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Nippon India Mutual Fund unveils Income Plus Arbitrage Omni FoF
Nippon India Mutual Fund introduces a new fund offer, Income Plus Arbitrage Omni Fund of Fund, combining arbitrage and debt strategies for better risk-adjusted returns.
RBI proposes guidelines for floating-rate loans: How they affect you?
The Reserve Bank of India (RBI) has proposed a new set of guidelines to protect borrowers with floating-rate loans from changes in interest rate benchmarks.
How Reliance-Rolls-Royce pact could transform India's defence sector over 15-years
Reliance Industries and British aerospace giant Rolls-Royce have teamed up to develop an indigenous combat aircraft engine for India's Advanced Medium Combat Aircraft (AMCA) program.
RBI closing special foreign currency deposit window on August 31
The Reserve Bank of India (RBI) has advanced the closure date for its special Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit scheme.
Nirmala Sitharaman says India's NPAs lowest ever at PSB Confluence
Union Finance Minister Nirmala Sitharaman announced that non-performing assets (NPAs) in Indian banking have dropped to their lowest-ever level, signaling robust sectoral strength.
Suryoday Small Finance Bank raises FD rates under ₹3 cr
Suryoday Small Finance Bank has increased fixed deposit interest rates effective August 15, 2026, offering up to 8.50% for senior citizens and 8.25% for regular customers.
Indian markets snap 5 day slide as Sensex Nifty rebound
Sensex rebounded 250 points from the day's low, while Nifty reclaimed 24,300 as value buying and easing India VIX helped markets pare losses after a five-session decline.
Indian financial institutions set record with $8 billion U.S.-dollar bonds
Indian financial institutions have issued a record $8 billion in dollar bonds this year, driven by a central bank facility reducing overseas borrowing hedging costs.
Gold rises toward $4,400 as US rate hike fears ease
Gold prices witnessed a slight increase on Monday, thanks to a weaker dollar and new economic data from the US.
Zee Entertainment names Mishra chief marketing officer to strengthen brand
Zee Entertainment has named Ashish Mishra as its Chief Marketing Officer. He will spearhead the company’s marketing strategies, focusing on consumer engagement and brand growth.
Nirmala Sitharaman unveils high-level committee on Banking for Viksit Bharat
Finance Minister Nirmala Sitharaman announced that a high-level committee on banking reforms will be formed soon to align India’s banking sector with its 2047 economic goals.
ICICI Securities maintains buy on Honasa Consumer at ₹720 target
ICICI Securities recommends a BUY on Honasa Consumer, citing strong Q1FY27 performance with 27% YoY revenue growth and a revised target price of Rs 720.
ICICI Securities rates Indigo Paints Buy, raises target to ₹1,300
ICICI Securities recommends a BUY on Indigo Paints with a target price of Rs 1,300, citing strong market share expansion and robust growth in the waterproofing segment.
BSNL plans ₹77,000cr rollout for 200,000 4G sites and 5G
BSNL plans to fund its Rs 77,000-crore investment for deploying 2 lakh 4G sites and network upgrades through asset monetisation, aiming to achieve operational breakeven by FY29.
OPEC: US expected to supply about 55% of India's LPG (in 2026)
The US is set to replace the Middle East Gulf as India’s largest LPG supplier, accounting for 55% of imports, driven by supply diversification and energy security priorities.
Larsen & Toubro wins over $1.8bn Middle East offshore contract
Larsen & Toubro has won an ultramega offshore development order exceeding Rs 15,000 crore in the Middle East, involving EPCIC of facilities to meet growing energy demands.
Nestle launches drinks to support Ozempic and Wegovy users' health
Nestle is leveraging AI and nutritional science to create specialized products addressing side effects of GLP-1 weight-loss drugs, transforming challenges into opportunities.
SkyHop, Noemi Aerospace explore electric seaplanes in South Asia
SkyHop Aviation partners with Noemi Aerospace to explore deploying electric seaplanes, aiming for a 40-aircraft fleet by FY2030, with 20-25% being electric or hybrid models.
