Shares of Entero Healthcare Solutions rallied as much as 6% to their day’s high of Rs 1,625 on the BSE on Tuesday after Prashant Jain-owned 3P Investment Managers acquired a 2.5% stake in the healthcare product distribution and supply chain platform through open market transactions on August 24. With today’s gain, the stock is up 15% in two sessions.

The 3P India Equity Fund 1M and 3P India Equity Fund 1 schemes, managed by 3P Investment, bought 10.88 lakh shares of Entero Healthcare for Rs 104.99 crore. The acquisition represents 2.5% of the company’s paid-up equity, stock exchange data showed.

The shares were purchased from Prasid Uno Family Trust at Rs 1,377.8 apiece.

Surbhi Singh, through Prasid Uno Family Trust, held a 10.45% stake, equivalent to 45.5 lakh shares, in Entero Healthcare as of the June 2026 shareholding pattern.

Entero Healthcare Q1 results

Faridabad-based Entero Healthcare Solutions reported a 38% year-on-year increase in consolidated revenue from operations to Rs 1,940.5 crore for the quarter ended June 30, 2026, compared with Rs 1,403.8 crore in the year-ago period.

Consolidated profit after tax (PAT) rose 72% year-on-year to Rs 52.1 crore, while profit before tax (PBT) increased 85% to Rs 67.1 crore. Profit attributable to owners of the company grew 37% year-on-year to Rs 38.2 crore.
The company’s operating performance also improved during the quarter, with EBITDA rising 94% year-on-year to Rs 97 crore. EBITDA margin expanded to 5% from 3.6% in the corresponding quarter last year.Entero said the MedTech market is large and growing, and has synergies with its pharmaceutical distribution business. It also sees significant consolidation potential in the segment, with distributors playing a high value-add role and having a higher margin profile than distributors in the pharmaceutical market.

The company’s existing MedTech business and acquisitions focus on the IVD and Cardiology/Orthopaedic devices segments, which it described as large and high-growth. The company has outlined these factors as the strategic rationale for its MedTech acquisitions.

Entero Healthcare share price performance

Entero Healthcare shares have gained more than 21% over the past month and around 32% so far this year. Over the past six months, the stock has climbed nearly 50%.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Halliburton will help estimate how much lithium there is in the huge body of granite below ground

The company behind a huge lithium mining project in Cornwall has awarded a well drilling contract to a US oil industry giant as it moves towards commercial production.

Cornish Lithium, which last year became the first business to produce lithium hydroxide mined and refined in the UK, has appointed Houston-based Halliburton to provide well services for its Cross Lanes project near Redruth.

The project is examining the site’s potential for the commercial production of lithium – a critical component of lithium-ion batteries used in modern-day electronics including electric vehicles and smartphones.

Under the contract, Halliburton will provide subsurface modelling and well engineering, as well as equipment and services for the drilling and testing of two appraisal wells.

The work will help to estimate the amount of lithium contained within the geothermal system of the Cornubian Batholith – the large body of granite formed around 280 million years ago that lies beneath much of Cornwall and Devon.

According to Cornish Lithium, the commercial-scale wells will allow it to carry out extended testing to validate sustainable production conditions and explore the potential to harness geothermal heat for local homes and businesses.

Data gathered from the wells will inform the project’s final investment decision, while supporting the company’s wider ambition to develop a network of modular geothermal lithium production hubs across Cornwall, Cornish Lithium said.

Cornwall is home to the largest lithium deposits in Europe and has enough lithium to power at least 50 per cent of all EVs expected to be produced in the UK by 2030.

Martin Geissler, VP general manager for Lithium in Geothermal Waters at Cornish Lithium, said: “Halliburton brings deep industry expertise and knowledge, and will support the drilling and testing phases of our project, from well design to construction.

“Their team was highly proactive throughout the tender process, demonstrating a clear understanding of our requirements and a strong commitment to supporting the project’s objectives. We look forward to working with Halliburton and other collaborators as we continue to advance the project, support Cornwall’s proud mining heritage, and create high-quality jobs and long-term economic growth for the region.”

The Cross Lanes Geothermal Lithium Project is supported by a grant of £7.2m through the UK Government’s DRIVE35 programme to part-fund Cornish Lithium’s £14.5m programme of drilling and testing.

