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Swiggy shareholders approved a proposal on Tuesday to cap foreign ownership at 49.5%. This move helps the firm qualify as an Indian-owned and controlled company. The company got this approval after a similar plan failed in May. Now, resident Indians will keep control to meet the latest foreign investment rules.
Technovalley Software India announced free skill training for over 1,00,000 youth on August 18, 2026. The program offers online webinars in cyber security and AI for students aged 18 to 25. Top performers will get scholarship vouchers worth ₹4 crore. This initiative helps transform the state into a knowledge-based economy.
Indradhanush Gas Grid Limited supplied natural gas to Nagaland for the first time on Tuesday. The company injected gas into the Dergaon-Dimapur Pipeline, connecting the state to the National Gas Grid. This project helps use local gas resources from ONGC’s Jorhat Asset and supports India’s goal for a cleaner energy future.
Swarup Mohanty warned that salaried professionals who start investing at 40 could lose ₹2 lakh per month due to missed compounding. He said, "Your salary will stop one day, your medical bills will not." He urged people to start investing by 35 to avoid a scary financial future later.
The Federation of Indian Pilots asked the DGCA to increase random drug testing to 25 percent annually. This demand follows the August 4 Air India Phuket-Delhi incident where 24 people got injured. The body said, "The possibility of being selected should remain credible throughout the year," to improve safety.
L&T Finance expects its gold loan business to contribute over 10% to its total loan book in the next five years. The company plans to open 500 new branches annually until 2031. COO Raju Dodti said, "I do not see any challenge in that happening, actually," regarding the growth target.
Ashok Leyland sold 48,763 vehicles in the June quarter, marking its highest-ever first-quarter volume. Revenue rose 10.43% to Rs. 9,634 crore on August 14, 2026. However, the operating margin fell from 11.1% to 10.1% because total expenses grew faster than revenue. The company got more sales but saw no profit growth.
India and Israel are preparing to exchange market access offers for a free trade agreement. Following July talks, officials are consulting domestic industries to finalise proposals. A source said, “It is important to protect the interests of the domestic economy.” Both nations hope to boost strategic cooperation in key sectors.
L&T Finance plans to add 26 new locations by March 2027 to expand its gold-loan business in West Bengal. The company currently operates 28 locations in the state. "We are looking to deepen our presence," said Raju Dodti. The firm now holds a portfolio worth Rs 165 crore there.
Jubilant Ingrevia will buy a 40% stake in Zettaone Technologies for ₹189.2 crore to grow its electronics business. The company said, “The proposed investment is aligned with the Company's Pinnacle growth strategy.” This deal helps them offer integrated services in the semiconductor space. The transaction should finish by September 2027.
TIL Ltd reported a 66 percent jump in consolidated revenue to ₹117.47 crore for Q1FY27. The company said, “We have started FY27 on an encouraging note.” While net losses narrowed to ₹5.45 crore, EBITDA rose nearly seven times. TIL now plans to focus on cost reduction and better order execution.
Exide Industries invested ₹200 crore in its subsidiary Exide Energy Solutions on August 18 for a lithium-ion facility. BPCL said it will raise ₹5,000 crore through debentures. Meanwhile, Shilpa Medicare started a voluntary recall of 27,923 vials in the United States. ONGC also commissioned new gas facilities in Assam today.