Elara Capital has reduced SpiceJet's target price by 37% to Rs 39 due to delayed fleet growth and a lowered earnings forecast. Despite maintaining an 'Accumulate' rating, the brokerage is concerned about Boeing's delivery, competitors' fleet renewal, and a decrease in EPS estimate for FY26. They are waiting for fleet expansion to recommend further growth.
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.
CNH CEO Gerrit Marx states that the company can sustain the US market for six months without new shipments from India, despite a 50% tariff. They are hopeful for a resolution by early next year and are reluctant to relocate production due to unpredictable tariff changes. Additionally, CNH is investing in India's tractor market and expanding their product range to better serve local farmers.
Trump says trade negotiations with India ongoing, plans to meet with Modi. US criticizes India for buying Russian oil during Ukraine conflict. Reports of Trump pushing for 100% tariffs on India and China. Announcement follows decrease in India's purchase of American Treasuries.
Macron surprised by choosing loyalist Lecornu as prime minister, showing his commitment to pro-business reforms despite leftist opposition. Lecornu's priority is to find compromises with all political parties, especially on the budget. Criticized by the left, but has some support from the far-right.
Indian markets set to open strong on Wednesday, keeping an eye on global and local cues. Investors to monitor US Fed's interest rate stance, crude oil prices, and bond yields, along with dollar index and geopolitical tensions for potential volatility. Asian markets, commodity prices, and FII flows also to impact sentiment.
The ongoing unrest in Nepal has affected residents in Uttar Pradesh's border districts, leading to empty markets and cancelled travel plans. Families on both sides of the border are concerned about the disruption of their daily lives and the potential long-term damage to trade and livelihoods. The "Gen Z" protests in Nepal have escalated into a larger movement against the government.
As trading begins on September 10, investors will closely monitor corporate updates, new orders, and acquisitions. The market closed positively on September 9, with the Sensex and Nifty both rising. Vodafone Idea seeks reassessment of AGR dues from the Supreme Court, while Bajaj Auto will pass on GST cuts to customers. The US FDA continues to scrutinize Sun Pharma's Halol plant.
Trump calls on EU to impose tariffs up to 100% on China and India to pressure Russia. He wants EU to follow US in imposing tariffs. This would be a shift from using sanctions against Russia. Trump has threatened tariffs on India and China before but has not acted on it. US and India are working to address trade barriers.
President Trump remains hopeful about reaching a trade deal with India, despite recent tensions over tariffs and Russia's influence. He is set to speak with Prime Minister Modi soon. However, India's chief economic adviser cautions that Trump's tariffs could damage their economy. The U.S.-India relationship is strained, as Trump pressures the EU to impose tariffs on India and China.
The Centre has permitted manufacturers, packers, and importers to change the MRP on unsold goods until Dec 31, 2025. This will benefit FMCG companies and prevent wastage of packaging material. The revised MRP can be printed through stamping, stickers or online printing from Sept 22, coinciding with the launch of GST 2.0. Transparency in pricing is mandatory.
India and the EU are close to finalizing their Free Trade Agreement negotiations, with 60-65% of the chapters already finalized. The talks, set to end this week, will be followed by visits from EU Trade Commissioner Maros Sefcovic and Agriculture Commissioner Christophe Hansen.
Persistent heavy rainfall in August has damaged kharif crops in Punjab, Haryana, Karnataka, Andhra Pradesh, and Telangana. Punjab and Rajasthan are facing major crop losses, while other states have localized impacts. The floods have damaged paddy, sugarcane, cotton, and horticulture crops. Inflation risks may arise if the damage continues.
Indian government expands fast-track approval for mergers and amalgamations to promote ease of doing business. This will also encourage "reverse flipping" of Indian start-ups and companies from overseas to India. Ministry of Corporate Affairs amends rules to include more types of companies, such as unrelated unlisted companies with borrowings below Rs 200 crore and no defaults.
The US doubling of tariffs on Indian goods is expected to harm India's economic growth by 0.5-0.6% in the current fiscal year. The impact could be worse if the tariff uncertainty continues into the next fiscal year. However, domestic factors such as strong GDP growth, tax cuts, and a recent GST rate cut may help support growth.
Vodafone Idea has filed a petition against DoT's demand of Rs 9,449.08 crore for AGR dues, stating that it goes against the SC's earlier ruling. The company argues that allowing selective reassessment would be arbitrary and could affect its financial stability and ability to continue operations beyond March 2022.
Ceat has acquired Camso from Michelin for $225 million, with an estimated revenue run rate of $130-150 million and an addressable market of $2 billion. Brokerages expect the deal to bolster Ceat's international business and contribute 8% to its FY27 financials. However, there are near-term concerns and potential long-term benefits, with a focus on integration challenges.
Phoenix Mills, a mall developer, aims to expand its hospitality portfolio by investing Rs 3,500 crore to triple its current size to 1,800 keys. The company already has a St Regis in Mumbai and a Courtyard by Mariott in Agra, and is developing a Grand Hyatt in Bengaluru. With a focus on high performance and revenue, the company also plans to expand its mall and retail operations.
