The Heart Drug Pelacarsen Fails, Shocking Novartis and Cardiologists
GLOBAL NEWS | Sat, 5 Sep 2026, 4:14AM IST
Doctors were hopeful the drug, which was being tested in a large clinical trial by Novartis, was going to be a powerful new tool to fight heart disease.
Continue reading at The New York Times
1h
Another Heart Drug Fails, Shocking Cardiologists
GLOBAL NEWS | Sat, 5 Sep 2026, 4:14AM IST
Doctors were hopeful the drug, which was being tested in a large clinical trial by Novartis, was going to be a powerful new tool to fight heart disease.
Continue reading at The New York Times
1h
US stocks today: US stocks end lower as solid jobs data fuels hawkish Fed bets
INDIA MARKET | Sat, 5 Sep 2026, 1:34AM IST
Wall Street closed lower on Friday as a stronger-than-expected US jobs report lifted expectations of a Federal Reserve rate hike this month. Investors now await next week's CPI and PPI data for clues on inflation and the Fed's policy path, while Lululemon and Adobe shares fell on company-specific developments.
Continue reading at Economic Times
4h
Stellantis in talks with Huawei and JAC Group for Maserati's future, sources say
INDIA BUSINESS | Sat, 5 Sep 2026, 1:32AM IST
Automaker Stellantis is discussing long-term industrial cooperation for its Maserati brand. Chinese firms Huawei and JAC Group are reportedly involved in these ongoing talks. This potential partnership aims to boost production rates at Italian manufacturing plants. Maserati, which faced losses last year, will present its own strategy soon. Stellantis stated discussions occur to offer customers better mobility choices.
Continue reading at Economic Times
4h
Kia looks to roll out multiple powertrains to meet India demand
INDIA BUSINESS | Sat, 5 Sep 2026, 1:26AM IST
Kia India is preparing electric, hybrid, and CNG models for the Indian market. The company acknowledges a huge burden in predicting customer powertrain preferences. Its new Sorento SUV launches with hybrid and diesel options. Kia plans further hybrid and electric vehicle introductions by 2030. Affordability will significantly influence electrified powertrain market penetration.
Continue reading at Economic Times
4h
HUL bets on cost cuts, brand push to revive its growth: MD
INDIA BUSINESS | Sat, 5 Sep 2026, 1:25AM IST
Hindustan Unilever plans to boost growth by increasing capital expenditure and focusing on key areas. The company will invest more in brands, distribution, and new product categories. Premiumization and expanding into new market spaces will drive future turnover. HUL aims to improve margins and operating efficiencies for reinvestment. This strategy targets increased consumption and a shift towards higher-value products.
Continue reading at Economic Times
4h
Shalimar acquires 3-acre Lucknow land parcel for 450 crore, highest in tier 2 city
INDIA BUSINESS | Sat, 5 Sep 2026, 1:14AM IST
Shalimar Corp has acquired a three-acre land parcel in Lucknow for 450 crore. This acquisition marks a significant deal within tier two cities. Developers are actively acquiring land in prime locations due to rising demand. Consumers now seek planned neighborhoods with quality construction and modern amenities. This trend indicates a new wave of real estate growth in tier two cities.
Continue reading at Economic Times
4h
Telco operators reject quality of service norms for 5G slicing
INDIA BUSINESS | Sat, 5 Sep 2026, 1:08AM IST
Telecom operators oppose Trai's draft quality of service norms for 5G network slicing. They argue proposed resource utilization benchmarks should be entirely dropped by the regulator. Public advocacy groups, however, believe these benchmarks can be retained as safeguards. Operators state that actual customer impact is captured via speed and throughput metrics. They believe rigid cell-level thresholds create artificial network constraints and misallocate capital.
Continue reading at Economic Times
4h
Govindas get bigger safety net for Dahi Handi celebrations
INDIA BUSINESS | Sat, 5 Sep 2026, 12:43AM IST
Govindas participating in Dahi Handi celebrations now have doubled accidental hospitalisation cover. This increased protection comes with an unchanged premium of seventy-five rupees per person. Over 151,000 Govindas are covered this year, an increase from last year's participation. The policy provides ten lakh rupees for accidental death or permanent total disability. Coverage extends to training sessions and travel after the festival concludes.
