Economy
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PNGRB and EESL signed a Memorandum of Understanding to deploy Smart Domestic
On September 6, 2026, PNGRB and EESL signed a Memorandum of Understanding to deploy Smart Domestic Piped Natural Gas Meters in India's City Gas Distribution sector. This initiative aims to enhance efficiency, transparency, safety, and security with features like digital monitoring, tamper alerts, leak detection, remote operations, and cyber-security safeguards for millions of consumers.
Bus operators threaten indefinite strike over KSRTC’s Priyadarshini scheme
On Sunday, private bus operators in Keralam threatened an indefinite strike over the financial impact of the KSRTC’s Priyadarshini scheme, which offers free travel for women. An expert committee recommended extending private buses' operational life to 25 years but failed to address key demands like a zero-ticketing system for women and diesel subsidies. The All Kerala Bus Operators Association (AKBOA) will decide on halting services at a September 8 meeting in Palakkad.
Modi accused of turning SRCC event into campaign, avoiding youth issues
On September 6, 2026, Mallikarjun Kharge, Congress president, accused Narendra Modi of turning his SRCC interaction into a political campaign rather than addressing youth concerns. Kharge criticized Modi for avoiding questions and using labels like “Naraaz Phupha” to divert attention from government failures. He highlighted issues such as unemployment and rising education costs, urging Modi to address these instead of presenting a "report card."
Market participants expect the RBI to deploy additional tools like sell-buy dollar
Market participants expect the RBI to deploy additional tools like sell-buy dollar swaps, bond sales through open market operations (OMOs), and Variable Rate Repo Reversal (VRRRs) to manage excess liquidity of about ₹5 lakh crore due to FCNR inflows exceeding initial estimates. Emkay Global economist Madhavi Arora expects the RBI to use a blend of tools to avoid making government borrowing more expensive. The RBI will conduct a VRRR auction on Monday, with options for premature withdrawal to manage liquidity fluctuations. Bankers anticipate more such auctions and reverse repo operations depending on initial outcomes.
AIFs appeal to SEBI, RBI over draft July guidelines on foreign contributions
At a meeting about two weeks ago, alternative investment funds (AIFs) appealed to senior officials from SEBI, RBI, and the ministry of finance over draft July guidelines that could classify AIFs with majority foreign contributions as foreign entities, subjecting them to FDI restrictions. The industry argued this would hinder capital inflows and proposed a carve-out for Indian-managed funds. Regulatory officials did not respond directly to these concerns.
General Insurance Corporation of India, New India Assurance, National Insurance, United India
General Insurance Corporation of India, New India Assurance, National Insurance, United India, and Oriental Insurance will sell shares in the NSE IPO for ₹6.8 crore, reducing their combined stake from 6.7% to 5.1%. This move is expected to boost second quarter profits and improve solvency ratios by up to 100 basis points. LIC, with 10.72%, retains its shares.
Indian stock market expected to remain weak below 24,000 zone
The Indian stock market is expected to remain weak, trading below the 50-EMA on the hourly chart and below the 24,000–24,200 zone. Support levels are at 23,830 and 23,700. The India VIX fell 5.8% to 10.68. Foreign portfolio investors net sold Rs 3,112 crore while domestic institutional investors bought Rs 8,920 crore. The rupee ended unchanged but showed its best weekly performance in five weeks due to strong dollar inflows into central bank schemes.
The Indian primary market is set for a busy week starting September
The Indian primary market is set for a busy week starting September 7, with 16 companies planning IPOs to raise over ₹7,190 crore, including 12 mainboard and four SME offerings. This follows August's strong performance where 23 mainboard issues raised around ₹22,456 crore. The robust momentum continues into September, with 14 mainboard IPOs raising about ₹7,640 crore by mid-month.
ISRO Clarifies: No Privatization, Focus on R&D and Strategic Missions
On Sunday, the Indian Space Research Organisation (ISRO) clarified that it would not be privatized and its importance would remain unchanged. This came after employee associations wrote to ISRO Chairperson V Narayanan on September 4, seeking clarification regarding media reports about transferring manufacturing and operational functions to private entities. ISRO stated it will focus on advanced R&D and strategic missions while the private sector scales mature technologies. Pawan Goenka, chair of IN-SPACe, supported these reforms as necessary for expanding India's space ecosystem and achieving ambitious goals like 50 launches a year by 2030.
Raj Thackeray Warns MNS Members to Avoid Religious Conflicts in Thane
On September 6, Raj Thackeray, chief of Maharashtra Navnirman Sena (MNS), warned his party members in Thane to avoid religious conflicts that could distract from economic issues. He cited concerns over potential riots during the Ganesh festival and questioned recent government advisories despite a 7.8% GDP growth. Citing a report, he claimed 503 companies had shut down operations between 2021 and 2026. Thackeray also criticized restrictions on displaying Prime Minister Modi's picture alongside other leaders' images in government spaces. His son Amit faced charges for removing PM Modi’s photograph at Government Polytechnic Pune.
$650,000 beach keys fuel Martha's Vineyard exclusivity feud
On Martha's Vineyard, beach keys costing up to $650,000 grant owners access to private beaches, driving demand and prices despite no land or building rights. Retired architect Tyler Smith sold his 46-acre property for $16 million but kept a beach key worth $450,000-$475,000. This exclusivity irks locals who cannot afford such keys, leading to resentment among both residents and some keyholders themselves.
Nepal Floods Claim 1,344 Lives, Leave 5,000 Missing After Ice-Rock Avalanche
Nepal faced devastating floods triggered by an ice-rock avalanche on August 26, leading to a death toll of 1,344 and nearly 5,000 missing people, including 589 foreign nationals. The disaster damaged homes, infrastructure, and hydropower projects in northern and central Nepal. Nepal Police struggled with identifying the dead due to severe damage and decomposition, collecting DNA samples from relatives for future identification. Authorities worked on relief efforts and rebuilding resilient infrastructure, while urging international support and climate justice awareness.
Leslies sell Sonoma Mountain estate for $38.5 million, setting new California record
The Leslies, who bought the 1,100-acre Sonoma Mountain estate in 2014 for $12 million, sold it on August 21 for $38.5 million, setting a new California record. They spent an additional $33 million transforming it into a self-sufficient compound with modern homes and extensive ecological restoration. The property includes agricultural facilities and natural habitats, offering unmatched privacy near San Francisco.
