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.
Apple's new iPhone 17 series has received a strong response with pre-bookings surpassing last year's iPhone 16 launch. Analysts predict shipments of over 5 million units in the July-September quarter, with the iPhone 17 series contributing 15-20% of sales. The festive season and supply shortages have led to long queues and record sales in India.
The CAG of India, K Sanjay Murthy, stressed the importance of enhancing audit quality of Urban Local Governments (ULGs) to drive the country's GDP growth. Special attention will be given to 100 cities with a population of over 0.5 million, as they contribute over 50% of the GDP. Although the government has introduced an Urban Challenge Fund, issues like pollution, traffic.
Chouhan urges farm equipment makers to pass on GST cuts to farmers starting September 22, resulting in 7-13% price reduction. He stresses the importance of reducing middlemen and ensuring direct benefits to farmers to boost farm mechanization and lower input costs. The move is expected to make farm machinery more affordable and increase financial benefits for farmers.
Sebi plans to introduce corporate bond indices to boost derivative trading, as stated by Ananth Narayan at an ASSOCHAM event. Despite previous unsuccessful attempts, Narayan stressed the importance of diversifying instruments to cater to investors' risk appetite.
Japan's Rating and Investment Information upgraded India's long-term sovereign credit rating to 'BBB+' from 'BBB', citing its strong economy, demographic dividend, domestic demand, and sound government policies. This is the third upgrade this year, reflecting increasing recognition for India's robust macroeconomic fundamentals and prudent fiscal management.
Prism, parent company of Oyo, has launched CheckIn, a collection of 1,300+ premium value hotels in India. The brand caters to growing middle-class with trained staff, breakfast, clean rooms, amenities, and in-room entertainment. It brings together Oyo's brands under one umbrella, with professional management for consistent service.
Godrej Enterprises Group's appliances business aims for a 40% sales surge this festive season, thanks to GST cuts, wider distribution, and strong product offerings. The lowered GST rates on ACs, TVs, and dishwashers will drive sales, particularly among budget-conscious buyers who have been hesitant to spend amid economic uncertainties.
The government's eCourts project Phase III has been hindered by challenges and delays, resulting in a massive backlog of over 53 million cases. The project aims to digitize documents and establish virtual courts and eSewa Kendras, but obstacles like procedural matters, the digital divide, and interoperability need to be overcome for its success.
Srinivas Phatak, Unilever's new CFO, is the second Indian to join the Unilever Leadership Executive (ULE). India's contribution to Unilever's revenue is over 12%, making it a key market for the company. Phatak's financial skills will be put to the test as he navigates future challenges and growth, partnering with CEO Fernando Fernandez.
Sebi's new related party transactions framework brings a scale-based approach, with stricter rules for smaller companies and raised thresholds for larger ones. This aims to improve governance and empower auditors to use professional judgement, increasing transparency and trust for investors.
Filing income tax returns can be overwhelming, and even the most careful taxpayers can make errors. Luckily, the law allows for corrections through revised, rectification, and updated returns, providing a safety net for taxpayers to fix mistakes caused by oversight or system errors. It is crucial to identify errors early and take immediate action to avoid penalties.
Infosys shareholders may face higher tax if they participate in the buyback offer, as the buyback price of Rs 1,800 is at a premium of 16.6%. Short-term investors may find it attractive, but experts recommend long-term investors to sell on the exchange and pay capital gains tax for greater benefits. The decision should consider tax arbitrage for maximum net gains.
Transferring savings to your spouse as a gift in the 30% tax bracket will result in the income being taxed in your hands. However, gifts from specified relatives, including a spouse, are exempt from tax. For property purchases over Rs 50 lakh, 1% TDS is deducted, excluding GST. Selling gifted jewellery for land will attract capital gains tax, but exemption can be claimed.
The Maruti Suzuki Victoris is a stylish and functional midsize SUV with a bold design and a luxurious interior. It comes in CNG, petrol, and strong hybrid options, with the hybrid providing excellent fuel efficiency. While it may not have the most powerful engine, it offers good value for money and is a great choice for those seeking a fashionable and eco-friendly SUV.
At IAA Mobility, HERE Technologies and AWS launched the SDV Accelerator, a platform that combines cloud and AI capabilities to speed up the development of software-defined vehicles (SDVs). This allows automakers to start writing and testing software earlier, reducing costs and time. The platform also simplifies procurement by offering a curated catalogue of solutions.
VMS TMT Ltd's IPO garnered an impressive 102.24 times subscription on the last day of share sale, with bids for 1,25,75,87,250 shares against 1,23,00,000 shares on offer. The retail category saw 47.85 times subscription, while the QIB category saw 120.80 times and the NII category saw 227.08 times. The company raised Rs 27 crore from anchor investors and plans to use
The Range Rover Sport SV Edition Two is now more affordable with a Rs 19.7 lakh price reduction after the GST cut. It features a powerful twin-turbo V8 engine and luxurious design from Jaguar Land Rover's Special Vehicle Operations division. Though it may be challenging to drive in India's busy streets, it offers a perfect combination of opulence and performance.
iValue Infosolutions Ltd's initial public offering (IPO) received 89% subscription on the second day of bidding, with bids for 1,16,70,950 shares against 1,31,17,272 shares on offer. The IPO, which will conclude on September 22, has a price band of Rs 284 to Rs 299 per share and is a complete offer-for-sale (OFS) of 1.87 crore equity shares by promoters, an investor
The BMW iX3, revealed at IAA Mobility in Munich, showcases the brand's electric, digital, and sustainable future. With a range of 805 km and fast charging capabilities, it also introduces a new design and uses recycled materials. While not yet confirmed, the iX3 is highly anticipated.
