Business
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Mother Dairy opens 550-tonne butter chiplet line
The Hindu BusinessLineArchived
Mother Dairy has set up its first dedicated butter chiplet line in Junagadh, Gujarat, with annual capacity of 550 tonnes. A company official told The Hindu BusinessLine the line is at the existing Junagadh milk plant and will supply pan-India. The product is a 10-gram single-serv
Chopra absence adds pressure on javelin replacements
The Economic TimesArchived
Neeraj Chopra misses the Asian Games with an ankle injury, leaving Rohit Yadav and Yashvir Singh in javelin against Pakistan's Arshad Nadeem. Sri Lanka's Rumesh Pathirage has repeatedly crossed the 90m mark. India's hockey teams face extra pressure because gold brings 2028 Olympi
Coimbatore leads India with 5,500 senior living units
The Economic TimesArchived
Coimbatore has about 5,500 organised senior-living units, more than any Indian city, Noesis said. Only a quarter of buyers are local. PS Srikumar said villas once near Rs 70 lakh now fetch about Rs 3.5 crore. A JLL report put nationwide supply at 25,050 units as of June 2026, up
Tata Sons chair says India enters decades of growth
The Hindu BusinessLineArchived
Tata Sons Chairman N Chandrasekaran said India is poised for strong economic growth over several decades. At the Sai University convocation in Chennai on September 19, 2026, he said the coming period could be unparalleled in India history. He told graduates artificial intelligenc
Rupee closes 7 paise lower at 95.96 per dollar
The Hindu BusinessLineArchived
The rupee closed 7 paise lower at 95.96 against the US dollar on Friday after giving up early gains. It opened at 95.75 and touched an intraday high of 95.71 before finishing at the day's low. Thursday's close was 95.89. The dollar index rose 0.24 percent to 100.39. FIIs bought e
Uber pays $40 million after passenger killed on highway
LivemintArchived
Arbitrator Richard Stone awarded $40 million to parents of Emily Normandin-Parker, 23, after a 2023 crash on Route 73 in Orange County. Stone found Uber vicariously liable for driver Vu Tran's actions. He assigned $20 million to each parent. Uber said it disagrees with the ruling
Air India CEO weighs folding Express after ₹22,000 crore loss
Business StandardArchived
Incoming Air India CEO Tewolde Gebremariam is considering folding Air India Express into the group to cut costs, people familiar with the matter said. Air India posted a ₹22,000 crore loss in the year through March. Tewolde questioned running two airlines with separate permits. C
Barrick Mali unions threaten strikes from September 28 over pay
LivemintArchived
Unions at Barrick Mining's Loulo-Gounkoto gold complex in Mali issued strike notices risking disruptions from September 28, Reuters reported on September 18. SOMILO and GOUNKOTO workers planned four-day strikes over mission expenses and labour agreements. Catering contractor Food
RBI FAQs restate 90 percent CIC rule after Tata Sons
Business StandardArchived
Days after rejecting Tata Sons' bid to leave the CIC category, the RBI issued NBFC FAQs on CIC rules, principal business and public funds. A CIC keeps at least 90 percent of net assets in group investments and holds assets of at least Rs 100 crore. RBI listed Tata Sons as upper-l
BEML wins Rs 5,400 crore bullet train order
The Indian ExpressArchived
BEML has secured a Rs 5,400 crore-plus order from NHSRCL to supply and maintain high-speed rolling stock for the Mumbai-Ahmedabad bullet train project. The defence PSU is building India's first B28 trainset at its Aditya High-Speed Rail Complex in Bengaluru. The Railways aims to
Elevate Campuses sets IPO band at Rs 343-362
The Hindu BusinessLineArchived
Elevate Campuses fixed its IPO price band at Rs 343 to Rs 362 a share, aiming to raise Rs 2,100 crore through a fresh issue of 5.80 crore shares. Subscription opens on September 23. Retail investors can apply for a minimum of 41 shares. As of March 31 it served 80,255 students ac
Chandrachud says Noel Tata no-vote voids 5-year extension
The Indian ExpressArchived
