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US stocks: US market ends sharply higher as AI optimism reignites and Treasury yields retreat
Stock markets surged on Monday, driven by impressive gains from leading AI companies such as Advanced Micro Devices. Meanwhile, Treasury yields pulled back from their recent highs and crude oil prices fell to an eleven-day low. Meta's shares skyrocketed after analysts adjusted their price targets post the introduction of its new AI assistant.
Small-cap mutual funds: How large- and mid-cap exposure differs across schemes; check 1-year returns
Small-cap mutual funds must invest at least 65% in small-cap stocks, but their remaining portfolios can differ. Heres how top 10 schemes compare on large- and mid-cap exposure and what their one-year returns show.
Bandhan Bank promoter to gradually reduce stake to meet RBI norms
Bandhan Financial Services will reduce its stake in Bandhan Bank gradually. The promoter aims to comply with RBI regulations by 2030. Recent share sales occurred on the open market, lowering holdings. A proposed stock split will divide shares to attract retail investors. Shareholders will review this plan at the upcoming annual general meeting.
Government may do away with UPI subsidies as MDR revenue kicks in
Government may end UPI subsidies for small transactions as merchant fees are introduced. Taxpayer-funded incentives for UPI and RuPay transactions are being phased out. No new subsidies have been paid for transactions since April 2025. This shift aims to make the payment ecosystem self-sustaining and reduce taxpayer burden. Incentive disbursements have significantly decreased in recent fiscal years.
Govt urges bank employees to refrain from strikes, resolve issues through dialogue
The Finance Ministry urged bank employees to resolve demands through dialogue and avoid strikes. Most union concerns have been addressed, and welfare measures are being introduced. A three-day strike is planned from September 28, impacting banking services. This strike coincides with the half-yearly closing of the banking sector. The government remains committed to employee welfare and constructive engagement.
UPI payments for mutual fund and other capital-market transactions will attract a 0.02% MDR from October 15, capped at 300 per transaction. While the charge is meant to be borne by merchants, experts explain how investors could be affected if it is passed on.
Investors upbeat on hawkish Fed fighting inflation but remain wary of crude oil prices and AI risks
Federal Reserve's hawkish stance combats inflation, boosting investor optimism for markets. Oil prices remain elevated, which complicates stabilization efforts for rates and equities. Strong earnings growth and contained credit spreads support US equity fundamentals despite volatility. Investors are cautious about artificial intelligence spending and future investment returns. The prospect of a year-end rally persists, though the path forward presents challenges.
The Richest Man in Babylon by George S. Clason offers timeless financial lessons through ancient parables.
Landmark NSE IPO threatens to hollow out Dalal Streets shadow market
With the National Stock Exchange preparing for its listing, India's primary market is poised for significant enhancement. The landmark IPO is anticipated to trigger a marked decrease in the flourishing unlisted shares market, compelling platforms involved in these trades to identify alternative investment prospects.
Having 1 crore offers a range of spending options, but setting clear financial goals is crucial. Split the amount for essential expenses, emergencies, investments for growth and personal enjoyment.
Is UPI still the most affordable digital payments tool? Today we take a look at what the NCPI's FAQ document states about how merchant discount rate (MDR) charges on UPI transactions compare to fees on traditional debit and credit cards.
SP Group bonds offered at premium on Tata Sons stake-sale plan: Report
SP Group entity Eqyizen Investment had raised 213.50 billion rupees through three-year zero-coupon bonds at a yield of 18.95% in July.
India-New Zealand FTA will come into force on 20 October 2026, lowering or removing import duties on several products. From kiwi and apples to Manuka honey, heres what could get cheaper for Indian consumers and which products will remain excluded.
98% transactions to remain unaffected by MDR on UPI: HDFC Securities
Platinum Jasmine A 2018 Trust sold 2 per cent stake in Lenskart Solutions through a block deal on Monday, worth about 2,391 crore
Varmora Granito raises 212.4 crore from anchor investors ahead of IPO
The Rajkot-based tiles and bathware maker has set its IPO price band at 140-148 per share for the September 22-24 issue
ADIA sells 2.01% stake in Lenskart Solutions for 2,390 crore
The stake sale reduces ADIAs interest in the eyewear retailer, following SoftBanks 2,873-crore divestment earlier this year.
AMD briefly tops $1 trillion market cap as AI push fuels record rally, shares up 9%
Advanced Micro Devices briefly crossed one trillion dollars in market capitalization. This milestone placed AMD among elite chipmakers reaching this valuation. The company's shares saw a significant increase following this achievement. AMD is now considered Nvidia's closest competitor in graphics processing units. This event highlights the growing importance of AI computing in the semiconductor industry.
