Urban Company's IPO was fully subscribed within hours of opening, with a total subscription of 3.13 times. The company received bids for 33,37,87,825 shares against 10,67,73,244 shares on offer. The retail individual investors category was subscribed 7 times, while the non-institutional investors portion received 4.16 times subscription.
Festive season to bring in record sales for automotive industry with 20% growth expected. Cut in GST boosts consumer sentiment and leads to drop in prices for both mass market and luxury vehicles. Auto dealers confident of strong demand across segments and expected to increase production to meet surge. Ministry of Heavy Industries asks companies to display price comparison at showrooms.
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Tata Motors introduces the safest subcompact SUV, the Nexon range, in India with a 5-star safety rating for both combustion engine and battery-powered versions. The battery-powered Nexon now includes ADAS, making it one of the most advanced and secure cars available. The new Empowered A+ trim with a 45 kWh battery pack is also available in a Dark Edition variant.
The performative male trend on social media has caused a discussion on the representation of masculinity in the digital era. This trend, which includes men carrying tote bags and wearing jewelry, challenges traditional gender norms. While some see it as a positive change towards inclusive masculinity, others criticize it for perpetuating homophobia and traditional ideals.
Indian cybersecurity professional Attaullah Baig has sued Meta for ignoring his warnings about cybersecurity failures while he was the head of security for WhatsApp. Baig's legal team alleges that his firing was due to his efforts to raise privacy concerns within the company, including discovering that 1,500 engineers had access to user data.
Yondr, a zipper magnetic pouch created by Graham Dugoni, aims to reduce phone usage and screen time. It has gained popularity in US schools, where phones will soon be banned during school hours. Dugoni, who values simplicity, sees technology as intrusive and has designed Yondr to encourage face-to-face communication. The pouch is also helping schools preserve traditional learning methods.
The recent GST rate cut has brought joy to car buyers, but raised concerns for the auto industry. Manufacturers expect increased demand, while dealers struggle with pricing and estimated losses of Rs 2,500 crore. FADA is worried about compensation cess balances. The decrease in GST rates has also led to a decrease in discounts and a halt in purchases.
Vikram Solar, a leading solar module manufacturer, reported a strong first quarter of FY26 with a 483% increase in profit after tax and a 79% growth in revenue. With India's push for renewable energy, the company's order book has soared to 10.96 GW. Additionally, the company's profit margin and capacity utilization have also improved
An ICRA report predicts that the US tariffs on Indian apparel imports will cause a significant decline in revenue and margins, potentially harming the country's competitive edge in the global market. However, importing duty-free cotton from the US and reaching a trade agreement could help mitigate the impact.
Vedanta Ltd is expanding its aluminium capacity from 3 to 6 MTPA through land acquisition in Dhenkanal, Odisha. They also have plans for a greenfield plant and an aluminium park in Jharsuguda, which could generate over 2 lakh jobs. The company is currently investing in billet capacity and aims to become a major player in the aluminium industry.
A couple in Delhi's Nirman Vihar bought a Mahindra Thar and performed a "nimbu ritual" to protect it from the evil eye. However, the car owner accidentally hit the accelerator, causing the SUV to crash through the showroom's first floor. No one was hurt, and no complaints were filed. The couple's intention was to roll the car over a lemon, but it ended up causing chaos.
The ED conducted searches in Delhi-NCR, Tamil Nadu, and Karnataka in a money laundering investigation linked to an alleged Rs 346 crore bank fraud case involving Hythro Power Corporation Ltd (HPCL) and its directors. The probe revealed that loan funds were siphoned off and diverted through fictitious transactions with related entities, causing losses to banks and eroding creditor interests.
Arshad Warsi, famous for his role as Circuit in Munnabhai, hosted the first season of Bigg Boss. His humor and charm made the show popular among Indian viewers. With 85 episodes, the season was won by Rahul Roy and featured other celebrities like Rakhi Sawant and Amit Sadh. Despite controversies, it was a success and set the foundation for future seasons.
Ukrainian President Volodymyr Zelenskyy has warned Europe and NATO of an escalating threat from Russia after a barrage of missiles and drones struck Ukraine, including Russian-Iranian "Shahed" drones. The attacks targeted 15 regions, causing one death and injuring three people. Zelenskyy also expressed concern about the conflict spreading into NATO territory.
The government has reduced the goods and services tax (GST) on drones to 5%, down from 18% and 28%. This move is expected to boost the defence sector and ease the indirect tax burden on defence procurement. It will also reduce costs for surveillance drones and strengthen India's drone training ecosystem. The GST changes will also support indigenous assembly and research.
Muhammad Waseem, UAE's captain, is confident in his team's ability to win the Asia Cup 2025 in the T20 format. Shaped by an Indian mentor and born in Pakistan, Waseem is the UAE's top batter, with a record of hitting the second-most sixes in T20 internationals. He plans to target India and Pakistan, relying on discipline and teamwork for an upset victory.
CEA predicts that GST reforms will counteract the effects of US tariffs on Indian exports. This will result in a 0.2-0.3% increase in GDP growth this year. The GST Council plans to simplify the tax system by implementing a two-slab structure of 5% and 18%, along with a single return filing process.
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.