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US stocks: US market rises as yields ease, Moderna lifts healthcare stocks
US stock markets enjoyed a boost as easing bond yields and a spike in Moderna shares contributed to a favorable trading environment. Despite the Federal Reserve's minutes highlighting inflation concerns and discussions on rate hikes, investors remained optimistic. The Treasury's announcement of liquidity support revitalized riskier assets, particularly in tech stocks, while the success of Moderna's cancer therapy trial uplifted the healthcare sector.
No takers: Public sector banks put 39,000 cr of bad loans up for sale again
Public sector banks offered many bad loans previously for sale. Nearly eighty percent of these loans were repeat sale attempts. Indian Overseas Bank and Indian Bank led these repeated offerings. Private sector banks showed a sharp contrast with few repeat sales. This highlights challenges in selling large legacy corporate accounts.
Inflation concerns rose at US Fed's July meeting, minutes show; policymakers insisted on rate hike
Federal Reserve policymakers expressed concern over inflation at their last meeting. Many officials indicated a rate hike would be necessary if inflation persists. The Fed held interest rates steady, but three dissented in favor of an increase. Discussions also covered potential overhauls of the Fed's operational procedures. Investors anticipate potential rate hikes later this year.
US Treasury to double long-dated debt buybacks to battle surging yields
The US Treasury will double its buyback operations for long-dated government debt. This move aims to provide liquidity and ease rising bond yields for investors. The increased buybacks will apply to securities maturing between ten and thirty years. This action follows a sharp bond selloff which pushed yields higher. The Treasury seeks to manage market pressures and borrowing costs effectively.
Flexi-cap funds with highest and lowest large-cap stock allocation: What the data shows
Flexi-cap funds can vary sharply in their large-cap exposure despite having the flexibility to invest across market segments. Some of the biggest funds have a strong large-cap tilt, while others take a more diversified approachcreating an important distinction for investors to examine.
Used car loans grew faster than auto loans in last five years despite higher stress: Report
Used car financing grew faster than auto loans over five years. The used car finance portfolio reached Rs 1.3 lakh crore by June 2026. Auto loans portfolio grew to Rs 9.9 lakh crore during the same period. Financiers funded used cars despite facing higher stress levels. Overall asset quality in the wheels finance segment is now stabilising.
SBI has reduced rates on domestic bulk term deposits by up to 25 basis points for select maturities.
Regular and direct mutual fund plans can deliver different outcomes due to expense ratios, taxes and distributor costs. The decision to switch depends on factors such as the breakeven period and capital gains tax.
Govt bond yields seen opening higher after hawkish RBI MPC minutes
Market participants expect the 10-year bond yield to rise 1-2 bps and the five-year yield 2-3 bps as traders factor in the possibility of a December rate hike
Sebi bars six from selling Dhenu Buildcon shares over alleged manipulation
Regulator alleges artificial fund rotation was used to boost company value and secure preference shares, while imposing restrictions on corporate actions
DoT: No New SIMs for Users with 9+ Connections
The Department of Telecommunications (DoT) has instructed telecom operators to refuse new mobile connections to individuals who already possess nine or more SIM cards, effective from August 24, 2026.
Madhya Pradesh CM Mohan Yadav transferred 1,750 to over 1.25 crore beneficiaries under the Ladli Behna scheme, including a 250 Raksha Bandhan gift, to promote women's financial independence. He emphasised the importance of womens roles in family and society at a state-level event in Maihar.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities extended losses for a seventh session as rising oil prices and US-Iran tensions heightened risk aversion. Nifty fell to 24,078, while Sensex declined 326 points. Analysts flagged 24,000-24,050 as crucial support, with weak breadth favouring bears.
Estee Lauder bets on fragrances and skincare to deliver strong annual profit
Estee Lauder projects robust annual profits that are set to surpass Wall Street's expectations. The company's growth is heavily fueled by luxury fragrances, including popular lines such as Tom Ford and Le Labo. Estee Lauder anticipates an ongoing demand surge from young, affluent consumers while strategically broadening its brand presence in both China and international markets, aiming to enhance its makeup and hair care categories alongside its fragrances.
Sebi bars two entities, impounds 3.67 crore over manipulative CAS trades
Bars them from the securities market, impounds 3.67 crore
Sebi flags manipulative trades during CAS on Sensex expiry day, fines two entities
Sebi issued an interim order against Copthall Mauritius and Mansi Share and Stock Broking for manipulative trading during the August 13, 2026, Closing Auction Session. The regulator impounded Rs 3.67 crore in alleged wrongful gains from these two entities.
