Bessent and Warsh Take On the Bond Bears
GLOBAL NEWS | Wed, 16 Sep 2026, 5:44PM IST
The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors growing worries about inflation and deficits.
Continue reading at The New York Times
15m
Russia squeezed, Saudi route hit, China circles: Why India's oil bill could get heavier
INDIA BUSINESS | Wed, 16 Sep 2026, 5:39PM IST
India is encountering soaring costs for crude oil imports due to ongoing global supply chain issues. Disruptions in Saudi oil export infrastructure and limitations on Russian shipments contribute to the turmoil. Additionally, China's rising thirst for Russian oil intensifies the competitive landscape for India. This scenario threatens to inflate prices and freight expenses, prompting reliance on diversified sourcing strategies that can only partially address these economic pressures.
Continue reading at Economic Times
20m
India B-schools slip on intense competition
INDIA NEWS | Wed, 16 Sep 2026, 5:35PM IST
New Delhi: Indias top business schools slipped down the global pecking order, with IIM Bangalore, IIM Ahmedabad and IIM Calcutta dropping in QSs 2027 MBA rankings, even as the countrys overall representation continued to expand.IIM Bangalore, the countrys highest-ranked MBA programme for the fourth consecutive year, fell to 64th from 52nd globally. IIM Ahmedabad dropped to 70th from 58th, while IIM Calcutta saw the sharpest decline among the three, falling to 95th from 64th.The drop in rankings of IIMs followed global peers improving in areas including entrepreneurship and alumni outcomes, return on investment and diversity, according to QS. IIM Ahmedabad is the only Indian institution to retain its top 100 place on Entrepreneurship & Alumni Outcomes measure, ranking 84th.IIM Bangalore continued its 29th position globally for employability and ranked second in Asia on the measure. It also improved slightly in thought leadership to 51st globally.Also read | From UPI to cash? MDR worry grows as festive sale season approachesThe ranking however displayed a broader expansion of Indian presence. QS ranked 19 India-based MBA providers in 2027, up from seven in 2022 and five in 2020. Five institutions entered the MBA rankings for the first time, led by O.P. Jindal Global University in the 171-180 band. Jaipuria Institute of Management, CHRIST Universitys School of Business and Management, Manav Rachna International Institute of Research and Studies, and Vikrant University Gwalior entered the 301+ range.More Indian business schools are continuing to build their international reputation, with five new entries from the country this year, said QS President Nunzio Quacquarelli. He, however, pointed out that global peers are outpacing in key areas such as return on investment and entrepreneurship & alumni outcomes.Indias strongest showing beyond the top three came from Woxsen School of Business, which ranked first in Asia and 33rd globally for diversity.Also read | India's cabinet raises EPFO wage ceiling to 25,000In the specialised business masters rankings, 41 Indian programmes featured, up from 37 last year. Five Indian programmes made the global top 100: IIM Bangalore ranked 31st in Management and 60th in Business Analytics; IIM Ahmedabad ranked 46th in Management; and IIM Calcutta ranked 57th in Management and 96th in Business Analytics.Across Asia, the National University of Singapore remained the top-ranked MBA at 23rd globally. IIM Bangalore ranked eighth in Asia and IIM Ahmedabad ninth.Globally, MIT Sloan took the top spot, followed by Harvard, Stanford, and Penn Wharton.QS said its MBA ranking assesses programmes across employability, value for money, alumni outcomes, thought leadership and diversity.
Continue reading at Economic Times
25m
Indias B-schools slip on intense global competition
INDIA BUSINESS | Wed, 16 Sep 2026, 5:35PM IST
IIM Bangalore, the countrys highest-ranked MBA programme for the fourth consecutive year, fell to 64th from 52nd globally. IIM Ahmedabad dropped to 70th from 58th, while IIM Calcutta saw the sharpest decline among the three, falling to 95th from 64th.