India to Spend $18 Billion on Unconditional Cash Transfer Schemes in 2025-26
Since 2020, Unconditional Cash Transfer (UCT) schemes in India have aimed to attract women voters and advance SDG 5.4 by recognizing unpaid domestic work. Examples include the Kalaignar Magalir Urimai Thittam, Lakhsmir Bhandar, and Gruha Lakshmi Yojana. Despite increasing cash amounts before the 2026 elections, some governments implementing these schemes were defeated. States are projected to spend about $18 billion on UCTs in 2025-26.
Delhi Excise Department Auctions Over 2,000 Seized Vehicles, Generates Over Rs 5 Crore
The Delhi Excise Department auctioned over 2,000 seized vehicles under the Delhi Excise Act, generating over Rs 5 crore and freeing up space at police stations. The department also cleared a backlog of more than 5,000 chemical analysis cases related to liquor seizures, reducing report times from years to days. Chief Minister Rekha Gupta emphasized prioritizing pending work for transparency and accountability.
On Saturday, US Central Command (CENTCOM) hit three Iranian crude oil tankers
On Saturday, US Central Command (CENTCOM) hit three Iranian crude oil tankers near Kharg Island and in the Gulf of Oman; two were permanently disabled, one sank. In response, on Sunday, Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it struck US ships in the Strait of Hormuz and fired missiles at a US aircraft carrier, causing minor damage. Tehran warns any further attacks will meet with harsher retaliation as it faces economic pressure from the US blockade and sanctions, which have reduced Middle East crude oil exports by 39%.
JLR to cut 4,000 jobs over two years in £1.7 billion cost-cutting drive
Jaguar Land Rover (JLR), owned by Tata Motors, is launching a voluntary redundancy programme that could cut around 4,000 jobs over two years to save £1.7 billion and reduce break-even production to 300,000 vehicles. This follows a cyber attack last year and declining sales amid rising costs and US tariffs. JLR informed staff and unions about the scheme, which comes as CEO PB Balaji faces pressure to improve efficiency amidst financial challenges.
Israeli Chamber of Commerce opens office in Banja Luka
The Israeli Chamber of Commerce opened an office in Banja Luka, the capital of Republika Srpska, on Thursday, aiming to strengthen ties and promote business cooperation. This move, supported by Milorad Dodik, Republika Srpska’s former president, highlights historical and political affinities between Serbs and Jews despite growing international criticism of Israel's actions in Gaza. The office opening was seen as a strategic economic opportunity for Republika Srpska amid financial challenges and raised concerns over Bosnia’s unity and EU aspirations.
Biggest IPO This Week: Rentomojo Seeks Rs 1,256 Crore From Investors
From September 7 to 11, India's IPO market will see 16 issues open for subscription. Rentomojo, Kanohar Electricals, and others lead the lineup with strong GMP trends indicating selective but healthy investor appetite. Notable issuers include Pranav Constructions (Rs 351 crore, 35% GMP), Glass Wall Systems (Rs 428 crore, 23% GMP), and Rentomojo (Rs 1,256 crore, 38% GMP).
Jain's Fund Goes 100% Long on Bullish Domestic Signals in July
Arihant Jain discussed the Sapphire Equity Long-Short SIF, which can hold 75–100% in long positions and short up to 25%. The fund uses a multi-factor model focusing on quality, valuation, price momentum, and earnings momentum. In July, they were 100% long due to bullish domestic signals. Jain expects large-caps to offer better risk-adjusted returns as mid- and small-cap stocks are already pricing in higher growth rates.
Oil surges 8%, Sensex gains 363 points as US jobs data beats forecasts
On Friday, Sensex gained 363 points to close at 76,515 and Nifty 50 rose over 24 points to end below 23,898. Oil prices surged by 8%, raising crude forecasts to $86-$95 a barrel due to US-Iran tensions. Rising bond yields and stronger-than-expected US jobs data increased rate hike bets, while foreign investors returned with FPI inflows crossing $3.2 billion in August. Technical indicators suggest Nifty could face further correction if it breaks below 23,700.
Sharp 49%-81% drops hit 11 penny stocks, signaling heavy selling pressure
Over the past six months, ACE Equity identified 11 penny stocks experiencing sharp corrections ranging from 49% to 81%. The screen used focused on stocks with a market capitalization below Rs 1,000 crore, share price under Rs 20, and recent trading volume of at least 5 lakh shares. This highlights significant selling pressure in low-priced, relatively liquid penny stocks.
Investors holding shares in their demat accounts as of specified record dates
Investors holding shares in their demat accounts as of specified record dates will receive dividends from numerous companies this week. On September 7, Texmaco Infrastructure and Holdings pays Rs 0.15 per share; GeeCee Ventures, Rs 2 per share; and Transpek Industry, Rs 20 per share. Tuesday sees at least 11 companies paying dividends, including APL Apollo Tubes with Rs 8.5 per share. Wednesday features over 17 companies, led by Force Motors with Rs 50 per share. Thursday includes payouts like TVS Srichakra’s Rs 37.8 per share. Friday has more than 100 companies paying dividends, highlighted by Apar Industries at Rs 60 per share.
Top Flexi Cap Fund Surges 20.5%, Five Laggards Struggle Between -2.4% and 9.7%
ETWealth reported that the top five flexi cap funds achieved over 15% annualised returns in the last three years, with Bank of India Flexi Cap Fund leading at 20.5%, followed by Motilal Oswal, Invesco India, ITI, and ICICI Prudential Flexi Cap Funds ranging from 18.1% to 19.9%. Meanwhile, five laggards delivered returns between -2.4% and 9.7%, as of August 26, 2026.
Wall collapse at disused South African mine kills 14 miners
On August 13, a wall collapse at a disused mining site near Rustenburg, South Africa, killed 14 miners, mostly undocumented migrants. Lerothodi Nale, a survivor from Lesotho, escaped and alerted guards but fled fearing arrest. The incident exposes illegal chrome mining's deadly conditions, driven by poverty and criminal networks exploiting abandoned mines for profit.
Modi shows 13-year transformation: From vision to manufacturing growth at Delhi college
On Saturday, Prime Minister Narendra Modi returned to Shri Ram College of Commerce in Delhi University, where he had spoken as Gujarat's Chief Minister in 2013. This time, as prime minister, he presented a "report card" on India’s progress, using specific economic data and achievements like manufacturing growth and financial inclusion to contrast with his earlier aspirational speech. The event highlighted the transformation from vision to tangible results over 13 years.
