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Mangalore News

Business Standard

Mangalore / Business Standard

FCNR (B) haul soars to $127 bn on final sprint exceeding mkt expectations

Banks mobilised $127.2 billion through the FCNR(B) swap window by August 31, taking total forex inflows under the RBI facility to $136.4 billion

2 Sep 2026 11:34 pm
Pranav Constructions' 351 cr IPO to open on Sep 7 at 118-124/share

Pranav Constructions has set a 118-124 price band for its 351-crore IPO, comprising a fresh issue of 315.6 crore and an OFS worth 35.4 crore

2 Sep 2026 11:20 pm
US government backs OpenAI in New York Times', others' copyright case

US separately told G20 officials at a meeting in North Carolina on Wednesday that their countries should embrace fair use and allow AI companies to train their models on creators' work

2 Sep 2026 11:11 pm
Rising bond yields make largecaps attractive; mid, smallcaps may lag

Nifty 50's equity risk premium looks attractive

2 Sep 2026 11:11 pm
PM Modi calls for greater adoption of water-saving technologies

Prime Minister Narendra Modi on Wednesday called for sensitising urban local bodies to the challenges arising from urbanisation, including population growth and future water requirements. Addressing the valedictory session of the Ministry of Jal Shakti's two-day National Departmental Summit on Water, Modi called for greater adoption of water-saving technologies and suggested dedicated exhibitions and workshops, including on exposure to global best practices, to enable Indian manufacturers and st

2 Sep 2026 11:11 pm
Saturday Evening Post to cease print publication after 205 years

The magazine, which debuted in 1821, will continue to publish new articles and fiction online.

2 Sep 2026 11:10 pm
China's Xi urges new Middle East security framework during Egypt visit

Xi also said China was ready to work with regional countries to safeguard shipping routes, an issue that has taken on greater importance after conflict disrupted traffic through the Strait of Hormuz

2 Sep 2026 11:10 pm
Uber to cut 10% of jobs, or 3,300 roles, to reduce management layers

The cuts will reduce the number of managers in the company by 20%, with some being moved to the role of an individual contributor, an Uber spokesperson said.

2 Sep 2026 11:09 pm
US private payroll growth slows in August; factory orders rebound in July

Education and health services payrolls increased by 45,000 positions. The leisure and hospitality sector added 16,000 jobs, while financial activities payrolls rose by 6,000.

2 Sep 2026 11:08 pm
Floods aftermath: Nepal seeks climate compensation from India, China, US

China, the US and India have made extremely large contributions to climate change and left smaller nations enduring the price of it, Nepal's Foreign Minister Shisir Khanal told Kantipur TV.

2 Sep 2026 11:06 pm
Earth will soon exceed safe temperature threshold: United Nations

Earth is soon going to exceed the safe temperature threshold agreed upon by the world in the 2015 Paris climate accord because of warming from the burning of coal, oil and gas

2 Sep 2026 11:02 pm
Lyte raises $165 million funding, valuation jumps 3x to $1.6 billion

The latest financing was led by Maverick Silicon, according to a statement on Wednesday, with participation from existing investors, including Fidelity Management & Research

2 Sep 2026 10:56 pm
Refurbished medical device import policy remains under discussion

India's proposed rules for refurbished medical device imports remain unresolved nearly a year after a government panel was formed, amid safety concerns and demand from smaller hospitals

2 Sep 2026 10:49 pm
Kiranas to quick commerce: How the landscape changed for retail trade

India's retail sector has evolved from neighbourhood kiranas to organised retail, ecommerce and quick commerce, driven by liberalisation, technology and changing consumer habits

2 Sep 2026 10:26 pm
The art of judgement by stealth

The new edition makes the exercise more interesting because Mr Parameswaran has added the decade from 2015 to 2025

2 Sep 2026 10:05 pm
Adobe acquires Indian AI automation startup Rilo to boost agentic push

The deal marks Adobe's second known acquisition of an Indian firm as it expands its push into agentic marketing and AI-powered automation

2 Sep 2026 10:03 pm
GIFT-IFSC banks sanction $54 billion under RBI's FCNR(B) swap facility

Twenty international banking units sanctioned $54.02 billion and disbursed $52.82 billion under the facility by August-end, according to IFSCA data

2 Sep 2026 10:01 pm
India for US push to tackle global imbalances as China blocks G20 consensus

G20 members failed to reach a joint statement after China opposed the proposal, contending with the Chair's statement.

