Business
20507 articles
Sensex falls 183 points, Nifty closes below 24,250 as market erases all morning gains. What lies ahead?
The Indian stock markets experienced a shift, dropping from earlier gains with both Sensex and Nifty closing lower. Key decliners included Infosys, Bharti Airtel, and L&T. Meanwhile, Kotak Mahindra Bank's shares surged over three percent, contrasting with the mixed performance of broader markets, where small caps thrived while mid caps faced challenges. Interestingly, despite the main indices' downturn, the market breadth showed a favor for advancing stocks.
Bitcoin consolidates near $79K ahead of US PCE, GDP Data; whales book record $1.2 billion profit in 3 days
Bitcoin traded near $79,000 on Wednesday as traders await key US PCE inflation and GDP data. While the broader trend remains bullish, rising profit-taking and resistance around $82,800–$83,000 could limit near-term gains. Short-term holder whales have booked a record $1.2 billion in profits over three days, adding to market caution.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000 crore. The company has appointed ICICI Securities and SBI Capital Markets as advisers and has been meeting institutional investors ahead of the potential share sale.
Global Market: Mexico’s ‘Super Peso’ rally puts exporters under pressure
Mexico’s peso has emerged as one of the strongest-performing emerging-market currencies in 2026, strengthening past 17 per dollar despite weak growth and US trade tensions. The “super peso” is helping curb import costs and inflation but is hurting exporters, especially firms reliant on US revenues.
Global Market: ECB may raise rates in September as Iran war fuels inflation concerns: Reports
European Central Bank policymakers are increasingly leaning towards a September rate hike as the Iran conflict drives up energy prices and inflation. While inflation is nearing 3% and economic activity remains resilient, officials appear reluctant to signal further tightening beyond September, keeping future decisions dependent on incoming data.
Mold-Tek Packaging board approves 1:1 bonus issue, Rs 3 final dividend
Mold-Tek Packaging’s board has approved a 1:1 bonus issue and recommended a final dividend of Rs 3 per share for FY26. Under the proposal, shareholders will receive one bonus share of Rs 5 face value for every share held. The company will announce the record date later, while the dividend will be declared at its annual general meeting.
Global Market: European shares edge higher as oil prices fall, Nvidia earnings in focus
European shares edged higher as falling oil prices eased bond yields and supported equities, while investors awaited Nvidia’s quarterly results and fresh US inflation data. The STOXX 600 gained 0.1%, with basic resources leading gains, even as energy stocks lagged amid hopes of a reopening of the Strait of Hormuz.
‘Like a volcano erupting’: Massive flash flood in Nepal kills 8; witness describes what happened
A massive flash flood in Nepal killed eight and caused significant damage to infrastructure. Helicopters are grounded due to rising waters, and residents near the Bhote Koshi river have been urged to seek higher ground.
US-Iran war impact: Dubai Airport sees 31.3% decline in passenger traffic in H1, expects strong recovery in H2
Dubai International Airport's passenger traffic fell 31.3% in the first half of the year amid disruptions from the US-Iran war. However, guest volumes rose steadily in Q2, with DXB expecting stronger traffic in the second half as airline capacity and connectivity recover.
PM Modi flags ‘unacceptable’ quality issues in infra projects, questions need for ‘fourth-party audit’: Report
PM Modi chaired the 53rd meeting of PRAGATI, the ICT-enabled, multi-modal platform for Pro-Active Governance and Timely Implementation, at Seva Teerth on Tuesday, 25 August.
Four regional Fed banks backed rate hike ahead of July decision, minutes show
Four regional Federal Reserve banks backed a 25-basis-point increase in the discount rate ahead of the July policy meeting, minutes showed. The recommendations highlight divisions within the Fed system as policymakers weigh persistent inflation against signs of economic weakness, with markets closely watching for clues on future interest-rate moves.
14 midcap stocks crash up to 55% from their peaks. Are you holding any?
While the Nifty Midcap 150 continues to trade near record levels, several individual midcap stocks have seen sharp declines from their 52-week highs. An analysis of ACE Equity data highlights 14 midcap stocks that have fallen between 30% and 55%, revealing the weakness beneath the index-level resilience.
Private credit play: Modulus Alternatives’ third fund crosses Rs 300 crore in first close
Modulus Alternatives has secured over Rs 300 crore in the first close of its third private credit fund, India Credit Opportunities Fund III. The SEBI-registered Category II AIF has a target corpus of Rs 2,000 crore, including a greenshoe option, and will focus on performing credit opportunities across high-growth sectors.
Dmart owner eyes debt market comeback after 7-year hiatus, bankers say
Avenue Supermarts is preparing to venture into the corporate debt market shortly. The retailer intends to secure around ten billion rupees via bonds with a maximum maturity of three years. Notably, the company last issued bonds back in October 2019. There is significant interest from mutual funds in these investment opportunities.
Global Market: Fiscal dominance debate takes centre stage as government debt mounts
Rising government debt and borrowing costs are bringing the issue of fiscal dominance back into focus, with concerns that central banks could eventually face pressure to support government financing. The debate could have implications for monetary policy, inflation, currencies and sovereign bond markets.
Hindustan Zinc vs Hindalco: Why Jefferies raised target prices for both, but prefers one over the other
Jefferies has raised its target prices for Hindustan Zinc and Hindalco Industries, but prefers the former, retaining a Buy rating versus Hold on Hindalco. The brokerage expects stronger zinc and silver prices to boost Hindustan Zinc’s earnings, while softer aluminium prices and higher debt could weigh on Hindalco’s performance.
US debt burden raises longer-term risks as borrowing costs rise
US government debt remains a cornerstone of global financial markets, but rising borrowing costs, persistent fiscal deficits and stronger competition for global capital are raising concerns over its long-term sustainability.
