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NIA raids 10 locations in Jammu and Kashmir in LeT-linked cross border terror case
In a significant operation, the National Investigation Agency executed searches at ten different locations in Jammu and Kashmir, revealing ties to a cross-border terror plot involving handlers from Pakistans Lashkar-e-Taiba. Incriminating materials were gathered and are under scrutiny. This investigation was initiated following the arrest of an Over Ground Worker discovered with a grenade and ammunition, with the goal of exposing the full extent of the cross-border terrorism infrastructure.
UP govt seems determined to use Goonda Act as tool of harassment: Allahabad HC
The Allahabad High Court has criticised the Uttar Pradesh government's use of the Goonda Act. The court observed the stringent law was used as a tool for harassment. It quashed an order declaring Zahid Ali a goonda and externing him. The court noted an acquitted case was wrongly used against Ali. This ruling highlights the need for caution when invoking the powerful Goonda Act.
Xi Jinping urges BRICS to stand on right side of history, calls for peace in Middle East
Chinese President Xi Jinping urged BRICS nations to champion peace and stability globally. He specifically highlighted the ongoing Middle East war and its severe regional losses. Xi called for BRICS members to play a pioneering role in achieving peace. China will collaborate with other BRICS members on this critical initiative. The bloc's expanded agenda now includes global peace and geopolitical influence.
Zudio crosses 1,000-store milestone in 10 yrs, expands to 300 cities
Tata Group retail firm Trent Ltd on Saturday said its value-fashion retail chain Zudio has crossed the 1,000-store milestone in the country. Zudio offers affordable propositions and has expanded rapidly since its launch in 2016, according to a regulatory filing by Trent. The brand's network now spans over 300 cities and has served more than 100 million customers over the past decade, the company said. Besides Zudio, Trent operates Westside, which is a large-format fashion store. It also has grocery business Star. As of June 30, 2026, Trent's store portfolio included 301 Westside and 29 stores across other lifestyle concepts, operated with a footprint of over 18 million sq ft across its fashion brands. In FY26, Trent's revenue was at Rs 19,701.41 crore.
Q-com platform Zomato levies additional 5 fee on cash on delivery orders
Social media users have reported the cash-on-delivery fee going up to 20 in some locations, adding another charge for customers who choose to pay for their food orders in cash
In the first 10 days of September, more than 5,000 tech jobs were cut, taking 2026 layoffs to 128,536 across 299 companies. Oracle, Amazon, Dell, Meta, Uber, PayPal and other major firms have announced workforce reductions this year.
Indias newest Maharatna refiner eyes East, Northeast domination after expansion
Numaligarh Refinery Limited, a subsidiary of Oil India Limited, plans to commission its 9 MMTPA expansion project by March 2027
Krystal Integrated Services bags Rs 7-cr order from Maha Mumbai Metro
Krystal Integrated Services has received a Letter of Commencement from Maha Mumbai Metro (M3) Operation Corporation for providing housekeeping, facade and internal roof cleaning services at Monorail stations under Package 4.
SEBI proposes changes to CAS, derivatives settlement methodology
Consultation paper seeks views on expiry-day settlement prices, market timings, order handling and information dissemination
Demat 2.0 explained: Why it matters for bond market investors
In an innovative move, Sebi has rolled out Demat 2.0, a pilot scheme aimed at tokenising corporate bonds. This initiative facilitates rapid settlement and instant fund retrieval for investors. It automates interest and redemption payments through smart contracts, while atomic settlement mitigates risks by coordinating the release of bonds and payments seamlessly. Future developments will broaden this system's reach to secondary markets and individual investors.
