STANDARD GAUGE
Loan growth, fall in provisions help SBI profits in Q2
State Bank of India reported a 14% year-on-year rise in Q2 FY27 net profit to Rs 23,038 crore, driven by 18% loan growth, higher net interest income, lower deposit costs and reduced loan loss provisions.
Charting the global economy: Central banks hold rates steady
Global central banks have opted to keep interest rates unchanged amidst growing inflation worries stemming from energy costs. While the Federal Reserve and the European Central Bank signaled potential hikes during their December meetings, the US economy displays robust growth from business investments and consumer activity.
Global Market Today: Asian stocks advance on resurgent AI optimism
The MSCI Asia Pacific Index rose 0.6%, as benchmarks in Australia, Japan and South Korea advanced. The Kospi Index rose 2.6%, with SK Hynix Inc.’s stock climbing after the company reported operating profit that beat estimates. The chipmaker is planning a total of 100 trillion won ($75.4 billion) in shareholder returns for 2026.
US IPO Process: How companies navigate the road to Wall Street listing
Anthropic's potential US stock market listing has brought the IPO process into focus, from regulatory filings and confidential reviews to investor roadshows, pricing and share allocation. The process typically takes three to six months, with market conditions and investor demand influencing the outcome.
Global Market Today: Asian stocks slide after US tech rout
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment stayed weak as contracts for the Nasdaq 100 Index fell 0.3% in early Asian trading.
Treasuries see best day in over a year as AI selloff revives haven demand
US Treasury bonds surged as a sharp selloff in AI-linked stocks revived demand for safe-haven assets. Treasury yields posted their biggest declines in more than a year, despite Brent crude rising above $112 a barrel. Investors also scaled back expectations for a December Fed rate hike amid growing concerns over AI spending and US growth.
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Gold price falls Rs 2,000/10 gram; silver plunges Rs 6,000/kg as traders eye US Fed meet next week. Buy, sell or hold?
Gold and silver prices fell sharply on the MCX on Thursday, with gold declining Rs 2,000 per 10 grams and silver dropping Rs 5,700 per kg. Investors are tracking the US Federal Reserve’s upcoming policy meeting and inflation data, while analysts advise long-term investors to accumulate gradually and traders to await stability.
Giant 'heat storms' are scorching the Earth. This is the story of the biggest one on record
Heat storms have increased dramatically, causing severe global consequences including excess deaths and environmental catastrophes. Recent heat storms have been identified as a new classification, representing larger and more persistent heat events. The intensity of these heat storms has worsened due to climate change and greenhouse gas emissions. Associated weather patterns have significantly disrupted ecosystems and agriculture worldwide.
Will analysts' predictions go wrong? 15 auto stocks with upside potential of up to 50% to as low as negative 1%
For anyone trying to figure out where the economy is headed in the next six months, the numbers to watch will come from auto showrooms. The auto sector has, for long, provided the earliest indications of the health of the economy. And the sales numbers it puts out ahead of the festive weeks are where the correlation is best seen. So, keep a close watch on the auto pack.
In 1990, Switzerland crushed an old A13 road and reused 66% to 100% of it in new concrete; 20 years later, every recycled test mix was still rated good or very good
New research highlights the impressive durability of Swiss highways built with recycled concrete over several decades. The A13 motorway took the lead, using up to 100 percent recycled materials while matching the performance of virgin concrete. While American states are beginning to experiment with recycled aggregates, implementation has not yet matched Switzerland's extent. This successful model could reshape future infrastructure investments in the U.S.
Why is Trump redirecting $2 billion into $90 Medicare checks, and who qualifies for the payment?
President Donald Trump has announced one-time $90 payments for more than 20 million Medicare Part B enrollees. The White House says the money will come from the Medicare Improvement Fund, which has about $2 billion available. Most eligible recipients are expected to receive the payment in October, without filing a separate application.
Global Market Today: Asian shares rise as tech stocks lead, bonds in focus
The MSCI Asia Pacific Index climbed 0.6% with stocks in Japan and South Korea gaining. The moves came after gains for a key gauge of US semiconductor shares, while President Donald Trump rejected regulations on artificial intelligence.
In 1871, Switzerland put a toothed rail between normal train tracks so carriages could climb steep Mount Rigi; 155 years later, the same system still works
Since 1871, the distinctive rack-and-pinion grip system on Switzerland's Rigi railway has revolutionized mountain travel. Created by engineer Niklaus Riggenbach to address slippage on steep inclines, this innovation has efficiently ferried tourists to an impressive height of 1,797 meters. With similar railways emerging across Europe, ongoing enhancements like modern electric railcars ensure this historic line remains a vibrant link to the past.
The colored cap on a US fire hydrant can tell firefighters how much water it can deliver: Blue means 1,500+ gallons a minute, while red warns of under 500
Fire hydrants are marked with color codes that indicate the water flow rates they can provide. A light blue cap means a hydrant can flow more than 1,500 gallons per minute. The National Fire Protection Association has established a four-color system for hydrants to help firefighters respond efficiently. Local fire departments often adopt this color scheme, but compliance may vary across different regions.
Italian proverb of the day: “Those who have bread have no teeth, and those who have...” — What can this famous Italian saying teach us about missed opportunities, relationships, empathy and life’s uncertainties?
