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Payment aggregators urge RBI to extend September 15 re-KYC deadline
Payment aggregators have urged the Reserve Bank of India to extend the September 15 re-KYC deadline, citing challenges in clearing a massive backlog of merchant verifications.
Indian government allows FDI-backed e-commerce to hold Indian-made export inventory
The government now permits FDI-backed e-commerce firms to hold inventory exclusively for exporting Indian-made goods, while domestic inventory-based retail remains restricted.
Lumino Industries shares jump 41.5% to ₹116.08 in BSE debut
Lumino Industries shares soared 41.5% above their IPO price of ₹82, continuing their upward momentum after a strong stock market debut with a 34.15% premium on listing day.
HDFC Bank shares nearly flat at ₹711.95 near 52-week low
HDFC Bank shares traded nearly flat at ₹711.95 on Friday, touching the day’s high, with a traded volume of 30.48 lakh shares and a market cap of ₹10.97 lakh crore.
Sterlite Technologies eyes FY29 ₹20000cr target with ₹3000cr 50% expansion
Sterlite Technologies shares soared 5% to Rs 750 as the firm unveiled ambitious growth plans, driven by booming AI demand and optical connectivity expansion.
Indian rice export prices hit 12-month high after weak monsoon
Indian rice export prices surged to their highest in a year, driven by below-average monsoon rainfall that threatens crop productivity and tightens supply in global markets.
Rays of Belief IPO allotment final today after 125Cr oversubscription
The Rays of Belief IPO allotment is set to be finalised today, September 4, after its Rs 125-crore offering saw a robust subscription of 107.71 times.
Gujarat's LCC Projects launches IPO at ₹139-146 per share
Gujarat-based EPC firm LCC Projects will debut its Rs 427.1 crore IPO on September 9, with a price band of Rs 139-146 per share, valuing the company at Rs 4,229.2 crore.
EY: AI could automate up to 80% of treasury jobs
Agentic AI could automate 80% of routine treasury tasks, enabling professionals to focus on strategic decisions and risk management, according to an EY report.
Indian rupee 6th straight day at 94.46 versus US dollar
The rupee appreciated by 5 paise to 94.46 against the US dollar in early trade, driven by robust foreign inflows and aggressive Reserve Bank of India intervention.
Data center developer Crusoe raises $3B at $30B valuation
Crusoe, a leading data center developer and client of tech giants like Meta, Microsoft, and OpenAI, has raised $3 billion in its latest funding round.
US and South Korea hold chip talks after Lutnick remarks
South Korea and the U.S. are negotiating semiconductor investments as Washington plans targeted tariffs, raising concerns about potential impacts on bilateral trade agreements.
Bitcoin over $81,000 after Fed Governor Christopher Waller signals pause
Bitcoin surged past $81,000 with a 4% daily gain as softer Federal Reserve rate expectations boosted risk assets. Zcash outperformed, soaring nearly 15% in 24 hours.
Nomura warns US dollar could weaken if AI hype cools
Nomura warns that the US dollar faces potential weakening if the AI boom falters, as foreign investors' exposure to USD assets has surged to an extreme 80% ratio.
Manipal Payment and Identity Solutions launches IPO priced ₹322-₹339, ₹805cr
Manipal Payment and Identity Solutions has set a price band of Rs 322-339 per share for its Rs 805-crore IPO, opening on September 9 and closing on September 11.
Priority Jewels lists on NSE, BSE at 15% premium
Priority Jewels shares listed at a 15% premium over their IPO price of Rs 200 on NSE, following an impressive subscription rate of 100.45 times during the bidding period.
Volkswagen to cut 100,000 jobs by 2030
Volkswagen, the German automotive giant, has announced plans to cut 100,000 jobs by the end of this decade.
Sensex surges to 76,664.98 as Nifty steadies at 23,926.60
The Sensex surged 512 points to 76,664.98, while the Nifty climbed above 23,900 in early trade. IT stocks led gains as market volatility eased with India VIX falling 3.10%.
EPFO launches employees' enrolment campaign 2026 with October 31 deadline
Salaried employees excluded from EPF between April 2009 and March 2026 can enrol under the Employees’ Enrolment Campaign (EEC) by October 31, 2026, if still employed.
