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Mirai Aerospace, GreenValley Ink Deal To Strengthen India's Geospatial Base
GIS intelligence solutions provider Mirai Aerospace Systems and Software Solutions has signed an MoU with US-based GreenValley International Inc to strengthen India's geospatial and LiDAR remote sensing manufacturing base. The collaboration focuses on local assembly, manufacturing, technical support, and the development of AI-driven LiDAR applications, aiming to meet India's growing demand across various sectors.
Union Cabinet raises EPFO wage ceiling to Rs 25,000
The Union Cabinet has approved an increase in the mandatory wage ceiling for Employees' Provident Fund Organisation (EPFO) coverage from Rs 15,000 to Rs 25,000 per month. This move, the first revision in 12 years, is set to extend social security benefits to over 51 lakh additional employees and reflects sustained wage growth and formal employment expansion.
UPI Fees, GDP Methodology Draw Opposition Fire
Opposition MPs have voiced strong criticism against the government's new fee on UPI payments exceeding Rs 2,000 to merchants, calling it anti-people and expressing widespread outrage. The issue was raised in a Parliamentary Standing Committee meeting, where concerns were also flagged regarding the methodology of GDP growth calculation and the government's stance on Virtual Digital Assets.
NSE IPO: Every Rs 10 move in shares could swing Radhakishan Damanis wealth by nearly Rs 40 crore
Radhakishan Damanis 1.58% stake in NSE could see its value swing by nearly Rs 40 crore for every Rs 10 move in the exchanges share price after listing. His 3.91 crore shares are valued at around Rs 6,980 crore at the upper IPO price band of Rs 1,785.
Japan stocks recover as lower oil prices ease market pressure
The Nikkei 225 rose 0.69% to close at 63,923, while the broader Topix gained 0.61% to 4,062. The market reversed earlier losses as falling oil prices reduced some pressure on equities.
China stocks rise on trade hopes and AI gains
The Shanghai Composite gained 0.71% to close at 3,891.6, while the Shenzhen Component rose 1.26% to 13,454.7, recovering from the previous sessions losses.
Retailers Express Concern Over New UPI MDR Charges
The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.
Kopran soars 10%, rallies 154% in FY27 so far; what's driving pharma stock?
Kopran share price: Average volumes on the counter more than doubled with a combined 13.12 million shares having changed hands on BSE and NSE.
The debate over UPI transaction fees reignites as the government announces merchant charges on transactions over 2,000. Here's what some industry leaders said about the move.
Nifty Midcap 150 drops 20%-plus once every 4.2 years, shows 21-year data
Despite the recurring volatility, the data makes a case for staying invested
India's Cement Industry Faces Oversupply Risk, Pricing Pressure
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
Cabinet raises PF wage ceiling to Rs 25,000 from Rs 15,000
The government has increased the provident fund wage ceiling to Rs 25,000 monthly. This significant move aims to expand social security coverage for many employees. The administration will allocate approximately Rs 11,339 crore annually for this initiative. Broader coverage will offer employees greater financial stability and aid retention. Union minister Ashwini Vaishnaw announced this decision at a Cabinet briefing.
Gold outlook hinges on Fed signals; metal could test $4,200: Kotak Sec
In August, Treasury more than doubled its bond repurchase operations from $2 billion to at least $4 billion per operation
Gold mining stocks offer better returns than bullion: Rational Equity Asset Management
1 lakh invested in gold mining equities returned 278% since August 2023, compared to 153% for Indian gold ETFs and 130% for physical gold over the same period: Report
BMW Ventures climbs after securing Rs 73 crore orders from Tata Projects
BMW Ventures rose 4.48% to Rs 53.92 after the company secured two purchase orders worth Rs 72.94 crore from Tata Projects.
Divis Laboratories Ltd down for fifth straight session
Divis Laboratories Ltd is quoting at Rs 9108.5, down 0.97% on the day as on 13:19 IST on the NSE. The stock jumped 50.52% in last one year as compared to a 8.14% slide in NIFTY and a 17.48% spurt in the Nifty Pharma index.
Piramal Pharma Ltd drops for fifth straight session
Piramal Pharma Ltd is quoting at Rs 202.53, down 0.46% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 17.48% lost in the Nifty Pharma index.
