30 C 
Govt to expand market for ethanol to help industry wriggle out of surplus capacity
India has about 2,000 crore litres of capacities whereas the oil marketing companies need about 1,100 crore litres annually to meet the 20 per cent ethanol blending with petrol target, which has already been achieved five years ahead of schedule
L&T, IIFL Finance follow REC into India's emerging tokenised bond market
L&T raised Rs 500 crore and IIFL Finance Rs 25 crore through tokenised bonds, following REC's debut issue as issuers test the new blockchain-based settlement framework
The two companies had announced on Monday that NIL had inked an agreement with Pfizer Inc to acquire the trademarks for India, besides certain related intellectual property rights, for 1,250 crore
RBL Bank raises $350 million in debut international bond sale
RBL Bank has raised $350 million through its first international bond sale, pricing bonds tighter than initial guidance. Strong investor demand supports funding for GIFT City growth and liability management, while Emirates NBDs backing strengthens credit quality and investor confidence.
Apple shares closed at around $234 on September 9, 2025, around the launch of the iPhone 17 Pro. Since then, the stock has risen sharply to $320, representing a gain of roughly 36% in dollar terms.
Middle East conflict: Fuel retailers lose 5 on petrol, 23 on diesel as crude tops $100
Experts said with escalation in hostilities between Iran and the US, Brent prices have crossed the USD 100 per barrel-mark on Wednesday and the Indian crude basket is at about USD 109 per barrel
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets extended their losing streak for a third day as soaring oil prices and Middle East tensions hurt sentiment. Sensex fell 813 points, Nifty dropped 204 points, and BSE market capitalisation lost over Rs 2 lakh crore amid broad-based selling.
Indian investors may be overlooking a vast global opportunity by sticking only to domestic equities. A new report highlights what lies beyond India, from global technology leaders to foreign-currency goals, and explains how investors can access these markets.
Banks need to invest more in digital, financial literacy to tackle cyber fraud: Bank of Baroda MD
Bank of Baroda MD and CEO Debadatta Chand said the financial system needs to invest significantly more in financial and digital literacy to combat rising cyber fraud. He identified vulnerabilities at both banks and customer levels, while highlighting investments in cybersecurity, AI-based underwriting and cash-flow-based financing for MSMEs.
Sebi proposes easier director eligibility, norms for key MII officials
Markets regulator Sebi on Wednesday proposed changes to the eligibility criteria for directors on governing boards of market infrastructure institutions (MIIs), along with standard qualification and experience norms for key officials such as chief technology officers and chief information security officers. In its consultation paper, the regulator said the proposals are aimed at strengthening the governance of MIIs, which include stock exchanges, clearing corporations, and depositories. Sebi said MIIs faced practical difficulties finding suitable candidates, especially for public interest director positions, due to existing restrictions. These rules often disqualify expert candidates from joining an MII board if they are directors at any company even remotely linked to a stockbroker or trading member. Under the proposed changes, Sebi said the existing exemption available to directors of public sector banks and financial institutions would be extended to directors of companies with
Surging crude oil prices: Rupee breaches 95/dollar mark
The Indian currency rupee closed at 95.10 per dollarUSD, down 29 paise against the previous close of 94.81
RBI Deputy Governor Rohit Jain warned financial institutions and fintech firms that rapid adoption of emerging technologies brings risks around speed, concentration and opacity. He said institutions must ensure technology works fairly, reliably and safely for customers, while retaining responsibility for outcomes even when computing, cloud infrastructure or models are outsourced.
The Cabinet Committee on Economic Affairs approved five railway multi-tracking projects costing 10,021 crore, aimed at enhancing rail infrastructure across Tamil Nadu, Andhra Pradesh, Karnataka, and Telangana. The projects are expected to be completed by 2029-30.
Enviro Infra Engineers receives LoI for 180 MW wind power project
From Tata Power Renewable Energy
Is ethanol production driving the surge?
Shakti Pumps wins order worth Rs 235 cr from MSEDCL
GPT Infraprojects arm bags Rs 114.82-cr contract from Northeast Frontier Railways
US stocks today: Dow Jones falls 300 points as oil price crosess $100
Stocks declined on Wall Street as Brent crude oil prices surpassed one hundred dollars per barrel. The S&P 500 and Nasdaq composite experienced slight decreases while the Dow Jones lost points. This oil price surge followed recent attacks between the United States and Iran. The ongoing conflict has disrupted vital oil shipments through the Strait of Hormuz. European markets also fell, and Asian markets showed mixed performance.
