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💰 Explore the latest business news covering markets, companies, startups, economy, finance, investments and major corporate developments in India and around the world.

Fed Holds Interest Rates Steady as Warsh’s Inflation Message Leaves Markets Uncertain

The U.S. Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% on Wednesday, July 29, as a divided policy committee weighed persistent inflation pressures against a steady labour market. Fed Chair Kevin Warsh reiterated the central bank’s commitment to bringing inflation back to its 2% target, but offered few clues about whether rates could rise at the next meeting.

Manipal Health IPO Opens: ₹9,275 Crore Issue, GMP, Allotment and Listing Details

Manipal Health IPO opened for public subscription on Wednesday, July 29, 2026, with Manipal Health Enterprises Ltd seeking to raise around ₹9,275 crore through its maiden public offering. The Bengaluru-based hospital chain, backed by Temasek and Ranjan Pai, has launched one of the largest healthcare IPOs in the Indian primary market. The three-day issue will remain open until July 31.

City Union Bank Q1 Profit Rises 25% to ₹383 Crore, NII Jumps 31%

City Union Bank Q1 results showed a strong start to FY27, with the private sector lender reporting a 25% year-on-year rise in net profit to ₹383 crore for the quarter ended June 30, 2026. The bank had reported a net profit of ₹306 crore in the corresponding quarter of the previous financial year. Strong growth in lending income, a sharp improvement in net interest income and better asset quality supported the bank’s performance during the quarter.