Hindustan Copper Ltd slips for fifth straight session
Hindustan Copper Ltd is quoting at Rs 482.15, down 2.02% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 28.73% lost in the Nifty Metal index.
NLC India Ltd drops for fifth straight session
NLC India Ltd is quoting at Rs 258.4, down 1.02% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 4.85% lost in the Nifty Energy index.
NTPC Green Energy Ltd slips for fifth straight session
NTPC Green Energy Ltd is quoting at Rs 85.6, down 0.3% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 4.85% lost in the Nifty Energy index.
Indices trade higher; realty shares plunge
At 14:25 IST, the barometer index, the S&P BSE Sensex jumped 312.79 points or 0.43% to 74,323.02. The Nifty 50 index added 117.65 points or 0.51% to 23,236.25.
Capri Global Capital launches Vyapar Mahotsav - a 4-day gold loan promotion
Capri Global Capital announced the launch of Vyapar Mahotsav', a four day, pan-India gold loan promotional offer aimed at providing customers with convenient and cost-effective access to funds against their gold assets, with added benefits.
IPO GMP check: LCC Projects leads, Manipal Payment may see tepid listing
Among the six IPOs listing on Thursday, LCC Projects has the highest GMP at 46.
DCC to be wound up after satcom spectrum approval: Report | What we know
The government is set to wind up the 37-year-old Digital Communications Commission after it approved most of TRAI's satcom spectrum recommendations. The move comes amid an overlap in DoT roles and changes to the telecom department's budget process.
Global Market: European shares recover as oil rally pauses ahead of Fed decision
European shares recovered after two sessions of losses as a pause in oil prices eased pressure on risk assets ahead of the Federal Reserve's policy decision. Banks led gains, while investors tracked bond yields, inflation concerns and geopolitical developments.
JM Financial sees up to 28% upside in Dr Reddys and Aurobindo Pharma. Should you buy?
JM Financial retained Buy ratings on Dr Reddys Laboratories and Aurobindo Pharma, seeing up to 28% upside over the next 12 months. The brokerage expects stronger earnings growth, business diversification and new product launches to support both drugmakers.
New UPI charges: what changes for your QR payments, SIPs and mutual fund investments
While the new MDR introduces another cost for UPI investments, a mutual fund investor will not directly pay the fee or see it deducted from the investment amount.
Rossell Techsys shares zoom 101% in six months, hit new high; here's why
With diversified presence across defense, commercial aerospace and space programs, Rossell Techsys is well positioned to capitalize on these long-term growth drivers.
SC declines to interfere with Delhi HC order in NSE co-location case
The Supreme Court has refused to quash proceedings under the Prevention of Corruption Act against former NSE MD and CEO Chitra Ramkrishna, stating that the trial court will determine whether she can be considered a 'public servant' under the Act.
Gold hallmarking fee hiked to 75 from 45: What it means for jewellery buyers ahead of festive season
BIS has raised the hallmarking fee for gold jewellery to 75 per article from 45, while keeping the silver fee unchanged at 35, effective 14 September 2026. The increase comes ahead of the festive season, but it does not automatically mean buyers will pay 30 more for every gold jewellery article.
NSE IPO: Is India's top exchange a must have in portfolio? Analysts answer
NSE IPO will open for bidding on September 17 and close on September 21, looking to raise 22,562 crore.
Volume Shocker: MFs added 1 crore+ shares to 8 stocks in August '26; rally up to 30%
Mutual funds raised holdings in several stocks in August, with eight companies combining strong institutional accumulation and gains of up to 30% since the beginning of the month.
Opposition MPs Criticise UPI Merchant Fee Decision
Opposition MPs have voiced strong concerns regarding the government's decision to levy a 0.4 per cent fee on UPI payments above Rs 2,000 made to merchants, effective October 15. They argue that this anti-people move will negatively impact a large segment of the population, despite the finance ministry clarifying that the charge is on the merchant ecosystem and not directly on customers for P2P or small payments.
