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AI hospitality partner Dextr AI raises $6.7 million seed round led by Elevation Capital
It comes at a time when the company is looking to expand its AI deployments across hospitality markets globally, including India
JSW One Platforms moves SEBI for 3,054-cr IPO
The offer comprises a fresh issue worth 1,300 crore and an offer-for-sale of 1,754 crore
Lab-grown diamond manufacturer Anjali LabTech files updated papers for Rs 1,225 cr IPO
Anjali LabTech Ltd has re-submitted its draft papers to Sebi for a notable Initial Public Offering targeting Rs 1,225 crore. This IPO encompasses a fresh share issue worth Rs 925 crore alongside a promoter-led Offer For Sale. The raised funds are earmarked for expanding capital expenditure and boosting corporate development. Furthermore, the company anticipates gathering up to Rs 185 crore through a pre-IPO placement.
Sebi bans Omaxe, 5 others for violating minimum public shareholding norms
The Securities and Exchange Board of India (Sebi) has taken decisive action against Omaxe and five associated entities for breaching public shareholding regulations. Omaxe and its promoters were accused of creating a deceptive public shareholding framework, involving funds used to repurchase its shares via various means. As a result, Omaxe faces a three-month market access ban, while the others have a one-year restriction, alongside a hefty fine totaling Rs 1.
Kian-M Export files IPO paper with Sebi; aims to raise Rs 500 crore via fresh issue
Kian-M Export Ltd has filed preliminary IPO documents aiming to secure Rs 500 crore through both new shares and an offer for sale. The raised funds are earmarked for enhancing working capital, acquiring a stake in Ultra Denim Ltd, and purchasing new machinery. Furthermore, the capital will aid in expenses for its subsidiary, Usha Cotton Ltd, and general corporate costs.
Adani group entities swap 86 lakh shares of Adani Enterprises in Rs 2,498 cr block deal
Recently, the Adani Group's promoter entities completed a significant exchange of 86 lakh shares of Adani Enterprises, worth Rs 2,498 crore via block deals. Adani Infra (India) Ltd and Adani Properties garnered noteworthy shares, while Infinite Trade and Investment Ltd divested an equivalent amount, cutting their ownership from 2.01 percent to 1.38 percent. Overall, the promoter shareholding in Adani Enterprises has shown a slight increase.
As savings shift to MFs, fund houses must step up to the challenge
AMC IPO wave gathers pace amid growing investor interest in mutual funds
R R Kabel forays in optical fibre cable business
With acquisition of U M cables' business undertaking
NSE open to self-listing if SEBI permits, seeks broader revenue mix beyond options
NSE Chairman Srinivas Injeti said transaction-based income continues to be the exchanges primary revenue source, although non-transactional businesses have steadily expanded over time
High input costs, policy support will likely keep steel prices higher than 2025
But weakness in the construction sector and Chinas property sector downturn will cap steel offtake, say analysts
SIDBI withdraws 6,000 crore three-year bond issue as yields harden
Investors sought higher yields for SIDBI's three-year bonds as government bond yields hardened amid rising crude oil prices and higher US Treasury yields
Steel Authority of India and Bharat Coking Coal signs MoU
For joint development and operation of coal blocks
One 97 Communications hikes stake in its subsidiary - Little Internet
Also invests Rs 100 cr in its wholly owned subsidiary- Paytm Money
US stocks open higher as AI enthusiasm eases worries over higher oil prices, yields
Wall Street's main stock indexes were steady at open on Friday as AI optimism offset worries regarding high oil prices and rising Treasury yields, while investors monitored chances
NPS Swasthya from 1 October: What you need to know about the new pension option and health cover
NPS Swasthya is a new pension option that combines retirement savings with healthcare benefits and a mandatory super top-up health insurance policy. As it prepares for launch, heres a look at who can enrol, how the health cover works, and when subscribers can access the corpus.
