Motilal Oswal Financial Services rates Sri Lotus Developers as 'Buy' with a target price of Rs 250, citing a potential 35% upside. The company's impressive sales growth, focus on premium markets, zero debt, and asset-light model make it a promising investment. Presales are projected to rise by 129% and collections to reach Rs 4,020 crore by FY28, highlighting its niche in the market.
Seshaasai Technologies' IPO received an overwhelming investor response, with a subscription of 69.64 times. The allotment of shares will be announced on September 26, and the listing is scheduled for September 30. The bidding price for the IPO was set at Rs 402-Rs 423 per equity share. Investors can check their allotment status online.
The DoT is planning to enforce stricter regulations for spectrum sharing in the satcom market to prevent interference. TRAI suggests assigning spectrum through administrative allocation with a 4% annual levy. As technology and scale increase, industry players believe satcom service prices will decrease. Rules must also be designed for future scenarios as there are currently no incumbent operators.
Firoz Cyrus Mistry and Santosh Balachandran Nayar have joined the board of Afcons Infrastructure, indicating next-gen family involvement in the company. Firoz is a non-executive director while Nayar is an independent director. They bring diverse experiences and international exposure to the board, along with seasoned professional expertise.
Skoda's iconic car, Octavia, is returning to India with the launch of the Octavia RS to commemorate the brand's 130 years globally and 25 years in India. The limited edition car will be imported and pre-bookings begin on October 6. Skoda aims to establish the RS branding in India and may introduce more RS versions of other models.
The Centre has released the draft CAFE-III regulations, offering relief for small petrol cars, incentives for clean alternative technologies, and flexibility through fleet pooling. The norms allow petrol vehicles under certain specifications to deduct CO2 emissions from declared levels, and introduce a super-credit system for green vehicles.
Lenovo is prioritizing India's enterprise market, citing high demand for hardware infrastructure across sectors. The company aims to sustain its manufacturing base through local consumption rather than exports. They are seizing opportunities in hybrid cloud and sovereign AI, and have partnered with Nutanix to offer software solutions on their hardware.
Amit Shah urges Indian banks to prioritize growth and global competitiveness, while also emphasizing lending to MSMEs. He assures that coalition government will not hinder progress. Modi government's policies and inclusive approach have gained global recognition for India's growth. Make in India 2.0 to focus on emerging sectors and high-tech manufacturing.
Maruti Suzuki India has seen a surge in retail sales, with over 75,000 units sold since the start of Navratra and the rollout of GST 2.0. The company is receiving 80,000 inquiries and 18,000 bookings per day, with small cars leading the momentum. The strong sales performance is also attributed to price cuts under the GST 2.0 regime. Maruti Suzuki aims to become a Rs 8,000 crore company in 5-
Kinetic Green Energy has introduced the E-Luna Prime, an electric two-wheeler for entry-level commuters. The company aims to target both urban and rural markets, personal use, small businesses, delivery, and e-commerce with this new vehicle. They also have plans for global expansion and aspire to become a $1 billion company in 5-6 years.
Finance Minister Nirmala Sitharaman stated that industries and traders have passed on the benefits of GST cuts to citizens. Consumers are witnessing significant savings in key sectors such as automobiles, insurance, medicines, and groceries. Sitharaman credited the collaborative efforts of central and state ministers for ensuring compliance and awareness.
Commerce and Industry Minister Piyush Goyal's team, led by special secretary Rajesh Agrawal, has returned from US trade talks. Goyal will return on Friday as discussions continue at different levels to reduce tariffs on Indian exports. The ongoing BTA negotiations have had five rounds of discussions, and Goyal also met with top American CEOs and the World Bank CEO.
Lenskart's international operations, launched in Singapore in 2019, are now the key driver of its growth, accounting for 40% of revenue. The acquisition of Owndays, a Japan-based eyewear chain, has strengthened its presence in the region. The company's localization strategy has been successful, and it aims to expand into Europe, potentially surpassing its domestic business in revenue.
