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Lenders are having a sale on fixed mortgages — and everyone’s invited. 

Bharat Petroleum Corporation (BPCL) soared approximately 7%, reaching a new all-time high of Rs 370.50 on the BSE and the NSE, amid strong trading volumes in the stock. Throughout the day, nearly 3 crore shares exchanged hands on both the exchanges combined and the company’s total market capitalisation stands at Rs 1.6 lakh crore.

Manas Agrawal of Bernstein Societe Generale Group, says the last three days have been very volatile for PB Fintech. So, clarity on offline expansion front will be helpful. Bernstein has written a note where it talks about the key questions for the management. Essentially, what is the business plan? It is good for the consumer and probably good for hospitals and insurers and therefore good for Policybazaar, but then at what cost does all of this come up, that is the key question at this point in time in my mind. ET Now: Just going by the fact that the offline healthcare foray is something that PB Fintech has been looking at for the past many years in terms of this new foray, how are you looking at this backward integration with hospitals as to what it could potentially mean? Manas Agrawal: Media broke the story, and the company has not denied it. Yashish has spoken about it in the previous concalls as well. So, it seems like they want to do this. Now, how they go about doing this is the question, is it going to be capital intensive or it will be a partnership of sorts, it seems like that is the big question that is weighing on the stock because people bought into the story for PB Fintech for its strong growth, its capital light business model.

US Fed has finally cut its interest by 50 bps. Our analysis showcases that since the turn of the century the US has witnessed 3 instances of a pivot of 50 bps rate cut, which were driven by the need to reduce a recession. Excluding COVID, US markets corrected as much 24% to 28% one year post the first cut. Indian markets too followed suit, correcting 15% to 30% during these two instances. However, this time US GDP is still growing at around 2% and fears of recession are lower. Theoretically, falling interest rates in the longer run should revive demand, increase capex and lower cost of capital and increase valuations and earnings of markets, especially if the economy is growing. India in our eyes falls under this basket of “growing economies with stable corporate earnings drivers”. Surge in domestic liquidity led to belief the equities could delink from the world and US markets at least shunting any significant falls.

Subscribe to enjoy similar stories. The recent slew of collaborations between homegrown designers and international brands can be taken as a sign of India’s growing influence in the global fashion and luxury industry. These partnerships, like Sabyasachi x Estée Lauder, Anamika Khanna x H&M, and Rahul Mishra x Tod’s, also showcase the power of Indian creativity and craftsmanship on a global scale.

BEIJING — China's latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said.

Info Edge (India) Ltd. gained 1.81 per cent to Rs 8085.95 in Friday's trade as of 10:10AM (IST). It hit a high of Rs 8155.6 and low of Rs 8013.1 during the session. The stock quoted a 52-week high price of Rs 8259.95 and a low of Rs 3973.15. The return on equity for the stock stood at 1.91 per cent. About 1,613 shares have changed hands on the counter so far.

Rahul Jain, Vice President, Dolat Capital, says would prefer to look at the earning commentary that Indian IT companies would provide over the next couple of weeks as they deliver their Q2 results and that would make a better sense rather than reading too much into Accenture commentary. From a purely business point of view, things are definitely better than what it was 12 months ago. Accenture in many ways is tracked very closely in India to try and get a sense of where the IT sector is headed. What do these earnings tell you about the overall sector? Rahul Jain: The guidance itself is a very wide number and when you get this kind of a guidance, you always feel like at the lower end it is a bad number, at top and it is a respectful number. These kinds of numbers are always very difficult to take a clear bet on. The wide band with such a lower number will make you think that the company itself is very indecisive about it. So, it does not add to any comfort or discomfort as such. We would rather look at the earning commentary that an Indian IT company would provide over the next couple of weeks as they deliver their Q2 results and that would make a better sense to us, I guess, rather than reading too much into this one.

Hurricane John strengthened once again on Thursday as it hurled rain at Mexico's southwestern coast dotted with ports and tourist hotspots, an area already soaked by the slow-moving storm system over the past several days. John has churned menacingly near the stretch of coastline since Monday, weakening and strengthening again as it impacted major cargo ports, temporarily shutting local airports as well as claiming at least five lives, mostly due to mudslides. AccuWeather meteorologist Jesse Ferrell referred to John as a «zombie» storm — a term that refers to systems that dissipate before strengthening back into a storm, first coined by the U.S. National Weather Service in 2020 when the remnants of storm Paulette regenerated near the Azores after striking Bermuda.

