HSBC India profit rises 4% to $965 million in H1 2026, corporate and institutional banking drives growth

HSBC India’s profit before tax rose four percent in the first half of 2026. Higher revenue from corporate and institutional banking fueled this significant profit increase. The bank’s wealth and premier banking division, however, saw profits drop sharply. HSBC India also led in mobilising foreign currency deposits under a special RBI scheme. Globally, HSBC reported…

E20 fuel protests: Why India’s ethanol-blended petrol policy is under fire

India’s push for E20 petrol faces significant public and political opposition. Motorists express concerns about potential vehicle damage and reduced fuel efficiency. The government acknowledges minor efficiency dips but denies widespread engine failures. Auto manufacturers largely support the E20 blend, citing their own testing data. However, critics demand consumer choice and question the rapid nationwide…

Edelweiss Nifty REITs & Realty Index Fund, first-of-its-kind NFO to open on August 5. Key details investors should know

Edelweiss Mutual Fund is launching India’s first REITs-oriented index fund, the Edelweiss Nifty REITs & Realty Index Fund, offering investors diversified exposure to listed REITs and real estate companies through a single passive fund. The NFO opens on August 5 and closes on August 19, with the fund aiming to provide tax-efficient access to the…

Gen Z could unlock India’s Rs 315 lakh crore gold opportunity: Report

India’s gold market is poised for transformation driven by digitally savvy Gen Z consumers. This generation views gold as a flexible financial asset, fueling interest in digital products. Mobilizing household gold holdings could deepen financial markets and strengthen capital formation. The gold jewellery market is also at an inflection point, requiring innovation and omnichannel experiences….