Metal stocks rebound after early lows due to tariffs imposed on Canada, Mexico, and China. US pauses military aid to Ukraine, impacting metal pact. Nifty Metal index down 1.43% in pre-open session, major losers include NALCO and Welspun Corp. Vedanta, Tata Steel, Hindalco, JSW Steel, and others drag index. Nifty 50 falls below key support level, Sensex declines 452 points.
Shardiya Navratri, a nine-day festival in India, honors goddess Durga and her nine avatars. Fasting and consuming satvik foods are customary, with Durga Puja as the highlight. This year, Navratri will last for ten days, starting on September 22 and ending on October 2, with each day dedicated to a different form of Durga.
Study finds Indian automobile launches often delayed due to late design and engineering changes, causing issues for suppliers and increasing costs. Report suggests adopting flow-based execution, involving suppliers earlier, and structured triage of changes to reduce late changes by 20-30%.
The Supreme Court raised concerns about the firecracker ban only in Delhi-NCR, stating that clean air is a right for all citizens. They emphasized the need for a pan-India policy and expressed worries about pollution in other cities. The impact of the ban on festivals like Dussehra and Diwali was also discussed, with the court seeking a report from the Commission for Air Quality Management.
Experience the ultimate luxury dining at these extravagant restaurants around the world, where a meal can cost up to Rs 2 lakh per person. From immersive technology-enhanced meals to exclusive intimate seating and multi-course menus, these restaurants offer a truly unforgettable experience. Indulge in haute cuisine and Michelin-starred dishes from Spain to New York.
India continues to heavily import Russian oil in September, despite US scrutiny, due to contract lag and a need to balance discounted Russian grades with reliable Middle Eastern supplies. Adani's ban on sanctioned vessels at its ports could lead to a diversification of crude sourcing for refiners, but Russian barrels remain the most cost-effective option.
Sydney Sweeney's portrayal of boxer Christy Martin in a new film has sparked mixed reactions from fans. While some praise her transformation and dedication, others criticize her acting. The film also stars Ben Foster, Merritt Wever, and Katy O’Brian, and is set to release in November. Martin herself has praised Sweeney's talent, but some question if she is the right fit for the role.
Steve Jobs, the co-founder of Apple, was a creative thinker who loved walking. His biographer and designer Jony Ive both noted how they often had serious conversations while walking. Jobs believed walking boosted creativity and cognitive function, a notion confirmed by a neuroscientist.
Lawyers representing Karisma Kapoor's children and Sunjay Kapur's widow Priya Sachdev Kapur had a heated exchange during a hearing on the late industrialist's estate worth Rs 30,000 crore. A video of the Delhi HC hearing shows senior advocates shouting and accusing each other of interruptions. The dispute, involving allegations of a forged will, has been ongoing since Sunjay's death in June.
The Supreme Court rejected Kangana Ranaut's request to dismiss complaints against her for a post during the farmers' protest. The court said that her comments had intensified an existing post. Ranaut agreed to withdraw her plea, and the court granted it. The case involves a defamation complaint by an elderly woman who was likened to a protester in a retweet by Ranaut.
Mexican President Claudia Sheinbaum announced plans to raise tariffs on Chinese goods, specifically automobiles, to stimulate the country's economy. This decision has been met with support from the automotive industry, but has also raised concerns about appeasing the US. Chinese officials are hopeful for cooperation, but data shows that China is Mexico's top car supplier.
Adani Enterprises, through its subsidiary Adani Road Transport Ltd, has acquired DP Jain TOT Toll Roads for Rs 1,342 crore. The toll road project, incorporated in May 2021 by D P Jain & Co Infrastructure, has a concession period of 20 years. Adani Enterprises reported a 14% YoY growth in total income and a 50% PAT growth in Q1 FY26. Adani Road Transport has a total of 8 under construction and 6
FBI Director Kash Patel is under scrutiny after the shooting of conservative activist Charlie Kirk in Utah. The suspect is still at large and Patel has faced criticism for prematurely announcing the suspect's arrest. The investigation has raised concerns about Patel's leadership and his alleged involvement in the firing of three FBI agents.
