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US stocks: Tech selloff weighs down Wall Street as bond yields climb
Wall Street faced a downturn as escalating tensions in the Middle East triggered a surge in bond yields. A steep decline was particularly evident in technology stocks, with semiconductors taking the brunt of the losses. Investors pivoted from growth-focused sectors to safer bets like healthcare. Additionally, oil prices rose amidst geopolitical instability and changes in military strategies.
SC orders CBI probe against former Sammaan promoters
The apex court also directed the special court in Mumbai dealing with money-laundering cases to decide within two weeks on the CBI's plea seeking further investigation into a sixth transaction involving Rs 1,574 crore.
Buying a home in Noida? UP RERA notifies new IFMS rules Here's all you need to know
Here's all you need to know about Uttar Pradesh RERA's framework for collection, management, investment, transfer and utilisation of Interest Free Maintenance Security (IFMS) funds collected from homebuyers.
Anthropic pre-IPO credit facility set to climb past $10 billion
Anthropic is broadening its revolving credit facility past the initial target to prepare for its much-anticipated initial public offering. Multiple banks are looking to partake in the credit line, establishing their positions in the upcoming IPO. Bolstered by a surge in revenue, Anthropic is geared for its entrance onto Wall Street this fall.
Mutual fund ownership in India has shifted sharply over the past 13 years. The corporate share of AUM fell from 50.1% in 2013 to 36.7% in 2026, while retail and HNI investors combined share rose from 43.5% to 62.3%.
HSBC India is offering customers zero forex markup on all of its credit cards. We take a look at what this charge is, how it is calculated and explain what this could mean for the cost of your travels abroad.
Flexi-cap and multi-cap funds both invest across large-, mid- and small-caps, but their mandates differ. Despite similar returns, FY26 saw a sharp divergence in inflows. What is driving investor preference, and should investors rethink their multi-cap holdings?
Prudential gets CCI nod to acquire 75 pc stake in Bharti Life Insurance
India's fair trade regulator CCI has approved Prudential Corporation Holdings' stake acquisition. This acquisition involves a significant equity shareholding in Bharti Life Insurance Company. UK-based Prudential plc will acquire a majority 75 percent stake for Rs 3,500 crore. The transaction requires Prudential to reduce its holding in an existing venture. Post completion, Prudential's Indian operations will include majority-owned Bharti Life Insurance.
RRBs' gross loans rise 10.3 pc to Rs 5.78 lakh crore in FY26; PSL achievement at 91.7 pc
Regional Rural Banks saw gross loans rise 10.3 percent to Rs 5,78,349 crore. Their performance under Priority Sector Lending targets remained strong, achieving 91.7 percent. Agriculture and allied activities formed the largest credit component, accounting for 77 percent. MSME lending focused on micro enterprises, supporting rural entrepreneurs and small businesses. RRBs also extended significant credit to weaker sections and inclusive development areas.
Sammaan Capital says it's a victim, not accused, as SC asks CBI to probe loans
Shares of Sammaan Capital, formerly Indiabulls Housing Finance promoted by Gehlaut, fell more than 5% to a near three-month low of 145 on the NSE following the Supreme Courts order, before paring losses to close 2.2% lower at 150.23.
BSE Ltd. down to 4-month low after reports downgrade on CAS concerns
The stock closed 2.2% down to 3,527.00 a piece on August 12 and continued to dip everyday for five straight days, down 6.2% till yesterday.
In 2025, Trump's direct indexing strategy garnered attention for its trading efficiency and tax savings.
Gaja Alternative Asset Management mobilises Rs 165 crore from anchor investors
Gaja Alternative Asset Management secured Rs 165 crore from anchor investors on Tuesday. The company's Rs 550 crore initial public offering opens for subscription on Wednesday. The IPO includes a fresh issue of Rs 450 crore and an offer for sale. Proceeds will fund debt repayment, new fund seeding, and general corporate needs. Shares are scheduled to list on BSE and NSE on August 26.
Healthcare beats Nifty 50: Should investors shift from broader-market index funds to growth sectors?
Healthcare has outperformed the Nifty 50 across several periods, with the BSE Healthcare TRI delivering a 22.7% CAGR over seven years. But does this mean investors should look beyond their broad-market index funds and opt for sectoral funds?
