The proposed changes to the Waqf Boards Act have caused a political controversy, as opposition parties accuse the government of trying to take away Muslim community's land and assets. The ruling NDA argues that the amendments are necessary for better regulation within the community. The changes aim to increase government control and promote women's representation on the boards.
India's agricultural and processed food exports have grown by 10% this year, with rice, buffalo meat, fruits, and vegetables leading the surge. Despite US tariff concerns, rice exports are expected to rise as global buyers turn to India. The government has also lifted restrictions on rice shipments, boosting export prospects for all food products.
The CAG of India is organizing a conference with state finance secretaries to discuss reporting framework for centrally sponsored schemes and state PSUs, and launch the 'CAG-Connect Portal' for digital interface. They will also focus on using AI and remote auditing for better efficiency, consistency, and strengthening auditing of state public sector entities and autonomous bodies.
Groww, a fintech platform based in Bengaluru, is moving back to India from the US and is set to become the first major Indian startup to list domestically. Its upcoming Rs 7,000-crore IPO is expected to bring high returns to investors. The company has paid $159 million in taxes to US authorities, resulting in significant exits for foreign firms that invested in the company, such as Y Combinator.
Urban Company's shares debuted strongly on the bourses, opening at a 57.5% premium over the IPO price of Rs 103. The stock settled at Rs 169 on the NSE, with a market capitalisation of Rs 24,267 crore. The IPO was subscribed 108.98 times and raised Rs 1,900 crore.
The road from Dehradun to Mussoorie has been closed for two days due to cloudbursts and heavy rain, leaving 2,500 tourists stranded. 13 deaths have been reported and an alternative route is being constructed. Hotel owners are offering free one-night stays to stranded tourists. The road is expected to open for light vehicles by Wednesday night, allowing tourists to resume their travels.
The Indian government is actively seeking international technology partnerships to develop geothermal energy projects. Multiple foreign companies, such as those from the US, Norway, and Iceland, have started pilot studies. A national policy has been established and potential funding options may be available.
SEBI may ease regulations for currency derivatives trade to facilitate complete hedge of commodity prices. Anup Gupta, chairman of BSE Brokers' Forum, highlighted the gap in hedging at the MCX event and proposed using price structures from exchanges like CME and LME. This gap has led to a sharp drop in volumes and industry experts are urging for a regulatory review to enable complete hedging.
Chinese authorities have indicated easing restrictions on rare earth magnet exports to India, but no actual shipments have been made, causing supply chain disruptions for auto and component manufacturers. Companies have reached out to government and industry bodies for help, but no progress has been made.
The rupee gained 25 paise to 87.80 against the dollar, driven by optimism for an India-US trade deal and a weak dollar index. This marks the fourth consecutive day of gains, with market participants unwinding USD-INR positions while awaiting positive news on trade policy. However, the rupee still lags behind its Asian peers as the dollar index falls to 96.76 and the FOMC is expected to cut rates.
Police, owned by De Rigo group, targets Rs 100 crore sales this year with 50% annual growth. The brand offers stylish watches for men in the Rs 15,000-30,000 range and has appointed KL Rahul as its brand ambassador. Expanding in India, a key market, is also part of its plans.
System liquidity fell to a three-month low of Rs 70,579 crore on Tuesday, causing overnight rates to spike and market participants to panic borrow. RBI's efforts to maintain sufficient liquidity through rate cuts and VRR auctions have not been successful, but experts believe liquidity will improve and return to previous levels by the end of the month.
Finance Minister Nirmala Sitharaman has reduced GST rates on essential and middle-class goods and services, injecting Rs 2 lakh crore into the economy. The number of GST slabs has been reduced to 2 - 5% and 18%, with a special 40% rate for sin goods. This move is expected to boost consumption and benefit businesses and end-consumers.
The income tax department conducted a surprise survey at Marico's premises, led by the Mumbai investigation wing. The scope of the survey was not disclosed, but it involved 200 officers and comes ahead of the GST 2.0 rollout. Marico's stocks were down by 1.59% and the company's FY25 sales and net profit saw a year-on-year increase.
WTO Director General Ngozi Okonjo-Iweala is hopeful for the 14th ministerial conference despite global trade turbulence caused by US tariffs. She believes the conference will be a success and is eager about the agenda. Reforms may be necessary to prevent veto power from impeding decision-making. The conference will take place in March 2026 and trade flows remain strong despite US actions.
SMBC to acquire additional 4.2% stake in YES Bank from Carlyle Group for Rs 28.5 billion. This will bring SMBC's total shareholding in YES Bank to 24.2%. SBI completes divestment of 13.18% stake in YES Bank to SMBC for Rs 8,888.97 crore. SMBC sells its entire 1.65% stake in Kotak Mahindra Bank.
"Financial institutions are offering festive schemes to drive consumption as GST 2.0 is set to roll out. Kotak Mahindra Bank, L&T Finance, and IDFC FIRST Bank have launched campaigns targeting lifestyle, entertainment, and consumer goods. LTF's schemes for two-wheeler buyers include no-cost EMI and prompt payment rebate.
