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US stocks: S&P closes at record high as soft jobs report eases rate-hike concerns

The US stock market enjoyed a significant boost on Friday as the S

The Economic Times 8 Aug 2026 1:38 am

LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, MD, LIC

LIC said the governments 31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer will focus on growth, margins and distribution, while the government must raise public shareholding to 25% by 2032.

The Economic Times 8 Aug 2026 1:23 am

PFRDA approves four new pension funds, increasing total to 14 for NPS subscribers

The Pension Fund Regulatory and Development Authority has approved four new pension funds. This expansion aims to increase non-government NPS subscribers significantly over five years. Digital initiatives are expected to attract millions of new subscribers annually. PFRDA emphasises accessibility and simplified onboarding for broader pension coverage. Conservative schemes have delivered strong annual returns, building on past successes.

The Economic Times 8 Aug 2026 1:13 am

NBFC credit surges 14.4% to 59.3 lakh crore in June, retail loans lead growth: RBI data

Non-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 percent. Housing and vehicle loans, and gold jewellery loans showed robust growth. Credit to industry expanded by 6.7 percent, while services sector credit grew 17.6 percent. Agriculture and allied activities credit increased significantly by 17.9 percent.

The Economic Times 8 Aug 2026 1:03 am

Market cuts odds of Fed hike after jobs data, but economists still see case for tightening

The weak job report for July has tempered expectations surrounding a Federal Reserve rate increase. Consequently, futures markets now indicate a diminished probability of a rise in interest rates next month. Despite calls from several Fed officials for tighter monetary policy to counteract inflation, the economic community remains split on what lies ahead in rate decisions. The Federal Reserve is actively tracking inflation trends to shape its future policies.

The Economic Times 7 Aug 2026 11:50 pm

Dollar falls against yen, euro as weak US jobs data clouds Fed outlook

The US dollar weakened against major currencies on Friday. Unexpected job losses in July fueled economic concerns and clouded Fed rate outlook. The unemployment rate declined, but labor force participation hit a multi-year low.

The Economic Times 7 Aug 2026 11:34 pm

PhonePe launches fixed deposit distribution: Here's how to book FDs across banks, NBFCs using app Stepwise guide

PhonePe launches fixed deposit (FD) distribution allowing customers to compare and book high-yield fixed deposits with partner banks and NBFCs online. Here's a stepwise guide on how to book deposits using the app

Livemint 7 Aug 2026 10:46 pm

Would your family know where your money is? Why every investor needs a financial inventory

A Will and nominees alone may not be enough to help your family access your assets. Estate planning experts explain why every investor should maintain a financial inventory, what it should include, and how it can save loved ones time, confusion and legal hassles.

Livemint 7 Aug 2026 10:27 pm

What is the 3-6-9 rule you can use to build your emergency fund? Here's how to calculate the savings goal

Emergency fund: Today, we explain the 3-6-9 rule that salaried individuals and even those without stable income can use to build their savings for a rainy day or to safeguard against extenuating circumstances.

Livemint 7 Aug 2026 9:34 pm

Raymond Realty Q1 net profit falls 19 pc to Rs 13.43 cr on higher expenses

Raymond Realty experienced a 19% drop in profit for the quarter that ended in June, primarily due to increased operational costs that affected net earnings. Despite this, the total income rose to Rs 535.71 crore year-on-year. Moreover, the company reported impressive sales bookings of Rs 700 crore in the first quarter of FY27, representing a substantial increase from Rs 306 crore during the same period last year.

The Economic Times 7 Aug 2026 9:27 pm

Gold hits seven-week high as weak U.S. jobs data dents rate hike bets

Gold prices reached a seven-week high on Friday owing to surprising job losses in the United States that lowered the likelihood of upcoming rate hikes. This trend puts gold on track for its best weekly gain in seven months, as reduced interest rates boost its allure over yield-producing investments. Additionally, silver and platinum prices witnessed notable rises.

The Economic Times 7 Aug 2026 9:25 pm

OMCs began rigorous testing for E20 fuel contamination at pumps from Mid-July: Oil Minister

The Minister reveals that only 4 cases of contamination of E20 fuel was found

The Hindu Businessline 7 Aug 2026 9:19 pm

RBI rejects Religares demerger proposal

The regulator has not disclosed the specific reasons for rejecting the proposal

The Hindu Businessline 7 Aug 2026 9:16 pm

South Korean market meltdown barely ruffles India; IT stocks steal the show

The Nifty 50 closed at 23,985, down just 0.04%; Nifty IT index rallies 3.3%

The Hindu Businessline 7 Aug 2026 9:13 pm

PFRDA approves 4 new pension funds, total count rises to 14; targets 35-40 crore NPS subscribers in 5 years

Pension funds collect and invest money contributed by employees and employers to build a large financial pool with an endeavour to pay regular income streams to workers after they retire.