Montreal deli swaps US cherry soda for local version after eight-year struggle
Schwartz’s, one of Montreal's most famous delis, has stopped serving the US-made black cherry soda due to supply issues caused by rising aluminium costs and reduced production. After eight years of struggle, they switched to a locally-made version, which customers have largely embraced.
Telangana opens 8,283 centres to buy 65 lakh tonnes of paddy worth ₹18,250 crore
On Saturday, N. Uttam Kumar Reddy, Minister for Irrigation and Civil Supplies in Hyderabad, instructed officials to ensure smooth procurement of 65 lakh tonnes of paddy worth ₹18,250 crore by opening 8,283 Paddy Purchase Centres across Telangana by October 1. The MSP is ₹2,461 per quintal for Grade-A and ₹2,441 for common varieties, with a ₹500 bonus for seven preferred types. Officials were warned to avoid delays in payment and transportation issues.
KLA Tencor buys 12-acre land for ₹1,020 crore in Tamil Nadu GCC hub
On September 6, 2026, KLA Tencor Software India Private Limited acquired a 12-acre-plus land parcel along the Pallavaram Thoraipakkam Radial Road for over ₹1,020 crore from a Hyderabad-based individual, marking the largest transaction in the zone. CBRE advised the deal. The site will likely host a Global Capability Centre under an MoU with the Tamil Nadu government and earlier R&D investments by KLA Corporation through its Indian subsidiary. This area is becoming a key location for GCCs due to existing IT infrastructure and proximity to Chennai International Airport.
On September 5, Union Minister of State for Railways V
On September 5, Union Minister of State for Railways V. Somanna flagged off an ‘Assured Transit Time’ domestic container train service from ICD Whitefield in Bengaluru to Tughlakabad in Delhi via Chennai, operated by CONCOR and Indian Railways. The weekly service offers a 166-hour transit window, benefiting industries in South India by providing reliable and cost-effective logistics options for goods transport to North India markets. This initiative aims to improve inventory management and supply-chain efficiency for numerous industrial clusters around Bengaluru.
Hindu Property Expo 2026 Draws Over 4,000 Visitors on First Day
The Hindu Property Expo 2026, opened on September 5 at the Chennai Trade Centre, showcasing over 200 projects from more than 45 developers. The event, presented by Bank of Baroda, offers a range of real estate options for buyers and investors, with benefits like competitive interest rates and new home loan schemes. Mehul H. Doshi highlighted its utility for evaluating multiple options, while Ravindra Rai M., CGM at Bank of Baroda, emphasized the event's value ahead of the festive season. Young women and business professionals were prominent visitors, exploring property upgrades and second homes. More than 4,000 people attended on the first day.
Modi mocks critics as "grumpy uncles" at SRCC, touts 7.8% GDP growth
Prime Minister Narendra Modi revisited his 2013 speech at Delhi University's Shri Ram College of Commerce (SRCC) on September 9, contrasting India’s current economic growth with its past challenges. He highlighted Q1 GDP growth of 7.8% and rising vehicle sales as signs of progress, dismissing critics as "grumpy uncles." Congress leaders criticized the speech for ignoring current issues.
Iran's President Calls for Unity Amid US Sanctions and Public Discontent
Masoud Pezeshkian, Iran's president, called for national unity amid US economic sanctions and rising public discontent. The US imposed its toughest sanctions regime to date, aiming to sever all economic ties with Tehran. Pezeshkian warned that further pressure could lead to unrest, while officials vowed to prosecute those damaging national security more decisively than ever before.
Crypto Market Tumbles: Bitcoin Down 1.8%, Ethereum Down 2.3%
In the past 24 hours, Bitcoin was down 1.8% and Ethereum down 2.3%, trading at $2,452; major altcoins like BNB, XRP, Solana, Hyperliquid, Dogecoin, and Cardano fell by up to 5.4%, while Tron rose 0.9%. The global crypto market capitalisation dropped 1.4% to $2.77 trillion according to Coingecko. Over the week, Bitcoin and Ethereum were up 2.5% and 0.4%, respectively; major altcoins rallied by up to 4.9%, except Solana, Tron, and Dogecoin which corrected by up to 2.4%.
McGoldrick sells 21 lakh Tata Technologies shares valued at Rs 164.85 crore
Patrick McGoldrick, former CEO and MD of Tata Technologies, sold 21 lakh shares in four tranches on Friday, representing a 0.51% stake at Rs 785 per share, valued at Rs 164.85 crore. The buyers were ICICI Prudential MF, Kotak Mahindra MF, 360 One Asset Management, and Carnelian Asset Management & Advisors. Post-sale, McGoldrick's holding declined to 0.62%. Shares of Tata Technologies fell 0.59% that day.
Overseas investors remained net buyers in India's ten sectors from August 16
Overseas investors remained net buyers in India's ten sectors from August 16 to August 31, with Consumer Services attracting Rs 5,019 crore and Financial Services over Rs 4,000 crore. Healthcare saw Rs 3,021 crore inflows while Telecom faced continued FPI selling of Rs 4,983 crore and Power witnessed outflows of Rs 2,641 crore. SBI Securities linked Consumer Services' strong performance to changing spending patterns and leisure travel trends.
Swiss watch exports decline as editors showcase new models at Geneva Watch Days
WIRED editors highlight new watches from Geneva Watch Days and beyond, noting Swiss watch exports declined in 2024 and 2025.
Gupta Unveils Altiva Equity Long Short Fund Targeting Consistent Alpha from Large-Cap Equities
Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, announced the launch of Altiva Equity Long Short Fund on September 10, aiming to generate consistent alpha from large-cap equities through income-oriented derivatives. The fund will combine equity exposure with a derivatives overlay to enhance returns and limit drawdowns during market corrections. It targets investors seeking more consistent performance across market cycles compared to traditional strategies, with lower volatility. Minimum investment is Rs 10 lakh, except for existing Altiva SIF investors who can invest Rs 1,000.
ITC Split Suggested: Tobacco at 11X, Non-Tobacco at 30X Valuation
Kotak Securities analyzed ITC’s valuation, noting the tobacco business is priced at an implied 11X one-year forward P/E, suggesting market expectations of stagnant earnings or skepticism about near-term estimates. For non-tobacco businesses, Kotak uses a 30X multiple due to expected faster growth. The brokerage suggests splitting ITC into two entities could unlock value by appealing to different investor pools. This split aims to reflect the separate values of tobacco and non-tobacco segments more accurately.
