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Piston Raises USD 15 Million to Scale the Infrastructure Layer for Logistics Commerce
Kolkata (West Bengal) [India], September 11: Piston, a cardless payments platform that connects commercial fleets and gas stations, today announced it has raised USD 15 million in Series A funding. FPV Ventures led the round, with participation from existing investors Spark Capital and Pear VC. The financing brings Piston's total capital raised to USD 22.5 million.
Manipal Payment and Identity Solutions IPO subscribed 1.42 times
The offer received bids for 1.85 crore shares as against 1.30 crore shares on offer.
Asset Reconstruction Company (India) IPO subscribed 20.10 times
The offer received bids for 74.19 crore shares as against 3.69 crore shares on offer.
Rentomojo IPO subscribed 72.88 times
The offer received bids for 158.68 crore shares as against 2.17 lakh shares on offer.
INR losses partially offset by a correction in crude oil prices
The Indian rupee pared most of its initial losses and settled at 95.57 (provisional) against the US dollar, down by 5 paise, on Friday, helped by a correction in crude oil prices and possible RBI intervention. The rupee opened on a negative note but pared some losses on suspected RBI intervention, a slight recovery in domestic stock markets from the day's lows and profit booking in crude oil prices at higher levels. Indian shares ended Friday's session lower as Middle East tensions persisted, and investors awaited key U.S. CPI data later in the day for additional clues on the Federal Reserve's rate trajectory. However, after crashing nearly 1 percent earlier in the session, benchmark indexes Sensex and Nifty sharply recovered most of their losses to end the day only with modest cuts. NIFTY 50 closed at 23,398.10, down by 79.70 points while BSE SENSEX finished at 74,781.76, dropping 120.83 points.
Manika Plastech IPO subscribed 1.42 times on day 1
The offer received bids for 3.04 crore shares as against 2.13 crore shares on offer.
Karamtara Engineering IPO subscribed 62.63 times
The offer received bids for 159.17 crore shares as against 54.43 lakh shares on offer.
LCC Projects IPO subscribed 48.51 times
The offer received bids for 101.52 crore shares as against 54.43 lakh shares on offer.
Mirpur Chaturmas: A Unique Journey of Silence, Meditation and Inner Peace
Mirpur (Uttarakhand) [India], September 11: Away from everyday stress, the 1,300-year-old Shri Hamirpura Parshwanath Jain Tirth in Rajasthan's Sirohi district has emerged as a unique centre of spiritual practice. The ongoing 'Nij Mein Nivas-Mirpur Chaturmas' has brought together devotees who have taken a vow of silence and voluntarily given up the use of mobile phones. The 50-day spiritual retreat, which began on July 28, will continue until September 16.
Nifty ends below 23,400 as crude surge, rising yields pressure equities
The key equity indices ended lower on Friday after a gap-down opening, as escalating tensions in the Middle East and a sharp rise in crude oil prices weighed on investor sentiment. The sell-off eased from the day's lows, but the Nifty remained below the 23,400 level, dragged by weakness in metal and auto shares. Brent crude surged amid concerns over supply disruptions, while the US 10-year Treasury yield moved close to 5%, adding to pressure on risk assets.
Quick Wrap: Nifty Realty Index falls 2.70%
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Saudi airstrikes hit Yemen's rebel-held Mokha airport as Houthis take island near key strait
Yemen's Houthi rebels seized a strategic island in the Bab el-Mandeb Strait. This advance further threatens Saudi oil exports through a key global shipping lane. Saudi Arabia responded with airstrikes against the port city of Mokha, which the Houthis captured. The rebels' territorial gains could boost Iran's strategy to pressure the United States.
India's forex reserves jump $44.90 billion to record $785.71 billion as of September 4
India's foreign exchange reserves reached a record $785.71 billion. This surge followed a significant increase in the previous week. Foreign currency assets saw a substantial rise, contributing most to the growth. Gold reserves, however, experienced a slight decline during this period. Overall reserves show a considerable increase from both earlier this year and last year.
