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BloombergQuint | Latest and Live Business, Market, Political and Economy News - Economy
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Tax Tweak Could Deliver Margin Bonanza For Indraprastha Gas, Says Motilal Oswal Maintaining 'Buy'
As per media reports and our channel checks, Indraprastha Gas Ltd. could see a potential Ebitda/standar cubic metre upside of 16-20% due to a change in the tax rate on gas sourced from Gujarat (official confirmation is awaited). Moreover, IGL could see Ebitda margin benefits of Rs 0.7-1.3/scm from Petroleum and Natural Gas Regulatory Board’s move to a two-zone tariff regime. We have a Buy rating on IGL.
Global Fintech Fest 2025: From Smart Glasses Payment To Aadhaar Face ID, Big UPI Updates Rolled Out
The Reserve Bank of India (RBI) and Department of Financial Services (DFS) launched new digital payment features at the Global Fintech Fest 2025 aimed at making transactions simple, secure and convenient as well as accessible.
Vodafone Idea Share Price Slips Lower Ahead Of Supreme Court Hearing
The shares of Vodafone Idea slipped over 1% ahead of the Supreme Court hearing. The SC earlier this week had deferred the hearing on a plea filed by the company against the duplication of AGR dues. The top court will now hear the matter on Oct. 13. Solicitor General Tushar Mehta had requested the apex court to postpone the matter till next week.
Stock Market News Live: Nifty Above 25,100, Sensex Trades Flat; Titan Top Gainer, IGL Share Price In Focus
Good morning! Welcome to NDTV Profit's live coverage of the Indian equity markets. Here we bring you real-time updates, sharp analyst insights, top stock picks, and all the market-moving news you need. Stay tuned and stay ahead of the curve.
The Future Of India's Efforts To Trade In Local Currency
Indi has often opted for pragmatic adjustments to serve its national interests. Some outstanding examples are the 1991 economic reforms, the 2016 demonetization, and the response to the 2019 COVID pandemic. Another good example is the way India is promoting its international trade in local currency.
Qatar Airways Faces Wrongful Death Lawsuit After 85-Year-Old Passenger Chokes On Non-Vegetarian Meal
Qatar Airways is facing a wrongful death lawsuit in the United States after an 85-year-old passenger, a strict vegetarian, reportedly choked and died mid-flight after being served a non-vegetarian meal.
LG Electronics IPO: Check Day Two GMP, Subscription And Other Details
LG Electronics India Ltd.'s initial public offering was subscribed 1.51 times as of 11:07 a.m. on its second day of bidding on Wednesday. The issue will close on Oct. 9, 2025. The IPO will only comprise offer for sale of up to 10.18 crore equity shares. The price band for the issue is set at Rs 1,080-1,140 per share.
Cristiano Ronaldo Becomes Football's First Billionaire — Where Does Messi Stand?
Cristiano Ronaldo is known for breaking records after record on the football pitch. Now, the Portuguese forward has achieved another milestone, but this time off the pitch, as he is now the first footballer to become a billionaire, ahead of Lionel Messi. According to the Bloomberg Billionaire Index, which is valuing Ronaldo's wealth for the first time, the footballer's net wealth has climbed to $1.4 billion, making him the first athlete in the sport to achieve that status.
A Single ‘Find My iPhone’ Ping Unravelled the UK’s Biggest Phone Theft Ring
Hey Siri, find me the latest nearest iPhone smuggling ring! That may or may not have been the prompt when a person tracked his stolen iPhone through the Find My iPhone app to a warehouse of London's Heathrow Airport, ending up uncovering what police have called UK's largest-ever smartphone theft ring, reports Apple Insider.
'Buy' Medanta Shares Maintains Motilal Oswal; Target Of Rs 1,590
Medanta owner Global Health Ltd. has been making inroads into a new territory and establishing healthcare ecosystem in that territory. This is not only beneficial to patients (as they get enhanced healthcare services), but also enables Medanta to build a sustainable brand franchise in the long term. We expect a CAGR of 15%/18%/25% in revenue/Ebitda/PAT over FY25-27, largely driven by the number of patients being treated.