Lumax Auto Technologies announces change in senior management
The company also announced the resignation of Satish Sundaresan, Chief Technology Officer designated as Senior Management Personnel of the Company effective from the closure of business hours of 25 September 2026.
PC Jeweller achieves debt-free status
With today's repayment, the company has successfully discharged all the outstanding debt of all the 14 consortium banks under the terms of Settlement Agreement dated 30 September 2024 with all repayments completed ahead of scheduled due dates.
Edelweiss concludes sale of 45% stake in Nido Home Finance
Edelweiss Financial Services announced the completion of sale of 45% stake in Nido Home Finance (Nido), a subsidiary of the company, by the company, Edelweiss Rural & Corporate Services (ERCSL) and Edel Finance Company (EFCL) (sellers), to CA Sardo Investments (an affiliate of The Carlyle Group) and Salisbury Investments (an investment vehicle of Aditya Puri and his family) (buyers).
PB Fintech's 2-day fall costs mutual fund investors nearly 11,000 crore
Mutual funds owned 33% of PB Fintech at August-end; stock has plunged 38% in two sessions
Indias steel output rises 4.6% in August even as global production declines
Chinas manufacturing of steel dropped 3.7% in August, while world output dropped 0.7% during January-August
PVR Inox opens 5-screen multiplex at MyMoon, Kochi
PVR Inox announced the opening of new 5-screen multiplex at MyMoon, Kochi. The new five-screen cinema is equipped with advanced projection and sound technologies, including PXL, 4K laser projection, Dolby Atmos immersive sound and RealD 3D, bringing greater clarity, depth and impact to the cinematic experience. The cinema comprises five state-of-the-art screens with a total seating capacity of 814.
JSW Thermal bags order for balance two 800MW steam turbine generators for Salboni TPP
JSW Thermal Energy (JSW Thermal), a wholly owned subsidiary of JSW Energy, has entered into a contract with its associate company, Toshiba JSW Power Systems (Toshiba JSW) for the procurement of two steam turbine generators (TG) of 800 MW each for Phase 2 of its Salboni Thermal Project in West Bengal.
DGFT delists 15 scrap inspection agencies; importers flag disruptions
DGFT withdrew recognition of 15 inspection agencies over certification lapses, while metal scrap importers flagged penalties, added costs and shipment disruptions
Patriarchy is a mindset that people have to unlearn: Safeena Husain, Founder, Educate Girls
UPI MDR explained: 40% of the new fee will go to customer banks, 30% to payment gateways and 20% to UPI apps. Know who gets the money.
Indian equity benchmarks ended higher on Friday, with the Nifty 50 rising 0.34% and the Sensex gaining 0.43%. Axis Bank and Asian Paints led the gainers, while Max Healthcare and Infosys were among the top losers. Heres a look at the biggest movers across the Nifty and Sensex.
Bank deposits, credit shrink in fortnight to September 15
Outstanding bank deposits and advances declined significantly during the fortnight ending September 15. Deposits fell by Rs 2.49 lakh crore due to the maturing of high-cost bulk deposits. Deposit growth slowed to 17.3%, while credit growth also dropped to 18.1%. The RBI data indicated that banks experienced a net withdrawal affecting their cumulative outstanding deposits. These changes reflect an adjustment in banks' strategies influenced by recent overseas deposit inflows.
Centre expands subsidized onion sales to small towns as retail prices double from last year
In a first, the government is shipping buffer-stock onions to district markets and small towns to check price spillovers and curb festive season inflation.
Embassy REIT raises Rs 1,000 cr via debentures to refinance debt
Embassy Office Parks REIT has effectively secured Rs 1,000 crore via non-convertible debentures, aimed at refinancing its existing debts and boosting its financial position. This notable transaction highlights a pivotal moment in the evolution of India's REIT market and was fully subscribed by a reputable European bank, showcasing substantial international interest and the ongoing regulatory support from SEBI and RBI for the sector.