Continue reading at Economic Times
25m
Jindal Supreme (India) IPO subscribed 7.53 times
INDIA MARKET | Wed, 16 Sep 2026, 5:31PM IST
The offer received bids for 7.07 crore shares as against 93.99 lakh shares on offer.
Continue reading at Business Standard
29m
Fortis moves SC against HC forensic audit order in company transactions
INDIA BUSINESS | Wed, 16 Sep 2026, 5:21PM IST
Fortis challenges forensic audit order in Supreme Court over alleged asset erosion during Daiichi Sankyo enforcement proceedings
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38m
Why In-Solutions Global Believes Trust and Compliance Will Define the Agentic Commerce Era
INDIA BUSINESS | Wed, 16 Sep 2026, 5:17PM IST
AI-driven agentic commerce is set to revolutionize payment processes, emphasizing trust and compliance. As consumers gain enhanced autonomy, they will bear greater responsibility in this evolving landscape. In-Solutions Global highlights the importance of establishing sturdy guardrails for safety. With its strategic initiatives, the company aims to spearhead this significant change, originating from India and impacting the global market.
Continue reading at Economic Times
43m
Why In-Solutions Global believes trust and compliance will define the agentic commerce era
INDIA BUSINESS | Wed, 16 Sep 2026, 5:17PM IST
AI-driven agentic commerce is set to revolutionize payment processes, emphasizing trust and compliance. As consumers gain enhanced autonomy, they will bear greater responsibility in this evolving landscape. In-Solutions Global highlights the importance of establishing sturdy guardrails for safety. With its strategic initiatives, the company aims to spearhead this significant change, originating from India and impacting the global market.
Continue reading at Economic Times
43m
How to Think about Retirement If You Are in Your 20s and Hate the Word
INDIA BUSINESS | Wed, 16 Sep 2026, 5:16PM IST
Starting early can turn modest investments into long-term financial autonomy, providing the freedom to change jobs, take a sabbatical or pursue a different career.
Continue reading at Business Standard
43m
Benchmarks recover after recent sell-off; Nifty ends above 23,200
INDIA MARKET | Wed, 16 Sep 2026, 5:16PM IST
The key equity benchmarks ended higher on Wednesday, snapping a two-session losing streak. Gains followed a pause in crude oil prices and a marginal easing in global bond yields.
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44m
Quick Wrap: Nifty FMCG Index rises 1.63%
INDIA MARKET | Wed, 16 Sep 2026, 5:16PM IST
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44m
SS Retail IPO subscribed 1.44 times
INDIA MARKET | Wed, 16 Sep 2026, 5:16PM IST
The offer received bids for 1.26 crore shares as against 87.93 lakh shares on offer.
Continue reading at Business Standard
44m
INDIA BUSINESS | Wed, 16 Sep 2026, 5:11PM IST
In an exclusive interview with The Economic Times at the Global Fintech Fest 2026, Juspays Ishan Sharma reflected on 12 years of solving payments at population scale, the rise of agentic commerce and why Indian fintechs must aim for developed markets.
Continue reading at Economic Times
48m
EPF wage ceiling hiked to Rs 25,000: How much employees gain and what it costs the government
INDIA BUSINESS | Wed, 16 Sep 2026, 5:07PM IST
In a significant move, the government has lifted the provident fund wage ceiling to Rs 25,000 monthly, bringing over 51 lakh new employees into the fold of social security. This adjustment is projected to cost the Centre Rs 11,339 crore annually. As a result, more individuals will benefit from mandatory coverage, but employers should prepare for an increase in obligatory contributions once the changes take effect.
Continue reading at Economic Times
53m
Maruti Suzuki among 8 large-cap stocks to hit 52-week lows and fall up to 12% in a month
INDIA MARKET | Wed, 16 Sep 2026, 5:05PM IST
Eight BSE 100 Largecap TMC stocks hit fresh 52-week lows despite the Sensex gaining 332 points on Wednesday. Shree Cement, Maruti Suzuki, IRFC, Britannia, Ambuja Cements, Godrej Consumer, Bank of Baroda and Muthoot Finance recorded new yearly lows.