Kotak Mahindra Bank raises $650 million in debut dollar bond sale
Kotak Mahindra Bank raised $650 million through its debut five-year dollar bond, pricing notes at 108 basis points over US Treasuries. Strong demand from Asian and European investors helped tighten pricing from initial guidance, with orders reaching $2.1 billion.
Sebi to soon float consultation paper on distribution framework for corporate bonds
Sebi is preparing to unveil a consultation paper focused on the distribution of corporate bonds. This initiative aims to refine the framework governing corporate bond sales and is evaluating additional distributor categories to broaden debt market participation. With the rise of online platforms, retail investors will gain improved access to privately placed bonds, while technological advancements are set to enhance transparency and efficiency in bond investments.
Sakarni Plaster to invest Rs 450 cr on expansion; to set up 2 building material plants
Sakarni Plaster has announced an ambitious plan to invest Rs 450 crore over the next two years. This investment will focus on establishing new manufacturing facilities for gypsum boards and paints, while also expanding the capacities of existing plants to cater to rising demand. The funding will be sourced from internal accruals and bank loans, reinforcing the company's strategy to consolidate its market position in India's building materials sector.
US single-family housing starts slide in July
The U.S. witnessed a notable decline in single-family homebuilding last month, primarily due to elevated mortgage rates. An increase in unsold new homes exacerbated this downturn. However, there was a slight uptick in permits for future construction of single-family homes. The overall new residential construction permits also saw an increase. The housing market continues to grapple with affordability concerns and supply constraints.
German apartment building permits rise 14% in June as sector recovers
Germany's property sector demonstrated a positive trajectory in June, marked by a nearly fourteen percent rise in apartment building permits. The tally reached twenty-one thousand six hundred units, showcasing a robust recovery compared to last year's statistics. However, experts highlight an ongoing necessity for heightened construction activity to meet growing housing demands and expectations in the market.
FM Sitharaman asks public sector banks to shake off government bank image, target youth
The finance minister urged state-owned lenders to engage citizens aged 16 and above through a nationwide campaign starting 2 October, while calling for expanded credit to farmers and priority sectors.
Realty firms, PE funds commit Rs 13K cr investment since 2025 to build senior living homes: Colliers
A staggering investment of over thirteen thousand crore rupees has been earmarked for the creation of senior living communities, enabling the construction of seventy-five thousand new units. The senior living sector is witnessing rapid growth, with more strategic collaborations emerging between providers and healthcare services. This rising market is increasingly recognized as a desirable lifestyle option for older adults.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities extended losses as fading Middle East peace hopes, elevated crude prices, rising US yields and weak global cues intensified risk-off sentiment. Sensex fell 493 points and Nifty 133 points, while technical indicators pointed to further downside.
Texas Stock Exchange lands first primary listing in milestone
Texas Stock Exchange secured its first primary listings as Texas Capital Bancshares plans to shift two ETFs from NYSE Arca. The milestone strengthens TXSEs challenge to New Yorks dominant exchanges as it expands trading operations and prepares for IPOs.
Moong arrivals pick up in Karnataka as prices rule firm on lower crop
Hand-picked moong is fetching a higher price of Rs 8,600-10,300 per quintal, while machine harvested ones command lower prices due to higher foreign material content
The EPFO's Employees Deposit Linked Insurance Scheme (EDLI) offers insurance for members and ensures that their families receive financial payout in case of death. Here's how to claim up to 7 lakh benefit at no additional cost
India Exposition Mart files IPO papers with SEBI
The IPO comprises a fresh issue of up to 75 lakh shares and an offer-for-sale (OFS) of up to 2.3 crore shares by selling shareholders
Volume growth, margin recovery to support gains for Ashok Leyland
Ashok Leyland expects robust volume growth in the near term and margin recovery from Q3FY27, aided by price hikes, cost controls, replacement demand and market-share gains
Indian govt does not see much impact on kharif crops from El Nino as sowing deficit narrows
Agriculture Minister Shivraj Singh Chouhan says impact on kharif production unlikely to be significant
Delhi Lakshmi Yojana: 2,500 aid cannot be spent on tobacco, gambling and...; here's whats banned?
