2026 Hindubusinessline

• The Indian government has summoned Meta following the temporary restriction of a Facebook post made by Prime Minister Narendra Modi. • In industrial developments, Maruti Suzuki is expanding its manufacturing capacity in Gujarat, while Sarvam AI has announced plans to develop a trillion-parameter AI model. • The government is further promoting the adoption and benefits of ethanol blending to reduce fuel imports and emissions.

• The HinduBusinessLine has issued a stock recommendation for IndusInd Bank for August 24, 2026. • Analysts highlight that the bank is currently exhibiting a bullish long-term trend, suggesting a strong foundation for growth. • The recommendation is based on technical indicators pointing toward a potential upcoming rally in the stock's price.

• AI-linked stocks are facing significant pressure as investors grow concerned over massive capital spending, rising debt, and uncertain returns from AI investments. • South Korea’s KOSPI index reflected this volatility, experiencing a sharp 22 per cent decline throughout July. • This downturn highlights a growing global skepticism regarding the immediate profitability of the technology companies driving the AI boom.

• U.S. Secretary of State Marco Rubio and Indian Prime Minister Narendra Modi held discussions focused on strengthening bilateral trade and energy security. • The leaders addressed the ongoing crisis in West Asia, coordinating efforts to maintain regional stability and security. • This meeting underscores the strategic partnership between the U.S. and India in navigating complex geopolitical tensions and economic dependencies.