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Front PagePure PoliticsCompanies: Pursuit of ProfitThe Edit PageAround the WorldBrands & CompaniesET Markets
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Smart InvestingEconomy: Macro, Micro & MoreET PanacheSports World PlayDisruption: Startups & Tech
Smart InvestingEconomy: Macro, Micro & MoreET PanacheSports World PlayDisruption: Startups & Tech
Smart InvestingEconomy: Macro, Micro & MoreET PanacheSports World PlayDisruption: Startups & Tech

1Front Page

Banks in partnership with fintechs are aggressively pushing a new type of credit card backed by the user’s own deposits, allowing untapped sections to get access to the payment instrument.

Consumer goods companies have requested the government to let them sell their current stock with the existing packaging material but at a lower price than the printed MRP, once the new GST rates become effective on September 22.

India is readying a big-ticket infrastructure push, focusing on large projects with long gestation periods. Officials said mega projects like bullet train corridors, large shipbuilding yards, multiple ports and access control highways, in line with the infrastructure vision for Viksit Bharat 2047, will be given on fast track.
Foreign portfolio investors (FPIs) could be allowed easier entry into India, with the capital markets regulator set to consider an ‘automatic window’ for them at its board meeting this week, analogous to the diplomatic channel at airports, said people with knowledge of the matter.

2Pure Politics

The art of staying positive despite anything or everything comes naturally to some people, especially politicians. Just taking a gander at the ruling class will make one realise how this bunch oozes optimism.

Karnataka Governor Thaawarchand Gehlot has nominated four members to the Karnataka Legislative Council, according to a gazette notification issued on Sunday.

India and Iran will hold foreign office consultations this week in Tehran to boost ties. This will follow Saturday’s telephone conversation between the national security advisers of the two countries.
With just about 35,000 of over 23 lakh eligible central government employees having switched so far to the Centre’s flagship Unified Pension Scheme (UPS), the government is pinning big hopes on the UPS rules notified last week, especially with several sweeteners now thrown in.
Around 18 migrant hawkers, residents of Murshidabad district of West Bengal, have been allegedly detained at Nagar police station in Uttar Pradesh’s Basti district after being labelled as Bangladeshis.
Today is a very special day for those passionate about Indian culture and music – it is the birth anniversary of Bhupen Hazarika, also marks the start of his centenary celebrations.
A mock voting demo will be held on Monday at the Central Hall of Samvidhan Sadan in the Parliament complex to help the Opposition INDIA bloc MPs get accustomed to voting procedures for Tuesday’s vice-presidential election.
Ganesh festival culminated on a teary note for lakhs of devotees who bid farewell to the adorable elephant-headed god they consecrated and worshipped for ten days, while at least seven persons died in various incidents, including drowning, after immersing idols in Maharashtra and Madhya Pradesh.
With just a day left for the vice-presidential election, two fence-sitters BJD and BRS are likely to abstain as they want to maintain equidistance from both the BJP-led NDA and the Opposition’s INDIA bloc.
J&K Lieutenant Governor Manoj Sinha on Sunday called on the scientific community to explore possibilities of developing soil sensors using nanotechnology for the Himalayan region, as part of an early warning system to address the dangers of landslides.
Prime Minister Narendra Modi on Sunday asked BJP MPs to be more refined in their conduct as parliamentarians, do their own research and homework before participating in parliamentary debates and engage in government programmes and schemes.
The fifth edition of Sagarmatha Friendship, a joint military exercise between Nepal Army and the Peoples Liberation Army of China kicked off in Kathmandu on Sunday.
Bengal’s amateur radio operators, the state’s invisible first responders during cyclones and floods, are caught in a “nationality certificate” linked tangle that threatens to choke the supply of new licencees, sparking alarm in disaster-management circles.
AIMIM chief Asaduddin Owaisi has announced his party’s support for the Opposition’s VP candidate B Sudershan Reddy.
The apex body of the Lingayats has asked members of Karnataka’s dominant community to identify themselves as Veerashaiva-Lingayat in the upcoming socio-economic survey in the state, as the politically influential community pushes for recognition as a separate religion distinct from the Hindus.
Internal fissures are growing in the banned Jamaat-e-Islami (JeI) in J&K as a group headed by old guard stalwart Ghulam Mohammed Bhat is trying to capture the organisation, according to officials here.
More than 2.43 lakh of the total 10.04 lakh applications for enrolment to the electoral rolls have been rejected with the highest number of rejections reported from the bordering districts of North 24 Parganas, Murshidabad and South 24 Parganas districts, as per data from the West Bengal chief election officer’s (CEO) office.
Ahead of Prime Minister Narendra Modi’s likely visit to Manipur, former chief minister N Biren Singh and 22 other BJP MLAs held a meeting with governor Ajay Kumar Bhalla on Sunday, fuelling speculation about the formation of a new government in the state currently under President’s rule.
A Maoist commander with a bounty of ₹10 lakh was killed in an encounter with security forces on Sunday in the Chaibasa area of West Singhbhum district in Jharkhand. Police identified the Maoist as Amit Hansda, also known as Apatan and Chandramohan Hansda.
​As poll-bound Bihar readies for publication of its final electoral roll, nearly 5% of the electors in Bihar are estimated to have submitted documents of proof other than the 11 documents prescribed by the Election Commission (ECI) in its June 24 order, as of last week, ET has learnt.

