26 C 
Insurers seek greater flexibility in using equity derivatives for portfolio hedging
Indian insurers are seeking greater flexibility in using equity derivatives, including allowing exposure to be aggregated across multiple funds rather than applying limits separately. The move could help insurers hedge broader equity portfolios, but adoption remains limited. Irdai allowed insurers to use equity derivatives solely for hedging existing equity exposures in February 2025.
Irdai fines ICICI Lombard Rs 1 crore for outsourcing, vendor management lapses
The Insurance Regulatory and Development Authority of India has imposed a 1 crore penalty on ICICI Lombard General Insurance for lapses in outsourcing, vendor management and corporate governance. The regulator said the insurer failed to classify event management services involving agents of other insurers as outsourced activities or report related expenses.
Private banks profit margins recover as FCNR(B) inflows ease deposit funding pressure
Indias private banks saw fresh lending spreads widen sharply in July as FCNR(B) inflows improved liquidity and reduced reliance on expensive wholesale funding. Fresh spreads rose 22 basis points to 3.13%, nearly double those at public sector banks. However, analysts cautioned that margin gains could prove gradual and difficult to sustain.
PSB PLI scheme deferred amid employee concerns
The finance ministry said in a statement Monday it has taken cognisance of the concerns and decided to keep the implementation in abeyance in response to the employee representation on the PLI structure. The matter will now be discussed during the ongoing bipartite settlement or joint note discussions, it said.
Fairfax plans IIFL Finance exit to fund IDBI Bank bid
Fairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the proposed takeover of the state-owned lender. Fairfax intends to merge CSB Bank with IDBI Bank after completing the acquisition. This move aims to simplify lending interests and avoid business overlaps. The deal is expected to be completed shortly after procedural steps.
Indian firms line up $7.7 billion in ECB proposals in July
Indian companies filed proposals worth $7.70 billion for external commercial borrowings in July. This represented a significant 27% growth over the previous month's figures. The Reserve Bank of India had eased its borrowing framework earlier in February. Air India and Interglobe Aviation together filed proposals worth $780 million. These companies sought special permissions from the central bank for their borrowings.
Sachin Tendulkar makes 70 crore property move in Lonavala; details of the deal here
Sachin Tendulkar has acquired full ownership of the 3.09-acre parcel. For the remaining two properties, he has purchased a 50% undivided share, according to the registration documents.
Mutual funds often come with 10- or even 20-year performance histories, but the manager currently making investment decisions may have been running the scheme for much less time. A September 2026 analysis found average manager tenure below three years across every equity-fund category.
Govt puts public sector bank executive performance pay on hold amid strike call
Bank unions have strongly opposed the performance-linked incentives framework, calling it discriminatory and favouring senior executives (Scale IV and above).
Purple Style Labs makes muted market debut; shares end over 1% lower
The initial public offering of real estate developer Pranav Constructions got fully subscribed on the first day of bidding on Monday and ended with 5.69 times subscription
A weak or negative SIP return in the first two years may not be a reason to exit. An analysis of two decades of Nifty 500 TRI data found that nearly 69% of cases with negative two-year SIP returns delivered double-digit annualised returns by year five, while none remained negative.
Why copper is hitting record highs: Trump tariffs, US stockpiles and supply crunch explained
Copper surged to its highest-ever price on the London Metal Exchange after a weeks-long rally fueled by anticipation that President Donald Trump will expand US tariffs to imports of refined metal.
Govt keeps PSB employees' PLI scheme for FY26 in abeyance after union representation
The government has postponed the performance-linked incentive scheme for bank employees. This decision follows employee representations seeking a review of the existing structure. Finance Minister Nirmala Sitharaman met with bank employee representatives to discuss their concerns. The scheme's implementation for 2025-26 will be kept in abeyance. Discussions will continue through bipartite settlement and joint note talks.