Former RBI Governor C Rangarajan criticized Trump's economic policies, emphasizing the need for easier trade and a global goal of freer trade. He highlighted the severe impact on Americans and mentioned India and Brazil as highly taxed nations. Rangarajan stressed the importance of collective efforts towards India's development.
India's death rate from chronic diseases like cancer, heart disease, and stroke has increased in the past decade, while most countries have seen a decline. The study, led by researchers at Imperial College London, found that this trend was more pronounced in women. The main causes of this rise were ischaemic heart disease and diabetes.
The DoT has questioned Jio and Airtel for removing their 1GB data plans, citing affordability issues. TRAI has been instructed to look into the matter as the plans were discontinued in August, despite being a major source of revenue for both companies. TRAI has the authority to intervene for the benefit of consumers.
A landslide in Upper Rimbi, West Sikkim kills four and leaves three missing. SSB, SDRF, and local police conduct rescue operations. MLA and state minister praise coordinated efforts. Search for missing persons ongoing as heavy rains hinder process. IMD issues alert for more rainfall. Officials urge relocation of vulnerable residents. Monsoon rains cause more disasters in Sikkim.
Delhi High Court has removed Sunjay Kapur's sister, Mandhira Kapur, as a party to the 3,000 crore inheritance battle for his estate. The court has directed Priya Kapur, Sunjay's wife, to submit details of his assets. Mandhira has expressed support for Karisma Kapoor and her children in their claim for a share of Sunjay's wealth.
Royal Enfield plans to release its first electric motorcycle, the Flying Flea C6, in 2022 and is also testing a fully-electric version of the Himalayan. Spy shots of the test mule in Ladakh highlight the difficulties of riding an EV in remote areas with limited charging options. The design of the Himalayan Electric is practical and influenced by rally bikes, featuring a 7-inch ECUMASTER dashboard.
Markets had a positive Friday with steady momentum in benchmark equities. NSE Nifty 50 and Sensex rose, while banking, midcap, and smallcap stocks saw brisk buying. Defence stocks like Bharat Electronics and Mazagon Dock surged, while Paras Defence and JBM Auto also saw significant gains.
Moto Morini has reduced the prices of their Seiemmezzo 650 models by Rs 91,000, bringing them down to Rs 4.29 lakh. This makes the retro street bike and scrambler models more affordable. The company is also offering extended loan tenures and covering up to 95 percent of the cost. This is the second price cut for the motorcycles, which were previously priced at Rs 6.99 lakh and Rs 7.10 lakh.
Nepal is facing widespread protests led by the youth against corruption and misgovernance. Former Chief Justice Sushila Karki is set to be sworn in as the Interim Prime Minister, with preparations already underway. She is seen as a non-partisan figure capable of restoring credibility and stability. The protests were triggered by a social media ban and have resulted in 34 deaths.
Jefferies, a global brokerage house, has recommended 5 top financial sector stocks including HDFC Bank, ICICI Bank, Max Financial Services, Bajaj Finance, and Cholamandalam Finance. These stocks are expected to have strong earnings potential, improved asset quality, and a stable growth outlook. Jefferies has reiterated its 'Buy' tag for these stocks, with potential upside of up to 25%.
UTDB promised a lucrative deal for adventure tourism at George Everest Estate, with amenities like land, huts, cafe, museums, observatory, and helipad. But an investigation revealed that all bidders had a common shareholder, raising concerns of collusion. Officials deny any wrongdoing, citing transparency. The project is backed by Asian Development Bank.
The Kapoor family's inheritance battle has captured public interest, with rumors of reconciliation and leaked private conversations. Sunjay Kapoor, Karisma's ex-husband, reportedly aided their children in obtaining Portuguese citizenship to avoid overseas property taxes. The court was adjourned till October 9.
