GAIL India, a leading natural gas distributor, saw a 5.9% decrease in quarterly profit due to lower gas marketing margins and higher costs. Despite an 11% increase in revenue from the gas marketing segment, trading margins were affected by long-term LNG contracts and reduced availability of government-regulated feedstock. Expenses also rose by 11.4% due to rising costs in LPG
President Trump's new executive order imposes a $100,000 fee on H-1B visa applications, causing worry for Indian IT industries. This move is expected to hinder the US economy and benefit India's growth. Ex-NITI Aayog CEO Amitabh Kant predicts a surge of progress in India's top IT sector as the order will push a wave of innovations and patents in Bengaluru, Pune, Hyderabad and Gurgaon.
The Mumbai-Ahmedabad bullet train project achieved a breakthrough for a 4.88 km-long tunnel between Shilphata and Ghansoli. The tunnel, part of the 21 km underground stretch, was excavated using the NATM method. The breakthrough now connects the Savali shaft to the tunnel portal at Shilphata, linking it to the viaduct portion of the project.
India warns citizens about fake job offers in Iran, citing recent cases of Indian nationals being lured with promises of employment and then kidnapped by criminal gangs. MEA cautions Indians to be vigilant and not to trust agents promising visa-free entry into Iran for employment purposes. Visa-free entry is only allowed for tourism.
FBI Director Kash Patel's handwritten note, which appears to be a pep-talk to himself, has gone viral on social media. The note was written during a congressional hearing on political violence and Jeffrey Epstein's case files. The note includes lines like "Good fight with Swalwell" and "Rise above the next line of partisan attacks". Social media said that it reflects Patel's "troll mentality".
Renowned Assamese singer, Zubeen Garg, died at 52 after sustaining water adventure injuries in Singapore. He was scheduled to perform at the North East Festival but passed away due to his injuries. The Assam CM stated that Garg was not wearing a life jacket and had removed it, claiming it was too big. An investigation is ongoing, and his body will be kept for the public to bid farewell.
The US government plans to impose a $100,000 annual fee on H-1B visas to prevent abuse of the program by IT outsourcing companies like TCS, which is the second-highest beneficiary after Amazon. The move aims to curb the influx of foreign STEM workers and address the issue of artificially low labor costs.
IIM Ahmedabad released its 2025 placement report, showing a 7.9% increase in median salary for PGP students to Rs 34.53 lakh per annum in domestic placements. The maximum salary also saw a staggering 96% growth to Rs 1.1 crore per annum. However, international placements saw a 23% drop in maximum salary, with only 2 students placed compared to 11 last year.
Manish Gupta, the new president and MD of Dell Technologies India, has launched a growth strategy targeting cloud, AI, and data center solutions. He sees India's digital infrastructure and initiatives as key drivers for its emergence as a global tech leader. Dell India's role in global operations and local digital infrastructure makes it a crucial player in India's tech revolution.
President Trump has implemented a $100,000 fee for new H-1B visa applications, sparking criticism for its potential harm to small businesses and startups. The fee will be paid by employers and takes effect on September 21, raising concerns about the impact on the US economy. Experts warn of a potential decrease in foreign workers and their impact on the US economy.
Realme P4 Pro is a budget-friendly phone designed for young users. It boasts a smooth display, strong camera system, and smart features, making it ideal for casual gaming and daily use. With a distinct design and long battery life, it also offers a powerful processor, advanced cooling, and AI utilities for versatile use.
The Blaupunkt 65-inch Mini QD Google TV from the Milkyway Series is a budget-friendly option with advanced features such as Dolby Vision, 120Hz refresh rate, and smart home integration. Its bezel-less frame and slim design add to its appeal, while the six-speaker setup provides excellent audio quality.
TCC Concept, a BSE-listed real estate service provider, has announced its plan to acquire omnichannel furniture retailer Pepperfry. The deal is expected to be below Pepperfry's last-known valuation of $367 million, as the company has been struggling to scale and find potential buyers. Pepperfry's revenue dropped by 30.6% in FY24, but TCC aims to use its technology-driven platforms.
