Indian benchmarks closed lower on Monday due to the US government's hike in H-1B visa fees, resulting in a decline in IT stocks and overall market performance. The Nifty 50 and Sensex ended in the red, along with the Nifty Bank. Adani Enterprises saw gains while Tech Mahindra suffered the biggest loss. A buy-on-dips approach is recommended as long as the Nifty stays above a certain level.
Cochin Shipyard has partnered with HD Korea Shipbuilding & Offshore Engineering to enhance shipbuilding capabilities. They will utilize a new dry dock and establish a Block Fabrication Facility in Kochi, with an investment of Rs 3,700 crore. This collaboration aims to produce six vessels annually, creating 2,000 direct jobs and significant indirect employment opportunities.
US colleges and universities have faced a tumultuous year due to legal battles with President Trump and student activism. The release of US News and World Report's 'best universities' rankings include Harvard and Columbia. While Harvard maintains its top 3 spot, Columbia holds strong despite prior false data submissions.
Experts caution against high-intensity Garba dance during Navratri due to the risk of sudden heart attacks and death. Cardiologists advise taking precautions like avoiding overexertion, staying hydrated, and getting regular checkups. The intense aerobic exercise can strain the heart, particularly for those with pre-existing conditions or a sedentary lifestyle.
Indian private defence companies anticipate a rise in revenue and orders due to high domestic demand and government support for domestic manufacturing. The sector has maintained a 20% CAGR in the last 4 fiscal years with steady profits and a strong balance sheet. Electronic warfare systems, command and control systems, and aerospace equipment are the main contributors to the growth in order books.
Karnataka CM Siddaramaiah has written to Wipro Founder-Chairman Azim Premji asking for limited vehicular movement through the company's campus to reduce traffic congestion on the Outer Ring Road (ORR) in Bengaluru. He highlighted the severe traffic chaos at Iblur junction and requested Wipro's support in easing bottlenecks and enhancing commuter experience for a more livable Bengaluru.
HCC secures contracts worth over Rs 2,500 crore from PMRCL for construction of underground tunnels and metro stations in Patna. The contracts also include architectural finishing and utility works. HCC is currently working on various metro projects in different cities and has played a major role in India's metro expansion. The company's share price rose by 6% after the announcement of the order.
Hero MotoCorp has launched the new Destini 110, a 110cc iteration of its previous 125cc scooter model. Priced at Rs 72,000 and Rs 79,000, the scooter is available in two variants and comes with a 110.9 cc engine, producing 8 bhp and 8.87 Nm of torque. It also features a long seat, i3S technology, and a signature H-shaped LED taillamp. With a
Yvon Chouinard, founder of Patagonia, is a billionaire who stands out for his humble and down-to-earth nature. He prioritizes his passion for rock-climbing and environmental conservation over his wealth, and has transferred ownership of Patagonia to a trust and nonprofit organization. In a time of growing wealth inequality, Chouinard sets an example of using wealth for meaningful causes.
The GK Energy IPO will close its bidding window in a short while from now. All eyes are on its grey market premium (GMP) and the subscription numbers. By mid-day on its Day 3 of bidding, GK Energy was subscribed more than 20 times overall so far. The Pune-based agricultural water pump manufacturer is raising about Rs 465 crore through this IPO.
The new GST rates in India have lowered the tax burden on pharmaceutical products, making them more affordable for all socio-economic groups and boosting domestic manufacturing and innovation. IPA highlights that patients with rare diseases, cancer, and genetic disorders will see significant cost savings.
Trump's decision to impose a $100,000 application fee on H-1B visas has caused chaos and confusion among international workers and applicants. The Indian government condemns the move, citing potential humanitarian consequences, while Silicon Valley CEOs have mixed reactions. The fee is meant to promote American hiring, but it may also harm startups and bodyshops.
SEBI and RBI are planning to simplify the process for overseas investors to enter the Indian market by implementing standardised documentation and reducing scrutiny for regulated investors. The registration process, which currently takes six months, will be shortened to 1-2 months. These changes are being proposed in response to weak foreign investment and concerns over US tariffs.
The iValue Infosolutions IPO, priced at Rs 284 to Rs 299 per share, received a subscription of 1.82 times and is set to finalize allotment on September 23. The company aims to raise Rs 560.29 crore and will be listed on September 25. Interested investors can check their application status online through BSE, NSE, or the registrar's website using application number or PAN.
Dubai has become a top destination for wealthy Indians seeking to invest in luxury residential properties worth over $10 million. The city's tax breaks, rising real estate value, and convenient location near India have attracted many high net-worth individuals.
Voltas is facing challenges with excess inventory and declining sales, causing a 25% drop in share price. Key brokerage houses predict a further 28% decline, but the company remains optimistic with its focus on margin management and anticipated demand during the festive season. Opinions among brokerages vary, with some downgrading and others upgrading the stock due to structural factors.
Heavy rainfall in Kolkata has caused severe waterlogging, disrupting preparations for the Durja Puja festival. The city's Municipal Corporation is working to ease the situation, but with most areas flooded, it is challenging. Train services are affected, and visuals of submerged vehicles and pandals are circulating on social media. Three deaths due to electrocution have been reported.
