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NSE anchor book draws Rs 6,746 crore from 150 plus anchor investors
In a successful share sale, the National Stock Exchange captured the interest of more than 150 anchor investors. Notably, overseas funds accounted for 43% of the stocks allocated for this category. Domestic institutional investors also played a crucial role, contributing significantly to the anchor book. Overall, the exchange raised 6,746.18 crore from these investors, with the public offering scheduled to open on Thursday.
EQT Group plans to invest $50 billion in India by 2030: Jean Eric Salata, Chairman
The biggest bottleneck today in AI adoption is not technology but business workflows and process implementation. This is where we see tremendous growth potential for our portfolio companies, says Jean Eric Salata, Chairman, EQT Group.
Story of Michael Jackson's patented anti-gravity shoes remains one of the most intriguing pieces of music and performance technology from the 1990s. What looked like an impossible feat was actually the product of carefully engineered footwear, concealed stage hardware and precise choreography.
An 11-year-old boy named Yan Hongsen gained attention for his rocket projects in 2024. He taught himself programming, physics, and chemistry to build rockets and code systems. Yan began building his first rocket, Sen Xing, in August 2022 and launched it in June 2023. His initial rocket launch unfortunately ended in a crash due to a parachute issue.
Boeing Shares Fall as Company Sees 777X Tests Spilling Into 2027
Boeing Co. expects some testing on the upcoming 777X model to spill into 2027, even as the US planemaker reiterated that deliveries of the long-delayed model are on track to begin next year.
UPI MDR could create Rs 27,000 crore revenue pool by FY28: Bernstein
A 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of this estimated revenue. Merchant-side payment apps and acquiring banks will also capture significant revenue shares. This levy aims to sustain UPI infrastructure and support its continued expansion. The charges remain well below card fees and exempt many smaller transactions.
RBI clarifies principal business rules for NBFCs, CIC definition after Tata Sons CoR rejection
The Reserve Bank of India has clarified definitions for financial activity and core investment companies. This clarification follows the rejection of Tata Sons' application to surrender its registration. Companies must meet specific asset and income thresholds to be regulated by the central bank. Tata Sons, an unlisted holding company, now faces enhanced regulatory scrutiny. The central bank's decision effectively pushes Tata Sons towards a mandatory public listing.
UPI MDR could cost 47.2 bps with GST for merchants
The new framework introduces a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, capped at ?300 on transactions of Rs 75,000 and above, while consumers will not be charged. It takes effect from October 15. GST is paid by the service provider who typically recover the amount from whoever receives service.
Blue Dart appoints RS Subramanian as MD to succeed Balfour Manuel
Subramanian will take charge on November 30, subject to approvals, while outgoing managing director Balfour Manuel will remain with the company as senior strategic adviser until May 2027
First Solar drops ITC patent case, shifts focus to lawsuits against rivals
FIRSTSOLAR-PATENT:First Solar drops ITC patent case, shifts focus to lawsuits against rivals
New Delhi [India], September 16: The National Institute of Electronics and Information Technology (NIELIT), under the Ministry of Electronics and Information Technology (MeitY), Government of India, in collaboration with Infineon Technologies, today inaugurated the NIELIT-Infineon Centre of Excellence (CoE) on Semiconductor Manufacturing at NIELIT, Ahmedabad, Gujarat.
PM Modi-Egyptian President Sisi BRICS meet focused on Mecca Pact and its impact
Egyptian President el-Sisi and Indian Prime Minister Modi discussed the Mecca Pact. They also explored widening their strategic partnership during the BRICS summit. Egypt, a new BRICS member, has avoided joining the Mecca Pact. This decision reflects its strategy of neutrality and growing ties with India. Egypt maintains stability in North and Northeast Africa while engaging with neighbors.
The Wood Horse Receive Day highlights the idea that progress does not always require more effort. Sometimes, the shift comes after you have done everything within your control and leave room for circumstances or other people to play their part. What has seemed stuck may not need to be pushed any harder; it may simply be waiting for the final piece to fall into place.
Manoj Jarange Patil advances Mumbai march, dares government to stop him
Manoj Jarange Patil plans to arrive in Mumbai ahead of his protest for OBC reservation, challenging the government to intervene. He has issued a stern warning against any lathi charges directed at protestors, highlighting the potential for drastic reactions. Urging the Chief Minister to expedite the issuance of Kunbi caste certificates, Jarange Patil expressed his readiness to sacrifice everything for the cause of his community.
A Finnish couple spent five years searching Google Maps for their dream private island before finding a five-acre property in Finlands archipelago. Aleksi Hautamki and Milla Selkimki bought the island, sold their Helsinki apartment and built a solar-powered, off-grid retreat called Project . The secluded island home, complete with a sauna, private beach and hot tub, was later offered to guests for up to $2,400 a night.