The Delhi Lakshmi Yojana provides 2,500 monthly to eligible women from low-income families, effective August 1. Beneficiaries face strict eligibility checks and spending restrictions.
Market Trading Guide: Aeroflex Industries among 2 stock recommendations for Wednesday
Crude prices, rising US yields and weak global cues kept Indian equities under pressure. Analysts remain bullish on Aeroflex Industries and JG Chemical, citing strong technical setups, key support levels and potential upside targets despite near-term market risks.
Advance tax under Income Tax Act, 2025: Who needs to pay, deadlines and how to calculate it
Advance tax helps taxpayers spread their income tax payments throughout the year instead of paying a lump sum later. The Income Tax Act, 2025, introduces rules from Tax Year 202627. Heres who needs to pay, key deadlines, and how to calculate it.
Oil prices could fall to $60: Will petrol and diesel get cheaper for the common man?
Mark Matthews of Julius Baer predicts crude oil prices may drop to $60 a barrel amid geopolitical concerns. While higher supply from Gulf producers could stabilise prices, sustained low prices are unlikely. The impact on consumers may be limited due to taxes and refinery costs in India.
US yields rise amid Iran worries, broader selloff
U.S. Treasury yields surged for a third day on Tuesday, with the 30-year yield reaching its highest mark since 2007. The benchmark 10-year yields also increased, getting close to their recent highs. Inflation expectations remained heightened, as shown by breakeven rates. Moreover, an ongoing global bond selloff significantly influenced rising borrowing costs across different maturities.
30-year Treasury yields at highest level since 2007 amid Iran worries, broader selloff
U.S. Treasury yields surged for a third day on Tuesday, with the 30-year yield reaching its highest mark since 2007. The benchmark 10-year yields also increased, getting close to their recent highs. Inflation expectations remained heightened, as shown by breakeven rates. Moreover, an ongoing global bond selloff significantly influenced rising borrowing costs across different maturities.
Dodgers owner Mark Walter's insurer to cut $6.5 billion in investments amid probe
Mark Walter's insurance company is adjusting its investment strategy as it faces increased regulatory examination. Both the prosecutors and the SEC are delving into his business activities over concerns of potential fraud. The firm is collaborating with regulators to rectify the issues with its investments, which surfaced after subpoenas and an internal review on investment categories. Nevertheless, the company continues to maintain robust capital and liquidity.
Blue Cloud Softech Solutions begins trading on NSE
A total of 92 crore equity shares of face value Re 1 each were admitted for trading with effect from Tuesday
Can an NRI be the sole trustee of an Indian private trust?
There is no prohibition under the Indian Trusts Act on appointing a non-resident Indian as a trustee of an Indian private trust. However, the appointment should be structured carefully, in the context of the rights available to beneficiaries
Augmont in talks with 8 MFs for gold, silver ETF liquidity ahead of 825 crore IPO
The IPO-bound company will deposit bullion in the authorised vaults of MFs as per its instructions to generate ETF units for trading on the stock exchanges
A sizeable corpus doesn't necessarily end anxiety, said a retirement strategist, noting that many retirees are afraid to spend because they do not know how much they can safely withdraw without exhausting their savings.
Indices fall as elevated crude prices, rising global bond yields weigh
Nifty posts its sixth straight loss as fading hopes of an end to the Iran war keep crude prices elevated and push global bond yields higher, hurting risk appetite.
Five-year bond yield hardens as FCNR(B) position unwinding weighs on trade
Five-year bond yield hardens by around 10 basis points in two sessions as traders unwind FCNR(B)-linked positions following the RBI's early closure of the swap window.
An NRI in the UK inquired about the tax implications of gifting savings to his father's HUF. HUFs face specific tax rules under the Income Tax Act 2025, treating unconsidered gifts as taxable income, with exceptions for relatives.
US Stocks: US market hits two-week lows as Iran tensions lift oil, bond yields
In a turbulent trading session, major US stock indexes fell to two-week lows on Tuesday, with heavyweight technology stocks taking a hit as oil prices surged and bond yields remained elevated. The market's outlook soured on reduced hopes for a US-Iran peace deal, leading investors to seek refuge in more stable healthcare and consumer staples sectors.
