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Gold edged higher as the market weighs the outlook for monetary policy ahead of the annual gather of central bankers at Jackson Hole. The weakening economic activity induced some haven buying in the precious metals, snapping six days of declines, ANZ analysts wrote in a note to clients.

New orders for U.S.-manufactured capital goods increased in July, but the pace slowed from the prior month, while solid gains in shipments were also recorded in another sign that the economy continues to grow at a slow pace and was not in recession.

Last year, the RBI had barred three US-based card networks - MasterCard, American Express and Diners Club International - from issuing new cards in India as these companies were perceived to be noncompliant with local data storage rules.

Both the loans are in dollar denomination with a tenor of about three years. They will be priced after adding 125-150 basis points over the Secured Overnight Financing Rate (SOFR), a global rate gauge, people cited above said.

Derivatives and repo markets could well play a role in aiding the corporate bond market to gain momentum as those are billed as popular hedging tools for sophisticated investors betting on bonds sold by companies. "Beyond this, market development and improvements will remain a continuous exercise," he said.

While Axis Bank has formed a separate team to focus exclusively on this segment, Bank of Baroda (BoB) has brought in a co-lending partner to bring in sourcing expertise. IDBI Bank is increasing such loans organically with its offering, Sanjivani Express.

Adani had acquired majority stakes in both the cement companies from Holcim. The mandatory offers by Adani to purchase at least 26% each in ACC and Ambuja Cements will open on August 26 and close on September 9.

While the I-T Act can be used to claim tax on 10-year old undisclosed income, the Black Money (BM) Act empowers the tax department to go after assets that were acquired decades ago but discovered now.

Inflation, rising interest rates and crude prices have caused market declines in both equity and bond markets globally. There is no shortage of opinions linking high inflation/interest rates with low market levels. But is the negative relationship as straightforward as we think? Could there be room for nuance

The Dow Jones Industrial Average declined 10 points, or 0.03%. The S&P 500 fell 0.01% and the Nasdaq Composite was higher 0.08%.