India's quick commerce market crosses 9M daily orders
India's quick commerce industry has hit a major milestone, crossing nine million daily orders.
India's office professionals shift to gig work, 'Theory of tournaments'
As gig work replaces salaried jobs in India, earnings will mirror Wimbledon-style payoffs, with top performers earning disproportionately more than others.
Q&T Foods IPO subscribed 1.42x raised ₹26.25cr allotment 17 August
The Q&T Foods IPO share allotment is set to be finalised today, 17 August. Investors can check their allotment status online via the registrar's or BSE's website.
Uflex shares rise 16% after Q1 FY2027 profit up 629.6%
Uflex shares soared 16% after the company reported a staggering 630% YoY jump in Q1 FY27 net profit to Rs 423.3 crore, alongside a 38% revenue growth.
India plans ₹10,000cr waterway network to boost logistics
India is gearing up to expand its inland waterways network with a massive investment of over ₹10,000 crore, as per a Mint report.
Canva records 1 billion designs, 250 million videos in India
India has emerged as Canva's fourth-largest market globally, driving product innovations like Canva Offline and Code 2.0 while shaping its AI-first approach.
OpenAI disbands team assessing AI model risks
OpenAI has disbanded its preparedness team, a group that assessed the risk levels of its artificial intelligence (AI) models.
RBI proposes draft common loan rate framework effective April 2027
The RBI's proposed 2026 framework mandates borrower consent for benchmark changes, ensuring EMI stability and transparent interest rate adjustments for floating-rate loans.
China and Hong Kong stocks gain on tech, semiconductor earnings
Chinese and Hong Kong equities climbed as semiconductor stocks rallied on robust earnings, while consumer and liquor shares lagged amid anticipation of key economic data.
Zaggle Prepaid stock falls 20% after Q1 FY27 profit slide
Zaggle Prepaid shares nosedived 20% on Monday after the company reported a 33% drop in Q1FY27 net profit and shrinking EBITDA margins despite revenue growth.
Alibaba sells gaming unit to focus on AI, cloud computing
Alibaba Group Holding Ltd. has agreed to sell its gaming division, Lingxi Games, in a deal worth at least $1.5 billion. The buyer is Asian private equity firm Trustar Capital.
Eighth Central Pay Commission issues consultant hiring guidelines, salaries unchanged
The 8th Central Pay Commission has introduced new eligibility, experience, and age criteria for hiring consultants across three categories.
Dhoot Transmission shares debut at 38% premium over IPO price
Dhoot Transmission made a strong debut on the stock market today.
Jan Hatzius says Goldman Sachs views September Fed hike unlikely
Goldman Sachs argues that market expectations for Federal Reserve rate hikes are overly aggressive, citing softer economic data and improving inflation trends.
Rupee slips 17 paise to 95.59 after RBI swap deadline
The Indian rupee fell 17 paise to 95.59 against the US dollar on Monday, amid cautious investor sentiment following changes to the RBI's FCNR (B) swap facility deadline.
Oil prices edge higher as Iran threatens Strait of Hormuz
Brent crude oil futures rose slightly on Monday, reflecting market uncertainty as geopolitical tensions in West Asia persist, particularly over the Strait of Hormuz blockade.
Stripe to acquire AI start-up OpenRouter for $7B
Stripe, the leading payment processor, has finalized an agreement to acquire OpenRouter, a start-up specializing in artificial intelligence (AI) model switching, according to Bloomberg.
Tiger Global trims big tech, exits Netflix, doubles Intel stake
Tiger Global reduced stakes in major Big Tech firms, exited Netflix, and increased semiconductor exposure by doubling Intel holdings and initiating positions in AMD and SpaceX.
Oil nears $90 as US-Iran peace talks stall
Oil prices rose in early Asian trading on Monday, with Brent crude futures increasing to nearly $90 per barrel.
Dhoot Transmission shares jump 37.77% on NSE market debut
Dhoot Transmission shares surged 37.77% on NSE, opening at ₹1,200 against the IPO price of ₹871, following overwhelming investor demand with a 74.21 times oversubscription.
