Business

RBI rules require upper-layer NBFCs with assets above Rs 1 lakh crore, or with direct or indirect access to public funds, to list MUMBAI: Even as Tata Sons board members remained divided on the reappointment of N Chandrasekaran as chairman, they were unanimous on the need to form a committee to examine options for complying … Read more

Net direct tax collections up 23% NEW DELHI: Direct tax collections grew 15.2% to Rs 14.3 lakh crore in the current financial year up to Sept 17, driven by a faster growth in the corporation tax mop-up.Latest data released by the income tax authorities pointed to a mild pick-up in advance tax payments, whose second … Read more

Noel voted against Chandrasekaran’s reappointment MUMBAI: The largest shareholder in Tata Sons, Sir Dorabji Tata Trust (SDTT), is weighing legal options including a possible plea before the Mumbai bench of the National Company Law Tribunal, to challenge N Chandrasekaran’s reappointment as chairman for five years, according to people familiar with the matter.The development follows Tata … Read more

The extension keeps the restriction in place until September 21, 2027, with limited exceptions for cases deemed to be in the US national interest. US President Donald Trump has extended restrictions on the H-1B nonimmigrant visa programme for another 12 months, keeping in place a $100,000 payment requirement for certain H-1B workers seeking to enter … Read more

ACME is developing green ammonia and green methanol facilities in India and Oman NEW DELHI: Global investment firm Brookfield will invest up to $600 million in ACME Cleantech Ventures to support development and construction of green molecule projects in India and West Asia, the companies said Thursday. ACME Cleantech Ventures is a UK-based privately held … Read more

The law now allows Trump to put up to 100% tariffs on Russian oil buyers US President Donald Trump has signed into law a sweeping sanctions package targeting Russia and Iran, giving his administration expanded powers to penalise countries that continue buying Russian oil and gas, including India.The “Lindsey O. Graham Sanctioning Russia and Iran … Read more

The part reserved for employees was almost fully subscribed MUMBAI: The Rs 22,562 crore IPO for NSE, the largest stock exchange in India in terms of turnover and profits, received bids for nearly 3.8 crore shares against about 8.9 crore shares on offer in the post-anchor bidding process. This translates to an overall subscription of … Read more

Bulk consumers must declare their sugar stocks on the food department’s portal every Friday NEW DELHI: Ahead of the festive season, Centre Friday relaxed the stockholding limit for bulk sugar consumers, allowing them to hold sugar for up to 30 days instead of the existing 15 days, as retail prices have eased by nearly 10% … Read more

The IPO is an offer for sale (OFS) of 12.64 crore shares, which means that NSE will not receive any money raised through the issue. NSE IPO Day 2: National Stock Exchange of India IPO, India’s second largest till date, enters its second day of subscription with a grey market premium (GMP) of around 8%, … Read more

Rupee rises 16 paise (file photo) NEW DELHI: The rupee recovered from over two-month lows, rising 16 paise to 95.73 against the US dollar in early trade on Friday, helped by gains in domestic equities and easing crude oil prices in overseas markets.Forex analysts said the decline in crude prices below the $104-per-barrel mark, after … Read more

Saudi Aramco to halt crude supplies to European refiners next month Saudi Aramco has informed at least two European refining customers that they will receive no crude oil next month following an attack on a key Saudi pipeline to the Red Sea, Bloomberg News reported on Friday.European customers typically receive Saudi crude under term contracts … Read more

Both the non-institutional investor and qualified institutional buyer categories were fully subscribed on the second day. NSE IPO subscription status: National Stock Exchange of India (NSE)’s initial public offering was fully subscribed on Friday, the second day of bidding, with non-institutional investors and qualified institutional buyers driving demand.The Rs 22,569-crore IPO has become India’s second-largest … Read more

An error was made while his ITR was being prepared, resulting in Rs 9.6 lakh being incorrectly added. (Image for representative purpose only) When filing your Income Tax Return it is always prudent to be doubly sure. One mistake in entry led to a taxpayer receiving an income tax notice. The taxpayer erroneously added Rs … Read more

We judge a cost by how loudly it arrives, not by what it takes. From 15 October, UPI will no longer be free for merchants. It stays free for you. That is the whole news, and if that is all you wanted, you can stop reading here.But the messages have started. Will my SIP cost … Read more

The National Stock Exchange of India’s Rs 22,569-crore initial public offering (IPO) was fully subscribed on the second day of bidding on Friday, driven by strong demand from institutional investors.The IPO received bids for about 8.83 crore shares against 8.86 crore shares on offer by 2:44 pm, according to exchange data cited by Reuters.The issue … Read more

The rupee is stuck around the 95.7-96/dollar range. Why the mismatch with the record forex reserves data? India’s foreign exchange reserves are climbing to new record highs, thanks to the RBI’s FCNR(B) deposits scheme that has resulted in bumper inflows. Forex reserves are an important buffer that can help the central bank control any rapid … Read more

Indian Railways is considering extending the run of its only hydrogen-powered train to Delhi. India’s first hydrogen train launched two months ago established Indian Railways’ technological prowess in running the world’s longest and highest-powered hydrogen train.However, even though the train has worked well as a technology demonstrator so far, its occupancy has been lower than … Read more

The matter was decided ex-parte after neither the agent nor the builder appeared. (Image for representative purpose only) A Hyderabad woman booked a 3,600-sq-ft villa for Rs 2.14 crore after being promised delivery within six months. She paid Rs 79 lakh upfront for it but the project has remained under construction till now.She approached Telangana … Read more

The government is considering stricter regulations for digital gold. Have you bought digital gold or are planning to? The Securities and Exchange Board of India had cautioned investors about digital gold in 2025. In a circular, Sebi said these products were distinct from gold products regulated by it because they were neither notified as securities … Read more

The MACD is firmly in positive territory, with the MACD line trading above the signal line. Gold price prediction today: Gold’s intraday outlook from a technical standpoint is positive, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Below is what he has to say:MCX Gold October futures are showing a strong … Read more

“This landmark decision should not be viewed as a victory of one stakeholder over another,” Mistry said in a statement. Amid the Tata Sons listing buzz and power struggle in the Tata group, the Shapoorji Pallonji Group Chairman Shapoor Mistry has welcomed the Reserve Bank of India’s decision to require Tata Sons to comply with … Read more

Oil stays above $100 despite 1% drop as Saudi alternate routes ease supply fears (AI-generated image) Oil prices fell about 1% for a third straight session on Friday, but remained above $100 a barrel, as hopes of alternative routes for Middle Eastern crude reaching global markets outweighed concerns over fresh strikes between Saudi Arabia and … Read more

Expectations for Friday’s trading session point to a flat to mildly positive opening for domestic equity benchmarks, with early signals from GIFT Nifty near 23,330–23,345 suggesting a muted or soft green start relative to Thursday’s close of 23,270.60. Wall Street momentum offers solid risk-on support, with the Nasdaq surging over 1.6 per cent and the … Read more

Top stocks to buy today on September 18, 2026 Stock market recommendations: Apar Industries, BEML, and Aegis Vopak Terminals – these are the top stocks to buy that have been picked by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One for September 18, 2026. Below are the target prices and rationale:Buy Apar Industries … Read more

Minority shareholders in the company’s various businesses will be watching as an IPO could affect Tata’s ability to shift capital between its cash-rich established businesses and newer, less profitable ventures. MUMBAI: With the possibility of Tata Sons’ listing gaining traction, stocks of several Tata companies that hold shares of the group’s holding company rallied on … Read more