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GLOBAL NEWS | Wed, 16 Sep 2026, 3:47AM IST At an event in Washington, partisanship took a back seat as elected officials, religious leaders, parents and artists called for reining in artificial intelligence.

Continue reading at The New York Times

1h

GLOBAL NEWS | Wed, 16 Sep 2026, 2:25AM IST Just under 8 million people watched Sundays season premiere, down 21 percent from last year. Viewership for the N.F.L. lead-in fell by about the same.

Continue reading at The New York Times

2h

INDIA MARKET | Wed, 16 Sep 2026, 1:47AM IST US stocks fell as rising oil prices and Treasury yields added pressure to markets ahead of the Federal Reserves expected rate hike. Brent crude climbed to $109.35 a barrel, while the 10-year Treasury yield crossed 5%, raising concerns over inflation, borrowing costs and stretched stock valuations.

Continue reading at Economic Times

3h

GLOBAL NEWS | Wed, 16 Sep 2026, 1:44AM IST At an event in Washington, partisanship took a back seat as elected officials, religious leaders, parents and artists called for reining in artificial intelligence.

Continue reading at The New York Times

3h

GLOBAL NEWS | Wed, 16 Sep 2026, 1:30AM IST The 10-year Treasury yield breached levels last seen in 2007, with intensifying worries about energy-driven inflation contributing to bond investors angst.

Continue reading at The New York Times

3h

GLOBAL NEWS | Wed, 16 Sep 2026, 1:25AM IST The fuel poured from a storage tank at a large data center in Secaucus, N.J., into a tributary of the Hackensack River.

Continue reading at The New York Times

3h

INDIA BUSINESS | Wed, 16 Sep 2026, 1:02AM IST Consumer watchdog investigates Apple for potential iOS 18 user rights violations. This probe follows numerous complaints regarding device malfunctions after the software update. The authority also imposed a significant penalty on ride-hailing platform Rapido. Rapido was fined for employing misleading interface designs and dark patterns. These practices were found to steer customers towards higher payments for rides.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 16 Sep 2026, 12:57AM IST Entry-level smartphones with 2GB or 3GB RAM are making a comeback. Brands like Itel and Lava are targeting this segment with new models. Major brands have shifted focus to premium phones, leaving a market gap. Shipments in this segment have significantly declined due to rising costs. However, demand for budget phones remains strong, especially in smaller towns.

Continue reading at Economic Times

4h

INDIA NEWS | Wed, 16 Sep 2026, 12:57AM IST New Delhi: Smartphones with 2GB or 3GB RAM, along with 4G support, are making a comeback through brands such as Itel and Lava though the larger industry has moved away from entry-level specifications citing poor user experience.This, industry executives said, is a means to capture the entry-level segment that is increasingly being vacated by the major brands as they move up to premium pastures, chasing higher profits. Most of these models are priced under 10,000, a price segment that has become difficult for brands to cater to due to rising memory and chipset costs.Also read: Apple's surprise price twist for old iPhone models exposes smartphone price pain134272662"Shipments in this segment fell 74.3% YoY in Q2 2026, with its share of the market shrinking from 15.6% to just 4.5%, reinforcing that the entry-level tier is fast becoming commercially unviable under the current cost environment," research firm IDC said.Flipkart and Amazon are also selling entry-level phones from little known brands like Siavantage, Oneme and Zeno that sport iPhone-like designs, but pack entry-level hardware."The last 2GB RAM phone was launched back in 2023 that too to keep the price under 6,000. Now, you can see 2GB and 3GB RAM phones selling for 8,000-9,000. These are coming back because a lot of brands are not getting enough supplies and have to rely on smaller RAM chips to continue operating," an industry executive from a smartphone brand said on condition of anonymity.The executive added that more models with such entry-level hardware are expected to flood the market ahead of the festive season, to cater to the latent demand that is still there for budget phones. Itel announced a handset earlier this year with 2GB RAM and 64GB storage, while Lava has an entry-level 4G handset with 3GB RAM and 64GB storage.Industry experts said most smartphone brands have effectively abandoned launching models with such low-end hardware with the Android operating system becoming more demanding. That said, Google too announced support for a version of Gemini that can work with 2GB RAM earlier this year, indicating that such hardware specifications are making a comeback."Most brands have crossed the 30,000 price segment this year even with hardware they were selling for much less last year. But the market for such high-end models is only around 30 million, whereas demand for sub 10,000 phones is still strong, well over 40-50 million, especially in smaller towns," another industry veteran said.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 16 Sep 2026, 12:52AM IST Air India's board met to discuss operational priorities and remuneration for incoming CEO Tewolde Gebremariam. Outgoing CEO Campbell Wilson presented the airline's current operational position and progress made. Chairman N Chandrasekaran outlined expectations for the new leadership's focus on reliability and execution. Gebremariam will now lead the airline's demanding turnaround stage and integration efforts. The board also acknowledged Wilson's contributions to Air India's transformational journey.

