26 C 
Canada & EU are stronger together: Carney rules out third bloc
PNS Hunain severely damaged after collision with INS Kolkata 3 times its size
Pakistan Navys PNS Hunain sustained severe damage after colliding with the Indian Navys INS Kolkata in the North Arabian Sea, with the Pakistani vessel returning to harbour for repairs. The two sides have offered conflicting accounts of the incident. Indian sources highlighted the vessels considerable size difference, noting that INS Kolkata weighs nearly three times as much as PNS Hunain.
At least 48 dead in Nigeria after consuming drink suspected to contain methanol, authorities say
At least 48people have died in southern Nigeria after consuming a local alcoholic drink. Around one hundred others are receiving medical treatment for suspected methanol poisoning. Officials reported the incident occurred in Odigbo and Irele local government areas. Police have arrested fifteen individuals in connection with the deadly concoction. Investigations are ongoing into the production of the unsafe drink.
Trump may not see another rate cut as president
The Federal Reserve has made headlines by increasing its policy rate target range, amid calls from President Trump for lower interest rates within the country. Market analysts are now predicting further increases in the coming months, influenced by ongoing geopolitical issues and inflation worries. Such dynamics hint that interest rates might remain high for the foreseeable future.
What will Trump and Xi discuss in Washington next week?
US President Donald Trump will host Chinese President Xi Jinping on September 24 for their second meeting this year, with trade, Taiwan, Iran, artificial intelligence and fentanyl flows among key issues. Washington is seeking trade wins, while Beijing wants further tariff relief and concessions as tensions between the two powers persist.
A social media post claiming that the Centre has ordered the consolidation of nine public sector banks into three entities has been debunked by PIB Fact Check. The fabricated notification falsely presented the proposed mergers as a Finance Ministry Gazette order. The claim comes months after another fake PSU bank merger graphic circulated online, while Indias actual 2019 consolidation involved 10 banks.
El Nio puts India on track for its driest monsoon since 2009
India is set to face its driest monsoon in 17 years as El Nio curtails rainfall. This deficit threatens crop yields and increases food price risks across the nation. Forecasters predict a significant rainfall shortfall for the current monsoon season. The government is taking measures to manage rising food costs and ensure supplies. Farmers depend on these rains for irrigation and their livelihoods.
Disney names insider Adam Smith as chairman of streaming business
Disney has named insider Adam Smith chairman of its streaming business as the entertainment giant sharpens its focus on Disney+ and Hulu. Smith will oversee strategy and development for its global streaming, advertising technology and emerging technologies.
Morning Brief Podcast: Why Volkswagen Needs JSW
US F-16 fighter jet crashes in Michigan, hazardous chemical spill triggers evacuation
An F-16 fighter jet crashed in rural Michigan on Thursday after its pilot safely ejected, according to military and local officials. The pilot was taken to a hospital and was conscious and speaking with law enforcement. Nearby residents were temporarily evacuated after authorities reported a hazardous chemical spill from the wreckage.
US expected to delay excess capacity tariffs until after Xi summit: Report
The United States is expected to postpone announcing new tariffs targeting what it considers excess manufacturing capacity among trading partners until after next weeks planned summit between Chinese President Xi Jinping and US President Donald Trump, Bloomberg News reported, citing people familiar with the matter.
Ammann betting on India as global manufacturing and export hub: CEO Schneider
The Swiss road-equipment maker aims to expand exports from its Gujarat plant to Europe, emerging markets, and potentially the US, turning India from a regional market into a global production and R&D base, Schneider said.
Influencer hiring gets smarter as brands look beyond follower counts
Indias creator pool has grown more than fourfold since 2020, making follower count an increasingly insufficient measure of creator value. As creator databases and AI tools help brands assess and manage talent at scale, hiring is shifting towards audience authenticity, engagement and conversion.
Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge
Indian equity benchmarks exhibited a mixed performance on Thursday, September 17, amid ongoing volatility. The Nifty 50 index experienced a modest increase, while the Sensex noted a slight decrease. Corporate developments drew attention to Tata Group firms and Wipro, with Bharat Electronics securing fresh orders and Petronet LNG initiating discussions for a joint venture. Other notable advancements came from HAL and Bharat Forge.
Tata Sons' board reappointed its executive chairman, N Chandrasekaran, for five years. This decision faced opposition from Tata Trusts' chairman, Noel Tata, who deemed it illegal. The dispute arises from differing interpretations of RBI norms and the company's private status. Tata Trusts believes Noel Tata's dissenting vote acts as a veto power. The company must now navigate these challenges and comply with regulatory requirements.
