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Dhoot Transmission (NSE: DHOT) Shares Jump 38% on India Debut, Valuation Hits $2.5 Billion
Dhoot Transmission shares made a strong stock market debut on August 17, 2026, rising nearly 38% above the IPO issue price. The auto components maker listed at ₹1,200 on the NSE, compared with its ₹871 issue price. The ₹3,067-crore IPO also drew heavy demand, with subscriptions reaching 74.21 times. The sharp debut lifted the company’s…
Alibaba (NYSE: BABA) to Sell Lingxi Games to Trustar Capital in Deal Worth Over $2 Billion
Alibaba Group Holding Limited agreed on August 17, 2026, to sell its gaming arm, Lingxi Games, to Trustar Capital. The deal values the gaming unit at above $2 billion. Alibaba shares rose 1.25% to trade near $84.50 following the announcement. This transaction aligns with the tech giant’s strategy to shed non-core assets and focus on…
Boeing 787 Tailstrike at Munich Raises Safety Questions for Dreamliner Fleet
Vietnam Airlines Boeing 787-9 suffered a tailstrike and runway overrun at Munich Airport on August 15. The aircraft dumped fuel and returned safely with 287 aboard. Investigation underway.
Vedanta Ltd Rises 0.71%: Promoter Pledges, Open-Market Buys and Asset Strategy in Focus
Vedanta Ltd shares rose 0.71% on August 17, 2026, as investors tracked fresh developments around promoter funding and the group’s asset strategy. Promoters are reportedly looking to raise ₹2,000-3,000 crore to increase stakes in select recently listed businesses through open-market purchases. The plan has also put Vedanta’s share pledges and financing arrangements under closer watch….
Hurricane Lala Skirts Hawaii’s Big Island, Leaves 165,000 Without Power on August 16
Tropical Storm Lala skirts Hawaii’s Big Island without direct landfall but dumps up to 1 meter of rain, damages 100+ homes, and leaves 165,000 without power. Schools closed statewide Monday.
SpaceX Stock Falls Below IPO Price as Valuation Concerns Mount
SpaceX stock trades below IPO price with a 41x price-to-sales ratio. Revenue hit $7.8B, up 92%, but capital spending soared to $18.7B. Meyka grades SPCX a B with a $38.82 yearly forecast.
Stock Dividends: RVNL, Bandhan Bank, Mazagon Dock, Manappuram Finance in Focus This Week
Indian dividend stocks have several corporate actions lined up from August 17 to August 21, 2026. Bandhan Bank, Manappuram Finance, RVNL, and Mazagon Dock Shipbuilders are among the names investors are watching. Bandhan Bank and Manappuram Finance are scheduled to turn ex-dividend on August 17, followed by RVNL on August 18 and Mazagon Dock on…
Reliance Industries, Rolls-Royce to Jointly Develop Sovereign Combat Engine for AMCA
Reliance Industries and Rolls-Royce announced strategic intent on August 14, 2026, to jointly develop India’s indigenous combat engine. The partnership targets the Advanced Medium Combat Aircraft (AMCA) programme, India’s fifth-generation stealth fighter project. Both companies will explore forming a dedicated Aerospace Gas Turbine Complex in India. Reliance Industries shares traded 0.1% lower at ₹1,306.65 on…
Democrats Push Supreme Court Overhaul Plans as August 17 Midterm Push Intensifies
Democrats propose adding Supreme Court justices, imposing 18-year term limits, and ethics reforms. House Minority Leader Hakeem Jeffries calls court overhaul a top priority if Democrats win back Congress.