Six companies make record stock market debut in a day, five end higher
INDIA BUSINESS | Thu, 17 Sep 2026, 7:30PM IST
Five of the six companies ended above their issue prices, led by Karamtara Engineering, as a record number of mainboard firms listed on the stock exchanges in a day
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India launches 16th round of commercial coal mine auctions, offering 25 blocks for investment
INDIA BUSINESS | Thu, 17 Sep 2026, 7:27PM IST
The Ministry of Coal launched its sixteenth commercial coal mine auction round. Twenty-five blocks across several states are now available for investor participation. Six previously auctioned mines have awarded development and production agreements to winning bidders. These mines are projected to generate significant revenue and employment opportunities. India's coal output has seen a notable increase in recent fiscal years.
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Trump Seeks Made in U.S.A. Labels on Beef as Import Rule Angers Ranchers
GLOBAL NEWS | Thu, 17 Sep 2026, 7:26PM IST
The Agriculture Department hopes Americans will pay more for U.S. beef, in an attempt to appease ranchers upset over increased, cheaper imports.
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Oil India to invest Rs 15,000 crore over three years in deepwater exploration, eyes eight wells
INDIA BUSINESS | Thu, 17 Sep 2026, 7:17PM IST
Oil India plans to invest approximately fifteen thousand crore rupees in deepwater exploration over three years. The company intends to drill eight wells, contingent on seismic data interpretation for identifying prospects. The government is actively promoting deepwater exploration and offering financial support for drilling costs. Oil India will partner with foreign firms for upcoming exploration licensing rounds. Current global market conditions encourage companies to invest in exploration activities.
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As a New Oil Power, China Gains More Sway Over Energy Markets
GLOBAL NEWS | Thu, 17 Sep 2026, 7:13PM IST
The war with Iran revealed just how much influence the worlds biggest oil importer has over prices and other countries supplies of jet fuel, gasoline and diesel.
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Hiranandani-backed Greenbase to invest 3,500 cr in logistics space
INDIA BUSINESS | Thu, 17 Sep 2026, 7:11PM IST
Greenbase plans to develop 9 million sq ft of industrial, warehousing and logistics infrastructure over five years, with 5 million sq ft planned in Tamil Nadu
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US stocks today: S&P, Nasdaq soar 1% at open as easing oil prices boost Fed hike relief
INDIA MARKET | Thu, 17 Sep 2026, 7:10PM IST
US stocks opened higher on Thursday as falling oil prices improved investor sentiment following the Federal Reserve's first rate hike under Chair Kevin Warsh. The Dow rose 0.82%, the S&P 500 gained 1.05% and the Nasdaq climbed 1.54% at the open, extending gains across major indexes.
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NDude Labs invests in nutraceutical ingredients firm Nutriventia
INDIA BUSINESS | Thu, 17 Sep 2026, 7:07PM IST
The investment will help Nutriventia strengthen its research and development pipeline, expand its global commercial presence and scale its proprietary ingredient technology platform, the company said in a statement.
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Chandra's reappointment 'illegal', says Noel Tata-led Tata Trusts
INDIA BUSINESS | Thu, 17 Sep 2026, 7:03PM IST
Tata Trusts has called N Chandrasekaran's reappointment as Tata Sons chairman "illegal", citing the company's Articles of Association and Noel Tata's dissenting vote
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Centre-state meet to discuss GST 2.0 impact, Viksit Bharat roadmap
INDIA NEWS | Thu, 17 Sep 2026, 6:54PM IST
The two-day conference will discuss GST 2.0, the macroeconomic outlook and financing for agricultural transformation, energy transition and Viksit Bharat
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DheyaTech raises 43 crore to scale up small gas turbine engine output
INDIA BUSINESS | Thu, 17 Sep 2026, 6:51PM IST
Avaana Capital-led funding will help DheyaTech expand manufacturing, establish an integrated testing facility and accelerate deployment of its propulsion technologies.
