AI is gaining popularity in industries, but Geoffrey Hinton warns of job loss and income inequality. Despite this, AI can increase productivity and create new jobs. India is set to become a top AI hub, offering job opportunities. Regulation is crucial to prevent bias and promote transparency. Reskilling and upskilling are necessary to fully utilize AI's potential.
Avaada Group, a top renewable energy company, has launched solar plants in Maharashtra and signed a Rs 5,000-crore deal for renewable energy projects in Bihar. Chairman Vineet Mittal talks about the effects of GST cut on solar products, plans for manufacturing, and progress in green projects. The company is also seeking funding from international lenders for its projects.
The RBI has released guidelines for payment aggregators, stating that banks do not require authorization to act as a PA, while non-banking finance companies need approval from the RBI. The guidelines cover net worth, customer protection, compliance, dispute resolution, and risk management. Non-bank PAs must maintain funds in a separate account and follow instructions on merchant discount rates.
Passenger vehicle dispatches in India saw a 9% decline in August due to companies adjusting supply levels to match subdued retail demand. Siam director general Rajesh Menon attributed this to customers delaying purchases in anticipation of a GST rate reduction. However, two- and three-wheelers showed resilience with a 7% and 8% increase in dispatches, respectively.
Despite heavy rains causing crop damage in some states, the overall kharif crop output is expected to remain unchanged from last year due to increased sowing. The government plans to use digital tools and insurance to aid affected farmers. However, floods in certain areas have affected the earlier prediction of a bumper crop output for this monsoon season.
The Toyota Fortuner may be expensive, but its reliability and road presence make it popular among politicians and bureaucrats in India. The larger and more powerful Land Cruiser offers even more prestige and respect, but its high price of Rs 2.41 crore may not be suitable for everyone. Despite this, it remains a symbol of power and wealth, built for those who can afford it.
Finance Minister Nirmala Sitharaman stresses responsible regulations for AI innovation and its potential in improving urban areas. The 'AI for Viksit Bharat' report highlights its ability to create jobs and displace existing ones. India's focus on techno-legal approach to AI safety aims for inclusive and robust growth through technology.
Car manufacturers are offering discounts and price cuts on existing inventory before the new GST slabs on automobiles take effect on September 22. Luxury brands like Land Rover and Kia are reducing prices by up to Rs 30.4 lakh and Rs 2.25 lakh respectively, while Skoda and Mahindra & Mahindra are also offering savings. The panic sale will end once the revised GST is implemented.
Warburg Pincus-led Fusion Finance has successfully emerged from a turbulent phase marked by rural over-leverage and structural stress. With a conscious effort to reduce its loan book and tighten its credit lens, the company has seen a significant decline in NPAs and aims to bring it below 5% this fiscal.
Rice exporter KRBL has appointed a third-party firm to investigate allegations of corporate governance lapses raised by former independent director Anil Kumar Chaudhary. Chaudhary's resignation letter, citing concerns over the use of CSR funds, caused a market reaction. The company promises transparency and integrity and will release a report on the matter soon.
Mutual fund cash balances decreased in August due to block deals. Motilal Oswal MF, SBI MF, and ICICI Prudential MF were top players, while Kotak MF, Nippon India MF, and PPFAS MF added to their cash reserves. Some schemes increased cash buffers, and stock-level shifts were seen in large cap. Selective caution was observed.
Index funds have gained popularity, with a 48% rise in schemes, offering lower costs than actively-managed funds. Diversifying investments in broader market funds is recommended by experts. Inflows in broad market indices like Nifty 50 and Sensex 30 in August suggest a shift towards passive funds.
Top apparel retailers in India, such as V-Mart Retail, V2 Retail, and Vishal Mega Mart, anticipate a 20% rise in festive sales this year due to GST cuts. This is twice the growth seen in previous years, with the tax cuts driving sales in the mid-priced segment. Smaller retailers are also benefiting from entering the formal economy, while larger players plan to expand their store network.
