Business
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Naidu plans Chennai Airport rise to 55 million
The Hindu BusinessLineArchived
Civil Aviation Minister K Ram Mohan Naidu said Terminal 5's 20 million capacity could take Chennai Airport near 55 million. A Rs 2,500 crore upgrade aims to lift capacity from 20 million to 25 million by April 2027. The airport handled 23 million passengers in 2025, from 13 milli
NSE and BSE closed on September 14 for Ganesh Chaturthi
Hindustan TimesArchived
NSE and BSE will remain closed on September 14 for Ganesh Chaturthi. Equity and equity derivatives will not trade on Monday. Currency derivatives and listed repo segments also stay shut on the holiday schedule. Trading resumes on September 15. On Friday the Sensex closed at 74,78
Altman rules out OpenAI IPO in 2026 on safety
LivemintArchived
OpenAI chief Sam Altman told Fortune the company will not go public in 2026 while it focuses on AI safety work. He called this year an ill-advised moment for a listing. Altman said a ten percent chance of killing everybody by decade's end is unacceptable. Anthropic's Dario Amodei
Gem jewellery exports rise 3% to $2.30 billion
The Hindu BusinessLineArchived
India's gem and jewellery exports rose 3 percent in August to $2.30 billion from $2.23 billion. In rupee terms, shipments rose 13 percent to Rs 21,946 crore, GJEPC data showed. Studded gold jewellery exports jumped 52 percent in dollar terms. Plain gold jewellery exports fell 24
Houthi gains and pipeline halt hit Saudi oil routes
The Economic TimesArchived
Houthi forces seized Yemen's port Mokha and a Red Sea island over two days, Economic Times reported. That increased their reach near Bab el-Mandeb. Saudi Arabia on Friday shut an east-west oil pipeline after drone attacks from Iraq. Kpler data showed Saudi Asia oil exports fell f
East Green Quant PMS returns 14.73% in August
The Economic TimesArchived
East Green Advisors' Quant Strategy led equity PMS returns in August with a 14.73 percent gain. The month ended August 31, 2026, Economic Times reported. Atlas Integrated Finance's Momentum 20 followed at 14.46 percent. Hem Securities' India Rising SME Stars gained 13.08 percent.
US FDA classifies Jubilant Spokane plant as VAI
The Hindu BusinessLineArchived
Jubilant Pharmova said the U.S. FDA classified its Jubilant HollisterStier Spokane contract manufacturing site as Voluntary Action Indicated after a June inspection. The agency reviewed the Establishment Inspection Report for the visit from June 8 to June 17, 2026, the filing sai
Coforge chairman Bhatt resigns after 43-day board dispute
LivemintArchived
In 43 days, O.P. Bhatt went from nomination committee backing for another five-year Coforge chair term to resigning on September 8. Advent International, owning 21.18% of Coforge, opposed his continuation until 2032 on age grounds, executives told Livemint. Bhatt's reappointment
USFDA issues 2 observations at Dr Reddy's Mexico plant
The Hindu BusinessLineArchived
Dr Reddy's Laboratories said U.S. FDA officials completed a records assessment of its API plant in Mexico and issued two observations on Form FDA 2953. The review at Industrias Químicas Falcon de México ran from July 17 to September 8, the company said Friday. Dr Reddy's said it
Coforge says OP Bhatt got lowest board rating
The Indian ExpressArchived
Coforge Ltd said former chairman OP Bhatt got the lowest board evaluation rating, and that finding was not disclosed to the Nomination and Remuneration Committee or the board. An internal auditor said reports were shown without copies and missed findings. Bhatt resigned as chairm
Expert says India needs patient biotech capital
The HinduArchived
India has more than 2,500 biotech startups, but long-term capital without quick-return pressure remains scarce, HealthKois co-founder Ajay Mahipal said. At Biotech Conclave 2026 at VIT Chennai, he said India is shifting from manufacturing toward innovation. Patents have risen fou
BRICS ministers push local currency trade settlements
The Indian ExpressArchived
BRICS finance ministers and central bank chiefs backed cross-border payment work and local currency trade settlements in a joint statement. Meetings were held in Jaipur on August 12-13 and in Mumbai on Thursday ahead of the New Delhi summit. Commerce Minister Piyush Goyal urged l
Coforge says OP Bhatt withheld board evaluation findings
The Hindu BusinessLineArchived
