36 C 
Subhash Chandra insolvency: Union Bank to challenge NCLT order approving 6.5-crore repayment plan
Subhash Chandra insolvency case: Union Bank of India (UK) will challenge the NCLT's approval of Subhash Chandra's 6.5-crore repayment plan against 22,006.57 crore in claims. HDFC Bank is also weighing an appeal, while LIC Housing Finance will pursue principal borrowers.
Silver rebounds from correction: Can the recovery gain momentum?
Silver has rebounded sharply from its recent correction, supported by golds rally, a weaker US dollar and expectations of stronger industrial demand. While tight supply and growing use in solar, electronics and electric vehicles offer long-term support, shifting monetary policy, global growth concerns and elevated volatility could limit near-term gains.
Govt eases 5G radiation limits, says report | Will new EMF rules help telecom operators cut costs?
India is set to raise the permitted 5G radiation limit from 5 to 10 watts per sq m, aligning with global norms. The move could help telecom operators expand coverage with fewer towers and reduce network deployment costs, reports said.
John Cockerill India bags Rs 200-cr order from A1 Iron & Steel Tanzania
John Cockerill India secured an order worth approximately Rs 200 crore from A1 Iron & Steel Tanzania for steel processing equipment at its plant in Dodoma, Tanzania.
The Public Provident Fund (PPF) is a government-backed savings scheme in India with a 15-year lock-in period. Check rules, eligibility, and guidelines that NRIs must know about this post office savings scheme.
Bitcoin falls below $78,000 as crypto market faces correction after Warshs Jackson Hole comments
Bitcoin and Ethereum extended their declines as crypto markets remained under pressure following Kevin Warsh
In your 20s? Follow these 5 simple money rules to build a strong financial future
Check out five simple money rules for your 20s, including budgeting, building an emergency fund, investing early. These practical personal finance tips can help young earners develop stronger financial habits and prepare for future goals.
Nifty and Nifty Bank Prediction for the week 31 Aug'26 to 04 Sep26 by BL GURU
SCSS + RBI Floating Rate Bonds: Check how 50 lakh can generate 4.07 lakh a year for seniors
A 50 lakh retirement corpus split between SCSS and RBI Floating Rate Savings Bonds can generate around 4.07 lakh annual interest before tax, offering senior citizens predictable income and staggered payouts.
Meta Infotech bags Rs 4-cr renewal order from private sector bank
Meta Infotech announced that it has received a renewal order worth Rs 4.08 crore from a private sector bank for providing sustenance services for the period from April 1, 2026 to March 31, 2027.
Vedanta, Wipro among 10 stocks that saw biggest jump in retail holders in Q1. See full list
Vedanta, Wipro and Bajaj Auto were among the stocks that saw the biggest additions to their retail shareholder base in Q1FY27, with several large companies witnessing strong retail participation.
DA hike explained: How much will your salary actually increase? Heres the simple calculation
A DA hike of 3 percent or 4 percent does not mean an employees total salary will rise by the same percentage. Here we explain how to calculate your salary after a hike.
Todays Gold Rate, Aug 29: Check gold rates in Delhi, Mumbai, Chennai
22, 24 carat Gold prices down across metro cities on August 29
US rate-hike expectations jumped sharply after Fed Chair Kevin Warsh
Max Estates acquires 84.71-acre land parcel in Delhi
With gross development value of Rs 10,000-12,000 cr
These 12 equity mutual funds turned a Rs 10,000 SIP into over Rs 11 crore
An ETMutualFunds analysis found 12 equity mutual funds that turned a Rs 10,000 monthly SIP into more than Rs 11 crore since inception, led by Nippon India Growth Mid Cap Fund.
E20 at the pump: Lower mileage, older cars and what comes next
Ashoka Buildcon receives LoA from RVNL
For Rishikesh Karnprayag New BG Rail Line Project
Tata Chemicals acquires certain soda ash customer contract from Searles Valley Minerals Inc.
