25 C 
Amazon Cargo Plane Overshoots Runway at Miami Airport
An Amazon.com Inc. cargo plane overran a runway at Miami International Airport on Sunday, shutting down the airports runways and taxiways and prompting an emergency response.
AIFs seek status quo as 'foreign control' rules go for a recast
Local alternative investment funds have warned regulators about proposed changes. These changes could significantly impact capital inflows into India's economy. The draft rules aim to curb indirect foreign ownership in sensitive sectors. Industry officials requested the status quo on existing regulatory definitions. This move seeks to maintain India's attractiveness for foreign investment.
Haier India revenue crosses $1 billion despite sluggish market
Haier India has achieved over one billion dollars in revenue, marking significant growth. The company's sales reached 9,974 crore in fiscal year 2025, a 21% increase. Net profit also rose by 8% to 517 crore, demonstrating strong financial performance. Haier India is now the third-largest home appliance maker, surpassing competitors. The company is focused on expansion and strengthening its market position.
Social Impact Summit: How technology can bridge India's education divide
In bridging India's educational divide, technology plays a crucial role rather than exacerbating it. Adaptive learning platforms customize experiences, allowing students to progress at their unique pace. Initiatives like Cyient's in government schools have significantly boosted girls' enrollment and minimized dropout rates. Malabar Gold's micro-learning centers target children in urban slums, while Educate Girls champions open schooling to reintegrate adolescent girls into education.
Social Impact Summit: How customised AI can drive grassroots change
In a groundbreaking effort to bridge the digital divide, various organizations are leveraging technology and AI to empower marginalized communities. The Reliance Foundation translates weather alerts into accessible local languages, while the Maker Bhavan Foundation fosters innovation in smaller cities through AI-supported training. Schneider Electric India champions the necessity of hands-on skills amid AI progress, and NASSCOM Foundation promotes the idea that AI should complement human roles, not replace them.
Social Impact Summit: India shifts focus to disaster resilience and mitigation
India is evolving from merely responding to disasters to focusing on mitigation and building resilience. This transformation emphasizes reducing adverse effects through strategic planning and enhancing community coping mechanisms. The Reliance Foundation spearheads numerous community-driven initiatives across multiple states, employing technology, including AI-driven risk management, to facilitate this essential shift. These innovations empower communities with the knowledge needed to safeguard their futures and adapt to changing environments.
Social Impact Summit 2026: Recycled gold powers circular economy
The significance of gold in India's circular economy is on the rise, with various stakeholders prioritizing transparency and trust in gold sourcing. Malabar Gold & Diamonds caters to a remarkable eighty percent of its demand through recycled gold. Meanwhile, younger consumers are increasingly seeking knowledge about gold's ethical origins. Furthermore, the financialization through gold ETFs and loans bolsters support for households and ventures alike.
Chalet Hotels Ltd aims to reach 5,500 hotel keys by FY30, transitioning from a pure asset-ownership model to include third-party and franchise operations while focusing on the Athiva brand and maintaining its hospitality-first approach.
German exit polls suggest far-right party has big lead in regional election
Recent exit polls indicate that the Alternative for Germany (AfD) party is poised to take the lead in the Saxony-Anhalt regional election. This could pave the way for the first far-right state government since WWII. The AfD aims for an absolute majority to govern alone, as Chancellor Friedrich Merz's party, currently in power, is showing significant lagging in the votes.
Satya Niketan collapse: FIR will be registered shortly, says Delhi police; death toll reaches 4
The Satya Niketan building collapse has claimed four lives, according to Delhi police officials. An FIR will be registered shortly, and simultaneous raids are underway to apprehend those responsible. Prime Minister Narendra Modi expressed his grief over the distressing loss of life in the incident. Delhi Chief Minister Rekha Gupta met with rescued individuals receiving medical treatment at AIIMS.
