The Economic Times

The SEC has proposed new rules to expand access to private assets typically available only to wealthy investors. These rules aim to allow more professionals to qualify as accredited investors, which may lead to higher returns. Critics express concern that this move could expose retail investors to significant risks and fees. Additionally, proposed changes would allow closed-end funds to redeem shares more frequently and offer varied share classes.

ElevenLabs has successfully finalised a notable employee tender offer, achieving a staggering valuation of $22 billion this week. This impressive growth reflects a significant bump from its prior funding round back in February. Noteworthy investors such as Wellington, T. Rowe Price, and Andreessen Horowitz participated. The firms voice technology facilitates over 15 million conversations weekly across diverse applications.

In July, US crude oil production climbed to 13.95 million barrels per day, up from Junes figures. Despite the production surge, the demand for crude oil and petroleum products dropped to 20.61 million barrels per day. Meanwhile, gross natural gas production reached a remarkable 137.0 billion cubic feet per day, with Texas's output increasing to 40.1 billion cubic feet per day, contrasting slightly with a decline in Pennsylvania.

Accelevation's shares began trading below the initial public offering price of $18, reflecting current market instability. The company, which focuses on data center infrastructure, successfully raised $540 million by offering around 30 million shares at a debut price of $17.55. Founded in 2017, Accelevation achieved impressive revenue growth, totaling $447.8 million by 2025 amidst an uncertain U.S. IPO landscape that is impacting this listing season.

Avalon Technologies saw an Rs 870.6 crore bulk deal as three promoter entities sold 40.08 lakh shares, representing 6% equity. Kotak Mahindra Mutual Fund bought 24.02 lakh shares, while Nomura retained its Buy rating and raised its target price.

Indian equities declined for a third straight session, with Sensex losing 49 points and Nifty falling 96 points as rising bond yields weighed on sentiment. Broader markets gained, while analysts highlighted crude prices, inflation and monetary policy uncertainty.

Foreign institutional investors sold over Rs 26,000 crore of Indian shares in three sessions, intensifying Septembers market correction. High crude prices, elevated US bond yields and a weaker rupee pressured equities, while analysts said selective opportunities are emerging across largecaps.

Analysts recommend five stocks for ThursdayJM Financial, IDFC First Bank, Clean Science, City Union Bank and BEMLciting technical signals and support levels. Cautious sentiment persists amid higher oil prices, elevated bond yields, inflation concerns and uncertainty over global monetary policy.

Avalon Technologies saw three of its promoter entities divest a collective 6% stake for a substantial Rs 871 crore via bulk deals, bringing their ownership down from 44.39% to 38.4%. In this strategic move, Kotak Mahindra Mutual Fund bought 24.01 lakh shares priced around Rs 2,171. The deal was struck with share prices fluctuating between Rs 2,171.03 and Rs 2,173.35, while Avalon Technologies closed slightly lower at Rs 2,294.

The dollar faced a downturn against key currencies following unexpected inflation results from the US. The US Commerce Department reported the Personal Consumption Expenditures Price Index increased by merely 0.3% last month, contrary to economists' forecasts of 0.4%. This shift affected market predictions about Federal Reserve interest rate adjustments, resulting in lower US Treasury yields.

Traders took stock on Wednesday, moderating their forecasts for Federal Reserve rate hikes after the latest inflation figures. Reports showed inflation's increase for August fell short of economists' predictions. As a result, futures contracts adjusted to reflect a less than even chance of a rate hike in October. However, there remains strong anticipation for a rate increase by December, showcasing the market's response to shifting economic trends.

Geojit Financial Services will transition leadership on October 1, 2026, with founder C.J. George becoming Executive Chairman and Jones George taking over as Managing Director. The move forms part of the companys succession plan and technology-led growth strategy.

On Wednesday, major indexes on Wall Street experienced a positive start, buoyed by favorable investor sentiment following a recent inflation report. The Dow Jones Industrial Average increased by 74.9 points, reaching a starting value of 51,424.84. Additionally, both the S&P 500 and Nasdaq Composite reflected the market's optimism about future economic stability.

Eight BSE 100 stocks hit fresh 52-week lows as the Sensex fell 49 points to 72,480. PB Fintech, Havells India, Wipro, Britannia Industries, Tata Consumer Products, Godrej Consumer Products, Hindustan Unilever and ONGC recorded new annual lows.

Zerodha founder Nithin Kamath says nearly all of the brokerages leaders have risen internally, with many joining early in their careers. He also discussed Zerodhas long-term approach to social impact, questioning whether mandatory CSR spending delivers meaningful outcomes.

