The Economic Times

Tata Motors has secured all necessary regulatory approvals for its acquisition. The company's subsidiary obtained prior authorisations under the sectoral regulatory framework. Final clearance came from the European Central Bank for financial services businesses. This key hurdle has now been cleared for the tender offer. The proposed acquisition of Iveco Group is valued at 3.8 billion.

Banking system liquidity has reached a four-year high as FCNR(B) inflows entered the market. This excess liquidity has pushed the weighted average call rate significantly below the repo rate. Much of this money is being parked in the RBI's variable rate reverse repo operations. Treasury heads are showing a preference for shorter tenures in these operations. Experts expect liquidity to normalize to a lower level by December.

Indian car sales are expected to exceed five million units this fiscal year. This milestone positions India as the third nation globally to achieve such sales. Sustained demand in urban and rural markets fuels this optimistic sales forecast. Lower vehicle prices and economic expansion also contribute to the positive outlook. Industry leaders anticipate continued growth and potential for further market expansion.

Coal India is investing nearly fifty thousand crore rupees in coal gasification projects. The company is also actively seeking overseas critical mineral assets, particularly lithium. Coal India targets nine point five gigawatts of renewable capacity by the year twenty thirty. These initiatives aim to reduce import dependence and capture new growth engines. The state-run miner is establishing a robust coal gasification ecosystem in India.

Petrol and diesel sales saw significant year-on-year increases in August. This growth was fueled by greater mobility and a strengthening economy. Aviation turbine fuel sales also returned to growth, indicating air traffic recovery. However, cooking gas consumption continued its decline despite increased imports. Industry experts attribute this drop to a shift towards piped natural gas.

In a significant development, Fortis Healthcare is assessing a recent decision from the Delhi High Court regarding the Daiichi Sankyo arbitration. The court's order for a forensic audit of earlier transactions poses a notable contingent liability for Fortis. Consequently, the company may explore the option of appealing to the Supreme Court, as this ruling could necessitate direct compensation to Daiichi Sankyo.

Quote of the day by Epicurus (Author of Lettera sulla felicit): Epicurus' ancient wisdom teaches us to appreciate what we have. He advised against spoiling present joys by constantly desiring what we do not have. Modern desires for wealth and status can create endless dissatisfaction. Focusing on what is truly necessary can lead to a more peaceful and fulfilling life. Appreciating the things we once hoped for but now have can also foster gratitude and contentment.

Quote of the day by Beethoven: Ludwig van Beethoven expressed a powerful belief in the importance of individual merit, valuing talent and hard work over noble lineage. His insight remains relevant today, when comparisons with others are increasingly common. By challenging societal expectations, Beethoven forged his own path as an artist and left a lasting legacy that encourages people to recognise and value their unique abilities, contributions and achievements.

The Revolutionary Guard Corps of Iran issued a statement claiming that US military strikes would exacerbate conditions in the Strait of Hormuz. The US has verified its attacks on IRGC targets in Iran after a string of Iranian assaults on vessels and troops. In retaliation, Iran has initiated a military response employing missiles and drones against US interests, leading to an alarming rise in hostilities around this critical maritime route.

India's electric vehicle market witnessed an impressive 51% year-over-year growth in August. Despite this surge, a 12% sequential decline was recorded, attributed to festival-related office holidays. Electric two-wheelers experienced a remarkable 69% annual increase, bolstered by prominent manufacturers such as Bajaj Auto and TVS Motor. Meanwhile, electric car registrations saw a 12% month-on-month decrease from July's record levels, yet industry leaders are optimistic about ongoing strong consu

India's PC market saw a 12.1% growth in the June quarter, reaching 3.9 million units. Enterprises and retailers stocked inventory ahead of expected further price increases. Future enterprise sales are expected to be flat, while consumer sales may slow down. Rising costs could prompt buyers to delay purchases, impacting near-term demand. Pent-up demand is anticipated during the festive season with promotional cycles beginning.

Electronic companies can now import select high-value components temporarily. This move follows industry requests for imports until local production scales up. The government is considering similar measures for smartphone components like displays. Inner-grooved copper tubes and compressors have specific import quotas and deadlines. This policy shift aims to balance local manufacturing growth with supply chain needs.

The government has reduced the sugar dealer stock limit to two thousand quintals. This measure aims to ensure adequate availability and stable prices during the festive season. Hoarding and speculative trading will be further curbed by this new regulation. An exemption has been granted to Kolkata and its extended metropolitan areas. This reduction will facilitate orderly movement of sugar through the supply chain.

India has opened up applications for its remaining raw sugar import quota, allowing eligible millers and refiners to apply for this lucrative duty-free allocation. This follows the initial notice for a million tons, of which over seven hundred thousand have been accounted for. Interested parties have until October thirty-first to seize this opportunity.

