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Veegaland Developers shares to list today; Check GMP ahead of debut
The Rs 210-crore public issue was priced at Rs 140 per share and comprised entirely of a fresh issue of 1.50 crore shares. Since the IPO had no offer-for-sale (OFS) component, the proceeds will go directly to the company.
BOJ raises interest rates to 31-year high in widely expected move
In a significant policy shift, the Bank of Japan has raised interest rates to a 31-year high of 1.25 percent, a widely anticipated decision aimed at curbing inflation. The board's vote was split seven to two, with Toichiro Asada and Ayano Sato expressing dissent. Governor Kazuo Ueda is scheduled to discuss the reasoning behind this move during an upcoming news conference.
What commodity markets can expect from the Trump-Xi summit
President Trump and President Xis upcoming summit aims to address trade tensions, focusing on agricultural tariffs and energy exports
Axiom Gas Engineering IPO opens today: Check GMP and other key details
Subscription opens on September 18, 2026, and closes on September 22, 2026, with allotment expected on September 23 and listing on the NSE SME tentatively scheduled for September 25, 2026.
As per Sebi's T+1 settlement norm, investors need to buy a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action.
Four SME IPOs set to list today on BSE: Check GMP ahead of listing
All four issues closed their subscription windows on September 15, with allotments finalized on September 16, and are now scheduled to begin trading on the BSE SME exchange.
Government seeks long-term funds to boost infrastructure work
India is grappling with a funding shortfall as long-term liabilities are rapidly decreasing. With bank deposits and debts maturing in less than three years, crucial infrastructure projects requiring decades of support are at risk. To counter this issue, insurance and pension products are proposed to generate longer-term liabilities for investment, alongside tax incentives targeted at long-term savings.
The IPO, a book-built issue worth Rs 500 crore, comprises a fresh issue of 85.08 lakh shares aggregating to Rs 360 crore and an offer for sale (OFS) of 33.02 lakh shares worth Rs 140 crore.
Crude Oil Price Today : Markets largely looked past the latest threats to supply, even as Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes across their border on Thursday, widening the conflict's regional footprint.
Six companies debut on bourses; four deliver premium listings
On Thursday, six companies entered the stock market. LCC Projects and Karamtara Engineering opened with premiums over their respective issue prices. Meanwhile, Rentomojo and Steamhouse India experienced positive gains on the NSE. The Asset Reconstruction Company had a flat debut, while Manipal Payment and Identity Solutions slightly dipped at listing compared to its issue price.
NSE IPO Day 2: GMP at 8%, subscription reaches 44% Should you apply?
As the National Stock Exchange IPO enters its second day of bidding, it has shown stable investor engagement. Observations in the grey market reveal optimistic listing gain predictions. Brokerage firms are largely recommending subscriptions, emphasizing the NSE's robust market position. Nevertheless, investors need to weigh valuation and regulatory concerns when contemplating this opportunity.
Gold rises slightly on lower oil prices, subdued dollar
Gold prices witnessed a small rise on Friday, influenced by lower oil costs and a softer dollar backdrop. Traders remain vigilant regarding the evolving situation in the Middle East and global monetary policy trends. The US Federal Reserve has indicated potential interest rate increases in the months ahead, with other central banks, like the Bank of England and Bank of Japan, also focusing on inflation.
Yen weak ahead of BOJ decision; rate hike expected
The yen dipped against both the dollar and euro as investors speculated about a potential interest rate hike by the Bank of Japan. Recent inflation figures showed a small miss in expectations for August, contributing to market volatility. Meanwhile, the Bank of England opted to maintain steady interest rates, and the euro stayed stable against the dollar. The Australian dollar saw an uptick amid inflation concerns, while oil prices plunged.
Oil prices fall 1% on hopes of limited supply disruptions
Oil prices slipped around one percent, marking their third consecutive session of losses. The potential for alternate oil routes from the Middle East overrode concerns about ongoing strikes. Following drone attacks last week, Saudi Arabia is working to enhance its pipeline capacity and has also made additional crude shipments available to Asian refineries. However, the backdrop of tension remains as the US and Iran avoid peace discussions.