Transport Corporation of India will buy back up to 15.63 lakh shares for Rs 150 crore at Rs 960 each. The tender offer has October 9, 2026 as its record date, with 15% reserved for eligible small shareholders.

Kotak AMCs Nilesh Shah says public markets can offer opportunities after asset bubbles burst, as distressed valuations emerge. Multiples Renuka Ramnath highlights private markets greater control, while both stress diversification, liquidity and risk management across investment portfolios.

BofA Securities initiated coverage on Trent with a Buy rating and Rs 3,075 price target, citing its differentiated retail model, Zudio and Westside growth, integrated technology, supply chain capabilities and long-term market share opportunities.

Vera Vita Living LLP is set to invest Rs 250 crore in a groundbreaking housing initiative dedicated to senior citizens. The project, which encompasses 256 flats on 2.5 acres near the Kandlakoya reserve forest, addresses the growing need for senior living options in South India, especially in Hyderabad. The company is also exploring expansion into new cities, reflecting shifts in lifestyle and priorities among modern elders.

Smartworks Coworking Spaces Ltd has successfully secured new leasing contracts with corporate clients in various cities. The company projects a remarkable Rs 305 crore in rental income over the upcoming five years. Notably, Smartworks focuses on providing managed office spaces tailored for mid-to-large size enterprises. Details regarding the total office space leased were not included in the announcement.

Indian government bonds closed the quarter at their weakest levels in more than two years. Fluctuations in oil prices and rising global yields influenced market conditions significantly. Anticipations regarding rate increases by the Reserve Bank of India affected bond supply fears after increased long-term bond issuance. India's inflation rate in August exceeded the RBI's medium-term target, showing persisted price pressures.

Bitcoin and Ethereum remained relatively steady despite a challenging macro backdrop, with elevated US Treasury yields weighing on crypto markets. Experts said Bitcoins ability to hold key support levels points to underlying demand, while investors await fresh catalysts from macro data, ETF flows and monetary policy for the next directional move.

Market cycles can reshape sector leadership, earnings expectations and valuations. As investors navigate changing interest rates, geopolitical shifts and the rise of artificial intelligence, business quality and valuations remain key. Veteran investor Prashant Jain will share lessons from three decades of market cycles at the ET Alpha Wealth Summit 2.0.

IFSCA plans to introduce a direct-listing framework at GIFT City within months, allowing companies to list shares without traditional IPOs. The move aims to deepen GIFT IFSCs equity market, complementing its growing bond, overseas investment and sustainable finance ecosystem.

Macquarie expects Indian banks to deliver 18% EPS growth in FY28, supported by higher margins, stronger loan demand, easing liquidity pressures and stable asset quality. The brokerage upgraded Bank of Baroda, Kotak Mahindra Bank and select financial stocks.

Indian equities extended their decline on Wednesday, with Nifty slipping below 22,650 as selling pressure persisted at higher levels. Healthcare stocks led the losses, while banks and realty stocks outperformed. Kotak Mahindra Bank, InterGlobe and ICICI Bank were among the top gainers, while Apollo Hospitals and Max Healthcare led the decliners.

India's Kaveri dry engine has completed high-altitude and flight trials in Russia, recording 48.5 kN of peak dry thrust against its target of 46 kN. Developed by DRDO, the engine is intended for India's planned Ghatak stealth UCAV.

As FY27 progresses, India's fiscal deficit climbed to an alarming Rs 7.10 lakh crore within the first five months, representing 41.9% of the projected budget for the year. The total receipts amounted to Rs 13.68 lakh crore, aligning at 37.5% of the total budget. Meanwhile, government spending hit Rs 20.78 lakh crore, with major subsidies also rising to Rs 1.87 lakh crore amidst continuing fiscal challenges.

New Delhi: The government's new Corporate Average Fuel Economy (CAFE-III) norms give the automobile industry a clear plan for future technology investments. Industry representatives said the norms aim to balance environmental goals with flexibility for companies. The new framework is also expected to encourage the use of flex-fuel vehicles and biofuels.Welcoming the notification, Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework provides predi

Chikitha Taniparthi made a remarkable Asian Games debut by winning two gold medals in archery. Her journey began when her father encouraged her to pursue sports over karate. After facing numerous challenges, including financial difficulties, she achieved significant milestones in her archery career. With guidance from experienced mentors, she honed her skills and became a world champion.

UK prisons are currently facing significant overcrowding, with occupancy rates nearing 98%, prompting urgent measures. Authorities plan to implement early release reforms for non-violent offenders to manage the crisis effectively. Historically, early release strategies have occurred several times, with previous instances occurring in the 1980s and 2007. The prison population has dramatically increased despite declining crime rates due to longer sentences and slow prison construction.