The Economic Times 7 Aug 2026 9:10 pm

Indian govt asks sugar dealers to hold maximum 400 tonnes stock till Nov

Centre mandates traders to liquidate excess stock by August 1 from when the order will come into force

The Hindu Businessline 7 Aug 2026 9:03 pm

Oil India Q1 profit nearly doubles to 4,027 crore on higher crude output and NRL performance

Higher crude production, stronger refinery performance and fresh exploration success boosted the companys financial and operational performance during the quarter.

The Hindu Businessline 7 Aug 2026 8:45 pm

HUL shares fall 7% as Q1 attributable profit drops 3% to 2,673 crore

Turnover grows to 17,184 crore, driven by 10% underlying sales growth and 5% volume growth

The Hindu Businessline 7 Aug 2026 8:39 pm

RBI proposes leverage ratio buffer for G-SIB branches

The Reserve Bank of India has proposed new leverage ratio requirements for banks. Globally systemic important banks will face a minimum 3.5% ratio plus a buffer. Domestic systemically important banks will continue with their 4% ratio mandate. Other commercial banks will maintain the existing 3.5% leverage ratio. These proposals align with the Basel Committee on Banking Supervision's framework.

The Economic Times 7 Aug 2026 8:16 pm

NSE proposes tighter oversight of authorised persons, stricter eligibility norms

Draft framework mandates higher qualifications, surveillance, biometric authentication and enhanced broker accountability to curb misconduct

The Hindu Businessline 7 Aug 2026 8:13 pm

BEL shares fall over 4% after Q1FY27 results, brokerages retain bullish view

The stock traded at 395 on the NSE at 9.56 am, after hitting a days low of 392.10, compared with the previous close of 407.15

The Hindu Businessline 7 Aug 2026 8:10 pm

R R Kabel shares gain on strong Q1 results; CLSA turns bullish

The company posted standalone PAT of 203.1 crore in Q1FY27, compared with 88.7 crore in Q1FY26.

The Hindu Businessline 7 Aug 2026 8:08 pm

Airbnb shares surge 15% to four-year high on raised forecast, AI gains

Airbnb shares surged nearly 15% after the company raised its annual revenue growth forecast, citing resilient global travel demand and AI-driven efficiency. Better-than-expected quarterly revenue and lower customer-support costs reinforced investor confidence despite ongoing Middle East tensions.

The Economic Times 7 Aug 2026 8:07 pm

Coforge shares jump 10% after Q1 profit rises 49% y-o-y

The stock hit a days high of 1,692.80 from the previous close of 1,528.40

The Hindu Businessline 7 Aug 2026 8:07 pm

Gov plans up to quarter of 2027 LPG imports from US, sources say

The world's third-biggest oil importer and consumer bought about 90% of its overall 21.85 million metric tons of LPG imports from the Middle East in 2025

The Hindu Businessline 7 Aug 2026 8:00 pm

Doximity shares soar 60% after CEO says its AI can outperform Anthropic

Doximity shares surged after the healthcare platform highlighted the strong performance of its clinical AI, overshadowing an earnings miss. Investors cheered its AI capabilities, positioning the company as a specialised healthcare AI player despite mixed quarterly financial results.

The Economic Times 7 Aug 2026 7:57 pm

Merchant discount rate on UPI: Will customers pay, who bears operating costs, why now, and other top FAQs answered

Merchant discount rate on UPI transactions: What is MDR, will customers have to pay, who bears operating costs, who invests in infrastructure, why are discussions happening now? Check top FAQs answered

Livemint 7 Aug 2026 7:52 pm

Loans against FCNR B deposits exempt from priority sector

The Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and NRE term deposits. This strategic shift ensures these loans will not factor into the mandatory priority sector lending requirements. Such measures have notably enhanced foreign exchange inflows. Additionally, there is a special facility available for banks to swap these deposits with the RBI.

