Sunil Mittal and Warburg Pincus have submitted a bid to acquire a 49% stake in Haier India at a reduced valuation of Rs 6,000 crore. Haier Group, the Chinese parent, was initially targeting a valuation of $2 billion but received lower offers. Haier India is considering whether to proceed with the deal or wait for better market conditions.
Lenskart, a popular eyewear provider co-founded by Peyush Bansal, has filed for an IPO to raise Rs 2,200 crore through a fresh issue and offer for sale. Jefferies predicts strong growth in the organized retail eyewear market in India, which makes up 60% of Lenskart's revenue. The company is also expanding globally, operating in 10+ countries.
Auto sector executives stress the importance of accurate forecasting for profitability and dealer well-being. Technology and data are crucial in this process, with a focus on Vahan-based registration data and algorithm-driven systems for spare parts management. Challenges in luxury and commercial segments can be overcome with improved forecasting, GST reliefs, and positive consumer sentiment.
RBL Bank is aiming to triple its retail loan book to ₹6,000 crore by FY26 through branch banking, with plans to expand its branch network to 770 outlets by FY28. The bank is focusing on deepening customer engagement, cross-selling bundled offerings, and using a hybrid acquisition model.
ISRO and HAL have signed an agreement for the transfer of technology to produce Small Satellite Launch Vehicles (SSILV). This will allow HAL to build, integrate, and operate SSLVs, strengthening India's position in the global small satellite market. ISRO will provide training and handholding for two years, and HAL is expected to produce its first SSLV by 2027.
Gold loan demand continues to surge, reaching an all-time high of Rs 2.94 lakh crore in August 2025. The rise in gold prices has been the main driver, with a 53% increase over the past year. Lenders are optimistic about the growth potential of gold loans, with an estimated 20% growth in FY26. Regulatory efforts and higher LTV ratios are also contributing to the rising interest in gold loans.
Raymond celebrates its 100th anniversary, a remarkable feat in the consumer market. Despite its strong reputation and success, the company has struggled to keep up with the evolving fashion and retail industry. While its ventures in real estate, defence, and engineering show potential, experts suggest Raymond should prioritize its core textile business.
IDBI Bank has filed a fresh application for insolvency proceedings against Zee Entertainment over a default of Rs 225 crore. Zee has denied the claims and may take legal action. This is the second time IDBI Bank has moved the NCLT against Zee, with the previous attempt being dismissed. Zee expects no financial impact and plans to focus on new initiatives for growth and profitability.
SEBI to announce reforms for investors, companies, and market participants, including changes to RPT norms, stake dilution for IPOs, scope of credit rating agencies, and revamping of stockbroker regulations. Equity classification for REITs and InvITs may also be granted. These changes will reduce compliance friction for Indian listed firms and boost investor interest in these securities.
The cabinet has approved the construction of a four-lane high-speed corridor in Bihar with a budget of Rs 4,447.38 crore. The project will develop the Mokama-Munger section of the Buxar-Bhagalpur corridor, reducing travel time and providing safer connectivity. Additionally, a railway line doubling project has been approved across Bihar, Jharkhand, and West Bengal.
The IPO market experienced a significant increase in investment, with six issues opening on Wednesday and attracting Rs 4,485 crore. Despite removing the anchor portion, the demand was three times the combined issue sizes. Urban Company's IPO and two other mainboard issues received strong retail frenzy.
India and the US are set to resume trade talks next week, with both leaders expressing hope for a successful bilateral agreement. While tariffs and ties with Russia remain contentious issues, the two countries are working towards a mutually beneficial deal. The news has been well-received by markets, providing relief to exporters and the economy.
Gautam Singhania, chairman and MD of Raymond, shared his vision for the future of the company at its 100th anniversary event. Plans include increasing shareholder value, achieving 15% topline growth and 20-25% Ebitda growth annually, and exploring new markets due to US tariffs. The company will also launch projects worth Rs 25,000 crore in Thane and Mumbai.
