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Expenditures climbed 5.5% from June to Rs 1.93 lakh crore, which was a third higher than in July last year, the Reserve Bank of India (RBI) data showed. Net new card additions in July hit a five-month high at 425,000, taking the total tally to 111.6 million. The industry had reported a marginal contraction of 235 cards in June.

The General Insurance Council (GIC) has criticized the Association of Healthcare Providers India (AHPI) for discontinuing cashless hospitalization for Bajaj Allianz General Insurance and Care Health Insurance customers, deeming it disruptive and harmful. AHPI s decision, driven by disputes over reimbursement rates amid rising medical costs, will require patients to pay upfront and seek reimbursement later.

The decision to merge the two holding companies into one is not related to Jana s universal banking aspirations while this would only help improving efficiency through a leaner structure, managing director and chief executive officer Ajay Kanwal said.

The interlocutory application, filed through a Welspun subsidiary, also highlighted links between Valor s promoters and another defaulting debt-laden jeweller, links the plea claimed automatically disqualify the bidder to participate in any resolution process.

Rising bond yields have created an attractive entry point for long-term investors, surpassing bank fixed deposit rates. Experts suggest that current yields, particularly on the long end, offer a strong investment opportunity, especially on a post-tax basis. State Development Loan yields have also increased, presenting a compelling alternative for retail investors seeking stable and higher income with quasi-sovereign safety.

India s bond rally has ended, compelling Hudco and Bajaj Finance to withdraw bond sales due to elevated yields. Government bond yields surged to a five-month high following GST structure rejig fears and a shift in monetary policy. This has increased borrowing costs for state governments and corporations.

Rakesh Gangwal s family is set to sell a 3.1% stake in InterGlobe Aviation (IndiGo) through block deals valued at $801 million, priced at ₹5,808 per share, a 4% discount. This sale marks a continuation of Gangwal s gradual departure from IndiGo since stepping down from the board in February 2022, with a 150-day lock-up period agreed upon for further sales.

Nabfid plans to raise up to $1 billion through bonds and external commercial borrowings (ECB) this fiscal year, according to Managing Director Rajkiran Rai. Nabard also intends to issue its maiden ECB in FY26, having secured permission from the Reserve Bank of India, as stated by Chairman Shaji K V. Both institutions aim to bolster infrastructure and rural development funding.

Europe s IPO market is poised for a potential resurgence this fall, driven by multi-billion dollar businesses like Verisure and Shawbrook Group. Following a sluggish first half, improved market conditions are encouraging companies to pursue public debuts. Several major IPOs are anticipated, potentially raising billions and revitalizing European exchanges, with Stockholm emerging as a key listing venue.

Indian markets experienced a significant downturn on Tuesday, with both the Nifty and Sensex falling by over 1% due to the US imposing a 25% tariff. Except for FMCG, all sectoral indices declined, with realty, PSU bank, and consumer durables taking the biggest hit.