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Rupee recovers as large public sector banks sell US dollars
The Indian rupee appreciated by 15 paise, closing at 95.81 against the US dollar on Friday. This recovery was supported by actions from the Reserve Bank of India, which intervened in the currency market. The benchmark bond yield increased to 7.14%, the highest in four months, which influenced currency stability. Market analysts noted external financing requirements were putting pressure on the rupee's value.
Oil prices slide about 2% as US, Iran explore path out of war
Oil prices have dropped roughly 2%, influenced by signs of diplomatic advancement between the US and Iran concerning the Strait of Hormuz. As negotiations unfold, the US is contemplating a ban on diesel exports, impacting crude oil futures. Meanwhile, escalating assaults by Houthi fighters are hindering oil supply from Saudi Arabia, while ongoing Russia-Ukraine discussions may further shake global energy markets.
Dollar dips as oil eases, yen jumps on Japan remarks
The dollar tumbled on Friday amidst softening oil prices, hinting at a cease to its prior gains. In contrast, the yen surged following Japan and the USs reassertion of their commitment to currency stability. Although oil prices linger above $100 a barrel, alleviating some inflationary pressures, Federal Reserve officials raised alarms over ongoing inflation, prompting expectations for more interest rate increases this year.
Mounting rate hike bets keep weekly loss in sight for gold
Gold prices rose slightly on Friday but are set for a weekly decline of 2.1 percent. Factors such as inflation worries and rising US Treasury yields have negatively impacted the allure of gold as a safe haven for investors. The Federal Reserve's recent interest rate hike has raised concerns about future increases, further affecting gold's market perception.
European shares log weekly gains as oil prices ease, Mideast tensions linger
European markets rallied as declining oil prices broke a three-week slump. Despite lingering investor caution due to geopolitical tensions in the Middle East and rising bond yields, the pan-European STOXX 600 index saw gains, primarily fueled by strong performances from banking and airline sectors. However, concerns over energy costs remained a factor impacting German consumer sentiment in October. Noteworthy stock advancements included companies like Konecranes and Glencore during this period.
Crude oil price dips as traders weigh US-Iran Hormuz talks, supply risks
West Texas Intermediate futures trade below $94 a barrel
Balrampur Chini Mills gets Rs 75 crore BioE3 grant for PLA co-polymer R&D facility
Grant from BIRAC under the Department of Biotechnology's BioE3 initiative will support a 100 TPA pilot-scale R&D facility at the company's Kumbhi complex in Uttar Pradesh
Aban Offshore reports consolidated net profit of Rs 83.72 crore in the June 2026 quarter
Sales rise 44.43% to Rs 165.26 crore
EPF balance not showing on member passbook? Here's why this happens and when you should worry
If your EPF is not displaying on the member portal, it may simply be a technical or processing issue, which in most cases can be fixed. Here's why this happens and when you should worry.
Biscuit maker Anmol Industries files for 1,800 cr IPO, draft papers show
The Kolkata-based biscuit maker will see its top investor, Baijnath Choudhary & Family Trust, sell its entire stake in the IPO, with no fresh issue
Bank holiday today: Check if SBI, HDFC, ICICI branches are open or closed on Saturday, 26 September
Bank holiday today, 26 September: SBI, HDFC Bank and ICICI Bank branches are closed as it is the fourth Saturday. Public sector banks and RRBs will operate on Sunday, 27 September, ahead of the proposed nationwide bank strike from September 28-30.
JSW One Platforms files draft papers for 3,054 crore IPO
The proposed IPO comprises a fresh issue of equity shares worth up to 1,300 crore and an Offer for Sale of shares worth up to 1,754.01 crore
India should allow exchanges to list on own platform, NSE chairman says
NSE accounts for about 93% of Indias cash-market trading and nearly 75% of options
Closing an unused credit card? Experts explain how it can affect your credit utilisation
An unused credit card may seem unnecessary, but closing it can reduce your total available credit and increase credit utilisation. Before cancelling a card, borrowers should consider its annual fee, benefits, credit limit, outstanding balances and role in their credit profile.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created investor uncertainty throughout the week. Various industries are under scrutiny regarding their prospects related to artificial intelligence advancements. Additionally, traders faced a potential interest rate increase by the Federal Reserve in October.
The Income-tax Act, 2025 largely retains the existing tax treatment of VDAs, including the 30% tax and 1% TDS. However, section numbers have changed and a new reporting framework for crypto transactions will require investors to maintain detailed transaction and wallet records.
Virtual pharma API firm HRV preparing for IPO, DRHP likely in H1 of 2027: Sources
HRV Pharma CEO Hari Kiran Chereddi says investing in capacity at partner facilities, exploring acquisitions for market access; forecasts Rs 1,000 crore revenue in FY28
Anthropic investor Lonsdale says AI firms stoking fear to sway policy
Joe Lonsdale, an investor in Anthropic, expresses concerns about AI companies influencing public policy and regulation. He warns against the dangers of allowing a few companies to dictate industry rules. Lonsdale acknowledges the talent at Anthropic and its leadership role in AI development, highlighting his support for the company. In addition, he discusses potential acquisitions in Ukrainian defense technology amid ongoing conflict.
