SENSEX
NIFTY
GOLD
USD/INR

Weather

image 28    C

The Economic Times

Company / The Economic Times

ET 40 Under 40 2026: Meet the 40 young leaders shaping India's future

The Economic Times 40 under Forty celebrates its twelfth edition, honoring diverse young leaders. This year's cohort reflects evolving leadership across many professional and creative fields. Financial services and venture capital lead representation, showcasing key economic sectors. Women comprise twenty-seven point five percent of honorees, marking significant progress. These forty individuals are poised to shape India's next chapter.

11 Sep 2026 1:39 am
Fintechs must treat data as fiduciary duty, not business asset, says RBI Governor Sanjay Malhotra

Mumbai fintechs must treat user data as a fiduciary responsibility, not a business asset. RBI governor Sanjay Malhotra stressed trust is key for financial system adoption and endurance. Firms growing significantly must take systemic responsibility beyond their balance sheets. Operational resilience and cybersecurity are essential prices for achieving scale.

11 Sep 2026 1:16 am
Advent, Temasek in talks for Fairfax stake in IIFL Fin

Advent International and Temasek Holdings are reportedly in talks to acquire Fairfax Financial's stake. Fairfax is looking to exit IIFL Finance as part of its IDBI Bank acquisition plan. This stake sale will help Fairfax comply with regulations and fund the IDBI Bank buyout. Fairfax currently holds a significant stake in IIFL Finance, which is valued at approximately 3,500 crore.

11 Sep 2026 12:43 am
Canara HSBC Life fined Rs 1 crore for mis-selling policy to 88-yr-old via Canara Bank

Canara HSBC Life Insurance Company received a 1 crore penalty from IRDAI. The fine was imposed for mis-selling a deferred annuity policy to an 88-year-old individual. IRDAI identified several procedural and disclosure deficiencies in the sales process. The insurer subsequently refunded 4.09 lakh to the affected customer. This action highlights regulatory scrutiny over insurance sales practices.

11 Sep 2026 12:22 am
'Fintechs must treat data as fiduciary duty, not business asset,' says RBI Governor Sanjay Malhotra

Reserve Bank of India governor Sanjay Malhotra stressed data fiduciary responsibility for fintechs. He stated that user data must be treated as a trustee asset, not a business asset. Firms must use data strictly within user consent, protecting it diligently. He warned that eroding trust through data misuse leads to irreversible damage. Operational resilience and cybersecurity are essential for firms achieving significant scale.

11 Sep 2026 12:16 am
FCNR(B) inflows can boost bank lending, support festive demand: Former Standard Chartered Bank MD Sanjeev Mehta

Foreign Currency Non-Resident Bank deposits are significantly enhancing banking liquidity, providing an essential boost for lending opportunities. This heightened liquidity is expected to meet the anticipated consumer demand during the festive season. To avoid financial losses from idle deposits, banks must judiciously allocate these funds. Additionally, this surge in inflows has contributed to stabilizing the rupee against the US dollar.

10 Sep 2026 10:31 pm
Kotak Mahindra Bank's Manish Kothari resigns after 31 years; plans to explore entrepreneurial venture

Kotak Mahindra Bank Group President and Head of Commercial Bank Manish Kothari has resigned after 31 years. He will leave on September 30, 2026, with Kotak initiating a planned transition and integrating his commercial banking portfolio into its retail and institutional business segments. Kothari has indicated that he may explore an entrepreneurial venture.

10 Sep 2026 10:29 pm
Ambani calls upon India Inc to collectively launch ecosystem that supports working women

Mukesh Ambani, at the Hindi launch of Arundhati Bhattacharya's memoir Indomitable, called on corporate India to build a stronger support ecosystem for working women and mothers, pledging Reliance Foundation's full participation and asking Bhattacharya to lead the initiative. He said India is moving from women's development to women-led development, describing women today as architects of progress rather than mere beneficiaries.

