Business

PNGRB and EESL have signed an MoU to introduce smart PNG meters in the City Gas Distribution sector, aiming to enhance efficiency, transparency and safety. The initiative promises advanced features such as digital monitoring, leak detection and cybersecurity safeguards, marking a major step towards a consumer-centric and technology-enabled gas ecosystem.

India’s e-commerce and quick commerce platforms expect healthy festive-season growth, driven by premium purchases, value-conscious spending and expanding non-metro demand. Quick commerce is moving beyond groceries, while AI, earlier shopping cycles and seasonal hiring are reshaping India’s festive retail landscape

Indian equities are likely to remain volatile next week as rising crude oil prices, global bond yields, stronger-than-expected US jobs data and foreign investor flows influence sentiment. Renewed US-Iran tensions and uncertainty over the Strait of Hormuz are also key concerns.

The dollar’s global dominance gives the US extraordinary monetary power, leaving nations exposed to decisions they neither influence nor control

Did Narendra Modi make India perform better than it would otherwise have? A new study reconstructs the India that might have been and draws a stark conclusion: his era represents a “tale of broken promises”

The RBI has approved LIC to acquire up to 9.99 per cent of ICICI Bank’s paid-up share capital or voting rights within one year. The approval is subject to regulatory conditions and does not mean LIC has immediately raised its stake

More than 500 institutional investors, pension funds and family offices managing over USD 1 trillion will participate in the inaugural BRICS Summit 2026. Held alongside the BRICS Summit, the event will focus on infrastructure, energy, digital projects and financial interoperability

Indian equities remained under pressure through the week, with the Nifty extending its losing streak to four weeks as surging crude oil prices and U.S.-Iran hostilities weighed on sentiment. Strong GDP growth and GST collections failed to offset geopolitical concerns.

ECLGS 5.0 has issued 6,73,979 guarantees covering Rs 2,50,024 crore, with MSMEs accounting for 97.3 per cent by number. The government is expanding outreach to eligible borrowers as the scheme targets additional credit flow of up to Rs 2.55 lakh crore

Tata Sons has narrowed its search for N Chandrasekaran's successor to Tata Steel's T V Narendran, Tata Sons' Saurabh Agrawal and NSE chief Ashish Chauhan, according to people familiar with the matter. Narendran is seen as the leading internal contender

ICICI Bank, HSBC and RBL Bank emerged among the key beneficiaries of India’s latest FCNR(B) deposit drive, with aggressive pricing and overseas balance sheets helping banks capture significant inflows, according to brokerage reports from Macquarie, Jefferies and MOSL

The RBI will conduct a 30-day variable-rate reverse repo auction for Rs 7 lakh crore as surplus liquidity in India's banking system reaches record levels. The move follows strong foreign-currency inflows and aims to contain excess cash without disrupting financial markets

E-way bill generation rose 7.7 per cent year-on-year to 139.08 million in August, the third-highest monthly level on record. Despite a marginal monthly decline, elevated volumes indicate continued goods movement, formalisation and resilience in domestic economic activity and consumption

Real wages, per capita income, jobs, private investment, and consumption may offer a better measure of broad-based growth

The Reserve Bank of India (RBI) will conduct a 30-day Variable Rate Reverse Repo (VRRR) auction worth Rs 7 lakh crore on September 7, 2026, to absorb excess liquidity in the banking system, which currently stands at over Rs 10.32 lakh crore. Participants will have the option of premature reversal through the E-Kuber portal, while the RBI continues to step up liquidity absorption.

Reliance Jio has expanded its subscriber base in the Telangana–Andhra Pradesh telecom circle to 325.8 lakh in a decade since its 2016 launch, clocking a 39.9 percent CAGR. The operator transformed the market from data scarcity to digital abundance, slashing data costs by 97 percent.

Commerce Minister Piyush Goyal urged India and Belgium to collaborate on lab-grown diamonds, focusing on technology and certification. He also highlighted cooperation in semiconductors, green hydrogen, ports, defence and advanced manufacturing while discussing the India-EU FTA and global trade

The rupee rose 2 paise to close at 94.49 against the US dollar on Friday, extending gains for a sixth straight session. Foreign inflows and improved risk appetite supported the currency, while crude prices and US-Iran tensions capped gains

At HDFC Bank, the succession process assumes greater significance after managing director and chief executive Sashidhar Jagdishan opted out of the reappointment process last month

World Bank Executive Director Neelkanth Mishra said India need not worry about repaying FCNR(B) deposits at maturity, as they can be rolled over if global financing conditions remain tight. He described the deposits as relatively cheap capital and called India’s external debt position healthy

APSEZ has launched a dedicated Empty Container Yard with integrated warehousing at Mundra, offering storage, maintenance, inspection and movement services. The facility aims to improve container turnaround, reduce unnecessary movements and optimise logistics costs for exporters

India’s growing data-centre investments are projected to contribute 0.13 per cent to GDP by 2030, Moody’s Ratings said. The sector’s broader economic impact will depend on supplier localisation, cloud adoption, digital-services exports and ecosystem development

Nine US lawmakers held talks with an Indian American advocacy group on strengthening Washington-New Delhi ties, discussing trade, defence, China, the Quad and Indo-Pacific security. The meetings also covered supply-chain resilience, maritime security, space cooperation and diaspora engagement

The rupee gained 5 paise to 94.46 against the US dollar in early trade on Friday, supported by foreign inflows and risk appetite. Strong RBI intervention aided gains, while higher crude prices and US-Iran tensions limited further appreciation.