30 C 
Deluge of FCNR dollars leaves banks with a problem of plenty
Indian banks are rushing to raise funds before the RBI closes the FCNR(B) scheme early, leading to deployment challenges and potential negative carry for some lenders.
General Atlantic sells 8.75% stake in KFin Technologies for 1,400 crore
The transaction saw several domestic and global institutional investors participate, while the companys shares ended higher on Thursday.
US stocks: US market sinks as bond yields rise, Walmart results disappoint
The S&P 500 consumer discretionary sector was one of the biggest drags on the benchmark index, with megacaps including Amazon and Tesla among its biggest index-point weights. Big percentage decliners included Royal Caribbean Group and Carnival Corp, which are sensitive to fuel prices.
Protection, annuity more relevant in insurance products: Sumit Madan, MD & CEO, Axis Max Life
While things are changing, insurance is still seen as a bit of a savings and tax product. We are focusing on making protection and annuity more relevant across proprietary and partnership channels, where we are looking at growth of 15% or 16%. The discussion is around protection rather than just premium. We've started focusing very sharply on the young Indian middle clas, says Sumit Madan.
Niva Bupa, Acko General Insurance barred from opening places of biz for 6 months
Niva Bupa's allowable expense for FY25 was Rs 2,403.75 crore, while its actual expenses stood at Rs 2,652.12 crore, exceeding the limit by Rs 248.37 crore, according to the regulator's order. Irdai has prescribed limits to ensure insurers control management and operating costs so that a reasonable portion of premiums collected from policyholders is available for providing insurance cover and settling claims.
Rate reset clause in overseas loan pact helps Shriram Finance cut costs
The upgrade helped Shriram, in which Japan's Mitsubishi UFJ Financial Group (MUFG) bought a significant stake, save 60-80 basis points on a $1.3-billion syndicated loan. One basis point is a hundredth of a percentage point. Managing director and CEO Parag Sharma expects such clauses to become more prevalent as growing focus on credit ratings is expected to determine the rates at which financiers raise money.
Local funds' share rises in private credit market: EY report
Private credit investments were broadly similar to the second half of 2025 levels of $3.4 billion, with refinancing, holding-company funding and acquisition financing serving as key drivers of activity. The growing share of domestic capital is one of the most significant developments in India's private credit market, Vishal Bansal, partner, debt and special situations, EY India, said.
Consumption funds have delivered widely different returns over the past three years, despite focusing on the same broad theme. Find out what drove this divergence, the role of stock selection, key sectors, and the risks investors should consider.
Shein targets September 1 for Hong Kong IPO: Report
Shein has set its Hong Kong initial public offering for September 1, a slight delay from earlier projections. The company's growth has slowed, and rising costs are impacting investor interest. Shein aims for a valuation between $26 billion and $27 billion, a considerable drop compared to its 2022 fundraising figures.
US Treasury's Bessent says upsized bond buybacks could increase further
US Treasury Secretary Scott Bessent has outlined a strategy to ramp up bond buybacks, aiming to enhance market liquidity and instill confidence in economic fundamentals. Simultaneously, a fiscal consolidation initiative is underway, targeting savings in the hundreds of billions. This year's deficit has been exacerbated by refunds of illegal tariffs, while newly imposed tariffs and changes in tax laws are expected to significantly influence future revenue streams.
St. Louis Fed's Musalem says on CNBC he won't prejudge rate call view for September FOMC
St. Louis Fed President Alberto Musalem has stated that maintaining higher interest rates is still appropriate due to ongoing inflationary pressures, which remain above the central bank's target of two percent. He prefers a steady approach to rate hikes rather than sudden changes, emphasizing the need for a careful evaluation ahead of the September meeting of the Federal Open Market Committee.
RBI board rejig cuts strength to 11; Somanath, Mahindra appointed
Former Isro chief Somanath Sreedhara Panicker joins the RBI board of directors, while Anand Mahindra gets another four-year term
Bitcoin and Dogecoin have emerged as the most popular crypto pairing among Indian investors across age groups, according to a report. While younger investors are driving new participation, older investors display stronger buying conviction and greater portfolio diversification.
Joint FCNR (B) accounts for NRIs: Eligibility, mode of operations and key rules explained
NRIs are permitted to open and maintain FCNR(B) accounts jointly with eligible resident relatives, subject to certain conditions.
SEBI curbs cool F&O participation by 20%, but traders still lose 91,685 crore
Active individual traders fall 20 per cent in FY26, first decline since FY16; average loss per trader rises 2.4 per cent
Augmont Enterprises secured Rs 246.3 crore from anchor investors before its upcoming IPO. The company will open its initial public offering for subscription on August 21. Augmont Enterprises plans to use fresh issue proceeds for working capital and inventory. The IPO comprises a fresh issue and an offer for sale component. Shares are scheduled to list on the NSE and BSE on August 31.
