Rays of Belief IPO ends with 107.71 times subscription
INDIA MARKET | Fri, 4 Sep 2026, 4:50PM IST
The offer received bids for 33.79 crore shares as against 31.37 lakh shares on offer.
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Sneaker startup Comet raises 100 crore in Series B led by Verlinvest
INDIA MARKET | Fri, 4 Sep 2026, 4:36PM IST
Elevation Capital and Nexus Venture Partners also participated, while Urban Company's Abhiraj Singh Bhal, Snap's Ajit Mohan and entrepreneur Anand Ahuja joined as angel investors
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INDIA MARKET | Fri, 4 Sep 2026, 4:21PM IST
German bond yields are rising for the fourth consecutive week as investors anticipate the European Central Bank will maintain restrictive monetary policy to combat inflation. Simultaneously, oil prices are climbing amid US-Iran tensions, heightening concerns over persistent inflation.
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Rupee rises 2 paise to close at 94.49 against US dollar
INDIA MARKET | Fri, 4 Sep 2026, 4:19PM IST
The Indian rupee has risen by two paise, closing at 94.49 against the US dollar, buoyed by positive foreign investments and an increased appetite for risk. However, the rising prices of crude oil and ongoing US-Iran tensions may hinder further appreciation. With this, the rupee has marked six sessions of consecutive gains, prompting traders to keep an eye on US non-farm payroll data for upcoming market trends.
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INDIA MARKET | Fri, 4 Sep 2026, 4:13PM IST
The FCNR(B) schemes $127 billion inflows should boost banking sector earnings by Rs 10,00011,000 crore annually, despite potential near-term margin pressure. Analysts highlight significant benefits for small private banks and NBFCs, while providing the RBI with increased foreign exchange reserves.
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Ola Electric shares gain 4% as EV maker rolls out first dealer-led stores
INDIA MARKET | Fri, 4 Sep 2026, 4:11PM IST
Ola Electric shares rose nearly 4% after the EV maker launched its first dealer-led stores across seven states. The move comes a month after opening its sales and service network to partners. Ola Electric plans to expand to more than 500 dealerships over the next couple of quarters to strengthen its retail presence.
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Sensex, Nifty snap 4-day losses; metal shares shine
INDIA MARKET | Fri, 4 Sep 2026, 4:05PM IST
The Nifty settled near the 23,900 level, while the Sensex also closed above 76,500 mark. However, market sentiment remained cautious ahead of the US nonfarm payrolls report, due later today. Investors are awaiting the data for fresh cues on the Federal Reserves monetary policy trajectory and the outlook for interest rates.
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Comet, the homegrown sneaker brand, raises Rs 100 crore in Series B round led by Verlinvest
INDIA BUSINESS | Fri, 4 Sep 2026, 4:05PM IST
Homegrown sneaker brand Comet secured Rs 100 crore in Series B funding. This investment was led by Verlinvest and included existing investors. The capital will fuel retail expansion and product development initiatives. Comet plans to double its footwear models and reach twenty stores. This funding will significantly scale the brand's national presence.
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A homegrown sneaker brand raises Rs 100 cr
INDIA NEWS | Fri, 4 Sep 2026, 4:05PM IST
New Delhi: Homegrown sneaker brand Comet on Friday said it has raised Rs 100 crore in a Series B funding round led by global investment firm Verlinvest to scale its retail presence and strengthen product development.The funding round saw participation from existing investors Elevation Capital and Nexus Venture Partners, who doubled down on their investment, alongside angel investors like Abhiraj Singh Bhal (Co-founder, Urban Company), Ajit Mohan (Global CBO, Snap Inc) and Anand Ahuja (Founder, Bhaane), among others.Also read: Blue Tokai: India's small home roaster that brewed a multi-thousand-crore caf businessThe company plans to deploy the fresh capital for accelerating retail expansion, strengthening technology capabilities and product development, and investing in research and development."Retail has become a significant growth driver for Comet, with our stores consistently outperforming the broader athleisure category in the markets we operate in. That gives us a strong foundation to continue expanding our physical presence and take the brand to more cities. With this round, we can accelerate that expansion and build a much larger retail footprint across India," Utkarsh Gupta, Co-founder of Comet, said.Founded in 2023, the Bengaluru-based company currently operates four footwear models and aims to double its portfolio to eight models by the end of next year.Also read: Puma bets on pricier sneakers as Indias sportswear race heats upOn the retail front, Comet said it is set to reach 10 stores in September 2026 and targets a total of 20 stores by the end of FY27.
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RBI absorbs 6.02 trillion via VRRR auctions amid record liquidity surplus
INDIA BUSINESS | Fri, 4 Sep 2026, 4:00PM IST
The Reserve Bank of India (RBI) on Friday absorbed over Rs 6.02 lakh crore from the banking system through two variable rate reverse repo (VRRR) auctions as surplus liquidity remained at a record high.