DRIVE35 is delivered by the Department for Business, Innovation, Science and Trade in partnership with the Advanced Propulsion Centre UK and Innovate UK.

Cornish Lithium first drilled and tested an exploration borehole at Cross Lanes in 2023, which confirmed that lithium‑rich geothermal waters circulate naturally through its underlying rock formations.

Jean-Marc Lopez, senior vice president, Europe, Eurasia, and Sub-Saharan Africa region at Halliburton, added: “Halliburton will support Cornish Lithium on the well services and testing scope for the Cross Lanes Geothermal Lithium Project.

“With more than 70 years of geothermal development experience and over a century of well delivery expertise, I expect our teams will execute the drilling programme safely and efficiently to support Cornish Lithium’s technical and operational objectives.”

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DUBAI — Dubai International Airport remains open and operational today, with flights continuing to move through all three of its terminals, even as the facility continues managing periodic delays and a smaller number of cancellations tied to the ongoing U.S.-Iran conflict, now stretching into its sixth month.

Major carriers based at the airport, including Emirates and flydubai, have continued maintaining regular flight schedules throughout the current stretch of renewed regional tension, according to reporting on the airport’s status. Some international carriers, however, remain grounded or have adjusted their Dubai-bound routes in response to the broader security situation across the Gulf region, meaning the overall picture at DXB is one of continued operation rather than full, unaffected normalcy.

Dubai Airports has maintained a standing advisory throughout the disruption period urging travelers to confirm their departure times directly with their airline before heading to the airport, rather than relying solely on previously booked schedules, given how quickly conditions have continued to shift in response to developments in the broader U.S.-Iran conflict. That advisory has remained active since the crisis first began in late February and continues to apply as regional tensions have flared again in recent weeks.

Dubai’s aviation recovery has broadly tracked the trajectory of the wider conflict throughout 2026, according to reporting from IBTimes AU, with periods of relative calm repeatedly interrupted by renewed flare-ups that have forced airlines to adjust schedules on short notice. The airport experienced full airspace closures during the spring, at the height of the initial conflict, before achieving a brief return to more normal operations by early July, only to see renewed delays and cancellations emerge again in the weeks since as tensions in the region have continued to fluctuate.

Congestion has also periodically affected the airport independent of the broader security situation. According to travel advisory coverage from Wego, SpiceJet recently alerted travelers to heavy air traffic control congestion at Dubai International Airport, warning that departures, arrivals and their consequential onward flights could be affected by delays, and advising passengers to check their flight status before heading to the airport. That congestion advisory coincided with a broader period of elevated security screening across the region tied to India’s Independence Day travel period in mid-August, which had separately prompted Air India and other carriers to urge UAE-based Indian passengers to arrive well ahead of scheduled departures.

For travelers with upcoming trips through Dubai, real-time flight status can be checked directly through Dubai Airports’ official flight information portal, which lists current departures and arrivals across all three terminals, as well as through independent flight-tracking services that monitor the airport’s operations in real time.

The current pattern of continued operation amid intermittent disruption at Dubai stands in contrast to the more severely restricted situation at some neighboring Gulf airports. According to comparative reporting on regional airport status, Dubai and Doha’s Hamad International Airport have generally remained more fully open throughout the conflict compared with Kuwait International Airport, which has continued operating with more significant limitations, including a terminal that has remained closed for an extended period following earlier strike damage. Abu Dhabi’s Zayed International Airport has similarly cycled between periods of reduced and more normal operations throughout the year, reflecting the varying degrees to which different airports across the Gulf have been directly affected by the conflict.

The broader security backdrop shaping conditions at Dubai and other regional airports has intensified again this week. The Trump administration has indicated it will unveil a significantly expanded package of economic sanctions against Iran, described by Treasury Secretary Scott Bessent as the “single greatest financial offensive ever” launched against the country, while Iran has separately warned it could seize commercial vessels violating its transit rules through the Strait of Hormuz. That escalating standoff, occurring alongside continued reduced shipping traffic through the strait, has kept the broader Gulf region in a state of heightened alert even though Dubai’s airport itself has continued operating without a fresh, dedicated closure tied specifically to this week’s developments, according to the most recent available reporting.

