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Euro zone bond yields saw little change. Investors are waiting for the European Central Bank’s policy announcement. They are also watching for key economic data from the United States. Uncertainty about U.S. tariffs is impacting the economic outlook. U.S. inflation data could shift expectations for the Federal Reserve’s policy. Germany’s 10-year bond yield slightly decreased.
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Forum Malls, part of Prestige Group, plans to open 14 new malls in Delhi, Mumbai, Bengaluru, Chennai and Hyderabad by 2029, nearly doubling its portfolio from 11 centres. CEO Muhammad Ali said metros offer stronger growth than tier-II cities. The company will also launch India’s first athleisure-focused mall near Bengaluru airport by 2027 to tap rising urban demand.
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Kalpataru Projects International and its subsidiaries secured new orders. The orders are worth Rs 2,720 crore. These projects span Power Transmission & Distribution and Buildings & Factories. The company’s total order intake for FY26 reached Rs 12,620 crore. This development promises significant future growth. Manish Mohnot, MD & CEO, expressed delight at the strong ordering momentum.
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Bitcoin traded around $114,132 on Thursday. It consolidated between $104,000 and $114,000 after reaching a record high in mid-August. Experts suggest this range indicates a typical post-euphoria phase. Volatility is high, but long-term trends are uncertain. Ethereum traded at $4,405. The overall cryptocurrency market capitalization stood at around $3.96 trillion. Market shows resilience as the U.S. dollar softens.
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Indian bond yields surged in August, particularly for long-term and state government securities, driven by demand-supply issues and fiscal concerns. Despite a sovereign rating upgrade from S&P, worries about GST rationalization and fiscal deficits persist.
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