Paradip Port gets 'Mega Port' status, only one on East Coast
INDIA BUSINESS | Fri, 25 Sep 2026, 9:20PM IST
Paradip Port has been designated as a Mega Port under the Indian Ports Act, 2025. This recognition is a significant milestone for its development and operational capabilities. The governments decision aims to strengthen maritime connectivity and support infrastructure growth. Paradip Port's strategic location enhances its importance as a key gateway for trade. The designation is expected to promote its development as a globally competitive maritime hub.
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INDIA MARKET | Fri, 25 Sep 2026, 9:04PM IST
Augment India Holdings may sell 85 lakh Clean Max Enviro Energy Solutions shares, representing a 7.25% stake, through a Rs 1,062.8 crore block deal. The reported floor price of Rs 1,250 implies a potential discount to market price.
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EaseMyTrip rolls out electric buses in Bhopal, targets 5,000 units a year
INDIA BUSINESS | Fri, 25 Sep 2026, 8:59PM IST
Easy Green Mobility plans to build annual manufacturing capacity of 5,000 electric buses within five years as EaseMyTrip expands its presence in clean mobility
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IIFL Home Finance signs $150 mn JICA loan to boost affordable housing
INDIA BUSINESS | Fri, 25 Sep 2026, 8:58PM IST
The financing will support home purchases by women from economically weaker sections and low-income groups in urban and peri-urban areas across India
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Decathlon sees strong growth, eyes 1,000 cr running sports biz in 4 yrs
INDIA BUSINESS | Fri, 25 Sep 2026, 8:55PM IST
Decathlon Sports India, which reported revenue of Rs 4,133.10 crore in FY25, is investing 100 million euros in building and strengthening its manufacturing ecosystem in India.
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Tata Steel, Dutch govt extend JLoI for green steel project to 2027
INDIA BUSINESS | Fri, 25 Sep 2026, 8:53PM IST
The five-month extension gives Tata Steel and Dutch authorities more time to address outstanding issues and work towards an integrated health and decarbonisation project
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CNN and CBS Resume White House Coverage After Standoff
GLOBAL NEWS | Fri, 25 Sep 2026, 8:53PM IST
Crews from CBS and CNN planned to cover two events on Friday with President Trump and the Chinese leader, Xi Jinping.
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JioStar secures 15 brands across eight categories for West Indies tour of India
INDIA BUSINESS | Fri, 25 Sep 2026, 8:53PM IST
JioStar has confirmed 15 sponsorships for the upcoming West Indies tour of India in 2026. The sponsors represent various categories including banking, wellness, and automotive. This series will consist of three ODIs and five T20Is starting in late September. The broadcaster aims to engage audiences through targeted advertising during the festive season. JioStar plans a six-month cricket calendar featuring multiple series with various touring teams.
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Liqvd Digital India IPO subscribed 5.08 times on final day
INDIA MARKET | Fri, 25 Sep 2026, 8:44PM IST
Liqvd Digital Indias IPO was subscribed 5.08 times on the final bidding day, with 3.86 crore shares bid against 75.94 lakh shares offered. Non-institutional investors led demand at 21.02 times, while retail investors subscribed 1.43 times and QIBs fully subscribed.
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Traders' body CAIT denies 'No UPI Day' call on October 2, terms reports misleading
INDIA BUSINESS | Fri, 25 Sep 2026, 8:42PM IST
The Confederation of All India Traders (CAIT) said it has taken serious note of certain media reports and social media posts claiming that CAIT has announced or endorsed a nationwide "No UPI Day" on October 2, related to the proposed MDR levy on specified UPI transactions above Rs 2,000 from October 15.
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Data center IPO hopefuls brave tougher market as investor scrutiny grows
INDIA MARKET | Fri, 25 Sep 2026, 8:41PM IST
Data center operator DayOne is pushing ahead with its plans to go public as soon as November, according to three people familiar with the matter, even as higher interest rates and setbacks elsewhere in the data center ecosystem threaten to narrow
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US Federal Reserve plans to raise bank oversight thresholds, sources say
INDIA MARKET | Fri, 25 Sep 2026, 8:38PM IST
The US Federal Reserve is set to propose an increase in the asset thresholds for banking regulations, potentially raising the current $700 billion limit to around $960 billion. This adjustment could benefit lenders by reducing compliance costs and easing regulatory burdens for banks near the threshold. However, analysts caution that such changes may spur consolidation among mid-sized banks, which could undermine competition and elevate systemic risks in the financial sector.
