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Vitol Told Bank Radiant Contracts With CFOs Signature Were Fake
Vitol Group told Deutsche Bank AG in early August that contracts with Radiant World purportedly signed by Vitols chief financial officer werent real, according to a court ruling in Singapore.
Virtual pharma API firm HRV preparing for IPO, DRHP likely in H1 of 2027: Sources
HRV Pharma CEO Hari Kiran Chereddi says investing in capacity at partner facilities, exploring acquisitions for market access; forecasts Rs 1,000 crore revenue in FY28
ICAI warns CAs: Plan ahead as 3-day bank strike overlaps with September 30 compliance deadlines
The apex accounting body highlighted that the proposed bank strike comes at a time when several important statutory and regulatory compliance deadlines are approaching
Mumbai (Maharashtra) [India], September 25: JM Financial Services (JMFS) hosted an exclusive, invitation-only Environment & Energy Conclave for its clients, at its corporate office at Cnergy IT Park Prabhadevi, Mumbai. The two-day event brought together India's leading companies from across the sustainability value chain for a series of insightful sessions and one-on-one interactions covering sector insights, growth strategies and the investment thesis behind India's transition to a sustainable economy.
Converse has paused all marketing efforts this week after an ad evoking the Ku Klux Klan caused outrage. This decision comes amid a prolonged sales decline as the company prepares to report earnings on Oct. 1.
Ram temple donations pilfered during counting process, 105 instances caught on CCTV: SIT
A Special Investigation Team has unveiled a significant case of embezzlement involving donations meant for the Ram temple in Ayodhya. The investigation has produced a chargesheet documenting 105 instances of illicit cash withdrawal recorded on CCTV. Eight suspects have been apprehended and are in judicial custody, while additional witnesses are being interviewed.
Taylor Swift has released her latest single 'Patient Zero', which is about escaping toxic relationships. This song features on 'The Life of a Showgirl: The Encore', an expanded version of her album. The song explores themes of past experiences and emotional healing while engaging with a narrative of support. Swift announced the single and its music video premiere during the MTV Video Music Awards.
Yvon Chouinard joined a significant conservation effort in Chile which led to the creation of new national parks. In March 2017, an agreement between Chilean President Michelle Bachelet and Tompkins Conservation facilitated this initiative. The collaboration resulted in the addition of over ten million acres of land to national parks across Chile.
Zee seeks contempt proceedings against JioStar over alleged copyright violations
The latest filing escalates a copyright dispute between the companies, with Zee citing six instances of alleged continued content use
Melania Trump addressed the difficulty of family time with her son Barron, citing their busy lives. During a recent appearance, she emphasized the importance of scheduling family time in advance. Barron, studying at New York University, has reportedly become more private and withdrawn lately. Its less and less family time, [and there's] suffering because of it, Melania Trump said in an interview.
The U.S. Supreme Court has allowed the Department of Homeland Security to use the SAVE database for voter eligibility checks. This ruling follows a lower court's decision that blocked the expanded use of the system. Critics are concerned about the accuracy of federal records and the potential for wrongly flagged citizens. States can decide if they will utilize this federal resource as they prepare for elections.
In 2014, Kobe Bryant made a bold $6 million investment in BodyArmor, establishing himself as a pivotal figure in the brand's success. By 2021, Coca-Cola recognized BodyArmor's worth, purchasing the company for an impressive $5.6 billion, generating a staggering 67-fold return on Bryant's investment. His strategic marketing contributions accelerated BodyArmor's rise, further solidifying his reputation as a savvy investor alongside his stellar basketball career.
Microsoft abandons personal AI chatbot race with Copilot reboot
It allows users to edit Word or Excel documents within a Copilot app or browser tab, addressing a common gripe that Microsoft's assistant had only limited reach into its own productivity software
Silver was trading at $64.78 per ounce on September 25, remaining range-bound amid high interest rates. Analysts predict continued strength for silver due to increasing demand and limited supply. Key price levels are identified at $63 for support and $70 for resistance. A break below $63 could lead to a decline toward $60, while a rise above $70 indicates potential upward movement.
