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GIFT City eyes bigger slice of aircraft leasing business
India has a large aircraft-leasing opportunity, but much of the financing and leasing sits offshore. GIFT City wants to capture that value, says CEO Sanjay Kaul
US declares end of largest recorded cyclosporiasis outbreak
U.S. health officials have officially declared the conclusion of the largest multistate cyclosporiasis outbreak in the nation. This severe incident involved contaminated iceberg lettuce, leading to widespread illnesses and significant food recalls. The outbreak has been traced back to lettuce harvested by Taylor Farms in central Mexico, resulting in over twelve thousand reported cases and two fatalities across twenty-one states.
Pointing to India's crucial role in the expanding global network, the US Embassy highlighted that New Delhi's booming digital economy, surging demand for cloud and AI capabilities, and strategic geographical location linking major global markets present significant opportunities for the country to establish itself as a primary global subsea cable hub.
J&J orthopedics unit draws Apollo interest in potential $20 billion deal: Report
Apollo Global Management is in discussions to acquire Johnson & Johnson's orthopedics division, which could be worth around twenty billion dollars. In addition to this, Johnson & Johnson is contemplating the option of spinning off this unit into a separate public entity. This strategy aligns with the company's aim to concentrate on more lucrative healthcare areas, reflecting the growing private equity interest in the healthcare industry.
Trump says he would be OK with China building cars in US
President Donald Trump has expressed his willingness to permit Chinese automakers to set up production plants in the United States, provided they hire American workers. He clarified that he opposes the idea of these companies manufacturing vehicles in Mexico. With Japan already having established manufacturing operations in the US and employing local labor, Trump's statement comes amid considerable pushback from US lawmakers and domestic car manufacturers.
Smaller firms eye a larger slice in ongoing auditor churn
Smaller audit firms are taking on Indias Big Six with sharp pricing, stable teams and tech skills to win larger clients. With more than 600 companies changing auditors by fiscal year 2029, the coming churn could give these firms their biggest shot yet at breaking into the big league.
Jubilant Pharmovas Spokane facility receives VAI classification from US FDA
The classification follows a June inspection, with the regulator indicating that the identified conditions do not warrant administrative or regulatory action.
A green flag, a red flag and an exit: the 43-day board tussle at Coforge
Veteran banker Bhatt was set for five more years as Coforge chairman. Then, over 43 days, came an audit flag, a low board rating, opposition from the largest shareholder and a 3 am resignation. A look at what unfolded behind the boardroom doors
Shapoor Mistry eyes 25,000 cr in two years for part of SP's Tata stake
Shapoor Mistry seeks 25,000 crore from Tata Sons for SP Group's stake. This proposal aims to raise cash while preserving Tata Sons' private status. Discussions are ongoing regarding transaction structure and valuation for a potential buyback. SP Group faces pressure from lenders and needs to monetize its holding. Monetization amount will depend on valuations and immediate funding needs.
Oracle to spend $700 million more on restructuring costs as it ramps up AI spending
ORACLE-STOCKS:Oracle to spend $700 million more on restructuring costs as it ramps up AI spending
Quote of the day by Florence Nightingale: Live your life while you have it. Life is a splendid gift. There is nothing small in it. Her words centre on using life with intention and finding value in even its ordinary moments. The idea speaks to how we handle uncertainty, setbacks, relationships and the choices that quietly shape our days.
High school student Alex Patrone found a meaningful project during quarantine after receiving a 3D printer for his birthday. After making household items, toys, puzzles, containers, stands, and other products for his family, he decided to combine his interest in 3D printing with his desire to help people who were less fortunate. Through his project, Will Print for Food, Patrone offers 3D-printing services to the public and directs 100% of the profit, after materials and shipping costs, to charity. The selected organizations are Grassroots Crisis Intervention Center and Feeding America, with donations split evenly between the two organizations.
Reese Witherspoons former Libbey Ranch in Ojai was a seven-acre property combining historic architecture with extensive grounds and multiple amenities. Designed by architect Wallace Neff, the property was originally built in 1923 as stables for Edward Libbey. The ranch featured a two-story main house, guest cottages, a carriage house, swimming pool, barn, stables, pastureland and mature oaks. Witherspoons acting career and other real estate holdings were also noted.