Axis Bank plans 32-storey HQ, may split 3,000 staff across Mumbai
Facing space constraints for its nearly 3,000 employees, Axis Bank plans to relocate offices in Mumbai while awaiting a five-year construction of a new headquarters. This situation highlights the ongoing struggle for firms in densely populated cities to find adequate office space.
Rupee falls to 95.11 vs US dollar as West Asia tensions drive oil fears
The rupee weakened 0.3% to 95.1050 against the dollar as escalating West Asia military tensions pushed Brent crude above $100. RBI intervention helped limit losses, while traders expect the currency to remain volatile amid oil prices, geopolitical risks and potential de-escalation.
Brokers call: Cholamandalam Inv (Buy)
Motilal Oswal Financial
Net SIP inflows surge to record 2 trillion in FY26 despite closures
Despite higher SIP account closures amid market turbulence, net inflows accounted for 56 per cent of gross SIP investments of Rs 3.5 trillion in FY26
Bandhan Bank allots 35,768 equity shares under ESOP
IRB Infra records 25% growth in consolidated toll revenue in Aug'26
Commenting on this, Amitabh Murarka, Dy. CEO, IRB Infrastructure Developers said, Our strong toll revenue performance in August 2026 reflects the sustained traffic growth across our assets. The growth in traffic, coupled with the tariff revision implemented at the beginning of FY27, has further supported our revenue performance. He further said, With robust GDP growth indicating sustained economic activity, coupled with the onset of the festive season beginning with the Ganesh Festival, we expect the positive traffic momentum to continue. We remain well positioned to deliver stronger toll revenue growth in the coming months, further strengthening our overall growth momentum.
GFF 2026: Axis Bank CEO Amitabh Chaudhry sees credit growth slowing to 15-16%, flags rate hike risk
Axis Bank CEO Amitabh Chaudhry expects Indias bank credit growth to moderate to 15-16% this year from the current 18-19%, partly due to the base effect and FCNR(B) inflows. He also warned of possible rate hikes in October and December as the India-US interest-rate gap narrows.
Credit card surcharge: Why do shops charge 2% extra and should you pay?
When a customer pays by credit card, the merchant generally incurs a fee for accepting the payment. This cost is commonly known as the Merchant Discount Rate.
Global Fintech Fest 2026: DFS Secretary Sanjay Lohiya unveils UPI credit for KCC, MUDRA borrowers
DFS Secretary Sanjay Lohiya at Global Fintech Fest 2026 unveiled a facility allowing eligible Kisan Credit Card and PM MUDRA Yojana borrowers to use sanctioned credit limits for merchant payments through UPI. The move could widen digital access to formal credit for farmers and small businesses, with more banks expected to join.
Sebi revises rules for open interest violations in commodity derivatives
Sebi has revised commodity derivatives position limits and penalties, effective immediately. The new framework caps violation charges, strengthens action against repeated breaches, and updates agri commodity classifications and limits, aiming to ease compliance while improving market risk management across exchanges.
India lifts ban on JPMorgan unit in index manipulation charge
India lifted its trading ban on JPMorgan unit Copthall Mauritius and Mansi Share after they deposited Rs 2.96 crore ($311,230) in alleged unlawful gains. Accused by SEBI of manipulating BSE Sensex closing auction prices to boost options bets, both entities can trade again while the investigation continues
RBI deputy governor Rohit Jain flags three concerns as technology reshapes finance
The deputy governor warned that speed, concentration and opacity could amplify familiar financial risks and make disruptions spread faster through the system.
ICICIAMC receives RBI approval to pick up to 9.95% stake in AU Small Finance Bank
The governments Financial Fraud Risk Indicator (FRI) has helped prevent suspected cyber fraud losses worth more than 5,000 crore since its launch in May 2025. Know how FRI uses telecom intelligence to flag risky transactions and what steps consumers can take to protect their money.
Northern Coalfields improves operational performance with retreating rains
As the monsoon loosens its grip, Northern Coalfields (NCL), one of Coal India's major coal-producing subsidiaries, is picking up pace across its mines, with coal production rising by 67% and supply by 75% as on 8 September 2026 in comparison to average of 01 to 03 September 2026.