The Economic Times 7 Aug 2026 7:49 pm

9 IPOs get Sebi approval as primary market pipeline gathers pace

Sebi has approved IPOs of nine companies spanning engineering, travel technology, gaming, drones, paper, renewable energy and digital platforms. The approvals strengthen Indias IPO pipeline, with firms including Laxyo, Garuda Aerospace, PlaySimple Games, Rediff.com and Jakson Green preparing to list.

The Economic Times 7 Aug 2026 7:49 pm

South Koreas KOSPI falls 11 % as China chip threat hits SK Hynix, Samsung

The selloff triggered sidecar trading curbs on the KOSPI and Kosdaq after SK Hynix plunged 10% and Samsung Electronics dropped more than 9%.

The Hindu Businessline 7 Aug 2026 7:44 pm

BTS & ARMY: Inside a self-sustaining global brand ecosystem | Overthinkers Anonymous | EP 01

Did BTS just rewrite the rules of marketing?

The Hindu Businessline 7 Aug 2026 7:42 pm

Keralam jewellers seek review of gold, silver import duty structure

Government data presented in Parliament indicate a sharp rise in gold and silver smuggling following the increase in import duty on the precious metals from 6% to 15%

The Hindu Businessline 7 Aug 2026 7:40 pm

Saudi Aramco considers new crude pricing for Asia as shipping costs rise

Rising freight expenses from longer export routes are prompting the worlds biggest oil exporter to reassess how additional logistics costs are shared with Asian crude buyers

The Hindu Businessline 7 Aug 2026 7:37 pm

NBFC gold jewellery loans jump 69 pc in June, fastest across segments: RBI data

Non-Banking Financial Company gold loans surged significantly by June 2026. Retail credit remained the primary driver for NBFC lending growth. Housing and vehicle loans also showed robust expansion during this period. Agriculture credit accelerated sharply, while industrial sector growth slowed down. Services sector lending moderated as trade and transport operators expanded credit slower.

The Economic Times 7 Aug 2026 7:36 pm

SBI Chairman Setty rules out asset quality stress in Q1, says seasonality distorts sequential NPAs

State Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupees, marking significant growth for the bank. Asset quality indicators showed marked improvement year-on-year, with GNPA declining. The bank maintained its full-year credit growth guidance at fourteen to fifteen percent. SBI is deploying Responsible AI Policy to enhance cybersecurity and operational efficiency.

The Economic Times 7 Aug 2026 7:33 pm

Sebi cuts inspection load for market intermediaries, shifts focus to risk-based checks

Sebi has overhauled its inspection framework, reducing FY27 inspections to about one-third of last years level. The regulator will prioritise risk-based, joint inspections using alerts, complaints and market intelligence while easing compliance burdens for well-governed market intermediaries.

The Economic Times 7 Aug 2026 7:32 pm

Silver futures decline to 2.17 lakh/kg

On MCX, silver contracts for September delivery declined by 3,576, or 1.62%, to 2,17,597 per kg in a business turnover of 1,716 lots.

The Hindu Businessline 7 Aug 2026 7:31 pm

SBI Q1 profit beats estimates on strong loan growth, asset quality

SBI reported a 10% rise in Q1 net profit to Rs 21,121 crore, beating estimates on robust loan growth and higher net interest income. Improved asset quality, lower bad-loan provisions and strong credit demand offset weaker treasury income and slightly lower margins.

The Economic Times 7 Aug 2026 7:23 pm

Gold futures decline to 1,41,850/10g

On MCX, yellow metal contracts for August delivery traded lower by 1,213, or 0.85%, at 1,41,850 per 10 grams in a business turnover of 759 lots.

The Hindu Businessline 7 Aug 2026 7:21 pm

US stocks: S&P, Nasdaq open higher as surprise payrolls fall quells rate-hike fears

US stock markets opened higher on Friday after unexpected job losses. The S&P 500 and Nasdaq saw gains at the opening bell. This economic data raised doubts about a September interest rate hike. The Dow Jones Industrial Average experienced a slight decline at the open. Markets reacted to the latest employment figures released by the government.

The Economic Times 7 Aug 2026 7:20 pm

Chip fears drag markets lower; IT stocks buck the trend

There was a global sell-off in semiconductor stocks, triggered by the blockbuster debut of China's CXMT on the Shanghai Star Market, where shares surged roughly 500 per cent,

The Hindu Businessline 7 Aug 2026 7:12 pm

Govt bonds rise as oil, US yields fall; state supply looms

Indias overnight index swaps declined further, tracking U.S. yields and oil prices. The one-year swap rate was down 1.75 bps at 5.87%, while the two-year rate fell 1.25 bps to 6.06%.

