Business Standard

#ONGC plans to drill 87 deep and ultra-deepwater wells over five years as it seeks to arrest declining domestic #crudeoil and #naturalgas production. The management, however, did not clarify whether the investment of ₹20,000 crore per year would be entirely funded by the company or would also include the government’s share. https://mybs.in/2g8c3iI | Shubhangi Mathur

Electric commercial vehicle manufacturers face compliance challenges with upcoming PM eDRIVE localisation mandates set to take effect from Tuesday. Citing supply disruptions of rare earth magnets from China, SIAM has requested a seven-month extension on motor component deadlines until April 2027. Read more: https://mybs.in/2g8c3XY | Deepak Patel

The #NiftyMidcap and #Smallcap indices outperformed the #Nifty50 index by 14 percentage points and 21 per centage points respectively at the peak levels in calendar year 2026, shows data. Taking into consideration, December 31, 2025, close as the base date for Nifty 50, Nifty Midcap 100 and Nifty Small Cap 100 indices, an investment of ₹100 in each of three indices would be worth ₹92.16, ₹106.18, ₹112.52, as of August 31, 2026. Details by Rex Cano & Puneet Wadhwa 👇 https://mybs.in/2g9ARtH

#UPI transactions reached a record high of 24.51 billion in August 2026, totaling ₹29.82 trillion. The latest milestone data was released on Tuesday by the National Payments Corporation of India (#NPCI) This was the second consecutive month in which UPI posted a record transaction volume, after clocking 23.66 billion transactions worth ₹29.88 trillion in July. In value terms, the record so far was in May, when transactions worth ₹29.9 trillion were recorded. https://mybs.in/2g9ARt6 | Shine Jacob

India’s gross GST collections rose 14.8% year-on-year to nearly ₹2 trillion in August. Despite the annual growth, monthly revenue dipped sequentially from July’s ₹2.11 trillion. https://mybs.in/2g9ARt4 #GST #GSTCollection #Finance | Krity Ambey

Reporters' Diary: 35 years of Reforms Concluding a month-long series on the 35th anniversary of India’s 1991 economic reforms, Business Standard highlighted the transformation through interviews with key bureaucrats, business leaders, and sector analyses. Following a webinar with reform architect Montek Singh Ahluwalia and industrialist Naushad Forbes, the series wraps up with the newspaper's writers and reporters sharing their behind-the-scenes experiences. Sept 03 | 2PM IST https://mybs.in/4bjU Archis Mohan Avik Das Gulveen Aulakh Shine Jacob Asit Rathi #IshitaAyanDutt Sohini Das | Nivedita Mookerji 

India’s private sector #manufacturing activity expanded at its slowest pace in five years in August as weak demand slowed sales, output and hiring, a private survey showed on Tuesday. HSBC’s India Manufacturing Purchasing Managers’ Index (PMI), which tracks monthly changes, fell to 52.8 in August from 53.5 in July. The reading was the lowest since August 2021 (when it was 52.3) and also below the index’s long-run average of 54.2. https://mybs.in/2g9ARsx #ManufacturingPMI #PMI #ManufacturingSector | Auhona Mukherjee

#BSEditorial | Driven by strong manufacturing, service, and investment performance, India's #GDP grew by 7.8% in #Q1FY27 despite #WestAsia supply disruptions, though persistent geopolitical risks, #inflation, and a subdued primary sector pose challenges ahead. https://mybs.in/2g8c3iJ

In his 21-year-long career with the Argentina national team, Messi went on to break multiple records that would be hard to match or break for generations to come. Details: https://mybs.in/2g9ARsU #LionelMessi #Football #Argentina | Aditya Kaushik

The Maharashtra FDA seized ₹75.52 lakh worth of major-brand packaged foods in Navi Mumbai. The operation exposed a racket altering product manufacturing and expiry dates on thousands of cartons. Details by Sarjna Rai 👇 https://mybs.in/2g9ARri #FoodSafety #MaharashtraFDA