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Slice raising $100 million in first funding after becoming a bank
An extraordinary general meeting notice issued by Slice Small Finance Bank Ltd and reviewed by Mint shows that the lender is seeking shareholder approval to raise 485 crore through compulsorily convertible debentures and partly paid equity shares.
HDFC Bank garners nearly $12 billion through FCNR-B deposits under RBI swap window: Report
The deposits were raised at an interest rate of 6.25%, and they could provide a significant boost to the private lenders foreign-currency resources.
Calcutta exchanges unlisted shares double on revival hopes
Calcutta Stock Exchange shares have more than doubled in the unlisted market in three months as hopes of a revival gain momentum. The exchange is seeking to pause its voluntary exit process and explore opportunities across equities, derivatives, bonds, currencies and commodities, though any revival will require regulatory approvals and potential anchor investors.
Bluehill leads 10.2 cr seed round in semicon metrology startup Makr Microsystems
The Fund is looking beyond the most visible parts of the semiconductor value chain to back frontier technologies that can become critical infrastructure for the industry
SEBI to review CAS-based settlement price mechanism for derivatives
Consultation paper on revised methodology will be issued in a week
CAI in pact with NCDEX to strengthen cotton futures market
Kotak emphasised that futures perform three vital functionsprice discovery, hedging and risk management, and providing liquidity
Sensex puts surge as closing auction sees 2,100-point swing
Since its introduction on August 3, CAS has seen sharp price swings and divergence due to a lack of participation.
Ahead of Market: 10 things that will decide stock market action on Friday
The Indian stock market closed lower Thursday, with Sensex down 417 points and Nifty falling 41 points, pressured by high oil prices, bond yields, and geopolitical tensions. Despite strong domestic growth, near-term market direction hinges on global risks and crude oil volatility.
Sebi to review derivatives settlement price methodology after CAS volatility
Sebi will review derivative settlement prices after market feedback. The Closing Auction Session's impact on expiry-day settlement is a concern. Traders reported sudden option price swings during the auction window. This review follows the equity cash segment's Closing Auction Session introduction. A consultation paper on proposed changes will be issued soon.
Fosun Pharma plans to divest 5% equity in Gland Pharma through a Rs 2,279.5 crore block deal at Rs 2,763 per share. Gland Pharma reported a 47% rise in Q1FY27 profit and operates globally, with strong R&D and growth.
Sebi to review CAS methodology for derivative contract settlement prices
Move follows major uproar against the newly implemented mechanism
Supreme Court disposes of SEBI pleas against NSEs co-location, dark-fibre cases
A 1,491-crore settlement clears the key regulatory overhang for the IPO, but the former officials legal position remains separate
XTGlobal secures cloud engineering and services contract from U.S. State Govt.
XTGlobal Infotech announced its selection as a qualified technology partner under a multi-year Cloud Engineering and Technical Services program for a U.S. State Government technology authority. The agreement carries an initial two-year term with three additional one-year renewal options, creating a potential five-year contracting framework.
Indian Energy Exchange records highest-ever monthly electricity volume in August
The average market clearing price rose 22 per cent in the Day-Ahead Market and 30.4 per cent in the Real-Time Market.
Kalyani Strategic Systems signs strategic alliance agreement with Thales for 70-mm rocket systems
During the Belgian state visit to India, Thales and Kalyani Strategic Systems (KSSL), the wholly-owned defence subsidiary of Bharat Forge, signed a Strategic Alliance Agreement to explore collaboration on both the unguided and laser-guided variants of Thales' 70-mm rocket systems, which are already in use by the Indian Armed Forces.
Kalyani Strategic Systems signs MoU with FN Herstal
To establish local manufacturing of small arms and C-UAS systems
Ramco Systems signs MoU with Safran Helicopter Engines
To collaborate on integration of Safran's engine data with Ramco Aviation Software
CreditAccess Grameen successfully raises Rs 300 cr via NCDs
CreditAccess Grameen has successfully raised Rs 300 crore in September 2026 through private placement of non-convertible debentures (NCDs). The issue launched was fully subscribed and bilaterally placed with Barclays Bank PLC, a qualified institutional buyer.
Bank stocks rise as strong FCNR (B) inflows boost liquidity outlook
RBI data showed banks mobilised $127.2 billion through FCNR(B) deposits, while analysts expect the inflows to support liquidity, credit growth and lower rates
Brokers Call: UltraTech Cement (Buy)
Choice Institutional Equities
Can one co-owner be taxed alone on property value and stamp duty difference? What ITAT says
The ITAT delivered a significant ruling in the case of a Mumbai taxpayer who, in 2017, purchased a flat jointly with his wife in Chembur. The actual consideration paid for the property was 60 lakh, while its stamp-duty value was 94.8 lakh, creating a gap of around 34.8 lakh.