Coforge said on Friday that outgoing chairman OP Bhatt did not share complete board evaluation findings with the board and nomination committee. Reports were available only to Bhatt and NRC chair DK Singh, it told exchanges. A finding that the chairman's category got the lowest r
India urges BRICS to build resilient supply chains
The Hindu BusinessLineArchived
External Affairs Minister S Jaishankar on Friday told the BRICS Business Forum in New Delhi that higher economic security means greater self-reliance for members. He cited geopolitical conflict, the West Asia crisis and shifting tariffs after US trade measures. Commerce Minister
UBS analyst says 10-minute delivery race is over
The Hindu BusinessLineArchived
UBS analyst Navin Killa said Indian online retail's fight is no longer 10 to 15 minute delivery. He called that speed a hygiene factor. Platforms now compete on assortment and wallet share across categories. UBS pegs India's online retail market at about $80 billion and sees it n
Anthropic says AI could lift US GDP by 2030
The Hindu BusinessLineArchived
Anthropic's economics report models three US paths to 2030 and says AI raises output in each. In the substantial scenario, US GDP reaches $36.3 trillion, 8.3 percent above a no-AI baseline. In the extreme scenario, GDP could hit $44.4 trillion, 32.4 percent higher. The firm warns
Bahrain court rejects 7 Credit Suisse AT1 claims vs HDFC
The HinduArchived
HDFC Bank said Bahrain's High Civil Court rejected claims by seven Credit Suisse Additional Tier 1 bond investors, ordering them to bear costs. Two proceedings were decided recently and five similar matters were rejected between July and August 2026. Investors alleged negligence
Mariwala rates Indian boards at 2-2.5 after Coforge exit
LivemintArchived
Marico founder Harsh Mariwala said Indian boards rate about 2-2.5 on a five-point effectiveness scale after Coforge chair O. P. Bhatt resigned Wednesday. Coforge said Board Evaluation Report material on the chairman was not fully disclosed when presented. Mariwala said evaluation
India refiners to add 4,000 tonnes daily LPG output
The Economic TimesArchived
Indian refiners plan to add about 4,000 metric tonnes per day of LPG. That is more than 10 percent above roughly 37,000 metric tonnes daily output now, sources said. Hormuz transit is unreliable after US and Iran attacks on ships. August LPG imports fell 25 percent year on year t
Emirates raises India freighter flights to 7 weekly
The Hindu BusinessLineArchived
Emirates SkyCargo launched new weekly freighter services to Bengaluru, Chennai and Hyderabad on September 10, 2026. The addition lifts Emirates freighter flights to India to seven a week. Badr Abbas of Emirates SkyCargo said the routes aim to speed Indian exports into global supp
Delhi High Court bars GST signup without Aadhaar biometrics
The Economic TimesArchived
The Delhi High Court directed authorities nationwide not to allow any GST registration without biometric-based Aadhaar authentication. Justices Anil Kshetarpal and Shail Jain issued the interim order after fake registrations used stolen PAN and Aadhaar details. Rajya Sabha figure
Hiranandani leases 2.72 lakh sq ft to Accenture
The Hindu BusinessLineArchived
House of Hiranandani leased 2.72 lakh sq ft of Grade-A office space at Centaurus in Hiranandani Estate, Thane, to Accenture Solutions. Sources said the 10-year deal carries monthly rent of Rs 1.9 crore, about Rs 269 crore over the tenure. JLL India facilitated the lease. The 21-s
Adani Airports raises $1 billion from global funds
The Indian ExpressArchived
Adani Airport Holdings Ltd agreed to raise about $1 billion, or Rs 9,825 crore, from Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds. The deal values AAHL at about $18 billion pre-money. Investors will hold roughly 5.54 percent after three tranches ending by
BirlaNu plans Rs 500 crore capex on chemicals and pipes
LivemintArchived
BirlaNu will invest close to Rs 500 crore over two years to expand construction chemicals and pipes capacity, managing director Akshat Seth said. The businesses account for just under 25 percent of revenue. BirlaNu reported Rs 3,730.4 crore revenue in FY26, up 3.2 percent, while
Vedanta Resources raises $400 million in bond tap issue
The Economic TimesArchived
Vedanta Resources secured an additional $400 million from a bond tap issue, bringing total fundraising through these instruments to $2.15 billion. The company raised $1.75 billion in late June through a three-tranche dollar bond sale aimed at retiring about $2 billion of high-cos
APSEZ wins 2 Paradip berths adding 18 mt capacity