10 Sep 2026 10:13 pm
SBI chief Setty says $127 billion FCNR inflow wont trigger lending surge

State Bank of India Chairman CS Setty addressed concerns regarding foreign currency deposit inflows. He stated these funds will be absorbed gradually over the coming months. The central bank's swap facility attracted significant foreign capital inflows. Commercial banks received substantial FCNR(B) deposits, exceeding market expectations. Setty also highlighted structural shifts towards asset tokenization in capital markets.

10 Sep 2026 10:06 pm
In Minnesota, trees were expected to release 23% more CO2 as climate change warms the planet, but a new study found a surprising result

A recent study by the University of Minnesota reveals that trees may emit less carbon dioxide with rising temperatures as young trees, subjected to a 3.4C rise, showed only a five percent increase in carbon release. The surprising result do not suggest that warming has little impact on forests. Instead, they show that trees may be better able to adapt to long-term changes in temperature than scientists previously thought.

10 Sep 2026 9:59 pm
In 2012, New Jersey flagged the Lower Passaic River for oxygen as Newark built 14 stormwater systems. 10 years later, those projects captured 265,845 gallons of runoff yearly

Through a combination of education and innovative green infrastructure projects, water quality in the Passaic River has seen remarkable improvements. Led by Rutgers Cooperative Extension and various partners, these initiatives focused on managing stormwater runoff effectively, ultimately leading to the removal of the Lower Passaic River from the impaired waters list. This success highlights the effectiveness of nonpoint source pollution control in urban environments.

10 Sep 2026 9:54 pm
MCD suspends 3 engineers over dereliction of duty; 8 removed so far after Delhi building collapse

The Municipal Corporation of Delhi announced on Thursday the suspension of three engineers as part of a broader crackdown on negligence in unauthorized construction. This decision follows the prior suspension of a Deputy Commissioner and four engineers related to similar issues. The corporation is reinforcing its commitment to safety by focusing on dangerous buildings, instructing officials to stay alert and respond immediately to any breaches of regulations.

10 Sep 2026 9:51 pm
Ahead of Market: 10 things that will decide stock market action on Friday

Indian markets ended higher after Sensex and Nifty reversed losses during the closing auction, snapping a three-session decline. Crude above $102, weak global cues and rising yields kept sentiment cautious, while Nifty formed a hammer and stocks showed buying interest.

10 Sep 2026 9:26 pm
Global Fintech Fest: Kisshts Next Phase of Growth Means Becoming a Broader Financial-Services Company, Not Just a Lender

A customer base of more than 12 million, rapidly diversifying product suite, and AI integration at enterprise scale perfectly positions digital lender Kissht to become a financial services company with a broad range of products and services. The companys Founder & CEO, Ranvir Singh, says financial prudence and deeper understanding of the customers was a necessity moving forward. He spoke to ET at the Global Fintech Fest. Read on!

10 Sep 2026 8:53 pm
Market Trading Guide: Finolex Cables among 3 stock recommendations for Friday

Indian markets remained volatile on expiry day as crude prices, a weaker rupee and rising bond yields weighed on sentiment. Analysts recommend Finolex Cables, Jindal Saw and Emmvee Photovoltaic Power, citing bullish breakouts, strong momentum, technical indicators and upside targets.

10 Sep 2026 8:36 pm
Indian Bank launches AI-TARA voice banking, Smart Wealth and IND Cash Optima at Global Fintech Fest 2026

Indian Bank launched new digital banking solutions at the Global Fintech Fest. AI-TARA, a voice-based assistant, offers banking services in ten languages. Smart Wealth provides a consolidated view of customer finances and spending analytics. IND Cash Optima digitizes cash management for corporate clients. These innovations aim to enhance customer experience and accessibility for all.

10 Sep 2026 7:30 pm
Citi launches eFPI to cut foreign investor registration time in India to 5 days

Citi has launched eFPI@Citi, a digital solution that can cut foreign portfolio investor registration in India to five business days. The service uses technology to simplify onboarding as global investor interest rises, supporting faster access to Indian capital markets overall.

