27 C 
Aditya Infotech rebounds on fundraise plans; analysts see up to 20% upside
The shares of Aditya Infotech have made a notable recovery after a recent equity raise focused on enhancing capacity. However, the company is grappling with high electronic component prices that are squeezing profits. On a positive note, the introduction of new STQC norms is expanding the market opportunities for Indian manufacturers.
UIDAI has completed over 2 crore Aadhaar biometric updates for school children under a nationwide drive. With the process currently free for eligible children, parents should know when the update is required, why it matters and how to complete it before the deadline.
All private and public-sector banks in India will remain closed today, August 22, as it is the fourth Saturday of the month. Check the date for next bank holiday.
Small towns see gig hiring hustle for festive season, but pay gap persists
As India Inc looks to smaller towns to power festive sales, hiring of gig and blue-collar workers is rising. But a sizeable pay divide persists: workers beyond the metros can earn 2530% less by some estimates, even as companies struggle to find enough hands.
US stocks: US market rises on the day but falls for the week; bond yields and Iran in focus
Major U.S. stock indexes finished Friday higher, but recorded weekly declines. Investors reacted to fluctuating government bond yields and Middle East developments. Stronger services sector growth offset manufacturing slowdowns, easing some investor concerns. Oil futures settled higher for a sixth consecutive day, adding to inflation worries. Upcoming economic data and Fed Chair's speech will guide future market movements.
Citadel unloads over 80% of bets bought from Leopold Aschenbrenners Situational Awareness
Ken Griffin's Citadel has sold over 80% of acquired positions. These trades followed a steep loss in technology holdings for Situational Awareness. Citadel executed nearly one hundred block trades valued at over four billion dollars.
Banks ride RBI swap wave to raise $12 billion via overseas debt
This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits.
For self-employed individuals in India, handling tax compliance and maintaining financial records can be complicated. Presumptive taxation offers a simpler alternative for eligible small businesses and professionals.
Bengaluru airport UDF falls, but new projects will add to passenger charges
The air services tariff regulator Aera has cut Bengaluru airport's user development fee sharply and introduced a first-ever charge on arriving passengers, but built in a mechanism to add fresh charges as three major expansion projects come online through 2030-31.
Can your 4.5 crore corpus generate 4 lakh a month? Decoding the retirement math
Investing the corpus in a mutual fund and setting up a systematic withdrawal plan (SWP) reduces the tax burden and creates a steady income.
A Haryana man, whose declared income was 1.79 lakh, faces an income addition of 11.22 crore. A tax tribunal offers a final chance to contest this by planting 500 trees or paying the cost within a month.
Symbiotec Pharmalab raises Rs 526 cr from anchor investors; IPO opens on Aug 24
The anchor placement attracted mutual funds, insurers and foreign investors, setting the stage for the pharmaceutical companys public market debut
SEBI mulls bond distributor network, tighter ad rules to boost retail participation
The proposals aim to make corporate bonds more accessible to retail investors while strengthening safeguards around recommendations, incentives and investor communication
Gold could top Goldmans $4,900 forecast as options demand fuels rally
Goldman Sachs sees gold potentially exceeding its $4,900 year-end forecast as strong options demand, Western investor interest and central bank buying amplify price moves. Rising call-option activity could accelerate gains near key strikes, though changing Fed expectations could also trigger sharper corrections.
PNGRB authorises 1,800 km of new LPG pipelines with 7,000 crore investment
This will expand the common carrier pipeline network to roughly 9,500 km
Symbiotec Pharmalab has raised Rs 526.20 crore from anchor investors ahead of its Rs 1,757 crore IPO opening August 24. The pharmaceutical company has set a Rs 938-988 price band, with proceeds from the fresh issue earmarked for debt repayment.
AMFI has launched five initiatives to deepen mutual fund participation, focusing on investor education, women, smaller cities, first-time investors and underserved communities. Partnerships with NISM, Sa-Dhan and Pinkathon aim to expand awareness, strengthen distributor ethics and encourage informed, responsible investing nationwide.