RBI approves ICICI Prudential AMCs up to 9.95% stake buy in AU Small Finance Bank
The Reserve Bank of India has approved ICICI Prudential Asset Management Company's proposal. This approval allows an aggregate holding of up to 9.95 percent in AU Small Finance Bank. The approval covers various schemes and funds managed by the asset manager. AU Small Finance Bank received the official approval letter on September 8, 2026. This decision is subject to compliance with all relevant banking and financial regulations.
Sebi fines two Jindal Steel designated persons for trading-window violations
Sebi has fined two designated persons of Jindal Steel & Power Rs 1 lakh each for trading in the companys shares and stock options during the trading-window closure period. The regulator also found that they executed trades above the prescribed threshold without obtaining pre-clearance, in violation of the companys insider trading code.
INR slumps beyond Rs 95/$ mark as Brent crude futures cross the USD 100 per barrel mark
The Indian rupee slumped by 34 paise to close at 95.08 (provisional) against the American currency on Wednesday as crude prices crossed the USD 100 per barrel mark, stoking concerns over inflation and high forex outflows. Weak equity markets and FII outflows also pressurised the rupee. Brent crude futures surpassed USD 100 a barrel for the first time in almost six weeks after attacks on oil facilities and ships in West Asia threatened to weaken the already strained supply chain amid the US-Iran tensions. Brent crude was trading higher by 2.5 per cent at USD 100.5 per barrel. Indian shares fell for a third consecutive session on Wednesday due to renewed tensions in the Gulf region and concerns over a possible interest rate hike by the U.S. Federal Reserve. The BSE Sensex and NSE Nifty 50 tumbled sharply with the Sensex plunging 813.35 points to close at 74,764.23 and the Nifty dropping 203.60 points to finish at 23,431.50.
Tata Capital announces change in senior management
With effect from 01 October 2026
Wipro collaborates with CrowdStrike to launch CISO Command Center
To help enterprises create proactive, risk-informed cyber resilience
Kanohar Electricals IPO subscribed 10.22 times
The offer received bids for 11.95 crore shares as against 1.16 crore shares on offer.
Pranav Constructions IPO subscribed 121 times
The offer received bids for 271.80 crore shares as against 2.24 crore shares on offer.
Sebi proposes wider pool of MII board candidates, SOP for key officials
Sebi has proposed governance reforms for market infrastructure institutions, including relaxed director eligibility rules and standardised requirements for four key management roles. The proposals aim to widen access to expertise while strengthening technology, cybersecurity, compliance and risk management across MIIs.
Copper prices likely to remain elevated till US President Donald Trump decides on tariffs
Fears of US increasing the tariffs has driven the red metal prices to a record high currently
MCX, IAMAI sign MoU to bring fintech solutions to commodity markets
MCX and IAMAI have signed an MoU to set up a Commodity Markets Innovation Council aimed at driving fintech-led innovation in Indias commodity markets. The industry-led platform will bring together stakeholders, startups and technology players to identify challenges, develop digital solutions, improve market access and support wider participation and efficiency.
M3M emerges as highest bidder for prime Noida land parcels at 1,850 crore
In a highly competitive bidding process, M3M has secured a 12.5-acre mixed-use land parcel in Sector 108 for approximately Rs 1,850 crore, significantly exceeding the reserve price of Rs 835 crore. The robust developer interest this land has generated illustrates the lucrative potential of mixed-use properties in Noida, with established players like DLF Ltd also vying for the prime location.
DoT may not take forward proposal to tax data usage, cites technical challenges
Experts argued that implementation of such a tax would have gone against the government's digital advocacy and appeared as a regressive step.
Civitech Group to invest Rs 500 cr in Greater Noida mixed-use project
Civitech Group will invest Rs 500 crore in a new mixed-use project. This development will feature retail, hospitality, and studio apartments. The project is planned for Sector 10 in Greater Noida West. The company cited high demand from end-users and investors. Civitech Group has prior experience developing projects in the region.
India bonds fall as oil tops $100/bbl, reviving inflation concerns
Indian government bonds weakened as Brent crude oil prices surged past one hundred dollars. This surge rekindled inflation concerns and darkened the interest rate outlook for the nation. Selling pressure on bonds was contained by significant banking system liquidity surpluses. The Reserve Bank of India conducted operations to absorb excess cash from the system. Investors now await upcoming inflation data and policy rate decisions from the US and India.
Glass Wall Systems (India) IPO subscribed 8.22 times
The offer received bids for 13.53 crore shares as against 1.64 crore shares on offer.
LCC Projects IPO subscribed 1.32 times
The offer received bids for 2.76 crore shares as against 54.43 lakh shares on offer.
