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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….
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…
Indian Defence Stock Rally: HAL, Solar Industries Rise After PM Modi’s Defence Push
Indian defence stocks drew strong attention on Monday, August 17, 2026, after Prime Minister Narendra Modi’s Independence Day defence push. HAL and Solar Industries were among the stocks in focus as investors weighed the government’s renewed drive to expand domestic military production. In his August 15 address, Modi called for India to become a global…
Cochin Shipyard Q1: Revenue Rises 2.4% to ₹1,094 Crore, PAT Falls 19.4%
Cochin Shipyard reported mixed Q1 FY27 results on August 14, 2026. Consolidated revenue from operations rose 2.40% year-on-year to ₹1,094.21 crore, up from ₹1,068.59 crore. Net profit, however, declined 19.36% to ₹151.45 crore against ₹187.82 crore a year earlier. A sharp fall in ship repair income drove the profit decline despite steady topline growth. Cochin…
Vietnam Airlines Boeing 787 Suffers Tailstrike at Munich After Late Takeoff
Vietnam Airlines Flight VN34 suffered a tailstrike and runway overrun at Munich on August 15, 2026. The aircraft sustained fuselage damage and tire failure but landed safely. Investigation ongoing.