UltraTech Cement is strategically expanding in southern India, a key growth driver for the company. It has acquired major players and increased its share of the region's cement capacity, leading to positive pricing and profitability. The company is on track to reach its target capacity by FY27 and is focused on cost savings and sustainability measures.
Icra analysts expect the recent GST rate cuts to boost domestic demand and support credit expansion for banks and NBFCs in the near term. They predict a rise in incremental bank credit flow and year-on-year credit growth for both banks and NBFCs in FY26. The agency maintains a stable outlook for banks and NBFCs, but warns of potential asset-quality risks and stress in smaller players.
Equity fund inflows in August were lower at Rs 33,430 crore compared to July's Rs 42,702 crore, with retail investors continuing to invest through SIPs. The industry's AUM also declined marginally to Rs 75.18 lakh crore. Large-cap and mid-cap funds saw net inflows, while small-cap and thematic schemes saw a sharp fall. NFO collections were meagre at Rs 2,859 crore.
Urban Company's IPO was fully subscribed within hours of opening, with a total subscription of 3.13 times. The company received bids for 33,37,87,825 shares against 10,67,73,244 shares on offer. The retail individual investors category was subscribed 7 times, while the non-institutional investors portion received 4.16 times subscription.
Festive season to bring in record sales for automotive industry with 20% growth expected. Cut in GST boosts consumer sentiment and leads to drop in prices for both mass market and luxury vehicles. Auto dealers confident of strong demand across segments and expected to increase production to meet surge. Ministry of Heavy Industries asks companies to display price comparison at showrooms.
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Tata Motors introduces the safest subcompact SUV, the Nexon range, in India with a 5-star safety rating for both combustion engine and battery-powered versions. The battery-powered Nexon now includes ADAS, making it one of the most advanced and secure cars available. The new Empowered A+ trim with a 45 kWh battery pack is also available in a Dark Edition variant.
The performative male trend on social media has caused a discussion on the representation of masculinity in the digital era. This trend, which includes men carrying tote bags and wearing jewelry, challenges traditional gender norms. While some see it as a positive change towards inclusive masculinity, others criticize it for perpetuating homophobia and traditional ideals.
Indian cybersecurity professional Attaullah Baig has sued Meta for ignoring his warnings about cybersecurity failures while he was the head of security for WhatsApp. Baig's legal team alleges that his firing was due to his efforts to raise privacy concerns within the company, including discovering that 1,500 engineers had access to user data.
Yondr, a zipper magnetic pouch created by Graham Dugoni, aims to reduce phone usage and screen time. It has gained popularity in US schools, where phones will soon be banned during school hours. Dugoni, who values simplicity, sees technology as intrusive and has designed Yondr to encourage face-to-face communication. The pouch is also helping schools preserve traditional learning methods.
The recent GST rate cut has brought joy to car buyers, but raised concerns for the auto industry. Manufacturers expect increased demand, while dealers struggle with pricing and estimated losses of Rs 2,500 crore. FADA is worried about compensation cess balances. The decrease in GST rates has also led to a decrease in discounts and a halt in purchases.
Vikram Solar, a leading solar module manufacturer, reported a strong first quarter of FY26 with a 483% increase in profit after tax and a 79% growth in revenue. With India's push for renewable energy, the company's order book has soared to 10.96 GW. Additionally, the company's profit margin and capacity utilization have also improved
An ICRA report predicts that the US tariffs on Indian apparel imports will cause a significant decline in revenue and margins, potentially harming the country's competitive edge in the global market. However, importing duty-free cotton from the US and reaching a trade agreement could help mitigate the impact.
Vedanta Ltd is expanding its aluminium capacity from 3 to 6 MTPA through land acquisition in Dhenkanal, Odisha. They also have plans for a greenfield plant and an aluminium park in Jharsuguda, which could generate over 2 lakh jobs. The company is currently investing in billet capacity and aims to become a major player in the aluminium industry.