Joyalukkas bags a golden TN Govt order to gift rings to 4.41 Lakh Newborns
The Kerala jeweler pipped others for the 755 crore order by bidding on a razor-thin margin
RBI imposes penalty on Progfin, Shri Ram Finance Corporation for non-compliance
The Reserve Bank of India recently levied fines on two financial firms for regulatory failures. Shri Ram Finance Corporation was penalized Rs 8.10 lakh due to management transitions and a lack of proper risk classification for clients. Meanwhile, Progfin incurred a Rs 2.70 lakh fine for failing to conduct timely risk reviews. Both penalties highlight the significance of compliance with established regulations.
India bond yields hit two-month high as rate hike fears intensify
Indias 10-year benchmark bond yield climbed to a two-month high of 6.88% before closing at 6.85%, posting its biggest weekly rise this fiscal. Hawkish MPC minutes, potential rate hikes and escalating West Asia tensions drove cautious sentiment among bond traders.
Radico Khaitan launches Aam Panna Vodka as Magic Moments eyes flavoured segment growth
The launch comes as the company reported strong volume momentum for its Magic Moments brand, which shipped 8.6 million cases in FY2026 and over 3.25 million cases in the first quarter of FY2027
FIIs near historical lows: Jio BlackRock flags potential contrarian setup for Indian equities
Foreign investor positioning in Indian equities is nearing historical extremes, with FII flows showing early recovery after sustained outflows. Jio BlackRock says resilient domestic buying, reduced foreign selling and more reasonable valuations could signal a potential sentiment turnaround for Indian markets.
Accel, 2 others sell nearly 5% stake in Amagi Media Labs for Rs 587 crore
Accel, a leading global venture capital firm, along with two other parties, has divested nearly five percent stake in Amagi Media Labs. They sold over one crore equity shares for Rs 587 crore via open market transactions. Notably, domestic mutual funds and an insurance company were part of the buyer's pool, alongside foreign investors. Following this development, Amagi Media Labs shares surged by 4.57 percent on the NSE.
Axis Bank will revise several credit card rules from August 28, including higher DCC charges, a new late fee slab, changes to payment settlement and restrictions on reward points.
Online Instruments India gets Sebi approval to float IPO
Online Instruments has successfully secured Sebi approval for its initial public offering. The firm is set to issue new equity shares alongside an offer for sale, with proceeds aimed at addressing borrowings, boosting working capital, and facilitating acquisitions. Specializing in audiovisual systems integration and display product manufacturing, Online Instruments has demonstrated notable growth in both revenue and net profit over recent fiscal years.
Skyways Air Services IPO gets marquee backing, Citi, Nomura join Rs 174 crore anchor book
Skyways Air Services raised Rs 174.5 crore from anchor investors ahead of its Rs 582.80 crore IPO, opening August 24, 2026. The price band is Rs 131-138 per share, with shares expected to list on September 1, 2026.
Naturally Yours founder Vinod C. stresses the importance of paying oneself a modest salary while building a startup. He argues that financial self-punishment is unsustainable and encourages founders to manage personal expenses realistically to avoid burnout and maintain long-term commitment.
Prop traders stay biggest derivatives winners as retail continues to lose
Algo trading drives prop desks' dominance in equity derivatives
Innovision receives toll collection mandate for Etaura Bujurg & Akhtiyari Kotila fee plaza
Three firms may revive Indian smartphone brands as incentive scheme takes effect
Union IT minister Ashwini Vaishnaw says three homegrown companies are in talks with the ministry of electronics and IT to apply for incentives under the Mobile Phone Manufacturing Scheme.
Poonawalla Fincorp raises 150 crore via 8.43% Tier II debentures
The fundraising will add to the lenders capital resources as its shares ended lower on Friday amid moderate trading activity on NSE
US stocks: US market opens higher but weekly losses loom
Major Wall Street indexes opened higher on Friday after significant declines. The Dow Jones Industrial Average saw a slight increase at the opening. The S&P 500 also experienced a rise in its opening figures. The Nasdaq Composite index registered a notable gain at the opening bell. Markets are still set to finish the week with losses.
