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Indices tumble for 4th day; IT shares drop
IT, FMCG and auto shares declined while realty, media and private bank shares advanced.
Ceigall India rises after securing LoI for Rs 5,300-cr transmission project
Ceigall India rose 1.51% to Rs 345.70 after the company received a letter of intent (LoI) from REC Power Development and Consultancy (RECPDCL) for a power transmission project with an estimated total project cost of around Rs 5,300 crore.
RBI deputy governor Murmu urges NBFCs to diversify funding resources
A deeper, more liquid corporate bond market would help strengthen funding structures, while securitization should evolve beyond its role as a liquidity tool, Murmu said
PM exhorts auto industry to chart bold pathway towards Viksit Bharat by 2047
The rapid expansion of highways and other infrastructure is facilitating the movement of people and goods, while creating new opportunities for the automobile industry, the Prime MInister said
Arcil IPO to open September 9 at 132139 price band
The company has fixed the price band at 132 to 139 per equity share, with a face value of 10 each
PayPal says 220 India employees affected in latest restructuring
Company disputes reports of larger job cuts; declines to provide details on impact on contract workforce
Uber's new 'Parcel Mini 3W' service in Bengaluru faces criticism for using passenger autos for goods delivery, which is illegal under Karnataka law. Gig workers threaten protests as they demand discontinuation of the service.
Kotak Alternate names Pushkar Jauhari as CEO for PE, VC arm
Pushkar Jauhari will lead investment strategy, fundraising, new investments, portfolio management and exits for Kotak Alternate's private equity and venture capital platform.
Dollar pullback, higher than expected Eurozone PPI keeps EUR/USD supported above $1.16 mark
The Euro surged to around $1.1613 following a fresh Eurostat report showing Eurozone Producer Price Index (PPI) inflation jumped 1.6% month-on-month in July. This will typically drive a more aggressive stance from the European Central Bank (ECB) at its upcoming monetary policy meeting. The single common currency rebounded from a two-week low on Thursday tracking a notable pull back in dollar as oil halted recent rally on signs of easing geo-political concerns. President Trump said the latest attacks on Iran would be short-lived, easing inflation concerns and reducing safe-haven demand for the greenback. In the Eurozone docket, Eurozone PMI data have failed to boost confidence in the Eurozone's economic outlook. S&P Global Eurozone Composite PMI came in at 52.0 in August 2026, broadly in line with the preliminary estimate of 52.1 and little changed from Julys eight-month high. However, Eurozone Services PMI was inched down to 51.6 in August of 2026 from 51.7 in the previous month.
Credlix crosses $1 bn in export financing for MSMEs, targets $10bn in five years
Moglixs trade-financing arm has backed more than 1,000 MSME exporters across India, Mexico, the US, West Asia and Singapore, as India seeks to make smaller businesses a larger part of global supply chains.
Deepak Fertilisers & Petrochemicals Corp Ltd leads losers in 'A' group
HFCL Ltd, Multi Commodity Exchange of India Ltd, Gravita India Ltd and eClerx Services Ltd are among the other losers in the BSE's 'A' group today, 03 September 2026.
Billionaire Birla unit's Shell buyout loan draws $2.5 billion in bids
An Aditya Birla Group unit has secured up to 24,000 crore in loan commitments from four banks for its planned acquisition of Shell's renewable energy assets in India
IAMAI seeks sector-specific, phased framework for draft RPwD accessibility rules
IAMAI has urged the government to reconsider uniform accessibility obligations for persons with disabilities. They propose a sector-specific and phased framework for digital content and services. The industry body highlighted existing sector-specific rules for online curated content providers. IAMAI also raised concerns about proposed compliance timelines and existing frameworks. A proportionate approach is recommended after market and technology assessments.
Capri Global Capital receives ratings action from Moody's
CARE Ratings reaffirms ratings of Vimta Labs at 'A/A1' with 'stable' outlook
Vimta Labs said that CARE Ratings has reaffirmed the company's long-term rating at 'CARE A' with 'stable' outlook.
Inox Wind rises on 100 MW turnkey order from Indian Oil
Inox Wind rose 3.29% to Rs 72.91 after the company secured a repeat turnkey order from Indian Oil Corporation for a 100 MW wind power project, with a contract value of approximately Rs 755 crore.
Volumes spurt at Elecon Engineering Company Ltd counter
Elecon Engineering Company Ltd registered volume of 65.92 lakh shares by 14:14 IST on NSE, a 20.92 fold spurt over two-week average daily volume of 3.15 lakh shares
Autoline Industries surges after securing new contract from Tata Motors Passenger Vehicles
Autoline Industries jumped 10.99% to Rs 94.25 after the company announced that it has secured a new business award from Tata Motors Passenger Vehicles for the supply of critical components for SUV applications.
