Chola Investment exclusive, Dolly Parton no more, US pauses visa for screening, Groww Block deal and more

Hello and Welcome to CNBC-TV18’s Newsletter. Today, we take a look at Chola Investment’s Vellayan Subbiah exclusive to CNBC-TV18, Country music legend Dolly Parton passes away, Groww Block Deal, the US pauses visa screening and more.

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The CG Power stock has risen 22 times, while the Cholamandalam Investment and Tube Investments stocks have increased 4.8 times and 3.7 times, respectively, from 2021 to 2026. The total market cap of these three stocks in January 2021 was ₹54,800 crore, which has now surged to ₹2.98 lakh crore.

Dolly Parton, the singer and songwriter behind “Jolene,” “9 to 5” and “I Will Always Love You,” died on Tuesday in Nashville at age 80. Her publicist, Marcel Pariseau, confirmed she died at the Vanderbilt-Ingram Cancer Center after a battle with cancer

As many as 12.74 crore shares, or 2.1% equity of Billionbrains Garage Ventures, the parent company of Groww, worth ₹2,500 crore changed hands in block deals on Wednesday, August 26. The official buyers and sellers are not yet known.

Shares of Gaja Alternative Asset Management, which operates under the Gaja Capital brand, made a decent debut on the stock market on Wednesday, August 26, after its ₹550-crore initial public offering (IPO) was subscribed 31.33 times.

The crypto market has staged a broad August rally, with Cardano emerging as the strongest performer among the major tokens tracked, while Bitcoin has reclaimed the $80,000 level. The gains have accelerated over the past week, with several major altcoins outperforming Bitcoin.

OpenAI’s head of data centres, Chris Malone, has left the artificial intelligence company, the latest in a series of senior-level departures in recent months, according to The Wall Street Journal and CNBC.

The Madhya Pradesh government on Tuesday (August 25) approved key proposals worth ₹10,630 crore to accelerate infrastructure, healthcare, cybersecurity projects and support social welfare schemes in the state.

Indiabulls Limited, formerly known as Yaari Digital Integrated Services Limited, has recently signed an agreement with a private landlord to undertake the development management of a residential project spread across approximately 10.84 acres on the Dwarka Expressway in Gurugram.

As the only listed silver play in India, Hindustan Zinc (a Vedanta Group company) may also benefit from the recent spike in silver prices, which have jumped over 23% from the lows it hit in July. Despite being more volatile than gold, silver has emerged as the best-performing precious metal by compounded annual returns over the last five years.

The Trump administration has temporarily paused visa appointments at US embassies and consulates worldwide as the State Department conducts a new training programme for consular officers.

President Donald Trump has submitted to Congress for review an agreement with Saudi Arabia aimed at bolstering the kingdom’s civilian nuclear programme, but continues to insist that it won’t move forward if Saudi Arabia doesn’t normalise relations with Israel, according to a Trump administration official.