Stop Nick Shirley Act: Investigative journalist sues Newsoms California over free speech rights
Quote of the Day by Monica Bellucci: Monica Belluccis quote, The most important thing with children is to give them your time. Actually, that's all that matters, explores the importance of parental presence, attention, love, and emotional connection. The quote suggests that children value meaningful time and genuine attention more than material possessions or grand gestures. It highlights how spending time together can strengthen family bonds, build trust, create lasting memories, and help children feel loved, supported, and emotionally secure.
Give me a f**king break: Internet erupts as Mamdani hands symbolic 9/11 pen to ex-Al-Qaeda lawyer
Baking soda and white vinegar hack to restore a blackened wok covered in stubborn burnt stains
Tired of grimy cookware? You can easily restore it using kitchen staples! A mix of baking soda and warm water works wonders on burnt stains, while adding dishwashing liquid enhances its power against greasy residue. For stubborn spots, a fizzy concoction of white vinegar and baking soda can help, and don't forget about lemon juice for grease busting and odor removal.
Ashishkumar Chauhan, NSE MD and CEO, has denied reports linking him to the Tata Sons chairman position. He stated he remains fully committed to his current responsibilities at the exchange. NSE also clarified that these media reports are speculative and factually incorrect. Chauhan's denial comes after a report suggested he was a dark horse candidate. The exchange emphasized his dedication to the ongoing IPO and listing process.
NSE denies report linking CEO to Tata Sons chairman race
In a statement on Sunday, NSE said that reports mentioning Ashishkumar Chauhan as a candidate are speculative and factually incorrect.
TRL Krosaki, Raghav Productivity to set up silica ramming mass JV in Odisha
Joint venture will combine TRL Krosaki's quartzite mineral resources with RPEL's manufacturing expertise, proprietary technology and domestic and global network
Indias drone startups have money to build, not enough to scale
Tracxn data show late-stage funding fell to zero in 2025 even as total inflows hit $198 million
NSE has denied reports that its MD and CEO Ashishkumar Chauhan is being considered for the Tata Sons chairman post. Chauhan called the reports entirely baseless and said he remains focused on NSEs planned IPO and his responsibilities at the exchange.
Indian GCCs turn to fractional hiring for senior leadership amid hiring slowdown
GCCs are taking stock of their workforce, particularly keen to consolidate the C-suite leadership in terms of roles and skillsets
Rentomojo targets growth as rental assets generate repeat revenue
FY2017 cohort generated 5.12 times asset cost; occupancy at 83-84% as company lists on September 9
HEG Advanced Materials demerger to add 4,000 crore market capitalisation
Under the restructuring scheme, the existing listed entity, HEG Advanced Materials, will retain its growth businesses
Nepali woman found alive days after family began mourning rites
Rescuers found Chandika Kumari Shrestha alive after ten days in Nepal's devastating floods. She survived in a narrow pocket of air inside her collapsed four-storey home. Hundreds remain missing and unaccounted for following the catastrophic glacial collapse. Rescue efforts continue to find survivors trapped under debris and in tunnels. Many bodies have been recovered and mass burials are taking place.
Winning here gives us confidence: Satwik-Chirag eye Asian Games glory after China Masters win
Satwiksairaj Rankireddy and Chirag Shetty secured their maiden China Masters badminton title. They defeated China's He Ji Ting and Ren Xiang Yu in a comeback victory. This triumph provides a significant confidence boost ahead of the Asian Games. The Indian pair will continue their rigorous training before the upcoming event. They aim to perform strongly as defending champions at the Asian Games.
Ancient DNA studies have rewritten the family tree of the American cheetah, Miracinonyx trumani. Genetic evidence shows this extinct cat was closely related to modern pumas. Fossil analysis suggests a surprisingly varied diet, including aquatic prey. This indicates a remarkable adaptability to different environments across North America. The findings challenge the long-held perception of this predator as a specialized speed hunter.
Solar installation is another defining part of the project's sustainability strategy. WorldGBC reports a 640-kilowatt photovoltaic array installed in shade canopies over the adjacent parking lot.