PM Modi at BRICS 2026 meets world leaders Putin, Pezeshkian, Abiy Ahmed, UN chief in Delhi
Goldman Sachs India Portfolio; 10 stocks rally up to 130% in CY26
Despite the overall decline, 10 stocks delivered gains ranging from 20% to 130% during the period. CMR Green Technologies was a newly added stock to the portfolio during the June 2026 quarter
BSE volumes ease after sharp rebound; CAS remains in focus: Nuvama
For FY27 to date, BSE
A gym member who paid Rs 15,500 expecting nationwide access to training was denied entry at a franchise branch in another city after relocating, with the parent company and franchise blaming each other over a failed transfer. The Ernakulam consumer commission ruled in his favour, ordering both to jointly pay him Rs 19,400
Joint AAP-GFP hoardings fuel alliance buzz ahead of Arvind Kejriwal's Goa visit
Displaying the slogan, Don't let them cheat you the third time, the hoardings bearing the symbols of both parties signal an imminent pre-poll arrangement between Kejriwal's party and the Vijai Sardesai-led fold for the 2027 state elections.
Miraggio's A/W '26 Collection Marks the Beginning of a New Era for the Brand
New Delhi [India], September 12: Miraggio, one of India's fastest-growing accessories brands, unveils its A/W '26 collection, marking a defining moment in the brand's evolution. More than a seasonal launch, the collection marks a new chapter for Miraggio, introducing a stronger design language through distinctive silhouettes, signature hardwares and a refined colour palette.
Xflow partners with HSBC to help global businesses collect payments from Indian customers through UPI, cards and net banking without setting up a local entity.
Smart Garage Launches Green Initiative to Build a Sustainable and EV-Ready Automotive Aftermarket
New Delhi [India], September 12: As India accelerates its transition towards electric mobility, the automotive aftermarket is entering a new phase of transformation. Along with EV servicing and diagnostics, the industry will increasingly need responsible practices around scrap management, component reuse, resource efficiency, sustainable workshop operations and accessible EV charging infrastructure.
Vijaya Diagnostic Centre acquired Arya Wellness Centre in Guwahati
For a consideration of Rs 46 cr
Accuracy Shipping receives LoI for proposed Container Freight Station at Kandla, Gujarat
Accuracy Shipping today announced that A.R.S. Terminals (India), a subsidiary in which Accuracy Shipping holds a 99.80% stake, has received a Letter of Intent (LoI) dated 10 September 2026, from the Central Board of Indirect Taxes and Customs (CBIC) for setting up a Container Freight Station (CFS) at Kandla, Gujarat.
Valuation question! Why did NSE cut its IPO size and price below unlisted market levels?
NSE MD and CEO Ashish Chauhan said the exchange had invited shareholders to tender shares before filing the draft red herring prospectus. He said bankers advised the exchange on pricing, while the IPO size was based on the shares tendered by shareholders on the day of the updated draft red herring prospectus.
Rodic earmarks 35 crore for potential startup investments through InfraAI challenge
First dedicated AI-startup programme from the infrastructure consultancy offers 30 lakh in prizes and could take selected solutions to live projects
Indiabulls to acquire 70% stake in Fintech Cloud for Rs 1050 cr
Welspun Corp announces incorporation of step-down subsidiary - Welspun Special Coating
Welspun Corp has received a communication from its wholly-owned subsidiary viz. Welspun DI Pipes (WDI) that the Board of Directors of WDI at its meeting held on 11 September 2026 has considered and approved incorporation of a wholly owned subsidiary in the name of 'Welspun Special Coating'.
Reserve Bank of India's Governor Sanjay Malhotra said on Friday that the Monetary Policy Committee (MPC) will reassess growth and inflation dynamics at its meeting next month.
Jefferies picks 5 financial stocks with upside of up to 25%. How many do you have?
With a stock price target price of Rs 1,250, the brokerage forecasts an upside of 17%. The lender will transition from a small-finance bank to a Universal bank that can lower funding cost, lift fees and strengthen brand to aid growth. Over FY26-29, strong deposit growth will aid credit growth of 22% CAGR and 29% in PPP (ex-treasury), highest in its coverage.
Jinkushal Industries incorporates wholly owned subsidiary in Hong Kong
New entity, HEXCO GLOBAL HK, to support the group's heavy equipment and machinery business in East Asia
Cochin Shipyard-Drydocks World JV bets on global fleets for Indias ship repair push
Jose VJ, Chairman and Managing Director, Cochin Shipyard Ltd, said the joint venture marks a defining moment in India's journey to become a global ship repair hub.