2 Sep 2026 10:00 pm
Questions behind the twin crises

While there has been fuzziness around the reasons precipitating the twin crises, within days of each other last month, a closer look will show a functional arbitrariness in both cases

2 Sep 2026 9:58 pm
Refocus PLI towards exports

Wider reforms, not picking winners are the answer

2 Sep 2026 9:55 pm
MoSPI defends GDP estimates, explains negative manufacturing deflator

Statistics ministry says faster rise in input prices than output prices led to negative manufacturing deflator, rejects concerns over revisions and discrepancies

2 Sep 2026 9:53 pm
'Govt has data for offshore wind sites, but high costs slow progress'

Government has completed wind, geotechnical and geophysical studies for a potential Tamil Nadu site, but high technology costs and lack of expertise remain hurdles

2 Sep 2026 9:51 pm
Aero India 2027 to be held in Bengaluru from Feb 8-12: Defence ministry

India's biennial aerospace exhibition Aero India will be held at Yelahanka on the outskirts of Bengaluru from February 8-12 with an aim to project the country as a hub for defence manufacturing. Aero India has emerged as a flagship international event showcasing the nation's growing capabilities in aerospace, defence manufacturing, emerging technologies and innovation. Aero India, Asia's largest air show and one of the world's premier aerospace and defence exhibitions, is all set to return with

2 Sep 2026 9:48 pm
Message from Bishkek

If the summit underlined a critical international message, it was the emergence of China and President Xi Jinping in particular as a powerful competing sphere of influence

2 Sep 2026 9:48 pm
US oil giant Chevron confirms it will expand operations in Venezuela

Oil giant Chevron is confirming that it will expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation's oil reserves and give the Pentagon a stake in the profits. Chevron said Wednesday that it has been assigned additional acreage in the Orinoco Belt, where the company has an established position. Joint venture plans include investing more than USD 7 billion over the next five years, more than doubling production to approximatel

2 Sep 2026 9:47 pm
Dutch central bank shifts billions in gold to London in 'preparedness' move

The Dutch central bank announced on Wednesday that it has moved billions of dollars worth of its gold reserves out of North America in a move it described as crisis preparedness in a time of global political unrest. It said that between March and August, some 86 metric tons (94.8 tons) of gold were transferred to London from the combined total of around 313 metric tons (345 tons) held in New York and Ottawa, Canada. Before the move, New York housed 31.3 per cent of the Dutch gold, and Ottawa hel

2 Sep 2026 9:46 pm
Macroeconomic management

The Iran war and disruption in energy supplies, resulting in higher prices, created the possibility of an expansion in the CAD

2 Sep 2026 9:44 pm
Bihar on alert as major rivers swell, all 69 gates of Sone Barrage opened

Incessant rains lashed several parts of Bihar over the past 24 hours, causing water levels in major rivers to rise and prompting authorities to remain on alert, officials said on Wednesday. All 69 gates of the Sone Barrage at Indrapuri in Rohtas district have been opened to facilitate the flow of water and help control the flood situation, they said. According to the latest bulletin issued by the Bihar Water Resources Department (WRD), the Kosi, Gandak, Burhi Gandak, Ganga and Punpun rivers are

2 Sep 2026 9:41 pm
F&O turnover slumps to 14-month low of 347 trillion in August, shows data

Equity derivatives turnover fell 22% month-on-month in August after the closing auction session took effect, but BSE volumes are showing signs of recovery in September

2 Sep 2026 9:03 pm
India must review green finance norms to fund nuclear energy: NITI member

Abhay Karandikar says nuclear energy should get access to green finance, while India must build specialised skills and capacity to achieve its 100 GW target by 2047

2 Sep 2026 8:54 pm
BP names interim chairman Ian Tyler as chair with immediate effect

Tyler, who joined BP's board as a non-executive director in April 2025, has served as interim chairman since May and will take over the role with immediate effect

2 Sep 2026 8:42 pm
Railway engineers propose removing rotating seat in Vande Bharat EC coaches

Senior railway engineers have proposed eliminating the seat-rotation feature in the executive class of Vande Bharat trains, one of its distinguishing and discussed features, and making the seats sturdier to improve operational efficiency. They contend the feature requires more space and makes the components prone to wear, resulting in frequent maintenance requirements. The proposal was discussed at a recent conference of Principal Chief Mechanical Engineers (PCMEs), where coach production units

2 Sep 2026 8:39 pm
Data centre spending to reach $31.6 trillion by 2050 on AI boom

At the same time, the tech industry is trying to blunt a backlash against data centers that threatens to slow down the buildout.