Gurugram traffic police issue 6,231 challans worth 1.24 cr in August
Gurugram Traffic Police issued 6,231 fines for overspeeding during August. These violations resulted in penalties totaling approximately Rs 1.24 crore. The enforcement drive targeted major roads including the Mumbai Expressway and Golf Course Road. Police aim to enhance road safety and reduce accidents through regular checks. Such strict enforcement measures will continue to ensure adherence to traffic rules.
NCR's gourmet grocer Modern Bazaar halves store count amid q-comm push, internal woes
Modern Bazaar, a gourmet grocery retailer in Delhi-NCR, is downsizing its store network due to the rise of quick commerce, and deepening financial and management trouble. While restructuring for profitability, the chain aims to adapt to changing consumer preferences without exiting physical retail.
APPCB snaps 21 crore penalty on Andhra Paper
Fine follows Pawan Kalyans inspection of Turpulanka Sand Shoals and companys failure to fix environmental lapses
RPG Life Sciences bets on China-plus 1, goes on an API buying spree
The Harsh Goenka group is spending to build a drug-ingredients business, betting that the world's push to rely less on China will favour Indian makers.
Hiring decisions speed up, but long notice periods keep talent waiting
Careernet data shows time-to-offer down to 46 days, but nearly a third of hires still take 60 days or more to join
All aboard: A peek at the new compact driving Indias intercity e-bus operations
Manufacturers, operators, lenders and charging solution providers are forming relationships that are making these long-distance services viable.
Market Trading Guide: Emcure Pharma among 2 stock recommendations for Monday
MCX electricity futures clock record Rs 245 crore turnover as OI touches all-time high
MCX electricity futures celebrated a milestone on September 4, reaching a historic turnover of Rs 245 crore. The contract not only recorded its highest volume and open interest but also demonstrated notable growth in average daily volume this fiscal year. This surge reflects a robust market interest and expanded initiatives for managing price risks, as evidenced by consistent trading activity across all expiry months.
The first penthouse, a five-bedroom duplex spanning 3,944 square feet across the sixth and seventh floors, is being offered for under 12 million, around 153.17 crore.
UK business minister to meet Jaguar Land Rover CEO over job cuts
JAGUAR LAND ROVER-REDUNDANCIES/ (PIX):UK business minister to meet Jaguar Land Rover CEO over job cuts
16 IPOs on investors' radar next week. GMPs signal up to 38% returns
A total of 16 IPOs across mainboard and SME segments are scheduled to launch next week, including Rentomojo and Kanohar Electricals. Grey market premium trends signal positive investor sentiment, with listing gains expected up to 38% led by Rentomojo's high subscription interest.
BS7 opens up close to 10,000-crore annual opportunity for auto-component makers
Advanced emission-control components, from higher-value exhaust systems to sensors and electronic controls, stand to gain as India prepares to tighten vehicle-emission standards
DP Abhushan eyes 51 stores in Tier 2-3 cities, 15,000 cr revenue by FY30
Jewellery retailer DP Abhushan is targeting Rs 15,000 crore in revenue by 2029-30, and plans to increase its store count to 51, particularly across tier-II and III cities, a top company executive said. Currently, we have 12 stores in Madhya Pradesh and Rajasthan. But now, we are expanding to Gujarat, Chhattisgarh and Maharashtra. We have set a target of 51 stores by 2029-30, mainly in central, north and west India. For this phase of expansion, we are adopting a franchise model, as well as company-owned, DP Abhushan Promoter Vikas Kataria told PTI. He said the company achieved Rs 4,065.13 crore revenue in FY26, and with this expansion, it is eyeing Rs 15,000 crore topline by FY30. DP Abhushan is targeting to be present in 7-8 states, he added. The company is entering Chhattisgarh with a store in Raipur. In Maharashtra, it is exploring Nagpur and Nasik, and Dahod and Baroda in Gujarat, he said. Meanwhile, in Madhya Pradesh and Rajasthan, Kataria said, the company is continuing t
One month of CAS: How 4 expiry days turned into a 6,000-point Sensex scare for investors
Sebi's latest initiative, the Closing Auction Session, has introduced complexities for Sensex options traders, especially on expiry days. Sharp movements seen during the auction period have caused significant agitation among traders. The newly discovered closing price from this session now governs derivative contracts, intertwining cash market volatility with options values.
