Business
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KPMG Australia Lays Off 400 Amid Revenue Drop & Scandal
KPMG Australia cuts 400 jobs (5% workforce) due to revenue decline and a scandal involving client data misuse. Consulting revenue drops 17%.
Tempsens Instruments IPO: GMP Surges Over 106%
Tempsens Instruments IPO closes strong with over 106% Grey Market Premium (GMP). Explore subscription details and potential listing gains.
GMR Airports Invests $2B to Fuel India’s Aviation Growth
GMR Airports commits $2 billion to expand New Delhi & Hyderabad airports, anticipating India’s massive 6x growth in air passenger traffic.
India Ditches Boarding Pass Stamps for International Flights
India eliminates mandatory boarding pass stamping for international travelers from Sept 1, streamlining airport departures with digital or physical passes.
India Equity Market Hits Record $10B Deals in August
India’s equity market achieved a record-breaking August, pricing nearly $10 billion in deals, boosted by strong liquidity and investor confidence in new listings.
Hy-Tech Engineers Leads IPO Gainers at 47.17%
Hy-Tech Engineers leads mainboard IPOs with a 47.17% implied listing gain, offering a potential Rs 7,075 profit per lot. Other IPOs include Symbiotec Pharmalab and Skyways Air.
Indian Banks’ Decade-Best Health: Low NPAs, Strong Buffers
Indian banks achieve decade-best financial health with near-historic low NPAs and robust capital buffers, signaling a resilient and recovering sector.
Skyways Air Services IPO: ₹582 Cr Raise, Mixed Broker Views
Skyways Air Services IPO opens Aug 24, aiming for ₹582 Cr. Priced at ₹131-138, it garners mixed ‘Subscribe’ & ‘Neutral’ ratings from brokers. GMP at ₹32.
Large-Cap vs. Small-Cap Funds: Investment Mix Explained
Understand the differences between large-cap and small-cap mutual funds, their risks, and opportunities to build a balanced investment portfolio.
Indian Pharma Resilient to Trump’s Generic Drug Tariff Threats
Indian pharmaceutical companies remain largely unfazed by Donald Trump’s proposed tariffs on generic drugs, citing economic impracticalities and significant obstacles to US production relocation.
EPF vs. Equities: Your Retirement Strategy Guide
Discover the key differences between EPF and equity investments to craft a balanced retirement strategy. Ensure financial security with informed choices.
India Targets $30 Trillion Economy by 2047, Seeks More Japanese Firms
India aims for a $30 trillion economy by 2047, with Minister Piyush Goyal seeking to double Japanese firms’ presence in the country within the decade.
Bank Unions Strike Sept 11: 5-Day Banking, PLI Disputes Halt Services
Nationwide bank strike on Sept 11, 2026, by UFBU over 5-day banking, PLI issues, and pension disputes. Expect major disruptions.
August 2026 FD Rates: Banks Hike Interest for Savers
Discover which banks boosted FD rates in August 2026. Learn about DCB Bank’s 8.05% for seniors & 7.50% for others. Maximize your savings!
India Construction Equipment Sector: FY27 Growth Moderated
India’s construction equipment industry expects moderated FY27 growth, down from double-digit forecasts due to rising input costs and geopolitical uncertainty impacting supply chains.
Horizon Industrial Parks IPO: Muted Debut, Trades Below IPO Price
Horizon Industrial Parks’ IPO saw a subdued market debut on August 24, 2026, opening slightly above its issue price before declining, trading below ₹60.
Rupee Flat at 95.71 Amid Strong Dollar & Geopolitical Tensions
Indian Rupee remains stable at 95.71 against the US dollar, influenced by a strong dollar and escalating global geopolitical tensions. Forex reserves see a jump.
SEBI Rejects Adani-Linked Funds’ Settlement Bids
India’s SEBI rejects settlement bids from 13 Adani-linked foreign funds, continuing a 2020 probe into shareholding compliance and potential front operations.
Augmont IPO Oversubscribed 7.62x, NIIs Drive Demand
Augmont Enterprises’ IPO sees strong demand, oversubscribing 7.62 times by Aug 24, with Non-Institutional Investors leading the charge.
UP & Yamanashi Ink 4 MoUs, Launch ₹600 Cr MSME Fund
Uttar Pradesh and Japan’s Yamanashi Prefecture sign 4 MoUs, establishing a ₹600 crore fund to boost MSME investments in UP.
Tempsens IPO: 104% Gain Expected, Outshining Augmont
Tempsens Instruments IPO projects a massive 104.33% listing gain, significantly surpassing Augmont Enterprises’ 48.22% as both IPOs conclude.
Mid & Small Caps Dominate New Mutual Fund Folios in FY27
Record 50% of new mutual fund folios in FY27 are in mid- and small-cap schemes, a significant surge from just 2.91% in FY21, driven by strong stock performance.
Hexaware AI Strategy Targets $300B Opportunity, Stock Soars
Hexaware Technologies’ shares surged 6% following the launch of its AI strategy, aiming to capture over $300 billion in new market opportunities amidst traditional IT deflation.
Citigroup & Axis Bank Boost India Dollar Deposits
Citigroup and Axis Bank partner to offer financing for NRIs investing in dollar deposits, aiming to increase India’s foreign currency inflows and strengthen reserves.
Asian Markets Fall Amid Inflation, Sanctions, Nvidia Fears
Asian markets opened lower Monday, pressured by rising bond yields, global inflation, Iran sanctions, and anticipation of Nvidia’s earnings. Key indices saw declines.
Blue Cloud Softech Secures $150M SpaceX International Deal
Blue Cloud Softech Solutions begins $150M Master Services Agreement with SpaceX International, focusing on AI, cybersecurity, and data solutions.
India Eyes 75% Global Trade Coverage with New FTAs
India is negotiating 8-9 new trade pacts to cover 75% of global trade, aiming to boost its role in value chains and tap into $15 trillion GDP markets.
IHCL Merges Oriental Hotels: A Strategic Consolidation
Indian Hotels Company (IHCL) approves merger with associate Oriental Hotels (OHL), consolidating its stake and streamlining operations. Learn about the strategic implications.
Gabriel India Approves ₹1,000 Cr NCD Issue
Gabriel India’s board greenlights a ₹1,000 crore NCD issuance via private placement on BSE Limited. A new Finance Committee will oversee the process.
Hy-Tech Engineers IPO Opens: Rs 135.73 Cr Target, Rs 25 GMP
Hy-Tech Engineers IPO launched Aug 24, aiming for Rs 135.73 Cr. With a Rs 25 GMP, expect a potential 47.17% listing premium. Details inside!