PM Modi outlines his vision for India on his 75th birthday
On his 75th birthday, Prime Minister Narendra Modi has outlined a comprehensive vision for India's future, aligning with the Bharatiya Janata Party's philosophy of "Sabka Saath, Sabka Vikas" (together with all, development for all).
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Mumbai's monorail services to be suspended from Sept 20
Monorail services in Mumbai will be suspended from September 20 until further notice for a comprehensive system upgrade and integration of new infrastructure, the Mumbai Metropolitan Region Development Authority (MMRDA) announced on Tuesday (September 16).
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Urban Company IPO Listing; Shares to debut soon after over 100x IPO subscription
The IPO has garnered major investor attention, as seen from heightened activity in the unlisted market. The grey market premium (GMP) for the stock surged from ₹10 at the time of the issue launch to ₹50, indicating a strong 50% premium.
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Four PSU Bank to watch out for after DFS Secretary remarks on minimum shareholding
Shares of four public sector undertaking (PSU) banks - Indian Overseas Bank, Punjab and Sind Bank, UCO Bank and Central Bank of India, are in focus on Wednesday, September 17, after M Nagaraju, secretary of the department of financial services (DFS), said that four state-run lenders will be raising capital this year to be compliant with the Securities and Exchange Board of India's (SEBI) minimum public shareholding (MPS) norm.
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Bitcoin and gold gain from weaker dollar, but for different reasons
A softer US dollar has been good news for both Bitcoin and gold, but the two assets are rising for very different reasons. Nik Bhatia, Founder of The Bitcoin Layer, explained that while both are often grouped together as “dollar hedges,” they don’t behave alike. “Bitcoin behaves more similarly to the S&P 500 than it does to gold,” he said.
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Donald Trump dials PM Modi, extends wishes on his 75th birthday
Prime Minister Narendra Modi expressed his gratitude to US President Donald Trump for calling and wishing him on his 75th birthday, which falls on September 17. In a post on X, PM Modi stressed the mutual commitment of both leaders to take the US-India partnership to greater heights.
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Chinese biotech company with 'zero' revenue surges 4,500% since stock market debut
In more signs of emerging froth in the Chinese equity markets, a biotechnology company has surged 4,500% in the three months since making its stock market debut. The only concern? It has no products, no revenue or financials to justify such a move.
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Suspect in Charlie Kirk killing charged with aggravated murder, weapon, obstruction offences
Tyler Robinson, the man accused of assassinating conservative activist Charlie Kirk at a Utah university, was charged on Tuesday with aggravated murder. The charge means Robinson could face the death penalty if convicted of killing Kirk last week at Utah Valley University in Orem, about 64 km south of Salt Lake City.
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Bankers warn of deposit shifts, fraud surge despite ample liquidity
India's top bankers say liquidity is comfortable, but rising fraud risks and shifting deposit patterns could reshape the financial system. Household deposits have slipped from 64% to 60% in three years, replaced by institutional money. Some worry this could create volatility, but PNB MD Ashok Chandra disagreed, "We are not restricting ourselves to retail.
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Angel One, LivWell form JV to enter India’s life insurance market
Angel One Ltd (AOL) on Tuesday (September 16) announced the incorporation of a new associate company, Angel One LivWell Life Insurance Ltd, in partnership with Singapore-based LivWell Holding Company Pte. Ltd. According to the company’s regulatory filing, Angel One will hold a 26% stake in the proposed entity, while LivWell will retain the majority share.
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Nestlé Chairman Bulcke to step down, Pablo Isla to takeover
Nestlé S.A. announced on Tuesday (September 16) that its chairman, Paul Bulcke, will be stepping down and Pablo Isla will take over as Chairman of the Board effective October 1. Bulcke, the company said, has decided to step down "earlier than scheduled".The company added that this accelerates the planned transition.
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