The Hindu Businessline 7 Aug 2026 7:12 pm

Oil slips, heads for weekly loss as Hormuz deal uncertainty persists

Oil prices declined as investors weighed prospects of reopening the Strait of Hormuz against persistent geopolitical risks. Markets also awaited US payrolls data, while uncertainty over Iran-related negotiations, shipping arrangements and regional security kept crude prices volatile despite easing supply concerns.

The Economic Times 7 Aug 2026 7:06 pm

Australia weighs first new oil refinery in over 60 years to strengthen energy security

Growing concerns over supply-chain disruptions and shrinking global fuel inventories have prompted Canberra to reassess its energy strategy, with policymakers seeking to bolster sovereign fuel capabilities and reduce the nations exposure to overseas market shocks

The Hindu Businessline 7 Aug 2026 7:01 pm

Crude oil futures fall on Trumps good talks comment on Iran

At 10.02 am on Tuesday, October Brent oil futures were at $84.94, down by 1.08%, and September crude oil futures on WTI were at $81.67, down by 1.14%

The Hindu Businessline 7 Aug 2026 7:00 pm

Japans Nikkei tumbles over 3% as chip stock selloff deepens after Wall Street decline

Market sentiment was also weighed down by a steep decline in South Koreas KOSPI, reflecting concerns over the global semiconductor sector.

The Hindu Businessline 7 Aug 2026 6:55 pm

Poonawalla Vision Fund invests 230 crore in Lohum Cleantech

The investment will support Lohums expansion in battery recycling, critical minerals and advanced materials amid rising demand driven by the global clean energy transition

The Hindu Businessline 7 Aug 2026 6:53 pm

IRDAI insurance reforms: IBAI chief Narendra Bharindwal explains how new initiatives protect policyholders

IBAI President Narendra Bharindwal described the insurance regulator's initiatives as a major milestone in enhancing accountability and protecting policyholders' interests.

Livemint 7 Aug 2026 6:51 pm

Brokers Call: Timken India (Add)

InCred Equities

The Hindu Businessline 7 Aug 2026 6:44 pm

Muthoot Microfin awaits RBI response before raising ECB

The Kochi-based microfinance company received sanction letters from overseas investors in January and it has time till September to draw down the funds.

The Economic Times 7 Aug 2026 6:37 pm

EPFO: UAN activation process moved to Umang app, here's how Stepwise guide and top FAQs answered

UAN activation through the EPFO portal has been deactivated and shifted to the Umang mobile app. Here's how employees provident fund subscribers can complete the process. We also answer some key FAQs

Livemint 7 Aug 2026 6:32 pm

Hitachi Energy India Q1 Results: Net profit rises over twofold to Rs 294 crore

Hitachi Energy India has displayed remarkable financial growth with a net profit soaring over 100% in the June quarter. The company reported a substantial increase in operational revenue compared to the previous year. With first-quarter orders reaching Rs 5,096.5 crore for FY27, the firm has achieved a record order backlog totaling Rs 32,222.1 crore, fueled by robust progress in energy transition and security sectors.

The Economic Times 7 Aug 2026 6:04 pm

Sebi streamlines market intermediaries inspection framework, cuts FY27 target to one-third

Sebi is introducing joint inspections by stock exchanges and depositories, along with a notable reduction in its inspection target for FY27. This strategy intends to enhance oversight while facilitating operations for intermediaries. Moreover, the practice of conducting repetitive annual inspections on compliant entities will cease, shifting focus to alert mechanisms, complaints, and market intelligence for more effective monitoring.

The Economic Times 7 Aug 2026 6:02 pm

Gold alone isn't enough for your daughters Streedhan. Wealth manager Aarti Gupta explains why

Wealth manager Aarti Gupta urged women to diversify beyond physical gold by building goal-based, multi-asset portfolios with SIPs, index funds and ETFs. She also advocated financial independence through personal bank accounts, emergency savings and shared household financial planning.

The Economic Times 7 Aug 2026 5:58 pm

BSE Index Services launches BSE REITs Index. Here's everything you need to know

BSE Index Services has launched the BSE REITs Index to track the performance of listed Real Estate Investment Trusts in India. The index comprises six REITs and has delivered an 18.54% one-year return on a total-return basis. Embassy Office Parks REIT has the highest weight at 32.18%.

