Shrikant Badve, founder-director of Belrise Industries, has become a billionaire with a valuation of Rs 9,550 crore. He has a majority stake in the company and has been recognized for his entrepreneurial journey. Badve is an alumnus of IIM Ahmedabad and serves on the Board of Governors at IIM Jammu. He has also collaborated with icons like Sachin Tendulkar and Madhuri Dixit to promote Maharashtra.
Indian equity benchmarks closed lower for the fourth consecutive session on Wednesday. The Nifty 50 and Sensex both ended the day in the red, with the Nifty closing 0.45% lower and the Sensex falling 0.47%. The Nifty Bank also saw a decline of 0.70%. Small and midcap stocks saw deep cuts, with the BSE Midcap and Smallcap indices declining by 0.85% and 0.50%, respectively.
Swiggy, a major food and grocery delivery company, is selling its 12% stake in ride-hailing platform Rapido to existing investors Prosus and Westbridge Capital for a total of Rs 2,399.49 crore. This will result in an over 2.5X return for Swiggy, which had invested Rs 950 crore in Rapido in 2022. The deal is subject to approvals from the CCI and Swiggy's shareholders. The company
Nuvama has identified three stocks with a 'Buy' rating, including Uno Minda, Gujarat Fluorochemicals, and CESC. These stocks have a potential upside of up to 39%, 17%, and 13% respectively. Uno Minda is expected to see growth in revenue and EBITDA, while Gujarat Fluorochemicals stands to benefit from anti-dumping duty on imports. CESC's RE plans and potential UP discom win could lead to growth.
Indian drone maker ideaForge Technology and First Breach Inc. have formed a joint venture called First Forge Technology Inc. to expand operations in America. The new entity will focus on manufacturing and distributing specific ideaForge UAVs, with both companies holding a 50% stake and equal decision-making rights. The formation is subject to due diligence and regulatory approvals in the US.
FDA approves tablet form of Leucovorin, a folate (Vitamin B9) supplement, for treating speech-related difficulties in children with autism. Leucovorin, commonly used in cancer treatment, is being explored as a potential treatment for autism symptoms. It aids in folate's passage to the brain, improving verbal communication and reducing irritability and repetitive behaviour.
Achieving the dream of owning a Louis Vuitton bag may seem impossible for an average employee, but with proper planning and saving techniques, it can become a reality. Setting realistic goals, limiting online shopping, and wise investing can make this luxury purchase achievable.
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
Pokemon fans were angry when the US Department of Homeland Security used the popular anime series to promote their controversial ICE arrests. The DHS shared a video with clips from the show and real-life arrests, causing fans to call for legal action from Nintendo. However, the company's ex-CLO believes they won't take action due to their elusive brand and many executives being on green cards.
Jimmy Kimmel returns to late-night TV with a standing ovation after controversial remarks about the MAGA movement's reaction to Charlie Kirk's assassination. His suspension sparked a national conversation on freedom of speech and government involvement in media. Kimmel thanks fans and defends free speech, while also poking fun at President Trump.
Adani Group Chairman Gautam Adani reassures shareholders after SEBI clears the company of allegations made by Hindenburg Research. He vows to enhance governance, innovation, sustainability, and infrastructure investments to support India's growth. Adani criticizes the Hindenburg report and urges the moment to reaffirm the company's values of resilience and integrity.
US President Donald Trump and UN Secretary-General Antonio Guterres met during the UNGA in New York, highlighting the UN's role in promoting global peace. Guterres praised the US for its support and Trump emphasized the potential of the UN to drive peace. The leaders also discussed the urgent need to address global suffering.
The Trump administration’s hefty new H-1B visa fees are already triggering high-level discussions in Silicon Valley and beyond about moving jobs overseas, ironically, the opposite of what the policy intended.
A fire broke out at a shop in Mumbai due to a gas cylinder blast, leaving six women and a man with serious burn injuries. Three of them suffered nearly 90% burns and have been shifted to Kasturba Hospital for further treatment. The fire was confined to the shop's electric wiring, installations, LPG cylinder, and gas stove, and was extinguished in less than 30 minutes by four fire engines.
US President Donald Trump publicly linked Tylenol (Paracetamol or acetaminophen) to autism in children and urged pregnant women not to take it, sparking controversy and condemnation from researchers. However, studies have shown no causal link between the use of paracetamol during pregnancy and autism. In fact, the EMA has approved its use during pregnancy and debunked any link.
Ultraviolette has launched the X47 Crossover, an electric adventure tourer priced at Rs 2.49 lakh. Pre-bookings have started at Rs 999 and deliveries will start next month. The bike boasts industry-first features like an integrated radar and dual cameras, advanced connectivity, electronic riding aids, and a powerful powertrain with a good range.
