Month: August 2026

Government proposes to ease tax relief conditions for offshore funds

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Government proposes to ease tax relief conditions for offshore funds

To strengthen India’s position as a global fund management hub, the Government has proposed to substantially relax the eligibility conditions for an Eligible Investment Fund (EIF) managed from India to avail tax exemption on its global income. As per the Taxation and Other Laws (Amendment) Bill, 2026, to avail tax exemption on global income, offshore…

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Business

Undercover, Fourth Wing and Spotlight show out

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Undercover, Fourth Wing and Spotlight show out

Undercover, Fourth Wing and Spotlight showed out when the horses were exercised here on Monday (Aug. 3) morning. Inner sand: 600m: Dancing Cloud (Shahrukh) 41. Easy. Saint Sizzle (Nazil) 39. Moved freely. Go Tonto (Nazil) 39. Slightly urged. Golden Gun (S.J. Sunil), New Star (Peter) 41. Pair level. 800m: Shambala (T.S. Jodha) 56, 600/42. Easy….

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Sports

LIC Mutual Fund plans SIF launch by October, targets ₹500 crore corpus

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LIC Mutual Fund plans SIF launch by October, targets ₹500 crore corpus

R.K. Jha, MD and CEO, LIC Mutual Fund Asset Management Ltd, sounds bullish on its upcoming SIF | Photo Credit: BIJOY GHOSH LIC Mutual Fund is planning to launch its first Specialised Investment Fund (SIF) by October, targeting an initial mobilisation of ₹500 crore from high-net-worth investors (HNIs). “We have applied to the Securities and…

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Business

ONGC to reserve half of oil storage facility in Mangaluru towards strategic reserves: MoS Petroleum

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ONGC to reserve half of oil storage facility in Mangaluru towards strategic reserves: MoS Petroleum

A view of ONGC’s advanced drilling rig. File | Photo Credit: @lg_ladakh X/ANI State-owned Oil and Natural Gas Corp (ONGC) would reserve half of its 1.75 million metric tonnes (MMT) oil storage facility in Mangaluru as strategic storage, Suresh Gopi, Minister of State in the Union Petroleum Ministry told the Upper House on Monday (August…

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Business

AI handles 70% of ICICI Lombard Insurance’s customer calls

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AI handles 70% of ICICI Lombard Insurance’s customer calls

AI Voicebot, a feature that ICICI Lombard Insurance claims as an industry first feature, handles as much as 70% of customer calls in the current year, according to Sanjeev Mantri, MD and CEO of the private sector insurer. Speaking at the 25 years anniversary event of the insurer, Mr. Mantri said earlier it was using…

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Business

Stock markets take winning run to 4th day as crude oil prices drop sharply; Nifty surges 1.6%

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Stock markets take winning run to 4th day as crude oil prices drop sharply; Nifty surges 1.6%

Stock market benchmark indices ended higher on Monday (August 3, 2026), with the Sensex climbing 544.39 points and Nifty surging 1.60%, following a sharp decline in crude oil prices amid easing geopolitical tensions. Foreign fund inflows also added to markets’ optimism. Extending the winning momentum to the fourth day, the 30-share BSE Sensex jumped 544.39…

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Business

Rupee rises for 6th day, gains 12 paise to 95.31 against U.S. dollar as crude drops

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Rupee rises for 6th day, gains 12 paise to 95.31 against U.S. dollar as crude drops

Image used for representational purposes. File | Photo Credit: Reuters The rupee strengthened against the U.S. currency for the sixth consecutive session on Monday, closing higher by 12 paise at 95.31 (provisional) following a sharp drop in global crude oil prices and a softer greenback after US President Donald Trump decided to hold off strikes…

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Business

‘Water bombers’ take to skies as Greece battles wildfires

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‘Water bombers’ take to skies as Greece battles wildfires

This aerial photograph taken from a French Civil Security rescue coordination helicopter shows a Turkish Air Tractor AT-802F Fire Boss amphibious water bomber A-172 dropping a load of water over a wildfire in south-western France on July 31, 2026. | Photo Credit: AFP Water-bombing aircraft resumed firefighting operations in Greece on Monday after winds eased,…

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Science

Science Snapshots: August 2, 2026

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Science Snapshots: August 2, 2026

An 18th century portrait of an Inca king. Smallpox caused Indigenous populations in South America to collapse following contact with Europeans because they .lacked natural immunity. | Photo Credit: Brooklyn Museum Study ‘proves’ colonists brought smallpox to South America Scientists have found direct molecular evidence that European colonisers brought smallpox to South America after recovering…

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Science

Aquib Nabi replaces Jasprit Bumrah for Sri Lanka series

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Aquib Nabi replaces Jasprit Bumrah for Sri Lanka series

Jammu and Kashmir fast bowler Aquib Nabi during a Ranji Trophy match against Mumbai. | Photo Credit: Imran Nissar India’s hopes of keeping its faint World Test Championship final aspirations alive have suffered a setback, with Jasprit Bumrah being ruled out of the two-Test series against Sri Lanka because of an incomplete recovery from a…

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Sports