The Economic Times 7 Aug 2026 5:53 pm

Market wrap: TCS, SBI, M&M, Trent among top gainers and losers on Nifty and Sensex on Friday

Indian equities ended lower as the Closing Auction Session continued creating divergence between Sensex and Nifty. Banking and financial stocks dragged benchmarks, while auto and IT outperformed. Analysts said Niftys 24,500 support remains crucial despite easing momentum and continued profit booking.

The Economic Times 7 Aug 2026 5:47 pm

Pay commission: Himachal Pradesh approves 78% salary hike for contract, trainee medical officers up to 60,000/month

Pay commission: The Himachal Pradesh government has approved a 78% salary hike for contract and trainee medical officers (specialists) up from 33,660 to 60,000 per month. CM Sukhvinder Singh Sukhu said healthcare and education are among the state's highest priorities. 

Livemint 7 Aug 2026 5:25 pm

RBIs draft NBFC lending norms drag Sensex, Nifty despite strong Q1 earnings

Financial stocks weakened after the RBIs draft proposals, while robust corporate earnings and resilient broader markets limited the benchmark indices decline.

The Hindu Businessline 7 Aug 2026 5:05 pm

Ola Electric Q1 Results: Loss narrows to Rs 336 crore; revenue falls 45% YoY

Ola Electric reported a narrower Q1 loss of Rs 336 crore as deliveries nearly doubled sequentially and revenue rebounded 72% from Q4. Improved market share, lower operating costs and progress in battery manufacturing supported the company's operational turnaround despite year-on-year revenue decline.

The Economic Times 7 Aug 2026 4:57 pm

Aurobindo Pharma among 8 stocks hitting 52-week highs; surge up to 20% in a month

Eight stocks from the BSE 200 index hit fresh 52-week highs, reaching their highest price levels in the past year, indicating strong investor interest, and potential upward momentum in the share price.

The Economic Times 7 Aug 2026 4:50 pm

Trump could net big tax windfall in crypto bill divestiture plan: Reports

A bipartisan proposal for cryptocurrency legislation could grant President Trump a tax advantage by allowing the deferral of capital gains taxes on his digital asset portfolio. This bill stipulates that the president must separate from crypto-related enterprises. Democrats emphasize ethical standards to secure their backing, while the Clarity Act seeks to clarify regulatory oversight of the cryptocurrency industry.

The Economic Times 7 Aug 2026 4:40 pm

Fossil Group is said to invite banks for India unit IPO

Fossil Group Inc. is exploring an initial public offering for its India business. This potential listing could raise as much as $300 million. The US-based company may sell up to a 25% stake in Fossil India. This move follows other multinationals seeking value from their Indian operations. The offering is anticipated to occur early in the coming year.

The Economic Times 7 Aug 2026 4:38 pm

Vikram Solar Q1 net profit declines 85 pc to Rs 20 cr

Vikram Solar experienced an astonishing 85 percent drop in profits for the June quarter, primarily attributable to increased expenses. On a positive note, the company's revenue from operations showed a healthy uptick during this period. In a strategic move, Vikram Solar has also greenlit the expansion of its wafer and ingot manufacturing facility, expected to be operational by fiscal year 2029.

The Economic Times 7 Aug 2026 4:38 pm

Lupin Q1 PAT rises 16 pc at Rs 1,417 cr

Lupin Ltd has reported a remarkable sixteen percent surge in profit after tax for the first quarter, showcasing their continued success. The firm experienced considerable growth in consolidated total revenue from operations, largely driven by a staggering forty-two percent increase in sales in the US market. Moreover, sales in India rose nearly fourteen percent, reflecting strong domestic demand.

The Economic Times 7 Aug 2026 4:36 pm

Stock markets decline dragged by banks, elevated crude oil prices

Tata Consultancy Services, Mahindra & Mahindra, State Bank of India, and Tech Mahindra were among the winners

The Hindu 7 Aug 2026 4:35 pm

Indias cultivable land declines, but gross area under crops increases

The total cultivable land across the country stood at 179.43 million hectares, while the gross cropped area has expanded to 225.19 million hectares

The Hindu Businessline 7 Aug 2026 4:33 pm

Premier Energies Q1 Result: Profit jumps 53% to Rs 472 crore

Premier Energies reported remarkable growth, with profits soaring more than 53% in the latest quarter. The uptick in revenue can be attributed to robust demand across vital business sectors. The company has made significant strides in enhancing manufacturing, particularly in solar cells and modules. Moreover, plans are underway for new facilities to further elevate production capacities, as Premier Energies invests in expanding its solar initiatives and diversifying into new markets.

