32 C 
UPI MDR adds to retailers margin pressure this festive season
The introduction of a 0.4% fee on UPI transactions above 2,000 is shrinking shopkeepers' net profits right before the peak festival shopping period. While large stores plan to absorb the cost or split bills, trade groups warn small retailers may reduce discounts or favour cash payments.
Blue Dart Express appoints R.S. Subramanian as MD
With effect from 30 November 2026
RIR installs SiC epitaxial wafer manufacturing reactors at its semiconductor facility in Bhubaneswar
RIR Power Electronics has completed the erection and installation of state-of-the-art Silicon Carbide (SiC) Epitaxial Wafer Manufacturing Reactors at its SiC semiconductor facility in Bhubaneswar, Odisha.
Petrol dealers seek exemption from new charges on UPI transactions
Fuel retailers say thin, regulated margins leave little room to absorb the 5 charge on UPI transactions above 2,000.
Thomas Cook opens forex counters at Visakhapatnam international airport
Thomas Cook (India) has expanded its airport foreign exchange network with the opening of forex counters at Alluri Sitarama Raju International Airport, Bhogapuram, strengthening its presence in the Visakhapatnam market and the wider Andhra Pradesh region.
Board of Juniper Hotels approves acquisition of Novotel Imagicaa, Khopoli
At meeting held on 16 September 2026
In an unprecedented experiment in 1998, swordtail fish were launched into orbit on the space shuttle Endeavor to explore how life persists without gravity. They initially thrived, swimming well in their custom habitat. However, by the ninth day, they began to exhibit looping movements, a reaction caused by the absence of gravity. Once back on Earth, the fish experienced a brief phase of clumsiness but quickly regained their swimming abilities.
Yellowstone National Park is grappling with an escalating issue of litter left by visitors. This debris often contaminates the park's delicate hydrothermal areas, leading to ecological damage. In recent efforts, staff have collected over 20,100 pieces of trash and 5,600 rocks, discovering items like hats, coins, AirPods, and children's toys among the debris.
Quote of the day by Nick Jonas is about much more than unreleased music. It is about the quiet education that comes from discovering how unpredictable success can be. Life frequently gives people moments that feel like breakthroughs, only for circumstances to change before those possibilities become reality. The answer is not to stop hoping, dreaming or creating.
Today's quote of the day by Stephen King reflects on a difficult truth: our ambitions should have a place in life, not take the place of life itself. His words speak to the quiet tension between work and relationships, achievement and contentment, dreams and the time we give to simply live. The quote invites us to examine what we sacrifice for success, where our sense of self comes from, and whether the life we are building still feels like our own.
Off the coast of Scotland, the innovative Orbital O2 platform is revolutionizing energy generation with its ability to produce clean electricity. With two robust turbines designed to capture ocean currents, this floating tidal system offers a cost-effective and low-maintenance solution. Unlike wind or solar power, tidal energy proves to be a more consistent and dependable energy source.
India's finance ministry rejected claims of foreign pressure influencing UPI transaction charges. A 0.4% Merchant Discount Rate will apply to UPI payments over Rs 2,000. This charge will not affect consumers and most small merchants remain exempt. The revenue will support payment ecosystem participants and infrastructure development. UPI policy decisions are made independently for an affordable digital payments ecosystem.
WTO Report 2026: Is the world's trade rulebook breaking?
Mint Explainer | Will MDR hit UPI payment transaction volumes?
MDR on UPI payments is not expected to significantly impact overall transaction volumes, given that only 4% of total UPI transactions are expected to be eligible for such a charge. However, the charge has created a lot of noise around its potential impact on UPI usage
In a stunning auction in 2025, a prop sled from the iconic film Citizen Kane fetched an astonishing $14.75 million. The sled, unearthed by filmmaker Joe Dante after its decades-long obscurity, reflects a growing trend where nostalgia influences spending behaviors. Researchers assert that nostalgia can often overshadow financial restraint, leading to indulgent purchases. This sale highlights societys longing for meaningful connections through collectibles, reminiscent of the film's deeper themes.
