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The Economic Times

Business / The Economic Times

Anthropic expected to tell investors it sees over $30 trillion in potential revenue, WSJ reports

Anthropic plans to pitch investors on a colossal total addressable market (TAM) exceeding $30 trillion for its upcoming IPO, surpassing SpaceX's previous $28.5 trillion record. By mapping out all work AI models could automate, Anthropic aims to justify its massive infrastructure spending, support its projected $200 billion 2028 revenue target, and validate its upcoming stock listing.

25 Aug 2026 10:34 pm
Japanese bond funds see record inflows as rising yields attract global investors

Foreign investors are showing significant interest in Japanese government bonds this year on the back of rising yields. Record inflows into Japanese bond funds highlight this growing investor appetite. European investors, in particular, are increasing their allocations to these bonds.

25 Aug 2026 10:21 pm
Lumino Industries raises Rs 207 crore from anchor investors; IPO opens on August 27

Lumino Industries secured Rs 206.99 crore from anchor investors before its upcoming initial public offering. The company plans to raise Rs 700 crore through this maiden share sale, with shares priced between Rs 78 and Rs 82. The public subscription period will commence on August 27, 2026, and conclude on August 31, 2026.

25 Aug 2026 10:04 pm
Ahead of Market: 10 things that will decide stock market action on Wednesday

Sensex and Nifty reversed morning losses to close higher on Tuesday, amid sharp volatility on the first expiry day after the closing auction session launch. Healthcare and financial stocks gained, while broader market breadth remained mixed and cautious.

25 Aug 2026 9:38 pm
Welspun Corp promoter group, CEO to sell up to Rs 1,417 crore stake via block deal

Welspun Corps promoter group entity and CEO Vipul Mathur plan to sell up to 63 lakh shares worth Rs 1,417.5 crore through a block deal. The transaction represents 2.4% of outstanding shares and comes after a sharp stock price rally.

25 Aug 2026 8:48 pm
Market Trading Guide: Adani Enterprises, DixonTechamong 4 stock recommendations for Wednesday

Indian equities gained as softer-than-expected US sanctions on Iran eased crude oil and bond yield pressures. Analysts highlighted Adani Enterprises, HDFC AMC, Hyundai Motor India and Dixon Technologies as bullish technical setups, while geopolitical risks warrant continued near-term caution.

25 Aug 2026 8:08 pm
Dick's Sporting Goods shares slump 22% as Foot Locker weakness sparks outlook cut

Dicks Sporting Goods shares plunged 22% after second-quarter earnings missed estimates and the retailer cut its full-year outlook. Weak Foot Locker sales, integration challenges and cautious consumer demand overshadowed stronger comparable sales and revenue growth at its core Dicks business.

25 Aug 2026 7:33 pm
IPO fund diversion: Sebi bars Varanium Cloud, promoter for 7 years from markets

Sebi has barred Varanium Cloud and promoter Harshawardhan Sabale from the securities market for seven years, citing misleading disclosures, inflated financials and diversion of IPO and rights issue funds. The regulator ordered recovery of diverted money and disgorgement of unlawful gains.

25 Aug 2026 7:14 pm
HEG demerger to take effect on September 1; record date fixed for September 7

HEG will implement its demerger from September 1, creating separate listed companies for graphite electrodes and advanced materials. September 7 is the record date, with shareholders receiving new shares in a 1:1 ratio approved under the composite scheme of arrangement.

25 Aug 2026 7:12 pm
US stocks today: US stocks open higher as tech stocks rebound before Nvidia results, data

US stocks opened higher Tuesday as technology shares recovered from the previous sessions selloff. The Dow Jones, S&P 500 and Nasdaq Composite gained at the open ahead of Nvidias earnings and a key inflation report. Investors are watching the data for clues on the Federal Reserves interest rate outlook.