The Indian rupee has experienced a decline impacted by elevated crude prices and increasing global bond yields. During the last quarter, the currency fell 1.2%, and monthly losses reached 0.7%. Despite the downturn, the Reserve Bank of India managed to stabilize the rupee through interventions and support measures. Analysts expect the upcoming monetary policy decision to influence the currency's future movement.

Indian companies' credit profiles showed resilience during the first half of fiscal year 2026-27. Despite the energy shock from the West Asia conflict, rating actions remained limited to a few issuers. The supportive domestic environment contributed to sustaining household purchasing power and controlling inflation. Strong revenue growth was noted across various sectors, with significant upgrades in investment-linked domains.

With heavy rains sweeping across India, the preparation for the semifinal clash against Sri Lanka has faced challenges. The team has focused on indoor training sessions while maintaining high spirits. Players are eager to hit the field and recognize the stakes involved in this semifinal. Their optimism about adapting to Nagoya's playing conditions underscores India's cricketing strength and versatility, as they can field several teams at once.

The Indian stock market saw further declines as the Sensex dipped nearly 49 points while the Nifty sank around 96 points by session's end. Rising bond yields spooked investors, dampening market sentiment. Yet, the Nifty Midcap 100 and Smallcap 100 managed to rise by 0.3%, showcasing a surprising resilience in the broader market despite the downturn in leading indices.

Bank of England policymaker Alan Taylor said further rate increases remain unlikely unless higher energy prices generate persistent, broad-based inflation. He noted limited second-round effects, moderate wage growth and subdued food-price pressures. With rates held at 3.75%, policymakers remain divided as they monitor wages, services inflation, energy costs and economic weakness.

The Election Commission plans to meet for a review on decisions made regarding the Special Intensive Revision of the voter list. Concerns have been raised about how the SIR process has been managed, prompting changes to the procedure. Voters will no longer need to appear for hearings concerning discrepancies in their SIR forms. Additionally, in completed SIR states, the online Form 6 for new voters will omit certain parental details.

Ari Emanuel, executive chairman of WME Group, was asked about Meghan, 45, during a recent interview. Emanuel previously represented the Duchess of Sussex. The two reportedly parted ways last year.

Marcellus Investment Managers has officially gained SEBI's green light to launch its mutual fund operations in India. This move opens up opportunities for the company to share its robust investment strategies with a wider market. The fund aspires to direct household savings toward reputable companies known for their governance. Saurabh Mukherjea highlighted the importance of transparency and making investments accessible to all, continuing the firms well-regarded research-driven philosophy.

Flydubai hijacking video: A flydubai flight from Dubai to Tel Aviv made an emergency landing in Saudi Arabia after a reported confrontation between the pilots. Passengers described screams, blood in the cockpit and an alleged stabbing, while the aircraft briefly transmitted a hijacking code and plunged thousands of feet. Israeli authorities scrambled fighter jets as the incident unfolded.

Eurozone bond yields eased Wednesday from multi-year highs as investors tempered expectations for further rate hikes. Germanys 10-year yield fell to 3.57%, while French and Italian borrowing costs also declined but remained sharply higher for September. Falling energy prices and cautious central-bank signals offered relief, ahead of key inflation data.

Indian tax authorities have identified major appliance companies incorrectly claiming tax credits for non-existent e-waste processing services. The companies relied on documents from a recycler accused of fabrication and lacked verification of actual work done. Haier, Godrej & Boyce, and Blue Star face penalties for these false claims, totaling about $714,000. Investigators have found manipulated photographs used to support compliance with recycling regulations.

South Africa vs Australia Predicted Playing 11: In a thrilling showdown, South Africa is set to clash with Australia in the third ODI at Senwes Park, Potchefstroom. With the Proteas leading the series 2-0, they seek to clinch a clean sweep. Playing elevens from both sides are confirmed, and the weather predicts a cloudy day. Bowlers will shine on this pitch while fans in India can catch all the action live on the FanCode app.

Gayatri Oberoi, best known for playing Geeta opposite Shah Rukh Khan in Swades, lives in Mumbais Juhu mansion with husband Vikas Oberoi. Designed by Italian architect Piero Lissoni, the 75,000 sq ft, nine-storey residence features a rooftop infinity pool overlooking the Arabian Sea, a private theatre, gym, spa and spaces designed for grand entertaining. The home also blends Italian-inspired interiors with an impressive collection of Indian art, including works by MF Husain, Ravinder Reddy and Ma

TRUSTMF Small Cap Fund delivered the highest SIP return among smallcap funds over the past two years, followed by Bank of India Small Cap Fund and Union Small Cap Fund. The category average stood at 14.25%, while the benchmark returned 9.78%.