Fitch Removes Qatar from Negative Watch, Maintains AA Rating
Fitch Ratings removed Qatar from its “Rating Watch Negative” list while maintaining the country’s sovereign rating at AA on Friday. The decision was based on reduced risks to Qatar's liquefied natural gas (LNG) facilities since March, despite ongoing concerns over gas exports through the blockaded Strait of Hormuz and war-related disruptions. S&P and Moody’s had previously affirmed Qatar’s ratings this year.
Tata Motors CV Offers €3.82B to Acquire 100% of Iveco Shares
On September 5, Tata Motors CV and Iveco Group announced that TML CV Holdings B.V. commenced a tender offer to acquire 100% of Iveco’s common shares for approximately €3.82 billion, aiming to delist it from Euronext Milan. Funding includes a debt commitment letter with Morgan Stanley Bank, N.A., Morgan Stanley Senior Funding, Inc., and MUFG Bank, Ltd. Exor, the largest shareholder with 43.19% voting rights, supports the transaction. The tender offer opens on September 7, with shareholders voting in October. Tata Motors’ Managing Director Girish Wagh highlighted the strategic benefits of combining capabilities for global competitiveness and future technology investments. This follows a strong rise in August commercial vehicle sales by Tata Motors, up 49% year-on-year to 44,411 units.
Apple unveils iPhone 18 Pro, delays base model to spring 2027
Apple announced its iPhone event for September 9 at 10 am Pacific, titled “Surprise and Shine!”, where it will unveil the iPhone 18 Pro, 18 Pro Max, and potentially a foldable device. This year’s strategy shifts due to manufacturing cost increases, with Apple prioritizing premium models and delaying base model releases until spring 2027. To manage costs, Apple introduces financing options and trade-in programs.
After completing his PhD at Carnegie Mellon University, Yang Zhilin returned
After completing his PhD at Carnegie Mellon University, Yang Zhilin returned to China in 2019 to found Moonshot AI. The company, valued at $50 billion after its latest funding round, has developed the Kimi family of AI models and submitted an IPO application in Hong Kong. Yang, who emphasizes direct communication and a flat hierarchy inspired by Silicon Valley culture, aims for Moonshot AI's IPO in early 2027 to raise $3 billion.
GQG Partners' Bold Move Costs Adani Energy $569 Million
On Aug. 31, GQG Partners disrupted the market by selling unexpectedly large shares of Adani Energy during MSCI Inc.'s index rebalancing, contributing to a $569 million slump in the stock. This move, alongside hedge fund sales, exceeded anticipated demand from passive investors and led to a regulatory disclosure showing GQG’s stake dropped to 3.46%.
Karamtara Engineering IPO offers 59 shares starting at ₹14,986
Karamtara Engineering, incorporated in 1996, is offering an IPO with a lot size of 59 shares and a minimum application size of Rs 14,986. The issue comprises a fresh issue worth Rs 675 crore and an offer for sale of Rs 200 crore. JM Financial is the book-running lead manager. Karamtara manufactures products for renewable energy and transmission lines, with a global presence in over 50 countries. In FY26, it reported total income of Rs 4,316.36 crore and PAT of Rs 228.75 crore.
Greg Clark buys 81-room hotel in Eureka Springs for $2.55M
At 19, Greg Clark quit his job with just $20 and grew a side hustle into a multi-state automotive business. In 2020, he pivoted to hospitality, buying an 81-room hotel in Eureka Springs for $2.55 million and budgeting $1.1 million for renovations. Facing challenges like poor pool conditions and HVAC issues, Clark aims to create unique guest experiences with amenities like yoga and fire pits by Christmas 2026.
Motilal Oswal CEO Focuses on Digital, Defense, Renewables for High Earnings Growth
In a chat with ET Markets, Prateek Agrawal, managing director and CEO of Motilal Oswal Asset Management Company, discussed the fund house's strategy focusing on high-earnings-growth sectors like digital over physical, defense, and renewables. Motilal Oswal balances active and passive funds, aiming for alpha by identifying sustained growth areas while maintaining a concentrated portfolio of 20 to 35 names. The company expects better returns as markets follow earnings growth, with current themes including electrification and healthcare technology.
Sensex Gains 363 Points as Nifty Inches Below 23,898; Analyst Warns of Intensifying Corrections
On Friday, Sensex gained 363 points to close at 76,515 and Nifty 50 rose over 24 points to end below 23,898. Broader markets were mixed; Nifty Midcap 100 declined while Nifty Smallcap 100 increased. Analyst Sudeep Shah from SBI Securities discussed the outlook, noting that a sustained break below 23,700 on Nifty or 76,000 on Sensex could intensify corrections towards lower levels.
Precious metals power multi-asset funds, outperforming Nifty by 11.44% over one year
Multi-asset funds have outperformed the Nifty, delivering average returns of 11.44% and 14.45% over one and three years respectively, compared to a 1.26% decline and an 8.57% gain for the Nifty. These funds invest across equities, fixed income, precious metals, REITs, InvITs, and overseas equities. Strong returns from precious metals, particularly gold, which rose around 45% over a year and 150-160% over three years, contributed significantly to the outperformance. The Nifty REITs & InvITs index also returned about 13% over one year and 12.5% annually over three years. Quant Multi Asset Allocation Fund led with a 22.
Brother Confusion: Nithin Kamath Gets Daily Emails Meant for Nikhil
Nithin Kamath, founder and CEO of Zerodha, recalled in a post on X that he was once mistaken for Nikhil Kamath, co-founder of WTFund. Nithin noted receiving daily emails addressed to Nikhil since his brother gained prominence. He also shared how a press article 15 years ago boosted Zerodha’s account openings from a few hundred per month to nearly 500, convincing him he had found a growth hack. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
Dutch central bank moved 86 tonnes of gold from the US
Dutch central bank moved 86 tonnes of gold from the US and Canada to London, citing increasing geopolitical unrest. This follows similar actions by France and Germany, reflecting global instability due to trade and military tensions. The move aims to ensure gold is readily available in crises, with storage costs and security measures factored into decisions.
Illegal Miners Threaten Sumatran Orangutan Habitat, Damage 14 Hectares
Indonesian Forum for the Environment revealed that illegal gold miners have encroached on Jantho forest reservation, a critical Sumatran orangutan reintroduction site in Aceh province. Between 2023 and May 2026, approximately 14 hectares were damaged as gold prices surged. Conservationists from the Sumatran Orangutan Conservation Programme have released nearly 200 orangutans into the forest since 2011, but illegal mining threatens this habitat crucial for species recovery.
