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Chinese automakers are pushing to cut new-model development timelines to just 18 months, down from around two years as competition intensifies and AI accelerates development. But the faster development pace is drawing regulators attention, raising questions whether this could outpace safety checks and quality control—particularly as Chinese brands overseas.

Shares of Tribhovandas Bhimji Zaveri (TBZ) hit the 20% upper circuit at Rs 366.50 on the BSE on Tuesday, extending a rally that has seen the stock gain around 30% over five sessions. The move came after GRT Jewellers agreed to acquire a 74.12% stake in the jewellery retailer for up to Rs 1,034 crore, according to Reuters. The transaction, which involves the promoter holding, remains subject to regulatory approvals and closing conditions. GRT will subsequently make an open offer for an additional 26% stake, in line with SEBI regulations. TBZ, which has a 162-year history, operates 37 stores across the country. (Note: Stock prices are as of the time of reporting and subject to change. This is not investment advice.)

Unacademy co-founder and CEO Gaurav Munjal has said the company has closed its acquisition by upGrad for just over $200 million, reflecting candidly on the journey. "We raised at a peak, but sold at a fraction of that. I'm not going to dress these facts up," Munjal wrote, adding that he was proud of what the team built between Unacademy becoming a unicorn six years ago and the sale. He said the platform created a generation of celebrity educators and that its language-learning app, Airlearn, became one of the top three most downloaded globally. Munjal said Unacademy had a topline of around Rs 400 crore and Rs 900 crore in the bank, and could have continued independently, but chose a path he called better for the ecosystem.

India has just recorded its warmest August since 1901, with weak monsoon rains and strengthening El Niño conditions pushing temperatures higher across the country. August rainfall was 16% below normal, widening the seasonal monsoon deficit to nearly 14%, while more than 47% of districts reported deficient rainfall. And relief may not be on the way. The IMD expects September rainfall to remain below 91% of the long-term average, raising concerns over crop yields, water availability, and another unusually warm month ahead.

An IndiGo Goa-Delhi flight made a u-turn and made an emergency landing at the Goa airport after mid-air engine failure. IndiGo flight 6E 2102 took off from Goa for Delhi on Tuesday morning at 9:15 -- five minutes after scheduled time of departure -- but soon returned to the Manohar International Airport after one of the plane's engines was reported to be malfunctioning. The plane subsequently made an emergency landing. According to the sources, a full emergency was declared for a brief period.

Prime Minister Narendra Modi on Tuesday reiterated his call for Indians to avoid buying gold unless necessary and cut foreign travel, urging citizens to support domestic production and self-reliance to help sustain India's economic growth. In a video post on X, Modi also urged citizens to support "Swadeshi" and "Vocal for Local", implement "Make in India" and choose India for weddings rather than travelling abroad for them.

UPI recorded its highest-ever monthly transaction volume in August 2026, processing 24.51 billion transactions. While transaction value eased marginally to Rs 29.82 lakh crore, digital payments adoption continued to strengthen across the country.

Leaders Pose For Group Photo As They Gather For SCO Summit In Bishkek Leaders gather in Bishkek for the Shanghai Cooperation Organisation (SCO) summit, coming together for a group photo ahead of discussions on regional cooperation, security, and international affairs.

Watch: PM Modi's Brief Chat With Putin & Xi Jinping At The SCO Summit Prime Minister Narendra Modi shares a brief interaction with Russian President Vladimir Putin and Chinese President Xi Jinping during the SCO Summit, as leaders gather for talks on regional cooperation, security and international relations.

An apology to our viewers. Yesterday, Aug. 31, we wrongly reported that SEBI is weighing a proposal to scrap the weekly F&O expiry. That wasn't accurate, and we corrected it with a corrigendum as soon as we realised the error. We own our mistakes, and we'll keep working to be worthy of the trust you place in us. https://lnkd.in/gVzAr9wn