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Rays of Belief IPO 107.71x subscribed, lists at ₹239
Rays of Belief shares listed flat at ₹239 on NSE and BSE, matching the IPO issue price, despite an overwhelming 108x subscription and a grey market premium of ₹15.
Sensex down 372.96 points and Nifty slips below 23,700
Elevated crude oil prices and US-Iran tensions weighed on markets, pushing Nifty below 23,800. Defence stocks gained attention after ₹1.10 lakh crore acquisition approvals.
Sensex drops over 400 points as Nifty falls below 23,700
Benchmark indices Sensex and Nifty fell by up to 0.5% on September 8, driven by rising crude prices and declines in realty and IT shares.
Rupee opens at ₹94.51 amid Brent surge, Iran tensions
The rupee slipped two paise to Rs 94.51 against the dollar as elevated Brent crude prices and importer hedging exerted pressure, while RBI intervened to curb sharp depreciation.
Larsen & Toubro plans ₹500cr tokenized bonds at 7.4%
Larsen & Toubro plans to raise ₹500 crore through three-year tokenised bonds, marking the first such issuance by an Indian private-sector company with a 7.40% annual coupon.
Tech giants committed nearly $57B as India nears 2.6 GW
India is rapidly scaling its data-centre infrastructure, driven by $57 billion investments from tech giants, as the US faces growing resistance to data-centre expansion.
Goldman lifts ICICI Bank target to ₹2,000 amid 53 buys
Goldman Sachs has set a ₹2,000 price target for ICICI Bank, marking the highest valuation among analysts. All 53 analysts covering the stock maintain a "buy" rating.
Biocon signs 10-year Brazil Pertuzumab deal with Bahiafarma and Bionovis
Biocon has signed a 10-year contract with Bahiafarma and Bionovis to exclusively supply Pertuzumab, a HER2-positive breast cancer therapy, to Brazil's public healthcare sector.
China's August exports jump 25%, imports rise less, $119.1B surplus
China's exports surged by 25% in August, driven by global AI infrastructure expansion, while its trade surplus widened to $119.1 billion despite rising tensions.
Cyrix Healthcare acquires Blue Star MedTech business, targets 30-40% growth
Kochi-based Cyrix Healthcare, backed by Somerset Indus Capital Partners, has acquired Blue Star E&E's MedTech Solutions business, aiming for a 30-40% growth post-acquisition.
Sterlite Technologies launches 'Lakshya' to hit ₹20,000cr by 2028-29
Sterlite Technologies aims to achieve ₹20,000 crore revenue by FY29 under its ambitious "Lakshya" plan, focusing on scaling digital connectivity and expanding fiber capacities.
Oil climbs as Iran threatens retaliation and gold near $4,400
Oil prices rose on supply disruption fears as Middle East tensions escalated, while gold held steady near $4,400 an ounce, balancing geopolitical risks against a weaker US dollar.
Anthropic abandons $6 billion Decart AI acquisition after due diligence
Anthropic PBC has reportedly decided against acquiring AI startup Decart for $6 billion after conducting due diligence, though future collaboration opportunities remain possible.
OpenAI CEO Sam Altman says AI helps noncoders build businesses
AI is leveling the playing field for entrepreneurs, says OpenAI CEO Sam Altman, enabling non-technical innovators to transform ideas into viable businesses.
Indian markets likely to open flat amid U.S.-Iran oil worries
Indian equities are poised for a muted start on Tuesday as rising crude oil prices and persistent US-Iran tensions weigh on market sentiment amid mixed global cues.
India life insurance premiums jump 33% to ₹41,198cr in August
Life insurers saw a 33% year-on-year rise in new business premiums in August, driven by strong growth in group single-premium policies and steady retail expansion.
Japanese yen jumps to 153.80 against US dollar, nearly 4%
The yen surged nearly 4% this month, breaking key levels and fueled by Bank of Japan rate hike expectations, positioning it close to its strongest level since 2026.
OpenAI signs multi-year deal with Firmus for Malaysian data centers
OpenAI has inked a multi-year deal with Australia's Firmus, securing computing capacity at two Malaysian data centres to support advanced AI models like Astra.
Glass Wall Systems opens IPO at ₹172-₹182, seeks ₹428cr
Glass Wall Systems India’s ₹428-crore IPO opens today, with a price band of ₹172-182 per share. The issue includes fresh equity and an offer for sale by promoters.
Asian markets mixed as Nikkei 225 rises and yen jumps
Asian markets showed mixed performance Tuesday, with the yen strengthening significantly and oil prices climbing amid escalating Iranian threats in the Persian Gulf.
