26 C 
Resilience should be built into banks design for growth: RBI Dy Guv Murmu
He emphasised that Banks should focus, in particular, on the functions critical to their resilience and on those that matter most directly to their customers
Prosus to invest $100 million in Sachin Bansals Navi in first institutional fundraise
The transaction is subject to customary closing conditions and regulatory approvals, including clearance from the Competition Commission of India (CCI)
Responsible AI must expand inclusion, not just efficiency: RBI Deputy Governor Murmu
At the same time, he warned against excessive reliance on algorithms, emphasising that human judgment remains essential
Karnataka Bank empanelled as Arranger for HUDCO Capital Gain Bonds
Karnataka Bank customers can easily subscribe to HUDCO Capital Gain Bonds at the banks branches, supported by dedicated relationship management and customer service
UpTik hits 12 crore in monthly lending
The companys growth was supported by a strong operating track record
PSBs pitch 2% climate-transition finance sub-target under PSL framework
Public sector banks also seek higher lending limits for renewable energy projects and inclusion of electric vehicle financing under the priority sector lending framework
Siguler Guff raises $500 mn fund to invest in India's mid-market firms
The fund will focus on high-growth, founder- and family-owned businesses benefiting from domestic consumption across consumer, health care, financial services and technology
Unregistered housing project: Know risks and exit options before booking
Buying into an unregistered housing project can expose homebuyers to legal, financial and construction risks. Here's how to verify a project and seek redress
8th Pay Commission: Can government amend 8th CPC terms of reference to include pension revision?
Kotak Mutual Fund: Infosys, RIL, and HDFC Bank among top 10 stock holdings in July
HDFC Mutual Fund managed Rs 6.31 lakh crore across 163 funds in July 2026. Its top holdings included HDFC Bank, ICICI Bank, SBI, Eternal, Bharti Airtel, Axis Bank, RIL, BEL, L&T and Maruti Suzuki, with selective portfolio shifts.
Eternal, HDFC Bank, and RIL among 9 stocks owned by 600 mutual funds in July
According to ACE MF data for July, nine major stocks are held by over 600 mutual fund schemes. ICICI Bank led the list, being owned by 771 funds, followed by HDFC Bank, SBI, Bharti Airtel, RIL, Axis Bank, Infosys, L&T, and Eternal, reflecting strong institutional confidence in large-cap equities.
IDFC First Bank raises $500 million via maiden international bond issuance
The bank, through its IFSC Banking Unit at GIFT City, issued the bonds having a tenure of three years and a fixed coupon of 5.625%
This midcap fund turned Rs 10,000 monthly SIP into over Rs 2.40 crore in 2 decades
HSBC Midcap Fund, with an AUM of Rs 15,578 crore as of July 2026, has delivered strong long-term returns, growing a Rs 10,000 monthly SIP to Rs 2.43 crore since inception with an XIRR of 17.33%. The fund has generated 23.17% CAGR over the past three years and follows a bottom-up investment approach focused on quality businesses and structural growth opportunities.
Man booked RAC-43 sleeper class ticket for Rs 399 to travel to village from Anand Vihar, however tickets status was changed to waitlist after chart was prepared; he filed a case and won Rs 5000 compensation in Delhi State Consumer Commission.
GOld rate today: Gold prices dropped today at prominent Indian jewellery outlets, including Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. The IBJA confirmed a decrease in gold rates across multiple purity levels. Customers are encouraged to stay informed on the latest 18K, 22K, and 24K rates.
Housing society votes 3/4 against you: Can it force you to sell or leave?
A majority vote may let a housing society act against a member, but it cannot automatically take away your ownership or force you to sell or vacate your flat.
Student Term Plan: With a big education loan and long repayment years, should you go for it?
Insurers are now offering term insurance plans specifically for students. These new plans provide affordable life coverage for young individuals. Coverage options extend for thirty to forty years, offering long-term financial security. Optional riders for critical illness and accidental death are also available. This initiative aims to secure financial protection for students early in life.
SBI trims interest rates by 25 bps on select FDs
8th CPC: Salary estimates for Level 5-8 employees
Gold jewellery gone in bank robbery: Will bank repay?
Jefferies cuts target price for Jupiter Wagons, maintains Underperform after Q1 earnings. Heres why
Jefferies has cut its target price for Jupiter Wagons to Rs 185 from Rs 210 and retained its Underperform rating after weak Q1 earnings. The brokerage lowered FY27E-29E EPS estimates by 6%-20%, citing weaker wagon and wheelset sales, margin pressure and slower execution, while maintaining a positive view on the companys long-term wheel manufacturing opportunity.
