TiDB, a database company, is using Amazon S3 for data storage to support AI applications. According to Ed Huang, CTO of PingCAP (TiDB's parent company), S3 improves database elasticity, resilience, and cost efficiency. Huang believes S3 is essential for providing flexible and cost-effective solutions for the increasing data demands of AI. He highlights the importance of this approach for improving the developer experience when working with large datasets.

Cohance Lifesciences has invested in NJ Bio's Princeton facility, enhancing its bioconjugation capabilities for Antibody-Drug Conjugate solutions. This strengthens Cohance's footprint in the growing ADC space, enabling accelerated development timelines and faster delivery of life-saving therapies. The company also announced a Rs 23 crore investment in its new oligonucleotide manufacturing facility in Hyderabad.

Indian stock markets rebounded on Wednesday, with the Sensex gaining 304.32 points to close at 80,539.91 and the Nifty rising 131.95 points to 24,619.35. The rally was fueled by steady U.S. inflation data and a drop in retail inflation to a 8-year low of 1.55% in July. Metal, auto, and pharma shares saw buying interest. FIIs offloaded equities worth ₹3,398.80 crore on Tuesday. Asian and European markets also traded positively.

Indian stock markets rebounded on Wednesday, with the Sensex closing 304 points higher and the Nifty gaining 131 points. Buying in metal, auto, and pharma shares drove the rally, supported by steady US inflation data. Analysts attributed the positive trend to retail inflation slowing to a 8-year low. Gains were also influenced by China's tariff deadline extension and easing oil prices. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,398.80 crore on Tuesday.

City of Dreams Sri Lanka, an integrated resort by John Keells Holdings and Melco Resorts & Entertainment, has launched. The resort aims to boost tourism with luxury hotels, a casino, shopping, restaurants, and event spaces. It showcases Sri Lankan art and design, incorporating local flavors in its cuisine. The resort seeks to offer a comprehensive experience, encouraging visitors to spend entire holidays within its premises and explore Colombo.

Rohit Srivastava suggests the market is consolidating after a correction, awaiting the next bull phase. A counter-trend bounce is possible if the market sustains above 24,600, potentially reaching 25,200. He emphasizes a stock-specific approach, favoring companies with strong growth. Midcaps and smallcaps are expected to outperform largecaps in the next rally.

Dipan Mehta expresses disappointment in the banking sector's earnings, citing increased competition. He suggests investors look beyond banks for better market performance. While pharma shows promise, tariff concerns limit valuations. Mehta highlights capital goods and power sectors as potential market leaders, naming L&T, KEC International, and Kalpataru Power as examples. He suggests investors consider overweighting these sectors due to infrastructure and capacity building.

Communal violence erupted in Nuh's Mudaka village, Haryana, following a parking dispute between a Muslim and Hindu youth on August 12. The argument escalated, leading to stone pelting, arson, and injuries. Samay Singh Saini alleged he was attacked after asking youths to move their truck. He further claimed announcements from a mosque incited villagers to attack. Police have deployed forces, made arrests, and are investigating the incident.

South Korea's unemployment rate fell unexpectedly to 2.5% in July, despite private sector hiring softening. The labour force participation dropped, contributing to the decline in unemployment. Despite weak domestic demand, the Bank of Korea is likely to take a wait-and-see approach in August before deciding on an interest rate cut, with October still seen as a more likely time for a move.

Mahendra Prasad, a contractual manager at DRDO's guest house in Jaisalmer, was arrested on August 12 for spying for Pakistan's ISI. He allegedly shared confidential details about Indian Army officers and scientists involved in missile testing through social media and phone communications. The case has been registered under the Official Secrets Act, and authorities have intensified security measures ahead of Independence Day.