RBI deputy governor Murmu calls for focus on meaningful financial inclusion
Banks must measure financial inclusion by effective usage and informed decisions. Technology shifts and consumer behavior necessitate responsive banking systems. Digital inclusion deepens, and AI helps recognize capability across diverse groups. Institutions need skilled people to challenge models and oversee external providers. Prudence requires pooled intelligence and credible alternatives for system resilience.
State Bank of India has updated service charges for Basic Savings Bank Deposit accounts, effective October 1, 2026.
Strict and immediate action against those who manipulate CAS: SEBI chief
Brokers have been asked to allow after-market orders from 3:15 pm to 3:20 pm from September
Goldman Sachs backs D-street debutante Shiprocket, buys over 40 lakh shares
Shiprocket debuted on the NSE at 131, a 35% premium, closing at 143.10. Goldman Sachs India EQ Portfolio acquired 40.24 lakh shares post-listing. Analysts advise investors to book partial profits while holding remaining shares for long-term growth.
BSE looks to launch MSCI-linked futures and options in India
BSE has partnered with MSCI to explore futures and options contracts linked to MSCI indexes in India, subject to regulatory approvals. The move could broaden BSEs derivatives offerings, strengthen index-based investing and provide investors additional tools to hedge India exposure.
Moderna shares soar 135% in a day after cancer vaccine succeeds in late-stage trial
Moderna shares surged after its personalized mRNA cancer vaccine trial showed positive results. The treatment, combined with Keytruda, reduced melanoma recurrence and spread significantly. This marks the first successful late-stage trial for an mRNA cancer vaccine. The findings offer hope for future growth beyond COVID-19 vaccines. Discussions with regulators are expected within the next few months.
Marvell shares jump 8% after chipmaker hands Google option to buy $12.2 billion stake
Marvell shares surged 8% after securing a Google agreement to develop custom AI chips and related technologies. Google received a warrant for up to 58.97 million shares worth about $12.18 billion, strengthening Marvells position in AI infrastructure.
Shiprocket, Behari Lal Engineering shares surge after strong market debut
Shiprocket and Behari Lal Engineering made strong market debuts, while Symbiotec Pharmalab set its IPO price band and Lalithaa Jewellery's issue saw 62.97x subscription
Technology funds bounced back in July: What investors should know before boosting their IT exposure
Technology mutual funds rebounded sharply in July, but the rally may not necessarily signal a sustained recovery. With IT allocation rising in mutual fund portfolios, investors should assess valuations, existing exposure and fund strategy before increasing their allocation.
Gold, silver prices drop in Delhi as rising crude oil rates, geopolitical worries weigh on bullion
Gold falls 800 to 1,58,000/10g; silver slips 5,730 to 2,35,000/kg
Indices continue decline amid rising crude prices, global bond yields
Nifty falls for a seventh consecutive session, its longest losing streak since September 2025, as elevated crude oil prices and global bond yields weigh on sentiment
Target Corp shares rise 5% as sales rebound and profit doubles in Q2
Target shares jumped 5% after second-quarter sales rose 5.3%, comparable sales increased 3.8% and traffic climbed 3.6%. Digital sales grew 8.7%, while EPS doubled to $4.11, boosted by tariff refunds, with underlying earnings still rising 20%.
Rs 3 crore to Rs 4,925 crore: Sebi order gives details on Dhenu Buildcon market cap surge
Sebis interim order alleges Dhenu Buildcon routed Rs 1,000 crore through connected entities as loans, later converting Rs 840 crore into equity. Despite negligible revenue, its market cap surged to Rs 4,925 crore. The regulator ordered restrictions while investigations continue.
Small-ticket SIPs see first decline after years of rapid growth
SIP accounts of up to Rs 1,000 fall by 1.4 million in FY26, higher ticket-size accounts grow
US stocks: US market opens up after tech-led slump as yields ease; earnings watched
Major Wall Street indexes opened higher on Wednesday, recovering from a prior session's slump. Government bond yields retreated from multi-decade highs, aiding the market's recovery. Investors assessed a slew of corporate updates following the previous trading day. The Dow Jones Industrial Average rose 120 points at the open. The S&P 500 and Nasdaq Composite also saw gains in early trading.
