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BUSINESSSep 18Mazagon Dock moves into merchant shipbuilding with ₹15,000-crore yard in Andhra’s DugarajapatnamMDL is to invest ₹15,000 crore over five to seven years and the project is expected to create 45,000 direct and indirect jobsThe Hindu
BUSINESSSep 18Walgreens to set up Global Capability Centre in Chennai, create over 250 jobs in first yearThe proposed GCC will focus on technology and business servicesThe Hindu
BUSINESSSep 18Uzbekistan to Outsource Management of $72 Billion Foreign ReservesUzbekistan's Central Bank is planning a structural shift in how it handles the country's wealth. As of September 1, 2026, foreign exchange reserves reached $72 billion, and the regulator now intends to move these assets toward external management. From Custody to Yield The current model of reserve accumulation is transitioning. While the $72 billion balance was built through foreign currency sales and economic growth, the Central Bank aims to move beyond mere stockpiling. The goal is to shift from a passive holding strategy to an active investment approach. Starting September 1, 2026, specialized funds will take over the management of these assets. These funds will deploy capital into diversified financial instruments to generate returns, effectively turning the reserve fund into an active investment portfolio.pravda_ru · russia
BUSINESSSep 18Is India’s secondaries market hitting an inflection point?An inquiry is raised about whether India's secondaries market is reaching a critical turning point. This suggests a potential significant shift in investment trends within the country.Yahoo Finance
BUSINESSSep 18An intense boardroom battle is brewing at India's giant Tata GroupIn 10 years, India's leading multinational conglomerate, the Tata Group, is facing a new power struggle between the chairman of Tata Sons and Tata Trusts.CNBC
BUSINESSSep 18India news: Long queues hit stores as new iPhones go on saleThe iPhone 18 has gone on sale in India, drawing huge queues across the country. Meanwhile, the Election Commission has barred both Trinamool factions from using the party's name in by-elections. Follow DW for more.DW News [en]
BUSINESSSep 18India’s crude oil imports in August fall 3%, import bill rises 18%India’s net spend on oil and gas stayed nearly flat in August at $9.3 billion.The Hindu
BUSINESSSep 18US pharmacy giant Walgreens to open tech centre in Chennai, 250 jobs expected in first yearUS healthcare and pharmacy company Walgreens has signed an MoU with the Tamil Nadu government to establish its first India Global Capability Centre in Chennai. The facility, planned at DLF Downtown in Taramani, is expected to create over 250 jobs in its first year.news9live · india
BUSINESSSep 18How Looming US Sanctions Test IndiaThe passage of the Lindsey Graham Act in the House and Senate allows President Trump to impose tariffs of up to 100 percent on exports from India to the US.The Diplomat
BUSINESSSep 18Kearney study recommends measures to improve Tamil Nadu’s fiscal capacityThe State’s core challenge is not that it borrows too much, but that it collects and spends less efficiently than comparable large States, the study saysThe Hindu
BUSINESSSep 18T.V.S. Credit Ordered to Return Tractor or Pay ₹2.45 Lakh to Farmer<p>HYDERABAD: The District Consumer Disputes Redressal Commission, Nalgonda, has directed T.V.S. Credit Services Limited to return a tractor to an agriculturist or pay ₹2.45 lakh with 9% annual interest if it has already sold or transferred the vehicle to a third party. The commission found deficiency in service in the financier’s repossession and sale of [...]<content:encoded><![CDATA[<strong>HYDERABAD:</strong> The District Consumer Disputes Redressal Commission, Nalgonda, has directed T.V.S. Credit Services Limited to return a tractor to an agriculturist or pay ₹2.45 lakh with 9% annual interest if it has already sold or transferred the vehicle to a third party. The commission found deficiency in service in the financier’s repossession and sale of the tractor. The commission passed the order on September 2, 2026, in Consumer Complaint No. 34 of 2025. Chittipolu Amarender, 45, of Sunkenpally village in Chityal mandal, filed the complaint. The Nalgonda district administration lists Sunkenpally as a village under Chityal mandal. The complaint involved tractor TS-05-EA-0920. Amarender said he bought the tractor for ₹2.45 lakh for agricultural work. T.V.S. Credit Services sanctioned a loan of ₹2,33,966 on July 18, 2023. The repayment schedule covered 12 quarterly instalments over three years. According