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Market News

Location American Market News for 29 August 2026
How Xi Jinping Turned Oil From a Weakness Into a Geopolitical Weapon Chinas crude reserves have given it huge power over the global oil market-and a critical new defense against the West.
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White House Teleprompter Operator Settles Insider-Trading Probe

Wall Street Journal - 29 Aug 2026 02:15
White House Teleprompter Operator Settles Insider-Trading Probe Gabriel Perez agreed to pay a penalty and give up winnings to the Commodity Futures Trading Commission.
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Money rules changing from September 1: ITR deadlines, KYC updates and cost revisions you need to know On September 1, LPG and ATF prices, along with banking charges, may change. Consumers should check local prices and bank fees to avoid unexpected costs. Important tax deadlines also impact taxpayers, with August 31 being...
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Dussehra bonus: Central govt employees demand 3x jump in ₹7,000 payment ceiling In a letter to the Cabinet Secretary, the National Council  highlighted that the central government's revision of the minimum wage to ₹21,000 per month alters the calculation formula
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Bank holidays in September: SBI, HDFC, other lenders to be closed for 14 days- check RBI calendar, unions' strike date In September 2026, banks in India will observe holidays based on regional celebrations, as per the RBI calendar. Customers should confirm local bank schedules before visiting, as not all holidays apply nationwide. Digita...
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EPFO 3.0: Centralised database, UPI and ATM withdrawal options, quicker settlement - Changes for subscribers, explained EPFO 3.0: Centralised database, more digital and online withdrawal options through UPI and ATM, quicker settlement times and more. Here's a look at the key features, and what changes for subscribers
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UPI transaction limits explained: From ₹1,000 to ₹5 lakh, how much can you transfer? NPCI and the RBI have permitted higher transaction limits for certain categories. These include tax payments, initial public offerings (IPOs), hospitals and educational institutions, among others
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8th pay commission meeting in Jaipur on Monday - Here is what's on the agenda and latest updates The 8th pay commission has scheduled a meeting in Jaipur from 31 August to 1 September to consult with employee groups and stakeholders before finalising recommendations. The announcement is expected latest by May 2027.
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Private credit offers up to 22% returns: Why the advertised gains may not be what you get Private credit offers higher returns but entails significant risks compared to traditional debt investments. Investors must evaluate underwriting practices, fund performance, and fees, while being mindful of liquidity an...
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Got ₹1 crore in ESOPs? You may need ₹22 lakh upfront before you can cash out Falling valuations coupled with delayed exits decrease certainty regarding when and at what price shares can be monetized
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NRI inheritance: You live abroad, your assets are in India - which country's laws decide who inherits? Under Indian law, asset classification dictates which legal framework applies when someone dies without a will (intestate)
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Sold house, personal assets, now living on rental income: Zee founder Subhash Chandra reveals his finances Troubled Essel Group and Zee founder Subhash Chandra has claimed that he is running expenses from income generated by renting out a portion of a small residential house that he owns. Here's what we know 
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₹10,000 per month in PPF or SIP? Which builds more wealth in 15 years - A comparison of post-tax return Rima invests in PPF, while Seema opts for an equity SIP. Rima's corpus may reach ₹32.5 lakh after 15 years, tax-free. Seemas final amount fluctuates based on market returns, potentially achieving up to ₹46 lakh a...
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PPFAS Mutual Fund announces feature changes across 5 funds, including flexicap, largecap The PPFAS mutual fund has announced change in allocations to five of its mutual funds, effective from 26 August. Check here for complete details of what has changed for customers
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From PPF maturity to tax: Rules, eligibility, and guidelines NRIs must know about this post office savings scheme The Public Provident Fund (PPF) is a government-backed savings scheme in India with a 15-year lock-in period. Check rules, eligibility, and guidelines that NRIs must know about this post office savings scheme.
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In your 20s? Follow these 5 simple money rules to build a strong financial future Check out five simple money rules for your 20s, including budgeting, building an emergency fund, investing early. These practical personal finance tips can help young earners develop stronger financial habits and prepare...
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SCSS + RBI Floating Rate Bonds: Check how ₹50 lakh can generate ₹4.07 lakh a year for seniors A ₹50 lakh retirement corpus split between SCSS and RBI Floating Rate Savings Bonds can generate around ₹4.07 lakh annual interest before tax, offering senior citizens predictable income and staggered payouts.
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DA hike explained: How much will your salary actually increase? Heres the simple calculation A DA hike of 3 percent or 4 percent does not mean an employees total salary will rise by the same percentage. Here we explain how to calculate your salary after a hike.
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Bermuda Fund, ₹1.8 crore penalty: How a crucial mistake helped Gurugram man beat Income Tax Dept in black money case The case concerns one Bhowmick, a resident of Gurugram, who invested about $300,000 in a Bermuda-focused global investment fund while in Singapore on May 19, 2015. He cashed it out on March 16, 2016 and received $ 3.14 l...
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Subhadra Yojana 5th installment: How to check Odisha govt's ₹5000 tranche payment status, beneficiary list The Odisha government released the fifth installment of the Subhadra Yojana on 28 August, disbursing ₹5,160 crore to eligible women. The annual payout of ₹10,000 is delivered via Direct Benefit Transfer.
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8th Pay Commission delay could cost lower-ranked staff up to ₹3.45 lakh in lost HRA and transport allowance The 8th Pay Commission delay could cost Level 3 to 6 central government employees up to ₹3.45 lakh in projected allowance losses, depending on implementation timing, fitment factor and revised HRA and transport allowan...
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How Dolly Parton Built an Empire on Owning Her Songs

Wall Street Journal - 29 Aug 2026 11:00
How Dolly Parton Built an Empire on Owning Her Songs Plus, Kevin Warsh is putting a September rate hike in play, and the strongest El Niño in a generation is wreaking havoc on the global economy.
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