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LIC (NSE: LICI) Falls as India Plans to Sell Up to 6.5% Stake at ₹382 Per Share, Targeting ₹314 Billion ($3.3B)
LIC shares fell Tuesday, August 4, 2026, after the government launched a major stake sale. India will offload up to 6.5% of Life Insurance Corporation at a floor price of ₹382 per share. The Offer for Sale could raise roughly ₹31,000 crore, or about $3.3 billion. The floor price represents a 10% discount to Monday’s…
Itochu Posts Record Q1 Profit of ¥293.7B, Launches ¥300B Buyback on August 3
Itochu (8001.T) posts record Q1 net profit of ¥293.7B, up 3% YoY, and launches ¥300B share buyback. Core earnings surge 38%. Meyka rates stock A- with Buy recommendation.
Hughes Files Chapter 11 as $1.5B Debt Comes Due; DISH Faces Restructuring
Hughes Satellite Systems files Chapter 11 bankruptcy with $1.5B debt due. EchoStar subsidiary lost 59,000 broadband subscribers in Q2 as Starlink competition intensifies. DISH parent company restructuring continues.
Ralph Carr unmasked as convicted rapist after suppression order lifted on August 3
Ralph Carr, high-profile entertainment and sports manager, named as Melbourne businessman convicted of rape after court lifts suppression order. Dustin Martin and other clients sever ties.
IOC Launches 10kg Indane XtraLite Cylinder With 4-Hour Delivery on July 31
Indian Oil launches Indane XtraLite Now, a 10kg composite LPG cylinder with 4-hour express delivery. New LPG rules effective August 1 require e-KYC and limit PMUY subsidies to Rs 300 per cylinder for first four refills yearly.
Costco Canada Expands Recall to Toaster Ovens, Go-Karts on July 31
Costco Canada recalls Panasonic toaster ovens, Aston Martin go-karts, and Alfa Croissants due to fire, injury, and mould hazards. Full details on affected lot codes and refund options.
Costco Canada Recalls Baked Goods, Chocolate Over Mould and Allergen Risk
Costco Canada recalls Alfa croissants for mould and Cadbury Oreo bars for undeclared pistachio. Affected items sold Feb-July 2026. Full refunds available at warehouses.
Sony Group Corp. Reports 32% Profit Growth Despite Earthquake Disruptions
On July 31, 2026, Sony Group Corp. reported a 32% increase in quarterly profit, even after a powerful earthquake in Japan disrupted some of its operations earlier in the week. Strong results from its PlayStation, music, and imaging businesses helped offset temporary issues at several semiconductor facilities. The better-than-expected earnings also led Sony to raise…
Greater Manchester Votes for New Mayor as 2 Million Choose Burnham’s Successor
Greater Manchester holds its biggest mayoral by-election with 2 million voters choosing Andy Burnham’s successor. Labour’s Bev Craig leads polls by 20 points ahead of Friday’s count.