11:11 | Donald Trump says he could annihilate Iran, Apollo Global caps private credit, AI updates and more

Donald Trump stated US and Iranian officials met, despite his UN General Assembly threat to "annihilate" Iran if a deal isn't reached soon to end the nearly seven-month war.

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* Donald Trump says US and Iran held talks after warning he could 'annihilate' Iran

President Donald Trump said US and Iranian officials met Tuesday, an unexpected engagement that came even as he threatened in his address to the U.N. General Assembly that he may "annihilate" the Islamic Republic if a deal isn't reached soon to end the nearly seven-month war.

* TRAI mandates telcos to issue special tariff vouchers for voice calls, SMS at lower cost

As per the Telecom Consumers Protection (Thirteenth Amendment) Regulations, 2026 issued by the Telecom Regulatory Authority of India, telecom operators will have to issue special tariff vouchers (STVs) for voice calls and SMS only similar to the existing one that come bundled with data, voice calls and SMS carrying a validity of 30 days or less.

* Nasdaq ends at another record high, Dow underperforms even as oil prices, yields cool

Gains on the Nasdaq 100 were led by Shopify, which surged over 7% after its partnership with Meta for its Muse AI product. Financials were the big underperformers and dragged the Dow Jones lower on concerns about the damage AI would cause to margins and fees at financial brokerages.

* Bank of America says Brent crude oil could top $150 a barrel if Iran war disruptions persist

A prolonged conflict with Iran could cause Brent crude to spike above $150 a barrel, according to Bank of America. Analysts at Bank of America have raised their outlook if Iran war continues to escalate

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* Apollo Global caps private credit fund again as 14.7% look to exit

Apollo Global Management Inc. is limiting redemptions from a private credit fund for the third straight quarter, as its investors join the rush to pull cash from the $1.8 trillion direct lending market. Apollo Debt Solutions BDC has about $26 billion in assets.

* Meta's quick success with Muse puts consumers back in the driver's seat of the AI trade

Meta Platforms' personal artificial intelligence agent Muse is taking off, and it's putting consumers back at the heart of Wall Street's AI trade. Consumer agentic "may power the next phase of the AI trade," analysts at UBS said.

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* Anthropic launches Claude Opus 5.5, says it costs 40% less than Opus 5

Anthropic has introduced Claude Opus 5.5, the first model in its new Claude 5.5 family, saying it delivers performance at the level of Claude Fable 5.1 on most work while costing 40% less to run than Opus 5. Opus 5.5 is also Anthropic's first model release since the company called for "pacing the frontier"

* RBI data quality index improves sharply in Q1; 75 banks score above 90

The data quality of scheduled commercial banks improved in the quarter ended June, with the Reserve Bank of India's Supervisory Data Quality Index rising to 93.3 from 90.7 in the March quarter, according to an RBI report. Accuracy, timeliness, completeness and consistency are the four parameters.

* Bank strike: UFBU to go ahead with 3-day strike from September 28 over 5-day banking demand

United Forum of Bank Unions (UFBU) has said they would go ahead with the three-day nationwide strike beginning September 28, as a conciliation meeting before the Deputy Chief Labour Commissioner on Tuesday remained inconclusive. UFBU claims to represent 90% of the banking workforce.

* Dry fruit prices surge, sunflower oil supply hit: What to expect this festive season

India's festive season is likely to see higher dry fruit prices and a mixed edible oil outlook. Pistachio prices have risen 30-40% and almond prices around 20%, while overall dry fruit demand could decline 10-20% as consumers adjust to higher costs. However, Bolas Agro's Rahul Kamath expects cashew consumption to rise around 10%.

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* NSE IPO looks expensive, Allspring's Paroda adds financials and industrials to India portfolio

The NSE IPO looks expensive at current valuations, says Prashant Paroda, Senior Portfolio Manager at Allspring Global Investments. "But it's a great company, and if it ever comes to what we think a valuation is correct for the stock, we'll definitely look at it," he added.