Artemis Medicare shares gain 26% in 3 months; analysts see 30% upside
In a significant expansion move, Artemis Medicare Services plans to increase its hospital capacity, targeting nearly two thousand operational beds by 2030. The anticipated growth in international patient numbers and improved utilization rates are expected to contribute to revenue boosts. With new facilities in the pipeline, earnings are projected to see a considerable rise, prompting analysts to express a positive stance on the company's stock trajectory.
Dollar bonds to lose some lustre as US yields surge
Overseas bond sales may moderate as the US Federal Reserve increases interest rates. Bank of Maharashtra priced its debut bond at a higher yield than Union Bank of India. Indian companies have raised over $20 billion in dollar bonds this year. Higher US treasury yields increase the all-in cost for Indian issuers. Issuers may frontload fundraising before rates potentially rise further.
Rupee down nearly 6% in 2026, further weakening possible: Axis Bank
The rupee may need further depreciation to address trade shocks. Its real effective exchange rate has fallen to a 2013 taper tantrum level. Economists suggest a potential 10% weakening of the REER within a year. Global trends and domestic rates might be misaligned, causing currency pressure. The Reserve Bank of India has sold significant dollars to support the rupee.
Sensex today | Stock Market Live: Stock to buy today: Acutaas Chemicals(3,315.60)
Sensex, Nifty, Share Prices LIVE: Stock to buy today: Acutaas Chemicals stock reached a record high of 3,735 in early July. However, it lost momentum after that. Although it did not reverse the trend, the scrip started to consolidate. The chart shows formation of a strong base at 3,050. The 3,000-3,050 price band is support, and as long as this level holds, the uptrend will remain intact.
US stocks rebound as oil prices fall and bond yields ease after Fed rate hike
On Thursday, US stocks surged, reclaiming nearly all their weekly losses due to declining oil prices and reduced pressure in the bond market, allowing Wall Street to bounce back from previous declines. Following the Federal Reserve's initial interest rate hike in years, indications of further increases contributed to notable weekly volatility in the stock markets.
RBIs Rs 50,000 crore OMO sale gets bids worth Rs 66,590 crore
The Reserve Bank of India's open market operation sale received robust investor interest. This operation aimed to absorb surplus liquidity from the banking system. The central bank accepted bonds at yields higher than prevailing market rates. This move precedes a significant weekly bond auction scheduled for Friday. Further liquidity absorption measures are planned for the coming week.
Global Market Today: Asian stocks, bonds gain as oil extends decline
MSCI
Influencer hiring gets smarter as brands look beyond follower counts
Indias creator pool has grown more than fourfold since 2020, making follower count an increasingly insufficient measure of creator value. As creator databases and AI tools help brands assess and manage talent at scale, hiring is shifting towards audience authenticity, engagement and conversion.
Rupee edges up on RBI support, softer oil prices
The Indian rupee strengthened slightly on Thursday after central bank interventions. Oil prices retreated, which also supported bond yields during the trading day. State-run banks actively sold dollars at weaker levels, influencing the currency's movement. The rupee traded within a defined range throughout the session. The dollar index saw an increase from its previous day's closing value.
Sebi to examine discount brokers concerns over new UPI MDR
Sebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impact large fund transfers starting October fifteenth. Brokers are particularly concerned that these additional costs may heavily burden them, as trades are not insured after the transfers are made. Additionally, the complexity of quarterly settlements could further escalate their expenses.
Tata stocks rise on listing hopes, Chandra's extension
Tata Sons has announced the reappointment of N Chandrasekaran as executive chairman for the next five years, sparking discussions about future strategic moves, including a possible listing. However, Tata Trusts has deemed this reappointment legally void, signaling potential tensions that may hinder group initiatives and delay unlocking shareholder value. The conflicts between these entities are significant as they impact leadership and strategic direction.
