Business

‘Earthquake-like manner’: How Iran vows to counter US economic warfare? Plan may include nuclear weapon, oil crackdown

US Treasury Secretary Scott Bessent announced 'Economic D-Day' sanctions aimed at crippling Iran's economy amid war with the US. Iranian officials have condemned the move and hinted at possible actions they may take to target the US economy in retaliation.

Oil on track for weekly loss even as Iran tensions simmer

Oil prices have dipped, bringing an end to a two-week rally in crude futures. The United States has announced that there are no current negotiations happening with Iran. Geopolitical tensions have ramped up following a warning issued by Russia to Britain, and Donald Trump has speculated that Russia will refrain from attacking NATO nations. These dynamics are complicating diplomatic efforts and creating ripples across worldwide energy markets.

KRBL setup strengthens as earnings inflection looms; Motilal Oswal’s Shivangi Sarda says buy

Persistent Systems’ strong deal wins boost outlook, acquisition costs pose risk

Following a major acquisition announcement, Persistent Systems stock has seen a remarkable rebound. In its latest June quarter results, the company reported robust revenue growth, boosting its future earnings outlook. However, upcoming costs linked to interest and wage hikes could pressure profit margins. As a result, investors can expect the stock to trade within a range influenced by the acquisition's financial effects.

Can ESDS Software Solutions IPO deliver long-term growth for high-risk investors?

In a bold move, ESDS Software Solutions is set to launch a ₹720 crore IPO to fuel its growth initiatives. The company excels in providing infrastructure, managed, and software services to a variety of sectors, boasting significant revenue and profit increases over the past three years. Yet, it faces risks such as revenue reliance on key clients and inflation of input costs.

Gold treads water ahead of Fed Warsh's Jackson Hole speech

In early Asian trading on Friday, gold prices slipped slightly as markets geared up for an anticipated address by Federal Reserve Chair Kevin Warsh at Jackson Hole. With Fed officials expressing concerns about ongoing inflation in the United States, and labor market data indicating stability, traders are eager to see how this may influence a prospective US rate increase set for December.

Happy Raksha Bandhan 2026: 50+ wishes, messages, greetings, captions, images for WhatsApp, Instagram, Facebook status

Raksha Bandhan festival honours the brother-sister bond. Sisters tie rakhis on brothers' wrists, symbolizing protection and love. Let's have a look at specially curated wishes, messages, greetings, captions and images for WhatsApp, Instagram and Facebook status.

Bankex put sees a dramatic surge of 14,700% on expiry day

Bankex options saw a significant surge during Thursday's expiry session. This unusual spike occurred within minutes, causing considerable trader reaction. Indicative closing levels briefly showed a steeper Sensex decline than expected. Several Bankex put options experienced sharp premium jumps, impacting sellers. The Sensex and Bankex closed lower, while Nifty and Bank Nifty saw smaller declines.

Foreign portfolio investors continue buying, selectively adding to their July bets in August

After a robust July, foreign portfolio investors increased their equity acquisitions in August, marking a moderate uptick. Domestic institutional investors also continued their purchasing activities, though at a more measured pace. This buying spree aligned with a surge in IPO and OFS issuances within Indian markets. Interestingly, foreign investment trends shifted away from South Korea while Taiwan benefited from inflows.

Global Market Today: Asian shares slip as US stock futures dip ahead of Warsh’s Jackson Hole speech

Futures for the Nasdaq 100 Index fell 0.3% and those for the S&P 500 Index retreated 0.2% as initial enthusiasm about the artificial intelligence trade following Nvidia Corp.’s bullish outlook waned. Sentiment was weighed down by Marvell Technology Inc., which fell more than 7% in extended trading following its earnings report.

Why glacier collapse that caused flash flood in Nepal is a warning sign for Himalayas? Is it a first of many?

In the aftermath of devastating flash floods that killed more than 350 in Nepal, scientists attribute the disaster to a glacier collapse in Tibet. Increased natural disasters in the region signal grave concerns about global warming’s effects on the Himalayas' glaciers and ecosystems.

GST Council may cut 18% tax on mobile phones as handset demand slows

The Council is also likely to examine whether the benefits of last year’s GST rate rationalization have been passed on to consumers, following complaints of companies restoring prices to pre-reform levels.

BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside

BofA expects India's wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable energy and power grids, as well as exports.

Pre-market action: Here's the trade setup for today's session

Indian equity markets experienced a decline on Thursday, influenced more by domestic challenges than global trends. The Nifty index faced notable resistance in the 24,300 to 24,400 range, suggesting possible weakness that may push it down towards 23,900. Foreign portfolio investors sold off shares, whereas domestic entities made strategic purchases. Furthermore, the Indian Rupee closed marginally lower compared to the US dollar.

Stock market holiday: Are NSE, BSE closed today for Raksha Bandhan? Find out here

The Indian stock market will remain open on August 28 for trading. Both NSE and BSE will operate normally on this date. Commodity markets will also function as usual on August 28. The market will next close on September 14 for Ganesh Chaturthi. Upcoming holidays include October 2 and November 10.

US-Iran war news LIVE Updates: Qatar PM meets Iranian officials; Tehran prepares conditions to open Strait of Hormuz

US-Iran war news LIVE Updates: Iran’s security chief Mohsen Rezaei reportedly said Tehran is preparing a list of conditions to open the Strait of Hormuz in response to a request by mediators.

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.

Close to clearing NSE IPO: Sebi Chief Tuhin Kanta Pandey

NSE's valuation in the unlisted market is around ₹5 lakh crore, potentially catapulting it to India's top-ten market capitalization leader-board on listing, based on current prices.

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.