Diageo India revamps McDowells No 1 with upgraded blend, premium positioning
The transformation marks a significant repositioning of one of Indias largest whisky brands, which sells over 30 million cases annually
Listing of NSE on own platform feasible, says chair Injeti
Discussions with regulator due to happen on such a listing, currently barred, under the permitted to trade category even as BSE remains the primary listing venue.
Orient Cables (India) IPO subscribed 1.96 times
The offer received bids for 2.93 crore shares as against 1.49 crore shares on offer.
Tata Steel, Dutch government extend green steel project deadline by 5 months
The extension comes as Tata Steel and the Dutch government seek clarity on several issues that could influence the projects long-term financial viability, operational feasibility and investment timeline.
After two overseas buys, Poly Medicure doubles down on domestic manufacturing
Poly Medicure plans to launch 25-30 new products every year by FY30
EaseMyTrip rolls out electric buses in Bhopal, targets 5,000 units a year
Easy Green Mobility plans to build annual manufacturing capacity of 5,000 electric buses within five years as EaseMyTrip expands its presence in clean mobility
IIFL Home Finance signs $150 mn JICA loan to boost affordable housing
The financing will support home purchases by women from economically weaker sections and low-income groups in urban and peri-urban areas across India
Decathlon sees strong growth, eyes 1,000 cr running sports biz in 4 yrs
Decathlon Sports India, which reported revenue of Rs 4,133.10 crore in FY25, is investing 100 million euros in building and strengthening its manufacturing ecosystem in India.
EDT steps up offline expansion, plans three new launches for festive season
Founder Naiyya Saggi sees offline at 25% of sales; festive volumes seen at up to 4x with new home, kitchen and personal-care launches
Decathlon strengthening play in running sports biz, witnessing double-digit growth in India
It aims to garner a turnover of 1000 crore by 2030 from its expert running sub brand, Kiprun by Decathlon.
Data center IPO hopefuls brave tougher market as investor scrutiny grows
Data center operator DayOne is pushing ahead with its plans to go public as soon as November, according to three people familiar with the matter, even as higher interest rates and setbacks elsewhere in the data center ecosystem threaten to narrow
Sebi bans Omaxe, 5 others for violating minimum public shareholding norms
The Securities and Exchange Board of India (Sebi) has taken decisive action against Omaxe and five associated entities for breaching public shareholding regulations. Omaxe and its promoters were accused of creating a deceptive public shareholding framework, involving funds used to repurchase its shares via various means. As a result, Omaxe faces a three-month market access ban, while the others have a one-year restriction, alongside a hefty fine totaling Rs 1.
Suzuki bets on smaller-battery REEVs as India emerges key battleground
The company plans to add external charging capability and a right-sized battery to create what it calls REEV Light
Ather Energy plans aggressive push into overseas markets: CBO Phokela
However, the company will prioritise the domestic market amid the current demand-supply situation, CBO Ravneet S Phokela added.
After Bengaluru, Rapido expands Ownly food delivery service to Hyderabad
Ownly operates on a zero-commission model, charging restaurants a subscription fee instead, and currently partners with more than 20,000 restaurants
Kian-M Export files IPO papers with Sebi to raise 500 cr via fresh issue
Apart from the fresh issue, there will be an offer for sale (OFS) of up to 15 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday.
The New Icons of India: 10 Personalities Making an Impact Across Industries
New Delhi [India], September 25: India's professional world is filled with people taking very different paths to build something of their own. Some are growing businesses, some are working in specialised fields, while others are creating new platforms around ideas they believe in. This list brings together 10 such personalities from across industries, each with a distinct journey, area of expertise and body of work. From e-commerce and hospitality to healthcare, fashion, investment and traditional practices, their stories offer a closer look at the people behind the work they are doing today.
FDI rises 6% to USD 19.81 billion in April-June
In the first quarter of this fiscal, India received the maximum investments from countries like Singapore, Mauritius and the US.
Arbaaz Khan Unveils The Global Valley, The Amazic Group's First Global-Themed Villa Plots Community
Mumbai (Maharashtra) [India], September 25: Mr. Arbaaz Khan was present at the launch of The Global Valley, a premium villa plots concept unveiled by the Amazic Group this week, marking the developer's entry into the fast growing Mumbai 3.0 corridor.