Charlie Kirk's family has filed a wrongful death notice against Utah Valley University officials. They allege inadequate security measures contributed to his fatal shooting in September 2025. The family claims insufficient risk assessment and rooftop surveillance were critical failures. This notice precedes a potential lawsuit over the assassination of the conservative activist. The criminal case against the accused shooter is proceeding separately toward trial.
Japans sleep contest offers $14,000 prize: Who can enter, how to apply, October 5 date and rules
Japan is organising a sleeping competition on October 5, 2026, and the winner will receive Rs 13 lakh prize money. During the 90-minute power-napping session, organisers will monitor sleep depth, overall quality, stability, and how long it takes participants to drift off. Organisers have also stated that there would be unexpected disturbances during the sleeping competition to check whether contestants can maintain their sleep or not.
New Delhi [India], September 16: Young actress, model and entrepreneur Varsha Pant is steadily making her presence felt across the entertainment and media landscape. She was recently seen alongside Bollywood actor Suniel Shetty and veteran actor Virendra Saxena as part of a special project associated with MARG ERP Ltd.
Weather Tomorrow: The Meteorological Department has issued a new weather advisory for various regions of India. On Thursday, September 17, heavy rainfall and thunderstorms are expected in areas such as Delhi-NCR, Bihar, and Odisha, which may also experience lightning strikes. Meanwhile, Himachal Pradesh and Rajasthan could receive light to moderate rainfall along with thunderstorms. Scattered showers and storms are predicted for Haryana and West Bengal as well.
In the 1970s, Arnold Schwarzenegger made his first millions in real estate, before Hollywood turned him into an action star. The actor and former California governor said real estate, rather than bodybuilding or movies, helped him become a millionaire. He recalled buying a six-unit apartment building for $240,000, putting $27,500 down and selling it two years later for $400,000. Today, investors have other ways to enter real estate.
SBI is hiring for senior roles, including a Group Chief Information Security Officer, with IT qualifications. Marketing Executive and Dean positions are also available.
INR stays weak tracking a strong greenback overseas and foreign fund outflows
The Indian rupee stayed weak for the seventh consecutive session, declining 7 paise to 95.95 (provisional) against the US dollar on Wednesday, tracking a strong greenback overseas and foreign fund outflows. Rupee's slide was capped by positive domestic equity markets, even as crude oil prices remained elevated amid escalating US-Iran conflict. Local shares ended the session modestly higher as oil prices pulled back from recent highs and investors braced for a closely watched Federal Reserve rate decision later in the day. The U.S. dollar pulled back from near multi-week highs, yields on U.S. Treasuries held steady and oil prices edged lower, helping underpin investor sentiment. Oil prices fell nearly 1 percent today after industry data showed an unexpected build in U.S. crude inventories and reports emerged that Saudi Arabia is offering more crude oil to Asian refiners through ship-to-ship transfer off Oman's Sohar port, helping ease concerns about the scale of Middle East supply ...
Hero Motors IPO subscribed 1.38 times
The offer received bids for 12.26 crore shares as against 8.86 crore shares on offer.
The tribunal held that a complaint seeking relief under RERA was not maintainable before the Karnataka RERA.
Jindal Supreme (India) IPO subscribed 7.53 times
The offer received bids for 7.07 crore shares as against 93.99 lakh shares on offer.
SK Hynix in talks with Intel about deal to make memory chips in US for the first time
A deal would relieve pressure on Intel, which has been struggling, and mark a big win for the Trump administration, which has been ramping up pressure on chipmakers to build in the US as relentless investment in AI and data centres fuels an acute shortage of memory chips
Benchmarks recover after recent sell-off; Nifty ends above 23,200
The key equity benchmarks ended higher on Wednesday, snapping a two-session losing streak. Gains followed a pause in crude oil prices and a marginal easing in global bond yields.
Quick Wrap: Nifty FMCG Index rises 1.63%
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SS Retail IPO subscribed 1.44 times
The offer received bids for 1.26 crore shares as against 87.93 lakh shares on offer.