Morgan Stanley predicts Adani Power's market share in thermal segment to double to 15% by FY32, with capacity increasing to 41.9 GW. The company has favorable resolutions of regulatory issues and a strong balance sheet. 60-65% of its capital expenditure is expected to be met through internal accruals. Adani's Ebitda is forecasted to reach Rs 67,200 crore by FY33, with a CAGR of 17%. India aims to
Amazon is investing Rs 2,000 crore to expand its network of micro-fulfilment centres in India from 100 to 300 by 2025. These centres will help speed up deliveries of daily essentials and high-demand items, using technology and AI to increase productivity and efficiency.
SAP has launched Sovereign Cloud in India, investing €20 billion in Europe and dedicating teams for initiatives. The Secure Operational Facility at SAP Labs India Innovation Park in Bengaluru will co-create digital solutions. "Viksit Bharat" is the focus, with Meity's additional secretary praising India's talent pool.
Trump signs proclamation for $100,000 fee on H-1B visas, sparks backlash from tech industry. Commerce Secretary defends decision, saying it will only apply to top professionals and has support from major companies. Experts warn of potential harm to US-India trade relations and ability to attract top talent.
Supreme Court to hear Vodafone Idea's plea against Rs 9,450 crore demand from DoT on September 26, with government not opposing the petition. This marks a change in the government's stance, as it now holds a near-50% stake in the company. The court also flagged the issue of finality, with Vodafone Idea's stock surging 12.36% and Bharti Airtel also gaining.
FMCG distributors have requested relief from the Centre for the accumulated cess on soft drinks and cigarettes, now subject to a 40% GST. This has resulted in a large pool of unutilized input tax credit, causing a liquidity squeeze for distributors. The All India Consumer Products Distributors Federation has called for government intervention.
The Indian stock market is set to receive a large amount of paper worth $70 billion in the next year, mainly from IPOs, institutional placements, and promoter/private equity blocks. This is due to favorable valuations and the potential for further capital raising. Promoters and private equity firms are taking advantage of high stock valuations.
The Trump administration plans to charge a $100,000 yearly fee for H-1B visas, affecting skilled workers from India and China. This is part of a larger immigration crackdown, with supporters citing the need for talent, while critics claim it hurts American workers. This move may also drive away global talent and push companies to outsource work. India is the biggest recipient of H-1B visas.
Apple's new iPhone 17 series has received a strong response with pre-bookings surpassing last year's iPhone 16 launch. Analysts predict shipments of over 5 million units in the July-September quarter, with the iPhone 17 series contributing 15-20% of sales. The festive season and supply shortages have led to long queues and record sales in India.
The CAG of India, K Sanjay Murthy, stressed the importance of enhancing audit quality of Urban Local Governments (ULGs) to drive the country's GDP growth. Special attention will be given to 100 cities with a population of over 0.5 million, as they contribute over 50% of the GDP. Although the government has introduced an Urban Challenge Fund, issues like pollution, traffic.
Chouhan urges farm equipment makers to pass on GST cuts to farmers starting September 22, resulting in 7-13% price reduction. He stresses the importance of reducing middlemen and ensuring direct benefits to farmers to boost farm mechanization and lower input costs. The move is expected to make farm machinery more affordable and increase financial benefits for farmers.
Sebi plans to introduce corporate bond indices to boost derivative trading, as stated by Ananth Narayan at an ASSOCHAM event. Despite previous unsuccessful attempts, Narayan stressed the importance of diversifying instruments to cater to investors' risk appetite.
Japan's Rating and Investment Information upgraded India's long-term sovereign credit rating to 'BBB+' from 'BBB', citing its strong economy, demographic dividend, domestic demand, and sound government policies. This is the third upgrade this year, reflecting increasing recognition for India's robust macroeconomic fundamentals and prudent fiscal management.