Home gardeners can utilize an easy damp towel test to check if their old seeds are still viable. This involves laying out the seeds on a moist towel, rolling it up, and storing it in a warm area. The germination results will signify if the seeds are ready for planting. Effective seed storage is crucial for enhancing longevity, and sharing successful seeds with the gardening community nurtures sustainable gardening efforts.
T.N. government looks at developing GCCs in fintech space in Coimbatore, Chennai
Lumax Auto Technologies announces change in senior management
The company also announced the resignation of Satish Sundaresan, Chief Technology Officer designated as Senior Management Personnel of the Company effective from the closure of business hours of 25 September 2026.
PC Jeweller achieves debt-free status
With today's repayment, the company has successfully discharged all the outstanding debt of all the 14 consortium banks under the terms of Settlement Agreement dated 30 September 2024 with all repayments completed ahead of scheduled due dates.
Edelweiss concludes sale of 45% stake in Nido Home Finance
Edelweiss Financial Services announced the completion of sale of 45% stake in Nido Home Finance (Nido), a subsidiary of the company, by the company, Edelweiss Rural & Corporate Services (ERCSL) and Edel Finance Company (EFCL) (sellers), to CA Sardo Investments (an affiliate of The Carlyle Group) and Salisbury Investments (an investment vehicle of Aditya Puri and his family) (buyers).
PVR Inox opens 5-screen multiplex at MyMoon, Kochi
PVR Inox announced the opening of new 5-screen multiplex at MyMoon, Kochi. The new five-screen cinema is equipped with advanced projection and sound technologies, including PXL, 4K laser projection, Dolby Atmos immersive sound and RealD 3D, bringing greater clarity, depth and impact to the cinematic experience. The cinema comprises five state-of-the-art screens with a total seating capacity of 814.
JSW Thermal bags order for balance two 800MW steam turbine generators for Salboni TPP
JSW Thermal Energy (JSW Thermal), a wholly owned subsidiary of JSW Energy, has entered into a contract with its associate company, Toshiba JSW Power Systems (Toshiba JSW) for the procurement of two steam turbine generators (TG) of 800 MW each for Phase 2 of its Salboni Thermal Project in West Bengal.
Godrej Industries announces further investment in Godrej Investment
GIVL has been incorporated on 05 January 2026, as a wholly owned subsidiary of GIL. GIVL shall continue to remain a wholly owned subsidiary of GIL subsequent to the aforesaid investment.
Ingram Micro steps up India expansion as AI, data centres drive tech demand
The company has opened more than 500 positions in India this year, said Flavio Moraes Junior, Chief Country Executive, Ingram Micro India
No commitment given to bank unions on five-day work week by Finance Ministry: report
The United Forum of Bank Unions (UFBU), which claims to represent 90% of the banking workforce, has decided to go on a three-day strike beginning September 28, seeking five-day banking among other demands
Refex Industries commences Ready-Mix Concrete business at Pune facilty
The RMC business involves the production and supply of ready-mix concrete for residential, commercial, industrial and infrastructure projects
Signature Global plans 194-acre luxury farmhouse project in Gurugram West
The project has about 6.77 million sq ft of developable potential and an estimated gross development value of 5,500-6,000 crore, marking its entry into the segment
Indian equity benchmarks ended higher on Friday, with the Nifty 50 rising 0.34% and the Sensex gaining 0.43%. Axis Bank and Asian Paints led the gainers, while Max Healthcare and Infosys were among the top losers. Heres a look at the biggest movers across the Nifty and Sensex.
Bank deposits, credit shrink in fortnight to September 15
Outstanding bank deposits and advances declined significantly during the fortnight ending September 15. Deposits fell by Rs 2.49 lakh crore due to the maturing of high-cost bulk deposits. Deposit growth slowed to 17.3%, while credit growth also dropped to 18.1%. The RBI data indicated that banks experienced a net withdrawal affecting their cumulative outstanding deposits. These changes reflect an adjustment in banks' strategies influenced by recent overseas deposit inflows.