Market rides out 'expected' US rate hike, Nifty up 0.2%
Indian stock markets wrapped up the day on a slightly positive note on Thursday, digesting the anticipated hike from the US Federal Reserve. The Nifty index gained traction, while the Sensex slipped marginally. As bond yields eased following the 25-basis-point rise and oil prices corrected, domestic institutions buoyed market performance amidst foreign investor sell-offs. This resilience in broader indices suggests a healthy sentiment among investors despite the volatility.
NSE IPO subscribed 0.43 times on day 1, NII bids highest
The National Stock Exchange's large initial public offering saw limited subscription on its first day. Non-institutional investors placed the most bids, while retail and qualified institutional buyers showed less interest. This offer for sale involves existing shareholders selling their stakes, not raising new capital for the exchange. The subscription period remains open until September twenty-first, with shares expected to list soon after.
US stocks today: US stocks rebound as tech rally gains momentum on easing oil, yields
US stocks rebounded sharply on Thursday, led by technology shares as easing oil prices and lower Treasury yields offered relief after the Federal Reserve raised interest rates. The Nasdaq gained 1.66%, while the S&P 500 rose 1.14% and the Dow added 0.61%, despite lingering inflation and rate hike concerns.
NSE's upcoming listing could have implications for mutual funds that already hold BSE. While some index funds may see no immediate change, active and thematic funds could reassess their exposure. Here are the schemes with the highest BSE holdings and what investors need to watch.
Gujarat floods have triggered substantial insurance claims, prompting a review of pricing. Insurers are now pushing for more disciplined pricing on large industrial risks. This reassessment follows expected flood-related claims exceeding five thousand crore rupees industry-wide. The Gujarat losses increase the case for location-based catastrophe exposure pricing. Global reinsurers' stance will largely determine the extent of this pricing correction.
US Treasuries rally as oil cools and confidence in Feds Warsh grows
US Treasury yields fell as declining oil prices and renewed confidence in the Federal Reserves inflation fight eased pressure on the bond market. The 10-year yield dropped to 4.95%, snapping an eight-day rise, while investors weighed the possibility of further rate hikes after the Feds latest decision.
Mutual fund calculator: How 25,000 a month can yield wealth worth 28 crore, thanks to SIP top-up
Starting with 25,000 every month and increasing contributions by 12% annually could yield 28 crore. Here's how.
Passing UPI MDR to customers is a criminal offence: Here's what the law says experts weigh in
UPI MDR will apply to specified P2M transactions above 2,000 from 15 October. While the charge is levied on merchants, the government has warned that passing it on to consumers would constitute a criminal offence. Heres what the law says.
MDR rollout will be monitored to protect users
Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.
EPFO Form 10C to claim pension benefits: Who can apply? Check step-by-step online claim guide
Form 10C acts as the official application to withdraw the EPS funds or to secure a Scheme Certificate.
US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market
US mortgage rates have climbed close to 7%, putting further pressure on an already sluggish housing market. The average 30-year fixed mortgage rate rose to 6.95%, its highest level since January 2025. Higher borrowing costs are squeezing affordability, delaying purchases and raising concerns about a further slowdown in home sales.
UPI new rules from Oct 15: Will your festive shopping bill get more expensive?
Retailers may raise prices or reduce discounts this festive season as a new 0.4% fee on UPI transactions over 2,000 takes effect from October 15. Although the charge cannot be directly passed to consumers, businesses may still adjust final prices accordingly.
Retirement paradox: 70% urban Indians want to exit workforce early but fear running out of cash
One in two urban Indians advocates initiating retirement planning alongside their very first paycheque.
Gold, US Treasuries surge as crude oil slide eases inflation concerns
Gold rebounds after three days of losses as lower oil prices ease inflation concerns and Treasury yields retreat
SEC gives tokenized stock trading platforms five-year regulatory relief
The US SEC has granted a five-year exemption to platforms offering tokenized stocks, easing regulatory hurdles for blockchain-based share trading. The move could bring crypto platforms deeper into traditional equity markets, allowing potential 24/7 trading, instant settlement and fractional ownership, while maintaining issuer consent and investor protection requirements.