Former Chief Justice DY Chandrachud told Tata Trusts that extending Tata Sons Chairman N Chandrasekaran for five years needed affirmative nominee-director votes. Noel Tata voted against the resolution while Venu Srinivasan backed it. Chandrachud said the majority-nominee requirem
Finance Ministry rejects US pressure claim on 0.4% MDR
The Economic TimesArchived
The Finance Ministry dismissed claims that US pressure drove the 0.4 percent Merchant Discount Rate on select UPI payments. The Department of Financial Services said the September 15 NPCI circular allows only RuPay credit cards on UPI credit transactions. It called external-influ
Dr Reddy's to distribute Qdenga for ages 4-60
The Hindu BusinessLineArchived
Takeda will bring dengue vaccine Qdenga to India through an exclusive distribution deal with Dr Reddy's Laboratories. Private-market supply is expected in the first half of 2027, the companies said. CDSCO approved Qdenga in July 2026 for people aged 4-60 years. It is given as two
NASA LRO finds 728-foot Moon crater named for McGetchin
The Economic TimesArchived
NASA's Lunar Reconnaissance Orbiter spotted a new 728-foot crater after a May 2024 impact on the Moon's near side, researchers wrote in Science Advances. Scientists confirmed the find in early 2026 and named it for Thomas McGetchin. It is about three times larger than the prior L
Tata Trusts tables SP plan to raise Rs 25,000 crore
Business StandardArchived
Tata Trusts chairman Noel Tata on September 17, 2026 presented an SP Group proposal to sell Tata Sons shares for at least Rs 25,000 crore. Valuation would follow Rule 11UA of the Income Tax Rules, 1962. The SP Group holds about 18.37% in Tata Sons. The buyout could run in two tra
Tata Sons board backs Chandrasekaran for 5 more years
LivemintArchived
Tata Sons directors voted 4-1 on Thursday to recommend N Chandrasekaran as chairman for five more years. Noel Tata voted against and cited Chief Justice D.Y. Chandrachud's opinion. On August 12, 2026 Chandrasekaran said he would not seek another term ending February 20, 2027. Tat
Indian utility vehicle exports hit 203,582 units in April-August
LivemintArchived
Indian utility vehicle exports rose 23 percent to 203,582 units in April-August 2026, taking 56 percent of car exports, SIAM data showed. Passenger car exports fell 16 percent to 154,190 units for a 43 percent share. Total passenger vehicle exports grew 2 percent to 360,553 units
Centre to track daily pass-through of 0.4% UPI MDR
The Indian ExpressArchived
The government will monitor daily from October 15 whether merchants pass on the new 0.4 percent Merchant Discount Rate on UPI transactions above Rs 2,000. Officials said comparisons will use year-ago figures. NPCI set an upper limit of Rs 300, with a flat Rs 5 fee for some goods
BharatPe backs UPI MDR, cites 96% P2M unaffected
Hindustan TimesArchived
BharatPe backed the new Merchant Discount Rate framework for UPI and said Ashneer Grover's criticism does not represent the firm. CEO Nalin Negi said consumers still pay no UPI charges and about 96 percent of person-to-merchant transactions remain unaffected. A spokesperson said
CropLife seeks 5-year pesticide data protection
The Hindu BusinessLineArchived
CropLife India urged the Centre to introduce five-year Regulatory Data Protection for crop protection products on Thursday. The industry body, representing 17 research-driven companies, said Indian farmers currently access about 380 active ingredients against around 1,200 globall
Tata Sons board extends Chandrasekaran for 5 years
BBC NewsArchived
Tata Sons said N Chandrasekaran will be reappointed chairman for a further five years after he agreed to reconsider stepping down. Noel Tata, chairman of Tata Trusts which owns 66 percent of Tata Sons, called the reappointment illegal. Four directors voted in favour and he voted
Cadence expects India chip design growth before 2028 fab
LivemintArchived
Cadence Design Systems expects Tata Electronics' Dholera fab to boost Indian chip design when it opens in 2028. Group director Jayashankar Narayanankutty said design starts may rise with tape outs. Mobility Foresights expects India's EDA market to grow from $3.45 billion in 2025
Netrasemi raised Rs 125 crore and seeks state chip buyers
LivemintArchived