Prakash Industries gets environment clearance for Bhaskarpara Coal Mine expansion
'What a tragic fall from Singh is King': Congress slams 'weak Modi govt' over controversial US ad
Congress has criticized the Modi government for its silence on a US Department of Homeland Security advertisement. The advertisement asked 'Mr Singh' to self-deport, sparking controversy and accusations of racism. Congress stated the Modi government appears weak and unable to advocate for India's interests. This incident follows previous instances of perceived humiliation for Indians under the current administration. The party demands accountability for the government's perceived diplomatic failures and silence.
RBI deputy governor Murmu calls for stronger human accountability as finance automates
RBI deputy governor S. C. Murmu said automation cannot dilute lenders accountability, while payment systems must strengthen resilience, fraud controls and customer protection.
In a remarkable archaeological find, researchers in Poland have discovered a 5,000-year-old burial site from the Stone Age, situated close to a Roman cemetery. The grave housed a nearly intact male skeleton alongside two other skulls, amber beads, a flint knife, a stone ax and a necklace made of 42 sharp teeth. The grave was discovered at an archaeological site near Zorawina, in southern Poland.
School Holiday Tomorrow: On Saturday, September 12, 2026, most Indian schools are set to operate as usual. However, due to the second Saturday of the month, several institutions may shut down. Additionally, some districts could implement weather-related closures for student safety. Parents are encouraged to confirm the holiday status with their specific school and keep an eye on local administration updates for any changes.
Bank of India plans to raise $1 billion via OFCBs by December
Bank of India plans $1 billion overseas borrowing after raising $2.2 billion through FCNR(B) deposits as lenders seek to benefit from the RBIs hedging subsidy.
Having a favorite teacher is a fairly common experience. Students may naturally connect more strongly with certain teachers because their classroom experiences are influenced by more than the subject being taught. Feeling understood, supported and capable can all shape how students respond to a particular teacher. Research has also consistently found that positive teacher-student relationships are associated with greater student engagement and, in some studies, improved academic performance.
Prime Minister Narendra Modi on Friday expressed confidence that people-to-people ties between India and Russia will grow further with the translation of the Thirukkural into Russian, as he gifted the Russian version of the classical Tamil scripture to Russian President Vladimir Putin during their bilateral talks in New Delhi.
Satin Finserv Limited has announced the launch of ' The Climate Edition', a national initiative aimed at discovering and supporting students and early-stage startups building solutions to some of the most pressing climate and environmental challenges.
Prasol Chemicals IPO subscribed 3.30 times
The offer received bids for 1.79 crore shares as against 54.43 lakh shares on offer.
Can Fin Homes strengthens its technology landscape with Project Tejas
Can Fin Homes has been progressively strengthening its technology landscape to build a connected, agile and future-ready organisation. In this direction, Project Tejas symbolises a paradigm shift towards a digital future for Can Fin Homes. The acronym 'TEJAS' stands for Tech Enhanced Journey for Agility C Scalability.
Vikram Solar secures 124 MW module supply order for solar project in Andhra Pradesh
Vikram Solar has secured a 124 MW module supply order for a solar project in Anantapur, Andhra Pradesh. The order is placed by Capital Energy.
Ashok Leyland expands Karnataka footprint with new dealership in Raichur
This is the 12th Light Commercial Vehicle dealership in the state, enhancing its LCV distribution network to over 945 customer touchpoints nationwide
Ultraviolette Auto eyes funding from Yali, Speciale and TDK as part of ongoing round
Ultraviolette is stitching together over 500 crore from new and existing investors as it steps up manufacturing in Karnataka and Tamil Nadu and expands its electric two-wheeler portfolio.
Following an early morning slump, Indian stock markets rebounded robustly on Friday. This turnaround was encouraged by a significant drop in oil prices and a moderation in bond yields from their recent peaks. The anticipated discussions between Gulf nations and Iran regarding shipping management in the Strait of Hormuz also played a crucial role in easing supply concerns and stabilizing the market.
Mint Explainer| How quick commerce is changing Indias super-app strategy
Quick commerce has grown from being an extension of grocery delivery into a much larger business for several consumer companies. Do platforms really need a separate app for their offerings?