D B Corp Ltd down for fifth straight session
D B Corp Ltd is quoting at Rs 193.84, down 0.22% on the day as on 13:19 IST on the NSE. The stock tumbled 10.12% in last one year as compared to a 3.25% slide in NIFTY and a 3.87% spurt in the Nifty Media index.
Tube Investments of India Ltd down for fifth straight session
Tube Investments of India Ltd is quoting at Rs 2693.5, down 0.97% on the day as on 13:19 IST on the NSE. The stock tumbled 10.12% in last one year as compared to a 3.25% slide in NIFTY and a 7.23% spurt in the Nifty Auto index.
VLCC raises 110 crore from BlackSoil Capital to support expansion
The Carlyle-backed beauty and wellness company will use the financing for new products, store network expansion and growth across services, personal care and international markets
Corporate stress remains benign despite IBC delays and deep haircuts: Kotak
India's corporate credit cycle is expected to remain stable in the near future. Strong corporate balance sheets and moderate debt levels support this positive outlook. However, the Insolvency and Bankruptcy Code faces ongoing delays and low recovery rates. Manufacturing leads sector contributions to resolution plans under the IBC. Recent reforms aim to improve resolution timelines and recovery outcomes for lenders.
The plan is still in the early stages of exploration and the quantum of debt to be raised has not been decided.
Adani Group expands footprint in opposition-ruled states with projects worth Rs 5 lakh crore
Adani Group is investing significantly in infrastructure projects across various Indian states. The conglomerate is pursuing projects in roads, ports, and energy sectors. These initiatives aim to drive economic growth and create new employment opportunities. Governments are seeking private capital for development and job creation. Adani's expanding footprint highlights its role in national infrastructure development.
India stalls Alipay+ payments link over security, data concerns, sources say
India has stalled Alipay+'s proposal to link with its instant payments system. National security concerns and data usage questions are the primary reasons for this decision. The Indian government cited political grounds for halting the integration of the payment platforms. Law enforcement agencies also raised concerns about money laundering and data breaches.
Nearly 2,000 heavy electric trucks could hit Indian roads by FY27 as corporate fleets scale up
UltraTechs latest 600-truck plan adds to a growing pipeline of electric heavy trucks across cement, ports and logistics, according to data compiled by businessline
Need money urgently? Here's how to choose the right funding option.
Facing a financial emergency necessitates a strategic approach to funding resources. For SBI Credit Card users, features like Flexipay and Balance Transfer on EMI can alleviate immediate pressures. Although Cash Advance is available for urgent cash needs, it presents hefty charges; hence, it should be reserved for critical situations. Analyzing one's ability to repay, alongside differentiating between direct cash needs and payments to merchants, is key.
Aswath Damodaran disagrees with Vinod Khosla on the scaling vs profitability debate. Heres why
Aswath Damodaran has challenged Vinod Khoslas view that companies should prioritise scaling over profitability. Damodaran argues that the right balance depends on factors such as market size, competition, capital intensity and unit economics. He warns that blindly chasing scale can turn small business failures into larger ones and create unsustainable models.
Raipur (Chhattisgarh) [India], September 3: A new-generation Indian kitchen brand is emerging from Chhattisgarh with a vision to take forward a family business journey that began nearly eight decades ago.
SpiceJet plans to expand operations by adding 20 aircraft to its fleet by mid-November, aiming for 200 daily flights during the winter season. The budget carrier will expand capacity with 15 Boeing and five Airbus planes.
Benchmarks trade near the flat line; Europe opens in the green
The benchmark indices traded near the flat line in afternoon trade. The Nifty traded below the 23,950 mark. IT, FMCG and metals shares declined while banks, realty and financial stocks managed to trade in the green.
Hexaware Technologies appoints Vivek Jetley as CEO Designate
Hexaware Technologies announced the appointment of Vivek Jetley as CEO Designate. Vivek will join Hexaware and assume the role of CEO on 28 October 2026. The appointment comes at an important moment for Hexaware as the company enters its next phase of accelerated growth with AI reshaping enterprise technology services globally and creating new sources of client demand.
XTGlobal Infotech spurts after emerging as qualified technology partner for US State Govt contracts
XTGlobal Infotech zoomed 6.42% to Rs 32 after the company announced its selection as a qualified technology partner under a multi-year cloud engineering and technical services program for a U.S. State Government technology authority.
