ESAF Small Finance Bank is set to raise ₹300-500 crore in tier-1 capital, anticipating a business turnaround from the third quarter. The bank aims to bolster its capital adequacy ratio and fund expansion plans. A board meeting is scheduled for September 20 to finalize the fundraising details, including the instrument and modalities.

Hexaware Technologies stock has recently seen gains, driven by a weaker rupee and anticipated US interest rate cuts potentially boosting IT spending. Despite a modest revenue growth in the June quarter due to client spending reductions, the company is improving profitability through increased offshore revenue and employee utilization.

Indian markets saw gains, with Apollo Tyres becoming the Indian cricket team s jersey sponsor. JSW Paints will acquire a stake in Akzo Nobel India, while Dr. Reddy s launched a new molecule for gastrointestinal issues. Mahindra Lifespace is set to redevelop housing societies, and Coal India has been named the preferred bidder for a rare earth element exploration block.

Asian stock markets saw a slight dip as investors are cautious. Everyone is waiting for the United States Federal Reserve s interest-rate decision. Shares in Japan and South Korea decreased. Gold prices are holding steady. Attention is also on a Japanese government bond auction. Investors are keen to understand the future direction of interest rates.

Oil prices remained stable after a previous increase due to drone attacks on Russian ports and refineries. Traders are anticipating a U.S. Federal Reserve rate cut, while also monitoring potential disruptions to Russian oil supply and the European Commission s plans to reduce reliance on Russian fossil fuels. U.S.

Gold prices remained near record highs. Expectations of a Federal Reserve interest rate cut weakened the dollar and bond yields. This increased demand for gold. US retail sales rose in August. However, a weak labor market and rising tariffs pose risks. The US central bank is expected to cut interest rates. SPDR Gold Trust holdings increased.

The U.S. dollar weakened against the euro and yen as markets anticipated a Federal Reserve interest rate cut. Traders have fully priced in a 25 basis point cut, with focus on Chair Powell s comments for future easing pace. The market is also watching to see if policymakers considered a larger 50 bps cut.

Tencent Holdings has successfully secured 9 billion yuan ($1.27 billion) through a three-part offshore yuan bond offering. The deal included 5-year, 10-year, and 30-year bonds, with final pricing approximately 50 basis points tighter than initial investor guidance. While Tencent has been investing heavily in AI, capital expenditure has recently decreased, signaling a more measured approach to future investments and monetization.

US Treasury yields experienced a decline on Tuesday. This happened during a volatile trading session. The yields initially rose following the release of economic data. Retail sales increased more than expected. Investors are awaiting the Federal Reserve s policy statement. The market anticipates a rate cut. There is a small chance of a larger cut.