Gulf states weigh rare meeting with Iran next week on Hormuz
Gulf states are considering a meeting with Iranian officials next week. Oman aims to convene foreign ministers to discuss the Strait of Hormuz. Escalating hostilities in Yemen may complicate these sensitive diplomatic plans. Iran stated plans are underway for discussions with Gulf neighbors. The Bab el-Mandeb chokepoint has become particularly sensitive for oil markets.
New Delhi [India], September 11: Kyptec Automation is strengthening its specialist industrial imaging portfolio with a focused range of 4K and 8K Line Scan Camera Lenses developed for high speed machine vision, continuous inspection systems, OEM equipment platforms, and industrial imaging integration. The current Kyptec Automation Line Scan Camera Lens portfolio includes three dedicated focal lengths of 25 MM, 35 MM, and 50 MM, with published support for 4K cameras using 7 micrometre pixels and 8K cameras using 3.5 micrometre pixels. By creating one focused optical family across multiple focal lengths and two major line scan resolution classes, Kyptec Automation is building deeper authority around continuous imaging, wide field inspection, optical resolution, working distance, and full field image consistency.
Stellantis Signs Memo with Roshel for Possible Sale of Idle Plant
Stellantis NV has signed a memorandum with a Canadian armored vehicle manufacturer that outlines steps toward the sale of an idled car factory near Toronto a move that represents yet another ripple effect of US tariffs on the Canadian auto sector.
Mumbai (Maharashtra) [India], September 11: PayU, India's leading diversified fintech platform, unveiled its AI-powered Fraud Liability Protect (FLP) solution for Indian merchants accepting international card payments at the Global Fintech Fest 2026. PayU's FLP solution offers risk and liability protection against modern-day AI scams and eligible fraud chargebacks for cross-border card payments through AI and risk-based decisioning, enabling safer and higher payments conversions for merchants.
Russias Sberbank plans major India push, to build business hub
Sberbank CEO Herman Gref announced plans for new financial and technology infrastructure tools. The bank will establish the largest Russian business hub in India, expanding its presence. Sberbank has been developing its financial business in India for sixteen years. Money transfers between India and Russia now take only minutes, improving business opportunities. Two office buildings are under construction and will be commissioned in 2028.
Coforge NRC chair resigns citing differences, tension between directors
In another major boardroom fallout at Coforge, its non-executive independent director and Nomination and Remuneration Committee Chairperson D K Singh has resigned, alleging differences and tension between independent and executive directors. The IT services firm, however, refuted Singh's claims as unfounded and an afterthought, saying his resignation followed an internal audit review that flagged governance lapses in how he and former Chairman O P Bhatt handled a board evaluation exercise. The development comes just days after Bhatt abruptly stepped down as Chairman of Coforge following the internal audit's findings that he and Singh withheld crucial board evaluation reports, including the lowest rating assigned to theChairman's category, from other board members. The former State Bank of India chairman had also failed to secure the required 75 per cent special resolution threshold at the company's Annual General Meeting on August 24 for his reappointment as independent ...
After chairman Bhatt, Coforge NRC chief Singh quits, cites differences in board
The countrys seventh-largest technology services firm announced Singh's resignation on Friday evening.
Demat 2.0 can allow investors to receive tokenised bonds instantly against payments made through the central bank digital currency (CBDC), significantly reducing the time gap in securities settlement, NSDL Managing Director Vijay Chandok said, while noting that wider trading will depend on regulatory approval and market readiness.