Tata Chemicals North America Inc. (TCNA), a wholly owned subsidiary of Tata Chemicals, has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals Inc. (SVM), USA, for the acquisition of North American soda ash customer contracts of SVM representing over half million metric tons customer orders through December 2028.
BlackRock helps pull more Bitcoin wealth deeper into Wall Street
BlackRock and other Wall Street firms are making it easier for large Bitcoin holders to move crypto wealth into spot Bitcoin ETFs through in-kind transactions. Lower minimums, expanding market infrastructure and growing demand for simpler custody are accelerating the shift, further integrating Bitcoin holdings into mainstream financial markets.
Parag Parikh Liquid Fund among 5 low-cost mutual funds that delivered strong 6-month returns
Five mutual funds delivered strong six-month returns while maintaining relatively low expense ratios. Parag Parikh Liquid Fund was among the top performers, with a 3.34% return and 0.10% expense ratio.
The case concerns one Bhowmick, a resident of Gurugram, who invested about $300,000 in a Bermuda-focused global investment fund while in Singapore on May 19, 2015. He cashed it out on March 16, 2016 and received $ 3.14 lakh (3,14,608.15) upon redemption. Here's what happened next.
Planning to invest for 3 years? Check these 6 equity mutual funds with over 25% gains
Six equity mutual funds delivered over 25% returns in three years. Here are the top performers, along with their AUM, expense ratios and ratings, according to MF Screener.
Aayush Wellness launches Lung Care Tablets
Aayush Wellness announced the launch of its Lung Care Tablets, marking a significant expansion of its prevention led healthcare vision. Building on the proposition of Aayush Herbal Masala, developed around the health concerns associated with smokeless-tobacco consumption, the Company is now extending its focus to respiratory wellness, addressing the growing health challenges associated with smoking, air pollution and environmental exposure.
Under the proposed system, a 1% registration fee may be charged on such agreements. The government believes the move could help reduce disputes over the division of property and ownership rights.
Vanguards India Portfolio: 12 stocks surge up to 190% in CY26; 3 multibaggers, 3 new entrants
Vanguard Funds
The Odisha government released the fifth installment of the Subhadra Yojana on 28 August, disbursing 5,160 crore to eligible women. The annual payout of 10,000 is delivered via Direct Benefit Transfer.
Ashoka Buildcon bags Rs 602-cr order from RVNL
Ashoka Buildcon announced that it has secured a Rs 602.16-crore order from Rail Vikas Nigam (RVNL) for electro-mechanical works for tunnels under the Rishikesh-Karnprayag rail project in Uttarakhand.
Will Dalal Street see record Rs 70,000 crore IPOs in September? Jio and NSE buzz raises stakes
India
AMFI re-elects Sundeep Sikka as Chairman, Vishal Kapoor as Vice Chairman
AMFI has re-elected Sundeep Sikka as Chairman and Vishal Kapoor as Vice Chairman for another term. Sikka, MD and CEO of Nippon Life India Asset Management, and Kapoor, CEO of Bandhan AMC, were unanimously re-elected by the Board after AMFI
JioBlackRock Mutual Fund to launch balanced advantage fund in September. Check dates and key details
JioBlackRock Mutual Fund will launch the JioBlackRock Balanced Advantage Fund in September, with the NFO open for subscription from September 11 to September 25. The fund will invest dynamically in equity and debt instruments. Here are the key details, including the NFO dates, asset allocation, benchmark, fund managers and risk level.
The 8th Pay Commission delay could cost Level 3 to 6 central government employees up to 3.45 lakh in projected allowance losses, depending on implementation timing, fitment factor and revised HRA and transport allowance rates.
