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Adani Group will build a multispecialty hospital in West Bengal
West Bengal Chief Minister Suvendu Adhikari laid the foundation stone of 2000 bed capacity Adani Health Mandir at Bengal Silicon Valley Tech Hub in New Town, Kolkata. The Adani Foundation will implement this initiative, which is in line with West Bengal's Healthcare Vision 2026.
Under this project, more than 2 lakh in-door patients and more than 20 lakh out-door patients will be served annually. Creating around 10 thousand employment opportunities and creating a world-class academic medical center and comprehensive healthcare ecosystem for Eastern India and beyond, Rs. More than 4000 crores will be invested.
Adani to raise $1 billion from global investors in airport business
Adani Airport Holdings Ltd., the airport company of the Adani Group, has received around Rs. 9,925 crore i.e. one billion dollar primary equity capital. This investment has valued AAHL's pre-money equity valuation at around $18 billion.
These investors include Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds. The combined shareholding of the investors in AAHL will be about 5.54% after the completion of all the investment processes in the three phases. The final phase is expected to be completed by July 2027.
According to AAHL, the capital raised will be used to expand and modernize the country's airport infrastructure. The company aims to increase the capacity of its airport network to serve approximately 200 million passengers annually. The company plans to create a mixed-use development of about 22 million square feet in the first phase.
It is pertinent to mention here that this investment of Adani Airport is considered to be significant after Adani Inter's successful Rs 15000 crore QIP. This QIP in July 2026 was the largest QIP by an Indian company other than a financial one.
Jeet Adani, Non-Executive Director, AAAHL, said that India's aviation sector is becoming an important multiplier for the country's GDP growth. Expansion of air connectivity accelerates trade, tourism, employment, and regional development.
Food Safety and Standards Authority of India has issued Dabur India Ltd. Strict action has been taken against. FASSAI has banned several Dabur products for misleading claims of 100 percent natural organic product.
FASSAI has ordered a ban on the sale of several food products of Dabur India. The company was making claims such as 100 percent natural, 100 percent pure and 100 percent organic on many of its products, which were found to be inconsistent with regulations, the regulator said. FASSAI has directed the company to immediately stop sale of all such products and submit an action taken report within 15 days.
FASSAI has directed the company to immediately stop selling many of its food products. The regulator said the company was making claims on its products that could mislead consumers and were inconsistent with existing regulations.
The claims Dabur is making on its website and some products have been called vague claims by regulators. Companies claiming 100 percent purity have also violated the rules. FASSAI has directed Dabur India to submit a report within 15 days.
Build trust, not funding: Anil Aggarwal's advice to startups
The last few years have seen a race for startups in India, amid the ongoing battle for unicorns and valuations, with entrepreneur Anil Agarwal advising that valuation is essential for business, but not a measure of success. Companies that solve customer problems are seen to be successful.
Customs duty waived on electronics parts till 2029
The basic customs duty on the parts coming in the manufacture of electronics parts in the country will be waived till the next year 2029. These parts are used in making smart TVs, smart watches, computers, wireless chargers, smart phones, laptops, fitness bands and other electronics items. Besides, this decision has been taken to promote local production under the PLI scheme run by the central government.
Fortune India's top 100 billionaires' wealth increased, 31 decreased
Fortune India has released the list of top 100 billionaires of the country, the wealth of Adani-Ambani, the two top rich people of the country, has increased in one year to Rs. A decrease of 1.41 lakh crores has been recorded. However, Mukesh Ambani ranks first and Gautam Adani ranks second.
The total wealth of 30 businessmen included in the top-100 is Rs. 4.26 lakh crore has decreased. In which Mukesh Ambani's wealth is 82 thousand crore rupees and Gautam Adani's wealth is Rs. 59 thousand crores has decreased.
On the other hand, the assets of 56 industrialists were Rs. 7.70 lakh crore has increased. While the wealth of 31 has decreased. Not only this, 13 people have made it to the Fortune India Top-100 for the first time this year. Savitri Jindal's wealth has increased by one lakh crore. While Shyam Bharti and Hari Bharati have seen the highest percentage increase in wealth at 78 percent.