Nifty holds above 23,250 level; European shares trade mostly in green
The benchmark indices traded near the day's high in afternoon trade, tracking positive cues from Asian markets as the recent rally in crude oil prices paused. Investors remained cautious ahead of the US Federal Reserves policy meeting later today. The Nifty surged above the 23,250 mark, indicating some recovery in market sentiment.
How much of the current market movement is linked to the CLARITY Act vote?
Crypto markets weakened after the US Senate failed to advance the CLARITY Act, but the selloff came amid a broader risk-off environment. Bitcoin fell around 3-4%, while crypto-linked equities saw sharper declines. The regulatory setback added pressure, but elevated bond yields, oil prices and macroeconomic uncertainty also weighed on sentiment.
The US Federal Reserve is widely expected to raise interest rates for the first time in three years, as persistent inflation, higher oil prices and rising bond yields add to pressure on policymakers. The move could have implications for Indian equities, the rupee, bond yields, gold and foreign investor flows, with the Feds forward guidance likely to remain crucial.
Tata Steel, HDFC Bank and RIL among JioBlackRock MFs top 10 stock holdings in August
The fund house had its highest allocations to two bank stocks, HDFC Bank and ICICI Bank, at around 5.54% and 4.97%, respectively, of equity AUM.
NPCIs new UPI MDR framework from 15 October will impose a 0.4% charge on select merchant transactions above 2,000, but consumers will continue to make UPI payments for free. NPCI has also clarified that there will be no monthly cap or platform fee for users.
Equitas SFB board approves proposal to raise up to Rs 500 crore via private NCD issue
Equitas Small Finance Bank said that its board has approved a proposal to raise funds aggregating to Rs 500 crore through the issuance of non-convertible debentures.
Jindal Supreme IPO opened on September 16 with the issue subscribed 2.10 times on Day 1. The Rs 124.88 crore issue has a price band of Rs 88Rs 93, while the IPOs grey market premium stands at around 29%.
Paytm shares surge on UPI fee; other fintechs pare gains
Shares of fintech firms, particularly Paytm, saw significant movement after the Indian government introduced a 0.4 per cent fee on UPI transfers exceeding Rs 2,000 made to merchants, effective October 15.
UPI Transactions Above Rs 2,000 To Incur MDR
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
Power capex stocks such as GE Vernova T&D India, CG Power, Hitachi Energy and TD Power Systems fell up to 16% over two sessions amid growing caution around AI development. The stocks had rallied sharply in 2026 on expectations of rising power demand from Indias data centre boom, making them vulnerable to sentiment shifts.
Sensex, Nifty hold morning gains at midday; IT drags as metals, FMCG shine ahead of Fed call
Broader market breadth on the BSE painted a cautious picture. Of 4,358 stocks traded, 2,331 declined against 1,791 advances, with 236 unchanged.
GST Council Meet: What Businesses Want!
Industry is pushing for GST reforms that would let companies use unused tax credits from one state to pay GST liabilities in another, potentially freeing up working capital trapped across state registrations.
NSE to launch IPO amid investor caution over derivatives-fuelled growth
Price band of 1,700-1,785 values bourse at $46 billion, below earlier private-market indications
Global Market: Hong Kong unveils first five-year plan, targets bigger push into technology
Hong Kong has unveiled its first Five-Year Plan through 2030, targeting higher innovation spending and greater investment in AI, robotics, microelectronics and advanced manufacturing. The strategy also focuses on the Northern Metropolis and deeper technology and economic integration with mainland China.
Fintech Stocks React To New UPI Merchant Charges
The Indian government has introduced a 0.4% fee on UPI transfers above Rs 2,000 made to merchants, effective October 15, ending nearly six years of free merchant payments. This move led to initial rallies in fintech stocks like Paytm and Mobikwik, though some later pared gains. Person-to-person transactions and small payments remain free for customers, with the fee being a Merchant Discount Rate (MDR).
SEBI said to ease arbitrage fund rules to aid closing auctions
SEBI has allowed arbitrage mutual funds to temporarily carry unhedged positions of up to 1% of their plans, aiming to improve liquidity in the struggling stock closing auction. Arbitrage funds held combined assets of Rs 3 trillion at the end of August.