IPO fever grips D-Street: 3 issues to open for subscription; 8 new listings lined up for next week
India
Gold price surge brings huge gains to producers in Q126, WGC says
Global average gold producer All-In Sustaining Costs (AISC) rise by 5% quarter-on-quarter and 16% year-on-year to $1,785 per ounce during the first quarter of 2026
Explained: Want to calculate the future value of your Rs 10,000 SIP? Heres the formula
A Rs 10,000 monthly SIP can grow into a sizeable corpus over time, but the final value depends on the investment duration and expected returns. Heres how investors can use the future value formula to estimate their SIP corpus at different return rates.
RBI rate hike risk rises: Bandhan AMCs Suyash Choudhary dials back duration in bond portfolios
Bandhan AMC has reduced duration across several bond funds as RBI rate hike risks rise following the latest MPC minutes. CIO Suyash Choudhary said markets are increasingly debating the timing and magnitude of potential hikes, while fading FCNR flows and changing policy expectations could drive a flatter bond yield curve.
Indian bank stocks show widest exchange price gap in decades
Indian bank stocks saw unusually wide price gaps between the NSE and BSE during Thursdays closing auction, with IndusInd Bank recording its widest exchange price difference in more than two decades. The divergence has intensified scrutiny of the new auction system amid thin liquidity, monthly expiry pressures and concerns over market manipulation.
Reliance Group rejects Subhash Chandra's allegations against media entities
The Reliance Group on Friday, 28 August 2026, rejected allegations made by Essel Group chairman Subhash Chandra against media entities associated with the group, describing his remarks as baseless.
Bajaj Finance, L&T Finance poised to benefit as NBFC earnings recovery broadens: Siddhartha Khemka
India
BSE, Hindustan Zinc among 5 stocks with revenue growth of up to 64% in 1 year. Check details
B SE, Muthoot Finance and Hindustan Zinc led five stocks with the highest revenue growth over the past year, alongside strong profit growth and five-star Value Research ratings.
SIP inflows surge, but small savers shrink: What the latest data reveals
Over the past financial year, the number of accounts contributing between 500 and 1,000 fell by nearly 1.4 millionthe first decline in years.
Senior citizens can earn up to 8.5% on 5-year FDs: Check banks offering the highest rates
For those investing substantial sums, even a marginal variation in FD rates can have a significant impact on the total interest earned.
Crude oil prices posted their first weekly decline in three weeks as improving flows through the Strait of Hormuz eased supply concerns. Brent fell over 5% for the week, while WTI declined more than 4%. However, prolonged shipping disruptions could push prices higher, with JPMorgan and Goldman Sachs flagging upside risks.
Car lying idle? How Pay As You Drive insurance can help you keep more money in your pocket
PAYD is a usage-based add-on that links a portion of your OD premium to the distance you drive. Instead of paying the same rate as someone who spends hours on the road every day, PAYD allows drivers with lower annual mileage to benefit from reduced premiums.
Investors heartened by Warsh inflation talk, still uncertain about Fed action
Federal Reserve Chair Kevin Warsh made it clear that inflation control is a top priority. He suggested that to combat escalating price pressures, interest rate hikes may soon be necessary. This announcement sent the markets into a hawkish frenzy, heightening expectations for a rate increase come September. Investors remain cautious, eagerly anticipating key economic data on jobs and inflation for guidance on potential Fed actions.
Gold drops 3% as Fed's Warsh comments lift rate hike bets
On Friday, gold prices plummeted by more than three percent due to comments from Federal Reserve Chairman Kevin Warsh regarding inflation. As a result, traders heightened their expectations for a possible interest rate increase in September. Consequently, gold futures closed lower, retreating from their recent peaks, while a stronger dollar made gold less accessible to foreign investors.
Oil settles lower on clues about Fed policy, rumors of Hormuz deal
On Friday, oil prices dipped, driven by signals from the Federal Reserve and circulating rumors regarding the Strait of Hormuz. Market traders assessed the possibility of rate hikes by the U.S. Federal Reserve aimed at battling inflation. Additionally, talks of a potential agreement to reopen the Strait influenced the market dynamics, which were affected by inconsistent oil flows, as U.S. officials addressed Venezuelan crude reserves.