Financial stocks attracted a third of FPI haul in August, shows data
Experts say the divergence suggests foreign rotated towards domestic consumption and financial themes while trimming exposure to commodity-linked and defensive sectors
FTSE-BSE inclusion could open global index route for NSE shares
BSE-listed stocks to become eligible for FTSE Russell indices from March 2027, just as NSE is set to list
Prasol Chemicals mobilises Rs 150 cr from anchor investors ahead of IPO
Prasol Chemicals has raised nearly Rs 150 crore from anchor investors ahead of its Rs 500-crore IPO, which opens on September 8. The speciality chemicals maker allocated shares at Rs 676 each to investors including Tata Mutual Fund, Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Insurance.
Taiwan's Wistron raises $1.5 billion in global share sale to fund raw material purchases
Nvidia supplier Wistron is raising $1.47 billion through a global share sale as surging AI spending drives demand for servers and components. The Taiwanese company will use the proceeds to buy raw materials in foreign currencies. Wistron is also expanding production, including a $700 million AI systems plant in Texas.
European shares subdued as surging crude sharpens focus on ECB rate path
European shares closed largely flat as higher oil prices and renewed US-Iran tensions raised inflation concerns, offsetting stronger euro zone economic data. Energy stocks gained, while Novartis fell after its cholesterol drug failed a key study. Investors also raised bets on further ECB rate hikes, including a possible December move.
Copper touches record high, focus on tight supplies outside US
Copper prices hit a record high as concerns over shortages outside the US boosted buying, while a weaker dollar supported metals. LME copper touched $14,533 a metric ton, surpassing its January peak. Falling Shanghai stocks and strong US inventories highlighted the growing divergence in global copper supplies.
Investing in experiences and comfort can enhance life satisfaction. Here are 5 luxuries you must spend on once essentials, emergencies and future goals are covered.
HEG trades ex-Graphite business, gains 3% on debut
The stock closed at 273 on the NSE, valuing the company (ex-graphite) at 5,300 crore
Ahead of Market: 10 things that will decide stock market action on Tuesday
Sensex and Nifty extended their four-week losing streak as rising oil prices and US-Iran tensions weighed on sentiment. Analysts flagged downside risks from supply disruptions and stretched valuations, though earnings improvements and selective buying supported small-cap and mid-cap stocks.
Brent crude oil price nears $100 as attacks on tankers threaten to worsen supply shock
Oil prices climbed to a six-week high as US-Iran attacks on commercial vessels disrupted Strait of Hormuz shipping. Falling tanker traffic has heightened fears of a supply shock, with Goldman Sachs warning crude could reach $120 if attacks intensify.
Bond yields have risen sharply over the past year, with Indias 10-year government bond yield nearing 7%. As equities remain volatile and F&O traders face losses, higher yields are making debt more relevant for retail investors.
SBM Bank India plans 26% stake sale, appoints consultant
SBM Bank India is considering selling a twenty-six percent stake to raise expansion funds. The bank has appointed a consultant and is currently at the Expression of Interest stage. The parent company recently infused seventy-five crore rupees and will provide more capital. SBM Bank India aims for significant credit growth and is strengthening its digital wealth offerings.
360 One Group CEO Bhagat buys 1.3 lakh shares of Novartis India for Rs 22 cr
Karan Bhagat acquired 1.3 lakh Novartis India shares for nearly Rs 22 crore. His firm Kyrush Investments sold an equal number of shares in the transaction. Novartis India also announced acquiring trademarks from Pfizer for Rs 1,250 crore. Earlier, Novartis AG agreed to sell its stake to a consortium. This deal excluded its innovative medicines business in the country.
IT stocks buckle under crude oil surge and geopolitical tensions
Infosys-led IT selloff drags Nifty below 23,800 amid crude surge and IPO concerns
MFs place heavy bets on fresh offerings; ICICI Pru, SBI lead allocation
ICICI Prudential Mutual Fund leads the top-tier individual allocations in absolute money terms, committing 1,019.6 crore to Shadowfax Technologies.