25 Aug 2026 7:07 pm
Euro zone yields dip from multi-year highs as oil falls on Iran sanctions

On Tuesday, government bond yields across the Euro zone saw a drop from recent peaks, accompanied by falling oil prices as traders evaluated newly imposed U.S. sanctions on Iran. Additionally, money markets adjusted their expectations regarding potential rate hikes by the European Central Bank this year. Meanwhile, recent data highlighted a rebound in German economic growth during the second quarter, with business sentiment climbing to its highest in a year.

25 Aug 2026 6:47 pm
Sterling hovers near six-month high underpinned by BoE rate hike expectations

The pound is maintaining its position close to a six-month peak against the dollar, buoyed by expectations of interest rate hikes. However, analysts predict a minor decline in currency value as year-end economic data rolls in. Attention turns to soaring government debt ahead of the October budget announcement, as the UK aims for significant investments in affordable housing in London.

25 Aug 2026 6:45 pm
UK gilt yields fall to lowest since mid-August as oil price slides

British government bond yields have reached their lowest point since mid-August, with ten-year gilt yields dropping markedly to levels not observed since August 14. This shift follows a substantial decrease in oil prices today. The patterns in gilt yields resonate with those seen in U.S. Treasury yields, as even thirty-year gilt yields have fallen to their lowest values since mid-August.

25 Aug 2026 6:43 pm
RBI net absorbed $561 million in June as inflows picked up

In June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets, showcasing its response to significant capital inflows into India. Following its dollar sales in April and May to stabilize the rupee, the central bank recorded nearly $73 billion in inflows from early June to August. Moreover, the RBI's gold reserves remained steady at 880.52 metric tonnes.

25 Aug 2026 6:35 pm
Block deal alert! Ribbit Capital to likely offload 1.6% stake in Groww for Rs 1,914 crore

Groww may see a 1,914 crore block deal as investor Ribbit Capital reportedly plans to sell around 1.6% stake at 195 per share. Groww shares rose 3.33% Tuesday, while strong Q1FY27 earnings showed robust profit and revenue growth.

25 Aug 2026 6:05 pm
India bonds rise as oil shrugs off US sanctions concerns

On Tuesday, Indian government bonds experienced a positive turn as oil prices fell sharply, reducing inflation worries among investors. The successful state debt auction further bolstered market confidence. Despite new U.S. sanctions on Iran, traders stayed vigilant regarding potential supply issues in the oil sector. Throughout the day, strong liquidity levels contributed to resilience in the debt market.

25 Aug 2026 5:44 pm
Paytm among 4 stocks hitting 52-week highs; surge up to 35% in a month

Four BSE 200 stocks, including Paytm, Divis Laboratories, AU Small Finance Bank and Bajaj Auto, hit fresh 52-week highs on Tuesday, gaining up to 33% over one month.

25 Aug 2026 5:40 pm
Market wrap: Adani Enterprise, InterGlobe, HDFC Life, HCL Tech, top gainers and losers on Nifty and Sensex on Tuesday

Indian equity benchmarks ended higher on Tuesday, with the Nifty rising 0.48% and Sensex gaining 0.37%, led by Adani Enterprises, Max Healthcare and Apollo Hospitals. Broader markets were mixed, while Pharma and PSU Bank stocks outperformed. HDFC Life, Cipla and ONGC were among the top Nifty losers.

25 Aug 2026 5:35 pm
Hindustan Copper OFS subscribed over 3 times; govt to exercise greenshoe option

Hindustan Coppers government OFS received strong demand from non-retail investors, with bids reaching 3.41 times the shares offered. The Centre will exercise the greenshoe option, potentially raising the stake sale to 6%, with retail bidding opening August 26.

25 Aug 2026 5:29 pm
India's sugar mills, refiners seen importing just half of duty-free quota

Indian sugar mills may import only half the allowed raw sugar quota. Falling domestic prices have reduced the profitability of these planned imports. Refineries are expected to take most of the available import volume. Domestic supplies are anticipated to rise from mid-October with the new season.