SBI to complete software, hardware deployment for DPDP compliance by Dec
State Bank of India (SBI) has procured software and hardware as part of its preparations for compliance with the Digital Personal Data Protection (DPDP) framework, with installation and deployment expected to be completed by December, a senior bank official said on Friday. Procurement of software is done and the deployment will be completed by December for DPDP compliance. Some hardware and software have been procured, and the installation will be done by December, the official said on condition of anonymity. As one of the country's largest banks, SBI processes large volumes of customer and financial data across its banking operations, making data security and privacy an important part of its technology and compliance architecture. The procurement and installation of the technology infrastructure aim to strengthen the bank's systems as it prepares to implement the new data protection regime. The move comes as banks and other organisations that process personal data are preparing
SBI developing solution to use UPI data for checking creditworthiness of small biz
State Bank of India is developing a UPI data solution for small businesses. This initiative aims to assess creditworthiness without requiring GST registration for these entities. The bank expects to provide digital loans within a single day for eligible borrowers. This new approach will help bring more businesses into the formal finance sector. UPI transactions will serve as a proxy for sales data in loan assessments.
Indias green hydrogen hubs could spread beyond the coast, says report
WRI India has identified inland sites in Jharkhand, Rajasthan and Punjab where clean power, water, pipelines and industrial demand could support production.
Granules India promoter Krishna Prasad Chigurupati sold 1.72 crore shares worth about Rs 1,500 crore through block and open-market deals. The sale funds the second tranche of a preferential issue, while promoter holding falls to 31.08% following the transaction today.
UPIs Tap & Pay, MYUPI shifts focus from payments to experience
For fintechs, the developments could mean that competition will increasingly move beyond payment processing and towards the quality of the overall customer and merchant experience
Sarvam introduces core intelligence factory for third biggest shift in Indias BFSI
Stating that AI is the third biggest shift for the BFSI sector, Head of Applied AI at Sarvam Vedant Trivedi said the country is still in its first year when it comes to the AI revolution
Drydocks World and Cochin Shipyard form JV to strengthen Indias ship repair industry
The joint venture will expand the International Ship Repair Facility to service more vessels and strengthen Kochis position as a maritime services hub
Bank of India mobilises $2.33 billion via FCNR(B), enough to meet one-quarter lending needs: CEO
Bank of India secured USD 2.33 billion through FCNR(B) deposits, replacing bulk funding sources. This mobilization will meet approximately three months of the bank's lending requirements. The Reserve Bank of India announced this special deposit scheme to strengthen liquidity positions. Banks are diversifying their deposit bases amid increasing credit demand from customers. The bank will maintain its 15-17 percent credit growth target for the year.
'Not just marriage with brother, more illegal stuff': Mullin drops bombshell on Ilhan Omar probe
Bank deposits grow 17.8% in August, fastest in decade as FCNR-B inflows mask local mobilisation woes
Bank deposits grew 17.8% year-on-year at the end of August, the fastest pace in a decade, driven largely by a surge in FCNR-B deposits after the RBI opened a special window for dollar inflows. Credit growth eased slightly to 19.1%, while banks continued to face challenges in mobilising domestic savings.
Nagaland Chief Minister and Deputy Chief Minister met Union Home Minister Amit Shah. They discussed state development priorities and the welfare of the people. The Nagaland Assembly also urged the Centre to withdraw the Protected Area Permit regime. This permit restricts foreign national entry into designated areas of the state. Withdrawal is sought for tourism and economic engagement opportunities.
Pakistan captain Babar Azam reached significant captaincy milestones during the Edgbaston Test. He surpassed 2,000 Test runs as captain and 7,000 international runs. England posted a substantial first-innings total after bowling Pakistan out cheaply. Pakistan responded better in their second innings, aiming to reduce the deficit. The match saw notable batting performances from both sides.
I was bleeding to death: COVID vaccine injury victim's emotional testimony stuns lawmakers
IndusInd Bank slapped with 1 cr penalty by IRDAI for corporate agent norms violation
The action follows an onsite inspection conducted during June 2023 and subsequent enforcement proceedings.
Dollar deluge prompts 1 trillion OMO; enough liquidity tools, says RBI governor
System liquidity crossing 11 trillion earlier this month has already prompted the central bank to withdraw surplus liquidity of over 8 trillion through multiple VRRR auctions.
IRDAI imposes 1 cr penalty on Canara HSBC Life for mis-selling policy to 88-year-old
Initiating proceedings, suo motu, on a social media post, IRDAI observed that the product specified an entry age of 30 to 80 years.