Gland Pharma Profits Soar 47% as Mutual Funds Boost Shares
As of June 30, 2026, Fosun Pharma held 51.77% in Gland Pharma but reduced its stake to around 45.77%. Kotak Mahindra Mutual Fund, Axis Mutual Fund, and ICICI Prudential Mutual Fund bought shares at an average price of Rs 2,826.6 per share, increasing their stakes by 1.69%, 0.82%, and 0.63% respectively. Meanwhile, Gland Pharma reported a 47% YoY increase in Q1FY27 net profit to Rs 317 crore.
Higher diesel prices are increasing transportation costs for businesses, leading to potential
Higher diesel prices are increasing transportation costs for businesses, leading to potential price hikes on goods like groceries and other consumer products. This could add to Republicans' political challenges ahead of November's midterm elections, with 67% disapproving of President Donald Trump’s economic management, according to AP-NORC polling. Diesel prices rose due to the U.S.-Iran war, impacting food supply chains and public transportation costs.
Cosmic PV Power’s Rs 640 crore IPO Draws Sebi Observations
Cosmic PV Power has received Sebi observations for its Rs 640 crore IPO, filed in March. The issue includes a fresh share issuance of up to Rs 540 crore and an offer for sale of up to Rs 100 crore by selling shareholders. Proceeds will fund a manufacturing facility in Narmadapuram and general corporate purposes. Cosmic PV Power manufactures solar photovoltaic modules, ranking among the fastest-growing makers with a revenue CAGR of 125.8% between FY23 and FY25. The company is also certified under the Ministry of New and Renewable Energy’s Approved List of Module Manufacturers List-I with an enlisted capacity of 1.30 GW as of September 30, 2025.
Banks rake in $136.4 billion as RBI scheme boosts dollar inflows
The RBI reported that special schemes like FCNR(B) have collected $136.4 billion, with the scheme launched in June to boost dollar inflows and strengthen foreign exchange reserves by allowing banks to swap overseas borrowings at concessional rates. Jefferies expects domestic credit growth to moderate from 18% to 15% by March 2027 but sees deposit growth rising to 17%. Banks' margins may fall temporarily, but earnings could increase by Rs10,000-11,000 crore annually. ICICI Bank mobilized $17.9 billion and SBI is expected to exceed its $10 billion target.
Festive season growth soars despite US-Iran conflict, inflation worries
Bajaj Broking highlighted the crucial juncture of this year’s festive season, noting increased input costs and inflationary worries due to US-Iran conflict. Despite these, consumer companies, retailers, automobile manufacturers, and e-commerce platforms are preparing for high single-digit to low double-digit growth, supported by urban resilience and premiumization trends. Urban demand remains strong with resilient employment conditions and easier financial terms boosting discretionary spending. E-commerce is expected to benefit significantly from increased online festive demand in smaller cities. However, concerns over monsoon performance and inflation could temper earnings expectations. Sunny Agrawal of SBI Securities recommends focusing on consumer-facing NBFCs, autos, and retail sectors for investment during the festive season.
Home Depot's Labor Day Blowout: Traeger Grill $100 Off, Free Milwaukee Battery Deals
WIRED editors highlight The Home Depot's Labor Day sales, featuring steep discounts on tools and grills. Key deals include $100 off Traeger Woodridge smart pellet grill, $50 off Weber Kettle and Spirit E-210, free Milwaukee M18 battery with impact driver purchase, and Ryobi BOGO battery offers for landscaping tools. Subscribe to WIRED for more insights.
U.S. Adds 162,000 Jobs in August, Unemployment Rate Stays at 4.1%
U.S. employers added 162,000 jobs in August, exceeding expectations, with the unemployment rate staying at 4.1%. The labor force participation rate rose to 61.6%, bolstering arguments for the Fed to raise rates at its September meeting. However, Trump criticized high interest rates and pressured the Fed via social media, adding uncertainty. Wage growth was 3.1%, consistent with inflation goals, but next week’s CPI and PPI reports will be crucial. Markets now see a 62% chance of a rate hike this month.
The price of diesel in the US hit an all-time high
The price of diesel in the US hit an all-time high of $5.85 per gallon and gasoline reached $4.14, setting new records amid the war with Iran. This surge occurred despite President Donald Trump's claims of controlling the Strait of Hormuz. The increases are expected to raise transportation and production costs, impacting products like groceries ahead of November’s midterm elections where cost-of-living issues are prominent.
Tesla's Driverless Cybercab Faces NHTSA Investigation Before Public Debut
Tesla’s Cybercab, a two-seater without steering wheels or brake pedals, is set to begin public rides in Austin, Texas, despite being investigated by the National Highway Traffic Safety Administration for compliance with federal safety standards. The investigation follows Tesla's claim that its vehicles meet all existing regulations. Meanwhile, NHTSA is updating rules to ease deployment of driverless cars but requires exemptions for uniquely shaped models like Zoox’s. This inquiry could lead to regulatory changes or penalties for Tesla if non-compliance is found.
US Adds 162,000 Jobs in August, Exceeding Forecasts
The US economy added 162,000 jobs in August, exceeding forecasts of 56,000 by Reuters. Local government education and food services led gains with 42,000 and 59,000 new jobs respectively. The unemployment rate remained steady at 3.8%. This data contrasts with the ADP report showing only 38,000 job additions. The strong report raises expectations for a potential Fed rate hike to 3.75–4.00 percent in September. US markets trended downwards following Trump’s call for rate cuts.
Great Point Estate Shatters Record with $43 Million Sale on Martha’s Vineyard
The Great Point estate in Edgartown, Martha’s Vineyard, sold for $43 million, setting a new Massachusetts real estate record. Owned by Michael Bronner and listed at $49 million, the 31.59-acre property with an 8,994-square-foot home includes 12 bedrooms. This sale surpasses previous records of $37.5 million for Martha’s Vineyard and $38.1 million for Massachusetts. The wider market saw fewer transactions but more money spent on high-value homes in the first half of 2026, with average prices rising to record levels.
Homeless to homeowner: Tiffany Haddish amasses 17 properties in 15 years
Tiffany Haddish, who once experienced homelessness, now owns about 17 properties after following advice from an accountant met during a group trip to China and Japan. The accountant recommended she buy one property annually for 15 years. She credits this strategy with her current financial stability. Haddish spoke about her journey on the podcast 'Family Trips With the Meyers Brothers'. Her real estate investments began after appearing in "The Carmichael Show" in 2015 and were further boosted by earnings from "Girls Trip".