Continue reading at Economic Times
4h
Fully compliant after Kenya orders it to exit Magadi mine: Tata Chemicals
INDIA BUSINESS | Sat, 5 Sep 2026, 12:19AM IST
Tata Chemicals on Friday said its Kenyan subsidiary is "fully compliant with the regulatory requirements" and has submitted all documentation sought by the government, pushing back after Kenyan President William Ruto ordered the Indian firm to leave the century-old Magadi soda ash operation it has run for two decades.
In a statement to stock exchanges, the company said Tata Chemicals Magadi Ltd (TCML) had received the Ministry of Mining, Blue Economy and Maritime Affairs' suspension letter dated July 28 and, on August 11, submitted "all the required information, reports and documentation," and is now "awaiting the Ministry's review of our submissions and its further direction."
"We respect the authority of the Government of Kenya and remain committed to constructive engagement through the appropriate legal and regulatory channels to resolve the outstanding matters," the company said, adding that its priority "continues to be the well-being of our employees, the Magadi community, our
Continue reading at Business Standard
5h
GST, overseas investments now in AIS
INDIA NEWS | Sat, 5 Sep 2026, 12:17AM IST
New Delhi: The Income Tax Department is broadening the scope of financial information required for taxpayers' annual information statements (AIS), bringing goods and services tax (GST) returns, foreign remittances for investment in mutual funds outside banking channels, and off-market securities transactions under the data net.The department is also allowing relevant information from another taxpayer's income tax return besides ongoing and completed tax proceedings to get reflected in the AIS.Also Read: New FTAs open big export gains across key sectorsWhile data on normal remittances through legal banking channels is already available with the tax department through tax deducted at source (TDS) provision, the additional information will also tap investment in derivative markets and unlisted companies overseas through brokers and overseas agents which used to escape the income tax net earlier.133775545The Central Board of Direct Taxes (CBDT) has also authorised the Director General of Income Tax (Systems) to upload this information within three months from the end of the month in which it's received, according to the latest framework being prepared."The expanded data pool strengthens the department's ability to match income and transactions declared in tax returns with information generated elsewhere, increasing the possibility of discrepancies being flagged during tax-compliance checks," a senior official told ET.Also Read: Maharashtra pitches for Belgium investmentsThe information will be used in the current scrutiny cycle and the next filing cycle, making tax evasion difficult for both companies. The sweep extends beyond transactions and information reported to the government by multiple agencies and financial intermediaries.For instance, while data was already shared between GST and the IT department, it was used only in cases under scrutiny. Henceforth, the direct inflow of the transaction in the AIS is likely to nudge taxpayers to report income more accurately.For investors, AIS can capture off-market transactions reported by depositories or registrars and transfer agents, dividends and mutual fund purchases reported by registrar and transfer agents (RTAs)."The changes are made on the basis of analysis of tax evasion instances, and with the advanced data analytics being fully functional, evasion will become extremely difficult," the official said. "Going forward, more data will be reflected, including donations, giving taxpayers enough information to report their income correctly."The provision allowing information contained in another taxpayer's ITR to be reflected in AIS is particularly significant. It gives the tax department a mechanism to bring relevant information reported in one taxpayer's return into the information trail of another taxpayer.In the last three years, the department has widely expanded the data pool that goes into AIS, strengthening its ability to match income and transactions declared in tax returns with information generated elsewhere, increasing the possibility of discrepancies being flagged during tax compliance checks. This year, the department has included information regarding foreign income for filing returns.Taxpayers will get a chance to contest information, if they find it incorrect. The income tax portal already allows taxpayers to view AIS through website or taxpayer mobile application and submit feedback if an entry is incorrect or duplicated. Responses can also be submitted through the department's offline utility.
Continue reading at Economic Times
5h
New renewable energy units may need to store 10% power for 2 hours
INDIA BUSINESS | Sat, 5 Sep 2026, 12:10AM IST
According to the draft amendment to the Central Electricity Authority (Technical Standards for Construction of Electric Plants and Electric Lines) Regulations, plants commissioned from July 2027 are required to install the co-located storage.
