Nifty Metal index has seen a significant increase this week, rising by 9.2% and marking its biggest weekly gain in over 4 years. The uptick in metal stocks can be attributed to easing trade tensions between the US and China, as well as a 12% provisional safeguard duty imposed by the Indian government to protect domestic players from rising metal imports.
Atlanta Electricals, a key IPO opening today, plans to increase manufacturing capacity via IPO proceeds. The issue is a combination of fresh share issuance and an 'Offer For Share' component. The company aims to raise Rs 687.34 crore, with Rs 400 crore for expansion and Rs 287.34 crore for debt repayment. The IPO is priced between Rs 718-754 per share.
WNS CEO Keshav Murugesh talks about the Capgemini deal's completion, the company's growth strategy, and preparations for an AI-driven future. The transaction is expected to be finalized by October with strong support from shareholders and antitrust authorities. Clients have shown enthusiasm for the merger, acknowledging the strength of two leaders during a time of transformation.
The EU's Carbon Border Adjustment Mechanism (CBAM) is causing a decline in India's steel and aluminium exports, with more impact expected in the future. The tax will be implemented in 2026, but reporting requirements have already caused issues and some companies are choosing not to export to the EU.
E-commerce firms are preparing for a successful festive season with the implementation of GST, which will bring savings for consumers and a boost for platforms. Major players have aligned their sales with new tax slabs and are focusing on logistics and visibility to meet increased demand.
Despite presenting itself as a friend, the US is creating roadblocks for India's trade and investment plans by revoking the sanctions waiver for the Chabahar Port and restricting the entry of certain H-1B visa holders. The Indian markets have recovered from April lows but still lag global peers, making them vulnerable to a short-term correction.
TV companies to reduce prices by 10% due to GST tax slab reduction, expecting surge in sales during festive season. LG, Panasonic, and Sony set to reduce prices, with Sony's models seeing reductions ranging from Rs 5,000 to Rs 71,000 and LG's models seeing reductions from Rs 2,500 to Rs 85,800.
Techie Joel D'Souza and his family decided to purchase a Maruti Brezza instead of the Wagon R due to the attractive offers and reduced GST benefits. This has led to a surge in car sales, with dealerships working overtime to meet the demand. However, the demand for two-wheelers is expected to pick up during the Navratri season.
The US government's 20-fold increase in H-1B visa fees is likely to harm Indian IT stocks, already struggling with lower earnings and tariff concerns. IT companies' ADRs are expected to decline on Friday, with analysts projecting a 6% decrease in shares. Investors are advised to wait for a bigger correction before investing due to near-shoring and higher onshore delivery costs.
The festive season is expected to see a rise in consumer spending due to government's lowered GST rates and increased income tax cuts. Retailers and e-commerce platforms have made necessary changes to cater to the rush, while the government is monitoring to ensure the benefits are passed on to consumers.
PM Modi calls GST reforms a "saving festival" and "double bonanza" for middle class and MSMEs, with combined benefits of Rs 2.5 lakh crore. Urges citizens to buy "swadeshi goods and services" and states to focus on "Make in India." Emphasizes continuous need for next-generation reforms and equal participation of all states.
CBIC field offices, government departments, state governments, BJP leaders, industry bodies, and associations are monitoring businesses to pass on GST cuts to consumers. The government will track prices for six months and a dedicated category for registering complaints has been created.
Several PSUs are turning to corporate bond issues this week to raise funds and benefit from lower yields. NABARD, Numaligarh Refineries, Rashtriya Chemicals and Fertilizers, and Power Finance Corporation are among the issuers. Despite a delay due to rising yields, they are taking advantage of potential rate cuts and high demand for long-term AAA bonds.
Bihar Chief Minister Nitish Kumar is introducing multiple schemes ahead of the assembly elections to solidify his position as the longest-serving CM. These schemes offer benefits such as free electricity, allowances, and pensions to different sections of society. While the opposition calls them a replica of existing schemes, experts believe that the people of Bihar are seeking a new leader.
The government is considering imposing duties on pulses imports to stabilize domestic prices and encourage farmers to grow more, as imports and good harvest prospects have led to lower prices for key pulses. Inter-ministerial meetings have discussed the issue, and the CACP has recommended banning yellow peas imports and increasing duties on other pulses.
The Centre's budgetary capital expenditure is expected to reach 50% of the annual target of Rs 11.21 lakh crore in the first half of the current financial year, showing a significant increase from the previous year. This is attributed to the focus on capex by the Centre and state governments, along with income tax and GST reforms.
Deepika Padukone's personal trainer Yasmin Karachiwala shares a 10-minute Pilates routine that can be done at home. The routine targets the core, shoulders, back, glutes, and hamstrings while improving posture and stability. The exercises include Roll Down to Plank, Leg Pull Front, Seated Spine Twist, Swimming to Hundreds, and Rolling Like a Ball. This quick workout will keep you in shape.
