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Taxpayer wins Rs 85.3L unexplained cash gift case

Bajaj Finance shares jump 5% after Q2 business update. Why Jefferies sees 35% upside in its top pick?

Bajaj Finance shares rose sharply on Monday after the NBFC reported 26.5% YoY growth in Q2 FY27 AUM to nearly Rs 5.85 lakh crore. Jefferies retained its Buy rating and Rs 1,280 target price, implying 35% upside, and reaffirmed Bajaj Finance as a top pick, citing strong AUM growth.

FM Sitharaman hails India-EU trade deal at Munich Leaders Meeting

Finance Minister Nirmala Sitharaman said that the proposed Indo-U.S. trade agreement “has been a hard and very rigorously negotiated agreement”

HDFC Bank, YES Bank, AU SFB: Bank stocks jump; Bank Nifty up over 1% - Q2 business updates, share price rally explained

Nifty Bank jumped 1.4% in morning trade to an intraday high of 55,192.65, with HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, YES Bank, and AU Small Finance Bank among top gainers. Some of them, however, slipped into the red as the day progressed due to profit booking.

Global Market: Euro hits 17-month low as French fiscal worries boost dollar

The euro fell to a 17-month low as concerns over France’s fiscal outlook and bond-market selloff weighed on sentiment. The dollar strengthened despite weak US jobs data, supported by elevated Treasury yields and safe-haven demand. Diverging central-bank expectations and persistent bond volatility are likely to keep…

US stocks enter seasonally strong Q4 with bond yields, AI spending in focus

US stocks enter Q4 with strong seasonal support, but rising Treasury yields, elevated valuations and heavy AI spending create risks. The S&P 500’s direction will hinge on earnings, Federal Reserve policy, AI capital expenditure and November’s midterm elections, as investors weigh further gains against potential market…

Gold prices fall Rs 1,400/10 grams, but silver rises Rs 1,025/kg despite easing Fed hike bets. Check key levels to track

Gold and silver prices opened mixed on the MCX, with silver gaining while gold declined. Weak US economic data reduced expectations of a Federal Reserve rate hike in October, supporting precious metals. Spot gold and silver also rose. Analysts expect further gains if key resistance levels are breached, but advise…

RBI likely intervenes to support rupee, traders say

The Reserve Bank of India intervened in the foreign exchange market to support the rupee. This action was taken as the currency faced pressure from a stronger dollar and fluctuating oil prices. Traders reported that state-run banks were observed offering dollars, likely on behalf of the RBI. The dollar index increased…

Global Market: Japan’s Nikkei jumps 2.5% to 3-month high as AI stocks rally

Japan’s Nikkei surged 2.53% to a three-month high, led by AI and chip stocks following Wall Street gains. Advantest and Tokyo Electron rallied, while SoftBank also advanced. Easing expectations for a Federal Reserve rate hike supported sentiment, though investors remained selective amid a more cautious outlook for the…

Man sells ancestral land for Rs 8 cr, claims LTCG exemption; gets notice with Rs 6.36 cr additions

In the tax return that he filed, the man declared LTCG of Rs 7.73 crore after accounting for certain expenses. He claimed tax exemptions of Rs 2.64 crore under Section 54F, which relates to residential property, and Section 54B, applicable to agricultural property. However, the Assessing Officer (AO) was not satisfied…

Why Bajaj Finance needs to raise the bar for diluting equity

Bajaj Finance stock is down 4% so far in 2026 versus 14% drop in the Nifty 50 index. Equity dilution could put pressure on RoE and also restrict EPS growth by about 3%, if fundraising is done close to the current market price, in FY27

Yes Bank shares rise 3% after Q2 business update shows loans surging 24% YoY, deposits up 20%

Yes Bank shares rose after the lender reported a 23.8% YoY growth in loans and advances to around Rs 3.1 lakh crore in Q2 FY27. Deposits also grew nearly 20% YoY, signalling continued business momentum.