A third-year undergraduate student at Jadavpur University, Anamika Mondal, was found unconscious near a water body on campus and declared dead upon arrival at a hospital. The incident occurred during a cultural program, and police are investigating the cause of her fall. This tragedy has raised concerns about safety on campus and has led to demands for increased security measures.
Karthik Gattamneni's Mirai, starring Teja Sajja and Manoj Manchu, has been receiving rave reviews on microblogging site X. The visually spectacular film, inspired by Indian mythology, boasts brilliant storytelling, gripping action sequences, and stellar performances. With a perfect mix of star power, special effects, and twists, Mirai is set to make a grand opening on September 12.
SEBI board to discuss regulatory reforms including relaxed IPO norms for large firms, MPO and MPS targets based on market cap, single-window system for foreign investors, changes for accredited investors in certain AIFs, and expanding scope of rating agencies. Also, proposal to grant equity status to REITs and longer timelines for compliance with MPO and MPS targets.
Gold prices in India have risen to over Rs 100,000 per 10 gm, doubling in the last 3 years and surpassing the stock market. Factors such as the festive season, GST rate cuts, and a weak rupee have contributed to this trend. Keep an eye on Manappuram Finance, Muthoot Finance, and Titan as they have solid fundamentals and are expanding their business.
Elon Musk has regained his title as the world's wealthiest person with a net worth of $399 billion, overtaking Larry Ellison who briefly surpassed him. Tesla's success, with a 56% increase in shares, is a major source of Musk's wealth, along with his other ventures such as SpaceX and xAI. Despite their rivalry, Musk and Ellison have a strong connection.
The Indian government's move to reduce GST rates and eliminate compensation cess has had a positive effect on the automotive sector. Mahindra has already lowered prices for its XUV700 models, and the latest revision has made cars of all sizes more affordable, with small cars seeing a 5-13% decrease and larger cars a 3-10% decrease in prices.
Kawasaki has launched the 2026 ZX-10R in India at Rs 19.49 lakh, an increase of Rs 99,000 from the previous model. The updated ZX-10R retains its iconic design and features, including fully adjustable suspension, Brembo brakes, and a TFT instrument console with smartphone connectivity. However, the power output has been reduced to 193.1 bhp, making the 2025 ZX-10R a more sensible option.
Punjab faces severe flood disaster as rivers swell due to intense rainfall in neighboring states. Bollywood actors and Punjabi singers come forward to provide immediate relief and aid to affected families. Shah Rukh Khan's Meer Foundation distributes over 1500 relief kits and collaborates with an Amritsar-based NGO to provide essential supplies to affected homes.
Motilal Oswal rates Bajaj Housing Finance as 'Neutral' with a target price of Rs 120. The company has shown a 29% growth in AUM in the last 5 years and has a diverse product range and strong asset quality. It is the top housing finance company in India, with a focus on high-income earners. Steady returns are expected over the next 3 years.
The US state department is cracking down on foreigners who support the killing of conservative activist Charlie Kirk, warning of consequences such as visa revocation. This includes monitoring social media for anti-American sentiments. Critics argue this violates free speech and targets international students and immigrants.
Infosys, India's second-largest IT services company, announced a record-breaking buyback plan worth Rs 18,000 crore, representing about 2.41% of its paid-up equity capital. This is the first buyback in 3 years and has been well-received by most brokerages, with Jefferies and Nomura maintaining a 'Buy' rating on the stock. The buyback price has been fixed at Rs 1,800 per share.
Indian equity indices opened higher for the eighth consecutive session, with Nifty 50 and Sensex rising by 0.25% and 0.26%, respectively. Bank Nifty, small and midcap stocks also opened higher. Market experts predict a bullish trend, with immediate support at 24,850 and a potential breakout at 25,050. Positive global cues and potential trade talks between the US and India also add to the optimism.
Infosys, a top tech company, has announced its first buyback in three years worth Rs 18,000 crore, which is 2.4% of the total equity shares. This is the fifth buyback in the last eight years. Despite a 3% increase in share price in the last five days, the stock has dropped by 5% in the last six months. Infosys has also reported a 3.3% YoY revenue growth and has raised its revenue guidance.