Foreign capital, corporate bond market key priorities for DEA: Alok Tiwari
Foreign Exchange Management, Foreign Investment rules being recast to make foreign investment framework more principle-based and easier to navigate
Stock market investors and traders are taxed differently based on the nature of their activities. Both may also have to file different ITR forms. Here are the key rules, classification factors and common filing mistakes to know.
Copper futures: Hovers nears a support
Traders can exit the shorts and initiate long positions
Sunshine Pictures IPO Day 2: Subscription surges to 18.47x, NII category leads charge
IPO receives total bids of 10,13,11,123 shares against 54,86,051 shares on offer
Escorts Kubota announces Rs 2,000 cr investment on new plant in UP
Escorts Kubota has announced a substantial investment of Rs 2,000 crore for a cutting-edge manufacturing facility in Uttar Pradesh. This new plant is set to manufacture tractors, farm implements, and construction equipment for international markets. This initiative is aligned with Kubota Corporation's strategy for expansion and establishing manufacturing hubs, significantly enhancing production capacity. Funding will be sourced from share proceeds and internal resources.
L&T buys over 2 cr units of Nxt-Infra Trust for Rs 199 cr
Larsen & Toubro made a strategic move by purchasing over two crore units of Nxt-Infra Trust for Rs 199 crore via an open market transaction on the NSE. Additionally, A K Capital Finance disposed of more than two crore units of the same trust. This Sebi-registered InvIT, supported by Actis Highway Infra Ltd, saw a substantial rise in share price following the infrastructure powerhouse's acquisition.
Real estate sector likely to remain resilient despite West Asia crisis: CareEdge
India's real estate sector is expected to remain broadly resilient despite geopolitical uncertainty arising from the West Asia crisis, with healthy demand, strong developer balance sheets and robust office leasing likely to cushion near-term pressures. However, prolonged elevated crude prices could raise construction costs by 2-3 per cent and weigh on affordable housing and highly leveraged developers, according to a report by CareEdge Ratings.
Arkade Developers to rebuild 4 projects in Mumbai, eyes Rs 5000 cr revenue
Arkade Developers has unveiled plans to redevelop four prominent housing projects in Mumbai, expecting an impressive revenue of Rs 5,000 crore. Nestled in Malad West, Kandivali West, Kandivali East, and Borivali West, these projects boast a combined saleable carpet area of around fifteen lakh square feet, with the significant cluster redevelopment in Borivali West anticipating sales of Rs 3,000 crore.
German finance ministry links high borrowing costs to security overhaul
Germany's borrowing costs have surged to their highest level in fifteen years, influenced by increased security threats following Russia's invasion of Ukraine. The Finance Ministry emphasizes the necessity for substantial investments in defense and security. Meanwhile, bond yields in other leading Western nations have also risen sharply this week, complicating fiscal policies and raising borrowing costs for both businesses and consumers.
Oil pain pins India bonds in range; RBI minutes to give next cue
Indian government bonds showed little movement on Wednesday, trading in a tight range. The increase in oil prices countered support drawn from softer U.S. Treasury yields, which affected trader sentiment. Market participants are now looking ahead to the impending policy minutes from the U.S. and Indian central banks for insights on future directions. The Indian rupee experienced a decline against the dollar, prolonging the Nifty 50 index's losing streak.
RBI noted in its monetary policy minutes that as of June 2026, fuel inflation has remained modest because the sharp spike in international energy prices has had limited pass-through to domestic retail prices. CPI inflation has crossed the 4% target by small margin. However, core inflation was still below 4%. Core inflation excluding precious metals remained much lower at 2.5 per cent. These numbers suggest limited pass-through so far of the terms-of-trade shocks (due to a sharp escalation in crude prices and a weakened INR) the economy experienced over the last two quarters.
Reserve Bank of India (RBI) released minutes of sixty second meeting of the Monetary Policy Committee (MPC) held during August 3 to 5, 2026 today. MPC member Nagesh Kumar noted that the Indian economy has displayed remarkable resilience in the face of challenging headwinds stemming from the ongoing conflict in West Asia, especially the volatility in crude oil prices, trade policy uncertainties, and agricultural risks arising from El Nio affecting the monsoons. The concerns arising from the West Asia conflict and the blockade of the Strait of Hormuz have not receded, even as India has made efforts to deal with the situation by diversifying the sources of supply. Trade policy uncertainties have been aggravated.