Residents of a Ghaziabad society protested against short-term rentals, alleging safety concerns, disturbances and unregistered occupants. Check what the UP Homestay and B&B Policy 2025 says.
Rupee gains for third day as crude eases, but volatility persists
The rupee strengthened for a third straight session to 95.8150 against the dollar as Brent crude eased to $101.5 a barrel. However, dollar outflows, importer demand and geopolitical tensions limited gains, with analysts expecting continued volatility amid Middle East conflict and tariffs.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities gained on Monday as cooling oil prices and positive global cues lifted sentiment. Sensex rose 564 points to 74,859, while Nifty gained 68 points to 23,414. Market capitalisation increased nearly Rs 2 lakh crore, despite mixed market breadth.
Delhis Pink Saheli Smart Card will be mandatory for free DTC and Cluster bus travel from 1 October. Eligible women and transgender residents aged 5+ can apply using Aadhaar and a linked mobile number. Here's how to get the card, its cost, and its validity.
Himachal Pradesh and central government pensioners in Shimla staged a protest on Saturday, demanding withdrawal of the Centre's 2025 pension validation legislation. They are seeking uniform revision of pensions irrespective of the date of retirement.
Smart ring maker Oura, shareholders look to raise up to $2.2 billion in US IPO
Smart ring maker Oura plans to raise up to $2.2 billion in its US initial public offering. Eli Lilly and Dragoneer have indicated interest in purchasing shares in the offering. Oura and some existing investors will sell 50 million shares priced between $40 and $44. The company makes a smart ring that tracks key health indicators like heart rate and sleep.
Govt urges bank staff to call off 28-30 September strike, flags five-day disruption
The proposed strike, which follows a one-day nationwide strike on 11 September, would coincide with the half-yearly closing of banks on 30 September, disrupting customer and government transactions.
Tata Capital growth outlook stays positive despite near-term headwinds
Retail and SME momentum supports Tata Capital's 23-25 per cent growth guidance, though funding costs, high crude prices and proposed RBI rules remain key risks.
RNFI Money gets RBI approval to undertake cross-border trade remittances
RNFI Money, a wholly owned subsidiary of RNFI Services, has received RBI approval to undertake cross-border trade remittances. The licence will allow it to expand regulated foreign exchange, remittance and trade-payment services through RNFIs existing last-mile network, alongside the parent companys recent in-principle authorisation to operate as a Payment AggregatorPhysical (PA-P). The company said the licence has perpetual validity.
Pine Labs block deal: Mastercard Asia may divest 4.3% equity worth Rs 892 crore
Mastercard Asia Pacific may sell up to 49.7 million Pine Labs shares, representing 4.3% of the fintech company, through a Rs 892.5 crore block deal. Priced at Rs 179.50 per share, the secondary sale is scheduled for September 22.
Tax audit for AY 2026-27: Key changes in Form 3CD you should know before 30 September deadline
Tax audit for AY 2026-27 must be completed by 30 September 2026. Forms 3CA, 3CB and 3CD continue to apply, but Form 3CD has several changes covering MSME payments, loans and deposits, legal contraventions, buybacks, and other reporting requirements.
The Reserve Bank of India has issued revised market risk capital requirements for commercial banks, aligning Indian regulations with Basel III standards. Banks must adopt the framework by April 1, 2027. The directions revise rules for trading books, foreign exchange risk, interest rate risk, debt funds and credit derivative hedges.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US governments debt burden, warning that such a move could fuel inflation and raise borrowing costs. He said the debate reinforces the importance of Federal Reserve independence.
Strong profit growth prompted Moneyview to reduce IPO size: MD & CEO Agrawal
Moneyview reduced its public offer to Rs 1,092 crore from Rs 1,500 crore. This decision stems from robust profit growth and adequate internal cash generation. The company fixed its price band at Rs 32-34 per equity share for the IPO. The IPO comprises a fresh issue and an offer for sale by existing shareholders. Proceeds will fuel lending business growth and new product development.
RBI issues norms on capital requirements for market risk under Basel III for banks
As of April 1, 2027, banks are prohibited from reclassifying instruments to achieve lower capital requirements under the new market risk guidelines that align with the updated Basel III framework. This transition will see banks adopting a simplified standardized approach for determining risk-weighted assets, along with revisions to interest rate risk tables and the treatment of debt funds.
Tata Motors Passenger Vehicles allots 1 lakh equity shares under ESOP
Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased to Rs 7,36,64,61,785 divided into 3,68,29,92,140 equity shares of Rs 2/- each (considering the amount of subscribed share capital plus shares forfeited less calls in arrears).
