IT stocks are under pressure and HCL Tech shares plunged intra-day due to worries about margin guidance and project completion. The Nifty IT Index has dropped by 2% intra-day and is down by 4% in past one month. Experts however, believe that the current correction is temporary as investors are anticipating positive guidance and Q3 results from Infosys on January 16.
The Union Ministry has ordered 12 news outlets and journalists to remove defamatory content against Adani Group, following a Delhi court's directive. Google and Meta have also been served notices. Only Paranjoy Guha Thakurta, a journalist who has covered Adani for 10 years, is involved in the civil suit. Ravish Kumar criticizes the move as corporate censorship.
A recent report reveals that Mumbai has the highest number of millionaires in India and is predicted to be the top global city in the next decade. The city's financial hub status and conservative financial planning have contributed to this growth, with most millionaires residing in Maharashtra. Indian millionaires also show a preference for luxury brands like Rolex, Gucci, and Louis Vuitton.
Air India Flight 171 crashed in Ahmedabad, killing 241 people. Vishwash Kumar Ramesh, the only survivor, lost his brother and is undergoing psychiatric treatment for nightmares and insomnia. He may never fly again. Families of victims demand accountability as a preliminary report suggests fuel-control switches malfunctioned. Vishwash's physical injuries have healed.
Aditya Birla Capital's share price has surged by 72% in the last 6 months, with Motilal Oswal reiterating a 'Buy' rating and a target price of Rs 340 per share. The company's core businesses, including NBFC, HFC, AMC, and life and health insurance, have shown strong growth and profitability.
"Aryan Khan's directorial debut, "Ba***ds of Bollywood," is now available on Netflix. The series follows an ambitious newcomer in the cutthroat world of Bollywood, with cameos from stars like Shah Rukh Khan, Salman Khan, and Aamir Khan. The seven-episode series tackles themes of nepotism, leaked videos, and heartbreaks, but will it be a hit with audiences?
Spinny, a leading used car platform, has lowered prices on its inventory in preparation for the new GST rates for new cars. Used car prices will remain the same, but Spinny is ensuring fairness by passing on benefits to customers. The new GST structure has made cars more affordable, with small cars now 5-13% cheaper and luxury cars facing a flat 40% tax instead of 50%.
Tata Group may sell its stake in the iconic luxury hotel, the Pierre Hotel, in New York for $2 billion. Potential buyers include the Sultan of Brunei and a Saudi businessman. The hotel, managed by Taj Hotels since 2005, has been damaged over time and the board is in talks to sell it. However, there is conflict as Taj is not willing to invest more money for renovations.
Markets stay steady, Nifty 50 just below the 25,400 mark, Sensex up 170 points. Tech stocks see strong buying after the US Fed's rate cut. LTIMindtree tops IT sector stocks, HDFC Life Insurance and LIC Housing Finance also gain. Page Industries' share price slips after HSBC cuts rating to 'Reduce'. Poonawalla Fincorp's share price jumps 12% after promoters complete Rs 1,500 crore fund infusion.
The India-Pakistan T20 match at the 2025 Asia Cup faced delay due to a dispute over the match referee's alleged ban on handshakes between captains. PCB demanded the referee's removal, but the ICC rejected their claims. The incident highlights the tense relationship between the two countries, with calls to keep politics out of sports and focus on cricket.
India's IPO market is thriving, with new offerings set to add $1.3 - 1.5 trillion in market capitalisation over the next 7-10 years. Domestic investors now play a major role, contributing 55-60% of anchor book allocations compared to 40-45% from foreign investors. SEBI's increase in reservation for life insurers and pension funds has also boosted the market.
Saatvik Green Energy, a solar module manufacturer, is launching a Rs 900 crore IPO on September 19 with a price band of Rs 442-465 per share. The offer includes fresh equity and an offer for sale by promoters. GMP trend suggests a listing price of Rs 543 and retail investors need Rs 14,880 to apply for one lot of 32 shares.
ABC has cancelled Jimmy Kimmel's late-night show indefinitely after he made insensitive comments about Charlie Kirk's death. The Sinclair group wants Kimmel to apologize and donate to the Kirk family, while President Trump is celebrating the decision. The hashtag #BoycottABC is trending on social media as some support Kimmel while others criticize his past comments.
The NCR will soon have a new international airport at Jewar, UP, set to open on October 30. The airport will operate under a PPP model and is expected to cater to major air traffic in the region. Airlines are already planning to connect 10 cities in the first phase, with talks ongoing with IndiGo.
On September 9, Trump supporter and social activist Charlie Kirk was fatally shot in Utah during a public appearance. The suspect, Tyler Robinson, was arrested and charged with murder, leading to heightened security measures such as a suicide watch and an anti-suicide smock. Robinson allegedly left a note confessing to the crime and revealed Robinson's motive for the murder.
Deepika Padukone has left the sequel to Kalki 2898 AD, a blockbuster film that made over Rs 1000 crore. Her decision is surrounded by speculation of a rift with director Sandeep Reddy Vanga and her demands for a large fee and profit share. This comes after her departure from 'Spirit' due to a high fee and language difficulties.
