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CreditAccess India sells 2.28% stake in Grameen to offer investors liquidity
CreditAccess India, the promoter of Indias largest pure-play microfinance lender CreditAccess Grameen, has sold a 2.28% stake through block deals to provide a partial exit opportunity to long-term investors. The stake sale is part of a broader plan to increase the companys free float, bring in new investors and broaden institutional ownership, while the promoter continues to back CreditAccess Grameens long-term growth plans.
Honeywell Aerospace shares plunge 26% as supply woes trigger forecast cuts
Honeywell Aerospace shares dropped significantly after supply-chain problems impacted sales targets. The company lowered its annual sales growth outlook for 2026 significantly. Analysts expressed concern over the reduced growth forecast compared to sector strength.
Out of 45 flexi-cap schemes, only six recorded a Sortino ratio above 1, indicating stronger downside risk-adjusted performance. A Sortino ratio above 1 means the fund generated higher excess returns for every unit of downside risk faced.
The 2026 ITR season has exposed major tax reporting gaps among crypto investors, with many mistaking TDS for their final tax liability. Investors who missed the deadline can still file a belated return, report income in Schedule VDA, and claim eligible TDS refunds.
Indias ISMA, coop sugar mills seek incentives to offset early crushing losses
In a letter to Union Food Secretary Sanjeev Chopra, theyre pushing for this proactive move to boost sugar supplies just in time for the festive season
RBI bars banks from disabling mobile devices of defaulting borrowers
Banks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were financed by lenders. The Reserve Bank of India announced these regulations will take effect January 1, 2027. Banks must adopt a gradual approach when disabling devices, not immediately. Essential functions like incoming calls and emergency services remain accessible to borrowers.
India achieves 1.05% CBG blending in FY26, ahead of 1% target
Higher compressed biogas production and procurement supported the target achievement, with fresh policy support aimed at accelerating renewable fuel adoption
Fortis Healthcare Q1 Results: Profit rises 2.3% to Rs 273 crore
Fortis Healthcare's financial report for the first quarter showcases a promising 2.3 percent rise in profit. The consolidated profit after tax now stands at Rs 273 crore, reflecting growth from last year. Additionally, revenue surged 17.5 percent to reach Rs 2,545 crore. The hospital segment thrived, alongside successful diagnostics operations. Leaders of the company highlighted ongoing investment in infrastructure and a positive business momentum for the future.
Technocraft Ventures raises Rs 75.55 cr from anchor investors ahead of IPO
Technocraft Ventures Ltd secured Rs 75.55 crore from anchor investors before its public offering. The company's Rs 252-crore initial public offering will open for subscription on August 7. It has fixed a price band of Rs 200-212 per share for the issue. Proceeds will fund working capital and general corporate purposes. The infrastructure firm's equity shares are proposed for listing on the BSE and NSE.
Sebi takes up 402 investigation cases in FY26; completes 338
Sebi investigated 402 cases in 2025-26 for securities law violations. Fraudulent and unfair trade practices saw 121 cases taken up for scrutiny. Insider trading and illegal trade practices accounted for 224 investigations initiated. Financial statement fraud also came under regulatory focus with 57 cases. Market intermediaries underwent increased surveillance with over 900 brokers inspected.
India gets first AIF comparison platform as industry commitments top 16.94 lakh crore
Alpha AMC launches AIF Platform to bring structure to Indias fragmented alternative investment fund market
Muthoot Microfin Q1 profit jumps 13-fold on stronger loan growth
Muthoot Microfin reported a more than 13-fold rise in Q1 net profit to Rs 81 crore, driven by 49% higher loan disbursements, lower credit costs and improved asset quality. Gross loan portfolio grew 18%, while net interest margin remained stable at 12%.