Tyson Foods cuts annual profit forecast again as beef pressure drains margins
Tyson Foods has revised down its profit and sales targets for fiscal 2026 due to rising challenges within the beef segment. The company anticipates that declining cattle prices will adversely impact its margins. To adapt to these industry-wide cattle-cycle dynamics, Tyson Foods plans to either close or sell three of its beef plant operations.
Campbell's forecasts weak year ahead on pressured consumer spending
Campbell's is aiming for substantial cost savings by 2030, after announcing a cut to its quarterly dividend to focus on debt reduction. In a surprising turn, the company's fourth-quarter revenue fell more sharply than expected by analysts. In this context, many lower-income consumers are moving to more affordable brands and store labels, leading Campbell's to revise prices across its entire product range.
US Fed's Christopher Waller appeals to 'give disinflation a chance', hold rates steady
Federal Reserve Governor Christopher Waller expressed openness to steady interest rates, contingent on forthcoming inflation indicators showing a decline. However, if inflation persists, a rate hike in September can't be ruled out. He underscored the importance of inflation trends in shaping his policy decisions. The market has adjusted its expectations regarding potential rate changes, reflecting these sentiments.
Rajasthan Rera imposes penalty on Ashiana Housing
For delay in completion of 'Ashiana Dwarka' Phase-5 located at Jodhpur
NSE shares see surge in grey market volumes amid listing hopes
Retail investors return to NSE unlisted market as IPO hopes brighten
FCNRB deposits: Why bank investors should watch RoE, not just NIM
FCNR(B) deposits could boost banks return on equity despite a mild impact on net interest margins, according to Anand Rathi. Exemptions from reserve requirements, capital-efficient lending and longer tenors could improve returns. The brokerage analysed four scenarios, including deposit costs, leverage and rising rates, to assess the schemes benefits.
For Indian freelancers, the invoice value of an overseas client payment may not be the amount that reaches their bank account. FX conversion margins, platform fees and SWIFT costs can reduce the final INR payout. Here is how freelancers can calculate the actual amount they received.
Crude fears cap Niftys gap-up; rupee posts biggest single-day gain since July
The rupee gained 49 paise as massive inflows from the RBIs concessional swap scheme far exceeded market expectations, analysts said
US stocks today: US stocks open higher after Fed's Waller signals patience on rate policy
Wall Streets main indexes opened higher on Thursday after Federal Reserve Governor Christopher Waller said he was open to keeping interest rates unchanged this month if data confirms cooling inflation pressures. The Dow Jones, S&P 500 and Nasdaq Composite all gained at the open, extending gains across major US indexes.
Ceigall India receives LoI for transmission project worth Rs 5,300 cr
From REC Power Development and Consultancy
Innovision secures Mangapatnam Fee Plaza toll collection contract of Rs 48.52 cr
Ola Electric weighs fresh fundraising three months after 780-crore QIP
The latest fundraising also comes as Ola continues to commit capital towards its manufacturing operations
Rays of Belief IPO closes 107 times subscribed as institutional demand surges
Institutional demand strengthened sharply on the final day, helping transform the issue from a tepid response into heavy oversubscription
Deepa Jewellers IPO closes 42x oversubscribed on final day
Strong demand came from non-institutional investors, qualified institutional buyers and retail investors during the three-day bidding window
NPS Active vs Auto Choice: Which investment option is right for your retirement goals?
One mistake investors may make is assuming that the option with greater equity exposure is necessarily the best choice, particularly when they are young.
Led by China, central banks continued to buy gold in July
Emerging markets accumulate gold with Poland continuing its purchases, but gold addition is lower than the same period a year ago
India bonds pare gains as oil spike tames FCNR boost
Early Thursday trading saw Indian government bonds lose their initial gains as stronger dollar inflows were overshadowed by soaring oil prices. Traders covering short positions led to better performance in shorter maturities. Abundant liquidity helped reduce overnight indexed swap rates, but the spike in oil prices heightened concerns about India's inflation trajectory and fiscal integrity.
CAS chaos returns: Sensex puts explode up to 400% as fag-end slide jolts traders
Sensex experienced a sharp 2,100-point drop during the closing auction session on expiry day, causing a massive surge in out-of-the-money put options. This volatility highlights ongoing concerns about the closing auction sessions impact on index derivatives pricing.