Gold ETF vs Gold FoF: How do they differ and which one costs more?
Gold ETFs trade live on stock exchanges, whereas Gold FoFs are bought and redeemed through mutual fund platforms at end-of-day NAV
ICAI warns CAs: Plan ahead as 3-day bank strike overlaps with September 30 compliance deadlines
The apex accounting body highlighted that the proposed bank strike comes at a time when several important statutory and regulatory compliance deadlines are approaching
Nifty logs longest weekly losing streak since Covid-19 crash in 2020
Brent crude's 11% weekly plunge and a hardening 10-year bond yield weighed on insurance stocks; PB Fintech craters 33% on IRDAI reform fears
Diversified equity mutual funds: Which top 5 schemes have outperformed their category over 3 years?
Three-year returns can tell you which diversified equity funds have delivered strong performance, but they don't show the full picture. Heres a look at the funds that topped returns and how their performance stacks up by alpha.
Indias forex reserves decline $14.88 billion to $765.90 billion: RBI
Foreign currency assets accounted for almost the entire weekly decline, while higher gold reserves provided a marginal offset to the fall
EPFO final PF withdrawal rule: How is your interest calculated up to the payment authorisation date?
EPFO calculates interest on final PF settlements up to the date the final payment is authorised, irrespective of when the claim was submitted. Heres how the interest calculation works and what EPF members should know when making a final withdrawal.
The offer received bids for 1.72 crore shares as against 7.42 crore shares on offer.
Runwal Enterprises IPO subscribed 42%
The offer received bids for 50.85 lakh shares as against 1.21 crore shares on offer.
German Green Steel and Power IPO subscribed 1.73 times
The offer received bids for 2.78 crore shares as against 1.60 crore shares on offer.
Why are platinum prices crashing after a record-breaking rally? | Trending commodity picks | EP 116
Platinum falls from record highs: what's driving the sell-off?
Orient Cables (India) IPO subscribed 1.96 times
The offer received bids for 2.93 crore shares as against 1.49 crore shares on offer.
SEBIs new PMS framework introduces PRIM, allowing investors to access professionally managed portfolios of mutual funds, ETFs and SIFs. Here's how PRIM compares with conventional PMS and mutual funds on investment, management, taxation and flexibility.
Liqvd Digital India IPO subscribed 5.08 times on final day
Liqvd Digital Indias IPO was subscribed 5.08 times on the final bidding day, with 3.86 crore shares bid against 75.94 lakh shares offered. Non-institutional investors led demand at 21.02 times, while retail investors subscribed 1.43 times and QIBs fully subscribed.
Traders' body CAIT denies 'No UPI Day' call on October 2, terms reports misleading
The Confederation of All India Traders (CAIT) said it has taken serious note of certain media reports and social media posts claiming that CAIT has announced or endorsed a nationwide No UPI Day on October 2, related to the proposed MDR levy on specified UPI transactions above Rs 2,000 from October 15.
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
Data center IPO hopefuls brave tougher market as investor scrutiny grows
Data center operator DayOne is pushing ahead with its plans to go public as soon as November, according to three people familiar with the matter, even as higher interest rates and setbacks elsewhere in the data center ecosystem threaten to narrow
US Federal Reserve plans to raise bank oversight thresholds, sources say
The US Federal Reserve is set to propose an increase in the asset thresholds for banking regulations, potentially raising the current $700 billion limit to around $960 billion. This adjustment could benefit lenders by reducing compliance costs and easing regulatory burdens for banks near the threshold. However, analysts caution that such changes may spur consolidation among mid-sized banks, which could undermine competition and elevate systemic risks in the financial sector.
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.
Active and passive small-cap funds follow different investment approaches, even when they are linked to the same benchmark. Their 1-year returns show a notable divergence, while differences in portfolio construction offer clues to what may be driving the gap.
All banks will be closed from September 28 to 30 due to a UFBU-led strike, affecting banking services. However, they will operate on September 27 to accommodate customers.
The high court says acceptance of possession does not automatically waive compensation for delay.
Signature to develop 194.22-acre ultra-luxury farmhouse villa project in Gurugram West
With estimated gross development value of up to Rs 6,000 cr
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
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.
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.
Godrej Industries announces further investment in Godrej Investment
GIVL has been incorporated on 05 January 2026, as a wholly owned subsidiary of GIL. GIVL shall continue to remain a wholly owned subsidiary of GIL subsequent to the aforesaid investment.
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
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.
Nifty posts seventh straight weekly loss, crude and global yields keep bulls at bay
Nifty 50 closed at 23,140.50, up 77 points or 0.34% on the day, while the Sensex settled at 73,895.74, higher by 0.43%
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 ..
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.
Quick Wrap: Nifty Realty Index records a surge of 0.92%
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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
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.
Prestige launches 11.91-acre residential project 'Prestige Parklane' at Devanahall, Bengaluru
With estimated GDV of Rs 1,750 cr
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
