Amid strained diplomatic relations, India has appointed Dinesh K Patnaik, a seasoned diplomat from the 1990 IFS batch, as the new High Commissioner to Canada. Patnaik, currently serving as India’s Ambassador to Spain, brings over 30 years of experience from various international missions. This appointment comes after India withdrew its High Commissioner and other diplomats following actions by Canada.
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Google has significantly reduced its managerial staff, eliminating approximately 35% of managers, as revealed in a recent all-hands meeting. This move aims to streamline operations, reduce bureaucracy, and enhance decision-making amid economic pressures. The company also addressed employee concerns about job security and morale following layoffs and voluntary buyouts.
Kotak maintains an add rating on Reliance, anticipating significant EBITDA growth and retail expansion. Nomura reaffirms its buy rating for Ather Energy, highlighting its innovative electric scooter platform. InCred, however, re-initiates coverage on Delhivery with a reduced rating, citing potential headwinds. Morgan Stanley is overweight on Torrent Power, projecting strong returns from a new thermal power plant.
Ravichandran Ashwin has criticized Lalit Modi and Michael Clarke for circulating an old video of the 2008 IPL 'slapgate' incident involving Harbhajan Singh and S. Sreesanth. Ashwin emphasized the importance of moving on from past mistakes, noting that Harbhajan and Sreesanth have already reconciled. The resurfaced footage has been widely condemned, including by Sreesanth's wife, for reigniting a settled controversy.
Hindustan Aeronautics Limited (HAL) aims to deliver the first two 'improved' Tejas Mark-1A fighters to the IAF next month, pending successful weapon firing trials. Delays are attributed to engine delivery issues from General Electric and weapon integration challenges. The IAF, facing squadron shortages, awaits the delivery of 83 Tejas Mark-1A jets and has ordered 97 more.
PM Modi engaged with EU leaders, emphasizing trade, technology, and defense cooperation, pushing for a swift conclusion to the India-EU FTA negotiations by year-end. EU leaders echoed this commitment, planning a joint strategic agenda for the 2026 summit. Discussions also covered the Ukraine conflict, with the EU urging India to leverage its influence for peaceful resolution and stability.
A viral video showing an Egyptian doctor dancing with a newborn baby—holding the infant by the neck and placing it between his feet—has sparked national outrage. The Doctors Syndicate has summoned him for investigation, citing a violation of professional ethics. Disciplinary action is expected pending a full inquiry, with possible penalties including suspension or permanent license revocation.
A Belgian court has denied bail to fugitive diamantaire Mehul Choksi, wanted in India for bank fraud exceeding Rs 13,900 crore, ahead of his extradition hearing. Indian authorities presented evidence of his past escapes and involvement in economic offenses, leading the court to deem him a flight risk.
Lalit Modi stirred controversy by sharing an old video of the infamous IPL 'slapgate' incident between Harbhajan Singh and S. Sreesanth. Harbhajan expressed his disappointment, suggesting a selfish motive behind resurfacing the 18-year-old incident. He acknowledged his mistake, reiterated his regret, and mentioned seeking forgiveness.
Mahima Chaudhry, the Bollywood star of the 90s known for hits like 'Pardes,' faced a career-threatening accident when a truck collided with her car, leaving her with severe facial injuries. Fearing its impact on her career, she initially kept the incident private.
Despite increased US tariffs on Indian exports due to its reliance on Russian oil, India is expected to increase Russian crude imports by 10-20% in September. This move is driven by cheaper prices and Russia's increased export availability.