Here is how the top public sector banks stack up for a 5 lakh investment based on current interest rates and quarterly compounding.
Gold prices rally further on weak dollar
Opening on the firm trend, gold prices gained by 3,540 per 10 grams to hit a high of 1,60,620 per 10 grams against the previous close of 1,57,080
All-India housing prices rises 6% YoY in 1QFY27 led by key markets: Kotak
In the first quarter of fiscal year twenty twenty-seven, real estate prices experienced a significant six percent year-over-year rise. Major cities such as New Delhi, Noida, Chennai, Greater Noida, and Bengaluru spearheaded this trend. While residential sales saw a moderate three percent uptick, the launch of new projects declined alongside an increase in unsold inventories in areas like Bengaluru, Hyderabad, and NCR, illustrating a complex market dynamic.
Builder delivers defective house: Can homebuyers claim repair costs and compensation?
A Kerala consumer commission has ordered a builder to pay 25 lakh to a homebuyer after finding serious construction defects and inferior materials. The amount includes 20 lakh for repairs and damages, 5 lakh compensation and 25,000 litigation costs.
India bonds log worst week in FY27 on RBI surprise U-turns
Indian government bonds encountered significant challenges this week, marking the worst week of the financial year. The Reserve Bank of India's hawkish policy minutes triggered a selloff, compounded by the early closure of a diaspora-deposit hedging facility. Additionally, soaring crude oil prices heightened inflation concerns and rate hike fears in India, culminating in a notable increase in bond yields.
ICICI Bank doubles borrowing from overseas markets to $5 billion
ICICI Bank has taken a significant step by doubling its overseas borrowing limit to five billion dollars. This strategic decision enhances the bank's ability to tap into international fundraising avenues. Following the closure of a previous swap facility, Indian banks are ramping up efforts, eyeing to collectively secure at least five billion dollars through loans and bonds. So far, ICICI has successfully raised over two billion dollars in dollar-denominated debt.
Seven stocks from the BSE Consumer Discretionary Index hit fresh 52-week highs despite a largely flat Sensex. Baazar Style Retail, Menon Bearings, Shanti Gold International, Lenskart Solutions and others recorded strong monthly gains, signalling sustained investor interest and improving sentiment across select consumer stocks.
Sebi cancels registration of 15 investment advisers for non-payment of renewal fees
In a decisive action on Friday, Sebi announced the cancellation of registration certificates for fifteen investment advisers who neglected to pay their required renewal fees on time. Despite issuing notices in June, the advisers did not respond, leading to the termination of their registrations. It is essential to note that this cancellation does not free them from previous duties and financial responsibilities they owe.
Lumino Industries fixes IPO price band at Rs 78-82/share, issue to open on Aug 27
Lumino Industries has announced its IPO price range set between Rs 78 and Rs 82 per share. This Rs 700 crore offering will be available for subscription from August 27 to August 31. The plan includes a fresh issue of Rs 500 crore alongside an offer-for-sale of Rs 200 crore. Funds raised are earmarked for debt repayment and upgrading equipment, furthering their focus on power cable and electrical wire manufacturing.
IPO-bound Upstox crosses 2 crore customers, eyes 10 crore users in five years
Upstox has crossed 2 crore demat accounts, with 85% of customers from Tier-II and Tier-III cities and 70% first-time investors. The investment platform aims for 10 crore users within five years and is reportedly exploring a $350-400 million IPO.
Augmont Enterprises IPO subscribed 2.74 times
The offer received bids for 2.11 crore shares as against 77.15 lakh shares on offer.
Indias forex reserves rise $9.9 billion to $716.91 billion
The latest increase follows a $14.14-billion rise in the previous week, bringing the reserves closer to their record high reached in February
Tempsens Instruments (India) IPO subscribed 21.65 times
The offer received bids for 32.86 crore shares as against 1.51 crore shares on offer.
