Business
Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral
RBI took steps to attract overseas investors into government bonds and equities, provided public sector units time-bound incentives to raise external commercial borrowings (ECB), and agreed to bear the hedging cost on fresh three- to five-year FCNR(B) deposits, among other measures.
“As a result of these measures on FCNR(B) and ECBs, and initiatives taken by the government on bonds and trade agreements, we are quite confident of a very healthy balance of payments, compared to what it would have been otherwise,” said RBI governor Sanjay Malhotra at the post-policy press meet.
The central bank revised inflation forecast upward to 5.1%, from 4.6%, and lowered its growth forecast for FY27 to 6.6%, from 6.9% projected in the previous policy.
“Adverse implications of extended disruptions in supply chains and elevated energy prices are reflected in moderation of growth and increase in inflation projections from the April policy,” the governor said, while revising forecasts in his second policy following the West Asia crisis. He stated that “although risks of higher inflation have amplified, the MPC felt it would be prudent to wait for greater clarity to emerge.”

The measures to attract inflows come amid outflows of $13.7 billion by foreign institutional investors from the equity market and are likely to support the rupee, which has fallen 4.1%, or about four rupees, since the start of the US-Iran conflict.Malhotra said he expects strong inflows but declined to put a number to them while adding that he expects banks to pass on the benefits of lower hedging costs to customers. Chairman State Bank of India CS Setty said, “These steps should help enhance capital inflows, deepen bond markets, improve liquidity and provide support to the rupee.”
Soumya Kanti Ghosh, group chief economic adviser, State Bank of India, said the measures would result in a potential capital flow of at least $40 billion, a pullback in the rupee toward 92-93 levels, and a pause in the August policy.
Madhavi Arora, chief economist, Emkay Global Financial Services, expects inflows of $30-50 billion over the year, while Aastha Gudwani, chief economist at Barclays, said the measures could add about $5 billion a month.
Economists said the policy is supportive of growth but has overlooked rising inflation risks. These would stem from higher oil prices following the West Asia crisis.
However, the governor defended the stance, stating that the 4% inflation target is “not in abeyance” and remains “sacrosanct.”
“This target is to be met over a period. It is a medium-term target, and it is not advisable to take action for every small deviation, as that could have disproportionate consequences for growth,” Malhotra said. The governor highlighted that the economy is facing uncertainty over the nature and duration of the conflict, as well as the time needed for the restoration of supplies. He also noted uncertainty around the monsoon and the impact of El Niño, both of which have implications for inflation and growth.
The NSE Nifty 50 index declined 0.21% to 23,366.7. The 10-year government bond yield fell four basis points to close at 6.97%, while the rupee gained 84 paise to close at 94.95 on Friday.
Upasna Bhardwaj, a senior economist at Kotak Mahindra Bank, expects a 50-basis point rate hike in October, while Arora said RBI will raise rates only if inflation becomes entrenched. The governor reiterated that RBI would “look through” shocks unless inflation becomes broad-based and persistent or starts getting embedded in expectations.
On the upward revision in inflation forecasts, RBI said in its statement that the pass-through of higher oil prices could exert upward pressure in the coming months as firms pass on input costs.
Business
Earnings season takeaways: resilient, but for how long?

Earnings season takeaways: resilient, but for how long?
Business
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1538 ET – Oil futures pull back after three straight sessions of gains, with a tentative ceasefire agreement between Israel and Lebanon suggesting possible support for U.S.-Iran talks. “The problem is that Iran-backed Hezbollah is not part of the agreement,” Arlan Suderman of StoneX says in a note. Recent data show some ships getting through the Strait of Hormuz, he notes. “The increased passages does not come close to erasing the energy deficit, but it does help for the time being. Nor do we see production being restored in the region.” WTI settles down 3.1% at $93.04 a barrel. Brent falls 2.8% to $95.03.(anthony.harrup@wsj.com)
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
COPT Defense Properties: Unique Property Niche Makes Shares A Gem
COPT Defense Properties: Unique Property Niche Makes Shares A Gem
Business
9 Business Ideas To Earn Money Today Without Capital
Many people believe that starting a business always requires money. While having capital can certainly help, it is not always necessary. In reality, there are many ways to start earning income using only your time, skills, and creativity.
