The relationship between Trump and Musk has soured, with Musk publicly criticizing Trump's policies and claiming credit for his election win. Trump responded by calling Musk disloyal and hinting at personal motives. The once-close alliance has quickly turned into a bitter feud.
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.
Jio BlackRock MF's CIO Rishi Kohli predicts strong results for their first active NFO, utilizing new channels like their website and digital partners. Despite market consolidation, flow impact is low. Fund managers face alpha creation challenges, but technology and data offer new sources. SIFs provide tax efficiency but pose challenges.
India joins the league of nations capable of launching missiles from rail network as it successfully test-fires Agni-Prime with 2,000 km range. Defence Minister Rajnath Singh announced the achievement by DRDO and SFC, highlighting its ability to deploy the missile across the country. The launch was tracked by ground stations and will pave the way for future operations.
Ashok Leyland, a top commercial vehicle maker, will launch hydrogen-powered trucks by 2027. Hydrogen, a clean and efficient fuel, is used in fuel cells to power vehicles. With India's goal of achieving net-zero emissions by 2070, hydrogen is a promising alternative due to its clean reputation and high energy efficiency.
Billie Eilish's "Hit Me Hard And Soft: The Tour" is her seventh headlining concert tour promoting her third album. The tour originally had 81 dates but has recently added shows in Japan and a second North American run. Fans can still purchase tickets through Ticketmaster's Face Value Exchange to prevent ticket scalping.
Ducati has launched the latest version of its flagship road-legal performance motorcycle, the Panigale V4 R, which boasts of mechanical upgrades from the MotoGP and World Superbike Championships. The bike will be available in India early next year and has been co-developed with Ducati Corse. It features Corner Sidepods, a dynamic front air intake, and a fairing with larger wings.
Nomura maintains a 'Neutral' rating on Glenmark Pharma with a target price of Rs 1,500, implying a downside of 25.7%. Glenmark announces an in-licensing agreement with Hengrui Pharma for an oncology ADC drug. Nomura explains Glenmark's strategy of building a branded, patented drug portfolio through in-licensing. Expectations for Trastuzumab Rezetecan launch in FY29 with peak sales of $250 million.
Two brokerages have released conflicting recommendations on Sun Pharma's stock. Jefferies is bullish, predicting a 26% upside due to growth potential in India and specialty businesses. Nuvama takes a cautious stance, highlighting concerns about flat productivity and competition.
Indian oil refiners are ramping up their petroleum exports, aided by higher crude processing capacity and a rise in domestic ethanol blending. This will fulfill Europe's winter heating oil needs and boost India's refining margins. However, the US has accused India of benefiting from cheaper Russian oil, leading to trade tensions. Gasoline and gasoil exports are also set to reach record levels
AI is transforming cardiology by detecting heart disease early, standardizing imaging, and predicting future risk. Wearable tech and remote monitoring powered by AI make prevention easier. However, challenges like regulatory approval and limited access hinder AI's adoption in healthcare. With proper safeguards and wider access, AI could shift focus from treatment to prevention of heart disease.
Larsen & Toubro's share price has seen a 6% surge in the last 6 months, thanks to its strategic partnership with BEL. Motilal Oswal, a leading domestic brokerage house, has reiterated a buy rating for the company with a target price of Rs 4,300 per share, expecting a 17% upside in the next 12 months.
Indian court rejects X's censorship claims against content removal mechanism, says platform must follow local laws. X-owner Elon Musk, a free-speech absolutist, clashed with authorities over compliance and content takedown demands. Modi government ramped up internet policing since 2023, allowing officials to file takedown orders.
iValue Infosolutions, a technology company, went public with its shares listed at a 5% discount after its IPO allotment on September 23. The stock opened at a lower price than its issue price on both the NSE and BSE. The IPO, open from September 18-22, was subscribed 1.82 times through an offer-for-sale.
The US Treasury Department has sanctioned two Indian nationals and an online pharmacy for selling counterfeit prescription pills containing fentanyl to American customers. The individuals, Sadiq Abbas Habib Sayyed and Khizar Mohammad Iqbal Shaikh, and Shaikh's company, KS International Traders, were named by the Office of Foreign Assets Control (OFAC).