Decathlon India's wholesale business grows 20-fold in 5 years, contributes 10% of revenue
Decathlon Indias revenue for the financial year ending March 31, 2025, was 4,133.10 crore. It has not yet filed FY26 numbers with the Registrar of Companies
To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is insufficient. While AI holds the promise to connect more individuals with insurance, accessibility issues persist. Special attention is needed for the often-overlooked 'missing middle' demographic. Establishing consumer trust and providing adequate coverage are key to broadening insurance use. Defining shared responsibilities is essential for achieving universal insurance access.
Japanese stocks fall as oil prices and bond yields rise
Investors also remained cautious ahead of the US CPI report. Thursdays stronger-than-expected producer price data raised expectations that the Federal Reserve could raise interest rates next week.
China stocks fall as oil prices and US yields rise
Investor sentiment was hurt by higher oil prices and rising US Treasury yields. Oil prices stayed elevated after Trump said he did not expect the Iran war to end before the November midterm elections, adding to concerns that crude prices could remain high.
India's new business transition economy: What happens after a business is built?
New Delhi [India], September 11: India's entrepreneurial story is gradually entering its next defining chapter, one that goes beyond starting and scaling businesses to answering a more complex question: what happens after the business is built?
Decathlon India's wholesale business grows 20-fold, adds 10% to revenue
Decathlon Sports India, leading sports goods manufacturer and retailer, on Friday said its wholesale or Business-to-business (B2B) business has grown 20-fold over the last five years and the vertical contributed about 10 per cent to the total revenue. According to RoC filings, Decathlon India's revenue from operations was Rs 4,133.10 crore for the financial year ended on March 31, 2025. It is yet to file the FY26 numbers with the Registrar of Companies (RoC). The wholesale business now delivers to more than 20,000 pin codes across India, covering over 90 per cent of the country. Tier 2 and Tier 3 regions, including high-altitude terrains across Jammu & Kashmir, Leh & Ladakh, Himachal Pradesh and the Northeast, contribute more than 40 per cent of total B2B revenues, the company said in a statement. Decathlon India's wholesale arm is evolving into an integrated sports solutions partner, expanding its footprint to defence establishments, government bodies and over 20,000 ...
Sri Lotus Developers shares jump 3% to fresh 52-week high after Capital Group buys nearly 2% stake
Sri Lotus Developers shares hit a fresh 52-week high after a Capital Group fund acquired a 2% stake worth over Rs 195 crore. The promoter stake sale helped meet minimum public shareholding norms. The stock has more than doubled since its March low, while Q1 FY27 profit rose 77% year-on-year.
Jefferies' 25% CAGR club: Paytm, Groww among 5 financial stocks that can deliver up to 25% returns
Jefferies has identified Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp as its 25% CAGR club of Indian financial stocks. The brokerage expects strong earnings and revenue growth over FY26-29, supported by scale, new business initiatives and operating leverage, while maintaining Buy calls on all five stocks.
Jefferies cuts KEI Industries target price by 11%. Will UltraTechs entry put the company at risk?
Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement
DreamFolks is moving beyond airport lounges. Can it regain lost ground?
DreamFolks expects to return to its pre-lounge-exit revenue by 2030, but with a radically different business mix spanning travel, dining, wellness, golf and railway lounges.
Hidden goldmine! How NSE IPO will unlock Rs 95,000 crore value for over 20 listed companies
The NSE IPO could unlock significant hidden value for 26 listed shareholders, whose combined NSE holdings could be worth around Rs 94,619 crore at the tentative upper price of Rs 1,785 per share. LIC stands to benefit the most, with its 26.53-crore-share stake valued at around Rs 47,351 crore.
Alembic Pharma clears USFDA inspection at Vadodara bioequivalence facility with nil observations
The company stated that the USFDA conducted an onsite bioequivalence inspection from August 31 to September 10, 2026
AXISCADES acquires majority stake in Cloud Wave and its subsidiaries
Consequent to completion of this acquisition and other closing conditions as mentioned in the Transaction Documents, Cloud Wave, Protohubs and Aureate have become subsidiaries of the Company, and Protohubs and Aureate have become step-down subsidiaries of the Company.
