Financial foundation: Why insurance and emergency funds must precede stocks
INDIA BUSINESS | Sun, 27 Sep 2026, 2:00PM IST
Securing your income and emergency reserves ensures market volatility never threatens your essential financial stability
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ITC expands dairy business in East India, bets on value-added products
INDIA BUSINESS | Sun, 27 Sep 2026, 1:45PM IST
ITC is strengthening its presence in the fresh dairy segment in Eastern India through its flagship Aashirvaad brand, betting on rising demand for branded milk and value-added dairy products across Bihar, West Bengal and Jharkhand.
The diversified conglomerate, which entered the fresh dairy business in 2018 with the launch of Aashirvaad milk in Bihar and later expanded to West Bengal and Jharkhand, has emerged as the second-largest dairy player in Bihar with a lineup ranging from fresh milk to curd, paneer, lassi and Mishti Doi.
As part of its expansion strategy, ITC has tailored its dairy portfolio to regional tastes, local consumption patterns and evolving consumer preference for quality-assured dairy products.
When asked about expansion to other regions, Hemant Malik, Chief Executive Officer, Foods Division, and Executive Director, ITC, said Eastern India will remain a key focus market for the company's dairy expansion plans, which offers significant headroom for expansion.
"East
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Private sector capex projected to rise to 3.2 trn in FY27: RBI bulletin
INDIA MARKET | Sun, 27 Sep 2026, 1:41PM IST
The aggregate cost of projects hit a record 4.4 trillion in FY26, with infrastructure continuing to dominate the investment landscape
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SIR issue: Allegations and EC's responses
INDIA NEWS | Sun, 27 Sep 2026, 1:34PM IST
Amid the huge ongoing row over SIR and the role of the Election Commission, the poll regulator has moved to address a range of internal concerns over voter registration, electoral databases and the functioning of its technology systems.Chief Election Commissioner Gyanesh Kumar and Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi took several decisions on these matters at a meeting on September 26. The move followed reports that Sandhu and Joshi had raised objections on at least 14 occasions over 10 months to certain decisions and orders, including some they said had been issued without their knowledge.The Commissions decisions covered these broad areas:Form 6 changesForm 6 is used by individuals seeking enrolment as new voters. Joshi had questioned modifications to the form, arguing that the statutory format under the Registration of Electors Rules, 1960, could not be changed without altering the rules. Sandhu supported this position.An additional declaration linked to the Special Intensive Revision (SIR) was later incorporated into the online Form 6 on the ECINET platform, prompting another objection from Sandhu.Also read | Unanimous on SIR, EC eases voter hearings, enrolmentThe EC said the additional declaration had received the Supreme Courts approval. It requires applicants during SIR to provide details of their own, parents or grandparents entries in the electoral roll prepared during the previous SIR. The Commission said the provision was limited to SIR and that the standard forms under the 1960 rules would continue outside such exercises.Electoral roll database accessConcerns had also been raised about the centralised electoral roll database and the access available to statutory authorities in states.The EC said access to ECINET is assigned to field officials according to their statutory responsibilities. It has also decided to have the system reviewed by a committee headed by a senior deputy election commissioner, with an independent expert from an IIT or IIIT as a member.The committee will examine whether ECINET conforms to election laws and rules. Any additional access required by field officials will also be considered.The 97 Goa votersA separate issue involved 97 Goa voters who had been found eligible for inclusion after electoral registration officers examined cases flagged for logical discrepancies following a Supreme Court order.The software, according to the correspondence, did not provide a mechanism to record the officers decisions and restore the names. The EC said booth-level officers have now been asked to contact these voters. Of the 97, 81 have already submitted Form 6.Also read | Suvendu Adhikari blames Mamata for deletion of 27 lakh names in Bengal SIRDuring the ongoing SIR, BLOs will also collect documents from voters who receive notices over unmapped records or logical discrepancies and upload them on ECINET. Such voters will ordinarily not need to appear personally before an ERO or AERO.Commission communications and IT oversightSandhu and Joshi had also raised concerns about communications being issued in the Commissions name without the approval of all members.The latest press note said agendas for Commission meetings would be circulated beforehand and minutes would be issued. It also directed that instructions given by commissioners to EC officers be complied with.On the IT division, the EC said the disputed changes in work allocation were never implemented after the two commissioners intervened. It maintained that oversight by the deputy election commissioner over the IT division had not been withdrawn.Appeals over voter restorationQuestions had also been raised over appeals against the restoration of voters in West Bengal by judicial officers. The latest EC statement did not specifically address the issue.It said voters excluded during or after SIR could seek inclusion through continuous updation. Chief Electoral Officers, District Election Officers and EROs have also been asked to conduct a special enrolment drive for such electors.
