29 C 
Nike shareholders reject climate proposal backed by Norway wealth fund
NIKE-AGM/CLIMATE (PIX):Nike shareholders reject climate proposal backed by Norway wealth fund
Tata Capital Healthcare Fund to exit Linux Laboratories as ChrysCapital buys 20-25% stake
Private equity firm ChrysCapital is set to acquire a significant stake in Linux Laboratories. This deal will see existing investor Tata Capital Healthcare Fund exit its entire holding. Linux Laboratories focuses on central nervous system therapies and has a strong brand portfolio. The company anticipates robust revenue and Ebitda growth in the coming years. This acquisition highlights continued private equity interest in India's pharmaceutical sector.
International Innovation Challenge IIC 3.0 Inaugurated at Manipal University Jaipur
Jaipur (Rajasthan) [India], September 8: Manipal University Jaipur (MUJ), in collaboration with the Department of Agriculture, Government of Rajasthan, inaugurated the International Innovation Challenge (IIC) 3.0, a 36-hour innovation and entrepreneurship challenge aimed at encouraging young innovators to develop technology-driven solutions to pressing societal and industry challenges.
Firms Crowd US Loan Market in Push to Cut Costs, Fund Deals
Companies are flocking to the US loan market as they seek to reprice large chunks of existing debt, with a pickup in leveraged buyout financing adding to the rush.
Unleash Saudis on Houthis!: Issas fiery call to Trump, urges US govt to crush Iran-backed rebels
String Metaverse Limited Awarded Dun & Bradstreet 3A1 Rating, Underscoring Strong Financial Profile
Hyderabad (Telangana) [India], September 8: String Metaverse Limited (BSE: 534535) today announced that it has been assigned a Dun & Bradstreet Rating of 3A1 under the Vantage Plus Report dated September 7, 2026.
Andhra Pradesh clears decks for new defence, warship building unit
Andhra Pradesh has approved a new defense and warship facility at Machilipatnam. Goa Shipyard Limited will invest 8,000 crore in this significant expansion project. This new facility will be the PSU's first venture outside its home base in Goa. Preparatory work begins next month, with trial production expected by January 2028. Commercial production for the first phase is slated to commence in May 2028.
Banks plan to e-auction cars, vehicles on BAANKNET to speed up recoveries
Banks are planning to auction cars and vehicles on the BAANKNET platform. This initiative aims to streamline the recovery of non-performing assets for lenders. The platform will integrate with VAHAN and RTO services for complete vehicle information. PSB Alliance operates BAANKNET and has already facilitated numerous property auctions. This expansion seeks to enhance efficiency and transparency in asset recovery processes.
Quote of the day by Eric Clapton explores how sadness can sometimes bring comfort instead of despair. His words offer a thoughtful life lesson about emotional strength, empathy and shared human experiences. Difficult feelings can make us feel isolated. But recognising that others face similar struggles can bring perspective, acceptance and a quiet sense of relief.
Gaining ground: Household manufacturing grows 4x faster than corporates
Household manufacturing in India is growing nearly four times faster than corporate entities. This sector's gross value added shows a substantial compound annual growth rate. Corporate manufacturing's share of total manufacturing GVA has seen a decrease. The expansion is driven by smaller businesses and better informal sector data. Textiles, apparel, and metal products lead household manufacturing growth.
Russia's President Vladimir Putin's 3-day India visit to focus on defence, business
Russian President Vladimir Putin will visit India for three days from Friday, holding talks with Prime Minister Narendra Modi on defence, energy and economic cooperation. Ukraine and West Asia will also feature in discussions. Putin will attend the BRICS summit and visit Innoprom, amid Moscows alignment with Indias peace efforts.