Netrasemi cofounder Jyothis Indirabhai said the Centre's Rs 1.28 trillion chip incentive plan needs procurement support at commercialisation. The startup raised Rs 125 crore and launched a chip for drones and cameras. It is in talks with over 20 OEMs in India and Japan. Indirabha
Tata Sons board meets split on listing and chair term
LivemintArchived
The Tata Sons board meets Thursday as Noel Tata opposes listing while chairman N. Chandrasekaran faces a split over his tenure. Chandrasekaran will not seek a new term ending 20 February. The Reserve Bank of India ordered the holding company to list. Tata Trusts said on August 13
GIFT City climbs nine places to 37th in GFCI
The Hindu BusinessLineArchived
Gujarat International Finance Tec-City rose nine places to 37th in the Global Financial Centres Index 40 from Z/Yen Partners and the China Development Institute. Mumbai advanced three spots to 49th. The report ranked 139 hubs using 144 measures and 39,531 assessments. MD Sanjay K
Sokhna terminal shifts to 80 percent feeder traffic
The Hindu BusinessLineArchived
DP World's Sokhna terminal in Egypt now handles about 80 percent of container traffic on feeders and 20 percent on mainline vessels, reversing the pre-crisis mix, COO Avnash Iyer said. The port sits about 130 km from Cairo at the southern Suez Canal entrance. Feeders range from 1
Nifty closes at 23,217.60 ahead of US Fed decision
The Hindu BusinessLineArchived
The Nifty 50 settled at 23,217.60 on Wednesday, up 99 points or 0.43 percent, while the BSE Sensex closed at 74,336.45, up 332.63 points or 0.45 percent. Gains stayed limited ahead of the US Federal Reserve decision that night. The Nifty Smallcap 100 fell 0.18 percent for a fifth
JPMorgan sees mid-teens growth in third quarter fees
LivemintArchived
JPMorgan co-president Doug Petno said September 15 at the Barclays Global Financial Services Conference he expects third-quarter investment banking fees and markets revenue up mid-to-high teens percent. Shares in the largest US lender closed up about 0.7 percent after his remarks
OpenAI weighs funding round near $1.2 trillion value
LivemintArchived
OpenAI is in early investor talks about a funding round that could value the ChatGPT maker at about $1.2 trillion, the Financial Times reported. In March it raised $122 billion at a post-money valuation of about $852 billion. CEO Sam Altman has said an IPO is unlikely in 2026, wi
Sensex falls 777.94 points as crude and yields jump
The Hindu BusinessLineArchived
The BSE Sensex fell 777.94 points, or 1.04 percent, to 74,003.82 on Tuesday as crude, US bond yields and a weaker rupee hit equities. The NSE Nifty 50 dropped 279.50 points, or 1.19 percent, to 23,118.60, its lowest close since April 6, 2026. Brent crude hovered near $107 to $108
Budget phones under Rs 10,000 return as brands exit segment
The Economic TimesArchived
Smartphone makers are reviving low-memory models under Rs 10,000 as majors chase premium profits, executives told The Economic Times. Flipkart and Amazon sell Siavantage, Oneme and Zeno handsets with iPhone-like shells. An executive said the last 2GB RAM launch was in 2023 under
CCPA fines Rapido Rs 10 lakh over dark patterns
Business StandardArchived
The Central Consumer Protection Authority fined Rapido Rs 10 lakh for misleading ads, unfair contracts and dark patterns that pushed riders to pay more before rides confirmed, the ministry said Tuesday. CCPA found pre-ride prompts steered higher fares during booking. Uber and Ola
Uno Minda plans Rs 1,415 crore capacity expansion
The Hindu BusinessLineArchived
Uno Minda on Tuesday announced capacity projects totaling around Rs 1,415 crore. A Rs 510 crore Hosur aluminium casting plant would lift peak capacity from about 13,000 MT to 34,000 MT. A 3.3 million-unit two-wheeler alloy wheel plant at Kharkhoda carries Rs 155 crore extra capex
Vserv targets Rs 1,000 crore revenue by 2030
The Hindu BusinessLineArchived
Vserv Infosystems COO Raman Shukla said the Noida firm expects about Rs 1,000 crore revenue by 2030. He said group turnover was around Rs 150 crore last fiscal as the firm marked 10 years. Vserv has about 2,000 employees and clients in 23 Indian states plus four other countries.
