OPERATIONS
JeM operative arrested in West Bengal, planned to target CM Suvendu Adhikari and minister
West Bengal Police arrested a Jaish-e-Mohammed operative named Hamim Mondal. He allegedly targeted state minister Suvendu Adhikari and another minister. Links to Pakistan handlers and money trails are currently under investigation. His close aide, Arpita Sarkar, was also apprehended in Jharkhand. The operatives used encrypted communication methods for their planning.
Air Marshal A K Bharti, face of Operation Sindoor briefings, retires from IAF
Air Marshal A K Bharti retired from the Indian Air Force after a distinguished career. He served as Director General Air Operations during Operation Sindoor last year. Air Marshal Bharti paid homage to fallen heroes at the National War Memorial. He was part of tri-service media briefings for Operation Sindoor. The operation involved airstrikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir.
MEA 'in touch' with families of two missing Indians seafarers from MV AG N Ragnar
Two Indian nationals remain missing after their vessel was attacked near Odesa port. Search and rescue operations are underway by Ukrainian and Romanian authorities. The Indian government is in close contact with the families of the missing seafarers. Thirteen Indian nationals are also on board a Tanzania-flagged vessel in the region. India supports freedom of navigation through international waterways.
IndiGo to discontinue wide-body operations effective October 25, end Norse Atlantic lease
IndiGo will end wide-body flights by October 2026, citing geopolitical challenges. Damp lease agreements with Norse Atlantic Airways will conclude by the end of October. Mumbai-Amsterdam services will transition to Airbus A321XLR aircraft after October 25. London Heathrow flights will temporarily cease until new Airbus A350-900 aircraft arrive. The airline will assist affected passengers with alternative travel arrangements and refunds.
New York sues online prediction markets giant Kalshi
New York's attorney general has sued betting platform Kalshi for operating an illegal gambling business. The lawsuit seeks to halt Kalshi's operations and impose significant financial penalties on the company. Prediction markets like Kalshi are facing scrutiny over allegations of corruption and insider trading. New York officials argue these platforms harm residents by ignoring state gambling laws.
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Leela reports operating revenue of Rs 353 cr for Q1, PAT at Rs 48.8 cr
Leela Palaces Hotels & Resorts saw operating revenue rise 28% year-on-year. Net profit increased more than fivefold to Rs 48.8 crore during the quarter. The luxury chain reported a 17% revenue per available room growth. They signed an agreement for a new wildlife resort in Maharashtra. The company continues to expand its portfolio of owned and managed assets.
From operational efficiency to intelligent decision-making: AI's new role for COOs
Chief Operating Officers now leverage artificial intelligence for enhanced operational efficiency. AI solutions analyze vast data, predicting outcomes and recommending proactive actions. This technology provides unified enterprise visibility and real-time disruption response. Intelligent automation enables businesses to scale efficiently and reduce operational costs. The ET Most Innovative AI Product Awards 2026 recognize these impactful AI solutions.
Oil major BP to cut 700 jobs as it streamlines operations: Report
BP plans to cut approximately 700 non-frontline global workforce roles. These reductions will impact about eight percent of production and operations positions. The company does not expect changes to its frontline operators and maintenance teams. BP is simplifying operations to reduce debt and boost profits. This restructuring follows a reorganization into two business segments.
FSSAI suspends licence of Dior Pharmaceuticals for violations at nutraceutical plant
The FSSAI has suspended Dior Pharmaceuticals' license due to serious violations. The nutraceutical factory operated with severely deficient good manufacturing practices. These deficiencies posed a significant risk to public health and safety. The company failed to ensure product safety, quality, and traceability. All operations must cease until compliance is fully established.
China sets up high-altitude drone hub in Tibet to boost border operations
China launched a drone research center near Mount Everest in Tibet. This facility will develop unmanned aerial vehicles for high-altitude operations. The center aims to bolster border patrols and logistics in challenging terrain. It also supports China's technological competition with the United States. The initiative addresses regional needs and fosters new interdisciplinary strengths.
Kissht Q1 operating revenue rises 45% on higher loan disbursements
Operating revenue was up 8% sequentially from Rs 619 crore in the March quarter, while profit increased 16% from Rs 82 crore. Total income, including other income, stood at Rs 677 crore, compared with Rs 466 crore a year earlier.
Naga village guard killed, 2 CoBRA jawans injured in clash during Manipur operation
A Naga village guard died and another was hurt during a clash with CRPF CoBRA forces. Two CoBRA jawans also sustained injuries in the incident which occurred in Bitiang Village. Security forces conducted a raid on an illegal Naga Volunteer Group training camp in Noney district. Heavy firing erupted after armed village volunteers opened fire on the approaching security forces.
Vijayapura airport to become operational in three months: MB Patil
Vijayapura Airport is expected to become operational within three months. The Supreme Court has cleared the environmental clearance hurdle for the project. Remaining statutory approvals and inspections will determine the final commissioning timeline. The state government has invested over Rs 614 crore in developing this airport.
The evolution of mobile banking apps into financial operating systems
Mobile banking apps now serve as primary financial interfaces for millions. Consumers expect a single platform for all their financial needs. Integrated apps offer banking, investing, and wealth management services seamlessly. This shift reflects a growing demand for instant and unified financial experiences. The future of banking centers on these comprehensive digital ecosystems.