Centre expands subsidized onion sales to small towns as retail prices double from last year
In a first, the government is shipping buffer-stock onions to district markets and small towns to check price spillovers and curb festive season inflation.
Dabur India to bring Ayurvedic brand Sesa Care under its portfolio after NCLT nod
Dabur India plans to enhance its premium Ayurvedic hair-care segment following NCLT's approval of Sesa Care's merger.
RHI Magnesita expands India capabilities with local R&D, robotic automation
The company has develop advanced refractory solutions tailored to customer needs by focusing on circular economy, domestic R&D and technology transfers
INR holds above 96-mark amid pull back in oil prices
The Indian rupee appreciated 19 paise to close at 95.80 (provisional) against the US dollar on Friday, holding above the 96-mark, on improved global risk sentiment and possible intervention by the Reserve Bank. Gains in the rupee were capped by US dollar demand from local importers, high crude prices and a stronger greenback driven by hawkish Federal Reserve signals. At the interbank foreign exchange market, the rupee opened at 95.92 against the American currency. During the day, the local unit slipped to an intraday low of 95.94, but recovered lost ground to close at 95.80 (provisional), a 19 paise rise from its previous close. Indian shares fluctuated before finishing modestly higher on Friday, as a sell-off in government debt eased and oil prices retreated from recent highs following reports that Iran has submitted a proposal to the United States to end their war and reopen the Strait of Hormuz within seven days. The BSE Sensex closed at 73,895.74 (up 315.20 points or 0.43%) and ..
Govt appoint Dinesh Pant and Girija Subramanian as members of IRDAI
In a significant restructuring of the Insurance Regulatory and Development Authority of India (IRDAI), Dinesh Pant, Managing Director of LIC, and Girija Subramanian, ex-CMD of New India Assurance, have been appointed as new members. Pant's retirement is effective September 24, 2026, while Subramanian stepped down in July. These changes are indicative of the dynamic shifts within India's insurance regulatory landscape.
ET Alpha Wealth Summit 2.0: Structured debt and the search for higher yields
Structured debt is becoming a go-to option for high-net-worth individuals aiming for better returns and risk strategies. These investors typically review important factors, including credit quality and how cash flow is generated, before diving in. Key elements such as collateral and capital structure are essential for providing downside protection, while liquidity concerns persist due to a general lack of active secondary trading in structured debt.
Mumbai (Maharashtra) [India], September 25: Eleven young, highly educated devotees from different corners of the world will take Atmarpit Diksha, a lifelong vow of celibacy and service, in Mumbai this Saturday. The ceremony will be one of the central moments of 'Aho Gurudev', the celebration of the 60th birthday of Pujya Gurudevshri Rakeshji, founder of Shrimad Rajchandra Mission Dharampur (SRMD).
What is OpenEvidence, the ChatGPT for doctors valued at $15 billion in a new funding round?
OpenEvidence, valued at $15 billion, is deploying its AI search engine for doctors in 100 countries, enhancing medical knowledge access.
Engineers India among 7 stocks hitting 52-week highs; shares rallied up to 25% in a month
Seven BSE 500 stocks, including Engineers India, Welspun Corp and Zydus Lifesciences, touched fresh 52-week highs on Friday. Here is a look at their new highs, current market prices and one-month performance.
Akasa Air, Indias third-largest airline, is reportedly contemplating an order for over 200 Boeing 737 MAX aircraft. A decision could be made early next year, with commercial terms expected by late 2027.
Tesla opens sixth experience centre in Chennai, expands service network
Customers placing orders in September would be targeted for delivery before Diwali, says Tesla
Indian founders are turning food ordering into a digital experience, raising a bigger question: can the thrill of buying be separated from the purchase itself?
ASX 200 falls for fourth straight week ahead of RBA decision
Persistent inflation has raised expectations of further interest-rate hikes after three increases earlier this year. Investors are also awaiting August inflation data, following a July reading that came in above expectations and remained higher than the RBAs 23% target range.
Japan's Nikkei rises for fifth straight session as oil and bond pressures ease
Oil prices declined after reports that the US and Iran were discussing a phased agreement that could help reopen the Strait of Hormuz and ease a US blockade on Iranian ports. Global bond yields also stabilized after a sharp rise over the previous two sessions. Japans 10-year government bond yield edged down from its highest level since 1996.
