💰 India's big families now worth more than Saudi's GDP

India's top family businesses are now valued at $1.46 trillion, surpassing Saudi Arabia's GDP. Mukesh Ambani's family remains the richest in India, with a fortune of ₹25.8 lakh crore. The combined value has risen 27.5% since 2024, adding nearly ₹30 lakh crore. This massive economic footprint contributes ₹1.9 lakh crore in taxes to India's corporate collection. Many groups are now adopting professional governance as ownership passes across generations.

📚 ICAI CA 2026 Mock Test Schedules Out Now

The ICAI has released the schedules for Mock Test Paper Series 1 and Series 2 for CA Final students. This notice, issued on August 10, is available on the official ICAI website for all students. Series 1 kicks off on September 9, while the second series is scheduled to begin on September 23. These mock tests cover subjects like Financial Reporting and Advanced Auditing, available in both physical and virtual modes. Students must download papers from the BoS Knowledge Portal to assess their readiness for the November 2026 exams.

📉 Godrej Consumer shares drop after CEO leaves suddenly

Godrej Consumer Products shares tanked by 10% on Wednesday after MD & CEO Sudhir Sitapati resigned immediately. This major FMCG company was based in India, and the stock hit an intra-day low of Rs 916 on the BSE. Sitapati noted that GCPL achieved 19% revenue growth in Q1 FY27, a multi-quarter high. HSBC downgraded the stock to Hold due to the sudden departure despite his term extending until 2031. Aasif Malbari, the current Group CFO, is stepping in as the new CEO.

⚠️ Kashmiri Pandits face threat despite return to Valley

A threat letter, allegedly from a Pakistan-backed group, named specific Kashmiri Pandit employees and shared their personal details. This incident occurred in the Kashmir Valley, sparking renewed security concerns among the community members. The letter was reportedly circulated online on August 7, 2026, detailing targets and their locations. These employees are part of a Centre scheme meant to facilitate their return after the 1990s exodus. Authorities are now investigating the threat while increasing surveillance across the Pandit-inhabited areas. 😟

🚨 Ex-MP in Bengaluru Jail Gets Special Treatment

Prajwal Revanna, a rape convict and former Member of Parliament, reportedly received VVIP treatment while incarcerated. He was apprehended in Bengaluru, Karnataka, where his detention facilities were under scrutiny. During a raid, it was observed that he was using a phone inside the jail premises. This incident raises serious questions regarding the fairness of the judicial system and prison protocols. Authorities are expected to investigate the allegations of privilege misuse immediately.

🦠 ICMR team steps in for Chandipura virus in Gujarat

A national team from the Indian Council of Medical Research (ICMR) has been sent to Gujarat to investigate the Chandipura virus outbreak. This team is collaborating with state authorities to understand and control the disease spread. Previous major outbreaks were reported around two years ago, with ICMR studying it in Gujarat for the past two years. The World Health Organization notes the virus can cause acute encephalitis syndrome, especially in children. Authorities are also boosting surveillance using the Integrated Disease Surveillance Programme to manage the situation.

🚀 US planning next-gen hypersonic missile for Mach 5+

The Pentagon's DARPA is seeking industry proposals for a Next Generation Hypersonic Cruise Missile (NGHCM) program. This effort involves DARPA across the US as existing hypersonic systems need major upgrades. The agency is looking for a revolutionary leap in performance, specifically greater range and speed beyond Mach 5. Current programs include the HACM, Dark Eagle, and CPS, with HACM having over $800 million requested for FY2027. The goal is to create a highly survivable, affordable weapon for contested environments. 🚀

📉 Dollar dips as US inflation cools down

The US dollar experienced a decline as indications of tame inflation emerged. This shift happened following recent economic data releases from the US. Inflation numbers showed a decrease compared to previous reports, with the latest data released on May 15th. This subdued inflation outlook has tempered expectations regarding potential future interest rate hikes by the Federal Reserve. Investors are now watching closely to see how this trend impacts future monetary policy decisions. 📉

🐕 Kangana slams Naseeruddin Shah's remarks

Actor-politician Kangana Ranaut took a sharp jab at Naseeruddin Shah regarding his comments on student protests. This happened after actor-singer Piyush Mishra questioned Shah's silence on the Jharkhand paper leak protests. The protests are now in their third week, demanding cancellation of the 14th JPSC exam and an independent probe. Ranaut retorted, stating she'd rather be a dog than a fox like Shah, defending her loyalty to the country. The government has assured students their concerns will be examined despite talks failing so far. 🐕

📱 iPhone 18 Pro might raise older model prices

The upcoming iPhone 18 Pro launch is rumored to cause a price hike across older iPhone models. This potential price adjustment is expected to affect consumers across various markets. Specific details regarding the percentage or exact amounts of the increase have not yet been confirmed as of this report. The shift is being analyzed by tech analysts regarding the market's response to new flagship releases. Apple is anticipated to maintain its premium positioning with this new device rollout.

🔭 Total solar eclipse today, but not visible in India

A total solar eclipse is happening today, August 12, 2026, across parts of the globe. This astronomical event will be visible in places like Greenland, Iceland, Spain, and northern Russia. Globally, the event peaks at 11:16 PM IST on August 12, concluding by 1:28 AM IST on August 13. Since India falls outside the path of totality, the traditional Sutak period will not be observed this time. Everyone is advised to use certified eclipse glasses for safety while watching the event worldwide. 🔭