Italian proverb of the day: “Those who have bread have no teeth, and those who have teeth have no bread” puts a familiar frustration into just a few words. Sometimes the opportunity arrives when we are not ready, and sometimes we are ready when the opportunity is gone. The saying opens a deeper look at missed chances, bad timing, comparison, acceptance and the parts of life that simply do not fall into place when we expect them to.
India’s CTV and FAST players explore formation of industry council
Senior executives from India's Connected TV and FAST sectors met to discuss forming a new industry council. This proposed India Connected TV & FAST Council aims to improve transparency and foster growth. Participants stressed the need for an independent and inclusive industry institution. Discussions covered standards, measurement, and policy engagement for the growing ecosystem.
Qualiance International SME IPO opens today: GMP signals 43% listing gain — Check key details
Qualiance International’s Rs 45.11-crore SME IPO opens September 4, with a 43% grey-market premium indicating strong listing expectations. The issue will fund a new Tiruppur manufacturing facility. FY26 revenue rose 47% and profit surged 142%, highlighting strong financial growth. Shares are expected to debut on the NSE SME platform on September 11.
MSCI rebalancing threatens to turn ‘Messy’ in new Indian auction
This Monday marks a critical juncture for India's new closing auction system, as it gears up to manage an influx of billions in passive fund trades. The quarterly MSCI index rebalancing is expected to catalyze heightened trading volume, putting the system’s reliability under scrutiny. Both market participants and regulators are keenly awaiting how smoothly it addresses large institutional orders in this high-stakes environment.
Gold prices slip Rs 5,000/10g in 4 days; silver falls Rs 1,200/kg today ahead of Kevin Warsh’s Jackson Hole speech. Buy, sell or hold?
Gold prices have fallen Rs 5,000 per 10 grams in four sessions, while silver prices declined Rs 1,200 per kg on Friday. With U.S. Fed Chair Kevin Warsh set to speak at Jackson Hole, markets are watching for signals on interest rates and their potential impact on precious metals.
That tiny arrow beside your car’s fuel gauge isn’t decorative; it tells you exactly which side of the vehicle the gas cap is on
A small arrow on the fuel gauge of your vehicle signifies which side the fuel door is located. This innovative idea was born from a Ford designer’s frustration back in 1986. Today, this simple symbol is a standard inclusion in cars, offering invaluable assistance to drivers who might be using an unfamiliar or rental car, thus saving time and eliminating the guesswork at the fuel station.
India set to become exporter of forged wheels used in railways: Ashwini Vaishnaw
The Integral Coach Factory here has achieved the distinction of producing over 73,700 coaches since its inception in 1955 which is the highest by any passenger coach manufacturer in the world. ICF has exported more than 875 coaches and components to Thailand, Burma, Taiwan, Zambia, Vietnam and other countries totalling about Rs 1,004 crore of trade.
Siemens awarded Rs 26,000 crore tender for supplying and maintaining 1200 freight trains
Siemens will also provide training to Railway Staff at Dahod for manufacturing and at four depots at Vishakhapatnam, Raipur, Kharagpur and Pune for maintenance of the locomotives over the design life of 35 years. It will also ensure 95% availability and 1,50,000 km of trouble-free operation of locomotives before any maloperation can take place as the guaranteed Key Performance Indicators (KPIs), the statement added.
Alstom wins bid to supply 312 metro cars for Delhi metro
Alstom will be manufacturing, supplying, testing, and commissioning 312 standard gauge metro cars for the fourth phase expansion of the Delhi Metro. A statement from Alstom said that the order, worth €312 million includes Design and manufacturing of 234 standard gauge metro cars for plying on the extension of Delhi metro’s Pink, and Magenta Lines.
Kenya denies defaulting on China railway debt
The $5 billion project, financed 90 percent by China, replaced the so-called "Lunatic Express" -- a line built more than a century ago by colonial power Britain which was notorious for lengthy delays and breakdowns. Kenya's Business Daily reported that the government failed to repay interest on the loan in the financial year ended June, attracting a fine of 1.312 billion Kenyan shillings ($10.8 million).
China keeps key Eastern African state of Kenya on tenterhooks
The Kenyan Treasury says it decided not to seek an extension of the debt relief beyond June 2021 and claimed that Kenya was fully paying the Exim Bank of China, which had funded the construction of the SGR. Chinese lenders, especially Exim Bank, were uncomfortable with Kenya’s push for extension of the debt service suspension with the developed nations.
Railways to begin efforts to increase speed of Kalka-Shimla trains next week
This is the first time the railways is trying to bump up the speed on the route, which will reduce the journey time between the two stations by at least an hour.
Broad-sized coaches to ply on standard gauge Magenta Line: DMRC
Senior DMRC officials also said all coaches to be introduced under Phase-III of the Delhi Metro rail network would be broad-sized only.
DMRC to construct Jaipur Metro Rail
The DMRC will construct the Standard Gauge Metro Rail in Rajasthan's capital Jaipur, its first independent project outside the National Capital Region since its inception.
DMRC unveils India's first standard gauge maintenance depot
The DMRC today unveiled the country's first standard gauge train depot that boasts of various facilities like state-of-the-art automatic train washing plant.
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