INDIA MARKET | Mon, 28 Sep 2026, 6:19PM IST
Indian equity markets ended sharply lower on Monday, with the Nifty falling 1.56% and the Sensex declining 1.52% as all sectoral indices closed in the red. PSU banks and realty stocks led the decline, while Dr Reddys Labs and Infosys were among the few gainers. India VIX surged 12.54%.
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Wireless tele-density up from 91.33% in July 2026 to 91.69% in August 2026
INDIA MARKET | Mon, 28 Sep 2026, 6:16PM IST
Ministry of Communications stated today that the number of wireless (mobile + Fixed Wireless Access) subscribers increased from 1306.27 million at the end of July 2026 to 1312.25 million at the end of August 2026, thereby registering a monthly growth rate of 0.46%. Total wireless subscription in urban areas increased from 753.86 million in July 2026 to 759.11 million in August 2026. The subscription in rural areas also increased from 552.40 million to 553.14 million during the same period. The monthly growth rate of urban and rural wireless subscriptions was 0.70% and 0.13%, respectively.
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Godrej Properties inks JV to build Rs 6,000 cr luxury housing project at Marine Lines, Mumbai
INDIA MARKET | Mon, 28 Sep 2026, 6:07PM IST
Godrej Properties Ltd has entered into a partnership to develop a luxury housing project in Mumbai. The development agreement covers a prime 2.5-acre land parcel located in Marine Lines. This project is expected to generate an overall revenue of approximately Rs 6,000 crore for the company. MICL has transferred its development rights to Godrej Properties as part of the collaboration.
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AI, Adani launch online shopping platform
INDIA NEWS | Mon, 28 Sep 2026, 6:06PM IST
Air India and AdAirport Holdings Limited (AAHL), the country's largest private airport operator, today announced the launch of an integrated online duty-free shopping platform for international travellers.Seamlessly integrated into Air India's official website and mobile application, the new digital storefront lets passengers departing from or arriving at select Indian airports browse, pre-order, and securely pay for duty-free items before their journey. Customers can collect their packaged purchases at designated airport duty-free counters, as per the statement issued.For passengers, the new platform offers instant savings and convenience with introductory discounts of up to 25% on standard retail shelf prices, with the added advantage of stacking bank offers and seasonal privileges.Read more - From 6 hours to just 1.5 from Mumbai to Ahmedabad: What passengers need to know about the railway plan that could transform the journeyTravellers can choose from a wide digital catalogue covering premium cosmetics and fragrances, luxurychocolates and confectionery, consumer electronics, and world-class spirits - ensuring they secure the best deals before even stepping into the airport."In addition to introductory discounts of up to 25%, the partnership embeds loyalty rewards into the retailflow: members of Air India's Maharaja Club loyalty program will automatically earn 3 Maharaja Pointsfor every INR 100 spent on eligible duty-free transactions," the statement mentioned."The digital service is available for passengers travelling to and from major airports with duty-free hubsat Ahmedabad, Jaipur, Lucknow, Mangaluru, Mumbai, Navi Mumbai and Thiruvananthapuram. Eligibility extends to customers on codeshare itineraries, including flights operated by Air India Express, with planned rollouts across additional domestic and international gateways in subsequent phases," it said.The partnership brings together Air India's growing digital customer ecosystem and Adani Airports' retailexpertise to reimagine duty-free shopping as an integrated part of the travel journey. From trip planningand pre-ordering to airport collection and loyalty rewards, the new offering delivers a seamless, end-to-end experience designed around the evolving needs of today's travellers, it added.
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Air India, Adani Airports launch online duty-free shopping platform for international travellers
INDIA BUSINESS | Mon, 28 Sep 2026, 6:06PM IST
Air India and Adani Airports have launched an integrated online duty-free shopping platform for international travellers, allowing passengers to browse, pre-order and pay for products through Air Indias website and app before travel. The service offers discounts of up to 25%, Maharaja Club loyalty points and airport collection at select airports, including Mumbai, Ahmedabad and Navi Mumbai.