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INDIA MARKET | Sun, 27 Sep 2026, 1:31PM IST
Praveen Jagwani advises investors to prioritize capital preservation over chasing high returns. Highlighting the need for extensive diversification among asset classes, he warns that a forthcoming Federal Reserve rate hike may influence Indian markets, impacting the rupee and foreign investments. He recommends focusing on quality equities, high-grade debt, and resilient assets to ensure portfolio sturdiness, especially amid a fluctuating global economic landscape.
Continue reading at Economic Times
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Axis Bank plans 12,500 campus hires, redeploys staff amid AI push
INDIA BUSINESS | Sun, 27 Sep 2026, 1:31PM IST
The bank plans to hire around 12,000-12,500 people from campuses in FY27, compared with 11,500-11,600 in FY26
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India gets first LNG powered train in Gujarat; check details, route and more
INDIA BUSINESS | Sun, 27 Sep 2026, 1:22PM IST
Amit Shah inaugurated India's first LNG-powered train at Ahmedabad's Sabarmati Railway Station, emphasizing environmental and safety benefits. He mentioned significant investment of Rs 1,472 crore in various railway projects. The minister noted a reduction in diesel consumption by Indian Railways from 293 crore liters to 108 crore liters over several years.
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India gets first LNG powered train in Gujarat; check details, technology and more
INDIA BUSINESS | Sun, 27 Sep 2026, 1:22PM IST
Amit Shah inaugurated India's first LNG-powered train at Ahmedabad's Sabarmati Railway Station, emphasizing environmental and safety benefits. He mentioned significant investment of Rs 1,472 crore in various railway projects. The minister noted a reduction in diesel consumption by Indian Railways from 293 crore liters to 108 crore liters over several years.
Continue reading at Economic Times
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LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member
INDIA BUSINESS | Sun, 27 Sep 2026, 1:03PM IST
Dinesh Pant has been appointed whole-time director, actuary, at Irdai, reducing the number of serving managing directors at LIC to two
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England vs Sri Lanka Live Streaming: When And Where To Watch ENG vs SL 3rd ODI
INDIA MARKET | Sun, 27 Sep 2026, 1:00PM IST
The 3rd ODI match will be played on Sept. 27 from 3 p.m. IST onwards.
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No Economy Is An Island | The Week In Whys
INDIA MARKET | Sun, 27 Sep 2026, 1:00PM IST
When Asian demand falls because prices become too high, more LNG becomes available for Europe.
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SC to hear plea against MDR on UPI merchant payments above 2,000 on Monday
INDIA BUSINESS | Sun, 27 Sep 2026, 12:57PM IST
The Supreme Court will on Monday hear a plea challenging the Centre's decision to impose a Merchant Discount Rate (MDR) on specified UPI person-to-merchant transactions of over Rs 2,000.
Ending nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on transfers worth over Rs 2,000 made to merchants through the UPI platform from October 15 while explicitly ring-fencing everyday person-to-person transactions and small payments from any charge.
The MDR will be capped at Rs 300 for payments of Rs 75,000 and above.
Essential and thin-margin sectors -- railways, telecom, insurance, fuel and agricultural inputs -- will pay a flat MDR of Rs 5 per transaction above Rs 2,000.
Payments into mutual funds, securities and through stockbrokers and dealers will attract 0.02 per cent MDR, also capped at Rs 300.
