🏦 SBI shares drop after Q1 earnings release

State Bank of India's shares fell by 2.3% to close at ₹1,071 on the NSE after strong Q1 FY27 results. The country's largest bank reported a net profit of ₹21,121 crore, which is 10% higher than the same period last year. Net interest income grew 12% to ₹46,992 crore during the April-June period. Furthermore, NPA ratios hit a two-decade low, showing improved asset quality. Analysts from Jefferies, Nomura, and others are now decoding these impressive quarterly numbers. 📈

📈 Gold surges as buyers step in under $4k

Gold showed resilience by finding buyers even when dipping below $4,000 an ounce throughout June and July. This stability hinted at a bigger surge, which finally happened in early August. The price action is interesting because it's happening despite high US real yields. Gold finished July near its starting point at US$4,027/oz, while being down 8% year-to-date. Future moves will depend on how the price continues to trend from this point.

🎬 Why India lags in IMAX theaters: Cost is high

India currently has only 34 IMAX theatres nationwide, despite films like The Odyssey performing well in the format. PVR INOX’s Sanjeev Kumar Bijli revealed that each IMAX auditorium costs a massive Rs. 10-11 crores to set up. Currently, PVR INOX has 26 screens, with Mumbai having 9 and Delhi-NCR having 8. Bijli stated that expansion needs more Hindi, Tamil, and Telugu local content to justify the investment. Therefore, more regional filmmaking is needed before significant IMAX roll-outs can happen. 🎬

🚨 Filmmaker arrested in Mumbai rape case

A 73-year-old filmmaker, Shakeel Noorani, has been arrested following allegations of rape. The incident reportedly took place in Mumbai, involving an aspiring actor. The charges stem from allegations made against Noorani. This case has drawn significant attention within the local film industry circles. Authorities are currently investigating the matter further. 🚨

💰 Gold prices dip in Hyderabad today

Gold rates saw a decrease in Hyderabad on August 10th, 2026. Specifically, 10 grams of 22-carat gold is now Rs. 1,39,300 and 24-carat gold is Rs 1,51,970. This follows recent fluctuations where rates hovered around Rs. 1,40,000 and Rs. 1,50,000 for 10 grams. Gold is seen as a reliable investment, tracking international prices and rupee exchange rates. Buyers should monitor live prices as they can change instantly. 📈

💬 Govinda addresses Sunita Ahuja's affair allegations

Govinda finally spoke out regarding the extramarital affair claims made by his wife, Sunita Ahuja. The conversation took place with ANI, where he addressed the allegations made while she was on 'Lock Upp 2'. The couple married in 1987, and they have grown children, Tina and Yashvardhan Ahuja. Govinda admitted she affectionately criticizes him while acknowledging her role in raising their family. He suggested that negativity is often used to gain public visibility, showing more love in her actions.

🧐 India's rare earth magnet push facing China competition fears

India has launched a 72.8 billion rupee initiative to build a rare-earth magnet industry, attracting many bidders from both home and abroad. Companies are now questioning the government's focus on smaller, end-to-end plants instead of large-scale specialization. This incentive program comes with time-limited subsidies to support the emerging sector. Many firms doubt if these smaller setups can compete effectively against established global rivals. The industry's future hinges on whether this model can scale up successfully. 🧐

📊 Info Edge Q1 Results: Key Metrics & Dates

Info Edge (India) Ltd. is set to approve its Q1 FY27 financial results for the quarter ending June 30, 2026. The company operates platforms like Naukri.com and 99acres.com across multiple sectors. Investors will focus on Naukri.com's growth and 99acres' performance during the August 11, 2026 board meeting. Management commentary and the FY27 outlook are crucial factors for stock trajectory. Institutional investor calls are scheduled from August 12 to August 17, 2026. 📈

👏 Modi praises Lovlina for map objection in Glasgow

Prime Minister Narendra Modi praised boxer Lovlina Borgohain for confronting a restaurant over a distorted Indian map in Glasgow. Borgohain, who secured a silver medal in the 75kg category at CWG 2026, spotted the issue during a celebratory dinner. The map showed the Northeast region cut off from India, which she politely pointed out to the management. Modi called her gesture thoughtful, stating the video would be remembered for a long time. Following the viral issue, Mr Singh's India issued an apology and promised to correct the logo. 🇮🇳

📜 Tamil Nadu mandates state song at all govt events

A resolution mandating the singing of Tamil Thaai Vazhthu at government events passed unanimously in the Tamil Nadu Assembly on Monday. Chief Minister C Joseph Vijay moved this resolution, asserting that the mother tongue is as pure as one's mother. The legislation requires the song to be played at educational institutions, government offices, and PSUs across Tamil Nadu. This move comes despite recent advisories from the Union Home Affairs Ministry regarding national songs. The state government had previously recognized Tamil Thaai Vazhthu as the state song on December 12, 2021. 🎶

⚽ Digne returns to PSG after 11 years

DeFodi ImagesTranslated by Lucas Digne has returned to Paris Saint-Germain after an 11-year absence. The 33-year-old left-back joins from Aston Villa, signing a three-year contract after a release clause was triggered. This marks his second spell at PSG, following his initial move in 2013 and subsequent stints at Roma, Barcelona, Everton, and Villa. Digne is PSG's oldest new signing since the arrivals of Lionel Messi and Sergio Ramos in 2021. He is expected to cover Nuno Mendes at left-back while PSG continues its summer recruitment drive. ⚽