business The government executed a massive Rs 31,500-crore stake sale in LIC with extreme discretion this week. The operation involved DIPAM in New Delhi, where only a small core team knew the launch timing. Initially offered at 2.5%, demand led to an increase to 6.5% oversubscription. This move helps LIC meet SEBI's public shareholding norm ahead of the 2027 deadline. The strategy aimed to prevent market traders from gaining an unfair advantage.
tech Nikita Bier, the product head at X, has resigned after just over a year in the role. Bier's departure comes from his position at X in San Francisco, where he oversaw major platform rebuilds. During his tenure, which started in July 2025, X saw a 70-spot climb in the App Store and the launch of nearly 30 new products. Despite controversies like Grok misuse, Bier maintained X is vital communication tech, but needed a break. Elon Musk publicly thanked Bier for his contributions to making the platform better. 📱
business Gold is showing a bullish bias while silver is also recovering, according to Abhilash Koikkara, Head - Forex & Commodities at Nuvama Professional Clients Group. MCX Gold is trending towards recent swing highs, with immediate resistance levels set at 148,000 and 152,000. For gold, the crucial support level to watch this week is 142,500, while silver has support at 220,000. Silver is targeting 238,000, with 230,000 being the immediate resistance to break. Momentum remains constructive for both metals moving forward. 📈
health The Ebola outbreak in the Democratic Republic of Congo is accelerating, with cases doubling in several severely affected zones. World Health Organization Director-General Tedros Adhanom Ghebreyesus met with President Félix Tshisekedi in Kinshasa on Wednesday. The outbreak now has 3,874 confirmed cases and 1,751 deaths as of the latest reports. The US has committed an additional $242 million for the emergency response in the region. Authorities are urgently working to contain the virus because no approved vaccine or treatment exists for this strain. 😟
business A Kerala district consumer commission ruled against an airline for failing to compensate a passenger for delayed luggage. The incident occurred after Major Vishnu flew from Jammu to Coimbatore on December 3, 2025. The commission ordered the airline to pay a total of Rs 53,923, covering expenses and compensation. This decision was made because the airline breached the Ministry of Civil Aviation's Passenger Charter despite repeated complaints. The airline must pay this amount within 45 days, or face a monthly penalty. 💸
india The National Investigation Agency (NIA) has arrested another absconding accused in the 2022 murder of BJP activist Praveen Nettaru. This latest arrest, Ummar Farook M.R., took place in Kochi, Kerala, increasing the total count to 25. The incident occurred on July 26, 2022, in Bellare, Dakshina Kannada district. Investigators suspect Farook was linked to the banned PFI and aided in the planning before the killing. The NIA is still actively searching for the remaining two absconding individuals to conclude the case. 🔎
world Hiroshima commemorated the 81st anniversary of the US atomic bombing of the city on Thursday. Mayor Kazumi Matsui made the call for major powers to stop using nuclear weapons as deterrence in Hiroshima Peace Memorial Park. The bombing occurred on August 6, 1945, which killed 140,000 people in Hiroshima alone. Prime Minister Sanae Takaichi stated she would take a realistic approach within the UN framework to prevent nuclear weapon use. Survivors worry amid growing international support for nuclear deterrence, despite Japan's current stance. 😥
india The Supreme Court has directed the Jaipur Development Appellate Tribunal (JDAT) to resolve all pending appeals concerning illegal constructions in the city within two weeks. This order was issued in an August 5 ruling due to concerns over delays in enforcement actions by the Jaipur Development Authority (JDA). The JDA alleged that commercial buildings were built on land designated as agricultural or open space without proper permissions. An interim order dated July 30 by JDAT Presiding Officer Mahavir Prasad Gupta had previously halted JDA's coercive action. The apex court stressed adherence to Jaipur's Master Plan, demanding swift final adjudication. 🏛️
science A chunk of a SpaceX rocket impacted the moon this week, sparking major talks about space junk accumulation. This debris came from a Falcon 9 rocket that launched a US and Japanese lander in January last year. The lunar surface currently holds nearly 200 tonnes of human-made material across about 3,000 objects since 1959. Experts fear unchecked growth in both lunar and orbital debris could make space dangerous for future exploration. Governments and companies must act now to clean up this mess before reaching a 'tipping point.' 🚀
world North Korea's state media has recommended dog meat soup as a way to cope with the country's scorching heatwave. This advice was published in Rodong Sinmun, the official newspaper, while temperatures are expected to hit 40 degrees Celsius in some areas. The recommendation comes despite global controversy over this long-standing tradition. A Pyongyang General Hospital doctor advised it alongside other summer foods to manage health risks from high heat. Meanwhile, South Korea is moving to fully ban dog meat consumption by February 2027.
world A Bishnoi gang was found exploiting Canada’s student visa system for illegal activities. The group operated from Canada while running extortion and hit jobs back in India. Authorities uncovered that the operations spanned several years, with specific figures being investigated. This scheme allowed them to maintain a facade of legitimate students abroad. Law enforcement agencies are now intensifying the probe into their transnational criminal network. 🇨🇦
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