The Economic Times

Indian equities plunged nearly 1% before recovering, as escalating US-Iran tensions, soaring crude prices and global bond stress battered sentiment. Sensex closed 374 points lower, while Nifty fell 141 points, with analysts warning of continued bearishness below 24,000.

JM Financial Asset Management has secured Rs 700 crore in its pre-IPO fund's first close. This fund targets businesses expected to list publicly within eighteen months. It received commitments from various investors, including family offices and institutions. The fund will invest sector-agnostically in companies with strong fundamentals and growth prospects. JM Financial Asset Management's AIF division enters the growing pre-IPO investment segment.

British banks are stepping up their game by putting forth more higher-risk assets as collateral at the Bank of England. This action marks a notable increase in the use of top-risk collateral, reaching levels not seen since March 2020. Unlike the European Central Bank, the central bank is willing to accept loan-backed securities, ensuring that it safeguards its interests through stringent risk management strategies.

Indian equities remained volatile amid global bond-market stress and West Asia tensions, with mid-caps under pressure. Analysts recommend SKF India and Aegis Vopak Terminals, citing technical breakouts, strong volumes and improving momentum for potential upside.

The U.S. Mint has unveiled a striking gold-colored dollar coin honoring President Donald J. Trump, coinciding with the nation's 250th anniversary celebration set for 2026. Crafted from copper, these collector coins will feature a unique privy mark on select pieces. This release represents a noteworthy occasion in the history of U.S. currency.

On Wednesday, Dell Technologies experienced a notable surge in its shares, fueled by booming demand for AI servers. Companies such as Dell and Super Micro are capitalizing on this trend, with Dell reporting an extraordinary 58% increase in second-quarter revenue, reaching an impressive $47 billion. Additionally, the firm has significantly upgraded its revenue and profit projections, mirroring the surge in investments for AI applications in data centers.

India is grappling with rising global bond yields and surging oil prices, which are heightening imported inflation. These economic challenges pose a threat to sustained corporate profits. Meanwhile, SEBI's auction initiative aims to bolster market integrity and enhance price discovery. Although RBI's new deposit guidelines provide some temporary relief amidst foreign exchange pressures, they don't offer a lasting solution.

Brown-Forman's first-quarter sales fell short of expectations, yet the company reaffirmed its annual financial goals. Economic worries from inflation and job market uncertainties are curbing consumer spending on alcohol, stabilizing whiskey sales while ready-to-drink products thrived. Similarly, competitor Pernod Ricard reported weakened demand in critical global markets. After releasing this information, Brown-Forman's shares experienced a modest bump.

The electric two-wheeler manufacturer Simple Energy is on the hunt for significant capital investment to elevate its production capabilities and fortify its supply chain operations. The target is to ramp up production to 10,000-12,000 scooters by March, a vital step towards claiming market leadership within eighteen months. Once the funding is secured and production goals met, ambitious IPO strategies are set to follow.

John Williams, the President of the New York Fed, emphasizes the impact of robust economic growth on increasing bond yields. He highlights the Federal Reserve's essential role in managing inflation and achieving its goals. As he continues to analyze data for upcoming interest rate adjustments, recent economic indicators show promise in reducing price pressures. The central bank remains vigilant, ready to adapt its strategies based on new information.

Zerodhas merchant banking licence application has received Sebi clearance, enabling its expansion into investment banking after formal registration. The move broadens its financial services portfolio, strengthens its capital markets presence and positions the broker to support companies raising funds through IPOs.

MSCI will remove Swiggy from its Global Standard Indexes on September 7, 2026, due to foreign ownership limit breaches. This deletion adds pressure on the stock, forcing passive funds to reduce exposure while limiting fresh foreign investment.

NCDEX and the Cotton Association of India have signed a five-year partnership to expand cotton derivatives participation, improve price discovery and strengthen risk management through greater futures adoption across Indias cotton value chain.

Car headrests serve as essential safety components designed to protect against neck injuries. They are not merely comfort features; regulations mandate their proper height and backset for optimal protection during accidents. Rigorous strength and energy absorption tests ensure these headrests can withstand high forces while keeping occupants safe. Proper adjustment is crucial to harness their full protective capabilities.

US stocks gained on Wednesday as strength in AI stocks helped the S&P 500 and Dow offset renewed US-Iran tensions and rising inflation concerns. Investors also weighed higher Treasury yields and growing bets on a September Fed rate hike, while Fridays jobs report could provide the next major market signal.

US stocks traded mixed as investors assessed fresh US jobs data and escalating attacks between the US and Iran. The S&P 500 gained 0.1%, while the Dow rose 0.4% and Nasdaq slipped 0.1%. Oil prices held steady as the conflict disrupted shipments through the Strait of Hormuz.

