Auto components maker Dhoot Transmission raised ₹918.3 crore from anchor investors ahead of its initial public offering, with participants including BlackRock, Abu Dhabi Investment Authority and SBI Mutual Fund. The company allotted over 1.05 crore equity shares to 72 funds at ₹871 per share, with domestic mutual funds taking 61.27% of the anchor book. The ₹3,067 crore IPO will be open for subscription from August 10 to August 12, with a price band of ₹829871 per share.

Two new U.S. opinion polls show broad public opposition to President Donald Trump profiting from cryptocurrency, with 55% of voters disapproving and 44% saying they strongly disapprove. Separate polling for the Progressive Policy Institute and GBAO found 71% to 75% of respondents support banning federal officials and their immediate families from profiting from crypto businesses, even after learning about Trump’s business background. Amid the growing political scrutiny, the TRUMP token has remained under pressure and was recently trading around $1.45, down about 9.4% over the past week. The heightened scrutiny has also increased expectations of tighter rules that could further weigh on the appeal of politically linked tokens.

Hindalco Industries reported record results for the first quarter, with consolidated net profit up 75% year on year to ₹7,013 crore and revenue rising 32% to ₹84,825 crore. Ebitda climbed 73% to ₹14,989 crore, also a record high, helped by a near-50% jump in aluminium prices and a recovery at its U.S. unit Novelis. The company said it expects average aluminium prices in the second quarter to ease to about $3,200 per tonne from $3,577 per tonne in the first quarter.

Molbio Diagnostics raised ₹281.5 crore from anchor investors ahead of its IPO, placing 34.88 lakh equity shares with 33 anchor investors at ₹807 per share. The IPO has a price band of ₹768-807 per share and will be open for subscription from August 10 to August 12. At the lower and upper ends of the price band, the issue is estimated at ₹904 crore to ₹940 crore.

Western Union has partnered with crypto firm Rain to launch Stablecard, a Solana-based stablecoin payment card built around USDPT. The product is live in 37 markets, and Western Union is targeting availability in more than 60 markets by the end of 2026. Users can receive Western Union transfers converted directly into USDPT and spend it anywhere Visa is accepted, with support for Apple Pay and Google Pay.

Intel reported Q2 fiscal results with earnings of $0.30 per share, beating expectations by 200%, and revenue of $16.1 billion, up 25% year over year for its strongest growth in more than 15 years. Data Center and AI revenue rose 59%, Foundry revenue increased 31%, and free cash flow totaled $4.45 billion. The shares are up 170% year to date, and investors are calling for the company to reinstate its dividend.

Strikes planned for this weekend at Port Hedland, Australia’s largest iron ore export port, could cost BHP about $100 million in revenue and the West Australian government more than $7 million in royalties. Port Hedland exported 580 million tonnes of iron ore in the last financial year, accounting for almost three quarters of outbound commodities from the Pilbara ports, according to Pilbara Ports data. The dispute centres on workers’ pay and conditions and includes a 24-hour ship-loading ban followed by a 24-hour stoppage.

DA Davidson downgraded The Trade Desk to Neutral from Buy and slashed its price target to $16 from $29 after the company’s second-quarter results fell well short of expectations. The firm said both Q2 revenue and adjusted EBITDA missed by a wide margin. It also said the company’s third-quarter guidance came in far below Street consensus. DA Davidson attributed the pressure to a mix of global macro headwinds and company-specific customer friction as well as pricing and transparency issues.