Many ELSS investors assume they can redeem their entire investment once the first SIP completes three years. However, each SIP instalment has its own three-year lock-in, resulting in staggered redemptions. The lock-in cannot be bypassed by paying an exit load.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite range-bound trade. Analysts said Nifty holding above 24,600 keeps bullish momentum intact, with improving earnings expectations and stock-specific buying supporting broader market resilience.
Corporate bond mobilisation falls 8.4% in FY26, first decline in four years: Sebi
In FY26, Indian corporate bond fundraising experienced an 8.4 percent drop. However, the total number of bond issuances climbed to 1,967, showcasing resilience. Notably, public issuances surged, yet private placements continued to lead overall fundraising efforts. Additionally, corporate bond trades settled through clearing corporations indicated increased activity in the secondary market, while municipal bond issuances and commercial paper listings saw remarkable growth.
Datadog shares fall 16% as investors punish slower growth outlook
Despite a strong second quarter and raised earnings guidance, Datadog faces concerns over moderating growth and weaker usage from a major AI customer.
Traders blink! India's stock investors choose Warren Buffett-style ownership in volatile FY26
Indian investors favoured long-term stock ownership in FY26 as delivery ratios rose to around 30%, despite market volatility. Sebi said stronger domestic inflows, expanding demat accounts and reduced derivatives speculation reflected healthier participation and greater resilience amid foreign investor outflows.
LIC sees no further government stake sale for 18-24 months, says MD; Q1 profit rises 23%
The government will likely not sell more LIC shares for eighteen to twenty-four months. LIC has until 2032 to meet minimum public shareholding norms. The company recently saw a 6.5 percent stake sale well received by markets. LIC achieved ten percent public float ahead of its May 2027 deadline. The insurer reported a twenty-three percent profit increase and premium income growth.
India rules out concessions to US on ethanol import for fuel blending
There is no import of ethanol from the US fuel blending, says Commerce Department
Ralph Lauren shares jump 7% as shoppers in Asia, North America drive revenue beat
Ralph Lauren's first-quarter financial performance surpassed expectations, showcasing a robust demand driven by younger consumers across various regions. Sales saw an impressive twenty-four percent growth in Asia, spurred largely by a surge in the Chinese market. Additionally, North America experienced a thirteen percent increase in sales. Following this positive trend, the company has raised its annual revenue forecast, resulting in a rise in share prices.
Shiprocket IPO: Price band fixed at 92-97; issue opens on August 12
The e-commerce logistics firms public issue will fund business expansion, technology investments, debt repayment and future acquisitions while offering an employee discount.
Milky Mist IPO: Price band fixed at 133-140; issue opens on August 11
The dairy companys public issue includes a fresh issue and offer for sale, with anchor investor bidding beginning on August 10
Tata Sons faces continued listing uncertainty after RBI classification
The Reserve Bank of India has placed Tata Sons under intensified regulatory oversight. This designation will not influence its ongoing bid to relinquish its NBFC license. Tata Sons had cleared its debts and sought deregistration approximately two years ago. The regulator is expected not to mandate a listing until the application is resolved, which, in turn, affects the philanthropic ventures and investments of Tata Trusts.
SEBI lays out FY27 reform agenda with push for simpler rules, deeper markets
Regulator plans LODR review, SLB revamp, fast-track AIF approvals and a corporate bond tokenisation pilot
India tops world in IPO count, ranks third in fundraising in FY26: SEBI Annual Report
India maintained its global lead in IPO numbers during FY2025-26. The nation secured third place worldwide for total funds raised through these offerings. SEBI implemented reforms to ease capital raising while protecting investors. These measures included restructuring public float requirements and extending shareholding timelines. The regulator also allowed founders to retain employee stock options for new companies.
PNB Housing targets Rs 100 cr micro-housing loan book in FY27
PNB Housing Finance anticipates its new micro-housing loan business will reach Rs 100 crore AUM. The company expects disbursements to accelerate now that policies and training are finalised. Leverage is projected to increase to nearly six within three years for organic growth. Funding costs remain stable, with potential for slight softening in market conditions. Construction finance lending has restarted conservatively, focusing on select cities and developers.