Dubai International Airport’s ability to maintain relatively consistent operations throughout much of the conflict reflects both its scale as one of the world’s busiest international aviation hubs and the UAE’s broader efforts to preserve air travel connectivity even amid periodic regional security flare-ups. That said, the airport’s advisory guidance has remained consistent throughout the year: conditions can shift with limited notice depending on developments in the broader conflict, and travelers should not assume a previously confirmed flight schedule will remain unchanged without checking directly with their airline closer to their departure time.

Given how frequently the situation across the Gulf has evolved throughout 2026, from full airspace closures in the spring, to a brief return toward normalcy in early July, to renewed delays and cancellations in more recent weeks, travelers flying through Dubai are strongly encouraged to monitor both their airline’s direct communications and Dubai Airports’ official channels for the most current information rather than relying on general news coverage or previously booked itineraries alone.

For now, the practical answer for anyone asking whether Dubai International Airport is open today is straightforward: yes, the airport remains operational, with Emirates, flydubai and other carriers continuing to run scheduled service across all three terminals, even as periodic delays, occasional cancellations, and the broader uncertainty surrounding the escalating U.S.-Iran standoff continue to shape day-to-day conditions at one of the world’s most significant aviation hubs.

Shares of Netweb Technologies fell nearly 4% on Tuesday, hitting a low of Rs 5,220 on the NSE, after the company announced the successful completion of its Rs 1,200 crore qualified institutions placement (QIP).

According to a filing with the exchange on Tuesday, the company said that the Fund-Raising Committee of the Board of Directors approved the allotment of equity shares under the QIP at its meeting held on August 20, 2026.

The QIP marks the first equity capital raised by the company since its listing on the NSE and BSE in July 2023 and the QIP received a strong response from global and domestic institutional investors.

Also Read | Netweb Tech shares rise 4% as Nomura, Goldman Sachs invest in Rs 1,200 crore QIP

The company further said that participation from marquee investors such as Goldman Sachs Asset Management, Nomura Asset Management, Amundi Asset Management, Think Investments, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, Invesco Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Tata Mutual Fund, Motilal Oswal Mutual Fund, Bank of India Mutual Fund, Trust Mutual Fund, Helios Mutual Fund, among others, reflects their confidence in Netweb’s business and the structural growth of India’s high-performance computing market and AI ecosystem.

Global institutional heavyweights led the list of major subscribers in the fundraise. Japanese investment firm Nomura secured the single largest allocation of 13.10% (3,28,064 shares) through its Nomura India Investment Mother Fund.
Wall Street titan Goldman Sachs was another prominent participant, securing an 11.21% stake (2,80,740 shares) through the Goldman Sachs India Equity Portfolio.Domestic institutional investors also absorbed a substantial chunk of the placement. ICICI Prudential Mutual Fund picked up a total 16.67% stake (4,17,476 shares) across six of its underlying schemes, including its Flexicap Fund and Innovation Fund.

Foreign portfolio investor Think India Opportunities Master Fund LP acquired an 8.33% block (2,08,768 shares). Similarly, Edelweiss Mutual Fund schemes alongside Altiva Hybrid Long-Short Fund collectively secured an 8.33% allocation (2,08,768 shares), while Invesco India Flexi Cap Fund picked up a 6.25% share (1,56,577 shares).

Pursuant to the QIP, the company allotted 2,505,219 equity shares of face value Rs 2 each at an issue price of Rs 4,790.00 per equity share (including a premium of Rs 4,788.00 per equity share).

Netweb Technologies offers computing solutions with fully integrated design and manufacturing capabilities. Its HCS offering comprises HPC, private cloud and (HCI), AI systems and enterprise workstations, high-performance storage (HPS) and data centre servers and intends to utilise the net proceeds of the QIP towards funding its working capital requirements to support the execution of its anticipated growth in the order book and general corporate purposes, in line with the objects set out in the Placement Document.

“We are grateful for the trust shown by leading domestic and global institutional investors in Netweb. This QIP represents an important milestone in our journey and reflects confidence not only in our performance, but also in the long-term opportunity across AI and high-end computing infrastructure,” said Sanjay Lodha, chairman and managing director, Netweb Technologies.

Also Read | Ceigall India shares rise 4% after winning Rs 705 crore Arunachal Pradesh Frontier Highway project

“The capital raised strengthens our balance sheet and financial flexibility and enhances our ability to support the working-capital requirements in line with anticipated growth in our scale of operations and order book. We remain committed to strengthening our Make in India design and manufacturing capabilities, deepening our technology partnerships and investing in innovation to deliver sustainable long-term growth and value for our stakeholders,” Lodha further said.