AWL Agri Business, famous for Fortune edible oils, plans to enter the ready-to-eat market and promote sustainable mustard farming. The MD and CEO predicts growth in rural and urban areas and aims to achieve a revenue of Rs 9,000-10,000 crore by 2027. This expansion is possible due to the changes in GST rates.
A retired banker in Delhi fell victim to a digital arrest scam, losing Rs 23 crore to cybercriminals posing as officials. This is India's largest digital arrest fraud, highlighting the increasing trend of such cybercrimes. Banks must adhere to RBI guidelines to prevent such scams, while individuals must stay vigilant and report any suspicious activity to their bank and authorities.
The resumption of direct flights between India and China, expected to begin in the winter schedule, has been delayed until early next year due to regulatory bottlenecks. Both sides are working on renewing the Air Services Agreement and obtaining operational clearances. Airlines must also revalidate expired certifications and secure takeoff and landing slots.
The festive e-commerce events on Amazon, Flipkart, and other marketplaces have recorded a 23-25% rise in sales, driven by premium smartphones and TVs. This growth can be attributed to factors like repo rate cuts, higher disposable income, and rural prosperity. The new GST slabs have also contributed to increased consumer spending, resulting in record-breaking numbers.
Standard Chartered Bank in India is shifting its focus to cross-border banking, wealth management, and multi-product retail relationships to achieve double-digit growth. They are investing in corridor-native strategies and hiring wealth managers to help clients expand into new markets. The bank expects a 10% growth in its corporate loan book and is actively involved in infrastructure finance.
The government and ADB have launched an Integrated State and City Logistics Plan in 8 cities to enhance efficiency and reduce costs. It will assess infrastructure, identify gaps, and provide a roadmap for improvement. The plan will be replicated nationwide after the first phase and may receive additional support from the ADB. The project is expected to take 6-8 months.
HR Executive Kristin Cabot and CEO Andy Byron's affair scandal was exposed when they were caught on the kiss cam at a Coldplay concert. New details reveal Cabot's then-husband was also at the concert with a date. The scandal led to their resignations and divorce, and Cabot faced death threats and media harassment, highlighting the negative effects of social media.
Florida Governor Ron DeSantis and White House Deputy Chief of Staff Stephen Miller strongly oppose the H-1B visa program, claiming it brings in cheap foreign labor and threatens American jobs with the rise of artificial intelligence. They advocate for prioritizing American talent and addressing issues of immigration and deportation.
BTS fans in India can watch their favorite K-pop group's concert films, "BTS 2016 Live the Most Beautiful Moment in Life on Stage: Epilogue" and "BTS 2017 Live Trilogy Episode II The Wings Tour the Final," in 4K on the big screen this weekend. The films will be shown in select Indian theatres from September 26 to 28, and tickets can be booked via PVR.
R. Jagannath, and Kiran Mazumdar-Shaw
Bengaluru, the Silicon Valley of India, boasts of some of the wealthiest individuals in the country, including tech entrepreneurs and real estate tycoons. The top 10 billionaires in the city have a combined net worth of over Rs 4 lakh crore. In contrast, Mumbai is known as the 'millionaire capital' of India, with more than 1,40,000 millionaires.
The DPIIT has released a Guidebook on HSN Codes, allocating 12,167 codes to 31 ministries and departments. This will provide clarity on which products fall under their purview and aid in policymaking, investment, and trade facilitation. The guidebook will also assist in trade negotiations and promote ease of doing business.
Assamese singer Zubeen Garg's death is being investigated by a 10-member SIT team, with raids conducted at three places. The Assam government has banned the event organiser and CM Himanta Biswa Sarma has promised a thorough investigation, with the possibility of handing the case to the CBI. The singer's death has sparked a tragic controversy.
The NSE of India has achieved a milestone of 120 million registered investors, with a quarter of them being women. The total number of investors has reached 235 million, showing a notable growth in recent months. The NSE has been focusing on promoting investor awareness and safety, resulting in increased participation and growth in their Investor Protection Fund.
