Workday reports Q2 revenue up 12.8% YoY to $2.65B vs. $2.63B est., and total subscription revenue backlog up 8% YoY to $27.4B, vs. $28.6B est. (Brody Ford/Bloomberg)

Stock market holiday: Are NSE, BSE closed today for Raksha Bandhan? Find out here

The Indian stock market will remain open on August 28 for trading. Both NSE and BSE will operate normally on this date. Commodity markets will also function as usual on August 28.

3h ago ·economictimes.indiatimes.com

‘Price of liquidity’ too high: Some US private credit investors prefer to be trapped over 26% loss

Limited appetite to exit suggests investors may be making peace with lower-than-promised returns

3h ago ·businesstimes.com.sg

Private credit investors prefer to be trapped than take 26% loss

Limited appetite to exit suggests angst around the asset class has limits

• Cox Capital offered to buy shares of five non-traded BDCs at 26% discount
• Less than US$5 million in redemption orders received for offers
• Investors accepting lower-than-promised returns or facing redemption limits

3h ago ·businesstimes.com.sg

BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside

BofA expects India's wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable energy and power grids, as well as…

• BofA Securities initiates coverage on Polycab India and KEI Industries with Buy ratings.
• Both stocks see potential upside: 22% for Polycab and 14% for KEI.
• India wires and cables industry expected to grow 14% CAGR from FY26 to FY29.

3h ago ·economictimes.indiatimes.com