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India's textile exports up around 10% on year in first five months of FY27
INDIA MARKET | Thu, 17 Sep 2026, 6:50PM IST
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6 Business frameworks every entrepreneur should know before scaling
INDIA BUSINESS | Thu, 17 Sep 2026, 6:49PM IST
Scaling a business brings more customers, costs, people, and decisions. Simple business frameworks can help entrepreneurs assess opportunities, understand unit economics, manage growth, and use technology without losing control of the business.
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FinMin allays fears of increase in cash transactions post UPI MDR levy: Sources
INDIA BUSINESS | Thu, 17 Sep 2026, 6:41PM IST
The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI volume will be affected by this new charge. RuPay debit card transactions will remain free, mitigating cash transaction concerns. The ministry will monitor to prevent MDR burden transfer to consumers. This measure aims to create a sustainable digital payments ecosystem framework.
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NSE IPO subscribed 43% on first day as non-institutional investors lead
INDIA MARKET | Thu, 17 Sep 2026, 6:34PM IST
The 22,560 crore IPO received bids for 38 million shares against 88.6 million on offer, with the non-institutional investor portion subscribed 72 per cent
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US weekly jobless claims unexpectedly fall
INDIA NEWS | Thu, 17 Sep 2026, 6:34PM IST
Washington: The number of Americans filing claims for unemployment benefits unexpectedly fell last week,but the decline likely overstates the health of the labor market.Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 196,000 for the week ended September 12, the Labor Department said on Thursday. Economists polled by Reuters had forecast 208,000 claims for the latest week. The surprise drop likely reflected volatility around last week's Labor Day holiday. Claims are difficult to adjust for seasonal fluctuations around moving public holidays.Read more: US unemployment claims dip to 206,000 as layoffs continue to remain rareThe underlying trend remained consistent with a labor market that has regained its poise after wobbling through much of summer.The Federal Reserve on Wednesday raised interest rates for the first time since July 2023 and flagged further increases in borrowing costs in the months ahead. Fed Chairman Kevin Warsh singled out the labor market as "one basic sign of strength," adding that policymakers believed "that the unemployment rate is basically running consistent with full employment."The Fed's overnight benchmark interest rate was raised by a quarter of a percentage point to the 3.75%-4.00% range.Read more: H-1B should not exist to replace American workers with low-wage foreigners: JD VanceThe claims data covered the week during which the government surveyed employers for the nonfarm payrolls component of September's employment report. Nonfarm payrolls increased by 162,000 jobs in August after job growth slowed sharply in the prior three months.The claims report showed the number of people receiving unemployment benefits after an initial week of aid, a proxy for hiring, dropped 39,000 to a seasonally adjusted 1.730 million during the week ended September 5.Labor market stability is mostly from low layoffs. Economists say businesses remain hesitant to boost hiring in the face of headwinds, including the U.S.-Israeli war with Iran, which is driving up oil prices and stoking inflation.
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Consumer durable loans: Avoid hidden costs and risk of overleveraging
INDIA BUSINESS | Thu, 17 Sep 2026, 6:29PM IST
Compare the annual percentage rates across players, and also compare the total cost of cash and EMI options to understand the actual cost
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Semicon India: Tata Electronics inks pacts with global, Indian players
INDIA BUSINESS | Thu, 17 Sep 2026, 6:27PM IST
Partnerships with Nexperia, Fujifilm, Besi, SCL and Gati Shakti Vishwavidyalaya span wafer fabrication, advanced packaging, materials, chip design and skilling
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Bank of England Holds Rates Steady but Warns of Higher Inflation
GLOBAL NEWS | Thu, 17 Sep 2026, 6:21PM IST
The decision was announced a day after data showed the fastest pace of price increases in months.
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NSE enters Indias mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
INDIA MARKET | Thu, 17 Sep 2026, 6:19PM IST
NSEs Rs 22,561.57 crore IPO ranks as Indias second-largest, behind Hyundai Motor India. The exchange attracted 189 anchor investors and raised Rs 6,746.18 crore before opening for public subscription, making it the second-highest in the historical anchor investor comparison.