Mutual funds boost IT allocation to 6.6% in July
Mutual funds increased their exposure to technology stocks in July as easing AI concerns and a 19% surge in the Nifty IT index revived investor confidence.
Hero MotoCorp names Srihari Mulgund as Chief Strategy Officer
Hero MotoCorp has named Srihari Mulgund as its Chief Strategy Officer. With 24+ years of global automotive experience, he will drive the company's strategic initiatives forward.
Top US 1% companies spend $7,400 per employee on AI
The top 1% of companies are now spending Rs 7 lakh per employee on AI tools, highlighting a sharp rise in costs as businesses increasingly adopt advanced technologies.
Sensex and Nifty slip as crude hits $88.6 amid tensions
Sensex and Nifty started the week on a weak note as elevated crude oil prices and Middle East tensions dampened investor sentiment, with both indices slipping in early trade.
Economic Times Startup Awards return August 25 in Bengaluru
The 12th edition of ET Startup Awards, chaired by Rishad Premji, will convene a distinguished jury in Bengaluru to honor India's brightest entrepreneurial talent.
Five-day losses push Sensex below 77,700 as Brent hits $89
Sensex fell over 300 points and Nifty slipped below 24,300 as surging oil prices and weak IT and PSU stocks dampened investor sentiment for the fifth consecutive session.
Shiprocket IPO allotment today: How to check status online
Shiprocket, a leading e-commerce enablement platform, is set to finalize its IPO allotment today.
Tata Motors warns margins will persist after Q1 FY27 plunge
Tata Motors foresees sustained margin pressures in Q2 FY27, impacting the Indian passenger vehicle market amid commodity cost challenges and industry-wide headwinds.
India's CERC lets green power developers retain connection with fees
India's power regulator now permits clean energy developers to pay fees for extended deadlines, ensuring grid connectivity despite project delays.
N Chandrasekaran to leave as Tata Sons chairman in 2027
Differences over strategy, governance, and business direction between N Chandrasekaran and Noel Tata preceded the leadership transition announcement at Tata Sons.
India quick commerce records 9.1 million daily orders in August 2026
India's quick commerce platforms collectively surpassed 9 million daily orders in August, with Blinkit, Zepto, and Instamart leading the competitive market.
Alibaba sells Lingxi Games to focus on AI and cloud
Alibaba is selling its gaming unit, Lingxi Games, to Trustar Capital for over $1.5 billion as part of its strategic shift toward artificial intelligence and cloud computing.
Jane Street loses $15 billion in July amid AI slump
Jane Street faced a rare $15 billion loss in July, driven by AI-focused hedge fund struggles and wrong-way bets on Chinese market options amid volatile equity conditions.
Donald Trump-linked World Liberty Trust wins conditional $1 stablecoin approval
The U.S. Office of the Comptroller of the Currency has conditionally approved a bank charter for World Liberty Financial, enabling expanded stablecoin operations.
Shiprocket IPO ₹1,617.48cr oversubscribed 102.28x allotment status may be tonight
Shiprocket's IPO, which saw a 102.28x subscription, will finalize allotments today, August 17. Investors can check their status online via Kfintech, BSE, or NSE platforms.
Pensioners urge Eighth Pay Commission terms update for fairer pensions
Pensioner bodies BPS and AIDEF urge the government to amend the 8th Pay Commission's Terms of Reference, emphasizing pension revision, parity, and family pension inclusion.
Indian markets to open quietly amid Strait of Hormuz tensions
Indian markets are poised for a flat to negative start amid mixed global cues, with Gift Nifty trading slightly below last session's Nifty futures close.
Bengaluru-based NxtGen launches SpeedCloud Global claiming 39% to 48% savings
NxtGen has introduced SpeedCloud Global, extending its public cloud platform internationally, offering enterprises cost-effective cloud and AI services at up to 48% lower costs.
RBI ends FCNR(B) window early after $52.3 billion inflows
The Reserve Bank of India (RBI) has advanced the closure of its special FCNR(B) deposit mobilisation window to August 31, 2026, citing robust foreign currency inflows.
