26 C 
National highway contractors must get government permits for foreign workers, ministry clarifies
National highway contractors must obtain government permits for hiring foreign workers. Any change in concessionaire ownership requires prior designated authority approval. Such employment is subject to regulatory approvals, including visas and work permits. Refusal of permits will not excuse concessionaires from their contractual obligations. The ministry issued a revised model concession agreement for national highways.
For years, Bogots Doa Juana landfill simply accumulated city waste while quietly leaking methane into the atmosphere. That changed in 2009 when the site launched a major gas-capture operation. Engineers drilled network pipelines across the facility to collect biogas generated by two million tonnes of rotting trash each year. Instead of flaring the fuel, workers route it into heavy engines that supply clean, continuous electricity directly to Colombias national grid. The effort turns a massive urban burden into reliable local energy, cutting roughly 800,000 tonnes of greenhouse emissions every single year.
India's new GDP series: GST, corporate data drive new methodology
India's revamped GDP calculation incorporates extensive corporate filings and GST data, as revealed by the statistics ministry. This update emphasizes the integration of company-level information for a more precise estimation of private corporate sector activities. Furthermore, an innovative methodology leverages corporate filings and LLP records to enhance industry classification, while surveys are used for direct assessments of the household and unincorporated sectors.
Bandhan Bank promoter to gradually reduce stake to meet RBI norms
Bandhan Financial Services will reduce its stake in Bandhan Bank gradually. The promoter aims to comply with RBI regulations by 2030. Recent share sales occurred on the open market, lowering holdings. A proposed stock split will divide shares to attract retail investors. Shareholders will review this plan at the upcoming annual general meeting.
Government may do away with UPI subsidies as MDR revenue kicks in
Government may end UPI subsidies for small transactions as merchant fees are introduced. Taxpayer-funded incentives for UPI and RuPay transactions are being phased out. No new subsidies have been paid for transactions since April 2025. This shift aims to make the payment ecosystem self-sustaining and reduce taxpayer burden. Incentive disbursements have significantly decreased in recent fiscal years.
In 2021, Olympic marathon champion Eliud Kipchoge adopted 50.8 hectares of Kenya's Kaptagat Forest for rehabilitation. 5 years later, more than 1,277 hectares of the wider ecosystem had been rehabilitated. The restoration covers five forest blocks and involves government agencies, communities, conservation groups and sponsors. The programme aims to restore 2,000 hectares and protect the Kaptagat water tower.
Distressed Software Firm Symplr to Get Injection From Private Equity Backers
Private equity backers to Symplr Software have agreed to inject the firm with around $175 million of preferred equity as part of a revamp that creates multiple debt securities and extends the timeline for repayment.
Govt urges bank employees to refrain from strikes, resolve issues through dialogue
The Finance Ministry urged bank employees to resolve demands through dialogue and avoid strikes. Most union concerns have been addressed, and welfare measures are being introduced. A three-day strike is planned from September 28, impacting banking services. This strike coincides with the half-yearly closing of the banking sector. The government remains committed to employee welfare and constructive engagement.
Central bank may bring clarity on Tata Sons listing amid recast talk
The RBI could soon release a communique mandating an early listing of Tata Sons to remove any ambiguity in its earlier missive
States settle lawsuit over Paramount-Warner merger, clearing key hurdle for $81 billion deal
States settle lawsuit over Paramount-Warner merger, clearing key hurdle for $81 billion deal
Coimbatore (Tamil Nadu) [India], September 21: Ansell, a global leader in safety, inaugurated its new manufacturing facility in Kovai today, reinforcing the company's ongoing capital investment in its long-term strategic objectives. The facility is already producing for the local market, with additional capacity coming online in the months ahead to support Ansell's key strategic markets.