Gold rallies 9% in July, but investors park Rs 1.4 lakh crore in money market funds: Vallum Capital
In July, gold showcased impressive returns, significantly outpacing the equity markets as investors shifted their focus to secure assets, such as money market funds. Following a robust performance in June, precious metal fund inflows saw a notable decline. Conversely, fixed-income funds experienced a turnaround, drawing in new capital. This shift highlights a growing preference among investors for safety rather than chasing after market highs.
Volume Shocker: MFs added 1 crore+ shares to 8 stocks in July '26; rally up to 76%
Mutual funds aggressively bought shares in 58 companies in July 2026. A secondary filter highlights eight top-performing stocks that saw additions of over one crore shares alongside gains between 9% and 76%, driven by institutional buying and strong market momentum across sectors.
ICICI Prudential Value Fund turns Rs 10.000 SIP to over Rs 2 crore in 22 years
ICICI Prudential Value Funds Rs 10,000 monthly SIP grew to 2.37 crore over 22 years, delivering 17.04% XIRR. A Rs 1 lakh lump-sum investment reached Rs 46.6 lakh, outperforming Nifty 50 TRI. With Rs 61,102 crore AUM, the fund follows a diversified value strategy focused on long-term wealth creation across market cycles.
Income-tax dept working to reduce uncertainty in international tax cases
The department is working with taxpayers and other stakeholders to reduce ambiguity and improve consistency as cross-border transactions and business structures become more complex
InfinityDAO plans $1 billion insurance programme for IDL token ecosystem
The proposed programme comes as digital-asset platforms increasingly seek stronger governance, risk controls and institutional safeguards to build market credibility.
SEBI reviews IPO, delisting rules for small companies: Pandey
The regulator is examining market-making costs in small-company IPOs and proposed changes to portfolio manager rules.
IDFC First Bank raises $500 Mn via maiden 3-yr senior notes
The private sector bank said the notes carry a fixed coupon of 5.625% and were placed with investors outside the US in Regulation S format.
SBI changes rules of basic savings accounts
No tax for selling house for Rs 53L
Axis Bank credit card rules change: What gets costlier from Aug 28
From higher overseas transaction costs to revised late fees and reward exclusions, Axis Bank cardholders face several changes from August 28
Supreme Court orders independent CBI probe into Indiabulls loan transactions
The Supreme Court has ordered an independent examination of allegations involving loan transactions, fund diversion and other suspected financial irregularities.
RBI likely intervenes to shield rupee from oil strain, traders say
The rupee was on track for a quiet open and was hovering at 95.70 on the interbank order matching system before the local spot market opened at 9 a.m. IST
Milky Mist shares hit another 10% upper circuit on Wednesday, taking their gains to 42.5% from the IPO price of Rs 140. Analysts remain positive on the companys strong foothold in value-added dairy products, improving margins and growth prospects, but caution that valuations are elevated. Existing investors have been advised to hold and accumulate on meaningful dips.
Know this about Foreign Asset Disclosure Scheme
RRBs' gross loans rise 10.3% to 5.78 lakh crore in FY26; PSL achievement at 91.7%
Agriculture and allied activities remained the largest component of the RRB credit portfolio, with outstanding credit at 3.78 lakh crore, accounting for 77% of total PSL
Redeveloping your housing society? 7 risks that could keep you out of your home for 810 years
37,000 per sq ft: Max One sets new Noida luxury housing record
. At the reported sale value, a 10,000 sq ft residence would translate into an indicative ticket size of around 37 crore, excluding GST.
Beyond Ethanol: 7 alternative fuels other than E20 that could change what powers your car in India
Rupee rises 1 paisa to 95.73 against US dollar during early trade
The rupee rose marginally by 1 paisa to 95.73 on Wednesday, assisted by RBI intervention, as heightened tensions in West Asia kept global markets on the edge. A rise in global crude oil prices added pressure to the local unit while a decline in the dollar index and FII inflows provided support, forex traders said. At the interbank foreign exchange, the rupee opened at 95.72 before slipping to 95.73, up 1 paisa from its previous close. The rupee depreciated 13 paise to close at 95.74 against the US dollar on Tuesday. The rupee was very range-bound yesterday (Tuesday). With oil prices above USD 91, there were bids from oil companies... the key point is that the rupee is showing reasonable resilience despite the oil shock, largely because of suspected continued RBI intervention, Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. US President Donald Trump said on Tuesday that the US has no talks planned with Iran but insisted the Strait
D-Streets CAS turmoil clouds BSEs growth outlook
BSE shares have experienced a significant downturn this month following the launch of a new closing auction session. Since this change on August third, trading volumes and options activity have considerably dropped, raising concerns among analysts who have downgraded their outlook on the stock. The exchange is grappling with new funding rules and possible fee changes, but some analysts remain optimistic about a turnover rebound by October.
