India’s foreign exchange reserves reached an all-time high of $729.328 billion. This surge marks eight consecutive weeks of significant increases in reserves. Foreign currency assets and gold holdings were the primary drivers of this substantial rise. Measures to attract overseas dollar inflows contributed to the record accumulation of reserves. The Reserve Bank of India’s interventions
IndiGo Ventures is investing in Sarvam, an Indian AI company. This investment supports Sarvam’s Series B funding round. The partnership aims to enhance customer experience and operational workflows. Both companies will develop AI applications for a modern airline infrastructure. This collaboration seeks to accelerate innovation and maximize stakeholder value.
India’s interest in the Northern Sea Route is being shaped by two factors: its commercial potential and the need to broaden trade connectivity. The NSR also offers a clear geographical advantage on certain Asia-Europe trade lanes.
Jio Platforms secured Sebi approval for its substantial $3.8 billion initial public offering. This significant approval paves the way for India’s potentially largest stock market listing. The company plans to offer new shares, raising approximately $4 billion for its operations. Proceeds will primarily be used to reduce debt at its telecom unit, Reliance Jio Infocomm.
Oil prices remained largely steady on Friday. Both Brent and WTI benchmarks were set for sharp weekly declines. Stalled US-Iran diplomatic talks and uneven Hormuz crude flows influenced traders. India’s MCX crude futures also traded lower on Friday. Market sentiment shifted as economic sanctions replaced military pressure.
The government has raised over Rs 62,000 crore through disinvestment and asset monetisation. This figure represents 78% of the full-year budget target for FY27. The Life Insurance Corporation stake sale contributed significantly to these proceeds. Other public sector entities also saw stake dilutions by the government. The strategic sale of IDBI Bank is currently being
Stock market recommendations: Siemens, Laurus Labs, and BHEL – Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One has picked these as the top stocks to buy today on August 28, 2026:
On Thursday, within a five-minute window after the start of CAS on BSE—between 3.18pm and 3.23pm—sensex crashed over 2,200 points and then within the next seven minutes—between 3.23pm and 3.30pm—it recovered nearly 2,000 points. It finally closed at 76,934 points, down 539 points from its Wednesday close. On NSE, things were relatively quiet. Between 3.18pm