10 Sep 2026 6:54 pm
Sebi launches Demat 2.0 pilot for tokenised corporate bonds

Sebi has launched Demat 2.0, a pilot for tokenised corporate bonds using distributed ledger technology and wholesale e-rupee settlement. REC, L&T and IIFL have raised Rs 1,025 crore, while future phases will enable trading and retail investor access in India.

10 Sep 2026 6:27 pm
Welspun Corp among 6 smallcap stocks that hit 52-week highs & rallied up to 51% in a month

Six stocks in the BSE 250 Small-cap Index hit fresh 52-week highs as the Sensex gained 138 points to close at 74,902. Welspun Corp led with a 51% monthly gain, followed by Finolex Cables, Chennai Petroleum and Maharashtra Seamless.

10 Sep 2026 6:13 pm
16-year-old Indian student built a kerosene stove that runs on water, won top prize at science exhibition

At 16, Vyasji Mishra, a Class 11 student from Devsar in Madhya Pradesh, developed a hybrid stove that used kerosene and steam as alternative heat sources. The innovation won him a first prize at a science exhibition in 2003. Developed with his elder brother, the stove was designed to reduce kerosene consumption and smoke, though later testing found it could save about 20 per cent fuel.

10 Sep 2026 6:04 pm
Delhi gears up to raise State Disaster Response Force; battalion of 1,100 personnel proposed

Delhi government is forming a State Disaster Response Force for quick calamity response. This initiative follows a recent building collapse which claimed several lives. The National Disaster Response Force will provide essential training and equipment. Delhi's fire department and Civil Defence volunteers will also receive specialised training. The government aims to establish a capable and rapid response mechanism for disasters.

10 Sep 2026 6:04 pm
Psychology says you may want something more the moment someone else wants it, heres why

Psychology suggests that this surprisingly common reaction may be influenced by social comparison, envy, perceived value, scarcity and psychological reactance. However, it does not necessarily mean that you are jealous or competitive. Sometimes, seeing another person show interest in something simply changes the way your brain perceives and evaluates its value.

10 Sep 2026 6:01 pm
School holiday tomorrow, September 11, 2026: Will schools be closed due to heavy rain? Check state-wise updates

School holiday tomorrow: In anticipation of the BRICS Summit, Delhi schools will be closed on September 11, 2026. Weather-related closures may also affect schools in Uttarakhand and Bihar. Meanwhile, Odisha and Himachal Pradesh are keeping a vigilant eye on weather conditions. Schools in Uttar Pradesh and West Bengal are generally expected to remain open; therefore, parents should verify their local school's status before sending kids to classes.

10 Sep 2026 5:58 pm
Manipur CM Yumnam Khemchand Singh visits home of slain musician Chongtham Vikram

Chongtham Vikram, a respected musician and music teacher from Manipur, died following a brutal assault at his residence in Kilokri, New Delhi. He is survived by his wife and son.

10 Sep 2026 5:56 pm
ECB raises interest rates as Iran war fuels inflation fears

The European Central Bank increased interest rates again this year. This action aims to control inflation fueled by energy prices and conflict. The bank now forecasts inflation remaining above its target for some time. Economic growth projections were also adjusted upwards by the central bank. Markets anticipate further rate hikes while the ECB awaits more data.

10 Sep 2026 5:56 pm
SC: Won't agree to any changes in reconstitution of high-powered committee in NEET protests case

The Supreme Court rejected requests to change its five-member committee. This committee will examine police actions against student protesters in Delhi. The court stated it would not presume bias in its appointed panel. It will allow public input and consider all submitted evidence. The committee's findings will assist the Supreme Court's deliberations.

10 Sep 2026 5:41 pm
Sebi completes first phase of Demat 2.0 bond pilot; secondary trading next: Tuhin Kanta Pandey

The Securities and Exchange Board of India (SEBI) has completed the first phase of its Demat 2.0 pilot for corporate bonds and will next bring secondary-market trading into the new technology framework, SEBI Chairman said on Thursday.