RBL Bank Ltd gains for third consecutive session
RBL Bank Ltd is quoting at Rs 408.8, up 4.98% on the day as on 12:49 IST on the NSE. The stock is up 53.8% in last one year as compared to a 3.33% drop in NIFTY and a 5.85% drop in the Nifty Private Bank index.
Bank of India rises for third straight session
Bank of India is quoting at Rs 144.9, up 1.26% on the day as on 12:49 IST on the NSE. The stock is up 29.21% in last one year as compared to a 3.33% slide in NIFTY and a 25.87% slide in the Nifty PSU Bank index.
Central Bank of India rises for third consecutive session
Central Bank of India is quoting at Rs 30.98, up 2.01% on the day as on 12:49 IST on the NSE. The stock is down 12.29% in last one year as compared to a 3.33% spurt in NIFTY and a 25.87% spurt in the Nifty PSU Bank index.
Torrent Power Ltd soars 4.97%, rises for third straight session
Torrent Power Ltd is quoting at Rs 1311, up 4.97% on the day as on 12:49 IST on the NSE. The stock is up 1.24% in last one year as compared to a 3.33% gain in NIFTY and a 11.27% gain in the Nifty Energy index.
Indias data-centre allure: costs at least a third lower
Lower power, construction and colocation costs are giving India an edge over rival markets, but land, grid and water constraints could complicate the next phase of expansion.
India's bank liquidity surplus hits all-time high riding flood of dollar deposits
Indias banking system liquidity surplus has surged to a record 9.7 trillion ($102.67 billion), surpassing the previous peak seen in September 2021. The sharp increase follows Indian banks raising $127.23 billion through non-resident foreign-currency deposits under the RBIs scheme, with most funds swapped into rupees. The liquidity glut could complicate RBI management of overnight rates and liquidity.
Uber said it was shutting down its services in the two African countries following a global review of its operations, and that the decision is limited strictly to these two markets.
RBL Bank surges as board to mull overseas debt fundraising plan
RBL Bank rallied 5.015 to Rs 409 after the bank announced that its board will meet on Monday, 7 September 2026, to consider establishing a Euro Medium Term Note (EMTN) Programme.
Bonus issue alert! Multibagger Titan Biotech announces its maiden 1:4 bonus issue
Titan Biotech has announced its maiden 1:4 bonus issue, with one share to be issued for every four held, subject to shareholder approval. The multibagger stock has gained over 200% in a year and 100% in 2026. Heres what investors need to know about the bonus issue and eligibility.
Wakefit shares jump over 4% as Nomura initiates coverage. Check target price
Wakefit Innovations shares gained over 4% after Nomura initiated coverage with a Buy rating and a Rs 200 target price, implying 30.7% upside. The brokerage cited Wakefits leadership in online mattresses, furniture expansion and vertically integrated model, while flagging Jumbo store execution, competition and raw-material volatility as key risks.
Can five extra hours a week help Volkswagen cut costs and save jobs? Explained
Volkswagen faces uncertainty as it considers closing four German plants amid high labour costs tied to the 35-hour work week. Let's find out whether five extra hours a week can help the German automaker cut costs and save jobs.
RPG Life Sciences acquires API and Intermediates biz of Raghava Life Sciences
For a consideration of Rs 135 cr
Deepa Jewellers IPO Day 3: GMP falls to 13%, issue booked 6.55x. Should you subscribe?
The Deepa Jewellers IPO entered its final day of bidding with strong investor interest, while its grey market premium moderated from earlier levels. Brokerages remain positive on the issue, citing strong earnings growth, attractive valuations and expansion plans, though customer concentration and working-capital requirements remain key risks.
Indices trade with sideways; private bank shares advance
At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 40.86 points or 0.05% to 76,611.21. The Nifty 50 index lost 6.15 points or 0.03% to 23,907.85.
Balu Forge Industries acquires major ring rolling production line
Balu Forge Industries has announced the successful acquisition of a ring rolling production line capable of producing forged rings up to 6.7 meters in outer diameter (OD).
S V Global Mill Ltd leads gainers in 'B' group
Cyber Media (India) Ltd, AKI India Ltd, Tijaria Polypipes Ltd and Jindal Worldwide Ltd are among the other gainers in the BSE's 'B' group today, 03 September 2026.
Anant Raj stock jumps 8% in midday trade, leads realty gainers on heavy volume
Despite todays sharp gains, the stock remains 17.6% below its 52-week high of 743.65, touched in October 2025
Prasol Chemicals fixes price band for Rs 500-cr IPO; issue to open on Sep 8
Prasol Chemicals will launch its Rs 500-crore Initial Public Offering on September 8. The company has fixed the price band at Rs 643-676 per equity share. This public offering will close on September 10 after anchor investor bidding. The IPO includes a fresh issue of Rs 80 crore and an OFS of Rs 420 crore. Proceeds will fund debt payment, working capital, and general corporate needs.
