Dabur, a leading FMCG company, has received a tax demand of Rs 271.6 crore from the Judicial Assistant Commissioner in Chandigarh, along with an equal penalty and interest. The company has appealed against the demand, but the appellate authority has rejected it. Dabur plans to seek legal opinion and take further steps, but if the appeals are rejected
The Trump administration’s recent move to slap a hefty $100,000 fee on new H-1B visas has not only sent the techies into panic mode but is also weighing heavily on the tech world. Amid the ongoing debate an Indian tech professional recalled the years he spent in the United States feeling “exploited and trapped” under the visa system.
Motilal Oswal is optimistic about Larsen & Toubro, Gland Pharma, and Kotak Mahindra Bank, anticipating a maximum of 18% gains. L&T's robust order book is a big trigger while Gland Pharma is predicted to boost profits by investing in niche US approvals and expanding capacity. Kotak Mahindra Bank is concentrating on retail and SME sectors, with projected NII growth and reduced credit expenses.
The US has announced a new fee of USD 100,000 for new H1-B visas for foreign workers, which will only slightly impact the operating margins of Indian IT companies. The reliance on H-1B visas has been decreasing and the visa fee hike is expected to accelerate offshoring. India's IT industry is expected to reel in USD 143-145 billion this fiscal.
KPI Green Energy has secured a Rs 3,200 crore finance facility from State Bank of India for its solar and hybrid projects in Gujarat. The projects are backed by long-term PPAs with Gujarat Urja Vikas Nigam Ltd and will contribute to the company's goal of 10 GW capacity by 2030. The funding will also support the company's commitment to a greener and more sustainable future.
US State Department spokesperson Margaret MacLeod reiterated the Trump administration's focus on American citizens and their training through the H-1B visa program overhaul. She highlighted efforts to reduce trade with Russia and resolve the crisis in Ukraine. Trump's UN speech accused India and China of supporting the war by buying Russian oil. MacLeod emphasized the US's commitment to peace.
Adani Group chairman Gautam Adani celebrates SEBI's dismissal of Hindenburg allegations and vows to focus on strengthening governance, accelerating innovation, and doubling down on nation building. The report by the US-based short-seller had triggered a $150-billion sell-off in group stocks, but Adani's portfolio has since seen a 57% increase in just two years.
The RBI's September 2025 bulletin reports a 7.8% GDP growth, a five-quarter high, due to the positive impact of recent GST reforms on the Indian economy. Despite global challenges, strong growth is projected for the second half of the year, aided by healthy corporate balance sheets and ongoing reforms. The bulletin also highlights the positive impact of GST reform on economy.
Maharashtra Chief Minister Devendra Fadnavis on Thursday took several jabs at Congress leader Rahul Gandhi, calling his appeal to India’s Gen Z to fight alleged vote theft “hopeless.” Speaking at the India Today Conclave 2025 in Mumbai, Fadnavis said, “Whoever is in love with Nepal can stay there.”
PM Modi promises further tax relief as India's economy strengthens, citing recent GST reforms as a significant step towards growth. He assures ongoing reforms and emphasizes the need for self-reliance and investment in research and innovation. The PM also highlights initiatives such as no income tax for individuals earning up to Rs 12 lakh.
Hindustan Copper's share price jumps 6.9% on supply constraints in the global copper market and potential for further rally. China's 5% cut in production adds to supply pressures, while inventories remain low. Stock has seen a strong performance in the last month, but a 3.6% decline over the past year. Q1 FY25 results show an 18.4% increase in net profit and 4.6% growth in revenue.
The Ganesh Consumer Products IPO, which opened on September 22 and closed on September 24, will finalize share allotment today and list on September 29. The subscription was 2.68 times, with QIBs at 4.03 times and NIIs at 1.91 times. Check your IPO allotment status online with a price band of Rs 306 to Rs 322 per share.
Natco Pharma plans to demerge its agro business from its core pharmaceutical business, with the Board's approval. This move is expected to unlock value, drive long-term growth, and provide operational flexibility and separate branding for each entity. Natco may retain a minority stake in the new company and Board has authorized management to evaluate the demerger and suggest a capital structure.
Final hours of bidding for Solarworld Energy Solutions, Seshaasai Technologies, and Jaro Institute IPOs. GMP trends, subscription status, and issue details. Solarworld Energy's GMP at Rs 56, expected listing price at Rs 407. Seshaasai Technologies' GMP at Rs 55, expected listing price at Rs 478.
Jio BlackRock MF's CIO Rishi Kohli predicts strong results for their first active NFO, utilizing new channels like their website and digital partners. Despite market consolidation, flow impact is low. Fund managers face alpha creation challenges, but technology and data offer new sources. SIFs provide tax efficiency but pose challenges.
India joins the league of nations capable of launching missiles from rail network as it successfully test-fires Agni-Prime with 2,000 km range. Defence Minister Rajnath Singh announced the achievement by DRDO and SFC, highlighting its ability to deploy the missile across the country. The launch was tracked by ground stations and will pave the way for future operations.
