Serentica Renewables aims to increase its renewable energy capacity to 17 GW by 2030, with a total investment of $15 billion. The majority of this capacity will come from solar, while wind will make up the rest. Currently, the company has 1 GW of operational capacity and plans to quadruple it to 4 GW by 2026 and 7 GW by 2028.
Adani Group's CFO responds sarcastically to TMC MP's disbelief over SEBI clearing the conglomerate of all charges related to the Hindenburg Research report. SEBI found no violations in its probe and rejected allegations of fund siphoning or misrepresentation. TMC MP calls for SEBI chairperson's resignation and a special investigation team to reopen the case.
"L&T Technology Services has joined hands with MIT Media Lab to explore advancements in artificial intelligence. The collaboration aims to develop sustainable engineering solutions for industries, including mobility and infrastructure. L&T Tech will also host industry programs and collaborate with global tech innovators like SiMa.ai to drive AI growth.
JKLF leader Yasin Malik claims that his meeting with terrorist Hafiz Saeed took place after a request by the IB to promote peace efforts by the Manmohan Singh government. However, the meeting was misrepresented to label him as a terrorist. Malik has filed an affidavit in Delhi HC making these claims. BJP has condemned the UPA government's actions.
Saatvik Green Energy, a Haryana-based solar power company, has launched a Rs 900 crore IPO to attract investors in the renewable energy sector. The IPO is trading at a modest grey market premium of Rs 65, indicating a 14% premium. On the first day, it saw 0.19 times subscription, with retail and HNI quotas at 0.30 times.
Russian Foreign Minister Sergei Lavrov criticizes the US for its threats of tariffs against India and China, stating that it shows a lack of understanding of their ancient civilizations. He also highlights the negative impact on the economic well-being and moral and political opposition to such actions. Lavrov dismisses the effectiveness of Western sanctions on Russia.
Three major car manufacturers in the US – Toyota, Hyundai, and Stellantis – have issued recalls for various reasons. Toyota is recalling 591,377 vehicles for an instrument panel issue, Hyundai is recalling 568,580 vehicles for a seatbelt issue, and Stellantis is recalling 164,000 Jeep vehicles for a faulty door trim. The recalls are due to safety risks.
Late-night show host Jimmy Kimmel receives suspension for controversial remarks about Charlie Kirk's death, sparking backlash and support from industry veterans and Hollywood actors. The incident raises discussions about free speech and censorship, following the layoff of Matthew Dowd.
Indian software professional Mohammed Nizamuddin was shot dead by police in Santa Clara, California after a 911 call reported a stabbing at his shared residence. Nizamuddin, who had been living in the US for four years, had reportedly been unemployed and facing visa issues. The victim, his roommate, is recovering from multiple stab wounds.
An NGO has filed a PIL in the Supreme Court to request full disclosure of data related to the Air India AI-171 plane crash near Ahmedabad airport. The plea also calls for a court-monitored investigation and the release of cockpit recordings, black box, and technical details. The AAIB's preliminary report on July 12 is accused of violating rules by not revealing all information.
GNCAP has made significant updates to their testing norms to improve car safety standards. ESC is now required on all tested models, along with mandatory pedestrian protection and side impact testing. The scoring system has also been revised, with a maximum score of 34 points for AOP and dynamic testing for COP.
After being cleared of allegations of stock manipulation by SEBI, Adani Group stocks have seen a surge, with brokerages predicting a big upside. Morgan Stanley has named Adani Power as its "Top Pick" in the utilities space, citing its role in India's energy future, strong growth potential, and market share gains.
Deepika Padukone's departure from the sequel to Kalki 2898 AD has sparked controversy, with director Naga Ashwin hinting at a new leading lady. The makers cited commitment issues and her demands for a fee hike, longer work hours, and luxurious accommodation as reasons for her exit, similar to her previous ouster from another film.
In 2025, India and Oman will face off in the Asia Cup, with varying motivations. The match will be played in hot and dry weather, posing a challenge for players due to high humidity. The pitch at Sheikh Zayed Stadium is expected to be tricky, with spin and low bounce playing a major role. While India is the favorite, Oman will aim to end on a positive note.
Dinesh Patnaik, India's High Commissioner-designate to Canada, will soon assume his post after an 11-month vacancy. However, posters of his alleged assassination by Khalistani groups have surfaced on social media. The group has called for a siege of the office and his assassination.
Indian techie Mohammed Nizamuddin was shot dead by police in Santa Clara, California after an altercation with his roommate. The police claim he was armed with a knife and ignored instructions to drop it, while the family alleges mishandling of the situation. The incident has sparked concerns over the treatment of foreign nationals by US law enforcement.
Euro Pratik Sales IPO allotment finalised today, listing on September 23. Price band set at Rs 235-Rs 247 per share, issue subscribed 1.14 times. Check allotment status via BSE, NSE, or the registrar's website using the application number or PAN. Mild response from investors, grey market premium at 0.40%. Managed by Axis Capital, listing on NSE and BSE on September 23.