UGRO Capital raises Rs 380 cr via long term institutional funding
UGRO Capital has raised Rs 380 crore through the issuance of 38,000 senior, secured, rated, listed, redeemable and transferable Non-Convertible Debentures (NCDs), fully subscribed by Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), the Dutch entrepreneurial development bank.
Government eases RCMC requirement for export consignments up to Rs 3 Lakh
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Word of the Day: Impasse meaning, origin, story and how to use it
Word of the Day: Impasse explains the meaning, origin and usage of the word, which describes a deadlock or situation where progress becomes impossible. Derived from French and associated with the idea of a dead end, impasse is commonly used for stalled negotiations, disagreements and discussions in which neither side can find a way forward.
His kerosene stove pump broke and he went hungry, then this UP mechanic invented a pumpless stove
Uttar Pradesh mechanic Sameerul Hasan Liyaqati, popularly known as Lalla Mistri, developed a pumpless kerosene stove after a broken air pump once left him without food. His design uses gravity and fuel heating to generate pressure without manual pumping. Tested in 2002, the Rs 300 stove later received Rs 37,250 in prototype development support.
KRN Heat Exchanger and Refrigeration Ltd leads losers in 'A' group
PNC Infratech Ltd, Hatsun Agro Product Ltd, Premier Energies Ltd and Azad Engineering Ltd are among the other losers in the BSE's 'A' group today, 16 September 2026.
Pranav Constructions Ltd leads losers in 'B' group
Mangalam Seeds Ltd, Ladderup Finance Ltd, Usha Martin Education & Solutions Ltd and Shiva Global Agro Industries Ltd are among the other losers in the BSE's 'B' group today, 16 September 2026.
Indices snap 2-day losses; FMCG shares rally
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 332.63 points or 0.45% to 74,336.45. The Nifty 50 index added 99 points or 0.43% to 23,217.60. In the past two consecutive trading sessions the Sensex and Nifty declined 1.20% and 1.53%, respectively.
In the year 2000, Blockbuster famously spurned a $50 million deal from Netflix, a fledgling company struggling for survival. Fast forward to today, Netflix has evolved into a colossal forces in the entertainment industry, while Blockbuster has nearly faded from the video rental landscape. This tale epitomizes the dangers of resisting technological evolution and serves as a poignant reminder of tremendous business opportunities lost.
UK inflation rises to 5-month high, further pressuring Bank of England to raise rates this year
United Kingdom inflation reached a five-month peak in August, driven by fuel prices. This increase moves inflation further from the Bank of England's target. However, interest rates are expected to remain unchanged at this meeting. Policymakers await data on wage growth and the labor market. Higher rates are still possible later this year as inflation pressures persist.
Due to concerns over misleading practices, the government has mandated that cab aggregators remove the option for advance tipping. Authorities have deemed this tactic an unfair trade practice, resulting in Rapido being fined ten lakh rupees. As investigations into Uber and Ola persist, its established that tipping must remain at the discretion of consumers after their journey.
Indian envoy meets Nepal's foreign minister, discusses bilateral ties
India's outgoing Ambassador Naveen Srivastava met Nepal's Foreign Minister Shisir Khanal. He conveyed appreciation for strengthening multifaceted bilateral ties between the two nations. The diplomat recalled significant progress in energy and infrastructure cooperation. Nepal's minister thanked India for disaster relief assistance after flash floods. Both expressed confidence in continued flourishing of Nepal-India relations.
In an effort to enable Alexandra Eala to participate in the Asian Games, the Philippines Tennis Association is seeking a WTA exemption. The Asian Games coincide with the mandatory China Open, posing a risk of penalties for missing it. Nevertheless, Eala has decided to compete in Nagoya for her country, showcasing her dedication regardless of the outcome.
BCCI decided to bring IPL 2027 auction back to India: Report
IPL 2027 auction: BCCI will hold the IPL 2027 mini auction in India, ending a three year run of overseas venues that included Dubai, Jeddah and Abu Dhabi, according to Cricbuzz. The decision, taken at a Governing Council meeting on September 15, follows franchise concerns over overseas logistics.
