The Economic Times

The Reserve Bank of India rejected Tata Sons' application to surrender its registration. This decision allows for the potential public listing of the conglomerate's holding company. Tata Sons must now comply with regulations for upper-layer NBFC entities. The central bank's framework classifies companies with assets over one lakh crore rupees. This ruling ensures Tata Sons remains under stricter regulatory oversight for at least five years.

India's largest private lender HDFC Bank has submitted the names of two candidates to the Reserve Bank of India for the position of managing director and chief executive officer, Bloomberg News reported on Saturday, citing an exchange filing.

HDFC Bank has submitted two preferred candidates for its next MD and CEO to the Reserve Bank of India. The bank's board approved these candidates and their remuneration for a three-year term. V Srinivasa Rangan will be reappointed as an executive director for one year. Jimmy Tata, currently chief credit officer, is also appointed as an executive director.

HDFC Bank's board has recommended two candidates for the next MD and CEO role. These proposed appointments are for a three-year term, pending regulatory approval. The bank also approved reappointment of V. Srinivasa Rangan as Executive Director. Jimmy Tata was also appointed as a Whole-time Director, subject to central bank approval. An additional Whole-time Director position will be created for improved oversight and succession planning.

The technical structure has deteriorated following the violation of the important 23,900

In a significant operation, the National Investigation Agency executed searches at ten different locations in Jammu and Kashmir, revealing ties to a cross-border terror plot involving handlers from Pakistans Lashkar-e-Taiba. Incriminating materials were gathered and are under scrutiny. This investigation was initiated following the arrest of an Over Ground Worker discovered with a grenade and ammunition, with the goal of exposing the full extent of the cross-border terrorism infrastructure.

The Allahabad High Court has criticised the Uttar Pradesh government's use of the Goonda Act. The court observed the stringent law was used as a tool for harassment. It quashed an order declaring Zahid Ali a goonda and externing him. The court noted an acquitted case was wrongly used against Ali. This ruling highlights the need for caution when invoking the powerful Goonda Act.

Chinese President Xi Jinping urged BRICS nations to champion peace and stability globally. He specifically highlighted the ongoing Middle East war and its severe regional losses. Xi called for BRICS members to play a pioneering role in achieving peace. China will collaborate with other BRICS members on this critical initiative. The bloc's expanded agenda now includes global peace and geopolitical influence.

The regulator has proposed two options for determining expiry-day settlement prices for index and stock derivatives, changes to the timing of the continuous trading session (CTS), CAS and derivatives trading, and additional measures aimed at improving the functioning of the auction.

In an innovative move, Sebi has rolled out Demat 2.0, a pilot scheme aimed at tokenising corporate bonds. This initiative facilitates rapid settlement and instant fund retrieval for investors. It automates interest and redemption payments through smart contracts, while atomic settlement mitigates risks by coordinating the release of bonds and payments seamlessly. Future developments will broaden this system's reach to secondary markets and individual investors.

Despite the overall decline, 10 stocks delivered gains ranging from 20% to 130% during the period. CMR Green Technologies was a newly added stock to the portfolio during the June 2026 quarter

For FY27 to date, BSE

A gym member who paid Rs 15,500 expecting nationwide access to training was denied entry at a franchise branch in another city after relocating, with the parent company and franchise blaming each other over a failed transfer. The Ernakulam consumer commission ruled in his favour, ordering both to jointly pay him Rs 19,400

Jennifer Aniston turned a Beverly Hills property into a serene sanctuary named Ohana, collaborating with interior designer Stephen Shadley on a comprehensive two-year renovation. The house was infused with Balinese aesthetics and sustainable elements, showcasing not only beauty but also environmental consciousness. Ultimately, Aniston sold this masterpiece in 2011, reflecting her vision and patience in home renovations.

Displaying the slogan, Don't let them cheat you the third time, the hoardings bearing the symbols of both parties signal an imminent pre-poll arrangement between Kejriwal's party and the Vijai Sardesai-led fold for the 2027 state elections.

NSE MD and CEO Ashish Chauhan said the exchange had invited shareholders to tender shares before filing the draft red herring prospectus. He said bankers advised the exchange on pricing, while the IPO size was based on the shares tendered by shareholders on the day of the updated draft red herring prospectus.

With a stock price target price of Rs 1,250, the brokerage forecasts an upside of 17%. The lender will transition from a small-finance bank to a Universal bank that can lower funding cost, lift fees and strengthen brand to aid growth. Over FY26-29, strong deposit growth will aid credit growth of 22% CAGR and 29% in PPP (ex-treasury), highest in its coverage.