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Lab-grown diamond manufacturer Anjali LabTech files updated papers for Rs 1,225 cr IPO
INDIA MARKET | Fri, 25 Sep 2026, 8:37PM IST
Anjali LabTech Ltd has re-submitted its draft papers to Sebi for a notable Initial Public Offering targeting Rs 1,225 crore. This IPO encompasses a fresh share issue worth Rs 925 crore alongside a promoter-led Offer For Sale. The raised funds are earmarked for expanding capital expenditure and boosting corporate development. Furthermore, the company anticipates gathering up to Rs 185 crore through a pre-IPO placement.
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Sebi bans Omaxe, 5 others for violating minimum public shareholding norms
INDIA MARKET | Fri, 25 Sep 2026, 8:35PM IST
The Securities and Exchange Board of India (Sebi) has taken decisive action against Omaxe and five associated entities for breaching public shareholding regulations. Omaxe and its promoters were accused of creating a deceptive public shareholding framework, involving funds used to repurchase its shares via various means. As a result, Omaxe faces a three-month market access ban, while the others have a one-year restriction, alongside a hefty fine totaling Rs 1.
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Forex reserves fall $14.9 billion, sharpest weekly drop since Nov 2024
INDIA NEWS | Fri, 25 Sep 2026, 8:34PM IST
Foreign currency assets fell $14.8 billion during the week ended September 18, with an economist attributing $10.9 billion of the decline to actual dollar sales
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Airbus detects new issue; IndiGo to be hit
INDIA NEWS | Fri, 25 Sep 2026, 8:34PM IST
New Delhi: Airbus has detected a quality issue with the surface protection coating on the fuselage of a significant number of narrow-body A321 neo planes and around a dozen of such aircraft operated by IndiGo are also impacted, according to sources.IndiGo and Air India operate A321 neo aircraft. Together, they have around 190 such planes.An Airbus spokesperson on Friday said during some standard rework a surface protection deviation on stringers located at the lower front section of the fuselage was identified affecting a number of A321 aircraft."The source of the issue has been identified, contained and a remedy is available. All newly coated stringers conform to all requirements," the spokesperson said in a statement.Also read | Drugs, alcohol, bicycle & losses: The strange to-do list awaiting Air Indias new boss Tewolde GebremariamThe spokesperson said the aircraft can continue to operate and that "this is a quality issue, not a safety issue".Around a dozen of A321 neo planes with IndiGo have been impacted, the sources said while there is no impact on the aircraft in the Air India fleet.The airline has a fleet of over 430 planes, including more than 180 A321 neo aircraft. Air India has around nine A321 neo planes.There was no official comment from IndiGo and Air India.Also read | Akasa Air in talks with Boeing to order 200 737 MAX aircraft: ReportThe sources said some part of the fuselage has to be repainted and the work has to be completed within two years.To address the issue, the Airbus spokesperson said the rework does not require any disassembly of the stringers. "Once rework is applied, the aircraft is considered to be back as if at nominal design".
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Airbus detects surface coating issue with A321 neo fuselage; some IndiGo planes see impact
INDIA BUSINESS | Fri, 25 Sep 2026, 8:34PM IST
An Airbus spokesperson on Friday said during some standard rework a surface protection deviation on stringers located at the lower front section of the fuselage was identified affecting a number of A321 aircraft.
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Kian-M Export files IPO paper with Sebi; aims to raise Rs 500 crore via fresh issue
INDIA MARKET | Fri, 25 Sep 2026, 8:33PM IST
Kian-M Export Ltd has filed preliminary IPO documents aiming to secure Rs 500 crore through both new shares and an offer for sale. The raised funds are earmarked for enhancing working capital, acquiring a stake in Ultra Denim Ltd, and purchasing new machinery. Furthermore, the capital will aid in expenses for its subsidiary, Usha Cotton Ltd, and general corporate costs.
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Adani group entities swap 86 lakh shares of Adani Enterprises in Rs 2,498 cr block deal
INDIA MARKET | Fri, 25 Sep 2026, 8:32PM IST
Recently, the Adani Group's promoter entities completed a significant exchange of 86 lakh shares of Adani Enterprises, worth Rs 2,498 crore via block deals. Adani Infra (India) Ltd and Adani Properties garnered noteworthy shares, while Infinite Trade and Investment Ltd divested an equivalent amount, cutting their ownership from 2.01 percent to 1.38 percent. Overall, the promoter shareholding in Adani Enterprises has shown a slight increase.