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Clean Max Enviro Energy raises Rs 2,500 cr via green bonds
INDIA MARKET | Mon, 28 Sep 2026, 6:05PM IST
In a significant financial move, Clean Max Enviro Energy successfully raised Rs 2,500 crore by issuing green debt securities. The offering consisted of non-convertible debentures organized into five series, each featuring different maturities and coupon rates. Structured under a green bond framework, the funds will be directed towards renewable energy projects. The backing from prominent institutional investors indicates strong confidence in Clean Max's sustainable growth approach.
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India sets one trillion dollar export target for goods and services this year, says Piyush Goyal
INDIA MARKET | Mon, 28 Sep 2026, 6:04PM IST
India has set an ambitious target of raising its total exports of goods and services from 863 billion dollars last year to one trillion dollars this year. Union Minister of Commerce and Industry Piyush Goyal said merchandise exports have grown by more than 15% in the first six months of the current financial year, despite global challenges.
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Surge in crude oil prices continue to pressurize INR
INDIA MARKET | Mon, 28 Sep 2026, 6:04PM IST
The Indian rupee depreciated 28 paise to close at 96.03 (provisional) against the US dollar on Monday, on risk-off sentiments in global markets after the US rejected a deal proposal by Iran, diminishing hopes of reopening of the Strait of Hormuz. Global risk sentiments deteriorated as the stalemate between the US and Iran continued; falling risk assets and a surge in crude oil prices may continue to pressurise the rupee. Indian shares slumped on Monday as rising oil prices added to inflation and interest-rate concerns. Brent crude futures jumped over 3 percent toward $108 a barrel amid a lack of clarity related to U.S.-Iran peace negotiations. At the interbank foreign exchange market, the rupee opened on a negative note at 95.89 against the American currency. During the day, the local unit slipped further to close at 96.03 (provisional), a 28 paise fall from its previous close.
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Srit India IPO fully bid on day 1
INDIA MARKET | Mon, 28 Sep 2026, 6:04PM IST
The offer received bids for 1.17 crore shares as against 1.17 crore shares on offer.
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India 10-year yield scales two-year high as supply, global rout bite
INDIA MARKET | Mon, 28 Sep 2026, 6:03PM IST
On Monday, Indian government bond yields rose due to increasing global yields and domestic supply concerns. The benchmark 10-year bond yield reached its highest level since April 2024 at 7.1848%. Traders are reacting to India's borrowing calendar which shifted toward longer maturity bonds, increasing duration risk. Additionally, fears of more Reserve Bank of India bond sales have contributed to market volatility.
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I-T dept extends corporate tax audit, ITR filing deadlines by three weeks
INDIA BUSINESS | Mon, 28 Sep 2026, 6:03PM IST
The Income Tax Department on Monday extended by 21 days the due date for ITR filing and submission of audit report by corporates for assessment year 2026-27.
Accordingly, corporates will now have to file income tax return for AY'27 by November 21, instead of October 31. Similarly, the due date for tax audit report submission has been extended from September 30 to October 21.
In a statement, the Central Board of Direct Taxes (CBDT) said the due dates for both the compliances have been extended.
Tax practitioners have been demanding an extension of the corporate statutory audit report and ITR filing deadline from September 30 citing compressed audit window following the August 31 deadline for filing ITR in non-audit cases.
Nangia & Co LLP Senior Partner Amit Agarwal, said the extension shows that the CBDT has taken cognisance of the genuine challenges being faced by taxpayers and tax professionals during the current compliance cycle.
"The additional 21 days will provide much-needed
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RBI completes 1 trillion rupee net debt sale for first time in a decade
INDIA MARKET | Mon, 28 Sep 2026, 6:01PM IST
In a historic move, India's central bank has recorded net sales of bonds amounting to 1 trillion rupees this financial year. With predictions suggesting this figure may double by December, market analysts anticipate stricter monetary policies. The Reserve Bank of India has also reduced liquidity in the banking system, responding to past strategies to attract dollars.