F&O de-addiction? Options volumes crash over 50% in FY26 after Sebi's strict rules
Options trading volumes in India dropped 51% in FY26 after Sebi tightened derivatives rules to curb retail speculation. Higher contract sizes, uniform expiries, upfront premium collection and increased transaction taxes reduced expiry-day trading while encouraging healthier market participation and stability.
Sebi will introduce fast-track Alternative Investment Fund launches, a single-window clearance system and the Sebi Setu portal to ease compliance. It also plans corporate bond tokenisation pilots, quantum-ready technology roadmaps and Project Jagrook to strengthen investor awareness and market efficiency.
Warner Bros' revenue disappoints on soft ad sales, weak box-office performance
Warner Bros Discovery reported second-quarter revenue below expectations, mainly due to significant declines in box-office and advertising sales, which weighed on overall financial performance. Despite these challenges, the streaming segment thrived, presenting a glimmer of hope. A merger with Paramount gained UK approval but is entangled in legal issues in the US. The company aims to boost future box-office results with a film slate leaning toward later releases.
Nifty CAS gap narrows as markets adapt to new system
The narrowing gap indicates growing market acceptance of NSEs new closing auction mechanism designed to improve transparency and execution efficiency
US stocks: S&P 500, Nasdaq open lower as tech stocks weigh; MidEast in focus
The S&P 500 and Nasdaq opened lower on Thursday, impacted by technology stock declines. Strong forecasts from Western Digital and Sandisk did not boost investor sentiment. Investors also awaited details concerning a Middle East peace deal. The Dow Jones Industrial Average saw a slight increase at the opening bell. Markets reacted to these mixed signals as trading commenced.
Freelancers must file their ITR by 31 August if they are not required to get their accounts audited. The choice of ITR form, tax method and deductions depends on their income structure. Proper documentation and reconciliation of receipts and foreign income are essential for accurate filing.
Brent crude tops $80 per barrel as Hormuz talks, tanker attacks keep supply risks high
Oil prices climbed as investors tracked Iran-Oman shipping talks and fresh attacks on Saudi oil tankers, raising supply concerns. Brent topped $80 a barrel while traders remained cautious over Strait of Hormuz developments and persistent geopolitical risks affecting global energy markets.
How a 25,000 step-up SIP can build a 10 crore retirement corpus in 25 years
Building a sizeable retirement corpus of 10 crore demands a structured investment strategy, consistent contributions and favourable market returns
Bulls hold ground as D-Street stays cautious; defence stocks fire up
Defence shares and PSU banks outperformed as investors assessed RBI proposals, currency moves, corporate earnings and global macroeconomic developments
Sebi proposes separate master circular for clearing corporations
The Securities and Exchange Board of India (Sebi) is set to refine regulations for stock exchanges and clearing corporations. There will be a distinct master circular for clearing entities, alongside enhanced website disclosure obligations. Additionally, existing provisions regarding stock brokers are to be eliminated from current master circulars. This initiative seeks to unify standards and ease the regulatory landscape.
Sebi proposes investment by REITs, InvITs in third party projects without controlling interest
Sebi has put forth proposals to permit REITs and InvITs to channel their investments into under-construction projects. This initiative is designed to establish a consistent stream of revenue-producing assets over the long term. Moreover, the regulator plans to shorten the cooling-off period for privately placed InvITs. Notably, common remote infrastructure will now be classified as real estate for REITs.
Crompton Greaves Q1 Results: Profit rises 15% to Rs 142 crore, revenue up 11%
Crompton Greaves Consumer Electricals has reported a remarkable 15.17 percent increase in net profit for the June quarter, alongside an 11.84 percent rise in revenue from operations. The company has successfully achieved double-digit growth across all its business segments, bolstered by strategic price hikes and enhanced cost efficiencies. This impressive performance underscores the ongoing growth momentum the company is experiencing.
