Hyundai Motor India and Tata Motors have announced significant price reductions across their vehicle ranges, passing on the benefits of the recent GST cuts to customers. Hyundai has slashed prices by up to Rs 2.4 lakh, while Tata Motors is reducing commercial vehicle prices by up to Rs 4.65 lakh.
PhysicsWallah, the edtech platform, has filed updated draft papers with Sebi to raise Rs 3,820 crore through an IPO. The IPO includes a fresh issue of shares and an offer for sale by promoters Alakh Pandey and Prateek Boob. The funds will be used for physical infrastructure, technology, marketing, and investments in subsidiaries, aiming to…
South Korea and the United States finalized an agreement for the release of South Korean nationals detained during an immigration raid at a Hyundai plant in Georgia. Over 300 South Koreans were among the 475 individuals taken into custody during the operation, which targeted a plant under construction for electric vehicle battery production.
VinFast has officially entered the Indian market, introducing its VF 6 and VF 7 electric SUVs assembled in Tamil Nadu. The company aims to establish a comprehensive ecosystem beyond just selling cars, including e-buses, e-two-wheelers, and e-taxis. Vingroup, VinFast’s parent company, is also exploring smart city projects and plans to expand its production capacity and…
ONGC has partnered with Mitsui OSK Lines to operate two VLECs for importing ethane to OPaL’s Dahej facility. The vessels, costing $370 million, are expected to be ready by mid-2028. This move addresses a supply gap arising from revised LNG contract terms with Qatar, ensuring a steady feedstock supply for OPaL.
Finance Minister Nirmala Sitharaman is confident that increased consumption following GST rate cuts will offset the estimated revenue shortfall of Rs 48,000 crore. She anticipates the GST overhaul and strong Q1 GDP growth will boost the economy, potentially exceeding the projected 6.3–6.8% growth for FY26. The government aims to maintain its fiscal deficit target of…
Foreign Portfolio Investors withdrew Rs 12,257 crore from Indian equities in early September, extending outflows driven by a stronger dollar and geopolitical tensions. High valuations and slowing corporate earnings in India also contributed to this risk-off sentiment. Massive domestic institutional buying enabled FPIs to exit at high valuations and redirect funds to cheaper markets.
At the SCO trade ministers’ Meeting, India cautioned against misusing export measures to create artificial scarcity and distort markets, advocating for transparent and calibrated use to maintain trust in international commerce. India addressed trade deficits by urging greater market access and simplified trade processes.
Internet services faced disruptions across Asia and the Middle East due to severed undersea cables in the Red Sea. The incident impacted connectivity in countries like India and Pakistan, with potential increased latency in the Middle East. While the cause remains unclear, the disruption raises concerns amid regional conflict, though Houthi rebels have denied involvement.
Indian stock market sentiment this week hinges on global cues, foreign investment, and inflation data. Analysts anticipate a cautiously optimistic opening, focusing on consumption and capital expenditure sectors. Key events include Indian and US inflation figures, the ECB interest rate decision, and Japan’s Q2 GDP, all influencing market direction.
