A man in his 40s, believed to be an Amazon employee, was brutally attacked in Dublin, Ireland, in a suspected racist hate crime. He was left partially stripped and bleeding with multiple wounds. The Indian Embassy has condemned the attack and is working with authorities. Eyewitnesses described the attack as a clear act of racism.
Indian techie Mohammed Nizamuddin was shot dead by police in Santa Clara, California after an altercation with his roommate. The police claim he was armed with a knife and ignored instructions to drop it, while the family alleges mishandling of the situation. The incident has sparked concerns over the treatment of foreign nationals by US law enforcement.
Euro Pratik Sales IPO allotment finalised today, listing on September 23. Price band set at Rs 235-Rs 247 per share, issue subscribed 1.14 times. Check allotment status via BSE, NSE, or the registrar's website using the application number or PAN. Mild response from investors, grey market premium at 0.40%. Managed by Axis Capital, listing on NSE and BSE on September 23.
Adani Green's stocks surge 2-10% after Jefferies upgrades with a Buy recommendation and Rs 1,300 target. Capacity expansion on track for 50 GW target by 2030, with promoter fund infusion expected to reduce net debt. Steady cash flow from long-term PPAs boosts confidence in balance sheet.
CFMoto, a Chinese two-wheeler company, was set to re-enter the Indian market with their new motorcycle lineup. The launch has been postponed due to the unavailability of E20 fuel in India, leading to adjustments in certain parts to meet fuel regulations. The 450MT adventure bike will rival KTM 390 Adventure, Royal Enfield Himalayan, and BMW F 450 GS. Its success is highly anticipated.
Disney and Sinclair have suspended Jimmy Kimmel's late-night show indefinitely following criticism for his comments about Trump supporter Charlie Kirk's death. Disney executives will meet with Kimmel to discuss the show's future, while Sinclair plans to replace it with a special about Kirk. Despite Sinclair's call for an apology, Disney has not asked Kimmel to do so.
Indian software professional Mohammed Nizamuddin was fatally shot by police in California after allegedly stabbing his roommate. He had a successful career in the technology sector and moved to the US in 2016. His family is demanding a transparent investigation into his death, as his social media posts suggest he faced discrimination and harassment while working abroad.
India, represented by Minister Jyotiraditya Scindia, was re-elected at the 28th Universal Postal Union Congress in Dubai. The country's innovative postal solutions and growing global leadership were recognised, with a focus on financial inclusion and sustainability. The unveiling of the UPI-UPU Integration project will benefit millions of households and boost the economy.
Sebi clears Adani Group of all accusations raised by Hindenburg Research, stating no evidence of insider trading, market manipulation, or diversion of funds. Adani Group's chairman calls the claims baseless and has demanded an apology from those who spread "false narratives," which in turn cost the investors who lost money.
Adani Group stocks, including Adani Enterprises, Adani Power, and Adani Green Energy, gained 2-5% after SEBI dismissed stock manipulation allegations by Hindenburg Research. The decision, following an investigation, could impact trading sentiment for the group's flagship companies, which have been volatile since January 2023. SEBI found no evidence of insider trading or market manipulation.
Indian indices opened Friday's session on a muted note with a negative bias. While the Nifty 50 and Sensex opened lower, small and midcap stocks opened higher. Early gainers include Adani Enterprises and Ports, while laggards include Mahindra & Mahindra and Bajaj Auto.
The ICC has reprimanded the PCB for breaking tournament rules during the Asia Cup match against UAE. The PCB has received a stern email and is facing possible disciplinary action for misconduct and repeated protocol breaches. The dispute was sparked by the PCB's accusations against match referee Andy Pycrott for mishandling the 'no handshake' incident and allowing filming in the PMOA.
The US government has invested $8.9 billion in Intel Corporation, purchasing a 9.9% stake to strengthen domestic semiconductor production and secure supply chains for economic competitiveness and national security. The investment is funded by redirecting $5.7 billion in grants and $3.2 billion from a secure enclave program.
Federal judge blocks Trump administration from immediately deporting Guatemalan migrant children who came to the US alone, following Labor Day weekend attempt to remove them. Court rejects government's claim that parents wanted children returned home. Advocates argue children fleeing abuse and violence should not be sent back without proper legal procedures.
David Letterman criticizes ABC for suspending Jimmy Kimmel's show, calling it "ridiculous" and a sign of "managed media." The move came after criticism from the FCC and conservatives over Kimmel's comments about a conservative activist's assassination. Letterman defends satire's role and expresses concern over the fragility of press freedom.
Finance minister Nirmala Sitharaman encouraged corporates to utilize government policies and reforms to grow their businesses. She reaffirmed the government's dedication to reforms and addressing industry needs. Sitharaman stressed the importance of investment, youth skilling, and continuous collaboration with the government.
US President Donald Trump concluded his visit to the UK, facing a minor helicopter issue while leaving London. Trump expressed his close relationship with Indian PM Modi and his disappointment with Russian President Putin for not stopping the Ukraine war. He also claimed that the war would not have started if he was still in the White House.