The Economic Times 7 Aug 2026 4:31 pm

JK Tyre & Industries Q1 Results: Net profit tumbles 73% at Rs 44.09 crore

In the first quarter of FY27, JK Tyre & Industries reported a staggering 73 percent decline in profits, primarily due to soaring raw material prices linked to the West Asia crisis. Their consolidated net profit plummeted to Rs 44.09 crore from Rs 163.35 crore year-on-year, even as revenue rose to Rs 3,946.24 crore. Notably, domestic volumes surged by 25 percent in both replacement and OE segments.

The Economic Times 7 Aug 2026 4:29 pm

Arvind SmartSpaces Q1 Results: Profit zooms 8-fold to Rs 97 crore

In the June quarter, Arvind SmartSpaces achieved remarkable results with an eight-fold rise in net profit. The company's total income surged to Rs 322.02 crore, while sales bookings more than doubled to Rs 432 crore. This exceptional performance stemmed from robust pre-sales and overall income growth, solidifying the firm's position as a leading player under the Lalbhai Group from Ahmedabad.

The Economic Times 7 Aug 2026 4:27 pm

Bectors Food Q1 Results: Profit rises 25.5% to Rs 38.76 crore

In the June quarter, Mrs Bectors Food Specialities reported a notable 25.53 percent increase in net profit. Their operating revenue surged by sixteen percent to reach Rs 548.75 crore, bolstered by a 19 percent growth in the biscuit sector and a remarkable 40 percent rise in the bakery segment. Additionally, the EBITDA margin saw an improvement of eighty basis points, reaching 13.1 percent.

The Economic Times 7 Aug 2026 4:23 pm

Sensex today | Stock Market Highlights: Sensex falls 456 points, Nifty slips as banking stocks drag markets lower

Sensex, Nifty, Share Prices Highlights: Indian equities snapped a two-day winning streak on Friday as heavy selling in banking and financial stocks, elevated crude oil prices and lingering geopolitical uncertainties outweighed positive corporate earnings, pushing benchmark indices lower despite gains in select technology and automobile shares.

The Hindu Businessline 7 Aug 2026 4:23 pm

RBI's Rate Pause Sustains Steady Momentum in Residential Real Estate

India's residential property sector remains robust, driven by consistent demand and advancements in infrastructure. The Reserve Bank of India's choice to hold the repo rate steady bolsters this positive trend, allowing homebuyers and property developers to make informed, future-focused decisions. With favorable financing conditions, developers can efficiently organize their project timelines and pricing, reinforcing a thriving residential market.

The Economic Times 7 Aug 2026 4:21 pm

Mumbai luxury home sales hit record Rs 18,512 crore in H1, growth likely to moderate: Report

Mumbai's luxury housing market recorded its highest-ever half-yearly sales of Rs 18,512 crore during the first half of 2026, but the pace of growth is likely to moderate in the coming quarters due to the exceptionally high base and a more cautious economic and equity market outlook, according to a joint report by India Sotheby's International Realty and CRE Matrix.

The Economic Times 7 Aug 2026 4:18 pm

DA hike: West Bengal govt notifies 38% dearness allowance, wages increase for employees from 1 October

West Bengal state government has notified its 38% DA and DR hike for employees and pensioners, with effect from 1 October, just ahead of Durga Puja festivities this year. Check the latest updates here 

Livemint 7 Aug 2026 4:18 pm

SBI Q1 profit rises 14% to 24,113 crore on better core income, lower provisions

On a standalone basis, the bank's net profit grew 10.23% on-year to 21,121.22 crore as against 19,160.44 crore in April-June 2025, as per an exchange filing

The Hindu 7 Aug 2026 4:17 pm

ICICI Bank, Axis Bank tap dollar debt again in less than two months: Report

ICICI Bank and Axis Bank have returned to the U.S. dollar debt market, each looking to raise $300 million through upcoming bond issues, set to close for subscription next week. Notably, last month saw ICICI Bank raise a substantial $1 billion while Axis Bank secured $800 million. This bond issuance utilizes the Reserve Bank of India's hedging facility to facilitate smoother transactions.

