Sebi proposes simplified rules, lower investment floor for mutual fund PMS
INDIA MUTUAL FUNDS | Wed, 29 Jul 2026, 6:01AM IST
Sebi has proposed lowering the minimum investment for mutual fund-only portfolio management services. The regulator suggests reducing this threshold from Rs 50 lakh down to Rs 25 lakh. This move aims to make these services more accessible to a wider investor base. Additionally, Sebi is simplifying other requirements for these portfolio managers. These proposed changes are expected to impact the investment landscape significantly.
Continue reading at Economic Times
9m
Stock Market Today: All You Need To Know Before Going Into Trade On July 29
INDIA MARKET | Wed, 29 Jul 2026, 6:00AM IST
Indian equity benchmarks fluctuated between gains and losses to end little changed.
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11m
HUL upside maybe limited as margins face cost pressure
INDIA MARKET | Wed, 29 Jul 2026, 5:40AM IST
Hindustan Unilever shares fell sharply, reaching a 52-week low despite strong revenue growth. Input cost pressures caused a contraction in the company's Ebitda margin. Home care and beauty segments showed robust underlying sales growth during the quarter. Personal care faced challenges from palm oil inflation, while foods division saw steady expansion. Management anticipates improved performance but sustained cost inflation may limit future stock upside.
Continue reading at Economic Times
31m
Indian IT stocks buck global tech slump, climb on earnings beat and AI optimism
INDIA MARKET | Wed, 29 Jul 2026, 5:35AM IST
Indian information technology stocks rallied Tuesday after global AI pressure eased. Coforge reported significant revenue and profit increases, boosting the sector. Other major IT firms also saw substantial gains during the trading session. This positive movement follows a period of underperformance for the IT sector this year. Analysts suggest resilient demand and attractive valuations are driving investor confidence.
Continue reading at Economic Times
36m
ET Exclusive: Adani eyes controlling stake in UK's Associated British Ports
INDIA BUSINESS | Wed, 29 Jul 2026, 5:30AM IST
Adani Ports is weighing a bid for Associated British Ports in the UK. This acquisition would expand Gautam Adani's port empire significantly. Two Canadian pension funds are selling their controlling stake in Associated British Ports. Associated British Ports owns and operates twenty-one key ports across the United Kingdom. The company is also a partner for the offshore wind industry.
Continue reading at Economic Times
41m
Trump Will End Subsidies for Medicare Drug Premiums
GLOBAL NEWS | Wed, 29 Jul 2026, 4:42AM IST
Millions of older Americans could pay more for their prescription drug coverage next year.
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1h
Ross Douthat Joins 60 Minutes as a Correspondent
GLOBAL NEWS | Wed, 29 Jul 2026, 2:02AM IST
Mr. Douthat, an opinion columnist at The New York Times, will join the CBS News program, along with several other journalists.
Continue reading at The New York Times
4h
Writers Guild Withdraws Support From Film Festival Over A.I.
GLOBAL NEWS | Wed, 29 Jul 2026, 1:54AM IST
Urbanworld, a New York event, has added a section for movies made with A.I. tools. The union was a sponsor but has been outspoken on the dangers of A.I.
Continue reading at The New York Times
4h
US stocks: S&P 500 ends higher as investors await tech earnings
INDIA MARKET | Wed, 29 Jul 2026, 1:32AM IST
The S&P 500 index closed higher on Tuesday, boosted by gains in Boeing and Coca-Cola. Chip stocks experienced a significant decline as investors awaited quarterly reports from major tech firms. Microsoft and Amazon saw movement ahead of their upcoming earnings announcements this week. Apple's stock value surpassed five trillion dollars for the first time as it climbed. The Federal Reserve's interest-rate decision is a key focus for markets on Wednesday.
Continue reading at Economic Times
4h
Apple briefly tops $5 trillion in market value, second after Nvidia; unveils iPhone leasing scheme
INDIA MARKET | Wed, 29 Jul 2026, 12:56AM IST
Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.
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5h
Air India's provisional Q1FY27 loss likely to cross Rs 1,200 crore
INDIA BUSINESS | Wed, 29 Jul 2026, 12:54AM IST
Singapore Airlines reported a net loss of 311.78 crore from its Air India stake. Air India's provisional loss for the fiscal first quarter exceeded 1,200 crore. High fuel costs and airspace closures pressured the carrier's operations. Despite losses, SIA and Tata Sons remain committed to Air India's transformation. A full turnaround for Air India is projected to take up to a decade.
Continue reading at Economic Times
5h
Draft final probe report of AAIB in Ahmedabad plane crash will be filed in October, SC told
INDIA BUSINESS | Wed, 29 Jul 2026, 12:50AM IST
The Supreme Court will receive the draft final report on the Air India flight AI-171 crash in October. The Aircraft Accident Investigation Bureau is preparing this report in a sealed cover. Simulation tests have been conducted as requested by petitioners in the ongoing investigation. The Federation of Indian Pilots can submit their inputs for consideration by the bureau. The court has scheduled further hearings for these petitions on October thirteenth.