Adani Green's stocks surge 2-10% after Jefferies upgrades with a Buy recommendation and Rs 1,300 target. Capacity expansion on track for 50 GW target by 2030, with promoter fund infusion expected to reduce net debt. Steady cash flow from long-term PPAs boosts confidence in balance sheet.
CFMoto, a Chinese two-wheeler company, was set to re-enter the Indian market with their new motorcycle lineup. The launch has been postponed due to the unavailability of E20 fuel in India, leading to adjustments in certain parts to meet fuel regulations. The 450MT adventure bike will rival KTM 390 Adventure, Royal Enfield Himalayan, and BMW F 450 GS. Its success is highly anticipated.
Disney and Sinclair have suspended Jimmy Kimmel's late-night show indefinitely following criticism for his comments about Trump supporter Charlie Kirk's death. Disney executives will meet with Kimmel to discuss the show's future, while Sinclair plans to replace it with a special about Kirk. Despite Sinclair's call for an apology, Disney has not asked Kimmel to do so.
Indian software professional Mohammed Nizamuddin was fatally shot by police in California after allegedly stabbing his roommate. He had a successful career in the technology sector and moved to the US in 2016. His family is demanding a transparent investigation into his death, as his social media posts suggest he faced discrimination and harassment while working abroad.
India, represented by Minister Jyotiraditya Scindia, was re-elected at the 28th Universal Postal Union Congress in Dubai. The country's innovative postal solutions and growing global leadership were recognised, with a focus on financial inclusion and sustainability. The unveiling of the UPI-UPU Integration project will benefit millions of households and boost the economy.
Sebi clears Adani Group of all accusations raised by Hindenburg Research, stating no evidence of insider trading, market manipulation, or diversion of funds. Adani Group's chairman calls the claims baseless and has demanded an apology from those who spread "false narratives," which in turn cost the investors who lost money.
Adani Group stocks, including Adani Enterprises, Adani Power, and Adani Green Energy, gained 2-5% after SEBI dismissed stock manipulation allegations by Hindenburg Research. The decision, following an investigation, could impact trading sentiment for the group's flagship companies, which have been volatile since January 2023. SEBI found no evidence of insider trading or market manipulation.
Indian indices opened Friday's session on a muted note with a negative bias. While the Nifty 50 and Sensex opened lower, small and midcap stocks opened higher. Early gainers include Adani Enterprises and Ports, while laggards include Mahindra & Mahindra and Bajaj Auto.
The ICC has reprimanded the PCB for breaking tournament rules during the Asia Cup match against UAE. The PCB has received a stern email and is facing possible disciplinary action for misconduct and repeated protocol breaches. The dispute was sparked by the PCB's accusations against match referee Andy Pycrott for mishandling the 'no handshake' incident and allowing filming in the PMOA.
The US government has invested $8.9 billion in Intel Corporation, purchasing a 9.9% stake to strengthen domestic semiconductor production and secure supply chains for economic competitiveness and national security. The investment is funded by redirecting $5.7 billion in grants and $3.2 billion from a secure enclave program.
Federal judge blocks Trump administration from immediately deporting Guatemalan migrant children who came to the US alone, following Labor Day weekend attempt to remove them. Court rejects government's claim that parents wanted children returned home. Advocates argue children fleeing abuse and violence should not be sent back without proper legal procedures.
David Letterman criticizes ABC for suspending Jimmy Kimmel's show, calling it "ridiculous" and a sign of "managed media." The move came after criticism from the FCC and conservatives over Kimmel's comments about a conservative activist's assassination. Letterman defends satire's role and expresses concern over the fragility of press freedom.
Finance minister Nirmala Sitharaman encouraged corporates to utilize government policies and reforms to grow their businesses. She reaffirmed the government's dedication to reforms and addressing industry needs. Sitharaman stressed the importance of investment, youth skilling, and continuous collaboration with the government.
US President Donald Trump concluded his visit to the UK, facing a minor helicopter issue while leaving London. Trump expressed his close relationship with Indian PM Modi and his disappointment with Russian President Putin for not stopping the Ukraine war. He also claimed that the war would not have started if he was still in the White House.
A recent survey conducted by job platform Naukri reveals that maternity breaks and workplace bias are the biggest barriers to pay parity for women professionals in India. The IT sector has the widest pay disparity, according to the survey, with both men and women acknowledging this issue.
Anand Rathi Share & Stock Brokers sets IPO price band at Rs 393-414, valuing company at Rs 2,596 crore. Subscription opens on Tuesday and closes on Thursday. Co-founder Pradeep Gupta cites company growth and revenue stream balance as reasons for IPO. Proceeds to be used for working capital and margin trading funding. Gupta confident in GDP growth and Sebi rules' minimal impact.
India's top three cities, Mumbai, New Delhi, and Bengaluru, account for over 79% of the country's millionaire households. The increase in GDP and business formalization has driven this growth. However, the number of ultra-high-net-worth individuals is still low, with only a small percentage reaching the 100 crore and 200 crore club.