Indian equities have lagged global markets due to AI-led capital flows, valuation pressures and global uncertainties. However, strong domestic demand, policy continuity, infrastructure growth and healthy fundamentals continue to support India's long-term outlook.
LIC Q1 Results: Profit rises 23% YoY to Rs 13,492 crore, NPI up 7%
LIC Q1 Results: India's leading insurer Life Insurance Corp (LIC) on Thursday reported a 23% year-on-year (YoY) growth in its standalone net profit at Rs 13,492 crore in the first quarter of FY27, compared with Rs 10,986 crore a year ago.
Your next phone is getting pricier. Here's how to buy smart
Consumers are becoming more value-conscious. Many are delaying upgrades, choosing previous-generation or refurbished phones, repairing existing devices, or using exchange offers
Bitter pill: Govt to debar firms submitting fake data for drug approvals
This assumes significant for India's $60-billion pharmaceutical market, as the government aims to clean up the approval system and ensure drug safety and quality.
A consumer commission held a bank liable for failing to act on suspicious transactions after a woman lost nearly 6.93 lakh in a FedEx parcel scam. Despite OTP-authorised transfers, the bank was ordered to refund the amount along with interest and compensation.
Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
The 50-share NSE Nifty traded in a narrow range for the day and edged marginally higher by 11.35 points, or 0.05%, to end at 24,636; during the day, the benchmark hit a high of 24,677.05 and a low of 24,604.15
Rupee falls 16 paise to close at 95.24 against U.S. dollar
Forex traders said the rupee was pressured by a slight recovery in the U.S. dollar index and foreign fund outflows, even as lower crude oil prices provided some underlying support
Choosing a nominee for accounts or policies is crucial, but they only act as custodians until legal heirs receive assets. Final ownership is governed by wills and succession laws, not solely by the nominee. Here's what matters.
RBI classifies Tata Sons as Upper-Layer NBFC under revised framework
The Reserve Bank of India has classified Tata Sons as an Upper Layer NBFC. This classification follows revised norms for financial companies with significant assets. Tata Sons now faces enhanced regulatory and supervisory scrutiny from the central bank. The company must also comply with listing requirements within three years. This move impacts systemically important non-banking financial companies across India.
Milky Mist IPO to open on August 11
IPO comprises a fresh issue of equity shares aggregating up to 1,428 crore and an Offer For Sale (OFS) of up to 125 crore
Indo MIM shares surge 10%, extend gains to 82% over issue price. Should investors book profits?
Indo-MIM's shares skyrocketed by 82%, surpassing their original IPO price, with robust interest from investors and a firm market position. The company reported impressive financial growth in FY26, with both revenue and profitability on the rise. As a premier global manufacturer, Indo-MIM specializes in precision engineering components through MIM technology, serving a wide range of industries, from automotive to medical devices.
Baroda BNP Paribas MF raises Rs 1,200 crore+ from ESG and Services thematic fund launches
Baroda BNP Paribas Mutual Fund raised over Rs 1,200 crore through its ESG Best-in-Class Strategy Fund and Services Fund launches in 2026. The offerings drew investors from more than 5,700 pin codes, highlighting strong demand for thematic, long-term equity investment opportunities across India.
Indian rupee slips on importer bids, far forward premiums ease to one-month low
On Thursday, the Indian rupee ended slightly lower against the dollar, impacted by continuous demand from importers hedging their positions. While falling oil prices helped bolster market sentiment, the rupee has enjoyed recent appreciation thanks to central bank interventions. Analysts are now forecasting possible interest rate increases by the Reserve Bank of India in the near future.