Person-to-person (P2P) transfers -- which make up 37 per cent of UPI's transaction volume and 70 per cent of its transaction value -- will continue to
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SC to hear plea against UPI MDR tomorrow
INDIA NEWS | Sun, 27 Sep 2026, 12:53PM IST
New Delhi: The Supreme Court will on Monday hear a plea challenging the Centre's decision to impose a Merchant Discount Rate (MDR) on specified UPI person-to-merchant transactions of over Rs 2,000.Ending nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on transfers worth over Rs 2,000 made to merchants through the UPI platform from October 15 while explicitly ring-fencing everyday person-to-person transactions and small payments from any charge.The MDR will be capped at Rs 300 for payments of Rs 75,000 and above.Also read | UPI MDR decision completely professional, no external pressure: FM SitharamanEssential and thin-margin sectors -- railways, telecom, insurance, fuel and agricultural inputs -- will pay a flat MDR of Rs 5 per transaction above Rs 2,000.Payments into mutual funds, securities and through stockbrokers and dealers will attract 0.02 per cent MDR, also capped at Rs 300.Person-to-person (P2P) transfers -- which make up 37 per cent of UPI's transaction volume and 70 per cent of its transaction value -- will continue to attract zero charges, irrespective of size.According to the apex court's cause list of September 28, the plea would come up for hearing before a bench of Chief Justice of India Surya Kant and Justices Joymalya Bagchi and V Mohana.The public interest litigation (PIL) filed by advocate Anjan Datta has challenged the Centre's September 14 notification and the MDR framework announced on September 15, which is stated to come into effect from October 15.The plea alleged that the levy has been introduced without adequate statutory safeguards, transparency or public consultation.It challenges the constitutional validity of the amended Section 10A of the Payment and Settlement Systems Act, 2007, alleging that it gives unguided powers to the executive to decide which electronic payment modes would receive the no-charge protection.Also read | NSE MD & CEO Ashish Chauhan says no government talks on new UPI MDR; expects brokers, clients to resolve issue"Declare that no MDR or analogous compulsory charge may be imposed or recovered merely on the strength of a press release or FAQs absent a duly authorised, authenticated and published statutory instrument," it said.The petitioner has also questioned the distinction between UPI transactions and RuPay debit card payments, pointing out that the notification continues the no-charge protection for RuPay debit cards without a monetary ceiling.The plea alleges that the framework is arbitrary and discriminatory, and may adversely affect merchants, particularly those with low margins, while also raising concerns over possible indirect consumer burden and digital exclusion.It has sought the quashing or suspension of the framework insofar as it imposes an MDR on UPI transactions of above Rs 2,000.Alternatively, it has sought a reconsideration of the framework after transparent consultation, publication of empirical data and an impact assessment, besides safeguards for micro and small enterprises."Direct that any future MDR classification be based on relevant considerations including merchant turnover, statutory MSME status, actual margins, geography and ability to bear the cost, and avoid cliff-edge treatment unsupported by evidence," the plea said.It has made the Centre and others, including the Reserve Bank of India, as party respondents in the matter.
Continue reading at Economic Times
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Geopolitical developments, crude oil likely to steer stock market this week
INDIA MARKET | Sun, 27 Sep 2026, 12:51PM IST
According to experts, the US-Iran diplomatic talks and crude oil prices will drive global market sentiment
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INDIA MUTUAL FUNDS | Sun, 27 Sep 2026, 12:51PM IST
Five flexi-cap mutual funds delivered single-digit returns over a three-year period, with SBI Flexicap Fund and UTI Flexi Cap Fund returning 6.4% to 7.8%, according to ETWealth data. Samco Flexi Cap Fund was the worst performer with a 5.5% loss, while Bank of India Flexi Cap led gains at 16.5%.
Continue reading at Economic Times
1h
India's first port-based e-Methanol production facility to produce and supply green fuel to ships
INDIA BUSINESS | Sun, 27 Sep 2026, 12:49PM IST
A new Rs 2,300 crore e-methanol plant will be established in Kandla to produce green fuel. This plant is a partnership between Deendayal Port Authority and Assam Petro-Chemicals, aimed at enhancing cleaner shipping. The project is expected to create over 3,500 jobs and foster a green energy value chain in the region.
Continue reading at Economic Times
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'Chips To Ships India Must Be Self-Reliant In Defence': Rajnath Singh At NDTV Summit
INDIA MARKET | Sun, 27 Sep 2026, 12:41PM IST
Rajnath Singh says India must reduce dependence on foreign defence suppliers and build critical capabilities in India.
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INDIA MARKET | Sun, 27 Sep 2026, 12:38PM IST
'Heart of the Best' also stars J.K. Simmons and Anna Lambe in key supporting role.
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INDIA MARKET | Sun, 27 Sep 2026, 12:37PM IST
To achieve successful long-term investments, investors should target companies with a competitive edge. Pritam Deuskar introduces the GIANTS framework, emphasizing the importance of evaluating market position and awareness of emerging trends in India. Despite external challenges, India's economy stands robust and adaptable. By concentrating on companies that fulfill these standards, investors can maximize their returns in the dynamic marketplace.