Coaching how to evade state law: Hawley exposes George Soros-funded abortion pills company Danco
Quote of the day by Jack Nicholson from The Departed explores responsibility, courage, personal agency and success. The line is spoken by Frank Costello, Nicholsons character in Martin Scorseses 2006 film. Its meaning is linked to refusing passivity, taking responsibility and shaping ones surroundings, while also showing why ambition without limits can lead to harmful choices.
'You took advantage of murder victims mother: Goldman vs NY Sheriff heated exchange shocks house
PM interacts with chip industry ahead of Semicon event
Prime Minister Modi will address the semiconductor industry gathering, weeks after the government notified the second phase of the India Semiconductor Mission.
BharatPe moves Delhi HC against Centrum, JBCG over Unity Bank warrants
Resilient Innovations alleges unauthorised transfers and encumbrances involving Unity Bank warrants and seeks interim protection against further transactions from the court.
Alkem Laboratories launches NeuCeno for partial-onset seizures in adults
The once-daily oral therapy is available in five strengths, with clinical studies showing reductions in seizure frequency among adults with uncontrolled focal seizures
LIC, Norway's sovereign fund, ADIA anchor NSE's 6,746 crore IPO issue
Exchange allocated 37.79 million shares at Rs 1,785 each to 189 investors, with offshore institutions taking 43 per cent and domestic mutual funds nearly 37 per cent
Listing to provide Tata Sons flexibility to raise debt, equity: InGovern
Tata Sons has outgrown the governance model of a private holding company, given its influence over a large listed ecosystem, more than 1.77 crore shareholder or folio accounts, and capital-intensive projects of national significance.
Delhi, Maharashtra, Karnataka top NITI Aayog's 2025 index for states' electric mobility transition
The top-performing states retained their leading positions from last year as the overall median score improved to 40 from 36.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities rebounded on September 16 after Tuesdays sharp sell-off, with Sensex gaining 333 points and Nifty rising 99 points. Large caps led gains, while broader markets declined. Groww, Paytm and Pine Labs featured among the most active stocks.
L Catterton to invest $30 mn in southern restaurant chain Nandhana Foods
The global consumer-focused fund will acquire a minority stake, supporting the restaurant group's expansion in South India, entry into other markets and stronger operations
Sebi bars two entities over alleged cross-derivatives manipulation
India's market watchdog has intervened, prohibiting two companies for their role in stock derivative price manipulation. They reportedly employed advanced options and futures strategies to make significant profits, deliberately incurring losses in stock futures to sway option prices. The focus of this manipulation was notably on smaller-cap stocks, which are more susceptible to such tactics.
EQT Group to ramp up India presence with $50 billion investment plan over next four years
The global private-equity firm plans to expand beyond large buyouts into data centres, infrastructure, mid-market companies, venture capital and secondary transactions in India.
Fortis Healthcare files SLP against forensic audit order in Daiichi Sankyo case
The petition challenges a Delhi High Court order seeking to examine transactions involving former Fortis promoters and the healthcare company.
Spiralling copper prices hit MSMEs in Coimbatore
Quick commerce gets a festive boost as Ganesh Chaturthi drives demand for idols, modaks
Swiggy Instamart logs 176% year-on-year jump in demand for eco-friendly clay idols during festival
Amazon brings Alexa+ to India, says kids friendly with parental control
Alexa+ is Amazons generative artificial intelligence (AI)-powered personal assistant that is conversational, smarter, deeply personalised, authentically Indian, and takes action in the real world
PM Surya Ghar holds 132 GW market potential: ISMA
ISMAs assessment is based on national residential electricity consumption, household housing characteristicsand distribution-utility tariffs
EQT to invest $50 billion in India by 2030, $30 billion in data centres
Swedish private equity firm expects data centres to draw $30 billion, with the balance allocated to renewable energy and private equity investments across India by 2030.
Israels P-Cure partners ARISTION for proton therapy network
Proton therapy is an advanced, precise type of radiation treatment that uses a beam of high-energy protons instead of traditional X-rays to destroy cancer cells
Tata Sons should commit to long-delayed IPO after RBI setback, proxy adviser says
InGovern Research Services advises Tata Sons to prepare for a stock market listing. The Reserve Bank of India rejected the company's bid to exit regulatory oversight. A public offering would benefit numerous indirect shareholders across group companies. Tata Sons faces a mandatory listing requirement by September 2025. The board will consider the RBI order and a potential listing timeline.
SC asks RBI to secure compliance of norms on seizure of financed vehicles by NBFCs, banks
The Supreme Court mandated the RBI to enforce lawful vehicle repossession rules. Financial institutions cannot seize vehicles without due legal process. The court ordered a finance firm to close loan accounts and refund money. Compensation was awarded for mental agony and livelihood loss. This ruling ensures borrowers are not dispossessed of vehicles arbitrarily.