Mike Bezos, father of Amazon founder Jeff Bezos, is expanding his family office, Aurora Borealis, to manage his $40 billion fortune. He hired Valeria Alberola, previously CEO of Walmart heir's family office, to oversee investments and philanthropy. The trend of increasing family offices, raises concerns about wealth disparity and the ultra-rich's ever growing influence over the financial world.
A Department of Homeland Security video posted online this week used a short clip of comedian Theo Von, aka Theodor Capitani von Kurnatowski III, to set a mocking tone for a montage showing ICE raids and mass deportations.
India's Commerce and Industry Minister Piyush Goyal stated that the country aims to increase trade with the US in energy products and seeks US involvement in its energy security goals. Goyal is leading a delegation for trade meetings in New York and hopes to conclude a bilateral trade agreement. He also emphasized on the India-US nuclear partnership
Motilal Oswal Financial Services rates Sri Lotus Developers as 'Buy' with a target price of Rs 250, citing a potential 35% upside. The company's impressive sales growth, focus on premium markets, zero debt, and asset-light model make it a promising investment. Presales are projected to rise by 129% and collections to reach Rs 4,020 crore by FY28, highlighting its niche in the market.
HSBC upgrades India to 'Overweight', predicts Sensex to reach 94,000 by 2026 with 13% growth. Despite foreign outflows, India stands out in Asia due to strong domestic investors and government policies. HSBC sees India's valuations as less of a concern and a more attractive market compared to others in the region.
Marvel's Fantastic Four: First Steps, released on July 25, 2025, is now available on digital platforms. The film follows the iconic superhero team as they battle Galactus to save a retro-futuristic world. It has earned $520.58 million worldwide, surpassing hits like The Hangover and Gladiator II. Critics have given it a 4 out of 5 rating and it will soon debut on Disney+.
Larsen & Toubro and Bharat Electronics have teamed up to support India's Advanced Medium Combat Aircraft program, with the goal of developing the country's 5th-generation fighter jet. This partnership is a positive step towards the government's Make in India initiative and its efforts to involve the private sector in defence production. The AMCA program aims to replace outdated fighter jets.
Swiggy's share price decreased by 2% due to selling its Rapido stake for Rs 2,400 crore. Nomura maintains a Buy rating with a target price of Rs 550 per share, as this boosts cash balance and helps during the burn phase of Quick commerce. Swiggy has restructured Instamart ownership, expected to increase contribution margins. But, competition and macroeconomic slowdown pose challenges.
Former Astronomer CEO Andy Byron and ex-HR exec Kristin Cabot's "Friendzone" narrative is being used to address the controversy surrounding their inappropriate embrace at a Coldplay concert. Sources close to Cabot deny any affair, stating they had a strong working relationship and friendship. Cabot's husband was at the concert, but they had been separated for weeks.
The rupee hits a new all-time low of 88.80 against the US dollar due to tariff and H-1B visa issues, foreign fund outflows, and trade policy uncertainty. It opened at 88.80, a decline of 7 paise from its previous close, and touched 88.71 in early trade. The dollar index was trading higher at 97.35, while Brent crude rose to $67.79 per barrel.
Lemon Tree Hotels has expanded its presence in various segments by signing two new properties in Varanasi and Rewa. The Varanasi property will have 153 rooms under a franchise agreement, while the Rewa property will offer 50 rooms managed by Carnation Hotels. The company has also opened its fifth property in Andhra Pradesh, Keys Lite in Vijayawada.
A bombshell report by The New York Times reveals that Elon Musk's father, Errol, has been accused of sexually abusing five of his children and stepchildren since 1993. The report includes interviews with family members, social workers, and court records. Errol denies the allegations.
Pawan Kalyan's highly anticipated gangster action drama, 'They Call Him OG', has already shattered advance booking records with Rs 75 crore worldwide and is expected to have a record-breaking opening of Rs 100 crore. The film, starring Pawan Kalyan and Emraan Hashmi, has created a buzz on social media and is set to release on September 25, making it the perfect festive season treat for fans.
Mohalla Tech, the operator of ShareChat, is capitalizing on the popularity of micro-dramas in India by launching a subscription-based app for premium content and streaming lower-budget titles on its short-video app. This shift in focus has resulted in a positive response from users, with 55 minutes spent daily on the new content, and is expected to attract advertisers in regional markets.
A new analysis from JPMorgan Chase is raising alarm about the impact of the Trump administration’s H-1B visa overhaul on the American workforce.
Tata Investment Corporation, a Tata Group company, has announced a 1:10 stock split on October 14. This means each existing share with a face value of Rs 10 will be divided into 10 new shares with a face value of Rs 1 each. Shareholders must dematerialise their physical shares by October 9 to receive the new shares.
Amit Kalyani has been re-appointed to the board of Hikal, with 99.59% of votes in favor. Despite an ongoing family feud, the Hiremath family supported his re-appointment, prioritizing board continuity and the company's future. The Hikal promoter group holds 68.85% of the company, while public holdings account for 31.15%.
