Pakistan is facing a huge cash crunch as its economy has collapsed further due to the floods. The natural calamity caused a huge increase in the prices of petroleum products in Pakistan. According to the report, the Sensitive Price Index in Pakistan reached a record high of 44.58%. Additionally, the weekly inflation rate in Pakistan rose by 1.83% to a high of 44.58% last week.

Supertech Ltd has incurred a loss of approximately Rs 500 crore, including construction and interest costs, due to the demolition of its twin towers--Apex and Ceyane--in Noida. The nearly 100-metre-tall twin towers were razed to the ground at 2.30 pm on Sunday according to the Supreme Court's directions. The cost of the demolition itself is projected to be around Rs 20 crore.

Uno Minda is targetting more than 25% of revenue from its aftermarket business during the upcoming 4-5 years. The auto components maker is planning to aggressively tap the segment. In the quarter ending June 2022, the company's B2C segment accounted for 9% of its revenue at Rs 223 crore. Its overall consolidated revenue stood at Rs 2,555 crore.

Charles Hoskinson, the founder of Cardano, has given an update on the Vasil hard fork, named after Vasil Dabov, a Cardano evangelist and mathematician who just died. Hoskinson affirmed that the hard fork will take place “sometime in September.” The hard fork is expected to boost ADA adoption due to its improved network efficiency.

The bidding for the maiden issue of ₹562.10 crore Dreamfolks Services was over on 26th August. The IPO secured 56.68 times subscription whereas its retail portion has received bids 43.66 times. Experts suggest, DreamFolks IPO GMP today stand at ₹102, which is quite praiseworthy. The GMP has remained above ₹100 for the previous three days after breaching the three-digit figure on Friday.

Woodland, a leading footwear and performance apparel brand expects to achieve sales worth Rs 1,200 crore in this fiscal. The company expects to bounce back to its pre-Covid numbers as customers are returning to stores, Aero Club, which owns brands Woods and Woodland, had to shut down around 50 stores during the Covid pandemic. The company started opening new stores now.

HDFC Bank has revised the interest rates on fixed deposits of more than ₹2 crore to ₹5 crore effective from August 25, 2022 onwards. Following the modification in rates, the private sector lender is now offering a fresh interest rate on fixed deposits maturing in 7 days to 10 years of 3.50% to 5.90% for the general public and 4.00% to 6.65% for senior citizens.

The SOL/USD daily chart shows the crypto-economic market averages lower range to be around the $25 value line. Continual, consistent ups and downs across the wide-trading space in the SOL/USD market have been observed as the crypto economy averages a lower range. There has been no tangible signal indicating a return of good buying moment.

Foreign investors turned out aggressive shoppers of Indian equities and pumped in Rs 49,250 crore so far in August after emerging as net buyers last month. This was noticed after improvement in corporate earnings and macro fundamentals. The investment was significantly higher than a net investment of nearly Rs 5,000 crore by FPIs in the entire July, according to exchange data.

💥Noida's Supertech twin towers were demolished at 2.30 pm today, a year after the Supreme Court's ordered to raze the illegally constructed buildings to the ground. 🔔A total of 915 residential flats and 21 shops were demolished when 3,700 kg of explosive material was imploded. The 100-metre-tall structures were reduced to rubble implementing the waterfall implosion technique.

ONGC Videsh Ltd, India's flagship overseas firm, has bagged the seventh extension to explore oil and gas in a Vietnamese block in the contested waters of the South China Sea. OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has bagged the aforementioned extension of the exploration phase up to June 15, 2023.

Real estate developer Supertech, ahead of the its twin tower demolition scheduled at 2:30 pm today, affirmed in a statement that it has successfully executed the delivery of more than 70,000 units to homebuyers. Supertech said that it will complete the construction and delivery of the remaining ones to allottees as per the scheduled time and the SC order would not affect its ongoing projects.

Pankaj Mathpal, MD & CEO at Optima Money Managers, on the question of how much retirement fund one would require after retirement to meet one's post-retirement wishes, said that to apply 4% withdrawal rule to meet retirement wishes, one would need around ₹6.75 cr after retirement. People should keep this money in Systematic Withdrawal Plans by investing in conservative & balanced hybrid funds.

Crypto exchanges have logged a significant dip in trading volumes as the current crypto market downturn pulled the prices of Bitcoin (BTC), Ethereum (ETH), and other digital currencies down to just a fraction of their previous all-time highs set last year. This downturn, however, did not deter retailers 75% of stores plan to accept crypto payments in two years.

Tata Steel UK wants the British government to shell out a whopping £1.5 billion for the transition to green energy. The company has affirmed that in case the government doesn't meet its demands, it might make an exit. Tata Steel UK intends to use the aforementioned sum of money to replace the carbon-intensive blast furnaces with electric arc furnaces over the next few years.