Google today opened applications for DigiPivot 2026, expanding the upskilling program to five times the cohort size from 2024 and will introduce AI skills as a core part of its curriculum. Here's the eligibility criteria, deadline and how to apply
Jio-bp, DRIVN in pact to explore charging solutions for commercial EV fleet
Jio-bp, the operating brand of Reliance BP Mobility Ltd -- a joint venture of Reliance Industries and bp -- on Tuesday announced it has signed an MoU with electric vehicle (EV) leasing platform DRIVN, to explore opportunities to strengthen charging infrastructure across India for commercial EVs, including trucks and buses. The collaboration brings together DRIVN's commercial EV leasing capabilities and Jio-bp's charging network to address the evolving needs of fleet operators and support the expansion of commercial electric mobility, a statement said. Together, the two companies will explore integrating Jio-bp's charging network with DRIVN's leasing platform, including enhanced charging-location discoverability for fleet drivers. The partnership will also explore preferential tariffs and turnkey EV charging projects across identified cities and highways. Alpna Jain, Co-Founder and Chief Business Officer, DRIVN, said, As commercial EVs become a larger part of fleet operations, ...
Rentomojo IPO: BlackRock among investors in Rs 376 crore anchor round
Rentomojo has raised Rs 376 crore from anchor investors ahead of its IPO, which opens on September 9. The company allotted 93 lakh shares to 41 investors at Rs 404 apiece. BlackRock, Goldman Sachs, ICICI Prudential Mutual Fund, HDFC Mutual Fund and other institutional investors participated in the anchor book.
NSE set to price India IPO at Rs 1,700 to Rs 1,785 a share
National Stock Exchange of India is likely to price its long-awaited IPO at 1,700 to 1,785 rupees a share, below its earlier range of 2,000 to 2,100 rupees. The exchange may also reduce the stake on offer to 5.5%, valuing NSE at up to 4.42 trillion rupees.
Karamtara Engineering secured Rs 262.50 crore from anchor investors before its upcoming IPO. The company allocated over one crore shares at the IPO's upper price band. Domestic mutual funds and insurance companies participated in the anchor book. Karamtara Engineering's IPO opens for subscription on September 9 and closes on September 11. The company manufactures solar module mounting structures and transmission line towers.
Gestamps hot-stamped steel in Indian cars surges sixfold as Bharat NCAP widens safety race
Gestamp India is betting on rising demand for safer, lighter vehicle structures as Bharat NCAP and five-star crash ratings push advanced structural technologies deeper into mass-market cars.
Jio IPO: Co set to begin investor outreach later this week, say sources
Jio Platforms is preparing for its massive initial public offering after receiving Sebi approval. Investor outreach will commence this week across key global financial centers. The company plans to issue fresh equity shares to raise substantial capital. Proceeds will primarily be used to repay outstanding borrowings of its subsidiary. This public offering marks Reliance group's first since 2008.
The Roy family has secured control of the Peerless conglomerate after a long legal dispute. The Supreme Court dismissed a petition, ending a three-decade corporate legal battle. This judgment brings finality to a significant chapter in Peerless's history. The family holds approximately sixty-six percent of the company's shares. The court upheld the validity of the company's past decisions.
Centre restarts 'Sahara Refund Portal' to process 2 million pending claims
The refund mechanism remains digital, paperless and verification-based, with claims processed through Aadhaar e-KYC and matching of depositor, membership and bank-account details with society records
Quick commerce gains as e-commerce loses share: Report
Amazon currently accounts for around 20% of monthly active users (MAUs) on key ecommerce platforms, while its share of gross merchandise value (GMV) stands at 26%
Emami launches new baby-care range under BoroPlus brand
Indias baby-care market is estimated at over 40,000 crore, with the category evolving rapidly as increasingly discerning parents gravitate towards premium, natural and expert-backed baby-care solutions.
Adani Enterprises leads rush for 37,500 crore coal gasification scheme
Five companies have filed seven applications in the first round of the 37,500 crore scheme, which aims to build 25 gasification plants and curb import dependence
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities extended their decline on Tuesday, with Sensex falling 555 points and Nifty ending below 23,650. Analysts cited elevated crude prices, Fed rate hike concerns and IPO fund absorption, while technical signals suggested 23,600 as key Nifty support.
Textile mills, garment units seek measures to improve cotton availability
The Central Electricity Authority (CEA) had observed recently that 53 thermal power-plants were holding 25% or less than their overall coal requirements.
JSW, Skoda Volkswagen sign MoU for India JV; binding deal targeted by December
Market estimates have pegged the proposed ventures project investment and capital commitments at more than 1 billion, or roughly 10,000 crore, although the final transaction value is yet to be determined following the due diligence process.