Mahindra is set to launch the facelifted version of its popular off-roading SUV, the Thar. The new 3-door Thar has been spotted at a dealership yard, indicating a market launch is imminent. The updated version will come with a revised front grille, rear wiper and washer, and a free-standing 10.2-inch touchscreen infotainment system.
Singer Zubeen Garg passed away in Singapore on September 19 while swimming. His three beloved dogs bid him farewell in a viral video shared by Assam CM Himanta Biswa Sarma. His cremation will be held with full state honours, and a second post-mortem was conducted.
Jefferies recommends buying four stocks across sectors with potential upside of up to 22%. These stocks will benefit from improving fundamentals, business moves, and regulatory tailwinds. Paytm's 'Buy' rating with a target price of Rs 1,420 is due to lower expenses and growth potential from its postpaid offering. Axis Bank and IndiGo are also top picks with high potential upside.
India's private sector growth stayed robust in September, as the HSBC's flash Composite Purchasing Managers' Index (PMI) decreased slightly from the previous month. While both manufacturing and services PMI saw a slowdown, new business growth was still positive. Job creation also slowed down, suggesting no urgency for companies to hire more employees.
Kirti Doshi, through his family-controlled entity, has acquired a 21% stake in Emkay Global, while existing promoters have also invested additional equity. This has resulted in a total capital infusion of Rs 227.5 crore. Doshi expresses excitement to work with Emkay's founders and management, while they welcome his expertise.
The Indian rupee reached an all-time low of 88.53 against the US dollar on Tuesday due to increased US tariffs and H-1B visa fee hike. The RBI's limited intervention has led to more volatility and potential further decline. The Sensex and Nifty also saw a dip, while the Commerce and Industry Ministry is monitoring the situation closely.
Meta CEO Mark Zuckerberg believes in starting his day with a workout routine, specifically Brazilian jiu-jitsu and MMA, to boost his energy levels, brain power, focus, and memory. He also takes creatine and vitamin D for nourishment and has completed the challenging 'Murph Challenge' workout. This combination of physical and intellectual engagement sets him up for a productive day.
Euro Pratik Sales, a decorative laminates and wall panels company, had a successful IPO with shares listed at an 11% premium. The IPO raised Rs 451.31 crore and received a moderate response from investors. The company, founded in 2010, specializes in design-led products for modern construction and interior projects.
21-year-old Samarjeet Singh from Punjab is missing in Russia after being seen in a Russian soldier's uniform during a video call with his family. His family has asked for help from Prime Minister Modi and the Ministry of External Affairs to find him. His family believes he was influenced by a Russian woman to join the army.
Assamese singer Zubeen Garg died in Singapore on September 19 at the age of 52 in a swimming pool mishap. He had travelled to attend the Northeast India Festival. Upon arrival of his body from Singapore, fans gathered in lakhs at Jalukbari in Guwahati to pay their respects.
The DoT is set to report positive results for the telecom PLI scheme at a meeting with the Cabinet secretary. While half of the approved companies have not claimed incentives yet, the scheme has successfully achieved its core objectives. With cumulative sales of Rs 91,125 crore, exports at Rs 17,809 crore, investments at Rs 4,516 crore, and 29,117 jobs created.
The Trump administration's strict visa and immigration policies have resulted in a 19% decrease in international student arrivals in August 2025. The biggest decline is seen in Asia and is expected to continue in September, potentially causing a 40% decrease in new international student enrollment and harm to the US economy and competitiveness.
Indian indices opened on a positive note, with Nifty and Sensex rising by 0.12% and 0.08% respectively. Bank Nifty, small and midcap stocks also opened higher. The sustained FII selling due to high valuations in India has been a major drag on the market. Early gainers include Maruti Suzuki, Eicher Motors, and Infosys, while Adani Enterprises, Adani Ports, and Sun Pharma are among the laggards.
ACME Solar Holdings has received a domestic funding of Rs 1,100 crore from SBI to refinance debt and lower financing costs for its renewable energy project in Rajasthan. The 17-year tenure funding will help the project maintain optimum CUF levels and improve the company's credit profile. This has led to a 27.14% increase in the company's share price this year, aligning with its strategy.
KEC International, a global infrastructure EPC company, has received new orders worth Rs 3,243 crore in its T&D business, taking its YTD order intake to Rs 11,700 crore. These orders include a 400 kV transmission line project in UAE and supply contracts in the Americas. MD & CEO Vimal Kejriwal is confident that these projects will boost the company's growth in the upcoming quarters.
Union Minister Ashwini Vaishnaw praised Zoho products, calling them "phenomenal", and announced his intention to switch to the "Swadeshi" platform, in line with Prime Minister Narendra Modi's call for promoting indigenous products. Zoho co-founder Sridhar Vembu thanked Vaishnaw for the support and promised to make India proud.
Pakistan PM Shehbaz Sharif emphasised the importance of resolving the Kashmir issue for long-term peace and stable relations with India. Sharif believes that there can be no normalisation of ties without addressing the Kashmir issue, and that the blood of the Kashmiri people will not go in vain.