Continue reading at Economic Times
55m
Market wrap: SBI, HDFC Life, TCS, Infosys top gainers and losers on Nifty and Sensex on Thursday
INDIA MARKET | Wed, 16 Sep 2026, 5:03PM IST
Indian equities recovered on September 16, with Nifty and Sensex gaining over 0.4% as banking and heavyweight stocks attracted value buying. Broader markets remained weak, while FMCG and PSU banks advanced. Investors now await the Federal Reserves rate decision and guidance.
Continue reading at Economic Times
56m
In Silicon Valley, Hardware Is Having a Moment Again
GLOBAL NEWS | Wed, 16 Sep 2026, 5:00PM IST
As A.I. transforms the technology industry, venture capital is flowing into deep tech start-ups that build robots and semiconductors.
Continue reading at The New York Times
1h
INDIA MARKET | Wed, 16 Sep 2026, 4:57PM IST
Edward Thorp emphasizes that financial markets rely on uncertain probability estimates rather than certainties. Since models struggle with unexpected events, investors must prioritize risk management, diversification, and resilience instead of overconfidence in their forecasts.
Continue reading at Economic Times
1h
Delhi traders plan cash payments push to avoid fee on UPI payments
INDIA BUSINESS | Wed, 16 Sep 2026, 4:53PM IST
Traders will now encourage cash payments to avoid new UPI transaction fees. A 0.4 percent charge applies to UPI transactions exceeding two thousand rupees. This new fee impacts merchants operating on already tight profit margins. Small merchants earning under one lakh rupees monthly remain exempt from this charge. The government aims to balance digital payment adoption with merchant costs.
Continue reading at Economic Times
1h
Meet Kremer, World Bank's new chief economist
INDIA NEWS | Wed, 16 Sep 2026, 4:51PM IST
The World Bank on Wednesday named Nobel laureate and University of Chicago professor Michael Kremer as its next chief economist, succeeding Indermit Gill, who retired last month.Kremer, 61, won the Nobel Prize in Economic Sciences in 2019 jointly with Esther Duflo and Abhijit Banerjee for their experimental approach to alleviating global poverty.He will take charge on October 1, shortly before the annual meetings of the World Bank and International Monetary Fund in Bangkok, Thailand. He is the first economist to join the World Bank as chief economist with a Nobel Prize already in hand; former chief economists Joseph Stiglitz and Paul Romer received the Nobel after their tenures at the bank.Also read: World Bank names Nobel laureate Michael Kremer as next chief economistWho is Michael Kremer?Born on November 12, 1964, in New York, Kremer is an economist known for applying experimental methods to development problems, particularly in areas such as education, healthcare, agriculture and access to finance. He earned his doctorate in economics from Harvard University in 1992 and then worked at the Massachusetts Institute of Technology.He then become a Harvard professor in 1999.Kremer is currently a University Professor in Economics at the University of Chicago, where he also directs the Development Innovation Lab (DIL). The lab develops and scales innovations in areas including agriculture, education, water treatment, road safety and microfinance, with the stated potential to reach more than 100 million people in low- and middle-income countries.Over the years, Kremer has worked on breaking down the broad challenge of global poverty into smaller, testable questions and using field experiments to determine which interventions work.Kremer's Nobel PrizeThe Nobel Committee recognised Kremer, Duflo and Banerjee in 2019 for introducing an experimental approach that transformed development economics. Since the mid-1990s, the economists have used field experiments to test interventions aimed at improving educational outcomes and child health, among other areas.The scientific approach has also involved testing programmes in real-world settings before examining whether they can be expanded. This allowed Kremer and his collaborators to connect academic research with programmes affecting millions of people.From vaccines to deworming programmesOne of Kremer's notable contributions has been his work on Advance Market Commitments, a mechanism in which donors commit funding to encourage pharmaceutical companies to develop and produce vaccines for low-income countries.According to ADB Food Systems, Kremer helped design an Advance Market Commitment for a pneumococcal vaccine. The initiative resulted in three approved vaccines being rolled out across 60 countries, with an estimated 700,000 lives saved.His research on deworming among schoolchildren also had implications for