Nazara Technologies approves 733.5-crore preferential fundraise
Future CEO Raymond Stauffer to invest nearly 583 crore
Standard Chartered to offer wealth products in India's GIFT City finance hub
Standard Chartered secured in-principle approval to offer wealth management products in GIFT City. The International Financial Services Centres Authority granted this crucial regulatory approval. The bank plans to launch its retail wealth management offerings within the next few months. This move supports GIFT City's goal of becoming a leading international financial services hub. Standard Chartered is the first foreign bank to operate in GIFT City since 2020.
Bitcoin trades near $64,000 as profit booking emerges, but bulls continue to hold control
Bitcoin traded near $64,700 as buyers maintained control despite profit-booking at higher levels. While major altcoins saw mixed price action, market experts highlighted steady institutional demand, supported by continued net inflows into US spot Bitcoin ETFs, as BTC consolidates below its key resistance zone of $65,000.
NFO Alert: SBI Mutual Fund launches Magnum Equity Ex-Top 100 Long Short Fund
SBI Mutual Fund has announced the launch of its Magnum Equity Ex-Top 100 Long Short Fund under the Specialized Investment Fund framework. Opening on August 7, the NFO targets long-term capital growth by investing outside the top 100 stocks with a long-short strategy using equity derivatives.
Global Market: SoftBank's AI strategy stays on course despite flat OpenAI valuation in Q1
SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDance investments offset weaker contributions from OpenAI. The company remains focused on expanding its AI portfolio, with major investments, new financing and long-term commitments reinforcing its artificial intelligence growth strategy, according to Reuters.
Zerodha co-founder Nithin Kamath said the sharp swings under the new Closing Auction Session (CAS) reflect structural weaknesses in Indian markets rather than flaws in the mechanism itself. The new 20-minute auction, replacing the earlier VWAP-based close, has caused unpredictable late-day moves and losses for options traders and algo desks, fuelling calls for changes or a rollback.
Buying or selling property in India? Here's what NRIs must know before signing the deal
Buying or selling property in India involves more than finding the right deal. From FEMA and TDS to repatriation limits and POA rules, experts explain the compliance pitfalls NRIs must avoid.
Global Market: European shares hit record high as peace hopes, strong earnings lift sentiment
European stock markets extended record gains as optimism over a potential U.S.-Iran peace agreement eased energy supply concerns and strong corporate earnings boosted investor confidence. Deutsche Telekom and Glanbia led sectoral advances, while resilient technology shares and improving earnings expectations supported broader market sentiment ahead of euro zone retail sales data.
These 5 midcap funds deliver over 20% CAGR in 3 years; Invesco India Mid Cap leads
Five midcap mutual funds delivered annualised returns of over 20% in the last three years, led by Invesco India Mid Cap Fund with a 24.7% return. Meanwhile, five other schemes posted comparatively modest returns, highlighting the wide performance gap within the category.
India's corporate registry faces a credibility test as statutory filings slip
Legal experts attributed the decline in compliance to a combination of dormant and inactive companies, financial stress and rising compliance challenges, particularly for smaller businesses.
Market Reaction: Sandisk's AI momentum continues, but forecast leaves Street wanting more
EPS pensioners can get free doorstep life certificate service through India Post; here's how
The EPFO has introduced a free doorstep life certificate service for EPS pensioners through India Post. Eligible pensioners unable to visit centres can call 033-22029000 for assistance. The facility helps ensure timely pension payments through easy digital certificate submission from home.
42 equity mutual funds deliver over 15% CAGR in 10 years, turn lump-sum investments 4x
Around 42 equity mutual funds generated a CAGR of more than 15% over the past decade, turning a Rs 1 lakh lump-sum investment into over Rs 4 lakh. Nippon India Small Cap Fund topped the list with a 20.61% CAGR, while several Quant, HDFC and SBI schemes also delivered stellar returns.
FIIs, MFs boost stakes in these 10 midcap stocks; shares soar up to 65%. Do you own any?
FIIs and mutual funds increased stakes in several Nifty Midcap 150 stocks over recent quarters, with many delivering strong returns. Radico Khaitan led the pack, gaining up to 65%.