Foundries in Coimbatore register 20% growth amid rising demand
Does India need a bank that is built digital, not digitised?
India already runs one of the worlds biggest real-time payments network and some of its most digitally mature banks. The one thing it hasnt built yet is a bank designed for digital from the very first customer journey.
A proposed bullet train corridor is set to help boost tourism, trade, and economic activity, according to Minister Ashwini Vaishnaw.
EV registrations make records with best-ever August in each category
In August last year, the total retail sales across categories of EVs was recorded at 1,95,250 units
Fredun Pharmaceuticals has acquired drugmaker USVs pet-wellness brand Furlicks
The brands differentiated products, including oral-strip solutions for animals, marks FPLs entry into the pet-wellness market.
Steamhouse India raised Rs 124.2 crore from anchor investors, including funds backed by Madhusudhan Kela and Sunil Singhania, ahead of its Rs 414 crore IPO opening on September 9. The issue, priced at Rs 77-81 per share, comprises a fresh issue of Rs 353 crore and an OFS of Rs 61 crore.
IDBI Bank stock crashes 10.5% as disinvestment uncertainty deepens
The stock hit an intraday low of 79.05 before recovering marginally to close at 81.22 on the NSE, with the traded volume surging to 690.74 lakh shares worth 571.93 crore
One of the Big Four firms has announced a 950 crore bonus pool for employeesheres why
The initiative will also highlight employees who strengthen EY's workplace culture and those who make a positive difference to client service.
Haier Appliances India ramping up investments , witnessing strong double-digit growth
Aims 14,000 crore revenue by end of 2026
Victorias Wyndham City turned 199,000 recycled bottles into a 200-metre footpath in 2019. The project showed how plastic waste could be given a practical second life through sustainable infrastructure. Within a year, the recycled footpath had grown to 339 metres. It also delivered 1,700 kilograms in carbon savings. The initiative offered a simple example of how recycling can support greener public spaces while reducing waste and emissions.
LIVE | US President Trump honors 9/11 heroes at Steel Across America memorial
Company and LLP floats hit fresh peaks so far this fiscal, despite growth slowdown in Aug
New business registrations in India scaled record highs from April to August despite a sharp growth slowdown in August due to global headwinds. The upward trend highlights long-term investor confidence and a steady push toward economic formalization.
Coal minister assures power plants of full supplies as rains subside
Coal minister G. Kishan Reddy said that coal output and supplies would improve as the rains subside. Speaking to reporters on Tuesday, the minister said about 100 million tonnes of coal was at mine pitheads or in transit, while thermal power plants held about 23.7 million tonnes.
Biocon shares: Active Pine may divest up to 1% equity worth Rs 638 crore via block deal
Active Pine is likely to sell up to 1.66 crore Biocon shares, worth Rs 638 crore, through a block deal at Rs 385 per share. The development comes alongside Biocons Brazil partnership for Pertuzumab under a 10-year programme.
Intellect sees upto 2000 crore revenue potential for new AI enterprise context platform
Intellect Design Arena is launching MSOCK, a platform that integrates all enterprise information
Ferrero Rocher eyes double-digit India growth, bets on premiumisation
Chocolate maker aims to outpace the domestic market this festive season, backed by premiumisation, wider retail distribution and demand across gifting occasions
How a new law could reboot Indias mining sector
Indias 2026 mining law overhaul bridges the gap between auctioned concessions and ground access, ensuring miners can operationalize blocks swiftly.
The expansion comes as jewellery consumption in India evolves beyond traditional wedding and festival purchases. Consumers are increasingly buying jewellery to mark personal milestones such as first salaries, career achievements, birthdays and anniversaries.