Continue reading at Economic Times
5h
INDIA MARKET | Sat, 5 Sep 2026, 12:00AM IST
Teachers' Day 2026: Heartfelt wishes, messages, quotes and captions to honour and appreciate teachers.
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5h
Paytm Digital Gold Gets New Use: Users Can Buy CaratLane Jewellery
INDIA MARKET | Fri, 4 Sep 2026, 11:41PM IST
Paytm users can now redeem Digital Gold to purchase CaratLane jewellery through the app.
Continue reading at NDTV
5h
Robust Hiring Reinforces Strength of the U.S. Economy
GLOBAL NEWS | Fri, 4 Sep 2026, 11:34PM IST
Employers added 162,000 jobs and unemployment held at 4.1 percent last month, signs of a stability that contrasted with high inflation weighing on households and markets.
Continue reading at The New York Times
6h
Mkts regulator presses ahead against Hindenburg, others in Adani case
INDIA MARKET | Fri, 4 Sep 2026, 11:31PM IST
Sebi has begun hearing representations as it seeks to recover gains from trades allegedly based on prior knowledge of Hindenburg Research's Adani report
Continue reading at Business Standard
6h
'Why Did You Spoil Border 2?' Samay Raina's Hilarious Roast Of Varun Dhawan Goes Viral
INDIA MARKET | Fri, 4 Sep 2026, 11:25PM IST
Samay Raina roasts Varun Dhawan on India's Got Latent 2 over Border 2.
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6h
Strong Hiring Reinforces Strength of the U.S. Economy
GLOBAL NEWS | Fri, 4 Sep 2026, 11:24PM IST
Employers added 162,000 jobs and unemployment held at 4.1 percent last month, signs of a stability that contrasted with high inflation weighing on households and markets.
Continue reading at The New York Times
6h
It's A Wrap For Love And War! Ranbir Kapoor, Alia Bhatt And Vicky Kaushal Complete Shoot
INDIA MARKET | Fri, 4 Sep 2026, 11:14PM IST
Ranbir Kapoor, Alia Bhatt and Vicky Kaushal wrap the shoot of Love And War ahead of its 2027 release.
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6h
Rajinikanth's Jailer 2 Gets Release Date; Sequel Set For Dussehra 2026
INDIA MARKET | Fri, 4 Sep 2026, 11:14PM IST
Rajinikanth's Jailer 2 to hit theatres on October 15, 2026.
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6h
Hormuz, Missiles, Cyberattacks: How Iran Is Gaining Leverage In US War: Report
INDIA MARKET | Fri, 4 Sep 2026, 11:13PM IST
US intelligence says Tehran better understands its military strengths and Washington's limits.
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6h
RBI's 30-day VRRR auction raises odds of rate hike in October policy
INDIA MARKET | Fri, 4 Sep 2026, 11:11PM IST
Fx reserves swell to nearly $741 bn, driven by rush of swap dollars
Continue reading at Business Standard
6h
A-I Phuket flight faced triple hydraulic loss, not adverse weather: AAIB
INDIA MARKET | Fri, 4 Sep 2026, 11:10PM IST
Services of pilot-in-command who tested positive for drug use terminated
Continue reading at Business Standard
6h
Rentomojo, Manipal Payment, Karamtara, and LCC Projects price IPOs
INDIA MARKET | Fri, 4 Sep 2026, 11:02PM IST
Four IPOs, including Rentomojo and Karamtara Engineering, will open on September 9, while ESDS Software surged 109% on debut and Apana Logistics prepares its SME issue
Continue reading at Business Standard
6h
Strong jobs report fuels Fed rate hike prospects as Trump escalates rate cut pressure
INDIA MARKET | Fri, 4 Sep 2026, 11:01PM IST
A stronger US jobs report has raised expectations of a September Fed rate hike, while Donald Trump has stepped up pressure on the central bank to cut interest rates. Markets now await US inflation data, which could determine the Fed's next policy move.
Continue reading at Economic Times
6h
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