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Four PMS strategies that spent the past year underwater finally beat their benchmarks in July. White Oak Capital, InCred Asset Management, Renaissance Investment Managers, and Drchoksey Finserv showed a strong comeback. Meanwhile, Aequitas India Opportunities Product remains a top performer despite a recent dip in its assets under management.
The Reserve Bank of India brought forward the deadline for its special FCNR(B) swap window to August 31. Banks can execute swaps against these deposits until September 11. This move followed inflows reaching $52.3 billion by August 13. The facility helps banks manage currency costs and reserves for NRI deposits.
Tube Investments expects full steel price recovery and margin improvement in FY27. The company reported a 15% profit drop to ₹168.6 crore for the quarter ended June 30, 2026. Management said the e-mobility business is “directionally past peak quarterly losses,” with one unit targeting a break-even point this year.
China’s economy started the second half sluggishly as industrial output, consumption, and investment missed forecasts. Industrial production grew 4.5% in July, while retail sales slowed to 0.6%. Lynn Song said, “It looks like a slate of disappointing data across the board.” Policymakers now face pressure to support growth and stabilise.
SEBI’s retirement guidance warns that expenses often stretch savings more than expected. Retirees should account for inflation, medical bills, and home repairs while building a corpus. SEBI’s 2025 Investor Survey found that supporting family members remains an important financial goal, so people must plan these costs to stay financially secure.
ICICI Securities issued a buy rating for LG Electronics India with a target price of Rs 1815. The company reported strong Q1FY27 results, as revenue grew 15.5% and PAT rose 27.2% year-on-year. Better product mix and cost discipline helped margins. Experts believe the firm is well placed to sustain this growth.
Juniper Green Energy received a Letter of Award from SECI for a 230 MW renewable energy project on Monday. The company won the bid at Rs 5.26 per unit in an e-reverse auction. This project will use solar, wind, and battery storage to provide reliable power across the national grid.
Zaggle Prepaid Ocean Services shares fell 20% to Rs 160.45 on Monday after Q1 profit dropped 32.9% to Rs 17.53 crore. Raj P Narayanam said, “Q1 FY27 marks an important inflection point for Zaggle.” While revenue grew, expenses from the Dice acquisition hit margins, causing the stock to hit the lower circuit.
JMJ Fintech reported a 72.48% rise in net profit to ₹1.97 crore for the April-June quarter. Assets under management surged 82.11% to ₹78.23 crore. The company also started a new digital lending platform called Money bro. Managing Director Joju Madathumpady Johny said this integration marks an important milestone for the firm.
Uflex shares rallied 16% to Rs 568.35 on Monday after the company reported a 630% jump in Q1 FY27 net profit to Rs 423.3 crore. Revenue grew 38% to Rs 5,366 crore. The firm saw its highest EBITDA margin in 21 quarters, helped by strong demand across key regional markets.
Japan’s economy grew at an annualised rate of 1.1% in the second quarter, missing the 2.0% forecast. Government data showed on Monday that weak household consumption and business investment slowed growth. Despite this, economists said the weakness is likely temporary, and bets on Bank of Japan rate hikes remain intact.
The Reserve Bank of India is actively intervening in the foreign exchange market to stabilize the rupee. Bankers said the central bank’s heavy presence keeps the currency within a narrow range despite volatile oil prices. "The RBI has appropriately intervened to cushion the impact of global volatility," said Tanay Dalal.