Warren Buffett, the 'Sage of Omaha', shares his simple yet valuable investment philosophy through letters and speeches. His advice includes starting early, investing in what you understand, avoiding market timing, choosing low-cost index funds, and focusing on the long term. Diversifying investments and investing in oneself through financial literacy are also crucial.
Marvel fans can celebrate as the new Wolverine game, developed by Insomniac Games, is set to release in fall 2026 on PS5. The game follows Logan on a journey to discover his past, with intense combat and appearances from other X-Men. With a talented lead actor and a promise of a violent yet nuanced experience, this game is expected to be a blockbuster success.
The Law Ministry plans to appoint a judicial and technical member for the second bench of the Securities Appellate Tribunal (SAT) to handle the increasing number of cases. Retired Bombay High Court judge Justice VG Bisht and former chief justice of the Bombay High Court Justice Ramesh Dhanuka are among the names being considered.
Jain Resource Recycling Ltd's IPO received 1.24 times subscription on its second day of bidding, with bids for 3,89,03,872 shares against 3,12,49,999 shares on offer. The quota for qualified institutional buyers was subscribed 1.61 times, while retail individual investors and non-institutional investors saw 1.28 and 0.49 times subscription, respectively.
Jinkushal Industries Ltd's IPO received 2.29 times subscription on the first day, with bids for 1,53,87,600 shares against 67,21,048 shares on offer. The retail and non-institutional investor categories were subscribed 3.28 and 3.01 times respectively, while the Qualified Institutional Buyers (QIBs) quota saw 2% subscription. The company has raised Rs 35 crore from anchor investors
Indian Finance Minister Nirmala Sitharaman praised the country's robust economic fundamentals, young population, and domestic demand for its resilience in uncertain times. She highlighted India's post-COVID recovery and its position as the fastest-growing major economy, attributing it to proactive policies, structural reforms, and better governance.
PM Modi suggests possible future reforms to reduce tax burden and simplify GST, with a potential shift towards a single-rate system. The current structure has 5% for merit goods and 18% as standard. The government is also prioritizing 'Make in India' and self-sufficiency in all industries.
FMCG giants are increasingly acquiring D2C startups for growth and premiumisation. This trend has led to a win-win situation for both sides, with FMCG companies gaining access to personalised consumer insights and D2C brands mitigating challenges of scalability and profitability. These acquisitions have not impacted the credit profile of acquirers so far
Maria Branyas Morera, the oldest person in the world at 117 years old, had her final wish fulfilled before passing away last summer - for doctors to study her. Researchers discovered that her exceptional genetics, including younger cells, great cardiovascular health, and rare gene variants, were key factors in her long lifespan despite her relatively healthy lifestyle.
Salman Khan shares his struggle with Trigeminal Neuralgia, a nerve condition that caused intense pain from everyday activities. After 7.5 years, he underwent an 8.5-hour surgery to alleviate the pain. Despite living with other health issues, Salman is grateful for being pain-free.
RCPL has signed a Rs 40,000-crore agreement with the Food Processing Industries Ministry to establish food manufacturing facilities across India. This was done at the World Food India 2025 event, with plans to invest Rs 1,500 crore in Maharashtra and Andhra Pradesh. RCPL aims to become India's largest FMCG company with a global presence and has acquired multiple consumer brands.
Infosys announced its largest-ever share buyback worth Rs 18,000 crore, matching TCS' record buyback in 2022. Vikram Solar had a successful IPO debut. Adani Group received a clean chit from SEBI in the Hindenburg case, while Vodafone Idea's plea on AGR dues will be heard by the Supreme Court on September 26. IndusInd Bank appointed a new CFO after a management shakeup due to a $230
The Trump administration’s recent move to slap a hefty $100,000 fee on new H-1B visas has not only sent the techies into panic mode but is also weighing heavily on the tech world. Amid the ongoing debate an Indian tech professional recalled the years he spent in the United States feeling “exploited and trapped” under the visa system.
