📉 Car sales up, but automaker profits are taking a hit

Carmakers are experiencing strong sales volumes, yet rising input costs are significantly squeezing their profits. Maruti Suzuki saw a 29.3% jump in sales to over 6.8 lakh units in the June quarter, but its net profit actually dropped by 10.8%. Tata Motors' domestic business grew 46% in volume, though its consolidated net profit plunged by around 80%. Hyundai Motor India faced a 35% net profit decline despite a 5.4% rise in domestic volumes. Automakers are absorbing these cost hikes while investing heavily in new EV and hybrid technologies. 💸

🛡️ UK official heads to Ukraine to boost missile plans

UK politician Burnham is scheduled to visit Ukraine soon to discuss military support. He will be meeting with Ukrainian officials in Kyiv to strategize defense needs. The visit aims to bolster Ukraine's capabilities, specifically focusing on long-range missile production. This move comes amid ongoing geopolitical tensions in Eastern Europe. Further details on the production support are expected to be announced during his trip.

🏛️ Revenue records don't decide property title, says SC

The Supreme Court clarified that mutating a property in revenue records does not create or end property ownership. This ruling was made by a bench of Justices Sanjay Karol and Augustine George Masih in New Delhi. The court quashed an order from the Madhya Pradesh HC that decided a title dispute based only on revenue records. The SC stressed that revenue entries are purely for fiscal purposes and must be weighed with other evidence. Therefore, civil courts remain fully competent to determine the actual underlying property title. 🏛️

🛰️ Swift Telescope Rescue Mission Halted

The rescue mission for NASA's aging Swift space telescope has been canceled due to technical issues with the Link spacecraft. This effort involved NASA and the startup Katalyst Space Technologies, which launched the spacecraft in early July. The $30-million mission aimed to save the telescope from a decaying orbit caused by intense solar activity. Now, Swift is set for a fiery reentry later this year, not before October. Katalyst will keep Link flying nearby to test future rescue operations. 🚀

😠 Thackeray slams BMC over open space changes

Shiv Sena (UBT) leader Aaditya Thackeray accused the BJP-controlled BMC of handing over open spaces to institutions connected with party lawmakers. He made these allegations while participating in the 'Maidan Bachao Tiranga Andolan' in Mumbai on August 23, 2026. Thackeray claimed that over the last four years, more than 15 open plots have seen their reservation changed to residential or commercial use. He specifically pointed out three plots in Andheri-Juhu being given to BJP lawmakers' controlled institutions. He warned he would hold a sit-in outside the BMC office if these open spaces are not reclaimed.

💼 Tata Sons' next boss faces massive hurdles

Tata Sons chairman N Chandrasekaran resigned on August 12th following alleged disagreements with the Tata Trusts board. This massive conglomerate, spanning Jaguar Land Rover and Air India, is undergoing a huge capital investment cycle. The disagreements involved a public listing of Tata Sons and capital allocation for money-losing businesses like semiconductors. The new leader must manage risks from this rapid expansion while aligning the Trusts and Tata Sons. Ultimately, the next person needs a multi-skillset to navigate this complex corporate landscape. 😟

🔬 New treatment spares bowel cancer patients from surgery

A new treatment approach is allowing bowel cancer patients to avoid traditional surgery. This breakthrough involves specialists treating patients across various locations. The study involved data from several months leading up to the latest findings. This method offers a less invasive option for managing the disease's progression. Researchers will continue to monitor the long-term effects of this innovative therapy.

⚽ Flick on Balde and Barca's No. 9 hunt

Hansi Flick addressed Alejandro Balde's situation and Barcelona's search for a new number 9 following their 5-0 win against Elche on Sunday. Flick noted a feeling that something was wrong and advised Balde to clear his mind before further talks. The coach confirmed he is not asking the left-back to leave the club currently. Regarding the striker search, Flick mentioned he will discuss it with Deco after the match this week. The club remains keen on finding a replacement for the number nine position.

🦕 Dino stomach stones reveal bird evolution secrets

A new study shows gastrolith wear patterns reveal the evolutionary path from dinosaurs to birds. Researchers analyzed specimens from 16 dinosaur species and 42 living birds, linking digestive shifts to avian traits. For instance, toothless theropods used rounded gastroliths to crush food mechanically in the stomach. This change in digestive focus shifted the body's center of gravity towards the midsection. This shift is theorized to have directly contributed to dinosaurs evolving onto two legs and becoming birds. 🦖

🚀 Shein hits $27B valuation in HK IPO

The fast fashion giant Shein has secured a valuation of up to $27 billion ahead of its Hong Kong IPO. This massive valuation was reported by Reuters regarding the company's market standing. The IPO process is ongoing, with key dates and figures being finalized by the company and regulators. Shein's rapid growth in the global fast fashion market has fueled this significant financial milestone. The company is expected to continue expanding its international presence post-listing. 🚀

🧐 Parliament deadlock: BJP vs Congress on women's quota

The BJP intensified its attack on Rahul Gandhi regarding his opposition to the government's women's quota implementation push. Maharashtra CM Devendra Fadnavis questioned his stance, as the monsoon session has yet to be prorogued. Congress countered by questioning the government's search for a two-thirds majority for the constitutional amendment bill. This debate surrounds the quota implementation for 2029 with a nearly 50% rise in Lok Sabha seats. Both sides are waiting for a decision on reviving the quota law, which was defeated in April. 🧐