Karamtara Engineering IPO subscribed 1.27 times
The offer received bids for 3.21 crore shares as against 54.43 lakh shares on offer.
Asset Reconstruction Company (India) IPO subscribed 38%
The offer received bids for 1.40 crore shares as against 54.43 lakh shares on offer.
RBIs Vasudevan flags legal, privacy, interoperability risks in tokenization
RBI's executive director P. Vasudevan said interoperability has been one of the success stories of Indias payments ecosystem and should not be lost in the move towards tokenized assets.
Knowing the prescribed timelines and protections can help policyholders track their claims and take appropriate action when there is an unnecessary delay.
Vodafone Idea among 4 stocks that hit 52-week highs & rallied up to 22% in a month
Four BSE 150 Midcap stocks hit fresh 52-week highs despite Wednesdays market sell-off. Vodafone Idea and One97 Communications gained 22% each over the past month, while Piramal Finance and Laurus Labs also advanced.
Sensex sheds 813 pts, Nifty ends below 23,450 as crude boils
The domestic equity benchmarks ended sharply lower today, extending their decline for the third consecutive session as elevated crude oil prices heightened concerns over the macroeconomic outlook. Persistent geopolitical uncertainty, rupee weakness and renewed FII selling further weighed on investor sentiment. The ongoing IPO rush, with 10 issues open for subscription, also diverted liquidity from the secondary market. The Nifty closed below the 23,450 mark, dragged by IT and FMCG shares. However, metal and pharma shares remained in demand.
Quick Wrap: Nifty IT Index declines 3.24%
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Steamhouse India IPO subscribed 42%
The offer received bids for 1.56 crore shares as against 54.43 lakh shares on offer.
Manipal Payment and Identity Solutions IPO subscribed 17%
The offer received bids for 21.91 lakh shares as against 54.43 lakh shares on offer.
Rentomojo IPO subscribed 1.42 times
The offer received bids for 3.08 crore shares as against 54.43 lakh shares on offer.
NRE vs NRO: Non-residents in India should update their banking by switching old savings accounts to avoid tax issues and compliance problems.
Sensex tumbles 813 points amid escalating tensions in West Asia, oil price surge
Selling in IT stocks and fresh foreign fund outflows also dented investors' sentiment
ET Alpha Wealth Summit: Decoding the next market cycle and where opportunities lie
ET Alpha Wealth Summit 2.0 will feature veteran investor Prashant Jain decoding the next market cycle and the opportunities it could present. Drawing on his decades of market experience, Jain will discuss navigating downturns and recoveries, assessing businesses and valuations, and managing risk as market conditions and investment themes evolve.
kharif acreage down 1.6% on year, rice sees sharp fall
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Rupee plunges 34 paise to 95.08 against dollar as crude prices surpass USD 100 mark
The rupee fell by 34 paise, settling at 95.08 against the US dollar, amid rising crude oil prices that have breached USD 100 per barrel, raising inflation fears. The depreciation was fueled by sluggish equity markets and foreign institutional investor sell-offs. Additionally, escalating tensions in West Asia contributed to Brent crude futures surpassing USD 100, indicating a continued bearish trend for the local currency.
Four banks including RBL and Bank of Maharashtra line up overseas fund raise
RBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans acquired for FCNR(B) deposits. Meanwhile, UCO Bank and Bank of India are also gearing up for similar fundraising initiatives overseas, aiming to optimize their asset-liability structures following the closing of the FCNR(B) window.
Jio Payment Solutions launches cross-border payments to connect exporters with global markets
The launch follows the receipt of authorisation from the RBI to operate as a Payment Aggregator for Cross-Border (PA-CB) transactions, covering exports and imports
Why international ETFs are trading at heavy premiums
International exchange-traded funds in India are trading at steep premiums due to regulatory caps on overseas investments. New Sebi rules on price bands have further inflated valuations, raising concerns for investors seeking global diversification.
Pranav Constructions IPO Day 3: Subscribed 112.62x so far
QIB portion subscribed 234.87 times, while the non-institutional investors portion was subscribed 202.65 times
Are NSE unlisted shareholders staring at losses? Here's what IPO pricing indicates
NSEs expected IPO price of Rs 1,700-1,785 could fall below its unlisted-market trading range, potentially leaving investors with notional losses. The listing, expected in September, will test private-market valuations and investor expectations surrounding Indias biggest exchange.