Crusoe valuation triples to $30 billion after $3 billion raise
Crusoe, an AI infrastructure and cloud provider serving clients like Meta and OpenAI, has secured $3 billion in funding at a $30 billion valuation, Bloomberg reported.
Axis Bank and Scapia launch no-fee travel credit card
Axis Bank and Scapia have introduced a co-branded credit card offering zero forex markup, travel rewards, and airport privileges, available on Mastercard and RuPay networks.
Indian markets seen mixed after Nifty slips 41, realty gains
Indian equity benchmarks are expected to open in red on Friday, as profit-booking pressures persist amid elevated crude prices and mixed global cues from Asian markets.
Missed income tax return deadline? Audited and transfer pricing extensions
The August 31 deadline has passed, but taxpayers still have options to file their income tax returns. Key deadlines vary for tax audit, transfer pricing, and belated returns.
ED seizes 2.11cr assets and freezes 37cr in Parimatch probe
The Enforcement Directorate seized assets worth ₹2.11 crore and froze ₹37 crore in bank funds during its probe into the illegal online betting platform Parimatch.
Coinbase seeks SEC and CFTC approval for single-stock perpetual futures
Coinbase has filed with the SEC to introduce single-stock perpetual futures in the US, aiming to bring regulated, leveraged trading on stocks to American retail investors.
Vinod Khosla family buys Seattle Seahawks for $9.612 billion
The Khosla family finalized their $9.612 billion purchase of the Super Bowl champion Seattle Seahawks, marking a historic ownership change approved by NFL owners eight days prior.
Anthropic, Claude AI developer, locks $15B credit facility before IPO
Anthropic is set to expand its revolving credit line to $15 billion, clearing a key step before its highly anticipated IPO led by major banks like Morgan Stanley and Goldman Sachs.
The Economic Times HR Excellence Awards 2027 salute HR teams
The Economic Times HR Excellence Awards 2027 honors HR teams excelling in strategy execution, creating measurable outcomes across six key categories.
After over a decade, Carrefour opens its new Noida store
Carrefour re-enters India after 12 years, planning 50 stores in NCR and Uttar Pradesh under a franchise model, adapting to evolving retail trends and consumer preferences.
Lululemon stock falls 18% after weak Q2 revenue, outlook cut
Lululemon's shares fell 18% in extended trading as the company reported a 4% revenue decline and slashed its full-year guidance amid slowing sales and social media backlash.
Asian markets rise after Fed governor Christopher Waller hints pause
Asian stocks climbed as investors pared back expectations of a September Fed rate hike. The yen surged, while gold and Bitcoin held recent gains.
Foreign investors poured ₹13,010 cr into Indian stocks, extending streak
Foreign portfolio investors infused ₹13,010 crore into Indian equities during August 16-31, focusing on growth-oriented sectors like consumer services, financials, and healthcare.
Krishna Rangasayee warns India could take decades to master chipmaking
India's push to establish a competitive semiconductor industry may take decades, says SiMa AI CEO Krishna Rangasayee, citing gaps in supply chains, customer demand, and capital.
Rentomojo sets IPO band ₹384-₹404, could raise $133 million valuing ₹4200cr
Rentomojo, a Bengaluru-based furniture rental platform, has announced a ₹384-404 price band for its $133 million IPO, targeting a valuation of ₹4,200 crore at the top range.
Jio Platforms to launch $4 billion IPO during festive season
Jio Platforms plans to launch India's largest-ever $4 billion IPO around Navratri or Diwali, with roadshows starting soon after finalizing dates in the coming weeks.
Indian government plans AI automation to speed registrations, aid MSMEs
India plans to simplify corporate compliance norms, leveraging AI and automation to expedite company registrations and closures while reducing MSME procedural burdens.
Anil Chakravarthy named Adobe CEO, Shantanu Narayen becomes executive chair
Adobe has named Anil Chakravarthy as its new CEO, succeeding Shantanu Narayen, who will transition to executive chair after leading the company for over 18 years.
Hong Kong IPOs hand shares to 'friends and family' groups
Hong Kong's IPO boom sees companies handpicking investors, favoring strategic partners and allies over traditional funds, reshaping allocation practices in a competitive market.
