The Economic Times

Yemen's Houthi rebels seized a strategic island in the Bab el-Mandeb Strait. This advance further threatens Saudi oil exports through a key global shipping lane. Saudi Arabia responded with airstrikes against the port city of Mokha, which the Houthis captured. The rebels' territorial gains could boost Iran's strategy to pressure the United States.

India's foreign exchange reserves reached a record $785.71 billion. This surge followed a significant increase in the previous week. Foreign currency assets saw a substantial rise, contributing most to the growth. Gold reserves, however, experienced a slight decline during this period. Overall reserves show a considerable increase from both earlier this year and last year.

The blast took place around 2 am at the house of Trinamool Congress (TMC) leader Dwijen Mondal near Lal Pol in Uttarbhag area of Baruipur East, police said, quoting local residents.

Congress has criticized the Modi government for its silence on a US Department of Homeland Security advertisement. The advertisement asked 'Mr Singh' to self-deport, sparking controversy and accusations of racism. Congress stated the Modi government appears weak and unable to advocate for India's interests. This incident follows previous instances of perceived humiliation for Indians under the current administration. The party demands accountability for the government's perceived diplomatic fail

In a remarkable archaeological find, researchers in Poland have discovered a 5,000-year-old burial site from the Stone Age, situated close to a Roman cemetery. The grave housed a nearly intact male skeleton alongside two other skulls, amber beads, a flint knife, a stone ax and a necklace made of 42 sharp teeth. The grave was discovered at an archaeological site near Zorawina, in southern Poland.

School Holiday Tomorrow: On Saturday, September 12, 2026, most Indian schools are set to operate as usual. However, due to the second Saturday of the month, several institutions may shut down. Additionally, some districts could implement weather-related closures for student safety. Parents are encouraged to confirm the holiday status with their specific school and keep an eye on local administration updates for any changes.

Having a favorite teacher is a fairly common experience. Students may naturally connect more strongly with certain teachers because their classroom experiences are influenced by more than the subject being taught. Feeling understood, supported and capable can all shape how students respond to a particular teacher. Research has also consistently found that positive teacher-student relationships are associated with greater student engagement and, in some studies, improved academic performance.

Prime Minister Narendra Modi on Friday expressed confidence that people-to-people ties between India and Russia will grow further with the translation of the Thirukkural into Russian, as he gifted the Russian version of the classical Tamil scripture to Russian President Vladimir Putin during their bilateral talks in New Delhi.

Satin Finserv Limited has announced the launch of ' The Climate Edition', a national initiative aimed at discovering and supporting students and early-stage startups building solutions to some of the most pressing climate and environmental challenges.

The Iran-backed Houthis, who have for years controlled large parts of northern Yemen, launched a large-scale offensive last week against Saudi-backed government forces, killing hundreds.

Following an early morning slump, Indian stock markets rebounded robustly on Friday. This turnaround was encouraged by a significant drop in oil prices and a moderation in bond yields from their recent peaks. The anticipated discussions between Gulf nations and Iran regarding shipping management in the Strait of Hormuz also played a crucial role in easing supply concerns and stabilizing the market.

To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is insufficient. While AI holds the promise to connect more individuals with insurance, accessibility issues persist. Special attention is needed for the often-overlooked 'missing middle' demographic. Establishing consumer trust and providing adequate coverage are key to broadening insurance use. Defining shared responsibilities is essential for achieving univer

Sri Lotus Developers shares hit a fresh 52-week high after a Capital Group fund acquired a 2% stake worth over Rs 195 crore. The promoter stake sale helped meet minimum public shareholding norms. The stock has more than doubled since its March low, while Q1 FY27 profit rose 77% year-on-year.

Jefferies has identified Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp as its 25% CAGR club of Indian financial stocks. The brokerage expects strong earnings and revenue growth over FY26-29, supported by scale, new business initiatives and operating leverage, while maintaining Buy calls on all five stocks.

Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement

Steamhouse Indias IPO was subscribed 8.36 times by 1 pm on Day 3, led by strong demand from non-institutional investors. The issues grey market premium stood at Rs 23, indicating a potential 28% listing gain over the Rs 81 upper price band. The IPO closes on September 11, 2026.

The NSE IPO could unlock significant hidden value for 26 listed shareholders, whose combined NSE holdings could be worth around Rs 94,619 crore at the tentative upper price of Rs 1,785 per share. LIC stands to benefit the most, with its 26.53-crore-share stake valued at around Rs 47,351 crore.