Indian equity indices opened lower on Thursday, with the NSE Nifty 50 and BSE Sensex both down by 0.09% and 0.14% respectively. The Bank Nifty also opened lower by 0.15%. Small and midcap stocks also saw a decline, with the Nifty Midcap falling by 0.02%. Technical charts indicate a weak market, with a possible decline to 24,925-24,850.
LIC Mutual Fund's Pocket SIP accounts have experienced a remarkable 300% growth since its launch, attracting first-time earners, millennials, and Gen Z investors. The AUM of Pocket SIPs has surged from 350 to 1.11 lakh, with 10,000 new accounts added monthly. Overall, LIC MF's AUM has risen by 160%, reaching ₹44,000 crore. The company aims to double its monthly SIP to continue this growth trend.
The Indian IT industry has decreased its use of H-1B visas by 60% and is ready for any immigration uncertainties. To compensate, they are hiring and training local talent, establishing near-shore centers, and utilizing AI and automation for global services. This shift could position India as a leader in the global tech industry.
A 29-year-old man, Joshua Jahn, was identified as the suspect in the Dallas ICE facility shooting, where he allegedly killed one and injured two other migrant detainees. He was found dead with "ANTI-ICE" written on a shell casing.
United States Energy Secretary Chris Wright, on Wednesday, expressed strong admiration for India and said that the United States is keen to expand energy cooperation with New Delhi.
A 6.2 magnitude earthquake struck Venezuela on Thursday, with its epicentre located at a latitude of 9.87deg North and a longitude of 70.82deg West. The tremor had a depth of 10 kilometres. The National Centre for Seismology recorded the earthquake at 03:51:55 IST and there have been no reports of damage or casualties.
Poor posture can cause back pain, hinder blood circulation and glucose transport, and increase the risk of insulin resistance. Slouching can elevate cortisol production, linked to insulin resistance. Reasons for slouching include technology use and heavy items. It can weaken back muscles and lead to high blood sugar levels.
Donald Trump has found a new way to poke fun at Joe Biden. In his freshly unveiled “Presidential Walk of Fame” at the White House, every former president got a gold-framed portrait, except Joe Biden, whose spot was filled with a photo of his autopen signature.
President Trump will sign an executive order to dismantle "domestic terrorism networks" allegedly funded by left-wing groups. This comes after his crackdown on illegal immigration and claims that the suspect in a conservative activist's assassination was part of a coordinated left-wing movement.
Adani Airport Holdings has signed an MoU with Wadhwa Group to lease 405 apartments in Panvel for NMIAL staff and their families. The deal, worth Rs 350 crore, will provide one, one-and-half, and two bedroom apartments. The Navi Mumbai International Airport, launching on September 30, will handle 20 million passengers in the first phase and eventually reach a capacity of 90 million.
The US Commerce Department has launched a new investigation under Section 232 of the Trade Expansion Act, focusing on imports of robotics, medical equipment, and industrial machinery. Companies are being asked to provide information on demand and domestic production capabilities.
Key companies and developments in focus on Thursday's trade include capital infusions, block deals, mergers and acquisitions. Tata Steel injects fresh capital into TSHP, Waaree Energies infuses Rs 300 crore into subsidiary WESSPL, Akzo Nobel India sees significant block deal, Glenmark Pharma enters collaboration agreement with Hengrui Pharma, and more.
Billionbrains Garage Ventures, the parent company of Groww, has received SEBI approval for an IPO in the Indian market. The timeline is not yet confirmed, but the company is valued at $7-8 billion and aims to raise $700 million to $1 billion. Groww, an online stock broking firm, offers a range of financial services including stock trading, IPO bidding, and personal loans.
Investors in Walt Disney have requested documents regarding the suspension of Jimmy Kimmel's show, citing potential wrongdoing and breaches by the Disney board and leadership. The demand was made by groups such as the American Federation of Teachers and AFL-CIO, who have threatened legal action if the information is not provided within five days.
President Trump faced multiple technical issues during his appearance at the UN, including an escalator malfunction, teleprompter failure, and sound problems. He demanded an investigation and called for the arrest of those responsible. The UN clarified that the escalator's safety mechanism was triggered and the teleprompter was operated by the White House.
Amit Shah, Union Home and Cooperation Minister, to be Chief Guest at FE Best Banks Awards in Mumbai. Maharashtra CM Devendra Fadnavis to attend. Shah's leadership and political expertise have made India a top business destination. He will present awards to best lending institutions and outstanding individuals.