Nifty posts second straight gain but ends week lower; crude, bond yields cap rally
Metal stocks and gains in broader markets offered support, while weak sectoral breadth and geopolitical risks kept investors cautious through Friday
Soybean oil imports likely to see a sharp jump during festive season: SEA President
Competitive international prices, strong domestic demand, and disruptions in sunflower oil shipments amid the Russia-Ukraine conflict are prompting Indian refiners to step up purchases, says Sanjeev Asthana
E20 Fuel: The hero India needs, or the villain drivers fear? | Overthinkers Anonymous | EP 02
Why E20 fuel has everyone overthinking at the petrol pump.
S&S Power Switchgear hits the roof after subsidiary bags Rs 50-cr order from Vedanta Aluminium
S&S Power Switchgear hit the upper circuit of 10% to Rs 296.75 after the company's wholly owned subsidiary, Hamilton Research & Technology (HART), has received a purchase order worth Rs 50 crore from Vedanta Aluminium Metal.
Volumes jump at JBM Auto Ltd counter
JBM Auto Ltd saw volume of 108.72 lakh shares by 14:14 IST on NSE, a 58.26 fold spurt over two-week average daily volume of 1.87 lakh shares
Sebi proposes distribution model to deepen corporate bond market reach
Fixed Income Channel Partners would work with online bond platforms to distribute permitted securities and facilitate retail transactions, particularly in smaller cities
Tata Communications allots 68,894 equity shares under ESOP
Pursuant to the aforesaid allotment of equity shares, the issued and paid-up equity share capital of the Company stands increased to Rs 285,08,56,430 divided into 28,50,85,643 equity shares of the face value of Rs 10/- each.
Atomberg Technologies files DRHP for IPO to raise 450 crore through fresh issue
IPO to fund brand building, R&D and debt repayment
Indian Equities End Flat Amid Global Oil Price Concerns
Indian benchmark indices, Sensex and Nifty, closed flat on Friday, with elevated crude oil prices due to geopolitical uncertainties and a rebound in US Treasury yields making investors cautious and preventing a decisive market rally.
IPO rush ahead: What should retail investors watch out for? DSP's Jay Kothari explains
Jay Kothari warns investors not to be misled by extraordinary market returns and emphasizes the need for proper research and patience.
Brigade Group signs lease agreement with HealthEdge for Brigade Square in Thiruvananthapuram
Brigade Group has signed up a lease agreement with HealthEdge, a U.S. headquartered healthcare technology company backed by Bain Capital, for a super built-up area of approximately 1.62 lakh sq. ft. across 11 floors of Brigade's first IT Office building, Brigade Square in Thiruvananthapuram.
Mankind Pharma signs in-licensing deal for Insulin Aspart and Insulin Degludec
Mankind Pharma has entered into an exclusive in-licensing and marketing agreement with Chongqing Chenan Biopharmaceutical Co., China, for the commercialisation of two insulin analogues, Insulin Degludec and Insulin Degludec + Aspart Combination, in India.
Rupee settles on flat note, 3 paise higher at 95.71 against U.S. dollar
Forex traders said the Indian rupee traded flat to positive on a weak dollar and a positive tone in the domestic markets. However, the rupee pared initial gains as geopolitical tensions continue to simmer
Indian equity benchmarks ended largely flat on Friday, extending gains for a second straight session despite Middle East uncertainties. Power Grid, HDFC Life and Kotak Mahindra Bank led the gainers, while Maruti Suzuki, Trent and HCL Tech were among the top losers. Broader markets outperformed with positive market breadth.
Higher interest, tax breaks and discounts: Financial benefits senior citizens can avail in India
Turning 60 in India signifies the end of active earning but opens the door to financial benefits including higher interest rates, tax concessions and discounts on travel and utilities. All of these financial benefits ease day-to-day spending.