A recent survey conducted by job platform Naukri reveals that maternity breaks and workplace bias are the biggest barriers to pay parity for women professionals in India. The IT sector has the widest pay disparity, according to the survey, with both men and women acknowledging this issue.
Anand Rathi Share & Stock Brokers sets IPO price band at Rs 393-414, valuing company at Rs 2,596 crore. Subscription opens on Tuesday and closes on Thursday. Co-founder Pradeep Gupta cites company growth and revenue stream balance as reasons for IPO. Proceeds to be used for working capital and margin trading funding. Gupta confident in GDP growth and Sebi rules' minimal impact.
India's top three cities, Mumbai, New Delhi, and Bengaluru, account for over 79% of the country's millionaire households. The increase in GDP and business formalization has driven this growth. However, the number of ultra-high-net-worth individuals is still low, with only a small percentage reaching the 100 crore and 200 crore club.
President Trump stated in an interview that the US would help secure peace once the war in Ukraine is settled. He expressed disappointment in Russian President Putin and acknowledged the difficulty in ending the conflict. Trump believes that one solution is for Europe to stop buying Russian oil, which would force Russia to settle. Previous attempts at a ceasefire deal have failed.
A powerful earthquake measuring 7.8 struck Russia's Kamchatka region, causing tsunami warnings and aftershocks. Despite waves reaching the shore, there were no reports of damage. Emergency services were placed on high alert, and a tsunami warning was issued for the eastern shore of the peninsula and parts of the Kuril island chain.
The Indian judiciary is making strides towards the Rs 7,210-crore eCourts project, with the Delhi High Court launching a mobile app and other initiatives. The project aims to create paperless, AI-driven courts across all district and high courts, but faces challenges that are causing delays. The focus is on decentralised execution, stakeholder collaboration, and global benchmarking.
Vikram Solar, a newly public company, is experiencing a high demand for its products, leading to a 10.96 GW order book. To meet this demand, the company plans to increase its manufacturing capacity four-fold by FY2027. The expansion will be funded by a mix of IPO proceeds, debt, and internal accruals.
SMBC has acquired a 20% stake in Yes Bank from State Bank of India and other banks, making it the largest shareholder. Two directors from SMBC have joined the board, subject to shareholder approval. This has resulted in a positive impact on ratings and governance, with the bank receiving an AA- rating from all four domestic credit rating agencies.
The Pension Fund Regulatory and Development Authority (PFRDA) has proposed major changes to the national pension system (NPS), including increasing the lump sum payout to 80% and reducing annuitisation to 20%. Private sector subscribers can now exit after 15 years and have expanded age limits and liquidity options.
Blue Energy Motors, supported by Essar and Iveco Group, has secured $30 million in funding, with Zerodha co-founder Nikhil Kamath among the investors. They have now raised a total of $50 million and are set to enter the electric truck market with production already underway.
The merger between WNS and Capgemini is set to be finalized by October with shareholder approval. No job cuts are expected, as the companies prioritize growth and upskilling. WNS is expanding its workforce and opening a new facility in Thane to consolidate its Mumbai workforce.
JK Tyre & Industries is anticipating significant growth this year thanks to increased demand following GST rate cuts. Managing Director Anshuman Singhania is optimistic about strong growth in the second half, with all sectors, including commercial vehicles, passenger cars, and farming, showing growth. The company is also adapting its export strategy to minimize the effects of US tariffs.
Maruti Suzuki's price cuts and GST rate reductions have led to the S-Presso becoming the most affordable car in India, overtaking the Alto. This move aims to boost demand in the entry-level segment, which has been affected by high prices. However, the offer is only temporary and industry bodies are working on addressing the issue of compensation cess.
The National Bank for Financing Infrastructure and Development has set a goal of achieving a book of Rs 5 lakh crore by FY30. MD Rajkiran Rai discusses the challenges of launching partial credit enhancement and expanding into advisory services. The bank plans to enter the overseas market and is in talks with multilaterals for partnerships.
Oil India has received a significant dividend of $942 million from its Russian assets, with expectations of full recovery in the near future. The company has also invested in a large LNG project in Mozambique and plans to implement multilateral drilling in Assam. Their goal is to achieve Rs 1 lakh crore annual revenue and produce 10 million metric tonnes of oil and gas by 2030.
SEBI chairperson Tuhin Kanta Pandey stressed the need to involve institutional and retail investors in broadening the investor base for infrastructure securities. He also recognized the Centre's asset monetization plan in developing the market for InVITs and urged for faster asset monetization.
SEBI dismisses Hindenburg's allegations of financial misconduct against Adani Group, finding no evidence of deliberate concealment or fraud. The order also states that all loans were repaid with interest and the expanded definition of related party transactions was not applicable during the investigation period. This decision gives confidence to global investors in the Adani Group.