Nepals request for flood payout tests new climate-aid system
Nepal seeks climate compensation for flood damages from a new UN fund. The nation faces immense costs for recovery and rebuilding after recent catastrophic flooding. This fund, established to aid developing nations, is currently underfunded and untested. Nepal's leaders are urging concrete action from the international community for immediate support. The fund's limited resources and scheduled meetings pose significant challenges for rapid assistance.
In 1997, retired A-7 Corsair aircraft were deliberately sunk off the Florida coast, serving a dual purpose as artificial reefs. This innovative move provided an essential habitat for various marine species, creating a thriving ecosystem in areas lacking natural reefs. For years, these submerged planes fulfilled their mission effectively, showcasing an exemplary model of recycling military assets into valuable environmental infrastructure.
Psychotherapist Francis Weller emphasizes the importance of holding both grief and gratitude as one navigates life's emotional landscape. He argues that mature individuals who balance these feelings develop deeper compassion and understanding for the suffering of others. Solely embracing grief can lead to a sense of despair, while exclusive gratitude risks disconnecting us from the shared human experience.
VinFast gears up for India E2W foray, begins hunt for dealers
VinFast invited applications for exclusive VinFast E-Motorcycle dealership opportunities across the country, signalling that its India two-wheeler launch could be drawing closer
10 midcap stocks with over 150% profit growth in Q1FY27
Data from StockEdge shows top 10 NSE midcap stocks that reported over 150% YoY net profit growth in the Q1FY27 June quarter. Glenmark Pharmaceuticals, Bharat Dynamics, and Poonawalla Fincorp led the surge with strong financial performance compared to the same period in the previous fiscal year.
NoBroker targets profitability in 8-10 months, FY26 revenue tops 1,000 cr
After achieving profitability, the company could consider the IPO.
Who gets the key when the CEO refuses to drive?
The unexpected departure of HDFC Bank's CEO highlights critical gaps in corporate succession strategies. It's imperative that boards establish adaptable crisis management plans for leadership transitions, featuring numerous successors and varied scenario responses.
Piper Serica plans to deploy 180-220 crore in 4-6 deeptech startups
Armed with a fresh investment war chest, Piper Serica expects to deploy Rs 180-220 crore across 4-6 deep-tech startups this fiscal, as it scouts opportunities in areas like space technology, semiconductors, advanced electronics, energy and life sciences, according to its Director Ajay Modi. The investment firm's new Bharat Tech Fund, a Category II AIF, targeting a corpus of Rs 600 crore, alongside a greenshoe option of Rs 200 crore, has already raised about Rs 400 crore and evaluated around 30-35 startups in the hunt for the next investment, Modi told PTI. The fund expects to make some of its first commitments over the next month or so, with investments typically ranging from Rs 25 crore to Rs 50 crore per company. We have already started the process of identifying opportunities; we have evaluated almost 30-35 startups already in the hunt for the next investment by the Bharat Tech Fund. We are close to making some advancements in our commitments in the next month or so, he ...
AI-generated ads are catching up with human-made creatives. The industry is taking note
AI is reshaping advertising, from higher-performing creatives to instant language localization and dynamic ads. But as adoption soars, brands face a tougher test: keeping AI-driven campaigns authentic, ethical and relevant.
Looking for value in penny stocks? 6 names with high PBV under Rs 10 soar up to 1,500%
Penny stocks with appealingly low price-to-book ratios have made remarkable strides, effectively doubling the wealth of cautious investors over the last year. Bhagawati Gas has distinguished itself with a notable rise in its share price. While a few companies experienced drops in revenue, others triumphantly announced profit growth. Investors must prudently evaluate corporate governance and asset quality before diving into these opportunities.