Sanathan Textiles starts production from its expanded technical textile yarn capacity
Sensex, Nifty, Share Prices Highlights: Indian equities ended little changed on Friday, but both benchmark indices declined for the week as rising crude prices and global bond yields heightened inflation concerns. Banking stocks offered support, while IT shares remained under pressure amid worries over US inflation.
Market ends flat amid geopolitical concerns; metal stocks gain
As per provisional closing data, the barometer index, the S&P BSE Sensex, ended flat at 77,540.83, up 3.11 points or 0.00%. The Nifty 50 index rose 20.15 points or 0.08% to 24,252.
Indias PMS Industry AUM rises 2% in July to Rs 44 lakh crore, client base grows 1.3%: APMI
Indias PMS industry expanded in July, with AUM rising 2% month-on-month to Rs 44.11 lakh crore and clients increasing 1.3% to 2.23 lakh. Annual growth stood near 11%, while strong inflows, expanding distributors and domestic investors supported continued industry growth.
Rupee dips on week as oil pangs linger, intervention prevents fall past 96/USD
The Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increasing oil prices and apprehensions about supply disruptions played a role in its performance. The Reserve Bank of India's timely intervention helped prevent any serious decline against the dollar. Meanwhile, substantial foreign currency inflows enhance the central bank's ability to intervene, providing stability to the rupee amidst subdued volatility.
Millworks Technologies secures orders worth Rs 53.74 cr
Millworks Technologies has announced the receipt of confirmed orders aggregating to approximately Rs 53.74 crore, further strengthening its business momentum for the FY27. With this, the Company's total confirmed order book has increased to Rs 121.88 crore, providing strong revenue visibility for the upcoming period.
SME stock Technocrats Plasma Systems zooms 83% against IPO price on debut
SME stock, Technocrats Plasma was locked at the 5 per cent upper circuit at 242 on the BSE on debut, zooming as much as 83 per cent against the issue price of 132 per share.
Global Market: European shares little changed as bond yields rise and gulf tensions lift oil
European shares were little changed on Friday, with the STOXX 600 heading for a second straight weekly decline as rising bond yields and higher oil prices weighed on sentiment. Renewed Gulf tensions pushed Brent crude to a one-month high, reviving inflation concerns and complicating the outlook for global monetary policy.
Empower India forays into sustainable digital infrastructure space
Empower India announced its strategic expansion into sustainable digital infrastructure solutions through its plans to develop customized Green Data Server and Data Center offerings. The initiative positions the Company to participate in India's rapidly growing data center industry, a market projected to exceed USD 22 billion by 2030, driven by accelerating adoption of Artificial Intelligence (AI), cloud computing, enterprise digitization, and increasing data localization requirements.
India eases rules for rupee export payments, boosting intl trade
India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.
HDFC Flexi Cap among 7 mutual funds that multiplied investors' wealth up to 24x in 20 years
Seven equity mutual funds multiplied investors wealth up to 23.3 times over 20 years, led by Nippon India Growth Mid Cap Fund. The list spans largecap, midcap and flexicap categories, highlighting strong long-term wealth creation and sustained compounding across market cycles.
US Treasury intervention gives Japanese bonds temporary relief as 3% yield looms
Japanese government bond yields received temporary relief after U.S. Treasury intervention, but analysts warn the 10-year JGB yield could surpass 3%. Persistent inflation, a weak yen, expansive fiscal policy, rising oil prices and expectations of Bank of Japan tightening continue to pressure Japanese debt markets, keeping borrowing costs elevated.
Priya Sunder, co-founder and director at PeakAlpha Investments, said a child's exact career choice cannot be predicted 15 years in advance. She, therefore, advised that a portfolio be structured based on present value, adjusted for education-specific inflation.
Global Market: Eurozone bond yields edge lower after turbulent week in global debt markets
Eurozone bond yields eased Friday but remained set for weekly gains amid global bond-market stress, persistent inflation and fiscal concerns. Germanys 10-year yield stood at 3.2445%. Rising oil prices and stronger ECB rate-hike expectations added pressure, with markets pricing over 90% odds of a September rate increase.
