Business
Mutual fund NFOs: 7 new funds will open for subscription this week. Check dates
Seven mutual fund NFOs from Kotak, Motilal Oswal, AlphaGrep, JioBlackRock, Edelweiss and Franklin India will open for subscription this week. The offers span index funds, ETFs, a fund of funds and a short-duration debt scheme, with minimum investments ranging from Rs 10 to Rs 5,000.
Business
Fly-tipping forced sale of Earl Spencer’s 310-acre farm
Earl Spencer has said organised fly-tipping forced his family to sell the 310 acres of Northamptonshire farmland it had farmed since 1893.
Writing in the Daily Mail, he claims that a single dumped load cost £40,000 to clear.
The land at Dallington was sold to developers last year and will become 1,800 houses, a secondary school and two primary schools, Spencer wrote.
He said the dumping went far beyond casual littering. It included lorry-loads of construction waste tipped at night, asbestos sheeting left in a hedgerow and, on one occasion, 60 burnt-out cars stacked on former pasture. Three years ago estate staff shovelled away half a ton of plastic bags, thrown over a wall from a local restaurant, containing rotten meat and human waste.
The 250-year-old farmhouse on the land was set on fire last year and had to be demolished, he wrote, after the family struggled to find anyone willing to live there.
Spencer said gates, cameras and warning signs had all failed because the perpetrators are organised. He cited evidence given to a House of Lords inquiry last year that large-scale fly-tipping is run by the same criminal networks involved in money laundering, drug dealing and modern slavery. Business Matters has previously reported calls for fly-tipping to be treated as organised environmental crime.
Councils in England dealt with 1.26 million fly-tipping incidents last year, 9 per cent up on the year before, according to Defra figures that cover reported dumping on public land only. Waste dumped through a farm gate becomes the landowner’s responsibility to clear at their own cost, Spencer wrote, and leaving it in place is itself an offence.
A Country Land and Business Association survey found nearly three-quarters of farmers who responded were hit every year, some several times a month, at roughly £1,000 a time, he said. The Althorp estate runs six full-time skips to deal with dumped waste, with a hazardous load costing tens of thousands of pounds to remove.
Of the 1.26 million incidents, 1,377 led to a prosecution, fewer than one in 900, Spencer wrote. Councils seized 139 vehicles across the whole of England, and the average fine fell to £539 while dumping rose. When the estate handed filmed evidence of one incident to police, he wrote, the accused laughed at the £1,000 fine and said it would not stop their trade.
Waste crime costs the country about £1 billion a year, he said. Last October the House of Lords Environment and Climate Change Committee wrote to the Environment Secretary to say serious waste crime had been critically under-prioritised, calling for an independent review of how it is dealt with. Its chairman said she feared the system was broken, and the committee described a “woeful” lack of successful convictions.
Spencer pointed to Hoads Wood in Kent, an ancient wood and site of special scientific interest, where dumping began in 2020. By the time the Environment Agency closed the site in 2024, some 30,000 tons had been tipped, 25ft deep in places. Clearance is estimated at £10 million. Three people were arrested last February; nobody has been prosecuted.
The Government has announced fines of up to £5,000 and penalty points, and has said it will look at indemnifying landowners, who can currently only recover clearance costs once the dumper is convicted, Spencer wrote.
The scale of the problem is drawing commercial responses. Flytipping Enforcers, a company founded this year by two former rural police officers, offers solar-powered CCTV with AI detection, 24-hour monitoring and deterrent signage for private land, and says fly-tipping fell 95 per cent across its first 30 monitored sites.
“Since I started writing this, I have learned a truckload of garden waste and timber has been dumped at Althorp,” Spencer wrote. “It is never-ending.”
Business
Bomb kills three and wounds 21 at central Moscow restaurant

Bomb kills three and wounds 21 at central Moscow restaurant
Business
10 largecap stocks with upside potential up to 37%. Do you own any?
Trendlyne’s consensus estimates identify 10 BSE large-cap stocks with potential upside of 25% to 37% over the next 12 months. HDFC Bank and HDFC Life lead the list, followed by ICICI Prudential, Axis Bank, Reliance Industries, Swiggy and other prominent names.
Business
XPO Stock: Big Gains From Small Improvements In Its Operating Ratio (NYSE:XPO)
Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canada, Robert has earned Bachelor of Arts and Master of Business Administration (MBA) degrees.
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
WestJet flight attendants go on strike after talks fall through

WestJet flight attendants go on strike after talks fall through
Business
Equity mutual funds gained up to 6% in last week of July. Check top 15 with over 3% gain
Equity mutual funds delivered gains up to six percent in the last week of July. Top performers included technology and transportation sector funds which saw significant returns. SBI Technology Opp Fund and Aditya Birla SL Digital India Fund led the gains. ICICI Pru Transportation and Logistics Fund also performed well during this period. Several other tech and logistics funds also registered positive returns.
Business
Ukrainian drones kill two in Russia, strike Wildberries warehouse, governors say

Ukrainian drones kill two in Russia, strike Wildberries warehouse, governors say
Business
4 Hyperscalers, One Message: The AI Trade Isn't Over
4 Hyperscalers, One Message: The AI Trade Isn't Over
Business
Hungarian companies pivot after Orban’s allies lose political influence

Hungarian companies pivot after Orban’s allies lose political influence
Business
Mcap of nine of top-10 most valued firms jumps Rs 2.51 lakh cr; Bajaj Finance biggest winner
Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent.
“Markets staged a strong rebound during the week, snapping their recent losing streak as easing crude oil prices, improving geopolitical sentiment, encouraging Q1 FY27 earnings, and renewed foreign institutional investor (FII) buying lifted risk appetite,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
While Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, Hindustan Unilever emerged as the only laggard.
The market valuation of Bajaj Finance surged Rs 80,345.97 crore to Rs 7,10,817.51 crore, the most among the top-10 firms. Shares of NBFC Bajaj Finance on Friday ended over 8 per cent higher after the firm reported a 28 per cent year-on-year rise in consolidated profit after tax (PAT) for the June quarter of FY27.
Bharti Airtel’s valuation soared Rs 44,959.5 crore to reach Rs 12,30,005.63 crore.
The market valuation of TCS jumped Rs 40,414.03 crore to Rs 8,55,894.78 crore and that of Reliance Industries climbed Rs 39,447.35 crore to Rs 17,69,108.79 crore.The market capitalisation (mcap) of Larsen & Toubro rallied Rs 21,096.8 crore to Rs 5,41,844.69 crore and that of State Bank of India edged higher by Rs 10,845.97 crore to Rs 9,47,799.81 crore.
HDFC Bank’s mcap advanced Rs 8,164.73 crore to Rs 11,52,150.63 crore.
The valuation of LIC went up Rs 4,427.49 crore to Rs 5,37,435.05 crore and that of ICICI Bank climbed Rs 1,660.37 crore to Rs 10,29,878.30 crore.
However, the mcap of Hindustan Unilever declined Rs 10,326.46 crore to Rs 4,93,602.13 crore.
Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever.
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