Rahul Gandhi has accused Chief Election Commissioner Gyanesh Kumar of shielding those responsible for "vote chori" and undermining Indian democracy. He presented evidence of systematic electoral fraud, including mass voter deletions targeting Dalits, Adivasis, and OBCs. He outlined five charges against the CEC, demanding transparency and accountability.
Panasonic is working on a new, high-capacity battery that could increase the driving range of Tesla's Model Y by 90 miles. The company plans to remove the anode during production, making room for more active cathode materials and potentially reducing the use of expensive nickel. This technology is being pursued by other battery producers worldwide.
Ivalue Infosolutions IPO, worth Rs 560.29 crore, is available for bidding from Sept 18-22 as an offer for sale of 1.87 crore shares priced at Rs 284-299 each. The grey market is trading at a 7.7% premium. Allotment is on Sept 23 and listing on Sept 25. The company offers technology services for digital transformation.
President Trump has given a list of 23 countries, including China, Afghanistan, India, and Pakistan, to Congress, urging them to improve their efforts against drug production and trafficking. However, the State Department clarifies that being on the list does not necessarily mean a country is not doing enough. Trump specifically called out China and Afghanistan for their roles in drug production.
Finance Minister Nirmala Sitharaman urges India Inc to invest and expand capacities, while partnering with the government in skilling youth. She highlights government's delivery on industry expectations, including ease of doing business, tax reforms, and opening up FDI. Tata Sons chairman N Chandrasekaran acknowledges opportunities provided by the government
Tata Altroz, launched in May, receives 5-star safety rating in both Adult and Child Occupancy at Bharat NCAP. Scoring high in AOP and COP, it is deemed the safest hatchback in India. Equipped with advanced features like six airbags, ESP, and ISOFIX child seat, Altroz continues to set top-notch safety standards.
Kerala High Court orders vigilance inquiry into missing gold from Sabarimala temple, expresses concern over grave irregularities. 4 kg of gold missing from copper plates covering Dwarapalaka idols, weight dropped significantly during re-plating. TDB failed to report discrepancy, court orders comprehensive investigation and full cooperation.
Ducati has announced a recall for the Panigale V4 and Streetfighter V4 in India due to a defective rear axle. This is part of a global recall affecting 393 units of the two motorcycles manufactured between 2018-2024 (Panigale V4) and 2018-2025 (Streetfighter V4). The issue was first reported in 2023 when a rear axle broke while a motorcycle was running.
Genetic testing is becoming more accessible and affordable, with basic tests costing as low as Rs 5,000-Rs 6,000 and comprehensive sequencing for Rs 12,000 to Rs 50,000. This valuable tool helps individuals and their future children manage health risks. By 2030, the market for genetic testing in India is expected to reach $1.7 billion due to technological advancements and increased awareness.
RailTel Corporation of India has recently experienced a surge in stock price and new order wins, particularly from the Bihar Education Project Council. The company's net profit has also increased by 36%. Overall, RailTel Corporation has delivered a 17.5% return since September, making it a promising investment opportunity.
The demerger process of Vedanta at NCLT is facing obstacles as the Ministry of Petroleum and Natural Gas raises concerns about misrepresentation of assets and lack of disclosure of loans. The Ministry is seeking transparency and detailed disclosures, but is not opposing the demerger itself. Vedanta's legal team argues that they have fulfilled all disclosure requirements.
ABC suspends Jimmy Kimmel Live! for insensitive comments about Charlie Kirk's death. Sinclair's ABC to air special honoring Kirk in same time slot. Kimmel's remarks deemed inappropriate, show pulled from 32 affiliates. Kimmel takes jab at Trump and other political figures, Trump celebrates suspension and calls Kimmel "zero talent" and accuses him of spreading fake news.
Yes Bank's share price has been in focus as SBI sells stake to Japan's SMBC, making it the biggest cross-border divestment in India's banking sector. SMBC is nearing the RBI-approved limit of 24.99% shareholding and Indian banks like Bandhan Bank and Federal Bank have also reduced their exposure to Yes Bank.
A cloudburst in Chamoli district of Uttarakhand has caused significant damage, with six houses buried under debris and 10 people missing. Rescue and relief operations are underway, with the names of the missing persons released. The disaster follows days of extreme rainfall in the state, which has already claimed 15 lives and left 16 missing.
Startups and industry representatives have requested an independent and transparent market study on the Digital Competition Bill from the finance minister. They recommend clear objectives and expert input from domestic and global institutions. Startups also want relaxed criteria for the selection of the market study agency to include a diverse range of institutions.
Indian equity indices opened higher for the third consecutive session due to the US Fed rate cut. The NSE Nifty 50 and BSE Sensex opened higher, along with Bank Nifty, small and midcap stocks. The Fed chief described the rate cut as a “risk management cut” due to economic uncertainty. The Indian stock market is expected to remain bullish due to earnings revival.
President Trump plans to label antifa, a far-left militant group, as a “major terrorist organization” on social media. However, the group is not a single entity and is composed of different groups that oppose fascists and neo-Nazis. It remains uncertain how the administration will classify this decentralized movement.