New Delhi [India], September 16: In keeping with WHO's World Mental Health theme for this year, 'Lived experiences heard: real voices, real change', a key focus of the India Mental Health Alliance's convening in Delhi this week was 'experience-based knowledge'. This encompasses not only individual lived experience, but also the knowledge and insights generated by community and grassroots organisations through their work within specific cultural contexts and local realities, that help shape care practices and policy.
Taggd Named Leader in Everest Group's First-Ever India RPO PEAK Matrix Assessment 2026
Gurugram (Haryana) [India], September 16: Taggd, India's largest AI-powered talent fulfillment partner, has been positioned as a Leader in the Everest Group Recruitment Process Outsourcing (RPO) Services PEAK Matrix Assessment 2026 for India.
BMW Ventures climbs after securing Rs 73 crore orders from Tata Projects
BMW Ventures rose 4.48% to Rs 53.92 after the company secured two purchase orders worth Rs 72.94 crore from Tata Projects.
Divis Laboratories Ltd down for fifth straight session
Divis Laboratories Ltd is quoting at Rs 9108.5, down 0.97% on the day as on 13:19 IST on the NSE. The stock jumped 50.52% in last one year as compared to a 8.14% slide in NIFTY and a 17.48% spurt in the Nifty Pharma index.
Hindustan Copper Ltd slips for fifth straight session
Hindustan Copper Ltd is quoting at Rs 482.15, down 2.02% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 28.73% lost in the Nifty Metal index.
NLC India Ltd drops for fifth straight session
NLC India Ltd is quoting at Rs 258.4, down 1.02% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 4.85% lost in the Nifty Energy index.
NTPC Green Energy Ltd slips for fifth straight session
NTPC Green Energy Ltd is quoting at Rs 85.6, down 0.3% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 4.85% lost in the Nifty Energy index.
Indices trade higher; realty shares plunge
At 14:25 IST, the barometer index, the S&P BSE Sensex jumped 312.79 points or 0.43% to 74,323.02. The Nifty 50 index added 117.65 points or 0.51% to 23,236.25.
Capri Global Capital launches Vyapar Mahotsav - a 4-day gold loan promotion
Capri Global Capital announced the launch of Vyapar Mahotsav', a four day, pan-India gold loan promotional offer aimed at providing customers with convenient and cost-effective access to funds against their gold assets, with added benefits.
Veegaland Developers IPO ends with 13.55 times subscription
The offer received bids for 15.32 crore shares as against 1.13 crore shares on offer.
DCC to be wound up after satcom spectrum approval: Report | What we know
The government is set to wind up the 37-year-old Digital Communications Commission after it approved most of TRAI's satcom spectrum recommendations. The move comes amid an overlap in DoT roles and changes to the telecom department's budget process.
E-Sutra Named Official India Partner of the STO Foundation/Tokenized Asset Foundation
New Delhi [India], September 16: The STO Foundation/Tokenized Asset Foundation and E-Sutra, India's Web3 Alliance, today announced a strategic partnership designed to connect India's growing tokenised asset market with the wider global ecosystem for real-world asset tokenisation and digital securities.
Poojaa Precision Engg commissions solar power project in Nanded, Maharashtra
Equitas Small Finance Bank approves Lower Tier II NCD issuance up to Rs 500 cr
At board meeting held on 16 September 2026
Alkem Labs launches epilepsy management drug Cenobamate in India
Alkem Laboratories has announced the launch of NeuCeno (cenobamate), anti-seizure medication (ASM) for the treatment of partial-onset seizures in adult patients.
Praj Industries inks development & commercialization agreement for bio-isobutanol with Gevo
Praj Industries said that it signed a development & commercialization agreement for bio-isobutanol (Bio-IBA) technology in India.