Global Markets | European shares rise as French stocks rebound; markets digest Warsh speech
European stock markets experienced a slight uptick this week, buoyed by a notable recovery in French equities. Investors keenly scrutinized remarks from Federal Reserve Chair Kevin Warsh for insights into future monetary policies. With a downward revision in French GDP growth, concerns loom over the economy, prompting traders to adjust expectations for European Central Bank interest rate shifts. Positive earnings reports from various companies also contributed to stock value increases.
Tech leads D-Street bound, FPI play in focus
On Friday, Indian equities bounced back, driven predominantly by a surge in technology stocks. Investors showed renewed interest in undervalued IT shares, aided by a decline in crude oil prices. After a prolonged period of selling, foreign investors reversed their trend, becoming net buyers in July and August. Broader market indices also benefited from this trend, as mid and small-cap stocks appreciated.
RBI plans buyback of Rs 30,000 crore G-Secs
The Reserve Bank of India has announced a buyback of government securities amounting to Rs 30,000 crore, targeting those set to mature in the fiscal year 2027. This strategic decision aims to alleviate the impending redemption pressure, as over Rs 6 lakh crore in securities are approaching maturity. The buyback is scheduled for September 3.
RBI plans buyback of Rs 30,000 crore GSecs
The Reserve Bank of India has announced a buyback of government securities amounting to Rs 30,000 crore, targeting those set to mature in the fiscal year 2027. This strategic decision aims to alleviate the impending redemption pressure, as over Rs 6 lakh crore in securities are approaching maturity. The buyback is scheduled for September 3.
Jio Platform gets Sebi's nod for Rs 37,000 crore IPO
Jio Platforms has gained Sebi's green light for its anticipated initial public offering, which is projected to garner between $3.5 and $4 billion. This marks Reliance Industries' first IPO in almost 20 years. The firm intends to issue new equity shares, albeit only representing a minor equity stake. A portion of the raised funds will help in offsetting loans for Reliance Jio Infocomm.
The 8th Pay Commission is stepping up consultations across India. Here are the five latest official updates on regional meetings, submissions, consultants, fitment factor, salary revision and the expected timeline.
Retail shareholder counts fell sharply in several widely held stocks during Q1FY27. Suzlon Energy, Tata Motors, Yes Bank and Adani Green Energy were among the biggest decliners.
RIL says Jio Platforms receives SEBI observation letter for proposed IPO
Jio Platforms, a subsidiary of Reliance Industries, has received an observation letter from the Securities and Exchange Board of India (SEBI) for its Draft Red Herring Prospectus (DRHP) for the proposed initial public offering (IPO).
Want to turn 50,000 into 1 lakh? Compare KVP, PPF, SCSS, Sukanya Samriddhi and NSC interest rates, doubling periods, eligibility, tax treatment and lock-ins to identify which small savings scheme best suits your financial goal.
Indian bank stocks see sharp NSE-BSE closing price gaps under new auction system
The divergence has intensified scrutiny of a mechanism introduced on August 3, with traders warning that unusual volatility could erode market confidence.
Stocks of some Indian banks show widest exchange price gap in decades
Large discrepancies in closing values were seen in IndusInd Bank, AU Small Finance Bank Ltd., IDFC First Bank Ltd., and Federal Bank Ltd.
Bank Holiday Today, 29 August: Are SBI, PNB, HDFC, ICICI, and Axis Bank branches open?
Bank Holiday Today, August 29, 2026: SBI, PNB, HDFC Bank, ICICI Bank and Axis Bank branches are open as it is the fifth Saturday, and digital banking services remain available as usual.
India's bullet train project, linking Ahmedabad and Mumbai, is set to launch soon after nearly ten years since its announcement. Learn more about features, cost, design and other details of made-in-India first high-speed rail project.
SEBI extends ETF norms implementation deadline to September 7
The regulator said the extension followed feedback from stock exchanges and was aimed at ensuring a smooth rollout of the provisions.
