30 C 
HDFC Bank CEO Sashidhar Jagdishan to step down in October
Ending all speculation over extension, Jagdishan has told the board he won't be seeking reappointment. The bank will now fast-track the successor selection process.
On September 1, LPG and ATF prices, along with banking charges, may change. Consumers should check local prices and bank fees to avoid unexpected costs. Important tax deadlines also impact taxpayers, with August 31 being crucial for return filings and Aadhaar authentication.
Subhash Chandra denied accusations regarding a 22,000 crore personal debt, asserting true lender claims are 3,992 crore. Canara Bank, Union Bank, and LIC Housing Finance plan to contest the NCLT's endorsement of a contested repayment arrangement in upcoming NCLAT appeals.
There is increasing demand for education loans from Tier II and III cities, lending data from Kuhoo Finance platform showed. Smaller cities account for 86.5% of applications on the platform, it added.
Dussehra bonus: Central govt employees demand 3x jump in 7,000 payment ceiling
In a letter to the Cabinet Secretary, the National Council highlighted that the central government's revision of the minimum wage to 21,000 per month alters the calculation formula
In September 2026, banks in India will observe holidays based on regional celebrations, as per the RBI calendar. Customers should confirm local bank schedules before visiting, as not all holidays apply nationwide. Digital services remain available during closures.
HDFC Bank CEO Sashidhar Jagdishan steps down: How the lender fared under his leadership
HDFC Bank CEO Sashidhar Jagdishan announced his resignation as his term ends on October 26. He has led the bank since October 2020, overseeing significant mergers and profit growth, while also facing controversies related to irregularities and regulatory issues during his tenure.
UPI transaction limits explained: From 1,000 to 5 lakh, how much can you transfer?
NPCI and the RBI have permitted higher transaction limits for certain categories. These include tax payments, initial public offerings (IPOs), hospitals and educational institutions, among others
HDFC Bank CEO Sashidhar Jagdishan set to retire: Finance manager 'Sashi' who rose to corner office
HDFC Bank CEO Sashidhar Jagdishan will not seek reappointment after his term ends this October. He conveyed this decision to the board despite their persuasion efforts. The bank will now fast-track the process of selecting his successor. Jagdishan's tenure included overseeing the significant merger with HDFC Ltd. His departure marks the end of a nearly three-decade association with the institution.
8th pay commission meeting in Jaipur on Monday Here is what's on the agenda and latest updates
The 8th pay commission has scheduled a meeting in Jaipur from 31 August to 1 September to consult with employee groups and stakeholders before finalising recommendations. The announcement is expected latest by May 2027.
Private credit offers up to 22% returns: Why the advertised gains may not be what you get
Private credit offers higher returns but entails significant risks compared to traditional debt investments. Investors must evaluate underwriting practices, fund performance, and fees, while being mindful of liquidity and the impact of taxes on returns.
Can Indias Grid Handle the Renewable Energy Surge?
A Mumbai ITAT ruling has clarified how Section 54 applies when taxpayers invest in two adjacent flats. The Tribunals finding on their amalgamation could offer an important distinction from the rule governing investment in two separate residential houses.
Got 1 crore in ESOPs? You may need 22 lakh upfront before you can cash out
Falling valuations coupled with delayed exits decrease certainty regarding when and at what price shares can be monetized
Max Estates Ltd has acquired 84.71 acres in West Delhi for 420 crore via a share-swap. This marks their entry into Delhi's real estate after projects in Gurugram and Noida. Check how much it expects in revenue.
HDFC Bank CEO Sashidhar Jagdishan to retire in October, will not seek reappointment
HDFC Bank's Chief Executive Sashidhar Jagdishan will retire in October. He has decided not to seek reappointment when his current term ends. The bank's board accepted his decision after persuasion efforts failed. Mr. Jagdishan will step down from his services on October 26, 2026. This announcement was made by the lender in a stock exchange filing.
NRI inheritance: You live abroad, your assets are in India which country's laws decide who inherits?
Under Indian law, asset classification dictates which legal framework applies when someone dies without a will (intestate)
Innovision receives Manambadi fee plaza toll collection contract
In State of Tamil Nadu
Board of Parmax Pharma approves preferential issue of shares and warrants
At meeting held on 29 August 2026
Chemtech Industrial Valves board approves alteration of object clause of MoA
At meeting held on 29 August 2026
Troubled Essel Group and Zee founder Subhash Chandra has claimed that he is running expenses from income generated by renting out a portion of a small residential house that he owns. Here's what we know
Transformers and Rectifiers (India) bags large order from MEIL
Transformers and Rectifiers (India) announced that it has received a purchase order from Megha Engineering and Infrastructures (MEIL) for manufacturing transformers and related works.