HSBC Holdings has set the final price guidance for its upcoming Samurai bond issuance, featuring senior unsecured callable fixed-rate bonds maturing in 2030, 2032, and 2037. These bonds, denominated in yen, will be sold at their full face value. Investors can expect pricing on Friday, with a settlement date earmarked for September 11th. The ultimate sale size will depend on how much investor interest there is.

Season thirty-five of Dancing with the Stars features Olympic gold medalist Amber Glenn and Paralympic gold medalist Ezra Frech. This marks a historic first as both champions compete side by side on television. Glenn, a figure skater, enters the ballroom while her competitive career remains active. Frech, a track and field star, brings his Paralympic success to a new platform.

R Madhavans approach to fatherhood goes beyond spending quality time with his son Vedaant. The actor has spoken about raising him with gratitude, respect, independence and the confidence to form his own opinions, while also sharing why he never wanted to mollycoddle him. From asking Vedaants opinion at five to encouraging him to stay engaged in activities he enjoys, Madhavan reveals the three parenting lessons that shaped his sons upbringing.

The Chicago Federal Center found a practical way to reduce energy use. GSA upgraded its HVAC system across the large federal complex. The changes included new air handlers, heating coils and fan coil units. Two building automation systems also improved daily operations. Within one year, natural gas use fell 25%. The upgrade saved about $140,000, showing how smarter building management can deliver real energy savings.

While apple cider vinegar has been touted for weight-loss benefits, concrete scientific backing is limited. A pivotal study that highlighted its effectiveness was withdrawn due to data integrity issues. Although it may play a role in regulating blood sugar and curbing appetite, these benefits are not enough for significant weight loss. Scroll down to find more details.

Quote of the Day by Carmen Electra: Carmen Electras quote, If you are thinking every day, I have to get to the gym and I have to lose this weight, and thats all you think about and you obsess over it, its not healthy, explores the importance of balance, self-acceptance, and emotional well-being in fitness. The quote suggests that while exercise and maintaining a healthy lifestyle are important, constantly worrying about weight, workouts, or physical appearance can become unhealthy when it turns

In 1905, William Kent bought redwood forest land to safeguard it from loggers. However, when a water company proposed constructing a reservoir that endangered the forest, he took action. In 1907, Kent donated nearly 300 acres to the federal government, leading President Theodore Roosevelt to establish Muir Woods National Monument, ensuring the ancient redwoods would be preserved for generations to come.

Madonna has reportedly shown interest in Angelina Jolies $29.85 million Los Feliz mansion, with the singers representatives arranging a virtual tour of the historic estate. The lavish California property, once owned by Hollywood filmmaker Cecil B. DeMille, features a Beaux-Arts mansion, pool, guest house, studio and sweeping views of the Hollywood Hills.

Michael Jackson's Neverland Ranch took advantage of agricultural tax credits by engaging in cattle ranching, which offered lower property taxes in exchange for maintaining farmland. However, county officials later scrutinized the ranch due to developments that clashed with agricultural preservation standards. The presence of an amusement park and zoo led to the ranch's exclusion from the tax program, imposing higher property taxes and causing financial strain for Jackson.

In Milpitas, California, an innovative on-ramp has been constructed using shredded tires as a lightweight fill material. This eco-friendly approach effectively tackled the issue of unstable bay mud, curbing excessive structural settlement and minimizing construction expenses. Additionally, it alleviates the growing challenge of illegal tire disposal in the state, serving as a replicable solution for future infrastructure endeavors.

Quote of the day by Kevin Costner from Tin Cup explains how choices made during difficult moments can shape a persons path. The line focuses on personal power, courage, responsibility, action, choice and character. The quote also connects with Roy McAvoys decision to take a risky shot instead of choosing the safer option.

Quote of the Day by Ozzy Osbourne: Ozzy Osbourne shares his belief that hating others is not only unproductive but also brings unnecessary negativity into one's life. By letting go of past resentments, he emphasizes the importance of achieving emotional freedom and inner peace, guiding individuals to concentrate on the future. As a heavy metal icon turned reality star, his insights continue to resonate with those grappling with anger, advocating for a more uplifting existence.

China's Tibet reports twenty-one confirmed deaths and 541 missing after recent Himalayan flash floods. Neighboring Nepal has confirmed 1,114 deaths and nearly 4,000 people remain missing. These devastating events followed a glacier collapse in the Himalayas last week. The collapse unleashed a powerful deluge that swept through the mountainous region. The scale of the disaster continues to unfold in both affected nations.

Some Avon Lake schools closed due to extreme heat while others remained open. Older buildings without air conditioning became unsafe for students and staff. This situation highlights infrastructure challenges for aging school facilities. Renovations are underway to install cooling systems in these older buildings. Future heat waves may no longer force similar school closures.