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HCLTech launches new business unit to help mid-sized firms scale AI
INDIA BUSINESS | Thu, 17 Sep 2026, 6:17PM IST
HCLTech Pulse will target enterprises with annual revenues of $500 million to $5 billion, offering AI, data, cloud, cybersecurity and engineering services
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Mauritius-based Soach Global to make 25 times return from NSE IPO
INDIA MARKET | Thu, 17 Sep 2026, 6:16PM IST
Mauritius-based Soach Global is set to make nearly 25 times returns on its decade-old NSE investment, with its 82.5 lakh shares now valued at up to Rs 1,472 crore at the IPO price band. The fund is selling 16.5 lakh shares, while retaining 66 lakh shares as a long-term investment.
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Sanjay Nayar buys Rs 90 crore luxury apartment in South Mumbais Carmichael Road
INDIA BUSINESS | Thu, 17 Sep 2026, 6:15PM IST
The transaction involves a 4,537.29 sq ft apartment on the first floor of Kamal Mahal, Anand Kamal Co-operative Housing Society Ltd, located on M L Dahanukar Marg, also known as Carmichael Road. The deal works out to around Rs 1.98 lakh per sq ft based on the carpet area.
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Sorin's Sanjay Nayar buys Rs 90 cr luxe home
INDIA NEWS | Thu, 17 Sep 2026, 6:15PM IST
MUMBAI: Sanjay Nayar, founder of Sorin Investment Fund and former chief executive officer of KKR India, has purchased a luxury apartment in south Mumbais plush Carmichael Road for Rs 90 crore, making it one of the countrys most expensive residential property transactions on a per sq ft basis.The transaction involves a 4,537.29 sq ft apartment on the first floor of Kamal Mahal, Anand Kamal Co-operative Housing Society Ltd, located on M L Dahanukar Marg, also known as Carmichael Road. The deal works out to around Rs 1.98 lakh per sq ft based on the carpet area.The transaction, registered on Tuesday includes an open garage measuring 225.89 sq ft. The total registered area of the property, including the garage, is 5,448.9 sq ft, showed registration documents accessed through Zapkey.com.Also read | Tata Trusts opposes Chandras return; standoff may escalateThe purchase adds to a series of high-value residential transactions in Mumbais premium neighbourhoods, where limited inventory, large-format apartments and strong demand for trophy residences have continued to support elevated property values.Kamal Mahal, earlier known as Sethna House, was developed over seven decades ago and was among first buildings to come up on Carmichael Road. The seven-storey Kamal Mahal and the adjacent Anand building both are spread over a two-acre plot with a landscape garden.Malabar Hill, along with nearby areas such as Cumballa Hill and Altamount Road, has remained among Mumbais most sought-after residential locations, with transactions for large apartments often commanding substantial ticket sizes and setting new benchmarks.Also read | Tata Sons approves 5-year extension for ChandraIn December 2022, Nayar founded Sorin Investment Fund, an investment platform focused on growth and private equity investments. He previously served as CEO of KKR India and is also a board member of FSN E-Commerce Ventures, the parent company of Nykaa.ETs email query to Nayar remained unanswered until the time of going to press.The latest transaction comes amid continued activity in Mumbais luxury residential market, particularly for large apartments in established south and central Mumbai neighbourhoods. High-value transactions have also been recorded across areas such as Worli, Prabhadevi, Bandra and Juhu, driven by demand from entrepreneurs, corporate executives and investors.The nearly Rs 100-crore purchase underscores the continued willingness among high-net-worth buyers to acquire large-format residences in Mumbais established luxury markets, where availability of sizeable apartments is relatively limited.