Pondy Oxides & Chemicals Ltd leads gainers in 'A' group
Zee Entertainment Enterprises Ltd, Samhi Hotels Ltd, Patanjali Foods Ltd and Cemindia Projects Ltd are among the other gainers in the BSE's 'A' group today, 16 September 2026.
Sensex gains 383 pts; media shares advance
At 11:25 IST, the barometer index, the S&P BSE Sensex jumped 383.44 points or 0.52% to 74,387.26. The Nifty 50 index added 144.35 points or 0.63% to 23,259.45.
Mint Explainer| Why Indian Railways is betting on new public-private partnership models?
Indian Railways has a massive investment requirement at a time when its internal revenue generation has remained largely stagnant. Will the new models help it overcome challenges?
Pound gains traction against dollar as UK CPI accelerates; GBP/INR holds well above 129 mark
The British pound is gaining traction on Wednesday after UK CPI accelerated in line with the market consensus in August, while producer prices beat expectations. Consumer inflation accelerated to 0.5% in the UK in August from 0.3% in July, while the yearly CPI climbed to 3.1% from 2.9%, according to levels released by the UK Office for National Statistics. The core CPI has remained growing at a steady 2.6% pace, in line with market expectations. Meanwhile, Producer Price Index (PPI) rose to a 6.1% year-over-year rate in August from 4.9% in July, above the 5.4% market consensus, and the Output PPI accelerating to 3.7% Y-o-Y from 3.1% in the previous month. GBP/USD ticked higher to trade at $1.3485 but remains 0.3% lower on the week so far, as markets brace for a Federal Reserve rate hike. Feds decision in due later in the global day and will be closely monitored for further cues. On the NSE, GBP/INR futures are seen trading at 129.53, up marginally on the day.
Army Chief Dhiraj Seth in Russia for 3-day visit to boost military cooperation
Army Chief Gen Dhiraj Seth is visiting Russia for three days starting Wednesday. He will discuss military cooperation and training with Russian officials. Gen Seth will also pay respects at the Tomb of the Unknown Soldier. The visit aims to strengthen the enduring defence relationship between India and Russia. He will also visit a military academy in St. Petersburg.
India, Canada working to close CEPA before end of 2026: Commerce Secy Rajesh Agarwal
India and Canada are working to conclude their Comprehensive Economic Partnership Agreement negotiations this year. The fourth round of talks is currently underway, with two chapters already finalized. Discussions are progressing across all remaining chapters of the proposed agreement. Bilateral trade aims to expand significantly to fifty billion dollars by the year 2030. Both nations are seeking substantial progress given the tight timeline for this agreement.
R R Kabel rises after new Silvassa manufacturing unit goes live
R R Kabel rose 2.22% to Rs 2,434.10 after the company announced the commencement of commercial production at its new manufacturing unit in the Union Territory of Dadra & Nagar Haveli and Daman & Diu.
Allied Blenders receives licence to manufacture of malt spirits from Telangana Excise
Allied Blenders and Distillers said that it has been granted a licence for manufacture of malt spirits for potable purpose by the Commissioner of Prohibition and Excise, Telangana, Hyderabad.
India's services exports up around 13% this fiscal, services imports spike 17%
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Joi Barua takes India's sound to the stars with NASA-linked project
Indian composer Joi Barua is merging space science with performing arts. His project, Cosmic Rhapsody, connects NASA's astrophysics research with orchestral music. The project will premiere at the Hollywood Bowl in July 2027. It combines live music, animation, and pop songs for an immersive experience. This collaboration highlights the fusion of science and imagination for young audiences.
Amitabh Bachchan plans 20-room dharamshala in Ayodhya named after father Harivansh Rai Bachchan
Amitabh Bachchan has submitted a building plan for a new dharamshala. This facility will be named after his father, Harivansh Rai Bachchan. The proposed dharamshala will offer accommodation and organized facilities to visiting devotees. Ayodhya Development Authority is reviewing the submitted building plan for approval. This initiative contributes to the ongoing development of Ayodhya as a pilgrimage site.