In its red herring prospectus (RHP), NSE has highlighted its market leadership, scale, profitability, technology infrastructure and cash generation as key strengths. The exchange, however, has also flagged several risks, including dependence on trading volumes, regulatory changes and increased scrutiny.

NSE will be the biggest issue of the week, with an IPO size of Rs 22,562 crore. Hero Motors will follow with a Rs 1,000 crore issue. The two IPOs will dominate investor attention, while the remaining mainboard and SME issues will compete for retail and HNI money during the same period.

Weather Today: IMD has forecast rain across several states on September 12, with Delhi, Punjab, Uttar Pradesh, Madhya Pradesh, Gujarat, Andhra Pradesh, Telangana and Karnataka all seeing varying chances of showers. Heavy to very heavy rainfall is possible in parts of Madhya Pradesh, Gujarat, Andhra Pradesh and Telangana during the coming days.

Rawat, a former CM, was a member of the Uttarakhand Pradesh Congress Committee executive and a permanent invitee to the Congress Working Committee at the national level.

Russian President Vladimir Putin warned European nations against sending troops to Ukraine. He clarified that Russia does not threaten European countries and has no conflict grounds. Sending troops to Ukraine would mean a direct war with Russia, Putin stated. Prime Minister Narendra Modi met Putin in New Delhi to discuss trade and cooperation. The leaders met ahead of the 18th BRICS Summit in India.

Odisha secured investment proposals exceeding Rs 2.43 lakh crore from the UAE. The outreach program yielded twenty-four MoUs and investment intents from various sectors. These proposed projects are expected to create over 6.18 lakh jobs in Odisha. Major companies signed MoUs for LNG storage, green energy, and housing projects. The initiative concluded with an investors' meet and engagement with the Odia diaspora.

China and India are arranging a bilateral meeting between their leaders. This proposed meeting marks the third consecutive year of engagement. Beijing seeks to build on strategic guidance and enhance cooperation. The engagement follows a period of tensions after the Galwan Valley clash. Both nations aim to consolidate recent improvements in their bilateral ties.

BRICS Traffic Diversions: Delhi traffic police has imposed restrictions and diversions on September 12 due to the BRICS Summit, affecting key roads and routes to the airport and major railway stations. Passengers travelling by flight or train should leave early, check diversions and verify train running status before starting their journey.

Shelton pulled out a 4-6, 6-3, 6-3, 7-5 victory on Friday and will play No. 1 seed Alexander Zverev on Sunday for the U.S. Open title.

Russian President Vladimir Putin blamed Western systemic mistakes for current European challenges. The far-right Alternative for Germany party surged to first place in Saxony-Anhalt elections. This historic win marks the first time a far-right party topped a state election since World War II. Former Chancellor Angela Merkel acknowledged some past decisions fueled support for the AfD. Mainstream parties maintain a refusal to cooperate with the AfD, known as the 'firewall'.

Prime Minister Modi and President Xi Jinping will meet amid improved India-China relations. A deadly 2020 border clash led to increased scrutiny and bans on Chinese apps. Disengagement pacts were reached, pulling back troops from several confrontation points. Trade and business ties have since improved significantly between the two nations. However, substantial military deployments and territorial disputes continue to remain.

Global investors are reducing Indian equity exposure due to a lack of AI investment themes. Foreign portfolio ownership has fallen to a seventeen-year low as funds exit the market. India now ranks as the least-favored market in Asia according to a recent survey. Local institutions are providing support, but foreign capital remains a concern. Investors seek more durable foreign direct investments to fuel manufacturing ambitions.

Zverev, who spent almost three hours on court in Friday's semifinal, recovered from deficits in both tie-breaks to defeat the World No. 50 and book his place in his sixth major final.

Indian equities experienced a decline on Friday, mirroring Asian markets' downward trend. Both Nifty and Sensex indices closed lower for a fifth consecutive week. Rising crude oil prices and US bond yields kept investors on edge throughout the trading session. Broader market indices also saw a dip, reflecting the overall market sentiment. Despite some recovery, the market's fear gauge, VIX, increased significantly.

The National Stock Exchange of India's IPO opens September 17, closing September 21. Its price band is set between

U.S. health officials have officially declared the conclusion of the largest multistate cyclosporiasis outbreak in the nation. This severe incident involved contaminated iceberg lettuce, leading to widespread illnesses and significant food recalls. The outbreak has been traced back to lettuce harvested by Taylor Farms in central Mexico, resulting in over twelve thousand reported cases and two fatalities across twenty-one states.