Denmark's Copenhagen Airport was shut down due to reported drone sightings, causing delays and cancellations. Passengers were urged to stay updated through their airline and the airport has since reopened, but warned of potential further disruptions. The origin of the drones is still unknown and multiple flights were diverted.
Stocks to watch on September 23, 2025: KEC International, RVNL, Birla Corp, Brigade Enterprises, Suraj Estate, Alkem Labs, and Glenmark Pharmaceuticals. Indian stock markets ended lower on September 22, with Sensex falling 466 points and Nifty dropping 125 points.
Shyam Srinivasan, the accomplished banker and avid cricket fan, attributes his career success to a combination of faith and hard work. As the longest-serving MD and CEO of Federal Bank, he turned it into a renowned national brand. Srinivasan believes true leadership is about empowering others and now mentors and writes to share his wisdom. Retirement allows him to focus on his faith and fitness.
The highly anticipated festive sales by Flipkart and Amazon were plagued with glitches and inconsistencies, including app crashes, order failures, and higher prices. Limited availability of popular products frustrated shoppers, while both platforms are relying on quick commerce to handle the high demand.
The implementation of GST 2.0 has caused a surge in car bookings and footfalls in showrooms, with north and west India leading the way. Maruti Suzuki, Tata Motors, and Hyundai have seen a rise in enquiries and dealerships are extending business hours. However, there may be difficulties in meeting the festive demand due to low stocks. Honda and Bajaj Auto have also announced attractive deals.
Nabard's survey shows that 72.8% of rural households anticipate a rise in income in the next year, with a decrease in those reporting a decrease in income. Consumption and savings have also increased, but Trump's tariffs and natural disasters may have affected sentiment. Government support is crucial in sustaining rural income and consumption.
The US Administration's new $100,000 fee for H-1B visa applications will have a varying impact on Indian firms, with mid-tier and smaller companies being hit the hardest. This reflects a move towards local hiring and subcontracting, requiring firms to adjust their strategies to maintain growth and margins.
RBI deputy governor M Rajeshwar Rao emphasizes trust in banking and the role of AI in providing efficient services and promoting inclusive growth. He also mentions AI's potential in credit monitoring and early warning systems to benefit both lenders and borrowers. The focus is on improving lending practices, particularly in the MSME sector, to bridge the credit gap in India.
India's beauty and personal care industry is rapidly growing, driven by premiumisation, middle-class consumption, and demand from Tier-2 and Tier-3 cities. Industry leaders discussed the sector's scale, growth drivers, and trends, including community-led brand building and sustainability. The panel also shared startup advice, highlighting the industry's potential for long-term success.
Euler Motors, a Haryana-based EV startup, plans to double its revenue to Rs 400 crore in FY26 by launching affordable commercial vehicles, expanding production and dealerships. It aims to achieve Ebitda break-even by 2029 and recently launched Turbo EV 1000, adding to its three vehicles in the 1-1.5 tonne segment. The company also plans to expand its market reach.
Foreign investors are hesitant to invest in India due to expensive prices and taxes, causing it to underperform compared to other Asian markets. FPIs are shifting towards cheaper and more promising markets. Despite this, India's long-term potential remains strong and investors should consider domestic economy and large-cap stocks. REITs are also a safe option in the current market climate.
SLMG Beverages, Coca-Cola's largest independent bottler in India, is expecting a 10-11% growth this financial year due to GST cuts and festive season consumption. The company aims to double its topline to Rs 20,000 crore in the next 5-6 years by expanding into new territories and developing affordable products.
SEBI proposed changes to the definition of technical glitches for stock brokers' online trading systems, including excluding glitches after trading hours and those not under brokers' control. The new framework would ease compliance for smaller brokers and require them to report glitches to exchanges and clients within two hours and submit detailed analyses within 14 days.
Small retailers in major cities are unsure about the new GST reforms, causing them to hold back on passing price benefits to consumers due to high inventory costs. Modern retailers and FMCG companies are ready for the changes, expecting a smoother transition. While short-term impact on small businesses may be difficult, tax experts remain hopeful for a positive long-term outlook.
Walmart-owned PhonePe saw a 40% increase in revenue in FY25, driven by growth in payment services, lending, and insurance. Other services like stockbroking and mutual fund distribution also contributed to the rise. After adjusting for Esop costs, the company reported a profit of Rs 630 crore. It also received final authorization from RBI to operate as a payment aggregator.
The implementation of Goods and Services Tax 2.0 led to a significant consumption boost in the market, but the 20-fold hike in H1-B fees caused a 0.5% decline in benchmark indices. The Nifty IT Index plunged 2.95%, with the top 10 IT companies losing ₹83,547 crore in market capitalisation. The market sentiment and volatility also saw a spike, with investor wealth eroded by ₹1.24 lakh crore.
India's exports to the US have faced a significant decline of 22.2% between May and August, mainly due to steep tariff hikes on exempt items such as smartphones and pharma. This has led to a reshaping of trade flows, with some products facing 50% tariffs for all countries.