Honasa Consumer elevates Nishchay Bahl as CBO-Offline amid strong stock rally
JioBlackRock AMC eyes 25,000 cr AUM target by FY27, launches new fund
JioBlackRock AMC announced the launch of the JioBlackRock Balanced Advantage Fund on Tuesday, stating that its assets under management (AUM) have crossed Rs 22,000 crore, up from nearly Rs 16,000 crore in March. Chief Investment Officer Rishi Kohli said the company was confident of crossing Rs 25,000-crore AUM in the 2026-27 fiscal. Its first year of operations was 2025-26. We are already Rs 22,000 crore, as traction remains healthy. We have a lot of products in the pipeline, and the second-half of this year will be more exciting in terms of more launches, he told reporters here. JioBlackRock Balanced Advantage Fund is an open-ended dynamic asset allocation scheme, with the New Fund Offer (NFO) opening on September 11 and closing on September 25. The fund seeks to generate long-term capital appreciation by investing in a dynamically managed portfolio of equity and debt instruments. We are aiming for an alpha of 3-4 per cent over the benchmark, assisted by proprietary BlackRock
NMDC implements wage revision for non-executives from January 2022
Revised structure provides for 100 per cent DA neutralisation, a 15 per cent minimum guaranteed benefit and perks at 30 per cent of basic pay under Cafeteria Approach
EBay probes how gender-test kits were available in India, listings removed
EBay has controls in place intended to prevent certain gender-prediction products from being visible in India, it added.
Sun Pharma gets ratings boost from Moody's, S&P over $11.75-bn Organon bid
Rating agencies Moody's and S&P assigned investment-grade ratings to Sun Pharmaceutical Industries -- India's largest pharmaceutical company -- over the proposed USD 11.75-billion acquisition of US-based Organon & Co. S&P Global Ratings assigned a preliminary 'BBB+' long-term issuer credit rating, while Moody's Ratings assigned a 'Baa1' long-term issuer rating to the Indian pharmaceutical major. Both agencies have maintained a 'stable' outlook for the company. Baa1 and BBB+ are investment-grade credit ratings that indicate adequate payment capacity with moderate credit risk. The rating actions follow Sun Pharma's binding bid in April 2026 to acquire a 100 per cent stake in Organon for an enterprise value of USD 11.75 billion. The transaction is expected to close by March 2027, subject to regulatory approvals. According to S&P, the acquisition will bolster Sun Pharma's business position, almost doubling its revenue base to about Rs 1.3 trillion (around USD 14 billion) ..
IGM appoints Nirakar Chand as MD of bullion trading platform BullionX
India Gold Metaverse (IGM) on Tuesday announced the appointment of Nirakar Chand as Managing Director of its bullion trading vertical 'BullionX'. Chand, former CEO of Diamond India Ltd, comes with nearly four decades of experience and a strong understanding of bullion markets and the broader precious metals ecosystem. In his new role, Chand will drive growth initiatives, industry engagement, and nationwide market development efforts at BullionX, the Mumbai-based company said in a statement. BullionX is one of IGM's four core platforms alongside Elanzia, RamMudra and GoldSense. IGM CEO and Managing Director Lamon Rutten said, With his vast experience in the bullion market, Chand will be an invaluable addition to the IGM executive team. ...We look forward to his strategic leadership as we build a transformative, world-class market infrastructure.
ONGC backs 2,000-crore energy start-up fund, signs pact with IIT Bombay
Of the roughly 5.45-lak crore committed nationally to the start-up ecosystem, Singh said only 2 per cent reaches the energy sector
Great Eastern Shipping Company contract to buy secondhand Kamsarmax dry bulk carrier
The proposed vessel will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.
India reshaping global fintech landscape
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Suresh Kumar Chinta invested 17.5 lakh with a Gurugram-based real estate firm, Square and Yards Infra Pvt Ltd, in 2023. Under the deal, the firm offered Chinta agricultural land for growing white sandalwood trees.
NSE IPO likely to open on September 18, list on September 25: Sources
The National Stock Exchange's IPO is slated to open for public subscription on September 18. This significant offering is expected to raise approximately Rs 30,000 crore. The price band for this substantial IPO will be announced on September 15. This public issue will remain open for three days, starting September 18. The exchange's IPO is poised to become India's largest ever offering.
Shriram General Insurance inks pact with SK Finance for distribution of insurance products
Shriram General Insurance has partnered with SK Finance to enhance customer access to insurance products in vital markets. This exciting collaboration will allow SK Finance to utilize its broad branch network to distribute these offerings effectively. Through this partnership, customers will benefit from relevant insurance solutions available via SK Finances extensive distribution channels, while Shriram General Insurance will handle all claims and service requests efficiently.
