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ChrysCapital sweetens consumer portfolio with Theobroma buyout

New Delhi, Aug. 13 -- ChrysCapital has acquired approximately an 85% stake in bakery and patisserie chain Theobroma Foods Pvt Ltd, in what marks the homegrown private equity firm's first buyout in the... Read More


Hindalco spurts as Q1 profit jumps 30% YoY

Mumbai, Aug. 13 -- Consolidated net profit rose 30% year-on-year to Rs 4,004 crore in Q1 FY26 from Rs 3,074 crore in Q1 FY25. Revenue from operations grew 13% to Rs 64,232 crore from Rs 57,013 crore a... Read More


Stock Picks: Sagar Doshi suggests Paytm, M&M, MCX shares to buy today - 13 August

Stock market today, Aug. 13 -- The Indian stock markets began on a high note on Wednesday as investor confidence rose from a further decline in domestic inflation and favorable global signals. Nevert... Read More


Apollo Hospitals gains after Q1 PAT jumps 42% YoY to Rs 433 cr

Mumbai, Aug. 13 -- Profit before tax (PBT) increased 35.51% YoY to Rs 582.70 crore in the quarter ended 30 June 2025. EBITDA grew by 26.22% to Rs 852 crore in Q1 FY26, up from Rs 675 crore in Q1 FY25... Read More


U-turn! Elon Musk-owned Grok AI supports Sam Altman publicly. Says Musk has a history of.

India, Aug. 13 -- The ongoing public disagreement between OpenAI CEO Sam Altman and xAI founder Elon Musk took an unexpected turn when Musk's own AI chatbot, Grok, appeared to side with Altman in a re... Read More


Nifty above 24,550 mark; metal shares shine

Mumbai, Aug. 13 -- The key equity benchmarks traded with moderate gains in early trade, buoyed by upbeat domestic CPI data. Investors will track ongoing earnings season, FII activity and slew of key m... Read More


Elon Musk's Grok backs Sam Altman. ChatGPT responds with a jibe: 'Very truth-seeking'

India, Aug. 13 -- A fresh feud between Elon Musk and Sam Altman has prompted the tech leaders to take digs at each other on X. It began when Elon Musk alleged that Apple favours OpenAI in terms of App... Read More


Araniko Highway closed for 11 days due to landslides

Kathmandu, Aug. 13 -- The Araniko Highway, a key route linking Nepal to China through the Tatopani border, has been closed for 11 days following frequent landslides at Kodari. Traders say the authorit... Read More


RBI permits investment of surplus rupee balances in special vostro accounts into G-secs

Mumbai, Aug. 13 -- The Reserve Bank of India (RBI) has permitted persons resident outside India holding Special Rupee Vostro Accounts (SRVAs) to invest their surplus rupee balances in central governme... Read More


Karnataka Bank Q1 PAT slides 27% to Rs 292 cr

Mumbai, Aug. 13 -- The bank's profit before tax (PBT) for Q1 FY26 stood at Rs 356.49 crore, marking a 31.2% decline from the same period last year. Net interest income (NII) for the quarter was at Rs... Read More