NSEs options-heavy revenue mix in focus ahead of listing
Weekly index options alone contribute 46% of operating revenue; lower volumes and BSEs gains add to the pressure
US stocks: US stocks rise as AI stocks rally, oil tumbles over 3% on Middle East hopes
Wall Street indexes climbed on Monday, propelled by a surge in artificial intelligence stocks. Easing Treasury yields and declining crude oil prices alleviated some pressure on the market. Investor attention shifted towards increasing technology expenditures, enhancing corporate profit forecasts. Additionally, advancements in diplomatic negotiations and hopeful prospects for trade agreements contributed to a positive market atmosphere. Bitcoin's increase also suggested a renewed risk appetite among investors for the day.
US stocks: Wall St opens higher as AI stocks advance, oil slides
US stocks opened higher as AI shares rallied, Treasury yields retreated and oil fell to an 11-day low.
Onward Technologies secures 3-year renewal of managed digital services contract
Onward Technologies announced the renewal of a multi-year Managed Digital Services contract with increased scope valued at Rs 44.46 crore with one of the world's leading manufacturers of construction and mining equipments. The contract tenure extends from August 2026 to August 2029.
Pace Digitek arm receives BESS order worth Rs 488.46 cr
From NTPC GE Power Services
Share India Securities board approves investment of Rs 120 cr in proposed new subsidiary
At meeting held on 21 September 2026
Suryoday Small Finance Bank board approves raising Lower Tier II capital of Rs 400 cr
At meeting held on 21 September 2026
NSE IPO receives $10 billion in bids after being subscribed 5.7 times
NSE's $2.3 billion IPO was subscribed 5.7 times by the end of the final day of bidding on Monday as investors bet on continued equity market growth in Asia's third-largest economy.
Vedanta Aluminium emerges as second-largest SEZ goods exporter
It contributed $3.5 billion in exports in 2025-26, that translates to 6% of Indias total SEZ goods exports, says the company
If youre invested in Nifty 50 index funds, REITs could offer a different asset exposure. Their positive returns and higher distributions over the past year highlight how REITs could add diversification to an equity-heavy mutual fund portfolio.
Oil & Natural Gas Corporation strikes gas in Mahanadi Basin
Oil & Natural Gas Corporation (ONGC) on 18 September 2026 struck gas at deepwater well MN-DW18-1-H-D in the Mahanadi Offshore Basin, off the Odisha coast, under the Samudra Manthan initiative. The well drilled to a target depth (TD) of 1,623 metres recorded the gas strike at 1,441-1,452 metre interval.
Raymond Realty appoints Salil Bawa as Group Head - Investor Relations
Raymond today announced the appointment of Salil Bawa as Group Head, Investor Relations for Raymond Group to lead investor engagement and capital-markets strategy across its listed entities. He will be on the roll of Raymond Realty.
Rural MF investor growth stalls as weak equity market returns take toll
Semi-urban and rural areas added just 1.3 million MF investors in FY26, down from 6.1 million in FY25, while additions in Tier II cities more than doubled
With the rise of AYUSH health insurance in India, Ayurveda treatment is becoming more accessible. Medical necessity and recognised hospitals are key for claims while inpatient care is typically covered.
Kirloskar Ferrous Industries appoints Ajay Patil as Joint Managing Director
With effect from 21 September 2026
Neogen Chemicals raises Rs 600 cr via QIP issue
Neogen Chemicals has successfully completed its first-ever Qualified Institutions Placement (QIP) of equity shares. The issue was oversubscribed by more than 6.5x and raised approximately Rs 600 crore.
Apeejay Surrendra Park Hotels appoints Manish Bhagat as CFO
Bhagat brings over 20 years of significant experience in finance across diverse sectors, including hospitality, retail, engineering, aviation and aerospace. Prior to joining ASPHL, he served as Vice President - Finance at SAMHI Hotels Limited following earlier leadership roles at Devyani International, AirWorks Engineering, and InterGlobe Aviation (IndiGo). Over the course of his career, he has built extensive expertise in financial planning and control, strategic financial management, treasury management, refinancing activities, cost optimization, audits, due diligence controls and digital finance transformation.
AIF commitments rise 24% to 17.53 trillion as of June 2026: Sebi data
AIF commitments rose nearly 3.5 per cent from March and 23.6 per cent year-on-year, while total investments crossed Rs 7 trillion for the first time
Accordingly, the Reserve Bank of India has today issued the Reserve Bank of India (Commercial Banks - Minimum Capital Requirements for Market Risk) Directions, 2026. The Directions aim to align the market risk guidelines with the revised Basel III framework, as part of RBI's adoption of the Basel standards, while ensuring simplicity of regulations, and providing flexibility, and ease of adoption. The Directions will take effect from April 1, 2027, ensuring sufficient lead time for banks.