education and public health policy. The research examined whether treating children for parasitic worm infections could improve school attendance.The findings helped inform large-scale deworming programmes, with governments in Africa and South Asia providing about 2 billion treatments since 2014, according to the World Bank.His work has also extended to water safety.ADB Food Systems mentioned that Kremer's water-related work reaches about 9 million people through Evidence Action, while his broader research portfolio includes agriculture, education and finance.Technology and developmentKremer has also focused on how technology can address development challenges. At the University of Chicago, his Development Innovation Lab works on scaling innovations across several sectors in developing economies.He is also a co-founder of Precision Development, which uses digital technology to provide smallholder farmers with information intended to improve productivity and incomes. His work includes AI-based agricultural weather forecasting and the Human-Centered Weather Forecasts initiative.Kremer has also been involved in the Development Innovation Ventures (DIV), a fund administered by the US Agency for International Development that he co-founded in 2010. The fund was later shut down after Donald Trump returned to the White House in 2025.His research has therefore combined experimental economics with an emphasis on taking successful interventions beyond pilot projects and into large-scale programmes.What are Kremer's views on global development landscape?Kremer's appointment as the next World Bank chief economist comes as the organisation faces a crucial development landscape marked by financing pressures and the need to generate jobs and improve living standards in developing economies.In a 2024 keynote at a World Bank event titled "The Great Incoherence: Growth and Human Development in an Era of Stagnation", Kremer called for reforms to help countries meet ambitious development goals. He highlighted funding innovative pilot projects and creating incentives for research into new technologies as key themes.The emphasis on innovation and scaling is also reflected in his work at the University of Chicago. In announcing his appointment, World Bank President Ajay Banga said Kremer had spent his career identifying what works in development and proving it at scale.Kremer, in a statement, said the World Bank has significant research capacity to develop and test innovative solutions to development problems, as well as the operational reach to scale them up. He also pointed to new technologies as an opportunity to boost growth amid the major challenges facing the global economy.His career combines academic economics, field experimentation and policy implementation, experience that will now move to the World Bank, where he is set to become chief economist from October 1.
Continue reading at Economic Times
1h
UGRO Capital raises Rs 380 cr via long term institutional funding
INDIA MARKET | Wed, 16 Sep 2026, 4:50PM IST
UGRO Capital has raised Rs 380 crore through the issuance of 38,000 senior, secured, rated, listed, redeemable and transferable Non-Convertible Debentures (NCDs), fully subscribed by Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), the Dutch entrepreneurial development bank.
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1h
Biggest crash in history has begun: Rich Dad Poor Dad author Robert Kiyosaki sounds the alarm
INDIA MARKET | Wed, 16 Sep 2026, 4:48PM IST
Robert Kiyosaki has warned of a potential historic stock and bond market crash, saying the downturn began in Europe and Japan and could spread globally. He cited AI speculation, war, debt and demographic pressures, while urging caution around retirement savings.
Continue reading at Economic Times
1h
Salesforce Down: Global Outage Raises Concern For Amazon, Walmart, Other Major Customers
INDIA MARKET | Wed, 16 Sep 2026, 4:41PM IST
Salesforce's platform has prominent clientele, which includes Amazon, Walmart, Coca-Cola, Toyota, IBM.
Continue reading at NDTV
1h
EPFO wage ceiling raised to Rs 25000 per month; over 10 million formal sector workers to benefit
INDIA BUSINESS | Wed, 16 Sep 2026, 4:40PM IST
The enhanced wage ceiling, approved by the Cabinet on Wednesday, will put additional financial burden on employees and the government while the employees may see a dip in take home salary. As per government estimates, the average additional outgo for employers will be Rs 600 per worker per month under the enhanced wage ceiling, which comes into effect from Thursday. The annual government outgo is estimated at about Rs 11,339 crore.