NSE IPO: Market dominance vs regulatory risks; what investors should know from the RHP
In its red herring prospectus (RHP), NSE has highlighted its market leadership, scale, profitability, technology infrastructure and cash generation as key strengths. The exchange, however, has also flagged several risks, including dependence on trading volumes, regulatory changes and increased scrutiny.
Rs 24,600 crore IPO dhamaka: NSE, Hero Motors to lead 11 public offers next week
NSE will be the biggest issue of the week, with an IPO size of Rs 22,562 crore. Hero Motors will follow with a Rs 1,000 crore issue. The two IPOs will dominate investor attention, while the remaining mainboard and SME issues will compete for retail and HNI money during the same period.
Harish Rawat steps down from Congress posts after cash, gold recovered from his PA
Rawat, a former CM, was a member of the Uttarakhand Pradesh Congress Committee executive and a permanent invitee to the Congress Working Committee at the national level.
Anthropic in talks to bring Nvidia as anchor investor in potential $100 billion IPO: Report
Anthropic is in talks to bring Nvidia in as an anchor investor for a potential $100 billion IPO, which could value the AI startup at around $2 trillion. Nvidia is considering investing up to $10 billion.
Means war with Russia: Putin warns Europe against sending troops to Ukraine
Russian President Vladimir Putin warned European nations against sending troops to Ukraine. He clarified that Russia does not threaten European countries and has no conflict grounds. Sending troops to Ukraine would mean a direct war with Russia, Putin stated. Prime Minister Narendra Modi met Putin in New Delhi to discuss trade and cooperation. The leaders met ahead of the 18th BRICS Summit in India.
Lalbaugcha Raja 2026 first look unveiled in Mumbai ahead of Ganesh Chaturthi on September 14
Odisha secures Rs 2.43 lakh crore investment proposals during UAE outreach
Odisha secured investment proposals exceeding Rs 2.43 lakh crore from the UAE. The outreach program yielded twenty-four MoUs and investment intents from various sectors. These proposed projects are expected to create over 6.18 lakh jobs in Odisha. Major companies signed MoUs for LNG storage, green energy, and housing projects. The initiative concluded with an investors' meet and engagement with the Odia diaspora.
US Ambassador Sergio Gor in Manipur, visits Loktak Lake in Bishnupur district; enjoys boat ride
Xi-Modi meeting: China says it will properly handle differences with India
China and India are arranging a bilateral meeting between their leaders. This proposed meeting marks the third consecutive year of engagement. Beijing seeks to build on strategic guidance and enhance cooperation. The engagement follows a period of tensions after the Galwan Valley clash. Both nations aim to consolidate recent improvements in their bilateral ties.
BRICS Traffic Diversions: Delhi traffic police has imposed restrictions and diversions on September 12 due to the BRICS Summit, affecting key roads and routes to the airport and major railway stations. Passengers travelling by flight or train should leave early, check diversions and verify train running status before starting their journey.
Russian President Vladimir Putin blamed Western systemic mistakes for current European challenges. The far-right Alternative for Germany party surged to first place in Saxony-Anhalt elections. This historic win marks the first time a far-right party topped a state election since World War II. Former Chancellor Angela Merkel acknowledged some past decisions fueled support for the AfD. Mainstream parties maintain a refusal to cooperate with the AfD, known as the 'firewall'.
From frozen borders to a fragile thaw: The India-China story since Galwan
Prime Minister Modi and President Xi Jinping will meet amid improved India-China relations. A deadly 2020 border clash led to increased scrutiny and bans on Chinese apps. Disengagement pacts were reached, pulling back troops from several confrontation points. Trade and business ties have since improved significantly between the two nations. However, substantial military deployments and territorial disputes continue to remain.
Global funds sour on India stocks as some cut allocation to zero
Global investors are reducing Indian equity exposure due to a lack of AI investment themes. Foreign portfolio ownership has fallen to a seventeen-year low as funds exit the market. India now ranks as the least-favored market in Asia according to a recent survey. Local institutions are providing support, but foreign capital remains a concern. Investors seek more durable foreign direct investments to fuel manufacturing ambitions.
