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Beyond the chatbots: The AI race in banking will be won in the back office
Indias next financial advantage will depend on whether its institutions can move beyond generic tools and embed intelligence into their core decisions.
India's house price growth slows to 3.6% in Q1 FY27: RBI
In the first quarter of this year, the growth rate of house prices in India decelerated to 3.6 percent compared to the previous year, down from 4.5 percent in the last quarter. However, there was a quarterly increase of 1.1 percent in the All-India House Price Index, primarily thanks to notable contributions from cities like Chandigarh and Lucknow. This trend signifies a general slowing of annual price growth by June.
SoftBank pares nearly 2.6% stake in Lenskart for Rs 2,888 crore
SoftBank Group has sold a 2.6% stake in Lenskart for Rs 2,888 crore. This transaction reduced SoftBank's holding to 7.28% from 9.86%. Abu Dhabi Investment Authority's Platinum Jasmine Trust remains Lenskart's largest public shareholder. Many institutional investors, both domestic and foreign, participated in the block deal. Lenskart Solutions shares closed slightly lower on the BSE after the transaction.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities ended lower after erasing early gains, with Sensex falling 172 points and Nifty 33 points. Rising bond yields, Iran sanctions uncertainty and weak Asian markets pressured sentiment. Metals outperformed, while banking stocks lagged. Analysts expect Tuesday volatility.
Market Trading Guide: Siemens among 2 stock recommendations for Tuesday
Indian equities remained weak amid soft Asian markets, with large caps and PSU banks under pressure as bond yields rose. Metals outperformed. Analysts recommended Siemens and Engineers India, citing strong breakouts, positive momentum and potential upside despite geopolitical risks.
Y Combinator-linked entities sold 4.85 crore Meesho shares worth Rs 970 crore through block deals at Rs 200.01 apiece. Institutional buyers including Nippon India Mutual Fund, HDFC Life, Morgan Stanley, Goldman Sachs and Citigroup acquired significant stakes.
Sebi to introduce IT Resilience Index for market infra institutions
Markets regulator Sebi on Monday decided to introduce an IT Resilience Index (ITRI) to assess the functioning and resilience of information technology systems of market infrastructure institutions (MIIs), including stock exchanges, depositories and clearing corporations. The move is aimed at strengthening oversight of the resilience of IT systems and identifying emerging weaknesses at an early stage, so that timely corrective measures can be taken. Under the framework, the ITRI will be computed using a uniform set of nine parameters, each carrying a specific weightage to ensure comparability across MIIs, Sebi said in its circular. Availability and security will carry the highest weightage of 20 per cent each, followed by integrity, governance, reliability and monitoring, business continuity, and modularity and flexibility at 10 per cent each. Scalability and other aspects, including incident handling, will account for the remaining 5 per cent each. Sebi said MIIs will also develop
ISMA blames speculation for sugar price surge, seeks tightening of stock limit
The industry body has also demanded that the stockholding limit on traders, currently 400 tonnes, should be brought down to 200 tonnes
BSE waives off AP registration fee in commodity derivatives, EGR till September 28
The waiver will also be available to existing APs of the Exchange seeking registration in the Commodity Derivatives and Electronic Gold Receipt segments
Indian farmers cover 96% of the normal Kharif area as planting window closes
Deficit in sowing of all crops shrinks to 0.3% as coverage picked up last week, with sowing increasing to 40 lakh hectares
ICICI raises $1 billion, Union Bank $600 million through dollar bonds
ICICI Bank raised $1 billion through a five-year private dollar bond, while Union Bank of India secured $600 million in its first international dollar issue in over a decade, benefiting from RBIs special swap window. UCO Bank also approved a $1 billion programme.
Fino Payments Bank board extends tenure of interim CEO by another three months
Fino Payments Bank's board approved an interim CEO tenure extension. Ketan Merchant's role as interim MD and CEO will continue. This extension requires approval from the Reserve Bank of India. Merchant took charge after Rishi Gupta's arrest in February. Gupta faced allegations related to GST law violations.
