Daily brief of Bharat-centric happenings and beyond!
Published at 8PM IST on 2026-08-03.
Good morning, I am Joy. Ukraine has bombed the Russian resort town of Gelendzhik, killing six people, including three children, and injuring about 40 others. Russia has called the strike a deliberate attack on the civilian population with no connection to military infrastructure. Medical teams have been dispatched to the scene.
In business, Amazon has surpassed a 3 trillion dollar market capitalization for the first time. Shares rose over 5 percent to a record high of 286 dollars in early trading, following a 15 percent surge on Friday after the company reported its strongest cloud growth in more than four years.
India has also proposed tax law changes to exempt offshore investment funds from tax liabilities when they appoint India-based fund managers. The draft bill seeks to remove existing safe harbour conditions, including the minimum 1-billion rupee corpus, at least 20 investors, and individual holding limits, to improve regulatory certainty for foreign investors.
In national news, a startup founder’s shipment of Nvidia Jetsons, which had been held at Customs for two weeks, was cleared following a post regarding the difficulties of building in India.
Jan Suraaj Party founder Prashant Kishor, who won the Bankipur Assembly bypoll, holds assets worth 96.06 crore rupees. His wife, Dr. Jahanvi Das, holds assets worth 101.93 crore rupees. His wealth is largely driven by a 95.26-crore rupee stake in Vedhas Ventures Private Limited and over 7.36 crore in investments.
Bengaluru recorded its second-driest July in 108 years, with just 23 mm of rainfall. This is the lowest July total since 1918. However, surplus pre-monsoon showers have kept the city's overall annual rainfall within the normal range.
Finally, the Maharashtra government has suspended the license of Mumbai's Tewari Bros Mithaiwala. This follows an FDA inspection after a customer found a rusted stapler pin in a piece of kaju katli intended for their three-year-old daughter.
That concludes our news bulletin. Thank you for joining us. I am Joy