BofA

The US Treasury Department said Tuesday that it's imposing USD 1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws. The fines on America's second-biggest bank amount to the third-largest in the department's history. "When a bank of this size fails to meet its anti-money laundering and sanctions obligations, the consequences extend far beyond its own walls, exposing the entire US financial system to significant illicit finance risks," Treasury Secretary Scott Bessent said in a statement. "Today's actions send a clear message that even the biggest financial institutions are not above the law." Treasury said Bank of America also reached an USD 11.6 million settlement with the department's Office of Foreign Assets Control over "apparent violations of numerous sanctions programs, including on Iran, Russia, narcotics, and global terrorism." In a statement, Treasury said its Financial Crimes Enforcement Network assessed the USD 1.2 bill

BofA sees India as key cross-border payments hub as it pilots Zelle-UPI link

The suspect was identified as 49-year-old Pamela Cisneros and was shot dead by police after she allegedly advanced towards officers with two large knives

The lack of a clear AI exposure remains the key concern for Indian equities, with weak growth emerging as the next most important risk, according to the survey

The blue-chip stock with a market cap of ₹1.7 trillion has risen 11 per cent in the last three months. However, it is down 13 per cent on a year-to-date basis.

The e-commerce enablement platform will open its public offering on August 12, with the issue valuing the company at up to ₹7,056 crore

For India, BofA Securities has raised the 2026 GDP (gross domestic product) forecast to 7 per cent from the 6.2 per cent forecasted in April. For 2027, it now pegs the GDP growth at 7 per cent.

Flipkart Group has widened its lead in India's e-commerce market and strengthened its dominance in online fashion through Myntra, according to a Bank of America Securities report that points to resilient consumer demand despite intense competition across the internet sector. The brokerage, citing Sensor Tower daily active user (DAU) data and industry checks, said Flipkart remained the leading e-commerce platform by user engagement as of June 2026, while Myntra continued to pull ahead of rivals in fashion. The findings suggest that competitive pressures in India's online retail market have yet to dent Flipkart's market position, even as rivals continue to invest heavily to gain share. BofA said Myntra's leadership in fashion appears to be deepening, aided by relatively limited competition in premium fashion and beauty categories. The brokerage noted that several competitors had sought to position themselves as credible challengers, but user engagement trends indicate Myntra continue

Local stocks are among the worst performers globally so far in 2026, with a weakening rupee worsening a record $23 billion foreign selloff as global investors chase AI-linked plays elsewhere in Asia

BofA Securities India has settled alleged violations related to insider trading and merchant banking regulations with Sebi after paying ₹58.5 lakh

Nifty Bank index has fallen 8 per cent since the start of the Iran war at the end of February, underperforming the benchmark Nifty 50, which is down 4.7 per cent over the same period

Investor optimism fades as rising cash levels and geopolitical risks signal a shift from a "frothy bull" market to growing caution globally

Nifty will likely head back to 26,500 and settle there as focus returns to earnings, analysts at Bernstein said in a note

BofA Securities said the modest fiscal consolidation rests on "very realistic" revenue and expenditure assumptions, adding to the credibility of the Ministry of Finance

BofA expects Meesho to deliver a 26% Net Merchandise Value (NMV) CAGR over FY26-29, driven by 15% CAGR in new user additions and a 13% CAGR increase in order frequency.

Sebi issues show-cause notice to Bank of America over alleged insider trading lapses linked to Aditya Birla Sun Life's 2024 stake sale

Our analysis over past two decades suggests Nifty sustains higher valuations only during periods of strong earnings growth/upgrades, which is unlikely next year, Shah said.

Bank of America (BofA) Securities said it continues to prefer largecaps over small and midcaps (SMIDs) in CY26 as valuations remain elevated and risks are skewed to the downside

Bank of America (BofA) Securities said it continues to prefer largecaps over small and midcaps (SMIDs) in CY26 as valuations remain elevated and risks are skewed to the downside

Bank of America (BofA) Securities said it continues to prefer largecaps over small and midcaps (SMIDs) in CY26 as valuations remain elevated and risks are skewed to the downside