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News and analysis from the world of business and finance.

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Russia is facing a petrol shortage after Ukrainian strikes damaged parts of its oil-refining infrastructure, creating an unexpected new role for India in the fuel trade. Shipments from India have emerged as Russia looks for additional petrol supplies amid high demand and refinery disruptions.

Watch!
https://www.youtube.com/watch?v=PP0JtVwdaR4
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Market Closing 📉: Sensex closes at 330 points higher at 77,264.51, while Nifty higher 84 points to 24,175.65.

Track market related updates here: https://livemint.com/market
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Rather than opting for conventional presents this Raksha Bandhan, families can consider gifts that offer lasting financial value and reflect the festival’s message of protection and care.

https://www.livemint.com/money/raksha-bandhan-2026-from-gold-to-stocks-financial-gifts-to-give-your-sibling-11787897862698.html
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Subhash Chandra has disputed a claim of around ₹3,900 crore filed against him in the National Company Law Tribunal (NCLT), saying that the bulk of the debt raised by his group had already been repaid.

Read more: https://www.livemint.com/companies/people/subhash-chandra-breaks-silence-on-nclt-order-disputes-rs-3-900-crore-claim-says-most-group-debt-repaid-11787915682677.html
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Karnataka Planning and Statistics Minister B Nagendra stepped down from the state Cabinet, just 25 days after returning to the ministry, amid allegations related to the Valmiki Corporation scam.

Read more: https://www.livemint.com/news/india/b-nagendra-resigns-from-karnataka-cabinet-25-days-after-reinduction-11787926079410.html
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FDA cancels Cipla unit's drug licence: During an inspection in June, FDA officials found that the packaging of Reactin Plus Tablets, a Schedule H prescription medicine, carried an unauthorised claim describing it as an analgesic and antipyretic.

Read more: https://www.livemint.com/news/india/tukaram-mundhe-led-maharashtra-fda-cancels-cipla-units-drug-licence-over-reactin-plus-irregularities-11787921799707.html
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India's bullet train project, linking Ahmedabad and Mumbai, is set to launch soon after nearly ten years since its announcement.

Learn more about features, cost, design and other details of made-in-India first high-speed rail project 🚄
https://www.livemint.com/industry/infrastructure/indias-bullet-train-turns-indigenous-features-cost-other-details-about-made-in-india-first-high-speed-rail-project-11787964267622.html
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A rise in water levels in Nepal's Narayani would be reflected downstream in India's Gandak.

Therefore, eastern UP and northern Bihar face an escalated flood risk. Other major rivers flowing from Nepal into Uttar Pradesh include the Ghaghara (Karnali), Sharda (Kali), and Rapti.

https://youtube.com/watch?v=V1mI7b1X6Ig
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#MintPremium | The founders of NOTO ice cream on indulgence without guilt, separating work from their personal life, and why moderation is key.

From a pizza business to a ₹35 crore low-sugar ice cream brand, here’s how the couple built NOTO 🍨
https://www.livemint.com/mint-lounge/business-of-life/noto-ice-cream-business-interview-varun-sheth-ashni-shah-11787968041114.html
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Under the proposed system, a red-coloured hexagonal warning would appear on the front of food packages when a product contains high levels of at least two of the specified nutrients. 🥫

Details here 👇
https://www.livemint.com/news/india/fssais-red-coloured-hexagon-plan-which-packaged-foods-could-soon-carry-the-warning-11788000208774.html
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PM Modi in Tashkent: Prime Minister Narendra Modi arrived in Tashkent on a state visit to Uzbekistan on 29 August where he was was warmly received by President Shavkat Mirziyoyev at the airport.

PM Modi is in Tashkent, Uzbekistan on 29–30 August. This is Prime Minister’s fourth visit to Uzbekistan. Therafter, the prime minister will travel to Bishkek, Kyrgyzstan to participate in the 26th Shanghai Cooperation Organisation (SCO) Summit on 31 August – 1 September 2026, as per the official itinerary.

Read more: https://www.livemint.com/economy/pm-modi-in-uzbekistan-india-eyes-3-billion-trade-as-new-delhi-s-economic-ties-with-tashkent-deepen-minerals-defence-11788006888065.html
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Sugar & Egg Prices Surge; Rice Diverted To Distilleries | Who Is Paying For India's E20 Programme?

While molasses and rotten rice were earlier used to make ethanol, the feedstock has now changed to include millets (corn) and even rice. Egss & sugar are getting expensive, subsidised rice with taxpayers' money, is being provided to distilleries. Who is ultimately paying for Ethanol blending?

#WATCH | https://www.youtube.com/watch?v=T30bU9hXWQY
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Read today's Mint e-paper here: https://epaper.livemint.com

➡️ CEO exit adds pace to HDFC succession
➡️Tata Trusts seeks nod to snap Tata Sons chair selection jam
➡️Centre faces fertilizer subsidy heat even as urea prices ease
➡️India’s airport boom hits a patch of turbulence
➡️ Free AI makes India’s consumer protection hazy
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#WATCH | Rescuers in Nepal on Sunday (August 30) raced to reach workers stuck in tunnels after devastating flooding trapped them inside.

Nepal's military airlifted heavy machinery to the remote site on Sunday and rescuers reached the entrance of one tunnel, beginning to clear debris blocking access. Authorities said teams carrying oxygen supplies and cameras would enter once access was secured.
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