Tata Capital IPO: Check Day Three GMP, Subscription Status And More
Tata Capital's initial public offering was subscribed 87% on Wednesday as of 10:48. The company is looking to raise more than Rs 15,000 crore, comprising a fresh issue of up to 21 crore equity shares aggregating up to Rs 6,846 crore.
Telecom PSU Stock ITI Up 20% In Over A Week As BSNL Accelerates 5G Push
Public sector telecom company ITI Ltd. share price has jumped nearly 20% in over a week as its major client Bharat Sanchar Nigam Ltd. plans to accelerate transition to 5G in the country. ITI share price advanced 12.6% intraday to Rs 365 apiece on Wednesday, compared to a flat Nifty 50.
Tata Trusts Leaders Dial Government As Rift Widens Over Governance And Board Control
Top Tata Trusts leaders have dialed the government as internal tensions widen within one of India’s most powerful philanthropic and corporate institutions. Amid escalating discord among trustees, the Centre has taken cognisance of the rift and advised Tata Trusts to maintain institutional stability and resolve differences internally, sources told NDTV profit.
Rubicon Research IPO Opens On Oct. 9: Latest GMP Signals Over 16% Listing Gain, Check Key Details
Pharmaceutical formulation company Rubicon Research Ltd. is set to launch an initial public offering (IPO) on Oct. 9 to raise over Rs 1,000 crore from the primary market. Ahead of its listing, the grey market premium (GMP) indicated a premium of over 16% for the issue. Investors who want to bid for shares in the IPO must check the following details before making an investment call.
BMW Ventures Share Price Hits Lower Circuit After Lacklustre Listing
BMW Ventures shares hit had the lower circuit as it slipped below Rs 65.17. The D-Street debut was subdued with the shares settling at Rs 80 on the BSE and Rs 78 on the NSE, below the issue price of Rs 99. This marks a decline of approximately 19.2% on the BSE and 21.2% on the NSE. The initial public offering of BMW Ventures was oversubscribed 1.5 times on the third and final day of bidding on September 26.
Supreme Court Moved For CBI Inquiry Into MP Children’s Deaths Linked To Cough Syrup
A PIL has been filed before Supreme Court seeking CBI investigation into the death of children in Madhya Pradesh after allegedly consuming cough syrup, as per ANI. The PIL filed by a lawyer seeks a retired Supreme Court judge-monitored probe and inquiry into the manufacture, regulation, testing and distribution of contaminated cough syrups.
OpenAI Agent Builder, Part Of AgentKit, Launched To Help Create AI Agents Faster
OpenAI has launched AgentKit, a set of tools that will help developers and businesses build and deploy AI agents. Part of AgentKit is a new tool called Agent Builder, which helps create and version multi-agent workflows.
ED Conducts Search Operation Across 15 Premises Over Multi-Million Dollar Tech Support Scam
The Directorate of Enforcement, Delhi Zonal Office, is currently conducting a major search operation across 15 premises situated in Delhi, Noida, Gurugram, Haryana, and Mumbai. This search is in connection with a sophisticated Tech Support Scam, as per NDTV. The enforcement action, which commenced on Oct. 7, stems from an investigation initiated under the Prevention of Money Laundering Act.
US Real Estate Tycoon Donald Bren Disowns Son Over Alleged ‘Ultimate Man Cave’ Scam
America’s wealthiest real estate mogul, Donald Bren, has reportedly disowned his 33-year-old son, David Bren. The decision follows accusations that David defrauded investors of more than $2 million with a business promoted as the “ultimate man cave” for the ultra-wealthy.