San Francisco Fed President Mary Daly backed the Federal Reserve's decision to keep interest rates unchanged, saying policymakers need more evidence before deciding whether inflation warrants further action. She stressed that upcoming economic data will be key to the Fed's September policy decision.
Five small-cap mutual funds delivered annualised SIP returns of more than 20% over the past decade, highlighting the category's long-term wealth-creation potential. A comparison of three-, five- and 10-year returns also shows how leadership has evolved across different market cycles.
Mint Explainer | Why food labelling is under the FSSAI scanner
Rising consumer demand for healthier foods, stricter enforcement and misleading claims are forcing companies to rethink packaging as the FSSAI steps up scrutiny.
RBI policy-led India bond rally continues; Friday's debt sale in focus
Indian government bonds saw a slight increase early Thursday, continuing Wednesday's strong rally. The Reserve Bank of India's dovish stance and falling oil prices supported this upward movement. Investors remain cautious, however, as New Delhi prepares for a significant bond auction on Friday. This auction will test market demand and the sustainability of the recent bond price gains.
Mint Explainer | Why India wants vehicles to talk to each other
Vehicle-to-vehicle systems allow vehicles to exchange information on speed, position, direction and acceleration in real time, preventing collisions. What does the Centre's mandate on the system mean for the future of mobility in India?
Can Tata Sons stay unlisted? Here's what RBI Governor Sanjay Malhotra said
Tata Sons may face renewed pressure to list if the RBI classifies it as an upper-layer NBFC under revised principle-based norms. Governor Sanjay Malhotra said the new framework will simplify classification. With assets above the regulatory threshold, Tata Sons could be required to go public, reviving its long-running IPO debate.
AI boom reshapes emerging markets, but surging volatility tests investor nerves
Artificial intelligence has powered a strong rally in emerging-market technology stocks, led by semiconductor giants in South Korea and Taiwan. However, soaring valuations have triggered sharp volatility, foreign investor outflows and concentration risks. Despite recent corrections, investors remain optimistic about the long-term AI-driven growth story, according to Reuters.
EPFO claim delays flagged by officers' body: IT staff shortage, pending PF claims among key concerns
An EPFO officers' association has written to the Labour Minister highlighting delays in PF claim settlements, shortage of IT staff and manpower gaps. The body has also sought reforms in the pension system, CITES implementation and leadership structure within the retirement fund organisation.
Global Market: Japanese bond yields fall as lower oil prices ease inflation concerns
Japanese government bond yields fell as lower oil prices eased inflation concerns and improving Middle East peace prospects boosted demand for safe-haven assets. Gains were seen across maturities, with longer-dated bonds supported by a solid 30-year auction. Investors remain focused on energy prices, geopolitical developments and future monetary policy, according to Reuters.
Global Market: Asian multi-strategy hedge funds hit by AI stock rout in July
Major Asian multi-strategy hedge funds suffered sharp losses in July 2026 as an artificial intelligence and tech stock selloff erased early-year gains. Declines across Japan, South Korea, and China tech shares dragged platform funds lower, though diversification helped them outperform pure stock-picking peers during the market rout.
Trent Q1 Results: Profit rises 21% YoY to Rs 519 crore; revenue up 18%
Trent Q1 Results: Trent reported a 21% year-on-year rise in Q1 consolidated net profit to Rs 519 crore, while revenue grew 18% to Rs 5,755 crore. The retailer expanded its store network to over 1,300 outlets across 330 cities, opening 23 stores during the quarter. It expects the pace of new store additions to remain broadly consistent over the coming year.
Low insurance penetration, reforms to drive 'massive' growth in India's insurance sector: S&P
The report also warned that India's insurance industry could face headwinds from slowing economic growth triggered by energy-related stress, a below-normal monsoon, and global economic uncertainties
Manipal Health shares slide 6% on account of profit booking. What should investors do?