INR slips further amid sharp rise in global crude oil prices and negative local equities
The Indian rupee fell 2 paise to close at 95.76 (provisional) against the US dollar on Wednesday as a sharp rise in global crude oil prices amid heightened tensions in West Asia kept markets on edge. A sharp decline in domestic equity markets put further pressure on the local unit, while possible RBI intervention and foreign fund inflows lent support. Local shares ended lower on Wednesday to extend losses for a seventh straight session as elevated oil prices and rising global bond yields amid an apparent impasse in Middle East peace talks dented investors' appetite for riskier assets. The BSE Sensex dropped 325.78 points (0.42%) to close at 76,909.68, while the Nifty 50 shed 76.60 points (0.32%) to finish at 24,078.30. At the interbank foreign exchange, the rupee opened at 95.72 and traded in a very narrow range of 95.72-95.76. It eventually settled at 95.76 (provisional), down 2 paise from its previous close.
Horizon Industrial Parks (HIPL) IPO subscribed 1.45 times
The offer received bids for 36.37 crore shares as against 25.13 crore shares on offer.
Lalithaa Jewellery Mart IPO subscribed 62.97 times
The offer received bids for 395.21 crore shares as against 6.27 crore shares on offer.
FDA temporarily suspends CEAT's license to procure Methanol
The Suspension order is yet to be effective. The Company has made alternate arrangements to procure Methanol in compliance with the applicable Rules. The issues raised in the suspension order have already been addressed. Accordingly, no material adverse impact is anticipated on financial position, operations, or overall business activities.
Lenskart Solutions among 4 stocks to hit 52-week highs & surge up to 25% in a month
Four BSE 200 stocksGlaxoSmithKline Pharmaceuticals, Lenskart Solutions, Bosch and Samvardhana Motherson Internationalhit fresh 52-week highs despite Sensex weakness. The stocks gained 18%-24% over the past month, signalling strong investor interest and positive momentum.
Sensex, Nifty fall for 7th straight session as rising crude oil prices weigh on sentiment
Nifty IT becomes sole gainer sectorally, rising 0.4% and snapping a four-day losing streak on value buying and domestic capital rotation
Indian equities extended losses for a seventh session, with Nifty falling 0.32% and Sensex 0.42% ahead of US FOMC minutes. IT stocks gained, but broader markets weakened. Analysts flagged 24,000 as crucial Nifty support amid persistent sell-on-rallies sentiment.
CA Anil Sagayanathan highlights the fragility of high salaries and lifestyle inflation on LinkedIn. Even with 1 crore income, financial stress prevails due to rising expenses and peer pressure.
Tech holds the crown, but defensive positioning grows: BofA survey
Technology remains investors top choice, but Asia fund managers are turning defensive, with 59% hedging AI downside through value, cyclical and defensive sectors. Asia ex-Japan optimism rose, while Japan exposure remains concentrated in banks and semiconductors amid policy expectations and weaker semiconductor sentiment.
Shankesh Jewellers IPO subscribed 94%
The offer received bids for 2.60 crore shares as against 2.76 crore shares on offer.
New Gemini Enterprise AI Centre Opens In Bengaluru
Econz IT Services, in partnership with Google Cloud, has launched Bengaluru's first Gemini Enterprise Experience Centre. This centre provides an immersive environment for businesses to develop and deploy advanced Agentic AI solutions, marking a significant step in enterprise AI innovation in the region.
Sunshine Pictures IPO subscribed 18.46 times
The offer received bids for 10.12 crore shares as against 54.86 lakh shares on offer.
Gaja Alternative Asset Management IPO subscribed 86%
The offer received bids for 2.16 crore shares as against 2.53 crore shares on offer.
Hyundai Motor India plans increase in prices from September 2026
Hyundai Motor India has planned to increase the prices of its vehicles by up to 1% across its portfolio, effective September 2026. The quantum of increase will vary depending on the model and variant.
Onida announces settlement agreement with workers' union at Wada factory
Onida Electronics announced that an understanding has been reached between the Company and one of the permanent workers' unions representing the majority of workers employed at the Company's factory situated at Kudus, Wada, Palghar District, Maharashtra, for mutual settlement.