Taxpayers filing ITR-3 or ITR-4 should carefully review key schedules and reconcile income, turnover, and TDS to avoid common filing errors. Here are the key schedules, documents, and changes to know for AY 2026-27.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%. The sale offers a discount to market price amid strong quarterly earnings and expansion plans.
Positive investments in gold ETFs continue for the fifth week in a row
US and UK lead the trend as investors find the current price of over $4,600 an ounce attractive
PFC withdraws three-year bond issue as yields remain elevated in market
The state-owned lender raised 2,500 crore through a 15-year bond at a 7.55 per cent cut-off coupon, but withdrew its three-year issue after receiving bids at higher yields
Indian employees abroad and foreign nationals in India face different provident fund rules from those of regular EPF members. International Workers are defined as those in countries with social security agreements.
US stocks today:US stocks open lower as high-stakes Iran, inflation tests loom
US stocks opened lower on Monday as investors weighed rising US-Iran tensions and awaited Nvidias quarterly results. The Dow, S&P 500 and Nasdaq fell at the open, while markets also focused on upcoming inflation data. Investors are assessing geopolitical risks, AI valuations and the outlook for interest rates.
Premature withdrawal from post office schemes Senior Citizens Saving Scheme, Public Provident Fund, Sukanya Samriddhi Yojana, Monthly Income Scheme and Kisan Vikas Patra can cost more than you think. We explain
Iran's currency rial hits record low as US plans more sanctions
Iran's currency has plummeted to a staggering 2.02 million rials against the US dollar, reflecting deepening economic strain as Washington gears up for more sanctions. The rial's decline is fueled by persistent sanctions and a naval blockade, exacerbated by double-digit inflation and negative growth. The ongoing conflict, now nearing six months, has further devastated an already fragile economy.
From trades to balance sheets, Sebi widens its AI-powered surveillance net
The market regulator plans to use a dedicated AI model to track quarterly results and flag financial misstatements and manipulation without waiting for investor complaints
Iran shadow looms over Dalal Street as Nifty ends in red
The session underscored how a faraway geopolitical flashpoint can dominate trading on Dalal Street when energy prices are already elevated
Lenskart Solutions among 4 stocks to hit 52-week highs & surge up to 20% in a month
The Sensex fell 172 points on Monday, but four BSE 200 stocks bucked the broader market weakness to hit fresh 52-week highs. Lenskart Solutions, Siemens, AU Small Finance Bank and United Spirits showed strong investor interest and recent gains.
Physical AI startup WATER raises $2.5 million
Teja Vinukollu said the funding will support WATERs continued technical validation, including proving how its models understanding transfers across products and users
Paluck Technologies to raise 33 crore via IPO on BSE SME
The company will issue 68.76 lakh equity shares in the price band of 46 - 48 per share; the issue will open for subscription on August 28
SAT dismisses Ketan Parekhs appeal to cross-examine Capital Group traders
Tribunal says Parekh can challenge SEBIs final order over material used against him, if any
SEBI has introduced an IT Resilience Index for market infrastructure institutions to strengthen critical systems, cybersecurity and operational continuity. The 100-point framework will assess nine parameters twice yearly, with early-warning mechanisms and real-time monitoring required by February 2027.
Global Markets: Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO
Shein is set to launch its Hong Kong IPO with an ambitious goal of raising up to $1.8 billion. However, the company's valuation has plummeted to about 70% below its highs in private markets. Investor appetite is being hampered by slower growth and increased competition. In the offering, cornerstone investors will secure $383 million in shares. Trading is scheduled to start on September 1, amidst rising challenges.
Does the best day to start an SIP really matter? A 30-year Sensex study says barely
A 30-year analysis of the BSE Sensex TRI compares SIP investments made on the best, worst and 15th day of every month. The study examines how the choice of monthly investment date influenced annualised returns and the performance of monthly SIPs over the period.
Your ESOPs may be worth 1 crore. But how much will you actually take home? | ESOP cash out explained
Your ESOPs may show a 1 crore value, but the amount you actually pocket can be much lower. Heres how exercise price, ESOP tax, holding period and sale value can affect your final take-home.