The Economic Times expands 2026 awards with 2 new categories
The ET Product of the Year Awards 2026 spotlight products driving innovation, sustainability, and self-reliance with measurable real-world impact.
Economic Times HR Excellence Awards spotlights Woman HR Leader category
The Economic Times HR Excellence Awards 2027 honors women revolutionizing HR, showcasing their strategic impact on business success and inspiring future generations of leaders.
Qatar resumes LNG exports through Strait of Hormuz after pause
Qatar resumed liquefied natural gas (LNG) shipments through the Strait of Hormuz, marking its first visible export via the waterway since July amid regional tensions.
Agnikul Cosmos opens STIF and proof to boost rocket readiness
Spacetech startup Agnikul Cosmos has inaugurated two advanced units, STIF and PROOF, at its Assembly & Testing Facility in Chennai to enhance rocket testing and manufacturing.
Global tech giants outpace Indian firms in April-June growth: Kotak
Global IT leaders like Accenture and Capgemini outperformed Indian-listed peers, leveraging AI, consulting, and transformation services for faster revenue growth.
Japan's economy grew at a 1.4% annual pace in Q2
Japan's economy grew at an annualised 1.4% in Q2, surpassing the initial 1.1% estimate, driven by stronger-than-expected corporate capital spending and resilient external demand.
Amazon debuts Creator Connections linking creators with 50,000+ Indian brands
Amazon's new Creator Connections program links creators with over 50,000 brands in India, enabling monetization through cost-per-click and affiliate sales opportunities.
Samsung India cuts about 100 TV and home appliance jobs
Samsung India has initiated layoffs in its electronics division, impacting 80-100 employees, as surging memory chip prices and declining sales pressure margins in its key markets.
Health Net decision prompts 24 Hour Home Care's 738 layoffs
24 Hour Home Care is cutting 738 positions, citing Health Net's decision to end key services. The layoffs, effective Sept. 15, impact caregivers across California.
India tops global job optimism for October through December 2026
India leads globally in job market optimism, with 65% of employers planning to hire in Q4 2026, driven by demand for new skills and advancing technology, a survey reveals.
Gold around $4,400 with U.S.-Iran tensions and 60% Fed odds
Gold held near $4,400 an ounce as Middle East tensions lifted inflation concerns, while a weaker US dollar against the yen supported bullion's appeal for global buyers.
Court to decide Lee Hwa-jin's claim over Smilegate shares
A South Korean court will decide the divorce case of gaming billionaire Kwon Hyuk-bin, potentially reshaping ownership of Smilegate, the company behind Crossfire and Lost Ark.
Shein's Hong Kong debut: shares drop 19% to $21bn
Shein’s Hong Kong IPO saw its valuation plummet by $5 billion within five trading days, reflecting market concerns over tariffs, competition, and operational challenges.
Finance Ministry delays PLI rollout for PSBs in fiscal 2026
The government has postponed the FY26 Performance Linked Incentive scheme for public sector banks, addressing employee concerns raised during ongoing bipartite discussions.
Studied or worked abroad? Axis Bank is now hiring
Axis Bank has launched a new hiring initiative called "Arise Homecoming," aimed at attracting globally educated Indian talent looking for job opportunities in India.
Swiggy's new 24x7 helpline helps you complain about food quality
Swiggy has launched a dedicated 24x7 helpline for customers to report any food safety-related concerns.
India's battery sector to generate 20L jobs by FY30
India's battery industry is poised to enter its most capital and employment-intensive phase, with an estimated 15-20 lakh jobs to be created by FY30.
TCS launches AI studio in London, plans 5,000 new jobs
Tata Consultancy Services (TCS) has announced the opening of an artificial intelligence (AI)-driven creative engineering studio in London.
NSE IPO to raise ₹30,000cr, valuation could touch ₹5 trillion
The National Stock Exchange (NSE) is gearing up for its initial public offering (IPO), which could raise as much as ₹30,000 crore.
Why McDonald's is ditching Pumpkin Spice Latte
McDonald's has announced that it will not be serving the popular Pumpkin Spice Latte this fall, marking a major shift in its seasonal menu.
Should you invest in consumption-focused mutual funds right now?
India's economy is heavily driven by consumption, with the country's GDP growing 7.8% in Q1 FY27, surpassing the RBI's projection of 7%.
Why China is infusing around $54B into banks and insurers
China is injecting a massive amount of CNY 360 billion ($53.6 billion) into eight of its state-owned banks and insurance companies.
Sensex could hit 89,000 by June 2027, says Morgan Stanley
Morgan Stanley, a leading Wall Street firm, has projected that the Indian economy is entering a multi-quarter growth phase.