Dow over 600 points after Fed Governor Christopher Waller remarks
Fed Governor Christopher Waller's comments on inflation and interest rates sparked a relief rally, with the Dow Jones surging over 600 points, marking its best day since August 4.
NVIDIA raising AI server prices 15% next year in India
Nvidia's reported 15% price hike on AI servers from 2024 could significantly increase deployment costs, impacting cloud providers, data centres, and enterprises in India.
OpenAI launches $1B 'Daybreak' to protect US critical services
OpenAI pledges $1 billion to bolster cybersecurity for critical U.S. services, addressing rising concerns over AI-driven cyberattacks and scrutiny of its own AI safety practices.
Volkswagen could cut about 50,000 jobs by end of decade
Volkswagen’s supervisory board has approved a transformation plan targeting 50,000 job cuts by 2030 to enhance competitiveness amid global pressures and industry shifts.
NVIDIA buys Hugging Face for $13B
NVIDIA has announced its decision to acquire Hugging Face for $12.93 billion.
Thinking Machines lining up $1B round at least $40B valuation
Accel is reportedly in discussions to lead a $1 billion funding round for AI startup Thinking Machines, valuing the company at $40 billion, according to The Information.
SEBI reworks ETF pricing rules effective September 7, 2026
SEBI's revised ETF pricing framework, effective 7 September 2026, introduces dynamic price bands and updated base price calculations to enhance market stability and transparency.
Wonder cuts 150 employees to focus on robotics and expansion
Wonder, led by Marc Lore, cut 150 jobs (7% of its workforce) to prioritize robotics and automation, following a $650 million investment that valued the company at $9 billion.
Pronab Sen urges NSO publish old and new GDP series
Former chief statistician Pronab Sen advocates for dual GDP series with old and new bases, emphasizing accurate double deflation requires comprehensive input-output price data.
Nirmala Sitharaman tells New York investors 7.8% growth Q1 FY27
India's Finance Minister Nirmala Sitharaman highlighted the nation's 7.8% Q1 FY27 growth and reform-driven investment climate at a high-level business roundtable in New York.
Gold jumps over 2% after Fed's Christopher Waller suggests pause
Gold surged over 2% after Fed Governor Christopher Waller signaled support for steady rates if inflation cools, while lower yields and a weaker dollar boosted demand.
Swiggy's CREW can plan, book and manage your entire trip
Swiggy has expanded its premium concierge platform CREW into the travel sector. The new service is a dedicated personal travel concierge that plans, books and curates entire journeys with on-site assistance.
Sensex's wild 2,100-point swing: What happened during CAS?
The Bombay Stock Exchange's (BSE) benchmark index, Sensex, witnessed a major fall on September 3. The index closed at 76,152.86, down by 417.49 points or 0.55%.
Google co-founder's $450M superyacht takes hours to refuel
Google co-founder Sergey Brin's superyacht, Dragonfly, is so massive that it can't be refueled at regular marinas.
New Zealand to make Indian exports duty-free next month
The India-New Zealand Free Trade Agreement (FTA) will come into effect from next month.
SpiceJet plans comeback with 20 aircraft, 200 daily flights
SpiceJet has announced its plan to add 20 aircraft into its fleet by mid-November.
India to finalize US trade deal after getting preferential edge
Commerce and Industry Minister Piyush Goyal has said that India will finalize its proposed trade deal with the US once Washington provides a preferential tariff advantage to Indian exporters.
Indian rupee hits 2-month high at ₹94.3 per USD
The Indian rupee opened on a strong note today, hitting a two-month high.
BSE shares jump 4.5% as NSE cannot self-list after IPO
BSE's shares surged by 4.5% today, following comments from the exchange's MD and CEO Sundararaman Ramamurthy.
Amazon, Meesho to create 11.6L seasonal jobs amid festive rush
As India's festive season approaches, e-commerce giants Amazon and Meesho are ramping up their hiring efforts.
Tata Trusts gets relief as regulator closes share transfer complaint
Tata Trusts has received a major relief from the Maharashtra Charity Commissioner, allowing it to continue its operations and search for a new chairman.
