Westpac sees 20% slide in mortgage applications as tax changes bite
Westpac reports a 20% fall in mortgage applications and projects investor housing credit growth to halve by 2027, citing tax policy and rates.
Business
SEBI sees retail investor base widening as savings shift to market-linked assets
SEBI's annual report shows deepening retail participation, with mutual fund AUM at Rs 73.7 lakh crore and SIP inflows rising 20.8%.
When Markets Turn Mad: Crowding Signals New Risks for Investors
Morgan Stanley research flags investor crowding as a key risk, suggesting extreme sentiment and sharp price moves may signal when markets lose collective wisdom.
Credit growth and capital inflows brighten outlook for Indian markets
Strong domestic credit growth and improving capital inflows are likely to support Indian markets, even as foreign equity selling remains heavy.
BHP Port Hedland strike widens as more workers join stoppage
Union workers at BHP's Port Hedland operations have expanded a two-day strike, with around 150 workers now participating.
China's July factory-gate inflation cools as energy costs retreat
China's July producer price inflation slowed to 3.5% year-on-year, below expectations, as consumer price growth also eased to 0.5%.
RBI Proposes Updated Capital Rules for Bank Derivative Risks
RBI proposes new capital rules for banks to cover derivative counterparty risks, replacing the 2011 CVA framework.
US Tariffs on Russian Oil Unlikely to Dent India's Economy, Says Analyst
An analyst says US tariffs on Russian oil will barely impact India, as discounts have narrowed and the economy is well-insulated.
RBI proposes extra leverage buffer for G-SIB branches in India
RBI draft rules require G-SIB branches in India to hold a 3.5% leverage ratio plus parent-bank buffer, aligning with Basel 2017 standards.
Indian pharma market grows 12.1% in July, but volumes lag at 1.6%
India's pharma market grew 12.1% in value in July 2026, but unit growth was just 1.6%, driven by pricing and new products.
AI creates 51,000 more jobs than it cuts in India, Nomura finds
Nomura data shows AI added 83,100 jobs in India versus 31,921 layoffs, but entry-level hiring is falling.
NBFC gold loans surge 69% to Rs 3.41 lakh crore in June
NBFC gold loans grew 69.3% YoY to Rs 3.41 lakh crore in June, far outpacing overall retail loan growth of 20.3%.
Unsold Housing Stock Up 4% in H1 2026, Premium Segment Leads Build-Up
Unsold housing inventory in eight Indian cities rose 4% YoY to 525,695 units in H1 2026, driven by a sharp build-up in premium and luxury segments.
Tax relief unlikely to boost foreign bond inflows, says SBI Funds
SBI Funds expects muted foreign flows into Indian bonds despite tax removal, citing global yields, RBI pause, and rupee expectations.
SEBI sees resilient India economy supporting markets despite global headwinds
SEBI's annual report says India's strong domestic fundamentals will support markets in 2026-27, but global risks remain elevated.
Unclaimed mutual fund dividends climb 15.7% to Rs 2,689 crore in FY26
Unclaimed mutual fund dividends rose 15.7% to Rs 2,689 crore in FY26, while redemption proceeds dipped slightly, per SEBI's annual report.
India's clean-energy push could deepen reliance on imported critical minerals
India's clean-energy shift may create fresh import vulnerabilities, with full dependence on 15 of 23 critical minerals, per a CII-EY report.
Inflation and retail sales data to steer Wall Street this week
US inflation and retail sales reports due this week will shape investor expectations and Fed rate path.
US Tariff Threat on Russian Oil Could Hit India's Economy, Warns CareEdge
CareEdge warns that US tariffs on Russian oil could push crude above $100, doubling India's current account deficit and stoking inflation.
US Russia Sanctions Bill Raises Stakes for India Trade Talks, Says Economist
A US Senate bill targeting buyers of Russian crude makes an India-US trade deal more critical and could raise India's import bill if supplies are disrupted.