HDFC Bank cuts MCLR lending benchmarks from today by 5-10 basis points: Check detailed rates
HDFC Bank has lowered its lending benchmarks by 5 to 10 basis points for various tenures effective September 7, 2026. The revised MCLR rates now range from 7.90% to 8.60%, with reductions benefiting borrowers linked to MCLR loans.
Women wellness start-up Nua raises $50 million Series C round led by Peak XV & Filter Capital
The funds will be deployed towards its next phase of growth, with a focus on brand building, expanding its reach and distribution, and strengthening its R&D capabilities
Sebi extends deadline for angel funds to comply with accredited investor mandate
SEBI has extended the accredited investor compliance deadline for existing Angel Funds to March 31, 2027. During the transition, these funds cannot offer investment opportunities to more than 200 non-accredited investors, while newer funds remain restricted to accredited investors.
Tax audit vs ITR deadline: The two-stage filing process taxpayers need to know about
For taxpayers subject to a tax audit, the 30 September audit report deadline and the 31 October ITR filing deadline are separate but connected compliance steps for AY 2026-27. Here's what taxpayers need to know about these two deadlines and what they should do before each date.
5 hacks to save more money: Finance lessons from Indian mothers that make you richer every week
By adopting practical habits, you can effectively save money for future expenses. Here are 5 hacks to save more money; these finance lessons from Indian mothers make you richer every week.
RNFI Services gets RBI in-principle nod to operate as payment aggregator
RNFI Services has received in-principle RBI authorisation to operate as a Payment Aggregator-Physical (PA-P), allowing it to expand into offline and in-store payments. The approval adds another regulated payments capability to its existing financial services portfolio, including money movement, mutual fund distribution, insurance broking and prepaid payment instruments.
30 lakh investment: FD vs SCSS vs Post Office MISwhich offers the highest monthly income?
Investing 30 lakh? Compare SCSS, bank FD and Post Office Monthly Income Scheme (MIS) interest rates, income potential, deposit limits and payout frequency to understand which option can deliver the highest regular income while balancing eligibility, liquidity and tax considerations.
Sebi eases investor group disclosure for FPIs investing in govt bonds
The move extends a relaxation Sebi had first carved out in September 2025 for FPIs investing only in government bonds under the Fully Accessible Route
Crude surge, Fed rate fears drag Nifty lower
Nifty 50 settled at 23,779, down 118 points or 0.50%, while the Sensex fell 382.62 points to 76,132.81
Aarti Industries commissions Phase 1 of its Zone IV project at Jhagadia, Gujarat
Aarti Industries announced the successful commissioning of Phase I of its Zone IV project at Jhagadia, Gujarat, marking an important milestone in the Company's ongoing growth and expansion journey.
GE Vernova T&D wins bid for 6000 MW HVDC LCC terminal station project
Rajputana Stainless board approves wind and solar projects for captive consumption
At meeting held on 07 September 2026
FDs may offer stability, but putting a large amount in one bank can expose investors to concentration risk. DICGC deposit insurance covers up to 5 lakh per depositor per bank, including principal and interest. Heres what investors with large FD portfolios should know.
5 reasons why your investment strategy makes no sense: Check common money mistakes
Investing without clear goals can lead to poor decisions influenced by emotions or trends. Check these 5 common money mistakes.
Should you take a personal loan to pay off credit card debt? Experts explain when it makes sense
Experts say a personal loan can help consolidate credit card debt if its interest rate is lower than your card's cost and you maintain repayment discipline, but check processing fees, prepayment penalties and total interest before switching.
RNFI Services Receives RBI Approval For PA-P Licence
RNFI Services Ltd has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical (PA-P). This approval allows the company to expand its financial infrastructure into physical, offline, and in-store payments, complementing its existing regulated financial services portfolio.