10 Sep 2026 5:38 pm
Karan Adani settles PMC Projects case with Sebi by paying Rs 13.65 lakh

The settlement relates to an investigation into banking transactions and inter-corporate security deposits involving PMC Projects (India) Private Limited, Adani Ports and Special Economic Zone Ltd (APSEZ), and the port operator's subsidiaries.

10 Sep 2026 5:31 pm
Sonaselection India IPO opens on September 17 at Rs 94-99 per share

Sonaselection India will launch its IPO on September 17 at Rs 94-99 per share, targeting around Rs 141.6 crore. The Rajasthan-based fabric maker will use proceeds to repay borrowings, buy machinery and fund corporate purposes before NSE-BSE listing.

10 Sep 2026 5:28 pm
CAS stays, but derivatives settlement may change, says Sebi chief Tuhin Kanta Pandey after another 1,000-point Sensex swing

Sebi Chairman Tuhin Kanta Pandey stated the Closing Auction Session is here to stay. Traders express concerns about sharp expiry-day swings linked to this new mechanism. Global index provider MSCI acknowledged its recent rebalancing went well under the new framework. Sebi is reviewing derivative settlement price calculation methods after CAS implementation. The regulator will issue a consultation paper on potential changes to reduce shocks.

10 Sep 2026 5:03 pm
India plans AI registry as it looks to roll out agentic payments, sources say

The landscape of digital finance is evolving as India's payments authority creates a registry specifically for AI agents. This registry aims to verify and oversee AI transactions, initially targeting UPI payments, with potential future expansions. By facilitating agentic payments, AI will be enabled to engage in frequent, minor digital transactions, resonating with global initiatives aimed at the identification and validation of AI-driven financial agents.

10 Sep 2026 3:23 pm
BharatPe unveils BharatPe Flex at Global Fintech Fest 2026, brings credit into everyday UPI payments

BharatPe unveiled BharatPe Flex, a new consumer credit offering built on UPI. This innovative product allows users to access credit limits up to sixty thousand rupees. Eligible users can utilise this credit for everyday UPI merchant payments seamlessly. Spends can be settled in full within forty-five days or via flexible monthly installments. The company also launched a new brand campaign featuring Rohit Sharma to promote this service.

10 Sep 2026 3:07 pm
Explained: Why US ETFs listed in India are trading at steep 65% premiums over the iNAV. Should you worry?

India-listed US ETFs are trading at steep premiums to their indicative NAVs, with some reaching 65%. The divergence appears driven by limited supply due to overseas investment caps, strong demand for US equities and changes in ETF circuit-limit calculations. Investors buying at elevated premiums risk losses if the gap narrows.

10 Sep 2026 2:37 pm
BSE suffers outage, Zerodha users complain of F&O price not reflecting

On September 10, the BSE faced a brief disruption that impacted various cash segment partitions and specific scrips. Once the exchange addressed the technical glitch, regular operations were restored. However, traders using Zerodha reported issues with outdated prices and order placements on certain contracts. Although Zerodha confirmed the resolution, some users experienced lingering technical difficulties.

10 Sep 2026 2:15 pm
Nandan Nilekani unveils three tokenisation pilots at Global Fintech Fest 2026

Regulators and central banks expressed concerns regarding cryptocurrencies and stablecoins. Nandan Nilekani highlighted tokenization's potential within a regulated framework. He discussed three live pilots implementing tokenization across different sectors. These pilots involve tokenizing dairy assets, warehouse receipts, and securitized assets. The underlying technology enables a unified architecture for various asset types and situations.

10 Sep 2026 2:11 pm
Global Market: Blackstone acquires majority stake in South Korea logistics park

Blackstone has secured a dominant share in Sanha Logistics Park II, located in South Korea. This strategic acquisition reinforces Blackstone's foothold in the East Asian market, with the logistics park slated for completion by 2028. Management of the development and assets will remain under ESR. This initiative enhances Blackstone's logistics real estate portfolio throughout the region.