Crisil Ratings predicts 11-12% credit growth this year, driven by higher retail credit, lower inflation, and improved affordability. Regulatory measures and lower interest rates will also boost credit growth. Retail credit will lead at 13%, while corporate credit may revive with rate-cut transmissions. External factors, private investment, and export impact remain uncertain.
India and the US are holding talks to resume the first phase of a Bilateral Trade Agreement, with the US chief negotiator visiting New Delhi for a day-long meeting. The aim is to resolve tariff disputes and reach an agreement, as the trade relationship has been affected.
BJP denies covering funeral costs for late CM Vijay Rupani, causing family to face Rs 25 lakh bill. Party leaders avoid questions, suggesting internal conflict. Family blindsided by expenses, leading to outrage and hinting at power struggle. Reports hint at a power struggle within the party as two key leaders reportedly denied the payment.
Ola Electric, a major player in the electric two-wheeler market, has applied for ₹400 crore from the government's PLI scheme. This move is expected to enhance their liquidity and financial performance, as they have already captured 30% of the market share. The company has also met the strict criteria and obtained compliance certification for their upcoming Gen 3 scooters.
India's merchandise exports increased by 6.7% to $35.1 billion in August, aided by a low base, while imports declined by 10.12% to $61.59 billion, resulting in a trade deficit of $26.5 billion. Exports to the US, the largest destination, slowed to a nine-month low of 7.2%, but were still faster than overall shipments.
In the Delhi BMW crash incident, the accused driver Gaganpreet has denied all charges and claimed that she panicked and took the injured to a known hospital 19 kms away. She was arrested and the victim's family questions why he wasn't taken to a nearby hospital. The deceased's wife alleges that they were deliberately taken to a distant hospital. The investigation is ongoing.
Maruti Suzuki India Limited has announced the introductory prices for its highly anticipated SUV, the All-New Victoris, starting at Rs 10,49,900, ex-showroom. The SUV will be available for purchase from 22nd September 2025 and comes with a range of 21 variants and 10 colour options. It is powered by high-end technologies like Strong Hybrid, ALLGRIP Select, and S-CNG.
Drinking from plastic water bottles can harm immunity and increase allergy and autoimmune disease risks. Chemicals like BPA and phthalates can disrupt hormones and weaken the immune system. Nanoplastics can accumulate in the body and stress the immune system. Switching to stainless steel or glass bottles can protect long-term immunity.
The inheritance battle for Sunjay Kapur's assets has turned shocking as sources reveal that Karisma Kapoor's children have not received their share from the RK family trust. The children, represented by their mother, are now suing Sunjay's third wife for a portion of his ₹30,000 crore fortune. However, the assets are still under the control of Sunjay.
Arohan Financial Services, led by Managing Director Manoj Nambiar, aims to expand its portfolio through secured lending products and taking advantage of the new 60:40 regulation for microfinance assets. Despite challenges in the sector such as KYC authentication and outdated credit bureau data, Arohan's strengths lie in their doorstep delivery model, risk filters, and investor support.
India and the European Union are considering an interim trade deal before finalizing a full-fledged free trade agreement due to the uncertain global trade environment. Talks have progressed, with top ministers involved, and the next round of negotiations will be held in October.
Kawasaki has launched the 'Plaza Edition' of the Eliminator 400 in Japan, featuring a maroon color, dual tone finish, and new features like a USB type C port and GPS-enabled dual camera system. Unfortunately, this edition will not be available in India, where the black Eliminator competes with Royal Enfield Super Meteor 650. The Plaza Edition shares the same chassis & engine as the regular model.
The US is pressuring India to decrease its reliance on Russian oil and defence equipment, use American maize for ethanol, and open its market to agricultural and dairy products. Despite talks, a trade deal has not been reached as India refuses to compromise on demands that would harm its farmers.