Spain mandates new 20-year green bond syndication, seeks to raise 4 billion
Spain has announced a new initiative requiring banks to participate in a syndicated 20-year green government bond, aimed at generating about four billion euros soon. Leading financial institutions such as Barclays, BBVA, Credit Agricole CIB, J.P. Morgan, Morgan Stanley, and Santander will manage the offering. Additional primary dealers will be welcomed in the syndication while the funds raised will align with Spain's refreshed Green Bond Framework.
Party's over for crypto scammers who went on a spending spree after a $240 million bitcoin theft
In a bold social engineering heist, young con artists pilfered over $240 million in bitcoin, leading to an extravagant month of luxury splurges, complete with stylish mansions. The FBI has arrested Malone Lam, alleged leader of the gang, alongside 17 others, underscoring a disturbing trend of cryptocurrency frauds reported to them. With rising criminal activity, law enforcement is intensifying efforts to prosecute these offenders and reclaim the misappropriated assets.
Silver surged 98% in a year, but investors earned only 18%. The sharp gap raises a bigger question: did investors miss the rally, or did they enter at the wrong time? The answer lies in how investor behaviour changed as silver prices climbed.
Vodafone Idea among 4 stocks hitting 52-week highs; rallied up to 22% in a month
Despite a 382-point fall in the Sensex, four stocks from the BSE 200 index, Vodafone Idea, Lenskart Solutions, Solar Industries India and Divi's Laboratories hit fresh 52-week highs on Monday. Key gainers Vodafone Idea and Lenskart led the rally, each rising up to 22% over the past month.
Sebi eases compliance norms for FPIs investing only in government securities
Sebi has eased compliance requirements for FPIs investing exclusively in government securities, removing the need to furnish investor group details. The move follows the RBIs decision to withdraw concentration limits for such FPIs under the General Route.
400th Apache Fuselage Rolled Out By Tata Boeing Aerospace
Tata Boeing Aerospace Limited (TBAL) has achieved a significant milestone by rolling out the 400th fuselage for the AH-64E Apache attack helicopter from its Hyderabad facility. This joint venture between Boeing and Tata Advanced Systems Limited manufactures fuselages for global supply, including to the US Army and the Indian Army, highlighting India's growing role in the global defence manufacturing ecosystem.
Zerodha co-founder Nithin Kamath credited Karthik Rangappa as central to building Zerodha Varsity, the brokerages free financial education platform. Kamath highlighted Rangappas long association, continued contribution and role in expanding Varsity, stressing education rather than customer acquisition as its core purpose.
Private Credit vs Fixed Income: What HNIs need to know before investing
ET Alpha Summit 2.0 will bring together leading investment voices to discuss private credit, structured debt and evolving portfolio strategies. As HNIs look beyond traditional fixed income for income and diversification, the summit will explore the opportunities, risks and role of private credit in today's portfolios, with insights from industry leaders.
Taxpayers with business or professional incomes face different ITR deadlines. Tax audit reports are due by September 30, 2026, with penalties applicable for late submissions. Details here.
Mark Zuckerberg owns multiple properties with his wife Priscilla Chan, including their recent purchase of a gothic castle in Ireland. The couple also own two lakefront estates, a residential home in Palo Alto, ranches in Hawaii and several more mansions and properties in the US. Check all.
Indian Markets Dip Amid Geopolitical Tensions and US Rate Hike Fears
Indian benchmark indices, Sensex and Nifty, closed lower on Monday due to elevated crude oil prices, escalating US-Iran hostilities, and concerns over a potential US interest rate hike, impacting investor sentiment.
22, 24 carat Gold prices down across metro cities on September 7
22, 24 carat Gold prices down across other cities on September 7
Sukanya Samriddhi Yojana: Will marriage lock or unlock your SSY account?
A Sukanya Samriddhi account does not automatically close when the girl gets married. If she marries after turning 18, the account may be closed prematurely within the prescribed timeline, subject to SSY rules.