Opted for new tax regime? Why income below 12 lakh can still trigger a demand notice
The income tax regime chosen, the nature of the income and, crucially, compliance with the prescribed procedure can all affect the final outcome.
The UPI ecosystem in India is set for further transformation, driven by the government's commitment to expand the user base and support financial inclusion, as it marks a decade of significant growth in transactions and banking participation.
Elan group ropes in Marriott International to manage upcoming hotel, branded homes in Gurugram
In an exciting development, Elan Group has teamed up with Marriott International to enhance Gurugram's skyline with the upcoming JW Marriott Hotel and JW Marriott Residences. Elan Group will take charge of the development, while Marriott Hotels India is set to manage both properties. This strategic alliance is geared towards delivering unmatched hospitality and exceptional services, elevating living and staying standards for future guests.
India plans first tokenised bond issue in September: Report
India is set to roll out tokenised corporate bonds next month, utilizing blockchain technology to facilitate immediate transaction settlements. The state-owned REC will be at the forefront of issuing these innovative bonds, which will require investors to possess both digital currency and securities wallets. This initial phase is designed for a limited number of selected investors, showcasing the potential of modern financial practices.
The ITR-4 deadline is approaching for taxpayers using presumptive taxation. Sections 44AD, 44ADA and 44AE offer simplified tax rules for eligible businesses, professionals and goods-carriage operators. Heres who can opt, the income limits and key conditions to know.
Indian benchmark indices ended lower on Monday, with the Sensex falling 172 points and the Nifty declining 33 points as early gains faded. Broader markets were mixed, while metal stocks outperformed. JSW Steel, Hindalco and Tata Steel led Nifty gainers, whereas SBI Life, Bajaj Finance and Adani Ports declined.
Is it possible to reach his 10 crore goal in 15 years simply with SIPs? Check out the simple calculations behind the investment strategy.
Mint Explainer | Can India build a homegrown smartphone brand?
Though India is one of the worlds top destinations for smartphone assembly after China, and alongside Vietnam, Thailand and Malaysia, the countrys own brands could never make it over the past decade. Is a major homegrown phone feasible in the country?
Rupee falls 3 paise to close at 95.74 against US dollar
The rupee opened at 95.65, then touched an intraday high of 95.64 and a low of 95.75 and finally settled for the day at 95.74 (provisional) against the greenback
Having multiple health insurance policies can help cover a hospital bill when one policy falls short. Here is how insurers coordinate claims, which policy pays first and how much you can actually receive.
UAN explained: What is a Universal Account Number and why does it matter for salaried employees?
The Universal Account Number is a 12-digit EPFO identifier that links an employees PF member IDs across jobs. Check how UAN simplifies EPF management, enables online access to PF balances, passbooks, transfers and claims, and helps employees maintain accurate, secure retirement records.
Citigroup, Axis Bank team up to leverage NRI deposits and boost dollar inflows
Under the arrangement, Axis Bank will issue standby letters of credit to support financing provided by Citigroup through its offshore operations
Global Markets | Japan's Nikkei weighed down by AI stocks ahead of Nvidia earnings
The Nikkei share average in Japan experienced a downturn as stocks related to artificial intelligence faced mounting pressure due to inflation concerns and geopolitical uncertainties in the Middle East. While chip-making firms such as Tokyo Electron reported gains, other AI companies struggled. Anticipation builds around potential interest rate hikes from the Bank of Japan, with Nvidia's forthcoming earnings report seen as pivotal for the tech sector.
Interventions hold rupee on narrow leash, traders await US sanctions on Iran
The Indian rupee showed little movement on Monday, remaining steady in a limited range due to ongoing central bank actions. Market participants are keenly observing potential U.S. sanctions on Iran, while the continuing conflict in the Middle East poses risks to oil prices and India's import reliance. Meanwhile, the dollar index gained strength, contrasting with declines in most Asian currencies and regional equities.
