Day: August 13, 2026

A first in 16 years: US set to execute three death row inmates in single day

Jio Financial Services shares: Bank of America agreed to acquire up to 49.9% in its lending arm Jio Credit through a Rs 18,268 crore joint venture deal. The US bank will initially take 26.5%, with the stake potentially rising to 49.9% via warrants, subject to approvals. Jio Credit had an AUM of Rs 30,667 crore…

Lenskart shares rose after Q1 FY27 profit surged 182% YoY to Rs 228 crore, while revenue grew 34% and EBITDA jumped 61%. Margins also improved sharply, with product margin crossing 70%. Jefferies, Morgan Stanley and Goldman Sachs remain positive, citing strong growth, margin expansion and premiumisation, with target prices implying up to 22% upside.

As investors navigate Dalal Street, there’s a growing sentiment that large-cap stocks might soon reclaim leadership. Despite slight gains in the Nifty 50 index, small-cap segments have showcased remarkable dynamism. Recent mutual fund data indicates an ongoing fascination with high-risk small and mid-cap schemes. Interestingly, large-cap funds faced their first monthly outflow in two and…

Power ministry asks states to accelerate smart meter installation

South Korean shares surged, with the Kospi rising 3.73% to a three-week high, led by chipmakers SK Hynix and Samsung Electronics. Gains followed overnight strength in US AI stocks and reports of Temasek investments. Foreign investors bought $778.5 million of equities, while the won strengthened 0.38% against the dollar.

Japanese equities gained on Thursday, with the Topix hitting a record high and extending its seven-session winning streak. The Nikkei rose 1.6%, led by semiconductor stocks tracking US peers. Strong corporate earnings outlooks also supported sentiment, while financial stocks advanced. Investors remained encouraged by improved profit forecasts across Topix companies.

A parliamentary committee is increasingly scrutinizing whether the surge in oil and gas investments actually translates to higher domestic output. With a notable rise in capital expenditure, projections indicate a decline in crude oil production. The committee demands a comprehensive report detailing potential production benefits stemming from reforms, stressing the urgency of establishing clear performance…

US federal budget deficit hit a record $432 billion in July, taking the fiscal 2026 shortfall to $1.799 trillion in the first 10 months. Higher government spending and weaker tariff revenues have intensified pressure on the US fiscal position, with two months remaining in the fiscal year.

NEET-PG 2026 aspirants received incorrect SMS alerts regarding their allotted examination cities. A technical glitch caused the National Board of Examinations in Medical Sciences to send wrong messages. The board has since issued corrected SMSes and emails to affected candidates. Aspirants are advised to verify their exam city details on the official NBEMS applicant portal….