India's beauty, personal care market to reach $42B by FY31

A number of Tamil Nadu-based companies are preparing to launch their initial public offerings (IPOs). The trend is being led by Erode-based dairy brand Milky Mist and Chennai's Lalithaa Jewellery, which have already gone public this year. Other firms such as Garuda Aerospace and Sathya Agencies are also expected to join the list soon.

SK Hynix's CEO, Kwak Noh-jung, has said that the company is open to more semiconductor investments in the US. The statement comes as he predicts a global memory chip shortage until 2030. "We are always open (for more investment), but nothing has been decided," Kwak told reporters after the groundbreaking ceremony for an advanced packaging plant in West Lafayette, Indiana.

India's Beauty and Personal Care (BPC) market is set to witness a massive growth from $23 billion in FY26 to $42 billion by FY31. This will make India the fourth-largest BPC market in the world by 2030, according to a report by Aditya Birla Capital. The domestic BPC sector is expected to grow at a compound annual growth rate (CAGR) of around 12%.

The Indian government has officially notified the Legal Metrology (Indian Standard Time) Rules, 2026. The new regulations make Indian Standard Time (IST) the sole reference for legal, administrative, commercial and other official purposes across the country. The move is aimed at standardizing digital systems and reducing dependence on foreign sources of time.

Bira 91, a popular Indian beer brand, is facing an insolvency threat as Hindusthan National Glass and Industries Ltd (HNGIL) has issued a default notice to its parent company B9 Beverages Ltd. The glass manufacturer is seeking recovery of over ₹11 crore for unpaid dues. This comes after the company's founder, Ankur Jain, resigned amid ongoing financial difficulties.

HDFC Bank, India's largest private lender, is considering Deputy Managing Director Kaizad Bharucha as a potential successor to current CEO Sashidhar Jagdishan. The bank is also looking for an external candidate for the top position. The move comes after recent leadership changes and governance concerns at HDFC Bank. Jagdishan's retirement is due in October after completing his second term. The final appointment will be subject to approval by the Reserve Bank of India (RBI).

NASA has successfully launched its latest space telescope, the $4.3 billion Roman Space Telescope, on its way to its observation point. The mission was carried out by SpaceX with a Falcon Heavy rocket from Kennedy Space Center in Florida. The telescope is named after the late Nancy Grace Roman, NASA's first chief astronomer and a pioneer in the field of space science.

Activist Sonam Wangchuk has said that the founders of the Cockroach Janta Party (CJP) have political ambitions. He made this observation during his time at the Jantar Mantar protest in Delhi. However, he stressed that having such aspirations is not a bad thing and encouraged more young leaders to join or form their own political parties. "They are not saints who do not want anything out of this," Wangchuk said in a podcast with Prakhar Gupta.

Statins, commonly used cholesterol-lowering drugs, could cut the risk of dementia by as much as 15%, a long-term study has found. The research showed that starting statin treatment earlier in life further decreases the chances of developing this debilitating disease. The findings were presented at the European Society of Cardiology (ESC) congress in Munich and published in the Lancet Regional Health Europe journal.

Indian Bank plans to expand its operations by opening around 100 new branches in the current fiscal year, according to PTI. The expansion will mainly focus on the Central and Western regions of India. The bank also plans to recruit around 2,500 employees as part of this growth strategy and to replace those retiring from service.