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What is the story about?
Good morning!
Oil markets are entering uncharted territory. JPMorgan analysts say they “simply don't know how to model for the end game in Iran”, making it difficult to establish a base-case scenario for crude prices nearly seven months into the war.
Geopolitics remains in focus beyond oil. The US has granted visas to Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi to attend the UN General Assembly in New York next week, despite the ongoing conflict between Washington and Tehran.
Back home, the Tata Sons governance standoff is moving markets, with several Tata group stocks under pressure and Afcons Infrastructure falling after Tata Trusts proposed buying back part of the SP Group’s stake in Tata Sons.
The rupee, meanwhile, has gained 22 paise against the dollar, helped by softer crude prices and expectations of foreign inflows linked to the NSE IPO. Gold and silver are also moving in different directions after the Fed’s latest rate decision.
In technology, Anthropic says Claude now leads 26% of the work involved in building its next AI models. Meanwhile, UPI is set to introduce a differentiated MDR framework for certain merchant transactions from October 15, Kotak has retained its “buy” call on Swiggy, and the iPhone 18 Pro series has drawn queues in major Indian cities.
'We simply don't know': JPMorgan analysts find it difficult to predict where oil prices are headed
For the first time since the start of the Iran war nearly seven months ago, JPMorgan's analysts are finding it difficult to have a base case scenario for oil as they "simply don't know how to model for the end game in Iran."
In a note on Thursday, JPMorgan's analysts led by Natasha Kaneva said that the oil markets "are on the edge".
More Here
US grants visas to Iran's Pezeshkian, Araghchi for UN General Assembly
The US has granted visas to Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi to attend the United Nations General Assembly in New York next week, despite the ongoing conflict between Washington and Tehran. Visa was granted as part of Washington’s obligations as the host country, the State Department said.
More Here
Anthropic says Claude now leads a quarter of work building its next AI models
Anthropic said Claude "leads" 26% of the artificial intelligence research and development work inside the company, part of new measures that it will publish regularly to show outsiders how quickly AI is building the next generation of the technology.
AI also collaborated with humans on more than 90% of the research work happening at the company as of August, the company said.
More Here
Tata group stocks fall on N Chandrasekaran reappointment row; Bombay Burmah rallies on Nifty 500
Bombay Burmah Trading Corporation, CarTrade Tech and HEG were among the stocks that moved the Nifty 500 higher at market open on Friday, September 18, while a governance standoff at Tata Sons dragged down several Tata group stocks along with Afcons Infrastructure and New India Assurance.
More Here
Here's why Afcons Infra shares fell 3% on Friday
Shares of Afcons Infrastructure Ltd. declined over 3% on Friday, September 18, after Tata Trusts tabled the proposal to buy back part of the Shapoorji Pallonji (SP) Group's stake in Tata Sons.
Tata Trusts Chairman Noel N Tata placed a proposal before the Tata Sons board to provide the Shapoorji Pallonji (SP) Group liquidity by buying back part of its stake in Tata Sons for a minimum gross consideration of ₹25,000 crore.
More Here
Gold vs silver: How Fed rate hike, dollar and geopolitical risks affect price
Gold and silver were trading in different directions on Friday (September 18) as markets continued to assess the impact of the US Federal Reserve's 25-basis-point rate hike and its guidance on the future path of interest rates.
COMEX gold was at $4,388.20 an ounce, down 0.26%, while COMEX silver was at $66.215 an ounce, up 0.18%, according to the latest available prices at on September 18.
More Here
UPI MDR: What the new fee means for payment ecosystem revenue
India’s Unified Payments Interface (UPI) is moving to a differentiated pricing framework for certain merchant transactions. From October 15, a 0.4% Merchant Discount Rate (MDR) will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.
More Here
Rupee gains 22 paise against dollar: Key factors supporting the currency
The Indian rupee opened stronger on Friday at ₹95.71 against the US dollar, compared with Thursday’s (September 17's) close of ₹95.93, gaining 22 paise in early trade. The move comes as a retreat in crude oil prices and expectations of foreign portfolio inflows linked to the $2.3-billion National Stock Exchange (NSE) IPO.
More Here
Kotak says 'buy Swiggy' but flags two factors that could keep Instamart sentiments muted
Shares of Swiggy gained on Friday, September 18, as brokerage firm Kotak Institutional Equities maintained its "buy" recommendation on the stock. Kotak Institutional Equities has a price target of ₹360 on Swiggy.
More Here
iPhone 18 Pro, 18 Pro Max sale: Delhi, Mumbai, Bengaluru see queues outside Apple stores
The iPhone 18 Pro and iPhone 18 Pro Max went on sale in India on Friday, September 18, with customers gathering outside Apple stores and authorised outlets in Delhi, Mumbai and Bengaluru before the sale began.
In Delhi, customers gathered outside Apple’s store at Select Citywalk Mall in Saket early in the morning.
More Here
Delhi University Students Union elections: Traffic advisory issued for South Campus; roads to avoid
Traffic congestion is expected around Delhi University's South Campus on Thursday as students head to the campus for the Students’ Union (DUSU) elections.
In a post on X, the Delhi Traffic Police identified two stretches likely to see increased traffic movement: RTR Marg, from Vasant Gaon Red Light to RTR T-Point, and Ring Road, between Moti Bagh and Dhaula Kuan.
