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Business / The Economic Times

Glenmark initiates multi-nation Phase 3 clinical trial for lung cancer drug

Glenmark Pharmaceuticals has commenced a Phase 3 clinical trial across multiple countries, including India, Russia, Brazil, and Mexico, for Envafolimab, a novel drug targeting third-stage non-small cell lung cancer (NSCLC). The trial aims to evaluate the drug's efficacy, safety, and other key parameters in NSCLC patients.

5 Sep 2025 4:46 pm
Vodafone Idea shares jump 12% on buzz of $1 billion rescue bid, extend 3-day surge

Vodafone Idea shares rose sharply on Friday amid reports the government is seeking a strategic investor to infuse $1 billion. The stock extended its three-day rally, even as relief on AGR dues and fresh fundraising options remain under consideration.

5 Sep 2025 3:50 pm
Sensex, Nifty50 end little changed as IT, consumer selloff offsets GST 2.0 led rally

Indian benchmark indices Sensex and Nifty concluded Friday's trading session with minimal movement. Profit booking in consumer and IT sectors counteracted gains in the auto industry, which was boosted by proposed tax cuts under the GST 2.0 overhaul. The Sensex experienced a slight decrease, while the Nifty 50 saw a marginal increase.

5 Sep 2025 3:49 pm
Governments growth push yet to reflect on markets, says Gautam Duggad

Gautam Duggad notes that while government measures including rate cuts, tax relief, and GST rationalisation have boosted structural stimulus, markets have remained cautious. He expects earnings growth to revive in the second half of FY25, led by discretionary consumption and smaller sectors such as capital goods, cement, retail, healthcare, and metals.

5 Sep 2025 3:11 pm
Multibagger in 6 months, GMDC shares surge 13% to hit fresh 52-week high

GMDC is one of Indias leading mining and mineral processing companies with operations for more than five decades.

5 Sep 2025 3:07 pm
Netweb Technologies shares rally 32% in 5 days. Here are 4 reasons why

Shares of Netweb Technologies surged for a fifth straight session on Friday, climbing as much as 9.7% to Rs 2,908.20 on the BSE and extending their five-day rally to nearly 32%. The stock has been buoyed by optimism following the companys recent AGM, a Rs 1,734 crore sovereign AI order, sustained buying momentum, and bullish technical signals.

5 Sep 2025 3:03 pm
$7 billion profit! Wall Street trader who milked crores from India turned Trump tariffs into a fortune

Jane Street posted Q2 2025 profits of $6.9 billion on revenues of $10.1 billion, fueled by Trumps tariff-driven market volatility, outpacing major US banks.

5 Sep 2025 2:59 pm
ITC, Varun Beverages, other FMCG stocks slide up to 4% on profit-taking, snap 5-day rally after GST 2.0 boost

FMCG stocks including ITC and Varun Beverages fell up to 4% on Friday as investors booked profits, snapping a five-day rally driven by GST 2.0 reforms. The Nifty FMCG index slid 2%, with analysts saying the sell-off may be short-lived amid consumption growth hopes.

5 Sep 2025 2:57 pm
Metals, hospitality in focus as GST cuts reshape market themes, cautious on NBFCs: Ashish Chaturmohta

The recent GST rate cuts have sparked a rally across consumption-linked sectors, with NBFCs, metals, hospitality and cement stocks emerging as key talking points for investors.

5 Sep 2025 2:54 pm
GST reforms a growth trigger, dips offer opportunity, says Rahul Shah

He noted that the downside in equities is likely to remain limited, with sentiment gradually improving across sectors. The clear beneficiaries we saw in the initial round were consumer discretionary companies, FMCG, auto companies, and so on. My sense is we will continue to see more upside in the markets, and any decline in the near term would be a good opportunity to invest.

5 Sep 2025 2:47 pm
GST rate cut benefits should reach aam aadmi, FM Nirmala Sitharaman says

Finance Minister Nirmala Sitharaman asserted that the benefits of GST rate cuts must reach the common man. The Centre is closely monitoring the implementation of the new tax regime, effective September 22. Manufacturers, industry stakeholders, and even state governments will be held accountable if the promised relief is not passed on to citizens.

5 Sep 2025 2:36 pm
Reliance Industries may earn $500 mn annual EBITDA from Russian oil, but refining margins fuel real growth: Jefferies

Further, European diesel spreads are firm on lower imports after the EU announced a ban on refined product imports made from Russian crude starting January 21, 2026. Gasoline margins are strong, with US gasoline inventories at a 5-year average. The report further stated, Reliance has the flexibility to produce diesel from Middle East crude for export to the EU.

