💰 Ardee Industries IPO GMP steady after massive subscription

The Ardee Industries IPO shows a consistent Grey Market Premium (GMP) of ₹15 today. The public issue was heavily subscribed around 135 times across three bidding days, from August 5th to August 7th, 2026. Allotment is expected today, but might shift to Monday due to Saturday. Market sentiment and the strong subscription likely fueled the GMP rise from ₹7 to ₹15. Interested applicants can check the allotment status online via the BSE or KFin Technologies websites. 📈

🌧️ Amarnath Yatra Suspended Due to Bad Weather

The Amarnath Yatra has been suspended from Jammu starting on Saturday, August 8, 2026. This decision was made amidst inclement weather and a noted dip in the number of pilgrims arriving. Since its start on July 3, more than 4.75 lakh pilgrims have visited the 3,880-metre-high holy cave shrine. The administration is closely monitoring the situation considering the Jammu-Srinagar national highway's condition. Movement will be reviewed based on weather and road conditions until the pilgrimage concludes on August 28. 🌧️

🤖 Zuckerberg addresses the '4 am layoff email' fallout

Meta CEO Mark Zuckerberg updated employees on the widely discussed '4 am layoff email' during the recent earnings call. In May, Meta laid off roughly 8,000 employees globally, with details on severance provided in the email. Q2 revenue reached $60.8 billion, but total expenses surged 55% to $42 billion due to various costs. The company ended Q2 with over 75,000 employees, and most laid-off staff should be gone by the end of Q3 2026. Zuckerberg noted that AI work is creating jobs, despite Meta's own recent downsizing. 🤖

🚑 Bus overturns in Himachal, multiple casualties reported

A private bus overturned and crashed onto a lower road in Chamba district, Himachal Pradesh, on August 8, 2026. Seven passengers were killed and eleven others sustained injuries in the accident. This incident happened at 7:15 a.m. near Chalunj Mor on the Bairagarh-Tissa road. The accident occurred on a treacherous 27-kilometre mountain route leading towards Sach Pass. Rescue operations are ongoing, and police are investigating the cause of this tragedy. 😥

🤕 India's injury woes hit the cricket squad

The Indian cricket team is facing a significant injury crisis with thirteen players in rehab at the BCCI's CoE in Bengaluru. Jasprit Bumrah has left his left knee inflamed, and Hardik Pandya recently faced a setback from a left quadriceps injury. Shubman Gill also missed the first day of the warm-up match against Sri Lanka XI due to a right finger injury. No firm timeline is set for Bumrah's return, while Pandya has resumed running. The team is heading to Sri Lanka for a two-Test series starting on August 15. 🤕

🏛️ Kerala shifts welfare pensions to DBT, opposition objects

The Kerala government has decided to stop delivering social welfare pensions at beneficiaries' homes, shifting most to Direct Benefit Transfer (DBT). This move affects around 62 lakh people receiving pensions across Kerala. The transfer applies to all beneficiaries except those who are completely bedridden, effective immediately. Opposition leaders claim this weakens the welfare system and excludes vulnerable people. They argue the state covers the majority of the cost, not the Union government. 😥

🏛️ Allahabad HC speeds up advocate enrolment process

The Allahabad High Court has directed the UP Bar Council to issue permanent enrolment numbers to advocates within four weeks of clearing the AIBE exam. This order was issued by Justice Arun Kumar Singh Deshwal, addressing delays in the process for law graduates. The court also told district police chiefs to complete police verification for law graduates within two weeks of receiving the form. This decision comes after delays in receiving permanent enrolment numbers from the State Bar Council. The court also clarified rules regarding provisional enrolment and the Certificate of Practice.

⚖️ Centre opposes 'creamy layer' for SC/ST quotas

The Union government has reiterated in the Supreme Court that a 'creamy layer' exclusion concept does not apply to SC and ST reservations. This push follows the August 2024 Davinder Singh judgement, which allowed state governments to sub-categorize within existing SC/ST lists. Justice (Retd.) B.R. Gavai suggested considering this exclusion, similar to the OBC system introduced in 1992. This stance is amidst student protests demanding the abolition of caste-based reservations nationwide. The Supreme Court is now examining the interplay between sub-categorization and creamy layer exclusion.

🏫 Shivakumar wants CSR funds for rural schools

DK Shivakumar urged industries to channel Corporate Social Responsibility funds directly towards government schools' infrastructure and equipment. This call was made at the G BITCIA Vision 2030 - CSR Summit 2026 in Bengaluru, Karnataka. The state has proposed developing 2,000 government schools with CSR support, noting CSR spending was around Rs 3,394 crore in 2024-25. Quality rural education is key to reducing city migration for jobs and studies, according to him. The government will appoint an IAS officer to monitor these direct CSR development projects. 🏫

🏥 Banerjee takes SC again for overseas eye treatment

TMC MP Abhishek Banerjee approached the Supreme Court for the second time regarding his foreign travel permission for eye care. This plea was challenged against the Calcutta High Court's August 5 decision denying travel. The High Court rejected the application because Banerjee declined to appear before a medical board assessing overseas treatment needs. The court noted that Banerjee's right to choose a doctor was limited given his ongoing criminal cases. The West Bengal government opposed the travel, citing potential impact on ongoing investigations. 🩺

💰 LIC's top 10 stock buys in Q1FY27

Life Insurance Corporation actively increased its holdings in various large-cap companies during the June quarter. These investments included Reliance Industries and ITC, with transactions happening across several sectors. Key figures show LIC invested Rs 2,721 crore in Bharti Airtel, which gained 3.9% during that quarter. This buying activity reflects the insurer's strategic allocation across the market. LIC will likely continue its trend of being a major institutional investor moving forward. 📈