Bitcoin surges 22% in a week, climbs to nearly $78K as US Treasury bond-buying plan boosts sentiment
Bitcoin surged nearly 22% over the past week, trading near $78,000 on Monday, as the US Treasurys bond-buying plan boosted market sentiment. Bitcoin was last at $76,896. Ethereum gained 1.37% over 24 hours, while Bitcoin rose 0.90%. Among major altcoins, BNB, Solana, Tron and Cardano advanced up to 0.90%, while XRP, Hyperliquid and Dogecoin climbed up to 1.96%.
Skyways Air Services IPO opens with 0.90x subscription on day 1
The Non-Institutional Investor (NII) category stood at 0.62 times, while Qualified Institutional Buyers (QIBs) trailed significantly at just 0.43 times their allotted quota of 84,32,000 shares
BLS International tumbles amid buzz of visa fraud; Co denies claims
BLS International Services slumped 11.37% to Rs 240.55 after media reports stated that the company has been drawn into a Spanish National Court investigation with links to alleged visa fraud network at Spain's consulate in Algiers.
Buzzing stocks: Ratnamani, Quadrant, Shanthi Gears zoom up to 42% in 2 days
In the past two trading days, Shanthi Gears zoomed 42% after Tube Investments of India acquired 2.06 million equity shares via block deal on Friday, August 21, 2026.
Godrej Industries Group signs MoU with Govt. of Haryana
Commits investment of Rs 20,000 cr and creation of 40K jobs in Haryana
Air passenger services see sharp spike, according to Service Producer Price Index
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ICRA upgrades ratings of iValue Infosolutions to 'A+/A1+' with 'stable' outlook
iValue Infosolutions said that the credit rating agency ICRA has upgraded the company's long-term rating to '[ICRA]A+ (Stable)' from '[ICRA]A (Stable)'.
Tempsens Instruments IPO booked 132x so far on final day; GMP at 107%
The 650-crore Tempsens Instruments IPO opened for bidding on August 20 and closes today, August 24. Investors can place bids till 5 pm.
MP Steel files IPO papers; plans Rs 95 crore fresh issue, 23.07 lakh-share OFS
MP Steel Limited has submitted its Draft Red Herring Prospectus (DRHP) to SEBI as it prepares for its initial public offering. The company aims to generate capital via a fresh issuance of shares and an offer for sale. The funds raised will go towards establishing a new billet manufacturing facility, thereby boosting its backward integration.
PPF, SSY, NSC, KVP, MIS or Time deposit: Which post office scheme saves the most tax?
Small savings schemes vary based on individual needs and tax situations. Notable options include PPF with 7.1% interest, SSY at 8.2%, and NSC at 7.7%, each with tax benefits, lock-in periods, and unique characteristics.
UPI Transaction Value soared from Rs 0.07 lakh crore in FY17 to Rs 314 lakh crore in FY26
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FIIs trim holdings in 11 midcap stocks over two quarters; shares fall up to 50% in 2026
FIIs reduced their holdings in around 51 BSE midcap companies during the March and June 2026 quarters. More than half of these stocks delivered negative returns in CY26, and several witnessed sharp declines of up to 50%.
India, US Equity Markets Less Attractive on FCF Yields
A Goldman Sachs report indicates that US and Indian equity markets are becoming less attractive due to lower free cash flow (FCF) yields as valuations rise, while European markets offer significantly higher yields. Concurrently, India's top-listed residential real estate developers experienced a moderation in pre-sales in Q1FY27, attributed to delayed project approvals, limited launches, and high year-ago bases, though underlying housing demand remains healthy.
UPI Marks 10 Years: A Digital Payments Success Story
The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.
Indias new capex cycle is being driven by cash-rich giants, HSBC India CEO Hitendra Dave says
India's corporate investment cycle now features financially stronger companies expanding capacity. These well-capitalized groups are using internal cash flows for growth and consolidation. This differs from the earlier debt-heavy boom which relied on bank financing. HSBC India's balance sheet is expanding significantly, crossing five lakh crore rupees. Global capital flows require fresh triggers like reforms or FDI announcements.
DJ Mediaprint & Logistics Ltd leads losers in 'B' group
Money Masters Leasing & Finance Ltd, KJMC Financial Services Ltd, Sambandam Spinning Mills Ltd and Rhetan TMT Ltd are among the other losers in the BSE's 'B' group today, 24 August 2026.