MCX gold ₹1.54L/10g and silver ₹2.35L/kg rise, Comex gains
Gold and silver prices maintain a positive outlook amid global economic cues, with analysts projecting further gains despite volatility and profit-booking trends.
Oil prices mostly flat as Strait of Hormuz traffic drops
Oil prices remained stable Monday as vessel traffic through the Strait of Hormuz nearly halted, while US-Iran negotiations over reopening the critical waterway showed no progress.
China's CXMT memory-chip maker now worth over $500B overtakes Tencent
CXMT Corp. has surpassed Tencent as China’s most valuable firm, marking a pivotal shift toward hardware companies aligned with Beijing's strategic AI ambitions.
Molbio Diagnostics to list today at ₹927 after 70.26x subscription
Molbio Diagnostics shares are set to list today, August 17, with a grey market premium indicating a potential debut price of ₹927, reflecting a 15% premium over the issue price.
Japan GDP disappoints while Asian markets show mixed Monday
Asian markets showed mixed performance Monday, with Japan's Nikkei dipping 0.13% after Q2 GDP growth missed forecasts, while Hong Kong's Hang Seng led gains, rising 0.6%.
Indian companies post fastest revenue growth while net profit lags
India Inc achieved its highest revenue growth in nine quarters, driven by key sectors like auto and banking, even as rising input costs squeezed profit margins.
Mumbai stock market sees 9 IPOs aiming to raise ₹7,100cr
This week, Mumbai's primary market gears up for seven mainboard and two SME IPOs, collectively aiming to raise ₹7,100 crore in fresh capital.
Lalithaa Jewellery Mart IPO opens Aug 17 priced ₹190-₹201, 11,250Cr
Lalithaa Jewellery Mart's ₹1,700-crore IPO opens on August 17 with a price band of ₹190-201 per share. Brokerages offer mixed views, citing growth potential and associated risks.
Horizon Industrial Parks opens IPO priced ₹57-60 through August 19
Blackstone-backed Horizon Industrial Parks launches its ₹2,600-crore IPO today with a price band of ₹57-60 per share and strong anchor investor participation.
RBI sells dollars daily to steady rupee amid oil jump
The Reserve Bank of India is actively defending the rupee at 95.45 against the dollar, as rising crude oil prices and increased dollar demand intensify currency depreciation risks.
Yotta Data Services to raise $1.5 billion before India IPO
Yotta Data Services plans to raise $1.5 billion in FY27 through a combination of pre-IPO funding and an India IPO, with the latter potentially raising up to $400 million.
Brent crude holds near $89 as Lebanon conflict affects shipping
Brent crude prices hovered near $89 a barrel as escalating violence in Lebanon and heightened tensions in the Strait of Hormuz fueled concerns over global oil supply stability.
Stripe buys OpenRouter for more than $7B in AI push
Stripe is reportedly acquiring AI gateway startup OpenRouter for over $7 billion, following the latter's recent $1.3 billion valuation and rapid growth to 8 million global users.
Major NBFCs urge RBI to rethink revolving credit ban
India's top NBFCs are lobbying the RBI to reconsider its proposed ban on revolving credit products, citing potential disruptions to MSME and individual financing.
Reserve Bank of India bars CRAs calling it deposits regulator
The Reserve Bank of India has directed credit rating agencies to avoid identifying it as the regulator for bank deposits, potentially leading to a halt in deposit rating practices.
Amber to manufacture OPPO, OnePlus, and Realme smartphones
Amber Enterprises India, a leading electronics manufacturing services company, expects to start manufacturing smartphones for Chinese brands OPPO, OnePlus, and Realme from the March 2027 quarter.
7 companies set to launch IPOs next week
The primary market is gearing up for a busy week with seven companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, planning to raise over ₹6,400 crore through initial public offerings (IPOs).
'Self-serving, disgusting': Why Flipkart's 'Freedom Sale' ad is facing backlash
E-commerce giant Flipkart is facing severe criticism over its latest advertisement for the "Freedom Sale."