A couple in Delhi's Nirman Vihar bought a Mahindra Thar and performed a "nimbu ritual" to protect it from the evil eye. However, the car owner accidentally hit the accelerator, causing the SUV to crash through the showroom's first floor. No one was hurt, and no complaints were filed. The couple's intention was to roll the car over a lemon, but it ended up causing chaos.
The ED conducted searches in Delhi-NCR, Tamil Nadu, and Karnataka in a money laundering investigation linked to an alleged Rs 346 crore bank fraud case involving Hythro Power Corporation Ltd (HPCL) and its directors. The probe revealed that loan funds were siphoned off and diverted through fictitious transactions with related entities, causing losses to banks and eroding creditor interests.
Arshad Warsi, famous for his role as Circuit in Munnabhai, hosted the first season of Bigg Boss. His humor and charm made the show popular among Indian viewers. With 85 episodes, the season was won by Rahul Roy and featured other celebrities like Rakhi Sawant and Amit Sadh. Despite controversies, it was a success and set the foundation for future seasons.
Ukrainian President Volodymyr Zelenskyy has warned Europe and NATO of an escalating threat from Russia after a barrage of missiles and drones struck Ukraine, including Russian-Iranian "Shahed" drones. The attacks targeted 15 regions, causing one death and injuring three people. Zelenskyy also expressed concern about the conflict spreading into NATO territory.
The government has reduced the goods and services tax (GST) on drones to 5%, down from 18% and 28%. This move is expected to boost the defence sector and ease the indirect tax burden on defence procurement. It will also reduce costs for surveillance drones and strengthen India's drone training ecosystem. The GST changes will also support indigenous assembly and research.
Muhammad Waseem, UAE's captain, is confident in his team's ability to win the Asia Cup 2025 in the T20 format. Shaped by an Indian mentor and born in Pakistan, Waseem is the UAE's top batter, with a record of hitting the second-most sixes in T20 internationals. He plans to target India and Pakistan, relying on discipline and teamwork for an upset victory.
CEA predicts that GST reforms will counteract the effects of US tariffs on Indian exports. This will result in a 0.2-0.3% increase in GDP growth this year. The GST Council plans to simplify the tax system by implementing a two-slab structure of 5% and 18%, along with a single return filing process.
Elon Musk, possibly the first trillionaire, posted a thought-provoking video on X. The speaker challenges the idea of laziness, suggesting it is a mindset of focusing on effort rather than outcome. This shift in thinking is crucial for humanity's survival and can be applied to daily life. The video also discusses the connection between laziness and dopamine, the key to motivation and reward.
Mercedes-Benz and BMW were rumored to partner for powertrain sourcing to meet Euro 7 regulations, but Mercedes-Benz CTO Markus Schaefer denied this. The brand remains committed to its own powertrain family, including the new FAME engines. They are also working on a compliant V8 power plant and will still offer V12 engines in flagship models, despite speculation.
Hindustan Aeronautics has signed an agreement with ISRO, IN-SPACe, and NSIL to transfer SSLV technology, allowing them to become a comprehensive launch service provider. This move will focus on indigenous manufacturing and creating opportunities for Indian MSMEs and start-ups.
Iryna Zarutska, a Ukrainian refugee, was fatally stabbed by Decarlos Brown Jr on a train in Charlotte. The attack, captured on surveillance footage, has sparked outrage and demands for justice. Brown, with a history of criminal charges, has been charged with first-degree murder. The incident has also brought attention to failed soft-on-crime policies and the need for stricter penalties.
Nifty hovers near 25,000 levels as markets rise steadily. Small and midcaps see brisk buying. Defence stocks, including Bharat Dynamics and BEL, surge after Defence Ministry unveils long-term plan for national security and 'Make in India' initiatives. HAL signs technology transfer agreement with ISRO, IN-SPACe & NSIL.