Navratri 2025 is a nine-day festival beginning on September 22, marked with festivities, fasting, and feasts. While some indulge in oily and fatty foods, intense fasters tend to just live on fruits and liquids, leading to a drop in blood sugar. Dr. Nidhi Chaudhary shared a seven-day diet plan on social media to feel energized and shed weight. The plan includes several healthy options.
ECI asks state election officers to prepare for nationwide voter roll review by September 30. The clean-up process will most likely start in October-November, ahead of upcoming assembly elections. Last SIR dates were in 2002-2004 and ECI plans for countrywide SIR before state elections.
US urges Pakistan to increase fiscal accountability and transparency by subjecting defence and intelligence budgets to parliamentary or civilian oversight. The State Department also recommends timely budget publication and debt disclosure. While acknowledging areas of progress, the report highlights gaps in oversight and transparency, particularly in the management of public funds.
An Indian customs officer and his wife were denied a US tourist visa in a brief three-minute interview at the US Embassy in Delhi. Despite owning a house, a steady government job, and savings worth Rs 50 lakh, the officer was surprised by the rejection. The couple now plans to visit Japan and Ireland instead, saving them nearly Rs 80 lakh in travel expenses.
The US Chamber of Commerce is worried about the Trump Administration's H-1B Executive Order, which increases the fee for sponsoring H-1B applicants to $100,000. They are collaborating with the Administration and members to determine the impact and find a solution. The fee will only affect new applications after September 21 and will not affect current visa holders.
Taylor Swift, the billionaire pop star, is releasing her new album 'The Life of a Showgirl' on October 3, her lucky number thirteen. The album, featuring Sabrina Carpenter, will be available globally on all major streaming platforms. Despite not being able to listen to her SiriusXM channel 'Taylor's Channel 13' in India, fans are eagerly anticipating her biggest hits.
The highly anticipated Noida International Airport in Jewar, Gautam Buddh Nagar, will open on October 30 with 10 routes and a capacity to handle 12 million passengers in its first phase. Despite pandemic-related delays, the airport is on track to start operations this year and will eventually handle 70 million passengers annually.
Dubai's Roasters Specialty Coffee House has broken the Guinness World Record for the most expensive cup of coffee, priced at Dh 2600. The coffee is made with rare Panama Esmeralda Geisha beans and served in a handmade crystal glass, providing a unique sensory journey with a precision V60 pour-over. This exclusive coffee experience can be enjoyed at various outlets in Dubai.
The stock market is likely to be impacted by the US H-1B visa fee hike, trade talks, and GST rate cut this week. Investors will keep an eye on global equity market trends, while the Indian IT sector may face negative effects from the US decision. Cheaper prices for consumers are expected due to the reduced GST rates.
Trump's new order introduces a $100,000 fee for new H-1B visas, exempting renewals and transfers. The fee won't affect H-1B holders leaving and re-entering the country, but it may harm startups and innovation, as big tech companies may stop sponsoring. Immigration lawyer Sophie Alcorn has warned of potential consequences.
The US government has raised the H-1B visa fee to $100,000, causing concern among Indian tech workers. The White House released a fact-sheet explaining the decision, citing a significant increase in H-1B visa workers and American companies replacing workers with visa holders. President Trump's "America first" approach has also resulted in tariffs.
India is taking proactive measures to secure a strategic reserve of critical minerals and rare earths for its defence manufacturing, as China tightens export restrictions. This includes diversifying supply chains and tapping into rare earth mines in Myanmar. The government has designated rare-earth mining as strategic, streamlined regulatory processes, and is promoting recycling.
Zoho founder Sridhar Vembu urged Indians affected by the recent H-1B visa fee order to make a bold move and come back home, citing the example of how Sindhis built their business empire in India after leaving everything during partition. The $100,000 fee on renewal and new H-1B visas has caused panic among companies and is seen as a threat to national security.
Assamese singer Zubeen Garg passed away in Singapore while on a scuba diving trip. Investigations have begun into the incident and FIRs have been filed against the event organizers. His wife disclosed that he had a history of seizures, possibly contributing to his death. Fans and officials mourned his death as his body returned to his hometown.
Donald Trump's order to raise H-1B visa fee to $100,000 has caused uproar and legal battles. Indian IT employees are affected as US firms must pay the amount for visa holders. Top companies are recalling employees, but experts doubt the order's survival in court. India is examining the impact and seeking a resolution with the US.
Trump's proclamation on the H-1B visa caused chaos with the initial belief of a $100,000 annual fee for six years. Clarifications stated it was a one-time payment for new applications. Confusion was fueled by social media and White House's failure to clarify. A three-point clarification stated the fee did not apply to current visa holders or on renewals.
The New Mumbai International Airport (NMIA) is set to open on September 30, 2025, with a lotus-inspired design and plans to handle 20 million passengers in Phase 1 and 90 million eventually. The Maharashtra government has also prepared a connectivity plan for easy travel to the airport.