Continue reading at Economic Times
1h
Boeing Identifies 737 Max Software Glitch That May Prompt Delays
INDIA MARKET | Sun, 27 Sep 2026, 12:24PM IST
"Last month, we informed all 737 operators about a software issue where pilots may not have access to automated flight guidance during a specific landing scenario," Boeing said in a statement.
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1h
Sebi settlement overhaul may improve recovery in fund-diversion cases
INDIA MARKET | Sun, 27 Sep 2026, 12:17PM IST
The regulator's approved settlement framework includes changes on settlement amount calculation, wrongful gains, fast-track cases and wider access to settlement
Continue reading at Business Standard
1h
Renewable Energy India Expo 2026 to unlock Rs 2,800 cr investment in bioenergy sector: IBA
INDIA BUSINESS | Sun, 27 Sep 2026, 12:08PM IST
The Renewable Energy India Expo 2026 will take place from October 22 to 24 in Greater Noida, poised to draw over Rs 2,800 crore in investments targeted at the bioenergy sector. Highlighting initiatives like the GOBARdhan National Circular Bioenergy Scheme, which aims to ramp up CBG production significantly by 2036, the event showcases a plethora of exhibitors and cutting-edge technology.
Continue reading at Economic Times
2h
Petronet to pay directors up to 1% of profit as commission
INDIA BUSINESS | Sun, 27 Sep 2026, 12:03PM IST
Petronet LNG Ltd has proposed to seek shareholders' approval for paying commissions to directors from FY27 to FY31. This proposal is for a maximum of 1% of annual profits according to the Companies Act, 2013. The company reported a net profit in FY26, with commissioner payments remaining below statutory limits. Akshay Kumar Singh, the CEO, received a commission of Rs 26.5 lakh each in FY26.
Continue reading at Economic Times
2h
Live on rent or purchase a home? How to make a decision in your 30s
INDIA BUSINESS | Sun, 27 Sep 2026, 12:00PM IST
Balance long-term financial discipline with psychological comfort in making a strategic decision
Continue reading at Business Standard
2h
PV Sindhu bows out in Asian Games quarters
INDIA NEWS | Sun, 27 Sep 2026, 11:59AM IST
Nagoya, PV Sindhu and Unnati Hooda put up brave efforts before going down in their respective women's singles quarterfinals as Indian shuttlers failed to win a medal in the individual competition of the Asian Games here on Sunday.India had won three medals at the last edition in Hangzhou, with the men's team winning a silver, Satwiksairaj Rankireddy and Chirag Shetty claiming doubles gold and HS Prannoy returning with a bronze in men's singles.However, three years later, while the Indian men's team managed a bronze, none of the shuttlers could reach the semifinals of the various categories, which would have assured a medal.Track live action of Asian Games 2026 hereTwo-time Olympic medallist Sindhu, forced to play her third match in less than 24 hours, lost to Tokyo Olympic champion Chen Yu Fei 21-11, 18-21, 10-21."I think I should have finished it off in the second set itself but I couldn't. Overall it was not that an easy game or I would get easy points. There were really long rallies," said Sindhu after the match."It's a bit hurtful but I need to recover from this. It would have been good if I would have gone to the semifinals. Unfortunate but never mind, these things keep happening. It's important to get back stronger."The 19-year-old Hooda also went down 16-21, 21-14, 17-21 to three-time world champion Akane Yamaguchi in another quarterfinal.Earlier, Treesa Jolly and Gayatri Gopichand, who won a maiden World Championships bronze last month, suffered a 18-21, 9-21 loss to Malaysian world No. 5 pairing Pearly Tan and Thinaah Muralitharan in the women's doubles quarterfinals.At the adjacent court, the mixed doubles pair Dhruv Kapila and Tanisha Crasto produced a gallant fight before losing 14-21, 21-18, 18-21 to world No. 1 China's Feng Yan Zhe and Huang Dongping in another quarterfinal."It's disappointing not to win a medal but we are proud of the effort both of us have made. We fought till the last point," Tanisha said."It is one of the best we played against the Chinese. We have made a lot of improvement. There is a lot of hunger and lot more confidence."PV Sindhu vs ChenThe 31-year-old Indian came into the clash with a 7-9 head-to-head record against the Chinese, having defeated her en route to her Japan Open Super 750 title in July.Sindhu showed no signs of fatigue as she dominated the proceedings early on. She moved well across the court and dictated the terms to move from 9-2 to 11-8 at the mid-game break.The Chinese narrowed the lead to 10-13, but Sindhu continued to dominate to go 18-11 up before sealing the opening game.Chen made a better start after the change of