Goldman Sachs maintains a buy rating on Bajaj Auto, anticipating rare earth shortages to impact E2W and E3W sales. Bernstein expresses disappointment in Trent’s revenue growth despite store expansion. Antique retains a buy rating on Bharti Airtel, projecting steady earnings with a potential tariff hike in Q1FY27.
Gold prices in India surged to unprecedented levels on Thursday, driven by ongoing tariff conflicts, disappointing US economic figures, and a weakening rupee. The yellow metal surpassed Rs 1.02 lakh/10 gm on MCX, reaching highs of Rs 1,02,700 and Rs 1,02,550 in Delhi and Hyderabad, respectively. Experts predict this upward trend will persist as gold…
RBI has granted AU Small Finance Bank in-principle approval to transition into a universal bank, marking the first such approval in a decade. Founded as an NBFC in 1996, AU became the largest SFB and the first to seek universal status under RBI’s new framework.
Indian Continent Investment, a promoter group entity of Bharti Airtel, is set to sell a 0.8% stake in the telecom giant for approximately Rs 9,310 crore through block deals. The deal, managed by Jefferies and JP Morgan, involves offloading up to 5 crore shares at a discounted price.
Fitch Ratings estimates the US effective tariff rate at 17% after recent reciprocal tariff announcements. Indian goods faced a 20.8% rate before August 27, including exemptions. While the US average tariff was 3.3% in 2024, additional duties, especially on countries like India and Brazil, significantly increase the overall tariff burden.
Starting January 1, 2026, the RBI mandates banks to settle claims of deceased customers within 15 days with complete documentation. Failure to comply results in penalties: interest on deposit delays and a daily charge for locker access delays. This initiative aims to streamline the process, reduce unclaimed deposits, and ensure grieving families promptly receive funds…
Despite initial concerns over increased US tariffs, Indian markets closed higher due to late buying and positive news, including potential peace talks and upcoming visits by global leaders. While some sectors like textiles and engineering faced setbacks, optimism surrounding international relations boosted auto, pharma, metals, and energy stocks.
Indian exporters are accelerating shipments to the US ahead of an August 27 deadline, fearing a duty hike to 50%. A three-way split of the initial 25% tariff is in place, but concerns remain, especially for smaller businesses with less bargaining power.
The Bank of England reduced interest rates to 4% due to economic concerns. This is the fifth cut since August 2024. The move aims to counter rising US tariffs and domestic tax hikes. Inflation rose to 3.6% in June. Growth forecast is slightly up to 1.25%. The decision faced division within the Monetary Policy Committee….