Rupee falls 7 paise to close at 94.50 against US dollar
During the day, the local unit touched an intraday high of 94.38 and a low of 94.50
India's VC funding recovery 'anaemic' compared to global surge
India's venture capital deal value grew by a modest 5 per cent in the first seven months of the year, significantly lagging the global average surge of 161 per cent, reflecting continued investor caution and valuation discipline.
Sensex, Nifty, Share Prices Highlights: Indian benchmark indices extended their decline on Monday as investors remained cautious amid elevated crude prices and geopolitical uncertainty, with selling pressure pushing the Sensex to an intraday low below 76,000.
Your biggest retirement risk may not be inflation. One risk you can't afford to ignore
India's life expectancy has risen over the last few decades, emphasising the need for enhanced retirement planning. Experts explain what an average retiree needs after exiting the workforce.
FIIs raise stakes in 9 midcap stocks for four straight quarters; shares surge up to 70% in a year
Over the four quarters through June 2026, FIIs steadily increased their holdings in around 15 BSE midcap stocks
With States competing for investment, regional indices could open a new avenue for investors
NIIF Appoints New Partner, PB Pay Goes Live, DGFT Boosts Trade
National Investment and Infrastructure Fund Limited (NIIF) has appointed Gauravjit Singh as managing partner to lead its global capital formation efforts. Simultaneously, PB Fintech's payment aggregator platform, PB Pay, has gone live, offering consolidated payment acceptance for merchants. In a move to enhance trade efficiency, the Directorate General of Foreign Trade (DGFT) has introduced open API integration for Certificate of Origin, allowing exporters to streamline their application processes.
Board of Asian Paints approves change in directorate
At meeting held on 07 September 2026
Muthoot FinCorp rolls out Rs 700 crore NCD issue. Here's what investors need to know
Muthoot FinCorp has launched the fifth tranche of its secured, rated and redeemable NCDs, offering effective annual yields of 8.89% to 9.25% across four tenures ranging from 24 to 72 months. The company aims to raise up to Rs 700 crore, with proceeds earmarked for onward lending, repayment or prepayment of existing borrowings and general corporate purposes.
Smallcap 500 index hits 52-week high; Syrma, Strides, Avalon soar up to 12%
A total of 36 stocks from the Nifty Smallcap 500 index gained between 5-9%, another 38 stocks rose 4% each, 35 added 3% each and 38 stocks were up 2 per cent each in Monday's intra-day trade.
Upstox launches US stocks investing, offers access to 8,000 stocks, 2,000 ETFs
The offering includes stocks of major global companies such as Apple, Tesla, Amazon and Google
V2 Retail shares rise 4% as Motilal Oswal sees SSSG driving earnings
Motilal Oswal Financial Services has initiated coverage on V2 Retail with a Buy rating and assigned a target price of 275, implying an upside of 27 per cent from the previous close of 216.50.
SIP calculators can overstate realistic wealth creation by assuming fixed contributions for decades. DSP Mutual Fund highlights how income-adjusted SIPs, market downturn stoppages and withdrawals can significantly reduce final corpus, making affordability, discipline and staying invested crucial for long-term compounding.
Record August for Auto Retail: Alternative Fuels Outpace Petrol
India's automobile retail sales reached an unprecedented 24.23 lakh units in August, marking a 17.51 per cent year-on-year growth, with alternative fuels (CNG, hybrid, and electric) collectively surpassing petrol in the passenger vehicle segment for the first time.
Online wills are cheaper and easier. But can a 499 will protect a 5 crore estate?
Online platforms can help create a will for as little as 499, while assisted services can cost 30,000 or more. But the question is not just how much you pay to make a willit is whether you have disclosed every relevant asset, established ownership correctly and planned for potential disputes.
Health insurance or emergency fund first? Expert explains why you need both and how much to keep Why savings alone may not protect you from rising medical costs, job loss and unexpected expenses.
