Business
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Aragen Life Sciences files draft papers with Sebi to raise funds through IPO
Aragen Life Sciences has filed its DRHP with Sebi for an IPO comprising a Rs 800 crore fresh issue and an OFS. Proceeds will fund debt repayment, capacity expansion and equipment purchases. The CRDMO reported strong FY24–FY26 growth, with revenue reaching Rs 2,178 crore and profit Rs 258 crore in FY26.
Global Market: European shares steady as Nvidia boost offsets consumer, auto weakness
European shares were largely flat as gains in technology stocks, fuelled by Nvidia’s upbeat revenue outlook, offset declines in consumer goods, chemicals and automobile stocks. Investors also tracked Middle East developments and falling oil prices, with hopes of progress in talks involving Iran and Qatar potentially easing concerns over energy supply disruptions.
HDFC Bank shares fall 2% to fresh 52-week low, tumble 30% in 10 months. What lies ahead?
HDFC Bank shares fell to a fresh 52-week low after a US investor filed a securities fraud class-action lawsuit against the bank and two senior executives. HDFC Bank called the allegations meritless and said it would defend the case vigorously, adding to recent concerns weighing on the stock.
Raksha Bandhan 2026: When is Shubh muhurat to tie Rakhi? Check timings for Delhi, Gurugram, Noida and other cities
Raksha Bandhan, celebrated on the full moon of Shravana, symbolizes sibling love and protection. Sisters tie rakhis on brothers' wrists, who promise to support them. This year's festival is on August 28, highlighting harmony among relatives and friends. Check Rakhi timings below.
PM Jan Dhan Yojana marks 12 years: 59 crore bank accounts with ₹3.17 lakh cr deposits – Check full details
The average deposit per account is ₹5,356 as on August 19, 2026, and the average deposit per account has increased 3.4 times in the last 12 years, the finance ministry said in a statement.
Quote of the day by Steve Maraboli on resilience: 'Life doesn’t get easier or more forgiving, we get…'
Steve Maraboli emphasizes that life doesn’t inherently get easier; instead, we grow stronger through challenges. His insights suggest that resilience stems from experience, teaching us to recover and adapt despite difficulties.
Global Market: Japanese bond yields retreat after BOJ deputy governor signals no clear rate-hike timing
Japanese government bond yields retreated from session highs after BOJ Deputy Governor Ryozo Himino offered no clear signal on the timing of the next rate hike. The two-year JGB yield briefly hit 1.70%, its highest since 1995, before easing. Investors now await Governor Kazuo Ueda’s comments for clues on the central bank’s rate-hike path and monetary policy outlook.
Bitcoin consolidates at $79,000 as profit-taking and consolidation keep market cautious. Here's what experts say
Bitcoin held near $79,000 on Thursday as profit-taking and consolidation kept traders cautious following its recent recovery. Analysts said the cryptocurrency remains in a constructive setup, with $77,500-$78,000 acting as key support and $80,000-$82,850 as resistance. Traders are also watching Jackson Hole commentary and upcoming US inflation data.
Six Months of Conflict: How the Iran war has reshaped global markets
As global financial markets navigate the aftermath of recent conflicts, the mixed responses are evident. Energy prices have surged sharply, reflecting immediate fallout, while artificial intelligence investments have buoyed global equities amid geopolitical turbulence. However, the traditional appeal of safe-haven assets like Treasuries and gold appears diminished, as Gulf economies and agricultural supply chains grapple with significant disruptions and possible inflationary pressures.
Nepal floods: How many people are missing from India, US, UK and 30 other countries? Full list here
As many as 644 Nepalis and foreigners from 33 countries went missing in Nepal following deadly flash floods. Here's how many people are missing from across 33 countries and Indian states of Bengaluru, Andhra Pradesh and Kerala.
Goldman Sachs says Britannia could see biggest cost impact as surge prices continue to soar
Rising sugar prices are raising concerns over higher input costs for consumer companies, with Goldman Sachs identifying Britannia Industries as the most exposed among companies it covers. Nestle India and Varun Beverages could also face pressure. Tight global supplies, festive demand and adverse weather conditions are driving the commodity’s sharp rally.