IIFL Capital Services, CLSA India, & Resurgent India acted as the book running lead managers to the issue. Khaitan & Co. acted as domestic legal counsel to the company and the book running lead managers, and Hogan Lovells Cadwalader acted as international legal counsel to the book running lead managers. Uirtus Advisors LLP was advisor to the company.

Shares of Netweb Technologies hit a fresh 52-week high of Rs 5,813 per share on Monday on the NSE. In the last one month, the stock rallied 27.41% and nearly 123.25% in the last one year.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Songs that are largely or wholly created by AI have been banned from Australia’s music charts.

From this week, all releases must be “substantially human made” to be eligible.

The Australian Recording Industry Association (ARIA) said the new code would help “promote the human nature of artistry”.

It follows a controversy around a cover of Madonna’s Like A Prayer by Australian DJ Josh Fawaz which recently topped the ARIA dance singles chart and peaked at number 2 on the country’s overall chart.

The song has become a staple of commercial radio station playlists and been streamed more than 48 million times on Spotify alone.

Fawaz later added generative AI credits to the song after a backlash.

ARIA said that Australian artists were competing for attention “in the most crowded market in history” and that it was “not interested in promoting or celebrating the success of AI-generated music that does not contain human artistry”.

Under the new rules, AI assistance can still be used, but humans must have written the song, and have performed the lead vocal and primary instruments.

AI can also still be used for mastering songs and, for example, using drum machines and auto tune.

Earlier this year a song was banned from Sweden’s music charts because it was created by AI.

And in July, the International Federation of the Phonographic Industry (IFPI) said AI guidelines would be rolled out in Latin America, the Middle East, Africa and Southeast Asia for use in their official charts.

The updated code, based on the IFPI directive, also excludes music that raises “stream or chart manipulation concerns”.

ARIA chief executive Annabelle Herd said: “These changes reflect our intent to remain dynamic and promote the human nature of artistry in what is, to say the least, a rapidly developing space.”

“Artists already use AI tools in their work, the charts can and should evolve to keep room for that, but music generated wholesale by services built on artists’ recordings is a different matter.”

She added: “A chart that rewards unlicensed AI output would undercut the very basis of the recorded music we exist to represent.”

Artists will be required to declare AI use when they submit a song for chart consideration.

ARIA said that if it later emerged music was largely AI-generated it could retrospectively adjust chart positions, and if the piece topped the charts, it may request that awards given for reaching Number One were returned.

Artists and their representatives will be able to challenge their exclusion.

Among the artists supporting the move are Australian electronic act Peking Duk.

Last month, they shared an AI-assisted version of their 2014 hit High on Instagram, captioned: “When you re-record your own song with AI so Australian radio will play it.”

Band member Adam Hyde told Channel Nine’s Today show that AI-generated music was “removing the human experience from life”.

In July this year, Australian Prime Minister Anthony Albanese promised “the strongest possible protection” from AI for Australian creatives.

Albanese pledged that writers and musicians would be able to choose if and how their work was used in the training of AI, saying it would be “theft” if creatives lost that control and were not paid for its use.

Somerset’s cider apple growers know this is not a freak year.

“What we used to think of as extreme weather, we increasingly consider as normal.” says Mike Kendon, a climate scientist at the Met Office.

But what can an apple grower do about it?

Neil MacDonald is now watering newly planted trees.

“Five years ago you would just dig a good hole and leave nature to get on with it,” he smiles.

“Now you can’t get away with that, you have to irrigate young trees or they die.”

But irrigation for hundreds of acres of cider orchards is “just not viable”, he said. Farmers who grow eating apples for supermarkets command higher prices for their fruit, so traditionally they have invested in irrigation systems.

Cider growers are now having to rethink their calculations.

Most fundamentally of all, climate change may actually change the taste of West Country cider.

One of the main varieties that gives Somerset cider its bittersweet taste is Dabinett. Several growers have found these trees producing very few apples this year, not because of the drought, but the mild winter.

“Dabinett needs a cold snap,” MacDonald explains. “We just didn’t get the cold winter days this year or last, so it’s not producing.”

He is now grafting other varieties onto his Dabinett trees, plants that fare better in hot dry weather.

As our climate changes, the very taste of Somerset cider may change too.