US Agency Ends Universal Covid-19 Vaccine Recommendation, Leaves Decision To Patients
The Centers for Disease Control and Prevention (CDC) has implemented recommendations from a newly appointed panel of vaccine advisers. The agency will no longer recommend Covid-19 vaccinations for all Americans, leaving the decision to individual patients.
LG Electronics IPO Day One, Check GMP, Subscription And Other Details
LG Electronics India Ltd.'s initial public offering was subscribed 0.07 times as of 10:55 a.m. on its first day of bidding. The issue will close on Oct. 9, 2025. The IPO will only comprise offer for sale (OFS) of up to 10.18 crore equity shares. The price band for the issue is set at Rs 1,080-1,140 per share.
Mumbai Metro Line 3 Final Phase To Open On Oct. 8: Full List Of Stations From Cuffe Parade To Science Centre
Mumbai Metro Line 3 (Aqua Line) is scheduled to fully open on Oct. 8. It is the city’s first underground metro line and is also known as the Colaba-Bandra-Seepz line. The upcoming final stretch of this metro line runs from the Science Centre in the north to Cuffe Parade in the south. It covers 11 key stations in South Mumbai. The first stretch of this metro line was inaugurated in October last year. It connected Bandra-Kurla Complex (BKC) to Aarey.
PM Modi To Visit Maharashtra On October 8-9 — Check Full Schedule And Key Details
Prime Minister Narendra Modi will visit Maharashtra on October 8-9 to inaugurate various projects worth nearly Rs 57,000 crores in and around Mumbai. According to an offical statement from the PMO, Prime Minister Modi will reach Navi Mumbai at around 3 p.m. on Wednesday and will undertake a walkthrough of the newly built Navi Mumbai International Airport. Thereafter, at around 3:30 p.m., PM Modi will inaugurate Navi Mumbai International Airport and also launch and dedicate various projects.
Stock Market Live: Nifty At 25,100, Sensex Up 200 Points; Trent Down Over 2%, WeWork IPO GMP In Focus
The GIFT Nifty was trading near 225,100 early Tuesday. The futures contract based on the benchmark Nifty 50 fell 0.09% at 25,156 as of 6:46 a.m. indicating a tepid start for the Indian markets. The benchmark indices on Monday extended their winning streak for the third consecutive session, closing in the green. The Nifty 50 closed 0.74% higher at 25,077.65 while Sensex closed 0.72% higher at 81,790.12.
Aditya Birla Capital Shares At Record High — Should You Buy, Hold Or Sell?
Aditya Birla Capital Ltd. share price hit a life high of Rs 307.8 on the NSE during early trade on Tuesday. The stock rose 1.2%, marking a sixth consecutive session of advance. The market cap also touched Rs 80,000 crore. The stock has risen 24% in the last 12 months and 72% on a year-to-date basis.
PM Modi Recalls Becoming Gujarat CM 25 Years Ago, Shares Mother's Words Of Wisdom
Prime Minister Narendra Modi on Tuesday reminisced about the day he was sworn in as the Chief Minister of Gujarat for the first time in 2001. In a series of posts on X, the Prime Minister shared memories of his early days as Chief Minister and his mother’s words of advice before he assumed office.
NCP Leader Bhujbal Highlights Fund Crisis, Claims 'Ladki Bahin' Straining Other Schemes
NCP leader and Maharashtra Food and Civil Supplies Minister Chhagan Bhujbal said on Monday that the Majhi Ladki Bahin scheme is affecting the implementation of other government schemes and that all departments under the state government are facing a funds crunch.
Supreme Court Seeks Centre’s Reply On Plea Questioning Legality Of Securities Transaction Tax
The Supreme Court on Monday agreed to examine the constitutional validity of the Securities Transaction Tax (STT)- a levy imposed on the purchase and sale of securities through recognised stock exchanges in India. A Bench led by Justice JB Pardiwala issued a notice to the Union Finance Ministry on a petition filed by Aseem Juneja, a stock market trader, who has challenged the legality of STT, calling it unconstitutional and violative of basic taxation principles.