States should not cap road-tax benefits for EVs based on price: BMW India
BMW India chief Hardeep Singh Brar says price-based caps on EV road-tax benefits could push luxury-car buyers to neighbouring states and weaken the clean-vehicle transition
NSE's IPO to be second biggest till now as offer size cut, price band lowered
India's premier stock exchange, NSE, has finally revealed the long-anticipated details of its initial public offering. Existing investors will sell fewer shares at a revised price band, aiming to raise between Rs 21,494 crore and Rs 22,569 crore. The public can subscribe from September 17 to September 21, with the official listing set for September 24, marking a pivotal advancement for NSE.
SME IPO: Vama Wovenfab issue to open on Sep 15; sets price band at Rs 324-341/ share
Vama Wovenfab is set to launch its initial public offering on September 15, offering shares priced between Rs 324 and Rs 341. The company aims to raise Rs 49.5 crore, which will support various operational needs including working capital, machinery acquisitions, and the construction of a new shed. The equity shares will also be listed on the BSE SME platform.
BMW India to hike prices again due to rupee depreciation, commodity costs
BMW Group India will soon hike prices of vehicles across its portfolio, the fourth increase during this calendar year, as high commodity costs and rupee depreciation continue to pressure margins, the German luxury car maker's President and CEO Hardeep Singh Brar said on Friday. The auto maker has cumulatively hiked prices by up to 5 per cent for the BMW and MINI vehicle portfolios spread across three price revisions in 2026 till now in India. Speaking to reporters, the BMW Group India President and CEO said, The forex has hit us quite a bit. We have increased prices by 4-5 per cent till now and there's another one around the corner. So the prices will continue to go up for us because of the pressure of forex, of commodities, etc. We have already done three (price) increases this year and there's another one around the corner. We are considering it (the next price hike) may be, next month. Since last year January it (forex) has deteriorated about 18 pc. He was speaking after the
Distribution expansion, new products to drive HDFC AMC's growth prospects
HDFC AMC is betting on wider distribution, new products and alternative investments to drive AUM growth, even as higher costs and margin pressure weigh on performance
Silver Touch Technologies secures comprehensive IT services contract from Gujarat Urja Vikas Nigam
This engagement covers the computer servers, storage Systems, SAN-Switches, Tape Library and backup architecture with Silver Touch committed to ensuring application uptime services at a 99% SLA that empower GUVNL's e-Urja platform, the ERP backbone connecting the state's electricity generation, transmission and distribution utilities and serving over a crore consumer.
Raymond's aerospace arm wins order from leading Indian aerospace and defence major
With annual business potential of Rs 33 cr
BMW India to hike prices again on pressures from rupee depreciation, high commodity costs: CEO
The prices will continue to go up for us because of the pressure of forex, of commodities, etc and so on
US supplied almost three-fourth of Indias LPG imports in August
India imported about 0.62 mt of LPG from the US in August, after bringing in 0.89 mt in July, OPEC said on Friday
Metas Muse $20 vs $100 AI plans: How much revenue can its paid AI agent really generate?
Meta's new AI agent, launched on September 8, offers paid subscription plans of $20 and $100 monthly, but revenue remains small compared to its advertising earnings. The focus is on heavy users, while most will likely use the free tier.
E-commerce platforms flag pricing, ranking hurdles under new consumer rules
Platforms worry about pricing rules since products on the e-commerce marketplaces are supplied and priced by independent sellers
Piston Raises USD 15 Million to Scale the Infrastructure Layer for Logistics Commerce
Kolkata (West Bengal) [India], September 11: Piston, a cardless payments platform that connects commercial fleets and gas stations, today announced it has raised USD 15 million in Series A funding. FPV Ventures led the round, with participation from existing investors Spark Capital and Pear VC. The financing brings Piston's total capital raised to USD 22.5 million.