AU Small Finance Bank vehicle loan portfolio crosses Rs 50,000-crore mark
Achieving a remarkable milestone, AU Small Finance Bank's vehicle loan portfolio exceeded Rs 50,000 crore in assets under management by August 2026. Since its inception in 1996, the bank has expanded its reach, assisting over 13.7 lakh customers nationwide. This segment not only leads AU SFB's lending activities but also represents a vital growth avenue, enhanced by the integration of cutting-edge analytics and automation.
Mint Explainer| Why Indian Railways is betting on new public-private partnership models?
Indian Railways has a massive investment requirement at a time when its internal revenue generation has remained largely stagnant. Will the new models help it overcome challenges?
PV Exports Down 17% in August, Domestic Sales Hit Record High
India's passenger vehicle (PV) exports saw a 17 per cent year-on-year decline in August, contrasting sharply with a 36.5 per cent surge in domestic dispatches, which reached a record high for the month as automakers prepared for the festive season.
RBI poised for rate hikes as inflation crosses 6%
Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.
Zerodha CEO Nithin Kamath said the new UPI MDR framework may not make economic sense for investing and broking, where customers can transfer funds without trading. He said brokers may struggle to absorb the costs indefinitely, particularly under quarterly settlement rules, and suggested a lower MDR with a transaction-level cap.
HDFC Bank shares trade flat after rising in previous session
The stocks movement comes after HDFC Bank soared nearly 3% before close in the previous session following the banks move ahead with its CEO succession process
Chipotle stock slides 6%: Whats behind the selloff?
Chipotle shares fell nearly 6% on Tuesday, underperforming major restaurant peers. Broader market weakness, concerns over restaurant traffic, consumer spending and profit-taking weighed on investor sentiment.
US Market: Feds Warsh faces tough rate call as inflation remains sticky
Federal Reserve Chair Kevin Warsh is under pressure to balance persistent inflation with calls from President Donald Trump for lower or unchanged interest rates. Markets expect the Fed to raise rates at Wednesdays meeting as inflation remains above its 2% target. The Feds preferred inflation gauge rose to 3.7% in July from 2.3% in April 2025, while core inflation increased to 3.3%, reinforcing concerns over continued price pressures.
Quant Mid Cap Fund exits ICICI Bank, 2 others and adds 5 stocks in August
Quant Mid Cap Fund exited ICICI Bank, Ambuja Cements and L&T Technology Services in August, while adding six stocks including IDBI Bank, Concor and Sona BLW Precision Forgings. The fund also increased exposure to three stocks and maintained holdings in 16 stocks.
Solar Industries defence share may fall to 22-25% by FY30 after Omnia deal: Jefferies
Solar Industries Omnia acquisition could reduce the defence segments revenue contribution to 22-25% by FY30, Jefferies said, while agriculture and explosives gain a larger share. The brokerage expects near-term EPS dilution and higher leverage but retained its Buy rating, citing potential earnings growth of over 30% and ROE above 25%.
Global Market: Japan bond yields rise as inflation concerns build ahead of Fed decision
Japanese government bond yields extended their rise as higher oil prices and Middle East tensions fuelled inflation concerns. Longer-dated JGB yields also climbed, while investors awaited the US Federal Reserves interest-rate decision and assessed Japans fiscal policy outlook.
From October 15, MDR will apply to select UPI person-to-merchant payments above Rs 2,000, but not to all such transactions. UPI AutoPay and mandates will be treated separately, while mutual funds and capital-market payments will attract a lower MDR. Importantly, the charge will be borne by merchants, not customers, raising questions over its impact on SIPs and stock investments.
All about UPI charges: Will merchants pass on MDR to customers?
The Indian government has introduced a 0.4 per cent Merchant Discount Rate (MDR) on UPI payments exceeding Rs 2,000 made to merchants, effective from October 15, with a comprehensive framework set to take full effect by October 15, 2026. This policy aims to regulate transaction fees while protecting small merchants and person-to-person transactions.
Global Market: China, Hong Kong shares rise as tech stocks gain ahead of Fed decision
Chinese and Hong Kong equities rose on Wednesday, led by technology stocks as investors awaited the US Federal Reserves interest-rate decision. The Shanghai Composite gained around 0.6%, while the Hang Seng and Hang Seng Tech Index also advanced. Rising Treasury yields, oil prices and inflation concerns kept investors cautious.