US Open: Alexander Zverev survives Karen Khachanov in two tie-breaks to reach men's singles final
Zverev, who spent almost three hours on court in Friday's semifinal, recovered from deficits in both tie-breaks to defeat the World No. 50 and book his place in his sixth major final.
Indian equities end lower for fifth week amid oil, US yields concerns
Indian equities experienced a decline on Friday, mirroring Asian markets' downward trend. Both Nifty and Sensex indices closed lower for a fifth consecutive week. Rising crude oil prices and US bond yields kept investors on edge throughout the trading session. Broader market indices also saw a dip, reflecting the overall market sentiment. Despite some recovery, the market's fear gauge, VIX, increased significantly.
NSE IPO set to open for public on September 17; price band at 1,700-1,785
The National Stock Exchange of India's IPO opens September 17, closing September 21. Its price band is set between
Oracle adds $700 million to job-cut costs, taking restructuring bill to $2.8 billion amid AI push
Oracle raised its estimated 2026 restructuring costs by $700 million to $2.8 billion, largely for severance, as the company faces cash pressure from its costly AI data centre buildout. The company has already accrued $2.1 billion under the plan.
GIFT City eyes bigger slice of aircraft leasing business
India has a large aircraft-leasing opportunity, but much of the financing and leasing sits offshore. GIFT City wants to capture that value, says CEO Sanjay Kaul
Pointing to India's crucial role in the expanding global network, the US Embassy highlighted that New Delhi's booming digital economy, surging demand for cloud and AI capabilities, and strategic geographical location linking major global markets present significant opportunities for the country to establish itself as a primary global subsea cable hub.
J&J orthopedics unit draws Apollo interest in potential $20 billion deal: Report
Apollo Global Management is in discussions to acquire Johnson & Johnson's orthopedics division, which could be worth around twenty billion dollars. In addition to this, Johnson & Johnson is contemplating the option of spinning off this unit into a separate public entity. This strategy aligns with the company's aim to concentrate on more lucrative healthcare areas, reflecting the growing private equity interest in the healthcare industry.
Trump says he would be OK with China building cars in US
President Donald Trump has expressed his willingness to permit Chinese automakers to set up production plants in the United States, provided they hire American workers. He clarified that he opposes the idea of these companies manufacturing vehicles in Mexico. With Japan already having established manufacturing operations in the US and employing local labor, Trump's statement comes amid considerable pushback from US lawmakers and domestic car manufacturers.
Smaller firms eye a larger slice in ongoing auditor churn
Smaller audit firms are taking on Indias Big Six with sharp pricing, stable teams and tech skills to win larger clients. With more than 600 companies changing auditors by fiscal year 2029, the coming churn could give these firms their biggest shot yet at breaking into the big league.
Dr Reddys Mexico API facility gets two observations from USFDA
The assessment covered manufacturing records and documentation, with the company saying it will respond to the regulator within the stipulated timeline.
Jubilant Pharmovas Spokane facility receives VAI classification from US FDA
The classification follows a June inspection, with the regulator indicating that the identified conditions do not warrant administrative or regulatory action.
A green flag, a red flag and an exit: the 43-day board tussle at Coforge
Veteran banker Bhatt was set for five more years as Coforge chairman. Then, over 43 days, came an audit flag, a low board rating, opposition from the largest shareholder and a 3 am resignation. A look at what unfolded behind the boardroom doors
Shapoor Mistry eyes 25,000 cr in two years for part of SP's Tata stake
Shapoor Mistry seeks 25,000 crore from Tata Sons for SP Group's stake. This proposal aims to raise cash while preserving Tata Sons' private status. Discussions are ongoing regarding transaction structure and valuation for a potential buyback. SP Group faces pressure from lenders and needs to monetize its holding. Monetization amount will depend on valuations and immediate funding needs.
Quote of the day by Florence Nightingale: Live your life while you have it. Life is a splendid gift. There is nothing small in it. Her words centre on using life with intention and finding value in even its ordinary moments. The idea speaks to how we handle uncertainty, setbacks, relationships and the choices that quietly shape our days.