PFRDA proposes changes to Point of Presence regulations: What NPS subscribers need to know
PFRDA has proposed changes to the Point of Presence framework that could expand NPS access through more types of entities and a dedicated digital route. The proposals also strengthen oversight of NPS Mitras, subscriber-data confidentiality and PoP accountability for fraud or negligence.
Indian markets extended losses on Thursday, with the Sensex falling nearly 0.6% and the Nifty declining 0.17% as geopolitical tensions and elevated crude prices weighed on sentiment. Realty stocks outperformed, while IT stocks lagged. Heres a look at the top Nifty and Sensex gainers and losers, along with the technical outlook.
NHAI launches monthly toll pass for 350: What is it, how to apply, who is eligible and more
National Highways Authority of India has recently launched a monthly pass for those commuting via National Highway. Priced at 350, the initiative aims at saving time and cost at toll plazas.
When Nithin faked being Sachin: Kamath looks back on using a pseudonym in early years of Zerodha
Zerodha founder Nithin Kamath recalled how a 15-year-old media appearance helped boost the brokers account openings in its early days. He also revealed that he used the pseudonym Sachin and even faked an accent while speaking to a journalist. Kamath later turned to social media as traditional medias influence waned.
The Shah Rukh Khans of the kitchen: Inside the world of chef-led micro-restaurants
Hidden doors, eight-seat counters, and months-long waitlistsIndias dining scene is going micro. Step inside the ultra-intimate, chef-led spaces where hyper-regional ingredients, high-margin economics, and immersive storytelling are trying to redefine the country's luxury culinary landscape.
Retail sugar price drops 3.85% to 62.57/kg in a week: Govt data
The average wholesale price of sugar too dropped to 57.62 per kg on September 2 from 60.39 per kg a week ago, as per the data maintained by the consumer affairs ministry.
Up to 290% gains! SBI, Federal Bank make massive windfall as Arcils Rs 733-crore IPO hits D-Street
SBI and Federal Bank have gained 281% and 292%, respectively, on Arcil investments as the asset reconstruction company launches its Rs 733-crore IPO. The entirely OFS issue opens September 9, with Arcil reporting stronger FY26 profit and revenue growth overall.
PC Jeweller clears debt to one more bank, nears debt-free status
The company has now repaid all outstanding debt to 9 of the 14 consortium banks, with every repayment completed ahead of the scheduled due dates
Rupee hits 10-week closing high of 94.48 per US dollar
The currency posted its biggest daily gain since July 27, after the RBIs FCNR(B) scheme attracted hefty dollar inflows even as importer demand pared some of its earlier gains.
Pension delayed? Why retirees in contributory schemes can now take the matter to consumer court
Retirees facing delayed pension payments under contributory schemes may approach consumer courts, following an important NCDRC ruling that recognised pension contributors as consumers and treated unjustified delays as deficiency in service.
A seven-year house goal can justify high equity exposure initially, but the portfolio should gradually move towards safer assets as the purchase nears. Experts explain which mutual fund categories may suit the goal, why diversification matters and how to protect the corpus from market volatility.
Kanohar Electricals IPO to open September 8; price band fixed at Rs 601632
Kanohar Electricals will launch its IPO on September 8 with a Rs 601632 price band, targeting up to Rs 1,055.74 crore. The transformer maker plans to use proceeds for working capital, expansion and sustainability initiatives.
Bitcoin consolidates around $77,000 as investors assess US interest-rate outlook
Bitcoin traded around $77,863 on Thursday as investors weighed improving risk sentiment against uncertainty over US interest rates and upcoming employment data. While BTC and Ethereum attempted a recovery, analysts said key resistance levels remain crucial, with Bitcoin needing to reclaim $78,400 for stronger short-term momentum.
Glass Wall Systems announces IPO price band for issue opening on September 8. Check details
Glass Wall Systems has fixed its IPO price band at Rs 172-182 per share, with the issue opening on September 8 and closing on September 10. The Rs 60 crore fresh issue and OFS of up to 2.02 crore shares will fund a glass processing unit and general corporate purposes, while the companys strong order book and position in Indias facade solutions market remain key highlights.
Global Market: European stocks rise as bond selloff eases; investors await U.S. jobs data
After three consecutive days of declines, European stocks rebounded on Thursday, fueled by a respite in the global selloff of government bonds. Investors are keenly anticipating upcoming US economic data, which might offer insights into future policy changes. While oil prices dipped, they remained high enough to keep inflation concerns alive, and individual company news saw notable movements in shares of Deutsche Telekom and Soitec.