RPG Life Sciences to deploy 500 cr for manufacturing, API expansion
Company has embarked on a significant expansion phase, backed by a committed capital infusion of 700 crore.
Maruti bets on premium hatchback segment as demand outpaces industry
Maruti Suzuki's premium hatchback sales grew 28 per cent between April and August, compared with 17 per cent growth for the industry
HEG Advanced Materials lines up 5,500 cr growth push after demerger
Anode materials will corner the largest share of investment as the company targets 60,000-tonne capacity by FY32
Indian Bank to open representative office in Dubai to expand foreign ops
Indian Bank has received board approval to open a representative office in Dubai, as it seeks to expand its overseas operations, leveraging the large Indian diaspora across West Asia. Currently, the bank has a full-service international branch in Singapore and branches in Colombo and Jaffna (Sri Lanka). Besides, it has an IFSC Banking Unit (IBU) functioning as an offshore/foreign branch from GIFT City, Gandhinagar. We are getting good business from our GIFT City branch, including participation in various syndicated loans...my aim now is to open a rep office in Dubai...We have a good number of non-resident Indians settled in Dubai and about 33 per cent of the working population is Indian, Indian Bank MD and CEO Binod Kumar told PTI in an interaction. For the representative office in Dubai, the bank's board has given its approval and the bank is in the process of seeking other regulatory approvals. Besides, Kumar said, the bank is exploring the possibility of having a presence in .
From sponsorships to storytelling: how ITC Foods is going local with festivals
The festive season is an important advertising period for all consumer companies. But as regional festivals become more popular, not just in their home states but across the country, brands are trying to find ways to be present as authentically as possible.
FPIs resume selling; pull out Rs 7,443 cr from equities in first week of Sep
September witnessed a notable outflow of Rs 7,443 crore from Indian equities as foreign investors retracted their investments, a stark contrast to the previous months' inflows. Contributing factors include increasing crude oil prices and robust US bond yields affecting investor confidence. Meanwhile, India's primary market still captivates foreign funds, showing resilience in attracting capital.
Mumbai's GSB Seva Mandal gets Rs 703 crore insurance cover for Ganesh festival celebration
Mumbai's GSB Seva Mandal has secured a massive Rs 703.27 crore insurance cover for the upcoming Ganpati festival. The idol will be adorned with over 66 kilograms of gold and 335 kilograms of silver ornaments. This year marks the mandal's 72nd Ganeshotsav celebration, attracting many devotees. More than 40,000 people are expected to benefit from daily food charity services.
Khyber Group eyes 38 cr revenue from trout farming biz, to invest 60 cr
The nearly 650-crore Khyber Group, which operates in various sectors such as cement and hospitality, has invested 112 crore so far in Khyber Aquaculture
Noida versus Greater Noida yield: Noida Authority recently hiked farmer compensation by 53% for Noida project, raising rate by 2,235 for every sqm. Check highest and lowest land rates here.
Chalet Hotels targets 5,500 keys by FY30, bets on hybrid model: CEO
The expansion marks a shift in Chalet's business model, with the company now pursuing a combination of third-party operated hotels, franchise properties and hotels under its own Athiva brand
From Big Tech stalwarts like Microsoft and Alphabet to legacy conglomerates across logistics and consumer goods, check out the Indian-origin C-suite leaders heading the worlds biggest companies
Punjab faces more threats from adjoining provinces than Pakistan's neighbours: CM Maryam Nawaz
Punjab's Chief Minister Maryam Nawaz highlighted internal provincial borders as a greater security threat. She stated terrorism enters Punjab from its adjoining provinces, not neighboring nations. Opposition leaders criticized her remarks as insulting to Khyber Pakhtunkhwa province. They pointed to the sacrifices made by Khyber Pakhtunkhwa police against terrorism.
11 penny stocks plunge up to 81% in 6 months
Eleven penny stocks have declined sharply over the past six months, with losses ranging from 49% to 81%. The stocks were identified using a screen of companies with market capitalisation below Rs 1,000 crore, share prices under Rs 20 and minimum recent trading volume of 5 lakh shares, based on ACE Equity data.