Prism, parent company of Oyo, has launched CheckIn, a collection of 1,300+ premium value hotels in India. The brand caters to growing middle-class with trained staff, breakfast, clean rooms, amenities, and in-room entertainment. It brings together Oyo's brands under one umbrella, with professional management for consistent service.
Godrej Enterprises Group's appliances business aims for a 40% sales surge this festive season, thanks to GST cuts, wider distribution, and strong product offerings. The lowered GST rates on ACs, TVs, and dishwashers will drive sales, particularly among budget-conscious buyers who have been hesitant to spend amid economic uncertainties.
The government's eCourts project Phase III has been hindered by challenges and delays, resulting in a massive backlog of over 53 million cases. The project aims to digitize documents and establish virtual courts and eSewa Kendras, but obstacles like procedural matters, the digital divide, and interoperability need to be overcome for its success.
Srinivas Phatak, Unilever's new CFO, is the second Indian to join the Unilever Leadership Executive (ULE). India's contribution to Unilever's revenue is over 12%, making it a key market for the company. Phatak's financial skills will be put to the test as he navigates future challenges and growth, partnering with CEO Fernando Fernandez.
Sebi's new related party transactions framework brings a scale-based approach, with stricter rules for smaller companies and raised thresholds for larger ones. This aims to improve governance and empower auditors to use professional judgement, increasing transparency and trust for investors.
Filing income tax returns can be overwhelming, and even the most careful taxpayers can make errors. Luckily, the law allows for corrections through revised, rectification, and updated returns, providing a safety net for taxpayers to fix mistakes caused by oversight or system errors. It is crucial to identify errors early and take immediate action to avoid penalties.
Infosys shareholders may face higher tax if they participate in the buyback offer, as the buyback price of Rs 1,800 is at a premium of 16.6%. Short-term investors may find it attractive, but experts recommend long-term investors to sell on the exchange and pay capital gains tax for greater benefits. The decision should consider tax arbitrage for maximum net gains.
Transferring savings to your spouse as a gift in the 30% tax bracket will result in the income being taxed in your hands. However, gifts from specified relatives, including a spouse, are exempt from tax. For property purchases over Rs 50 lakh, 1% TDS is deducted, excluding GST. Selling gifted jewellery for land will attract capital gains tax, but exemption can be claimed.
The Maruti Suzuki Victoris is a stylish and functional midsize SUV with a bold design and a luxurious interior. It comes in CNG, petrol, and strong hybrid options, with the hybrid providing excellent fuel efficiency. While it may not have the most powerful engine, it offers good value for money and is a great choice for those seeking a fashionable and eco-friendly SUV.
At IAA Mobility, HERE Technologies and AWS launched the SDV Accelerator, a platform that combines cloud and AI capabilities to speed up the development of software-defined vehicles (SDVs). This allows automakers to start writing and testing software earlier, reducing costs and time. The platform also simplifies procurement by offering a curated catalogue of solutions.
VMS TMT Ltd's IPO garnered an impressive 102.24 times subscription on the last day of share sale, with bids for 1,25,75,87,250 shares against 1,23,00,000 shares on offer. The retail category saw 47.85 times subscription, while the QIB category saw 120.80 times and the NII category saw 227.08 times. The company raised Rs 27 crore from anchor investors and plans to use
The Range Rover Sport SV Edition Two is now more affordable with a Rs 19.7 lakh price reduction after the GST cut. It features a powerful twin-turbo V8 engine and luxurious design from Jaguar Land Rover's Special Vehicle Operations division. Though it may be challenging to drive in India's busy streets, it offers a perfect combination of opulence and performance.
iValue Infosolutions Ltd's initial public offering (IPO) received 89% subscription on the second day of bidding, with bids for 1,16,70,950 shares against 1,31,17,272 shares on offer. The IPO, which will conclude on September 22, has a price band of Rs 284 to Rs 299 per share and is a complete offer-for-sale (OFS) of 1.87 crore equity shares by promoters, an investor
The BMW iX3, revealed at IAA Mobility in Munich, showcases the brand's electric, digital, and sustainable future. With a range of 805 km and fast charging capabilities, it also introduces a new design and uses recycled materials. While not yet confirmed, the iX3 is highly anticipated.