Juniper Hotels to acquire Novotel Imagicaa for 248 crore
The board approved the cash deal and related MoU at todays meeting, with no share issuance or related-party classification
NSE allots shares worth $703 million to anchor investors ahead of IPO, sources say
The National Stock Exchange allocated shares worth over $700 million to anchor investors. India's Life Insurance Corporation and Norway's Norges Bank were among the top participants. This allocation precedes NSE's significant $2.3 billion initial public offering. The exchange's IPO is an offer-for-sale by existing shareholders. Public subscription for the shares opens on Thursday and closes Monday.
Motilal Oswal Financial Services receives upgrade in LT credit ratings
From India Ratings and Research
Samsung India expects double-digit growth in H2 fuelled by festive demand, premiumisation
Festival demand and AI-enabled appliances drive premium segment growth across categories
Fortis inks services agreement for upcoming super specialty hospital at Ashok Vihar, New Delhi
Fortis Healthcare announced signing of definitive agreements with Seth Sunder Lal Jain Charitable Eye Hospital, a society registered under the Societies Registration Act, 1860 (Punjab Amendment) (SLJ Society) to provide healthcare services to a 400+ bedded super specialty hospital at Ashok Vihar, New Delhi. The hospital is expected to commence operations in 3-4 years, subject to necessary approvals. The agreements have been executed by FHL's wholly-owned subsidiary, Fortis Hospotel (FHTL).
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.
Exide Industries eyes Europe battery exports growth with Germanys ExCom tie-up
The lead-acid batteries, produced at Exides plants in India, will be marketed and sold under the ExCom brand
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.
Family-run businesses to give way to professional management by 2035: KPMG
Family businesses will see a significant drop in direct family management by 2035. More companies are now turning to professional managers for operations. This shift involves clearer roles for all executives and defined decision-making powers. Attracting external talent is identified as a major challenge for these businesses. Younger family members will drive innovation and business growth initiatives.
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.
NHC Foods to acquire majority stake in Lotmor Brands, Walyas Beverages
Under the proposed transactions, NHC Foods will acquire an 88% stake in Lotmor Brands and 80% stake in Walyas Beverages
GREW Solar partners US firm to produce 4 GW hybrid-tandem solar modules
The five-year agreement with California-based Caelux targets commercial production from 2028 of perovskite-plus-silicon modules with efficiencies above 29 per cent.
Board of Juniper Hotels approves acquisition of Novotel Imagicaa, Khopoli
At meeting held on 16 September 2026
Juniper Hotels signs MoU to acquire Novotel Imagicaa in 248 crore deal
The 287-key hotel in Khopoli, located beside Imagicaa's theme and water parks, will add an operating, cash-generating property to Juniper Hotels' hotel portfolio
The reported job cuts could affect roughly 45% to 50% of the hubs workforce of around 700 employees and include software engineers, data scientists and data engineers, Wocult reported citing people familiar with the matter.
NSE IPO goes live: Key things investors need to know
Infosys expands Indore Development Center with new 330,000-sq. ft. block
Infosys Indore currently has more than 3,300 employees supporting global clients across Banking, Financial Services and Insurance (BFSI), Retail, Life Sciences, and Manufacturing
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.
Lam Research to invest 10,000 cr in first silicon component manufacturing facility in India
The company also incorporated India into its global supply chain and trained thousands of individuals for the semiconductor industry through workforce development programs
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
Actor Anant Nag to be honoured with Dadasaheb Phalke award
The psychology behind making origami is not necessarily about revealing a hidden personality trait. Instead, the activity may give people something concrete and controllable to focus on when they are trying to cope with emotions that feel far less tangible.
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.
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 ...
Alkem launches anti-seizure medication - NeuCeno in India
Alkem Laboratories announced the launch of NeuCeno (cenobamate), anti-seizure medication (ASM) for the treatment of partial-onset seizures in adult patients.
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.
UPI MDR: Retailers, clothing manufacturers flag impact of 0.4% charge on MSMEs
Industry bodies said the additional transaction cost could put pressure on retailers already operating on thin margins during the festive sales period.
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.
ISB Leadership Summit 2026 Explores 'India Unbound' and the Future of Global Leadership
Hyderabad (Telangana) [India], September 16: The Indian School of Business (ISB) recently hosted its flagship annual leadership conclave, the ISB Leadership Summit (ILS) 2026, at its Hyderabad Campus. Organised jointly by the Post Graduate Programme (PGP), PGP YL and PGP MAX classes of 2027, the summit brought together an array of global corporate leaders, industry pioneers, entrepreneurs, and policymakers who shared invaluable insights with ISB students, preparing them to lead and define the next chapter of India's growth.
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.
