Business
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Lenskart Rs 1,857-crore block deal: Goldman Sachs, Morgan Stanley, ICICI Prudential, SBI MF among buyers as Alpha Wave exits
Lenskart Solutions experienced institutional transactions totaling Rs 1,857 crore on August 28. Numerous domestic and global investors purchased shares at Rs 630 apiece from sellers. The company's shares closed at Rs 636.15 on the NSE, down slightly from the previous day. Lenskart's stock has gained 45.06% year-to-date in 2026. The eyewear company debuted on the stock market in November 2025.
US Treasury yields rise after comments from Fed's Kevin Warsh at Jackson Hole
U.S. Treasury yields saw an increase during trading sessions. Federal Reserve Chairman Kevin Warsh indicated further action may be necessary. Policymakers need confidence that inflation is returning to the target.
US Fed chairman Kevin Warsh says inflation is elevated and 'concerning' at Jackson Hole
US Federal Reserve Chairman Kevin Warsh said on Friday that high inflation in the world's largest economy was "concerning," as he opened a key central bankers' meeting in Jackson Hole, Wyoming. Warsh, who has been reticent to share his views on the economy since he took office, said that the central bank's "predominant focus right now should be on prices."
Reliance Jio IPO approved: Is it too late to buy RIL shares to be eligible for shareholder quota?
Jio Platforms has received SEBI approval for its upcoming initial public offering. Reliance Industries shareholders may still qualify for a reserved portion of the offering. The final details regarding share reservation and the record date are pending. This IPO marks a major value creation milestone for Reliance shareholders.
Iran urges nations not to yield to US threats as it keeps door open to diplomacy
Iran urged other countries not to give in to US threats as Washington intensified economic pressure on Tehran. The Iranian foreign minister also said resuming diplomacy remained possible if the US abandoned its reliance on coercion.
US stocks today: US stocks open subdued ahead of Warsh's speech
Wall Street opened mostly flat on Friday as the AI-driven rally lost momentum ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. The Dow and S&P 500 edged higher, while the Nasdaq slipped. Investors are watching Warsh’s comments for clues on US interest rates and the Fed’s policy outlook.
Quote of the day by Arnold Van Den Berg: "Regardless of yield, when investments are absent of value, cash is always a better option than permanently losing money"
Arnold Van Den Berg’s investing wisdom stresses that yield alone does not make an investment attractive. When value is absent and permanent capital loss risk is high, holding cash may be wiser, allowing investors to protect capital and wait for better opportunities.
Was Sensex’s 2,000-point expiry crash a one-off? Here's what Friday's close hints about CAS
Sensex stayed relatively calm during Friday’s closing auction, a day after a 2,000-point plunge during the monthly expiry raised fresh concerns over CAS. The subdued move suggests Thursday’s sharp swings may have been an expiry-driven anomaly rather than a persistent issue with the new closing-price mechanism, experts said.
Sebi approves 7 IPOs including Jio Platforms, Paras Healthcare and Bharat PET
Sebi has approved seven IPOs, led by Reliance-backed Jio Platforms’ proposed Rs 37,700 crore offering. Paras Healthcare, Bharat PET, Paramotor Digital Technology, Pushp Brand, MK Sons Fine Jewels and Sadbhav Futuretech also received approvals, expanding India’s primary-market pipeline.
India's 10-year bond yield scales over 2-month peak ahead of Warsh speech
The Indian bond market experienced notable losses on Friday, with government bond yields climbing to a two-month peak. As investors anticipate key policy hints from Federal Reserve Chair Kevin Warsh during his Jackson Hole address, the hawkish tone in the latest RBI minutes has intensified expectations for future monetary policy adjustments. This escalation in yields has enhanced the attractiveness of Indian bonds compared to U.S.
Javelin anti-tank system: What are its features? Key details of India’s plans to sign $45.7 million deal with the US
India plans to acquire the US-made Javelin anti-tank missile system for $45.7 million, enhancing defense ties with the US. The deal may lead to joint manufacturing, reflecting ‘record-level’ engagement between the two nations, according to US Ambassador Sergio Gor.
Laurus Labs among 5 stocks hitting 52-week highs; surge up to 20% in a month
Six BSE 200 stocks hit fresh 52-week highs on Friday as the Sensex gained 331 points. Coforge, GSK Pharma, Glenmark Pharma, Laurus Labs, Oracle Financial Services Software and Piramal Finance showed strong momentum, with several posting double-digit monthly gains.
Nepal flash floods: Death toll hits 538, 977 people still missing including 320 Indians confirms govt
Nepal flash floods: The death toll from Nepal's devastating flash flood in the Bhotekoshi River area has risen to 538, out of which the largest number has been recorded in the Chitwan. At least 400 Indian nationals were stranded in Nepal.
Jio IPO soon! RIL's telecom arm gets Sebi nod for Rs 37,700 crore offering
Jio Platforms has received Sebi approval for its proposed Rs 37,700 crore IPO, bringing Reliance Industries’ much-awaited listing closer. The issue could value Jio at nearly Rs 9.5 trillion and become India’s largest IPO. The company plans to use Rs 27,500 crore of proceeds to repay borrowings of Reliance Jio Infocomm.
Global Markets: BYD posts first quarterly profit rise in over a year
Chinese automaker BYD has experienced its first profit growth in over a year, primarily fueled by a sharp increase in export sales. This international expansion effectively balanced out the lackluster results seen domestically. In the second quarter, BYD reported a remarkable year-on-year net profit increase of 29.8 percent, although revenue faced a slight decline of 3.2 percent during the same timeframe.
Market wrap: TCS, Tech Mahindra, ICICI Bank, ITC top gainers and losers on Nifty and Sensex on Friday
Indian equities rebounded on Friday, ending a two-session losing streak as heavyweight IT stocks led gains. Nifty rose 0.35% to 24,175.65, while Sensex gained 0.43% to 77,264.51. Analysts expect consolidation amid mixed global cues and geopolitical uncertainty.