Stock returns vs earnings: Why strong profit growth may not always make you money
Good businesses do not always make good investments. Strong earnings growth can be offset by falling valuations, leaving investors with poor returns. Heres how de-rating happens and the warning signs investors often miss.
NSE IPO: 43% subscribed on Day 1, second largest after Hyundai
The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) was subscribed 43 per cent on its first day of bidding, making it India's second-largest public issue after Hyundai Motor India's Rs 27,870-crore IPO in 2024.
India's UPI could bridge traditional finance and crypto, simplifying the movement of rupees into digital assets. Coinbase India plans upgrades to enhance payment efficiency, facilitating seamless transfer between banking and crypto.
Centre to monitor UPI MDR charges daily from 15 October
Banks and payment aggregators have been told not to pass the levy on to consumers as government seeks to prevent a shift to cash.
Applied Materials $5 billion India plan to build chip R&D lab, supply chain
The event saw Tata Electronics, which is developing Indias first commercial chip fabrication plant, sign seven memorandums of understanding with semiconductor supply-chain companies.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities ended mixed on Thursday as Sensex slipped 22 points after sharp volatility during the closing auction session, while Nifty gained 53 points. Mid- and small-caps outperformed, with capital goods, industrial, defence, power and healthcare stocks attracting buying interest.
GI-taggedMushkbudjirice gains ground in Kashmir
Mushkbudjicurrently sells for around 20,000-25,000 a quintal, adding to its appeal as a premium agricultural product
Sebi bars Kore Digital promoters over alleged Rs 541 crore revenue misstatement
Sebi has restrained Kore Digital and three key executives after finding prima facie evidence of misstated financials, questionable subsidiaries, suspicious accounting and alleged diversion of preferential issue proceeds. The regulator also blocked main-board migration and ordered a forensic audit of company records.
Indias basmati acreage dips, production poised to fall
Dip in area, firm global prices brighten prospects for the aromatic rice
UPI MDR rules are set to apply from 15 October 2026, with different charges based on transaction value, merchant category, and payment type. Heres a look at how the framework works and what merchants and consumers need to know.
Deccan Gold Mines eyes critical minerals; gold output target set at 700750 kg
The company is expanding its exploration portfolio overseas while planning investments to increase gold production and develop existing resources.
India's Unique Opportunity In AI Semiconductor Manufacturing
UST, a California-based technology company, highlights India's unique opportunity to build an AI-native semiconductor ecosystem, bypassing older models. Speaking at SEMICON India 2026, UST COO Gilroy Mathew emphasised India's advantage in investing in infrastructure and talent at the right time, enabling it to create AI-native manufacturing and supply chains for future competitiveness.
Insurance stocks gain on expectations of lower distributor commissions
Life and general insurance shares gained amid expectations that Irdai could lower commissions paid to distributors, particularly banks, potentially reducing distribution costs.
Under new rules effective from 15 October 2026, ordinary customers wont pay merchant processing fees on UPI transactions. There's no need to pay extra charges; 5 times payments remain free despite new government rules.
Brokers call: Solar Industries (Accumulate)
Elara Securities
Fed builds credibility, but hawkish turn leaves investors edgy
In a significant move, the Federal Reserve has raised interest rates for the first time since 2023, marking a shift towards a hawkish stance on inflation management. This unanimous choice has led investors to brace for more potential rate increases, generating ripple effects across asset markets. Following a surge, bond yields have retracted. Yet, the future trajectory of the Fed's monetary policy remains uncertain.
CoreWeave launches $3 billion convertible debt sale
CoreWeave is set to secure $3 billion via convertible debt offerings to significantly enhance its artificial intelligence infrastructure. In conjunction with this, they have initiated an at-the-market stock sale program to generate extra capital. This strategic move is pivotal in strengthening their credit profile and sustaining operations, underscoring the growing financial demands within the AI industry.
Rethinking the 1 crore myth: Why the traditional Indian retirement number is failing
New data reveals urban Indians are losing faith in traditional savings targets while racing toward early retirement.