The SAT has allowed Jane Street's appeal against SEBI's interim order and has asked SEBI to clarify why documents were not shared. SEBI claims it has already shared relevant data and is conducting an ongoing investigation. Jane Street is demanding access to internal documents and questioning the formation of a new investigation team.
The Federation of Automobile Dealers Association (FADA) has urged Prime Minister Narendra Modi to address the issue of compensation cess under the new GST 2.0 rates. With an estimated 600,000 unsold passenger vehicles in the system, valued at Rs 2,500 crore, dealers are facing pressure ahead of the price cuts.
Bengaluru's Namma metro yellow line will now operate with a fourth set of trains, increasing the frequency to every 19 minutes. The first train will depart at 6 am on weekdays and 7 am on Sundays. The last train timings remain unchanged. The 19.15-km line, which connects RV Road with Bommasandra, has seen a higher ridership than expected since its opening on August 11.
Godrej Enterprises Group (GEG) has rebranded Interio furniture brand to boost turnover to ₹10,000 crore in 3 years. Executive director Nyrika Holkar shares plans for brand refresh, investments, and expansion to 1,500 stores. GEG aims to be a top choice for modern Indian living, with a focus on consumer and industrial sectors.
Two more IPOs, Neilsoft and PROZEAL Green Energy, have received the SEBI nod. Neilsoft's IPO includes a mix of fresh issue and offer-for-sale, with promoters and key shareholders diluting their stake. PROZEAL's IPO comprises a fresh issue and offer for sale, with the company planning to use the proceeds for various purposes.
Satin Creditcare Network, a microfinance institution, is focusing on expanding its lending operations despite the cautious approach of banks and small finance banks. The company's Chairman & MD, HP Singh, discusses the MFI's credit growth, branch expansion, fundraising plans, and strategy to grow its non-MFI book.
The Union food ministry has requested states to remove ineligible beneficiaries from the free ration scheme PMGKAY by the end of the month. Previous exercise found 10% of 800 million beneficiaries to be ineligible. Regional differences in waitlist, with Delhi having 1.1 million and Maharashtra having 88,000. Reverification underway to improve targeting and add new beneficiaries.
India's solar open access capacity experienced a dip in the first half of 2025, but recovered in the second quarter thanks to waivers and project launches. Maharashtra led in installations, while Karnataka maintained the highest cumulative capacity. The country also saw significant growth in rooftop solar, with 2.8 GW added in the first half of 2025.
RBL Bank plans to boost its retail book to 55% by FY26 using CRM and bundled offerings. The focus is on cross-selling and expanding the customer base through personal and salary accounts. The bank aims to open 210 branches and launch a wealth management platform, targeting Gen Z and young salaried customers through a balance of physical and digital acquisition.
Srinivas Inteji, a retired IAS officer with over four decades of experience in corporate regulation, financial services, and public policy, has been appointed as the Chairperson of the National Stock Exchange's Governing Board. He has also been approved by market regulator SEBI and previously served as Union Secretary in the Ministry of Corporate Affairs.
ZELIO E Mobility introduces the new Gracyi electric scooter, designed for urban commuters with three battery options, a top speed of 25 km/h, and a range of 140 km per charge. The upgraded version boasts improved ground clearance, a digital meter, and LED headlamp, making it rider-friendly. ZELIO's expanding dealership network and emphasis on practicality aim to make electric mobility accessible.
Real estate prices in India's top cities have skyrocketed by 50%, leading to affordability concerns for buyers. This has resulted in a decline in demand for affordable housing and a rise in demand for premium housing. Many buyers are unhappy with the limited and unsatisfactory options available, particularly in terms of location, construction quality, and small unit sizes.
Nepal witnesses youth-led civic movement demanding political system reform, PM Oli resigns and President accepts, paving way for new government. Kathmandu mayor Balendra Shah gains popularity for activism and unconventional methods, openly supporting protesters and being considered as potential interim PM.
The Department of Consumer Affairs has granted permission for manufacturers to use stickers to revise the MRP on unsold stock after changes in GST rates. The revised price must be displayed through stamping, stickers, or online printing, but the original MRP cannot be overwritten. Companies must advertise the changes and inform authorities. This permission is valid until December 31, 2025.
Tesla's U.S. market share has hit an eight-year low due to competition from other automakers offering better electric vehicle options and incentives. The company's focus on robotaxis and humanoid robots has caused delays and cancellations of cheaper EV models. While their core business remains profitable, Tesla's market share continues to decline as it faces fierce competition.
Indian equity benchmarks continued their upward trend, with Nifty 50 and Sensex both rising 0.39%. Nifty Bank was steady, while small and midcap stocks performed in line with the benchmarks. Infosys saw the highest gains in Nifty 50, while Trent's shares faced losses. Despite concerns over global trade talks, the market is expected to remain positive with the possibility of a FED rate cut.