INR holds above 96-mark amid pull back in oil prices
The Indian rupee appreciated 19 paise to close at 95.80 (provisional) against the US dollar on Friday, holding above the 96-mark, on improved global risk sentiment and possible intervention by the Reserve Bank. Gains in the rupee were capped by US dollar demand from local importers, high crude prices and a stronger greenback driven by hawkish Federal Reserve signals. At the interbank foreign exchange market, the rupee opened at 95.92 against the American currency. During the day, the local unit slipped to an intraday low of 95.94, but recovered lost ground to close at 95.80 (provisional), a 19 paise rise from its previous close. Indian shares fluctuated before finishing modestly higher on Friday, as a sell-off in government debt eased and oil prices retreated from recent highs following reports that Iran has submitted a proposal to the United States to end their war and reopen the Strait of Hormuz within seven days. The BSE Sensex closed at 73,895.74 (up 315.20 points or 0.43%) and ..
India bonds slide for sixth week as global rout deepens
Indian government bonds continue to struggle amidst escalating global borrowing rates and soaring oil prices. As market participants strategize for a potential rate hike by the Reserve Bank of India, the 10-year bond yield has surged to a four-month pinnacle, instilling investor apprehension. However, Indian bonds have proven surprisingly resilient, buoyed by robust liquidity. Most analysts now foresee an impending rate increase in the next policy meeting.
Beyond the number: Why an 800 credit score doesnt guarantee a loan and what you can do about it
A high score cannot simply erase the lingering footprint of an old 'settled' account.
Income tax calendar October 2026: ITR, TDS, Form 141 and other deadlines to know
October 2026 brings important income tax deadlines, including ITR filing for eligible taxpayers, quarterly TDS returns and Form 141 submissions. Check the key dates to avoid late fees and penalties.
Govt appoint Dinesh Pant and Girija Subramanian as members of IRDAI
In a significant restructuring of the Insurance Regulatory and Development Authority of India (IRDAI), Dinesh Pant, Managing Director of LIC, and Girija Subramanian, ex-CMD of New India Assurance, have been appointed as new members. Pant's retirement is effective September 24, 2026, while Subramanian stepped down in July. These changes are indicative of the dynamic shifts within India's insurance regulatory landscape.
ET Alpha Wealth Summit 2.0: Structured debt and the search for higher yields
Structured debt is becoming a go-to option for high-net-worth individuals aiming for better returns and risk strategies. These investors typically review important factors, including credit quality and how cash flow is generated, before diving in. Key elements such as collateral and capital structure are essential for providing downside protection, while liquidity concerns persist due to a general lack of active secondary trading in structured debt.
Sensex gains 315 points, Nifty settles above 23,100 on value buying
The key equity benchmarks ended higher on Friday, supported by value buying after the sharp decline in the previous session. Easing crude oil prices and a stronger rupee also supported investor sentiment. Buying interest in select domestic-focused sectors, particularly consumer durables and auto stocks, helped the benchmarks recover, while IT and healthcare stocks declined. The Nifty settled above the 23,100 level.
Rupee rises 19 paise to close at 95.80 against U.S. dollar
Forex traders said gains in the rupee were capped by U.S. dollar demand from local importers, high crude prices and a stronger greenback driven by hawkish Federal Reserve signals
Rupee rises 19 paise to close at 95.80 against U.S. dollar
Forex traders said gains in the rupee were capped by U.S. dollar demand from local importers, high crude prices and a stronger greenback driven by hawkish Federal Reserve signals
Bitcoin traded near $84,000 following profit-booking from recent highs as surging US Treasury yields pressured risk assets. Despite intraday volatility and $80 million in long liquidations, consistent ETF inflows, whale accumulation, and key support levels suggest underlying demand for BTC remains firm amid ongoing macroeconomic headwinds.
Engineers India among 7 stocks hitting 52-week highs; shares rallied up to 25% in a month
Seven BSE 500 stocks, including Engineers India, Welspun Corp and Zydus Lifesciences, touched fresh 52-week highs on Friday. Here is a look at their new highs, current market prices and one-month performance.