Gold loan jewellery stolen from bank? Consumer court ruling explains your compensation rights
A Karnataka consumer commission has ruled that if gold jewellery pledged for a loan is stolen from a bank, the lender must compensate for the gold value, making charges and stone value. Canara Bank was ordered to pay 88,362 with 9% interest, plus compensation.
In 2026, planning for a child's education fund is complex due to shifting career paths. Experts advise creating flexible investment structures.
Income Tax Returns (ITRs) are essential for lenders to assess borrowers' financial stability. Taxpayers should monitor communications from the Income Tax Department post-deadline for any discrepancies in filings. While minor errors can be resolved, serious issues may lead to scrutiny.
HDFC Bank returns to dollar bond market, eyes at least $1 billion issue
India's largest private sector lender seeks to tap three- and five-year bonds in its second dollar issuance in two months, as banks capitalise on RBI's concessional swap window
UPI adoption accelerates in capital markets, led by brokers and rising retail participation
Validated UPI framework powers 3.24 lakh crore in capital market transactions, brokers dominate activity
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities snapped a seven-session losing streak as falling US bond yields, short-covering and stronger sentiment lifted markets. Sensex surged 628 points and Nifty gained 154 points. Analysts remained cautious, citing elevated crude prices and geopolitical risks despite improving technical momentum.
F&O trading bill: Retail traders pay Rs 25,000 crore transaction costs in FY26 despite big losses
Retail traders paid around Rs 25,000 crore in F&O transaction costs during FY26, while nearly 88% incurred losses. Aggregate losses reached Rs 91,685 crore, with options accounting for 92%. Active traders fell sharply, while near-expiry trading remained highly concentrated.
The RBI has cut short the deadline for its special FCNR(B) deposit swap facility to 31 August from 30 September. With the window closing soon, NRIs need to weigh the potential benefits of higher foreign currency returns against the lock-in and liquidity considerations.
Urban co-operative banks may be limited in size but face risks far beyond their physical footprint, RBI Deputy Governor Swaminathan J said. He flagged cyber threats, digital fraud and dependence on external service providers as key vulnerabilities, urging stronger safeguards, continuity planning and shared infrastructure to bolster UCBs resilience.
Consistency beats quick fixes 5 simple habits to build a bulletproof credit score
Credit score assessment relies heavily on four pillars: your track record of repaying debts, the proportion of available funds you currently use, the longevity of your active accounts, and the frequency of your recent loan applications.
Retail F&O boom hits reverse gear as active trader base falls 18% in FY26: Sebi
SEBI found individual equity derivatives traders fell 18% to 88 lakh in FY26, the first annual decline in over a decade. Yet 87.7% still lost money, collectively losing Rs 91,685 crore, with options accounting for 92% of losses.
Market Trading Guide: GMR Airports among 2 stock recommendations for Friday
Analysts recommend GMR Airports and Bajaj Consumer Care for Friday, citing technical strength, supportive retracement levels and improving momentum. GMR Airports has a target of Rs 112, while Bajaj Consumer Care targets Rs 540, with stop-losses at Rs 98 and Rs 480.
India open to buying Venezuelan oil till US sanction exemption continues: Sources
Refiners to keep a keen eye on long distance freight costs, heavier crude processing costs to ensure economic feasibility
Active derivatives traders fall 18% in FY26 to 8.75 million: Sebi study
Individual traders' aggregate net losses declined 18 per cent to Rs 91,685 crore, but the average net loss per trader rose 2.4 per cent to Rs 1.17 lakh in FY26
Axis Direct data reveals a 53% rise in Gen Z investors aged 18-30, with significant growth in Tier-2 cities. Women now represent 13% of new additions.
Don't fear global liquidity integration, strengthen oversight instead: RBIs Rohit Jain
The RBI deputy governor called on banks to fix retail forex pricing, boost participation among smaller firms, and embrace digital workflows while managing risks in an integrated market.
HDFC Bank raises record $1.75 billion in overseas bond sale
HDFC Bank raised a record $1.75 billion through three- and five-year dollar bonds, marking the largest debt capital market raise by an Indian financial institution. Strong investor demand generated over $7 billion in bids, enabling tighter pricing and supporting FCNR(B) deposit funding.
