Business
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businessIndegene's shares rose by 1.60% to Rs 607.95 on the NSE after Axis Securities initiated coverage, indicating potential upside. The brokerage's analysis has bolstered investor confidence in the company's market prospects.
businessWith Diwali arriving later this year, paint dealers are delaying inventory build-up to October. Birla Opus and JSW Dulux are capitalizing on this by strengthening painter loyalty through strategic initiatives, despite pricing challenges.
businessIndian weightlifter Mirabai Chanu clinched a silver medal in the women's 49kg category at the Asian Games 2026, adding to her impressive list of international achievements. Her performance underscores India's growing strength in weightlifting.
businessIndia and Japan will compete in a five-over-a-side T20I match due to delays. The toss is at 12:00 PM IST, with play starting at 12:30 PM IST. Fans can watch live on various platforms.
businessThe Red Sea Film Festival, scheduled for December 2026 in Jeddah, has been postponed due to escalating Houthi attacks in Saudi Arabia. The decision prioritizes the safety of participants amid rising security concerns.
businessEmbassy Developments has finalized a Rs 711 crore deal with Angel One's founder for a residential tower in Juhu, marking India's largest single residential unit transaction. The project, part of a five-tower development, is set for completion by December 2031.
businessSenior citizens in Pune have lost nearly Rs 100 crore in 136 digital scam cases over 19 months. These scams often involve fraudsters posing as law enforcement officials. Efforts are underway to educate the elderly on digital safety.
businessA cockroach disrupted a dinner at JW Marriott Mumbai, leading Dr. Ashok Seth to call for improved hygiene standards. The incident has sparked public concern and awaits a response from the hotel.
businessThe 'Resident Evil' film, starring Austin Abrams, saw a significant boost in box office earnings on its second day in India, following a promising Rs 1.29 crore advance gross on Day 1. The weekend audience contributed to its strong performance.
businessBajaj Holdings & Investment has declared an interim dividend of Rs 65 per share, with September 21 as the ex-date and record date. This move highlights the company's commitment to shareholder value and reflects its strong financial performance.
businessWarren Buffett steps down as chairman of Berkshire Hathaway, with his son Howard Buffett succeeding him. Greg Abel will continue as CEO, ensuring a smooth transition while upholding the company's culture and values.
businessTraders in Ghaziabad are protesting against new MDR charges on UPI transactions by shifting to cash-only payments from October 15. They argue the charges increase operational costs and affect profit margins.
businessAlibaba's DAMO Academy has open-sourced Damo Radar, a medical AI model that detects 146 conditions across 18 abdominal organs via CT scans. Tested on 40,000 scans, it reduced missed diagnoses by 10% and diagnostic time by 30%.
businessVeegaland Developers' shares debuted on the NSE at a 10% premium over the IPO price, reflecting strong investor interest. The IPO was oversubscribed, raising Rs 150 crore. The company plans to use the funds for project expansion.
businessJuniper Hotels plans to acquire Novotel Imagicaa in Maharashtra for Rs 248 crore, enhancing its presence in the Mumbai–Pune corridor. The acquisition aligns with Juniper's strategy to expand its portfolio of high-quality hotels.
businessBrokerages are closely monitoring stocks like SBI, UltraTech Cement, Emami, and Lenskart as trading begins today. These companies are in focus due to recent developments and potential market movements.
businessInvestors are evaluating their positions in stocks like Paytm, MobiKwik, and L&T. Analysts provide guidance on whether to buy, sell, or hold these stocks amid shifting market dynamics.
businessHEG Ltd's shares dropped 5% intraday, marking a 67% decline since its demerger. The stock is trading at a price-to-earnings multiple of 12.76 times, with a market cap of Rs 4,348.7 crore. Investors are concerned about the company's growth prospects post-demerger.
businessNepal faces a $5 billion reconstruction bill after flash floods caused by El Nino. The disaster highlights the urgent need for climate resilience and international aid to support recovery efforts.
businessSolar Industries is set to acquire South Africa's Omnia Holdings for Rs 12,951 crore in an all-cash deal. The acquisition aims to enhance Solar's global presence in explosives and blasting solutions, with completion expected by early to mid-2027.
businessSamsung Electronics and SK Hynix have rejected KEPCO's proposal for a $18.7 billion upfront payment for electricity, citing uncertainties in semiconductor demand. This decision highlights the financial challenges in South Korea's semiconductor expansion plans.
businessBangladesh is seeking to reset its diplomatic and economic relationship with India, aiming for a new bilateral framework. This move comes amid ongoing diplomatic engagements, highlighting a desire for strengthened ties.
businessOpenAI CEO Sam Altman supports a federal AI safety framework to ensure consistent safety standards as AI capabilities rapidly advance. He emphasizes that regulating AI progress should not halt innovation but ensure safe development.
businessPrime Minister Narendra Modi emphasized the need for BRICS nations to unite in addressing the challenges of the Global South. He proposed initiatives like an early warning system and a BRICS incubator network to foster economic resilience and innovation.