Trump raised the H-1B visa fee to $100,000 for fresh applications, causing concern among techies and tech giants. Indians on an Emirates flight bound for India were seen deboarding at San Francisco International Airport, fearing they would be barred from returning without paying an "entry fee". However, there is no entry fee to enter the United States.
Infinity Learn has introduced AINA, a voice-based AI mentor that aims to transform NEET/JEE exam preparation. Named after the Hindi word for mirror, AINA offers personalized guidance and quick doubt resolution, along with test analytics and motivational support. It caters to both paid and non-paid users and plans to extend its services to government schools.
Indian Air Force group captain Shubhanshu Shukla's recent trip to the ISS on the Axiom Mission 4 has made him a role model for aspiring scientists and engineers. He is also a part of the team for the upcoming Gaganyaan mission. The space industry offers various job opportunities, including tech, law, economics, and business roles, with specific qualifications required.
Trump raises H-1B visa fee to $100,000, affecting Indian professionals the most. Visas valid for 3 years, can be renewed for another 3 years. The hike may lead to changes in delivery models due to squeezed margins. US cites national security threat as reason for sudden increase.
Trump demands Afghanistan return control of Bagram Air Base to the US, citing its strategic significance near China border. China and Afghanistan reject foreign military presence, arguing for Afghan people's control. Concerns arise over Western efforts to re-establish military presence in Afghanistan.
The future of TikTok in the United States has been determined with a deal between Washington and Beijing. American users' data will be stored on U.S. servers and the U.S. will have control over the app's algorithm. President Trump is working towards finalizing the deal and has made progress in discussions with Chinese President Xi Jinping.
The Asia Cup, a cricket tournament between India and Pakistan, has been overshadowed by a no-handshake incident and political tensions. Despite the participation of other countries, the focus remains on the two hostile neighbors. The recent game highlighted the commercial interests forcing the two teams to face each other multiple times.
FAA reports telecom failures by a company caused 2,000 flight disruptions at Dallas airports. American Airlines canceled 530 flights while Southwest had only one cancellation. FAA's recurring tech issues show the urgency for an overhaul of U.S. air traffic.
President Trump commended the reduction in crime in Washington, DC under his administration's policing, calling the city "beautiful and safe." However, he threatened to declare a new national emergency if local police do not cooperate with immigration authorities.
E-commerce sales during festive season to hit Rs 1.15 lakh crore, up 20-25% from last year. Quick commerce up 150%, value commerce up 30-35%. Festive sales may contribute 40% of annual turnover for retailers in consumer electronics and jewellery. E-commerce platforms offering discounts and strengthening supply chains. Offline retailers also optimistic.
The Yamaha FZ-S Fi Hybrid is a powerful and efficient bike with a sleek design. Its Smart Motor Generator system boosts performance and saves fuel. With a comfortable riding position and advanced features like traction control and Bluetooth connectivity, this bike is worth the extra cost for its added benefits.
The Hero MotoCorp Xoom 160 is a unique global product that combines the thrill of a motorcycle with the practicality of a scooter. It boasts a refined engine, bold design, and impressive performance, setting it apart from traditional scooters. While its design may not appeal to everyone and it lacks certain features, it competes with top models such as the Yamaha, TVS.
Toyota Kirloskar Motor has introduced the Neo Drive system in their Fortuner and Legender SUVs, which pairs a 48-volt electrical system with a powerful 2.8-liter turbocharged diesel engine. The system provides marginal fuel efficiency benefits and features like wireless phone charging and a 360-degree camera. However, it falls short in terms of electric-only driving, ride quality, and dated cabin.
The Serendipity Arts Festival, celebrating its 10th edition in Goa, has supported artists and provided grants through its foundation. Founder Sunil Kant Munjal hopes to make the arts a part of everyday life in the next 10 years. The festival, rooted in South Asia, promotes a dialogue between local and global cultures and plans to expand to Europe and the Middle East.
"Running behind Lakshmi" by Adil Rustomjee is a comprehensive exploration of India's stock market, tracing its history from the 19th century to its transformation in 1991. In "107 Days," Kamala Harris shares her personal experiences during her campaign for the US presidency in 2024. "Economica" by Victoria Bateman highlights the role of women in economic growth throughout history.
Manoranjan Byapari's "Nowhere People" delves into the hidden world of rickshaw drivers living on a railway platform in Jadavpur, West Bengal. The novel follows Nobo, a young man who joins this marginalized community, and sheds light on themes of social inequality, injustice, and the struggles of the poor.
World Alzheimer's Day 2025: Alzheimer's disease is the leading form of dementia and a significant global health issue. WHO states that 10 million new cases of dementia arise every year, with the majority being Alzheimer's. Currently, over 55 million people have dementia, but this is predicted to increase to 139 million by 2050.