Syed Akbaruddin, a former diplomat appointed as part-time RBI director
Former Indian diplomat Syed Akbaruddin has been appointed as a part-time non-official director on the Central Board of the Reserve Bank of India (RBI).
Netherlands moves 86 tons of gold from US, Canada
The Dutch central bank (DNB) has shifted 86 tons of gold from the US and Canada to London. The transfer took several months and was prompted by "increasing geopolitical unrest."
ByteDance secures $30B loan amid AI spending push
ByteDance, the Chinese tech giant behind TikTok, has bagged a massive $29.6 billion loan. The move marks Asia's second-largest dollar-denominated borrowing this year.
Drivers, riders stranded mid-trip after Uber abruptly exits Nigeria, Uganda
Ride-hailing giant Uber triggered widespread chaos across Nigeria and Uganda after switching off operations with immediate effect on Wednesday, reportedly stranding drivers and passengers mid-journey.
Boeing fined $3.1M by US aviation regulator over safety violations
Boeing has been slapped with a $3.1 million fine by the US Federal Aviation Administration (FAA) for a series of safety violations.
India's services growth picks up but stays near 4-year low
India's services sector witnessed a minor uptick in August, according to the latest Purchasing Managers' Index (PMI) data from S&P Global.
7.8% or 2.6%? What is behind India's GDP data controversy
The Indian government has clarified the revisions to its Gross Domestic Product (GDP) estimates, following a claim by former Finance and Economic Affairs Secretary Subhash Chandra Garg.
Trump imposes 100% tariffs on foreign-made drones
The United States has imposed new tariffs of up to 100% on drones and certain components. The move is part of Washington's effort to reduce its reliance on imports in an industry dominated by China.
PayPal lays off 600 employees in India
PayPal has laid off around 600 employees in India as part of a global workforce restructuring to cut costs.
Trump supports OpenAI in copyright fight with New York Times
The Trump administration has contributed a 20-page brief in support of OpenAI, the company behind ChatGPT.
Tata Sons to invest over ₹10,000cr in Air India
Tata Sons' board has approved a capital infusion of over ₹10,000 crore into Air India. This is one of the largest investments in the airline since its ₹18,000-crore acquisition in 2021.
Google doesn't have to sell off its ad tech business
A US District Court judge has rejected the Justice Department's request for Alphabet Inc. to sell off its advertising exchange, AdX.
Zerodha's merchant banking license approved by SEBI: What's next?
Indian stock brokerage firm Zerodha has received approval from the Securities and Exchange Board of India (SEBI) to enter the merchant banking sector.
Uber is firing 10% of its global workforce
Uber has announced a massive restructuring plan that will see around 3,300 jobs, or 10% of its global workforce, being cut.
NIACL, IFCI shares jump 12% on NSE IPO buzz
The National Stock Exchange (NSE) is reportedly gearing up to launch its initial public offering (IPO) this month.
You can now watch micro-dramas on the Flipkart app
Walmart-owned Flipkart is launching a new feature on its app, introducing micro-dramas.
Why India's LPG consumption hit 6-month high in August
India's liquefied petroleum gas (LPG) consumption hit a six-month high in August 2026, according to official data.
India's soyoil imports touch record high: What's the reason?
India's edible oil imports surged in August, with soyoil hitting a record 601,000 tons and palm oil reaching a six-month high.
Why Japan has upgraded India's sovereign credit rating to 'A-'
The Japan Credit Rating Agency (JCR) has upgraded India's sovereign credit rating by one notch to 'A-' from 'BBB+.'
Flipkart loses 2 more VPs
Walmart-backed e-commerce giant Flipkart has witnessed another round of senior-level exits, with two Vice Presidents (VPs) resigning from their positions.
Cognition AI to raise $1B at $47B valuation
Cognition AI, an artificial intelligence coding start-up, is on the verge of closing a new funding round that could push its valuation to around $47 billion.
Amul is now strongest dairy brand in the world
Amul has been named the world's strongest dairy brand by Brand Finance, a brand valuation consultancy.
This data center operator is planning $1.5B IPO in India
Yotta Data Services, a leading data center operator backed by the Hiranandani Group, is gearing up for an initial public offering (IPO) in the January-March quarter of 2027.