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Bank of England sounds inflation alarm as it holds interest rates
INDIA MARKET | Thu, 17 Sep 2026, 6:14PM IST
The Bank of England has decided to hold interest rates steady at 3.75 percent and is currently halting gilt sales. With inflation risks escalating, there are concerns prices may exceed four percent next year. Governor Andrew Bailey indicated that ongoing conflict might require a shift towards tighter monetary measures. Interestingly, three members of the Monetary Policy Committee pushed for a rate hike.
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Delhi HC records takedown of Bombay Shaving Co ad in Gillette dispute
INDIA BUSINESS | Thu, 17 Sep 2026, 6:10PM IST
Bombay Shaving Company told the Delhi High Court that the advertisement and references to the court and earlier litigation had been removed from platforms under its control
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RBI may increase debt sales to drain surplus liquidity after 9 years
INDIA NEWS | Thu, 17 Sep 2026, 6:09PM IST
Indian bond traders expect the central bank to step up bond sales for liquidity absorption, as policymakers likely seek to strengthen transmission of expected rate hikes
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An 11-year bet on rented sofas pays off for Accel as RentoMojo lists
INDIA BUSINESS | Thu, 17 Sep 2026, 6:09PM IST
RentoMojo shares jumped nearly 19% on debut as Accel, the platform's earliest institutional backer, sold about 317 crore of stock, the single largest stake in the IPO
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INDIA BUSINESS | Thu, 17 Sep 2026, 6:08PM IST
The Railway Board has raised concerns over severe corrosion in LHB coach bogies, an issue flagged by senior engineers during a recent meeting of principal chief mechanical engineers. Lavatory areas and coaches operating in coastal regions have been identified as particularly vulnerable to corrosion. Railway authorities have been advised to strengthen cleaning and maintenance practices, while critical safety components will receive closer attention during scheduled inspections.
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Hiranandanis Greenbase to invest Rs 2,000 cr to develop 5 million sq ft in Tamil Nadu
INDIA BUSINESS | Thu, 17 Sep 2026, 6:07PM IST
Greenbase plans a significant Rs 2,000 crore investment in Tamil Nadu. This expansion will develop five million square feet across two key locations. The company is acquiring additional land for further growth and development. This initiative supports India's manufacturing and logistics sector expansion. Future developments will focus on sustainability and advanced infrastructure.
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Voltas among 7 stocks hitting 52-week low; slipped up to 10% in a month
INDIA MARKET | Thu, 17 Sep 2026, 5:56PM IST
Seven BSE 200 stocks touched fresh 52-week lows on Thursday as the Sensex closed 22 points lower at 74,314. Voltas, United Breweries, Shree Cement and Maruti Suzuki declined about 11% each over the past month, while Wipro, Bank of Baroda and UPL also weakened.
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Puravankara Ltd eyes Rs 2,600 cr revenue from redevelopment of 3 housing societies in Mumbai
INDIA MARKET | Thu, 17 Sep 2026, 5:54PM IST
Puravankara Ltd will redevelop three housing societies in Mumbai. The realty firm expects a total revenue of Rs 2,600 crore. These projects are located in Bangur Nagar, Goregaon West, Mumbai. They offer a total developable potential of 1.05 million sq ft. Puravankara has completed 97 projects across various Indian cities.
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Softer oil buoys India bonds after Fed hike
INDIA MARKET | Thu, 17 Sep 2026, 5:53PM IST
Indian government bonds made a recovery on Thursday, moving past initial setbacks as falling oil prices lessened worries about a potential rate hike from the Reserve Bank of India. The key 6.94% 2036 bond yield ended the day slightly below Wednesday's mark. Overnight indexed swap rates also showed signs of recovery late in the trading session due to the ongoing drop in oil prices.