10 Sep 2026 2:10 pm
HDFC Bank says all seven Bahrain claims over Credit Suisse AT1 bonds rejected

HDFC Bank has won all seven Bahrain cases filed by Credit Suisse AT1 bond investors, who accused the lender of mis-selling the risky securities. The Bahrain court rejected all allegations, saying investors failed to provide sufficient evidence linking HDFC Bank to their losses.

10 Sep 2026 1:51 pm
HFCL shares hit lower circuit after 240% rally in 2026. What technical charts now indicate

HFCL shares hit the 5% lower circuit on Thursday, extending their two-day decline to 7% despite a 240% rally so far in 2026. The stock is currently consolidating in the Rs 257218 range, with technical indicators pointing to a sideways bias, according to SBI Securities Sudeep Shah.

10 Sep 2026 12:50 pm
Losing money in Nifty? 8 beaten-down largecap stocks see promoters increase stake in 2026

Promoters raised stakes in eight Nifty largecaps despite stock declines in 2026, with Jio Financial, Bharti Airtel and Reliance among the companies seeing higher holdings. The moves suggest continued promoter confidence amid a challenging phase for largecap equities.

10 Sep 2026 12:49 pm
Molbio Diagnostics shares rally 30% in 2 days, jump 80% since debut. What lies ahead?

Molbio Diagnostics shares have surged nearly 30% in two sessions, extending their post-listing gains to around 80% from the IPO price. The sharp rally comes as the newly listed company reported a strong Q1 FY27 performance, swinging to a profit of Rs 58.75 crore from a loss in the year-ago quarter.

10 Sep 2026 12:19 pm
GFF 2026: After KYC, SBI chief flags Know Your Agent as AI enters banking

Agentic AI's growing use in finance necessitates new checks beyond customer identification. Banks may develop a 'Know Your Agent' framework for autonomous systems. This framework will address AI identity, authentication, and transaction limits. Such systems require accuracy, accountability, and unbiased access for trust. India aims for intelligent inclusion by scaling AI financial services.

10 Sep 2026 12:04 pm
Dilip Buildcon shares rally 12% on bagging Rs 1,800 crore LPG pipeline project

Dilip Buildcon shares rallied after the company received an LOI from PNGRB to develop an LPG pipeline from Paradip to Raipur. The project gives the company an exclusive licence to develop, finance, construct and operate the pipeline, as well as levy and collect transportation tariffs up to the designated delivery point.

10 Sep 2026 11:51 am
Jefferies says Adani Enterprises is the platform behind platforms with 4 major growth levers

Jefferies retained a Buy rating on Adani Enterprises with a Rs 3,830 target, citing its infrastructure incubation model and strong growth potential. The brokerage expects a 23% EBITDA CAGR through FY31, led by airports, data centres and ANIL.

10 Sep 2026 11:50 am
Why Jefferies is bullish on Manipal Hospitals after its 9,000 crore acquisition spree

Manipal Hospitals acquisition-led expansion is entering a key phase, with Jefferies initiating coverage with a Buy rating and Rs 870 target. The brokerage expects strong earnings growth, driven by the turnaround of Sahyadri Hospitals, new bed additions, higher utilisation and operating leverage. However, execution risks at Sahyadri and intensifying competition in Bengaluru remain key concerns for the investment case.

10 Sep 2026 11:16 am
CDSLs IPO jackpot comes with a valuation catch. Jefferies sets Rs 1,315 target

Jefferies retained a Hold on CDSL with a Rs 1,315 target, implying 7% downside from Rs 1,414.90. While the IPO revival could add 34% to earnings, CDSLs EPS is expected to grow 19% CAGR over two years, driven by new demat accounts, IPO income and margin expansion.

10 Sep 2026 11:15 am