The central bank received and accepted bids worth Rs 5,41,975 crore in a three-day VRRR auction against the notified amount of Rs 7 lakh crore. The auction was conducted at a cut-off rate of 5.24 per cent.
In another three-day VRRR auction, against a notified amount of Rs 1.5 lakh crore, banks parked Rs 60,419 crore with the RBI, also at 5.24 per cent.
Together, the two operations helped the RBI absorb Rs 6,02,394 crore of surplus liquidity.
The RBI has stepped up liquidity absorption operations as the banking system has been flooded with funds following large inflows through the special FCNR(B) deposit scheme.
Currently, liquidity in the banking system is estimated to be in surplus of around Rs 10.32 lakh crore as on September 3, according to the RBI's data.
The RBI's special fore
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Can Big Techs $1-trillion AI bet pay off? Jefferies explains why it remains bullish
INDIA MARKET | Fri, 4 Sep 2026, 3:58PM IST
Jefferies remains bullish on Big Techs $1-trillion AI investment despite near-term financial pressure. Rising customer backlogs, strong cloud revenue, and improving infrastructure economics support this outlook, though power shortages and regulatory delays remain potential risks for enterprise adoption.
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Top 8 equity mutual funds deliver over 40% returns on SIP investments in 1 year. Do you own any?
INDIA MUTUAL FUNDS | Fri, 4 Sep 2026, 3:55PM IST
The top eight equity mutual funds delivered over 40% returns on SIP investments in the last one year, with seven smallcap funds and one focused fund making the cut. Bank of India Small Cap Fund topped the list with a 49.99% return, while 247 of the 293 equity funds analysed delivered positive SIP returns during the period.
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INDIA MARKET | Fri, 4 Sep 2026, 3:53PM IST
Charlie Munger believed denial is a major cause of poor decisions, especially when people ignore uncomfortable facts. For investors, accepting mistakes, reassessing assumptions and changing course when fundamentals deteriorate can prevent manageable losses from becoming significantly larger financial setbacks.
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Jayaswal Neco Industries Ltd leads losers in 'A' group
INDIA MARKET | Fri, 4 Sep 2026, 3:50PM IST
KEI Industries Ltd, R R Kabel Ltd, Polycab India Ltd and Power Mech Projects Ltd are among the other losers in the BSE's 'A' group today, 04 September 2026.
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SBI Small Cap, Kotak Small Cap among 8 small-cap funds that lacked consistency over 5 years
INDIA MUTUAL FUNDS | Fri, 4 Sep 2026, 3:47PM IST
Eight small-cap funds recorded low performance consistency over the past five years, with scores ranging from 20% to 46%, according to the CRI Mutual Fund Scorecard for the quarter ended June 2026. LIC MF Small Cap Fund had the highest consistency score at 46%, while Kotak Small Cap Fund ranked lowest at 20%.
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Ola Electric opens first batch of dealer-led stores, targets 500+ outlets
INDIA BUSINESS | Fri, 4 Sep 2026, 3:46PM IST
Ola Electric has opened its first dealer-operated stores across seven Indian states. This strategic shift aims to deepen its presence in regional markets and improve product accessibility. The company plans to establish over 500 dealerships in the coming quarters. Existing company-owned stores will transition into brand product experience centers. This move is expected to boost electric vehicle adoption among Indian households.
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Smaller cities drive 64% of home loans as volumes surge 81%: Report
INDIA BUSINESS | Fri, 4 Sep 2026, 3:45PM IST
Digital processing of housing-finance applications rose to 92% by 2024 from 60% in 2020, while 42% of lenders now get most enquiries online
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Bethlehem Kudumba Unit Box Office Collection 15: Malayalam RomCom Continues Its Dream Run
INDIA MARKET | Fri, 4 Sep 2026, 3:43PM IST
Directed by Girish AD, Bethlehem Kudumba Unit stars Nivin Pauly and Mamitha Baiju in the lead roles.
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Stock Market Close: Sensex snaps 4-day losing streak, jumps 363 pts; Nifty settles at 23,898
INDIA MARKET | Fri, 4 Sep 2026, 3:42PM IST
Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap fell 0.25 per cent and the Nifty SmallCap rose 0.22 per cent
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Stock Market Today Highlights: Nifty 50 Closes In Red, Auto Index Top Loser This Week
INDIA MARKET | Fri, 4 Sep 2026, 3:41PM IST
Rupee opened 3 paise higher at 94.46 against the US dollar.