Centre's advance direct tax collections for Q2FY26 from companies, LLPs, and individuals rose by 3.9% compared to 19% growth in the year-ago quarter due to personal income tax relief announced in the budget. Advance tax receipts for Q1FY26 grew by 3.6% due to tax cuts and higher refunds. Despite lower refunds, direct tax collections net of refunds rose by 9.2% to Rs 10.83 lakh crore. However
Assam's renowned singer Zubeen Garg passed away at 52 while scuba diving in Singapore. He was supposed to perform at a festival the next day and had informed his fans about it in his last Instagram post. The singer died of a heart attack and was known for singing in 40 languages and playing 12 instruments. He also had a successful Bollywood career and was involved in various charitable activities.
Royal Enfield motorcycles will be available for sale on Flipkart from September 22, coinciding with the new GST rates. The range includes Classic 350, Hunter 350, Bullet 350, Meteor 350, and Goan Classic, with prices ranging from Rs 1,37,640 to Rs 2,20,716. The company aims to make the motorcycling experience accessible to more riders through this partnership.
Oil India and Hindustan Copper have joined forces to explore and develop critical and strategic minerals, such as copper. This collaboration aims to boost India's self-sufficiency in sourcing these minerals and ensure energy security and technological progress. Additionally, Oil India plans to invest Rs 1.3 trillion in projects like deep-water exploration, green hydrogen, and compressed biogas.
India's crude import bill for the first five months of FY26 dropped by 17% to $50.4 billion, with 101.1 million tonnes of crude oil imported. Domestic production decreased by 2%, leading to a reliance of 80.2%. The decrease in the import bill is due to lower prices and discounted Russian barrels, despite geopolitical challenges faced by Indian refiners.
SEBI is still investigating accusations against the Adani Group, including potential violations of minimum public shareholding rules and insider trading. The recent SEBI order cleared Adani of fraud and unfair trade practices, but the investigations are ongoing. Adani has asked for an apology from Hindenburg Research, and while the Indian market regulator has cleared him
Phoebe Gates, daughter of Bill Gates, has launched a fashion-tech startup, Phia, with $8 million in funding. Despite her wealthy background, she received no financial support from her parents, who believe in the value of career guidance over money. The Gates also stress the significance of surrounding oneself with the right people and valuing human connections for success in entrepreneurship.
Kerala, a state in India, has surpassed the US in key indicators of human development, according to Congress MP Shashi Tharoor. In a viral post, he shared a chart comparing the two on six indices, including literacy rate, infant and maternal mortality rates, and poverty. Kerala has performed better than the US in four out of six indices, showing its progress.
Indian corporate workforce struggles with burnout and stress, leading to "quiet cracking" and "quiet quitting." While Gen-Z may suggest quitting a job that causes unhappiness, experts warn that disengagement and poor performance due to persistent unhappiness can also be harmful. Burnout is the underlying cause of both these issues.
BHEL receives show cause notices from GST authorities in Telangana for discrepancies in annual returns and financial statements. Potential liability of Rs 586.43 crore indicated, but no penalties imposed yet. BHEL claims issues raised are not tenable and is preparing a response. Share price has seen a 15.90% increase in the past six months. No further action or sanctions imposed at this stage.
Mini will launch the highly-anticipated Countryman John Cooper Works (JCW) Edition on October 14, with pre-bookings starting on the same day. The crossover will be available in 11 cities in India and can also be booked through Mini's official website. It will feature a 2.0-litre turbocharged petrol engine, producing 295 bhp and 400 Nm of torque, paired with a seven-speed DCT gearbox.