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Banks advise customers to complete essential transactions ahead of 3-day strike
INDIA BUSINESS | Fri, 25 Sep 2026, 8:27PM IST
Public sector banks and older generation private banks have issued advisories to customers, urging them to complete essential banking transactions ahead of the three-day strike from September 28 called by the United Forum of Bank Unions (UFBU). To meet customers' banking needs before the three-day nationwide strike, the government has already instructed public sector banks to stay open on Sunday.
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NCLT clears Sesa Care-Dabur India merger, paving way for integration
INDIA BUSINESS | Fri, 25 Sep 2026, 8:15PM IST
The tribunal's approval clears a key step in the transaction announced in October 2024, with Dabur looking to expand Sesa Care using its distribution network
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Irdai's proposed commission cuts threaten PB Fintech's online economics
INDIA BUSINESS | Fri, 25 Sep 2026, 8:07PM IST
Analysts say PB Fintech's core online insurance revenue could take a nearly 30 per cent hit, though cost optimisation and higher volumes could cushion the impact
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Infra projects see Rs 2.88L cr cost overrun
INDIA NEWS | Fri, 25 Sep 2026, 8:06PM IST
New Delhi: Infrastructure projects worth more than Rs 150 crore each recorded a cumulative cost overrun of around Rs 2,88,122 crore, according to a monthly government report for August 2026.A total of 1,731 ongoing infrastructure projects across 17 central ministries/ departments were monitored, and it was found that the total revised cost was Rs 33,60,069 crore compared to their original cost of Rs 30,71,947 crore.The report, however, did not specify the actual number of projects that faced cost overrun.The cumulative expenditure incurred on these projects stands at Rs 16.33 lakh crore, accounting for approximately 48.59 per cent of the revised project cost, indicating steady progress in project implementation, a statement by the Ministry of Statistics and Programme Implementation (MoSPI) said.A significant proportion of projects are at advanced stages, with 647 projects (38 per cent) achieving over 80 per cent physical progress, while 312 (18 per cent) have crossed 80 per cent financial completion.The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.The Transport & Logistics sector accounts for the highest number of ongoing projects (1,191 projects), with revised estimates of Rs 16.05 lakh crore underscoring priority to connectivity-driven infrastructure growth.1,731 ongoing infrastructure projects include 715 mega projects (project cost of Rs 1,000 crore and above) with an original cost of Rs 25.89 lakh crore, and 1,016 major projects (project cost below 1,000 crore and up to Rs 150 crore), amounting to Rs 4.83 lakh crore.Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0-20 per cent) and advanced (81-100 per cent) stages, indicating a pipeline of newly started projects alongside many nearing completion.While physical progress exceeds financial progress in the 81-100 per cent range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.The Ministry of Road Transport & Highways accounts for the highest number of projects, with 982 projects (57 per cent), and a share of total revised project cost of Rs 9.52 lakh crore (28 per cent), highlighting its central role in national infrastructure development.The Ministry of Railways has 147 ongoing projects (8 per cent), with a total revised project cost of Rs 3.14 lakh crore (9 per cent).The Coal Ministry accounts for 122 ongoing projects (7 per cent), with a total revised project cost of Rs 2.22 lakh crore (7 per cent).The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 117, 102, 49, and 38 projects, with associated revised costs of Rs 4.42 lakh crore, Rs 6.18 lakh crore, Rs 3.41 lakh crore, and Rs 2.00 lakh crore, respectively.The remaining 174 projects (10 per cent), with a total revised cost of Rs 2.71 lakh crore (8 per cent), are distributed across various ministries/departments, including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports.Transport & Logistics remains the dominant sector, accounting for 48 per cent of total revised project cost (Rs 16.05 lakh crore) across 1,191 projects (69 per cent of the total projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.The energy sector follows with 32 per cent of aggregated revised cost (Rs 10.95 lakh crore) across 223 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.Water & Sanitation projects account for Rs 2.04 lakh crore (6 per cent) across 53 projects, highlighting continued focus on essential urban services.Communication infrastructure, with a project cost of Rs 1.34 lakh crore (4 per cent) across 31 projects, represents targeted interventions aimed at strengthening digital connectivity.Social & Commercial infrastructure, comprising 81 projects with a revised project cost of Rs 0.97 lakh crore (3 per cent), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.Projects classified under 'Others', amounting to Rs 2.26 lakh crore (7 per cent) across 152 projects, indicate diversification across sectors, such as coal, steel, metals, and mining.