Chicago TREND Revives Baltimore Center, Creates Over 100 Jobs with Resident Investors
In August 2023, Chicago TREND acquired the Edmondson Village Shopping Center in Baltimore with 200 community investors through its Real Estate Fund. Three years later, ten new leases have been signed, bringing services like groceries and primary care, while a planned Meals on Wheels headquarters will create over 100 jobs. The Kresge Foundation invested $2 million in the fund to support local resident ownership. This model aims to revitalize the center by connecting residents financially to its success.
AI Hiring Tools Create Mistrust: Applicants Game System, Recruiters Struggle
Jodi Beggs, a data scientist, found her résumé dinged by an online system like Jobscan for minor formatting and wording issues. These tools assess how well applicants match job descriptions using AI, but their effectiveness varies. Some hiring committees still review applications manually. Daniel Chait of Greenhouse says this reliance on AI creates a loop where both sides use it to solve problems, making them worse. Applicants spend time gaming the system while recruiters struggle with similar issues, leading to mistrust and inefficiency in job searches.
President Donald Trump faces pressure to de-escalate the US-Iran conflict until
President Donald Trump faces pressure to de-escalate the US-Iran conflict until after the November 3 midterms due to rising fuel prices and public opposition. Vice President JD Vance downplays the war, while economic sanctions intensify. Strikes continue but are sporadic to avoid full-scale war before elections, which could determine Republican control of Congress.
US Diesel Prices Hit All-Time High at $5.85 Per Gallon
US diesel prices reached an all-time high of $5.85 per gallon, up from $3.71 a year ago, driven by the US-Israel conflict with Iran and increased oil costs. American Automobile Association (AAA) reported this surge, coinciding with historically high petrol prices at $4.15 per gallon. In response to rising fuel costs, former President Donald Trump pledged to lower gas prices through an oil deal with Venezuela involving 65 billion barrels of potential oil and over $100bn in investment. However, some analysts remain skeptical about the effectiveness of this agreement.
OnEMI shares surge 3.8% after JM Financial raises target to ₹387
JM Financial raised its target price for OnEMI Technology shares to Rs 387 from Rs 301, implying a potential upside of about 28%. Following the coverage, OnEMI’s stock rose by up to 3.8% on the NSE. JM Financial expects OnEMI's AUM and profits to grow at CAGRs of 44% and 49%, respectively, between FY26 and FY28, with improved borrower quality and lower borrowing costs.
Modi's Defence Boost: Budget Soars to ₹6.81 Trillion in FY26
Bajaj Broking reported India’s defence budget increased from Rs 2.53 trillion in FY14 to Rs 6.81 trillion in FY26, reflecting Prime Minister Narendra Modi's commitment to military modernisation. Defence production hit an all-time high of Rs 1.78 trillion in FY26 with exports surging to Rs 38,424 crore. The sector benefits from policy support and a robust order pipeline, positioning it for sustained growth across various platforms and technologies.
Retired mechanic’s 30 wind sculptures boost Wilson tourism, generating $5.3 million annually
Vollis Simpson, a retired North Carolina farm mechanic, began building large wind-powered sculptures using discarded materials in his 60s. His creations attracted visitors and became Wilson County’s top tourist destination. After conservation efforts, the Vollis Simpson Whirligig Park opened in downtown Wilson in November 2017, featuring 30 restored sculptures. The park has boosted local tourism, generating $5.3 million annually and supporting 42 jobs by 2024, while also increasing property values around the site.
White House faces fire for Trump policy games: "Build the Wall," "Rio Run" mocked
Critics have ignited backlash against the White House for unveiling five arcade-style games on its website, each promoting a different policy of President Donald Trump’s agenda. Games include “Build the Wall” and “Rio Run,” which critics argue prioritize entertainment over addressing rising living costs and the war with Iran. Senator Matt Lesser and rights groups like Amerika Garcia Grewal from the Frontera Federation in Texas have condemned these games, accusing the administration of lacking seriousness. The White House remains unfazed, posting "CAN’T STOP WINNING" alongside a link to the games.
Ceigall India bags Rs 5,300 crore power project, shares surge 4%
Ceigall India secured a Rs 5,300 crore contract to develop a common transmission system for power evacuation from Lakadia, Jam Khambhaliya, and Jamnagar under a tariff-based agreement. The project includes constructing substations and transmission lines over 36 months, followed by a 35-year operational period with annual charges of Rs 608.67 crore. Following the announcement, Ceigall India’s share price rose nearly 4%, reflecting investor interest in the long-term visibility provided by the project.
Sebi Reviews Derivatives Pricing After Expiry-Day Swings, Market Gains
On Thursday, Sebi said it would review the methodology for determining settlement prices of derivative contracts following feedback from market participants after the rollout of the new Closing Auction Session (CAS). BSE shares rallied 5%, while Angel One and Groww saw significant gains. Sebi plans to issue a consultation paper in about a week addressing issues like lower trading volumes and heightened volatility under CAS, which prompted several market participants to scale back derivatives activity. The review aims to address expiry-day moves and sudden swings in the closing auction that impact option prices.
Adani Ports launches Empty Container Yard, aiming for 6 million TEUs boost by 2028
Adani Ports and Special Economic Zone Ltd (APSEZ) announced on Friday the launch of a dedicated Empty Container Yard at Mundra, offering services like storage, maintenance, inspection, and seamless movement to exporters. This initiative is part of APSEZ's 'Ambition 2031' plan to add over 6 million TEUs in container handling capacity by 2028. The yard aims to enhance efficiency and reduce logistics costs, aligning with the government’s focus on improving trade infrastructure. Adani Ports, which commands a 45.5 per cent share of India's container market, operates 16 ports and targets 1 billion tonnes throughput by 2030.
Motilal Oswal Sets Rs 200 Target for PhysicsWallah, Sees 66% Upside
Motilal Oswal set a target price of Rs 200 for PhysicsWallah, implying a 66% upside from its reference price of Rs 121. Despite recent declines, the brokerage highlighted PhysicsWallah’s efficient model and projected revenue growth from Rs 3,899.4 crore in FY26 to Rs 6,138.9 crore by FY28, with EBITDA margins expanding to 22.8%. The valuation is based on a sum-of-the-parts approach, considering online and offline businesses separately.
