The Economic Times

Updated income tax returns have increased significantly over four years. New tax regime adoption shows strong uptake among taxpayers filing returns. Karnataka ranks second in direct tax collections, contributing substantially to national revenue. Technology-driven systems enhance transparency and encourage voluntary taxpayer compliance. The department processes returns rapidly and issues refunds efficiently to taxpayers.

Putting a plastic bottle filled with water on your roof: The Moser lamp is a simple invention that uses sunlight to brighten dark indoor spaces during the day, reducing the need for electric lighting. Developed in Brazil, the low-cost technique involves filling a transparent plastic bottle with water and fitting it through a roof so that sunlight can be refracted and dispersed inside. The concept was later promoted by the MyShelter Foundation through its Liter of Light programme and spread acros

Best Proverb of the Day: Chi ha il pane non ha i denti, e chi ha i denti non ha il pane translates as Those who have bread have no teeth, and those who have teeth have no bread. The Italian proverb reflects the irony of circumstances, where people may possess an opportunity without being able to enjoy it, while those capable of using it may lack access.

West Bengal government will enhance employee remuneration benefiting over one lakh people. Forest officials and volunteers will see increased monthly payments starting soon. Former MLAs' medical allowance is also being raised significantly from August. Primary and upper primary para teachers will receive a substantial pay hike. A bill for inter-university staff transfers will be presented in assembly.

The CBIC has introduced a new checklist for customs officers reviewing imports. This standardized process aims to streamline clearances for drugs and medical devices. Businesses must upload all required documentation onto the e-SANCHIT portal. Industry experts welcome the shift towards a more transparent digital verification.

Iran has threatened to retaliate against any new United States attacks on its assets. The nation warned that regional energy production is accessible and exposed to potential strikes. Iranian officials announced plans for a new restricted zone in the Gulf. This zone would impact shipping through the vital Strait of Hormuz. The conflict has also affected oil prices and regional economies.

Quote of the day by Annie Potts presents a compelling life lesson about creativity, performance and moving on. Her theater background taught her to experience a performance as something immediate rather than something that must be endlessly examined afterward. In an age when recorded work can be replayed indefinitely, that perspective feels surprisingly relevant.

Scott Larsen followed his father into the New York City Fire Department after his death on September 11th. Dr. Michael Crane dedicated his career to aiding rescue workers affected by the disaster. Michael Tuohey reflects on his role in checking in two of the hijackers for their flight. These individuals' lives were profoundly shaped by the unprecedented attacks.

Word of the Day stied refers to something kept, lodged or confined in a sty, the enclosure traditionally used for pigs. The uncommon word is the past tense and past participle of sty. While rarely used in everyday English today, stied remains a legitimate dictionary word and reflects the long history of sty in the English language.

Muthoot FinCorp has launched the fifth tranche of its secured, rated and redeemable NCDs, offering effective annual yields of 8.89% to 9.25% across four tenures ranging from 24 to 72 months. The company aims to raise up to Rs 700 crore, with proceeds earmarked for onward lending, repayment or prepayment of existing borrowings and general corporate purposes.

Systematix initiated coverage of Apollo Micro Systems with a Buy rating and Rs 570 target, citing defence-system integration, a Rs 12,000-crore opportunity, capacity expansion, acquisitions and strong earnings growth, while flagging execution, working-capital and tender-related risks.

Fairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The Canadian firm is in talks with private equity firms for this potential sale. This transaction is part of a larger strategy for the Indian banking sector. The company aims to consolidate its Indian lending investments after the acquisition.

Purple Style Labs commenced trading on Monday at a discount, despite its initial public offering being fully subscribed. The acquisition of Pernia's Pop-Up Shop in 2018 played a role in the considerable revenue growth from FY20 to FY24. Nevertheless, analysts caution investors regarding the expanding losses and the company's currently high valuation.

Indias digital media market crossed Rs 1 lakh crore in CY25 and is projected to grow rapidly through CY28, while television revenue declines. ICICI Securities has initiated coverage on Amagi Media Labs and Prime Focus with Buy ratings, citing opportunities from cloud adoption, digital advertising, VFX spending and evolving content consumption.

The Supreme Court has refused to grant a six-month extension to the Aravalli High-Powered Committee and directed it to submit its report on the definition of the Aravalli Hills by November 30.

Morgan Stanley sees India entering a multi-quarter growth upcycle, supported by improving investments, monetary policy and domestic demand. The brokerage expects the Sensex to reach 89,000 by June 2027 in its base case, while assigning 25% probabilities to a bull-case target of 100,000 and a bear-case target of 66,000.