High school student Alex Patrone found a meaningful project during quarantine after receiving a 3D printer for his birthday. After making household items, toys, puzzles, containers, stands, and other products for his family, he decided to combine his interest in 3D printing with his desire to help people who were less fortunate. Through his project, Will Print for Food, Patrone offers 3D-printing services to the public and directs 100% of the profit, after materials and shipping costs, to charity. The selected organizations are Grassroots Crisis Intervention Center and Feeding America, with donations split evenly between the two organizations.
Reese Witherspoons former Libbey Ranch in Ojai was a seven-acre property combining historic architecture with extensive grounds and multiple amenities. Designed by architect Wallace Neff, the property was originally built in 1923 as stables for Edward Libbey. The ranch featured a two-story main house, guest cottages, a carriage house, swimming pool, barn, stables, pastureland and mature oaks. Witherspoons acting career and other real estate holdings were also noted.
Gulf states weigh rare meeting with Iran next week on Hormuz
Gulf states are considering a meeting with Iranian officials next week. Oman aims to convene foreign ministers to discuss the Strait of Hormuz. Escalating hostilities in Yemen may complicate these sensitive diplomatic plans. Iran stated plans are underway for discussions with Gulf neighbors. The Bab el-Mandeb chokepoint has become particularly sensitive for oil markets.
Quote of the Day by Melanie Perkins It's important to tell the story, because if your audience doesn't understand the problem, they won't understand the solutionhighlights a powerful lesson about communication, storytelling and business success. The Canva CEO explains why understanding the problem is essential before presenting a solution, offering an important takeaway for entrepreneurs, leaders, professionals and anyone trying to communicate ideas effectively.
New Delhi [India], September 11: Kyptec Automation is strengthening its specialist industrial imaging portfolio with a focused range of 4K and 8K Line Scan Camera Lenses developed for high speed machine vision, continuous inspection systems, OEM equipment platforms, and industrial imaging integration. The current Kyptec Automation Line Scan Camera Lens portfolio includes three dedicated focal lengths of 25 MM, 35 MM, and 50 MM, with published support for 4K cameras using 7 micrometre pixels and 8K cameras using 3.5 micrometre pixels. By creating one focused optical family across multiple focal lengths and two major line scan resolution classes, Kyptec Automation is building deeper authority around continuous imaging, wide field inspection, optical resolution, working distance, and full field image consistency.
Stellantis Signs Memo with Roshel for Possible Sale of Idle Plant
Stellantis NV has signed a memorandum with a Canadian armored vehicle manufacturer that outlines steps toward the sale of an idled car factory near Toronto a move that represents yet another ripple effect of US tariffs on the Canadian auto sector.
Mumbai (Maharashtra) [India], September 11: PayU, India's leading diversified fintech platform, unveiled its AI-powered Fraud Liability Protect (FLP) solution for Indian merchants accepting international card payments at the Global Fintech Fest 2026. PayU's FLP solution offers risk and liability protection against modern-day AI scams and eligible fraud chargebacks for cross-border card payments through AI and risk-based decisioning, enabling safer and higher payments conversions for merchants.
Coforge NRC chair resigns citing differences, tension between directors
In another major boardroom fallout at Coforge, its non-executive independent director and Nomination and Remuneration Committee Chairperson D K Singh has resigned, alleging differences and tension between independent and executive directors. The IT services firm, however, refuted Singh's claims as unfounded and an afterthought, saying his resignation followed an internal audit review that flagged governance lapses in how he and former Chairman O P Bhatt handled a board evaluation exercise. The development comes just days after Bhatt abruptly stepped down as Chairman of Coforge following the internal audit's findings that he and Singh withheld crucial board evaluation reports, including the lowest rating assigned to theChairman's category, from other board members. The former State Bank of India chairman had also failed to secure the required 75 per cent special resolution threshold at the company's Annual General Meeting on August 24 for his reappointment as independent ...
After chairman Bhatt, Coforge NRC chief Singh quits, cites differences in board
The countrys seventh-largest technology services firm announced Singh's resignation on Friday evening.