Motilal Oswal is optimistic about Larsen & Toubro, Gland Pharma, and Kotak Mahindra Bank, anticipating a maximum of 18% gains. L&T's robust order book is a big trigger while Gland Pharma is predicted to boost profits by investing in niche US approvals and expanding capacity. Kotak Mahindra Bank is concentrating on retail and SME sectors, with projected NII growth and reduced credit expenses.
The US has announced a new fee of USD 100,000 for new H1-B visas for foreign workers, which will only slightly impact the operating margins of Indian IT companies. The reliance on H-1B visas has been decreasing and the visa fee hike is expected to accelerate offshoring. India's IT industry is expected to reel in USD 143-145 billion this fiscal.
KPI Green Energy has secured a Rs 3,200 crore finance facility from State Bank of India for its solar and hybrid projects in Gujarat. The projects are backed by long-term PPAs with Gujarat Urja Vikas Nigam Ltd and will contribute to the company's goal of 10 GW capacity by 2030. The funding will also support the company's commitment to a greener and more sustainable future.
US State Department spokesperson Margaret MacLeod reiterated the Trump administration's focus on American citizens and their training through the H-1B visa program overhaul. She highlighted efforts to reduce trade with Russia and resolve the crisis in Ukraine. Trump's UN speech accused India and China of supporting the war by buying Russian oil. MacLeod emphasized the US's commitment to peace.
Adani Group chairman Gautam Adani celebrates SEBI's dismissal of Hindenburg allegations and vows to focus on strengthening governance, accelerating innovation, and doubling down on nation building. The report by the US-based short-seller had triggered a $150-billion sell-off in group stocks, but Adani's portfolio has since seen a 57% increase in just two years.
The RBI's September 2025 bulletin reports a 7.8% GDP growth, a five-quarter high, due to the positive impact of recent GST reforms on the Indian economy. Despite global challenges, strong growth is projected for the second half of the year, aided by healthy corporate balance sheets and ongoing reforms. The bulletin also highlights the positive impact of GST reform on economy.
Maharashtra Chief Minister Devendra Fadnavis on Thursday took several jabs at Congress leader Rahul Gandhi, calling his appeal to India’s Gen Z to fight alleged vote theft “hopeless.” Speaking at the India Today Conclave 2025 in Mumbai, Fadnavis said, “Whoever is in love with Nepal can stay there.”
PM Modi promises further tax relief as India's economy strengthens, citing recent GST reforms as a significant step towards growth. He assures ongoing reforms and emphasizes the need for self-reliance and investment in research and innovation. The PM also highlights initiatives such as no income tax for individuals earning up to Rs 12 lakh.
Hindustan Copper's share price jumps 6.9% on supply constraints in the global copper market and potential for further rally. China's 5% cut in production adds to supply pressures, while inventories remain low. Stock has seen a strong performance in the last month, but a 3.6% decline over the past year. Q1 FY25 results show an 18.4% increase in net profit and 4.6% growth in revenue.
The Ganesh Consumer Products IPO, which opened on September 22 and closed on September 24, will finalize share allotment today and list on September 29. The subscription was 2.68 times, with QIBs at 4.03 times and NIIs at 1.91 times. Check your IPO allotment status online with a price band of Rs 306 to Rs 322 per share.
Natco Pharma plans to demerge its agro business from its core pharmaceutical business, with the Board's approval. This move is expected to unlock value, drive long-term growth, and provide operational flexibility and separate branding for each entity. Natco may retain a minority stake in the new company and Board has authorized management to evaluate the demerger and suggest a capital structure.
Final hours of bidding for Solarworld Energy Solutions, Seshaasai Technologies, and Jaro Institute IPOs. GMP trends, subscription status, and issue details. Solarworld Energy's GMP at Rs 56, expected listing price at Rs 407. Seshaasai Technologies' GMP at Rs 55, expected listing price at Rs 478.