QClairvoyance Quantum Labs, IITM-C-DOT Samgnya tie up on quantum tech
The partnership will focus on quantum computing, algorithms, AI and post-quantum cybersecurity, with emphasis on research, validation and eventual deployment
Earning in dollars doesnt make NRIs better investors: Currency advantage alone isnt enough
For NRIs earning in stronger foreign currencies such as dollars, pounds or dirhams, investing in India can offer greater rupee purchasing power. However, experts caution that currency strength alone does not make someone a better investor.
Benchmarks come off the day's high; European markets trade flat
The benchmark indices came off the day's high in afternoon trade as a weakening rupee, higher crude oil prices and elevated global bond yields weighed on sentiment. The Nifty slipped below the 23,350 level. Realty, financials and oil & gas stocks declined while IT & media shares managed to buck the trend.
Indias data centre surge is powering a massive boom in sales of generator sets
With data centres operating continuously, generator sets have become imperative to keep their IT infrastructure, cooling systems and lighting running in the event of an outage.
Clean-food startup Khetika is betting on pesticide-free spices. Can it clear the global quality bar?
Khetika has invested 10 crore in a pesticide-free spice facility in Gujarat, aiming for a 1,000-crore spices business and global markets. But is pesticide-free enough?
Market under pressure; PSU bank shares decline
PSU Bank shares declined after advancing in the past trading session.
Dollar index holds near 99 mark ahead of US CPI report
The dollar index is holding close to 99 mark on Friday, as soaring oil prices and accelerating US producer prices data are increasing bets for a Federal rate hike. Oil futures were boiling at its highest level since May driven by escalatory strikes between Iran and the US. Producer prices in the US increased 0.4% mom in August 2026, following an upwardly revised 0.1% rise in July and in line with expectations. Treasury yields also moved higher after data showed US producer inflation accelerated in August as the Iran war drove up wholesale energy prices, with markets now awaiting the latest consumer inflation data. The dollar index that measures the greenback against a basket of currencies is quoting at 98.78, erasing much of early day gain. Among basket currencies, EUR/USD and GBP/USD are both staying mildly lower at $1.1651 and $1.3527 respectively.
Fabtech completes Himalaya Wellness' Dubai manufacturing facility project
Fabtech Technologies (FTL), through its Step Down Subsidiary FTS Cleanrooms Systems LLC, UAE, has delivered a project for Himalaya Wellness Company, a global herbal health and personal care brand in Dubai Internet City to support pharmaceutical and cosmetic manufacturing operations with different cleanroom requirements.
Ashoka Metcast Ltd leads gainers in 'B' group
Graviss Hospitality Ltd, Steel Strips Infrastructures Ltd, Deep Polymers Ltd and Ladderup Finance Ltd are among the other gainers in the BSE's 'B' group today, 11 September 2026.
Raymond Ltd leads gainers in 'A' group
AWFIS Space Solutions Ltd, Black Box Ltd, Dynamatic Technologies Ltd and Sun TV Network Ltd are among the other gainers in the BSE's 'A' group today, 11 September 2026.
Mumbai (Maharashtra) [India], September 11: Turakhia Opticians, Mumbai's premier destination for luxury eyewear, has announced the expansion of its flagship store at Shop No. G-2A, Prime Mall, Irla Road, Opposite Alfa, Vile Parle West, Mumbai - 400056. The expanded store features a first-of-its-kind dedicated space for uber-luxury sunglasses and optical frames, bringing some of the world's most coveted and exclusive international eyewear brands to Mumbai under one roof.