ends, leading 5-2 and 9-5, but Sindhu, who had played her second match well past midnight on Saturday, clawed back to 9-9 and stayed neck and neck with her opponent until 12-12 and 16-18.The rallies were getting extended, with an average of 43 shots, as the two fought hard. Chen earned two game points and forced a decider.In the third game, Chen opened up a 4-0 lead and, despite some fightback from Sindhu, managed to take a four-point cushion at the interval. It was a downhill slope for Sindhu after the resumption as Chen won 10 of the next 11 points to shut the door on the Indian.Also read: Asian Games 2026: Ankush Panghal assures India of maiden boxing medalUnnati vs YamaguchiWorld No. 3 Yamaguchi troubled Hooda early on, with the Japanese producing a variety of strokes, including a disguised drop, to take control. From 3-4, Yamaguchi reeled off eight straight points to move 11-4 ahead at the break.The 19-year-old Hooda tried to fight back with attacking strokes and smashes, but Yamaguchi maintained the pressure. At 14-8, the Japanese ended a long rally with another disguised drop before earning four game points and converting the first to take the opening game.Hooda made a strong start after the change of ends, although Yamaguchi initially opened up a 6-3 lead. The Indian clawed her way back to 7-7 with some precise shot-making and then won seven of the next nine points to move 10-8 ahead.Yamaguchi responded with two points to lead 11-10 at the interval, but Hooda continued to control the rallies with a series of high tosses that repeatedly pushed the Japanese into long exchanges.The Indian built a 17-14 lead as Yamaguchi began making errors, and Hooda seized the opportunity to force a decider by winning eight successive points.The final game was closely contested, with the two tied at 5-5 before Yamaguchi moved ahead 8-5. A long rally ended with a precise cross-court drop from the Japanese, who took an 11-8 lead at the change of ends after another sharp reaction at the net left Hooda stranded.Hooda continued to pepper the backcourt with tosses and extend the rallies, but Yamaguchi managed to hold on to her advantage. The Japanese led 14-11 after another gruelling exchange.Hooda kept fighting and forced Yamaguchi into difficult rallies, but a net error left her trailing 14-16. She then smashed wide as Yamaguchi moved 18-16 ahead before a precise smash gave the Japanese three match points.Hooda found the net on the next point, bringing an end to her campaign after a determined quarterfinal effort.Poor scheduling forced the players, including Sindhu, Hooda and Ayush Shetty, to play two matches within just a few hours on the same day on Saturday.
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Will Nifty, Sensex tumble on Monday? 5 factors which will drive D-Street action this week
INDIA MARKET | Sun, 27 Sep 2026, 11:54AM IST
Following a 7-week decline in Nifty, Dalal Street faces a holiday-shortened week driven by five key factors: escalating US-Iran conflict, Brent crude trading above $104, US 10-year Treasury yields above 5.1%, continued FII outflows, and rupee volatility within the 95.50-96.50 trading band.
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ETMarkets NRI Talk| Want to invest in US IPOs? Ankita Pathak on what Indian investors need to know
INDIA MARKET | Sun, 27 Sep 2026, 11:53AM IST
Under the Liberalised Remittance Scheme, Indian investors have the opportunity to participate in US IPOs, including Anthropic. However, the path for retail investors may be fraught with challenges. Many prominent AI firms are postponing their IPOs due to fluctuating market conditions and strategic considerations. To identify true long-term successes, investors must discern between robust companies and those merely capitalizing on the AI craze, remaining vigilant for potential price volatility.
Continue reading at Economic Times
2h
Resident Evil Box Office Collection Day 9: Zach Cregger's Horror Reboot Sees Sharp 92.3% Rise
INDIA MARKET | Sun, 27 Sep 2026, 11:50AM IST
Austin Abrams stars as Bryan, alongside Zach Cherry, Kali Reis and Paul Walter Hauser.
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2h
Ayush services sector growing fast; projected to hit up to USD 318 billion by 2047: Study
INDIA BUSINESS | Sun, 27 Sep 2026, 11:49AM IST
The Ayush services sector is projected to reach USD 216-318 billion by 2047 as it continues to expand. This sector reported a 16.91 percent compound annual growth rate since 2022-23 and supported 1.76 million livelihoods. Clinics and day-care centers generated the majority of the sector's revenue, with Ayurveda leading individual systems. The sector's role in Medical Value Travel is also notable with international patients contributing substantially to revenues.