If you are currently struggling financially and need to earn money immediately—even within the same day—there are several simple business ideas you can start right away without spending anything.
The key is to focus on services instead of products. Services rely on effort rather than capital, which means you can start immediately using what you already have.
Here are nine practical business ideas you can try today if you need to earn money quickly without any upfront investment.
1. Offer Errand Services
Many people are simply too busy to complete everyday tasks. This creates an opportunity for you to earn money by offering errand services.
You can help people with tasks such as:
- Buying groceries
- Picking up packages
- Paying bills
- Dropping off documents
- Waiting in line for services
Start by offering your service to neighbors, coworkers, or friends through social media. Even charging a small service fee can quickly add up if you complete multiple errands in a day.
Since this only requires your time and willingness to help, it is one of the easiest ways to earn money immediately.
2. Sell Unused Items Online
One of the fastest ways to earn money within the day is by selling items you already own but no longer use.
Look around your home and identify things such as:
- Clothes you rarely wear
- Old gadgets or accessories
- Books
- Kitchen tools
- Unused decorations
Take clear photos and post them on Facebook Marketplace, community groups, or messaging apps. Price them slightly lower than market value to attract buyers quickly.
Many people manage to sell items within hours, especially if the price is reasonable.
3. Offer Cleaning Services
Cleaning services are always in demand. Many homeowners would gladly pay someone to help clean their house, yard, or garage.
You can offer services such as:
- Basic house cleaning
- Garage organizing
- Yard sweeping
- Dishwashing
- Laundry assistance
Start by posting in local Facebook groups or messaging neighbors. Since this type of service requires effort rather than capital, it is perfect for earning money quickly.
Even a single cleaning job can bring immediate income on the same day.
4. Become a Local Delivery Helper
With the rise of online selling and food deliveries, many small sellers need help delivering items to customers.
If you have a bicycle, motorcycle, or even just the ability to walk short distances, you can offer delivery services for local sellers.
Message online sellers in your area and offer to deliver their orders for a small fee. Some sellers are happy to outsource deliveries because it saves them time and effort.
This can quickly turn into multiple delivery tasks in one day.
5. Offer Basic Tech Help
Not everyone is comfortable with technology. Many people need help with simple tasks like setting up apps, installing software, or fixing small phone or computer issues.
If you have basic tech knowledge, you can offer help such as:
- Installing applications
- Setting up email accounts
- Cleaning phone storage
- Troubleshooting slow devices
- Teaching basic smartphone usage
Even simple tech assistance can be valuable to those who struggle with digital devices.
You can charge a small service fee and finish multiple tasks within the same day.
6. Offer Writing or Typing Services
If you have access to a computer or smartphone and can type quickly, you can offer writing or typing services.
Examples include:
- Typing handwritten notes
- Creating simple documents
- Transcribing audio recordings
- Writing short social media captions
Students, small businesses, and content creators often need quick help with these tasks.
Promote your service on social media or among friends who might need assistance.
7. Pet Sitting or Dog Walking
Pet owners sometimes need someone to watch or walk their pets while they are busy or away from home.
You can offer services such as:
- Dog walking
- Pet feeding
- Short-term pet sitting
- Cleaning pet areas
This can be a fun and easy way to earn money while spending time with animals.
Ask neighbors or post in community groups to find pet owners who need help.
8. Offer Simple Tutoring
If you are good at a particular subject, you can offer tutoring services to students who need help.
This could include:
- Basic math tutoring
- English conversation practice
- Homework assistance
- Exam preparation
You do not need to be a professional teacher. Many parents simply want someone patient who can help their children understand lessons better.