Lamborghini profit slips as tariffs, Middle East conflict weigh
Lamborghini's operating profit declined over eight percent in the first half. This reflects sector-wide fragility spurred by tariffs and Middle East conflict. Revenue grew while vehicle deliveries saw a slight decrease compared to last year. Adverse exchange rates and increased U.S. tariffs impacted the company's performance. Despite market volatility, Lamborghini achieved its highest revenue in history.
Pizza Hut India operator Q1 profit jumps nearly 4x on higher sales
Devyani International has achieved a quarterly profit surge, nearly quadrupling thanks to robust sales performance. As the operator of KFC and Pizza Hut in India, the company recorded a consolidated net profit of 146.5 million rupees, highlighting a dramatic improvement in its fiscal health compared to the previous year.
Pentagon ties new casualty category for renewed US-Iran fighting to end of 'Operation Epic Fury'
The Pentagon has created a new casualty category for US troops. This change follows the conclusion of "Operation Epic Fury" against Iran. Four soldiers killed and dozens wounded are now listed separately. The overall wounded total reflects both old and new classifications. This reclassification impacts the official tally of conflict-related injuries.
Flex workspaces emerge as India's biggest office occupier in Q2
Flexible workspace operators led office leasing in India's second quarter. They accounted for twenty-seven percent of gross leasing, surpassing technology firms. Delhi-NCR recorded its highest-ever quarterly flex leasing, dominating regional absorption. Pune also saw record leasing, with flex operators taking a significant share. This trend indicates a structural shift in corporate real estate strategies across India.
Sony halts Kumamoto chip plant operations after Japan earthquake
Sony Semiconductor Solutions' Kumamoto facility operations remain suspended following a powerful earthquake. The company halted production immediately after the tremor struck the region on July 28. Damage assessments to the building and manufacturing lines are currently underway. Other Sony technology centers in Nagasaki, Oita, and Kagoshima reported no significant damage.
American Airlines restores flight operations after nationwide ground stop - Check out the glitch behind brief disruption
American Airlines resumed normal flight operations after resolving an IT issue. This technology disruption had prompted the Federal Aviation Administration to issue a nationwide ground stop. The airline's network connectivity was briefly impacted, causing significant flight delays across the country. American Airlines apologized to passengers for the inconvenience caused by the disruption.
Indus Towers’ Africa foray on track, operations to start in September quarter
Indus Towers is launching its Africa expansion in September after securing necessary approvals. The company sees this as its largest growth opportunity outside of India. Operations will begin with an anchor customer, likely Airtel Africa, ensuring faster startup. Initial capital expenditure in Africa will be moderate and largely debt-funded. This expansion occurs alongside strong growth potential within the Indian market.
Knowledge Realty Trust records 15% growth in Q1 revenue, net operating income
Knowledge Realty Trust experienced a significant boost, as revenue and net operating income climbed by fifteen percent. The portfolio occupancy rate improved to ninety-three percent due to active leasing efforts, and tenants exhibited commendable retention by expanding their spaces. Notably, the REIT secured average leasing spreads of thirty-five percent on new leases, emphasizing a robust appetite for high-quality office environments in India.
'Biggest paper leak racket operating within BJP': Sanjay Raut slams Centre
Shiv Sena MP Sanjay Raut criticized the new anti-paper leak bill introduced by the central government. He alleged that the biggest paper leak racket operates within the Bharatiya Janata Party. Raut stated that merely passing a law will not resolve the issue of examination malpractices. The Congress party also plans to discuss the bill in the Lok Sabha. Opposition participation hinges on assurances regarding student protest actions.
Operational readiness on display at Kargil's Matayen, Army showcases high-altitude combat capability
The Indian Army demonstrated its combat readiness and technological advancements in Drass. Drones and remotely piloted systems were featured in the high-altitude demonstration. Various mobility and surveillance assets were also on display for media representatives. Modern weapon systems and indigenous military technologies were showcased to attendees. This event honored soldiers who sacrificed during the Kargil conflict.
Assam flood toll rises to 68 as state shifts focus to relief, rehabilitation
Assam's flood death toll has reached sixty-eight as waters recede. Relief and rehabilitation operations are now the state government's primary focus. Ministers will coordinate efforts in the worst-affected districts like Sivasagar. Power restoration is underway after precautionary suspensions during the floods. The central government is also actively assisting with relief and rescue efforts.
SBI recruits 1,930 Circle Based Officers to strengthen banking operations
State Bank of India has recruited 1,930 Circle Based Officers nationwide. These new officers will strengthen customer service and banking operations across all branches. They will support customer engagement and deliver personalised banking services to over 53 crore customers. The bank continues to invest in talent development for an agile banking ecosystem. This recruitment reflects SBI's focus on evolving customer needs and digital initiatives.
Vizhinjam seaport gets final Customs clearance for EXIM operations
Vizhinjam International Seaport secured Customs approval for EXIM operations. Final approval allows the port to commence cargo operations from August 18, 2026. Import operations will be restricted to Full Container Load containers for Direct Port Delivery. Export operations will focus on factory-stuffed, self-sealed FCL containers. This marks a significant milestone for Kerala's maritime and logistics hub ambitions.
Israel launches military operation after deadly clash near Palestinian village
Four Palestinians and two Israeli soldiers died near Tal village on Friday. Settler attacks on Palestinian villages have increased sharply this year. Israeli forces prepared for extensive counterterrorism operations in the sector. Palestinian officials reported settlers attacked a village near Qalqilya city. The Israeli military is investigating reports of a hospital raid in Nablus.
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