📉 Morgan Stanley downgrades PFC and REC stocks

Morgan Stanley downgraded both state-run power financiers, PFC and REC, to 'equalweight' from 'overweight' on Thursday, August 20. The price target for REC was cut to ₹360 from ₹430, while PFC's target dropped to ₹410 from ₹510. This change follows a sharp moderation in loan growth for both companies during the June quarter. The brokerage noted a greater-than-anticipated growth disconnect between the two firms. Future recovery for both stocks is expected to be gradual, with earnings estimates also being cut. 📉

🛡️ Taiwan boosts air power with new F-16 fighters ✈️

Taiwan is acquiring new F-16V Block 70 fighters to strengthen its defense against rising Chinese military activity. The first two of the 66 jets were sighted at Lockheed Martin's facility in Fort Worth, Texas. The $8 billion deal, approved in 2019, has seen delays but is crucial for Taiwan's modern fleet. This acquisition allows Taiwan to expand its modern capabilities without overhauling its entire existing system. The F-16 remains popular due to its continuous upgrades and established global support network.

🏏 Pretorius stars as Warriors cruise past Kings 🏏

The Guyana Amazon Warriors secured a comfortable seven-wicket victory over Saint Lucia Kings in their second CPL 2026 match. The game took place at the Daren Sammy National Cricket Stadium, with the Warriors finishing at 157/3. Dwaine Pretorius was key, taking three wickets in the Kings' total of 151. Glenn Phillips and Mavendra Dindyal anchored the chase, guiding the team to the top of the table. The match highlighted the Warriors' strong bowling and batting momentum.

⚖️ Calcutta HC Judge Recuses After Lawyer Visits Chamber

A Calcutta High Court judge has recused themselves from a case after the lawyer of a jailed TMC leader entered the judge's chamber. The lawyer sought certain records during this visit. This event took place in the Calcutta High Court premises. The judge's decision comes amid ongoing legal proceedings involving the jailed leader. The court is expected to appoint a new judge for the matter soon.

🤖 Robots getting their big AI moment soon

Unitree CEO suggests that robots are on the verge of a breakthrough similar to ChatGPT. This advancement is expected to be a massive leap in robotics technology. He indicated that these capabilities are approaching realization around this time. This development is set to redefine how machines interact with the world and perform tasks. Further details on the timeline for this 'ChatGPT moment' are still emerging. 🤖

🔥 India-Pakistan tensions flare up again

Tensions between India and Pakistan escalated with instances of vandalism outside their respective high commissions. These acts of destruction took place in both Delhi and Islamabad. Specific dates or numbers detailing the incidents were not provided in the report. The ongoing political rivalry between the two nations fuels these sporadic displays of animosity. Authorities are expected to monitor the situation closely for any further escalation. 🇮🇳

🏥 AIIMS Rishikesh found guilty of wrong HIV diagnosis

The Uttarakhand state consumer commission upheld an order finding AIIMS Rishikesh guilty of medical negligence regarding an HIV diagnosis. The patient, who fell ill on July 12, 2014, was recorded as HIV positive at AIIMS Rishikesh but later tested negative in Dehradun. The commission confirmed the hospital must pay Rs 60,000 in total, which included Rs 50,000 compensation and Rs 10,000 in litigation costs. This ruling was based on the hospital's own records repeatedly labeling the patient as HIV positive without supporting evidence. AIIMS's appeal was dismissed, solidifying the financial penalty for the misdiagnosis. 🏥

💸 ₹68.53 Lakh Cash Found in Baggage at Delhi Airport

CISF personnel detected unaccounted cash amounting to Rs 68,53,500 from two passengers at Indira Gandhi International Airport in Delhi. The detection occurred based on behavioural observation at Random X-BIS, ASG Delhi, on August 20, 2026. These two passengers were scheduled to travel to Guwahati and onward to Agartala. The cash and related items were handed over to Income Tax officials for further investigation. This incident showcases the sharp vigilance capabilities of the CISF at the major airport.

🧠 Google beefs up Search and Gemini with AI study tools 🧠

Google has rolled out a new suite of AI-powered learning features across Search and Gemini for students. These tools are available globally in English, starting with AI Mode and AI Overviews. Features include interactive visuals, custom quizzes for exams like JEE and SAT, and Google Lens for problem-solving. Students can now organize notes in study notebooks and turn uploaded materials into custom study documents. Gemini is also gaining multi-step research and functional 3D simulation capabilities.

⚖️ Evergrande founder gets life sentence

The founder of China Evergrande has been sentenced to life in prison for his financial misconduct. The individual was found guilty in a major court proceeding related to the company's collapse. The sentence was handed down on a specific date following extensive legal proceedings. This ruling stems from the massive debt crisis that plagued the real estate giant. Authorities are now monitoring the fallout from this high-profile case. ⚖️

🔥 Hotel fire in Kolkata leads to arrest

Abu Zafar, the leaseholder of Hotel Shikha Inn, has been arrested by Kolkata Police. The arrest took place at Entally Main Market on Wednesday, following a fire that broke out at the hotel on Thursday. Police have also detained two hotel staff members for questioning regarding the incident. Investigators are currently probing the exact circumstances that caused the blaze. Authorities will also check if fire safety protocols were followed at the hotel. 🧐