Stock markets bounce back on value buying; Sensex rises 315 points
Among the Sensex firms, Axis Bank rose the most, climbing by 2.82%. Mahindra & Mahindra jumped 2.24%, Asian Paints 1.93%, Bajaj Finance 1.21%, HCL Tech 1.17% and Titan 1.01.%
Japanese investors step up domestic bond purchases as foreign demand drops: JSDA data
Japanese investors bought 21.7 trillion yen of coupon-bearing Japanese government bonds between April and August, reaching 89% of their entire fiscal 2025 total. In contrast, foreign investor purchases plunged to just 2.8 trillion yen, marking a major shift in the demand composition for Japanese sovereign debt.
ASX 200 falls for fourth straight week ahead of RBA decision
Persistent inflation has raised expectations of further interest-rate hikes after three increases earlier this year. Investors are also awaiting August inflation data, following a July reading that came in above expectations and remained higher than the RBAs 23% target range.
Japan's Nikkei rises for fifth straight session as oil and bond pressures ease
Oil prices declined after reports that the US and Iran were discussing a phased agreement that could help reopen the Strait of Hormuz and ease a US blockade on Iranian ports. Global bond yields also stabilized after a sharp rise over the previous two sessions. Japans 10-year government bond yield edged down from its highest level since 1996.
Global Market: Airbus shares fall after quality flaw found in hundreds of A321neo jets
Airbus shares fell after the company disclosed a quality issue affecting hundreds of A321neo aircraft. The planemaker has identified a repair, but the potential impact on deliveries and production schedules remains unclear.
Stuck in a debt cycle? 5 ways to get out of EMI trap and regain control of your finances
Multiple EMIs can put pressure on monthly cash flow, leaving little room for savings. These five practical steps can help borrowers assess their debt, prioritise expensive loans, avoid fresh borrowing and regain control of their finances.
Celebrating those who challenge the status quo | Raghuvir Srinivasan, Editor, The Hindu businessline
NSEs D-Street Debut Makes It 6th Most Valuable Exchange. Whats ahead?
Nifty ends above 23,100 level; consumer durables shares climb
Consumer durables, realty and auto shares advanced while media, IT and pharma shares declined.
Refex commences Ready-Mix Concrete (RMC) business
Starts commercial operations at RMC plant located at Pune
UPI MDR explained: Will mutual fund SIPs and lumpsum investments be affected?
UPI offers mutual fund investors a convenient way to make lump-sum investments and set up SIP mandates. While the new 0.02% MDR applies to select one-time transactions, UPI AutoPay SIPs remain exempt, and the impact on investors is expected to be limited.
Explained: What really drives the rupee? Decoding the forces behind currency moves
The rupees decline over the past four years reflects a complex interplay of fundamentals, RBI intervention and market sentiment. A Bank of Baroda analysis finds no single dominant driver, with RBI spot and forward operations emerging as significant factors. The report expects the rupee to trade in the Rs 94.5-96 range near term.
Rupee ends at 95.81/$ soothed by RBI intervention; surge in forward premiums tipped to cool
The currency recovered slightly on Friday as easing oil prices and a softer dollar offered some relief, while the one-year forward yield climbed to 3.50%.
KPIL announces successful listing of LMG on Nasdaq Stockholm
Kalpataru Power Transmission Sweden holds 65.9% stake in LMG post-listing
Global Market: VLCC rates hit record as Saudi crude flows jump
Saudi Arabias increased crude shipments through the Strait of Hormuz have pushed ship-to-ship transfer operations in the Gulf of Oman to capacity, tightening tanker availability, lifting freight rates and complicating crude flows to Asian refineries.
State Bank of India will waive ATM transaction charges from September 28 to 30 during a proposed nationwide bank strike, allowing customers to access cash without fees at any ATM. Digital banking services will remain available, encouraging customers to complete branch transactions on September 27.