Continue reading at Economic Times
1h
Flipkart Big Billion Days 2026: Dates Out, Bank Discounts & Deals Teased
INDIA MARKET | Wed, 16 Sep 2026, 4:27PM IST
Flipkart Big Billion Days sale may begin October 9, with early access for members and bank offers.
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1h
iPhone 17 Pro Max Below Rs 75,000? Croma Offers Exchange Bonus, Free Case And More
INDIA MARKET | Wed, 16 Sep 2026, 4:24PM IST
Croma is offering the iPhone 17 Pro Max at an effective price below Rs 75,000, but buyers will need to use exchange and other eligible benefits to reach the advertised price.
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1h
Meta 'No Longer Merely An Intermediary', Needs To Combat Harmful, Addictive Content: Sources
INDIA MARKET | Wed, 16 Sep 2026, 4:22PM IST
This statement was made with regards to having Meta address harmful and addictive content.
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1h
James Rodriguez Ends 15-Year Colombia Career, Announces International Retirement
INDIA MARKET | Wed, 16 Sep 2026, 4:17PM IST
James Rodriguez has announced his retirement from international football after a 15-year career with Colombia.
Continue reading at NDTV
1h
Mecca Drone Attack: Pakistans Strong Condemnation Makes No Reference To Houthis
INDIA MARKET | Wed, 16 Sep 2026, 4:16PM IST
Pakistan PM condemns drone attack against Mecca; doesn't mention Houthis
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1h
Government eases RCMC requirement for export consignments up to Rs 3 Lakh
INDIA MARKET | Wed, 16 Sep 2026, 4:16PM IST
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1h
Jindal Supreme IPO Sees 5x Demand, Hero Motors Fully Subscribed: What Latest GMP Indicates
INDIA MARKET | Wed, 16 Sep 2026, 4:16PM IST
Both IPOs opened on September 16 and will close on September 18.
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1h
AI, algorithms and human judgement: The future of portfolio management
INDIA MARKET | Wed, 16 Sep 2026, 4:12PM IST
AI is moving beyond technology and reshaping how investors analyse markets, manage risk and construct portfolios. As algorithms become increasingly integrated into investment decisions, human judgement remains critical. Sandeep Tandons masterclass at the ET Alpha Wealth Summit 2.0 will explore how AI and human expertise could shape the future of wealth management.
Continue reading at Economic Times
1h
Bitcoin trades near $75,000 as CLARITY Act setback weighs, Fed decision in focus
INDIA MARKET | Wed, 16 Sep 2026, 4:11PM IST
Bitcoin fell below $75,000 to a September low after the US Senate rejected the CLARITY Act cloture vote 50-49. Ethereum and major altcoins also declined, while rising Treasury yields, regulatory uncertainty and weaker sentiment added pressure to cryptocurrency markets.
Continue reading at Economic Times
1h
DRA buys 10-acre Chennai land parcel for Rs 159 crore to develop housing project
INDIA BUSINESS | Wed, 16 Sep 2026, 4:09PM IST
Realty firm DRA has acquired a ten-acre land parcel in Chennai for Rs 159 crore. This acquisition is part of the company's expansion plans and will develop a housing project. The new project is estimated to generate revenue potential of Rs 1,200 crore. The company has developed many real estate projects over the past forty years. Realty firms are acquiring land for housing projects amid strong demand for homes.
Continue reading at Economic Times
1h
Juniper Hotels plans Rs 248 crore acquisition of 287-key Novotel Imagicaa
INDIA BUSINESS | Wed, 16 Sep 2026, 4:05PM IST
Juniper Hotels plans to acquire Novotel Imagicaa for Rs 248 crore. This acquisition advances the company's long-term portfolio building objective. The established hotel is expected to generate stable cash flows immediately. Juniper sees opportunities to add banqueting capacity and rebrand the property. The transaction completion depends on definitive agreements and regulatory approvals.
Continue reading at Economic Times
1h
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