Tech utility spends: AI Pro tools and extra storage are becoming regular outflows
AI tools and cloud storage are emerging as a new category of recurring household spending, but experts say users should regularly assess their utility, avoid overlapping subscriptions and protect personal data.
Volumes soar at Tata Chemicals Ltd counter
Tata Chemicals Ltd clocked volume of 5.15 lakh shares by 10:45 IST on BSE, a 13.42 times surge over two-week average daily volume of 38377 shares
Can Food Prices Cool Before 2026 Ends?
'I don't really expect the August increase in food prices, which was close to 6 per cent, to persist as we go close to the end of this year.'
A Mumbai ITAT ruling has deleted a 23.94 lakh penalty imposed on a taxpayer who had omitted 38.37 lakh of cash deposits from his original ITR but disclosed the income during scrutiny and paid the tax due.
'Inevitable, more competition': Nithin Kamath backs UPI MDR but flags cost burden for brokers
Nithin Kamath, Zerodha co-founder, backed Merchant Discount Rate (MDR) on UPI, calling it inevitable and saying it could boost competition. But he flagged the cost burden on brokers, suggesting a 0.02% MDR capped at 5-10, rather than 300.
Sensex rises 400 points, Nifty nears 23,250 as investors await Fed meeting outcome. What to expect?
Sensex and Nifty rebounded around 0.5% on Wednesday after Tuesday
Hero Motors IPO Day 1: Check subscription status, GMP at 23%. Should you subscribe?
Hero Motors IPO opened for subscription on September 16 and was subscribed 17% on Day 1. The Rs 1,000 crore issue has a grey market premium of 23%, while brokerages cite its automotive technology portfolio and long-term growth potential.
Traders brace for prolonged India bond slump as RBI mops up excess cash
Bond traders expect yields to rise as the RBI drains excess liquidity amid higher oil prices, rising inflation and heavy government debt supply
Do you pay tax on credit card cashback, referral bonus or old phone sale? Explained
Credit card cashbacks, referral bonus or proceeds from selling an old phone online may all put money or benefits in your hands but the tax rules differ. Here's all you need to know.
India trade gap shrinks to five-month low as exports jump over 26% in August
Indias merchandise exports surged 26.12 per cent to USD 43.81 billion in August, driven by a jump in electronics, engineering and petroleum product shipments, while a dip in gold imports helped narrow the trade deficit to a five-month low of USD 26.86 billion. Imports rose by 14.1 per cent year-on-year to USD 70.76 billion in August due to growth in sectors such as crude oil, project goods, electronic items, silver, coal and coke. Gold imports dropped by 57.75 per cent to USD 2.3 billion during the month under review.
Govt clarifies that UPI payments of up to 2,000 rupees to remain free of bank charges
Government has clarified that there will be no charges at all for person-to-person (P2P) UPI transactions, irrespective of the amount transferred. Finance Ministry said that payments to merchants up to two thousand rupees, along with transactions covered under the zero Merchant Discount Rate (MDR) framework for small merchants, will also remain free. The Ministry said that consequently, approximately 96 percent of all P2M transactions will remain unaffected. It said that MDR will apply only to specified merchant transactions above two thousand rupees. The Ministry said that MDR is neither a tax nor a charge collected by the government or the National Payments Corporation of India (NPCI). It is distributed among payment ecosystem participants, including banks and payment application providers, to support the operation and continued expansion of the UPI ecosystem. NPCI has said that a revised UPI Merchant Discount Rate framework has been introduced on select merchant transactions, ...
Godavari Biorefineries receives Chinese patent for use of compounds for treatment of viral infection
The invention relates to the use of compounds for inhibiting V-ATPase activity in cells and further discloses their use in the manufacture of medicaments for the treatment of viral infections.
Dalal Street faces pressure from rising US bond yields and expectations of a Federal Reserve rate hike, raising concerns over equity valuations and foreign flows. However, analysts say the impact may depend on earnings growth, currency movements and global liquidity, with some arguing that higher yields need not necessarily trigger a sharp market correction.