RBI deputy governor Murmu urges NBFCs to diversify funding resources
A deeper, more liquid corporate bond market would help strengthen funding structures, while securitization should evolve beyond its role as a liquidity tool, Murmu said
Board of Persistent Systems approves fund raising up USD 1,250M
At meeting held on 03 September 2026
Strong and diverse credit system is essential for India, says RBI Deputy Governor
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Arcil IPO to open September 9 at 132139 price band
The company has fixed the price band at 132 to 139 per equity share, with a face value of 10 each
Bank holiday tomorrow, 3 September: Will SBI, HDFC Bank and others remain closed for Janmashtami?
Banks in multiple cities, including Ahmedabad and Chennai, will be closed on September 4 for Janmashtami. Holiday observance varies by city, so customers should verify bank schedules against the RBI list before visiting.
The gold trade is dead. Long live gold.
Record US borrowing, weaker Treasury demand and rising fiscal pressures could eventually force policymakers to tolerate inflation and negative real ratesconditions that favour gold.
Board of Canara Bank approves raising USD 2,000M through Senior Notes issuance
At meeting held on 03 September 2026
Titan Biotech spurts after board approves 1:4 bonus issue
Titan Biotech jumped 4.86% to Rs 435 after the company's board approved a 1:4 bonus issue, subject to shareholders' approval.
Suryalakshmi Cotton Mills Ltd leads losers in 'B' group
Somi Conveyor Beltings Ltd, Odyssey Corporation Ltd, Loyal Textile Mills Ltd and Quint Digital Ltd are among the other losers in the BSE's 'B' group today, 03 September 2026.
Titan Biotech jumps 5% on 1:4 bonus issue, dividend announcements
Titan Biotech shares have delivered multibagger returns, rising 208 per cent in one year and 536 per cent over five years.
Dollar pullback, higher than expected Eurozone PPI keeps EUR/USD supported above $1.16 mark
The Euro surged to around $1.1613 following a fresh Eurostat report showing Eurozone Producer Price Index (PPI) inflation jumped 1.6% month-on-month in July. This will typically drive a more aggressive stance from the European Central Bank (ECB) at its upcoming monetary policy meeting. The single common currency rebounded from a two-week low on Thursday tracking a notable pull back in dollar as oil halted recent rally on signs of easing geo-political concerns. President Trump said the latest attacks on Iran would be short-lived, easing inflation concerns and reducing safe-haven demand for the greenback. In the Eurozone docket, Eurozone PMI data have failed to boost confidence in the Eurozone's economic outlook. S&P Global Eurozone Composite PMI came in at 52.0 in August 2026, broadly in line with the preliminary estimate of 52.1 and little changed from Julys eight-month high. However, Eurozone Services PMI was inched down to 51.6 in August of 2026 from 51.7 in the previous month.
Deepak Fertilisers & Petrochemicals Corp Ltd leads losers in 'A' group
HFCL Ltd, Multi Commodity Exchange of India Ltd, Gravita India Ltd and eClerx Services Ltd are among the other losers in the BSE's 'A' group today, 03 September 2026.
Gold price today: Futures rise 1,029 to 1.53 lakh/10 gm on firm spot demand
Fresh positions by market participants led to a rise in golds prices, analysts say
Deductibles and co-pays can significantly change how much you pay from your pocket despite having health insurance. Heres how the two work, when each can cost more, and the policy clauses you should check before buying.
Sensex, Nifty trade with small gains; media shares rally
Media shares advanced after declining in the past trading session.
CARE Ratings reaffirms ratings of Vimta Labs at 'A/A1' with 'stable' outlook
Vimta Labs said that CARE Ratings has reaffirmed the company's long-term rating at 'CARE A' with 'stable' outlook.
Inox Wind rises on 100 MW turnkey order from Indian Oil
Inox Wind rose 3.29% to Rs 72.91 after the company secured a repeat turnkey order from Indian Oil Corporation for a 100 MW wind power project, with a contract value of approximately Rs 755 crore.
Volumes spurt at Elecon Engineering Company Ltd counter
Elecon Engineering Company Ltd registered volume of 65.92 lakh shares by 14:14 IST on NSE, a 20.92 fold spurt over two-week average daily volume of 3.15 lakh shares
Autoline Industries surges after securing new contract from Tata Motors Passenger Vehicles
Autoline Industries jumped 10.99% to Rs 94.25 after the company announced that it has secured a new business award from Tata Motors Passenger Vehicles for the supply of critical components for SUV applications.