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PC Jeweller says it's debt-free, cleared dues of all 14 consortium banks
INDIA BUSINESS | Fri, 25 Sep 2026, 8:00PM IST
In a regulatory filing, PC Jeweller informed that the company has "successfully discharged the remaining outstanding debt of the banks and has achieved its financial objective of a debt-free status".
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Tata Steel extends Dutch green steel pact by five months to March 2027
INDIA BUSINESS | Fri, 25 Sep 2026, 7:53PM IST
Tata Steel has announced a five-month extension of its sustainable steel production agreement with the Province of North Holland. This extension will allow further discussions to address outstanding matters necessary for a final investment decision. The Green Steel Project aims to achieve healthier and cleaner steel production while improving the living environment. Additionally, Tata Steel is focusing on the safe closure of its coke and gas plants.
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India FDI inflows rise 6% to $19.81 bn in Apr-Jun quarter: DPIIT data
INDIA NEWS | Fri, 25 Sep 2026, 7:48PM IST
India's foreign direct investment rose 6% to $19.81 billion in April-June this fiscal from $18.62 billion a year earlier, with Singapore, Mauritius and the US among top sources.
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INDIA MARKET | Fri, 25 Sep 2026, 7:46PM IST
Hetty Greens investing philosophy emphasised buying when fear and pessimism drive prices lower, then patiently holding until sentiment improves. Her approach highlights the importance of distinguishing price from value, assessing fundamentals and avoiding crowd-driven decisions during market cycles.
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Odisha tightens norms for Supplementary Budget for FY27 amid slow capex
INDIA MARKET | Fri, 25 Sep 2026, 7:43PM IST
The government has set a longer-term objective of transforming the state into a $500 billion economy by 2036
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Govt approves voluntary retirement of LIC Managing Director Dinesh Pant
INDIA BUSINESS | Fri, 25 Sep 2026, 7:43PM IST
Pant, who was appointed Whole-time Member (Actuary) of Irdai in June 2026, ceased to be LIC's managing director and key managerial personnel from September 24
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Mumbai Port handles 3 heavy over dimensional cargo packages
INDIA BUSINESS | Fri, 25 Sep 2026, 7:42PM IST
Mumbai Port Authority successfully managed three heavy over-dimensional cargo packages through a specialised Roll-Off operation. These packages weighed a total of 1,452 MT and were transported from Dahej to Mumbai Port. Due to their dimensions, conventional discharge methods were not suitable for handling the cargo. The Barge Roll-Off method was used, allowing safe discharge while maintaining alignment between the barge and the quay.
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NSE chairman Injeti says self-listing remains 'in the realm of feasibility'
INDIA MARKET | Fri, 25 Sep 2026, 7:38PM IST
Chairman Srinivas Injeti says concerns over potential conflicts in self-listing need careful management; describes NSE as 'family silver' for long-term investors
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CESC arm Purvah Green Power signs agreement with Prism Johnson Ltd to develop 49.5 MW wind project
INDIA BUSINESS | Fri, 25 Sep 2026, 7:37PM IST
Purvah Green Power Private Ltd (PGPPL) signed a power supply agreement with Prism Johnson Ltd to develop a 49.5 MW wind project in Madhya Pradesh. The project will be established by KUS Renewable Ltd (KRPL), a wholly owned subsidiary of PGPPL. The date of commercial operation is January 25, 2028. The project will supply renewable power to Prism Johnson's manufacturing operations in the state for 25 years.
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PSU banks waive ATM charges for customers during three-day bank strike
INDIA BUSINESS | Fri, 25 Sep 2026, 7:35PM IST
Employee unions at RBI supported the strike call and objected to RBI asking banks to remain open on Sunday
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Deccan Gold shifts from exploration to gold production, builds critical-mineral portfolio
INDIA BUSINESS | Fri, 25 Sep 2026, 7:32PM IST
Deccan Gold Mines is evolving from exploration into production, investing approximately Rs 600 crore in recent projects. The Jonnagiri Gold Project has ramped up production, yielding about 89.7 kg of gold in the first quarter. In Kyrgyzstan, the Altyn Tor Gold Project has initiated early commercial operations, creating 400 local jobs. The company plans to expand into critical minerals such as nickel and lithium, diversifying its portfolio.