Demat 2.0 can allow investors to receive tokenised bonds instantly against payments made through the central bank digital currency (CBDC), significantly reducing the time gap in securities settlement, NSDL Managing Director Vijay Chandok said, while noting that wider trading will depend on regulatory approval and market readiness.
SBI to complete software, hardware deployment for DPDP compliance by Dec
State Bank of India (SBI) has procured software and hardware as part of its preparations for compliance with the Digital Personal Data Protection (DPDP) framework, with installation and deployment expected to be completed by December, a senior bank official said on Friday. Procurement of software is done and the deployment will be completed by December for DPDP compliance. Some hardware and software have been procured, and the installation will be done by December, the official said on condition of anonymity. As one of the country's largest banks, SBI processes large volumes of customer and financial data across its banking operations, making data security and privacy an important part of its technology and compliance architecture. The procurement and installation of the technology infrastructure aim to strengthen the bank's systems as it prepares to implement the new data protection regime. The move comes as banks and other organisations that process personal data are preparing
Colgate-Palmolive explores sale of three personal care brands in $1 bn plus deal: Report
Colgate-Palmolive is exploring the sale of mass-market personal care brands like Softsoap and Irish Spring to focus on its core portfolio. The potential sales could exceed $1 billion, with Goldman Sachs assisting in the process, as companies adapt to economic pressures.
SBI developing solution to use UPI data for checking creditworthiness of small biz
State Bank of India is developing a UPI data solution for small businesses. This initiative aims to assess creditworthiness without requiring GST registration for these entities. The bank expects to provide digital loans within a single day for eligible borrowers. This new approach will help bring more businesses into the formal finance sector. UPI transactions will serve as a proxy for sales data in loan assessments.
Indias green hydrogen hubs could spread beyond the coast, says report
WRI India has identified inland sites in Jharkhand, Rajasthan and Punjab where clean power, water, pipelines and industrial demand could support production.
Granules India promoter Krishna Prasad Chigurupati sold 1.72 crore shares worth about Rs 1,500 crore through block and open-market deals. The sale funds the second tranche of a preferential issue, while promoter holding falls to 31.08% following the transaction today.
Sarvam introduces core intelligence factory for third biggest shift in Indias BFSI
Stating that AI is the third biggest shift for the BFSI sector, Head of Applied AI at Sarvam Vedant Trivedi said the country is still in its first year when it comes to the AI revolution
Drydocks World and Cochin Shipyard form JV to strengthen Indias ship repair industry
The joint venture will expand the International Ship Repair Facility to service more vessels and strengthen Kochis position as a maritime services hub
Bank of India mobilises $2.33 billion via FCNR(B), enough to meet one-quarter lending needs: CEO
Bank of India secured USD 2.33 billion through FCNR(B) deposits, replacing bulk funding sources. This mobilization will meet approximately three months of the bank's lending requirements. The Reserve Bank of India announced this special deposit scheme to strengthen liquidity positions. Banks are diversifying their deposit bases amid increasing credit demand from customers. The bank will maintain its 15-17 percent credit growth target for the year.
'Not just marriage with brother, more illegal stuff': Mullin drops bombshell on Ilhan Omar probe
Henry Xie, a 17-year-old Portland student developed a way to transfer empathy from large AI models to smaller models for his Regeneron Science Talent Search computer science project. His Science project could help make more caring, human-centered AI available on smartphones and everyday devices without requiring the massive computing power of large models.
Bank deposits grow 17.8% in August, fastest in decade as FCNR-B inflows mask local mobilisation woes
Bank deposits grew 17.8% year-on-year at the end of August, the fastest pace in a decade, driven largely by a surge in FCNR-B deposits after the RBI opened a special window for dollar inflows. Credit growth eased slightly to 19.1%, while banks continued to face challenges in mobilising domestic savings.
Nagaland Chief Minister and Deputy Chief Minister met Union Home Minister Amit Shah. They discussed state development priorities and the welfare of the people. The Nagaland Assembly also urged the Centre to withdraw the Protected Area Permit regime. This permit restricts foreign national entry into designated areas of the state. Withdrawal is sought for tourism and economic engagement opportunities.