5 Sep 2025 2:35 pm
Supreme Court ruling on IEEPA could reshape US tariff strategy

The US-Japan auto tariff cut and potential easing of semiconductor duties signal shifting trade policy, but Jahangir Aziz warns deeper uncertainties loom with IEEPA under judicial review. He highlights risks for global trade, Indias cautious stance, and temporary boosts from GST reforms and consumption measures.

5 Sep 2025 2:04 pm
GST Diwali Dhamaka has a catch, but govt is watching

The government is closely monitoring businesses to ensure that the recent GST rate cuts reach consumers, especially during the festive season. Ministries are collecting price data and urging companies to voluntarily pass on the benefits. While some industries have pledged to reduce prices, concerns remain about full transmission due to factors like existing inventory and lack of consumer awareness.

5 Sep 2025 2:01 pm
F&O Radar | Deploy Short Strangle in Nifty to benefit from Theta decay amid expected consolidation

Nifty 50 showed mixed but positive activity this week, rebounding from 24,405 with support at 24,60024,650 and resistance near 25,150. Market remains range-bound, favoring a Short Strangle options strategy to benefit from consolidation and time decay.

5 Sep 2025 1:44 pm
Mahindra & Mahindra is GST 2.0s biggest auto winner. 5 reasons why

Mahindra & Mahindra shares jumped up to 9% after GST 2.0 tax cuts, with brokerages calling it the biggest auto sector beneficiary. Lower rates on SUVs and tractors are expected to significantly boost its growth prospects.

5 Sep 2025 12:50 pm
Maruti Suzuki shares may climb 17% to Rs 17,000, says ICICI Securities citing two growth drivers

Maruti Suzuki shares: ICICI Securities sees strong auto demand revival driven by GST cuts and new launches, reiterates BUY on Maruti Suzuki with a raised target of 17,000, implying 17% upside. The outlook is further supported by tax reliefs, rate cuts, and Pay Commission revisions.

5 Sep 2025 12:47 pm
Teachers Day: 5 investing lessons from market gurus every investor must know

As India celebrates Teachers Day, investors can draw lessons from global market icons. Warren Buffett champions low-cost index funds, Rakesh Jhunjhunwala stresses patience and calculated risk, Charlie Munger highlights the value of waiting and avoiding debt, Jim Rogers urges independent thinking, and Benjamin Graham emphasizes a margin of safety. Their timeless wisdom continues to guide long-term wealth creation.

5 Sep 2025 12:44 pm
Ranbir Kapoor-backed Prime Focus shares hit 10% upper circuit on reports of block deal

Prime Focus shares jumped 10% after a significant block deal. Around 47.5 lakh shares changed hands. This follows news of Ranbir Kapoor's investment in Prime Focus Studio. The company approved issuing over 46 crore shares. Prime Focus, founded by Namit Malhotra, is known for visual effects. Its subsidiary, Double Negative, has won multiple Academy Awards.

5 Sep 2025 12:40 pm
Global risks and US tariffs cloud Japans economic outlook

In July, Japanese real wages rose 0.5% YoY, boosted by summer bonuses, while household spending grew modestly. Inflation and global risks keep the Bank of Japan cautious on rate hikes.

5 Sep 2025 12:29 pm
GST cuts: Q3 to set positive momentum for rest of FY26: Umesh Revankar of Shriram Finance

Shriram Finances Umesh Revankar said GST rate cuts will revive demand in autos and consumption, boost festive season purchases, spur credit growth, and benefit MSMEs and traders.

5 Sep 2025 12:22 pm
MosChip Technologies shares skyrocket 42% in 1 week. Heres why the stock hit record high today

Moschip Technologies hit a 52-week high after a 42% weekly surge, driven by record trading volumes and optimism around Indias semiconductor push. With no institutional holdings, retail investors dominate ownership. Strong technical indicators show bullish momentum, though RSI suggests overbought levels. Government ISM 2.0 plans add further tailwinds.

5 Sep 2025 12:16 pm
Rupee slips to record low of 88.36 vs USD; likely RBI intervention caps losses

The Indian rupee plummeted to a record low of 88.36 against the U.S. dollar due to concerns over potential U.S. tariffs on India. The Reserve Bank of India likely intervened to curb further losses as foreign portfolio investors continued to withdraw from Indian equities. MUFG forecasts the rupee could weaken further to 89 by early 2026 if tariffs persist.

5 Sep 2025 12:11 pm
GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report

SBI's research indicates that GST reforms, including rate reductions, will result in a minimal revenue loss of Rs 3,700 crore, contrasting with the government's estimate of Rs 48,000 crore. The GST Council's move to a two-tier structure is expected to positively impact the banking sector through cost efficiencies.

5 Sep 2025 12:11 pm
Tax cuts to drive growth in small car segment, says Maruti Chairman RC Bhargava

RC Bhargava, Chairman of Maruti Suzuki, has lauded the government's corporate tax reforms. He believes this move will revitalize the auto sector. Bhargava expects the small car segment to grow significantly. He projects an annual growth rate of around 10% for small cars. The overall industry growth could reach 7% to 8%.

