RBI eases priority sector lending norms for overseas FX deposits
RBI exempts advances against 3-5 year overseas FX deposits and 3+ year NRE term deposits from adjusted net bank credit for priority sector lending targets.
Business
Gold hits seven-week high as weak US jobs data cools rate hike bets
Gold jumped to a seven-week high after US July payrolls unexpectedly fell, reducing the odds of a September Fed rate hike and boosting bullion's weekly gains.
Fed September Rate Hike Odds Slip After Weak July Jobs Report
Rate futures now show a 43.9% chance of a Fed hike in September, down from 57% before the jobs report.
Euro zone bond yields slide after surprise US job losses
US non-farm payrolls fell unexpectedly in July, pushing euro zone bond yields lower and boosting hopes for a pause in Fed rate hikes.
US Treasury yields slide after surprise July job losses
US Treasury yields fell sharply after July payrolls unexpectedly declined, reducing market odds of a September Fed rate hike.
Guotai Haitong moves to take offshore unit private in $3.6 billion deal
Guotai Haitong Securities proposes a $3.64 billion take-private of its Hong Kong-listed offshore unit, offering a 44.2% premium to delist the firm.
Drone strikes cut CPC oil loadings by a fifth in July
Drone attacks near the Black Sea cut CPC oil loadings by over 20% in July, disrupting Kazakh exports and tightening global supply.
Wall Street Set to Open Higher as Weak Jobs Data Cools Rate-Hike Bets
US stock futures rose after July payrolls unexpectedly fell, lowering odds of a September rate hike and boosting tech shares.
Google Pay Puts Domestic Payments First, Pauses Cross-Border Focus
Google Pay is prioritising faster, safer domestic transactions over cross-border payments, focusing on fraud prevention and AI for MSMEs.
Life Insurers' New Business Premium Up 21% in July, Retail Growth Uneven
India's life insurers saw new business premium rise 21% YoY in July 2026, driven by group single premiums, but retail recurring growth remained moderate.
Volkswagen Plans US Comeback With Pickup Truck, New Leadership
Volkswagen will revamp its US strategy with a new pickup truck and leadership change, targeting growth in high-margin segments.
SBI Chairman Says Q1 NPA Rise Is Seasonal, Not a Sign of Stress
SBI's chairman attributes the sequential rise in Q1 NPAs to seasonal factors, dismissing concerns over asset quality and private capex slowdown.
Airbnb raises revenue forecast, credits AI for cost cuts
Airbnb lifts annual revenue growth forecast to mid-teens, citing strong demand and AI-driven cost savings; shares rise 9%.
Wheat Futures Steady as Black Sea Shipping Risks Offset Ample Supplies
Chicago wheat stabilizes after recent lows as traders assess Black Sea attacks and await US jobs and crop reports.
Vistra Q2 Profit Dips on Hedging Losses Despite Strong Power Demand
Vistra's Q2 net income fell to $305M on $472M unrealized hedging losses, though adjusted EBITDA rose 31% to $1.77B.
SK hynix approves $39.4 billion plan for new AI memory chip fabs
SK hynix's board approved a 54 trillion won investment for new fabs in Yongin and Cheongju, targeting AI memory demand through 2030.
Global food prices tick up in July on costlier cereals, oils, sugar
FAO's food price index rose 0.6% in July, led by cereals, vegetable oils, and sugar, while meat and dairy fell.
Lok Sabha Passes Bill Exempting Foreign Investors in Govt Bonds from Income Tax
Lok Sabha passes bill exempting FIIs from income tax on interest and capital gains from government securities, effective April 1, 2026.
Global stocks steady ahead of US jobs data; oil slips despite Gulf tensions
Global shares head for best week since May as markets await US jobs data that could sway Fed policy; oil eases despite Middle East tensions.
Raw Sugar Hits Four-Month High as Global Supply Fears Mount
ICE raw sugar futures climbed to a four-month peak on Friday, driven by concerns over EU and Asian crops and tight Indian supplies.