The Economic Times

Word of the Day: Impasse explains the meaning, origin and usage of the word, which describes a deadlock or situation where progress becomes impossible. Derived from French and associated with the idea of a dead end, impasse is commonly used for stalled negotiations, disagreements and discussions in which neither side can find a way forward.

Uttar Pradesh mechanic Sameerul Hasan Liyaqati, popularly known as Lalla Mistri, developed a pumpless kerosene stove after a broken air pump once left him without food. His design uses gravity and fuel heating to generate pressure without manual pumping. Tested in 2002, the Rs 300 stove later received Rs 37,250 in prototype development support.

In the year 2000, Blockbuster famously spurned a $50 million deal from Netflix, a fledgling company struggling for survival. Fast forward to today, Netflix has evolved into a colossal forces in the entertainment industry, while Blockbuster has nearly faded from the video rental landscape. This tale epitomizes the dangers of resisting technological evolution and serves as a poignant reminder of tremendous business opportunities lost.

United Kingdom inflation reached a five-month peak in August, driven by fuel prices. This increase moves inflation further from the Bank of England's target. However, interest rates are expected to remain unchanged at this meeting. Policymakers await data on wage growth and the labor market. Higher rates are still possible later this year as inflation pressures persist.

Due to concerns over misleading practices, the government has mandated that cab aggregators remove the option for advance tipping. Authorities have deemed this tactic an unfair trade practice, resulting in Rapido being fined ten lakh rupees. As investigations into Uber and Ola persist, its established that tipping must remain at the discretion of consumers after their journey.

India's outgoing Ambassador Naveen Srivastava met Nepal's Foreign Minister Shisir Khanal. He conveyed appreciation for strengthening multifaceted bilateral ties between the two nations. The diplomat recalled significant progress in energy and infrastructure cooperation. Nepal's minister thanked India for disaster relief assistance after flash floods. Both expressed confidence in continued flourishing of Nepal-India relations.

In an effort to enable Alexandra Eala to participate in the Asian Games, the Philippines Tennis Association is seeking a WTA exemption. The Asian Games coincide with the mandatory China Open, posing a risk of penalties for missing it. Nevertheless, Eala has decided to compete in Nagoya for her country, showcasing her dedication regardless of the outcome.

IPL 2027 auction: BCCI will hold the IPL 2027 mini auction in India, ending a three year run of overseas venues that included Dubai, Jeddah and Abu Dhabi, according to Cricbuzz. The decision, taken at a Governing Council meeting on September 15, follows franchise concerns over overseas logistics.

India and Canada are working to conclude their Comprehensive Economic Partnership Agreement negotiations this year. The fourth round of talks is currently underway, with two chapters already finalized. Discussions are progressing across all remaining chapters of the proposed agreement. Bilateral trade aims to expand significantly to fifty billion dollars by the year 2030. Both nations are seeking substantial progress given the tight timeline for this agreement.

Army Chief Gen Dhiraj Seth is visiting Russia for three days starting Wednesday. He will discuss military cooperation and training with Russian officials. Gen Seth will also pay respects at the Tomb of the Unknown Soldier. The visit aims to strengthen the enduring defence relationship between India and Russia. He will also visit a military academy in St. Petersburg.

Indian composer Joi Barua is merging space science with performing arts. His project, Cosmic Rhapsody, connects NASA's astrophysics research with orchestral music. The project will premiere at the Hollywood Bowl in July 2027. It combines live music, animation, and pop songs for an immersive experience. This collaboration highlights the fusion of science and imagination for young audiences.

Amitabh Bachchan has submitted a building plan for a new dharamshala. This facility will be named after his father, Harivansh Rai Bachchan. The proposed dharamshala will offer accommodation and organized facilities to visiting devotees. Ayodhya Development Authority is reviewing the submitted building plan for approval. This initiative contributes to the ongoing development of Ayodhya as a pilgrimage site.

Maharashtra FDA Commissioner Tukaram Mundhe has cited a survey showing substantial differences between procurement prices and printed MRPs of hospital consumables. An IV infusion set purchased for Rs 11.05 reportedly carried an MRP of Rs 325, while syringes and catheters also showed wide gaps. Mundhe has sought a review and clearer guidelines on permissible differences between trade prices and declared MRPs.

In a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit direct taxpayer engagement. This initiative seeks to foster a unified, dependable ecosystem. Support for small businesses through deferred duty payment schemes will be implemented, paving the way for a near-touchless, paperless operational environment, with stronger technology adoption anticipated in the coming decade.

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.

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.

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.

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.

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.

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.

Five Nifty500 stocks were highlighted in the RSI Trending Up scan on September 15, based on data from StockEdge. Tata Chemicals, Firstsource Solutions, Inventurus Knowledge Solutions, Oracle Financial Services Software and Narayana Hrudayalaya recorded rising RSI values, indicating strengthening momentum.

Four Nifty 500 stocks closed more than 2.5% below their respective VWAPs on September 15, according to StockEdges technical scan data, indicating that their closing prices were below their volume-weighted average traded prices.

