Day: August 5, 2026

Panaji only rain gauge station yet to cross 1,000mm seasonal rainfall

SpaceX has demonstrated accelerated returns on its AI investments, though investors express concerns regarding future funding for data centers. Following its IPO, the company’s stock saw a significant drop. Despite this, AI revenue surged over threefold, and new cloud agreements were announced. The capital invested in AI is still high, promising returns in under a…

Nithin Kamath, CEO of Zerodha, commented on BSE and NSE’s new Closing Auction Session (CAS), noting that while it’s a good idea, recent price swings reveal deeper issues in India’s markets, particularly the limited ability for arbitrage due to a lack of liquidity and varied market participants.

Gold and silver prices rose for a second session due to optimism over US-Iran diplomatic negotiations, easing inflation concerns. Comex gold reached $4,325 while silver climbed to $63. A weaker US dollar also supported demand for these precious metals.

As part of the partnership, Reliance Brands will operate SKIMS in India through both physical stores and digital platforms. The brand’s first stores in the country will open in Delhi and Mumbai.

India’s $3.3 billion stake sale in LIC saw lower retail demand, with bids covering only 69% of shares reserved for individuals, contrasting with strong institutional interest. 

Berger Paints expects double-digit revenue growth to continue through the year as the full benefit of price increases flows through from the September quarter.

Virginia reports first locally acquired dengue case

MoneyPass Group launches as independent ATM network company

Quanome Technologies begins trading on Nasdaq under QNME