Paramount reaches deal with states to settle their case challenging Warner buyout, AP source say
Today, billionaires have yet again bribed, censored, and bullied their way to the top, Alvaro Bedoya, senior adviser at the American Economic Liberties Project and former FTC commissioner, said in a statement
Borosil Renewables to expand production capacity by 60%
Borosil Renewables will add 600 tonnes per day of solar glass capacity through two new furnaces at its Bharuch plant, taking total capacity to 1,600 TPD by FY28
State owes sanctioned subsidies, incentives worth 2,880 crore to 3,716 industrial units: KASSIA
Timely resolution of MSME concerns will strengthen investor confidence and improve the ease of doing business in the State, says trade body president, Ninganna Biradar
Over one-third domestic coal-fired power plants have critical stocks
Prolonged rains across the eastern coal beltdisrupted mining operations and hampered fuel evacuation
T-Mobile, Jio launch world's first 5G Standalone roaming connection
Jio customers can roam on T-Mobile's 5G SA network in the US, while T-Mobile customers can access Jio's 5G SA network while travelling in India
Residents of a Ghaziabad society protested against short-term rentals, alleging safety concerns, disturbances and unregistered occupants. Check what the UP Homestay and B&B Policy 2025 says.
Indian Oil board approves Kochi-Kanyakumari-Thoothukudi gas pipeline
IOCLs Board cleared the investment approval for laying, building and operating KTPL at an estimated project cost of 2,448.70 crore
BASF mulls investment in MDI production facility at Dahej in Gujarat
BASF has secured industrial land in Dahej for the potential MDI complex, with the final investment decision subject to the feasibility study and necessary approvals
Tesla to face trial over racial harassment and unequal pay at California factory- What is the case?
The California Civil Rights Department and Tesla's legal teams are scheduled to appear before state Superior Court Judge Peter Borkon in Oakland. The trial is expected to continue through October 30.
Paramount Skydance settles with 12 states, clearing hurdle to $110 billion Warner Bros deal
Paramount Skydance has settled with California and 11 other states that sued to block its proposed $110 billion acquisition of Warner Bros Discovery, removing a major US antitrust hurdle to the deal. Under the settlement, CNN and CBS would get independent editorial boards, while Paramount would face a $30 million penalty per film for falling short of its commitment to release 30 movies annually. The deal still faces remaining regulatory and closing steps, with Paramount also seeking to avoid a $7 million-a-day fee tied to delays beyond September 30.
Bill Gates' quote offers a powerful reminder for an information-saturated world: abundance is not the same as wisdom. Having access to millions of webpages, constant notifications and endless opinions does not guarantee that we possess accurate knowledge or meaningful relationships. The real challenge is learning how to filter, verify, understand and apply what we encounter.
Govt urges bank staff to call off 28-30 September strike, flags five-day disruption
The proposed strike, which follows a one-day nationwide strike on 11 September, would coincide with the half-yearly closing of banks on 30 September, disrupting customer and government transactions.
Quote of the Day by Cindy Crawford: Cindy Crawfords quote, If you only love 70% of yourself, thats what is going to come back to you, explores the importance of self-love, confidence, and personal acceptance. The quote suggests that the way people value and appreciate themselves can influence what they expect and receive from their relationships and experiences. It encourages people to embrace themselves more fully rather than allowing self-doubt, insecurity, or the opinions of others to determine their sense of worth.
Apparel Group betting big on Ben Sherman as strategic growth driver
As part of the initial store rollout, the company has opened stores in Surat , Indore, Greater Noida West, Lucknow, Thane, Delhi, Bengaluru and Dehradun
Paramount has settled with California and 11 other US states that sued to block its $110 billion acquisition of Warner Bros Discovery, a source told Reuters on Monday. The move clears one of the last hurdles to a deal that would reshape Hollywood.
Jio partners with T-Mobile and Syniverse to offer worlds first 5G Standalone roaming
Jio users on T-Mobile networks can enjoy 5G-enabled data and voice roaming while T-Mobile users can enjoy the same on Jios network
RNFI Money gets RBI approval to undertake cross-border trade remittances
RNFI Money, a wholly owned subsidiary of RNFI Services, has received RBI approval to undertake cross-border trade remittances. The licence will allow it to expand regulated foreign exchange, remittance and trade-payment services through RNFIs existing last-mile network, alongside the parent companys recent in-principle authorisation to operate as a Payment AggregatorPhysical (PA-P). The company said the licence has perpetual validity.