India 10-year bond yield clings to 6.85%; traders eye oil moves amid sanctions threat
Indian government bonds remained steady as traders awaited oil price movements. US sanctions on Iran could impact global crude prices significantly. Higher oil prices may fuel inflation and widen India's current account deficit. Reserve Bank of India policymakers are open to raising interest rates. Swap rates saw little activity after a substantial spike last week.
Skincare brand Be Clinical raises 21 cr in seed funding
The company plans to utilise the fresh capital to strengthen its research and development capabilities, expand the clinical skincare range
Magnum SIF by SBI Mutual Fund garners over Rs 1,100 crore in Equity Ex-Top 100 Long Short Fund NFO
SBI Mutual Funds Magnum Equity Ex-Top 100 Long Short Fund mobilised Rs 1,154 crore, the highest NFO collection in the Equity SIF category, highlighting rising investor interest in differentiated strategies.
Ratnamani Metals & Tubes arm wins export orders worth Rs 2,700 cr
Heranba Industries spurts as Q1 PAT rises 17.1% YoY
Heranba Industries jumped 9.53% to Rs 180.60 after the company reported an improvement in profitability in Q1 FY27, despite a decline in revenue.
PPF calculator: 1,000, 5,000 or 10,000 monthly investment can build this corpus in 15 years
PPF investment calculator: See how 1,000, 5,000 and 10,000 monthly investments could grow over 15 years at 7.1%. Check the PPF returns, tax benefits, contribution limits and long-term savings.
Crisil Ratings reaffirms ratings of Hirect at 'BBB/A2' with 'stable' outlook
Hirect (HRL) said that Crisil Ratings has reaffirmed its 'Crisil BBB+/Stable/Crisil A2' ratings on the bank facilities of the company.
Ajanta Pharma Ltd slips for fifth straight session
Ajanta Pharma Ltd is quoting at Rs 3582.5, down 1.57% on the day as on 13:19 IST on the NSE. The stock tumbled 13.45% in last one year as compared to a 3.18% slide in NIFTY and a 17.79% fall in the Nifty Pharma index.
Sun TV Network Ltd drops for fifth straight session
Sun TV Network Ltd is quoting at Rs 470.9, down 0.24% on the day as on 13:19 IST on the NSE. The stock tumbled 13.45% in last one year as compared to a 3.18% slide in NIFTY and a 1.13% fall in the Nifty Media index.
REC Ltd eases for fifth straight session
REC Ltd is quoting at Rs 324.6, down 0.63% on the day as on 13:19 IST on the NSE. The stock tumbled 13.45% in last one year as compared to a 3.18% slide in NIFTY and a 0.73% fall in the Nifty Financial Services index.
Bharat Heavy Electricals Ltd slips for fifth straight session
Bharat Heavy Electricals Ltd is quoting at Rs 410.2, down 0.68% on the day as on 13:19 IST on the NSE. The stock jumped 89.46% in last one year as compared to a 3.18% slide in NIFTY and a 10.91% spurt in the Nifty Energy index.
BLS International Services tanks 13% on huge volume, nears 52-week low
Till 01:38 PM on Monday, a combined 20.92 million equity shares representing 5 per cent of the total equity of BLS International changed hands on the NSE and BSE.
Going abroad? Your EPF rules may change if you are an International Worker
Working abroad or hiring a foreign national in India? EPFOs International Worker rules can change how much you contribute, when you can withdraw EPF and how social-security benefits work.
BSE shares: Prabhudas Lilladher cuts target price to Rs 4,025 as CAS hits derivatives volumes
Prabhudas Lilladher retained its Buy rating on BSE but lowered the target price to Rs 4,025 from Rs 4,850, citing a slowdown in derivatives volumes after the implementation of the Closing Auction Session (CAS). The brokerage also flagged tighter bank-guarantee norms and higher STT as near-term headwinds, while maintaining a positive long-term view on BSE.
Domestic silver futures rise to 2.46 lakh per kg
On MCX, the white metal for September delivery increased by 222, or 0.09% to 2,46,819 per kilogram in a business turnover of 3,748 lots.