Global Market: Deutsche Bank sees ECB rates rising to 2.75% as energy risks persist
Deutsche Bank has raised its peak ECB interest rate projection to 2.75%, forecasting additional 25 basis point hikes in September and December. Persistent energy risks and geopolitical tensions are driving the shift, as economic resilience and elevated inflation keep borrowing costs in the euro zone higher for longer.
Zee Entertainment Enterprises Ltd leads losers in 'A' group
PVR Inox Ltd, Garware Hi Tech Films Ltd, Manappuram Finance Ltd and Welspun Enterprises Ltd are among the other losers in the BSE's 'A' group today, 07 September 2026.
Shankesh Jewellers edges higher after Crisil Ratings revises rating outlook to 'positive'
Shankesh Jewellers (SJL) advanced 4.04% to Rs 103 after Crisil Ratings revised its outlook on the long-term bank facilities to 'positive' from 'stable' while reaffirming the rating at 'Crisil BBB'.
SME IPOs raise 1,220 cr in Aug 2026: Poojaa Precision, Technocrats Plasma top gainers
Investor appetite for SME offerings remained firm in August, even as companies accelerated fundraising ahead of tighter entry conditions and deadlines
Chinas planned $53.6 billion recapitalisation of state-owned insurers and banks could ease solvency pressures and strengthen insurers capacity to invest in equities. The move is expected to support balance sheets and potentially boost long-term stock investments, although investors remain cautious about dilution risks and the immediate impact on capital flows.
Why Systematix is bullish on Apollo Micro Systems after 47% YTD rally; check target price
Systematix initiated coverage of Apollo Micro Systems with a Buy rating and Rs 570 target, citing defence-system integration, a Rs 12,000-crore opportunity, capacity expansion, acquisitions and strong earnings growth, while flagging execution, working-capital and tender-related risks.
Fairfax to exit IIFL Finance before likely IDBI Bank deal
Fairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The Canadian firm is in talks with private equity firms for this potential sale. This transaction is part of a larger strategy for the Indian banking sector. The company aims to consolidate its Indian lending investments after the acquisition.
From 110 kmph hydrogen runs to 200 sleeper rakes: A blueprint for Indian Railways next-gen fleet
Unlike conventional electric trains that draw power from overhead lines, the Hydrogen Fuel Cell Trainset generates electricity on board through a chemical reaction between hydrogen and oxygen, with water vapour and heat as its only by-product.
8th Pay Commission Chennai visit starts today: 5 key updates for central employees and pensioners
8th Pay Commission's Chennai consultation began on September 7 2026, covering fitment factor, salary, and pension reforms. No official fitment factor confirmed yet. Next stops: Puducherry (September 9), Chandigarh (September 16-18), Bengaluru (October 7-8).
Nifty trades below 23,800 level; realty share decline
At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 395.60 points or 0.52% to 76,119.83. The Nifty 50 index lost 114.50 points or 0.48% to 23,783.20.
Sai Capital Ltd leads losers in 'B' group
Shri Krishna Devcon Ltd, Bharat Global Developers Ltd, ICDS Ltd and Kanco Tea & Industries Ltd are among the other losers in the BSE's 'B' group today, 07 September 2026.
The Supreme Court protected the pension and retiral benefits of a municipal engineer whose ST certificate was invalidated after more than three decades of service. The court used Article 142 to grant limited relief while making clear that his ST status was not restored or validated.
Do you really need a credit card advisor? Heres when the fee may be worth it
Credit card advisors promise to maximize rewards, but fees can range from 399 to 1.5 lakh. When does the extra value justify the costand when are you better off doing it yourself?
Rake loading to power sector rises to 444 rakes on September 6, up 20% in four days
The dispatch trajectory recorded consecutive daily gains through the opening week of the month
An ETMutualFunds analysis reveals that 15 equity mutual funds multiplied lumpsum investments by over 4.3 times in seven years. Small cap and mid cap schemes dominated the performance list, led by Quant Small Cap Fund, which delivered a 7.75x return alongside strong growth across flexi cap and ELSS categories.