Quote of the day by Helen Keller: ‘Although the world is full of suffering, it is also full of…’
Amid the devastating Nepal floods, LiveMint's quote of the day by American author Helen Keller serves as a reminder that while the floods dictate the initial suffering, the human response dictates the survival and the future.
A91 Partners and Sixth Sense-backed Pushp Brand gets SEBI nod for IPO, to offer 74.45 lakh shares via OFS
Pushp Brand, backed by A91 Partners and Sixth Sense, has received SEBI approval for its IPO, comprising an OFS of up to 74.45 lakh shares. The Indore-based packaged spices company has expanded across 24 states and union territories, while posting strong revenue, EBITDA and profit growth alongside improving margins.
Systematix initiates coverage on Timex Group India with Buy rating. Check target price
Systematix has initiated coverage on Timex Group India with a Buy rating and a target price of Rs 820, implying around 30% upside. The brokerage expects strong growth through FY29, with revenue, EBITDA and adjusted PAT projected to grow at CAGRs of 29.1%, 37.3% and 40.5%, respectively, supported by premiumisation, margin expansion and strong cash generation.
US Stock Market: Bessent-Warsh divide deepens over US interest rates and Treasury market strategy
Treasury Secretary Scott Bessent and Fed Chair Kevin Warsh are taking different approaches to US interest rates and the Treasury market. While Bessent is pushing greater use of debt-management tools to support longer-term bonds, Warsh favours conventional rate policy and less intervention, as fiscal deficits continue to pressure Treasury yields.
US Stock Market: Jackson Hole Symposium in focus as investors seek clarity on Fed policy
Investors are turning to Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech for clues on the U.S. central bank’s rate path, as elevated inflation and rising Treasury yields complicate the policy outlook. Markets are seeking greater clarity on the Fed’s inflation target and the role of bond yields in tightening financial conditions.
FM Sitharaman pitches India to Canadian investors, seeks deeper investment flows
Finance minister Nirmala Sitharaman met leaders of CPPIB, Ontario Teachers’ and Canaccord Genuity in Toronto, seeking deeper Canadian investment in Indian infrastructure, technology, critical minerals and other growth sectors.
German auto parts maker Mahle said to revisit IPO for India unit
German auto parts maker Mahle GmbH is revisiting plans to list its Indian business in Mumbai, according to people familiar with the matter. The potential IPO could raise around $300 million to $400 million, with the company expected to appoint advisers and begin preparations soon. Mahle had previously considered an India listing in 2024 but did not proceed.
Global Market | Shein set to raise $1.7 billion in Hong Kong IPO at $26.5 billion valuation: Reports
Shein is expected to price its Hong Kong IPO near HK$48.56 per share, raising about $1.7 billion at a $26.5 billion valuation. The listing marks a major milestone after years of regulatory challenges. Despite strong investor demand, Shein faces slower growth, shrinking margins, higher trade costs and increasing competition globally.
Bill Gates lists 3 big risks to AI shift. Is the world heading towards turbulent times?
Microsoft co-founder Bill Gates has warned that the AI transition could become one of the most turbulent periods in history, with the technology potentially widening inequality. He called for greater preparation for its social, political and economic impact and said he would support credible efforts to slow AI development globally.
Euro zone bond yields tick up after oil rises on Hormuz doubts
On Thursday, bond yields in the euro zone experienced a modest uptick. Meanwhile, oil prices rebounded slightly from their recent declines, impacting overall market sentiment. Diplomatic negotiations surrounding the Strait of Hormuz are ongoing, despite mixed signals from involved parties. Traders appear to anticipate minimal additional monetary tightening from the European Central Bank. Concerns over inflation and spending have pushed bond yields to levels not seen in several years.
Pushp Brand gets Sebi nod for IPO; A91 Partners, Sixth Sense to partially divest stake
Pushp Brand has officially secured approval from Sebi for its initial public offering, with existing shareholders set to sell up to 74.45 lakh equity shares. Promoters and other investors are engaged in the Offer for Sale. Founded in 1974, the company operates under the renowned Pushp and Munimji brands and is gearing up to introduce Pushp Kadak Chai in the second quarter of FY27.