The Indian government will implement the Promotion and Regulation of Online Gaming Act and Digital Personal Data Protection rules on October 1. This was announced by Electronics and IT Minister Ashwini Vaishnaw during a pre-event conference for the AI Impact Summit 2026. He highlighted the extensive stakeholder consultations that took place in finalizing these measures.
The government's food subsidy budget is expected to exceed by Rs 22,000 crore this year due to the high cost of holding surplus grains. The Food Corporation of India has revised its expenditure to Rs 1.65 lakh crore, resulting in a total subsidy burden of Rs 2.25 lakh crore, the highest in the past few years.
The recent GST rate cuts on ice-creams and shampoos have resulted in odd pricing on small packs, with popular products being revised to Rs 9 and Rs 1.77. Companies like Mother Dairy and P&G are directly reducing prices, while others like Parle Products and Britannia are considering increasing grammage. Experts warn of potential consequences of removing popular price points.
NaBFID introduced a partial credit enhancement product to enhance long-term capital access for infrastructure projects, reducing credit risks and increasing creditworthiness. The facility, launched by Department of Financial Services Secretary M Nagaraju, will offer a safety net for low-rated bonds and spread risk in the financial system.
Indian API companies are predicted to have steady financial performance in FY26 despite pricing pressures. They have improved gross margins by 100 basis points due to lower raw material prices and cost-saving measures. These companies are focusing on high-profit molecules and securing more supply deals in regulated markets.
Infra.Market, a building materials supplier, has received $83 million in funding from Silverline Homes, Tiger Global Management, and Zerodha co-founder Nikhil Kamath. The Mumbai-based startup is preparing for its public debut and has raised a total of $700 million in funding. In FY24, it reported a 144% increase in net profit and 23% growth in revenue, with 80% coming from B.
Despite lower government bond yields, corporate bond yields remain high due to supply problems and weak state government auctions. The spread between government and AAA corporate bonds is 70 basis points. State bond yields have dropped due to improved GST reforms and additional borrowing.
India and the UAE are finalizing the implementation of local currency trade and integration of payment systems. Boosting investment and trade beyond currency, the two nations discussed joint projects and potential areas of cooperation. The Joint Task Force, established in 2013, aims to strengthen economic ties and has set a target of $100 billion non-oil trade by 2030.
The EY India Corporate Treasury Survey 2025 shows that 50% of Indian corporate treasury teams prioritize automation. The report also emphasises the shift towards AI adoption, talent upskilling, and modular operating models for a digitally native future. AI is crucial in treasury evolution, with use cases in forex risk, trade finance, anomaly detection, and cash forecasting gaining momentum.
US and India are aiming for a trade agreement by November to potentially reduce the 25% tariff on Indian goods imposed by Trump, which could harm India's GDP and employment. However, Chief Economic Adviser Nageswaran is optimistic about finding a solution soon, as evident from recent conversations and a phone call between Trump and Modi, indicating a warming of US-Indian relations.
Ampere's new electric scooter, the Magnus Grand, is now available for Rs 89,999. It boasts a modern design, better ergonomics, and a digital console. The scooter runs on a 2.3 kWh battery and can travel up to 90 km. It also includes LED lights, two ride modes, and a USB charging port, making it a top choice for style, comfort, durability, and safety.
Bengaluru-based gaming firm Gameskraft announced the layoff of 120 employees due to the implementation of the Online Gaming Bill, 2025, which has banned real money gaming in India. CEO Prithvi Singh called it a difficult decision and assured affected employees of severance pay, health insurance, and outplacement support.
The Indian mutual fund industry is looking to introduce new passive products, including hybrid funds and commodity ETFs, with a focus on non-agricultural commodities. However, regulations may restrict product innovation. The Multi Commodity Exchange of India is working to increase participation in metal contracts and ETFs, pending regulatory approvals.
Vedanta Group is expanding its portfolio in transition metals, oil & gas, and critical minerals. They have secured mineral blocks in India and are a top producer of nickel. Their subsidiary, Hindustan Zinc, plans to double capacity and collaborate in zinc-based battery development. The company is also expanding internationally with a copper smelters
Denmark's stable economy, politically robust environment, and projected growth rates make it a top choice for millionaires. The real estate market, especially sustainable and smart properties, has attracted foreign investment. With a stable wealth management market and attractive entry points, Denmark is a desirable destination for millionaires seeking long-term investment opportunities.
André Corrêa do Lago, president of COP30, is hosting the conference in Belém, Brazil to address challenges faced by developing countries and the importance of preserving the Amazon. Topics such as climate finance, indigenous peoples, and collaboration between traditional knowledge and science will be discussed. Lago emphasizes the need for action and cooperation.
Tata Consultancy Services and Vodafone Idea have partnered to revamp the telecom company's business support system through AI technology. This five-year collaboration aims to improve customer experience and speed up the launch of new products and services. This highlights Vodafone Idea's commitment to AI-driven innovation and strengthening its digital infrastructure for 4G and 5G rollout