3Companies: Pursuit of Profit

First the firm’s founders started bickering over the economics, delaying the much-hyped deal. Once that got settled, up popped a small shareholder, who sought a disproportionate reward for what he claimed was his due for his hands-on involvement, especially during the formative years.

Hyundai Motor India on Sunday said it has reduced prices of its entire model range by up to Rs 2.4 lakh to pass on the GST rate cut to customers. The price cut, ranging between Rs 60,640 on Verna to Rs 2.4 lakh on premium SUV Tucson, will be applicable from September 22.

Health experts have raised serious concerns over the government's decision to reduce GST on beedis from 28% to 18% while other tobacco products remain in the highest 40% slab.
Increased frequency of extreme weather events, including heatwaves, landslides and floods, has spurred Indian conglomerates such as Larsen & Toubro (L&T), RPG Group and Vedanta to strive for new sustainability milestones.
The hike in platform fees by Zomato, Swiggy and magicpin ahead of the festive season is set to make ordering food costlier for millions of users across the country, which is likely to rise further due to the 18 per cent GST levy on delivery charges from September 22.
The Soybean Processors' Association of India (SOPA) has urged the government to increase import duty on edible oils by at least 10 per cent to protect farmers from sluggish domestic prices that have discouraged cultivation.
The position of general counsel or head of the legal department, once viewed as a specialised, behind-the-scenes role at corporate India, is transforming. Lawyers are now taking on key operational mandates, rising to become business unit heads, chief operating officers and even chief executives.
Europe’s dairy and poultry producers are having a moment as the global trend toward high-protein diets intensifies, in a stark contrast with Big Food’s struggle to revive volumes.
Mining conglomerate Vedanta Ltd in its winning bid for debt-laden Jaiprakash Associates Ltd (JAIL) has offered Rs 4,000 crore payment post approval by NCLT and the balance amount over the next 5-6 years, sources said.
E-commerce marketplaces and quick commerce platforms are reaping the gains of heavy monsoon rains this year with many consumers preferring to stay in the comfort of their homes while purchasing new products.
No solitary, no mosquitoes, no overcrowding, perhaps a bed, open-air privileges, someone to possibly converse with and a garbage-free cell. If he so wishes, Mehul Choksi could also indulge in pursuits as varied as badminton, chess and carrom.
Quick-commerce platforms are set to bolster their temporary workforces by 40-60% this festive season to cope with a likely surge in demand, according to staffing and recruitment services firms.
The infrastructure collapse in Gurgaon has put a brake on real estate sales, with developers and brokerage firms reporting a sharp dip in site visits by buyers.
Given the expectation of benign inflation, there may be a shortfall in nominal GDP growth compared to the Budget estimate of 10.1 per cent for the current financial year, Chief Economic Adviser V Anantha Nageswaran said.

4The Edit Page

In the past decade, plastic pollution has become one of the most visible environmental issues worldwide. Every year millions of tonnes of plastic enters the ocean, affecting marine life and coastal communities.

It will take a few weeks and months to know whether Donald Trump’s statement affirming the ‘special relationship’ between India and the US was mere verbal gymnastics or represented a reversal of his thinking on India.