RPG Active Pharma acquires API business of Raghava Life Sciences for 135 crore
The acquisition is a step in RPGAPs consolidation, based on a buy-and-build strategy to create an API focused organisation
Prateek Group to Develop 2 Lakh sq. ft. High Street Mall Worth INR 500 Crore in Siddharth Vihar
Ghaziabad (Uttar Pradesh) [India], September 3: Prateek Group has announced plans to develop a 2-lakh sq. ft. high street mall worth approximately INR 500 crore in Siddharth Vihar, Ghaziabad, marking a significant expansion of the Group's commercial real estate portfolio. The development will follow a 100% lease-based model, with Prateek Group retaining ownership of the asset and generating long-term recurring rental revenues.
Shadowfax Technologies launches Channel Partner Program
Aims to onboard 1,000 channel partners across tier 1 and tier 2 cities over next three years
Dollar index pulls back notably as oil halts recent rally; sharp yen rally weighs
The dollar index pulled back sharply on Thursday as oil halted recent rally on signs of easing geo-political concerns. President Trump said the latest attacks on Iran would be short-lived, easing inflation concerns and reducing safe-haven demand for the greenback. New York Fed Bank President John Williams reportedly said there is evidence that inflation continues to ease as the impact of tariffs fades, while higher energy prices have yet to spill over into other services. Meanwhile, data from US showed private employment growth slowed in August. Markets however wait for the release of the crucial US Nonfarm Payrolls (NFP) report on Friday, which will be looked at for more cues about the Fed's future policy path. Meanwhile, sharp yen rally near a one-month high also weighed on the greenback amid reports that authorities had conducted a rate check and could intervene again to support the Japanese currency. The dollar index that measures greenback against a basket of currencies is ...
EMS secures sewerage projects worth Rs 218 cr from Govt. of Rajasthan
EMS has emerged as the Lowest Bidder (L-1) for a major sewerage project awarded by the Directorate of Local Bodies, Government of Rajasthan.
HUDCO rises after signing Rs 25,000 crore MoU with Bihar government
Housing & Urban Development Corporation (HUDCO) rose 2.06% to Rs 182.02 after signing a memorandum of understanding (MoU) with the Government of Bihar.
Keralam child rights panel seeks removal of sugar from anganwadi nutri mix
The child rights commission has advised removing sugar from Amrutham Nutri Mix. It suggested replacing sugar with a small quantity of jaggery for children. A high-level committee will scientifically determine the nutritional composition of products. Guidelines will be prepared on Nutri Mix quantity based on children's age.
HDFC Bank may lead private lenders into a perfect succession storm
Private banks have had longer CEO runways in the past, but experts say they have failed to build enough leaders ready to take the top job as a shallow leadership pool is making succession harder.
One World, One Family: A Dialogue on Values, Service and Social Transformation
Tumakuru (Karnataka) [India], September 3: An evening centred on a simple but powerful idea - One World, One Family - brought together spiritual leaders, public representatives, social thinkers, entrepreneurs and members of the community in Tumakuru on August 28.
India can unlock a wheat export opportunity of more than USD 1.5 billion as the gradual reopening of exports coincides with strong domestic production, comfortable stocks and efforts by major global buyers to diversify their sources, an ASSOCHAM report said.
Oil importers are learning to live with a new reality as old routes of business fall apart
Ongoing tensions involving Iran are pushing major oil importers to develop alternative supply routes, which increasingly bypass the supply hubs that previously dominated global energy trade.
Prestige Group acquires 17.14-acre land parcel in Gurgaon
For residential project with estimated GDV of Rs 5,600 cr
Yen strengthens past 158 as BoJ hike bets intensify
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Indices trade in positive terrain; PSU Bank shares jump
PSU Bank shares witnessed buying demand for second consecutive trading sessions.
Lehar Footwears surges after commissioning new sports footwear manufacturing unit in Haryana
Lehar Footwears zoomed 10.31% to Rs 220.40 after the company announced the commencement of operations at its new sports footwear manufacturing facility in Kundli, Haryana.
Volumes soar at Elgi Equipments Ltd counter
Elgi Equipments Ltd recorded volume of 6.62 lakh shares by 10:46 IST on BSE, a 22.76 times surge over two-week average daily volume of 29096 shares
BSE SME Kwick Forensic Solutions cracks the code with premium debut
Kwick Forensic Solutions traded at Rs 157.50 on the BSE, a 75% premium to the issue price of Rs 90.