More Here
Oil markets are entering uncharted territory. JPMorgan analysts say they “simply don't know how to model for the end game in Iran”, making it difficult to establish a base-case scenario for crude prices nearly seven months into the war.
Geopolitics remains in focus beyond oil. The US has granted visas to Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi to attend the UN General Assembly in New York next week, despite the ongoing conflict between Washington and Tehran.
Back home, the Tata Sons governance standoff is moving markets, with several Tata group stocks under pressure and Afcons Infrastructure falling after Tata Trusts proposed buying back part of the SP Group’s stake in Tata Sons.
The rupee, meanwhile, has gained 22 paise against the dollar, helped by softer crude prices and expectations of foreign inflows linked to the NSE IPO. Gold and silver are also moving in different directions after the Fed’s latest rate decision.
In technology, Anthropic says Claude now leads 26% of the work involved in building its next AI models. Meanwhile, UPI is set to introduce a differentiated MDR framework for certain merchant transactions from October 15, Kotak has retained its “buy” call on Swiggy, and the iPhone 18 Pro series has drawn queues in major Indian cities.
'We simply don't know': JPMorgan analysts find it difficult to predict where oil prices are headed
For the first time since the start of the Iran war nearly seven months ago, JPMorgan's analysts are finding it difficult to have a base case scenario for oil as they "simply don't know how to model for the end game in Iran."
In a note on Thursday, JPMorgan's analysts led by Natasha Kaneva said that the oil markets "are on the edge".
More Here
US grants visas to Iran's Pezeshkian, Araghchi for UN General Assembly
The US has granted visas to Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi to attend the United Nations General Assembly in New York next week, despite the ongoing conflict between Washington and Tehran. Visa was granted as part of Washington’s obligations as the host country, the State Department said.
More Here
Anthropic says Claude now leads a quarter of work building its next AI models
Anthropic said Claude "leads" 26% of the artificial intelligence research and development work inside the company, part of new measures that it will publish regularly to show outsiders how quickly AI is building the next generation of the technology.
AI also collaborated with humans on more than 90% of the research work happening at the company as of August, the company said.
More Here
Tata group stocks fall on N Chandrasekaran reappointment row; Bombay Burmah rallies on Nifty 500
Bombay Burmah Trading Corporation, CarTrade Tech and HEG were among the stocks that moved the Nifty 500 higher at market open on Friday, September 18, while a governance standoff at Tata Sons dragged down several Tata group stocks along with Afcons Infrastructure and New India Assurance.
More Here
Here's why Afcons Infra shares fell 3% on Friday
Shares of Afcons Infrastructure Ltd. declined over 3% on Friday, September 18, after Tata Trusts tabled the proposal to buy back part of the Shapoorji Pallonji (SP) Group's stake in Tata Sons.
Tata Trusts Chairman Noel N Tata placed a proposal before the Tata Sons board to provide the Shapoorji Pallonji (SP) Group liquidity by buying back part of its stake in Tata Sons for a minimum gross consideration of ₹25,000 crore.
More Here
Gold vs silver: How Fed rate hike, dollar and geopolitical risks affect price
Gold and silver were trading in different directions on Friday (September 18) as markets continued to assess the impact of the US Federal Reserve's 25-basis-point rate hike and its guidance on the future path of interest rates.
COMEX gold was at $4,388.20 an ounce, down 0.26%, while COMEX silver was at $66.215 an ounce, up 0.18%, according to the latest available prices at on September 18.
More Here
UPI MDR: What the new fee means for payment ecosystem revenue
India’s Unified Payments Interface (UPI) is moving to a differentiated pricing framework for certain merchant transactions. From October 15, a 0.4% Merchant Discount Rate (MDR) will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.
More Here
Rupee gains 22 paise against dollar: Key factors supporting the currency
The Indian rupee opened stronger on Friday at ₹95.71 against the US dollar, compared with Thursday’s (September 17's) close of ₹95.93, gaining 22 paise in early trade. The move comes as a retreat in crude oil prices and expectations of foreign portfolio inflows linked to the $2.3-billion National Stock Exchange (NSE) IPO.
More Here
Kotak says 'buy Swiggy' but flags two factors that could keep Instamart sentiments muted
Shares of Swiggy gained on Friday, September 18, as brokerage firm Kotak Institutional Equities maintained its "buy" recommendation on the stock. Kotak Institutional Equities has a price target of ₹360 on Swiggy.
More Here
iPhone 18 Pro, 18 Pro Max sale: Delhi, Mumbai, Bengaluru see queues outside Apple stores
The iPhone 18 Pro and iPhone 18 Pro Max went on sale in India on Friday, September 18, with customers gathering outside Apple stores and authorised outlets in Delhi, Mumbai and Bengaluru before the sale began.
In Delhi, customers gathered outside Apple’s store at Select Citywalk Mall in Saket early in the morning.
More Here
Delhi University Students Union elections: Traffic advisory issued for South Campus; roads to avoid
Traffic congestion is expected around Delhi University's South Campus on Thursday as students head to the campus for the Students’ Union (DUSU) elections.
In a post on X, the Delhi Traffic Police identified two stretches likely to see increased traffic movement: RTR Marg, from Vasant Gaon Red Light to RTR T-Point, and Ring Road, between Moti Bagh and Dhaula Kuan.
More Here
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