Benchmarks extends slide as crude, geopolitical risks keep investors cautious
Key benchmark indices extended their losing streak on Wednesday as elevated crude oil prices, higher global bond yields and persistent geopolitical uncertainty kept investors cautious. The Nifty settled below the 24,100 level. The broader market remained under pressure, with both midcap and smallcap indices ending lower. Most sectoral indices closed in the red, led by weakness in defence and energy stocks, while IT shares bucked the trend and gained amid bargain hunting. Brent crude remained elevated near $92 a barrel as uncertainty over the US-Iran conflict and the Strait of Hormuz kept supply concerns in focus.
Form 146 is a CA-certified document for certain taxable foreign remittances. It helps determine the taxability and TDS applicable to overseas payments above the prescribed threshold. Heres when it is required, who files it and how taxpayers can use it.
AI In India: Talent And Data Are Bigger Hurdles Than Big Tech
A report by policy think tank The Dialogue reveals that India's artificial intelligence (AI) ecosystem is primarily constrained by a shortage of skilled talent and a lack of data standardisation, rather than market concentration. The study, which surveyed 308 stakeholders, found that talent availability and data usability are major concerns, with a significant reliance on open-source AI models.
Nifty Falls for 7th Day, Sensex Down Amid Rising Crude Oil Prices
Indian benchmark equity indices, Sensex and Nifty, closed lower for multiple consecutive days, with the Nifty extending its losses to a seventh day, primarily due to elevated crude oil prices following the expiry of the US-Iran ceasefire without a diplomatic resolution.
Japanese shares slide as tech selloff deepens
The decline was led by semiconductor and technology stocks, following heavy selling in AI-related chipmakers on Wall Street overnight. Rising global bond yields and higher oil prices also weighed on investor sentiment. Japan's 10-year government bond yield reached a 30-year high this week, adding to concerns about borrowing costs.
Chinese stocks fall sharply as chipmakers lead selloff
The selloff was led by semiconductor stocks. Rising government bond yields, persistent inflation, high fiscal spending and heavy debt issuance have increased concerns about borrowing costs. Geopolitical tensions and fears of energy supply disruptions added to worries that inflation could stay high.
Siguler Guff raises $500 mn for India mid-market private equity strategy
New York-headquartered Siguler Guff is a multi-strategy private markets investment firm which has approximately $18.4 billion of assets under management as of December 31, 2025
India's gold demand recovery likely to strengthen ahead of festive season: World Gold Council
While elevated prices could continue to influence jewellery purchases, investment demand is expected to remain supportive
Income tax return for social media creators: Last date, ITR forms, GST obligations and more
With the income tax return filing deadline approaching, creators who earn regularly through social media should ensure that their income and expenses are properly recorded.
SEBI working on easing SME listing framework: Chairman
The regulator is considering changes to the market-making, underwriting and paid-up capital norms for SMEs
Nifty falls for 7th day, Sensex down 326 points as rising crude oil prices unnerve investors
The 30-share BSE Sensex was down 325.78 points, or 0.42%, to settle at 76,909.68, registering its fourth day of decline. During the day, it dropped 412.57 points, or 0.53%, to 76,822.89
AI in finance: From crunching numbers to making decisions, how far can it go?
Artificial intelligence is increasingly assisting in financial tasks and decision-making. Organisations report improved decision quality and faster processing with AI integration. Routine finance work like bookkeeping is being automated by AI systems. However, complex decisions still require human judgment and professional expertise.
Market ends lower; Nifty settles below 24,100 level
As per provisional closing data, the barometer index, the S&P BSE Sensex dropped 325.78 points or 0.42% to 76,909.68. The Nifty 50 index lost 76.60 points or 0.32% to 24,078.30. The Sensex declined 1.49% in four consecutive trading sessions, while the Nifty fell 2.05% in seven consecutive trading sessions.
Govt eyes foreign capital inflows, deeper corporate bond mkt: Alok Tiwari
DEA Joint Secretary Alok Tiwari says the government is working to attract overseas capital and improve depth, liquidity and participation in corporate bonds
Kotak Mutual Fund: Infosys, RIL, and HDFC Bank among top 10 stock holdings in July
HDFC Mutual Fund managed Rs 6.31 lakh crore across 163 funds in July 2026. Its top holdings included HDFC Bank, ICICI Bank, SBI, Eternal, Bharti Airtel, Axis Bank, RIL, BEL, L&T and Maruti Suzuki, with selective portfolio shifts.