Prestige launches 11.91-acre residential project 'Prestige Parklane' at Devanahall, Bengaluru
With estimated GDV of Rs 1,750 cr
Paramount+ plans to introduce new features, including a free tier and interactive ads, to enhance engagement before acquiring Warner Bros. Discovery for $110 billion. Changes aim to emulate Netflix and YouTube, as Paramount addresses a rise in subscriber cancellations.
True North picks up $50-60 mn stake in IPO-bound InMobi
Details of the valuation were not available as the investment was blended across different entities.
Audi India starts local assembly of Audi Q3 in Chhatrapati Sambhajinagar
Powered by a 2.0-litre petrol engine and equipped with Audi's quattro all-wheel drive, the all-new Audi Q3 combines dynamic capabilities
Nifty ends above 23,100 level; consumer durables shares climb
Consumer durables, realty and auto shares advanced while media, IT and pharma shares declined.
Refex commences Ready-Mix Concrete (RMC) business
Starts commercial operations at RMC plant located at Pune
Inside Tata Sons' power struggle: Tata Trusts, Chandrasekaran and the battle over control
Tata Sons is facing a boardroom dispute with its largest shareholder, Tata Trusts, over chairman N Chandrasekarans reappointment and a potential stock market listing. Led by Noel Tata, the trusts are weighing legal options, while lawyers Abhishek Manu Singhvi and Harish Salve have offered opposing interpretations of Tata Sons governance rules.
KPIL announces successful listing of LMG on Nasdaq Stockholm
Kalpataru Power Transmission Sweden holds 65.9% stake in LMG post-listing
Conservation work on the ancient Vitthal and Rukmini idols commenced this week under ASI supervision. The idols are undergoing scientific cleaning and protective coating to preserve their integrity for future generations. Digital documentation of the idols has been completed to aid future preservation efforts. The temple will reopen for devotees on September 26 after the conservation is finished.
Section 22-A properties issues resolved: Telangana has allowed registration of Section 22-A properties for owners with valid layout or building approvals from authorities like GHMC, HMDA and DTCP. District level committees will examine cases individually and clear eligible ones through a fast track process, requiring at least one valid link document for registration.
Govt disburses Rs 36,754 cr under PLI schemes as on June 30
The government has disbursed Rs 36,754 crore to beneficiary companies under the Production Linked Incentive schemes. These schemes have led to actual investment of Rs 2.58 lakh crore in manufacturing capabilities. While attracting investment, they have facilitated exports amounting to Rs 15.53 lakh crore and generated significant employment opportunities. In the pharmaceuticals sector, the scheme has recorded sales exceeding Rs 3.64 lakh crore.
India's table tennis doubles teams, including Harmeet Desai-Sathiyan Gnanasekaran and Diya Chitale-Yashaswini Ghorpade, were eliminated in the third round. Harmeet and Sathiyan lost 0-3 to Japan's Sora Matsushima and Shunsuke Togami in men's doubles. The women's doubles pairs also faced defeats against strong Chinese teams, ending their campaigns early. Despite the setbacks in doubles, India had some successes in other sports, including kabaddi and shooting.
4 women wrestlers challenge Brij Bhushan's sexual harassment case acquittal
In a significant legal move, four female wrestlers are appealing a magistrate's acquittal of Brij Bhushan Sharan Singh, challenging the ruling from August 3 by Additional Chief Judicial Magistrate Ashwini Panwar. They assert that the acquittal lacks legal grounding and is fundamentally flawed.
Delhi HC issues notice to Riju Ravindran on Byjus Alpha plea to enforce 8 crore DIFC court order
Byjus Alpha is seeking to recover $840,000 in legal costs from Ravindran in India, stemming from his challenge to enforcement of a $540.647 million US judgment.
Coastal flood warning in US: Millions in the Northeast prepare for a significant noreaster expected to bring heavy rains and strong winds. Coastal flood warnings are issued from North Carolina to Connecticut, alerting residents to potential flooding. Areas in Maryland and Virginia are already experiencing rising waters, with warnings for low-lying regions. New York City officials encourage residents to prepare for possible flooding in coastal neighborhoods with necessary precautions.