ONGC strikes gas in Mahanadi deepwater under Samudra Manthan
The Oil Ministry is working on a year-wise execution road map for drilling, seismic surveys and rig deployment across the KG, Mahanadi, Andaman and Cauvery basins under the initiative
JioStar partners with SES for Broadcast Service Expansion Across India
This collaboration enables JioStar to reliably deliver high-quality content to millions of households through IS-20 satellites, extending its reach within the Indian sub-continent and beyond.
Starbucks to set up GCC in Chennai, plans to hire 800 tech professionals
Chennai accounts for roughly a tenth of the GCC base in India, according to the state government.
Pine Labs block deal: Mastercard Asia may divest 4.3% equity worth Rs 892 crore
Mastercard Asia Pacific may sell up to 49.7 million Pine Labs shares, representing 4.3% of the fintech company, through a Rs 892.5 crore block deal. Priced at Rs 179.50 per share, the secondary sale is scheduled for September 22.
Zepto Cafe cuts footprint across cities, scales back menu after expansion
Zepto Cafe's footprint has fallen to an estimated 250-350 locations from a peak of 850-900 as the quick-commerce firm focuses on select high-performing markets
The Reserve Bank of India has issued revised market risk capital requirements for commercial banks, aligning Indian regulations with Basel III standards. Banks must adopt the framework by April 1, 2027. The directions revise rules for trading books, foreign exchange risk, interest rate risk, debt funds and credit derivative hedges.
IBDF calls for immediate restoration of TV Ratings release by BARC
IBDF members welcomed governments recent decision to remove prescribed 12-minute advertising cap
Strong profit growth prompted Moneyview to reduce IPO size: MD & CEO Agrawal
Moneyview reduced its public offer to Rs 1,092 crore from Rs 1,500 crore. This decision stems from robust profit growth and adequate internal cash generation. The company fixed its price band at Rs 32-34 per equity share for the IPO. The IPO comprises a fresh issue and an offer for sale by existing shareholders. Proceeds will fuel lending business growth and new product development.
Indian founders create more value abroad than in Indias unicorn ecosystem: Report
This trend underscores the exceptional talent and ambition among Indian founders, while also raising questions about the future of Indias own startup ecosystem.
RBI issues norms on capital requirements for market risk under Basel III for banks
As of April 1, 2027, banks are prohibited from reclassifying instruments to achieve lower capital requirements under the new market risk guidelines that align with the updated Basel III framework. This transition will see banks adopting a simplified standardized approach for determining risk-weighted assets, along with revisions to interest rate risk tables and the treatment of debt funds.
Policybazaar-backed PB Health targets 150 hospitals across 50-plus cities
The venture aims to raise Rs 10,000 crore to build a network of 15,000-20,000 beds across more than 50 cities over the next five to six years
KAS Group eyes 2,500 crore order book in 3 years as semicon equipment demand rises
Bengaluru group plans 250-crore Dholera push for quartz parts as revenue mix shifts from solar to semiconductors
Dinesh Kumar Agarwal takes over as State Chairperson of FADA - TN & Puducherry
Agarwal will focus on strengthening the dealer fraternity, facilitating ease of doing business, regulatory coordination, digitalisation and transparent government processes
Japanese logistics provider Nippon Express looks at States like UP for next expansion
After Japan, the US, Europe and other parts of Asia, Nippon Express Group is now trying make a big team in India, says Katsuhito Kobayashi, Executive Officer, South Asia & Oceania Region
Premier Energies commissions 3,293 cr solar cell facility in Andhra
The 7 GW TOPCon facility at Naidupeta, developed at a capital expenditure of Rs 3,293 crore, will increase Premier Energies' total solar cell capacity to 10.6 GW
MSG91 expands into e-commerce, showcases Shopify checkout solution for D2C brands
Indore (Madhya Pradesh) [India], September 21: MSG91, a customer communication platform operated by Walkover Web Solutions Pvt Ltd, has expanded its focus into the e-commerce enablement space by showcasing Complete Checkout for Shopify, a checkout product developed for direct-to-consumer (D2C) brands.