Continue reading at Economic Times
5h
Canara Bank to frontload ECL provisioning, plans 8,000 cr capital raise
INDIA BUSINESS | Wed, 29 Jul 2026, 12:44AM IST
Canara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to 12-13,000 crore. This move will impact the capital adequacy ratio by sixty basis points. Canara Bank plans an 8,000 crore capital raise to cover this impact. The bank's gross advances grew eighteen percent year-on-year.
Continue reading at Economic Times
5h
Tata Consumer preps F&B push for post-weight-loss needs
INDIA BUSINESS | Wed, 29 Jul 2026, 12:42AM IST
Tata Consumer Products is developing new foods and beverages. These products will help manage side effects from weight loss medications. The company plans to introduce these items within the next sixty days. This initiative addresses reduced protein and fiber intake from such drugs. Demand outlook remains positive despite global economic challenges.
Continue reading at Economic Times
5h
SBI, HDFC Bank seek $1.7 billion overseas
INDIA NEWS | Wed, 29 Jul 2026, 12:31AM IST
Mumbai: Two of India's largest banks, State Bank of India (SBI) and HDFC Bank are together raising an aggregate of at least $1.7 billion through loans from foreign banks as they shore up their dollar resources to take advantage of the Reserve Bank of India's (RBI) special facility to attract dollars into the country.SBI is raising $1 billion through a five-year loan from HSBC and Japanese bank MUFG which will be syndicated to other lenders next month. This is in addition to the $500 million India's largest lender had raised, first through a $300 million three-year senior unsecured floating-rate bond issue in late June and later by tapping an existing outstanding bond issue due in July 2029 to raise another $200 million.Also read: FCNR(B) deposit drive could pressure banks' profitabilityHDFC Bank is in line to raise at least $700 million through a 3.5-year loan from Standard Chartered and a clutch of Taiwanese banks, including CTBC, at 110 basis points above the benchmark secured overnight funding rate (SOFR), people familiar with the matter said."All large Indian banks are in the dollar fund market to raise funds. SBI's fundraise is a little advance and will soon be syndicated to a wider section of banks. HDFC's loan, on the other hand, is a club loan and individual banks will take limits according to their ability which is why it is more fluid. The loan size in HDFC's case could go up to $1 billion as more banks join the deal," said a person familiar with the details.Also read: Patchy rains may hit rural lending, banks stay cautiousThe money will most likely be used by both the banks to provide leverage to overseas clients making FCNR (B) deposits with the bank. RBI is absorbing the entire currency hedging cost for banks on fresh three- to five-year FCNR (B) deposits, allowing banks to raise fresh funds without worrying about the hedging costs.SBI, HDFC and MUFG did not reply to an email seeking comment. HSBC and Standard Chartered declined to comment.
Continue reading at Economic Times
5h
SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resources
INDIA CURRENCY | Wed, 29 Jul 2026, 12:31AM IST
State Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to boost reserves. The banks aim to leverage the Reserve Bank of India's special dollar attraction facility. This move allows them to attract overseas client deposits without hedging costs. Both institutions are actively participating in the international dollar funding market.
Continue reading at Economic Times
5h
FCNR(B) deposit drive could pressure banks' profitability
INDIA BUSINESS | Wed, 29 Jul 2026, 12:30AM IST
Banks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding costs, like ICICI Bank and HDFC Bank. The FCNR(B) scheme has mobilized over $32 billion by mid-July. Deployment of these funds profitably is key for banks' success.
Continue reading at Economic Times
5h
Patchy rains may hit rural lending, banks stay cautious
INDIA BUSINESS | Wed, 29 Jul 2026, 12:30AM IST
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong winter harvest offers some financial cushion for lenders. Early stress is visible in personal and micro-enterprise loan segments. Lenders may slow small-ticket loan delivery due to risk aversion.
Continue reading at Economic Times
5h
ONGC okays $500 million guarantee for MRPL to import oil from Aramco
INDIA NEWS | Wed, 29 Jul 2026, 12:19AM IST
ONGC approved a $500 million guarantee for MRPL's crude imports from Aramco as India plans to source up to 25% of its 2027 LPG imports from the US
Continue reading at Business Standard
5h
Yemen's Houthis Fire Ballistic Missiles At Saudi Vessel In Fresh Flare-Up In Red Sea
INDIA MARKET | Wed, 29 Jul 2026, 12:16AM IST
Houthi claims on Red Sea tanker raise fresh fears over global oil supply disruptions.
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5h
INDIA BUSINESS | Wed, 29 Jul 2026, 12:15AM IST
NTPC is setting ambitious goals with a proposed investment of 16.68 lakh crore over the next eleven years. By 2037, the company aims to nearly triple its energy generation capacity, focusing on renewable sources to achieve 136 GW. Additionally, plans include establishing 30 GW of nuclear power by 2047, alongside the development of a significant green hydrogen hub near Visakhapatnam.
Continue reading at Economic Times
5h
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