Lickicious, the pet food and nutrition brand operated by Nuvexo Wellness, has raised Rs 19 crore through equity and institutional debt, led by Prath Ventures, to scale its business and target Rs 100 crore in annual revenue.

Futures grid trading presents a methodical way to navigate the unpredictable terrain of crypto markets. By segmenting price ranges into distinct levels for execution, this automated strategy enables traders to efficiently adjust to market dynamics without needing to constantly monitor activities. Nevertheless, the use of leverage and susceptibility to market disruptions introduce important risks; thus, selecting appropriate parameters and applying diligent risk management is essential for effect

Motilal Oswal initiated coverage on V2 Retail with a Buy rating and a 275 target, implying around 27% upside. The brokerage is bullish on the retailers tier-II/III focus, strong store economics, high private-label mix and disciplined inventory management, which it believes offer significant room for growth.

Sebis revised ETF trading rules have come into effect from September 7, changing how price bands and reference prices are determined. The new framework introduces dynamic price bands based on underlying assets and a pre-open auction for gold and silver ETFs, aiming to improve price discovery and reduce premiums or discounts to NAV.

By the year 2030, Hyundai Motor India is targeting a significant increase to twenty percent female representation within its executive ranks, which currently comprises more than eight percent women. The organization is witnessing a surge in women enrolling in trainee programs and is rolling out initiatives designed to boost their leadership opportunities and career development. This approach supports the company's commitment to ESG frameworks and the UN Sustainable Development Goals.

Large microfinance companies received 98.1% of sector funding in Q1. This funding concentration reflects financiers playing safer during uncertain economic cycles. Smaller institutions face tighter liquidity and higher borrowing costs, impacting recovery pace. Banks contributed 80.4% of the Rs 21,407 crore debt funding received. NBFC-MFIs remain the largest micro-credit provider with a 44.3% market share.

NIIF has appointed Gauravjit Singh as managing partner and global head of capital formation. Singh, who previously worked at PAG, True North and KKR, will focus on expanding NIIFs global and domestic investor base as the fund steps up capital mobilisation.

Business is changing faster than leadership playbooks. The next decade will test how well leaders can make decisions before the answers become obvious.

Indian IT stocks dropped on Monday as stronger-than-expected US jobs data revived concerns over a September Federal Reserve rate hike. The Nifty IT index dropped over 2%, with Infosys, HCLTech, TCS and others declining. Analysts, however, see longer-term opportunities from AI-led spending on deployment, integration and modernisation.

HEG shares opened nearly 64% lower on Monday as the stock adjusted for the companys demerger, which split its businesses into two separately listed entities. The graphite electrodes business will move to HEG Graphite, while the existing listed company will retain advanced materials, battery energy solutions and green power businesses and be renamed HEG Advanced Materials.

IFCI shares rallied 6% after Sebi approved NSEs much-awaited IPO, clearing a key hurdle for the exchanges listing. IFCI has indirect exposure to NSE through its majority stake in Stock Holding Corporation of India. The stock has surged over 500% in three years, with analysts seeing further upside.

UltraTechs entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth, but caution that elevated valuations leave incumbents vulnerable.

Pricol shares gained after Axis Direct initiated coverage with a Buy rating and a Rs 935 target price, implying around 21% upside. The brokerage expects strong growth through FY29, driven by rising demand for digital instrument clusters, plastics expansion, EV content and global auto orders, while the proposed demerger could unlock additional shareholder value.

BSE shares extended their winning streak as Sebi announced a review of the methodology used to determine derivative settlement prices following concerns over the new Closing Auction Session. Trading volumes and option activity have declined sharply, particularly at BSE. A consultation paper expected next week could propose changes aimed at reducing expiry-day volatility and improving risk management.

The payments ecosystem in India is moving beyond just digitisation, and towards infrastructure that can operate seamlessly across borders, and connected ecosystems. Adyen, a global fintech company with presence in India is positioned to achieve exactly that for Indian merchants who have the ambition to go global and global enterprises expanding in India.

Shares of Avalon Technologies rose sharply on Monday after Nomura raised its target price to Rs 2,767 from Rs 2,211 while retaining a Buy rating. The brokerage said Avalons joint venture with Zollner Electronic will expand its capabilities, add global customers and support entry into healthcare, test and measurement, and European markets.