Explained: What Oriental Hotels merger with IHCL means for shareholders
IHCL will merge Oriental Hotels into itself through an all-stock transaction, with Oriental Hotels shareholders set to receive 25 IHCL shares for every 117 shares held. The merger will bring seven hotels and 825 rooms into IHCLs standalone portfolio, while simplifying the group structure and creating operational and cost synergies.
Benchmarks hit fresh intraday low; Europe opens near flat line
The domestic equity benchmarks extended losses and hit fresh intraday lows in afternoon trade, weighed down by a lack of strong directional cues, continued FII selling and persistent tensions surrounding the US-Iran conflict. The Nifty traded below the 24,200 level. PSU Banks, Cement and FMCG shares declined while those of metals, IT and realty companies edged higher.
Siemens rallies 5%, hits new high in subdued market; what's driving stock?
Thus far in the financial year 2026-27, Siemens outperformed the market by soaring 40 per cent, against a 7.5 per cent rise in the BSE Sensex.
TVS Supply Chain share price zooms 16% in subdued market; here's why
The buying momentum came after the logistics solutions provider announced that it had signed a pact with Japan-based Sankyu Inc to collaborate across supply chain and engineering services.
Global Market: European shares edge lower as investors await Iran sanctions details
European shares edged lower on Monday as technology stocks came under pressure, while investors awaited US sanctions on Iran, Nvidias results and fresh clues on the Federal Reserves rate outlook.
Brahmaputra Infrastructure secures O&M contract for NH-502A corridor in Mizoram
Brahmaputra Infrastructure has formally executed and signed the agreement for the contract valued at Rs 70.18 crore awarded by the Ministry of Road Transport & Highways (MoRT&H) for operation and maintenance of NH-502A corridor including monsoon maintenance in the State of Mizoram
Caplin Point Lab declines after arm receives form-485 with 10 observations from USFDA
Caplin Point Laboratories fell 2.38% to Rs 2,497.25 after the company said that the USFDA conducted an unannounced inspection of its subsidiary Caplin Steriles' injectable and ophthalmic manufacturing facility at Gummidipoondi, Tamil Nadu.
Tata Power Co's renewables arm commissions 190.5 MW FDRE project in Rajasthan
Tata Power Company said that Tata Power Renewable Energy has commissioned its 190.5 MW solar FDRE project at Kalasar, Bikaner, Rajasthan, which is under the contractual capacity of 460 MW firm and dispatchable renewable energy (FDRE) project.
NMDC Ltd rises for third straight session
NMDC Ltd is quoting at Rs 85.91, up 1.54% on the day as on 12:49 IST on the NSE. The stock is up 21.55% in last one year as compared to a 3.13% slide in NIFTY and a 41.29% slide in the Nifty Metal index.
Hindustan Zinc Ltd rises for third consecutive session
Hindustan Zinc Ltd is quoting at Rs 609.6, up 2.47% on the day as on 12:49 IST on the NSE. The stock is up 40.23% in last one year as compared to a 3.13% drop in NIFTY and a 41.29% drop in the Nifty Metal index.
Prime Focus Ltd soars 2.68%, Gains for third straight session
Prime Focus Ltd is quoting at Rs 304.9, up 2.68% on the day as on 12:49 IST on the NSE. The stock is up 100.94% in last one year as compared to a 3.13% fall in NIFTY and a 0.75% fall in the Nifty Media index.
Muthoot Finance Ltd gains for third straight session
Muthoot Finance Ltd is quoting at Rs 3184.5, up 5.38% on the day as on 12:49 IST on the NSE. The stock is up 18.22% in last one year as compared to a 3.13% slide in NIFTY and a 0.65% slide in the Nifty Financial Services index.
Nava Ltd spurts 2.13%, gains for third straight session
Nava Ltd is quoting at Rs 570.85, up 2.13% on the day as on 12:49 IST on the NSE. The stock is down 15.06% in last one year as compared to a 3.13% spurt in NIFTY and a 10.94% spurt in the Nifty Energy index.