Oil & Natural Gas Corporation strikes gas in Mahanadi Basin
Oil & Natural Gas Corporation (ONGC) on 18 September 2026 struck gas at deepwater well MN-DW18-1-H-D in the Mahanadi Offshore Basin, off the Odisha coast, under the Samudra Manthan initiative. The well drilled to a target depth (TD) of 1,623 metres recorded the gas strike at 1,441-1,452 metre interval.
Raymond Realty appoints Salil Bawa as Group Head - Investor Relations
Raymond today announced the appointment of Salil Bawa as Group Head, Investor Relations for Raymond Group to lead investor engagement and capital-markets strategy across its listed entities. He will be on the roll of Raymond Realty.
Gulshan Group, Ourika Estates form JV to invest 750 cr in UP projects
The platform has secured land parcels in Ghaziabad and Lucknow to develop about 1.5 million sq ft of built-up area across two premium residential projects
Kirloskar Ferrous Industries appoints Ajay Patil as Joint Managing Director
With effect from 21 September 2026
Neogen Chemicals raises Rs 600 cr via QIP issue
Neogen Chemicals has successfully completed its first-ever Qualified Institutions Placement (QIP) of equity shares. The issue was oversubscribed by more than 6.5x and raised approximately Rs 600 crore.
Apeejay Surrendra Park Hotels appoints Manish Bhagat as CFO
Bhagat brings over 20 years of significant experience in finance across diverse sectors, including hospitality, retail, engineering, aviation and aerospace. Prior to joining ASPHL, he served as Vice President - Finance at SAMHI Hotels Limited following earlier leadership roles at Devyani International, AirWorks Engineering, and InterGlobe Aviation (IndiGo). Over the course of his career, he has built extensive expertise in financial planning and control, strategic financial management, treasury management, refinancing activities, cost optimization, audits, due diligence controls and digital finance transformation.
Indian Oil board approves 2,449-crore Kochi Thoothukudi gas pipeline
The system will have a capacity of 6.84 million metric standard cubic metres per day, including common-carrier capacity
Ministry of Defence signs 586 cr deal with AICPL for tank hybrid power units
The contract was inked in the presence of Defence Secretary Rajesh Kumar Singh
Accordingly, the Reserve Bank of India has today issued the Reserve Bank of India (Commercial Banks - Minimum Capital Requirements for Market Risk) Directions, 2026. The Directions aim to align the market risk guidelines with the revised Basel III framework, as part of RBI's adoption of the Basel standards, while ensuring simplicity of regulations, and providing flexibility, and ease of adoption. The Directions will take effect from April 1, 2027, ensuring sufficient lead time for banks.
Escorts Kubota names former Panasonic Chairman Manish Sharma as President - Agri Business
Sharma comes after a 17-year-long leadership role at Panasonic India
Tata Steel wants discussion with UK govt over delayed EAF project: CEO
Tata Steel is looking to have a discussion with the UK government to discuss issues being faced in timely implementation of the electric arc furnace (EAF) project at Port Talbot, the company's CEO T V Narendran said. The company official noted that there is no delay from Tata Steel in construction of 3.2 million tonne project being set up at an investment of 1.25 billion pounds. We are in conversation with the UK government to say let's have a discussion on what can be done, Narendran told PTI on the sidelines of the 53rd National Management Convention organised by All India Management Association (AIMA). He made the remarks while replying to a question on the future course of action for the UK project, which is facing delays in securing power supply. In August, Narendran had said Tata Steel UK is expecting to secure access to electricity for its 3.2 million tonne electric arc furnace by 2029. In May 2024, Tata Steel signed a connection offer with the Electricity System Operator
Sonaselection India IPO subscribed 2.01 times
The offer received bids for 2.01 crore shares as against 1 crore shares on offer.
National Stock Exchange of India (NSE) IPO subscribed 5.68 times
The offer received bids for 50.38 crore shares as against 8.86 crore shares on offer.