Former Brazilian President Jair Bolsonaro was sentenced to 27 years in prison for plotting a coup to stay in power after losing the 2022 election. This is the first time a former president has been convicted for attacking democracy, causing concern from his ally, U.S. President Donald Trump, who may impose sanctions.
The upcoming assembly election in Bihar holds great significance as it can determine the fate of many leaders. Key issues driving the mandate include employment, migration, development, and rural issues, with a focus on fulfilling the state's needs and addressing the treatment of Biharis. Women, a crucial supporter of CM Nitish Kumar, will also have a significant role to play.
Newly released emails from Jeffrey Epstein's Yahoo account reveal his network of influence, partnership with Ghislaine Maxwell, and dealings with high-profile figures. Maxwell's involvement in his financial affairs and efforts to discredit victims are exposed, along with Epstein's obsession with youth and appearance. The emails also raise questions about Donald Trump's ties to Epstein.
Zupee, a real money gaming platform, has laid off 170 employees due to the government's ban on online gaming. The affected employees will receive severance pay and other benefits. Other major gaming firms have also laid off employees. However, overall tech startup layoffs have decreased. Zupee has launched a new video platform, Zupee Studio, for smaller cities.
The recent GST rate cut is expected to revive the commercial vehicle industry, with Ashok Leyland making new investments to increase capacity and benefit from the replacement segment. The company has also announced a partnership with China's CALB for battery production in India, which is expected to boost consumption and create potential opportunities for replacing over 11 lakh MHCV.
Samco Mutual Fund CEO Viraj Gandhi suggests that only a few sectors, such as auto and defence, can offer momentum in the current market. He advocates for the use of algo strategies to maintain discipline in a stagnant market. The fund house utilizes factor investing, specifically the momentum factor, which has shown the highest alpha in both Indian and foreign markets.
Charlie Kirk, founder of Turning Point USA, was shot and killed at Utah Valley University. His body was flown back to Arizona on Air Force Two, with Vice President JD Vance carrying the casket. Vance paid tribute to Kirk's influence in the conservative movement and his close ties with him. Kirk leaves behind a wife and two children, leaving his supporters grieving and angry.
A federal judge has blocked the Trump administration's attempt to bar children living in the US illegally from enrolling in the Head Start program. The ruling was issued nationwide and praised by the ACLU. The case was filed by Head Start agencies and parent groups, challenging the HHS directive that expanded eligibility criteria for government benefit programs.
Client Associates is India's leading multi-family office wealth manager, serving over 1,000 family offices and managing assets worth $6 billion. Founded by private bankers Rohit Sarin and Himanshu Kohli 22 years ago, the firm offers a range of wealth management services, such as investment advice, estate planning, and global investing.
Rupee hits all-time low of 88.44 against US dollar due to demand from importers and foreign outflows. RBI chooses not to intervene, allowing rupee to fall and providing cushion for exporters. Trade uncertainty between US and India leads to sustained outflows from foreign investors. Rupee has lost 3.5% this financial year, biggest loser among Asian currencies.
Bajaj Auto has regained its second position in monthly electric two-wheeler sales after facing a rare earth magnet supply chain disruption in August. The Pune-based automaker sold 5,935 units in September, securing a 20% market share. Ola Electric, which overtook Bajaj in August, slipped back to fifth position in September. TVS Motor retained its leadership with 6,769 units sold.
Prologis, the world's largest warehousing company, has invested $1 billion in developing 7 million sq ft of warehousing space across four sites in India. The company has also acquired 320 acres of land in the country and has $205 billion worth of assets globally. Prologis is also looking into data centers and solar energy opportunities, following its success in the US markets.
Ashok Leyland's MD & CEO, Shenu Agarwal, predicts that the commercial vehicle (CV) industry will surpass the all-time high sales of FY19 due to the GST rate cut. The company is also making strategic investments in capacity and technology, including a partnership with China's CALB for battery production.