

WestBridge Capital To Acquire 15% Stake In Edelweiss Asset Management

On August 22, Edelweiss Financial Services Limited (EFSL) announced that WestBridge Capital will acquire a 15% stake in the company for ₹450 crore, valuing Edelweiss Asset Management at approximately ₹3,000 crore. This strategic investment is seen as timely support for Edelweiss Mutual Fund (MF) as it enters a new phase of growth. Radhika Gupta, CEO of Edelweiss MF, shared the news on X (formerly Twitter), calling it a major milestone and a strong vote of confidence in the company's journey and future ambitions. The deal is subject to regulatory approvals from SEBI, the Competition Commission of India, and other customary…
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Russia To Welcome Indian Exports Amid 50% US Tariffs

Russia To Welcome Indian Exports Amid 50% US Tariffs

Following the US move to impose tariffs on Indian goods, Russia has offered to open its markets for Indian exports. The Russian Embassy also criticised US pressure on India over its oil imports, stating that such actions disrupt global supply chains and threaten energy security for developing nations. “If Indian goods face hurdles in the US, Russia welcomes them,” said Roman Babushkin, Chargé d'Affaires at the Russian Embassy, as quoted by ANI. Commenting on India’s oil trade, Babushkin highlighted that Russia is a major producer and India a key consumer. He warned that unilateral actions destabilise pricing, create supply issues,…
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Praj Industries Share Price Cracks Post Q1 Results

Praj Industries Share Price Cracks Post Q1 Results

Praj Industries’ share price dropped over 9% on Tuesday, August 12, following the release of its April-June quarter results after market hours on Monday. The company reported a net profit of ₹5.34 crore for Q1 FY26, a sharp fall of more than 90% from ₹84.18 crore in the same quarter last year, disappointing investors and triggering the steep decline. Sequentially, net profit also fell significantly from ₹39.82 crore in the January-March 2025 quarter. Management attributed the drop to cautiousness in the domestic ethanol market after achieving the 20% ethanol blending program (EBP) target and upcoming blending mandates. Geopolitical tensions and…
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Tata Motors Shares Surge Nearly 3% Despite Weak Q1 Earnings

Tata Motors Shares Surge Nearly 3% Despite Weak Q1 Earnings

Tata Motors' shares rose nearly 3% on Monday, August 11, despite the company reporting a drop in June quarter earnings due to declining volumes across segments and reduced profitability, particularly at JLR. On Friday, the automaker posted a consolidated net profit of ₹3,924 crore for Q1 FY26, down 30% from ₹5,643 crore in the same quarter last year. The stock was last trading at ₹648.20 on the NSE, up 2.29%. Group CFO PB Balaji said the company is focused on delivering a stronger second half, supported by festive demand, tariff clarity, and the upcoming demerger in October 2025. Revenue from…
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Israeli forces killed two Palestinian militants

Israeli forces killed two Palestinian militants

Israeli forces have killed two Palestinian militants, Mohammed Nazzal and Katiba al-Shalabi, who were responsible for a deadly bus attack in the West Bank earlier this month. The militants exchanged fire with Israeli troops in the village of Burqin before being killed, and an Israeli soldier was moderately wounded. Both Islamic Jihad and Hamas claimed ties to the militants and praised the bus attack.  In related news, talks between the U.S. and Israel are ongoing regarding Israel's withdrawal from Lebanon, with a ceasefire deadline approaching. Additionally, Al Jazeera reported that the Palestinian Authority arrested one of its reporters, while Israel…
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Cows are kept in an abandoned house in Domjur Rural Hospital, the picture was caught on camera

Cows are kept in an abandoned house in Domjur Rural Hospital, the picture was caught on camera

It is learned that there are several abandoned houses in front of the seminar hall behind the main hospital building. Cows are tied in one of those rooms and bags of cow food are stored in the other room.It is known that the local youth Sheikh Saheb runs the Khatal business with four or five cows. Local residents said that there is a cowshed outside the hospital but a door has been made of tin in the front wall. The key and lock of that door are not with anyone in the hospital, but with Khatal Malik Sheikh Sahib. It…
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Israel says retaliatory strikes against Iran completed

Israel says retaliatory strikes against Iran completed

Israel launched a series of airstrikes against Iran early on Saturday, claiming that the strikes were directed at military targets in retaliation for the Islamic Republic's October 1, 2024, barrage of ballistic missiles, which included about 200 missiles fired at Israel. This was Iran's second direct attack on Israel in six months. Tehran, the capital of Iran, was the site of audible explosions, although the Islamic Republic said that the damage was "limited." According to the person, "U.S. President Joe Biden received updates throughout the day on Friday as the operation progressed and by his national security adviser, Jake Sullivan,…
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The incident took place in Dhaka, where protesters used hammers to damage the statue

The incident took place in Dhaka, where protesters used hammers to damage the statue

Bangladesh is facing anti-government protests, which recently expanded into the vandalism of a statue of Sheikh Mujibur Rahman, the country's founding leader and father of Prime Minister Sheikh Hasina. The occurrence took place in Dhaka, where protesters used tools like hammers to destroy the statue, an act that has been widely condemned. This wave of disturbance has been fueled by increasing dissatisfaction with Sheikh Hasina's government, culminating in her resignation and separation from the country. Protesters destroyed the statues of Sheikh Mujibur Rahman. Biocon founder and chairperson Kiran Mazumdar-Shaw condemned the act and called it a ''sad day for Bangladesh.''In…
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In past Lok Sabha elections how many NOTA votes were polled

In past Lok Sabha elections how many NOTA votes were polled

In the 2019 Lok Sabha elections, as many as 65, 22,772 NOTA votes were polled, which actually constituted 1.06% of the total number of votes. In fact the highest numbers of NOTA votes were cast in Bihar (8, 16,950). Meanwhile, in the 2014 Lok Sabha elections, as many as 60, 02,942 NOTA votes were actually cast. Right now in India elections are going on and people are very serious about it so that right candidate wins which will be good for everyone. Actually India is a big country and having a huge population. For this reason conducting election in India…
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Recently list shows educational qualification of candidates in 7th phase of Lok Sabha elections

Recently list shows educational qualification of candidates in 7th phase of Lok Sabha elections

Recently a list released by Association for Democratic Reforms shows educational qualification of candidates in 7th phase of Lok Sabha elections. In fact as per the list, 24 candidates are illiterate, 31 are 5th pass, 8th pass (62), 10th pass (133), 12th pass (176) and graduate (164). Actually 159 candidates are post graduates, 24 have a doctorate and two haven’t declared their qualification. Today getting education is very important for everyone to get success in life. Right now elections are going on in India and people are very serious about it as they want right candidate to win. As we…
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