📉 JP Morgan unit and broker allegedly rigged Sensex

Regulators flagged three sharp, sudden spikes in the Sensex index during the closing auction session on August 13. The unusual activity involved Copthall Mauritius Investment, a JPMorgan Chase entity, and Mumbai-based Mansi Share and Stock Broking Private Limited. These entities were found to have placed and then cancelled massive buy and sell orders in seconds to influence the index movement. Copthall allegedly gained Rs 2.96 crore, while Mansi gained Rs 71.64 lakh from their opposing strategies. Consequently, SEBI banned both firms from the securities market to maintain fair price discovery.

😔 Accident rocks Hanogi tunnel in Himachal Pradesh

An accident inside the Hanogi tunnel resulted in the tragic loss of four lives and injuries to seven individuals. This incident occurred on Thursday within Mandi district of Himachal Pradesh. The injured people were promptly transported to a local hospital for necessary medical treatment. Further information regarding the exact cause and the names of those involved is currently being awaited. Authorities are continuing to investigate the circumstances surrounding this serious event. 😔

🏥 Secret deal buzz over Imran Khan's hospital transfer

The Supreme Court ordered the transfer of jailed Imran Khan to a private hospital amid his health issues. This move has caused unease within the Shehbaz Sharif-led government in Pakistan. Hamid Mir points to historical precedents, like Nawaz Sharif's bail in 2018, suggesting a potential secret deal. Sharifs are also worried about coalition cracks and potential youth protests in the country. This court relief sparks speculation about Imran Khan's possible political comeback.

🏝️ Andaman withdraws 'green' AI data center call

The Andaman and Nicobar Islands administration has immediately withdrawn its request for private sector proposals to build a 'green' AI data center. This invitation was initially issued on August 10 for development in the Great Nicobar or Little Andaman regions. The project concept included renewable energy and advanced cooling systems for the computing infrastructure. This move came amid local concerns over a massive Rs 91,000-crore infrastructure plan in Great Nicobar. Meetings are ongoing with tribal communities to finalize the master plan for this large project. 🏝️

💵 Pakistan asks US for $10B exchange support

Pakistan has formally submitted a request to the US Treasury Department for a $10 billion facility. This move aims to boost stability in the foreign exchange market for Pakistan. The request was made as Pakistan implements its $7 billion IMF program agreed in 2024. The facility is intended to signal currency stability rather than being a conventional loan. The government expects feedback from either Exim Bank or the US Treasury by the end of September. 📈

🧠 Ex-RBI Governor proposes tax on AI usage

Raghuram Rajan suggested levying an AI tax, where companies pay more when using AI to replace human work. This idea was presented in a Project Syndicate column targeting AI jobocalypse fears, specifically in the US context. The proposal suggests starting with a low tax on AI tokens and gradually increasing it as governments learn more, including foreign companies. Rajan argues this levels the playing field since companies don't pay social security for AI, unlike human workers. He also recommends tax credits to incentivize businesses to continuously retrain their employees. 🤖

😥 Ex-Meta staffer alleges 'don't ask, don't tell' on kids' safety

Former Meta safety researcher Arturo Béjar accused the company of having a 'don’t ask, don’t tell' policy regarding child safety issues. He made these claims while testifying in a major trial brought by 29 US states against Meta. Béjar stated he raised safety issues with Mark Zuckerberg at least 100 times between 2009 and 2015. The states accuse Meta of fueling a teen mental health crisis via Facebook and Instagram's design. The trial, which started on August 18, is expected to last six weeks and seek major financial penalties. 😥

🛑 Manipur schools shut down for three days over protests

Schools and colleges across Manipur have been temporarily closed for a period of three days. This shutdown affects students and staff in various educational institutions throughout the state. The closures were implemented starting from October 26th, 2023, and are expected to continue until October 28th, 2023. The decision comes amidst ongoing protests happening across the region. Authorities are monitoring the situation and will announce further updates regarding reopening timelines soon.

📈 Sugar stocks are up amid price hikes and new rules

Sugar stocks, including Balrampur Chini and Dalmia Bharat Sugar, rallied for the third straight session on Thursday, August 20. This surge happened amid high market demand and government updates on limiting stockholding for bulk buyers. The Ministry of Consumer Affairs announced a 15-day stock limit for bulk buyers starting September 1, 2026. This move aims to control domestic prices and curb hoarding, especially as global prices also climb. Investors are now watching closely for government plans to lower or remove the 100% import duty. 📈

⚽ Arsenal set to dominate league, but European chances are iffy

Arsenal finally secured the Premier League title on May 19, 2026, ending over two decades of disappointment for supporters. Mikel Arteta's team achieved this feat at Dean Court after a 1-1 draw with Manchester City. Key signings include Bruno Guimaraes for £75m and Piero Hincapie for £34.5 million. The squad looks primed to conquer Europe, despite missing out on Vinicius Junior. They start the 2026-27 season by defending their title at home against Coventry City. 🏆

💡 Three teams explore light control via circuits

Three separate research teams are investigating distinct methods to gain control over light. These groups are operating across various labs and academic institutions. The research involves manipulating light across different circuit architectures and properties. This work aims to push the boundaries of photonic device capabilities and understanding. Future steps will focus on scaling these innovations for practical applications. 💡