Texas Republican leader Alexander Duncan has addressed backlash to his social media post where he described Hindu God Hanuman as "false," while also drawing attention to a 90-ft statue. In a video posted on Tuesday, he claimed to not be anti-Hindu or anti-Indian, controversially emphasising on the prevalence of 'false Gods and religions' in America.
Bima Sugam, India's digital insurance platform, will launch in December, simplifying policy processes and promoting insurance penetration. Irdai chairman Ajay Seth unveiled the website, which will offer a variety of insurance products and streamline processes for insurers and intermediaries.
Federal Reserve Chair Jerome Powell spoke at the Greater Providence Chamber of Commerce, discussing the Fed's dual mandate of stable prices and low unemployment. He hinted at a slowdown in interest rate cuts and addressed the challenges of balancing risks to inflation and unemployment.
The US Administration has proposed a new rule for the H-1B visa program that prioritizes highly paid professionals and limits access for outsourcing firms. The Department of Homeland Security aims to protect American tech giants and restrict Indian IT services providers. This follows a recent proclamation imposing a $100,000 fee for new H-1B applications.
The Trump administration announced on Friday that it will investigate employers who exploit the H-1B visa program, designed for highly skilled workers, by hiring lower-skilled foreign labor to cut costs, WSJ reported.
Jimmy Kimmel's controversial return to "Jimmy Kimmel Live!" after a suspension for comments about Charlie Kirk's accused assassin has sparked backlash from the Trump administration. Despite Disney bringing Kimmel back, station owners Nexstar Media and Sinclair continue to preempt his show, and FCC chairman Brendan Carr has threatened "remedies."
Infosys, India's second-largest IT services company, will announce its Q2FY26 results on October 16. Investors are eagerly anticipating the results and the possibility of an interim dividend. Q1FY26 showed growth in net profit and revenue, and the lower end of FY26 guidance was expanded.
TikTok has agreed to improve measures for keeping children off its platform and protecting their personal information after a Canadian investigation found their efforts to be inadequate. The probe also revealed that sensitive data from Canadian children was collected for targeted marketing.
The FDA has updated Tylenol labels to warn pregnant women of potential neurological risks. While studies suggest a link between Tylenol and autism, no causal relationship has been proven. Trump's warning has sparked debate, but Tylenol is still considered safe for pregnant women, except for high fevers.
The US Physics Team won all five gold medals at the 2025 International Physics Olympiad (IPhO) in Paris, France, with team members Agastya Goel, Allen Li, Joshua Wang, Feodor Yevtushenko, and Brian Zhang securing the historic sweep.
Jain Resource Recycling, supported by Jain Metal Group, has introduced a Rs 1,250 crore IPO with a price range of Rs 220-Rs 232 per share. It comprises of a fresh issue of Rs 500 crore and an offer for sale of Rs 750 crore. This IPO has a potential listing price of Rs 257 and is open for bidding from September 24 to September 26.
In Wednesday's trade, several companies made headlines with updates on stake sales, acquisitions, and contract renewals. Key stocks to watch today include Infosys, HCLTech, Swiggy, Bajaj Electricals, Dilip Buildcon, Torrent Power, Karur Vysya Bank, Torrent Pharma, and Gandhar Oil. Indian markets ended marginally lower on Tuesday, with the Nifty 50 and Sensex slipping.
During the UNGA, President Trump changed his stance on the Ukraine-Russia crisis and met with Ukrainian President Zelenskyy. Trump called Russia a "paper tiger" and expressed support for Ukraine regaining its original borders with help from Europe and NATO. Zelenskyy praised Trump's shift and discussed the ongoing battlefield situation.
"Today, three new IPOs were launched, including BMW Ventures' Rs 231.66 crore issue. BMW Ventures, a company dealing in steel products, spare parts, and PVC pipes, is offering over 2 crore shares at a price range of Rs 94-99 per share. Retail investors can invest a minimum of Rs 14,949 for 151 shares. The allotment is on September 29, with listing on October 1."
Trump supports Ukraine reclaiming occupied land from Russia due to Moscow's economic troubles. No change in U.S. policy, but Trump criticizes Russia's war in Ukraine and promises to supply weapons to NATO. Ukrainian President praises Trump's statement and U.S. urges for an end to the war and threatens.
Amitabh Chaudhry, CEO of Axis Bank, has led the bank to a successful transformation with increased returns and profits. His focus on the human side of banking and technology has made Axis Bank customer-centric and inclusive. Initiatives like "Dil Se Open" and "Har Raah Dil Se Open" have played a crucial role in this transformation.
The Indian government is discussing ways to support the growth of audit and advisory firms, including relaxing restrictions on advertising and allowing foreign firms to participate in government contracts. The group also highlighted the importance of capacity building and promoting domestic firms to compete globally. This is seen as a positive step towards boosting the country's economy.