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The latest stake sale in InterGlobe Aviation is part of a phased dilution plan first outlined in 2022, when Rakesh Gangwal signaled his intention to step away from the airline business. Since then, the family has steadily pared holdings through a series of transactions. Between 2023 and May 2025, the Gangwals executed five major stake sales, offloading more than 9% in 2025 alone and raising over Rs 12,900 crore.

Investors eyeing dividend income faced a deadline. Many stocks, such as NBCC India and Zee Entertainment, traded ex-dividend. NBCC announced a final dividend. Zee Entertainment also declared a significant dividend. Other companies across various sectors also rewarded shareholders. These included Alfred Herbert India, Asian Hotels East, and Engineers India. Missing the cut-off means ineligibility for payouts.

Zee Entertainment Enterprises faces a leadership transition as Ashish Sehgal, Chief Growth Officer for Ad Sales, Broadcast & Digital, resigns after two decades. His departure occurs as Zee focuses on revenue growth in a competitive market. The company has elevated Laxmi Shetty to Head of Advertisement Revenue following Sehgal s exit.

Wall Street indexes saw a flat opening on Wednesday. Investors are keenly waiting for the results from Nvidia. These results are expected to gauge the strength of the technology rally. The Dow Jones Industrial Average remained almost unchanged. The S&P 500 and Nasdaq Composite experienced slight declines at the start of trading. Market participants are observing Nvidia s performance closely.

MongoDB s shares experienced a significant surge of 31% following the company s announcement of increased usage of its Atlas cloud service, driven by customers building AI applications. The database software firm raised its annual adjusted profit and revenue forecasts, exceeding Wall Street estimates.

Treasury Secretary Scott Bessent stated that a U.S. stake in Nvidia is unlikely as the company doesn t require financial support. While ruling out investment in Nvidia, Bessent suggested the administration might consider taking stakes in other industries like shipbuilding. This follows the Trump administration s recent actions, including acquiring a stake in Intel and intervening in the U.S. Steel acquisition.

Expenditures climbed 5.5% from June to Rs 1.93 lakh crore, which was a third higher than in July last year, the Reserve Bank of India (RBI) data showed. Net new card additions in July hit a five-month high at 425,000, taking the total tally to 111.6 million. The industry had reported a marginal contraction of 235 cards in June.

The General Insurance Council (GIC) has criticized the Association of Healthcare Providers India (AHPI) for discontinuing cashless hospitalization for Bajaj Allianz General Insurance and Care Health Insurance customers, deeming it disruptive and harmful. AHPI s decision, driven by disputes over reimbursement rates amid rising medical costs, will require patients to pay upfront and seek reimbursement later.

The decision to merge the two holding companies into one is not related to Jana s universal banking aspirations while this would only help improving efficiency through a leaner structure, managing director and chief executive officer Ajay Kanwal said.

The interlocutory application, filed through a Welspun subsidiary, also highlighted links between Valor s promoters and another defaulting debt-laden jeweller, links the plea claimed automatically disqualify the bidder to participate in any resolution process.