US Stocks: US market opens lower as Iran stalemate lifts oil, yields
On Tuesday morning, major indexes on Wall Street experienced a downward trend as oil prices remained high due to falling hopes for a peace agreement between the U.S. and Iran. Additionally, government bond yields lingered near multi-year highs. The Dow Jones Industrial Average registered a drop of 105.3 points at the outset, and both the S&P 500 and Nasdaq Composite followed suit with declines.
Fitment factor is a multiplier used to convert an employee's basic salary to the revised basic salary under the new pay commission. Today, we calculate how much of a salary hike another 2.57 fitment factor same as 7th CPC could provide beneficiaries.
Keralam Govt to lease land to CSL for Rs 5,000 cr ship block building project, says CM Satheesan
The Kerala government will lease 18.16 acres of land to Cochin Shipyard. This land will support a ship block building project with an investment of Rs 5,000 crore. The project is expected to create approximately 2,000 direct jobs and many indirect employment opportunities. The government will receive an annual lease amount of Rs 1.45 crore, totaling Rs 1.70 crore with GST.
Colgate PerioGard receives prestigious ISP Seal
Colgate PerioGard announced that its advanced gum care portfolio - comprising PerioGard Toothpaste, Toothbrush and Mouthwash - has become the first in India to receive the Indian Society of Periodontology (ISP) Seal of Acceptance. This recognition marks a significant milestone in Indian oral healthcare, underscoring the brand's commitment to advancing solution-oriented care through rigorous, clinical innovation.
Highway Infrastructure receives Palayam Fee Plaza toll collection contract worth Rs 80 cr
The contract has been awarded for the engagement of user fee collection for Palayam Fee Plaza at Km 154+500 of NH-44, covering the Krishnagiri to Thumbipadi section from Km 94+000 to Km 180+000 on BOT basis in the State of Tamil Nadu. The total contract value is Rs. 80.17 crore, and the contract period is 90 days.
MobiKwik completes transfer of its digital lending biz to MobiKwik Distribution Services
One MobiKwik Systems announced the completion of the transfer of its entire digital lending business, along with the associated employees, to MobiKwik Distribution Services (MDSPL), its wholly owned subsidiary.
ONGC Corpn commissions gas evacuation facilities at Khoraghat in Golaghat district, Assam
Complimenting the North East Gas Grid
Small-city aspirations power education loan demand
Education loan applications are increasingly coming from smaller Indian cities. Tier II and III cities now represent over eighty-six percent of loan requests. Uttar Pradesh and Maharashtra show the highest volume of these applications. Job training and MBA programs are the most financed courses by students. This trend indicates growing ambition and a focus on career outcomes in smaller towns.
Alivus Life Sciences acquires 76% stake in IQGenX Pharma
For a consideration of Rs 9.12 cr
Atlanta Electricals receives order of Rs 194 cr from APTRANSCO
For supply of 160 MVA, 220/132 kV Auto Transformers
Sebi bars merchant banker Corporate Capital Ventures from new assignments for one month
Sebi has barred merchant banker Corporate Capital Ventures from taking new assignments for one month due to multiple compliance lapses, including failing to update IPO track records, misleading office location disclosures, and neglecting mandatory NISM certifications for key management personnel.
Nifty slips below 24,200 for sixth straight session as crude, geopolitics bite
The Nifty 50 closed at 24,154.90, down 132.75 points or 0.55%, breaking the 24,200 support level; Sensex ended at 77,235.46, down about 0.6%
Brokers Call: Patanjali Foods (Buy)
Systematix Institutional
Klarna trims full-year revenue, volume outlook as German retail weakens
Klarna has adjusted its full-year volume and revenue forecasts downwards, citing difficulties in the German market. This decision resulted in a notable decrease in the company's shares during premarket trading. Nonetheless, a surprising profit in the second quarter was reported, buoyed by growth in the U.S. market, which helped mitigate some of the adverse effects of the forecast.