McDonald's wants a bigger slice of the chicken market while holding on to its strength in burgers. By 2030, it hopes to grow its chicken market share by 1.5 percentage points. It has set the same goal for beverages.
Biocon Malaysia gets UK MHRA approval for new drug product fill-finish unit for insulins
UK regulator approval follows EMA clearances, enabling Biocons Malaysia-based fill-finish line to support aseptic packaging and final delivery of Semglee insulin and other biologics
Jean-Eric Paquet, the new European Union Ambassador to India, presented his Letters of Credence to President Droupadi Murmu. The ceremony marks a significant step in the evolving EU-India strategic partnership, focusing on trade and security. Key initiatives include negotiations on a Free Trade Agreement and a Security and Defence Partnership. Both sides aim to enhance cooperation in technology, investment, and sustainable development.
Zee alleges JioStar violated Delhi High Court order on expired music rights
Following an expired licensing deal on 31 October 2025, Zee has filed a non-compliance plea against JioStar, claiming the broadcaster continues to stream its music without authorization.
L'Oreal Paris to Host Le Defile at The Eiffel tower, Celebrating Sisterhood, Diversity and Inclusion
Mumbai (Maharashtra) [India], September 25: L'Oreal Paris will return to Paris Fashion Week with its iconic runway show, Le Defile L'Oreal Paris, on 28th September 2026 at Place Joffre set in front of the iconic Eiffel Tower. Now in its ninth edition, the annual showcase brings together leading global voices from fashion, beauty and entertainment to celebrate women's empowerment, sisterhood, diversity and inclusion.
Breaking out: 97-year-old South Indian Bank wants to outgrow name, go national
The lender, based in Thrissur, Kerala, plans to expand in Maharashtra, Gujarat and the national capital.
The name is bond, treasury bond: Rising US yields can shake India
US Treasury yields have climbed to multi-year highs, with the 10-year yield at 5.18% and 30-year yield at 5.47%, raising concerns for global markets, including India. Higher US yields make dollar assets more attractive and increase the return investors demand from emerging markets such as India.
Daren Sammy emphasizes the importance of the upcoming ODI series against India for their World Cup preparation. He highlights that winning in India is essential for a team's confidence and overall capability. Sammy notes the progress made by several players, including Shai Hope and Alzarri Joseph.
A schoolteacher in Riverton, Nova Scotia, was arrested for alleged assault and sexual misconduct against students. Matthew Donahoe, 53, faces multiple serious charges, including sexual assault and assault by choking. Police are investigating further reports and have identified additional victims of similar alleged assaults this school year. The Chignecto Central Regional Centre for Education has provided support for affected students following the incident.
Macquarie projects a robust growth trajectory for India's capital market sector between fiscal years 2026 to 2030. This optimistic outlook hinges on a notable redirection of household savings towards market-based financial products. Key growth drivers identified are financialisation, equitisation, and productisation, which together enhance investment opportunities. Consequently, brokers and exchanges are likely to see substantial advantages from an expanding investor demographic.
Explainer: Why Tata Sons and Tata Trusts are locked in a power struggle
Tata Sons and its 66% shareholder Tata Trusts are at odds over N Chandrasekaran's reappointment and a possible listing
Adon launches new range of flavoured dry fruits
The new range expands the Company's presence in the value-added, ready-to-eat snacking segment. The products are processed and packed at FSSAI-licensed facilities in Navi Mumbai and are offered in resealable stand-up pouches of 100 g (5 servings of 20 g each).
Kinetic Engineering announces Rs 57 cr investment from Promoters
Kinetic Engineering (KEL) is further strengthening its growth momentum with an additional investment of approximately Rs 57 crore towards expansion and growth. Of this, around Rs 17 crore will be directed towards Capex, while Rs 40 crore will be invested in expansion of its electric two wheeler segment, underscoring KEL's continued commitment to its electric mobility ambitions. The investment is by way of last tranche of conversion of 44,51,000 warrants issued to promoters in March 2025.
Nifty trades above 23,100 level; auto shares jump
Auto shares advanced after declining in the past trading session.