CoinSwitch Q2 2026 report reveals broad-based investor demand with top five cryptocurrencies maintaining buy-to-sell ratios above one. Ethereum led the market with the highest ratio of 1.39, followed by Shiba Inu, Solana, Bitcoin, and PEPE, reflecting strong accumulation across major digital assets and meme coins.
Samir Arora-backed Helios Flexi Cap Fund increased exposure to Swiggy, Paytm and 20 other stocks in July, while adding SBI Funds Management and four others to its portfolio. The fund also exited Varun Beverages and India Shelter Finance, while trimming its holdings in MCX and BSE during the month.
Your credit report is crucial for loan applications, as discrepancies can harm your credit score and loan approval chances. Here's what you must do the moment you spot a discrepancy.
Balrampur Chini Mills Ltd leads losers in 'A' group
Himadri Speciality Chemical Ltd, Shree Renuka Sugars Ltd, Praj Industries Ltd and Britannia Industries Ltd are among the other losers in the BSE's 'A' group today, 21 August 2026.
Tata, Godrej and now Birla: Big groups aren't just chasing glitter
Indias gold loan market is emerging as a growth opportunity for financial institutions, with outstanding loans against gold jewellery reaching Rs 3.3 lakh crore by May 2026. Tata Capital, Godrej Capital and Aditya Birla Capital are expanding aggressively as lenders shift toward secured retail credit, driven by rising gold prices, strong demand, regulatory changes and Indias vast household gold holdings.
Hy-Tech Engineers IPO: Valuations, growth outlook make analysts bullish
Hy-Tech Engineers IPO is a mix of a fresh issue of 60 crore and an offer for sale of 76 crore. The price band for the offer is set issue price band at 50 to 53 per share.
Tata MF lifts curbs on investment in gold ETFs
Tata MF restricted large lumpsum investment in its Gold ETF and Gold ETF Fund of Funds in June amid a surge in gold imports, which had put pressure on the rupee and the current account deficit
Mint Explainer | PM Modis Sapt Dhara: Indias farm-to-food strategy and why it matters
PM Narendra Modis seven-stream framework puts agriculture and food production at the heart of the push towards Viksit Bharat, with a focus on processing, branding and global exports.
Alacrity Securities Ltd leads losers in 'B' group
Avro India Ltd, Addi Industries Ltd, U. H. Zaveri Ltd and Loyal Textile Mills Ltd are among the other losers in the BSE's 'B' group today, 21 August 2026.
Zydus receives USFDA approval for Ascorbic Acid Injection USP
Zydus Lifesciences announced the receipt of final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Ascorbic Acid Injection USP, 25,000 mg/50 mL (500 mg/mL), 5,000 mg/10 mL (500 mg/mL).
Japan's Nikkei falls as rising bond yields and rate hike fears weigh on sentiment
The 10-year US Treasury yield rose back to around 4.7%, while Japans 10-year bond yield also moved higher. Investors remained cautious about whether US debt buybacks can provide lasting relief for borrowing costs.
Quadria Capital-backed Nobel Hygiene files IPO papers to raise Rs 150 crore
Nobel Hygiene has filed its DRHP with SEBI for an IPO comprising a fresh issue of up to Rs 150 crore and an offer for sale of up to 15.51 million shares. The company plans to use the fresh issue proceeds for debt repayment, subsidiary investment and manufacturing expansion, as it seeks to capitalise on Indias fast-growing adult absorbent hygiene market.
China stocks end mixed as policy support lifts investor sentiment
The Shanghai Composite was little changed at 3,905.2, while the Shenzhen Component gained 0.87% to 14,094.2. Vice Finance Minister Liao Min said the government would step up fiscal support, with more spending aimed at households and consumption.
Gaja Alternative Asset Managements 550-cr IPO subscribed 14.77 times so far on closing day
The non-institutional investors (NIIs) portion was 40.29x subscribed, the retail portion 7.83x, and the qualified institutional buyers (QIBs) portion 7.76x
