Latest posts
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Credit card spending falls 2.8% in August as new card additions slow
In August, credit card spending decreased by 2.8% to ₹2.02 lakh crore from July’s ₹2.08 lakh crore. While year-on-year spending saw an increase of 5.9% compared to August 2025, the trend indicates moderation. Additionally, banks added 1.19 million new credit cards, down 5.6% from July’s figures. This brings the total credit card tally to 124.1…
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Stocks in news: Waaree Energies, PB Fintech, Lemon Tree Hotels and Dr Lal PathLabs
Indian equity markets saw significant declines, with the NSE Nifty 50 index dropping by over 380 points. PB Fintech experienced a sharp 36% plunge after regulatory changes. Waaree Energies expanded into the specialty gases business to supply semiconductor manufacturers. Dr Lal PathLabs approved the acquisition of a majority stake in SN Genelab Private Ltd. Several…
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Pre-market action: Here’s the trade setup for today’s session
Benchmark Nifty declined by 1.6% due to rising global uncertainties and elevated crude prices. Analysts predict weakness in Indian equities amid geopolitical tensions and market fluctuations. The immediate support level for the index is identified at 23,000, with resistance at 23,200. Foreign portfolio investors sold shares worth Rs 5,027 crore, while domestic investors bought shares…
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Sebi approves new rules to widen investment avenues
The board of Sebi has sanctioned new regulations aimed at portfolio managers, paving the way for innovative investment avenues. These guidelines enable investments in mutual funds, international securities, and diverse commodity derivatives. Portfolio managers now have the flexibility to direct client funds towards mutual fund direct plans and initial public offerings.
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Dalal Street slumps on oil spike, bond rout & Irda jolt
The US 10-year Treasury yield moved above 5.10%, while Brent crude remained above $102 a barrel, raising concerns over global liquidity, inflation and India’s import bill.
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US stocks: S&P 500 ends nearly flat as US-Iran talks help stocks pare losses
S&P 500 ended almost flat as Microsoft declined, while Meta Platforms recorded gains amid ongoing market fluctuations. Oil prices surged following geopolitical tensions and a missile attack on Saudi Arabia, raising supply concerns. Treasury yields also increased, with the 30-year bond yield reaching its highest level since 2004. Traders anticipate a significant chance of another…
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Mutual fund inflows over 1 year: Which equity, debt and hybrid categories attracted money despite being in the red?
Mutual fund flows over the last 12 months show a mixed picture across equity, debt, and hybrid categories. Some categories attracted substantial money despite negative returns, while others saw outflows even after delivering positive returns.
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US Federal Reserve’s Anna Paulson sees scope for more interest rate hikes amid inflation risks
Philadelphia Federal Reserve President Anna Paulson indicated that additional interest rate hikes could be warranted to combat inflation. She stated that inflation remains persistently high, with underlying inflation at about 2.5 to 3%. Paulson characterized the US economy as relatively strong despite external pressures from tariffs and the Middle East conflict. Policymakers expect one further…
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6 international mutual funds are reopening: 5 delivered double-digit returns in 1 year – is it time to invest?
Six international mutual funds are reopening for fresh subscriptions after periodic restrictions on overseas investments. With some schemes delivering double-digit returns over the past year, investors may be tempted to invest. Here’s what you should check before putting money in.
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Health insurance: Sum insured, policy terms, evolving needs – all you need to know before policy renewal
Reviewing coverage, sum insured, healthcare requirements and premiums can help ensure uninterrupted protection