Pointing to India's crucial role in the expanding global network, the US Embassy highlighted that New Delhi's booming digital economy, surging demand for cloud and AI capabilities, and strategic geographical location linking major global markets present significant opportunities for the country to establish itself as a primary global subsea cable hub.

Apollo Global Management is in discussions to acquire Johnson & Johnson's orthopedics division, which could be worth around twenty billion dollars. In addition to this, Johnson & Johnson is contemplating the option of spinning off this unit into a separate public entity. This strategy aligns with the company's aim to concentrate on more lucrative healthcare areas, reflecting the growing private equity interest in the healthcare industry.

President Donald Trump has expressed his willingness to permit Chinese automakers to set up production plants in the United States, provided they hire American workers. He clarified that he opposes the idea of these companies manufacturing vehicles in Mexico. With Japan already having established manufacturing operations in the US and employing local labor, Trump's statement comes amid considerable pushback from US lawmakers and domestic car manufacturers.

Shapoor Mistry seeks 25,000 crore from Tata Sons for SP Group's stake. This proposal aims to raise cash while preserving Tata Sons' private status. Discussions are ongoing regarding transaction structure and valuation for a potential buyback. SP Group faces pressure from lenders and needs to monetize its holding. Monetization amount will depend on valuations and immediate funding needs.

Quote of the day by Florence Nightingale: Live your life while you have it. Life is a splendid gift. There is nothing small in it. Her words centre on using life with intention and finding value in even its ordinary moments. The idea speaks to how we handle uncertainty, setbacks, relationships and the choices that quietly shape our days.

High school student Alex Patrone found a meaningful project during quarantine after receiving a 3D printer for his birthday. After making household items, toys, puzzles, containers, stands, and other products for his family, he decided to combine his interest in 3D printing with his desire to help people who were less fortunate. Through his project, Will Print for Food, Patrone offers 3D-printing services to the public and directs 100% of the profit, after materials and shipping costs, to charit

Reese Witherspoons former Libbey Ranch in Ojai was a seven-acre property combining historic architecture with extensive grounds and multiple amenities. Designed by architect Wallace Neff, the property was originally built in 1923 as stables for Edward Libbey. The ranch featured a two-story main house, guest cottages, a carriage house, swimming pool, barn, stables, pastureland and mature oaks. Witherspoons acting career and other real estate holdings were also noted.

Gulf states are considering a meeting with Iranian officials next week. Oman aims to convene foreign ministers to discuss the Strait of Hormuz. Escalating hostilities in Yemen may complicate these sensitive diplomatic plans. Iran stated plans are underway for discussions with Gulf neighbors. The Bab el-Mandeb chokepoint has become particularly sensitive for oil markets.

Quote of the Day by Melanie Perkins It's important to tell the story, because if your audience doesn't understand the problem, they won't understand the solutionhighlights a powerful lesson about communication, storytelling and business success. The Canva CEO explains why understanding the problem is essential before presenting a solution, offering an important takeaway for entrepreneurs, leaders, professionals and anyone trying to communicate ideas effectively.

Sberbank CEO Herman Gref announced plans for new financial and technology infrastructure tools. The bank will establish the largest Russian business hub in India, expanding its presence. Sberbank has been developing its financial business in India for sixteen years. Money transfers between India and Russia now take only minutes, improving business opportunities. Two office buildings are under construction and will be commissioned in 2028.

Demat 2.0 can allow investors to receive tokenised bonds instantly against payments made through the central bank digital currency (CBDC), significantly reducing the time gap in securities settlement, NSDL Managing Director Vijay Chandok said, while noting that wider trading will depend on regulatory approval and market readiness.

State Bank of India is developing a UPI data solution for small businesses. This initiative aims to assess creditworthiness without requiring GST registration for these entities. The bank expects to provide digital loans within a single day for eligible borrowers. This new approach will help bring more businesses into the formal finance sector. UPI transactions will serve as a proxy for sales data in loan assessments.

Granules India promoter Krishna Prasad Chigurupati sold 1.72 crore shares worth about Rs 1,500 crore through block and open-market deals. The sale funds the second tranche of a preferential issue, while promoter holding falls to 31.08% following the transaction today.

Bank of India secured USD 2.33 billion through FCNR(B) deposits, replacing bulk funding sources. This mobilization will meet approximately three months of the bank's lending requirements. The Reserve Bank of India announced this special deposit scheme to strengthen liquidity positions. Banks are diversifying their deposit bases amid increasing credit demand from customers. The bank will maintain its 15-17 percent credit growth target for the year.