Thursday, August 27
Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from battery-powered models in response to the Trump administration's policies and weakening EV demand. The Dearborn, Michigan-based company said it will replace the fully electric F-150 Lightning with a new extended-range electric model that uses a gas-powered engine to recharge the battery. The company is also scrapping a next-generation electric truck, codenamed the T3, as well as planned electric commercial vans. "When the market really changed over the last couple of months, that was really the impetus for us to make the call," Ford CEO Jim Farley told Reuters in an interview. Ford said it will pivot hard into
IPL Auction Players Bought News: As the IPL Auction 2026 got underway in Abu Dhabi today, the spotlight was firmly on the auction floor, where bidding wars, surprise picks, record buys and tactical calls dominated proceedings.The IPL auction 2026 started on a quiet note as big names such as Jake Fraser McGurk, Prithvi, Shaw, Devon Conway and Liam Livingstone went unsold. However, record was soon created as Kolkata Knight Riders bought Cameron Green for Rs 25.20 crore, making him the most expensive overseas player in IPL.Also Read: IPL Auction 2026: Cameron Green creates record, KKR buy all-rounder for Rs 25.20 croreUncapped 20-year-old left-arm spin-bowling allrounder Prashant Veer also turned heads as he was sold for Rs 14.20 crore to CSK to become highest ever uncapped player. However,
ICICI Prudential AMC's IPO has delivered one of the strongest demand signals seen in India's primary markets. The Rs 10,600 crore IPO drew bids worth close to Rs 3 lakh crore from 55 lakh applications, making it the fourth-largest subscription amount in the history of Indian IPOs.For comparison, Tata Capital’s IPO had received about 23.6 lakh applications, HDB Financial Services around 43 lakh, while LG’s India issue had drawn nearly 65 lakh applications.Overall, the ICICI Prudential AMC IPO was subscribed 39.17 times, with demand overwhelmingly led by institutional investors. The qualified institutional buyers (QIB) portion, excluding anchors, was subscribed an extraordinary 123.87 times, translating into bids of about Rs 2.49 lakh crore.Within this, long-only global funds, sovereign
Ace investors Vijay Kedia bought nearly 9 lakh shares in SME stock Mahamaya Lifesciences via a block deal on Tuesday. The shares were purchased at a price of Rs 140 apiece, taking the transaction value to Rs 12.48 crore.Kedia purchased the shares via his investment company Kedia Securities Private Ltd at a 2.8% discount from the Monday closing price of Rs 144.05 per share.Listed on November 18, 2025, Mahamaya Lifesciences shares hit their all-time high of Rs 161.70 on the BSE, today.The stock also witnessed another block deal where, Almondz Global Securities Limited sold 1.51 lakh shares at a price of Rs 143.64 per share.Mahamaya Lifesciences is a manufacturer and exporter of pesticide formulations and crop protection products which is listed on the BSE SME platform.The stock had a lacklus