Supplyco cuts Sabari brand coconut oil price to 229/litre ahead of Onam
The price reduction followed a ministerial decision and applies to a combination pack comprising subsidised and non-subsidised portions
Augmont Enterprises IPO: Rs 825 crore issue price band set at Rs 788
Augmont Enterprises has fixed its Rs 825 crore IPO price band at Rs 750-788 per share. The issue opens August 21, featuring fresh shares, OFS and a minimum retail investment of Rs 14,972 at the upper band.
'Building wealth isn't the goal': Deepak Shenoys investment advice for mutual fund SIPs goes viral
Deepak Shenoy, Founder and CEO of Capitalmind Mutual Fund, highlights the effectiveness of lump-sum investing and SIPs. He explains how initial portfolio value reflects saved money while wealth ultimately relies on both investing and spending wisely in life.
Regulatory tailwinds to boost growth for MCX, says HDFC Securities; retains Buy for 18% gains
HDFC Securities retained its Buy rating on MCX with a Rs 3,600 target, citing regulatory easing, FPI participation and new bullion and metals index options. The brokerage expects these changes to boost options premiums, volumes and earnings while improving capital efficiency.
India 10-year bond gives up post-policy gains as oil moves, RBI swap pullback weigh
Indian government bonds saw a decline for the second consecutive day, erasing previous gains as high oil prices and the premature conclusion of a deposit scheme weighed on investor sentiment. Following the central bank's policy announcement, the benchmark bond yield rose sharply. Swap rates also jumped, indicating a negative shift in market mood. Future bond yields will be influenced by both global and local factors.
BSE shares slide as analysts turn bearish ahead of Nifty 50 entry
BSEs 52-week range is 2,021.50 to 4,446.80; The stock has gained about 33% in the past year but dropped over 8% in the last week due to a reassessment of its near-term earnings
Euro zone bonds join global selloff, long-end yields at multi-year highs
On Tuesday, yields on longer-dated euro zone bonds surged to levels not seen in years. The increasing oil prices, spurred by diminishing expectations for a quick resolution to the conflict in Iran, intensified inflation worries throughout the markets. Consequently, investors are anticipating a quarter-point interest rate hike from the ECB, while apprehensions about fiscal stability in various nations add pressure on global bonds.
Bond markets from US to Japan whacked as inflation and fiscal worries take hold
Global borrowing costs are hitting multi-decade highs again as inflation fears rise. The United States has seen its 30-year Treasury yields surpassing five percent, while Japan's 10-year borrowing costs approach a peak not seen in nearly 30 years. Additionally, long-term yields in Europe have reached some of their highest levels in years, creating ripple effects in economies and financial markets around the globe.
Gold surges 2,000 to 1.58 lakh/10g; silver rises 730 in Delhi
The yellow metal of 99.9% purity appreciated by 2,000 to 1,58,800 per 10 grams (inclusive of all taxes) from Monday's closing level of 1,56,800 per 10 grams
Uzbekistan keen to import steel from India to cut logistics costs
The country is keen to import steel from India via a shorter, alternative route; It would lower its logistics cost, the industry member said
Payments under West Bengal's 'Annapurna Yojana' started on Monday, targeting 1.45 crore eligible women. Chief Minister Suvendu Adhikari detailed eligibility, the application process, and highlighted a dedicated portal for assistance to ensure timely payments as part of the BJP's welfare initiatives.
ICICI Bank stock slips 0.45% as bank prices $750 million bond issue
The banks IFSC Banking Unit priced five-year Senior Unsecured Fixed Rate Notes at a 5.417% coupon early Tuesday under its $7.5 billion Global Medium Term Note Programme
Indian equities extended losses for a sixth session as geopolitical tensions and elevated crude prices weighed on sentiment. Nifty fell 0.55% and Sensex 0.63%, while IT, PSU banks and realty stocks declined. Analysts flagged 24,300 as Niftys immediate resistance.
Foreign remittances under scanner: Income Tax Dept launches nationwide verification
The Income Tax Department initiated a nationwide verification of suspicious foreign remittances, prompted by data analysis suggesting significant transactions from entities with minimal business activity.
Sensex tanks 493 points; Nifty falls for 6th day as crude jumps to $91
Indian benchmark indices, Sensex and Nifty, experienced significant declines, with the Sensex falling 493 points and the Nifty dropping for the sixth consecutive day, primarily due to elevated crude oil prices reaching USD 91 per barrel and diminishing hopes for a diplomatic resolution in West Asia.