Andhra Pradesh is facing a loss of Rs 25,000 crore due to US tariffs on shrimp exports, leading to the cancellation of 50% of export orders. The seafood sector, which contributes significantly to the state's economy, is facing an effective tariff of 58.56%, causing concern for Chief Minister N Chandrababu Naidu. He has requested support from the Centre.
Nuvama remains bullish on select realty counters, with Prestige Estates and Brigade Enterprises as their top picks. The brokerage cites strong positioning and long-term potential for these stocks, despite some short-term challenges. The real estate sector has seen improved profitability and cash flow, but the moderation in sales velocity has led to working capital build-up.
Early intervention in lifestyle diseases is crucial to avoid serious complications. However, even with measures in place, uncontrolled blood pressure can result in heart, brain, and kidney issues. Shockingly, only 12% of Indians have their hypertension under control. Resistant hypertension, may be the cause. Lifestyle changes can aid in managing resistant hypertension.
150,000
The 77th Primetime Emmy Awards celebrated a night of stars at the Peacock Theatre, with Owen Cooper and Tramell Tillman making history. Winning an Emmy does not come with a paycheck, but it can open doors for future projects and result in a pay raise. The trophy is worth Rs 35,000, but if made with solid gold, it would cost over Rs. 150,000.
BSE's share price has dropped by 19% in 3 months due to expiry wars and potential changes to derivative expiry days. Nuvama predicts significant impact on BSE's earnings and has modeled 5 scenarios with potential cuts up to 38.5%. Despite this, they maintain a Buy rating with a target price of Rs 2,820 per share.
The Income Tax Department's e-filing portal is facing technical issues, causing inconvenience to taxpayers and CAs. The Department has released tips to ease the filing process, and has debunked a fake circular about an extended deadline. Late filing will result in penalties, and over 6.69 crore ITRs have been filed already.
Navjot Singh, son of a Finance Ministry official, died in a BMW crash. His father has spoken to the media, saying that was taken to the "worst nursing home" instead of the nearby hospitals. His father expressed that the in-laws of the driver live nearby and were manipulative. He and his wife had visited Gurdwara Bangla Sahib and were returning home when the accident happened.
Markets remain subdued as Nifty struggles around 25,100 levels and Sensex stays flat. BSE Midcap and Small Cap indices witness strong buying. KRBL's stock drops 10% after director's resignation, while Vodafone Idea's share price rises 6% ahead of Supreme Court hearing on AGR demand.
IGNYTE Helmets, a premium brand of Steelbird Hi-Tech India, has launched the IGN-58 open-face helmet. It combines retro-inspired design with advanced EPP liner technology, providing multi-impact protection, elastic memory, and water/chemical resistance. Priced at Rs 2,999, the IGN-58 is aligned with the Vision Zero initiative and features a high-impact ABS shell.
Smriti Irani, a former Union Minister and BJP leader, dismissed the idea of a close relationship with PM Narendra Modi, stating that anyone who claims to have one is either lying or unaware of the PM. She praised Modi's work ethic and memory retention. She said that PM Modi always remembers what one said on a topic years ago.
Skydance Media, led by David Ellison, is considering a $70 billion-plus deal to acquire Warner Bros. Discovery, in a move to consolidate media assets and preempt rivals. This could elevate Ellison into the top tier of Hollywood power brokers, despite the challenges of integrating Paramount Global and the potential debt burden.
Bollywood filmmaker Karan Johar has approached the Delhi High Court to protect his personality and publicity rights. He wants to stop the illegal sale of merchandise bearing his name and image, and has requested the court to direct websites and platforms to stop selling without his permission.
Finance Ministry official Navjot Singh was killed in a car crash in Delhi, with suspect Gaganpreet Makkad facing charges for destroying evidence. The FIR has invoked sections related to culpable homicide and attempting to destroy evidence. The couple who transported the victims to a hospital 17 km away are known to the hospital owner, raising concerns about negligence.