25 Aug 2026 4:44 pm
Jefferies picks 4 NBFCs with up to 20% upside that may continue outperforming Nifty, bank stocks. Heres why

Jefferies has picked Bajaj Finance, Cholamandalam Investment and Finance Company, Aditya Birla Capital and Shriram Finance to outperform the Nifty and bank stocks, with target prices implying up to 20% upside. The brokerage expects strong earnings growth, asset-quality improvement and EPS upgrades to drive gains, despite limited scope for valuation re-rating.

25 Aug 2026 4:32 pm
Federal Bank falls 4% on report of Jana Small Finance Bank stake acquisition

Federal Bank shares fell nearly 4% after reports that the lender may acquire a controlling stake in Jana Small Finance Bank. The deal could involve buying Jana Holdings 16.9% stake followed by an open offer. Jana Holdings is seeking to sell its stake to meet bond repayment obligations by December 2026.

25 Aug 2026 4:30 pm
OBC creamy layer case: Supreme Court agrees to consider setting up special bench

The Supreme Court is set to consider setting up a special bench regarding the OBC creamy-layer ruling, which holds significance for the selections of the Civil Services Examination 2025. The govt aims to revert to previous criteria for 958 candidates to ensure fairness for earlier applicants. The court will consult with judges prior to making a decision.

25 Aug 2026 4:13 pm
Rays of Belief IPO: Mom's Belief operator announces price band for issue opening on September 1

Rays of Belief, which operates under the Moms Belief brand, will open its IPO on September 1, with a price band of Rs 227-239 per share. The Rs 125 crore issue comprises a fresh issue of 52.30 lakh shares and will close on September 3. The company plans to use the proceeds to expand its centre network across India.

25 Aug 2026 4:12 pm
Headscarf not an essential part of Islam: Allahabad HC rejects students plea to wear hijab with school uniform

Allahabad High Court has dismissed a minor students plea seeking permission to wear a hijab with her school uniform, saying she failed to provide sufficient factual or legal material to establish it as an essential religious practice in Islam. Muslim clerics have criticised the verdict and said hijab should be allowed with prescribed school uniforms.

25 Aug 2026 4:09 pm
Multibagger stocks: Ather Energy, Hind Copper, MCX among stocks which surged up to 250% in one year

Despite Nifty 50 losses, several Nifty 500 stocks delivered multibagger returns over the past year. Ather Energy led with 248%, followed by HFCL, Welspun Corp, Aditya Infotech, Hindustan Copper, RR Kabel and others.

25 Aug 2026 4:04 pm
Oil fall lifts rupee to over one-week high after central bank keeps lid on losses

The Indian rupee surged to a one-week peak on Tuesday, empowered by the recent dip in oil prices alongside measures taken by the central bank. Throughout the trading day, the rupee remained within a narrow band as Brent crude prices decreased by more than three percent. Concurrently, Asian currencies showed slight declines, with the dollar index slipping beneath 99.

25 Aug 2026 3:47 pm
Global Market: Japanese businesses turn to currency hedging as weak Yen drives up import costs

Japanese businesses are increasingly turning to longer-term supplier agreements and currency hedging as the yens prolonged weakness raises import costs and makes expenses harder to predict. Companies are locking in prices and exchange rates for longer periods, while exporters are also seeking protection against currency swings as uncertainty over the yens outlook persists.

25 Aug 2026 3:46 pm
Sensex rises 287 points, Nifty closes above 24,300 as market swings into green on first monthly expiry after CAS

The Indian stock market ended higher on Tuesday after a volatile session, with Sensex gaining 287 points and Nifty rising 115 points. Pharma, PSU banks and consumer durables led sectoral gains, while private banks and metals declined. IndiGo, Adani Ports, Infosys and Trent gained, while Eternal and HCLTech fell.

25 Aug 2026 3:45 pm
MFs kept buying these 9 largecap stocks for 2 quarters; shares surged up to 50%

Mutual funds have steadily raised their holdings in several large-cap stocks over the past two quarters, with nine such stocks delivering 25-50% gains in CY26 so far. Data from ACE Equity shows that Adani Energy Solutions, Lenskart Solutions and ABB India led the pack, while Adani Power, Siemens, Bosch, Adani Green Energy, Billionbrains Garage Ventures and Titan Company also recorded strong gains alongside rising MF ownership.