Apropos ‘...But FMCG Firms Want More Time to Clear Old Stock’ by Sagar Malviya and Ratna Bhushan (Sep 6), the FMCG industry’s concern is genuine, as goods already priced under the outgoing GST regime cannot be relabelled overnight, and a transition window is justified.
The amusement and annoyance over his coarse theatrics, threats on X, and delusions of winning a Nobel mask the real danger: Donald Trump may set a nasty template that other countries may find tempting.
Bhupen Hazarika’s 1952 song ‘Bistirno Parore’ (On Your Wide Banks) is not just a song but a confrontation with the indifferent flow of history.
Running has become a habit. Not only during the day but also in the night, in our sleep and dreams. That is why it is good to practise ‘stop running’, to sit down, doing nothing, just feeling you are home and you want to rest.
Let’s address the elephant-sized scroll bar in the room: long articles don’t automatically earn respect. They earn skipped paragraphs, and turning of the page. Somewhere along the way, op-ed writers began believing that seriousness is measured in word count.
Social media had a field day last week as Delhi-NCR Gurgaon in particular collapsed yet again under incessant rains. Gurgaon, the poster boy of urban dysfunction and in many ways a mirror of India itself, turned into a cruel parody: flooded roads running alongside gleaming glass towers, lux apartments marooned in knee-deep water, and corporate hubs transformed into islands.
Unambiguous benefit GoI has taken a big step toward a simpler rate structure by eliminating the 28% and 12% slabs, and folding cesses on some goods into a ‘sin’ rate of 40%. It has also taken a major step towards tax fairness.
Satellite communications services are about to be launched in India with major global players — Starlink, Eutelsat, SES and Kuiper — in various stages of preparations.

5Around the World

US President Donald Trump with attorney general Pam Bondi and special administration envoy Steve Witkoff before the start of the men's singles final between Carlos Alcaraz and Jannik Sinner at the US Open.

Israel again called on Hamas to surrender on Sunday, as the military carried out strikes on Gaza's largest urban centre where hundreds of thousands of Palestinians are seeking shelter.

Boko Haram militants killed dozens of people in a nighttime assault on a village in northeastern Nigeria that is home to residents who had recently returned from a camp for internally displaced persons, authorities said.
Russia launched its largest air attack of the war on Ukraine overnight, setting the main building of the Ukrainian government on fire in central Kyiv and killing at least two people in the capital including an infant, Ukrainian officials said on Sunday.
Keir Starmer told his new cabinet to step up a gear and deliver for the British people as he seeks to fend off the rise of Nigel Farage’s populist insurgent Reform UK Party.
Japanese Prime Minister Shigeru Ishiba said on Sunday he had decided to resign, ushering in a potentially lengthy period of policy paralysis at a shaky moment for the world's fourth-largest economy.
Anutin Charnvirakul took office as Thailand’s new prime minister after King Maha Vajiralongkorn endorsed the conservative politician’s appointment on Sunday, two days after he won a parliament vote.
President Luiz Inacio Lula da Silva said Brazil can govern itself without foreign interference and condemned local politicians encouraging “attacks” on the nation.
British police said on Sunday they had arrested almost 900 people at a demonstration the previous day in support of Palestine Action, and the government appealed for people to stop demonstrating in support of the banned campaign group.
Hundreds of firefighters battled new wildfires in Portugal and Spain on Saturday, civil protection authorities said, capping a summer marked by devastating blazes across the region.
Undersea cable cuts in the Red Sea disrupted internet access on Sunday across parts of Asia, including India, raising concerns of sabotage though the cause wasn’t immediately clear.
President Donald Trump's administration plans to target more businesses for immigration enforcement after a raid on a Hyundai facility in Georgia led to hundreds of arrests, a top White House official said on Sunday.
A top aide to U.S. President Donald Trump who is on his short list to be the next chair of the Federal Reserve said on Sunday that the central bank should be "fully independent of political influence," including from Trump.
U.S. President Donald Trump said on Sunday he is ready to move to a second phase of sanctioning Russia, the closest he has come to suggesting he is on the verge of ramping up sanctions against Moscow or its oil buyers over the war in Ukraine.
The US and Europe are discussing a new round of sanctions and secondary tariffs on Russia, hoping that a Russian economic “collapse” will bring Vladimir Putin to peace talks with Ukraine, Treasury Secretary Scott Bessent said.
More than 300 South Korean workers detained following a massive immigration raid at a Hyundai plant in Georgia will be released and brought home, the South Korean government announced Sunday.
It took just a few eventful weeks for President Donald Trump’s family to rack up about $1.3 billion from two crypto ventures, each less than a year old.