Indian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of India's special swap window. Banks offered unusually high rates to attract overseas funds during the ten-week period. This special facility enabled lenders to provide substantially higher returns to depositors. The strong inflows prompted the RBI to advance the closure of this window.

Onion prices at Maharashtra's Lasalgaon market have rebounded after a recent fall. The average wholesale price reached 40 per kg, with retail prices remaining high. Farmers hope to recover losses after two years of subdued prices. Concerns about the kharif crop and stored onion quality are driving prices up. The government claims prices are cooling in other markets due to buffer stock sales.

In India, passenger vehicle sales achieved impressive double-digit growth last month, spurred by automakers ramping up factory dispatches to prepare for rising market demand. Maruti Suzuki celebrated its best sales performance in August, attributing the surge to tax reductions and declining interest rates. Similarly, Tata Motors and Mahindra & Mahindra also enjoyed notable increases in sales volumes, alongside a strong performance in the two-wheeler and commercial vehicle markets.

New Delhi has reduced export duties on petrol, diesel, and aviation fuel. The levy on petrol exports is now 1.15 per litre, a significant decrease. Diesel export duty sees a marginal reduction to 25 per litre. Aviation turbine fuel exports will now face a 19 per litre windfall tax. These revised rates will take effect from September 3, 2026.

In a significant development, the National Highways Authority of India has received an overwhelming response for its new coastal highway project, which will stretch 160 kilometers from Rameshwar to Paradeep in Odisha. With ten proposals for Package-I and seven for Package-II, this 8,300.79 crore initiative is expected to create a wealth of employment opportunities while facilitating quicker access to major tourist attractions.

Indian manufacturing faced its lowest growth rate in five years during August, characterized by a slowdown in output and new orders amid diminished demand. This period also marked the first job contraction in over two years, although input procurement remained robust for the sixty-second month. Finished goods stocks swelled as actual sales fell short of forecasts.

CPP Investments has committed around 2,070 crore ($215 million) to NIIF Infrastructure Fund II, strengthening its partnership with NIIF. The fund will invest in Indias infrastructure sector, focusing on long-term growth themes including urbanisation, digitalisation and the energy transition.

TV star Ram Kapoor recently divulged some long-kept secrets of his life. He admitted how he had a strained relationship with his father, who wanted him to join the family business instead of acting, and how, despite their estranged relationship, he managed to be at his fathers side when he was dying from cancer.

In a bid to boost climate and transition finance, banks are pressing for a lower cash reserve ratio for green deposits. Presently, estimates show that these deposits fall short of the necessary critical mass. A decreased CRR could significantly cut funding expenses and unlock capital for loans, as India strives for substantial investments to fulfill its net-zero goals.

In a sweeping operation, the Income-tax Department has searched Dentsu Media Group's offices throughout India. The focus primarily lies on several entities connected to this Japanese advertising giant's operations. Following an investigation into transactions within an Indian subsidiary, Dentsu has contested claims of 522.8 crore concerning purported goods and services. As the investigations proceed, the group remains resolute in defending its actions and is collaborating with authorities.

Permira, a leading global private equity firm, is ready to buy a significant stake in Cloudnine Hospitals, which places the parent company's valuation at approximately eleven thousand crore rupees. This acquisition involves purchasing the stake from existing investor True North Capital. The deal awaits appropriate regulatory clearances, and Cloudnine is also exploring acquisitions of further hospital ventures.

Drinking a cold drink straight from the can is a common habit, especially when the beverage is already chilled and there is no glass around. But while the drink remains sealed inside, the outside of the can goes through a very different journey before it reaches the consumer. Food-safety guidance has some simple advice on what people should do before putting the can directly to their lips, and the reason behind it may make you reconsider this everyday habit

During a Fox News interview on September 1st, President Donald Trump remarked that Iran has squandered multiple opportunities for a meaningful agreement. He stated that any potential deal with the Iranian government is unlikely to be trustworthy or reliable, highlighting his strong opposition to ongoing negotiations and indicating a decisive stance on US-Iran relations.

Best Mexican Proverb of the Day: Build a reputation and you can rest easy explores how a persons established reputation can influence the way others perceive their actions. The Mexican proverb suggests that once an image becomes firmly associated with someone, people may continue to judge them through that reputation, even when their behaviour changes over time.

In a powerful address, Prime Minister Modi called on the SCO to take a firm stand against nations that leverage terrorism for state agenda. He emphasized the need to dismantle the networks that support terrorism and eliminate the hypocrisy surrounding counter-terrorism efforts. Modi also highlighted the importance of dialogue and diplomacy in addressing international disputes and regional issues, ensuring that connectivity projects uphold principles of national sovereignty and territorial integr

Thomas Young was a remarkable 18th-century polymath who knew several languages by the age of 14 and later made important contributions to science, colour vision and medicine. He also played a key early role in deciphering Egyptian hieroglyphs through his study of the Rosetta Stone, identifying links between hieroglyphs and sounds in the name Ptolemy before Jean-Franois Champollion took the breakthrough further.

