business

US stocks remained near record highs as investors awaited crucial inflation data. Economists anticipate a slight increase in July’s consumer price index, driven by rising costs of groceries and fuel. Concerns about stagflation persist, with the Fed divided on interest rate cuts. Micron Technology and AMC Entertainment saw gains, while C3.ai experienced a significant drop.

BlueStone Jewellery’s IPO saw 39% subscription on its first day, with strong interest from QIBs and retail investors. The IPO includes a fresh issue and an offer for sale, aiming to raise ₹1,540.65 crore. Proceeds will fund working capital and corporate needs as the company expands its retail presence across India. The IPO closes on…

Kpler reports Indian refiners possess the technical capacity to operate without Russian crude, but this shift would entail significant economic and strategic disadvantages. Replacing Russian oil, which constitutes a substantial portion of India’s refinery intake, would elevate feedstock costs and freight charges. This transition would also misalign product yields, making it a commercially challenging endeavor.

Air India will suspend its Delhi-Washington nonstop flights from September 1, 2025. This is due to a shortage of wide-body planes. The airline is revamping its legacy fleet. Passengers can rebook or get full refunds. The retrofit program aims to enhance customer experience. Supply chain issues have delayed the completion to October 2028.

Nirmala Sitharaman presented the revised New Income Tax Bill 2025 in Parliament. This followed the withdrawal of the original bill. The new version incorporates recommendations from a Parliamentary Select Committee.

Capital expenditure by major CPSEs and key government bodies saw a 23% year-on-year decline in July, attributed to a high base effect. Despite this, expenditure from April to July increased by 2.5%, driven by a strong June quarter.

The government is set to seek parliamentary approval for amendments to mining laws, potentially as early as Monday. These changes aim to enable state funding for acquiring critical mineral assets overseas, utilizing the National Mineral Exploration Trust’s ₹6,000 crore corpus.

Gold price prediction today: Gold prices are projected to remain range-bound amid global economic uncertainties. Last week, prices hit record highs domestically due to rate cut expectations and a weak US jobs report. A false tariff report briefly spiked prices before a correction. Market focus now shifts to key US inflation and retail sales data.

A recent NSE report reveals a positive trend in women’s involvement in the Indian stock market across most states as of June 2025. Maharashtra and Gujarat lead with increased female investor participation, while Uttar Pradesh lags despite a large investor base. However, the report also indicates a slight decline in the number of investors under…

Anandamayi, daughter of Kushagra Bajaj, has joined the Bajaj Group. She will work as general manager for strategy. Anandamayi recently graduated from Columbia University. She will collaborate with leadership teams. The Bajaj Group has interests in sugar, ethanol, power, and personal care. Other family members are also involved in the larger Bajaj enterprise. The group…