EU might lose 300,000 manufacturing jobs in 2026. Reason? China
The European Union (EU) is facing a potential loss of 300,000 manufacturing jobs in the latter half of 2026. The grim prediction comes from Eurometal, an industry trade body.
Hyundai India eyes 20% women executives by 2030
Hyundai Motor India Ltd (HMIL) has announced plans to increase female representation in its executive workforce to 20% by 2030.
New ETF rules from today: How they affect investors
The Securities and Exchange Board of India (SEBI) has implemented new trading rules for exchange-traded funds (ETFs), effective today.
Your HDFC Bank loans are now cheaper
HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates (MCLR) on select tenures.
Safety is my top priority: Air India's new CEO
Air India's incoming CEO, Tewolde Gebremariam, has said that safety will be his top priority as he takes over the Tata Group-owned airline.
SC quashes ₹363cr GST demand against Vodafone Idea
The Supreme Court of India has upheld a Bombay High Court order quashing a ₹363 crore Goods and Services Tax (GST) demand against Vodafone Idea.
Uber co-founder could be eyeing the robotaxi market
Travis Kalanick's start-up, Atoms, could be venturing into the robotaxi space.
Why BSE shares are up 10% in 3 sessions
BSE shares have witnessed a remarkable surge, rising by 2% to a day's high of ₹3,475 on the NSE today.
Gold, silver prices down on MCX: Here we decode why
Gold and silver prices have witnessed a decline on the Multi Commodity Exchange (MCX) today. The fall comes amid weak global cues and muted spot demand.
How NRIs can submit life certificate for uninterrupted pension
Retired individuals who receive pensions under the Employees' Pension Scheme (EPS-95) must keep their Life Certificate, or Jeevan Pramaan, up to date.
Why Nike is leaving S&P 100 index after 18 years
Nike, the sportswear giant, will be removed from the S&P 100 index on September 21.
PVR Inox shares down over 8% today: What's the reason?
PVR Inox, India's leading cinema chain, witnessed a major fall in its share price today.
Tim Cook is not leaving Apple anytime soon
Tim Cook has stepped down as Apple's CEO after a successful 15-year tenure. However, he won't be leaving the company anytime soon.
'Baseless and incorrect': ISRO dismisses privatization rumors
The Indian Space Research Organization (ISRO) has clarified that there are no plans to privatize the space agency or reduce its role in the wake of ongoing space-sector reforms.
ED busts toll collection scam at 100 highway plazas
The Enforcement Directorate (ED) has unearthed a major toll collection scam, according to PTI.
How Tata Motors Commercial Vehicles benefits from €3.8B Iveco acquisition
Tata Motors Commercial Vehicles (TMCV) will soon become a global player in the commercial vehicle industry, thanks to its recent €3.82 billion acquisition of Italian group Iveco.
'Starve every day': McDonald's X account compromised by 'unpaid' intern
McDonald's India's official X account was hacked today. The hacker used the handle to post a complaint from an unpaid intern about salary issues.
India's GST Council meeting postponed. Reason? BRICS Summit
The 57th Goods and Services Tax (GST) Council meeting has been rescheduled from September 12 to October 7.
Ex-Reliance executive Amitabh Jhunjhunwala denied bail in ₹11,000cr money-laundering case
A Delhi court has denied bail to Amitabh Jhunjhunwala, a former Reliance executive, in an ₹11,000 crore money laundering case.
Why Modi government sold 4,000 tons of buffer onions
The Indian government has sold nearly 4,000 tons of buffer onions in 17 cities over the last 10 days. The move is part of a subsidized sale strategy to bring down the skyrocketing prices.
OPEC+ likely to keep oil output policy unchanged for October
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are likely to keep their oil output policy unchanged for October.
How to check if Aadhaar is linked to multiple SIMs
Did you know that your Aadhaar card can be linked with multiple mobile numbers?
Indian Bank to open representative office in Dubai
Indian Bank has announced its plans to set up a representative office in Dubai. The decision comes after the bank's board approved the move as part of its strategy to expand overseas operations.
PayPal, Oracle, Volkswagen layoffs: Is severance pay taxable in India?
In the wake of recent layoffs by global giants like PayPal, Oracle, and Volkswagen, the issue of severance packages has come to the fore.
7 candidates compete for ONGC's chief post
Seven candidates shortlisted for the top job at state-run Oil and Natural Gas Corporation (ONGC) are likely to appear before a search-cum-selection committee this week, according to PTI sources familiar with the selection process.
Bonus calculation may rise for government employees under new rules
The central government has announced that eligible employees with a monthly wage of over ₹7,000 will have their bonus calculated on either ₹7,000 or the minimum wage set by the government, whichever is higher.