The Economic Times 7 Aug 2026 4:13 pm

SBI sees broad-based credit growth, sticks to 14-15% FY27 loan growth guidance

State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is not currently a concern due to El Nino conditions.

The Economic Times 7 Aug 2026 3:49 pm

Hindalco Q1 results: Profit soars 75% YoY to record Rs 7,013 crore; revenue jumps 32%

Hindalco Industries reported a record 75% year-on-year jump in June-quarter consolidated net profit to Rs 7,013 crore, driven by strong India aluminium and copper operations and a recovery at Novelis. Revenue rose 32% to an all-time high of Rs 84,825 crore, while EBITDA surged 73% to Rs 14,989 crore, reflecting robust operational performance despite exceptional expenses.

The Economic Times 7 Aug 2026 3:47 pm

Rupee nudges up on-week; traders stay cautious as oil firms, US payrolls loom

The Indian rupee maintained stability on Friday, showing a small improvement over the week. The central bank's intervention helped alleviate the impact of higher oil prices and market hesitance. Significant inflows from balance of payments strategies fortified the Reserve Bank of Indias defenses. Investors are now keenly awaiting essential U.S. labor market statistics, especially the non-farm payrolls data from the last month, for insights on future economic trends.

The Economic Times 7 Aug 2026 3:40 pm

Ardee Industries IPO subscribed 98 times on final day, NII portion booked over 233 times

Robust institutional and retail participation reflected strong investor appetite, with proceeds earmarked for working capital, debt reduction and expansion

The Hindu Businessline 7 Aug 2026 3:30 pm

Indias renewable energy sector gains momentum with 5.25/unit RTC tariff discovery

Indias competitive RTC renewable energy tariff reflects growing confidence in integrated clean power solutions, alongside calls for stronger regional energy cooperation

The Hindu Businessline 7 Aug 2026 3:13 pm

Tips for NRIs buying or selling property in India How to dodge compliance pitfalls before closing a deal

NRIs engaging in property transactions in their home country should be aware of compliance issues like TDS, repatriation limits, and FEMA regulations. Informed decisions are crucial to avoid financial pitfalls, penalties and complexities in capital gains tax calculations.

Livemint 7 Aug 2026 3:13 pm

Multibaggers: 12 stocks skyrocketed up to 925% in 6 months; here's how retail investors bet on them

Thirty-four BSE stocks doubled in six months, with 12 delivering returns of 169% to 923%. Retail investors raised stakes in several multibaggers while booking profits in others during June 2026 quarter.

The Economic Times 7 Aug 2026 3:11 pm

Global Market: SK Hynix approves $38.3 billion investment plan through 2031 to expand AI chip production

SK Hynix approved investments of 54.3 trillion won through 2031 to expand semiconductor production, targeting rising AI-driven demand. Funds will support new DRAM facilities in Yongin and NAND flash capacity in Cheongju. The company also plans additional shareholder return measures, with details expected during the third quarter, strengthening growth prospects.

The Economic Times 7 Aug 2026 3:10 pm

Rent paid in cash is not illegal, but this one mistake could cost salaried tenants their HRA benefit

In India, landlords may ask for cash rent payments. While cash payments do not disqualify HRA, lack of documentation can lead to claim scrutiny. Here's how to claim HRA benefit if you are paying rent in cash and complications that may arise.

Livemint 7 Aug 2026 3:02 pm

NPS for NRIs: Eligibility, tax savings, account rules and withdrawal benefits explained

NPS for NRIs: Understand eligibility, tax benefits, Tier-I account rules, contributions and withdrawal guidelines. This guide explains how NRIs and OCIs can use Indias National Pension System for retirement planning while considering cross-border tax implications.

Livemint 7 Aug 2026 2:59 pm

Multi-asset funds vs largecaps: Why has the diversified strategy delivered better returns in 1 year?

Multi-asset funds are gaining popularity by diversifying across equity, debt, precious metals and other assets. Strong gold and silver gains boosted one-year returns, while active allocation and tax treatment vary by equity exposure.

The Economic Times 7 Aug 2026 2:59 pm

Global Market: European shares rise as healthcare stocks offset geopolitical concerns; investors await US jobs data

European stock markets edged higher on Friday, supported by gains in healthcare stocks, while rising oil prices and renewed Middle East tensions kept investors cautious ahead of the closely watched U.S. non-farm payrolls report.

The Economic Times 7 Aug 2026 2:57 pm