Love pasta, but worried about blood sugar spikes? French biochemist Jessie Inchauspé reveals how cooking time can make all the difference. Longer cooking times make pasta easy to digest, causing a big spike in glucose levels. Cooking al dente reduces this spike, reducing metabolic stress on the body.
WTO Director General Ngozi Okonjo-Iweala criticized India, South Africa, and Turkiye for blocking the IFD Agreement, which could disadvantage countries struggling to attract investments. She urged ministers to discuss the issue at the 14th Ministerial Conference in March 2022.
The World Trade Organisation predicts that AI could boost cross-border trade by 40% by 2040, leading to a 34-37% rise in global trade and a 12-13% increase in global GDP. AI could also reduce trade costs, increase productivity, and promote inclusive growth. However, access to AI-enabling goods and digital infrastructure is uneven, emphasizing the need for fair trade policies.
Warren Buffett, the legendary investor with a net worth of $141 billion, defies conventional billionaire habits. He prioritizes his sleep, indulges in his love for books and Bridge, and follows a diet that includes McDonald's and five cans of Coke a day. At 94, he continues to run his company, Berkshire Hathaway, and credits his sharp mind to his unconventional habits.
JK Tyre has received rectification orders for tax penalties imposed by state governments, reducing the penalties to 10% of the GST amount. The company plans to contest the penalties and has seen a 16% increase in share price in the last month. Q1FY26 profit also declined by 26.8%.
SEBI is taking steps to boost institutional involvement in commodity markets by permitting FPIs, banks, insurance companies, and pension funds to trade in non-agricultural contracts. The announcement led to a rise in MCX's share price. A committee has been formed by SEBI to enhance agricultural commodities and develop the non-agricultural sector.
Tesla has reached confidential settlements in two lawsuits over fatal crashes involving its Autopilot software in California. The company rejected a $60 million settlement proposal for a Florida case and has hired new lawyers to request a new trial or dismiss the verdict. These settlements are important for Tesla's self-driving technology and its valuation.
Ather Energy's shares have seen a steady increase, with a 3% rise today and 37% in the last month. The company has set ambitious goals of achieving EBITDA break-even and a 35% gross margin. Emkay Global is positive about the festive season and the company's new EL platform and shift to LFP batteries. Ather Energy is also focusing on expanding distribution and vertical integration for growth.
Nissan Motor is studying Chinese suppliers' practices to cut variable costs by 250 billion yen. They plan to reduce costs by 500 billion yen by 2027 and strengthen collaboration with suppliers. The company has reduced production of the new Leaf electric vehicle due to battery procurement delays. Nissan is betting on the new Leaf model to revive its fortunes.
India's export growth in August was driven by a rise in merchandise exports and a decrease in imports, resulting in a lower trade deficit. However, the US's 50% tariff on Indian goods has affected exports, while other markets provided some relief. Textile and gems & jewellery exports were hit. The services trade surplus and manageable current account deficit offer some support.
Unni Mukundan to portray PM Modi in biopic 'Maa Vande: The Anthem of a Mother', showcasing his rise to power and his bond with his mother. Mukundan reveals the impact of two words spoken by Modi and expresses his excitement for the release of the film in multiple languages.
SBI's share price rose by 3% as it completed the sale of 13.19% stake in Yes Bank to SMBC for Rs 8,888.97 crore. The transaction received regulatory approvals and contributed Rs 512.12 crore to SBI's profits in the last financial year. SMFG emerged as the largest foreign shareholder with a 20% stake, while SBI still holds a 24% stake. Other prominent entities also hold a stake in Yes Bank.
The new GST reforms by Finance Minister Nirmala Sitharaman will inject Rs 2 lakh crore into the economy, benefiting the middle class, farmers, and MSMEs. The changes include a reduction in tax rates for goods, with 99% of items under the 12% slab moving to 5% and 90% of items under the 28% slab slipping into 18%.
DoT rejects TRAI's proposals on satellite spectrum and pricing, citing concerns about differentiation and misuse. DoT pushing for higher prices, including an additional Rs 500 per year from urban subscribers. TRAI suggested 4% of gross revenue and Rs 3,500 annual charge per customer, with extra Rs 500 for urban users.
Defence sector stocks have seen a strong increase in 2025, with the Nifty Defence Index rising 27% this year and 46% in the last six months. The Defence Ministry's 15-year roadmap has sparked even more confidence in the sector. In Tuesday's trading, all 18 companies in the Nifty Defence Index saw gains, with the index rising by almost 2%.
The pro-Khalistan group Sikhs for Justice has threatened to "siege" the Indian Consulate in Vancouver and released a poster targeting India's new High Commissioner, raising concerns about the safety of Indian officials. Tensions between India and Canada are heightened as SFJ accuses Indian consulates of espionage and Canada acknowledges the presence of extremists.