For NRIs earning in stronger foreign currencies such as dollars, pounds or dirhams, investing in India can offer greater rupee purchasing power. However, experts caution that currency strength alone does not make someone a better investor.

Bernstein has named Paytm its top pick, citing strong merchant lending growth, operating leverage and potential UPI MDR as key earnings drivers. The brokerage has set a Rs 2,200 target, implying further upside, while flagging key downside risks.

Corporate spending on large infrastructure projects is picking up in India, with new-age sectors such as data centres, green hydrogen and electric vehicles emerging as important drivers of credit demand, Ashwini Kumar Tewari, managing director at State Bank of India Ltd., told Bloomberg Television in an interview.Considering the fact that Indians are one of the largest consumers of data in the world, and the data is pretty cheap, I think we have a need for a lot more data centers, which is why t

Oracles latest earnings offered investors relief as stronger-than-expected revenue and a smaller cash burn eased concerns over its heavy AI spending. The companys revenue backlog surged to $664 billion, while customer prepayments helped fund capital expenditure. Oracle shares rose 4% after market as investors gained confidence in its AI growth strategy.

India's MSME sector faces a significant formal credit gap, with existing channels meeting limited debt demand. A new digital layer can connect businesses, banks, and payment providers to bridge this gap. This system will digitise the order-to-cash process and automate invoice reconciliation across the nation. It enables cash-flow-based underwriting and addresses delayed receivables for small businesses.

Retail algo trading in India is becoming more accessible as broker APIs, cloud infrastructure, AI-assisted coding and low-cost platforms lower technology barriers. Regulatory clarity is also helping formalise the ecosystem. While automation can make systematic trading easier to execute, experts warn that technology cannot replace robust strategies, testing and risk management.

The Nifty Midcap 150 has gained around 11% over the past year, outperforming the Niftys 6% decline. However, the gains have been uneven, with more than half of its constituents still in the red and some down as much as 70%. SKF India, KPIT Tech, Syngene International, RVNL, Tata Elxsi and Emami are among the notable laggards.

Bank operations halted across Madhya Pradesh due to a nationwide strike. Approximately 7,000 branches were affected, impacting daily business worth Rs 5,500 crore. Employees demanded a five-day work week and improved pension benefits. Other demands included uniform dearness allowance and NPS option. This strike disrupted cash, cheque, and treasury-related financial activities.

HDFC Bank shares fell despite the rejection of all seven Bahrain cases linked to Credit Suisse AT1 bonds. The stock remains under pressure amid governance concerns, recent losses and investor focus on earnings, while brokerages maintain positive views.

Indias stock market is poised for a broader recovery as four core cyclesmacroeconomics, corporate earnings, credit growth, and market sentimentalign positively. Nimesh Chandan, CIO of Bajaj Finserv AMC, highlights these improving indicators as a key foundation for sustained equity growth, provided earnings momentum continues and global market headwinds soften.

India is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links between national payment systems and CBDCs to make cross-border transactions faster and cheaper. The story traces Indias opposition to a new BRICS currency, Trumps tariff threats, the RBIs push for CBDC interoperability, and the technical and trade hurdles that could stand in the way.

Hero Motors, the Munjal family-controlled automotive technology company, is set to enter Dalal Street with a Rs 1,000 crore IPO. The company, distinct from listed Hero MotoCorp, traces its roots to the Hero Group and has expanded into powertrain systems and components for global automotive and mobility customers.

SBI is set to potentially book a massive profit from the NSE IPO by selling up to 1.60 crore shares acquired at a weighted-average cost of just 80 paise each. At the upper price band of Rs 1,785, the stake sale could fetch around Rs 2,850 crore, implying a staggering 223,025% return.

ESDS Software Solution shares extended their post-listing rally to six sessions, surging 287% from the IPO price. Strong issue demand, rising investor optimism around data centres and improved FY26 profitability have added momentum to the stock.

BSE shares fell on Friday after rival NSE announced its Rs 22,662-crore IPO, with the issue set to open on September 17. Bernstein has an Underperform rating on BSE, citing moderating retail participation and potential peaking of market share gains in FY27. The stock remains sharply higher over longer periods.