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INDIA BUSINESS | Fri, 4 Sep 2026, 3:40PM IST
The Delhi High Court has thrown out a compensation claim related to a man's death after he reportedly fell from a moving train en route from Patna. The court highlighted discrepancies in the ticket purchasing time that conflicted with the train's departure schedule. Additionally, there were no hospital records or documentation of death presented, leading to the conclusion that the claimant could not establish the deceased as a valid passenger.
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Half of VW's job cuts will be in Germany
INDIA NEWS | Fri, 4 Sep 2026, 3:37PM IST
BERLINLower Saxony's state premier Olaf Lies said on Friday that around half of Volkswagen's 50,000 job cuts will be in Germany and that there is no agreement on plant closures.Stopping car production at plants such as Emden or Hanover, both in his northern German state, is unimaginable, and there is a chance to retain production at German plants by looking at other perspectives, said Lies, who is a member of the group's supervisory board.Also Read| Volkswagen to fire 12% of its India workforce amid major cost overhaul"The day before yesterday, there was talk of closing the plants. With the decision (on the group's future), there is an opportunity to create prospects both in car manufacturing and, where that might not be possible, through other ways," Lies said.The group's supervisory board, of which Lies is a member, on Thursday struck a turnaround agreement that puts the focus on job cuts and averted a clash between major stakeholders.
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Two US Sailors Sent Back To Ship After Drunken Brawl In Thailand
INDIA MARKET | Fri, 4 Sep 2026, 3:37PM IST
Two US sailors sent back to aircraft carrier after drunken brawl
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The First Month Of CAS Has Identified The Next Market Structure Question
INDIA MARKET | Fri, 4 Sep 2026, 3:32PM IST
Nothing has actually traded until the final match. Derivatives are pricing and hedging against that non-transacted number in real time, and on expiry day, ultimately settling against wherever it lands.
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Ola Electric's first dealer-partner stores now open across seven states
INDIA BUSINESS | Fri, 4 Sep 2026, 3:31PM IST
Ola Electric on Friday announced the launch of its first cohort of network-partner stores, with dealer-operated outlets in the states of Rajasthan, Tamil Nadu, Maharashtra, Bihar, Telangana, Uttar Pradesh & Madhya Pradesh going live.
The stores deepen the company's presence in key regional markets and will serve local demand for Ola scooters and motorcycles in their local markets.
The inauguration marks a structural shift in the company's retail strategy.
On August 6, Ola Electric opened its sales and service network to dealer partners for the first time, five years after launching its first scooter through a fully company-owned model.
Within a month of that announcement today, the first partner stores are open and serving customers, a testament to strong dealer interest in its product portfolio.
The transition to a partner-led distribution network enables stronger local market penetration, improved accessibility, and faster customer response across geographies.
Manoj Murali, ...
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INDIA BUSINESS | Fri, 4 Sep 2026, 3:25PM IST
Train garbage disposal system: Indian Railways has developed a new garbage disposal system for LHB coaches to improve waste management during long-distance journeys. The system significantly increases waste storage capacity, holding up to 367.4 litres of refuse. Passengers can dispose of waste through a drop box, which transfers it to an undergear collector. Made of stainless steel, the collector is designed for durability, easy removal and maintenance after journeys.
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Stock Market LIVE: Sensex rises 493 pts, Nifty at 23,938 at closing auction session
INDIA MARKET | Fri, 4 Sep 2026, 3:22PM IST
Sensex Today | Stock Market LIVE Updates Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap were trading 0.2 per cent and 0.66 per cent higher, respectively
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Jhaveri Credits receives LoA from New & Renewable Energy Development Corporation of Andhra Pradesh
INDIA MARKET | Fri, 4 Sep 2026, 3:16PM IST
For installation of grid-connected rooftop solar power on govt. buildings in Andhra Pradesh
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JSW Energy's operational capacity crosses 15 GW, renewables at 60%
INDIA BUSINESS | Fri, 4 Sep 2026, 3:16PM IST
JSW Energy on Friday said the company's total operational capacity has crossed 15 gigawatt mark, with renewables having 60 per cent share.
Of 15,025 megawatt (MW), 9,067 MW is renewable energy -- 3,125 MW wind, 2,426 MW solar, 1,735 MW hybrid, and 1,781 MW is hydro power capacity, JSW Energy said in an exchange filing.
The thermal portfolio stands at 5,958 MW.
The company said it remains on track to meet its greenfield capacity addition target of 3 GW for FY2027, having achieved approximately 42 per cent of the target to date.