Bain Chair Manny Maceda on the great AI divide between builders and buyers
In a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit direct taxpayer engagement. This initiative seeks to foster a unified, dependable ecosystem. Support for small businesses through deferred duty payment schemes will be implemented, paving the way for a near-touchless, paperless operational environment, with stronger technology adoption anticipated in the coming decade.
Park Medi World inks agreement to operate and manage a 300-bed hospital in Kanpur
Park Medi World said that it has entered into a long-term operations and management (O&M) arrangement to operate and manage a 300-bed multi-super speciality hospital in Kanpur, Uttar Pradesh.
Volumes soar at Tata Chemicals Ltd counter
Tata Chemicals Ltd clocked volume of 5.15 lakh shares by 10:45 IST on BSE, a 13.42 times surge over two-week average daily volume of 38377 shares
Sensex, Nifty trade in positive terrain; FMCG shares climb
FMCG shares rebounded after tumbling in the four consecutive trading sessions.
NSE Indices announces rejig across multiple Nifty indices, changes effective September 30
Nifty50 Value 20
ITPO Transforms Bharat Mandapam into a Digital Cultural Landmark for BRICS and Beyond
New Delhi [India], September 16: The India Trade Promotion Organisation (ITPO) has transformed the faades of exhibition halls at Bharat Mandapam into large-scale digital canvases, adding a new dimension to the venue's role as a platform for international engagement, cultural storytelling and exhibition innovation.
Medical device industry backs Tukaram Mundhe's call for review of pricing rules
Maharashtra FDA commissioner Tukaram Mundhe has written to the Department of Pharmaceuticals and the NPPA, urging regulators to cap trade margins or bring essential device categories under structured price monitoring.
US stocks ease further as market eyes Fed decision
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Lords Mark Industries completes Phase 1 expansion of Silvassa facility
Lords Mark Industries has successfully completed Phase I of its expansion plan at its Silvassa facility, nearly three months ahead of its originally committed December 2026 timeline. The newly expanded production line is scheduled to commence commercial operations from 11 October 2026.
Mumbai (Maharashtra) [India], September 16: Cordelia Cruises has partnered with Capillary Technologies, a global leader in AI-powered customer loyalty and engagement solutions, to build its upcoming loyalty program as the cruise line enters its next phase of growth.
Prasol Chemicals slips on market debut
Shares of Prasol Chemicals were currently trading at Rs 623.25 at 10:25 IST on the BSE, representing a discount of 7.80% as compared with the issue price of Rs 676.
Exide Industries rises after inking strategic pact with
Exide Industries added 1.08% to Rs 413.55 after the company announced the signing of a long-term strategic cooperation agreement with ExCom Energy Solutions GmbH for the industrial battery business across the European Economic Area (EEA).
Godavari Biorefineries jumps on bagging Chinese patent for antiviral compound
Godavari Biorefineries surged 11.99% to Rs 253.80 after China's patent office granted the company a patent for compounds used in treating viral infections.
Nifty trades above 23,200 level; PSU Bank shares rally
PSU bank shares advanced after declining for two consecutive trading sessions, supported by buying interest across select counters.
Coforge expands focus on operationalizing AI at scale
The next phase of AI transformation to be defined by business outcomes, not AI features
Glass Wall Systems (India) jumps on market debut
Shares of Glass Wall Systems (India) were currently trading at Rs 204.70 at 10:15 IST on the BSE, representing a premium of 12.47% as compared with the issue price of Rs 182.
Orient Green Power Company arm receives upgrade in credit ratings from CRISIL
Kanohar Electricals gains on debut
Shares of Kanohar Electricals were currently trading at Rs 702.65 at 10:05 IST on the BSE, representing a premium of 15.29% as compared with the issue price of Rs 632.
Praj Industries partners with Gevo Inc.
For development and commercialization of Bio-Isobutanol (Bio-IBA) technology in India
GMR Airports August passenger traffic rises 1% YoY
GMR Airports handled around 9.4 million passengers in August 2026, marking a 0.9% year-on-year (YoY) increase in passenger traffic.