Manipal Health Enterprises shares fell sharply on Thursday day after their strong market debut, triggering profit booking. Analysts remain constructive on the company's long-term prospects but advise fresh investors to wait for better entry levels, citing premium valuations, while allotted investors can continue holding with a stop-loss at Rs 620.
DII holdings in Nifty-500 hit record 21%; FII ownership falls to all-time low of 17%: Motilal Oswal
DII ownership in Nifty-500 companies increased by 160 basis points year-on-year and 20 basis points sequentially, to touch a record 21% in June 2026, a report said
Automatic TDS refunds without mandatory ITR filing? Delhi HC seeks Centre's response on PIL
The Delhi High Court asked the Centre to respond to a PIL that is seeking automatic TDS refunds for individuals with no tax liabilities, challenging the requirement to file ITR for refunds. Full details of the demand here.
Centre reaffirms HRA policy: If one spouse gets government housing, other cannot claim allowance
The Centre has clarified that central government employees cannot claim HRA if one spouse is allotted government accommodation at the same station. It also confirmed there is no proposal to review the existing House Rent Allowance policy for dualemployee couples.
Swiggy shares jump nearly 3% as company targets Rs 10,000 crore adjusted EBITDA by FY31
Swiggy shares rose after the company unveiled an ambitious FY31 roadmap targeting Rs 10,000 crore in Adjusted EBITDA. It aims to more than triple consolidated GOV to Rs 2.5 lakh crore from Rs 67,734 crore in FY26, driven by food delivery, Instamart and Dineout.
How GenZs can build wealth starting from first paycheck Expert lists 5 steps on financial planning
Young people often struggle with how to allocate salary between SIPs and emergency funds. Expert advises prioritizing a strong financial foundation, making informed investment choices, and maintaining discipline for long-term wealth.
Explained: How AI-led Kospi, Nikkei selloff sparked record 15% drawdown in Asian funds in July
Asias major multi-strategy funds suffered sharp July losses as an AI-linked stock selloff across Japan, South Korea and China erased much of their 2026 gains. Concerns over AI spending and Middle East tensions hit semiconductor stocks, with some funds losing 3%-9%, while Goldman Sachs estimated a record 15.2% monthly decline for Asias primary stock-picking hedge funds.
GIC subsidiary and promoter Sunu Mathew lead LEAP Indias pre-IPO placement round
KKR-backed LEAP India raised Rs 371.3 crore through a pre-IPO placement, selling 2.34 crore shares at Rs 159 apiece. The round saw participation from GIC subsidiary Gamnat Pte Ltd, Dymon Asia and promoter-linked Matyas Possessiones. Gamnat received shares worth Rs 280 crore.
This one investment in your portfolio could be quietly hurting your wealth, here's how to find it
Many investors unknowingly hold investments that no longer create value or align with their financial goals. Experts explain how to identify these dead investments and decide whether they deserve a place in your portfolio.
Todays Gold Rate in India August 6: Gold prices up in Delhi, Mumbai, Kolkata, Bengaluru, Ahmedabad
22, 24 carat Gold prices up across Indian cities on August 6
Not a moon crash, but AI sends SpaceX shares spiralling 14% lower on Wall Street. What lies ahead?
SpaceX shares plunged 14% as investors raised concerns over the company
Can Tips Music's Rs 44 crore share buyback boost its share price? Here's what JM Financial says
Tips Music's Rs 44.5 crore open-market share buyback is expected to support its stock price, according to JM Financial, which reiterated its 'Buy' rating. The brokerage cited strong profitability, healthy revenue and profit growth guidance, shareholder-friendly capital allocation, and over 20% upside despite near-term pressure from higher content investments.
Why AMD's solid quarterly earnings failed to impress investors
AMD beat earnings estimates and issued strong guidance, but its shares fell as investors sought bigger AI gains, higher margins and stronger evidence it can challenge Nvidia's dominance in AI chips.