Gestamp opens 5th India plant in Gujarat with 523.7 cr investment
The Spanish automotive components maker has three manufacturing facilities in Pune, one in Chennai and one in Gujarat
Mint Explainer: How a weak monsoon is fuelling Indias power surge and coal deficits
Deficient rainfall has driven up the use of water pumps and air conditioners, leaving 58 thermal power plants with critically low coal stocks and electricity shortages above 20 million units.
Adani, NTPC among five firms seeking support under 37,500 crore coal gasification scheme
The applications come after the Coal Ministry rejected reports last week that the scheme had failed to attract industry interest
Kuku Technologies plans 1,000 hires for AI-powered content production
The mobile-content company is building an AI-native production unit to cut costs and accelerate the creation of micro-dramas for India and global markets
String Metaverse receives Dun & Bradstreet's 3A1 Rating
The 3A Financial Strength rating is based on the Company's tangible net worth derived from its audited financial statements for the financial year ended March 31, 2026. The Composite Appraisal of 1 indicates that the overall status of the rated entity is Strong.
Whatfix appoints co-founder Vara Kumar as new CEO
Vara Kumar has been appointed CEO of Whatfix following the sudden death of co-founder Khadim Batti.
Bajaj Finance acquires 5% stake in AI video platform TrueFan AI
Investment builds on an existing commercial relationship under which Bajaj Finance has deployed TrueFan's platform to generate millions of personalised videos
Jupiter Wagons inks Rs 97.66-cr wagon purchase agreement with GATX India
Jupiter Wagons has secured a significant order from GATX India, a subsidiary of GATX Corporation, USA, further strengthening Jupiter Wagons' presence in India's private wagon leasing ecosystem.
Innovision bags NHAI's Pachwara plaza toll collection contract worth Rs 24.52 cr
On NH-39 Jhansi Khajuraho Section in Madhya Pradesh
Emami's BoroPlus expands into baby-care segment with FromMaa range
The launch comes as India's baby-care market, estimated at over Rs 40,000 crore, witnesses robust growth; the range will be available on e-commerce platforms
Innovision bags NHAI's toll collection contract worth Rs 219 cr
On NH-3 Indore-Dewas section in Madhya Pradesh
INR under pressure as oil prices continue to rise amid escalating geopolitical tensions
The Indian rupee fell 18 paise to close at 94.74 (provisional) against the American currency on Tuesday as geopolitical tensions in West Asia and rising Brent crude prices nearing USD 99 per barrel weighed on investor sentiment. Rupee declined on a surge in crude oil prices amid fresh attacks on Aramco's facilities by Yemen's Houthis. Moreover, rising geopolitical tensions in West Asia and a weak trend in domestic equities further pressured the rupee. Indian shares fell notably on Tuesday as rising oil prices amid escalating Middle East tensions raised concerns over a possible interest-rate hike by the U.S. Federal Reserve. The Sensex dropped 555.23 points (-0.73%) to 75,577.58 and the Nifty 50 fell 144.05 points (-0.61%) to settle at 23,635.10.
Former MRPL ED BHV Prasad assumes charge as OPaL MD
In his new role, he will lead OPaL, a major integrated petrochemical company of the ONGC Group, based at Dahej in Gujarat
Prasol Chemicals IPO subscribed 41%
The offer received bids for 22.43 lakh shares as against 54.43 lakh shares on offer.
Pranav Constructions IPO subscribed 18.20 times
The offer received bids for 40.87 crore shares as against 2.24 crore shares on offer.
Ascensive receives tribal youth skill development mandate in Maharashtra
The total project cost of work order is Rs 10.58 crore.
Hazoor Multi Projects bags Pudhupatti fee plaza user fee collection contract
Lenskart Solutions among 4 stocks to hit 52-week highs & rallied up to 22% in a month
Four BSE 250 LargeMidcap stocksLenskart Solutions, Solar Industries India, Divis Laboratories and Laurus Labshit fresh 52-week highs despite a 555-point Sensex decline, highlighting strong investor interest and momentum across select large and mid-cap stocks.