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Akasa Air expands Southeast Asia footprint
INDIA NEWS | Fri, 4 Sep 2026, 3:13PM IST
Akasa Air on Friday began operations in Hanoi, Vietnam, with four weekly direct flights connecting the city with Mumbai. Hanoi is the airlines seventh international destination and its second destination in Southeast Asia after Phuket.The inaugural flight departed from Mumbais Chhatrapati Shivaji Maharaj International Airport at 5:35 am IST and arrived at Noi Bai International Airport in Hanoi at 12 pm local time.The new route aims to meet rising demand among Indian travellers visiting Vietnam and support growing tourism and business links between the two countries.The flag-off ceremony at Mumbai airport was attended by Anand Srinivasan, co-founder and chief commercial officer of Akasa Air; Bhavin Joshi, co-founder and senior vice-president of strategy; Vietnams Ambassador to India Trinh Minh Manh; and Le Quang Bien, consul general of Vietnam.Representatives from the Adani Group, the Central Industrial Security Force, customs and immigration departments also attended the event.With the new service, travellers from Mumbai will have direct access to Hanoi, known for its cultural heritage, cuisine and scenic attractions. The route also gives passengers more options for travel between India and Vietnam.Akasa Air has served more than 30 million passengers since starting operations in August 2022. The airline currently connects 29 domestic and seven international cities.Its international network includes Doha, Jeddah, Riyadh, Abu Dhabi, Kuwait City, Phuket and Hanoi.Akasa Air operates 43 Boeing 737 MAX aircraft. It has placed an order for 226 Boeing 737 MAX planes powered by CFM LEAP-1B engines.The airline said its aircraft offer features such as additional legroom and USB ports on most planes. Its onboard meal service, Caf Akasa, includes several meal options, while other services include paid seat selection, extra seats and holiday packages.
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Akasa Air expands Southeast Asia footprint with new Vietnam flights
INDIA BUSINESS | Fri, 4 Sep 2026, 3:13PM IST
Akasa Air has launched four weekly direct flights between Mumbai and Hanoi, making the Vietnamese capital its seventh international destination. Hanoi is also the airlines second destination in Southeast Asia after Phuket, expanding travel options between India and Vietnam.
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Bodhan AI releases open-weight Indian-language AI models for education
INDIA BUSINESS | Fri, 4 Sep 2026, 3:13PM IST
Open AI models and sovereign APIs enable ecosystem partners to build multilingual solutions, while TutorBot and Teacher Assistant Bot bring AI support to students and teachers
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SpaceX, Blue Origin Pull Out Of Paris Space Summit After Reported US Pressure
INDIA MARKET | Fri, 4 Sep 2026, 3:05PM IST
SpaceX and Blue Origin pull out of Macrons Paris space summit amid US pressure
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PayPal India Layoffs: Payments Firm Cuts 220 Jobs Amid Turnaround Plan
INDIA MARKET | Fri, 4 Sep 2026, 3:04PM IST
The payments giant aims to save $400 million by the end of 2026.
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EUR/USD sees limited gains but holds above 1.1600 mark
INDIA MARKET | Fri, 4 Sep 2026, 3:04PM IST
Powered by Capital Market - Live News
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'No Steering Wheel, No Pedals: Tesla Teases Cybercab Takeover In Austin
INDIA MARKET | Fri, 4 Sep 2026, 3:04PM IST
Tesla has teased its Cybercab robotaxi ahead of an Austin event, with driverless vehicles spotted on public roads without steering wheels or human drivers.
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Namibia vs South Africa Live Streaming: Date, Time, Where To Watch And Points Table
INDIA MARKET | Fri, 4 Sep 2026, 3:00PM IST
Namibia defeated South Africa by 18 runs in the opening encounter.
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Knight Frank India elevates Viral Desai as CEO, to take charge from April 2027
INDIA BUSINESS | Fri, 4 Sep 2026, 2:59PM IST
Knight Frank India has appointed Viral Desai as its new Chief Executive Officer. Desai will assume leadership of the company's India operations starting April 1, 2027. He has been a dedicated employee with the firm since 2007. Desai brings extensive experience in transactions and business development to his new role. He will work closely with the current CMD during the transition period.
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Bitcoin climbs nearly 4% to $81,000 as ETF inflows, strategy buying support rally
INDIA MARKET | Fri, 4 Sep 2026, 2:57PM IST
Bitcoin climbed above $81,000, supported by U.S. spot ETF inflows and renewed buying by Strategy, while Ethereum and major altcoins also advanced. Experts remained broadly bullish but flagged stretched momentum, with Bitcoins daily and hourly RSI in overbought territory and key resistance around $81,000-$81,500 and $83,300.
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ACME Solar rallies 7%, hits new high; stock up 120% from CY2026 low
INDIA MARKET | Fri, 4 Sep 2026, 2:54PM IST
Looking ahead, ACME Solar said it is steadily executing its long-term growth plan to scale up to 10 GW of generation capacity alongside 25 GWh of battery storage capacity by 2030.
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Sensex, Nifty trade in positive terrain; metal shares shine
INDIA MARKET | Fri, 4 Sep 2026, 2:51PM IST
Metal shares gained for second consecutive trading sessions.
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