HSBC's Anita Mishra to move to London; Hiren Sanghvi to head India markets
Hiren Sanghvi will replace her as head of markets and securities services in India
Tata Trusts reviews ongoing projects, skips discussion on Chandras successor
There was discussion on projects related to water conservation and education at the trust meeting
SBICAP Securities ties up with Appreciate to offer Indian investors access to 8,000+ global stocks
The partnership makes SBICAP Securities one of the few platforms in India to offer access through both GIFT City-based Global Access Providers, India INX GA, and NSEIXGA, under a single platform
MPC will reassess growth-inflation dynamics at next meeting: RBI Governor
Reserve Bank's Monetary Policy Committee (MPC) will reassess growth and inflation dynamics at its meeting next month amid rising prices of crude oil due to the ongoing West Asia crisis, Governor Sanjay Malhotra said on Friday. In an interview to CNBC-TV18, the governor also said nearly 50 per cent of the Foreign Currency Non-Resident (Bank), or FCNR(B) deposits, mobilised under the forex swap facility is for 5-year tenor. The inflows under the FCNR (B) deposits totalled USD 127.22 billion in the recently concluded RBI swap facility. On inflation, Malhotra said the rising crude oil prices will have an impact but it will depend on how much is passed through, he said. Crude has gone up. July was for the Indian basket an average of 82 billion dollars. August it has gone up to 90 billion dollars and so that will certainly have some impact, but it will depend again on the pass-through, Malhotra said in the interview. According to him, the government has to a great degree absorbed and .
Manipal Payment and Identity Solutions IPO subscribed 1.42 times
The offer received bids for 1.85 crore shares as against 1.30 crore shares on offer.
Rentomojo IPO subscribed 72.88 times
The offer received bids for 158.68 crore shares as against 2.17 lakh shares on offer.
INR losses partially offset by a correction in crude oil prices
The Indian rupee pared most of its initial losses and settled at 95.57 (provisional) against the US dollar, down by 5 paise, on Friday, helped by a correction in crude oil prices and possible RBI intervention. The rupee opened on a negative note but pared some losses on suspected RBI intervention, a slight recovery in domestic stock markets from the day's lows and profit booking in crude oil prices at higher levels. Indian shares ended Friday's session lower as Middle East tensions persisted, and investors awaited key U.S. CPI data later in the day for additional clues on the Federal Reserve's rate trajectory. However, after crashing nearly 1 percent earlier in the session, benchmark indexes Sensex and Nifty sharply recovered most of their losses to end the day only with modest cuts. NIFTY 50 closed at 23,398.10, down by 79.70 points while BSE SENSEX finished at 74,781.76, dropping 120.83 points.
Manika Plastech IPO subscribed 1.42 times on day 1
The offer received bids for 3.04 crore shares as against 2.13 crore shares on offer.
Steamhouse India IPO subscribed 30.49 times
The offer received bids for 114.74 crore shares as against 3.76 crore shares on offer.
Karamtara Engineering IPO subscribed 62.63 times
The offer received bids for 159.17 crore shares as against 54.43 lakh shares on offer.
LCC Projects IPO subscribed 48.51 times
The offer received bids for 101.52 crore shares as against 54.43 lakh shares on offer.
Mirpur Chaturmas: A Unique Journey of Silence, Meditation and Inner Peace
Mirpur (Uttarakhand) [India], September 11: Away from everyday stress, the 1,300-year-old Shri Hamirpura Parshwanath Jain Tirth in Rajasthan's Sirohi district has emerged as a unique centre of spiritual practice. The ongoing 'Nij Mein Nivas-Mirpur Chaturmas' has brought together devotees who have taken a vow of silence and voluntarily given up the use of mobile phones. The 50-day spiritual retreat, which began on July 28, will continue until September 16.
Nifty ends below 23,400 as crude surge, rising yields pressure equities
The key equity indices ended lower on Friday after a gap-down opening, as escalating tensions in the Middle East and a sharp rise in crude oil prices weighed on investor sentiment. The sell-off eased from the day's lows, but the Nifty remained below the 23,400 level, dragged by weakness in metal and auto shares. Brent crude surged amid concerns over supply disruptions, while the US 10-year Treasury yield moved close to 5%, adding to pressure on risk assets.