RBI cancels licences of 5 NBFCs, 8 others surrender registrations
The Reserve Bank of India cancelled five NBFC registration certificates on Thursday. Eight other NBFCs surrendered their registrations for various business reasons. Some companies ceased to be legal entities due to mergers and dissolutions. Anagram Industries and CDN Finance surrendered registrations after meeting specific criteria. These actions reflect regulatory adjustments within the financial sector.
Jindal Supreme IPO Day 2: Issue subscribed 31.50 times
Jindal Supremes 125-crore IPO receives bids for 29,60,44,868 shares against 93,99,600 shares on offer
The West Bengal government has started distributing the September tranche of 3,000 under the Annapurna Yojana to 1.58 crore beneficiaries, marking an increase of nearly 10 lakh since August.
Six companies make record stock market debut in a day, five end higher
Five of the six companies ended above their issue prices, led by Karamtara Engineering, as a record number of mainboard firms listed on the stock exchanges in a day
Homebuyers in Ahmedabad, Chennai, and Delhi-NCR prefer larger homes, especially 3BHKs, according to ANAROCK's H1 2026 survey. The 90 lakh 1.5 crore price range is most favoured, reflecting a shift towards premium housing despite rising prices, with many buyers prioritising space and quality.
Varmora Granito sets 148 cap for IPO opening September 22
The IPO includes a fresh issue of equity shares worth up to 3,200 million and a sale of up to 26,217,634 shares by existing investor Katsura Investments
A-One Steels India to launch 405-crore IPO on September 24
The price band has been set at 385405 per share, with a minimum bid lot of 37 equity shares
High freight costs weigh on Indian poultry exports
Shipments on gradual recovery path; Exporters seek govt support to bring down freight costs, increase sailings
Markets steady after Fed rate hike; indices show mixed trend
Indian equities showed resilience amid global uncertainty, with broader markets outperforming as investors weighed currency pressure, crude prices and bond yields
Hindustan Zinc adds 32 million tonnes of gross ore resources and reserves in FY26
Hindustan Zinc completes 464.32 kilometres of exploration drilling during the year, with over 88% of drill holes intersecting mineralisation
US stocks today: S&P, Nasdaq soar 1% at open as easing oil prices boost Fed hike relief
US stocks opened higher on Thursday as falling oil prices improved investor sentiment following the Federal Reserve's first rate hike under Chair Kevin Warsh. The Dow rose 0.82%, the S&P 500 gained 1.05% and the Nasdaq climbed 1.54% at the open, extending gains across major indexes.
Tata group stocks rise after Chandrasekaran reappointment
Tata group shares rallied on Thursday as investors assessed the leadership decision, potential Tata Sons listing and an escalating legal dispute
India's textile exports up around 10% on year in first five months of FY27
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FinMin allays fears of increase in cash transactions post UPI MDR levy: Sources
The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI volume will be affected by this new charge. RuPay debit card transactions will remain free, mitigating cash transaction concerns. The ministry will monitor to prevent MDR burden transfer to consumers. This measure aims to create a sustainable digital payments ecosystem framework.
NSE IPO subscribed 43% on first day as non-institutional investors lead
The 22,560 crore IPO received bids for 38 million shares against 88.6 million on offer, with the non-institutional investor portion subscribed 72 per cent
US midterm elections 2026: How they could impact taxes, Social Security and retirement
The 2026 US midterm elections will influence legislative actions for the next two years. However, immediate financial impacts on taxes, Social Security, and retirement may be limited, with a greater focus on 2028 for potential changes.
UPI MDR: Ministry Allays Fears On Cash, Inflation
The Finance Ministry has clarified that the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15, is not expected to increase cash transactions or cause inflation. The ministry also dismissed allegations of US pressure influencing the decision, asserting that the policy aims to promote RuPay credit cards within the UPI ecosystem, and a monitoring mechanism will ensure the MDR burden is not passed on to consumers.
