Hindenburg Research alleges SEBI chair Buch had a stake in obscure offshore entities used in the Adani scandal

Hindenburg Research, on August 10, said that whistleblower documents have alleged SEBI’s Chairperson Madhabi Buch and her husband had a stake in the obscure offshore entities used in the Adani money siphoning scandal. Read more here

Take a look at these key events

Today
NEET-PG exam at 500 ‘trusted’ centres in two shifts
Foreign Secretary Vikram Misri to visit Nepal
Paris Olympics closing ceremony
Sreejesh to join Manu Bhaker as India’s flag-bearer in Olympics closing ceremony
Tomorrow
Q1 results: Dhanlaxmi Bank, Alembic, RCF, RCC Cements, SJVN, Senco, Sunteck
International Youth Day
World Elephant Day
Saraswati Saree Depot IPO to open
Positron Energy SME IPO to open
Delhi HC hearing on former IAS Puja Khedkar's anticipatory bail
Elon Musk to interview Trump
Tata Curve EV bookings to open
2024 Royal Enfield Classic 350 launch

Broader indices fall but these 30 smallcaps give double digit gains

The broader indices broke a two-week outperformance and ended lower, in line with main indices, in the highly volatile week led by mixed quarterly earnings, inline RBI policy outcome, fear of US recession, and geopolitical escalations. The BSE Small-cap index fell nearly 2 percent with Fusion Micro Finance, Sanghvi Movers, Nucleus Software Exports, Lemon Tree Hotels, Automotive Stampings, Mahanagar Telephone Nigam, Syrma SGS Technology falling between 15-30 percent. On the other hand, Century Enka, Authum Investment & Infrastructure, Symphony, Garware Hi-Tech Films, KFin Technologies, Edelweiss Financial Services, BASF India, Venkys, and Oswal Greentech gained between 20-35 percent. Read here

Indian startups need to have a better governance model, says G20 Sherpa Amitabh Kant

Startups need to have a better governance model, particularly a better financial governance model, said India's G20 Sherpa Amitabh Kant at the Moneycontrol Startup Conclave on August 9 in Bengaluru. Kant's remarks follow a series of governance lapses, fund mismanagement, exaggerated revenues, and even instances of fraud over the past couple of years in India's startup ecosystem after the funding euphoria in 2021. Read more here

Retirement planning: The magical 30x rule and how it helps you build a comfortable life

Retirement is a phase many dreams of enjoying peacefully and independently. To achieve this, careful planning and disciplined financial habits are essential. One effective strategy is the 30X Investment Rule. Read on

Sam Altman teases ‘Project Strawberry,’ hinting at ChatGPT 5

OpenAI CEO Sam Altman’s recent cryptic tweet about “summer in the garden” has sparked speculation about ‘Project Strawberry,’ the successor to GPT-4o. Previously known as Project Q*, this AI model is rumored to have advanced reasoning capabilities. Users are buzzing with theories about the next-generation GPT-5. Read more here

Canada man sues Instagram, YouTube, TikTok for being addictive, ruining productivity

A Canadian resident has initiated a class action lawsuit against leading social media platforms, including TikTok, YouTube, Reddit, Instagram, and Facebook, alleging that their design fosters addiction and adversely affects users' well-being. The legal action as reported highlighted concerns over the impact of social media on mental health and productivity. Read here