India services growth improves in August, but remains subdued
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Adults only: gritty action films shut out family audiences but turn out to be blockbusters
Action films with adult ratings face challenges in attracting family audiences. Experts note the potential trade-offs between creative freedom and broader market appeal, emphasizing the need for varied storytelling rather than solely relying on violence and flawed heroes.
Purple Style Labs IPO ends with 1.29 times subscription
The offer received bids for 88.66 lakh shares as against 68.49 lakh shares on offer.
Welspun Corp gains as foreign brokerage initiates Buy call
Welspun Corp rose 3.03% to Rs 2,600 after a foreign brokerage initiated coverage on the company with a 'Buy' rating and a target price of Rs 3,250.
Lumino Industries shines on market debut
Shares of Lumino Industries were currently trading at Rs 108.26 at 10:10 IST on the BSE, representing a premium of 32.02% as compared with the issue price of Rs 82.
New Delhi [India], September 3: India's pet care industry is entering a period of structural growth, but some parts of the market are moving considerably faster than others. Cat food is emerging as one of the most dynamic segments, driven by rising cat parenthood, and greater awareness around feline nutrition.
Yes Bank receives ESG score of 74
RPG Life Sciences rises on deal to acquire API business of Raghava Life Sciences
RPG Life Sciences added 1.29% to Rs 2606 after the company said that its subsidiary RPG Active Pharma would acquire the API and intermediates business of Raghava Life Sciences for Rs 135 crore.
POWERGRID bags Rs 3,244-cr annual transmission project under TBCB
Power Grid Corporation of India (POWERGRID) has been declared the successful bidder under Tariff Based Competitive Bidding (TBCB) for establishing an Inter-State Transmission System to evacuate 6 GW of renewable power from Rajasthan REZ Phase-IV.
Hexaware Technologies Ltd Slips 3.3%
Hexaware Technologies Ltd has lost 5.09% over last one month compared to 2.06% fall in BSE Information Technology index and 2.17% drop in the SENSEX
FIIs are showering India with billions. Why are Nifty stocks missing the party?
Despite foreign investors infusing billions into Indian equities, benchmark indices struggle to keep pace. Inflows in the primary market are notable but fail to directly uplift listed stocks. Selective purchases are occurring in large mid-cap stocks while financials and IT remain ignored. Domestic investors are a crucial pillar for market resilience, necessitating consistent secondary market activity for a comprehensive rally.
Indian stock markets opened higher on Thursday, with key indices showing gains. The Sensex rose nearly 155 points, reaching 76,725 on its weekly expiry day. Nifty 50 also gained over 83 points, beginning the session near 23,998. Broader markets followed suit, with midcap and smallcap indices experiencing upward movement. This positive start occurred after a significant decline in the previous trading session.
Power Grid shares gained attention after the state-owned transmission company received an LoI for a 6,000 MW inter-state transmission project linking Barmer in Rajasthan with South Kalamb in Maharashtra. The project carries quoted annual transmission charges of Rs 3,244.33 crore.
Nifty set for positive opening as Asian market rebounds
GIFT Nifty:
Stock Alert: Hexaware Tech, HUDCO, Power Grid, Page Industries
Shares of LIC Housing Finance and SAIL are banned from F&O trading on 3 September 2026.
RBI forex swap scheme attracts $127.23 billion through FCNR(B) deposits
The inflows included $127.23 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, while overseas foreign currency borrowings (OFCBs) contributed $5.26 billion and external commercial borrowings (ECBs) accounted for $3.89 billion.
Persistent Systems shares fall over 3% as board gives nod for $1.25 billion fundraise. Check details
Persistent Systems approved plans to raise up to $1.25 billion through debt and up to $450 million via equity-linked instruments, subject to approvals. The IT firm reported strong bookings and revenue growth in Q1, though profit declined due to forex losses. Shares have gained 21% over six months.
Shares of Swiggy experienced a decline following MSCI's decision to exclude the company from global indexes, prompted by its shift to full Indian ownership and control. The new foreign ownership constraints limit further investments. Swiggy is targeting robust adjusted EBITDA growth by FY31, even as it reported a net loss while revenues showed an uptick in Q1 FY27.
JSW Steel Share Price Live Updates: JSW Steel's Market Breakout Highlights Positive Momentum
Infosys Share Price Live Updates: Infosys wraps up at Rs 1156.0
M&M Share Price Live Updates: M&M Exceeds 100-Day Simple Moving Average Mark
Titan Company Share Price Live Updates: Titan Company shows bearish trend below its 20-day EMA
