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Sugar spike puts FMCG margins under fresh pressure
Wholesale sugar prices have surged 40% in two months, threatening to exacerbate the margin squeeze for packaged food companies already reeling from higher input costs. The bigger question is whether rising food inflation could now threaten the durability of India’s consumption recovery.
Stocks in news: Wipro, Lenskart, Tata Motors PV, Ather Energy and Kotak Bank
On Thursday, Indian markets faced downward pressure as they wrapped up trading lower amid mixed signals from global economies. Notably, Wipro's stock saw gains following its expanded partnership with Google Cloud aimed at enhancing AI implementation. Meanwhile, Lenskart's current investor is set to sell shares worth up to Rs 1,313 crore.
Irdai opens NDB's Maharajah INR bonds to insurers
In a circular dated August 27, the regulator said that it had received representation from New Development Bank to permit Insurers to invest in Maharajah INR Bonds. NDB plans to use the proceeds for general corporate purposes, including financing or onward lending to sustainable development, sustainable infrastructure, green and social projects in India.
World News Today Live Updates on August 28, 2026 : UK airports cyber attack: Manchester, Stansted and East Midlands customers’ data accessed; passenger safety unaffected
World News Today Live Updates on August 28, 2026: Stay informed on global events with our in-depth world news coverage, bringing you the latest developments across politics, economy, and culture. Discover insights into international affairs, breaking news, and the trends shaping our interconnected world, all in one place.
UK airports cyber attack: Manchester, Stansted and East Midlands customers’ data accessed; passenger safety unaffected
The breach affected information connected to car park, lounge and Fast Track bookings, as well as in-airport Wi-Fi registrations at Manchester Airport, London Stansted Airport and East Midlands Airport.
US stocks today: Nasdaq, S&P 500 rise as Nvidia revives AI rally; Fed outlook in focus
Nvidia's strong revenue forecast revived the AI trade and lifted the Nasdaq and S&P 500, but Wall Street's focus is quickly shifting to Fed Chair Kevin Warsh's Jackson Hole speech. Fresh inflation data and a resilient labour market have complicated the interest rate outlook, leaving investors weighing AI optimism against monetary policy risks.
Banks, companies better positioned to weather next downturn: CS Setty, SBI, Chairman
The chairman of the State Bank of India underscores the nation's economic resilience, emphasizing the bank's robust standing in the financial sector. With a growth forecast of 7.5% and inflation consistent with RBI predictions, SBI is gearing up for a remarkable 14-15% rise in credit, driven by retail and SME sectors. The bank is also focusing on enhancing its fee income while aiming for a 1% return on assets.
HDFC Bank's CEO call gains urgency as Sashidhar Jagdishan's term nears end
The timeline stands in contrast to Jagdishan's previous reappointment. HDFC Bank's board had recommended a fresh three-year term for him on March 4, 2023, nearly eight months before his first tenure was due to expire. The Reserve Bank of India approved the appointment in September that year.
Fed's Collins says latest US inflation readings are 'mixed'
US Federal Reserve officials offered differing views on the inflation outlook, with Boston Fed President Susan Collins calling July’s data mixed and maintaining her expectation of gradual disinflation. Cleveland Fed President Beth Hammack remained more hawkish, saying inflation could stay above target through next year and reiterating that a rate hike is needed.
US Fed officials keep rate hike in play as inflation clouds Kevin Warsh's first Jackson Hole address
Federal Reserve officials expressed concerns about stubbornly high inflation at Jackson Hole. Some policymakers believe further interest rate increases may be necessary soon. Persistent price pressures could threaten the central bank's credibility and credibility. Inflationary mindsets might embed themselves within the economy over time. Investors await further data and signals on the monetary policy outlook.
Trump signs order to rename Lake Ontario ‘Lake America’ with immediate effect as Canada trade war intensifies
US President Donald Trump has escalated his increasingly bitter trade dispute with Canada by proposing that Lake Ontario be renamed “Lake America”, a move that echoes his earlier push to rename the Gulf of Mexico as the Gulf of America.
Priority Jewels IPO: Co raises Rs 27 crore from Whiteoak Capital and others in anchor round
Priority Jewels secured Rs 27.45 crore from anchor investors before its upcoming public offering. The company's initial public offering will open for subscription on August 28, 2026. This maiden public offer aims to raise funds for working capital and general corporate needs.
Nvidia shares extend gains, jump 7% as blockbuster earnings revive AI trade ,
Nvidia shares jumped about 7% after strong quarterly results and a bullish revenue forecast eased concerns over slowing AI spending. The chipmaker reported $96.2 billion in second-quarter revenue and expects about $108 billion in the current quarter. Its 70% fiscal 2028 growth outlook further strengthened investor confidence in the AI trade.
ESDS Software raises Rs 216 crore from anchor investors ahead of IPO; Quant MF among top buyers
ESDS Software Solution raised Rs 216 crore from anchor investors ahead of its Rs 720 crore IPO, opening August 28. Priced at Rs 408-429, the fresh issue will fund cloud computing equipment, data centre infrastructure and corporate needs.
Sebi proposes merchant banker exemption for small-value private debt issues
Sebi has proposed waiving mandatory merchant banker appointments for eligible listed issuers raising small-value debt privately. The move aims to cut costs and delays, while safeguards would restrict exemptions to regulated companies issuing senior secured debt rated AA- or higher.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities ended sharply lower on Thursday as expiry-day volatility intensified after the first monthly expiry under the Closing Auction Session. Sensex fell 539 points and Nifty 117 points, while technical indicators signalled weakening momentum amid global and geopolitical uncertainty.
Who is Karan Gupta? Indian-origin former Optum director sentenced to 3 years for $950,000 fraud
Indian-origin former Optum senior director Karan Gupta, 48, has been sentenced to 36 months in prison for defrauding the healthcare firm of more than $950,000 through a no-show job and kickback scheme involving his longtime friend.