Sandip Sabharwal, asksandipsabharwal.com, says portfolio allocation varies from person to person and the age group which they are in, etc. But for people who do not stay in the US and their currency is a reserve currency, gold has always been a very good investment. Today, it is one of the biggest sources of wealth for Indians as per current calculations. It is almost 75% of the country's GDP. It is pure currency and can be easily encashed at any point of time. Gold should be 10-15% of the asset allocation. Bonds and debt depend on person to person. But everyone should have one year of expenditure and some additional amount in fixed income and bonds to take care of your need if you cannot pull out of risky assets. This massive rally which is underway in auto, completely undoes what you were saying a couple of weeks ago, the inventory buildup and the fact that there was a lot of discounting and all those clamours which were coming through. What do you make of the auto sector right now? Sandip Sabharwal: When we were discussing the industry at that time, the two-wheeler stocks were running up and the four-wheelers were correcting and what I had said was that in anticipation of festival demand, it is likely that the four-wheelers will also see some sort of revival going forward. Now, it is a question of delivery. These companies have to deliver on the festival season sales and that is the challenge.

«There is some softening globally, but India is performing very well on the macros. The balance sheets are very clean for corporates. Banks have the ability to lend,» says Ajay Bagga, Market Expert. What do you make of the momentum of the market, there is no stopping it at all? Ajay Bagga: Yes, flows are very strong and we see that domestic flows are absorbing. Even the little FII selling that is still coming through, we are seeing that absorption happening.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Subscribe to enjoy similar stories. As many as 29 Tata Group stocks are listed on the stock exchange, of which five are already in the Nifty 50. From 30 September, another multibagger Tata Group stock will enter the benchmark index.

Donald Trump, the Republican Presidential candidate has been seen to be losing his grip in recent days, and has not focused very steadily on his Presidential campaign. Moreover, he seems to be one of those Presidential candidates, who may be very active throughout the campaign, and his essence is also very attracting, but he is yet to get footing in major battleground, which the former US President lost after Kamala Harris entered the Presidential race.

With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen’s union come to the bargaining table to negotiate a new contract

The number of Americans applying for unemployment benefits last week fell to the lowest level in four months

Junior Bridgeman played for the Milwaukee Bucks long enough to retire as the team leader in games played and performed well enough that his jersey hangs from the Fiserv Forum rafters

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders

An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel

Arunachal Pradesh handed death sentence to the former warden of a government residential school for sexually assaulting 21 children, including 15 girls, in Shi-Yomi district. Special judge Jaweplu Chai pronounced the capital punishment to the prime accused Yumken Bagra, the former warden of the government residential school, after finding him guilty under Sections 328 (causing hurt by means of poison, etc., with intent to commit an offence) and 506 (criminal intimidation) of the Indian Penal Code (IPC) as well as Sections 6, 10, and 12 of the POCSO Act. He was there between 2019 and 2022. Capital Superintendent of Police (SP) Rohit Rajbir Singh said that Co-accused Marbom Ngomdir was a Hindi teacher while Singtun Yorpen was former headmaster of the school,Ngomdir was found guilty under Section 506 of the IPC and Sections 17 and 21(1) of the POCSO Act, while Yorpen was convicted under Sections 17 and 21(2) of the POCSO Act, Singh said.

central government has revised the variable dearness allowance for unorganized sector workers, resulting in an increase in monthly wages. The revised rates will be effective from October 1, 2024 and are aimed at helping workers cope with the rising cost of living, the ministry of labour and employment said. The rates, which are revised twice a year, were last revised in April 2024. The minimum wage rates are categorized based on skill level, unskilled, semi-skilled, skilled, and highly skilled as well as by geographical area as A, B and C. After revision, minimum wage rates in area “A” for workers in construction, sweeping, cleaning, loading and unloading for unskilled work will be Rs 783 a day or Rs 20,358 per month while for semi-skilled workers it will be Rs 868 a day or Rs 22,568 per month.