Difficult time for microfinance business behind us, Q2 to see growth, says IndusInd Bank MD
IndusInd Bank expects its microfinance business to grow 15-20% in FY27, with CEO Rajiv Anand saying its difficult phase is now behind it. The lender expects growth to return from the second quarter after scaling up disbursements, while risks are also easing.
NMDC to start commercial coal production by Q3, eyes 1 MT sales in FY27
State-owned NMDC will start the commercial production of thermal coal by October-December period and looks to sell around 1 MT of the dry fuel within FY27, said Amitava Mukherjee, Chairman of India's largest iron ore mining player. Under the Ministry of Steel, Hyderabad-based NMDC alone caters to the country's 20 per cent need of iron ore -- a key raw material needed to produce steel. In an interview to PTI, Mukherjee said the company has drawn a road map up to 2030 to diversify its mining operations to support the government's vision of Viksit Bharat. Right now, we are 99.9 per cent an iron ore company. We aim to help the growing industries in the country with maximum of their mineral needs, the chairman said, adding that this year the company will begin the commercial mining of thermal coal and targets to sell a maximum of 1 MT of the commodity to potential buyers. We have reached the coal seam (of Tokisud North coal mine), and the production will start by next quarter, the .
Videotex gets Google ODM certification, eyes 800 cr revenue in 3 years
The company, which has an installed capacity to produce 2.2 million TV units annually, also plans to enter into large appliances, with the first category expected to enter mass production
GST Council meeting likely to be postponed, say sources
The 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations with states. The meeting was set to discuss several ease-of-doing-business measures, including protecting buyers ITC when suppliers fail to deposit GST, simplifying taxation of corporate guarantees, allowing ITC on certain employee-related expenses and enabling small businesses to obtain GST registrations across multiple states.
Pakistan are still the best team to win the Womens Asia Cup, according to team mentor Wahab Riaz, despite their crushing defeat against India and a record-low T20I score. Riaz urged the players to trust themselves, learn from their mistakes and bounce back in their next match against Hong Kong. With Pakistan also making strategic squad changes with future tournaments in mind, the team will be looking to revive its campaign and avoid a group-stage exit.
Popularity was never my goal; what matters is public health: FDA Commissioner Tukaram Mundhe
Maharashtra FDA Commissioner Tukaram Mundhe prioritizes public health over personal popularity. He has taken action against 12,083 establishments for various food safety violations. Hygiene, raw material quality, and manpower are common restaurant violations identified. Online food platforms are also considered food business operators and have faced action.
Rs 7,200 crore IPO rush: 16 new issues, 8 listings to keep investors occupied next week
India's bustling primary market is gearing up for an exciting week ahead, with a staggering sixteen public offerings lined up. These IPOs, collectively valued at over Rs 7,280 crore, promise to draw significant investor interest. Major players like Rentomojo and Kanohar Electricals are at the forefront. With investor confidence on the rise, this wave of new listings will certainly test the market's resilience and capacity for growth.
Difficult phase for microfinance behind us, Q2 to see growth: IndusInd MD
The difficult phase for the microfinance business is now behind us, with risks playing out favourably, and growth in the segment is expected to return from the second quarter onwards, IndusInd Bank MD and CEO Rajiv Anand has said. IndusInd Bank faced a severe governance and accounting crisis in 2025 centred around its microfinance subsidiary, Bharat Financial Inclusion Ltd (BFIL). The bank reversed Rs 674 crore of cumulative interest income recognised incorrectly across FY25. A further Rs 172 crore was disclosed as fraud, where employees falsely reported the sum as fee income in the microfinance business. We have had a fairly difficult time on our microfinance business. But it is all now behind us. Risk is playing out quite well at this point in time and Q2 onwards we should see growth come back in our microfinance businesses, Anand told PTI in an interview. The microfinance arm has a very successful business called Bharat Superstore, where it lends to kirana stores, small ...
SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty
SBI had hired 4,640 officers, 19,340 associates, and 1,653 contractual staff in 202526, taking the total number of hires to 25,633, as per the bank's annual report for FY26
Every fourth Jan Dhan account inoperative; 5.72 crore have zero balance: RTI
Nearly 5.72 crore Pradhan Mantri Jan Dhan Yojana accounts currently hold zero balances. Over 15 crore accounts under the scheme are classified as inoperative. Uttar Pradesh leads with the highest number of zero-balance and inoperative accounts. The scheme aims for universal financial inclusion across all households. More than 59 crore accounts hold over Rs 3.15 lakh crore.
Coal India has offered additional coal to power plants amid critically low stocks, with prolonged rains disrupting mining and transportation. As rainfall eases, production and coal evacuation are expected to improve.
Hyundai Motor India expects 30 pc sales to come from rural markets in 3-4 years: MD & CEO
Hyundai expects rural India to contribute around 30% of its sales within four years, up from 25.9% in Q1FY27. Rural sales grew 23% during the quarter, while six in every 10 new Hyundai outlets are being opened in rural markets.
Hyundai Motor India expects 30% sales from rural markets in 3-4 yrs: CEO
Hyundai Motor India Ltd is betting big on rural markets, which it expects to contribute around 30 per cent of its total sales in the next three to four years, according to its Managing Director & CEO Tarun Garg. The company, which has 68 per cent of its total sales coming from SUVs overall, is also witnessing SUV penetration of 69 per cent in the rural markets, he said in an interaction. Hyundai Motor India Ltd (HMIL) is also intensifying its rural focus on network expansion with six out of every ten new outlets being opened in such markets, he added. I will not be surprised if in another three to four years we can reach about 30 per cent, Garg said when asked how the company is looking at rural penetration going up, especially with its two upcoming new products -- a midsize SUV and a compact electric SUV. In the first quarter of this fiscal year, rural contribution reached 25.9 per cent, up from 22.6 per cent in Q1FY26, he added. In the April-August period of this fiscal, HMIL
SBI to hire 12,000 personnel, add 250 new branches during FY27: Chairman
State Bank of India (SBI) intends to hire about 12,000 personnel and add around 250 new branches to its network in the ongoing financial year, said C S Setty, Chairman of the country's biggest lender. In terms of recruitment, I think we would be looking at around 11,000 to 12,000 appointments across both clerical and officer cadres this year. This number may vary depending on retirements and emerging requirements, but I expect we should close the year with around 12,000 recruitments, he told PTI in an interaction. Last year, we have done fairly large recruitment because we took 1,500 specialist IT officers. This year, we do not need such a large number on the IT (information technology) side, he said. With a workforce of over 2.45 lakh employees as of March 2026, SBI is among India's largest employers. SBI had hired 4,640 officers, 19,340 associates, and 1,653 contractual staff in 202526, taking the total number of hires to 25,633, as per the bank's annual report for FY26. On
Singapore is investigating racist online commentary regarding the Nepal-Tibet disaster. Authorities are also examining Singapore Airlines' financial ties to Air India. Senior Minister K Shanmugam condemned the hateful and unacceptable online remarks. He stated that social media platforms will be directed to remove violating content. Singapore aims to safeguard its multicultural identity against rising divisive rhetoric.
HUL aims 22-24% Ebitda margin in medium term, to hike capex to 3%: CEO
Leading FMCG company Hindustan Unilever is targeting a 22-24 per cent EBITDA margin in the medium term and stepping up capital expenditure to 3 per cent of its turnover to chase growth. The FMCG major plans to increase capital expenditure (capex) to enable growth and productivity from 2 per cent, the level it maintained over the last five years, to 3 per cent, as it looks to capture the New India opportunity with consumption growth. Hindustan Unilever Ltd (HUL), part of Unilever Plc, the British multinational consumer packaged goods company, registered a revenue of Rs 63,763 crore in FY26 and has 21 brands in its portfolio, each with turnover of more than Rs 1,000 crore. It sells 85 billion packs in a year and has a wide reach of 9 million outlets. The company, which is focusing on cost management, has an EBITDA margin of 23.6 per cent for FY26, down by about 70 basis points year-on-year. HUL, which aspires to volume-led profit growth, is shaping the portfolio structurally .