India's crude oil imports spike 13% on year in Jul-26
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New-age industries fuelling India's capex cycle
Corporate spending on large infrastructure projects is picking up in India, with new-age sectors such as data centres, green hydrogen and electric vehicles emerging as important drivers of credit demand, Ashwini Kumar Tewari, managing director at State Bank of India Ltd., told Bloomberg Television in an interview.Considering the fact that Indians are one of the largest consumers of data in the world, and the data is pretty cheap, I think we have a need for a lot more data centers, which is why the demand is there, Tewari said.India is also moving to strengthen its position as an attractive destination for data centre investments. The country has proposed easing conditions related to a tax holiday for Indian data centre services, as opposition to such infrastructure grows in the US and some other markets.Gautam Adani has outlined plans to invest $100 billion in AI-ready data centres by 2035, while Mukesh Ambanis conglomerate Reliance Industries plans to invest as much as $110 billion over seven years in artificial intelligence-related infrastructure.Earlier this year, India passed a law exempting foreign cloud service providers from tax until 2047 if they use Indian-owned data centres for global operations. Hyperscalers such as Amazon.com Inc. are also looking to establish data centres in the country, with government regulations requiring Indian data to be stored locally, Tewari told Bloomberg.Indias broader corporate investment cycle is also gathering momentum as healthier balance sheets, better demand visibility and stronger growth prospects prompt companies to increase capital expenditure. The sustained capex cycle has, in turn, boosted credit demand and opened up another avenue of growth for banks.SBI, which accounts for about a quarter of Indias loan market, is witnessing investment activity across sectors including power, real estate, steel, automobiles and hotels, Tewari said. Credit growth, he added, remains very strong across segments.Bank lending in India grew 19% year-on-year in July, as companies increasingly turned to bank loans instead of bonds because of lower borrowing costs. SBI, which had assets worth 76.6 trillion ($803 billion) as of June 30, is widely seen as a bellwether for the Indian economy.Tewari, who has spent more than three decades with the lender, said funds mobilised through foreign currency non-resident (FCNR) bank deposits will be used to replace high-cost deposits and borrowings, while also supporting lending.India recently raised a record $127 billion from its diaspora through FCNR bank deposits under the central banks special window, aimed at supporting the rupee after it hit record lows.SBI expects to be able to deploy the liquidity over the next one to two years, Tewari said.(With inputs from Bloomberg)
Oracle earnings show slower cash burn as AI spending starts to pay off; stock jumps 4% after market
Oracles latest earnings offered investors relief as stronger-than-expected revenue and a smaller cash burn eased concerns over its heavy AI spending. The companys revenue backlog surged to $664 billion, while customer prepayments helped fund capital expenditure. Oracle shares rose 4% after market as investors gained confidence in its AI growth strategy.
Centralised interoperable digital layer can help bridge Rs 60 lakh crore MSME credit gap: Report
India's MSME sector faces a significant formal credit gap, with existing channels meeting limited debt demand. A new digital layer can connect businesses, banks, and payment providers to bridge this gap. This system will digitise the order-to-cash process and automate invoice reconciliation across the nation. It enables cash-flow-based underwriting and addresses delayed receivables for small businesses.
SC seeks FSSAI clarity on front-of-pack warning label implementation
The Court has raised questions over how consumers will be alerted to nutrients of concern and how the proposed system will operate
EUR/USD around two-week high as Lagarde highlights inflation pressures
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SML Mahindra expects margin recovery by Q4FY27, plans electric bus launch
Revenue from operations increased 13.2% to approximately 958 crore in Q1 FY27, driven by seasonal bus demand and growth in light commercial vehicle volumes
SBI-led group of banks to provide $3.5 billion of debt financing to Vi
Vodafone Idea, the country's third-biggest wireless operator in terms of users but still loss-making, plans to use some funds to improve its network and better compete with Airtel and Jio
Mumbai (Maharashtra) [India], September 11: PayU, India's leading diversified fintech platform, announced the launch of its Agent HQ, an AI agent store for Indian SMB merchants, where they can choose and deploy an agent for each job in commerce - from making their business discoverable to AI shopping agents and driving growth, to simplifying payment-related everyday operations and powering their own conversational AI experiences.
BoI, Indian Bank cumulatively raise nearly $5 bn through FCNR deposits
The state-owned lenders are using cheaper foreign-currency funding to meet rupee liquidity needs, extend loans and reduce dependence on high-cost deposits and borrowings
Nifty below 23,350; metal shares under pressure
At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 385.82 points or 0.52% to 74,518.60. The Nifty 50 index lost 135.50 points or 0.58% to 23,342.30.