There is a queue of IPOs in the Indian stock market. In which there are high premiums in the gray market to attract investors, but as soon as the issue is filled, the premium from the gray market of these IPOs comes to a low level and the IPOs of such companies are listed at a nominal premium or at a discount, due to which investors feel that they are being cheated.
Currently the IPO of Veegaland Developers is going on, which is one day before the closing of the IPO and this IPO is more than one times oversubscribed, while the IPO premium of Rs 210 crore has reduced in a single day to Rs. 15 has been spoken. Which earlier Rs. 25 was reached.
Similarly, the IPO of Raksan Transformers was opened on 10th. The subscription has been weak in two days. 11 percent premium is being spoken in the gray market, but the NII and retail categories are still not fully filled. Rs. 110 crore SME IPO includes a fresh issue and OFS.
While in the upcoming IPO gray market NSE's Rs. 200 and Hero Motors Ltd. Rs. A premium of 24 is running.
Annu Projects will raise funds of Rs 175 crore through IPO
Annu Projects Ltd. A company active in the EPC sector for its upcoming IPO at Rs. 94 to Rs. 99 price band has been announced. The company's IPO will open on August 25 and close on August 28.
The company through this IPO raised Rs. 175 crore plan to raise funds. Out of this fund Rs. 115 crores for working capital requirement and 15 crores for capital expenditure requirements of the company and purchase of machinery and equipment. The remaining amount will be used for general corporate purposes.
InfinityDAO's security shield against crypto risk will be strengthened
AI-based decentralized financial ecosystem InfinityDAO is moving to create an insurance cover of up to one billion dollars for its IDL token and the entire ecosystem. The initiative aims to strengthen risk management, user security and organizational reliability in the digital asset sector.
The insurance program is being structured by UK-based specialist crypto insurance syndicate. However, the final policy, underwriting conditions, limitations and exclusions are yet to be finalised.
The proposed insurance program seeks to cover five major areas. These include protection against scheduled default related to the IDL token, coverage for certain failures of the InfinityDAO platform, protection against theft and crime of digital assets, and liability cover for directors and officers.
In addition, there are plans to create security frameworks for eligible users and other stakeholders. The proposed total insurance limit of US$1 billion is an attempt to position InfinityDAO as a digital-asset project with large-scale third-party insurance protection.
The relationship with gold is changing, the next boom in gold will see the big hand of Gen-Z, not just jewelers. A new report by the World Gold Council says that the next big boom in gold in India will not only be buying jewellery, but also technology, digital finance and new-age investment products.
The WGC report comes at a time when gold prices have soared over the past few years. People's shopping habits have changed. However, people in India are still spending a lot of money on jewellery. According to a report, people of India have 31 thousand tons of gold. The estimated cost of which is Rs. 315 lakh crores, that is 3.4 trillion dollars. Out of which most of the gold is lying idle in the houses. Due to this it is the least utilized asset in India but it has an important contribution.
According to the WGC, people born between 1997 and 2012 see gold as more than just an inherited asset. It also emphasizes on issues like liquidity of gold and digital access. This is the reason why they are showing more interest in digital gold and technology based investment products instead of just physical jewellery.
Young investors do online research before investing in gold. According to an estimate, consumer spending by Gen-Z could reach approximately $2 lakh crore by 2035, which will have an impact on India's gold market in the future.
SpaceX's big splash, Starlink will launch mobile service
Elon Musk, the head of the SpaceX company that created a revolution in the satellite internet sector, has now prepared to burst into the global telecom market. The company is planning to launch its official subscription-based mobile service by the end of 2027. As soon as this announcement is made, the leading telecom companies of America have started calling. These include T-Mobile, Verizon and AT&T.
