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To reach a target of Rs 3 crore, you need to invest Rs 15,000 monthly along with a Rs 1 lakh lumpsum. If your money grows at 12% per annum, it will take 25 years and 10 months to reach this goal. Always check your financial plans before you start investing.
The central government notified the ₹1,27,500-crore Semicon 2.0 scheme on Monday, August 31. This plan aims to build a full-stack semiconductor ecosystem in India. IT Secretary S Krishnan said, "The objective of the scheme is self reliance and fostering a globally competitive industry." A high-level panel will now identify strategic chips.
US stock futures fell as rising crude oil prices and inflation worries gripped the market. A recent report showed hotter than expected inflation, pushing traders to bet on a rate hike. Fed Chair Kevin Warsh said, "policymakers may need to increase interest rates if inflation doesn't ease to the target."
Mahindra Aerostructures on Monday said it secured a contract from Airbus to manufacture fuselage skins for A320 aircraft. The parts will be made in Bengaluru for delivery by 2028. Jurgen Westermeier said, "Mahindra is playing a pivotal role in deepening India's aerospace footprint and further driving the vision."
OIL Green Energy Limited signed MoUs with four Haryana municipalities to build integrated waste-to-energy projects. These plants in Gurugram, Faridabad, Hisar, and Ambala will process 5,000 tonnes of waste daily. The initiative aims to produce clean biogas and green power, helping the state manage waste while supporting India’s circular economy goals.
Adani Group Chairman Gautam Adani on Monday called for a fundamental overhaul of infrastructure rating frameworks in Mumbai. He said, "The sophistication of our rating frameworks must evolve alongside the sophistication of what India is building." He argued that current models fail to capture the value of interconnected project ecosystems.
Aon will buy rival USI Insurance Services in a $17 billion deal from private equity firm KKR, the insurance brokerage said on Monday. Aon CEO Greg Case said, "Combining with USI will establish the premier U.S. middle-market platform." The transaction is expected to finalize in the fourth quarter of 2026.
Crude oil prices crossed $90 per barrel in August, threatening corporate margins for H1FY27. JM Financial said, “renewed crude pressure and elevated input costs have re-emerged as key risks.” While metal prices and inflation rose, the domestic economy stayed resilient as auto sales and bank credit growth showed strong numbers.
India’s GDP growth accelerated to 7.8 per cent in the first quarter of FY27. Data from the Ministry of Statistics and Programme Implementation showed manufacturing and investment demand drove this performance. Finance Minister Nirmala Sitharaman said, “Reforms undertaken by the NDA Government, together with an agile management, are bearing results.”
Kotak Mahindra Bank recommended two internal candidates to succeed CEO Ashok Vaswani when his term ends on 31 December 2026. The bank submitted executive directors Anup Saha and Paritosh Kashyap to the Reserve Bank of India for approval. This move started the process to find a new leader for the bank.
The Pension Fund Regulatory and Development Authority introduced a standardised framework for NPS schemes in a circular dated 28 August. This move helps subscribers compare investment choices easily. Schemes now fall into five clear categories based on equity exposure. Pension funds must rename and reclassify their existing schemes within 30 days.
Groww Asset Management completed State Street’s strategic investment in its business after getting regulatory approvals. The deal, valued at ₹580 crore, gives State Street a 23 per cent economic interest. Harsh Jain said, “Having State Street Investment Management as an investor and partner brings valuable global experience and perspectives.”