Diamond Power Infra gains after clearing Rs 2,401 crore resolution plan
Diamond Power Infrastructure rose 2.27% to Rs 360 after the company announced that it had completed its exit from the resolution framework under the Insolvency and Bankruptcy Code (IBC).
The Nifty Midcap 150 has gained around 11% over the past year, outperforming the Niftys 6% decline. However, the gains have been uneven, with more than half of its constituents still in the red and some down as much as 70%. SKF India, KPIT Tech, Syngene International, RVNL, Tata Elxsi and Emami are among the notable laggards.
Shipping and Shipbuilding: The Engines of Indias Economy
This e-book delves into the ambition, strategy, and intricate challenges behind Indias mission to transform its shipyards into engines of economic growth.
Bank strike halts work at 7,000 branches in MP, affects business worth Rs 5,500 crore: Association
Bank operations halted across Madhya Pradesh due to a nationwide strike. Approximately 7,000 branches were affected, impacting daily business worth Rs 5,500 crore. Employees demanded a five-day work week and improved pension benefits. Other demands included uniform dearness allowance and NPS option. This strike disrupted cash, cheque, and treasury-related financial activities.
HDFC Bank shares fell despite the rejection of all seven Bahrain cases linked to Credit Suisse AT1 bonds. The stock remains under pressure amid governance concerns, recent losses and investor focus on earnings, while brokerages maintain positive views.
$4 billion CIO Nimesh Chandan spots 4 bullish signals for Indian stocks. What changed?
Indias stock market is poised for a broader recovery as four core cyclesmacroeconomics, corporate earnings, credit growth, and market sentimentalign positively. Nimesh Chandan, CIO of Bajaj Finserv AMC, highlights these improving indicators as a key foundation for sustained equity growth, provided earnings momentum continues and global market headwinds soften.
The other Hero comes to Dalal Street: A Munjal family story with a market twist
Hero Motors, the Munjal family-controlled automotive technology company, is set to enter Dalal Street with a Rs 1,000 crore IPO. The company, distinct from listed Hero MotoCorp, traces its roots to the Hero Group and has expanded into powertrain systems and components for global automotive and mobility customers.
Coforge says OP Bhatt did not share complete findings of Board evaluation report
The latest clarification by Coforge has further complicated matters between the outgoing Chairman and the company and raising serious governance issues at the mid-tier IT services company.
Us stocks dip for four seasons in row
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Neogen Chemicals launches QIP issue to raise funds amounting to Rs 600 crore
Neogen Chemicals announced that its fund-raising committee has approved the opening of a Qualified Institutions Placement (QIP) of equity shares aggregating up to Rs 600 crore.
SBI's 80 paise masterstroke: How NSE IPO could deliver Rs 2,850 crore jackpot and 2,23,025% return
SBI is set to potentially book a massive profit from the NSE IPO by selling up to 1.60 crore shares acquired at a weighted-average cost of just 80 paise each. At the upper price band of Rs 1,785, the stake sale could fetch around Rs 2,850 crore, implying a staggering 223,025% return.
ESDS Software Solution jumps 5%, extends 6-session rally; shares up 287% from IPO price
ESDS Software Solution shares extended their post-listing rally to six sessions, surging 287% from the IPO price. Strong issue demand, rising investor optimism around data centres and improved FY26 profitability have added momentum to the stock.
BSE shares fall 3% as rival NSE gets closer to mega IPO. More pain ahead?
BSE shares fell on Friday after rival NSE announced its Rs 22,662-crore IPO, with the issue set to open on September 17. Bernstein has an Underperform rating on BSE, citing moderating retail participation and potential peaking of market share gains in FY27. The stock remains sharply higher over longer periods.
Glenmark launches allergic rhinitis nasal spray RYALTRIS in Brazil
RYALTRIS is indicated for treating moderate to severe symptoms associated with allergic rhinitis in people aged 12 years and older
Banking services hit as unions strike for five-day workweek
A nationwide bank strike disrupted services at public sector banks on Friday as unions pressed for a five-day workweek and resolution of wage and pension issues. Branch-based services, including cash transactions and cheque clearances, were hit, while UPI and internet banking continued to operate.