Taiwan's companies to invest another $20B in US
Taiwanese companies are planning to invest an additional $20 billion in the United States, driven by the growing demand for artificial intelligence (AI) applications.
NCLAT to hear Subhash Chandra's insolvency case on October 7
The National Company Law Appellate Tribunal (NCLAT) has postponed the insolvency proceedings against Zee Entertainment Enterprises founder Subhash Chandra to October 7.
When will Tata Sons announce its next chairman?
The search for a new Chairman of Tata Group has hit a snag due to regulatory hurdles.
Axis Bank now lets you set personal UPI transaction limits
Axis Bank has launched a new feature, called UPI Limit Management, that lets customers set their own transaction limits for different categories of Unified Payments Interface (UPI) transactions.
Deepa Jewellers IPO fully subscribed, GMP points to 23% gain
The initial public offering (IPO) of Deepa Jewellers has been fully subscribed on the second day of bidding.
Sensex tanks over 600 points: What's behind today's deline?
India's benchmark equity indices fell sharply on Wednesday, mirroring the trend in global markets.
Oil prices soar to $96 as US-Iran tensions escalate
Oil prices climbed on Wednesday amid escalating Middle East tensions following recent US strikes on Iranian targets and reported retaliatory action by Tehran against US allies.
Apple's new CEO John Ternus gets $58M pay package
Apple has announced the pay packages for its new CEO, John Ternus, and executive chairman, Tim Cook.
India's current account deficit in Q1 FY27 surges to $4.2B
India's current account deficit (CAD) widened to $4.2 billion in the first quarter of FY27, up from $3.4 billion during the same period last year.
Meet Bombay Creamery, Reliance's answer to Kwality Wall's ice cream
Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods (FMCG) division of Reliance Industries Limited, has launched a new ice cream brand called Bombay Creamery.
Whatfix's co-founder and CEO Khadim Batti passes away at 49
Khadim Batti, the co-founder and CEO of Whatfix, has passed away at the age of 49 due to cardiac arrest.
India's bank unions are planning a strike on September 11
The United Forum of Bank Unions (UFBU), which claims to represent over 90% of the banking workforce in India, has announced a nationwide strike on September 11.
You can soon perform agentic payments through UPI
India is gearing up to introduce a framework that will enable artificial intelligence (AI) agents to make small digital payments without needing approval for each transaction.
India wants copper and other critical minerals from Zambia
India has resumed talks with Zambia to explore investment opportunities in copper and other critical minerals.
HDFC Bank's bonds hit record low: What's the reason?
HDFC Bank's newly issued dollar bonds have plummeted to unprecedented lows, following the unexpected exit of its Chief Executive Officer (CEO), Sashidhar Jagdishan.
This auto-parts maker is planning $300M IPO in India
Faridabad-based auto-parts manufacturer, Victura Technologies, is said to be mulling an initial public offering (IPO) in India.
GST collection in August up 14.8% YoY to ₹2L crore
India's Goods and Services Tax (GST) collection for August 2026 witnessed a remarkable growth of 14.8% year-on-year, reaching ₹1,99,853 crore.
ONGC, Chevron all set for oil deals with Venezuela
Leading global energy companies are on the verge of signing key agreements for projects in Venezuela.
KYC compliance: Millions of UPI merchants may miss RBI's deadline
The Indian payments industry is preparing for major disruptions as the Reserve Bank of India (RBI) nears its September 15 deadline for Know Your Customer (KYC) compliance.
Amazon sued over alleged $20B ad overcharges
The US Federal Trade Commission (FTC) and 22 states have filed a lawsuit against Amazon, accusing the tech giant of manipulating digital advertising prices on its platform.
UPI transactions cross 24B for first time
The Unified Payments Interface (UPI) has witnessed a major milestone, crossing the 24 billion transaction mark for the first time in August.
Why your next bottle of Old Monk might look different
Mohan Rocky Springwater, the manufacturer of popular rum brand Old Monk, has agreed to change its product labeling.
UpGrad buys edtech start-up Unacademy for just over $200M
Ronnie Screwvala-led UpGrad has officially acquired edtech start-up Unacademy for just over $200 million, the latter's co-founder and CEO Gaurav Munjal announced today.