Air India AI-171 crash: Pilots body seeks hearing before final report
The Federation of Indian Pilots is seeking a meeting with the investigating team by 15 September and has proposed areas that its technical interaction would cover.
TEXMiNMaxelS Nagpur Center of Excellence to focus on critical mineral value chains in Maharashtra
The State holds roughly 41 per cent of Indias rare earth element (REE) resources, with Nagpur being the heart of the Vidarbha mining and coal belt.
Owning more mutual funds does not automatically mean better diversification, as different schemes can hold the same stocks, sectors and market-cap exposures. Experts explain how investors can identify portfolio overlap and know when adding another mutual fund may only increase duplication.
Jefferies retained its Buy rating on Belrise Industries and raised its target price to Rs 280, citing strong automotive orders, two-wheeler demand and expanding renewable energy and aerospace businesses. The brokerage expects robust earnings growth, though customer concentration and margins remain key risks.
Rupee ends marginally lower as central bank shields from oil, yield strain
The Indian rupee experienced a minor decline on Tuesday, with speculation that the Reserve Bank of India intervened to bolster its position. Contributing factors included high oil prices and climbing global bond yields, which put additional stress on the currency. Concurrently, yields on Indian government bonds rose, and there was a slight dip in local stocks, shifting focus to the forthcoming minutes from the central bank's policy meeting.
Defence stocks surged up to 10% after the Defence Ministry unveiled its sixth Positive Indigenisation List covering 405 items with Rs 3,070 crore business potential. The move aims to boost domestic manufacturing, innovation and investment while reducing Indias dependence on defence imports.
Indian REITs distribute Rs 3,136 crore to unitholders in Q1FY27
India's six publicly listed Real Estate Investment Trusts (REITs) collectively distributed approximately 3,136 crore to over 485,000 unitholders during the first quarter (April-June) of the current financial year (FY27), demonstrating the sector's resilience despite global uncertainties.
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Missed declaring foreign assets? Heres your relief windowwith a catch.
The CBDT is giving small taxpayers, NRIs and employee stock option holders until 31 December to avoid severe Black Money Act penalties, but this immunity comes at a steep cost.
Bitcoin climbs towards $64,000 as cooling inflation and falling treasury yields aid recovery
Bitcoin hovered near $64,000 as cooling inflation, lower Treasury yields and reduced expectations of further US monetary tightening supported crypto markets. Ethereum and select altcoins also gained, though analysts cautioned the rebound remains fragile. Investors now await FOMC minutes, inflation data and labour indicators, with $64,500 emerging as key resistance.
AI can answer your money questions. But should you trust it with your finances?
AI is making financial advice more accessible, but confident answers can mask flawed assumptions, unsuitable recommendations and a lack of accountability. Heres where investors should draw the line.
Godrej Industries to enter private credit space, aims to raise Rs 2,000 cr in AIF
Godrej Industries Group is entering the private credit market with a new fund. The company aims to raise up to two thousand crore rupees for this venture. This new alternate investment fund will focus on mid-market companies. Financing will be secured by hard collateral and comprehensive covenant protection. The fund targets high net worth and institutional investors for capital.
Following smart money: Where are Indias top investors betting next?
As private credit, venture debt and co-investments gain traction, Indias family offices and institutional investors are increasingly diversifying portfolios in search of differentiated sources of alpha.
Mint Explainer | Why PLI Auto payouts are set to surge in FY27
The Centre expects 4,700 crore in PLI Auto payouts in FY27, more than double last years disbursal. But the scheme remains behind its original payout trajectory, with just 18 of 82 shortlisted companies currently having products qualified for incentives.
BSE stock hammered after back-to-back downgrades, down 10% in 5 sessions
BSE share price today: Today's decline marked the fifth straight session of losses for BSE, during which the stock has fallen 10 per cent.
Bihari Lal Engineering IPO debut in focus: GMP hints at 40% listing pop
Bihari Lal Engineering IPO shares are set to list on Dalal Street on Wednesday, August 19. The offer opened for bidding on August 12 and closed on August 14.
