36 C 
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.
Sebi to soon roll out AI rules with a kill switch for stock market
Sebi will soon issue guidelines for responsible AI and machine learning use in Indias securities market, with mandatory safeguards including a kill switch, human oversight and data controls. Chairman Tuhin Kanta Pandey said the framework will balance innovation with investor protection as AI adoption expands across surveillance, risk assessment, fraud detection and investor servicing, while ensuring accountability among regulated entities.
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.
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.
The EMI effect: Used-car financing growing faster than new-car loans
Used-car loans are India's fastest-growing vehicle finance segment: CRIF High Mark
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.
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
Supporting kids & parents? 6 smart ways to protect your retirement corpus
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.
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.
In July, Helios Mid Cap Fund boosted its investments by increasing its stake in Swiggy among twenty other stocks. Notably, the fund expanded its holdings in V2 Retail and GMR Airports, while reducing exposure in Multi Commodity Exchange of India and Black Box stocks. Additionally, Siemens Energy India joined the portfolio as one of the seven new entries, with the fund maintaining the same exposure in thirty-eight existing companies.
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
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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 says PIL-linked probe does not name it as an accused
Lender says EOW status report found loans to five borrower groups were repaid with interest; CBI probe concerns erstwhile promoter Sameer Gehlaut and related entities
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
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.
L&T Finance plans 500 new gold loan branches this fiscal
L&T Finance plans to open 500 new gold loan branches this financial year. This expansion aims to increase its network significantly and capitalize on sector growth. The company entered the gold loan market last year after acquiring Paul Merchants Finance. Gold loans are a key driver for L&T Finance's growth agenda.
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.
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
ICICI Bank mops up $750 million by issuing bonds to overseas investors
The bonds were raised through its IFSC banking unit at a coupon rate of 5.417 per cent, ICICI Bank said in a regulatory filing.
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
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.
Want free airport lounge access without minimum spend? Check these 5 credit cards
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
HDFC Defence Fund adds Cochin Shipyard & INDO-MIM, increases stake in HAL, Mazagon Dock, 5 others
In July, the HDFC Defence Fund made significant moves by adding Cochin Shipyard and INDO-MIM to its portfolio. The fund also augmented its investments in Hindustan Aeronautics and Mazagon Dock Shipbuilders, while expanding its holdings in five additional defence sector stocks. However, it opted to reduce its stakes in three companies, including Aequs, leaving the fund's portfolio with a total of twenty-four varied defence-related stocks.
There are 9 types of Wills in India and why picking the wrong one could cost your family everything
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An Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life insurance policy. The ITAT ruled that foreign insurer policies are not automatically subject to the Black Money Act, especially when premiums originate from non-taxable foreign earnings. This landmark decision offers clarity for NRIs and returning NRIs.
ICICI Bank overtakes HDFC Bank as top MF holding in July
ICICI Bank now leads mutual fund portfolios, surpassing HDFC Bank in July. This shift reflects investor concerns over HDFC Bank's leadership succession and governance issues. ICICI Bank has shown a steadier stock performance and stable results recently. Mutual funds have increased holdings in both banks, while overseas ownership has reduced. Reliance Industries, Bharti Airtel, and Axis Bank follow as top mutual fund holdings.