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INDIA MARKET | Thu, 17 Sep 2026, 5:50PM IST
The Indian rupee, which slipped below the 96 level in intraday trade, ended Thursday's session with a loss of just 3 paise at 95.94 (provisional) against the US dollar, paring initial losses. The rupee ended almost flat amid a slight fall in the dollar index and crude oil prices, which supported investor sentiment despite global geopolitical volatility. The local currency, however, stayed under pressure due to outflows of foreign funds and global trade uncertainties after the House of Representatives cleared a law authorising President Donald Trump to impose up to a 100 per cent tariff on India and other countries importing Russian oil. Indian shares swung between gains and losses on Thursday before ending on a mixed note. A cautious undertone prevailed after the U.S. Federal Reserve raised interest rates for the first time in three years and signaled more increases to curb persistent inflation. The NSE Nifty 50 managed to sustain its gains to finish at 23,270.60, up 53.00 points ...
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NIIT and SPJIMR launch Professional Certificate in FinTech Operations
INDIA MARKET | Thu, 17 Sep 2026, 5:50PM IST
NIIT, a leading skills and talent development corporation and Bharatiya Vidya Bhavan's S.P. Jain Institute of Management & Research (SPJIMR) have announced the launch of a Professional Certificate in FinTech Operations, designed to prepare students, graduates and early-career professionals for roles in India's digital financial services ecosystem. SPJIMR is one of India's leading business schools, ranked #26 globally and #2 in India by the Financial Times Masters in Management 2026 ranking.
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World Bank mobilises $112 billion in private capital for developing nations
INDIA BUSINESS | Thu, 17 Sep 2026, 5:49PM IST
The World Bank mobilised $112 billion in private capital for developing nations last year. This significant increase reflects a strategic shift due to donor funding limitations. Private capital mobilisation now nearly matches the World Bank Group's own lending efforts. The bank employs various methods to de-risk and incentivise private investment. These efforts aim to bridge development financing gaps and foster job creation.
Continue reading at Economic Times
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Trump Looks Isolated on Interest Rates
GLOBAL NEWS | Thu, 17 Sep 2026, 5:43PM IST
The Federal Reserves unanimous vote to raise its benchmark lending rate has rankled President Trump, who continues to demand lower borrowing costs.
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What is an approved project and why does it matter when buying a home?
INDIA BUSINESS | Thu, 17 Sep 2026, 5:42PM IST
Securing lender approval for real estate projects significantly simplifies the home loan process. Each project is meticulously evaluated through legal and technical checks before funding is provided. This pre-approval minimizes the need for borrower verification, allowing for expedited loan processing. Bajaj Housing Finance offers a variety of pre-approved projects and swift disbursal options, ensuring buyers access considerable funds and extended repayment periods for their purchases.
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Godrej Wealth steps up expansion, plans to enter AMC business next year
INDIA BUSINESS | Thu, 17 Sep 2026, 5:41PM IST
Godrej Wealth plans to enter the asset management business next year as it seeks to expand its offerings and build a broader wealth and investment management platform
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More two-wheeler buyers opting for top-end variants now, says TVS Motor
INDIA BUSINESS | Thu, 17 Sep 2026, 5:40PM IST
TVS says technology, safety and features are driving buyers towards higher-end variants, while easier finance is helping first-time buyers enter the premium segment.
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Getaway to the UAE: Chennai roadshow charts Indian exporters evolution into regional players
INDIA BUSINESS | Thu, 17 Sep 2026, 5:39PM IST
The Chennai edition of the Gateway to the UAE roadshow, hosted by Ajman Free Zone in partnership with The Economic Times and Times of India Digital, unpacked the metamorphosis of the Indian exporter, from selling into the UAE to using it as an operating and distribution base for the wider region.
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INDIA BUSINESS | Thu, 17 Sep 2026, 5:38PM IST
Kanpur-Lucknow Expressway: Following the inauguration of the Kanpur-Lucknow Expressway, significant defects were reported, prompting the National Highways Authority of India (NHAI) to bar PNC Infratech from bidding for its projects for three years. Several sections of the expressway suffered premature failures, leading to the suspension of toll collection, while PNC Infratech is required to compensate NHAI for the lost toll revenue on a daily basis. The companys shares also fell sharply after the NHAI action was disclosed.
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