Trust deficit: Bombay House splits over Tata Sons listing and Chandrasekaran's return as chairman
Tata Sons board nominees Noel Tata and Venu Srinivasan clashed on listing and chairman's reappointment. Chandrasekaran's reappointment and listing proposal passed with casting votes. Some Tata Trusts trustees dispute Noel Tata's positions as their collective view. The company faces regulatory pressure to comply with NBFC framework requirements. Disagreements could lead to legal challenges regarding board decisions.
Sebi to examine discount brokers concerns over new UPI MDR
Sebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impact large fund transfers starting October fifteenth. Brokers are particularly concerned that these additional costs may heavily burden them, as trades are not insured after the transfers are made. Additionally, the complexity of quarterly settlements could further escalate their expenses.
Tata stocks rise on listing hopes, Chandra's extension
Tata Sons has announced the reappointment of N Chandrasekaran as executive chairman for the next five years, sparking discussions about future strategic moves, including a possible listing. However, Tata Trusts has deemed this reappointment legally void, signaling potential tensions that may hinder group initiatives and delay unlocking shareholder value. The conflicts between these entities are significant as they impact leadership and strategic direction.
Market rides out 'expected' US rate hike, Nifty up 0.2%
Indian stock markets wrapped up the day on a slightly positive note on Thursday, digesting the anticipated hike from the US Federal Reserve. The Nifty index gained traction, while the Sensex slipped marginally. As bond yields eased following the 25-basis-point rise and oil prices corrected, domestic institutions buoyed market performance amidst foreign investor sell-offs. This resilience in broader indices suggests a healthy sentiment among investors despite the volatility.
NSE IPO subscribed 0.43 times on day 1, NII bids highest
The National Stock Exchange's large initial public offering saw limited subscription on its first day. Non-institutional investors placed the most bids, while retail and qualified institutional buyers showed less interest. This offer for sale involves existing shareholders selling their stakes, not raising new capital for the exchange. The subscription period remains open until September twenty-first, with shares expected to list soon after.
Jennifer Lopez and Ben Affleck's Beverly Crest estate is back on the market. The couple purchased the sprawling property for over sixty million dollars. This massive estate features twelve bedrooms and twenty-four bathrooms across its grounds. It was initially listed for one hundred thirty-five million dollars years ago.
The truck driver didn't even know English or Spanish': Angel mom exposes California's CDL scandal
Coforge confident of growth outlook, deal pipeline at record: JM Financial
Coforge expects constant-currency revenue growth of 3-4 per cent sequentially, while its large-deal pipeline is at a record level, according to JM Financial
Putin Signs Decree to Seize Control of Nestle Assets in Russia
Russia seized control of the local assets of Swiss food giant Nestle SA and French supermarket chain Auchan, placing their stakes in Russian businesses under temporary administration.
Mumbai (Maharashtra) [India], September 17: Precision remains at the heart of carpentry, where every cut, joint, and assembly requires the right technique, material, and often, the right adhesive. While conventional fixing methods may work for standard applications, bonding curved edges, working on vertical surfaces, and handling intricate details can add to the challenges faced by carpenters. With speed, precision, and clean bonding becoming increasingly important, the choice of adhesive can play a significant role in completing carpentry work efficiently.
MDR rollout will be monitored to protect users
Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.
Why Noel is challenging tie-breaker vote that backed Chandras reappointment
Under Section 121 of Tata Sons' rules, a majority vote of the Tata Trustees' nominees is needed to appoint or reappoint a chairman.
Have not agreed to listing, Tata Sons board to meet again: Tata Trusts
The Trusts said in a statement that these options will be assessed by the Board on an immediate basis, after which a separate Board meeting will be convened to consider that assessment
N Chandrasekaran's five-year extension lifts Tata stocks, but not TCS
Chandrasekaran's continuation brings relief, but TCS remains under pressure from AI disruption, geopolitical risks and high bond yields
Tata Trusts proposes SP Group's 25,000 cr Tata Sons stake monetisation
The proposal seeks to address the SP Group's liquidity needs without a Tata Sons listing, through the sale of shares held by Cyrus Investments and Sterling Investment.
Noel Tata tables 25,000 cr SP Group share monetisation plan for Tata Sons
SP Group owns 18% in Tata Sons and is looking atvarious waysto raise liquidity to repay debt
Starting October 1, 2026, SNAP benefits and income limits are poised for a substantial increase. Eligible households can expect a notable rise in monthly allotments, while the USDA updates income thresholds essential for SNAP eligibility. Furthermore, many households will see adjustments to their standard deductions for specific expenses, all of which will significantly impact benefit calculations for program participants.
