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Go-arounds normal, operations improving with full transparency: Air India CEO
Air India CEO Campbell Wilson addressed employee concerns regarding recent operational incidents, assuring that go-arounds and flight returns are normal given the airline's scale. He emphasized transparency in reporting events to build trust, acknowledging regulatory scrutiny faced by all carriers. Wilson highlighted ongoing improvements in performance and customer service initiatives, reinforcing Air India's role in India's aviation ambitions.
SpiceJet repays $24 mn in dues to Credit Suisse
SpiceJet has cleared its $24 million settlement with Credit Suisse, closing a liability predating its current promoter. The May 2022 agreement, originally linked to a $41.77 million claim, was settled through structured payments. The airline said the move strengthens its balance sheet and financial stability. CBO Debojo Maharshi said it demonstrates SpiceJet’s resolve to move past legacy issues.
Apple iPhone 17 launch: What to expect, timings and how to watch live the Awe Dropping event
Apple is expected to launch the new iPhone 17 line-up on 9th September. The event will be streamed live on Apple’s official website and their YouTube channel
Buy, Sell or Hold: Antique sees over 30% upside in Cyient DLM; JM Financial initiates coverage on Angel One
Brokerages remain bullish on select stocks, with Nomura backing Eternal for its food delivery and quick commerce leadership, Antique initiating coverage on Cyient DLM citing growth recovery and infrastructure strength, and JM Financial starting coverage on Angel One, highlighting its agile model, promoter backing, and resilient performance despite headwinds.
Swiggy gets another buy call, this time from Nomura, with Rs 550 target price
Swiggy's stock receives a 'buy' rating from Nomura, setting a target price of Rs 550, citing disciplined execution and improved breakeven visibility. Ongoing product innovations like Bolt are helping Swiggy gain market share against Zomato. Motilal Oswal also upgraded Swiggy to 'BUY', anticipating multiple tailwinds and raising food delivery growth estimates for FY26-27.
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FPIs dump Rs 22,789 crore in August, financials and IT hit hard
Foreign investors heavily sold Indian equities in August, withdrawing over ₹80,000 crore in July and August combined. Financial services faced the brunt, with ₹9,817 crore offloaded in the second half of August, following ₹13,471 crore earlier. IT stocks also experienced sustained pressure, with FPIs selling ₹4,905 crore in the latter half after an earlier sell-off.
Banks sense an opportunity in GST gain for retail, MSME
Recent GST reforms, coupled with a good monsoon and improved liquidity, are poised to stimulate credit demand, particularly in retail and MSME sectors. Reduced tax rates and simplified compliance are expected to boost consumption, ease working capital pressures, and drive loan disbursements, benefiting banks and NBFCs.
Landslide debris and damage on NH-244 cleared, road open for traffic: Union Minister Jitendra Singh
Union Minister Jitendra Singh announced the reopening of NH-244 after landslide debris removal, facilitated by BRO and NHAI efforts. Connectivity from Basohli to Bhaderwah is restored despite challenging weather. The Bani-Basohli road is open for light vehicles, with hopes for heavy traffic soon, weather permitting. Power and water are back in Ramban, though the Ramban-Gool road remains closed.
Coal import declines in July over sluggish demand, availability of high stock
India's coal imports saw a decline of 16.4 percent in July, reaching 21.08 million tonnes. This decrease is attributed to reduced demand during the monsoon season and ample stock availability. Imports during April-July also dipped. Non-coking coal imports decreased, while coking coal imports increased during the same period. The government assures sufficient coal supply across sectors.
Punjab CM Bhagwant Mann showing improvement, under observation: Fortis Hospital
Bhagwant Mann, Punjab's Chief Minister, is recovering at Fortis Hospital Mohali. He was admitted after complaining of exhaustion and a low heart rate. Hospital officials report his vital signs are stable. Several AAP leaders, including Manish Sisodia, visited him. Sisodia mentioned Mann had an electrolyte imbalance. The cabinet meeting was postponed due to Mann's illness.
AstraZeneca to invest Rs 176 cr to expand GITC in Chennai
AstraZeneca is investing Rs 176 crore to expand its Global Innovation & Technology Centre in Chennai, marking its third investment in India in two years. This expansion will enhance the center's capabilities in AI, data analytics, and machine learning, supporting the development of next-generation medicines and digital healthcare solutions.
Amber Enterprises, Trent among key winners of GST-driven demand upswing
India's retail sector anticipates a consumption boost. The GST Council's tax slab rationalization aims to reduce prices on many goods. Apparel, footwear, and consumer electronics will likely see price drops. Organized retail may gain against unorganized players. Amber Enterprises and Trent are expected to benefit. Challenges like inverted duty structures remain. This policy shift signals a push toward consumption-driven growth.
Centre issues draft standards to make everyday products accessible for people with disabilities
The government is drafting accessibility standards for everyday items. This includes kitchenware, furniture, and grooming products. The goal is barrier-free access for persons with disabilities. The standards cover 20 categories. They include braille, tactile features, and clear labeling. The framework follows the 'POUR' approach. Products must be Perceivable, Operable, Understandable, and Robust. The government will offer incentives for compliance.
Bhagwant Mann health scare: Punjab CM hospitalised after exhaustion, low heart rate
Punjab CM Bhagwant Mann Health Update: The Chief Minister of Punjab, was admitted to Fortis Hospital in Mohali. He complained of exhaustion and a low heart rate. Doctors assessed his vitals and stabilized his condition. He is currently under observation. A cabinet meeting was postponed due to his health. Arvind Kejriwal visited Mann earlier.