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Nvidia approves record $150 billion share buyback plan as AI boom powers cash generation
INDIA MARKET | Mon, 28 Sep 2026, 5:59PM IST
Nvidia approved an additional $150 billion in share buybacks, taking its remaining authorisation to $235 billion through fiscal 2028. The record repurchase expansion reflects surging AI-driven cash flows, alongside continued investment in data centres, hardware, networking and infrastructure partnerships.
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Gold, silver plunge up to 3% as oil surge, rate-hike bets trigger sell-off. What lies ahead?
INDIA MARKET | Mon, 28 Sep 2026, 5:58PM IST
MCX gold and silver fell sharply as higher oil prices revived inflation concerns and boosted expectations of further US Federal Reserve rate hikes. Gold breached key support levels, while rising bond yields, a firm dollar and geopolitical uncertainty pressured precious metals.
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Supreme Court allows forensic audit in Fortis-IHH Healthcare unit case
INDIA MARKET | Mon, 28 Sep 2026, 5:56PM IST
Fortis Healthcare had filed a petition against an order that directed the appointment of a forensic auditor into alleged asset dissipation by former promoters, or controlling shareholders, of Fortis
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RBI completes 1 trillion net debt sale for first time in a decade
INDIA MARKET | Mon, 28 Sep 2026, 5:52PM IST
New Delhi recently reduced the supply of debt maturing in three and five years for the rest of the fiscal year, signalling more open-market operations (OMO) from the RBI, market participants said.
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Large currency speculators sharply added net short position in Pound futures market
INDIA MARKET | Mon, 28 Sep 2026, 5:50PM IST
Large currency speculators sharply increased net shorts in Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 82568 contracts in the data reported through September 22 2026. This was a weekly rise of 23853 net short contracts.
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Euro currency speculators increase net short position
INDIA MARKET | Mon, 28 Sep 2026, 5:50PM IST
Large currency speculators sharply increased net short in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 52334 contracts in the data reported through September 22, 2026. This was a weekly addition of 25341 net positions.
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UAE signals another $25 bn investment in India, says Piyush Goyal
INDIA MARKET | Mon, 28 Sep 2026, 5:47PM IST
The two countries are looking to deepen cooperation in ports, shipping, energy, space and logistics, with the UAE targeting $100 billion in investments in India
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Morepen Laboratories files its first US ANDA for sitagliptin tablets
INDIA BUSINESS | Mon, 28 Sep 2026, 5:44PM IST
The filing for sitagliptin tablets in three strengths marks Morepen's entry into integrated finished-dose development and regulatory filings in the US market
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Uttar Pradesh EV Subsidy Portal: Eligibility, benefits, application process and implementation
INDIA NEWS | Mon, 28 Sep 2026, 5:36PM IST
The EV Subsidy Portal is an online system developed by the Uttar Pradesh Transport Department to receive, verify, process and track claims for electric-vehicle purchase incentives
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Shah Investor's Home IPO subscribed 31% on day 1
INDIA MARKET | Mon, 28 Sep 2026, 5:31PM IST
The offer received bids for 11.88 lakh shares as against 37.79 lakh shares on offer.
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Vikram Solar secures 400 MW module supply order for agri-solar projects in Maharashtra
INDIA BUSINESS | Mon, 28 Sep 2026, 5:25PM IST
Vikram Solar has secured a pivotal contract to deliver 400 MW of solar modules to an EPC player, initiating shipments in October 2026 for decentralized solar installations across Maharashtra. This contract underscores the company's commitment to innovation, buoyed by its cutting-edge N-Type TOPCon technology and robust manufacturing skills. As a prominent player in the photovoltaic sector, Vikram Solar's initiative emphasizes solar energy's role in supporting sustainable development for agricultural communities.
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Nifty slips below 22,800 as rising oil prices, US yields trigger selling
INDIA MARKET | Mon, 28 Sep 2026, 5:16PM IST
The key equity benchmarks ended sharply lower on Monday as escalating Iran-US tensions pushed crude oil prices higher and raised concerns over prolonged supply disruptions. Rising US Treasury yields, a weaker rupee, continued foreign investor selling and weak Asian market cues added to the pressure. Brent crude moved close to $107 a barrel, while the US 10-year Treasury yield climbed above 5.2%. Continued FPI selling also dented sentiment. The Nifty settled below the 22,800 level. The sell-off was broad-based, with all sectoral indices ending lower, led by declines in banking, realty and metal stocks.
