The Daily

The Securities and Exchange Board (SEBI) has turned down a settlement proposal from industrialist Anil Ambani regarding charges linked to investments in Yes Bank, placing him at risk of a $208.4 million penalty. SEBI’s investigation uncovered that Ambani’s Reliance Mutual Fund invested $245.3 million in Yes Bank’s additional Tier-1 bonds before the bank’s 2020 insolvency.

 » Read more about: SEBI rejects Anil Ambani’s settlement plea over Yes Bank investments  »

Groups aims to lower tuition costs for illegal immigrant students 

Several Texas nonprofits have formed mutual aid funds for illegal immigrant students after a federal judge struck down a state law allowing them to receive in-state tuition.

Students Engaged in Advancing Texas and Texas Students for DEI recently established an emergency fund called Keeping the Texas Dream,

 » Read more about: Texas groups form mutual aid funds for illegal immigrants after in-state tuition repeal  »

 » Read more about: Shocking! Over 10,000 fake TikTok and Facebook shops used to spread malware and steal cryptocurrency: Report  »

For the first time, India’s mutual funds and insurers now control more equity market wealth than foreign portfolio investors, a power shift fueled by relentless retail inflows despite a turbulent year for stocks.

As of July 2025, mutual funds and insurance companies together held ₹72.67 lakh crore in equity assets under custody,

 » Read more about: India’s mutual funds, insurers overtake FPIs in equity wealth for first time in history  »

 » Read more about: Warren Buffett Warns Investing At ‘Too-High Purchase Price’ Even for ‘an Excellent Company’ Can Undo a Decade of Smart Investing  »

The U.S. national debt surpassed $37 trillion for the first time in the nation’s history on Friday as the federal government continues to accumulate debt at a record-setting pace.

 » Read more about: US national debt hits record $37 trillion  »

Japan’s Nikkei hit a second record high in as many days Wednesday, as hopes of US interest rate cuts following soft inflation data cheered equity investors across Asia.

 » Read more about: Soft US inflation boosts Asia markets  »

 » Read more about: Veteran analyst says Tesla Stock's breakout rides on one key level  »

All three major U.S. equity indexes gapped up at the open and climbed through Tuesday’s trading session after the government said inflation wasn’t as hot as expected in July. All 11 sectors were higher amid a broad rally also fueled by another extension of President Donald Trump’s deadline for an agreement with China on tariffs.

 » Read more about: July CPI Report Ignites a Risk-On Rally: Stock Market Today  »