4h ago
HDFC and Axis Mutual Fund lift subscription curbs on gold ETFs and gold ETF FoFs
HDFC Mutual Fund said it will resume subscriptions in the HDFC Gold ETF Fund of Fund from August 14, allowing lumpsum purchases and switch-ins without restrictions. Axis Mutual Fund said it will withdraw temporary limits on its gold ETF and gold fund, and will accept large-investor subscriptions above Rs 25 crores in Axis Gold ETF from August 18, 2026. Axis also said unrestricted lumpsum subscriptions and switch-ins in Axis Gold Fund will be accepted from August 18, 2026. Tata Mutual Fund and Aditya Birla Sun Life Mutual Fund have also moved to resume subscriptions in their gold-linked schemes.
4h ago
7h ago
Gold extends August rally with prices up over 16% as weaker dollar and safe-haven demand lift buying
International gold prices have jumped more than 16% in August, while MCX Gold Futures are up nearly 14%, supported by a weaker U.S. dollar, rising safe-haven demand and seasonal buying. Dollar softness reflects growing expectations that the Federal Reserve is nearing the end of its rate-hiking cycle. With inflation concerns easing, pressure on bond yields has moderated, improving the appeal of non-yielding assets such as gold. Longer-term factors including reserve diversification and dedollarisation continue to underpin a bullish outlook.
7h ago
8h ago
Tirupati Foam shareholders back eight AGM resolutions with 100% approval on Aug. 20, 2026
Tirupati Foam Limited said all resolutions at its annual general meeting were passed with 100% support, including approval of the financial statements, director reappointments, a dividend declaration, cost auditor remuneration, an independent director’s term and the disposal of assets in Noida. The company reported no dissenting or invalid votes. Separately, it said net profit in Q1 FY27 rose by nearly 60% year-on-year.
8h ago
11h ago
Paramount, California AG to hold Monday settlement talks over $111 billion Warner Bros. Discovery merger
Paramount is expected to meet with the California attorney general’s office on Monday to discuss a potential settlement over its $111 billion merger with Warner Bros. Discovery. California Attorney General Rob Bonta, joined by a 12-state coalition, sued in July alleging the deal would unlawfully narrow competition in theatrical distribution and basic cable. Paramount has pledged to make 30 films a year for the next three years and keep them exclusively in theaters for at least 45 days. The Writers Guild of America has filed a separate lawsuit that is set to be tried alongside the states’ case next March.
11h ago
13h ago
BlackBerry lifts fiscal 2027 outlook after quarterly revenue rises 26% to $152.9 million
BlackBerry reported quarterly results showing revenue rose 26% year over year to $152.9 million, while adjusted EBITDA jumped 144% to $36.3 million. The adjusted margin improved to 24% from 12%. The company said QNX revenue increased 26% to $72.3 million, with an adjusted gross margin of 86%. Management raised its fiscal 2027 revenue outlook to $594 million to $621 million and said it expects about $100 million in operating cash flow, with cash and investments totaling $422.9 million.
13h ago
13h ago
Ether breaks above $2,500 for first time since March after 30% five-day rally
Ether (ETH) rose above $2,500 for the first time since March after jumping 30% over the past five days and gaining another 9% today. The token spent most of August below $2,000, and its Aug. 19 move marked a 20% single-day surge, its biggest since May 2025. Over the same period, spot Ether ETFs logged more than $500 MILLION of net inflows across four straight days, the largest streak since September 2025. Even so, ETH remains 49% below its all-time high of $4,953 set in August 2025.
ETH
ETH+2.14%
13h ago