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20 IPOs to open for subscription this week: GMPs signal up to 38% returns
INDIA MARKET | Mon, 28 Sep 2026, 5:16PM IST
Twenty IPOs are opening or closing for subscription between September 28 and 30, with GMPs indicating potential premiums of up to 38%. The lineup spans mainboard and SME issues.
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Quick Wrap: Nifty PSU Bank Index falls 3.24%, NIFTY Crashes 1.56%
INDIA MARKET | Mon, 28 Sep 2026, 5:16PM IST
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1h
LPG Aadhaar rule: How subsidy and cylinder bookings change from Oct 1
INDIA BUSINESS | Mon, 28 Sep 2026, 5:15PM IST
The new requirement is aimed at checking eligible connections and curbing duplicate or ineligible LPG beneficiaries, with consumers given multiple ways to complete verification.
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INDIA BUSINESS | Mon, 28 Sep 2026, 5:13PM IST
Newly appointed Air India CEO Tewolde Gebremariam underlined the importance of enhancing financial performance. He announced plans to encourage employee participation in cost-saving initiatives through rewards for ideas that yield measurable savings. Current challenges to break-even have highlighted the need for disciplined growth strategies and operational efficiency. Gebremariam emphasized the necessity of growing the airline sustainably and profitably to ensure long-term competitiveness.
Continue reading at Economic Times
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INDIA BUSINESS | Mon, 28 Sep 2026, 5:11PM IST
Indias first bullet train project is moving closer to its trial-run stage, with the indigenous high-speed train expected to begin testing on the Mumbai-Ahmedabad corridor in May or June 2027.
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1h
Could A.I. Safety Risks Derail the Sectors I.P.O. Prospects?
GLOBAL NEWS | Mon, 28 Sep 2026, 5:08PM IST
Big liability questions lie ahead for the artificial intelligence labs Anthropic and OpenAI as they push ahead with plans to go public.
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1h
NPS Swasthya health cover explained: Premium, withdrawal and exit rules
INDIA BUSINESS | Mon, 28 Sep 2026, 5:06PM IST
From premiums and health cover to withdrawals and exit rules, here is what subscribers need to know about NPS Swasthya
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Nasdaq Futures Down 1%, S&P 500, Dow In Red: Three Reasons Why US Stock Market Is Under Pressure
INDIA MARKET | Mon, 28 Sep 2026, 5:05PM IST
The pressure on technology stocks was also visible across Asian markets, where chipmakers were among the biggest decliners.
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INDIA MARKET | Mon, 28 Sep 2026, 5:04PM IST
Main Ladega, Ashirbad, Demon Slayer: Infinity Castle Part 1 and Shayad Yahi Hai Pyaar are some more titles arriving on Netflix, Prime Video, JioHotstar, ZEE5 and other platforms this week.
