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Business News

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08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

08 Sep 2026
TL;DR

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.

07 Sep 2026
Axis Bank Ltd

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.

07 Sep 2026
Swiggy

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.

07 Sep 2026
Gujarat

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.

07 Sep 2026
London

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.

07 Sep 2026
Bank of Baroda

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.

07 Sep 2026
McDonald's

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.

07 Sep 2026
Mutual Funds

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%.

07 Sep 2026
China

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.

07 Sep 2026
Morgan Stanley

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.

07 Sep 2026
Europe

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.

07 Sep 2026
Hyundai Motor India

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.

07 Sep 2026
HDFC Bank

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.

07 Sep 2026
Air India

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.

07 Sep 2026
Bombay High Court

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.

07 Sep 2026
Uber

Uber co-founder could be eyeing the robotaxi market

Travis Kalanick's start-up, Atoms, could be venturing into the robotaxi space.

07 Sep 2026
Bombay Stock Exchange (BSE)

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.

07 Sep 2026
Finance

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.

07 Sep 2026
Reserve Bank Of India (RBI)

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.

07 Sep 2026
Nike

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.

07 Sep 2026
PVR Inox

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.

07 Sep 2026
Apple

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.

06 Sep 2026
Madhya Pradesh

ED busts toll collection scam at 100 highway plazas

The Enforcement Directorate (ED) has unearthed a major toll collection scam, according to PTI.

06 Sep 2026
Tata Motors Ltd

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.

06 Sep 2026
McDonald's

'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.

06 Sep 2026
BRICS

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.

06 Sep 2026
Anil Ambani

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.

06 Sep 2026
Indian Government

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.

06 Sep 2026
Saudi Arabia

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.

06 Sep 2026
Aadhaar Card

How to check if Aadhaar is linked to multiple SIMs

Did you know that your Aadhaar card can be linked with multiple mobile numbers?

06 Sep 2026
Dubai

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.

06 Sep 2026
PayPal

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.

06 Sep 2026
Central Government

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.

06 Sep 2026
Supreme Court Of India

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.

06 Sep 2026
Reliance Jio

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.

06 Sep 2026
Indian Government

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.

06 Sep 2026
Delhi

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.

06 Sep 2026
State Bank of India (SBI)

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.

06 Sep 2026
Foreign Investment

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.

06 Sep 2026
LG

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.

06 Sep 2026
Bombay Stock Exchange (BSE)

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.

06 Sep 2026
Adani Group

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.

05 Sep 2026
Jaguar Land Rover

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.

05 Sep 2026
India

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.

05 Sep 2026
BRICS

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.

05 Sep 2026
Foxconn

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.

05 Sep 2026
eBay

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.

05 Sep 2026
Subhash Chandra

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.

05 Sep 2026
Reserve Bank Of India (RBI)

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.

05 Sep 2026
Tata Sons

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.

05 Sep 2026
ICICI Bank

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.

05 Sep 2026
Reserve Bank Of India (RBI)

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.