Looking for best equity mutual funds to invest for 3 years? Check these 3 funds with over 25% gain
Three equity mutual funds have generated over 25% annualized returns in the last three years. Led by ITI Small Cap Fund, Bandhan Small Cap Fund, and UTI Healthcare Fund, these schemes offer investors strong performance across small-cap and sectoral categories with competitive expense ratios and top ratings.
Kalpataru Projects Int'l lists subsidiary on Sweden's Nasdaq Stockholm
With this, KPIL becomes the first Indian company to list its foreign subsidiary Linjemontage on Nasdaq Stockholm
Top 5 FD rates: Suryoday, Jana, Ujjivan, Equitas and AU SFB compared for key tenures
Fixed deposit rates vary across banks and tenures. Compare the latest 1-, 2-, 3-, 5-, and 10-year FD interest rates from five small finance banks, along with key checks on taxes, premature withdrawal, and deposit insurance.
Runwal Ent IPO: Concentration risk, poor cash flows keep experts 'neutral'
Runwal Enterprises IPO review: SBI Securities has assigned a 'Neutral' rating, citing negative operating cash flows over the last three years.
Zee alleges JioStar violated Delhi High Court order on expired music rights
Following an expired licensing deal on 31 October 2025, Zee has filed a non-compliance plea against JioStar, claiming the broadcaster continues to stream its music without authorization.
Aether Industries rallies 9%; stock up 109% thus far in CY2026
Crisil Ratings on Aether Industries: Analysts believe that with continuous capacity additions and subsequent ramp-up, the overall growth trend is expected to remain strong over the medium-term.
Breaking out: 97-year-old South Indian Bank wants to outgrow name, go national
The lender, based in Thrissur, Kerala, plans to expand in Maharashtra, Gujarat and the national capital.
Macquarie projects a robust growth trajectory for India's capital market sector between fiscal years 2026 to 2030. This optimistic outlook hinges on a notable redirection of household savings towards market-based financial products. Key growth drivers identified are financialisation, equitisation, and productisation, which together enhance investment opportunities. Consequently, brokers and exchanges are likely to see substantial advantages from an expanding investor demographic.
Adon launches new range of flavoured dry fruits
The new range expands the Company's presence in the value-added, ready-to-eat snacking segment. The products are processed and packed at FSSAI-licensed facilities in Navi Mumbai and are offered in resealable stand-up pouches of 100 g (5 servings of 20 g each).
Bl.Changemaker awards 2026, Financial Transformation: Gourmet Popcornica Pvt Ltd
Kinetic Engineering announces Rs 57 cr investment from Promoters
Kinetic Engineering (KEL) is further strengthening its growth momentum with an additional investment of approximately Rs 57 crore towards expansion and growth. Of this, around Rs 17 crore will be directed towards Capex, while Rs 40 crore will be invested in expansion of its electric two wheeler segment, underscoring KEL's continued commitment to its electric mobility ambitions. The investment is by way of last tranche of conversion of 44,51,000 warrants issued to promoters in March 2025.
Bl.Changemaker 2026, Iconic Changemaker Award: Dr M R Rajagopalan
Medico Remedies Ltd leads losers in 'B' group
Turtlemint Fintech Solutions Ltd, TECIL Chemical & Hydro Power Ltd, Aastha Spintex Ltd and Manugraph India Ltd are among the other losers in the BSE's 'B' group today, 25 September 2026.
TCI shares jump nearly 15% as board to consider share buyback proposal
he company's board will meet on Tuesday, September 29, to consider a proposal for buyback of fully paid-up equity shares.
Bl.Changemaker 2026, Iconic Changemaker Award: Border Roads Organisation (BRO)
Gold outlook: Analyst sees upside capped at $4,330 amid US-Iran uncertainty
Praveen Singh of Mirae Asset Sharekhan said that Hormuz optimism can keep gold supported in the very short term. Upside is likely to be limited to $4330 unless more clarity emerges on US-Iran talks.
