9:10 PM
Blogger
Several leading Indian banks are offering attractive returns on special fixed deposit (FD) schemes with a 444-day tenure. State Bank of India, Indian Bank, Bank of Baroda, IDBI Bank, and Canara Bank are among those providing competitive interest rates for general, senior, and super senior citizens.
5:10 PM
Blogger
The Asian Development Bank has approved a $410 million package for Pakistan's Reko Diq copper and gold mine project. This initiative aims to tap into one of the world's largest undeveloped reserves, potentially making Pakistan the fifth-largest copper source by 2028.
10:10 AM
Blogger
Stock market recommendations: Bajaj Broking Research suggests a positive outlook for the Nifty and Bank Nifty, recommending Sagility India and Aditya Birla Capital as top stock picks. Nifty is expected to consolidate between 25,250 and 24,600, while Bank Nifty may oscillate between 54,800 and 56,300.
1:10 PM
Blogger
State Bank of India (SBI) analysis projects India's economy to grow robustly between 6.8% and 7% in the first quarter of fiscal year 2026, exceeding the RBI's 6.5% forecast. While Q1 shows strong performance, SBI anticipates a 6.3% GDP growth for the entire fiscal year, slightly below the RBI's 6.5% target.
11:10 AM
Blogger
Ventura Securities predicts gold prices could reach $3,600 per ounce by year-end. This rally is due to economic issues and investment demand. Comex gold futures recently hit a high of $3,534.10. Global gold demand increased by 3 percent. Investment in gold ETFs is also strong. Younger buyers are choosing ETFs and digital gold. Central banks are consistently buying gold.
9:10 AM
Blogger
Top stock market recommendations: Aakash K Hindocha from Nuvama Professional Clients Group suggests a bullish outlook for Nifty and Bank Nifty, setting targets of 25250 and monitoring key levels for buying opportunities. Godawari Power, Amara Raja Energy & Mobility, and HDFC Life are top stock picks, showing promising momentum and potential for significant gains based on recent trading patterns and volume surges.
12:10 AM
Blogger
Public sector banks (PSBs) in India showcased strong financial performance in Q1 FY26, achieving a record collective profit of Rs 44,218 crore, an 11% increase year-on-year. State Bank of India led the gains, contributing significantly to the overall earnings. While most PSBs saw profit growth, Punjab National Bank experienced a decline during the same period.
11:10 PM
Blogger
Reserve Bank of India's Governor Sanjay Malhotra highlighted the Indian economy's strength and stability at the recent MPC meeting, advocating for vigilance regarding evolving US tariffs. The MPC voted to maintain the short-term lending rate at 5.5%. Members favored a data-driven, neutral stance, acknowledging resilient growth alongside concerns about global risks and uneven industrial performance.
3:10 PM
Blogger
HDFC Bank has announced temporary disruptions to several customer care services, including WhatsApp chat and SMS banking, between August 22nd and 23rd, 2025. These interruptions are due to planned system upgrades aimed at enhancing the overall banking experience. While some services will be unavailable, NetBanking, MobileBanking, and PhoneBanking Agent services will remain accessible to customers.
12:10 AM
Blogger
IndiGo and IDFC FIRST Bank have introduced a co-branded credit card on both Mastercard and RuPay networks, targeting frequent flyers. Cardholders can earn substantial IndiGo BluChips on flight bookings and everyday spending, with up to 22 BluChips per Rs 100 spent on IndiGo.
8:10 PM
Blogger
Bank of Maharashtra and SBI Card have partnered to launch a co-branded credit card, offering a premium shopping experience with accelerated rewards and exclusive discounts. Available in three variants – ELITE, PRIME, and SimplySAVE – the card caters to diverse customer needs with features like fuel surcharge waivers and contactless payments. Customers can apply through Bank of Maharashtra branches.
11:10 AM
Blogger
Indian banks are proactively cushioning exporters from the impact of the US tariff hike, effective August 27. Measures include temporary interest concessions, flexible repayment options, and enhanced working capital. Indian Bank is considering fee waivers and tailored support for MSMEs in key export hubs. Other banks like IOB are advising on market diversification and hedging strategies.
10:10 AM
Blogger
Stock market recommendations: SBI Securities' Sudeep Shah suggests Uno Minda Ltd and HDFC Life as top stock picks for the week starting August 18, 2025. Nifty snapped a six-week losing streak, but faces resistance at 24750-24800. Bank Nifty traded narrowly, with key resistance at 55700–55800.
7:10 PM
Blogger
Gold prices are anticipated to consolidate as investors monitor global economic data, central bank commentary, and geopolitical events. Focus will be on US housing numbers, UK and Eurozone inflation data, and PMI releases. Speeches from ECB President Lagarde and Fed Chair Powell at the Jackson Hole Symposium will also influence bullion's trajectory, impacting near-term market sentiment.
6:10 PM
Blogger
Union Bank of India projects India's current account deficit to nearly double to 1.2% of GDP in FY26, up from 0.6% in FY25, citing evolving trade dynamics and global commodity prices. A $10 per barrel change in crude prices could alter the annual current account balance by nearly $15 billion.
5:10 PM
Blogger
During a holiday-shortened week, five of the top ten most valued companies experienced a surge in market capitalization, totaling Rs 60,675.94 crore, driven by positive market sentiment. SBI and HDFC Bank emerged as the frontrunners, while Reliance Industries maintained its position as the most valued firm. Conversely, LIC and Bajaj Finance witnessed a decline in their valuations.
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