What will happen to investors on digital broking platform? INDmoney CEO responds to UPI MDR charges
What would it cost to run an investment app that adds 200 crore to wallets for stock and derivative trading / invested into mutual funds every day? INDmoney CEO explains
Medical device industry backs Tukaram Mundhe's call for review of pricing rules
Maharashtra FDA commissioner Tukaram Mundhe has written to the Department of Pharmaceuticals and the NPPA, urging regulators to cap trade margins or bring essential device categories under structured price monitoring.
Decline in INR partially offset by positive start to local equities
The Indian rupee fell 3 paise to 95.91 against the US dollar in early trade on Wednesday, facing pressure from a strong American currency and outflow of foreign funds. Positive domestic equity markets, however, supported the local currency, even as crude oil prices remained elevated amid heightened tension in West Asia. Indian shares were modestly higher on Wednesday after falling sharply in the previous session on concerns over rising oil and U.S. bond yields amid escalating Middle East tensions. Underlying sentiment remained cautious somewhat ahead of the U.S. Federal Reserve's interest-rate decision later in the day, with markets pricing in a 92.4 percent chance of a 25-bps rate hike. The benchmark 30-share BSE Sensex was up 242 points, or 0.3 percent, at 74,246 while the NSE Nifty index edged up by 57 points, or 0.3 percent, to 23,175. At the interbank foreign exchange market, the rupee opened at 95.89 against the US dollar and fell further to 95.91, trading 3 paise lower from ...
Solar Industries shares plunge 17% in 2 days. Why Jefferies, Nuvama still see up to 46% upside
Solar Industries shares have plunged over 17% in two sessions following the Rs 12,951 crore acquisition of South Africas Omnia Holdings. Despite the sharp correction, Jefferies and Nuvama retain Buy ratings, citing the companys earnings growth potential, strong cash flows and strategic benefits from the acquisition and global expansion.
NSE IPO: 'Demand Is Unexpectedly Large'
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
UPI MDR bonanza: Why Paytm may win bigger, but Pine Labs could gain faster
Paytm and Pine Labs stand to benefit from the new UPI MDR framework, but the impact could differ sharply. Paytm has a larger absolute revenue opportunity, with analysts estimating FY28 UPI MDR revenue of up to Rs 1,160 crore, while Pine Labs could see a bigger impact on earnings and profitability.
Amazon AI chip deal gives Qualcomm stock a boost
Qualcomm shares climbed after the chipmaker announced a multi-generational AI data-centre collaboration with Amazon. The deal strengthens Qualcomms diversification beyond smartphones, with the company targeting significant data-centre revenue growth through AI chips and connectivity solutions.
US stocks ease further as market eyes Fed decision
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Park Group undertakes O&M of 300-bed Axis Hospital and Research Centre, Kanpur
Aggarwal Hospital and Research Services, a wholly owned subsidiary of Park Medi World, has today, 16 September 2026, entered into operation and management agreement with Axis Educational Society (AES) for operating and managing a 300-bed multi-super speciality hospital, namely Axis Hospital and Research Centre located in Kanpur, Uttar Pradesh, for a term of 28 years.
Lords Mark Industries completes Phase 1 expansion of Silvassa facility
Lords Mark Industries has successfully completed Phase I of its expansion plan at its Silvassa facility, nearly three months ahead of its originally committed December 2026 timeline. The newly expanded production line is scheduled to commence commercial operations from 11 October 2026.
MFs raise healthcare bets for 4th straight month to 71-month high. Should investors follow?
Mutual funds raised their healthcare allocation for the fourth straight month in August 2026 to 8.4%, the highest in 71 months. Experts attribute the increase to resilient demand, earnings visibility, structural growth and opportunities in hospitals, specialty pharma and healthcare outsourcing. However, they caution investors against chasing the rally and suggest focusing on valuations, earnings quality and long-term prospects.
Paytm wins, but ATM also wins! Why CMS Info Systems shares jumped 7% on UPI MDR
CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000, making the company a potential direct beneficiary. From October 15, merchants will pay 0.4% MDR on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more.
Kanohar Electricals stock zooms 24% above IPO price on listing day
Analysts expect some profit booking may occur, with a stop loss of 650