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CEA flags US ties, energy as headwinds, calls for strategic buffers
INDIA MARKET | Fri, 25 Sep 2026, 7:31PM IST
CEA V Anantha Nageswaran says India cannot afford to choose between global blocs and must build strategic buffers and forge partnerships with foreign technology firms
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Signature to develop 194.22-acre ultra-luxury farmhouse villa project in Gurugram West
INDIA MARKET | Fri, 25 Sep 2026, 7:25PM IST
With estimated gross development value of up to Rs 6,000 cr
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R R Kabel forays in optical fibre cable business
INDIA MARKET | Fri, 25 Sep 2026, 7:24PM IST
With acquisition of U M cables' business undertaking
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Ather Energy plans aggressive push into overseas markets: CBO Phokela
INDIA BUSINESS | Fri, 25 Sep 2026, 7:23PM IST
However, the company will prioritise the domestic market amid the current demand-supply situation, CBO Ravneet S Phokela added.
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After Bengaluru, Rapido expands Ownly food delivery service to Hyderabad
INDIA BUSINESS | Fri, 25 Sep 2026, 7:23PM IST
Ownly operates on a zero-commission model, charging restaurants a subscription fee instead, and currently partners with more than 20,000 restaurants
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Kian-M Export files IPO papers with Sebi to raise 500 cr via fresh issue
INDIA BUSINESS | Fri, 25 Sep 2026, 7:23PM IST
Apart from the fresh issue, there will be an offer for sale (OFS) of up to 15 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday.
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PC Jeweller becomes debt-free after clearing dues of all 14 consortium banks
INDIA BUSINESS | Fri, 25 Sep 2026, 7:18PM IST
PC Jeweller Ltd has successfully cleared its dues with 14 consortium banks, becoming completely debt-free. The companys total debt was approximately Rs 3,000 crore before the settlement agreement. In September 2024, PC Jeweller opted for a one-time settlement to address its outstanding dues. Following the latest repayment, the company has materially strengthened its financial position and balance sheet.
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EMTev rolls out electric buses in Bhopal
INDIA NEWS | Fri, 25 Sep 2026, 7:15PM IST
New Delhi: EaseMyTrip's electric mobility arm Easy Green Mobility (EMTev) has commenced the rollout of electric buses in Bhopal and is working towards building capacity to manufacture 5,000 electric buses annually within the next five years, as part of its Vision 2030 roadmap.The Bhopal rollout marks a step in EMTev's electric bus manufacturing and operating business as the company looks to build an integrated mobility ecosystem covering vehicle manufacturing, fleet operations, service support and progressive localisation of components, according to a company release.EMTev said its immediate focus is on fulfilling committed electric bus deliveries while strengthening the operational and service infrastructure needed for future scale. Its 12-metre and 13.5-metre electric bus models have received type approval.The company's initial portfolio includes a 12-metre electric seater coach with a seating capacity of 45+D. It has an LFP battery with 423.9 kWh of total energy, a stated range of up to 350 km and a top speed of up to 100 km per hour.The bus also features liquid-cooled battery technology and supports fast charging through a dual-gun configuration. Safety features include electronic braking and stability systems, while camera-based monitoring and a centralised control tower are being used to monitor vehicle and battery data.EMTev is also developing AI-enabled driver monitoring and blind-spot detection capabilities, with advanced driver assistance systems (ADAS) forming part of its broader technology roadmap, the release said.Manoj Soni, CEO of EMTev, said the company aims to build intra-city and intercity electric buses combining long-range battery technology, fast charging, safety systems and passenger comfort while delivering lower operating costs."Electric mobility has to move beyond the conversation around sustainability and demonstrate a strong case for scale, reliability, and economics," Soni said.EMTev said progressive localisation of electric vehicle components remains a key priority. Through phased domestic sourcing and manufacturing, it aims to reduce reliance on imported components and strengthen local capabilities across the electric vehicle supply chain.EaseMyTrip CEO and Co-Founder Rikant Pittie said the company aims to build capabilities in electric bus manufacturing, operations and localisation, with a focus on "scale, efficiency, and long-term value creation for India's mobility ecosystem."The company said the 5,000-bus annual manufacturing target reflects its longer-term plan to build scale and strengthen domestic capabilities as it expands into electric commercial mobility.
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EaseMyTrip's EMTev rolls out electric buses in Bhopal, targets 5,000 units annually in 5 years
INDIA BUSINESS | Fri, 25 Sep 2026, 7:15PM IST
Easy Green Mobility has started the deployment of electric buses in Bhopal and plans to manufacture 5,000 buses yearly. The company aims to establish a comprehensive mobility ecosystem that includes manufacturing and operations. Their initial electric bus models have received type approval and feature advanced technology. For future expansion, the focus is on localizing the supply chain and reducing import dependency.
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