6Brands & Companies

Veteran ad man Sandeep Goyal is said to be in active talks with global bankers and potential alliance partners to buy out Dentsu’s global business. The global advertising business of Dentsu, excluding Japan, has been put on the block by the Japanese advertising major recently.

Air India CEO Campbell Wilson has said the recent spate of technical snags and diversions were “entirely normal” for an airline of its scale. He instead pointed to operational gains such as on-time performance crossing 80% in August and a widening domestic network with new flights to Jaisalmer, Dehradun and other cities.

India is emerging as a promising destination for long-term real estate investment, said David Steinbach, global chief investment officer at Hines, a US-based real estate investment manager.
Luxury retailers and brands are expecting a double-digit uptick in sales this festive season over last year, backed by a longer wedding season and the launch of more India-specific collections. Retailers said the GST rate cuts should also help boost sales with more discretionary money in hands of customers.
Neighbourhood grocers, traditional distributors of fast-moving consumer goods as well as quick commerce platforms are refusing to accept large supplies from companies as they don’t want to be saddled with unsold stock at current prices ahead of the revamped goods and services tax (GST) rollout on September 22, executives said.

7ET Markets

Nifty ended the week with gains as it bounced back from the key support levels of around 24,400, but it could struggle to cross the threshold of 25,000. Analysts caution that volatility may persist as the index consolidates below 25,000 level, making stock-specific strategies more effective than index-based bets.

Financial services continued to bear the brunt of foreign selling in August, with overseas investors offloading ₹9,817 crore worth of shares in the second half after dumping ₹13,471 crore earlier in the month, NSDL data show.

OPEC+ agreed to accelerate the return of another chunk of oil that it’s been withholding from the market, as the group sticks with a strategy of prioritising market share over prices.
South Korea’s LG Electronics is preparing to launch the initial public offering (IPO) of its Indian arm in October, said banking sources in the know. The consumer electronics major plans to sell shares worth ₹15,000 crore through the issue, making it the largest IPO of 2025 so far.
As India produces more millionaires than ever, a new question looms large: where will they park their wealth, families and futures? For many, the answer lies in golden visas — residency-by-investment programmes — that promise mobility and security. But just as demand from Indians is peaking, the global landscape is shifting.

8Smart Investing

National Pension System (NPS) helps you to save tax in several ways. There are only Ten NPS fund managers at present and the table below compares their performance. The data has been provided exclusively to ET.

Nifty completed its initial upswing target of 24,900 in a gap-up opening post GST cut tailwind. However, all its gains were given up slowly by the end of trade. For past 2 consecutive days, Nifty has been opening with a gap-up yet closing flat due to intraday volatility.

Japanese markets face the prospect of more instability as investors prepare for the departure of Prime Minister Shigeru Ishiba and the guessing game of who comes next.
Central banks have slowed their gold purchasing, reflecting a cautious approach as they navigate geopolitical uncertainties and elevated bullion prices. However, the long-term trend of diversifying reserves away from US assets remains intact, according to experts.
Private sector banks reported declining net profit year-on-year for the second consecutive period in the June quarter amid dwindling net interest income whereas their public sector counterparts continued to report double digit growth for the sixth consecutive quarter.
Institutional lending to stockbrokers and brokerage firms surged 28% in 2024-25, reflecting higher trading activity and rising investor participation in equities market.
Gujarat-based Supreet Chemicals, a specialty chemical intermediates manufacturer, has filed a draft red herring prospectus (DRHP) with the Securities & Exchange Board of India for a ₹499 crore Initial Public Offering (IPO).
JSW Energy, Adani Power and Vedanta are among more than a dozen companies that have expressed interest in acquiring GVK Energy’s 330 MW Alaknanda hydro power project in Uttarakhand, according to people familiar with the matter.
The latest reforms in goods and services tax are expected to unlock fresh credit demand, particularly in the retail and micro, small and medium enterprises (MSME) segments.

9Economy: Macro, Micro & More

The 13th round of the India-EU free trade agreement (FTA) negotiations will be held in New Delhi starting Monday. European Commissioner for Trade and Economic Security, Maroš Šefcovic, is also expected to visit India later this week as both sides attempt to finalize the trade pact by the end of the year.

