Author: Charlotte

Market snapshot: Lenskart Solutions Limited is set to join the MSCI India Standard Index during the August rebalancing today, August 31, 2026. While the raw alert claims Lenskart will see inflows of USD 343M (Rs 32.74B) (as stated in the source alert; not independently verified), secondary verified analyst estimates project passive fund inflows of approximately $352 million. This significant index inclusion comes on the back of exceptional financial performance during the first quarter of FY27, where proforma PAT rose 182% year-on-year. Data Snapshot Lenskart’s proforma net profit surged 182% year-on-year to ₹228 crore for the first quarter ended June 30,…

The crypto market continues to demonstrate the contrasting forces shaping the digital-asset industry, with renewed enthusiasm for NFTs and memecoins unfolding alongside another major decentralized-finance security incident. Three developments in particular are attracting attention: ACK’s launch of 9,999 Argonauts, the continued strength of Robinhood-listed memes with CASHCAT reaching a new all-time high, and an ongoing exploit targeting Moonwell on Base that has reportedly drained roughly $9 million. ACK’s Argonauts mint has emerged as one of the latest signs of renewed interest in digital collectibles. The collection consists of 9,999 NFTs minted at 0.12 ETH each, giving the launch a notable…

HSBC has highest equity allocationAmong the four schemes, HSBC has the highest equity allocation at 98.8%, followed by Invesco at 97%, WhiteOak at 96.8% and Edelweiss at 96.7%.Edelweiss has 3% in debt and 0.2% in cash, while Invesco holds a relatively higher 2.7% cash allocation alongside 0.3% debt. HSBC has 1.4% in debt and a marginal negative cash allocation as shown in the comparison.WhiteOak’s allocation is more diversified across instruments, with 1.6% in REITs and InvITs, 11.3% in debt and -8.9% cash, alongside its 96.8% equity allocation.MUST READ: PPFAS vs HDFC vs Kotak vs Aditya Birla Flexicap: How the top 4…

Reselling Tickets at a Premium Performance Act Loophole Leaves Scalpers Unchecked With the “Seoul International Fireworks Festival 2026” set to take place at Yeouido Hangang Park on September 5 next month, ticket scalping is rampant again this year. The dazzling fireworks of the Seoul International Fireworks Festival viewed from Namsan, Seoul, decorate the night sky. Photo by Mohonam View original image On August 30, dozens of posts were seen on major secondhand trading platforms offering to sell fireworks festival tickets at marked-up prices. One user on Bungaejangter was reselling two admission tickets, originally priced at 220,000 won each, for a…

Ripple just opened a desk that lets hedge funds trade Apple and the S&P 500 without owning a single share, and XRP holders are now asking whether their token plays any role in it at all.This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Ripple has spent more than a decade selling banks a faster way to move money. On August 27, its brokerage arm started doing something with no connection to payments at all. Ripple Prime opened a Delta One desk, which means a hedge fund can…

The Labor Department’s unemployment rate has been declining in recent months, reversing last year’s uptick, but an alternate measure tells a different story. In July, the official rate dipped to 4.1%, down from 4.2% in June and 4.5% in November. This coming Friday, the August jobs report will come out, and Wall Street expects the rate to hold steady at 4.1% while payrolls expand by 50,000, rebounding from a surprise loss of 23,000 in July. Despite weak job gains lately, the Labor Department’s metric for joblessness has been falling as retiring baby boomers and President Donald Trump’s immigration crackdown shrink…

Debt funds are divided into different categories based mainly on investment horizon, maturity and credit exposure. Shweta Rajani, Mutual Fund Head, Anand Rathi Wealth, explains that investors can choose from categories such as overnight, liquid, ultra-short duration, low duration, money market, short-term, medium duration and long-duration funds. Gilt funds invest entirely in government securities, while banking and PSU, corporate bond and credit risk funds have different levels of credit exposure. The key is to match the fund category with your investment horizon and ability to take credit risk. Understanding these differences can help investors select a debt fund that better…

Bitcoin wallets that had laid dormant for more than a decade are being revived. Six wallets that were last active between 2011 and 2014 moved around $40 million in the cryptocurrency between Aug. 16 and Aug. 26, CoinDesk reported Sunday (Aug. 30), citing data from Galaxy Research. One of the wallets had been inactive for 15 years, the report said, adding that these types of moves often trigger concerns that bitcoin’s earliest holders have begun to cash out. Still, the amount of dormant bitcoin moving on-chain declined during the second quarter to its lowest level since the third quarter of…

The bodies continue to wash up. But the morgues have already run out of room.Since the deadly floods coursed through the Himalayan valleys of Nepal and Tibet, the numbers of people killed have continued to rise. The bodies have surfaced in their hundreds and continue to be pulled from the thick, tar-like mud that engulfed everything after the flood waters receded. By Sunday, the death toll stood at 804 in Nepal and Tibet.Morgues across Nepal are already overflowing. Authorities say they are overwhelmed with the task of trying to identify the dead, many mangled beyond recognition and turning up miles…

Bybit has launched Perp Options, a new derivatives product the crypto exchange describes as the industry’s first options contract built on top of equity perpetuals, with SpaceX and Nvidia serving as the opening underlyings, according to a company announcement published on August 28. The first two markets, SPCX (SpaceX) and NVDA (Nvidia), are scheduled to begin live trading on September 17, 2026 at 20:00 UTC, with the instruments available to trade around the clock. How the New Contracts Work The options settle in USDT and carry a contract multiplier of 1, matching the mechanics Bybit already applies to its equity…