Business
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US Stock Market: Warsh Jackson Hole speech puts Fed policy communication under scrutiny
Federal Reserve Chair Kevin Warsh’s Jackson Hole speech is in focus as investors seek clues on U.S. interest rates, inflation and bond-market risks. With inflation above target and policymakers divided, markets await guidance on future policy. Warsh’s cautious approach to forward guidance will be tested amid economic and fiscal uncertainties.
Global Market: Japanese bond yields rise as weak auction, inflation concerns weigh
Japanese government bond yields climbed, with the five-year yield hitting a record high after weak demand at a two-year auction added to selling pressure. Persistent inflation and rising energy prices also strengthened expectations of further Bank of Japan rate hikes, while investors awaited the Federal Reserve’s policy signals.
Jefferies initiates SBI Funds Management coverage with Buy; sees 26% upside
Jefferies initiated coverage on SBI Funds Management with a Buy rating and a Rs 710 price target, implying 26% upside. The brokerage expects operating profit to grow at a 15% CAGR through FY29, supported by rising mutual fund assets, SBI’s distribution network and operating leverage. Strong B30 presence and lower operating costs further support the asset manager’s growth
Who is Sukumara Kurup? Here is why Keralam’s most infamous fugitive is back in the news after four decades
Keralam Home Minister Ramesh Chennithala has directed the Crime Branch to verify reports about fugitive Sukumara Kurup being alive. There are rumors he lives under a false identity in a foreign country, but Chennithala emphasized the need for factual investigation over speculation.
Tempsens Instruments doubles IPO investors’ money as stock lists at 111% premium. Should you buy, sell or hold?
Tempsens Instruments made a blockbuster debut, listing at Rs 634 on the NSE, an 111% premium over its Rs 300 IPO price. The stock briefly gained further before falling over 8% from its debut level, though it remained 94% above the issue price. Analysts advised investors who missed the rally to consider buying on dips.
Salesforce shares jump on strong earnings, raised FY27 outlook
Salesforce shares surged 23% after strong Q2 results, higher guidance and accelerating AI adoption. Agentforce ARR jumped 240%, while its expanded Anthropic partnership strengthened the company’s AI growth outlook and eased concerns about AI disruption to traditional enterprise software.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20 to Rs 55.70/kg on August 20, with current prices around Rs 70/kg. Balrampur Chini Mills, Dhampur Sugar, Uttam Sugar, Triveni Engineering and EID Parry were among the key gainers.
Global Market: China stocks steady as property shares offset Biotech, chip losses
Chinese stocks were largely steady on Friday as gains in property shares offset losses in biotechnology and semiconductor stocks. The Shanghai Composite edged up 0.1%, while the CSI300 slipped 0.1%. Hong Kong equities advanced, supported by Wall Street gains and Nvidia’s upbeat outlook, which boosted global AI sentiment.
India 10-year yield at more than two-month peak on supply, Warsh speech
Indian government bonds extended losses, pushing the ten-year yield higher. Global markets await Federal Reserve Chair Kevin Warsh's speech for policy outlook signals. Hawkish minutes from India's central bank revived domestic rate hike expectations. New Delhi plans a significant sale of benchmark notes today. Easing crude oil futures offered some relief to markets.
Nepal floods top updates: At least 469 dead, over 1,000 missing as China halts rescue ops amid risk of renewed flooding
Catastrophic floods in Nepal have killed at least 469 people, with more than 1,000 missing. Rescue efforts remain challenging amid fears of further flooding, a swelling lake near the Nepal-China border and heavy rainfall forecasts, while authorities continue evacuations and search operations.
HCLTech, TCS, Infosys, other IT stocks rally up to 5%. What lies ahead?
Indian IT stocks surged sharply, led by gains in largecap names, after Nvidia’s strong results and upbeat revenue outlook revived optimism around the global AI spending cycle. The rally came despite lingering concerns over AI disruption and mixed brokerage views on the sector.
Tejas Networks shares zoom 13% after TCS’s Rs 1,537-crore LOI for BSNL 4G rollout
Tejas Networks shares rose sharply on Friday after the company received a Rs 1,537-crore Letter of Intent from TCS to supply RAN equipment for BSNL’s indigenous 4G rollout. The proposed project covers 18,685 sites, adding to Tejas Networks’ role in the telecom operator’s nationwide 4G network deployment.
Noel Tata, Shapoorji discuss share swap for Tata Sons stake sale
The Tata Group is exploring options with the Shapoorji Pallonji Group to unlock liquidity from its 18.4% stake in privately held Tata Sons, according to people familiar with the matter. Proposals include a potential swap of shares in listed Tata companies such as Tata Power, a Tata Sons buyout financed by overseas banks, or a sale to a global external investor.
Global Market: Japan’s Nikkei rises as tech stocks gain, Fed signals cap rally
Japan’s Nikkei rose 0.8% and Topix gained 0.9%, led by technology and chip stocks. Gains were supported by Wall Street’s semiconductor rally, while inflation concerns, higher oil prices and rising bond yields limited broader advances. Investors also awaited Fed Chair Kevin Warsh’s Jackson Hole speech for clues on US interest rates.
4,000% options surge in 15 minutes highlights wild India auction
India’s new closing-auction system is triggering extreme volatility in the options market, with prices swinging sharply within minutes. During the first monthly expiry under the new system at BSE, a Bankex put option surged nearly 4,000% from Rs 1.70 to Rs 68.55 before crashing to zero, all within 15 minutes, highlighting the risks of compressed end-of-day trading.
Global Market: Tokyo core inflation accelerates, strengthening case for September BOJ rate hike
Tokyo’s core inflation accelerated for a third straight month in August, strengthening expectations that the Bank of Japan could raise interest rates in September. Core CPI rose 1.8% year-on-year, slightly above forecasts, while a measure excluding fresh food and fuel climbed to 2%, adding to rate-hike pressure.
Yatharth Hospital shares jump 5% as Aster, Advent likely eye controlling stake
Yatharth Hospital shares jumped over 5% after reports that Aster DM Quality Care, backed by Advent International and Blackstone, is negotiating to acquire a controlling stake in the hospital chain. Yatharth denied being in any sale discussions, while the stock hit a fresh 52-week high and has gained around 50% in 2026.
India’s flex workspace market records strongest H1 as seat leasing jumps 68%: Cushman & Wakefield
India’s flexible workspace sector posted its strongest-ever first half in 2026, with operators leasing 191,306 seats across the country’s top eight cities, up 68.4% year-on-year. Flex operators also recorded 8.4 million sq ft of leasing, accounting for nearly 20% of total office leasing activity.
IREN stock slumps after Q4 miss as AI cloud revenue surges
IREN shares fell over 8% after a weaker-than-expected Q4, with revenue and adjusted earnings missing estimates. However, AI Cloud revenue surged, while contracted ARR targets signal strong growth. The company’s transition from Bitcoin mining to AI infrastructure brings significant expansion potential, but heavy capital spending remains a key investor concern.
IPO investors waited 609 days for a stock to double on debut. Tempsens Instruments ends the drought
Tempsens Instruments ended a 609-day drought in India’s mainboard IPO market, delivering a 111.3% listing gain on debut. The Rs 650 crore issue listed at Rs 634 against an issue price of Rs 300. While listing gains have improved in 2026, retail investors have become increasingly selective.