The Hindu BusinessLineArchived
Adani Ports and Special Economic Zone won two dry bulk berths at Paradip Port in Odisha, adding 18 million tonnes of capacity. APSEZ received a Letter of Award for the CQ-I and CQ-II berths under a 30-year concession. The addition lifts its portfolio from 653 mt to 671 mtpa towar
US 30-year mortgage rate rises to 6.85%
Hindustan TimesArchived
The average US 30-year fixed mortgage rate rose to 6.85% last week from 6.79% the week before, the Mortgage Bankers Association said. Total mortgage applications fell 2.7%, and refinance applications dropped 6%. Adjustable-rate mortgages made up 8.5% of applications, up from 8% t
Rays of Belief lists at Rs 239, then slips 4.18%
The Hindu BusinessLineArchived
Rays of Belief Ltd, operating as Mom's Belief, listed at Rs 239 on the BSE and NSE on Tuesday, matching the IPO price. The stock later quoted at Rs 229, down 4.18 percent on the BSE. Valuation stood at Rs 476.77 crore. The issue in a Rs 227-239 band drew nearly 108-times subscrip
Whatfix names co-founder Vara Kumar as CEO
LivemintArchived
Whatfix appointed co-founder Vara Kumar as chief executive officer with immediate effect after co-founder Khadim Batti's death last week. The pair founded the in-app guidance software firm in 2014. Kumar has led product and research strategy. The company said operations continued
Air India exits 7 cities as Express expands
LivemintArchived
Air India is exiting smaller domestic markets as Air India Express takes over, focusing on international and metro routes. In August Air India stopped serving seven cities including Coimbatore, Bhopal and Madurai, with Express starting there on September 1. Express carried over 2
Snap CBO Ajit Mohan exits after 4 years
Business StandardArchived
Snap's chief business officer Ajit Mohan said Wednesday he will leave after four years. Ronan Harris, president for Europe, Middle East and Asia markets, will replace him as CBO. Mohan said he plans to return to India and spend more time with family in Singapore. He stays until y
Jio eyes September 2027 satellite test flight
The Economic TimesArchived
Reliance Jio is planning a September 2027 test flight for its 1,600-satellite LEO network, sources told The Economic Times. The company will send a few satellites to check hardware and software before mass deployment in early 2028. IN-SPACe has approved Jio's plan. Around 90-100
Coforge chairman Om Prakash Bhatt resigns after audit
The Hindu BusinessLineArchived
Coforge said chairman Om Prakash Bhatt resigned on September 8 after a board evaluation audit found concerns. The audit identified issues with how a report under Bhatt's guidance was presented to the board. Bhatt, former State Bank of India chairman, was appointed in 2024 for a t
US suspends Cognizant PERM filings amid visa probe
The Hindu BusinessLineArchived
The US Department of Labour Inspector General Anthony D'Esposito suspended permanent labour certification filings by Cognizant and Cloudera amid a visa fraud probe. PERM is the first step employers use to sponsor foreign workers for green cards. Cognizant, founded in Chennai in 1
Nifty closes at 23,635.10 near 3-month low
The Indian ExpressArchived
The Nifty 50 closed at 23,635.10 on Tuesday, down 144.05 points or 0.6 percent. The Sensex fell 0.7 percent to 75,577.58, near a three-month low. Analysts cited crude near $100 a barrel and IPO demand draining secondary-market liquidity. The rupee ended at 94.81 against the dolla
Irdai flags ICICI Lombard over ₹709.57 crore spending
The Economic TimesArchived
IRDAI penalised ICICI Lombard General Insurance over outsourcing lapses in a September 7 order. During FY19 the insurer incurred ₹709.57 crore under sales marketing and business support, of which about ₹35-37 crore went to individual agents of other insurers. IRDAI said the insur
Smilegate founder faces divorce verdict on Wednesday
LivemintArchived
A South Korean court will deliver a verdict Wednesday in the divorce case of Smilegate founder Kwon Hyuk-bin, whose fortune is estimated at $3 billion. Kwon, 52, controls Smilegate Inc., maker of Crossfire and Lost Ark. His wife Lee Hwa-jin, 53, has filed for divorce. A court-ord
HDFC Bank trades flat after 5-10 bps MCLR cut
The Hindu BusinessLineArchived
HDFC Bank shares traded flat at Rs 706.45 on the NSE at 10.29 am Tuesday after opening at Rs 707.10. Reports said the bank cut MCLR by 5-10 basis points across tenures from September 7. Motilal Oswal put gold loans at Rs 255 billion in June 2026, up 8 percent quarter on quarter.