2 Sep 2026 8:38 pm
India must prioritise thorium as uranium supply tightens: Anil Kakodkar

Former Atomic Energy Commission chairman says India should use thorium in PHWRs and develop recycling technologies as pressure on global uranium supplies increases

2 Sep 2026 8:38 pm
Apple Maps renames Lake Ontario to 'Lake America' after Trump order

Apple took the step after Trump signed a directive changing the name, escalating a trade spat with Canada. The order gave the Int Dept 30 days to make the switch in federal databases and materials

2 Sep 2026 8:36 pm
Hexaware names Vivek Jetley CEO Designate, to take charge in October

Vivek Jetley will take over as CEO on October 28, while Srikrishna Ramakarthikeyan will step down after 12 years and remain with the company as senior advisor

2 Sep 2026 8:16 pm
Anime India Mumbai 2026 Draws Over 45,000 Fans, Marking a Landmark Celebration of Anime and Japanese Pop Culture

Mumbai (Maharashtra) [India], September 2: Anime India Mumbai 2026, an initiative by AnimationXpress, concluded on 30 August at NESCO Exhibition Centre, Goregaon, Mumbai, with a massive gathering of anime fans and a high-energy concert that brought the three-day celebration to a spectacular close. Drawing over 45,000 attendees, the event marked one of the biggest celebrations of anime and Japanese pop culture in the city, bringing together fans, creators, artists, performers, gamers, cosplayers

2 Sep 2026 8:15 pm
Goyal urges auto-component makers to expand footprint in developed markets

Commerce minister asks industry to leverage trade agreements, build overseas manufacturing presence, move up the value chain and strengthen supply-chain resilience

2 Sep 2026 8:13 pm
CBRE to set up global Agentic AI CoE in Hyderabad, eyes frontend work

India will anchor the core of the CoE alongside a Dallas team as CBRE targets automation of 30 critical enterprise workflows over the next nine to 12 months

2 Sep 2026 8:12 pm
Ashok Soota: The serial entrepreneur who refuses to hang up his boots

After selling a majority stake in Happiest Minds to ITC Infotech, the 83-year-old entrepreneur is turning his focus to healthcare, medical research and AI

2 Sep 2026 8:10 pm
Hyundai expects 8-10% H2 sales growth, aims to outpace PV industry

Automaker expects passenger vehicle industry to grow 5-6 per cent in H2; new mid-size SUV and sub-four-metre EV are expected to help it grow faster than the market

2 Sep 2026 8:08 pm
NCLT orders TLPL's RP to halt further disposal of auctioned assets

Bengaluru Bench directs TLPL's resolution professional and auction buyer Comprint to maintain status quo on disputed assets until the next hearing on September 21

2 Sep 2026 8:05 pm
Sikar's Smriti Van gets 685.393-metre green pergola walkway

Sikar (Rajasthan) [India], September 2: Smriti Van in Sikar has added a major green infrastructure feature with the development of a 685.393-metre-long metal pergola walkway covered with living green creepers. The structure has a height ranging from 4.76 to 4.88 metres and has been developed to provide pedestrians, walkers, joggers, runners and sportspersons relief from direct sunlight while promoting greenery and awareness about nature conservation.

2 Sep 2026 7:55 pm
Sugar mills question high retail prices as ex-mill rates fall sharply

Sugar mills say retail prices should have fallen faster as ex-mill rates dropped nearly 30 per cent from their August peak, with no shortage reported in the market

2 Sep 2026 7:52 pm
Alteon plans aircraft that can stay airborne for months without fuel

Bengaluru startup Alteon is developing autonomous aircraft that use dynamic soaring, inspired by albatross flight, to remain airborne for months and monitor oceans continuously

2 Sep 2026 7:47 pm
Pine Labs appoints former Razorpay executive Jayaram Karthik as COO

Karthik will lead operations and merchant experiences across India and international markets as Pine Labs looks to build a unified operational model globally

2 Sep 2026 7:45 pm
NMDC's August iron ore production rises 21% to 4.07 million tonnes

Cumulative production rises 26 per cent to 23.23 MT in April-August; state-run miner says it is on track to produce more than 60 MT of iron ore in FY27

2 Sep 2026 7:41 pm
Juspay rolls out platform to improve brand discovery across AI interfaces

Breeze Universal connects brands' product catalogues with AI interfaces, allowing shoppers to discover, compare and purchase products within a single conversation

2 Sep 2026 7:40 pm
10-year bond yield closes shy of 7% as US yields, crude prices rise

Liquidity surplus tops 7.75 trillion as FCNR(B) swap inflows continue; weighted average call rate drops to 5.02 per cent from 5.16 per cent

2 Sep 2026 7:38 pm
India's small-scale fishers face unpredictable climate risks: Report

The report recorded the experiences of fishing communities and identified climate vulnerability as an issue that must be addressed proactively in the country's future small-scale fisheries policy.

2 Sep 2026 7:38 pm