Saudi airstrikes hit Yemen's rebel-held Mokha airport as Houthis take island near key strait
Yemen's Houthi rebels seized a strategic island in the Bab el-Mandeb Strait. This advance further threatens Saudi oil exports through a key global shipping lane. Saudi Arabia responded with airstrikes against the port city of Mokha, which the Houthis captured. The rebels' territorial gains could boost Iran's strategy to pressure the United States.
India's forex reserves jump $44.90 billion to record $785.71 billion as of September 4
India's foreign exchange reserves reached a record $785.71 billion. This surge followed a significant increase in the previous week. Foreign currency assets saw a substantial rise, contributing most to the growth. Gold reserves, however, experienced a slight decline during this period. Overall reserves show a considerable increase from both earlier this year and last year.
Prakash Industries gets environment clearance for Bhaskarpara Coal Mine expansion
West Bengal: Powerful explosion in TMC leader's abandoned house; no casualty
The blast took place around 2 am at the house of Trinamool Congress (TMC) leader Dwijen Mondal near Lal Pol in Uttarbhag area of Baruipur East, police said, quoting local residents.
'What a tragic fall from Singh is King': Congress slams 'weak Modi govt' over controversial US ad
Congress has criticized the Modi government for its silence on a US Department of Homeland Security advertisement. The advertisement asked 'Mr Singh' to self-deport, sparking controversy and accusations of racism. Congress stated the Modi government appears weak and unable to advocate for India's interests. This incident follows previous instances of perceived humiliation for Indians under the current administration. The party demands accountability for the government's perceived diplomatic failures and silence.
RBI deputy governor Murmu calls for stronger human accountability as finance automates
RBI deputy governor S. C. Murmu said automation cannot dilute lenders accountability, while payment systems must strengthen resilience, fraud controls and customer protection.
In a remarkable archaeological find, researchers in Poland have discovered a 5,000-year-old burial site from the Stone Age, situated close to a Roman cemetery. The grave housed a nearly intact male skeleton alongside two other skulls, amber beads, a flint knife, a stone ax and a necklace made of 42 sharp teeth. The grave was discovered at an archaeological site near Zorawina, in southern Poland.
School Holiday Tomorrow: On Saturday, September 12, 2026, most Indian schools are set to operate as usual. However, due to the second Saturday of the month, several institutions may shut down. Additionally, some districts could implement weather-related closures for student safety. Parents are encouraged to confirm the holiday status with their specific school and keep an eye on local administration updates for any changes.
Bank of India plans to raise $1 billion via OFCBs by December
Bank of India plans $1 billion overseas borrowing after raising $2.2 billion through FCNR(B) deposits as lenders seek to benefit from the RBIs hedging subsidy.
Having a favorite teacher is a fairly common experience. Students may naturally connect more strongly with certain teachers because their classroom experiences are influenced by more than the subject being taught. Feeling understood, supported and capable can all shape how students respond to a particular teacher. Research has also consistently found that positive teacher-student relationships are associated with greater student engagement and, in some studies, improved academic performance.
Prime Minister Narendra Modi on Friday expressed confidence that people-to-people ties between India and Russia will grow further with the translation of the Thirukkural into Russian, as he gifted the Russian version of the classical Tamil scripture to Russian President Vladimir Putin during their bilateral talks in New Delhi.
Satin Finserv Limited has announced the launch of ' The Climate Edition', a national initiative aimed at discovering and supporting students and early-stage startups building solutions to some of the most pressing climate and environmental challenges.
Trump rejects Saudi request for strikes on Houthis: Axios
The Iran-backed Houthis, who have for years controlled large parts of northern Yemen, launched a large-scale offensive last week against Saudi-backed government forces, killing hundreds.
Prasol Chemicals IPO subscribed 3.30 times
The offer received bids for 1.79 crore shares as against 54.43 lakh shares on offer.
Can Fin Homes strengthens its technology landscape with Project Tejas
Can Fin Homes has been progressively strengthening its technology landscape to build a connected, agile and future-ready organisation. In this direction, Project Tejas symbolises a paradigm shift towards a digital future for Can Fin Homes. The acronym 'TEJAS' stands for Tech Enhanced Journey for Agility C Scalability.