D B Corp Ltd down for fifth straight session
D B Corp Ltd is quoting at Rs 193.84, down 0.22% on the day as on 13:19 IST on the NSE. The stock tumbled 10.12% in last one year as compared to a 3.25% slide in NIFTY and a 3.87% spurt in the Nifty Media index.
Tube Investments of India Ltd down for fifth straight session
Tube Investments of India Ltd is quoting at Rs 2693.5, down 0.97% on the day as on 13:19 IST on the NSE. The stock tumbled 10.12% in last one year as compared to a 3.25% slide in NIFTY and a 7.23% spurt in the Nifty Auto index.
Term insurance for students: why insurers are selling life cover before careers begin
Term insurance is reaching students as young as 18, offering lower premiums and early insurability. But without income, dependants or debt, does buying life cover before a career begins make sense?
Why this fund manager is bullish on the manufacturing theme
R. Sivakumar, chief investment officer of Axis Mutual Fund, sees an opportunity in manufacturing, especially exports, and especially in mid- and small-caps.
Adani Ports shares rise 2% on record August cargo volumes, brokerages bullish
Adani Ports stock jumps to an intraday high of 1,710.80 from 1,672.70 previous close
PPF or SIP: Which is better for long-term wealth creation and financial stability?
PPF or SIP: Key differences in risk, returns, taxation, liquidity and investment horizon are explained to help you decide whether one or both fit your longterm financial goals.
Corporate stress remains benign despite IBC delays and deep haircuts: Kotak
India's corporate credit cycle is expected to remain stable in the near future. Strong corporate balance sheets and moderate debt levels support this positive outlook. However, the Insolvency and Bankruptcy Code faces ongoing delays and low recovery rates. Manufacturing leads sector contributions to resolution plans under the IBC. Recent reforms aim to improve resolution timelines and recovery outcomes for lenders.
Experienced travellers combine travel credit cards, local currency, and backup payment methods for international trips. Comparing exchange rates, forex markups, and acceptance influences payment choices abroad. SBI Card offers features like global acceptance and travel rewards for international journeys. Travellers should enable international transactions and verify credit limits before departing India. Paying in local currency often reduces overall transaction costs compared to Indian Rupees.
Choosing the right mutual fund requires more than simply picking schemes with strong past returns. ETMutualFunds has shortlisted 10 funds across five equity categories based on mean rolling returns, consistency, downside risk, outperformance and asset size, while considering investors goals, investment horizon and risk profile.
In an impressive performance, approximately thirty-seven equity mutual funds have surpassed the remarkable milestone of one hundred percent returns. The Motilal Oswal Midcap Fund stands out, boasting gains of one hundred fifty-nine percent. This surge is notably driven by mid and small cap funds, reflecting a broad trend of strong double-digit returns across diverse equity fund categories during this period.
India stalls Alipay+ payments link over security, data concerns, sources say
India has stalled Alipay+'s proposal to link with its instant payments system. National security concerns and data usage questions are the primary reasons for this decision. The Indian government cited political grounds for halting the integration of the payment platforms. Law enforcement agencies also raised concerns about money laundering and data breaches.
8th Pay Commission salary hike: How a 7% annual increment could mean 29 lakh extra pay in 10 years
Central government employee bodies have demanded annual increments of 5%-7% under the 8th Pay Commission, against the current 3% rate. An illustrative calculation shows that a Level 8 employee could earn nearly 29 lakh more in cumulative basic pay over 10 years at a 7% increment.
Need money urgently? Here's how to choose the right funding option.
Facing a financial emergency necessitates a strategic approach to funding resources. For SBI Credit Card users, features like Flexipay and Balance Transfer on EMI can alleviate immediate pressures. Although Cash Advance is available for urgent cash needs, it presents hefty charges; hence, it should be reserved for critical situations. Analyzing one's ability to repay, alongside differentiating between direct cash needs and payments to merchants, is key.
US private credit portfolios show signs of stabilisation in second quarter
In the second quarter of 2026, US private credit portfolios experienced a notable trend of stabilization, despite lenders continuing to mark down software loans. There was an increase in non-accrual debt, leading to portfolio values dipping below reported costs due to significantly widened market spreads. This situation highlights rising pressures in specific areas of the private credit landscape, particularly in the software sector where markdowns were more pronounced.
India's new closing auction pushes options traders to smaller bets
India's new closing auction is prompting options traders to cut positions and add hedges as sharp swings in the final 15 minutes make closing levels harder to predict