The firm is set to be acquired by Indo Borax, which seeks to diversify beyond its core boron-based chemicals business
India permits import of 1 million tonne raw sugar duty-free
Permission under TRQ as domestic prices soar to record high of 55.70 a kg in New Delhi
Gold reclaims momentum as US Treasury move sparks bullion rush, gains 2% in a day
US Treasurys expanded bond-buyback programme fuels safe-haven demand, lifting gold and silver prices and raising festive-season costs
US stocks: Crypto shares climb after Trump advocates for Clarity Act
Cryptocurrency stocks experienced a significant uptick following President Trump's appeal to Congress for digital asset legislation. He emphasized the need for a refined version of the Clarity Act, aiming to delineate digital assets as either securities or commodities for better regulatory oversight. Major cryptocurrencies like Bitcoin and Ether responded positively, and the crypto exchange Coinbase also saw a rise. Many industry experts agree this legislation is vital for regulatory clarity.
Claiming HRA along with home loan benefits is allowed in certain situations, but mismatches in rent, property status, or loan details can attract tax notices. Heres what taxpayers should know about location rules, eligibility, and documentation.
Fintech firm smallcase Technologies has introduced CASE Platforms as its new corporate identity. This new identity will unify its diverse portfolio of investment products and platform businesses. The mutual fund business, a joint venture with Zerodha, will now be known as Zerodha CASE Mutual Fund. CASE Platforms aims to help individual investors access the right financial products and tools.
Walmart shares fall 8% as Q2 results flag risks of rising inventory
Walmart shares fell 8% despite strong second-quarter results, with revenue rising 5.9%, e-commerce sales jumping 23% and operating income increasing 28.8%. Investors focused on tariff refund benefits and a 6.7% increase in global inventory, raising concerns over underlying performance.
Oil rises to 3-week high as Iran war impasse fuels Middle East supply concerns
Oil prices climbed to three-week highs as uncertainty over the Iran conflict and Strait of Hormuz disruptions raised supply concerns. Brent rose 2.39% to $93.81, while WTI gained 2.89%. Both benchmarks headed for fifth consecutive sessions of gains.
SEBI allows digitally signed Power of Attorney for foreign portfolio investors
The market regulator has introduced a digital documentation option aimed at making overseas investment access to Indian markets faster and more efficient
Six stocks from the BSE Financial Services Index hit fresh 52-week highs as the Sensex surged 628 points. Tourism Finance led with a 59% monthly gain, followed by Karnataka Bank at 21%, while four others posted gains of 4%-10%.
How to find the best mortgage: Compare home loan rates of leading Indian banks
State-backed lenders often provide competitive interest terms based on loan brackets. Bank of Maharashtra offers interest rates ranging from 7.00% to 9.90%, while the rates at Central Bank of India range between 7.00% and 9.15%.
SEBI, RBI working on bond tokenisation project; pilot to test faster settlement
WTM Amarjeet Singh says the project will examine simultaneous transfer of securities and automated coupon payments; consultation on a wider bond distribution framework soon
Nifty snaps 7-day losing streak as US Treasury move eases yield pressure
Sensex rises 628 points and Nifty gains 154 points as easing US bond-yield pressure lifts sentiment, though elevated crude prices and geopolitical risks remain key headwinds
US stocks: US market opens lower as bond yields climb
Major US stock indexes opened lower on Thursday. Rising government bond yields hurt investor sentiment significantly. Retail giant Walmart reported a rare sales miss, disappointing many. The Dow Jones Industrial Average fell 81.8 points at the open. The S&P 500 and Nasdaq Composite also experienced declines.
Keralam gold jewellery trade bets big on Onam sales
KGSMA has estimated that gold jewellery sales could cross 10,000 crore in value
Private credit deals drop 61 pc to USD 3.5 bn in H1 2026: Report
Private credit deployments saw a sharp 61 percent drop in early 2026. This decline occurred amid a volatile macro economic environment and shifting fund dynamics. Domestic funds led nearly three-fourths of the deployments during this period. Real estate remained a favored investment sector for private credit funds. Regulatory changes and bank credit growth also influenced private credit volumes.
Seven-session slump snaps as Nifty finds floor at 24,000
The Nifty 50 closed at 24,231.85, up 153.55 points or 0.64%, while the Sensex gained 628.04 points or 0.82% to settle at 77,537.72
Income Plus Arbitrage FoFs combine debt and arbitrage strategies, but their tax treatment can differ from that of debt funds. For investors in higher tax brackets, this difference could affect the returns they ultimately take home. Find out why.