Nestle has agreed to sell its vitamins and supplements business to Yellow Wood Partners. This significant deal is valued at approximately one billion dollars for the platform. The transaction includes seven well-known brands and a private-label supplements business. Nestle stated this move allows focusing resources on stronger competitive advantages. The acquisition is expected to be finalized by the first half of 2027.

India's priorities found reflection in the SCO Bishkek Declaration adopted Tuesday. The declaration emphasized combating terrorism and strengthening scientific cooperation among members. New Delhi highlighted thirteen key outcomes, including a center for countering security threats. Prime Minister Modi urged confronting nations using terrorism as state policy. This summit strengthened India's engagement with the Eurasian region.

In a significant move, India and the US have vowed to bolster their bilateral relationship, particularly in critical minerals supply chains. U.S. Treasury Secretary Scott Bessent praised India's involvement in G7 discussions. Finance Minister Nirmala Sitharaman invited him to visit New Delhi, marking a pivotal moment. Furthermore, the US will take center stage by hosting the G20 Leaders' Summit later this year.

Prakhar Purohit created tiny batteries using dirty water for a science project. His innovative idea earned him the 2026 North Carolina State Merit Winner recognition. This award highlights students exploring real-world issues through scientific experimentation. Purohits project connects water pollution with small-scale electricity generation needs. The initiative encourages innovative approaches to environmental and energy challenges.

Gujarat Chief Minister Bhupendra Patel views new trade agreements as beneficial for his state. He sees global supply chain disruptions as opportunities for new market exploration. Patel expressed confidence in attracting significant domestic and foreign investments to Gujarat. The state government's policy continuity and stability are key attractions for investors. Gujarat is also focusing on green energy initiatives and expanding its MSME sector.

A 3-year-old boy named Cade Wilson reportedly began talking about death, airplanes and working in a tall building where he could see the Statue of Liberty. His parents were initially unsure what to make of his claims, but his growing fear of planes and skyscrapers and detailed descriptions of a building being hit by a plane led them to investigate. They later found a 9/11 victim whose life and death appeared to match Cades account.

Leaders of Russia, India, and China met warmly in Bishkek. Prime Minister Modi and President Xi Jinping will hold a substantive meeting soon. They aim to rebuild economic partnerships and stabilize the Line of Actual Control. India and China agreed on new border management measures and hotline channels. President Putin praised strengthening Russia-India relations and Modi's personal attention.

Energy giant Chevron is expected to announce its expansion plans in Venezuela soon. Company officials and the Energy Secretary will visit Venezuela on Wednesday for this unveiling. This announcement follows Washington confirming a partnership to utilize Venezuelan oil production. The US government is actively pursuing initiatives to boost Venezuela's output. These developments signal a significant shift in energy sector engagement.

Germany has blamed Russia for an attempted drone attack at Leipzig airport. Authorities found evidence linking the device to Russian hybrid operations. The German government will close a Russian consulate in Bonn. Further measures include increased entry controls and sanctions against Russia. Moscow has stated it will respond to these German actions.

Quote of the Day: Sophia Lorens timeless quote of the day, At the dressing table, every woman has a chance to be an artist, and art, as Aristotle said, completes what nature left unfinished, celebrates beauty as an art form. The classic quote also explores how every woman can use personal style, creativity and confidence to express herself.

In a united front, the SCO countries dismissed double standards in addressing terrorism and cross-border movements, expressing their profound worries about the situation in West Asia and condemning US military actions against Iran. The member nations strongly promoted political and diplomatic avenues to resolve conflicts in the region and underscored the importance of a just resolution for the Palestinian situation. The upcoming SCO summit is set for 2027 in Pakistan.

Madhya Pradesh government will develop an aerocity near Indore's airport. This modern commercial hub is expected to attract significant investment. The aerocity will offer hotels, office spaces, and residential developments. It will also provide direct connectivity to the Indore-Pithampur Economic Corridor. A theme-based amusement park is also planned for the city.

Quote of the Day by James Stewart: James Stewarts quote, You have to develop a style that suits you and pursue it, not just develop a bag of tricks. Always be yourself, explores the importance of individuality, authenticity, and self-confidence. The quote suggests that true success comes from developing your own unique style and staying genuine rather than simply copying others or relying on temporary tricks and techniques.

The U.S. Railroad Retirement Board successfully recycled over 3,200 pounds of electronic waste. This achievement was driven by federal programs like Computers for Learning and property management. Excess computers were donated to schools, boosting staff morale and program continuation. Other electronics were recycled by certified vendors, ensuring best practices were followed. The agency also returned reusable mobile devices for bill credits.