Centre's advance direct tax collections for Q2FY26 from companies, LLPs, and individuals rose by 3.9% compared to 19% growth in the year-ago quarter due to personal income tax relief announced in the budget. Advance tax receipts for Q1FY26 grew by 3.6% due to tax cuts and higher refunds. Despite lower refunds, direct tax collections net of refunds rose by 9.2% to Rs 10.83 lakh crore. However
Assam's renowned singer Zubeen Garg passed away at 52 while scuba diving in Singapore. He was supposed to perform at a festival the next day and had informed his fans about it in his last Instagram post. The singer died of a heart attack and was known for singing in 40 languages and playing 12 instruments. He also had a successful Bollywood career and was involved in various charitable activities.
Royal Enfield motorcycles will be available for sale on Flipkart from September 22, coinciding with the new GST rates. The range includes Classic 350, Hunter 350, Bullet 350, Meteor 350, and Goan Classic, with prices ranging from Rs 1,37,640 to Rs 2,20,716. The company aims to make the motorcycling experience accessible to more riders through this partnership.
Oil India and Hindustan Copper have joined forces to explore and develop critical and strategic minerals, such as copper. This collaboration aims to boost India's self-sufficiency in sourcing these minerals and ensure energy security and technological progress. Additionally, Oil India plans to invest Rs 1.3 trillion in projects like deep-water exploration, green hydrogen, and compressed biogas.
India's crude import bill for the first five months of FY26 dropped by 17% to $50.4 billion, with 101.1 million tonnes of crude oil imported. Domestic production decreased by 2%, leading to a reliance of 80.2%. The decrease in the import bill is due to lower prices and discounted Russian barrels, despite geopolitical challenges faced by Indian refiners.
SEBI is still investigating accusations against the Adani Group, including potential violations of minimum public shareholding rules and insider trading. The recent SEBI order cleared Adani of fraud and unfair trade practices, but the investigations are ongoing. Adani has asked for an apology from Hindenburg Research, and while the Indian market regulator has cleared him
Phoebe Gates, daughter of Bill Gates, has launched a fashion-tech startup, Phia, with $8 million in funding. Despite her wealthy background, she received no financial support from her parents, who believe in the value of career guidance over money. The Gates also stress the significance of surrounding oneself with the right people and valuing human connections for success in entrepreneurship.
Kerala, a state in India, has surpassed the US in key indicators of human development, according to Congress MP Shashi Tharoor. In a viral post, he shared a chart comparing the two on six indices, including literacy rate, infant and maternal mortality rates, and poverty. Kerala has performed better than the US in four out of six indices, showing its progress.
Indian corporate workforce struggles with burnout and stress, leading to "quiet cracking" and "quiet quitting." While Gen-Z may suggest quitting a job that causes unhappiness, experts warn that disengagement and poor performance due to persistent unhappiness can also be harmful. Burnout is the underlying cause of both these issues.
BHEL receives show cause notices from GST authorities in Telangana for discrepancies in annual returns and financial statements. Potential liability of Rs 586.43 crore indicated, but no penalties imposed yet. BHEL claims issues raised are not tenable and is preparing a response. Share price has seen a 15.90% increase in the past six months. No further action or sanctions imposed at this stage.
Mini will launch the highly-anticipated Countryman John Cooper Works (JCW) Edition on October 14, with pre-bookings starting on the same day. The crossover will be available in 11 cities in India and can also be booked through Mini's official website. It will feature a 2.0-litre turbocharged petrol engine, producing 295 bhp and 400 Nm of torque, paired with a seven-speed DCT gearbox.
Reliance Power and Reliance Infra assure that the CBI action against RCFL and RHFL will not impact their operations, financial performance, or governance. The case involves transactions from over 10 years ago, which have already been resolved. Anil Ambani has not been on the boards of either company for more than 3.5 years and these developments have no current impact.
Switzerland tops the list as the most innovative country, with Sweden and the US following closely behind. Europe dominates the top 25, with 15 countries making the cut. India has improved its ranking to 38th place, excelling in Knowledge & Technology Outputs, but lagging behind in Business Sophistication and Infrastructure.
Nissan has appointed Massimiliano Messina as the new Chairperson for its AMIEO region. With his strong background in finance and operations, Messina will oversee operations in 140 countries, 3 continents, and 26 models. This change will ensure continuity and support global objectives, including the launch of four new EVs in Europe and the implementation of the Re:Nissan recovery plan.