President Trump stated in an interview that the US would help secure peace once the war in Ukraine is settled. He expressed disappointment in Russian President Putin and acknowledged the difficulty in ending the conflict. Trump believes that one solution is for Europe to stop buying Russian oil, which would force Russia to settle. Previous attempts at a ceasefire deal have failed.
A powerful earthquake measuring 7.8 struck Russia's Kamchatka region, causing tsunami warnings and aftershocks. Despite waves reaching the shore, there were no reports of damage. Emergency services were placed on high alert, and a tsunami warning was issued for the eastern shore of the peninsula and parts of the Kuril island chain.
The Indian judiciary is making strides towards the Rs 7,210-crore eCourts project, with the Delhi High Court launching a mobile app and other initiatives. The project aims to create paperless, AI-driven courts across all district and high courts, but faces challenges that are causing delays. The focus is on decentralised execution, stakeholder collaboration, and global benchmarking.
Vikram Solar, a newly public company, is experiencing a high demand for its products, leading to a 10.96 GW order book. To meet this demand, the company plans to increase its manufacturing capacity four-fold by FY2027. The expansion will be funded by a mix of IPO proceeds, debt, and internal accruals.
SMBC has acquired a 20% stake in Yes Bank from State Bank of India and other banks, making it the largest shareholder. Two directors from SMBC have joined the board, subject to shareholder approval. This has resulted in a positive impact on ratings and governance, with the bank receiving an AA- rating from all four domestic credit rating agencies.
The Pension Fund Regulatory and Development Authority (PFRDA) has proposed major changes to the national pension system (NPS), including increasing the lump sum payout to 80% and reducing annuitisation to 20%. Private sector subscribers can now exit after 15 years and have expanded age limits and liquidity options.
Blue Energy Motors, supported by Essar and Iveco Group, has secured $30 million in funding, with Zerodha co-founder Nikhil Kamath among the investors. They have now raised a total of $50 million and are set to enter the electric truck market with production already underway.
The merger between WNS and Capgemini is set to be finalized by October with shareholder approval. No job cuts are expected, as the companies prioritize growth and upskilling. WNS is expanding its workforce and opening a new facility in Thane to consolidate its Mumbai workforce.
JK Tyre & Industries is anticipating significant growth this year thanks to increased demand following GST rate cuts. Managing Director Anshuman Singhania is optimistic about strong growth in the second half, with all sectors, including commercial vehicles, passenger cars, and farming, showing growth. The company is also adapting its export strategy to minimize the effects of US tariffs.
Maruti Suzuki's price cuts and GST rate reductions have led to the S-Presso becoming the most affordable car in India, overtaking the Alto. This move aims to boost demand in the entry-level segment, which has been affected by high prices. However, the offer is only temporary and industry bodies are working on addressing the issue of compensation cess.
The National Bank for Financing Infrastructure and Development has set a goal of achieving a book of Rs 5 lakh crore by FY30. MD Rajkiran Rai discusses the challenges of launching partial credit enhancement and expanding into advisory services. The bank plans to enter the overseas market and is in talks with multilaterals for partnerships.
Oil India has received a significant dividend of $942 million from its Russian assets, with expectations of full recovery in the near future. The company has also invested in a large LNG project in Mozambique and plans to implement multilateral drilling in Assam. Their goal is to achieve Rs 1 lakh crore annual revenue and produce 10 million metric tonnes of oil and gas by 2030.
SEBI chairperson Tuhin Kanta Pandey stressed the need to involve institutional and retail investors in broadening the investor base for infrastructure securities. He also recognized the Centre's asset monetization plan in developing the market for InVITs and urged for faster asset monetization.
SEBI dismisses Hindenburg's allegations of financial misconduct against Adani Group, finding no evidence of deliberate concealment or fraud. The order also states that all loans were repaid with interest and the expanded definition of related party transactions was not applicable during the investigation period. This decision gives confidence to global investors in the Adani Group.
The Indian government will implement the Promotion and Regulation of Online Gaming Act and Digital Personal Data Protection rules on October 1. This was announced by Electronics and IT Minister Ashwini Vaishnaw during a pre-event conference for the AI Impact Summit 2026. He highlighted the extensive stakeholder consultations that took place in finalizing these measures.
The government's food subsidy budget is expected to exceed by Rs 22,000 crore this year due to the high cost of holding surplus grains. The Food Corporation of India has revised its expenditure to Rs 1.65 lakh crore, resulting in a total subsidy burden of Rs 2.25 lakh crore, the highest in the past few years.
The recent GST rate cuts on ice-creams and shampoos have resulted in odd pricing on small packs, with popular products being revised to Rs 9 and Rs 1.77. Companies like Mother Dairy and P&G are directly reducing prices, while others like Parle Products and Britannia are considering increasing grammage. Experts warn of potential consequences of removing popular price points.