Auto Added by WPeMatico
Mumbai: Shares of Muthoot Finance have fallen by nearly 8% in two trading sessions since August 1 after the country’s largest gold loan company reported a decline in net interest margin and loan yields for the June quarter. Yields are likely to remain under pressure this year due to elevated borrowing costs and increasing competition…
Mumbai: The divergence between Sensex and Nifty levels persisted for the second day on Tuesday as market participants continued to grapple with confusion around the rollout of the closing auction system launched the previous day. The expiry of Nifty weekly futures and options contracts on Tuesday added to the complexity, with several traders taking to…
Mumbai: Analysts are divided on retail participation in the ₹30,000 crore offer for sale (OFS) from Life Insurance Corp of India (LIC), with opinions split between attractive valuations and absence of near-term triggers at the insurance behemoth. While some see merit in the insurer’s discounted pricing and low price-to-embedded value compared with private peers, others…
Mumbai: State-owned Nabard rejected offers received for its ₹8,000-crore bond issue Tuesday after investors demanded yields in excess of 7.60% for a tenure of five years. Nabard’s bond was one of the largest proposed issuances in more than a month. The lender planned to borrow around 7.40% – 7.45%, market participants said. The withdrawal highlights…
The S&P 500 and Dow Jones Industrial Average hit record closing highs on Tuesday as strong results from AI-linked companies, including Palantir, and Caterpillar eased concerns about demand. Oil prices and Treasury yields also fell amid growing hopes for a deal to end the Iran war, Reuters reported. Palantir Technologies surged nearly 30%, its biggest…
SpaceX reported on Tuesday a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses. It reported revenue of $7.8 billion, compared with $4.1 billion a year earlier. Second-quarter revenue beat expectations of $6.93 billion, according to LSEG data….
If you invest in index funds, exchange-traded funds (ETFs) or arbitrage funds, you need to understand a key change in stock market closing rules that came into effect from 3 August 2026. While the market opening time remains unchanged at 9:15 AM, the closing process is no longer the same for all stocks and contracts….
Franklin Templeton has announced its new open-ended short term debt scheme — the Franklin India Short Term Fund (FISTF) on 3 August. It will invest across corporate debt securities including State Development Loans (SDLs), government securities, and money market instruments, the fund house said a release. The new fund offer (NFO) will be open for…
In a written reply in the Lok Sabha on Monday, Finance Minister Nirmala Sitharaman said the Unified Pension Scheme (UPS), which became operational on 1 April 2025, was introduced to provide an assured post-retirement income to eligible central government employees covered under the National Pension System (NPS). As of 19 July 2026, 1,18,195 eligible beneficiaries…
Like Arjun Saluja (Hrithik Roshan’s character) in Zindagi Na Milegi Dobara, Deepak had a number in mind. Not for a business deal, but for his financial freedom. An investment banker by profession, he spent years meticulously tracking every expense, increasing his investments with each salary hike, and building a portfolio he believed would allow him…