Even short tutoring sessions can provide immediate income.
9. Social Media Posting for Small Businesses
Many small businesses want to promote their products online but do not have the time to manage their social media pages.
You can offer simple services such as:
- Posting product photos
- Writing captions
- Replying to basic messages
- Sharing posts in groups
If you already spend time on social media, this can easily become a small service business.
Start by contacting small online sellers and offering affordable help managing their posts.
When money is tight, the most important thing is to focus on action instead of waiting for the perfect opportunity. Many successful entrepreneurs started with nothing but determination and a willingness to work.
The good news is that earning money does not always require large investments. By offering useful services, helping others solve small problems, and using the skills you already have, it is possible to start earning income immediately.
Try one or two of these ideas today and see which works best for you. Sometimes, the simplest opportunities can lead to bigger business ideas in the future.
Remember, every successful business once started with a single small step.
Business
Cairn: Vedanta plunges 5.59 per cent on LSE amid talks to buy Cairn stake
In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive note, but soon swung into the red.
The broader market was also weak and the benchmark FTSE 100 was trading at 5,248.95, down 0.32 per cent in the late afternoon session.
On the other hand, Cairn Energy Plc climbed 1.41 per cent and was being quoted at 4.59 pounds on the LSE.
In India too, Vedanta Group firm Sterlite Industries sank by over 4 per cent to close at Rs 160.70 on the Bombay Stock Exchange. Sterlite was the biggest loser in the Sensex pack today.
In contrast, Cairn Energy Plc’s Indian arm, Cairn India, surged by over 5 per cent to hit its highest-ever level of Rs 358 on the BSE. The scrip ended with a gain of 355.45, up 4.36 per cent.
Vedanta Resources Plc is in talks to acquire a majority 51 per cent stake in Cairn India for about USD 8-8.5 billion (nearly Rs 40,000 crore) and a deal may be announced on Sunday evening or Monday.Scottish explorer Cairn Energy Plc, which holds a 62.37 per cent stake in India-listed Cairn India, is seeking up to a 20 per cent premium for passing on the controlling stake, two persons in-the-know of the development said.
Agarwal “is meeting Cairn Energy Plc Chief Executive Bill Gammell in London today and the deal is likely to be announced as early as Sunday evening or on Monday,” one of them said.
The deal will be contingent on government approval, as Cairn’s three producing oil and gas assets, including the giant Rajasthan fields, and seven exploration blocks either have explicit provisions for seeking prior approval before the transfer of interest or gives pre-emption, or the right of first refusal, on any shares being sold to partners like ONGC.
Business
McDonald’s tests AI order-taking system ArchIQ at five US locations
Ed Rensi on Yum! Brands Habit Burger acquisition and McDonald’s culture change
McDonald’s customers may soon be giving their order to a robot.
The fast food company is testing a new artificial intellience order-taking system at the drive-thru called ArchIQ at five locations across the country right now, according to Restaurant Business Magazine.
The initiative is part of the company’s new brand strategy called McDonald’s Next, which was announced this week.
FOX Business has reached out to McDonald’s for comment.
MCDONALD’S UNVEILS NEW GROWTH STRATEGY TO WIN BACK CUSTOMERS

McDonald’s is testing a new A.I. order-taking system at the drive-thru. (Artur Widak/NurPhoto via Getty Images / Getty Images)
While introducing McDonald’s NEXT earlier this week, CEO Chris Kempczinski said that customers shouldn’t have to choose between “hospitality or speed.”
McFranchisee, an X account for a McDonald’s franchise, said this week that Google is affiliated with the new project.
“Meet Archy IQ – no, we are not new to AOT. In fact, we have been in this AI field for about 8 years,” McFranchisee wrote on X on Tuesday.