HFCL shares gained nearly 5% after the companys FY26 Annual Report highlighted a 113% year-on-year surge in its order book to Rs 21,206 crore. Strong growth in revenue, EBITDA and profit, along with a fresh Rs 2,329 crore export order, further strengthened the companys growth outlook.

VA Tech Wabag shares rose nearly 3% after securing a medium-sized repeat order from Reliance Industries to design and commission an advanced Effluent Treatment Plant at Jamnagars Dhirubhai Ambani Green Energy Giga Complex. The project will use advanced chemical, biological and sludge treatment technologies and is scheduled for completion within 13 months.

The recent GST reforms have significantly impacted the automotive stock market following a rate cut announcement. Notably, Sona BLW Precision Forgings and Samvardhana Motherson International registered impressive growth. Meanwhile, Bajaj Auto, TVS Motor, and Ashok Leyland saw positive movement ahead of their earnings reports. On the downside, stocks like Mahindra & Mahindra and Maruti Suzuki India lagged. Future prospects appear promising, driven by advancements in electric vehicles and fleet mo

PVR Inox shares fell after reports that the company asked senior executive Pramod Arora and others to leave in April following an internal probe into alleged kickbacks of up to 200 crore from cinema property developers. The investigation reportedly found irregularities and sought to determine the extent of the alleged wrongdoing.

India's primary market is gearing up for a significant evolution, marked by a thriving IPO pipeline. With a stunning 4.67 lakh crore poised from both approved and submitted IPOs, companies are eager to connect with investors. As capital reallocates towards quality and reasonable valuations, the success of key IPOs is set to sway overall market sentiment.

The Defence Ministry is considering integrating Russian RVV BD missiles with Su-30 MKI aircraft. These advanced missiles can engage targets at long distances with high speed. This capability boost comes ahead of Russian President Vladimir Putin's visit to India. The Defence Acquisition Council will review this significant proposal today. India is also pursuing indigenous and foreign air-to-air missile upgrades.

ESDS Software Share Price: ESDS Software Solution shares extended their post-listing rally, hitting the upper circuit after a strong IPO debut. The stock has surged sharply above its Rs 429 issue price, while Choice Institutional Equities has initiated coverage with a Buy rating and a Rs 1,550 target, citing strong AI infrastructure and cloud growth prospects.

The BRICS Summit 2026 will be held in New Delhi from September 11 to 13, with Bharat Mandapam at Pragati Maidan as the main venue. Delhi residents and visitors should expect traffic diversions and temporary restrictions on key roads as security arrangements and movement of foreign dignitaries intensify. Schools will remain closed on September 11, while commuters heading to the airport and railway stations are advised to leave early and use public transport where possible.

In 2026, the performance of smallcap stocks presents a contrasting picture, with half of the top 25 performers bouncing back from significant losses last year. Kabra Extrusiontechnik stands out with a remarkable 150% increase following a previous 59% drop. Conversely, Parsvnath Developers has suffered an additional 85% decline, emphasizing how essential fundamentals are over mere price fluctuations.

The SteamHouse India IPO will open for subscription on September 9 and close on September 11, targeting Rs 414 crore through a fresh issue and an offer for sale. The IPO set a price band of Rs 7781 per share, requiring investors to bid for a minimum of 185 shares.

Pranav Constructions IPO GMP: Pranav Constructions IPO opens today, September 7. The Rs 351.03 crore issue is attracting strong investor interest; its grey market premium (GMP) stands at Rs 44, indicating a 36% premium over the upper price band of Rs 124. The Mumbai-based real estate developer also raised Rs 84.24 crore from anchor investors before the issue opened.

Investor Vijay Kedia's savvy investment in Neuland Laboratories has paid off handsomely, yielding nearly 100x returns. He seized the opportunity during the Covid downturn when stock prices dipped. By concentrating on the companys promising peptide sector and its CDMO capabilities, Kedia emphasized his tactic of investing in overlooked firms with solid fundamentals, which has ultimately fostered substantial wealth growth over the years.

Indian stock markets experienced a decline on Monday as rising oil costs and geopolitical unrest took their toll. The technology sector saw the steepest losses, while overall market activity reflected a varied response. Analysts cite ongoing risks from Middle East conflicts, alongside a robust pipeline of upcoming IPOs expected to influence market liquidity significantly this September. Moreover, concerns over potential US interest rate increases are further complicating the economic landscape.

Four Nifty500 stocks appeared on StockEdges White Marubozu bullish scanner on September 4, signalling strong upward price momentum during the trading session.