Heavy to very heavy rainfall likely over Rajasthan and Gujarat till September 8 with possibility of extremely heavy falls at isolated places over Rajasthan & south Gujarat

Steel industry stakeholders will gather on Monday to discuss ways to ensure the sector's growth using artificial intelligence (AI) in value chain, financing for green transition and increasing raw material availability.
The Indian Railways is likely to operate the first Vande Bharat Sleeper service, the longer distance variant of its modern semi-high-speed trains, from the national capital.
After the big-bang Goods and Services Tax reform, experts batted for increased thrust on process reforms with focus on ease of doing business and deregulation to put India on a sustainable high growth trajectory.
India has cautioned against weaponising export-related measures or misusing them to create artificial scarcity, distort markets or disrupt supply chains at a meeting of the Shanghai Cooperation Organisation (SCO), the government said Sunday.
Bidkin Industrial Area in Maharashtra has attracted marquee investments worth ₹76,219 crore, with companies like Ather Energy, Lubrizol, Toyota Kirloskar, and JSW Green Mobility setting up operations.

10ET Panache

The economic slowdown in Botswana is a sharp reversal from just a few years ago for the nation that once had the world’s richest diamond deposits.

Petr Kellner Jr cemented his place among Europe’s richest heirs after he agreed to sell his 10 per cent stake in investment firm PPF Group to the rest of his family recently. He’s now worth $1.7 billion, according to the Bloomberg Billionaires Index, which valued his stake for the first time.

While it is a normal healthy response, getting emotional at work can feel unexpected, intense and out of character.
The price of a trophy office that Blackstone recently acquired in central Paris, underscoring its confidence in the European office market.

11Sports World Play

The Indian men's compound archery team created history by winning its maiden gold medal at the World Championships, beating France in the final here on Sunday.

Dilpreet Singh scored a brace as a dominant India defeated defending champions South Korea 4-1 to win the men's Asia Cup hockey tournament after a hiatus of eight years and qualify for next year's FIH World Cup, here on Sunday.

Max Verstappen claimed a dominant victory at the Italian Grand Prix on Sunday ahead of McLaren's title contenders Lando Norris and Oscar Piastri, after a dramatic start and end to the race at Monza.
U.S. Open champion Aryna Sabalenka may be nicknamed "The Tiger", but her New York triumph on Saturday was less about raw aggression and more poise, as the world number one steadied herself and regrouped in key moments to claim a fourth Grand Slam title.

12Disruption: Startups & Tech

Roblox announced a new short-form video content application and an earnings increase for creators at its developers conference on Friday, looking to ride the wave of strong engagement and lure new users to the videogame platform.

Meta is reportedly hiring contractors in the United States at rates of up to $55 (around Rs 4,850) per hour to develop Hindi-language AI chatbots designed for Indian users.

A nine-member Indian semiconductor and vision hardware consortium, led by Kaynes Semicon and including Netherlands-headquartered NXP Semiconductors as well as Centre for Development of Advanced Computing (CDAC), has landed contracts to supply over half a million fully indigenous dash and surveillance cameras by the end of this fiscal year, a senior company executive told ET.
Indians who have applied for US student or visitor visas overseas in countries such as Vietnam, Thailand and even Europe to bypass long interview waitlists at home, are facing yet another challenge with the latest Department of State (DoS) directive issued on September 6.
Edtech unicorn Physics Wallah has filed an updated draft red herring prospectus (DRHP) for its initial public offering with the Securities and Exchange Board of India, proposing to raise ₹3,820 crore, including ₹3,100 crore through an issue of fresh shares.
Venture Catalysts, a Mumbai-based multi-stage venture investing platform, has raised ₹150 crore (around $18 million) through an equal mix of primary and secondary transactions.
Armen Kirakosian remembers the frustrations of his first job as a call centre agent nearly 10 years ago: the aggravated customers, the constant searching through menus for information.
Oravel Stays, the parent company of hospitality startup Oyo, on Sunday said it has changed its name to Prism.
The government is planning to fast track approval of the next iteration of India Semiconductor Mission (ISM 2.0) with a cabinet note expected to be tabled by the end of October, government officials and industry executives said.
India’s technology outsourcing industry, the world’s biggest by some distance, is taking a bold new sales approach to deepen their client relationships.
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