Pakistan captain Babar Azam reached significant captaincy milestones during the Edgbaston Test. He surpassed 2,000 Test runs as captain and 7,000 international runs. England posted a substantial first-innings total after bowling Pakistan out cheaply. Pakistan responded better in their second innings, aiming to reduce the deficit. The match saw notable batting performances from both sides.
IndusInd Bank slapped with 1 cr penalty by IRDAI for corporate agent norms violation
The action follows an onsite inspection conducted during June 2023 and subsequent enforcement proceedings.
Dollar deluge prompts 1 trillion OMO; enough liquidity tools, says RBI governor
System liquidity crossing 11 trillion earlier this month has already prompted the central bank to withdraw surplus liquidity of over 8 trillion through multiple VRRR auctions.
IRDAI imposes 1 cr penalty on Canara HSBC Life for mis-selling policy to 88-year-old
Initiating proceedings, suo motu, on a social media post, IRDAI observed that the product specified an entry age of 30 to 80 years.
States should not cap road-tax benefits for EVs based on price: BMW India
BMW India chief Hardeep Singh Brar says price-based caps on EV road-tax benefits could push luxury-car buyers to neighbouring states and weaken the clean-vehicle transition
NSEL settlement scheme: Sebi settles proceedings against 91 commodity brokers
Sebi has concluded its proceedings against ninety-one commodity brokers linked to the NSEL issue, allowing these firms to participate in a settlement scheme. Many brokers consented to temporary limitations on proprietary trading and onboarding new clients, with some remitting settlement fees of up to thirty-six lakh rupees. This move aligns with the directive from the Securities Appellate Tribunal regarding an orderly settlement process.
NSE's IPO to be second biggest till now as offer size cut, price band lowered
India's premier stock exchange, NSE, has finally revealed the long-anticipated details of its initial public offering. Existing investors will sell fewer shares at a revised price band, aiming to raise between Rs 21,494 crore and Rs 22,569 crore. The public can subscribe from September 17 to September 21, with the official listing set for September 24, marking a pivotal advancement for NSE.
SME IPO: Vama Wovenfab issue to open on Sep 15; sets price band at Rs 324-341/ share
Vama Wovenfab is set to launch its initial public offering on September 15, offering shares priced between Rs 324 and Rs 341. The company aims to raise Rs 49.5 crore, which will support various operational needs including working capital, machinery acquisitions, and the construction of a new shed. The equity shares will also be listed on the BSE SME platform.
BMW India to hike prices again due to rupee depreciation, commodity costs
BMW Group India will soon hike prices of vehicles across its portfolio, the fourth increase during this calendar year, as high commodity costs and rupee depreciation continue to pressure margins, the German luxury car maker's President and CEO Hardeep Singh Brar said on Friday. The auto maker has cumulatively hiked prices by up to 5 per cent for the BMW and MINI vehicle portfolios spread across three price revisions in 2026 till now in India. Speaking to reporters, the BMW Group India President and CEO said, The forex has hit us quite a bit. We have increased prices by 4-5 per cent till now and there's another one around the corner. So the prices will continue to go up for us because of the pressure of forex, of commodities, etc. We have already done three (price) increases this year and there's another one around the corner. We are considering it (the next price hike) may be, next month. Since last year January it (forex) has deteriorated about 18 pc. He was speaking after the
Distribution expansion, new products to drive HDFC AMC's growth prospects
HDFC AMC is betting on wider distribution, new products and alternative investments to drive AUM growth, even as higher costs and margin pressure weigh on performance
Silver Touch Technologies secures comprehensive IT services contract from Gujarat Urja Vikas Nigam
This engagement covers the computer servers, storage Systems, SAN-Switches, Tape Library and backup architecture with Silver Touch committed to ensuring application uptime services at a 99% SLA that empower GUVNL's e-Urja platform, the ERP backbone connecting the state's electricity generation, transmission and distribution utilities and serving over a crore consumer.
Raymond's aerospace arm wins order from leading Indian aerospace and defence major
With annual business potential of Rs 33 cr
BMW India to hike prices again on pressures from rupee depreciation, high commodity costs: CEO
The prices will continue to go up for us because of the pressure of forex, of commodities, etc and so on