Continue reading at Economic Times
2h
Tata Motors PV eyes 15% market share soon, targets 20% by FY31, says MD Shailesh Chandra
INDIA BUSINESS | Sun, 27 Sep 2026, 11:48AM IST
Tata Motors Passenger Vehicles is approaching a 15% domestic market share and aims to reach 20% by FY31. The company plans to achieve substantial growth through product innovation and powertrain diversification. Focus areas include expanding into unentered segments and addressing evolving consumer affordability.
Continue reading at Economic Times
2h
Petronet to pay 1% of profit as commission to its directors for 5 years
INDIA BUSINESS | Sun, 27 Sep 2026, 11:48AM IST
Petronet LNG Ltd, India's biggest gas importer, has sought shareholders' approval to continue payment of commission to its directors, capped at 1 per cent of annual profits, for another five years from financial year 2026-27 to 2030-31.
The proposal, contained in the notice for the company's forthcoming general meeting, seeks approval for distribution of a sum not exceeding 1 per cent per annum of profits calculated under Section 198 of the Companies Act, 2013, among the directors in such amounts and proportions as may be decided by the board from time to time.
Shareholders had last approved the commission arrangement at the annual general meeting held on September 28, 2021, for FY22 to FY26. The earlier approvals for similar payments were granted in 2007, 2011 and 2016, according to the shareholder notice.
The company said the proposed continuation was being sought in view of its "healthy financial position".
For the fiscal year ended March 31, 2026, Petronet paid its CEO Akshay .
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2h
SBI's growth mantra: Digital first, customer first, nation always, says chairman C S Setty
INDIA BUSINESS | Sun, 27 Sep 2026, 11:45AM IST
SBI aims to harness digital banking and strengthen customer relationships as part of its growth strategy. The bank's total business could potentially reach Rs 200 lakh crore by 2030 as it celebrates its platinum jubilee. Chairman C S Setty highlighted the importance of customer protection alongside the digital transformation of banking services.
Continue reading at Economic Times
2h
Gas Vs Green: Who Wins Under Trumps Relaxed Fuel Rules That Ends Biden's EV Mandate?
INDIA MARKET | Sun, 27 Sep 2026, 11:44AM IST
US President says he will end the so-called EV mandate' that encouraged consumers to switch to electric vehicles
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INDIA MARKET | Sun, 27 Sep 2026, 11:26AM IST
Addressing India's defence capabilities, Singh said that India's defence strategy is "future-ready"; he added that energy resources have been diversified and stressed the importance of being war-ready if a country wants peace.
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2h
Who Absorbs UPI MDR? NSE CEO Rules Out Govt Talks As 0.02% Fee On Capital Markets Nears Kickoff
INDIA MARKET | Sun, 27 Sep 2026, 11:20AM IST
Effective from 15 October 2026, a 0.02% Merchant Discount Rate (MDR), capped at Rs 300 per transaction
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2h
Tata Motors PV eyes 15% market share soon, targets 20% by FY31: MD
INDIA BUSINESS | Sun, 27 Sep 2026, 11:20AM IST
Tata Motors Passenger Vehicles expects to cross 15 per cent domestic market share "very soon" and is working towards its previously stated target of 20 per cent by FY31, as the nearly year-old standalone business looks to drive significant growth through investments in new product categories, faster product interventions and powertrain expansion, its Managing Director and CEO Shailesh Chandra said.
In an interview with PTI, Chandra said the passenger vehicle business, which became a standalone entity following the demerger effective October 1 last year, has grown nearly 40 per cent over the past year and is exiting September with electric vehicles accounting for more than 25 per cent of its total sales.