5 Sep 2025 12:08 pm
Ethereum falls 3% in a week to $4,322; Bitcoin trades near $111K as gold draws attention

Ethereum falls over 3% in the past week, trading at $4,322, while Bitcoin steadies around $111K. Experts attribute the ETH decline to ETF outflows and weak September seasonality, while BTC momentum remains inconclusive until a daily close above $114K. Meanwhile, golds fresh record highs are drawing investor attention, highlighting a shift toward safe-haven assets amid ongoing market volatility.

5 Sep 2025 11:56 am
Gold prices rally by Rs 3,000/10 gm in September month. Whats ahead?

Gold futures on MCX have risen significantly in September. This surge is fueled by hopes of a Federal Reserve rate cut and geopolitical tensions. Silver futures also saw gains. Experts suggest specific trading ranges for gold and silver, advising to buy on dips. Physical gold prices vary across major Indian cities like Delhi, Mumbai, Chennai and Hyderabad.

5 Sep 2025 11:45 am
Structural stimulus sets stage for market recovery, says Ajay Bagga

Ajay Bagga sees the governments tax cuts and liquidity push as a structural stimulus that could drive consumption and support market recovery. While rural demand is strong, he believes urban demand during the upcoming festive season will determine the pace of economic revival.

5 Sep 2025 11:39 am
Smallcap multibagger stock hits 5% upper circuit after Rs 5.5 crore investment by Porinju Veliyath

Fratelli Vineyards shares: Investor Porinju V Veliyath bought 5 lakh shares worth 5.5 crore. The move coincides with the GST Councils shift to a simplified two-slab GST 2.0 structure, which hikes taxes on sin goods to 40%.

5 Sep 2025 11:28 am
From Rs 1 lakh to nearly Rs 3 crore: TVS Motors 27,852% rally has more steam left; here's why

TVS Motor Company's shares have surged since their 2000 listing, delivering impressive returns. Recent GST cuts on two-wheelers and the launch of the NTORQ 150 hyper sport scooter are expected to further boost the company's growth. Despite being in overbought zone, brokerages remain positive, citing strong sales figures and potential benefits from the GST reduction.

5 Sep 2025 11:25 am
Dreamfolks Services shares fall 2% as Travel Food terminates contract

Dreamfolks Services shares fell after Travel Food Services ended its lounge access contract, effective September 15, 2025, citing failed renegotiations over commercial terms.

5 Sep 2025 11:11 am
Motilal Oswal upgrades Swiggy to buy rating, sees 32% upside potential. Should you invest?

Motilal Oswal projects stronger growth for food delivery and quick commerce, upgrading Swiggy to buy with a Rs 560 target and maintaining Eternal at Rs 420. Easing competition, GST reforms, and festive demand are expected to drive profitability, boosting investor confidence in the sector.

5 Sep 2025 11:09 am
Trump finalizes tariff cuts on Japanese autos and goods

US President Donald Trump signed an order lowering tariffs on Japanese autos and goods, cutting car duties from 27.5% to 15% and securing a $550 billion Japanese investment pledge. The deal provides relief to Japans economy but poses political challenges at home.

5 Sep 2025 10:57 am
India eyes new pharma markets amid US tariff risks

India plans to diversify pharma exports beyond the U.S., targeting semi-regulated markets in Africa, Latin America, and Southeast Asia. Pharmexcil is boosting sales to China to help reduce the $99.2 billion trade deficit, while tariff uncertainty in the U.S. remains a key concern.

5 Sep 2025 10:49 am
India bonds rise as fiscal worries ease, US peers up

Indian government bonds saw a slight increase. This is due to reduced worries about fiscal issues after tax changes. Also, higher U.S. Treasury yields boosted market confidence. The benchmark 10-year bond yield moved to 6.4814%. Market anticipates potential measures from the Reserve Bank of India. U.S.

5 Sep 2025 10:48 am
The Silent Guardians: How Teachers and Insurance Build Resilience

The article draws parallels between lessons taught by teachers and the role of insurance. It highlights values like preparedness, discipline, empathy, sharing, and resilience, showing how both education and insurance focus on protection, responsibility, and support in times of need. Teachers and insurance alike shape stronger, secure futures.

5 Sep 2025 10:48 am
GST exemption on insurance a game changer, says PB Fintechs Yashish Dahiya

PB Fintech's CEO, Yashish Dahiya, hails the GST exemption on individual life and health insurance as a landmark reform, emphasizing its potential to boost awareness and adoption. He believes the government's move sends a strong signal about the importance of these essential products for families.