Crypto outlook: Why RWA utilization may matter more than issuance, Binance Research explains
Real-world asset tokenization is shifting from issuance toward utility, with RWA AUM reaching $34.18 billion by September 15, 2026. Binance Research highlights rising utilization, as liquidity, lending and collateral applications increasingly determine whether tokenized assets become financially active on-chain.
Gulshan Group, Ourika Estates to invest Rs 750 cr on 2 new housing projects
Gulshan Nagpal, Promoter of Gulshan Group, said the association with Ourika Estates is a step towards creating a larger portfolio of premium, future-ready residential projects.
India bonds end slightly higher, rate hike bets cap major move
The RBI sold bonds worth 250 billion rupees ($2.61 billion) earlier in the day, with the cut-off yields below market estimates, indicating a rising demand for these securities.
Sonaselection India IPO subscribed 2.01 times
The offer received bids for 2.01 crore shares as against 1 crore shares on offer.
National Stock Exchange of India (NSE) IPO subscribed 5.68 times
The offer received bids for 50.38 crore shares as against 8.86 crore shares on offer.
Income plus arbitrage mutual funds: ICICI Pru tops 1-year returns at over 6%; know the portfolio mix
Income Plus Arbitrage FoFs combine debt and arbitrage exposure through underlying mutual fund schemes. Here's a look at the top five performers by 1-year returns and what the categorys portfolio mix looks like.
Billionaire industrialist and BJP MP Naveen Jindal's bungalow in Delhi is 100 years old. It is the perfect example of modern design meets Indian warmth. Take a look.
ET Alpha Wealth Summit 2.0: Mapping global capital flows to identify the next big opportunity
Global capital is constantly shifting across markets, sectors and asset classes as investors respond to growth, interest rates, valuations and geopolitical risks. ET Alpha Wealth Summit 2.0 will explore these shifts with Nilesh Shah, examining where global money is moving, what it means for India and how investors can identify emerging opportunities.
Sensex, Nifty rise for fourth straight session as easing crude oil prices lift sentiment
Nifty 50 ends at 23,414.30, up 0.29%, while Sensex gains 0.76% to close at 74,858.99
Selling an inherited overseas property? Heres how India taxes the gain
An India resident selling an inherited Singapore property may face capital gains tax in India, with the acquisition cost and holding period linked to those of the previous owner.
INR rebounds as oil prices retreat from their elevated levels
The Indian rupee appreciated 15 paise to close at 95.81 (provisional) against the US dollar on Monday as crude oil prices retreated from their elevated levels on improved global risk sentiment amid expectations of diplomatic talks between the US and Iran. The Indian rupee firmed on weak crude oil prices amid hopes of diplomatic talks between the US and Iran. Moreover, positive domestic markets and softening of US Treasury yields also supported the local unit. Indian shares closed Monday's session higher as oil prices extended slide to their lowest levels in more than a week and global bond yields dipped amid hopes that diplomatic efforts could help ease tensions in West Asia. Ahead of a crucial meeting this week between U.S. President Trump and Gulf-state leaders on the sidelines of the United Nations General Assembly, Trump warned Iran that it would fail economically or face its leadership being wiped out if it didn't make a deal. The BSE Sensex surged 564.03 points (0.76%) to end ..
Sensex, Nifty gain as falling crude and heavyweight buying lift sentiment
The Nifty opened at 23,330.20 and slipped to an intraday low of 23,314.80 in early trade. The index recovered steadily through the morning session, crossed 23,400 and touched an intraday high of 23,466.80 in mid-afternoon trade. It pared some gains thereafter but remained above the 23,400 mark at the close.
Quick Wrap: Nifty Pharma Index rises 1.16%
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Indian refiners may cut Russian crude oil imports amid US tariff threats
Imports from Russia have already eased and may average about 1.9 million barrels a day in September more than 35% of the total and the lowest since April, according to Kpler
22, 24 carat Gold prices down across other cities on September 21
EPFO: The All India Trade Union Congress wants the government to hike the EPF wage ceiling to 30,000 per month, saying 25,000 is too little, too late for social security benefits. Here are the reasons for the demand.
HDFC Securities says 98% of digital transactions insulated from UPI MDR
The brokers UPI transaction share is below 2%, much lower than wider broking industrys reliance on UPI
Sensex, Nifty, Stock Price Highlights: Indian shares edged higher on Monday, aided by bargain-buying following recent losses, while elevated crude prices and heightened primary market activity limited the gains.
