Day: August 13, 2026

Cisco’s AI-driven profit jump; PPI ahead – what’s moving markets

Metal, Oil & gas and private bank shares declined while realty, FMCG and media counter advanced.

Vyoma.AI, an Larsen & Toubro company, through its AI infrastructure subsidiary LTN Compute, has secured India’s largest single-cluster AI infrastructure an NVIDIA B300 AI Factory for a US-based AI cloud innovator. According the company’s project classification, the project is valued between Rs 10,000 crore to Rs 15,000 crore.

The Monsoon Session of Parliament concluded with both houses adjourned sine die. Repeated disruptions and political confrontations marked the proceedings throughout the session. The Rajya Sabha passed the Mines and Minerals Amendment Bill after skipping question hour. Opposition MPs continued protests in the Lok Sabha demanding statements from ministers. The session ended after weeks of…

Filing your ITR before the 31 July deadline does not guarantee that you will not receive an income tax notice later. Mismatch in AIS/Form 26AS, incorrect tax claims and errors in the return can still trigger a communication from the Income Tax Department.

New York City’s new tax targets expensive second homes not used as primary residences. This measure aims to generate significant annual revenue for the city. However, complex ownership structures complicate tax liability determination for many owners. The city has sent notices to thousands of properties, offering exemption opportunities. Homeowners are challenging the tax’s implementation and…

Shein is reportedly planning a Hong Kong IPO on August 28, reviving its long-awaited public listing plans after exploring New York and London. The Singapore-based fast-fashion retailer may target a $30–40 billion valuation, well below its 2022 peak, amid slower growth, higher costs and financial pressure following US trade-policy changes.

A new August 2026 study may have solved the long-standing mystery of how the first birds took flight. Researchers from the University of Southampton and Paris’s National Natural History Museum used 3D models and billions of simulations to study Archaeopteryx, which lived around 150 million years ago. Their findings suggest it could not launch like…

Salman Khan has unveiled the thrilling official trailer for his much-anticipated international action film, ‘7 Dogs’. This cinematic endeavor boasts a star-studded global cast, including the likes of Monica Bellucci and Giancarlo Esposito. Directed by Adil El Arbi and Bilall Fallah, audiences can expect breathtaking action sequences on a grand scale.

Passenger vehicles, two-wheelers and three-wheelers posted double-digit growth in July, while two-wheeler exports rose 27.7 per cent as the auto industry entered the festive season