SC to hear plea seeking regulation of airfares tomorrow
The Supreme Court of India will hear a petition on September 7, demanding regulatory guidelines to control the "unpredictable fluctuations" in airfares and ancillary charges by private airlines.
Jio launches ₹3,599 'Mega Anniversary' plan: What are the benefits?
To celebrate its 10th anniversary in India, Reliance Jio has launched a new "Mega Anniversary" plan priced at ₹3,599.
Why Modi government may liberalize FDI in plantation sector
The Indian government is mulling changes to its foreign direct investment (FDI) policy in the plantation sector, particularly focusing on commercial crops like bananas.
Just 33% of 37L missing phones recovered in India
The Central Equipment Identity Register (CEIR) has revealed that a staggering 36.7 lakh missing mobile phones were traced in India.
SBI to recruit 12,000 employees, open 250 branches in FY27
The State Bank of India (SBI) plans to recruit nearly 12,000 new employees and open around 250 branches this fiscal year.
FPIs withdraw ₹7,443cr from equities in 1st week of September
Foreign portfolio investors (FPIs) have turned net sellers in the first week of September, withdrawing ₹7,443 crore from Indian equities.
Ola Electric to raise up to ₹1,500cr
Ola Electric, a leading player in the electric two-wheeler market, has approved a plan to raise up to ₹1,500 crore.
ISRO employees' unions raise concerns over privatization of space sector
Nine employee organizations representing thousands of Indian Space Research Organization (ISRO) staff have sought clarification from the Department of Space (DoS) over the government's plan to increase private sector participation in India's space industry.
Chinese pharma major sells 4.55% Gland Pharma stake for ₹2,121cr
Fosun Pharma, a leading Chinese pharmaceutical company, has sold a 4.55% stake in Hyderabad-based Gland Pharma for ₹2,121.50 crore.
Adani Defence to offer ammunition for India's AK-203 rifles
Adani Defence and Aerospace has inked a five-year deal with Indo-Russian Rifles Pvt Ltd (IRRPL) to supply home-made 7.62x39 mm ammunition for AK-203 assault rifles.
AI boom pushes global billionaire wealth to record $15.1 trillion
The world's billionaire population has hit a new high in 2025, with the artificial intelligence (AI) boom contributing to a massive increase in wealth.
Tata-owned JLR to cut around 4,000 jobs in UK
Jaguar Land Rover (JLR), the UK's largest car manufacturer, is planning to cut around 4,000 jobs over the next two years.
TCS to build AI data center in Hyderabad for ₹70,000cr
Tata Consultancy Services (TCS) has announced plans to build a massive artificial intelligence (AI) data center campus in Hyderabad.
How to boost India's manufacturing growth? KPMG has an idea
A recent KPMG report has revealed that a sustained 30% improvement in workforce productivity could account for nearly 35% of India's future manufacturing output.
iBRICS summit in Delhi next week: What's on the agenda
The first-ever iBRICS Summit will be held in New Delhi on September 12 and 13.
Foxconn's monthly sales soar 52% on AI server demand
Hon Hai Precision Industry Co. better known as Foxconn, has reported a whopping 52% increase in its monthly sales.
CDs are making comeback as retro tech craze gains momentum
In an unexpected turn of events, the Recording Industry Association of America (RIAA) has confirmed a major resurgence in CD sales. The trend comes as part of a larger revival of retro technology.
11 IPOs worth over ₹7,000cr opening for subscription next week
The primary market is gearing up for a busy week, with 11 initial public offerings (IPOs) worth over ₹7,000 crore set to open for subscription between September 7 and September 10.
Why CBI filed an FIR against Subhash Chandra, 3 others
The Central Bureau of Investigation (CBI) has filed an FIR against Essel Group Chairman Subhash Chandra and three others.
India's forex reserves soar $11.5B to all-time high of $741B
India's foreign exchange reserves have witnessed a massive jump of $11.47 billion, hitting a new record high of $740.8 billion as of August 28.
Who will be the next chairman of Tata Sons?
The race for the next chairman of Tata Sons has narrowed down to three candidates, according to PTI.
LIC can now acquire 9.99% stake in ICICI Bank
The Reserve Bank of India (RBI) has approved Life Insurance Corporation of India's (LIC) proposal to acquire up to 9.99% of ICICI Bank's share capital.
Why RBI's ₹7L crore VRRR auction on Monday matters
The Reserve Bank of India (RBI) has announced that it will conduct a ₹7 lakh crore variable rate reverse repo (VRRR) auction on September 7.