Bitcoin trades above $84,000 after regulatory developments boost market sentiment
Bitcoin climbed above $84,000 as regulatory developments boosted crypto sentiment, including an SEC exemption for tokenized-stock trading and CFTC proposals. Ethereum and major altcoins also gained, while stronger ETF inflows, a short squeeze and improved market liquidity supported the rebound.
Rupee ends at 95.81 in subdued trade, forward premiums ease
As oil prices retreat and foreign investment flows support the local currency, the Indian rupee shows slight resilience amid ongoing importer demand and shifting market expectations regarding U.S. interest rates
India becomes Asias 4th-largest REIT market, overtakes Hong Kong: Cushman & Wakefield
India has overtaken Hong Kong to become Asias fourth-largest REIT market, with market value rising 62% to $17.7 billion by March 2026, according to Cushman & Wakefield. New listings, strong office occupancy, GCC demand and rising institutional participation have helped expand the market, which now ranks behind Japan, Singapore and China.
Dilip Buildcon divests stake in ten solar projects to Alpha Alternatives Fund Advisors
Dilip Buildcon said that it has executed definitive agreements for the divestment of its stake in ten special purpose vehicles (SPVs), held through its wholly owned subsidiary DBL Renewable, to Alpha Alternatives Fund Advisors LLP.
GK Energy surges after bagging 15-year BESS project from MSEDCL
GK Energy rallied 5.97% to Rs 126.95 after the company received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up a Battery Energy Storage System (BESS) project in Maharashtra.
Crude oil price: MCX futures fall on weak global cues, Brent crude at $102
Analysts say prices fell after participants offloaded their holdings amid weak demand in the spot market
Bank unions are planning a three-day nationwide strike from September 28 to 30. Here's whether your EMI and credit card bill payments will be disrupted.
Former NITI Aayog vice-chairman Rajiv Kumar has urged the government to keep UPI merchant payments free for a few more years, warning that even a small fee could push transactions back towards cash. His comments come after the government announced a 0.4% MDR on UPI merchant payments above Rs 2,000 from October 15, while keeping consumer payments free.
Adroit Industries to raise 151 cr through IPO
IPO price fixed at 126-134 a share
Mint Explainer | Why Indias workforce is in flux
AI, automation and cost pressures are reshaping jobs in India, even as hiring expands in semiconductors, GCCs, manufacturing and specialized technology roles.
Oracle Financial Services Software Ltd leads losers in 'A' group
Welspun Enterprises Ltd, Gokaldas Exports Ltd, Cupid Ltd and India Glycols Ltd are among the other losers in the BSE's 'A' group today, 21 September 2026.
Diamond Power Infra gains after securing power cables supply order worth Rs 116 crore
Diamond Power Infrastructure rose 1.05% to Rs 371 after the company announced that it has secured orders aggregating Rs 116.49 crore for the supply of 11 kV XLPE insulated medium voltage power cables.
Jaiprakash Power sizzles as company agrees Rs 511 crore NARCL settlement
Jaiprakash Power Ventures surged 9.97% to Rs 16.88 after the company announced settlement terms with National Asset Reconstruction Company (NARCL) in connection with insolvency proceedings initiated earlier this year.
N K Industries Ltd leads losers in 'B' group
Asian Star Company Ltd, Phoenix International Ltd, TransIndia Real Estate Ltd and Shivam Autotech Ltd are among the other losers in the BSE's 'B' group today, 21 September 2026.
Volumes soar at Anupam Rasayan India Ltd counter
Anupam Rasayan India Ltd recorded volume of 56.26 lakh shares by 14:14 IST on NSE, a 18.25 times surge over two-week average daily volume of 3.08 lakh shares
$127 bn foreign currency deposit mobilisation a 'shot in the arm' for Indian banks: S&P
A notable achievement for Indian banks occurred as they received USD 127 billion through a dedicated deposit scheme. This influx has significantly improved the funding environment and liquidity levels. Favorable interest rates lured substantial deposits from the diaspora, ultimately fortifying banks' funding stability. This positive trend in deposits could enhance balance sheets by USD 190-220 billion, bridging any existing asset-liability gaps.
Gold eases on firmer dollar, profit-taking; Mideast conflict in focus
Spot gold fell 0.6% to $4,351.12 per ounce by 0903 GMT
Solar Ind snaps 5-day losing streak, gains 4%; MOFSL initiates BUY rating
Motilal Oswal Financial Services (MOFSL) initiate coverage on Solar Industries with a BUY rating and a target price of 23,000.