Credit cards now offer valuable perks like complimentary airport lounge access, which is becoming harder to obtain for free due to banks tightening policies. However, some cards still provide unlimited access without spending thresholds. Check details
Sunshine Pictures IPO hog the limelight with 106 times; Shankesh Jewellers 2.8x
Sunshine Pictures IPO drew strong category-wise demand, while Shankesh closed with 2.8 times subscription
Sebi unlocks digital POAs for FPIs, waives notarisation & apostillisation
SEBI now permits Foreign Portfolio Investors (FPIs) to submit digitally signed Power of Attorney documents, complying with the Information Technology Act, 2000. This initiative eliminates notarisation and apostillisation requirements, aiming to streamline onboarding and improve ease of doing business.
India bond yield curve flattens on central bank unpredictability, demand for long-term debt
Indian bond yields are experiencing a flattening trend as the central bank's policy adjustments begin to influence borrowing costs. The Reserve Bank of India has hinted at possible interest rate increases, prompting a rise in shorter-term yields. Meanwhile, robust demand from institutional investors is driving interest in longer-term government securities, aided by decreased state debt issuance, which influences the government's overall borrowing strategy and market expectations.
Investors dump India bonds after hawkish RBI minutes
Domestic bonds experienced mounting pressure after the Reserve Bank of India's recent policy minutes conveyed a hawkish tone. The escalation in oil prices further compounded this decline in bond values. Policymakers expressed a willingness to raise interest rates if inflation concerns arise, triggering fears of increased borrowing costs within the economy. Meanwhile, global bond markets grapple with a challenging inflation and interest rate forecast.
Sebi eases FPI onboarding by allowing digitally signed Power of Attorney
Sebi has streamlined the onboarding process for foreign portfolio investors by permitting the use of digitally signed power of attorney documents. This change eliminates the requirement for notarization and consularization, enhancing the ease of doing business for overseas investors. As part of its commitment to digital transformation, Sebi aims to simplify investor processes, with these new regulations set to take effect on August 20, 2026.
NSE said to plan trading of its shares on own platform
The proposed arrangement could reshape trading dynamics for the exchange operator while adding a new dimension to its closely watched public offering
Gautam Adanis big comeback: Adani Enterprises eyes Nifty crown
Filing ITR by 31 August? Know the right forms for taxpayers with business or professional income
With the 31 August ITR deadline approaching, business and professional taxpayers need to know which return applies to them and which supporting tax forms may be relevant. From ITR-3 and ITR-4 to TDS and audit-related forms, heres what to check before filing.
Gold rises 264 to 1.58 lakh/10g on weak US dollar
On the MCX, October gold futures rose by 264, or 0.17%, to 1,58,260 per 10 grams in a business turnover of 10,450 lots
Centre asks PSBs, IBA to standardise contract-farming loans in 6-12 months
The government seeks to improve value capture across the agricultural value chain and help farmers retain a larger share of the final consumer price.
Indian equities snapped a seven-session losing streak as Nifty gained 0.64% and Sensex surged 628 points, aided by relief in global bond yields. Market breadth turned positive, while analysts identified 24,100-24,000 as crucial support and 24,300 as immediate resistance.
Silver futures jump nearly 1% to 2.38 lakh/kg as US Treasury move boosts precious metals
On the Multi Commodity Exchange, the white metal for the September delivery climbed by 2,163, or nearly 1%, to 2,38,950 per 10 grams in a business turnover of 10,383 lots
Regulatory reforms and technology-led platforms are reshaping Indias debt markets, but deeper participation remains essential for sustainable corporate bond growth.
NPS can help gig workers, freelancers and self-employed individuals build a retirement corpus even when their monthly income fluctuates. Experts suggest saving a percentage of each payout, starting early and making larger contributions during stronger earning months.
Kerala gold jewellery trade bets big on Onam sales
KGSMA has estimated that gold jewellery sales could cross 10,000 crore in value
BSE shares fall over 3% from days high after report says NSE weighs trading shares on own platform
BSE shares fell over 3% from the days high after a report said NSE may seek permission to trade its shares on its own platform following its proposed IPO listing on BSE. The move could boost liquidity for NSE shares, while potentially shifting trading volumes and affecting BSEs market position.
Bitcoin surged 11% to a two-month high above $71,000, adding nearly $190 billion to the crypto market capitalisation. The rally followed renewed crypto support from Donald Trump, while strong ETF inflows and a sharp unwind of short positions further boosted sentiment. Ethereum and major altcoins also rallied.
Indian realty market remains divided amid affordability pressures and GCC-led commercial demand
The commercial real estate sector in India is witnessing robust demand for leasing and a decline in vacancy rates. Global Capability Centres are significantly contributing to office space absorption. Furthermore, flexible workspace operators are experiencing impressive revenue growth annually. This commercial vitality is advantageous for Real Estate Investment Trusts, which are enjoying appealing yields. Anticipated tax reforms also bolster the optimistic outlook for commercial properties.
