Author: Aruna Kaim

The Indian rupee continued its downward trajectory against the US dollar in early trade, slipping 10 paise to reach 95.55 against the greenback. The decline reflects a confluence of persistent global supply chain disruptions in crude oil and accelerated capital outflows from foreign institutional investors (FIIs). At the interbank foreign exchange, the local unit opened at 95.54 before weakening further to touch 95.55. The fresh dip follows Thursday’s trade, where the currency managed to pare early gains, ultimately settling down by 1 paise at 95.45. Key Factors Behind the Slide Capital Flight: Foreign Institutional Investors (FIIs) remained net sellers in…

The Indian government has generated ₹62,124 crore in capital receipts during the first five months (April–August) of FY27, reaching 78% of its full-year target of ₹80,000 crore. The primary driver is the 6.5% Offer for Sale (OFS) in Life Insurance Corporation of India (LIC), which contributed more than half of the total collection. FY27 Capital Receipts Breakdown (Apr–Aug) Disinvestment Receipts: ₹55,757 crore raised through minority stake dilutions across 9 PSUs, strategic sales, and SUUTI remittances. Asset Monetisation Receipts: ₹6,367 crore realized through Infrastructure Investment Trusts (InvITs). Total Receipts Realized: ₹62,124 crore (out of ₹80,000 crore budgeted under Miscellaneous Capital Receipts).…

California Governor Gavin Newsom’s eleventh-hour legislative push to shield the state’s investor-owned utilities from massive wildfire liabilities has collapsed. State lawmakers effectively killed the core of the governor’s proposal, citing fears that bailing out utilities would trigger further spikes in already-soaring homeowner insurance premiums. The breakdown in closed-door negotiations triggered an immediate selloff on Wall Street. Shares of PG&E Corp. plunged as much as 11.75% on Friday—its steepest single-day drop since March 2020—while Edison International fell up to 6.4%. The Subrogation Dispute At the center of the dispute was a legal mechanism known as subrogation. Under current law, if utility…

OpenAI announced it will terminate its long-standing partnership with AI-coding assistant Cursor following the tool’s acquisition by SpaceX. The decision marks another escalation in the rivalry between OpenAI CEO Sam Altman and SpaceX founder Elon Musk. OpenAI notified SpaceX on August 28, 2026, triggering a 76-day notice period that sets November 12, 2026, as the final shutoff date for direct model access through Cursor. Key Drivers Behind the Contract Termination Lack of Trust & Terms Violations: OpenAI cited past breach-of-contract incidents with Musk’s ventures—including X (formerly Twitter) and xAI—as the primary reason for ending access. In its official statement, OpenAI…

For the first time in its history, Tata Sons has received a three-month extension from the Registrar of Companies (RoC) to hold its Annual General Meeting (AGM). The extension follows the adjournment of the originally scheduled August 18 AGM due to a lack of quorum. Key Drivers Behind the Extension Restrictions on Sir Ratan Tata Trust (SRTT): The Maharashtra Charity Commissioner has imposed curbs on SRTT pending an ongoing investigation into alleged violations regarding board trustee composition and the Maharashtra Public Trusts Act. Quorum Deficit: Because SRTT and the Sir Dorabji Tata Trust jointly hold a controlling majority stake in…

Indian IT services leader Infosys has confirmed that Lax Gopisetty, Chief Executive Officer of its US-based subsidiary Infosys Public Services (IPS), is currently untraceable in the wake of severe flash floods that have devastated parts of Nepal and the Tibet autonomous region. Gopisetty was visiting the Himalayan nation in a personal capacity when the disaster struck. In an official statement, the Bengaluru-headquartered firm expressed deep concern and assured that it is taking active steps to locate him. “We can confirm that our colleague Lax Gopisetty, who was visiting the region in a personal capacity, is currently not reachable. We remain…

Google has officially released Chrome 152 for Windows, macOS, and Linux. The stable channel update addresses an extraordinary 327 security vulnerabilities, 10 of which carry a Critical severity rating. This massive security release is one of the most substantial in Chrome’s history, driven in large part by Google’s expanded use of AI-driven vulnerability discovery tools to surface memory-safety flaws internally. The Critical Flaws: Memory Safety at Risk Out of the 10 critical flaws patched in this update, 8 involve Use-After-Free (UAF) conditions. A UAF vulnerability occurs when software continues to reference a pointer after its allocated memory has been deallocated.…

The European smartphone market is seeing major price movements this week, highlighted by pre-orders opening for the Samsung Galaxy S26 FE alongside steep discounts on older flagship models and competitive offerings from Xiaomi’s POCO and vivo. 1. Samsung Galaxy S26 Series & A-Series Deals Galaxy S26 FE 8/128GB: €700 (Amazon DE) 8/256GB: €800 (Amazon DE) Key Specs: 6.7″ 1080p+ OLED, Exynos 2500, 50+8+12MP cameras, 4,900mAh battery (45W wired / 15W wireless). The Verdict: The S26 FE faces stiff internal competition. It has been downgraded to USB 2.0 (lacking wired DeX display output) and relies on 8GB RAM across all configurations.…

Whether to buy Apple stock (NASDAQ: AAPL) ahead of its September 9 product launch depends on your investment horizon and tolerance for short-term volatility. While technical indicators and major product catalysts signal strong momentum, elevated valuation metrics present clear downside risks. Key Market Drivers 1. Potential Catalysts (The Bull Case) First-Ever Foldable iPhone: Rumors of a premium foldable model could create an entirely new addressable market and boost gross margins, supported by high-conviction price targets like Rothschild Redburn’s $400 forecast. Leadership Transition: Incoming CEO John Ternus takes over on September 1 as Tim Cook becomes Executive Chairman. A successful event…

It has been a massive week for the tech world. From long-awaited gameplay reveals to historic court settlements and retro hardware launches, here is your essential firmware update for the week ending August 29, 2026. 1. Rockstar Drops 27-Minute GTA 6 ‘Extended Look’ Rockstar Games finally gave fans an in-depth look at Grand Theft Auto VI with an official 27-minute gameplay showcase captured entirely on base PS5 hardware. Premiering via Netflix before landing on YouTube, the footage detailed dual protagonists Jason and Lucia in Vice City, showcasing interactive NPC dialogues, dynamic cover systems, a 6-star Wanted system, and seamless transitions…