JM Financial has downgraded IdeaForge Technology's rating to 'Reduce' with a target price of Rs 500 due to a lower opening order book and delayed ordering activity. However, the company's management is expecting new orders in the next few months. IdeaForge is also expanding into the non-defence sector with a focus on new product development, including a logistics drone.
A graphic designer from Gaza shares two realities of his life on Instagram - building a career in 2022 and struggling for water and survival in the present. He feels like a stranger in his own homeland, and his dreams have been wiped away. Social media users have reacted to the heart-wrenching video, calling for an end to the conflict between Israel and Gaza.
ABVP's Aryan Maan, a B.Com graduate from Hansraj College, has been elected as the new president of DUSU, defeating NSUI's Joslyn Nandita Choudhary by a large margin. ABVP won three out of four posts, with NSUI only securing the vice president position. Maan, a national-level football player, has promised to focus on student issues, including subsidised metro passes and free Wi-Fi.
Chanel, the iconic fashion house known for its black and white charm, has once again outshone its competitors with its Fall-Winter 2025/26 ready-to-wear collection. The collection featured delicate bows, oversized pearls, and fur trim, staying true to Chanel's signature style. The standout piece was the Mid-Calf Pearl Heel boots, which caught the attention of fashionistas and social media alike.
Dubai remains a top choice for millionaires, as the upcoming Palm Jebel Ali will be the world's largest palm-shaped island. This development is part of the city's 2040 Urban Master Plan and will house over 240,000 residents, offering luxury hotels, villas, and theme parks. The city will also see the addition of the Brabus Island Abu Dhabi, a high-end island with villas and private beaches.
Patanjali Ayurved has appealed to the Delhi High Court to challenge an order that prohibits them from running negative ads against Dabur Chyawanprash. The court warned Patanjali that they may face costs if the appeal is deemed unnecessary. The court also stated that the interim order is subject to discretion and the appeal will be heard on September 23.
Motilal Oswal, a brokerage house, recommends three stocks in banking and manufacturing sectors - Federal Bank, Punjab National Bank, and Prince Pipes and Fittings - for potential growth of 15% to 31%. These stocks have strong prospects in asset diversification, efficiency, and capacity expansion, leading to 'Buy' recommendations and target prices from the brokerage.
Vedanta has won a manganese block in Andhra Pradesh through auction. The block is at the G4 level of exploration, the earliest stage of mineral exploration. The company has been declared as the preferred bidder and will need to fulfill certain conditions to be granted a composite license. Vedanta Group is a global leader in critical minerals, transition metals, energy, and technology.
Waaree Energies, a leading solar PV module manufacturer, has acquired a 76% stake in Racemosa Energy India for Rs 53 crore. The company's board of directors approved the acquisition with the primary objective of integrating smart meters into its portfolio. Waaree Energies also announced the sale of a 14.66% stake in its subsidiary company, Indosolar Ltd
Hyderabad was hit by heavy rain, causing waterlogged streets and leaving many stranded. However, delivery agents from Zomato and Swiggy came to the rescue, helping people and their vehicles through the floodwaters. A man shared a video on X praising their heroic efforts, which has raised questions about the safety of delivery agents during such extreme weather conditions.
India and Oman will clash in the final group stage match of the Asia Cup 2025, with India already securing a spot in the Super Four. Suryakumar Yadav will use this game as a warm-up before the crucial match against Pakistan. India's strong form and depth in both batting and bowling make them the clear favorites, while Oman's biggest weakness lies in their batting.
Noida Police has arrested three people for defrauding an 80-year-old retired official of Rs 1.70 crore through a digital scam. The scammers pretended to be CBI officials and coerced the victim into transferring his savings for a fake money laundering case. The suspects are also facing six more complaints in other states.
Sam Pitroda, chairman of the Indian Overseas Congress, has courted controversy again, stating that India should adopt a neighbour-first approach and that he felt at home during his visit to Pakistan. He also mentioned Bangladesh and Nepal, saying he "felt at home" there as well. The BJP has criticised Pitroda, calling him "Pakistan's favourite, Congress's chosen".
The government has introduced measures to simplify compliance for manufacturers, packers, and importers of pre-packaged goods before the new GST rates take effect. This includes eliminating the need for newspaper ads, allowing circulars to be used to inform trade channels, and giving the option to use price stickers on old stock. Companies must also use various media platforms to inform consumers.
The Supreme Court has accepted Vodafone Idea's request to dismiss additional AGR demands for the period up to 2016-17. The hearing is set for Sept 26, with both parties seeking a resolution. Vodafone Idea's stock rose by 10% after the news. The company has filed a new plea for reassessment of AGR dues, despite previous dismissals by the court.
Hypnic jerks are a normal part of falling asleep for most people, but can be more frequent or intense for those on certain medications, stressed, or fatigued. They can also be a symptom of early-stage Parkinson's disease.
Small and mid-cap stocks are outperforming the struggling Nifty and Sensex. Adani Enterprises and Adani Total Gas are top gainers after being cleared of allegations by SEBI. Adani Power and Vodafone Idea also saw a rise in share price, while Canara Bank and Kaynes Technology experienced changes in their share prices.