Ashok Leyland, a top commercial vehicle maker, will launch hydrogen-powered trucks by 2027. Hydrogen, a clean and efficient fuel, is used in fuel cells to power vehicles. With India's goal of achieving net-zero emissions by 2070, hydrogen is a promising alternative due to its clean reputation and high energy efficiency.
Billie Eilish's "Hit Me Hard And Soft: The Tour" is her seventh headlining concert tour promoting her third album. The tour originally had 81 dates but has recently added shows in Japan and a second North American run. Fans can still purchase tickets through Ticketmaster's Face Value Exchange to prevent ticket scalping.
Ducati has launched the latest version of its flagship road-legal performance motorcycle, the Panigale V4 R, which boasts of mechanical upgrades from the MotoGP and World Superbike Championships. The bike will be available in India early next year and has been co-developed with Ducati Corse. It features Corner Sidepods, a dynamic front air intake, and a fairing with larger wings.
Nomura maintains a 'Neutral' rating on Glenmark Pharma with a target price of Rs 1,500, implying a downside of 25.7%. Glenmark announces an in-licensing agreement with Hengrui Pharma for an oncology ADC drug. Nomura explains Glenmark's strategy of building a branded, patented drug portfolio through in-licensing. Expectations for Trastuzumab Rezetecan launch in FY29 with peak sales of $250 million.
Two brokerages have released conflicting recommendations on Sun Pharma's stock. Jefferies is bullish, predicting a 26% upside due to growth potential in India and specialty businesses. Nuvama takes a cautious stance, highlighting concerns about flat productivity and competition.
Indian oil refiners are ramping up their petroleum exports, aided by higher crude processing capacity and a rise in domestic ethanol blending. This will fulfill Europe's winter heating oil needs and boost India's refining margins. However, the US has accused India of benefiting from cheaper Russian oil, leading to trade tensions. Gasoline and gasoil exports are also set to reach record levels
AI is transforming cardiology by detecting heart disease early, standardizing imaging, and predicting future risk. Wearable tech and remote monitoring powered by AI make prevention easier. However, challenges like regulatory approval and limited access hinder AI's adoption in healthcare. With proper safeguards and wider access, AI could shift focus from treatment to prevention of heart disease.
Larsen & Toubro's share price has seen a 6% surge in the last 6 months, thanks to its strategic partnership with BEL. Motilal Oswal, a leading domestic brokerage house, has reiterated a buy rating for the company with a target price of Rs 4,300 per share, expecting a 17% upside in the next 12 months.
Indian court rejects X's censorship claims against content removal mechanism, says platform must follow local laws. X-owner Elon Musk, a free-speech absolutist, clashed with authorities over compliance and content takedown demands. Modi government ramped up internet policing since 2023, allowing officials to file takedown orders.
iValue Infosolutions, a technology company, went public with its shares listed at a 5% discount after its IPO allotment on September 23. The stock opened at a lower price than its issue price on both the NSE and BSE. The IPO, open from September 18-22, was subscribed 1.82 times through an offer-for-sale.
The US Treasury Department has sanctioned two Indian nationals and an online pharmacy for selling counterfeit prescription pills containing fentanyl to American customers. The individuals, Sadiq Abbas Habib Sayyed and Khizar Mohammad Iqbal Shaikh, and Shaikh's company, KS International Traders, were named by the Office of Foreign Assets Control (OFAC).
Indian equity indices opened lower on Thursday, with the NSE Nifty 50 and BSE Sensex both down by 0.09% and 0.14% respectively. The Bank Nifty also opened lower by 0.15%. Small and midcap stocks also saw a decline, with the Nifty Midcap falling by 0.02%. Technical charts indicate a weak market, with a possible decline to 24,925-24,850.
LIC Mutual Fund's Pocket SIP accounts have experienced a remarkable 300% growth since its launch, attracting first-time earners, millennials, and Gen Z investors. The AUM of Pocket SIPs has surged from 350 to 1.11 lakh, with 10,000 new accounts added monthly. Overall, LIC MF's AUM has risen by 160%, reaching ₹44,000 crore. The company aims to double its monthly SIP to continue this growth trend.
The Indian IT industry has decreased its use of H-1B visas by 60% and is ready for any immigration uncertainties. To compensate, they are hiring and training local talent, establishing near-shore centers, and utilizing AI and automation for global services. This shift could position India as a leader in the global tech industry.
A 29-year-old man, Joshua Jahn, was identified as the suspect in the Dallas ICE facility shooting, where he allegedly killed one and injured two other migrant detainees. He was found dead with "ANTI-ICE" written on a shell casing.
United States Energy Secretary Chris Wright, on Wednesday, expressed strong admiration for India and said that the United States is keen to expand energy cooperation with New Delhi.
A 6.2 magnitude earthquake struck Venezuela on Thursday, with its epicentre located at a latitude of 9.87deg North and a longitude of 70.82deg West. The tremor had a depth of 10 kilometres. The National Centre for Seismology recorded the earthquake at 03:51:55 IST and there have been no reports of damage or casualties.