President Trump and King Charles III hosted a state banquet at Windsor Castle, UK, with powerful names in technology and finance in attendance. The dinner resulted in £150 billion in fresh US commitments, with companies like Blackstone and Microsoft pledging billions towards UK infrastructure.
The Euro Pratik Sales IPO is set to close today after a three-day subscription window, with strong demand from investors. Bids for over 10.32 crore shares have been received, against just 1.23 crore shares on offer. The grey market trend indicates a 2% premium for the shares, currently trading at Rs 252 per share.
Amazon's Indian marketplace, Amazon Seller Services, has achieved operational profitability for the first time in its 12-year history in the country. Its Ebitda reached Rs 2,770 crore while losses narrowed by 89%. Revenue rose by 18.6%, and cash flow from operations surged to Rs 4,942 crore.
HMIL and its employees' union have agreed on a wage settlement for a salary increase of ?31,000 per month over three years. The hike will be distributed in a 55%, 25%, and 20% ratio, with a focus on employee welfare through health coverage and wellness programs. The agreement, based on trust and respect, highlights their dedication to a progressive workplace.
During Trump's state visit to London, a Spirit Airlines jet almost collided with Air Force One, causing concern online. Recordings showed a controller urgently instructing the pilots to change course and criticizing their use of an iPad. Despite this, Trump safely arrived for meetings and potential investments in UK technology infrastructure.
Peak XV Partners, a venture capital firm spun out of Sequoia Capital, is expecting profitable public market debuts from its investments in Groww, Pine Labs, Wakefit, and Meesho. As its largest shareholder, Peak XV plans to sell shares in these companies, with potential returns up to 11.5 times higher than other early investors. Despite changes, the firm is poised to benefit from upcoming IPOs.
The EU has agreed to adjust the carbon price paid by Indian exporters under the CBAM and simplify rules for small businesses. The CBAM will start collecting tax in 2026 and the EU will share lessons on emissions trading with India. The agenda also includes initiatives for skills mobility, tech cooperation, decarbonisation, and strengthening regional connectivity.
The Federal Reserve has cut interest rates for the first time since December, in response to concerns about unemployment and weakness in the labor market. This decision, supported by new Fed Governor Stephen Miran, aligns with President Trump's wishes. Fed Chair Jerome Powell expressed concerns about balancing inflation and maximum employment.
Three law enforcement officers were killed and two were critically injured in a shooting in Codorus Township, Pennsylvania. The officers were investigating a domestic-related incident when they were shot. The suspect was also killed by police. Governor Josh Shapiro expressed his condolences and requested prayers for the victims' families.
ABC has suspended Jimmy Kimmel's show indefinitely following his controversial comments about the killing of Charlie Kirk. Nexstar, the network's affiliate, will pre-empt the show due to Kimmel's offensive remarks. Kimmel's spokesperson has not yet responded. This raises questions about the impact of political views in the entertainment industry.
India's agricultural and processed food exports have grown by 10% this year, with rice, buffalo meat, fruits, and vegetables leading the surge. Despite US tariff concerns, rice exports are expected to rise as global buyers turn to India. The government has also lifted restrictions on rice shipments, boosting export prospects for all food products.
The CAG of India is organizing a conference with state finance secretaries to discuss reporting framework for centrally sponsored schemes and state PSUs, and launch the 'CAG-Connect Portal' for digital interface. They will also focus on using AI and remote auditing for better efficiency, consistency, and strengthening auditing of state public sector entities and autonomous bodies.
Groww, a fintech platform based in Bengaluru, is moving back to India from the US and is set to become the first major Indian startup to list domestically. Its upcoming Rs 7,000-crore IPO is expected to bring high returns to investors. The company has paid $159 million in taxes to US authorities, resulting in significant exits for foreign firms that invested in the company, such as Y Combinator.
Urban Company's shares debuted strongly on the bourses, opening at a 57.5% premium over the IPO price of Rs 103. The stock settled at Rs 169 on the NSE, with a market capitalisation of Rs 24,267 crore. The IPO was subscribed 108.98 times and raised Rs 1,900 crore.
The road from Dehradun to Mussoorie has been closed for two days due to cloudbursts and heavy rain, leaving 2,500 tourists stranded. 13 deaths have been reported and an alternative route is being constructed. Hotel owners are offering free one-night stays to stranded tourists. The road is expected to open for light vehicles by Wednesday night, allowing tourists to resume their travels.
The Indian government is actively seeking international technology partnerships to develop geothermal energy projects. Multiple foreign companies, such as those from the US, Norway, and Iceland, have started pilot studies. A national policy has been established and potential funding options may be available.
SEBI may ease regulations for currency derivatives trade to facilitate complete hedge of commodity prices. Anup Gupta, chairman of BSE Brokers' Forum, highlighted the gap in hedging at the MCX event and proposed using price structures from exchanges like CME and LME. This gap has led to a sharp drop in volumes and industry experts are urging for a regulatory review to enable complete hedging.
Chinese authorities have indicated easing restrictions on rare earth magnet exports to India, but no actual shipments have been made, causing supply chain disruptions for auto and component manufacturers. Companies have reached out to government and industry bodies for help, but no progress has been made.