5 Sep 2025 10:42 am
IPO-bound Oyo to consider 1:1 bonus issue; unlisted shares rise 25% in 1 month

Oravel Stays Ltd (Oyo), gearing up for its IPO, has revealed that its board will deliberate on issuing bonus shares at a ratio of 1:1. This announcement comes as the company's unlisted shares have experienced a significant surge of 25% over the last month. Shareholders recorded by September 30, 2025, will qualify for these bonus shares.

5 Sep 2025 10:40 am
GST cuts: No impact on edible oil, but boost to processed foods demand says Adani Wilmar CEO

GST cuts on margarine, soya nuggets, jams, and jellies are set to boost Indias processed food sector, says Adani Wilmar CEO Angshu Mallick. The reduced rates make plant protein and margarine more affordable, benefiting consumers, farmers, and bakeries, while rural demand is expected to strengthen, driving sector growth.

5 Sep 2025 10:40 am
Policy clarity and cost savings: Real estate set for stronger festive quarter, say experts

Indias real estate sector is set for a festive boost as GST cuts on cement, marble, granite, and other key inputs lower construction costs and improve affordability. Developers and experts say the reforms, coupled with stable interest rates and festive demand, will strengthen housing sales across metros and tier-2 cities.

5 Sep 2025 10:37 am
Adani Power gets shareholder nod for 1:5 stock split

Adani Power received shareholder approval for a 1:5 stock split, as announced in a postal ballot on August 1, 2025. This decision, aimed at enhancing retail investor participation, will subdivide each Rs 10 share into five shares of Rs 2 each. Post-split, the number of equity shares will increase significantly, while the company's capital structure remains unchanged.

5 Sep 2025 10:32 am
Biocon shares rise 2% after USFDA concludes inspection with 5 observations

Biocon shares: The inspection, carried out from August 26 to September 3, 2025, spanned multiple operational areas such as drug substance manufacturing, analytical quality control labs, microbiology facilities, and warehouses.

5 Sep 2025 10:30 am
TVS Motor shares in focus after hyper scooter launch and Nomura upgrade

TVS Motor shares have risen 3% in 2025 but remain 2% lower over the past year. Technically, the stock trades above all key simple moving averages, indicating bullish momentum. However, with the RSI at 80.9, overbought conditions point to a possible near-term pullback. The MACD at 127.7, above center and signal lines, reinforces strong upward momentum.

5 Sep 2025 9:49 am
ITC, HDFC Bank among 5 stocks with up to 29 'Strong buy' calls in Nifty

Analysts are highly optimistic about specific large-cap stocks in India's banking, cement, auto, and FMCG sectors. HDFC Bank and ICICI Bank lead with 29 'Strong Buy' ratings each, reflecting strong confidence. UltraTech Cement, Mahindra & Mahindra, and ITC also garner significant 'Buy' recommendations, driven by robust performance and growth prospects.

5 Sep 2025 9:39 am
How 30 multibaggers soared up to 2,660% in a year when Nifty barely moved

Despite a lackluster year for Indian equity markets in 2025, with the Nifty barely budging, several companies defied the trend, delivering exceptional returns. Elitecon International and RRP Semiconductor led the pack with staggering gains, fueled by sector-specific tailwinds and government initiatives. While global trade tensions loomed, strategic stock picking proved rewarding for investors who identified these hidden gems.

5 Sep 2025 9:37 am
Sensex jumps over 250 pts, Nifty tops 24,800 as GST optimism drives rally to third day

Indian stock markets continued their upward trend. Sensex and Nifty rose for the third consecutive day. This surge was fueled by optimism surrounding proposed tax changes under GST 2.0. Reliance Industries and HDFC Bank were key drivers of this growth. The BSE Sensex opened higher. The NSE Nifty also saw gains, sustaining the positive momentum throughout the week.

5 Sep 2025 9:33 am
FIIs dump Rs 60,000 crore of India's crown jewels in brutal 2-month rout. Whats wrong?

Foreign Institutional Investors (FIIs) have aggressively sold off Indian financial and IT stocks, withdrawing over Rs 60,000 crore in two months due to concerns about earnings recovery and global economic headwinds. This selloff extends beyond these sectors, impacting oil and gas, power, and consumer goods. Despite this, some experts remain optimistic about India's long-term growth potential.

5 Sep 2025 9:33 am
Zydus Lifesciences shares in focus on licensing deal with Synthon for generic ZEPOSIA in US market

Zydus Lifesciences signed an exclusive licensing and supply deal with Netherlands-based Synthon BV to commercialize generic Ozanimod Capsules (ZEPOSIA) in the U.S., used for multiple sclerosis treatment. Synthon, one of the first filers, has FDA tentative approval, qualifying for a 180-day exclusivity period. Zydus will handle commercialization while Synthon oversees manufacturing and supply.

5 Sep 2025 9:29 am