A nationwide bank strike disrupted services at public sector banks on Friday as unions pressed for a five-day workweek and resolution of wage and pension issues. Branch-based services, including cash transactions and cheque clearances, were hit, while UPI and internet banking continued to operate.

HDFC Bank has seen a sharp decline in foreign investor ownership since its merger with HDFC, reflecting concerns over slower growth, funding pressures, margins and leadership changes. FII holding has fallen from 52.13% in September 2023 to 41.82% in June 2026. While valuations have become more attractive, investors await clearer signs of improving growth, profitability and post-merger execution.

US has restricted Iran's oil exports and loosened its Strait of Hormuz control. This ongoing conflict, however, is nowhere near resolution and its costs are only rising. Iran's leaders have shown no signs of backing down and may even escalate military actions further.

Clearing smartphone notifications offers a sense of completion and control. Research indicates these alerts disrupt attention and create uncertainty for users. Managing notifications can become an appealing routine for restoring order. Predictable notification batches improve attentiveness and reduce user stress. This habit reflects responses to digital clutter and a desire for manageability.

Savannah Guthrie spoke about her mother Nancy Guthrie in the past tense during a recent broadcast. Her mother, Nancy, vanished from her Arizona home in February 2026. The search for the 84-year-old continues seven months after her disappearance. Authorities are actively investigating the kidnapping with the FBI's assistance. DNA and video analyses are ongoing, supported by nationwide laboratories.

SberMedAI's GigaDoc smart mirror provided free express health assessments at Innoprom India. This innovative solution analyzes key health indicators and potential risk factors conveniently. Companies can integrate GigaDoc into their employee prevention programs for proactive health monitoring. The technology utilizes artificial intelligence and computer vision for accurate health readings.

The stock markets strongest performers can often reveal where investor interest and momentum have been concentrated.

Metal stocks fell as soaring oil prices, rising US bond yields and a stronger dollar weighed on sentiment. Vedanta, Vedanta Aluminium, Hindustan Copper, Tata Steel and JSW Steel declined 35%. The US 10-year Treasury yield rose above 4.9%, its highest since 2023, as higher oil prices stoked inflation concerns and raised expectations of a potential Fed rate hike.

FIIs are increasingly turning to Indias primary market even as they withdraw heavily from listed stocks. Foreign investors have pulled nearly Rs 2.8 lakh crore from the secondary market in 2026 but invested over Rs 47,000 crore in IPOs. The shift reflects a preference for new sectors, large allocations at predetermined prices and greater control over entry costs.

During the BRICS summit this weekend, Chinese President Xi Jinping will arrive in India, aiming to strengthen Sino-Indian ties. A meeting with Prime Minister Narendra Modi is anticipated, especially following the recent de-escalation of border tensionsan effort deemed pragmatic by analysts. While core grievances like territorial disputes and relations with Pakistan persist, the visit is designed to enhance mutual trust and explore engagement strategies.

PVR Inox, HDFC Life and Bandhan Bank closed more than 1.5% above their respective VWAPs on September 10.

NSEs IPO is set to raise around Rs 22,662 crore, with the latest grey market premium at 1112% after the exchange fixed its price band. The offer size has been cut to 12.64 crore shares, meaning it will not surpass Hyundai Motor Indias Rs 27,870-crore issue to become Indias largest IPO.

Indian stock markets tumbled significantly on Friday, with benchmark indices Sensex and Nifty recording considerable dips. The sharp surge in crude oil prices coupled with increasing bond yields rattled investors, leading to a staggering loss of over Rs 5 lakh crore in total market capitalisation. After a day of volatile trading, both indices closed well in the red.

Sterlite Technologies secured US certification for its indoor optical fibre assemblies designed for AI data centres. The company is targeting Rs 20,000 crore revenue by FY29, while strong Q1 results and AI-led demand have driven a sharp rally in its shares.

Qualiance International is set to list on the NSE SME platform after its Rs 45.11-crore IPO was subscribed 459.22 times. A 64% grey market premium indicates an estimated listing price of Rs 208.

Karamtara Engineering IPO entered its final day of bidding on September 11, with the issue subscribed 3.61 times by the end of Day 2 and the retail portion booked 3.28 times. The Rs 875-crore IPO, comprising a Rs 675-crore fresh issue and Rs 200-crore OFS, is currently commanding a GMP of around 27%, indicating positive listing expectations.