Bengaluru Cantonment station redevelopment to be ready by December: Somanna
Bengaluru Cantonment railway station will open by December 2026 after a Rs 485 crore redevelopment. Yesvantpur station upgrades will finish by November, and KSR Bengaluru station master plan is underway. Track capacity around Bengaluru is expanding to manage rising passenger and freight traffic. A mega coaching terminal at Yelahanka is planned for future rail needs. The Railways is also eliminating level crossings and quadrupling the Bengaluru-Tumakuru line.
Oil India plans to spend 15,000 crore for deepwater exploration over three years: CMD
CMD Ranjit Rath stated Oil India does not foresee any technological or infrastructural challenge for pursuing deepwater and ultradeepwater exploration.
Experts back India's stand on Indus Waters Treaty at UNHRC sidelines conference
Experts at a UNHRC conference backed India's Indus Waters Treaty stance. They argued for examining the treaty in the context of security and human rights. Pakistan's conduct affected the treaty's spirit, according to one speaker. Domestic factors contribute to Pakistan's water challenges, it was noted. The conference highlighted community water rights beyond bilateral agreements.
Hiranandani goes solo with industrial platform Greenbase 2.0 expansion
Greenbase 2.0 will develop 5 million sq. ft across 215 acres as Hiranandani leads the next phase of the business.
In 1901, divers searching a Greek shipwreck found something no one expected: a small, corroded machine packed with gears. It was the Antikythera Mechanism, built more than 2,000 years ago. At first, it looked like an ordinary relic. Then scientists began studying its intricate parts. More than a century later, the device is still changing what we know about ancient Greek astronomy, mathematics and mechanical knowledge.
NASA conducted experiments to study fire behavior in microgravity. Uncrewed Cygnus spacecraft were used after departing the International Space Station. Combustible materials were ignited inside these spacecraft for research purposes. These investigations collected data on flame growth and spread in space.
Listing will destroy Tata groups character: Noel Tata
Noel Tata also voiced his opinions against sharesaleinboardmeeting
Tata Sons board backs Chandra for third term, Noel Tata calls vote legal nullity
Tata Trusts oppose listing, seek alternatives to comply with RBIs upper-layer NBFC norms
The six people sitting on the board of Tata Sons
Here's a look at the six-member board of Tata Sons, the holding Tata Group company commanding India's largest conglomerate.
Brokerages seek MDR for capital market transactions to be limited to 2 basis points
At an MDR rate of 2 per cent, the 300 cap would apply only to transactions of around 15 lakh, while UPI transaction limits are around 5 lakh for relevant transactions
Noel Tata threatens to veto Tata Sons listing, wants three-year window from RBI
Noel Tata said Chandrasekaran had assured the board in September 2025 and February 2026 that the company was taking all necessary steps to keep it private. Today's meeting outcome will validate if that statement was sincerely given, he said.
ZEE shareholders approve reappointment of five directors at annual meeting
Shareholders approved the reappointment of four independent directors and non-executive director Saurav Adhikari with the requisite majority at the company's AGM
Centre to monitor UPI MDR charges daily from 15 October
Banks and payment aggregators have been told not to pass the levy on to consumers as government seeks to prevent a shift to cash.
LCA delays, engine deals shape HALs growth roadmap: Ravi K, HAL CMD
HAL CMD Ravi K specified that a few radar issues and weapon integration is done
Festive online retail surge set to lift gig hiring as platforms prepare for five-year high
The growth comes as Indias online retail market is expected to cross $90 billion in calendar year 2026, expanding 22-24 per cent from a year earlier
Tata Electronics, Applied Materials bolster Indias chip push
Semicon 2.0 has attracted 1 trillion in investment commitments, with the funds expected to be deployed over the next two to three years, says Union IT minister Ashwini Vaishnaw.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities ended mixed on Thursday as Sensex slipped 22 points after sharp volatility during the closing auction session, while Nifty gained 53 points. Mid- and small-caps outperformed, with capital goods, industrial, defence, power and healthcare stocks attracting buying interest.
Meesho's Valmo helps 10,000 delivery partners file income tax returns
The programme has helped partners claim Rs 2 crore in refunds, with nearly 70 per cent of those who initiated income tax return filing being first-time tax filers.
