Business

  The Rs 22,569-crore NSE IPO opened for subscription on Thursday and was 9 per cent subscribed within the first day. The issue, priced at Rs 1,700-1,785 per share, closes September 21, with listing expected on September 24 

The government has cut export duties on petrol, diesel and aviation turbine fuel as part of its fortnightly review. Petrol duty was lowered to Rs 0.5 per litre, diesel to Rs 20 and ATF to Rs 15

A US House-passed bill could allow President Donald Trump to impose tariffs of up to 100 per cent on India over Russian oil purchases, GTRI said. It warned such measures could threaten Indian exports, energy security and trade relations with Washington 

The achievement of the latest summit is not that it resolved the world’s conflicts; it is that it prevented those conflicts from destroying BRICS’ ability to talk to one another

UPI payments to merchants above Rs 2,000 will attract a 0.4 per cent MDR from October 15, with 18 per cent GST on the fee. Tax experts said eligible GST-registered merchants can claim input tax credit, reducing the overall burden

The DGFT has approved applications from seven companies to import 642 cars from Britain under the India-UK free trade agreement's tariff rate quota. The move follows applications for 2026 quotas covering about 5,000 fully built vehicles

Wholesale onion prices have declined 9 per cent over nine days, Consumer Affairs Secretary Nidhi Khare said. The Centre expects retail rates to moderate while releasing buffer stocks and selling onions at Rs 35 per kg through various outlets

Zerodha CEO Nithin Kamath backed the introduction of MDR on P2M UPI payments, saying it could increase competition in the ecosystem. However, he flagged concerns for brokers, who could incur charges on repeated client fund transfers without generating corresponding revenue.

Gold and silver prices rose on Wednesday amid softer crude oil prices and lower US bond yields, with investors awaiting the Federal Reserve’s policy decision. Gold futures gained 0.52 per cent, while silver futures climbed as much as 1.66 per cent.

Sensex and Nifty rebounded in early trade on Wednesday on value buying after a sharp fall in the previous session. Gains remained limited by elevated oil prices, foreign fund outflows and caution ahead of the US Federal Reserve’s policy decision.

The rupee declined 7 paise to 95.95 against the US dollar on Wednesday, extending its losing streak to seven sessions. Dollar strength and foreign fund outflows weighed on the currency, while positive domestic equities helped limit the decline

The RBI has rejected Tata Sons' application to surrender its NBFC registration and filed a caveat in the Bombay High Court. The move could compel the Tata group holding company to list, amid shareholder differences and continuing leadership challenges

Retail inflation rose to 4.82 per cent in August, driven by higher food prices, particularly onions and garlic. Food inflation climbed to 5.95 per cent, while wholesale inflation also increased to 9.92 per cent during the month

All-India average retail sugar prices remained below Rs. 60 per kg for the fourth consecutive day on Monday, despite festive demand. Government measures, including allowing imports and tightening stockholding norms, have helped contain prices, while regional variations persisted

Indian stock markets will remain closed on September 14 for Ganesh Chaturthi, with NSE and BSE observing a full trading holiday. MCX will resume evening trading at 5 pm. The closure follows a week of losses in Indian equities.

The crux of the warning from a growing number of AI researchers is that the software could spin out of human control if left unchecked and unregulated

The EU will allow 2.5 lakh Indian-made passenger vehicles annually at an 8 per cent concessional duty under the India-EU free trade agreement. The quota will rise to 4 lakh by the 10th year, with duties gradually reduced

Hyderabad has around 515 Global Capability Centres employing over 3 lakh people, with another 50-70 expected within a year, according to a FICCI-Anarock report. The city is emerging as a major GCC hub, supported by talent availability and cost advantages

There is no universal inhibitor in global politics. Power must be restrained by both countervailing strength and political judgement

The Reserve Bank of India has rejected Tata Sons’ application to surrender its core investment company registration, effectively forcing the Tata Group’s holding company to comply with mandatory listing requirements.

The Ministry of External Affairs clarified that there is no proposal for a common BRICS currency at present, though discussions on trade in local currencies continue. MEA official Sudhakar Dalela highlighted that local currency settlements can reduce transaction costs and complement global payment systems.

Bank of Baroda has launched bob World 2.0, an AI-powered mobile banking application featuring voice-enabled payments, personal financial management, hyper-personalisation and enhanced security. The app forms the foundation for an omnichannel digital banking ecosystem across mobile and internet platforms

Zomato has begun charging customers Rs 5 to Rs 20 for choosing cash on delivery, adding a new payment-related fee amid intensifying competition. The charge is separate from platform and packaging fees, while online payments remain exempt

Indian equity benchmarks ended lower for the fifth straight week, with the Nifty falling 2.09 per cent and Sensex 2.27 per cent. Surging crude oil prices, global interest-rate concerns, foreign selling and geopolitical risks weighed on market sentiment during the week