Poor posture can cause back pain, hinder blood circulation and glucose transport, and increase the risk of insulin resistance. Slouching can elevate cortisol production, linked to insulin resistance. Reasons for slouching include technology use and heavy items. It can weaken back muscles and lead to high blood sugar levels.
Donald Trump has found a new way to poke fun at Joe Biden. In his freshly unveiled “Presidential Walk of Fame” at the White House, every former president got a gold-framed portrait, except Joe Biden, whose spot was filled with a photo of his autopen signature.
President Trump will sign an executive order to dismantle "domestic terrorism networks" allegedly funded by left-wing groups. This comes after his crackdown on illegal immigration and claims that the suspect in a conservative activist's assassination was part of a coordinated left-wing movement.
Adani Airport Holdings has signed an MoU with Wadhwa Group to lease 405 apartments in Panvel for NMIAL staff and their families. The deal, worth Rs 350 crore, will provide one, one-and-half, and two bedroom apartments. The Navi Mumbai International Airport, launching on September 30, will handle 20 million passengers in the first phase and eventually reach a capacity of 90 million.
The US Commerce Department has launched a new investigation under Section 232 of the Trade Expansion Act, focusing on imports of robotics, medical equipment, and industrial machinery. Companies are being asked to provide information on demand and domestic production capabilities.
Key companies and developments in focus on Thursday's trade include capital infusions, block deals, mergers and acquisitions. Tata Steel injects fresh capital into TSHP, Waaree Energies infuses Rs 300 crore into subsidiary WESSPL, Akzo Nobel India sees significant block deal, Glenmark Pharma enters collaboration agreement with Hengrui Pharma, and more.
Billionbrains Garage Ventures, the parent company of Groww, has received SEBI approval for an IPO in the Indian market. The timeline is not yet confirmed, but the company is valued at $7-8 billion and aims to raise $700 million to $1 billion. Groww, an online stock broking firm, offers a range of financial services including stock trading, IPO bidding, and personal loans.
Investors in Walt Disney have requested documents regarding the suspension of Jimmy Kimmel's show, citing potential wrongdoing and breaches by the Disney board and leadership. The demand was made by groups such as the American Federation of Teachers and AFL-CIO, who have threatened legal action if the information is not provided within five days.
President Trump faced multiple technical issues during his appearance at the UN, including an escalator malfunction, teleprompter failure, and sound problems. He demanded an investigation and called for the arrest of those responsible. The UN clarified that the escalator's safety mechanism was triggered and the teleprompter was operated by the White House.
Amit Shah, Union Home and Cooperation Minister, to be Chief Guest at FE Best Banks Awards in Mumbai. Maharashtra CM Devendra Fadnavis to attend. Shah's leadership and political expertise have made India a top business destination. He will present awards to best lending institutions and outstanding individuals.
Government will consider industry demands to export wheat products while prioritizing food security. Multiple ministries involved in export decisions, emphasizing the need to consider next year's wheat production. India banned exports in 2022 due to domestic food security concerns, but record production expected in 2024-25.
Atlanta Electricals Ltd's IPO was a huge success, with 70.63 times subscription and bids for 46,17,87,742 shares against 65,38,439 shares on offer. The QIB portion received a massive 194.92 times subscription, while non-institutional investors and retail investors also showed strong interest. The company raised Rs 205 crore from anchor investors and plans to use the proceeds for debt repayment.
Solarworld Energy Solutions Ltd's IPO saw strong demand on its second day, with bids for 4 times the shares on offer. Retail investors showed the most interest, followed by non-institutional and qualified institutional buyers. The company has raised Rs 220.5 crore from anchor investors and plans to raise a total of Rs 490 crore for project funding and corporate purposes. The IPO ends on Thursday.
Jaro Education's IPO received 1.95 times subscription on the second day, with bids for 72,54,336 shares against 37,23,404 shares on offer. The Non-Institutional Investors component was subscribed 3.49 times, while the Retail Individual Investors portion received 2.01 times subscription. The company aims to raise Rs 450 crore, with Rs 135 crore already raised from anchor investors.
GAIL India, a state-run company, plans to invest ₹5,363.88 crore to double the capacity of its LPG pipeline to 6.5 million tonnes per year by July 2028. The company also announced delays in completing its Mumbai-Nagpur-Jharsuguda gas pipeline project, with a revised completion date of December 31.
The first three days of GST 2.0 implementation saw a significant increase in credit card spending, with a fivefold rise in daily average spending. This surge was driven by GST relief, positive market sentiment, and festive sales programs. SBI Card, RBL Bank, and BOBCARDS all reported a significant increase, with merchants offering discounts and offers.
The IPO of Seshaasai Technologies, a payments solutions provider, was subscribed 3.09 times on the second day of offering. The three-day IPO received bids for 4,25,23,390 shares against 1,37,67,095 shares on offer. The company raised over Rs 243 crore from anchor investors and the total issue size is Rs 813 crore.
Anand Rathi Share and Stock Brokers Ltd's IPO sees strong demand from retail and HNI investors, with a 1.11 times subscription on the second day. The company aims to raise Rs 745 crore for working capital and general purposes. Their brand 'Anand Rathi' offers various financial services to a diverse client base.