Billionaire industrialist and BJP MP Naveen Jindal's bungalow in Delhi is 100 years old. It is the perfect example of modern design meets Indian warmth. Take a look.
ET Alpha Wealth Summit 2.0: Mapping global capital flows to identify the next big opportunity
Global capital is constantly shifting across markets, sectors and asset classes as investors respond to growth, interest rates, valuations and geopolitical risks. ET Alpha Wealth Summit 2.0 will explore these shifts with Nilesh Shah, examining where global money is moving, what it means for India and how investors can identify emerging opportunities.
Nothing to spin off CMF as India-based, majority Indian-owned company
Nothing will retain a stake and remain a partner in CMF, which will have its own team and R&D operations in India, co-founder and CEO Carl Pei said
NPCIL begins fuel loading at 700 MW Rajasthan nuclear project's Unit 8
NPCIL begins fuel loading at 700 mw Rawatbhata unit 8, prepares for commercial operation
Delhi High Court directs SAP to restore software services to Nayara Energy
The court allowed the oil major's plea seeking interim relief after the German tech firm suspended critical software services, citing European Union sanctions linked to Russian ownership.
Samvardhana Mothersons subsidiary acquires majority stake in Rotary Connectors for 500 crore
The partnership supports the companys vision to diversify and scale its Aerospace and Defence business vertical
SoftBank's OpenAI investment: Inside Masayoshi Sons massive $11 billion gamble on ChatGPT's future
SoftBank Group plans to sell over $11 billion in bonds, aiming to raise $10 billion in dollar bonds and 1 billion euros for investments, including OpenAI. The deal may set new yield records. Recent activities include securing loans, highlighting its significant role in AI financing.
Indian founders account for $560 billion of company value abroad
Founders who grew up in India account for $560 billion of founder-share-attributed value across 205 current and former unicorns abroad, Prosus and Dealroom find
Gemini (Google Trends): Bengaluru CEO Siddharth Dialani said Google's Gemini helped him draft a police complaint after an alleged road-rage incident involving a biker. He said the biker damaged his car and was later traced using dashcam footage. According to Dialani, the man eventually apologised and paid for the damage after being called to the Koramangala police station, where officers handled the matter without a bribe.
An eighth-grader from Pennsylvania is tackling heartburn with a novel antacid system designed to release medicine more slowly and potentially provide longer-lasting GERD relief, earning her a place among the US Top 30 researchers and a shot at more than $100,000 in awards, including a $25,000 top prize
NeoProEd Insurance Conclave 2026 to Bring India's Insurance Ecosystem Together at GIFT City
Gandhinagar (Gujarat) [India], September 21: The Indian insurance industry is entering a period of significant transformation. Technology, artificial intelligence, data, emerging risks, evolving customer expectations and the rise of GIFT City are reshaping how insurance will be built, distributed and experienced.
Details are coming out, will study at appropriate time, says Goyal on Lindsey Graham Act impact
Social Security payments are going out this week, with the next round scheduled for September 23, 2026. Heres who is eligible for the payment, how the $5,181 maximum benefit works and why most retirees will receive less. Social Security benefits, paid mostly to older or retired Americans, are typically issued on Wednesdays.
Chinas SDLG invests 300 crore in Gujarat plant
Aims to expand local production, increase sourcing from Indian suppliers in the construction equipment market
Australia's ASX 200 ends flat as investors await key data
Treasury Secretary Bessent described his weekend talks with Chinese Vice Premier He Lifeng as successful, supporting hopes for progress in U.S.-China relations.
China stocks rise as investors weigh rates and US-China talks
The gains came after the Peoples Bank of China kept its key lending rates unchanged for the 16th straight month. The one-year LPR stayed at 3.0%, while the five-year LPR remained at 3.5%.
ICRA reaffirms ratings of Triveni Turbine at 'AA+/A1+' with 'stable' outlook
Triveni Turbine said that the credit rating agency ICRA has reaffirmed the company's long-term rating at '[ICRA] AA+' with 'stable' outlook.