Max Estates buys 85-acre land in Delhi to build projects, eyes Rs 10,000-12,000 cr revenue
Max Estates has successfully acquired 84.71 acres in West Delhi for a whopping Rs 420 crore. This bold move paves the way for future residential and commercial projects, estimated to yield between Rs 10,000 and Rs 12,000 crore in revenue. By entering Delhi's housing market, Max Estates significantly enhances its land portfolio while ensuring robust future growth without immediate cash expenditure.
Sebi bars Trafiksol ITS, its promoters from securities market for 1 year; slaps Rs 1.05 cr fine
Sebi has taken decisive action against Trafiksol and its promoters, imposing a one-year ban from the securities market. The company and its directors face penalties totaling Rs 1.05 crore after being found in serious breach of regulations concerning financial disclosures and the allocation of IPO funds. The decision comes in light of complaints regarding Trafiksol's SME IPO, which was significantly oversubscribed at a rate of 345.
Rima invests in PPF, while Seema opts for an equity SIP. Rima's corpus may reach 32.5 lakh after 15 years, tax-free. Seemas final amount fluctuates based on market returns, potentially achieving up to 46 lakh after tax, highlighting differing investment risk and reward dynamics.
If the collective total of specified excluded pay items exceeds 50% of an employees total compensation, any amount over that 50% mark will automatically be reclassified and treated as wages
MCX logs record daily turnover of Rs 62.93 lakh crore amid strong activity
MCX recorded its highest-ever daily turnover of Rs 62.93 lakh crore on August 28, driven largely by options activity across more than 3.13 crore contracts. The record comes as the exchange strengthens its physical-derivatives market linkage through standardised delivery norms, supporting greater participation, hedging and depth in commodity markets.
Turnover on MCX hits new high at 62.39 lakh crore
Total futures and options turnover stood at 62,93,465 crore, across more than 3.13 crore contracts; options accounted for 61,84,516 crore of turnover, while futures contributed 1,08,949 crore
GST Council's 57th meeting to be held on September 12, officers' meeting on September 11
The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in New Delhi. Details regarding the venue and agenda will be communicated shortly. The memorandum has been sent to various government offices and state finance ministers. The GST Council is India's apex indirect tax decision-making body.
Paul Blacks 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black
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
Reliance Jio
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.
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
Ather Energy introduces Konarc electric scooter starting at Rs 99,999
Ather Energy introduced Konarc, its new electric scooter aimed at expanding the company's presence in the mass-market electric two-wheeler segment.
US rate-hike expectations jumped sharply after Fed Chair Kevin Warsh
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.
Indias housing market sees structural shift towards premium, luxury homes: CareEdge Ratings
Indias housing market is seeing a structural shift towards premium and luxury homes, with affordable housing losing share in new launches. CareEdge Ratings said stronger demand from affluent buyers and rising development costs are driving the shift, even as housing sales moderate in some major cities amid affordability pressures and cautious sentiment.
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.
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
The Indian stock market ended higher on Friday, but heightened volatility and sharp index divergences amid the Closing Auction Session (CAS) have kept traders cautious. Technical analyst Sudeep Shah expects Nifty and Sensex to remain range-bound, while highlighting key support and resistance levels and identifying six stocks that could outperform in the coming week.
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
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.
Concurrent Gainers: 13 smallcap stocks that gain for 5 days in a row, surge up to 45%
Thirteen BSE SmallCap stocks advanced for five straight trading sessions through August 28, delivering cumulative gains of up to 45% despite a broader market decline during the period.
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.
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.
Wall Steet Week Ahead: Jobs report, Broadcom results pose next hurdles for stock market rally
In the coming week, the U.S. jobs data will be a focal point for investors, potentially impacting the Federal Reserve's interest rate strategies. Broadcom's quarterly results are anticipated right after Nvidia's stellar performance. The sustained rise in corporate profits is driving a bullish phase in U.S. equities, with optimism fueled by robust activities in the manufacturing and services sectors.
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.
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.
Nearly half of BSE 200 stocks fail to deliver returns in 2026. Whats dragging them down?
This year, numerous firms across various sectors are grappling with a lack of returns, a stark contrast to the previous years' performances. Key industries such as automobiles, FMCG, and IT are showing marked declines. Interestingly, capital goods stocks have demonstrated resilience, fueled by increased infrastructure spending. This downturn in the market parallels a slowdown in systematic investment plan inflows.
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.