CNG price hike: IGL raises rates by 3.89 per kg in Delhi from today
Higher spot LNG prices since the beginning of the West Asia conflict have increased input costs, prompting a calibrated price revision
US stocks today: US stocks end lower as Warsh keeps inflation fight front and centre
US stocks ended lower as Fed Chair Kevin Warsh reaffirmed the central banks focus on bringing inflation to 2%, raising expectations for a possible September rate hike. The Dow, S&P 500 and Nasdaq fell, while Nvidia and other tech stocks weakened. Investors also assessed mixed corporate earnings and economic data.
Bankers question role of RP in the Subhash Chandra case and how net worth was computed
Dissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how his networth fell from more than Rs 40,562 crore when he issued the guarantees to Rs 32 crore in 2025, the crowding out of lenders by related party entities in the committee of creditors (CoC), and the role of resolution professional (RP) Shiv Nandan Sharma in admitting questionable entities as creditors highlights the difficulties in recovery in high-profile cases.
At $729 billion, India's forex kitty a record
India's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a specialized swap window. The foreign currency assets grew by $9.4 billion, while gold reserves also experienced a positive shift. The RBI's new facility has helped gather $72.85 billion in inflows since its June launch, resulting in a total growth of $48 billion in reserves attributed to this initiative.
The income tax department said more than seven crore ITRs had been submitted as of 27 August.
Gap shares surge 24% after Old Navy leadership shake-up, profit forecast raised
Gap shares jumped as much as 24.1% after the retailer named Michael Francis as Old Navy CEO and raised its annual profit forecast. The appointment comes as Old Navy struggles with falling comparable sales, while Gap's other brands gain momentum. Investors are betting on a turnaround at the company's biggest brand.
AMFI has re-elected Sundeep Sikka as Chairman and Vishal Kapoor as Vice Chairman. Here's a look at the careers, experience and industry roles of the two executives who will continue to lead Indias mutual fund industry.
Odisha Chief Minister Mohan Charan Majhi announced the release of over 5,160 crore under the Subhadra Yojana. To check your instalment, visit the official portal or your bank account. Use your mobile number, Aadhaar, or application ID to verify the application status.
Sikka re-elected as AMFI chief
Both executives will continue to guide the strategic growth of Indias mutual fund sector, strengthening market trust and furthering nationwide financial inclusion
Jio Platforms gets SEBI nod for biggest IPO listing of around 37,700 crore
Debt repayment, strong cash flows underpin investor optimism around Jio IPO
Hero MotoCorp buys Rs 1,758 crore Ather Energy stake in block deal
Hero MotoCorp acquired 1.18 crore shares of Ather Energy for Rs 1,758 crore. This purchase significantly deepened Hero MotoCorp's existing holding in the electric two-wheeler maker. The Government of Singapore was the seller in this substantial block deal transaction. Hero MotoCorp's stake in Ather Energy now stands at approximately 32.8 percent. This move strengthens Hero MotoCorp's position in India's growing electric mobility market.
Purple Style Labs collects 306 crore from anchor investors; IPO to open on Aug 31
Purple Style Labs allots 53.22 lakh equity shares to 10 anchor investors at 575 per share
Jackson Hole: Will Kevin Warsh's inflation warning put Nifty under pressure on Monday?
Nifty faces potential pressure on Monday following US Fed Chairman Kevin Warsh's hawkish inflation comments at Jackson Hole. Elevated US bond yields, a stronger dollar, and rising crude oil prices threaten foreign institutional flows, while technical analysts highlight 24,200 as a key resistance level for the Indian stock market.
AEPC urges Commerce Minister to consider measures to regulate cotton yarn export
This is due to the sharp increase in yarn prices and the growing pressure on the competitiveness of Indias apparel export industry
Blackstone to sell up to 25% stake worth Rs 11,988 crore in Knowledge Realty Trust
Blackstone plans to sell up to 25.03% of Knowledge Realty Trust units. This offer for sale aims to meet regulatory public unitholding requirements. The sale includes a base offer and an oversubscription option for additional units. The transaction will occur over two trading days on BSE and NSE. Blackstone and related entities currently hold a significant stake in the trust.