Practo rejigs top leadership; Shashank ND named MD, Executive Chairman
Practo is also expanding its presence beyond India, with operations in the UAE and the US
Sebi bars Kore Digital promoters over alleged Rs 541 crore revenue misstatement
Sebi has restrained Kore Digital and three key executives after finding prima facie evidence of misstated financials, questionable subsidiaries, suspicious accounting and alleged diversion of preferential issue proceeds. The regulator also blocked main-board migration and ordered a forensic audit of company records.
KAS Technologies seeks R&D incentives to boost domestic chip ecosystem
KAS Technologies has sought government incentives for developing semiconductor tools, subsystems and components locally, along with greater support for commercialising IP.
Tata Trusts puts Rs 25,000 cr SP Group liquidity plan before Tata Sons board
Tata Trusts Chairman Noel Tata presented a proposal to monetize Shapoorji Pallonji Group's Tata Sons stake. This plan aims to generate significant funds without forcing a public listing of the holding company. The transaction would involve selling shares over eighteen months, subject to regulatory approvals. This initiative seeks a fair and equitable solution for the SP Group's significant Tata Sons holding.
Oil India to spend 15,000 cr over three years on deepwater drilling
State-run Oil India plans to drill deepwater exploration wells across the Andaman, Krishna-Godavari, Mahanadi and Kerala-Konkan sedimentary basins over three years.
Biggest opportunity lies in operationalising AI across firms: Coforge CEO
Coforge CEO Sudhir Singh says IT services firms can bridge the gap between AI adoption and operationalisation as the technology puts pressure on traditional businesses.
Indias online retail market set to cross $90 billion in CY26: Redseer
During the festive season, quick commerce is projected to grow 110-120% YoY, compared with 16-18% for the rest of e-commerce
Tata Trusts says it has not agreed to the listing of Tata Sons, calls for all options to be explored
Tata Trusts have not agreed to the listing of Tata Sons. The Tata Sons board will explore all available options immediately. Noel Tata believes listing would destroy the company's character. The board previously concluded in March 2024 that the company should remain unlisted. A separate board meeting will determine the appropriate course of action.
Sebi bars Kore Digital, three top execs from capital markets over alleged fraud
The markets regulator has ordered a forensic audit after a preliminary probe revealed alleged revenue inflation of over 540 crore, fund diversion, and non-existent entities.
The Swedish company aims to grow Indias share of global revenues to about 25 per cent by 2030 from a little less than 10 per cent in 2025
Longevity healthcare startup Vytalyou raises 8-10 cr in growth funding
Mumbai-based Vytalyou has raised Rs 8-10 crore at a valuation of around Rs 33 crore to expand its network in Mumbai and enter other major Indian cities in 2027
RBI FAQs may pave way for Tata Son's listing
The RBIs latest clarification leaves Tata Sons with little room to rely on its debt-free status as a basis for deregistration.
Oil India to invest 15,000 crore over next three years to explore offshore deepwater blocks: CMD
The announcement comes about a month after the Union cabinet approved a national offshore exploration scheme with an outlay of 84,084 crore until FY31.
Captain Polyplast bags MSEDCL order to install solar water pumping systems
The order includes the design, manufacture, supply, installation, testing, and commissioning of off-grid DC solar water pumping systems for farmers in Maharashtra
Oil India plans 15,000 crore capex for deep, ultra-deepwater exploration
The state-run E&P company is expanding its offshore footprint while strengthening seismic evaluation, drilling capabilities and integrated energy infrastructure
PSU general insurers swing to 10,051-crore loss as solvency ratio deteriorate
Three of four state-run general insurers reported negative solvency ratios in FY26; combined underwriting loss widened sharply, GIC data show
Zee focuses on content, digital profitability, monetisation: Punit Goenka
Zee is strengthening its content strategy and monetisation while building new growth engines across micro dramas, kids' content and live entertainment, CEO Punit Goenka said
RBI cancels licences of 5 NBFCs, 8 others surrender registrations
The Reserve Bank of India cancelled five NBFC registration certificates on Thursday. Eight other NBFCs surrendered their registrations for various business reasons. Some companies ceased to be legal entities due to mergers and dissolutions. Anagram Industries and CDN Finance surrendered registrations after meeting specific criteria. These actions reflect regulatory adjustments within the financial sector.
InGovern's Shriram Subramanian says Tata Trusts' opposition to N Chandrasekaran's reappointment could push the matter to court or a shareholder vote, with Noel Tata's stance potentially proving decisive at the AGM.
Puravankara secures 2,600 cr redevelopment rights in Mumbai's Goregaon
Spread across 4.68 acres in Goregaon West, the project has a developable potential of about 1.05 million sq ft and marks Puravankara's eighth Mumbai redevelopment.
