Financial Summary: Saturday, August 22, 2026

TikTok, ByteDance pay $400 million to settle US child privacy suit

TikTok and ByteDance agreed to pay $400 million to settle a U.S. Department of Justice lawsuit alleging child privacy law violations, pending court approval.

Iran unveils offensive war doctrine as US sanctions loom

Iran has unveiled an offensive war doctrine amid escalating tensions over looming U.S. sanctions, maintaining harsh rhetoric against plans to impose new economic restrictions.

Futures Steady as Nvidia Earnings, Warsh Speech Loom

U.S.

Crude oil's 6.39% weekly gain keeps fuel prices steady

Crude oil's 6.39% weekly gain, driven by US-Iran tensions, has kept fuel prices steady across major Indian cities as investors remain cautious amid geopolitical risks.

Dividend Tourists Triple S&P 500 Yield by Going Overseas

Yield-seeking investors are shifting focus to overseas markets, where they can achieve approximately triple the dividend yield of the S&P 500.

GACM Technologies raises ₹49.5 crore via QIP

GACM Technologies has completed a qualified institutional placement, raising ₹49.5 crore. The issue saw participation from overseas institutional investors, including those based in Mauritius.

Gemini Edibles & Fats files DRHP for IPO with Sebi

Gemini Edibles & Fats, owner of Freedom Oils, has filed its DRHP with Sebi for an IPO to raise funds through a fresh issue and offer-for-sale of up to 4.11 crore equity shares. Revenue from operations increased by Rs 1900 crore in FY26 compared to FY25, making it one of the largest regional branded edible oil players with a market share of 18%. The IPO will test the sector amid competitive pressures and input cost volatility.

Zee Entertainment allots 20.94 crore warrants to promoter group

Zee Entertainment has allotted 20.94 crore convertible warrants to Sunbright Mauritius at ₹126 per share, strengthening the promoter group's stake and providing fresh capital.

RBI forex swap draws $73B; FCNR-B deposits hit $65B

The Reserve Bank of India's forex swap facility has attracted $72.85 billion, with FCNR-B deposits reaching $65.397 billion from June 8 to August 21, 2026, as NRIs seek higher returns amid global rate dynamics.

Bar Council co-chairman gives Manan Mishra 15-day ultimatum to resign

BCI co-chairman YR Sadasiva Reddy has given chairman Manan Kumar Mishra an ultimatum to resign over alleged financial and administrative irregularities within 15 days, while Mishra has refused to step down.

Insurers clarify AYUSH claim rules as costs rise 15%

Health insurers are offering clearer guidance on Ayurveda, Yoga, Unani, Siddha, and Homeopathy (AYUSH) claim coverage, amid rising illness costs.