22, 24 carat Gold prices down across metro cities on September 9
Sensex, Nifty, Share Prices Highlights: Indian shares fell for a third consecutive session on Wednesday to their lowest levels in three months as Brent crude futures rose above $100 a barrel for the first time since late July, fanning concerns about its impact on the economy and inflation.
Rupee slump to 95.1/$ as oil climbs past $100, RBI taps swaps to drain excess cash
In addition to spot dollar sales, RBI also likely conducted FX swaps maturing in September and October to drain excess rupee liquidity from the banking system.
EPF advance rules: Withdrawals for education, illness and housing are now easier, says EPFO
EPF advance rules have been highlighted by EPFO, covering withdrawals for education, illness and housing. Here is what EPF members should know about eligibility, withdrawal limits, applicable conditions and the impact on retirement savings.
The proposed PIR allows policy detail transfers between insurers, safeguarding waiting periods and claim histories. It aims to streamline insurance management but depends on accurate records and clear error responsibilities.
Cant pay your car loan EMI after a job loss? Experts suggest what borrowers should do
Job loss or an unforeseen financial difficulty can make car loan EMIs harder to manage. Experts suggest contacting lenders early, using emergency savings carefully and checking insurance to avoid missed payments, credit score damage and potential loan default.
RBI likely deploys FX swaps to mop up overseas deposit-driven liquidity, traders say
The central bank is conducting the swaps with a maturity in September, four bankers and two FX brokers
Raymond Ltd leads losers in 'A' group
Coforge Ltd, Kiri Industries Ltd, Infosys Ltd and Pearl Global Industries Ltd are among the other losers in the BSE's 'A' group today, 09 September 2026.
HDFC AMC appoints Ihab Dalwai as Senior Fund Manager Equities
Ihab Dalwai has been appointed as a Senior Member of Investments at HDFC Asset Management Company, where he will oversee equity assets for specific HDFC Mutual Fund schemes. Previously, Dalwai held the position of Senior Fund Manager Equity at ICICI Prudential. With a robust background of fifteen years in equity research and fund management, he is a qualified Chartered Accountant and has successfully completed CFA Level 3.
EMS receives LoA for operations of Varshamedi Fee Plaza in Gujarat
Gold faces a critical test as markets reprice Fed rate expectations
Domestically, the dollar was whipsawed by a shifting Fed outlook through the week, leaving gold caught between a structurally softer greenback and rising rate-hike probability.
Vaibhav Global transfers 1.51 lakh equity shares to Employee Stock Option Welfare Trust
Advance tax deadline September 15, 2026 is approaching. Taxpayers with income from interest, rent, dividends, mutual funds, shares or freelance work may need to pay advance tax if their remaining tax liability exceeds 10,000.
Global Market: European markets fall as Middle East tensions push oil prices higher
European markets declined as investors awaited crucial US inflation stats, while escalating Middle East tensions propelled oil prices upwards, reigniting global inflation fears. Energy sector stocks gained as Brent crude approached the $100 mark, raising concerns that elevated energy prices could lead to prolonged high interest rates.
Adani Ports rises after emerging as highest bidder for two bulk berths at Paradip port
Adani Ports and Special Economic Zone (APSEZ) added 3.93% to Rs 1776 after the company said that it has emerged as the highest bidder and received the letter of award for the development and operation of two dry bulk berths at Paradip port, Odisha.
Paytm rises 5% to 52-wk high on enterprise AI foray; up 90% from March low
Analyst said that today's buoyancy in Paytm stock was seen as the company expands to a new business, jumping on the agentic AI bandwagon to accelerate a rebound in revenue growth.
Whether we leave anyone behind: Sameer Nigams blueprint for PhonePes second decade
At Global Fintech Fest 2026, PhonePe founderCEO Sameer Nigam framed the companys first ten years as the construction of Indias financial rails and unveiled a second act tied to a single question: whose progress still remains outside the frame?
NSE IPO likely to be priced at 1,700-1,800, OFS may be trimmed to 5.25%
The OFS-only issue may be smaller than earlier envisaged as some shareholders prefer to wait for a potentially better price after listing, sources said
Edelweiss Mutual Fund CEO Radhika Gupta warns that constantly chasing higher-performing investments can undermine wealth creation. Investors may shift from goal-based investing to comparing returns, often chasing recent winners without considering risk, strategy or suitability. She advises focusing on financial objectives, consistency, time horizon and disciplined investing rather than short-term performance.