25 Aug 2026 3:38 pm
Hindustan Zinc shares fall 3% on reports of fresh government stake sale via OFS

Hindustan Zinc shares dropped on Tuesday after expectations of a fresh government stake sale through an OFS resurfaced following the Hindustan Copper stake sale. The government is reportedly considering selling around 1.5% of Hindustan Zinc, which could raise Rs 3,500-4,000 crore. The stock has declined nearly 3% in 2026.

25 Aug 2026 3:36 pm
Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadline

India's FAST Scheme 2026 provides a unique opportunity for taxpayers to declare foreign assets. This voluntary disclosure window closes on December 31st, 2026, offering significant benefits. Taxpayers can regularize undisclosed foreign assets and income by paying a specified tax and penalty. Failure to declare by the deadline will result in harsher penalties under the Black Money Act. This scheme is crucial for individuals with unreported overseas investments and income.

25 Aug 2026 3:32 pm
South Africas cricket fever pays off as SA20 Season 4 generates $406 million GDP boost

Having achieved its most robust economic performance yet, South Africa's SA20 League has injected $406 million into the country's gross domestic product. This figure illustrates a striking 23% increase in economic influence compared to the previous year. Attendance surged by 13%, while direct spending climbed to $137 million. The league is gearing up for its fifth season, which is scheduled to start in January 2027.

25 Aug 2026 3:29 pm
Global trade shake-up reaches fashion as Zara supplier Pearl Global eyes Africa market

Pearl Global eyes North Africa and Jordan for manufacturing expansion. This move aims to serve European customers and diversify production bases. The company is reducing its reliance on the United States market. Other Indian garment exporters are also increasing African production. Pearl Global anticipates significant revenue growth in the coming years.

25 Aug 2026 3:14 pm
India targets $55 trillion economy by2047 through AI, manufacturing, FDI and sunrise sectors

India aims for a $55 trillion economy by 2047. This ambitious goal relies on leveraging its young demographic in artificial intelligence. Strategic capital deployment and sustained growth will unlock value across core sectors. Attracting foreign investment and expanding manufacturing are vital for this economic expansion. Dominance in sunrise sectors like space and defense tech will drive this future growth.

25 Aug 2026 3:10 pm
August 31 ITR filing deadline: ITR-3 or ITR-4? Which form you should choose while filing your income tax return

Taxpayers engaged in business activities must submit either ITR-3 or ITR-4 by the deadline of August 31, 2026. While ITR-4 simplifies the process through presumptive taxation, ITR-3 demands a more detailed presentation of accounts.

25 Aug 2026 2:57 pm
Sugar ex-mill prices down 18% to Rs 55/kg

The ex-mill price of sugar has declined by 18 per cent to Rs 55 per kg since the government's decision to allow imports and clamp down on speculation and hoarding of the sweetener, Food Secretary Sanjeev Chopra said.Ex-mill prices of sugar had shot up to a record Rs 67 per kg last week - a spike Chopra attributed to mills jacking up rates.Ex-mill price of sugar, which were jacked up by mills, have started cooling down. They have declined to Rs 55 per kg and will further drop in the coming days,

25 Aug 2026 2:44 pm
Vodafone Idea shares surge 7%: Is SBI-led debt deal finally nearing closure?

Vodafone Idea shares rose sharply after reports that a consortium of public-sector banks led by SBI is nearing approval of a larger debt package for the telecom operator. The funding is part of Vis broader Rs 45,000-crore requirement and could provide financial flexibility to expand its network and execute planned capex.

25 Aug 2026 2:40 pm
Strong Returns! IPO market heats up with 25% average listing gains in two months

Indias IPO market has staged a strong comeback in July-August, with 18 of 22 listings delivering positive debut-day returns. Average listing gains stood at 25%, sharply above the 7% recorded in Q1FY27. Analysts expect momentum to continue, supported by strong investor sentiment, attractive valuations and major upcoming IPOs.

25 Aug 2026 2:18 pm