ISRO Chief: Private Sector Needed as Satellite Demand Surges, GSLV Capabilities Boosted 40%
Dr V Narayanan, ISRO Chairman, addressed criticism over private sector involvement in India's space industry, stating that ISRO alone cannot meet the country's growing satellite needs. He highlighted the government’s reforms to expand the space ecosystem and create job opportunities. Commenting on the successful GSLV-F17 launch carrying EOS-05 from Sriharikota, he noted it as a significant achievement, marking an increase in GSLV Mark II vehicle capabilities by 40%. Additionally, he provided updates on the Kulasekarapattinam spaceport project and the Gaganyaan programme's progress.
Sterlite Technologies approves Rs 3,000 crore expansion, aims 50% capacity boost
Sterlite Technologies, aiming to expand its optical transmission market and enhance connectivity solutions, approved a Rs 3,000 crore capital expenditure plan for capacity expansion by 50%. The company also plans annual investments of Rs 1,000 crore over three years for technological innovation. This move follows a strong Q1FY27 performance with revenue up 87% to Rs 1,910 crore and profit after tax rising 870% to Rs 197 crore. Board approved these plans on Thursday.
Cook Transforms Apple, Sales Rise to $416.2 Billion
In August 2011, Steve Jobs summoned Tim Cook, then COO, to his home and named him Apple's next CEO despite Cook’s reluctance. Jobs warned against emulating him closely, emphasizing doing what was right rather than asking "What would Steve do?" Over the next 15 years, Cook transformed Apple into a more stable institution, focusing on services and ecosystem growth rather than individual product launches. By fiscal 2025, Apple's annual net sales rose to $416.2 billion from $108.2 billion in 2011, with services revenue reaching $109.2 billion.
NSE Listing Near: IFCI Shares Soar 35%, Sebi Approval Looms
IFCI shares have rallied nearly 35% over the past month, driven by growing investor interest in NSE's anticipated public listing. IFCI, which owns more than 50% of SHCIL (holding over 4% of NSE), benefits from this trend. Sebi Chairman Tuhin Kanta Pandey said the regulator is close to approving NSE’s draft red herring prospectus, aiming for a valuation up to Rs 5.26 lakh crore. However, Dolat Capital Market initiated coverage on NSE with a bearish view due to regulatory risks and high valuation concerns. IFCI's strong rally has pushed its market capitalization to around Rs 25,970 crore, though technical indicators suggest it may face profit-taking pressure.
Students in India Protest for Better School Conditions Since Late July
Students across India, including in Uttar Pradesh, Maharashtra, and other states, have protested since late July for better school conditions like new buildings and basic facilities. In Samuhi Bhatpurwa village, 122 students refused classes until promised a new building; authorities assured construction soon. Inspired by Gen Z protests, these younger "Gen Alpha" students demand reforms from the Narendra Modi government, highlighting systemic issues in India’s education system.
Kenya Faces Milk Shortages as Drought Hits Production, Dairy Board Reports 3.7% Drop
Kenyans, who rely heavily on chai tea, are facing milk shortages due to drought reducing pasture and production. Supermarkets are rationing and raising prices; Muthoni Macharia's restaurant in Nairobi struggles with scarcity affecting her business. The Kenya Dairy Board reports a 3.7% drop in formal milk deliveries from June to July. Cofek, the Consumer Federation of Kenya, demands government support for farmers and retailers. Agriculture officials commit to stabilizing supply through feed imports and potential milk imports.
Keralam raises IT hardware budget to ₹2 lakh due to price hikes
The Keralam government, despite emphasizing cost reduction, increased the IT hardware procurement ceiling for officials from ₹1.5 lakh to ₹2 lakh on Thursday due to global price hikes and inflationary pressures. The order by Electronics and IT department Special Secretary Seeram Sambasiva Rao applies to Ministers, private secretaries, officers, and heads of departments and institutions. This adjustment follows previous measures like the Centralised Procurement Rate Contract System (CPRCS) implemented in 2018 and mandated in 2019.
RBI faces high hedging costs, expects good returns on US treasury investments
Amid concerns over high costs for the RBI from hedging and liquidity management due to foreign currency inflows, experts expect good returns on US treasury investments. The 52-week US Treasury bill yield was 4.14% as of August 31, 2026. Estimated swap costs could reach Rs 36,000 crore, while robust flows may reduce intervention costs and create a buffer for future debt repayments. Policymakers believe the rupee may appreciate, offsetting potential losses. (Complete sentence.
NSE Set to Launch ₹31,000 Crore IPO, Second-Biggest in India After Jio Platforms
The National Stock Exchange of India (NSE) is set to launch an IPO that could raise up to ₹31,000 crore, making it the second-biggest in India after Jio Platforms. The NSE filed a draft red herring prospectus on June 18 and plans to sell 148.91 million shares. Sebi Chairman Tuhin Kanta Pandey indicated that approval is imminent. In July, the market regulator accepted the NSE's settlement application for regulatory lapses related to its colocation facility, requiring a payment of ₹1,491 crore. The case against former CEO Chitra Ramkrishna continues separately.
Indian Large-Cap Operating Margins Fall to 13-Quarter Low of 14.3%
According to an ET Intelligence Group analysis of 3,340 Indian companies excluding banks and finance firms, large-cap operating margins contracted by 280 basis points year-on-year in the June quarter to a 13-quarter low of 14.3%, while mid- and small-caps showed lesser contractions. Large caps posted modest net profit growth at 1.6%, the slowest in seven quarters, compared to double-digit growth for mid- and small-caps. Overall, India Inc.'s operating margins declined by 230 basis points year-on-year to 13.5%.
Jio Set for IPO Around Oct 11, Potentially Raising Rs 37,800 Crore
Jio, likely to launch its IPO around Navratri (Oct 11-20) or Diwali (Nov 8), received Sebi approval on August 28. The company plans a three-week international and two-week domestic roadshow before the sale, potentially raising Rs 37,800 crore. Jio Platforms will issue up to 270 million shares, with proceeds partly used for loan repayment at Reliance Jio Infocomm Ltd. Large investors like Meta, Google International, and others hold nearly 30.9% of the company.