MCDONALD’S AI HIRING CHATBOT EXPOSED DATA OF JOB CANDIDATES
“We sold our in-house model to IBM and moved on as it wasn’t good enough for our needs. As mentioned below, I wanted to hire Google (who uses NVIDIA) to service our AOT 3 years ago and found out today that Google is behind this project. We are currently in 5 test stores, having processed over 1M transactions with about 90% of orders completed without human escalations. Impressive for a new test.”

A woman works in a McDonalds in Manhattan on January 05, 2024 in New York City. (Spencer Platt/Getty Images / Getty Images)
McFranchisee said that every McDonald’s in the country will get Google Edge Cloud blades installed ahead of the rollout.
“Archy will not only assist drive-thru orders but act as a master brain to help managers run a better restaurant,” it added. “It’s like a personal assistant that alerts you to potential bottlenecks or issues.”
Most of the comments under the X post were negative.
“We all hate the system installed at Wendy’s,” one person wrote. “We hate the kiosks at McDonald’s, Wendy’s, and Taco Bell that we are asked to use instead of talking to a person. We will hate this too. Say goodbye to customers.”

The McDonald’s logo is displayed at a McDonald’s restaurant on July 22, 2024 in Burbank, California. (Mario Tama/Getty Images / Getty Images)
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“No one wants this – we like dealing with smiling faces,” another said, to which McFranchisee replied, “We still smile at the cash and present window – this is just at the speaker.”
The new A.I. initiative comes two years after McDonald’s dropped another similar effort.
Business
Cairn India hits record high on BSE amid stake sale talks
The scrip, which was flat for most of the session, shot up in the final hour of trade on the Bombay Stock Exchange to settle with a net gain of 4.36 per cent at Rs 355.45.
Analysts said the stock zoomed on reports that Vedanta is in talks to buy a 51 per cent stake in Cairn India from its parent firm, Cairn Energy, which holds a 62.4 per cent stake. The deal size is estimated to be between USD 8-8.5 billion.
“The deal is positive for the stock, as even the lower- end of the deal ($8 billion) will value Cairn India at USD 15.7 billion compared to the current market cap of $14.4 billion,” Elara Securities analyst Alok Deshpande said.
“In the short term, we expect the stock to rally towards the deal valuation upon the official announcement, which is expected on August 16, according to media reports,” he added.
Cairn India’s parent company, Cairn Energy Plc, also zoomed nearly 2 per cent on the London Stock Exchange and was being quoted at 4.61 pounds in late afternoon trade.
In contrast, NRI billionaire Anil Agarwal-led Vedanta Resources Plc plunged by 5.5 per cent to 20.61 pounds on the LSE.In addition, Sterlite Industries, a Vedanta Group firm, sank by over 4 per cent to close at Rs 160.70 on the Bombay Stock Exchange. Sterlite was the biggest loser in the Sensex pack today.
“If the deal happens, it is obvious that Vedanta is planning to be a long-term investor. In that case, we feel the deal valuation is fair, considering our expectations of a reserve upside from other Rajasthan fields in some time in the future,” Deshpande said.
Business
Asset Quality Concerns Linger For Hingham Institution For Savings Stock (NASDAQ:HIFS)
I have been involved in the financial world for over 25 years with experience as an advisor, teacher, and writer. I am a full believer in the free-market system and that financial markets are efficient with most stocks reflecting their real current value. The best opportunities for profits on individual stocks come from stocks that are less-widely followed by the average investor or from stocks that may not accurately reflect the opportunities that currently exist in their markets.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Old Fox has dream run on Dalal Street
SpiceJet hit a 52-week high of Rs 68.45 before closing at Rs 66.05, up 8% over the previous close. Bombay Dyeing hit a 52-week high of Rs 684.85 before closing at Rs 661.55, up 12% over its previous close. Godrej Properties rose 3% to close at Rs 776.40. It remains to be seen, if the Fox will make a quiet exit when the going is good, or hang in there for bigger profits.
Business
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