The Economic Times

The US Federal Reserve is expected to raise interest rates by 25 basis points, with markets pricing in a high probability of a hike after inflation remained elevated and oil prices stayed above $100 a barrel. The move could push Treasury yields higher, pressure global equity valuations and weigh on foreign flows into emerging markets such as India.

Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on select UPI transactions above Rs 2,000. Citi expects the lender and other banks to see an earnings boost, while Morgan Stanley sees a smaller profit benefit than estimated earlier.

Saatvik Green Energy shares surged 10% after the company secured a Rs 1,041.63 crore solar PV module supply order from SECI, with execution scheduled by December 2027. The order comes amid growing demand for solar modules and renewable energy capacity.

India's leather exports are projected to reach USD 5.5 billion by 2026-27. Trade pacts with the UK and EU will significantly boost these future exports. The India-UK agreement offers zero-duty access for Indian leather goods. Similar duty advantages will also be available under the EU trade pact. The sector currently employs over 4.4 million people.

The Bank of Japan is expected to raise its policy rate by 25 basis points to a 31-year high of 1.25% as rising oil and import costs intensify inflation risks. Investors will watch Governor Kazuo Uedas guidance for signals on further monetary tightening.

The Trump administration is seeking approval for 40,000 2,000-pound bombs for Israel, including 20,000 MK-84s and 20,000 BLU-117s. The package would also contain 20,000 I-2000 penetrator warheads. Trump has already approved more than 35,500 2,000-pound bombs for Israel since returning to office, while the latest 40,000 remain pending.

Paytm shares surged over 7% after brokerages raised target prices following the introduction of MDR on select UPI transactions above Rs 2,000. Jefferies, JM Financial and Emkay Global retained Buy ratings on the stock.

Senator Bernie Sanders and Steve Bannon shared concerns about artificial intelligence dangers. They both criticized powerful technology companies for rapid development and urged greater human oversight. Decisions about AI should involve the public, not just a few wealthy executives. This unusual alliance highlights growing worries over AI's pace and concentrated power. Safeguards are needed to ensure a human-centered approach to this emerging technology.

That tiny pocket in your jeans is not a design mistake or a leftover afterthought. It was purpose-built for pocket watches in the 1800s, survived World War II, outlasted every fashion trend, and quietly holds the whole design identity of denim together. Small pocket, surprisingly big story.

Bank of America Securities projects that the Nifty index could soar to 26,200 by the end of this year. They have pinpointed twenty-two Indian stocks as prime investment prospects, with a strong emphasis on the financials, industrials, and auto sectors. Additionally, power utilities and oil and gas companies are also in the spotlight. The brokerage estimates a promising 12% upside potential for this benchmark index.

A rise in futures open interest indicates an increase in the number of active, unexpired futures contracts in a security.

Bhutan is expanding solar power capacity to meet rising electricity demand. Hydropower faces challenges from low winter river flows and climate change impacts. The nation aims for significant solar energy generation by 2040. Finding space for ground-mounted solar farms presents a considerable challenge. Rooftop solar adoption is limited by high installation costs for individuals.

Over the last five years, BSE has emerged as the top performer in wealth creation. Meanwhile, NSE's unlisted shares experienced more modest growth in comparison. MCX presents a longer pathway for growth due to its early involvement in commodity derivatives. Notably, NSE enjoys a structural edge with its strong market position and cash flow generation. Investors are encouraged to evaluate sustainability and valuations when making future investment choices.

South Korean shares rose on Wednesday, led by heavyweight chipmakers, as investors awaited the Federal Reserves interest-rate decision and guidance. Gains in Samsung Electronics and SK Hynix supported the KOSPI, while higher US Treasury yields kept markets cautious.

Wednesday Wisdom: Powerful motivation of the day by Lauren Graham: Actor Lauren Graham highlights the importance of intrinsic qualities over external successes. She points out that attributes like bravery, kindness, and gratitude shape who we really are, rather than job titles or achievements. Understanding that each individual is inherently valuable, regardless of societal recognition, provides a comforting perspective for those traveling along the unpredictable path of life.

Veegaland Developers Rs 210-crore IPO allotment is expected to be finalised after the issue received 14.60 times subscription. Its Rs 10 grey market premium suggests a modest 7% listing gain, with shares scheduled to debut on the NSE and BSE on September 18.

SpaceX plans its Starship rocket's first orbital flight next week. The launch from Texas aims to deliver twenty-six Starlink satellites. This orbital test marks an exciting new phase for the powerful rocket. Previous flights had exploded. Future commercial flights and Moon or Mars travel depend on further milestones.

For years, buying a home in India has been almost synonymous with investing for many Non-Resident Indians (NRIs). A flat in Mumbai, Delhi, Bengaluru or another major city has represented not just an investment, but also a tangible connection to the country they left behind.

Gold and silver prices rose in domestic markets on Wednesday, with MCX gold futures gaining Rs 1,300 per 10 grams and silver climbing Rs 4,000 per kg. Precious metals remained in focus ahead of the US Federal Reserves policy decision, with markets pricing in a high probability of a rate hike. Here are key levels to track.

In 2023, while small and mid-cap stocks experienced notable increases, a trend among professional investors is emerging towards largecap companies. This shift stems from concerns over stretched valuations in the smaller sectors, which present limited investment potential. Largecap stocks are viewed as safer bets, boasting greater earnings predictability and attractive price points.

Three Nifty 500 stocks closed more than 0.5% above their respective VWAPs on September 15, according to StockEdges technical scan data. ONGC led the list, followed by Sona BLW Precision Forgings and Firstsource Solutions.

