Vistara-Air India merger: How will flyers be impacted?

The merger between Vistara and Air India is approaching its final stages, with Vistara set to cease operations on November 11. This comes after the Indian government approved Singapore Airlines' foreign direct investment of Rs 2,058.5 crore in the Air India Group. Starting 3rd September 2024, customers will, progressively, no longer be able to make bookings with Vistara for travel on or after 12th November 2024. Read more here

Take a look at these key events

Today
New TRAI rules to come into effect
New credit card rules
GST payers with no valid bank account barred from filing GSTR-1
NDA and CDS Exam
Shivaji statue collapse: MVA to hold protest march
UAE launches two-month visa amnesty program
MahaRERA to launch new MahaCRITI website
Malaysia to increase visa filing fees for expatriates and dependants
Delhi Police to relaunch upgraded traffic mobile application
Toll fee at 25 toll plazas in Tamil Nadu to be hiked
Aero lounge at Kochi airport to be launched
Tomorrow
Jeyyam Global Foods IPO to open
Gala Precision Engineering IPO to open
India Manufacturing PMI
China Manufacturing PMI
Vedanta board to consider third interim dividend for FY25
Bengal govt special assembly session to pass anti-rape bill
Karnataka to implement ‘anywhere registration’ of property system
Karnataka HC to hear MUDA case
SC to hear plea over stopping of 'bulldozer justice'

Broader indices hit record high; 40 smallcaps give double digit return

The broader indices reached new record highs in the week ending August 30, though they underperformed compared to the main indices, which also surged to fresh all-time highs. This rally was fueled by positive global sentiment following the latest Jackson Hole meeting, where the outcome suggested a potential rate cut by the Federal Reserve in the upcoming September meeting. During the week, the BSE Midcap index, BSE Largecap index and BSE Smallcap index added 1.5 percent, 1.3 percent, and 0.6 percent, respectively. The BSE Small-cap index rose 0.6 percent with Bhageria Industries, NIIT, Gujarat State Petronet, Goodluck India, Datamatics Global Services, Godfrey Phillips India, Globus Spirits, Tata Investment Corp, RPSG Ventures, Geojit Financial Services, Ram Ratna Wires, Kamdhenu, Vimta Labs, JM Financial, Quick Heal Technologies rose between 16-33. Read more here

Bajaj Housing Finance IPO to open between September 9-11; to raise Rs 6,560 crore

The highly anticipated initial public offer of Bajaj Housing Finance, the first from the Bajaj group in several years will open between September 9 and September 11, according to the firm's red herring prospectus (RHP). The total issue size is Rs 6,560 crore (primary portion of Rs 3,560 crore and secondary portion of Rs 3,000 crore). The price band will be issued on September 3 while the anchor portion will be on September 6, according to the RHP filing. Read details here

Come September, don’t let these 7 changes surprise your wallet

A slew of changes are due In September, some of which could hurt your wallet if you’re not careful. Read on

Apple Glowtime Event

5 Apple Intelligence features coming to iPhone 16 models
Scheduled for September 9, the Glowtime event will see iPhone 16 series being unveiled. One of the key highlights of new iPhones will be the Apple Intelligence features. Details here

SIPs work in debt mutual funds too. Here’s why this is the right time to invest

Did you know that you could start SIPs in debt funds too? Debt funds too exhibit volatility (albeit, low) as they are prone to interest rate risks. Due to Rupee Cost Averaging, SIPs ensure that the volatility of the investment is reduced over the tenure of the investment. Read on