Vikram Solar secures 124 MW module supply order for solar project in Andhra Pradesh
Vikram Solar has secured a 124 MW module supply order for a solar project in Anantapur, Andhra Pradesh. The order is placed by Capital Energy.
Ultraviolette Auto eyes funding from Yali, Speciale and TDK as part of ongoing round
Ultraviolette is stitching together over 500 crore from new and existing investors as it steps up manufacturing in Karnataka and Tamil Nadu and expands its electric two-wheeler portfolio.
Following an early morning slump, Indian stock markets rebounded robustly on Friday. This turnaround was encouraged by a significant drop in oil prices and a moderation in bond yields from their recent peaks. The anticipated discussions between Gulf nations and Iran regarding shipping management in the Strait of Hormuz also played a crucial role in easing supply concerns and stabilizing the market.
Mint Explainer| How quick commerce is changing Indias super-app strategy
Quick commerce has grown from being an extension of grocery delivery into a much larger business for several consumer companies. Do platforms really need a separate app for their offerings?
Decathlon India's wholesale business grows 20-fold in 5 years, contributes 10% of revenue
Decathlon Indias revenue for the financial year ending March 31, 2025, was 4,133.10 crore. It has not yet filed FY26 numbers with the Registrar of Companies
Nifty trades below 23,400 level; auto share decline
At 14:30 IST, the barometer index, the S&P BSE Sensex tanked 104.74 points or 0.14% to 74,795.53. The Nifty 50 index lost 60.35 points or 0.25% to 23,416.40.
To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is insufficient. While AI holds the promise to connect more individuals with insurance, accessibility issues persist. Special attention is needed for the often-overlooked 'missing middle' demographic. Establishing consumer trust and providing adequate coverage are key to broadening insurance use. Defining shared responsibilities is essential for achieving universal insurance access.
Japanese stocks fall as oil prices and bond yields rise
Investors also remained cautious ahead of the US CPI report. Thursdays stronger-than-expected producer price data raised expectations that the Federal Reserve could raise interest rates next week.
China stocks fall as oil prices and US yields rise
Investor sentiment was hurt by higher oil prices and rising US Treasury yields. Oil prices stayed elevated after Trump said he did not expect the Iran war to end before the November midterm elections, adding to concerns that crude prices could remain high.
India's new business transition economy: What happens after a business is built?
New Delhi [India], September 11: India's entrepreneurial story is gradually entering its next defining chapter, one that goes beyond starting and scaling businesses to answering a more complex question: what happens after the business is built?
Decathlon India's wholesale business grows 20-fold, adds 10% to revenue
Decathlon Sports India, leading sports goods manufacturer and retailer, on Friday said its wholesale or Business-to-business (B2B) business has grown 20-fold over the last five years and the vertical contributed about 10 per cent to the total revenue. According to RoC filings, Decathlon India's revenue from operations was Rs 4,133.10 crore for the financial year ended on March 31, 2025. It is yet to file the FY26 numbers with the Registrar of Companies (RoC). The wholesale business now delivers to more than 20,000 pin codes across India, covering over 90 per cent of the country. Tier 2 and Tier 3 regions, including high-altitude terrains across Jammu & Kashmir, Leh & Ladakh, Himachal Pradesh and the Northeast, contribute more than 40 per cent of total B2B revenues, the company said in a statement. Decathlon India's wholesale arm is evolving into an integrated sports solutions partner, expanding its footprint to defence establishments, government bodies and over 20,000 ...
Sri Lotus Developers shares jump 3% to fresh 52-week high after Capital Group buys nearly 2% stake
Sri Lotus Developers shares hit a fresh 52-week high after a Capital Group fund acquired a 2% stake worth over Rs 195 crore. The promoter stake sale helped meet minimum public shareholding norms. The stock has more than doubled since its March low, while Q1 FY27 profit rose 77% year-on-year.
Jefferies' 25% CAGR club: Paytm, Groww among 5 financial stocks that can deliver up to 25% returns
Jefferies has identified Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp as its 25% CAGR club of Indian financial stocks. The brokerage expects strong earnings and revenue growth over FY26-29, supported by scale, new business initiatives and operating leverage, while maintaining Buy calls on all five stocks.