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4G phone shipments seen growing 3% in '26
INDIA NEWS | Mon, 28 Sep 2026, 4:55PM IST
New Delhi: India's 4G smartphone market is showing signs of recovery in 2026, with shipments set to grow three per cent year-on-year, staging quite a comeback from a 48 per cent drop suffered in 2025, according to Counterpoint Research.Its share in the overall market is seen rising from 11 per cent in 2025 to 13 per cent in 2026 and an estimated 15 per cent in 2027, as pricier component costs have widened the price gap between 4G and 5G devices, making 5G smartphones more expensive for consumers.The result: consumers in the entry (sub Rs 10,000) and budget (Rs 10,000-Rs 20,000) segments are turning to 4G devices for better specifications and value at a lower price."4G smartphone shipments in India are expected to grow 3 per cent YoY in 2026 despite a decline in the overall market, with 4G share rising to 13 per cent in 2026 from 11 per cent in 2025," Counterpoint said in a release.Also read | Behind bigger price tags hides a fault line in Indias growth storyAt the same time, the original equipment manufacturers (OEMs) are expanding their 4G portfolios into the Rs 10,000-Rs 20,000 band to cater to this demand and fill the gaps created as 5G models move up the price ladder."India's 4G recovery is increasingly extending beyond the traditional entry-level segment, with demand gaining momentum across the sub-Rs 20,000 price range. The Rs 10,000-Rs 20,000 segment is emerging as a key growth area as consumers seek better specifications and device experiences without the higher price associated with 5G," Senior Analyst Prachir Singh said.Responding to this shift, OEMs are expanding their 4G portfolios beyond the entry segment.The number of OEMs offering 4G models in the budget price band has increased from just two in 2025 to 12 in 2026 so far.The wider portfolio is positioning 4G as a broader value proposition, offering consumers a balance of price, specifications and performance as rising costs push 5G smartphones into higher price bands, Singh said.Also read | India electronics firms get Rs 19,091 crore PLI incentives, investments cross Rs 20,580 croreAccording to Research Director Tarun Pathak, 4G is set to become a more meaningful part of India's smartphone market, with its share expected to rise from 13 per cent in 2026 to 15 per cent in 2027."This growth reflects a broader shift in the role of 4G, rather than simply a short-term response to higher smartphone prices, as component prices are unlikely to normalise soon. As consumers increasingly weigh specifications against price, 4G is gaining relevance beyond the entry-level segment, particularly in the sub-Rs 20,000 range," Pathak said.Pathak added: "We expect this broader price-value positioning to support continued 4G demand, while encouraging OEMs to expand their portfolios with more capable 4G devices. This could mark a shift in how 4G is positioned in India, from an entry-level connectivity choice to a broader value proposition."
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India's 4G smartphone shipments set to grow 3% in 2026 amid broader market slump: Counterpoint
INDIA BUSINESS | Mon, 28 Sep 2026, 4:55PM IST
India's 4G smartphone market is projected to grow by three percent year-on-year in 2026. Shipment shares are expected to increase from 11 percent in 2025 to 13 percent in 2026. Consumers are shifting towards 4G devices, particularly in the sub-Rs 20,000 segment for better value. Original equipment manufacturers are expanding their 4G portfolios to meet this rising demand.
Continue reading at Economic Times
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Asian Games: Vithya Ramraj Breaks PT Usha's National Record, Wins Bronze In Women's 400m Hurdles
INDIA MARKET | Mon, 28 Sep 2026, 4:53PM IST
India's Vithya Ramraj runs in the 4x400m mixed relay event during the Asian Games in Nagoya, Japan.
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RBI may shift govt borrowing towards shorter tenures in H2
INDIA MARKET | Mon, 28 Sep 2026, 4:52PM IST
The RBI is expected to tilt the governments borrowing towards shorter-tenure bonds in the second half of FY27 as surplus banking liquidity remains elevated. Traders expect short-term securities to account for 35% of borrowing, up from 31% in the first half, while strong demand for 5-7 year bonds could shape issuance.
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INDIA MUTUAL FUNDS | Mon, 28 Sep 2026, 4:50PM IST
HDFC Mutual Fund has reopened its HDFC BSE REITS and Commercial Real Estate Index Fund after its September 1517 NFO period. The passive fund tracks the BSE REITs and Commercial Real Estate Index, offering diversified exposure to listed REITs and commercial real estate companies.
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'Reliability Is Key': Air India Chief Promises Operations Overhaul Amid Global Headwinds
INDIA MARKET | Mon, 28 Sep 2026, 4:50PM IST
Air India is also evaluating ways to improve network efficiency and optimise fleet deployment as part of the operational overhaul.
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IIP growth rebounds to 8% in Aug-26, mining sector contracts
INDIA MARKET | Mon, 28 Sep 2026, 4:50PM IST
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1h
Uttar Pradesh's ethanol supply chain attracts investments in distilleries
INDIA NEWS | Mon, 28 Sep 2026, 4:50PM IST
Uttar Pradesh is attracting over 1,000 crore in private investment from distillers, while rising ethanol output and excise exports are strengthening the state's sugarcane value chain
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