Foreign investors pour ₹13,010 crore into Indian equities for fifth straight fortnight
Overseas investors extended their buying streak in Indian equities for a fifth consecutive fortnight, investing ₹13,010 crore from August 16-31. Consumer services, financials, and healthcare saw significant inflows of ₹5,019 crore, ₹3,959 crore, and ₹3,021 crore respectively. Capital goods also returned to favor after previous outflows. Oil, gas, and consumable fuels experienced the largest foreign investment outflows at ₹2,251 crore during this period. Mumbai: This trend reflects renewed interest in growth-oriented sectors following robust earnings projections.
Ghana Gold Board bans unrefined gold exports, forces local refining by September 1
Effective September 1, Ghana Gold Board (GoldBod) barred Ghanaian gold exporters from shipping unrefined gold dore abroad unless it is first refined locally. This move aims to retain more value within Ghana as part of a broader strategy to develop the country’s gold industry beyond raw exports. The directive implements Act 1140, requiring companies like United Gold International Limited to amend existing contracts by August 31 and settle applicable charges before export applications are processed. Companies face sanctions for non-compliance, while local refining is expected to create jobs and reduce overseas processing costs.
US Announces Sanctions on Cuban Companies and Individuals
On Thursday, the US announced new sanctions targeting several Cuban companies and individuals, including 31-year-old Fidel Ernesto Castro, grandson of former leader Raul Castro. Since January, President Donald Trump has intensified efforts to weaken Cuba’s government through sanctions and a de facto fuel blockade. In response, Cuba passed significant free-market reforms in June and announced further changes on Thursday aimed at loosening state control over industries like tourism. Despite these measures, the US continues to threaten military intervention and impose stricter economic penalties, leading critics to warn of severe impacts on Cuba’s healthcare and power grid systems.
On Thursday, Elon Musk deployed dozens of self-driving Cybercabs without steering wheels
On Thursday, Elon Musk deployed dozens of self-driving Cybercabs without steering wheels or brake pedals in Austin, Texas, aiming to overcome public fear and boost Tesla's stock. Shares rose 5%. Despite skepticism from a Pew survey showing only 16% somewhat comfortable with driverless cars, Musk hopes the futuristic taxis will catch on quickly. Waymo leads in deploying self-driving cabs globally.
Tesla unveils secret driverless Cybercab in Austin, bans posts
At a secretive event in Austin, Tesla unveiled its Cybercab, a driverless two-seater without steering wheels or pedals. Unlike previous launches, CEO Elon Musk was absent, and attendees faced posting restrictions. The vehicle is part of Tesla’s robotaxi network, aiming to redefine the company as an AI robotics firm rather than just a carmaker. Despite regulatory hurdles and past delays in autonomous technology milestones, Tesla remains optimistic about its future in self-driving vehicles.
VW to cut 50,000 more jobs by 2030, total layoffs hit 100,000
The Volkswagen board approved a plan to cut another 50,000 jobs by 2030, bringing the total job cuts to 100,000. CEO Oliver Blume said this is necessary due to falling profits from declining sales and competition, especially from Chinese brands. The company will also assess alternative uses for plants in Emden, Zwickau, Hanover, and Neckarsulm where production capacity exceeds demand. This marks the biggest restructuring in VW's near 90-year history.
Hyderabad Soars, Attracting 150 Global Tech Centers in Just 20 Months
Hyderabad, long welcoming new investments, has a diverse industrial landscape including pharmaceuticals, aerospace, and data centers. Recently, it emerged as a preferred destination for Global Capability Centres (GCCs) of multinational corporations, adding to its technology ecosystem. In early August, JLL opened a 1.20 lakh sq. ft. GCC in Hyderabad. The city attracted nearly 150 GCCs in 20 months, generating over 150,000 tech jobs. It also leads in drone manufacturing and spacetech, with Skyroot Aerospace achieving a significant milestone by launching an orbital-class rocket from Indian soil.
ISRO Launches GSLV-F17 with India's Heaviest Satellite
On Friday at 2:55 am IST, ISRO launched the GSLV-F17 rocket from Sriharikota in Andhra Pradesh, successfully placing the EOS-05 satellite into its intended sub-geosynchronous transfer orbit. The launch marks ISRO's 19th successful GSLV mission and features India's heaviest satellite ever launched by GSLV into a GTO or sub-GTO orbit. Dr. V Narayanan, ISRO Chief, and Thomas Kurian highlighted the significance of this achievement, which enhances Earth observation capabilities from nearly 36,000 kilometers above Earth.
Anchovies Vanish, Hinting at Record-Breaking El Niño in 2026-27
Stephanie Roe, lead climate scientist with the World Wildlife Fund (WWF), warns that the 2026-27 El Nino could be the strongest ever, exacerbated by climate change. Anchovies' disappearance from South America signals weakening trade winds and warmer Pacific waters. Scientists predict temperature spikes up to 3°C in the equatorial Pacific, leading to global droughts, floods, and economic losses of up to $7 trillion over five years.
India Launches EOS-05: First Imaging Satellite in Geosynchronous Orbit at 2:55 AM
On Friday, September 4, 2026, at 2:55 am, GSLV-F17, a 51.7-meter tall rocket carrying ISRO's Earth observation satellite EOS-05, launched from the second launch pad at Satish Dhawan Space Centre near Chennai. The countdown began on Wednesday at 11:30 pm and concluded after 27 hours. This marks India's first imaging satellite in Geosynchronous orbit.
Volkswagen to slash 100,000 jobs as four German plants face closure
On Thursday, Volkswagen announced a plan to cut 100,000 jobs by the end of the decade due to US tariffs, weak electric car demand, and Chinese competition. Management and unions agreed on this move, which represents about 15% of its global workforce. The company also warned that four German plants might close, marking the first such closures in Germany. This restructuring is the largest ever in the auto industry, surpassing General Motors' cuts post-bankruptcy in 2009.
Trump admin proposes stripping tax-exempt status from schools over race-based benefits
The Trump administration proposed stripping private schools and colleges of their tax-exempt status if they provide benefits based on race, potentially affecting 18,000 institutions. Treasury Secretary Scott Bessent announced the rule, which targets race-based admissions but exempts religious organizations and considers factors like family income. The proposal could impact fundraising and applies to taxable years starting May 31, 2027, after a public comment period.
Mayawati strips Akash Anand of key party roles, vows personal UP election campaign
On September 3, Mayawati pushed her nephew Akash Anand, 31, to the margins again, citing his lack of maturity. Akash was stripped of significant party responsibilities despite being chief national coordinator since April 2025. Mayawati also declared the BSP will contest all elections independently and she would personally manage UP's 2027 election campaign.