Two suspected ISIS terrorists were arrested in a joint operation by Delhi Police, Jharkhand ATS, and Ranchi Police. One was captured in Ranchi and the other in Delhi. The Delhi Special Cell had been searching for the Ranchi suspect, who is currently being interrogated. The operation is ongoing at eight locations, with over eight suspects detained.
Oil prices rose after Israel's attack on Hamas in Qatar and Trump's call for tariffs on Russian oil buyers in Europe. However, a weak market outlook limited gains. Prices settled up 0.6% after the strike, but fell due to market weakness and the U.S.'s assurance to Doha. Trump's proposed tariffs on China and India could also affect Russian crude exports.
US President Donald Trump's appearance at the US Open men's final was met with boos and long lines, causing some spectators to miss the start of the match. However, his granddaughter, Arabella Kushner, gained attention for standing awkwardly next to him. At 13 years old, she is the daughter of Ivanka Trump and Jared Kushner.
Shringar House of Mangalsutra's IPO is now open for bidding, with a fresh issue of Rs 400.95 crore and a price band of Rs 155 - 165 per share. The company, known for its high-quality mangalsutras, plans to offer 2.43 crore fresh shares, and the grey market is trading the stock at Rs 195, indicating a potential listing of 18.18%. Bidding will close on September 12.
Indian-origin doctor in Canada, Dr Suman Khulbe, was found guilty of sexually abusing one patient and engaging in "disgraceful, dishonourable or unprofessional conduct" with two others. Her medical license was suspended after a court ruling, which came after multiple clients came forward with allegations of misconduct.
French President Emmanuel Macron has appointed Sebastien Lecornu as the new Prime Minister of France. Lecornu's previous experience in important positions, his political skills shown during protests and unrest, and his close relationship with Macron make him a strong candidate for the job. This decision also reflects Macron's desire to maintain stability during challenging times.
CBIC to ensure new GST rates are passed on to consumers by meeting with key industry representatives from hospitality, insurance, and textiles. The government is urging companies to pass on benefits to consumers and is considering refunding blocked compensation cess credits to car dealers. FM Sitharaman said she will personally monitor the implementation of the new rates.
Royal Enfield is venturing into the electric vehicle market with its Flying Flea range, starting with the C6 and S6 models. The first Flying Flea showroom will open in Paris in 2026 and will feature handcrafted electric bikes designed by students. The company is also establishing a dedicated production facility for the Flying Flea brand.
Morning workouts can improve your mood and energy levels, but they can also cause blackouts due to low oxygen or glucose levels. Symptoms include dizziness and changes in vision. To prevent this, pay attention to your body's cues and don't overexert yourself. Eat simple carbs before exercising, like fruits or oats, and avoid energy bars. A banana is a good alternative.
Barron Trump, youngest son of President Donald Trump and first lady Melania Trump, has switched to NYU's Washington DC campus. He has been focusing on his own financial interests and spending time with family. Melania's new role as AI ambassador had raised speculation about her son's decision to attend the university late.
Indices opened higher with the NSE Nifty 50 and BSE Sensex opening 0.36% and 0.42% higher, respectively. The Bank Nifty also opened higher, along with small and midcap stocks. Technical analysts believe that the market is currently experiencing positive consolidation, with the main support zone at 24,800. However, high valuations in the broader market may constrain any potential rally.
White House denies authenticity of letter with sketch and secrets allegedly given by Trump to Epstein. Democrats release letter from over 20 years ago, but White House quickly denies. Trump denies giving letter and supports forensic analysis of signature. Public still suspicious about Epstein case.
Trump denies involvement in Israeli strike on US ally Qatar, saying it was not a decision made by him. However, he supports the potential elimination of Hamas. The US administration was not informed beforehand and was unable to prevent the attack, leading to a tense situation between the two countries. The strike was condemned by Trump and his team.