Novartis India to pursue therapy-aligned acquisitions; eyes expansion in Tier 2 and Tier 3 markets
Novartis India plans acquisitions and deeper market penetration for future growth. The company will focus on five key therapy areas for expansion. Established brands will be brought under full commercial control by 2026-27. Rising chronic diseases and an aging population drive sustained therapy demand. Improved insurance and healthcare infrastructure will unlock new patient demand.
RPG Life Sciences to invest 500 cr in manufacturing, API capabilities
Drug firm RPG Life Sciences is planning to deploy Rs 500 crore over the next 12 months to strengthen its manufacturing and API capabilities through strategic acquisitions. In an interview with PTI, RPG Life Sciences Managing Director Ashok Nair said the company has embarked on a significant expansion phase, backed by a committed capital infusion of Rs 700 crore. Currently, the acquisitions we have made are to the tune of Rs 200 crore. We are evaluating opportunities that can strengthen our manufacturing footprint. We would like to deploy the Rs 500 crore balance in the next 12 months. We are actively pursuing good assets, Nair said. The company, which operates across domestic and international formulations and Active Pharmaceutical Ingredients (APIs), has set a target of reaching Rs 2,000 crore- 2,500 crore in revenue by 2030. Nair noted that the company started FY27 on a strong footing, recording 16 per cent revenue growth and 18 per cent EBITDA growth in the first quarter. The
Over 150 companies including Kalyan Jewellers, IREDA, Zee Entertainment, and NSDL are turning ex-record date for dividends between September 7 and September 11. Check out the complete day-wise breakdown of share payouts, special dividends, and corporate actions scheduled throughout the week to know if your stock holdings qualify.
Indian equities may remain volatile as rising crude prices, elevated global bond yields and renewed US rate-hike bets weigh on sentiment. However, strong FPI inflows, resilient GDP growth, better-than-expected earnings and rupee stability offer some support.
JMM senior leader, Minister Sudivya Kumar Sonu passes away
Jharkhand Mukti Morcha senior leader and state minister Sudivya Kumar Sonu died on Sunday following a sudden illness, the party said. The Giridih MLA held portfolios including Higher and Technical Education, Urban Development, Tourism, Arts and Culture, and Sports and Youth Affairs. JMM described his death as an irreparable loss.
From fragile five to 7 8% growth: PM Modi attacks opposition over pessimism on India's economy
Congo wedding fire: At least 22 killed as blaze tears through party in Kinshasa
At least 22 people were killed in a fire that broke out at a wedding party in Kinshasa, Congo, on Friday night, local officials said. The blaze continued into Saturday at a building in Lingwala, where narrow hallways hampered escape. Several others were injured, while the cause remained unconfirmed.
Luxembourg Deputy PM Bettel to visit India, to meet EAM Jaishankar during stay
Luxembourg Deputy Prime Minister and Foreign Minister Xavier Bettel will visit India from September 7 to 9, meeting External Affairs Minister S Jaishankar in New Delhi and travelling to Chennai. His itinerary includes engagements at IIT Madras, its Research Park and the inauguration of a new SES campus, the MEA said.
The National Company Law Tribunal (NCLT) put a hold on any further disposal of Byju's K3 Education's assets till the next hearing on September 21.
The expanding InvIT universe: 20 trillion asset base targeted beyond roads and telecom
India's infrastructure investment trusts plan to diversify beyond roads, tapping into power, logistics and digital sectors to reach 20 trillion in assets by 2030. This transformation signals a significant shift in infrastructure financing as more operational assets become available for investment.
US Grip on Venezuelan Oil Threatens Billions Owed to China
Venezuela is becoming a major testing ground for Donald Trumps hemispheric ambitions, and emerging as another potential source of rivalry with China.