Selling gold can incur capital gains tax as they are considered as a capital asset by the income tax department. Here's whether you can eliminate or reduce your tax liability by investing the proceeds into new gold jewellery.
Why the simplest investment advice Is the hardest to follow
Indian equity mutual fund inflows have fallen nearly 30% over two years despite no crash, illustrating why simple investing advice is intellectually easy but emotionally hard to follow.
Section 54F tax exemption with 2 houses? Steps to claim benefit after share sale explained
Section 54F exemption: Explore steps to claim tax benefit following share sale in case of 2 houses. Chartered accountant Mahesh Nyak answered how one can claim exemption through HUF transfer.
Indias family office wealth to grow 1.5x in three years as ultra-rich shift strategies: Report
Wealthy families in India are shifting their fortunes into advanced investment mechanisms, with family office assets expected to rise markedly in the coming three years. This growth is fueled by rising wealth levels and innovative investment approaches. Families are increasingly directing significant resources toward alternative assets and forward-looking industries. To optimize their operations, contemporary family offices are leveraging technology and adopting professional governance practices.
India's REIT sector has substantial room to grow: CareEdge Ratings
Indias REIT sector has significant room for expansion, with over 150 million sq ft of office space expected to become REIT-eligible by 2031, CareEdge Ratings said. Strong leasing demand, rising occupancy, healthy rental income growth and prudent leverage have kept listed REITs resilient, despite geopolitical tensions and elevated crude prices.
Webull stock surges: 5 things to know about its Q2 earnings
Webull shares surged in after-hours trading after the brokerage reported record Q2 2026 revenue of $198.8 million, up 51% year-on-year, while adjusted operating profit jumped 169%. Record equity and options trading volumes, higher customer assets and the removal of the PDT rule drove the strong performance.
Global Market: Japanese government bonds rally as US Treasury action calms global debt markets
Japanese government bonds rallied on Thursday as a US Treasury move to boost liquidity support for longer-dated debt eased pressure across global bond markets. Long-term JGB yields fell, while strong demand at a 20-year bond auction offered further support. Investors, however, remained cautious over inflation, oil prices and debt levels.
Investors with a large corpus can either invest it in equity at once or stagger the deployment through a six-month STP. FundsIndias 25-year Nifty 50 data shows that lumpsum had a modest edge in the medium term, but the return gap narrowed over longer periods.
MCX shares jump 4% as gold, silver futures rise. What lies ahead after a 900% rally in 3 years?
MCX shares jumped over 4% as gold, silver and copper futures rose following a US Treasury liquidity support announcement. The stock has delivered stellar returns of around 900% in three years. UBS upgraded MCX to Buy and raised its target to Rs 3,800, while HDFC Securities retained its Buy rating, citing regulatory easing and strong growth potential
Individual investors also reduced their allocation to Nifty 50 stocks during the quarter. Their allocation fell by 3.1% from the previous quarter to a record low of 33.4%
Zaggle Prepaid shares jump 3% , extend 3-day rally to 16%. What's driving the rally?
Zaggle Prepaid Ocean Services shares rose on Thursday, extending their three-day rally to 16% after Vijay Kedia-backed Kedia Securities acquired 20 lakh shares worth nearly Rs 33 crore. The stocks sharp rebound comes days after it plunged 20% following a weak Q1FY27 earnings report.
India's family office ecosystem is poised for significant growth, with assets estimated at 70,000 crore in 2024 and projected to grow 1.5 times in three years. Here's a list of investment avenues that are gaining traction among the country's richest families.
Young women aged 18-30 are also account for a larger share of new investors. Their contribution to total new customer additions increased to 13% in FY26 from 6% in FY22
IT stocks extend gains for second day; Coforge, Infosys, Persistent Systems rise up to 3%
IT stocks extended gains for the second straight session, with Coforge and Persistent Systems leading the rally. Infosys, Wipro, TCS and Tech Mahindra also traded higher, lifting the Nifty IT index nearly 2%. The rally was driven by value buying amid a weaker rupee, with Indian IT stocks continuing to outperform global tech peers.
'Noel Tata May Want To Appoint Somebody'
'whom he believes in ... or whom he has faith in. But we don't know whether that person will be competent or not. This will lead to a lot of uncertainty in the minds of investors and shareholders of the Tata group companies.'
Board of NHC Foods to consider fund raising options
On 25 August 2026
NSE may allow its shares to trade on its own platform after BSE listing
The proposal was discussed with global investors during IPO roadshows and could pave the way for NSE shares to enter its benchmark indexes