Continue reading at Economic Times

4h

GLOBAL NEWS | Wed, 16 Sep 2026, 12:42AM IST The landmark legislation, known as the Clarity Act, stalled in the Senate as Democrats raised concerns about President Trumps personal investments in crypto.

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4h

INDIA NEWS | Wed, 16 Sep 2026, 12:37AM IST New Delhi: Rejecting former National Stock Exchange (NSE) managing director and CEO Chitra Ramkrishna's appeal, the Supreme Court on Tuesday paved the way for a Delhi court to proceed with the co-location case against her under the Prevention of Corruption Act, 1988.Upholding the Delhi High Court's July 9 decision that ruled against Ramkrishna, a bench of Justices JB Pardiwala and K Vinod Chandran said that the high court had committed no error in its judgment. "The petitioner (Ramkrishna) was the MD and CEO of NSE. The argument is that NSE being a private, or non-government company, it cannot be said that the petitioner was discharging a public duty. We are of the view that this point can be raised in the course of the trial. Let this issue be decided by the trial court on its own merits."While rejecting her petition challenging the definitions of 'public duty' and 'public servant' under the PC Act, the HC in July had said that the exchange performs a public duty and Ramkrishna, holding the office of the MD and CEO, cannot be wholly separated from the functions performed by the NSE and, therefore, equally performs a function and duty in which the public at large is invested. The HC had also rejected Ramkrishna's plea challenging the sanction order issued by the exchange's board to the Central Bureau of Investigation to prosecute her in the co-location case under the PC Act.Ramkrishna had submitted that the definitions of public duty and public servant were too expansive and had been enlarged to charge people who were not public servants but privately employed people like her. NSE is a company registered under the Companies Act and yet she had been categorised as a public servant, she argued.Ramkrishna, who headed the NSE between 2013 and 2016, has been charged with illegal gratification through abuse of position and criminal conspiracy, among other offences. The irregularities in the case had purportedly taken place between 2010 and 2014. In April 2022, the CBI framed charges against Ramkrishna under Sections of 13(1)(d) and 13(2) of the Prevention of Corruption Act, and 120(b) of the Indian Penal Code.While Section 13(1)(d) of the prevention of corruption law deals with illegal enrichment by a public servant through abuse of her authority, Section 13 (2) says that an official can be sentenced up to seven years for such an offence.The NSE co-location case is related to the alleged improper dissemination of information from computer servers of the exchange to stockbrokers. The agency had alleged that Ramkrishna had granted selected stockbrokers access to sensitive market data, and that data centre staff of the exchange passed on information to unauthorised people at the time when servers of the exchange were switched on.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 16 Sep 2026, 12:34AM IST Bharat Heavy Electricals Limited is pursuing coal gasification and coal-to-chemicals opportunities. The company expects progress in hydro power and pumped-storage projects this fiscal year. This strategic shift follows a recent assessment regarding its Maharatna company status. BHEL holds a substantial executable order book, with thermal business as its main anchor. The firm aims to build growth in non-thermal sectors as the power industry evolves.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 16 Sep 2026, 12:31AM IST Hindustan Coca-Cola Beverages is set to invest over Rs 1000 crore in Andhra Pradesh, focusing on enhancing beverage production. A new manufacturing unit will be built in Vizianagaram, complementing the expansion of an existing facility. This strategic move, sanctioned by the State Investment Promotion Committee, aims to meet the increasing demand for beverages across southern India.