Persistent Systems achieves Databricks Brickbuilder Specialization for BFSI
Strengthening its expertise in delivering solutions on the Databricks Data Intelligence Platform
Shekhar Kapur appointed as strategic advisor for LTM's BlueVerse Craft biz unit
LTM announced its collaboration with acclaimed filmmaker and storyteller, Shekhar Kapur. Kapur will act as a Strategic Advisor to the LTM BlueVerse Craft business unit.
India's Semiconductor Market Projected to Grow Threefold to USD 200 billion by 2035: EY-IESA Report
New Delhi [India], September 21: India's semiconductor market is projected to grow more than threefold from nearly USD 64 billion in 2026 to USD 200 billion by 2035, creating a significant opportunity to convert domestic demand into manufacturing, innovation and supply-chain resilience, according to EY-IESA report, Semicon India 2.0: From capacity creation to ecosystem leadership. The report was formally unveiled during the SEMICON India 2026 hi-profile event of the industry.
Dilip Buildcon divests 1,363 MW under development solar portfolio to Alpha Alternatives
Dilip Buildcon announced the execution of definitive agreements for the divestment of its stake in ten special purpose vehicles (SPVs) held through its wholly-owned subsidiary, DBL Renewable (DBRL), undertaking the Company's under-construction solar portfolio, to Alpha Alternatives Fund Advisors LLP and/or its affiliates and/or funds managed by Alpha Alternatives Fund Advisors LLP (Alpha Alternatives). The total project cost of the solar portfolio is approximately Rs 6,263 crore.
Mint Explainer | Why Indias workforce is in flux
AI, automation and cost pressures are reshaping jobs in India, even as hiring expands in semiconductors, GCCs, manufacturing and specialized technology roles.
India's crude oil imports value spikes around 50% on year in first five-months of FY27
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Jindal Supreme (India) ends with 181.07 times subscription
The offer received bids for 170.19 crore shares as against 93.99 lakh shares on offer.
Large currency speculators marginally reduce net short position in Pound futures market
Large currency speculators marginally reduced net shorts in Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 58715 contracts in the data reported through September 15 2026. This was a weekly slide of 121 net short contracts.
Benchmarks trade near the day's high; metal shares tumble on profit booking
The domestic equity barometers traded with strong gains and hit fresh intraday high in afternoon trade, supported by easing crude oil prices and positive global cues. The Nifty hovered above 23,450 level. Metal shares, however, snapped their three-day rising streak.
Chennai (Tamil Nadu) [India], September 21: Manoj Jewellers Limited's rights issue of up to 89,85,628 equity shares of face value 10 each at an issue price of 20 per share (including a premium of 10), aggregating up to 1,797.13 lakh, is open for subscription and closes on Tuesday, September 29, 2026.
Euro currency speculators reduce net short position
Large currency speculators sharply reduced net short in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 26993 contracts in the data reported through September 15, 2026. This was a weekly reduction of 15623 net positions.
Diamond Power Infrastructure receives orders worth Rs 116.49 cr
Diamond Power Infrastructure has secured orders aggregating Rs 116.49 crore (including GST; Rs 98.72 crore excluding GST) for the supply of 11 kV XLPE insulated medium voltage power cables. The orders have been received directly from a Gujarat-based EPC contractor executing underground cabling projects for state power distribution companies in Gujarat.
GK Energy secures 150 MW / 300 MWh BESS project from MSEDCL
GK Energy has received a Letter of Award from Maharashtra State Electricity Distribution Company for setting up of 150 MW / 300 MWh of Battery Energy Storage Systems (BESS) in Maharashtra with VGF support.
Piramal Finance raises Rs 1,100 cr via private placement of NCDs
HDB Financial Services allots 29,480 equity shares under ESOS
HDB Financial Services has allotted 29,480 equity shares to the employees of the company pursuant to exercise of options under its Employees Stock Option Schemes on 21 September 2026.
Welspun Enterprises secures LoAs for Rs 351 crore projects from Ahmedabad Municipal Corporation
Welspun Enterprises said that Welspun Michigan Engineers has secured two significant sewer rehabilitation projects from Ahmedabad Municipal Corporation (AMC) with an aggregate contract value of Rs 351.24 crore.