Syrma SGS shares surge 7% as SEMICON India 2026 lifts EMS stocks
Syrma SGS stocks year-to-date return stands at 124.65%, sharply outpacing the Nifty 500s decline of 5.25% over the same period
NSE enters Indias mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
NSEs Rs 22,561.57 crore IPO ranks as Indias second-largest, behind Hyundai Motor India. The exchange attracted 189 anchor investors and raised Rs 6,746.18 crore before opening for public subscription, making it the second-highest in the historical anchor investor comparison.
Bank of England sounds inflation alarm as it holds interest rates
The Bank of England has decided to hold interest rates steady at 3.75 percent and is currently halting gilt sales. With inflation risks escalating, there are concerns prices may exceed four percent next year. Governor Andrew Bailey indicated that ongoing conflict might require a shift towards tighter monetary measures. Interestingly, three members of the Monetary Policy Committee pushed for a rate hike.
Why your credit score can drop despite paying every EMI on time
Your credit score can fall even with perfect EMI payments. High credit utilisation, frequent loan inquiries, closed old cards, and reporting errors all matter. RBI's new fortnightly credit reporting rule (from January 2025) also means that changes will be reflected faster than before.
Former KKR India chief Sanjay Nayar buys Mumbai home for 90 crore
Sanjay Nayar, chairman of Sorin Investments, purchased a 90 crore luxury apartment on Carmichael Road, reflecting the rising demand for high-end properties in South Mumbai.
Voltas among 7 stocks hitting 52-week low; slipped up to 10% in a month
Seven BSE 200 stocks touched fresh 52-week lows on Thursday as the Sensex closed 22 points lower at 74,314. Voltas, United Breweries, Shree Cement and Maruti Suzuki declined about 11% each over the past month, while Wipro, Bank of Baroda and UPL also weakened.
Puravankara Ltd eyes Rs 2,600 cr revenue from redevelopment of 3 housing societies in Mumbai
Puravankara Ltd will redevelop three housing societies in Mumbai. The realty firm expects a total revenue of Rs 2,600 crore. These projects are located in Bangur Nagar, Goregaon West, Mumbai. They offer a total developable potential of 1.05 million sq ft. Puravankara has completed 97 projects across various Indian cities.
Softer oil buoys India bonds after Fed hike
Indian government bonds made a recovery on Thursday, moving past initial setbacks as falling oil prices lessened worries about a potential rate hike from the Reserve Bank of India. The key 6.94% 2036 bond yield ended the day slightly below Wednesday's mark. Overnight indexed swap rates also showed signs of recovery late in the trading session due to the ongoing drop in oil prices.
One bad day for the market and your whole portfolio tanks? Here's what you can do to spread the risk
Owning multiple stocks does not always mean a diversified portfolio. Indian equity, gold, debt, and US equity have historically shown different correlations. Here's what investors should know about how asset classes can behave differently and why it matters.
How New UPI Rules Impact Large Merchant Payments
Industry body Assocham has welcomed the new UPI framework for large-value merchant transactions, effective October 15. This framework introduces a 0.4 per cent Merchant Discount Rate (MDR) on person-to-merchant UPI payments exceeding Rs 2,000, with a cap of Rs 300 for transactions over Rs 75,000. The move aims to enhance UPI sustainability, support innovation, and mitigate fraud, while protecting small merchants and ensuring most everyday transactions remain free.
World Bank mobilises $112 billion in private capital for developing nations
The World Bank mobilised $112 billion in private capital for developing nations last year. This significant increase reflects a strategic shift due to donor funding limitations. Private capital mobilisation now nearly matches the World Bank Group's own lending efforts. The bank employs various methods to de-risk and incentivise private investment. These efforts aim to bridge development financing gaps and foster job creation.
What is an approved project and why does it matter when buying a home?
Securing lender approval for real estate projects significantly simplifies the home loan process. Each project is meticulously evaluated through legal and technical checks before funding is provided. This pre-approval minimizes the need for borrower verification, allowing for expedited loan processing. Bajaj Housing Finance offers a variety of pre-approved projects and swift disbursal options, ensuring buyers access considerable funds and extended repayment periods for their purchases.
UPI MDR: India Rejects US Pressure Claims
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