Delhi HC rejects UltraTech challenge on CCI cement probe
LivemintArchived
Delhi High Court dismissed UltraTech Cement's appeal against the CCI letting the Builders Association of India join a grey cement cartel probe. Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia upheld a December 2023 single-judge order. The CCI opened the case after
Suzlon wins 200 MW Ayana wind order in Madhya Pradesh
Business StandardArchived
Suzlon said it secured a 200 MW wind order from Ayana Renewable Power, its third devco-led wind order across Madhya Pradesh and Andhra Pradesh. The Limbawas project will install 64 S144 turbines of 3.15 MW each and feed the MPPCL grid. Suzlon said the S144 platform has crossed 10
US ambassador launches TRUST tech fellowship in Bengaluru
The Hindu BusinessLineArchived
US Ambassador Sergio Gor launched the TRUST Fellowship at a National Day reception in Bengaluru on Sunday, marking 250 years of American independence. The public-private programme funds 12-month collaborative research projects for US postdoctoral researchers and early-career facu
Incoming Air India CEO pledges safety-first turnaround
LivemintArchived
Incoming Air India CEO Tewolde Gebremariam told a Monday townhall he will put safety first and get basics like on-time flights and baggage right. Borrowing a US political phrase, he said the airline will Make Air India Great Again. He still awaits regulatory clearances before suc
India crude import basket nears $100
Hindustan TimesArchived
India's average crude oil import price has reached nearly $100 per barrel, its highest in three months, Hindustan Times reported. In New Delhi petrol sold at Rs 102.12 a litre and diesel at Rs 95.20. Mumbai petrol was Rs 111.21 and diesel Rs 97.83. State-run oil marketers, which
NSE gives market orders pre-open priority
The Hindu BusinessLineArchived
The National Stock Exchange on Monday implemented a revised pre-open session that prioritises market orders over limit orders. The session still runs from 9:00 am to 9:15 am. Traders may place market and limit orders from 9:00 am to 9:05 am, then only limit orders until about 9:1
India VIX falls 5.8% to 10.68 ahead of Monday trade
The Economic TimesArchived
India VIX, a measure of market fear, fell 5.8% to settle at 10.68. Foreign portfolio investors net sold Rs 3,112 crore on Friday while domestic institutional investors bought Rs 8,920 crore. Stocks in F&O ban today include SAIL, LIC Housing Finance, Inox Wind and Kaynes. Nifty su
Amara Raja paid Rs 6.76 crore royalty to promoter firm
LivemintArchived
Amara Raja Energy and Mobility paid Rs 6.76 crore in royalty to promoter-controlled Amara Raja Enterprises in the year ended March 2026, filings show. The payment was 0.05% of Rs 13,814 crore revenue and 0.8% of Rs 896 crore net profit. Amara Raja Enterprises holds a 32.9% stake
Edelweiss valued at Rs 12,873 crore as Shah eyes listings
LivemintArchived
Edelweiss Financial Services is listed at about Rs 12,873 crore, chairman Rashesh Shah said. Nuvama Wealth Management, listed in 2023, now has a market cap of Rs 33,448 crore. EAAA India Alternatives has fee-paying assets under management of Rs 48,623 crore and filed a Rs 1,500-c
Textile team courts EU buyers ahead of FTA
The Hindu BusinessLineArchived
A Ministry of Textiles delegation visited France and Italy to meet retailers before the India-EU free trade agreement is expected early next year. In Paris, officials met Monoprix, Okaidi, Chanel and LVMH. Bharat Tex Trade Federation and Première Vision SA signed an MoU on Septem
GST Council meeting shifted to October 7
Business StandardArchived
The 57th GST Council meeting, earlier set for September 12, is now expected on October 7 in New Delhi, sources told Business Standard. The change clashes with the BRICS Leaders' Summit on September 12-13 in the capital. Officer-level preparatory talks are pencilled for October 5
RPG Life Sciences spends Rs 215 crore on APIs
LivemintArchived
RPG Life Sciences spent Rs 215 crore buying 2 API makers in 5 weeks, Mint reported. Its API unit will buy Actis Generics for Rs 80 crore and Raghava Life Sciences' API business for up to Rs 135 crore. InvAscent is putting Rs 243 crore for a 40 percent stake. Up to Rs 700 crore is