HDFC Bank Share Price Live Updates: HDFC Bank's Current Valuation
Kotak Bank Share Price Live Updates: Kotak Bank Falls Below Key Moving Average
ONGC Share Price Live Updates: ONGC Shows Strong Market Performance
Tata Motors PV Share Price Live Updates: Tata Motors PV Struggles Below Support Level
HUL Share Price Live Updates: HUL's Price Movement Signals Weakness
HCL Tech Share Price Live Updates: HCL Tech's Market Position: Current Trends
Nestle India Share Price Live Updates: Nestle India Price and Returns
L&T Share Price Live Updates: L&T's Recent Market Performance
TCS Share Price Live Updates: TCS Stock Details
Power Grid Share Price Live Updates: Power Grid Trading Below Key Support Level
IndusInd Bank Share Price Live Updates: IndusInd Bank Stock Details
Bajaj Finserv Share Price Live Updates: Bajaj Finserv's Market Performance
UltraTech Cem Share Price Live Updates: UltraTech Cem. Stock Details
Apollo Hospital Share Price Live Updates: Apollo Hospital's Price Movement Today
SBI Life Share Price Live Updates: SBI Life's Current Financial Snapshot
SIFs vs MFs: 5 key differences investors should know before investing
Specialised Investment Funds (SIFs) are steadily becoming a preferred choice for seasoned investors, accumulating an impressive 95,000 folios. Unlike traditional equity mutual funds, which focus solely on long positions, SIFs offer the flexibility of both long and short strategies. With a minimum investment threshold set at ten lakh rupees, these funds have successfully managed assets valued at twenty-three thousand, one hundred seventy-seven crore rupees.
Deeper bond with pets, rising vet bills fuel demand for pet insurance
Insurers report growing interest in pet insurance due to increased awareness of veterinary care, rising treatment costs, and changing lifestyles, especially among nuclear families and DINK households
L&T Finance expects gold loan biz to contribute over 10% to total loan book in next 5 years
In order to scale up the gold loan business, the NBFC is planning to set up at least 500 new branches each year till 2031
PNB Housing Finance eyes higher-yielding segments such as micro housing finance
Wven as the companysloan book is expectedto crossthe 1 lakh crorein the current financial year, the composition of prime and affordable housing &emerging markets is likely to shift to 55:45 in the overall loan book.
FM tells banks to consider launching a month-long banking outreach campaign for Gen Z on Oct 2
Meanwhile she asked banks to improve design of agriculture finance keeping mind Prime Ministers vision of Shakti of Sapt Dhara
DSP Finance buys lending platform Volt Money
Volt Money, an early player in the digital LAMF market, enables customers to borrow against their mutual fund holdings seamlessly, with funds disbursed in five minutes.
Sammaan Capital draws curtain on 7-year legal overhang after Supreme Court hearing
Sammaan Capital is now controlled by Abu Dhabi-based International Holding Company PJSC (IHC), which invested USD $1 billion in the lender.
Sundaram Home Finance plans expansion of emerging business in AP
Company targeting disbursements of 150 crore this year
Axis Bank credit card revised rules: Axis Bank is set to update its credit card policies on August 28, 2026. Notably, the markup for dynamic currency conversion will jump to 3.5% from the previous rate of 1.5%. Furthermore, late payment fees for balances over Rs 50,000 will also go up. The bank also clarified that gift card purchases will alsonot contribute towards spends-based fee waiver calculations or milestonebenefits.
Visa expands premium card tier in India, targets growing affluent base
The move repositions the Visa Infinite brand as a scalable framework rather than a single product
Ajanta Pharma among 5 midcap stocks to hit 52-week highs & surge up to 18% in a month
Five BSE Midcap stocksKEI Industries, GSK Pharmaceuticals, Lenskart Solutions, Radico Khaitan and Ajanta Pharmahit fresh 52-week highs despite the Sensex falling 492 points. KEI led monthly gains at 18%, while GSK and Lenskart also advanced 17%, showing resilience amid market weakness.