Rupee hits three-week low, traders wary about fall to 96/USD as RBI stands guard
The rupee closed at 95.7525 per dollar, compared to 95.68 in the previous session
Eternal, HDFC Bank, and RIL among 9 stocks owned by 600 mutual funds in July
According to ACE MF data for July, nine major stocks are held by over 600 mutual fund schemes. ICICI Bank led the list, being owned by 771 funds, followed by HDFC Bank, SBI, Bharti Airtel, RIL, Axis Bank, Infosys, L&T, and Eternal, reflecting strong institutional confidence in large-cap equities.
Oil India vs ONGC vs OMCs: What JM Financials $80 Brent call means for oil stocks
Brent crude may stay near eighty dollars a barrel for twelve months. Analysts favor Oil India and ONGC due to expected earnings growth. Oil India's refinery capacity expansion will drive future output increases. Oil marketing companies face pressure from lower integrated gross margins. Valuation and earnings concerns persist for HPCL, BPCL, and IOCL.
Infosys Aster recognized as Leader in Everest Group's Marketing Transformation Services PEAK Matrix
In this assessment, Everest Group evaluated and categorized 29 service providers based on their vision, capabilities, and market impact. Infosys Aster is recognized for bringing strong proprietary IP, AI-first capabilities, and integrated ecosystem partnerships to drive measurable business outcomes. The assessment also highlights Infosys' strengths in agentic commerce capabilities, enabling AI-powered discovery, selection, purchase, and commerce experience optimization, alongside its Adobe-led marketing transformation proposition.
Why rising Treasury yields are becoming a growing risk for the US economy
A sell-off in U.S. Treasuries has pushed yields higher, raising borrowing costs for households, companies and the federal government. Higher yields could pressure mortgages, corporate investment, asset valuations and government debt servicing. Investors are watching inflation, energy risks, Federal Reserve policy, Treasury supply and foreign demand for signs of prolonged market pressure.
SK Hynix announced a record 40 trillion won share buyback and cancellation after its stock plunged nearly 50%. South Koreas Kospi also tumbled amid chipmaker concentration, leveraged ETF risks and rising bond yields, intensifying pressure for shareholder returns.
New AI Model Floe Understands Multilingual Intent
Blue Machines AI has launched Floe, a context-aware language detection model designed for AI agents. Floe distinguishes between code-mixing and genuine language switches in multimodal interactions, supporting over 10 Indic languages with ultra-low latency. It aims to improve enterprise AI conversations by understanding user intent in multilingual settings.
CtrlS Secures Rs 250 Crore Investment From Kamath And Vanga
Zerodha co-founder Nikhil Kamath has invested Rs 200 crore in CtrlS, a hyperscale data centre company, with entrepreneur Sreeram Reddy Vanga adding Rs 50 crore. This capital infusion will fuel CtrlS's infrastructure expansion and capacity growth across India, addressing the rising demand from enterprises and hyperscale clients driven by AI, cloud, and digital advancements.
SEBI eases entry process for mutual fund AMCs but retains strict checks: What investors should know
SEBI has simplified mutual fund registration by moving to a single application while retaining detailed checks on sponsors. Heres what the new framework means for investors evaluating a newly launched AMC and its funds.
Kalyani receives nod for private freight terminal project at Shivlakha, Gujarat
The proposed project has a total project cost of Rs 110 crore, with an eligible project cost of Rs 80 crore.
Global Market: European shares flat as Middle East risks weigh; Fed Minutes in focus
European shares were largely flat as Middle East tensions kept investors cautious ahead of the Federal Reserves July meeting minutes. Gains in basic resources stocks, supported by higher gold prices, offset technology losses caused by rising bond yields. UK inflation also accelerated, adding uncertainty over interest rates and the broader European monetary-policy outlook.
US natural gas rises as Texas heat outlook boosts power demand
High temperatures in Houston from August 20-23 are expected to average 100F (38C), up by 5F from the seasonal norm
Govt to offer city gas distributers 200 scm extra gas to push household PNG switch
Scheme aimed at turning inactive, unbilled connections into working ones and expanding PNG networks into new areas
Global Market: Eurozone bond rout loses steam, but rising oil prices keep investors wary
On Wednesday, yields on Eurozone government bonds saw a slight decline as the U.S. Treasury markets regained stability. However, high oil prices are ongoing concerns, heightening inflation and borrowing apprehensions for governments. The recent selloff predominantly affected longer-dated bonds, while the gap between French and German bond yields has widened amid France's fiscal worries. Investors need to remain wary due to persistent oil price pressures.