Glass Wall Systems is set to debut on the NSE and BSE on September 16, with its shares commanding a 23% grey market premium over the IPO price. The Rs 427.89 crore issue was subscribed 81.65 times overall.

The Rs 550 crore public issue was priced at Rs 676 per share. The offering comprised a fresh issue of 11.83 lakh shares worth Rs 80 crore and an offer for sale (OFS) of 62.13 lakh shares aggregating to Rs 420 crore.

The strong grey market sentiment comes on the back of overwhelming investor demand for the public issue. The IPO was subscribed 90.59 times overall, with the retail portion booked 20.51 times. The non-institutional investor (NII) category saw subscription of 87.74 times, while the qualified institutional buyer (QIB) portion was subscribed a staggering 215.37 times.

Palau plans a significant US military port expansion next year. This project aims to berth US Navy ships and deepen the harbor. Locals worry about becoming a target in potential superpower conflicts. Environmentalists express concerns about marine life and coral reef damage. The government seeks assurances for safety and environmental protection during construction.

The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.

Autodesk's CEO notes India's ministers are receptive to new technologies and collaboration. The country offers significant quality and depth in its talent pool for hiring. Autodesk is actively engaging with its recently hired team in India. The company's research and development unit in Bengaluru is central to its growth. Strategic partnerships and investments are accelerating digital transformation across projects.

Hero Motors plans a

Avaada Ventures plans to raise funds through NCDs and external borrowing. The company will issue rupee-denominated debentures and secure foreign currency loans. These funds will primarily refinance existing liabilities and meet corporate needs. Proceeds will pay Brookfield investment and retire outstanding commercial paper. Avaada aims to complete a monetisation event within eighteen months.

Sebi proposes reducing mandatory disaster recovery drills for market infrastructure institutions. These drills will now require at least four hours on a non-working day. The regulator also plans to strengthen operational resilience through comprehensive stress testing. MIIs must regularly test fault tolerance and proactively monitor system limits. Public comments on these proposals are due by October 5.

Indian stock markets experienced a significant decline on Tuesday. Crude oil prices surged above one hundred dollars a barrel. United States bond yields climbed above five percent, impacting investor sentiment. This led to a sharp sell-off in Indian equities, pushing market value down. Investors now await key central bank policy meetings for further direction.

On Tuesday, information technology stocks saw a notable recovery as investor confidence returned, easing worries surrounding artificial intelligence disruptions. The Nifty IT index performed robustly, surpassing other sector indices. Analysts suggest that AI holds promising prospects for Indian IT firms, yet technical experts express caution regarding the sector's short-term forecasts.

Indian equities declined as crude prices and inflation concerns persisted. Foreign investors sold shares while domestic institutions bought them on Tuesday. The rupee weakened against the dollar due to global conflicts and oil prices. Analysts expect markets to remain weak ahead of the US Federal Reserve's policy decision. Investors will closely watch the Fed's September meeting for rate guidance.

Indian equity markets closed lower on Tuesday, extending their monthly decline. Nifty50 reached a key support level, indicating a potential technical bounce. Several companies, including Yes Bank and Vedanta, are expected to be in focus. Bharat Forge and BHEL announced significant collaborations and joint ventures. Other firms reported regulatory updates and investment plans for future growth.

On Tuesday, shares of Tata Group companies with minority interests in Tata Sons experienced a notable rise. This followed the Reserve Bank of India's decision to deny Tata Sons the ability to surrender its lender status. Analysts suggest that a potential listing of Tata Sons might primarily benefit Tata Chemicals and Tata Steel.

Psychology says people who are not able to speak properly in front of a crowd aren't incapable or less intelligent. Public speaking anxiety can trigger the body's survival response, leading to a racing heart, sweating, muscle tension and difficulty recalling words. Psychology links this reaction to social rejection, fear of negative evaluation and learned responses. Understanding the process can help people prepare, reframe anxiety and build confidence through gradual exposure.

The Supreme Court rejected Chitra Ramkrishna's appeal regarding the NSE co-location case. This decision allows a Delhi court to proceed with the corruption charges against her. The court upheld the Delhi High Court's ruling on public duty and public servant definitions. Ramkrishna, former NSE MD and CEO, faces charges of illegal gratification and conspiracy. The case involves alleged improper dissemination of exchange data to select stockbrokers.

US lawmakers are considering tariffs on Russia's oil trading partners, including India. One amendment proposes 100% tariffs on countries like India and China. Another amendment seeks to remove the tariff provision entirely from the bill. India's energy sourcing policy prioritizes national interests amid these developments.

The Enforcement Directorate aims to expedite money-laundering trials within eight months. Zonal offices will identify key cases for accelerated prosecution and conviction. A new trial monitoring system will track case progress and delays. The agency is also expanding its sanctioned strength by sixty percent. This structural change will enhance the directorate's operational capabilities significantly.

Indias goods exports surged in August, driven by robust global demand, while the trade deficit narrowed to a five-month low as imports declined. Key free trade agreements are on track for finalisation, while exporters are being prepared for the European Unions Carbon Border Adjustment Mechanism. Trade ministers are also set to address bilateral concerns and review the status of ongoing free trade negotiations.