Six companies make record stock market debut in a day, five end higher
Five of the six companies ended above their issue prices, led by Karamtara Engineering, as a record number of mainboard firms listed on the stock exchanges in a day
Homebuyers in Ahmedabad, Chennai, and Delhi-NCR prefer larger homes, especially 3BHKs, according to ANAROCK's H1 2026 survey. The 90 lakh 1.5 crore price range is most favoured, reflecting a shift towards premium housing despite rising prices, with many buyers prioritising space and quality.
EPFO wage ceiling of 25,000 too little, too late, says AITUC
The All India Trade Union Congress (AITUC) demands that the ceiling be raised to 30,000 to include deserving sections of employees
EU curbs fail to dent Indias steel push: 80% exports retain FTA benefits
The EU has since July 2026 implemented an amended quota-based system for certain steel imports that drastically cut country-wise quotas in a bid to reduce overall steel imports
Hiranandani-backed Greenbase to invest 3,500 cr in logistics space
Greenbase plans to develop 9 million sq ft of industrial, warehousing and logistics infrastructure over five years, with 5 million sq ft planned in Tamil Nadu
Chandra's reappointment 'illegal', says Noel Tata-led Tata Trusts
Tata Trusts has called N Chandrasekaran's reappointment as Tata Sons chairman illegal, citing the company's Articles of Association and Noel Tata's dissenting vote
AI data centres expected to drive 20% of Infineons revenue
The opportunity extends beyond GPUs, models and memory to the power-generation, transmission, storage and delivery systems, said CEO Jochen Haneback
Kothari Group enters FMCG sector with new coconut water drink
The sugarless natural tender coconut water will be available in 200 ml packs priced at 50 with a 1-litre pack to be introduced soon
India's textile exports up around 10% on year in first five months of FY27
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FinMin allays fears of increase in cash transactions post UPI MDR levy: Sources
The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI volume will be affected by this new charge. RuPay debit card transactions will remain free, mitigating cash transaction concerns. The ministry will monitor to prevent MDR burden transfer to consumers. This measure aims to create a sustainable digital payments ecosystem framework.
Coal India announces appointment of director on board of Northern Coalfields
New Delhi [India], September 17: The International Trade & Delegation Federation of Chambers (ITDFC), under the leadership of Mr. Bency George, will lead a business delegation from India to the Second Russian Indian Business Forum, TIME: Tatarstan Initiative Mutual Efficiency 2026, scheduled for October 15 and 16 in Kazan, Republic of Tatarstan, Russia. Around 15 companies have confirmed their participation so far, and ITDFC is inviting more companies, investors and industry representatives to join the delegation. The initiative follows a formal invitation from the Government of the Republic of Tatarstan to Mr. Bency George, Chief Operating Officer, ITDFC, to attend the forum.
Former KKR India chief Sanjay Nayar buys Mumbai home for 90 crore
Sanjay Nayar, chairman of Sorin Investments, purchased a 90 crore luxury apartment on Carmichael Road, reflecting the rising demand for high-end properties in South Mumbai.
Puravankara secures 4.68-acre redevelopment project in Goregaon West, Mumbai
With estimated gross development value of Rs 2,600 cr
Jain Irrigation secures water pumping systems project of Rs 117.96 cr
From MSEDCL
Nestle completes 50 yrs of partnership with PTC Group
The scale of PTC Groups journey is reflected in its cumulative business operations exceeding $1 billion
Bengaluru (Karnataka) [India], September 17: With the UK's September 2026 - 2027 intake under way, Unlimit Mobile - the international connectivity brand operated by Zetexa Global, an India-based travel ancillary and licensed telecom infrastructure company - is offering Indian students a UK mobile number that is purchased, verified and activated before they leave India, removing one of the most common friction points in the first week abroad.
Barometers trade sideways; Nifty ends above 23,250
The Feds indication of another rate hike in 2026 kept investors cautious, particularly across rate-sensitive and foreign-portfolio-investment-driven segments. However, selective buying in domestic sectors helped the Nifty close above the 23,250 mark. Market participants are likely to track currency movements, US bond yields and foreign fund flows for further direction.
Puravankara secures redevelopment project in Goregaon West worth Rs 2,600 crore
Puravankara said that it has secured redevelopment rights for three residential societies in Bangur Nagar, Goregaon West, Mumbai.
Japanese stocks extend gains as weaker yen lifts exporters
The gains came after the US Federal Reserve delivered an expected interest rate hike while signaling further tightening to keep inflation under control. The yen weakened against the US dollar following the decision, which supported the outlook for Japanese exporters.
