Business

The United States has revoked and denied visas to certain Indian business executives and corporate leaders over alleged involvement in trafficking fentanyl precursors. While the identities remain undisclosed, the US embassy stated that firms linked to fentanyl precursor trade will face heightened scrutiny.

In a fragmented global order, plurilateralism offers agility and strategic alignment

SEBI has exonerated the Adani Group and its associated entities from all allegations raised in the Hindenburg Research report, stating that the claims were not substantiated. The regulator found no violations of related party transaction norms or LODR rules, and clarified that retrospective application of amended definitions was legally untenable. The proceedings were closed without penalty or directions.

Maruti Suzuki has slashed prices across its entire model range by up to Rs 1,29,600 from September 22, passing on GST rate cuts. Entry-level cars received deeper reductions, encouraging two-wheeler users to upgrade while boosting passenger vehicle sales

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) acquired a 20 per cent stake in Yes Bank from SBI and other investors, becoming the largest shareholder. The deal strengthens governance, Japan–India trade flows, and corporate banking growth, with Yes Bank receiving upgraded AA- ratings.

The Finance Ministry has urged central government employees to opt for the Unified Pension Scheme (UPS) before September 30, 2025. The Ministry highlighted benefits, tax incentives, and a one-time UPS-to-NPS switch facility for timely processing of requests

Chief Economic Adviser V Anantha Nageswaran said urban demand may be stronger than reflected in official data, citing UPI growth and SME spending. He projected FY26 growth at 6.3–6.8 per cent and emphasised the need for innovation to sustain exports

The GST 2.0 rationalisation has reduced rates across textiles and logistics, easing structural anomalies, cutting costs, and boosting demand. The reforms will make garments more affordable, lower freight costs, strengthen SMEs, and enhance India’s export competitiveness, particularly in textile

Online gaming firm Gameskraft has laid off 120 employees after India passed the Online Gaming Act, 2025, banning real-money gaming. The company cited regulatory pressures for halting operations, while FY25 profits also fell due to a ₹231 crore accounting adjustment

Chief Economic Advisor V Anantha Nageswaran said India and the US are likely to resolve their tariff stalemate within 8–10 weeks. Talks are underway to cut reciprocal duties, while both sides intensify efforts toward a mutually beneficial trade agreement

The rupee weakened 16 paise to 88.01 against the US dollar on Thursday, tracking a stronger greenback and Fed rate outlook. While equities rallied, traders await India-US trade talks, as Commerce Minister Piyush Goyal projected 6% export growth this year.

Sensex and Nifty opened higher on Thursday, led by IT stocks, after the US Federal Reserve cut rates by 25 basis points. Market sentiment improved on expectations of further rate cuts, earnings revival, and positive India-US trade negotiations.

Says AAIB findings tarnished his son's image; Sabharwal was one of the pilots of the ill-fated Dreamliner that crashed near Ahmedabad

Hyundai Motor India has signed a 3-year wage settlement with the United Union of Hyundai Employees, offering a Rs 31,000 monthly salary hike to technicians. Effective April 1, 2024, the structured hike also retains existing employee welfare schemes and benefits nearly 2,000 workers

Finance Minister Nirmala Sitharaman said Next Gen GST reforms have injected ₹2 lakh crore into the economy by reducing tax slabs and rates. GST revenues rose to ₹22.08 lakh crore in 2025, with taxpayers increasing from 65 lakh to 1.51 crore.

Sensex and Nifty advanced in early trade on Wednesday, lifted by positive India-US trade talks and strong buying in tech stocks. Investors await the US Fed’s rate decision, while FIIs turned buyers and Brent crude prices eased.

The rupee gained 28 paise to 87.81 against the US dollar on Fed rate cut hopes and dollar weakness. Traders remain cautious ahead of the FOMC outcome as equities rallied and India-US trade talks showed progress.

POCO India has announced major festive discounts on a range of its smartphones, including flagship models, as part of Flipkart’s Big Billion Days Sale 2025. Highlights include up to 34% off on devices like the POCO X7 5G and M7 Pro 5G, along with additional bank offers and exchange benefits.

Apple's iPhone 17 Pro Max in cosmic orange sold out within three days of pre-orders in the US and India. High demand, limited availability, and production constraints—especially due to China—have created supply challenges despite increased output from Apple’s India facilities

India-US trade talks resumed in New York as officials, led by Brendan Lynch and Rajesh Agrawal, discussed pending trade issues. Optimism follows supportive statements by PM Modi and President Trump, signaling renewed momentum in bilateral trade negotiations amid improving relations

The Centre has told insurers to pass on GST exemption benefits on life and health policies to policyholders. The move will lower premiums, boost penetration, and improve affordability, though insurers’ margins may face pressure, according to ICRA.

The true performance of central banks lies in stability, credibility, and independence — not profits or losses

L&T Semiconductor Technologies, C-DAC and IIT Gandhinagar have partnered to develop a fully indigenous secure chip for electronic passports. The alliance aims to boost India’s digital sovereignty, reduce reliance on foreign providers, and build a domestic secure semiconductor ecosystem

Sensex and Nifty opened higher on Monday but soon turned volatile, trading flat amid profit-taking after last week’s sharp rally. Investors await the US Fed’s policy outcome this week, while Brent crude rose to USD 67.39 a barrel.