📰 Latest Economy & Stock Market News
Copper hits over six-month high as LME supply concerns mount
Updated at : 2026-08-17 23:20:02

Copper prices reached their highest level in over six months on Monday. This surge occurred as London Metal Exchange inventories dropped significantly. Meanwhile, stocks in Comex warehouses have climbed substantially since last year. Other industrial metals also saw gains, supported by a weaker U.S. dollar.

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ICICI Bank raises $750 million as Indian banks tap dollar bond market
Updated at : 2026-08-17 22:20:02

ICICI Bank raised $750 million through five-year dollar bonds at 105 basis points over US Treasuries, marking its second dollar issuance in a month. Strong institutional demand helped tighten pricing, while Kotak Mahindra Bank and Yes Bank prepare international bond issues.

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Bain Capital sells 5.64% unitholding in Embassy Office Parks REIT for Rs 2,325 crore
Updated at : 2026-08-17 21:20:02

Bain Capital recently sold a 5.64% stake in Embassy Office Parks REIT for Rs 2,325 crore, offloading more than 53 million units. In response, Embassy REIT is gearing up to purchase between ten to twelve million square feet of additional office space, while also developing 6.2 million square feet of new office environments. The company celebrated a 17% yearly growth in net operating income, highlighting its strong performance.

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US stocks: S&P 500 opens muted as Middle East tensions weigh
Updated at : 2026-08-17 20:20:02

Stock markets opened with caution on Monday as investors considered renewed US-Iran tensions. The Dow Jones Industrial Average saw a slight decrease at the opening bell. Meanwhile, the S&P 500 experienced a modest rise in early trading. The Nasdaq Composite also climbed higher during the opening session. A strong revenue forecast from AI lab Anthropic provided some support for tech stocks.

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Michael Burry revives AI warnings, Big Short investor says 'You could have heard it first'
Updated at : 2026-08-17 19:20:02

Michael Burry revived his AI bubble warnings after a report highlighted roughly $3 trillion in disclosed commitments by technology giants for AI infrastructure. He argued these off-balance-sheet obligations could signal excessive investment, echoing concerns over stretched valuations and market exuberance.

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Puravankara Q1 Results: Revenue surges 63% to Rs 877 crore; PAT at Rs 25 crore
Updated at : 2026-08-17 18:20:02

Puravankara posted impressive Q1 FY27 results with a remarkable twenty-eight percent rise in pre-sales. Year-on-year, total revenue soared sixty-three percent, hitting eight hundred seventy-seven crore. Profit after tax rebounded to a positive figure, showcasing a strong turnaround from the previous year. The company successfully delivered seven hundred forty-five homes, sustaining its operational pace, while significantly boosting its Bengaluru land transactions with an added GDV of five thousand two hundred crore.

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Sebi chairman says cyber defence must move from IT issue to boardroom priority
Updated at : 2026-08-17 17:40:02

Sebi Chairman Tuhin Kanta Pandey said cybersecurity must evolve into board-level cyber resilience, requiring continuous vulnerability management, tested recovery plans and risk-based patching. He also urged financial institutions to begin migrating toward post-quantum cryptography as quantum threats challenge existing security systems.

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Quote of the day by Robert Shiller: "The problem with the markets is that they are just like people, and individual investors can easily get confused."
Updated at : 2026-08-17 17:35:02

Robert Shiller’s insight shows how investor psychology shapes markets alongside economic fundamentals. Fear, optimism and herd behaviour can create confusion and impulsive decisions. Staying focused on financial goals, investment horizons and fundamentals can help investors navigate volatility with greater discipline.

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Reliance Industries share price: Morgan Stanley reiterates positive view after Rolls-Royce partnership plan
Updated at : 2026-08-17 17:30:03

Morgan Stanley retained its positive view on Reliance Industries after its partnership with Rolls-Royce to develop indigenous combat engines for India’s AMCA programme. The brokerage said the move reinforces Reliance’s evolving strategy.

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