India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion of these substantial inflows. This strong response prompted the Reserve Bank of India to close deposit mobilization earlier than planned. The inflows have significantly boosted banking system liquidity and strengthened foreign exchange reserves.

Naval Station Great Lakes enhanced waste management after joining the Federal Green Challenge. The station increased recycling by 114 percent and composted over 300 tons of waste. Food waste from five galleys was collected for composting and additional recycling bins were added. Employees and trainees supported these programs through active participation and education.

U.S. private payrolls saw a moderate increase in August, adding 38,000 jobs. This figure fell short of economists' expectations for job growth last month. The ADP report, a precursor to official data, showed a revised 46,000 jobs added in July. Economists surveyed by Reuters anticipate a rebound in nonfarm payrolls for August. The unemployment rate is expected to remain steady at 4.1 percent.

Indian auto leaders and ministers emphasized deepening localization for global supply chain strength. They stressed owning more value chain components amid geopolitical uncertainties and resource crunches. Accelerating technological capabilities in semiconductors and batteries is now essential for independence. The industry must scale up design, development, manufacturing, and export of components from India. Policy measures and incentives are supporting this growth in volumes and know-how.

President Trump's aides seek to prevent Iran war escalation before elections. They are focusing on economic pressure to achieve concessions from Iran. This strategy faces challenges as both nations engage in recent retaliatory strikes. Military officials warn that prolonging the conflict strains munitions stockpiles. The administration aims to maintain a quiet approach until after the November vote.

Indian government bonds faced further declines for the fifth consecutive session as U.S. Treasury yields approached three-year peaks. The surge in oil prices reignited inflation concerns, particularly impacting India due to its status as a major importer. This scenario intensified expectations for monetary policy adjustments by the RBI. Critical upcoming events include the U.S. FOMC meeting and fluctuations in oil prices.

The CBI filed a chargesheet against nineteen accused in a Rs 504-crore fund misappropriation case. Six Haryana cadre IAS officers and bank officials were named in the chargesheet. The accused allegedly orchestrated a fraudulent scheme to misappropriate government funds. These funds were transferred to specific bank branches and then to third parties. The CBI has now charged a total of thirty-seven individuals in this ongoing investigation.

Clint Eastwoods 1995 sale of roughly 280 acres of his California coastal property to Monterey County for $3.08 million became an important chapter in Carmels conservation history. The Malpaso land was acquired for open-space preservation and placed under permanent conservation protection, preventing future development. Heres how Eastwoods property deals became intertwined with the fight to preserve the scenic Carmel coast.

People often reread their own old messages years later, even when they have no real reason to. Psychology suggests the habit can be linked to nostalgia, memory, curiosity, closure and the need to understand how much we have changed. Old chats can also act as a record of past experiences, allowing people to compare what they remember with what they actually wrote at the time.

The government clarified GDP revisions are due to series changes and improved data. Last year's GDP estimate was adjusted after a new base year was introduced. Manufacturing's negative inflation reflects separate input and output price deflation. GDP inflation differs from CPI and WPI as it covers the entire economy. Private consumption expenditure calculations do not directly use double deflation.

Nasa scientists grew corn seeds in space: NASA conducted an intriguing experiment on corn seeds grown in the absence of gravitys guiding force. The seedlings developed healthy-looking tissues but grew in unpredictable directions, highlighting the important role gravity plays in plant orientation and growth. Other plants, including Arabidopsis, have also shown unusual growth patterns in microgravity.

While exploring the rugged coast of Cornwall, a young boy stumbled upon human teeth, igniting an archaeological inquiry. The investigation uncovered numerous human remains, suggesting it could be a significant burial site. Radiocarbon analysis traced the remains back to the early 1720s, aligning with the tragic Royal Anne Galley shipwreck that claimed over 200 lives, potentially unveiling a long-speculated resting place for the deceased sailors.

Commerce Minister Piyush Goyal described India as an oasis in global turmoil. He stated the nation remains the fastest growing among large economies. The government is planning exemptions for high-end sectors like semiconductors. These sectors will be freed from government-mandated standards. This initiative aims to foster growth in critical industries.

The Executive Centre has launched a cutting-edge coworking space in Gurugram, aligning with its strategic vision for growth and commitment to vibrant business ecosystems. This location caters to international companies in search of innovative workplace solutions and flexible arrangements. As managed offices and coworking soar in popularity, this trend emphasizes the increasing demand for adaptable work environments by occupiers.

BNP Paribas executed nearly half of the record $4.2 billion in MSCI-linked Indian stock trades through the closing auction. The French bank handled about $1.9 billion, largely for global institutions, as favorable tax treatment boosts its securities-services role in India.