Larsen & Toubro's (L&T) Transportation Infrastructure business has secured a large order worth Rs 2,500-5,000 crore from NHSRCL to construct 156 km of high-speed ballastless track for the Mumbai-Ahmedabad High Speed Rail Corridor. This is L&T's second track-work package for the project, and they will use Japanese Shinkansen technology to support speeds of up to 320 kmph. L&T has a strong track
Jefferies, a global brokerage firm, has released its top recommendations for September in the auto, steel, and pharma sectors. It has a Buy rating on Mahindra & Mahindra, TVS Motor, Jindal Stainless, Sun Pharma, and Mankind Pharma, with strong upside potential. M&M's farm division is expected to drive growth, while its passenger vehicle business is seeing a rise in market share.
Republican leader Vivek Ramaswamy and Democrat leader Ro Khanna have both condemned the brutal killing of Indian-origin hotel manager Chandra Nagamallaiah by an undocumented immigrant with a history of violent crimes. The incident has sparked outrage and calls for accountability from the Indian diaspora.
Yamaha is finally bringing the XSR 155, a neo-retro motorcycle based on the R15 and MT-15, to the Indian market. Despite initial doubts, a test mule has been seen on Indian roads, signaling its upcoming release. The bike is expected to offer similar features as its counterparts, the R15 and MT-15.
India celebrates National Engineers' Day on September 15 to honor Sir Mokshagundam Visvesvaraya, a visionary engineer from Karnataka who played a key role in shaping the country's infrastructure. He was awarded the Bharat Ratna and the title of 'Sir' for his invaluable contributions. PM Narendra Modi pays tribute to him and recognizes the crucial role of engineers in India's development.
The Indian market is experiencing a rise in demand for BLDC fans, known for their energy efficiency and ability to lower electricity bills and carbon footprints. Compared to traditional fans, BLDC fans consume up to 65% less electricity and come with advanced features such as LED lights and smart controls.
The Blaze AMOLED 2 by Homegrown Lava is a popular and affordable phone with a slim 6.67-inch display, 120Hz refresh rate, and sleek back panel. It runs on a powerful MediaTek Dimensity 7060 chipset with 6GB RAM and 128GB storage. The 50MP rear camera and 8MP front camera deliver high-quality images. The 5000mAh battery with 33W fast charging ensures long-lasting use. Priced
The Netflix series 'Adolescence' dominated the 77th Primetime Emmy Awards with 13 nominations and 7 wins. The limited series, focused on teenage struggles and social media, stars 15-year-old Owen Cooper who gave an inspiring acceptance speech. The show also won for Best Anthology Series, Lead Actor, Supporting Actress, Writing, Directing, and Supporting.
Hannah Einbinder, Emmy award winner for her role in 'Hacks', used her speech to speak out against the issue of Palestine despite time constraints. She joined 4,000 Hollywood figures in pledging not to work with Israeli companies, but the Emmys broadcaster, Paramount+, did not support the pledge. Einbinder highlighted the importance of boycotting to pressure those involved in the genocide.
Ducati has launched the Multistrada V4 RS and Diavel V4 RS, powerful variants of its existing models, in India. These sportbikes, with advanced electronic technology and reduced weight, are disguised as adventure tourers and power cruisers. They feature a V4 engine and impressive features like the Ducati Vehicle Observer, five ride modes, and four suspension presets.
NTPC, India's top power company, is diversifying into nuclear energy with joint ventures and standalone projects. Chairman Gurdeep Singh revealed plans to partner with technology providers and state governments for nuclear projects. NTPC has a joint venture with NPCIL and a new subsidiary for nuclear expansion, aligning with India's push for clean energy and NTPC's focus on sustainable power.
Governor Kathy Hochul endorses Zohran Mamdani for NYC mayor, praising his courage, urgency, and optimism to address the city's toughest issues. She highlights his focus on affordability, public safety, and combatting antisemitism, as well as their shared values and resolve to improve the lives of all New Yorkers. Despite their different backgrounds, they make the best team.