This SRK-backed company wants to raise ₹660cr via IPO
Purple Style Labs, the parent company of Pernia's Pop-Up Shop and backed by Shah Rukh Khan and Sachin Tendulkar, is gearing up to launch a ₹660 crore initial public offering (IPO) by the end of August.
How Modi government plans to protect India from LPG shortage
In a major policy shift, the Indian government has set refinery- and company-specific maximum LPG production levels for the first time.
AI fires human employee for being late
In a first-of-its-kind incident, an artificial intelligence (AI) system has fired a human employee from a retail store in San Francisco.
Project Insight-2.0 debuts on January 27: How it helps taxpayers?
The Finance Ministry is gearing up to launch Project Insight 2.0, on January 27, 2028.
This billionaire hedge fund manager might lose $6.2B in divorce
Billionaire hedge fund manager John Overdeck is embroiled in a multi-billion dollar divorce battle with his wife, Laura.
Why Meta is staring at potential $200B penalty in US
A coalition of US states is seeking around $200 billion in damages from Meta.
Can India be a $20T economy by 2036?
India has the potential to become a $20 trillion economy by 2036, according to a report by Equirus.
Market cap of India's top 5 companies down ₹1L crore
The combined market capitalization of five out of India's top 10 most valued companies fell by a whopping ₹1 lakh crore last week.
Global AI investment to hit $1 trillion: Goldman Sachs
Goldman Sachs Research has predicted that global investment in artificial intelligence (AI) will reach around $1 trillion by 2026.
FPIs invest ₹16,621cr in Indian equities in August
Foreign portfolio investors (FPIs) have invested ₹16,621 crore in Indian equities during the first half of August.
Indian-origin CEO who fired 900 employees over Zoom loses job
Vishal Garg, the Indian-origin CEO of Better Home & Finance, has been ousted from his position.
Anthropic CEO's wife pitched 'luxury porn' business to Jeffrey Epstein
Cami Clark, the entrepreneur and wife of Anthropic CEO Dario Amodei, is under renewed scrutiny over her past business dealings with convicted child sex offender Jeffrey Epstein.
Anthropic is eyeing $190-$200B revenue by 2028: Report
Anthropic, a leading artificial intelligence (AI) company, is forecasting a staggering revenue of $190-200 billion by 2028.
Modi government reduces windfall tax on diesel, ATF exports
The Indian government has announced a reduction in the windfall tax on diesel as well as aviation turbine fuel (ATF) exports.
Google parent is now Berkshire Hathaway's 3rd largest investment
Warren Buffett's Berkshire Hathaway has increased its stake in Alphabet, the parent company of Google, by a staggering 83% in the second quarter.
Why AGM of Tata Sons is in doubt
The annual general meeting (AGM) of Tata Sons, the holding company of the Tata Group, is in jeopardy.
Modi government launches special disclosure scheme for foreign assets, income
The Indian government has launched a special disclosure scheme for taxpayers to declare specific foreign assets and undisclosed income.
Modi wants 50 Indian firms in Fortune 500 by 2036
On Independence Day, Prime Minister Narendra Modi challenged Indian businesses to aim for global leadership in sectors like banking, pharmaceuticals, consulting, and technology.
US: Customers can't file class-action lawsuits against Amazon anymore
Amazon has reintroduced binding arbitration for its US customers, effectively barring them from filing class-action lawsuits.
Stripe and Advent International in talks to acquire PayPal
PayPal, the leading digital payments company, is said to be in talks with a consortium of investors, including Stripe and private equity firm Advent International for a sale.
Race to succeed Natarajan Chandrasekaran as Tata Sons chairman begins
The race to succeed Natarajan Chandrasekaran as the chairman of Tata Sons has begun, with a mix of senior executives and family members in the fray.
Musk's pay 2.5M times higher than average Tesla worker's
A report by the AFL-CIO, America's largest labor union federation, has revealed that Elon Musk's compensation at Tesla in 2025 was an astounding 2.5 million times more than that of an average employee at the company.