Continue reading at Economic Times

4h

GLOBAL NEWS | Wed, 16 Sep 2026, 12:31AM IST Median household income rose to a record $87,460 in 2025, according to annual Census Bureau data on the financial well-being of Americans.

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4h

INDIA BUSINESS | Wed, 16 Sep 2026, 12:25AM IST Artificial intelligence is revolutionizing the landscape of entertainment production, offering creators remarkable cost savings. Smaller production companies can now bring projects to life while maintaining their intellectual property rights. With generative AI at the forefront, content creation in areas like audio and microdramas is already gaining momentum. This shift is predicted to ripple across film and high-quality scripted series, leading to significant growth in innovation and content output.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 16 Sep 2026, 12:25AM IST Flipkart plans to hire over 250,000 workers for the upcoming festive season. This significant recruitment drive will increase last-mile delivery positions by 60 percent. Approximately 75,000 new workers will be entering the workforce for the first time. The company is expanding its delivery network with new hubs and employment opportunities. This expansion aims to meet rising customer demand during the Big Billion Days event.

Continue reading at Economic Times

4h

INDIA NEWS | Wed, 16 Sep 2026, 12:12AM IST New Delhi: The Bharatiya Mazdoor Sangh (BMS), an affiliate of the RSS, demanded that the wage ceiling for mandatory Employees' Provident Fund coverage be doubled, arguing that the existing threshold failed to keep pace with rising wages and changing employment conditions.The trade union also sought an increase in the eligibility ceilings for Employees' State Insurance (ESI) and statutory bonus.Also read: EPFO launches WhatsApp channel for PF updates"The issue has been pursued through both dialogue and mass mobilisation," BMS in charge of finance sector Girish Arya told ET. "On August 17, we organised a nationwide agitation on various labour issues and have submitted a memorandum to the Prime Minister."The BMS said it has received assurances that the issue would be considered, but a concrete policy decision was still awaited.The demand comes as minimum wages have been revised across states and the government steps up efforts to formalise employment.When a worker crosses the wage limits for EPF and ESI, the person loses the coverage but still requires the benefits considering the rising cost, argues the BMS.For instance, the ESI benefit available till the person was getting up to 21,000 a month suddenly stops if the salary increases to 22,000, even though there is no major change in the income level, B Surendran, organising secretary of the BMS, told ET. "That's why we are demanding that the level for ESI coverage should be doubled to 42,000 per month of salary," he said. "State governments are doing it at the state level in several cases. But a central government policy is needed to protect the social security of the worker at a time when his financial needs are growing."The union said the existing EPF ceiling was fixed more than a decade ago when wages and living costs were substantially lower. Since then, state governments have progressively revised minimum wages to reflect changing economic conditions and the rising cost of living.

Continue reading at Economic Times

4h

INDIA MARKET | Wed, 16 Sep 2026, 12:05AM IST Oil prices jump more than $3 as Saudi Arabia suspends oil loadings at Yanbu and Libya halts output at three oil fields. Supply concerns deepen as traffic through the Strait of Hormuz falls, while attacks on energy infrastructure in Russia and Ukraine push US diesel futures to a more than four-year high.

Continue reading at Economic Times

4h

INDIA NEWS | Tue, 15 Sep 2026, 11:59PM IST The inbound shipments rose 17 per cent to USD 12.77 billion from China and by 65.78 per cent to USD 5.97 billion from the US, according to the ministry's data.

Continue reading at Business Standard

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