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From new drone rules to global oil majors joining race for BPCL; here are the top news of Aug 26

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Here are the top news from the world of business, economics, national and international politics and more, handcrafted for you by the CNBC-TV18.com team.

From new drone rules to global oil majors joining race for BPCL; here are the top news of Aug 26
The Centre has notified Drone Rules, 2021 to attempt relaxing the rules and regulations surrounding the drone ecosystem. Global oil majors may be teaming to acquire BPCL and compete for India's biggest privatisation effort. Reliance Life Sciences has sought regulatory approval to conduct early-stage human trials of its two-dose COVID-19 vaccine candidate. For all these stories and everything in between, here are some top news of the day.
ECONOMY
Government notifies drone rules, no permission now required for green zones 
The Centre has notified Drone Rules, 2021 to attempt relaxing the rules and regulations surrounding the drone ecosystem and give it a boost. Per the new rules, the maximum penalty is now reduced to Rs 1 lakh. Want to know more new rules? Click here.
Global oil majors may be joining race for BPCL 
Global oil majors may be teaming to acquire BPCL, govt-owned oil and gas corporation and compete for India's biggest privatisation effort. Detailing the 'Next Step', the 'Brief Note on BPCL Disinvestment' said Transaction Advisor and Asset Valuer are to submit an inception report, bidders have to complete due diligence of the company, and sale-purchase agreement has to be finalised. Check out who is in the race here.
Asset monetisation plan seeing positive response from private sector: NITI Aayog VC
Dr Rajiv Kumar, the VC of Niti Aayog said he is very pleased and amazed at the response received from the private sector towards the asset monetisation plan. Read his views on the plan here.

MARKET
Vijaya Diagnostic Centre fixes price band at Rs 522-531 for IPO 
Hyderabad-based Vijaya Diagnostic Centre, a diagnostics network, has fixed a price band of Rs 522-531 for its initial public offering (IPO), which is set to hit Dalal Street on September 1. Vijaya Diagnostic's IPO, estimated to be worth Rs 1,895 crore, will be the 39th in the country so far in 2021. Know more about the company here.
M&M Financial Services to rope in Raul Rebello as new COO; shares gain 
The company has inducted Raul Rebello, Axis Bank’s previous EVP & head of rural lending & financial inclusion as its COO. CNBC-TV18 reported that MMFSL is looking to strengthen its top management team in a challenging environment. Here's how the shares responded.
Correction in broader markets a healthy sign focus on bottom-up approach: Emkay Global
The recent correction in the broader market is a healthy sign, and investors should focus on the ‘bottom-up’ approach while buying midcaps, says Krishna Kumar Karwa, MD, Emkay Global.
Speaking to CNBC-TV18, Karwa said more money was moving into large-cap names. Check out his views on broader markets.
INDIA
Situation in Afghanistan 'critical', govt committed to full evacuation of Indians, says S Jaishankar
The government on Thursday said the situation in Afghanistan is "critical" and it is trying to evacuate nationals as soon as possible. External Affairs Minister S Jaishankar briefed opposition leaders on the latest situation in Afghanistan after the Taliban captured power in the country last week. Continue Reading
Centre clears nine names, including 3 women judges, for elevation to Supreme Court
The collegium headed by Chief Justice NV Ramana has recommended these nine names. The apex court, which came into being on January 26, 1950, has seen very few women judges since its inception. Continue Reading
Reliance Life Sciences seeks nod for human trials of its COVID-19 vaccine candidate
Reliance Life Sciences has sought regulatory approval to conduct early-stage human trials of its two-dose COVID-19 vaccine candidate. The Subject Expert Committee (SEC) will review the application. Continue Reading
WORLD
United States urges Afghans to avoid Kabul airport as Islamic State threat emerges
Pressure to complete the evacuations of thousands of foreigners and Afghans who helped Western countries during the 20-year war against the Taliban has intensified with all US and allied troops due to leave the airport next week. Continue Reading
US to work with Big Tech, finance sector on new cybersecurity guidelines
The US government on Wednesday said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to "raise the bar on cybersecurity." Continue Reading
Fed Chair Powell might not want to create turbulence for market, says Wells Fargo's Jacobsen
The central bankers of the world will be meeting in Jackson Hole for the symposium starting today. Investors will keenly watch for Powell's speech on Friday, August 27, where he is expected to provide details on tapering back on the Fed's massive quantitative easing, its massive stimulus. Continue Reading


YOU & ME
Which COVID-19 test should you take? 
While the RT-PCR test delivers result in a day or two, the DIY gives results in 15 minutes. But the PCR results are far more accurate than the DIY kit. The antigen tests or the rapid test is also recommended if you are contagious.  Check out which one should you opt for
Income tax return filing: Key things to know before using ITR-3 and ITR-4 forms
Income Tax Department has notified 7 forms for filing ITR this year. These forms include Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6 and Form ITR-7. Continue Reading
Xiaomi Mi Smart Band 6 to be available from August 30
The Mi Band 6 is priced at Rs 3,499 and will be available across Mi.com, Mi Homes, Amazon, and other retail stores. Though officially launched, it will be available for sale from August 30. Continue Reading 
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