"Our focus is going to be, of course, to drive significant growth, double-digit growth. At the same time, we want to be leading the charge as far as the sustainable or zero-emission powertrains and emission-friendly powertrains are concerned, and at the same time, we have to continue
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Adani's Dhamra Port makes history
INDIA NEWS | Sun, 27 Sep 2026, 11:18AM IST
Dhamra Port in Odisha has shifted its entire electricity consumption to renewable power, becoming Indias first large-scale private multi-cargo port to operate fully on renewable electricity, according to its operator Adani Ports and Special Economic Zone (APSEZ).The port now meets more than 90 lakh units of monthly electricity demand from renewable sources. Its renewable power consumption exceeds 108 gigawatt-hours (GWh) on an annualised basis, APSEZ said.The transition took effect in August 2026 as part of APSEZs long-term Net-Zero strategy. It is expected to reduce emissions linked to purchased electricity and improve the environmental performance of the ports energy-intensive operations.Dhamra Port meets its renewable electricity requirement through a combination of captive renewable power, third-party access arrangements and green-power procurement under Odishas regulatory framework.Around 25-30% of the ports renewable electricity comes from APSEZs captive hybrid power plant at Khavda in Gujarat. Another 10-15% is sourced through third-party access. The remaining requirement is met through a Green Consumer arrangement with Odishas distribution utility.Renewable electricity now powers the ports round-the-clock operations, including cargo handling, storage, rail-linked activities and other critical infrastructure.Located on the Odisha coast between Haldia and Paradip, Dhamra is one of eastern Indias key deep-draft ports. It has an installed capacity of 60 million tonnes (MT) and handled 48.8 MT of cargo in the financial year ended March 2026.The port handles more than 48 MT of cargo annually. Its infrastructure includes six dry-cargo berths, rapid-loading silos, wagon tipplers, track hoppers, mechanised storage yards and jetty equipment.Dhamra is connected by rail and road to mineral-rich regions across Odisha, Jharkhand and West Bengal.The move places Dhamra among large industrial and logistics facilities that are increasing their reliance on renewable electricity to reduce operational emissions and meet long-term decarbonisation targets.
Continue reading at Economic Times
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INDIA BUSINESS | Sun, 27 Sep 2026, 11:18AM IST
Dhamra Port in Odisha has achieved a milestone by transitioning to fully renewable electricity, aligning with Adani Ports and Special Economic Zone's ambitious Net-Zero strategy. This shift powers over 90 lakh units monthly, significantly cutting emissions. Notably, 25-30% of the energy comes from a hybrid power plant located in Gujarat, enhancing the port's role as a crucial link for mineral-rich areas in eastern India.
Continue reading at Economic Times
2h
Cars24 expects to be eligible to file DRHP by Apr: CFO
INDIA MARKET | Sun, 27 Sep 2026, 11:09AM IST
Cars24 is gearing up to submit its draft red herring prospectus for an anticipated IPO in India by April 2026. The company is in the midst of a strategic shift, returning operations from Singapore to India, a transition projected to take six to nine months. With a robust valuation of $3.
Continue reading at Economic Times
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Cars24 expects to file IPO papers by April after reverse flip to India: CFO
INDIA MARKET | Sun, 27 Sep 2026, 11:08AM IST
Cars24 expects to be eligible to file its draft red herring prospectus (DRHP) by April after completing its reverse flip from Singapore to India, a process that could take six to nine months, its CFO Shivanshu Makkar said.
In an interview with PTI, Makkar said Cars24, which was incorporated in Singapore in 2015, has received approval for the reverse flip and will file papers for its IPO in India.
"On the IPO, we are a Singapore-based entity. We had set up back in 2015 in Singapore. So, we are re-domiciling right now. It's a reverse flip process, like the process that Flipkart and Myntra did.
"We have gotten our approval from Singapore, and we are filing in India. This will take anywhere between six to nine months. After the day we become an Indian entity is when we can file the DRHP. So, by April, we would be eligible to file a DRHP. From there, it takes about three to four months for Sebi approvals, pricing, book-building and all. So, that's the kind of timeline I'm looking at righ
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3h
The Vvan Box Office Collection Day 2: Sidharth Malhotra Starrer Sees 37.5% Growth
INDIA MARKET | Sun, 27 Sep 2026, 11:07AM IST
Sidharth Malhotra plays the lead role in the folk-fantasy thriller 'The Vvan - Force of the Forrest'.
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3h
AC, TV, appliance prices may rise up to 8% from Oct 1 ahead of festivals
INDIA MARKET | Sun, 27 Sep 2026, 11:03AM IST
Appliance and consumer electronics makers are set to raise prices by 5-8% from October 1, citing higher metal and crude derivative costs, freight expenses and currency volatility
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3h
Rs 1 Crore Corpus: How Much Of It Could Inflation Take Away Over 20 Years?
INDIA MARKET | Sun, 27 Sep 2026, 11:02AM IST
Financial planning needs to account for inflation not just taxes.
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