Earnings recovery to drive market momentum: Mayuresh Joshi
Indian equity markets saw a 1% gain but stayed below 25,000, prompting analysis of underlying trends. GST rationalization is expected to boost volumes and margins from Q3, benefiting India Inc. Metals led sectoral gains, supported by potential US rate cuts and improved India-China ties. Despite positive indicators, markets remain cautious, awaiting earnings reset and resolution on US tariffs.
Oyo Q1 FY26 PAT doubles YoY to Rs 200 crore; revenue grows 47% to Rs 2,019 crore
Oyo has reported a profit after tax of over Rs 200 crore in the first quarter of fiscal year 2026, with revenue growing 47% to Rs 2,019 crore. The company's Gross Booking Value surged 144% to Rs 7,227 crore, driven by hotel openings and premiumization.
iPhone 17 RAM takes the spotlight in fresh leaks; display and battery upgrades add to the buzz around the Apple mobile launch event
Upcoming iPhone 17 may feature RAM upgrades across models. Leaks suggest the iPhone 17 will have 8 GB RAM. The iPhone 17 Air might offer 12GB RAM. Pro models are expected to have 12GB RAM. The Pro Max could boast a larger battery. Pricing may remain similar to iPhone 16. Apple aims to differentiate models through memory and other enhancements.
GST Council clears process reforms for taxpayers
The GST Council has approved structural and process reforms for small taxpayers, including auto refunds and prefilled returns by October. A simplified registration mechanism for e-commerce suppliers, operational GST Appellate Tribunal by October, and backlog appeal limitations until June 30, 2026, were also approved.
GST rate cuts done, but market guru Nilesh Shah has a 4-5 times bigger worry than Modi's 'diwali gift'
Nilesh Shah welcomes the GST slab simplification but cautions about the bigger challenge of household savings being diverted into speculative avenues like F&O and Ponzi schemes. He estimates that the misallocation of savings poses a significantly larger risk to the economy than the fiscal impact of the GST reforms.
Ek teer kai nishaan: Nilesh Shah of Kotak Mutual Fund on how GST 2.0 is step in right direction
Nilesh Shah, MD of Kotak Mutual Fund, praised the government’s GST reforms as ek teer kai nishaan, citing benefits like reduced inflation, higher growth, stronger consumer sentiment, and improved ease of doing business. He highlighted urgency in implementation, fiscal manageability, and the need to address fraud, speculation, and global tariff impacts.
Small and mid-cap firms lag behind large caps in Q1 earnings show
An ETIG analysis reveals that small and mid-cap firms underperformed large caps in the June quarter, with profit growth hitting multi-quarter lows. Large caps saw improved profit and sales growth, maintaining stable profit margins, while smaller firms experienced declines.
Solana (SOL) surges over 5.7% on CoinGecko and 6.6% on Kraken as momentum shifts back to altcoins—what this means for investors now
Solana (SOL) is surging again, jumping over 6% in a single day to reclaim the $210 level. The rally is fueled by heavy trading volumes, rising DeFi activity, and a fresh wave of investor rotation from Bitcoin into altcoins — making Solana today’s standout mover in the crypto market.
EAM Jaishankar assures ‘special attention’ to German companies investing in India
Speaking at a joint press conference with his German counterpart, Jaishankar reiterated that India remains fully committed to continuously improving the ease of doing business in this country and assured him minister that any concerns that German companies may have in India, coming to India, establishing themselves, working in India, New Delhi would be prepared to give it "special attention.”
Blackstone buys $819 million trophy Paris office
Blackstone confirmed on Wednesday it had bought a trophy office building in central Paris for about 700 million euros ($819 million), in a sign investors are warming to premium office properties after a post-pandemic drop in activity.
China's services activity growth hits 15-month high in August, private PMI shows
China's service sector experienced its fastest expansion since May 2024 in August, fueled by stronger domestic demand and a rebound in foreign orders, according to a private-sector survey. Despite this growth, service providers faced rising input costs, leading to staff reductions and pressure on profit margins. Overall business confidence improved with increased new business and activity.
ETMarkets Smart Talk: Indian bonds to gain global standing after rating upgrade, says Kashyap Javeri
Emkay Investment Managers' Kashyap Javeri believes India's sovereign rating upgrade and inclusion in global bond indices will attract significant foreign portfolio inflows, enhancing its standing among emerging markets. While short-term allocations depend on global factors, sectors with export exposure and companies benefiting from lower capital costs stand to gain. Automobile, CDMO Pharma, and capital goods sectors present exciting investment opportunities.
Hero MotoCorp shares in focus as August sales jump 8% YoY to 5.54 lakh units
Hero MotoCorp share price: The automaker reported an 8% YoY rise in August sales to 5.54 lakh units. Motorcycles and scooters both saw growth, while exports surged 72%. The company also highlighted steady electric sales and festive season optimism.
Major airports may soon face penalties if passengers face delay in baggage delivery, long check-in queues and more
To improve passenger experience, AERA proposes penalizing airports for service deficiencies like baggage delays and unclean facilities by reducing user development fees. The new performance standards aim for uniformity across major Indian airports, incorporating technology like Digi Yatra. These standards will be audited by a third party, categorizing airports based on passenger volume to ensure relevant service parameters and accountability.
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