Solar Industries agrees $1.355 billion Omnia purchase
The Hindu BusinessLineArchived
Solar Industries India said its South Africa unit will buy 100 percent of Omnia Holdings for about US$1.355 billion, or Rs 12,951 crore, at ZAR 134.5 a share. Omnia reported US$1.41 billion revenue for the year ended March 31, 2026. Closing is expected in early to mid-2027 subjec
India brokerage market valued at $6.98 billion in 2026
LivemintArchived
Z47 investor Anish Patil said India's broking sector faces another disruption cycle as younger investors adopt new platforms. A July Mordor Intelligence report valued the market at $6.98 billion in 2026, projecting 13.33 percent CAGR to $13.09 billion by 2031. Patil told Mint up
India bars bank fees on UPI payments up to ₹2,000
The HinduArchived
India on Monday notified Payment and Settlement Act, 2007, changes barring banks from charging on UPI and RuPay debit payments up to ₹2,000. The gazette said no bank or system provider may impose direct or indirect charges on those modes. The move altered an earlier provision tha
FSSAI inspections rose from 11,904 to 26,267 in FY25
LivemintArchived
As FSSAI intensifies enforcement, investors scrutinise food startup labels and supply chains before deals. Government data cited in March 2026 showed risk-based inspections rising from 11,904 in FY23 to 26,267 in FY25. In August FSSAI issued notices to more than 150 companies ove
Kospi falls over 3 percent as EM stocks drop
The Hindu BusinessLineArchived
Emerging-market stocks fell as West Asia tensions pushed investors toward safer assets. The MSCI developing-nation equities gauge dropped for a third straight session. South Korea’s Kospi slid more than 3 percent after major AI firms called for a slower development pace. Brent cr
RBI keeps Tata Sons under mandatory listing rule
The Hindu BusinessLineArchived
The Reserve Bank of India refused to exempt Tata Sons from a public listing rule for systemically important shadow lenders. Noel Tata chairs Tata Trusts, which own 66 percent of Tata Sons, and was caught off guard, people familiar said. Aides are weighing balance-sheet cuts below
Macquarie puts $450 million into Maple InVIT
LivemintArchived
Macquarie Asset Management invested about $450 million in Maple Infrastructure Trust, including $150 million for future acquisitions, the firms said Monday. Seller La Caisse also infused about $150 million for growth. After the September 11 deal, MAM and La Caisse will jointly ow
Info Edge appoints Himanshu Agarwal as CFO
The Hindu BusinessLineArchived
Info Edge (India) Ltd appointed Himanshu Agarwal as chief financial officer and whole-time director from September 17, 2026. Interim CFO Ambarish Raghuvanshi will stay as finance adviser until October 31 to help the transition. Former Adobe India managing director Naresh Chand Gu
India CPI inflation rises to 4.82% in August
The Indian ExpressArchived
India's consumer price inflation rose to 4.82 percent in August from 4.45 percent in July, data showed on September 14. Food inflation rose to 5.95 percent. Wholesale inflation rose to 9.92 percent. Producer output prices were 9.81 percent higher than a year earlier. The RBI Mone
IBBI proposes 4 personal guarantor insolvency changes
The Indian ExpressArchived
The Insolvency and Bankruptcy Board of India proposed four changes to personal guarantor resolutions after the Subhash Chandra case. Related-party creditors would lose voting rights on repayment plans. Professionals would check avoidance transactions before voting. Registered val
Mint finds 3,500 AI-titled jobs at 5 large IT firms
LivemintArchived
Large Indian IT firms are rebranding conventional software and analytics roles with AI labels rather than creating wholly new jobs, Mint reported citing Bernstein research. A Mint review of five employers found at least 3,500 openings with AI-related titles, including about 1,340
India beer volumes grew 12% annually from 2021 to 2025
LivemintArchived
Indian beer volumes rose about 12% each year from 2021 to 2025, more than twice spirits growth, Mint reported citing IWSR data. Volumes climbed from 21.29 million hectolitres to 36.9 million hectolitres while spirits reached 38.15 million hectolitres. Premium beer's sales share g
Tata Sons meets September 17 as trustees split on listing
LivemintArchived
Tata Sons will hold a board meeting on September 17, the first since chairman N Chandrasekaran said he would leave in February, Mint reported. Tata Trusts owns 65.9% and its nominees can veto capital changes a listing would require. Chair Noel Tata wants the company private while
Ex-SEBI member says 90 percent of retail traders lose
The Hindu BusinessLineArchived
Former SEBI whole-time member Ananth Narayan told Hindu BusinessLine that about 90 percent of individual derivatives traders lose money annually. He put average losses near Rs 1.2 lakh. Aggregate retail losses run around Rs 1 lakh crore a year. Derivatives notional volumes reachFPIs withdraw Rs 13,138 crore from equities
The Hindu BusinessLineArchived
Foreign portfolio investors pulled Rs 13,138 crore from Indian equities in early September, CDSL data show. That followed net buying of Rs 20,200 crore in July and Rs 29,630 crore in August. NSDL logged the same September figure through September 11. 2026 FPI equity outflows reac