Arbitrage funds are taxed like equity mutual funds. This means they qualify for long term capital gains tax of 12.5% if investments are held for more than a year. If investments are for less than a year, short term capital gains tax of 20% will be applicable.

Hero Motors IPO opens for subscription on September 16 and closes on September 18, with the company seeking to raise Rs 1,000 crore. The IPO has a price band of Rs 79-Rs 84 per share, while its grey market premium currently signals a potential 23% listing gain. Heres a look at the issue details, financials, objectives and analyst view.

Meal planning aids in achieving high-protein and high-fibre goals without extensive cooking. Mumbai nutritionist Vanshika Khurana shares a daily plan focusing on protein-rich dairy, soy, and seeds. Breakfast includes a yogurt bowl with muesli and mixed seeds for sustained energy. Lunch features air-fried pizza toast using protein-rich bread and paneer. Dinner consists of soya chukani with rice and a side salad.

Allied Blenders and Distillers is likely to be in focus after receiving a Telangana excise licence to manufacture malt spirits at its Rangapur facility. The licence allows the company to produce around 4.4 million BL annually, enabling in-house sourcing of malt spirit. The move is expected to support raw material requirements, improve operational efficiencies and strengthen its premium portfolio.

Paytm, MobiKwik and Pine Labs are likely to remain in focus after the government announced MDR on select UPI transactions above Rs 2,000. From October 15, merchants will pay a 0.4% fee on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more.

Saudi Arabia's Crown Prince met Egypt's President seeking support against Houthi rebel attacks. These attacks threaten vital shipping lanes and Saudi oil infrastructure significantly. The Houthi advances have also intensified the conflict within Yemen itself. Egypt's backing offers political influence and international rallying for Saudi Arabia. The kingdom faces difficult choices regarding military action or diplomatic solutions.

Saudi Arabia has indirectly approached Israel for intelligence assistance against the Houthis through US Central Command, despite not recognising Israel or maintaining diplomatic ties with it. The outreach comes as Houthi forces impose a maritime blockade threatening Saudi economic and energy interests, while Pakistan, a partner in the Mecca defence pact with Riyadh and Trkiye, has not committed to immediate military action.

Drake unveils a self-funded visual project named 'FOMO', diving into the essence of life choices and the importance of seizing the moment. With a strong connection to his ardent passion for storytelling through visuals, this film encourages audiences to abandon their hesitations and embrace possibilities.

President Trump has personally reacted to Supreme Court decisions, both favorable and unfavorable. He expressed frustration after the court rejected his administration's mail ballot restrictions. The Supreme Court has granted Trump numerous victories on emergency appeals, advancing his agenda. However, the court has also delivered high-profile losses on tariffs and birthright citizenship. Justices are asserting independence from the president, especially regarding election matters.

Manika Plastechs Rs 125.50-crore IPO entered its final bidding day after being subscribed 8.30 times by Day 2, led by strong retail demand. Its grey market premium fell from 26% to 7%, indicating a modest potential listing gain.

Colombian football star James Rodriguez has retired from international duty. He announced his emotional decision on social media for his fans. Rodriguez had a significant career, winning the Golden Boot in 2014. He represented Colombia in multiple World Cups and Copa America tournaments. The midfielder leaves behind a legacy with 131 caps and 31 goals.

SS Retail IPO opens for subscription on September 16, with the Rs 500 crore issue closing on September 18. The IPO has a price band of Rs 403-424.

Trust Smallcap Fund has emerged as the best performing fund in its category over the past year, delivering a 34% return as investors reassess the potential of Indias broader market.

The Federal Reserve is expected to raise interest rates for the first time since 2023, responding to persistent inflation and recent hotter-than-expected data. The move could strain Chairman Kevin Warshs relationship with President Donald Trump. Policymakers may signal further hikes, while dissenting views within the Fed could complicate Wednesdays decision.

A news helicopter crashed in Chatsworth on Tuesday evening, killing three people. The aircraft was covering a separate deadly SUV-bus collision when it went down. Firefighters found the helicopter and nearby vehicles engulfed in flames upon arrival. Four individuals were assessed at the scene, with three pronounced dead. The National Transportation Safety Board will investigate the cause of the crash.

Jindal Supreme IPO opens today, September 16, and will remain open until September 18. The issue comprises a fresh issue of Rs 99.89 crore and an OFS of Rs 24.99 crore. The IPO is commanding a GMP of around 29% ahead of opening, while allotment is expected on September 21 and listing on NSE and BSE on September 23.

Former CEO Aditya Kulkarni described modern parenting in Indian metros as a well furnished prison, arguing that families have lost the village-like support once provided by neighbours and grandparents. Parents now pay for nannies, daycare and other services while managing demanding careers. He said every arrangement comes with a cost, whether money, career, parental presence or retirement, leaving families with difficult trade-offs.

Billionbrains Garages Ventures shares fell after a large block deal occurred. Peak XV Partners and Sequoia Capital were reportedly selling their stake. Jefferies maintains a Buy rating on the Groww parent company. The brokerage sees significant upside potential from the current stock price. Groww reported strong year-on-year profit growth in its recent quarterly results.

Jos Buttler became the second-highest T20I run-scorer, surpassing Rohit Sharma. He achieved this milestone during England's dominant victory over Sri Lanka. Buttler scored a rapid 80 runs off just 44 balls in the match. Harry Brook also contributed significantly with an unbeaten 114. This win marks England's thirteenth consecutive T20I victory against Sri Lanka.