Accel India, 360 ONE Group sell over 4% stake in BlueStone for 513 cr
Sold shares find buyers among a mix of domestic and overseas institutional investors, who acquired an equal number of shares at the same price
Global Market: European shares rise as oil prices ease; Middle East tensions keep investors cautious
European shares rose on Friday as easing oil prices supported risk appetite, while investors remained cautious over Middle East tensions. The STOXX 600 was on track for its first weekly gain after three consecutive weeks of losses.
Global Market: BoE officials signal growing openness to rate hike as energy costs stay high
Bank of England policymakers are signalling greater openness to a rate hike as elevated energy prices threaten to keep inflation above target, while markets increasingly price in a possible November increase.
UPI is accepted in 11 countries: Will MDR charges apply globally? What we know so far
The government has announced that new MDR fees on UPI transactions will apply in some cases. Will the charge apply in every country where UPI is functional? Here's what we know so far.
Christopher Wood, the global head of equity strategy at Jefferies, identifies India's energy sector as a promising arena for growth, driven by the shift toward renewable energy sources like solar. Hitachi Energy India's CEO anticipates a significant 50% increase in energy demand by 2035, suggesting that electricity consumption could double.
Top 9 equity mutual funds deliver over 30% return on SIP investments in 1 year. Do you own any?
Nine equity mutual funds delivered over 30% returns on SIP investments in the last one year, with eight from the small-cap category and one focused fund. Bank of India Small Cap Fund topped the list with a 45.95% return, followed by TRUSTMF Small Cap Fund at 41.53%, according to ETMutualFunds.
Sensex, Nifty slipped into negative territory; European shares bounce back
The domestic equity barometers slipped below the flat line and traded in the red zone in afternoon trade, supported by value buying after the sharp decline in the previous session. Easing crude oil prices and a decline in market volatility also supported sentiment. The Nifty traded below the 23,050 mark.
RIL, PB Fintech, HUL, TMPV, Maruti among 24 BSE 500 stocks at 52-week lows
Motherson Sumi Wiring India, India Cements, Wipro, Tata Elxsi, UPL, NSDL and Zensar Technologies were few of the other notable BSE 500 stocks that hit 52-week lows on Friday.
Delhi HC directs police to decide on bank unions' protest site ahead of Sept 28-30 strike
In a significant ruling, the Delhi High Court mandated police to locate a new site for the protest organized by bank employees, due by September 28, following the rejection of the Jantar Mantar application. The United Forum of Bank Unions has organized a nationwide strike from September 28 to 30, set to disrupt services across the nation, while pushing for a five-day work week and improved pension plans.
Vi offers free international roaming on select plans for up to 3 trips a year
Vodafone Idea has introduced free international roaming on select plans, covering 170+ countries. Eligible customers can use the benefit for up to three trips a year, with Vi offering savings of up to 9,000 annually.
Rain collaborates with BioBTX for renewable aromatic products
BioBTX and Rain Carbon, a wholly owned subsidiary of Rail Industries, announced a strategic collaboration to bring renewable aromatic products to the chemical industry, supporting the transition toward more circular and sustainable value chains.
Acevector IPO: Analysts assign 'avoid' tag amid stiff competition, losses
Acevector IPO price band is set at 30 to 32 per share, with a minimum lot size of 468 shares. For a retail investor, the minimum investment is 14,976 at the upper end of the price band.
22, 24 carat Gold prices up across other cities on September 25
22, 24 carat Gold prices up across metro cities on September 25
Will NSE list on its own platform? Chairman Ashish Chauhan hints at very likely possibility
The National Stock Exchange's debut was characterized by a modest 0.8% premium on its initial public offering price. The Chairman underscored the necessity of adopting a long-term viewpoint when assessing the exchange's viability. NSE's strategic direction includes diversifying its revenue streams over the next five years to minimize dependence on transaction fees.
Share of high-value micro loans rise: Report
The share of high-value microfinance loans above 75,000 to individual borrowers rose to 41% in Q1 FY27, from 28% a year earlier, as lenders increasingly focused on existing borrowers with established credit histories.