Marengo Asia Hospitals raises $40 mn from LeapFrog Investments
The funds will help deepen Marengo's presence in existing markets, expand into adjacent geographies and invest further in medical technology, centres of excellence, and patient experience.
Indices trade with major losses; realty shares decline
At 10:30 IST, the barometer index, the S&P BSE Sensex, tanked 538.70 points or 0.72% to 74,367.44. The Nifty 50 index lost 179.35 points or 0.76% to 23,298.45.
FII darling turns into exit trade: Is HDFC Banks 10% foreign holding drop a worrying sign?
HDFC Bank has seen a sharp decline in foreign investor ownership since its merger with HDFC, reflecting concerns over slower growth, funding pressures, margins and leadership changes. FII holding has fallen from 52.13% in September 2023 to 41.82% in June 2026. While valuations have become more attractive, investors await clearer signs of improving growth, profitability and post-merger execution.
INR struggles at one and half month low amid soaring oil prices
The Indian rupee extends downside in opening trades on Friday, weighed down by surging crude oil prices, foreign fund outflows and escalating Middle East tensions. INR opened at Rs 95.70 per dollar and hit a low of 95.80 so far during the day. The counter is struggling at a one and half month low driven by elevated crude oil prices and foreign portfolio outflows. Indias BSE Sensex also slipped about 1.0%, or 710 points, to 74,188 this morning. Brent crude climbed nearly 12% this week, as intensifying Middle East tensions disrupted shipping through the Strait of Hormuz and Red Sea, raising concerns over Indias external balance, growth and inflation. The rupee remained under pressure after weakening to 95.44 per dollar, while rising US Treasury yields after stronger-than-expected producer price data lifted expectations of a Federal Reserve rate hike next week added to the risk-off mood.
Flipkart's Super.money bets on AI agents to take on bigger rivals
The fintech has begun rolling out its consumer agents and plans to cover all of its customer base in the next two months, Chief Executive Officer Prakash Sikaria said
Costly war far from over even as US loosens Iran's grip on Strait of Hormuz
US has restricted Iran's oil exports and loosened its Strait of Hormuz control. This ongoing conflict, however, is nowhere near resolution and its costs are only rising. Iran's leaders have shown no signs of backing down and may even escalate military actions further.
Clearing smartphone notifications offers a sense of completion and control. Research indicates these alerts disrupt attention and create uncertainty for users. Managing notifications can become an appealing routine for restoring order. Predictable notification batches improve attentiveness and reduce user stress. This habit reflects responses to digital clutter and a desire for manageability.
Savannah Guthrie spoke about her mother Nancy Guthrie in the past tense during a recent broadcast. Her mother, Nancy, vanished from her Arizona home in February 2026. The search for the 84-year-old continues seven months after her disappearance. Authorities are actively investigating the kidnapping with the FBI's assistance. DNA and video analyses are ongoing, supported by nationwide laboratories.
The Hindu-VIT Biotech Conclave 2026 | Live
IMF underscores resilience of the Indian economy despite energy price shock
The International Monetary Fund (IMF) has described India as a key engine of global growth after the countrys economy expanded 7.8 per cent in the first quarter of the current fiscal year. The stronger-than-expected performance was driven by services and exports, even as the economy faced an energy price shock, said Julie Kozak, Director of the IMFs Communications Department. Amid the ongoing debate over the credibility of India's latest GDP estimates, the IMF has welcomed the country's efforts to modernise its statistical framework, saying the incorporation of a new Index of Industrial Production (IIP) and Producer Price Index (PPI) series should help improve the accuracy of GDP estimates. Kozak said Indias latest GDP release incorporated a new index of industrial production and a new producer price index series. The changes, she said, should improve the countrys GDP estimates. The IMF said it was also monitoring the effect of rising oil prices on Indias economy. Kozak noted that ...
Milky Mist commisions new skyr and greek yogurt facility at Tamil Nadu
Milky Mist Dairy Food said that it has commissioned skyr and greek yogurt manufacturing plant using ultrafiltration technology at its integrated manufacturing facility in Perundurai, Tamil Nadu.