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
Based on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad; Know what to do
NFO Alert: Invesco Mutual Fund announces launch of pharma and healthcare fund
Invesco Mutual Fund has launched a new open-ended equity scheme. This fund will invest in India's evolving pharma and healthcare sectors. It aims to capitalize on favorable demographics and expanding healthcare access. The new fund offer is open for subscription until September 1. Investors can start with a minimum lump sum of Rs 1,000.
Property registered in your name? That's not the end of ownership process
A registered sale deed records the transaction, but buyers must check title history, encumbrances and other records before claiming clear ownership
Gold and silver ETFs gain investor interest, AUM jumps over 2X in one year: Report
Gold and silver ETFs saw sharp AUM growth over the past year, with gold ETF assets rising 2.6 times and silver ETF assets 3.4 times by July 2026. Commodity funds also increased their share of passive assets, reflecting stronger investor interest.
8th CPC: Can terms of reference be amended?
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.
What's the goal behind monthly SIPs? Deepak Shenoy says it's not averaging out market volatility
Capitalmind founder Deepak Shenoy said the primary purpose of SIPs is not to average out market volatility, but to align investments with peoples monthly income cycle. He argued that investors typically earn, save and invest each month, making monthly SIPs a natural way to build wealth, while price averaging is merely a by-product.
Succession Planning: 8 key tax considerations you should take into account
Succession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's representative. Income arising after death is taxable to the executor or administrator. Individual and HUF property tax treatments differ significantly based on acquisition. Proper record-keeping is essential for calculating capital gains and tax liabilities.
Leakage in concealed plumbing lines of 1st floor bathroom led to ground floor residents facing water leakage; Maharashtra court rules housing society cannot be held responsible for leakage or repairs inside individual units
SBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying Rs 2.7 lakh TDS credit as landlord only declared 1/3rd rent in ITR; Landlord fights in ITAT Agra and wins case; Know why
SBI, Nippon India among 6 AMCs seeing over Rs 10,000 crore T30 inflows in July
UPI growth pushes banks to look beyond payments for revenue: McKinsey
Unlike card payments, which generate transaction-linked revenues for financial institutions, instant payments can be harder to monetise directly
BSE, RIL, Paytm among stocks bought and sold by HDFC Mutual Fund in July
July was a busy month for HDFC Mutual Fund, which ramped up its investments by increasing its stakes in about 422 stocks. Simultaneously, the fund reduced its involvement in 164 stocks, affecting numerous prominent companies. They integrated five new stocks and fully exited from J.B. Chemicals and Nilkamal. HDFC Mutual Fund now manages a total of around 703 stocks, heavily weighted towards financial services.
No UPS pension for retirees; FM urged to intervene
SIF AUM crosses Rs 23,000 crore in July; Hybrid Long-Short funds lead with 66% share
SIF strategies attracted Rs 4,922 crore in inflows in July, up from Rs 3,782 crore in June. Since October 2024, the category has received Rs 22,328 crore, according to ValueMetrics.
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Cash still king in India despite digital boom, says RBI Deputy Governor Murmu
Addressing central bankers from across the world, Murmu noted that currency in circulation continues to grow at double-digit rates despite a decline in cashs share of individual transactions due to increasing digital payment adoption.
Should I sell my flat and invest to earn interest, or keep it and earn rent in my retirement?
ET Wealth Reader's Query: I own a two-bedroom flat in Bengaluru, which is about 10 years old, and have no outstanding loan. I am a senior citizen with pension income and live with my son. Should I retain the property and earn rental income, or sell it and invest the proceeds in fixed deposits for a steady interest? Currently, my annual income is below Rs 12 lakh, so I am not liable to pay any tax.
BSE shares drop 3% after second downgrade in two days. Nuvama lists CAS among 3 key headwinds
BSE shares extended their losing streak after Nuvama downgraded the stock to Hold and cut its target price, citing three key concerns: the impact of CAS on trading volumes, tighter bank guarantee norms and limited scope for further market-share gains. Jefferies also recently downgraded the stock, adding to pressure on its earnings outlook.
Today gold rate: On August 18, 2026, gold prices showed a slight uptick at leading jewellery retailers. While Tanishq kept its gold prices unchanged, competitors like Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers raised their 22k gold rates. Notably, the India Bullion and Jewellers Association reported minor fluctuations in gold and silver rates, showcasing ongoing trends in the precious metals market.
FCNR deposit: High interest and 19X leverage? Know the hidden risks NRIs must watch out for
Rising oil, US yields add to rupee pressure after RBI move
The rupee is expected to open in the 95.68 to 95.72 range, traders said, after settling at 95.6025 to the dollar on Monday