Sebi bars Trafiksol ITS, promoters for 1 year for misleading IPO disclosures
Sebi has banned Trafiksol and its promoters from the securities market for one year. Monetary penalties were also imposed on the company and its two promoters. The regulator found misleading financial disclosures and inflated revenue figures in the company's IPO documents. Sebi also noted concealment of material facts and submission of false information regarding Oasis Corpcare. The IPO was unwound after Sebi directed Trafiksol to refund investors and cancel shares.
PayPal shares crash 13% on reports Advent-Stripe consortium walks away from bid
PayPal shares fell 13% after Advent International and Stripe reportedly abandoned plans to acquire the payments giant. The consortium had offered $60.50 per share, valuing PayPal at about $53 billion. Valuation concerns and regulatory hurdles reportedly derailed the deal, adding pressure to the company's ongoing turnaround efforts.
Purple Style Labs secured Rs 306 crore from anchor investors before its upcoming IPO. The company will open its initial public offering for subscription on Monday, August 31. This luxury fashion platform operates under Pernia's Pop-Up Shop, offering curated designer products. It sources items from 1,109 active designer brands, focusing on wedding and occasion wear. Purple Style Labs utilizes an omni-channel model with 14 global experience centers.
SEBI bars Trafiksol, promoters from markets for a year
Final order follows investigation into misleading disclosures and a fabricated software quotation in the SME IPO
Lenskart Solutions experienced institutional transactions totaling Rs 1,857 crore on August 28. Numerous domestic and global investors purchased shares at Rs 630 apiece from sellers. The company's shares closed at Rs 636.15 on the NSE, down slightly from the previous day. Lenskart's stock has gained 45.06% year-to-date in 2026. The eyewear company debuted on the stock market in November 2025.
FCNR (B) inflows: Indias forex reserves soar to an all-time high of $729.328billion
Since March-end 2026, Indias reserves perked up by $38.221 billion
US Treasury yields rise after comments from Fed's Kevin Warsh at Jackson Hole
U.S. Treasury yields saw an increase during trading sessions. Federal Reserve Chairman Kevin Warsh indicated further action may be necessary. Policymakers need confidence that inflation is returning to the target.
Big tax relief: How a former BSNL employee won full VRS exemption at Chennai ITAT
Tax experts said the former employee succeeded because the Chennai ITAT accepted that the compensation paid under BSNL VRS-2019 was, in substance, retrenchment compensation rather than ordinary VRS compensation.
US Treasury yields rise: How it could impact Indian bonds and borrowers
US Treasury yields are rising amid concerns over US debt, deficits and inflation. Here's how higher US yields could affect Indian bonds, foreign flows and borrowing costs, and why investors should watch the US bond market.
Reliance Jio IPO approved: Is it too late to buy RIL shares to be eligible for shareholder quota?
Jio Platforms has received SEBI approval for its upcoming initial public offering. Reliance Industries shareholders may still qualify for a reserved portion of the offering. The final details regarding share reservation and the record date are pending. This IPO marks a major value creation milestone for Reliance shareholders.
Step-up SIP explained: How an extra 1,000 can boost your retirement corpus
A slightly higher starting contribution can produce a considerably larger corpus when combined with the same annual step-up strategy.
US stocks today: US stocks open subdued ahead of Warsh's speech
Wall Street opened mostly flat on Friday as the AI-driven rally lost momentum ahead of Federal Reserve Chair Kevin Warshs Jackson Hole speech. The Dow and S&P 500 edged higher, while the Nasdaq slipped. Investors are watching Warshs comments for clues on US interest rates and the Feds policy outlook.
From old economy to niche players, the IPO market is different, healthier
A broader mix of industrial, niche and institution-backed companies is reshaping Indias IPO landscape