Gwynn Shotwell, president of SpaceX, said the US cellular market is worth $600 billion and Starlink is hoping to get a bigger share of it. The company will completely eliminate dead zones without coverage through direct satellite connectivity. So that the mobile network will remain unaffected even during natural calamities. For mobile service, the company will set up a terrestrial network by installing a cellular base station on its Starlink broadband dish itself, thus saving huge expenditure on spectrum. In 2025, the company also bought a wireless spectrum license of 65 MHz from Echostar at a cost of $19.6 billion.
In America's telecom sector, three companies, namely Verizon with 146 million users, T-Mobile with 130 million users, and AT&T with 110 million users, have a 95 percent share. These companies have built a huge network with billions of dollars of investment over a period of three decades.
It may be mentioned here that till now there was a partnership between T-Mobile and Starlink for direct to cell connectivity outside the coverage area, but with this new plan of SpaceX, both the companies have now become direct competitors. In other countries of the world, including India, where Starlink satellite service is still waiting for approval, this new plan of SpaceX has also raised a lot of discussion in the worldwide telecom market.
One 97 Communication Limited-Paytm has informed that the company's board will consider the proposal to issue bonus shares along with June quarter results in a meeting to be held on July 20. However, this will be the first bonus issue after Paytm's stock market listing in 2021.
Paytm had earlier completed an open market share buyback of Rs 850 crore in December 2022. After this, this could be the first major corporate action from the company.
The entry of Paytm in the stock market took place in the year 2021. The company's IPO came at an issue price of Rs 2150 per share, but the stock was listed below this price. Later, the stock hit a record low of around Rs 300 amid concerns over regulatory challenges and profitability. However, the business and financial performance of the company has improved in recent times. But it is still being quoted at 50 percent below the IPO offer price. Investors at the time of IPO may get relief if Paytm offers one bonus share for one.
According to the company's shareholding pattern, the share of domestic investors increased to 51.6 percent as of June 30, 2026, from 50.3 percent in the previous quarter. Paytm has retained its status as an Indian owned and controlled company for the second quarter in a row.
The share of domestic institutional investors also increased to 24.9 percent from 23.1 percent in the previous quarter. The total share of mutual funds rose to 17.9 percent from 16.6 percent in the June quarter. The number of mutual funds investing in the company has also increased from 41 to 43.
Goldman Sachs believes that growing market share in the payments business and strength in financial services can further support the company's growth. If Paytm maintains a consistent revenue growth of over 20 percent, the stock's valuation may see further improvement.
Inauguration of Skoda's new showroom and service center at Naroda
Skoda Auto India has inaugurated three new customer contact centers in Ahmedabad and Himmatnagar in Gujarat, thereby strengthening the company's network presence in the state as well as in western India. These new facilities include a new sales and service center in Naroda, a new sales center in Maninagar and a new compact 3S facility in Himmatnagar.
Located at Naroda, Ahmedabad, the center is spread over 26,700 square feet, with six vehicle display facilities and 19 service bays. While the Maninagar-based dealership has a 4,800 sq ft sales center with seven vehicle display facilities. The new compact 3S facility launched at Himmatnagar is spread over an area of 10,600 square feet, with provision for four vehicle displays as well as a service facility with four service bays. All the newly launched sales and service facilities reflect Skoda Auto's global modern solid design philosophy, offering customers a great sales and service experience with a welcoming environment. With the addition of these new centres, Skoda Auto India now has a total of 25 customer contact centers across 16 cities in Gujarat—Ahmedabad, Surat, Vadodara, Rajkot, Vapi, Gandhinagar, Anand, Bharuch, Bhavnagar, Gandhidham, Himmatnagar, Jamnagar, Junagadh, Mehsana, Morbi and Navsari.
Speaking on the occasion, Ashish Gupta, Brand Director, Skoda Auto said, “With the inauguration of these new facilities in Gujarat, we are further strengthening Skoda Auto India's presence in the state as well as in the western region of India. We now have five customer contact centers operating in Ahmedabad alone. Through it we are bringing our complete product portfolio closer to the customers while also making them experience the highest standards of service and care. The importance of Gujarat in the development of India is very special and we are confident that with the Kylaq, new Kushaq, Kodiaq and Slavia we will be able to strengthen the Škoda brand in this important market.