Rupee falls 28 paise to close at 94.84 against U.S. dollar
Forex traders said the Indian rupee declined on a surge in crude oil prices amid fresh attacks on Aramco's facilities by Yemen's Houthis
Kanohar Electricals IPO subscribed 2.70 times
The offer received bids for 3.15 crore shares as against 1.16 crore shares on offer.
Market wrap: BEL, HUL, ICICI Bank, Axis Bank top gainers and losers on Nifty and Sensex on Tuesday
Indian equity markets extended losses on September 8, with Sensex and Nifty falling amid elevated crude prices, rate-hike concerns and heavy IPO activity. Broader markets outperformed, while technical indicators showed continued weakness, though deeply oversold conditions could support a near-term rebound.
Amazon India seller base tops 2 million ahead of festive season
More than 300,000 sellers joined the marketplace over the past year as Amazon lowers fees and expands AI tools and fulfilment services ahead of the festive season
Chandigarh suspends Uber, Rapido licences for 6 months over policy violations
Chandigarh's State Transport Authority suspended Uber and Rapido licenses for six months. This action resulted from their failure to comply with the Chandigarh Aggregator Policy. Both companies received multiple notices but did not submit required documents. The suspension impacts cab and bike-taxi bookings significantly in the city. App-based rides constitute a substantial portion of daily commutes.
US seeks more access to Venezuela's mineral wealth after tapping its oil, sources say
The Trump administration seeks increased access to Venezuela's mineral wealth. This effort aims to secure critical minerals for national security interests. US companies are being consulted about potential investments in the mining sector. Previous authorizations have already opened pathways for Venezuelan mineral transactions. This strategy aligns with broader US goals in Latin America.
Charity Commissioner of Maharashtra to hear Mehli Mistry-Tata Trusts dispute on October 15
The Sir Ratan Tata Trust sought more time citing the exit of board member Vijay Singh
Beetroot poriyal: 5 easy steps to make this colourful South Indian side dish at home
Beetroot poriyal is a quick, no-fuss South Indian stir-fry that combines earthy beetroot with mustard seeds, curry leaves, and fresh coconut. It is naturally vegan, fibre-rich, and ready in under 20 minutes. These five steps will help you make it well, whether you are new to Indian cooking or not.
India and China held two senior military commander-level flag meetings on September 6 and 7, with one session at Vacha on the Indian side in Arunachal Pradesh and another at Damai on the Chinese side, the MEA said. The meetings followed understandings between the countries and discussions under the WMCC mechanism.
Omaxe Performs Bhumi Pujan for Three Landmark Projects in Faridabad's Sector 79
Faridabad (Haryana) [India], September 8: In a significant development for Faridabad's rapidly evolving real estate landscape, Omaxe has taken a key step towards the development of three major projects in Sector 79 - Omaxe Residences, Omaxe World Mall and London Street Extension. Mr. Rohtaas Goel, Founder and Non-Executive Chairman, Omaxe Limited, performed the Bhumi Pujan for all three projects, formally marking the commencement of their development.
Notebook makers seek Govt aid to avert existential crisis
The All India Notebook Manufacturers Association said that a combination of duty-free entry due to Indias FTA with ASEAN, along with the unintended consequences of the GST rate revisions last year, are severely hurting the sector
Benchmarks extend losses as rising crude prices stoke inflation concerns
The key equity indices ended lower on Tuesday, extending their decline for the second consecutive trading session. Sentiment remained subdued amid rising crude oil prices on concerns over an escalating conflict in the Middle East. India is particularly vulnerable to higher fuel prices as it imports about 85% of its crude oil requirements. Firm global bond yields further weighed on investor sentiment and heightened concerns over inflation and interest rates. The Nifty closed below the 23,650 level, dragged by weakness in private banks, oil & gas and IT shares.
Quick Wrap: Nifty Media Index rises 1.31%
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Imposter PMO official detained with bodyguard carrying a gun ahead of PM Modi's event in BKC
Mumbai Police detained two individuals at the Nita Mukesh Ambani Cultural Centre. One man claimed to be from the Prime Minister's Office while accompanied by a bodyguard. Police recovered a firearm from the bodyguard after which both were detained. The incident occurred before Prime Minister Narendra Modi's scheduled program at the venue.
IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closer
IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal and potential CSB Bank merger are key developments for investors.