Pepsico's CEO and board of directors met with Indian PM Narendra Modi, emphasizing the country's strategic importance despite trade tensions with the US. This is the first time the entire board has traveled to India, highlighting its significance as a key market for the company's future growth. Pepsico's international beverage business reported a 1% volume gain in the June quarter
SEBI has leased a luxury apartment for its chairman, Tuhin Kanta Pandey, at a monthly rent of Rs 7 lakh. The 5-bedroom apartment in Prabhadevi has a carpet area of 3,000 sq ft and overlooks the Arabian Sea. This is in accordance with SEBI's Board-approved accommodation policy. The rent will see a 5% annual escalation and comes with four car parks and a security deposit of Rs 42 lakh.
The US FDA has approved the first-ever nasal spray diuretic for heart, liver, and kidney disease patients. The spray, called Enbumyst, was developed by Corstasis Therapeutics and is aimed at treating edema associated with congestive heart failure, kidney disease, and liver disease.
TAC Infosec, a NSE-listed cybersecurity company, announced a 1:1 bonus issue for shareholders, aiming to enhance liquidity and reward investors. The Board also approved an increase in the Company's authorized share capital and finalized the date for the Annual General Meeting. TAC Security specializes in vulnerability management and holds prestigious certifications.
The DPIIT has requested the Retailers Association of India to promote the recent GST rate cuts on products through their networks. They have also advised displaying the reduced rates on receipts and bills, and monitoring sales during the festive season. The new tax rates will be implemented on September 22 and are expected to increase sales.
The government has clarified that only reinsurance services will be exempt from GST, while input tax credit will not be available for health and life insurance. MRP revisions for existing medicine stock and reduced tax rates will impact FMCG, retail, and pharma industries. The uniform 5% levy on drones and reduced tax on sand lime bricks will have positive effects on agriculture and logistics.
Honda Cars India has launched a new exterior color, Crystal Black Pearl, for its popular compact sedan, the 3rd Generation Honda Amaze. The new shade adds a bold and modern touch to the car's design, appealing to the younger generation. The Amaze also offers advanced safety features and a reliable engine, making it a top choice for first-time car buyers and young professionals.
DreamFolks Services, a top airport lounge service provider, is struggling as banks and major airport operators in India are cutting them out and causing a decline in usage and strained relationships. DreamFolks is developing a new customer value proposition to combat these challenges.
Indian Prime Minister Narendra Modi's birthday is celebrated in India. His declared assets show that he has invested the most in Bank Fixed Deposits and National Savings Certificates, with a total wealth of ₹34.3 million. He also has cash in hand, gold rings, and a bank balance, but has not invested in mutual funds, bonds, debentures, or shares.
India's exports to the US have been severely impacted by high tariffs imposed by the Trump administration, resulting in a steep decline in August to USD 6.7 billion. Labour-intensive sectors like apparel, gems, and jewellery are the most affected. If the tariffs persist, India could suffer a loss of USD 30-35 billion in exports
Bengaluru's poor infrastructure, specifically in the ORR area, has led to BlackBuck, a logistics startup, relocating their office after 9 years. Employees' commute time has increased to 1.5 hours due to road conditions, highlighting the frustration among businesses in the IT corridor.
Amfi is expected to increase the threshold for large-cap stocks to Rs 1 lakh crore and for mid-cap stocks to Rs 33,400 crore in January, to be implemented from February 2026. Potential large-cap entrants include HDFC Asset Management Company, Bosch, Muthoot Finance, and Cummins India, while borderline candidates include Polycab India, Dixon Technologies, Swiggy, and Canara Bank.
The Suzuki Katana's discontinuation leaves the Honda Hornet 1000 SP as the sole option in the litre-class naked segment. However, the upcoming 2025 BMW S 1000 R provides customers with a choice between a Japanese street naked and a German performance machine. While the S 1000 R boasts a sharper design and advanced technology, the Hornet offers fully adjustable suspension and electronic features.
Ather Energy, a leading Indian electric scooter brand, is facing tough competition from established players in the rapidly growing EV market. The company's focus is now on scaling up, turning profitable, and proving its staying power amidst policy changes and increasing competition.
PM Modi's 75th birthday was celebrated with tributes and personal anecdotes from political leaders, industrialists, and celebrities. His compassion, visionary leadership, and personal care were highlighted. Industrialists praised his tireless work to transform India, while celebrities shared memorable encounters.
Indian PM Narendra Modi turns 75 today and is known for his disciplined lifestyle, innovative ideas, and quick decision-making. In a podcast, he shared how fasting brings harmony between his inner and outer selves, accelerates thinking, and sharpens senses. Inspired by Mahatma Gandhi, Modi's fasting habit is well-known among world leaders and he prepares for it with Ayurveda.
A cloudburst situation in Maharashtra's Jalgaon has affected 10 villages, with 452 houses inundated and 2500 hectares of land damaged. One death has been reported and relief efforts, including food distribution, are underway. Water Resources & Disaster Management Minister Girish Mahajan has assessed the damage and plans to compensate farmers for their losses.
NSDL will be turning ex-dividend this week, marking its first dividend since its IPO in August 2025. The board has recommended a final dividend of 100% or Rs 2 per share, subject to shareholder approval. The record date for the dividend is September 19, with an expected credit date of October 28. NSDL's IPO received 41 times subscription and the stock has gained 39.8%.