Crore

• The film DC, starring Lokesh Kanagaraj and Wamiqa Gabbi and directed by Arun Matheswaran, has completed its theatrical run. • The movie earned a total of 106 crore rupees in worldwide box office collections. • This financial performance marks the project as a big commercial success in the global film market.

• The highly anticipated film 'Toxic: A Fairy Tale for Grown-Ups,' starring Yash, Kiara Advani, and Nayanthara, is scheduled for a worldwide theatrical release on August 26. • The movie marks the return of Kannada superstar Yash to the big screen after a four-year hiatus. • Early reports indicate a massive scale for the release, with the film running across 7,801 shows and generating Rs 104.54 crore in net collections during its initial phase.

• Foreign Portfolio Investors (FPIs) have accelerated their investment in Indian equities, infusing Rs 23,544 crore so far in August. • This surge follows a July investment of Rs 20,200 crore, reversing a four-month streak of heavy selling that peaked with a Rs 1.17 lakh crore withdrawal in March. • The shift in sentiment is driven by improving quarterly earnings, a stable rupee, and overall better market prospects for Indian assets.

• The combined market capitalization of four of India's top-10 most valued firms increased by Rs 1.43 lakh crore last week. • State Bank of India (SBI) emerged as the biggest winner among the gaining companies during this period. • Market growth occurred despite volatility caused by the RBI's monetary policy decision, geopolitical uncertainties, and the new Closing Auction Session (CAS) framework for F&O stocks.

• CRISIL has upgraded Yes Bank's bond rating to AA+, signaling an improvement in the lender's credit profile and financial stability. • HFCL announced a significant growth initiative, clearing a ₹400-crore expansion plan to scale its operational capacity. • Bharti Airtel reported strong June quarter results, featuring a 3.8% sequential increase in revenue from its India mobile business.

• India approved only one Chinese foreign direct investment (FDI) proposal worth Rs 1 crore and 13 applications from Hong Kong totaling Rs 610.42 crore during the last financial year. • These approvals are subject to strict government scrutiny under Press Note 3 of the DPIIT, which requires prior clearance for investments from countries sharing a land border with India. • The restrictive policy was implemented in April 2020 to prevent opportunistic takeovers and acquisitions of Indian companies during the COVID-19 pandemic.

• The Indian government provided several parliamentary updates, including the disbursement of ₹5.26 crore by the Employees' State Insurance Corporation (ESIC) under the Atal Beemit Yojana (ABVKY). • To address labor issues, the government launched a three-month drive aimed at resolving 16,033 pending labor disputes. • Other key developments include the approval of polymer note trials and the disposal of 79 FEMA applications since FY22.

• The Indian government launched an AI mission with ₹10,000 crore in funding and 38,000 GPUs, selecting 12 companies to develop indigenous AI tools for public welfare sectors like farming, education, and healthcare. • Despite these goals, the initiative has struggled with adoption, as participating firms are primarily selling their products to general commercial markets rather than the intended government sectors. • A key example of the mission's output is Tech Mahindra's Project Indus, an open-source large language model (LLM) specifically designed to support Hindi and its various regional dialects.

• The Indian stock market experienced a significant crash on Wednesday, with both the BSE Sensex and Nifty50 benchmark indices tumbling by over 2%. • Investors lost approximately Rs 8 lakh crore in market value during the sell-off, described as a "bloodbath" on Dalal Street. • The sharp decline was primarily triggered by escalating tensions between the US and Iran, which caused global crude oil prices to soar.

• Phantom Studios has filed a lawsuit against JioStar regarding the production of "Queen 2," starring Kangana Ranaut. • The studio is seeking ₹250 crore in damages, alleging legal or contractual disputes over the sequel. • This legal battle highlights significant financial stakes and intellectual property conflicts within the high-value Indian entertainment industry.