to the order, Amarender paid ₹52,000 towards the first instalment. He later defaulted on the remaining payments. Amarender alleged that representatives of the financier took the tractor from his house on August 30, 2024. He said they did so in his absence and without following the required procedure. T.V.S. Credit Services disputed the allegation. The company told the commission that Amarender voluntarily surrendered the tractor after repeated defaults. It said it issued a pre-sale notice on August 31, 2024. The financier also said it sold the tractor through an online bidding process on September 24, 2024, for ₹1.70 lakh. It later sought ₹52,983 from Amarender as the balance amount. <h3>Commission cites failure to follow seizure procedure</h3> The commission examined the repayment schedule, loan agreement, notices, medical records and other documents submitted by both sides. It found that the financier did not produce evidence showing that Amarender had voluntarily surrendered the tractor. It also found no material to establish that the financier followed the prescribed procedure while taking possession of the vehicle. The commission referred to the procedure governing the seizure of financed vehicles. It said the financier failed to show that it had complied with those requirements. The commission also relied on a National Consumer Disputes Redressal Commission ruling on forcible repossession. It held that field personnel cannot take possession of a financed vehicle without following the required procedure. The commission therefore held T.V.S. Credit Services Limited liable for deficiency in service and unfair trade practice. The commission dismissed the complaint against the Regional Transport Authority, Nalgonda. <h3>Financier barred from recovering ₹52,983 sale loss</h3> The commission directed T.V.S. Credit Services to return tractor TS-05-EA-0920 to Amarender if it has not transferred the vehicle to a third party. Amarender can then continue paying the remaining loan instalments. If the financier has already transferred the tractor to a third party, it must pay ₹2.45 lakh to Amarender. The amount will carry 9% annual interest from August 30, 2024, until realisation. The commission also awarded ₹20,000 as punitive damages and ₹1 lakh as compensation for mental agony. It directed the financier to pay another ₹10,000 towards legal expenses. The commission further directed T.V.S. Credit Services not to recover the ₹52,983 loss-on-sale amount from Amarender. ]]>hyderabadmail · india
BUSINESSSep 18Infosys Allots 44,116 Equity Shares Under Employee Stock PlansInfosys has allotted 44,116 equity shares of ₹5 each pursuant to the exercise of Restricted Stock Units by eligible employees under its 2015 and 2019 stock...psuconnect_in · india
BUSINESSSep 18NLMC to hold investor meets in Visakhapatnam, Vijayawada and Hyderabad before e-auction of 459 RINL plotsThe 456 HB Colony house plots and three Auto Nagar parcels go under the hammer on RailTel’s platform on October 12 and 16; EMD is ₹2 lakh a plotThe Hindu
BUSINESSSep 18Bail out or downsize? Malaysia’s stark choice as AirAsia losses mountMalaysia could struggle to preserve some domestic air links if low-cost carrier AirAsia is forced to scale back operations, analysts have warned, as rival airlines would have little commercial incentive to take over unprofitable routes. That reality could leave the government facing a stark choice: allow domestic flight services to shrink or step in with subsidies for essential routes, rather than assuming competitors will automatically fill any void left by the country’s largest budget...South China Morning Post
BUSINESSSep 18iPhone 18 Pro and iPhone 18 Pro Max go on sale in IndiaApple on Friday commenced the sale of iPhone 18 Pro and iPhone 18 Pro Max in India. These phones can be purchased on Apple’s India store and its six retail outlets across the country.The Hindu
BUSINESSSep 18Homestay: Charting a smooth path for hosts & guests in KarnatakaAs homestays mushroom across Karnataka’s tourist destinations, safety concerns and unauthorised establishments are putting the sector under scrutiny. The Tourism Department is now moving to streamline registrations, tighten regulations, and bring a new Bed & Breakfast policy, writes Rashmi PatilThe Hindu
BUSINESSSep 18Union Cabinet approves ₹24,815 crore multi-tracking projects across 15 districts in U.P., Andhra PradeshThe existing Indian Railways network will increase by about 601 km; the ₹14,926 crore Ghaziabad-Sitapur project is crucial for improving connectivity between the northern and eastern regions of the countryThe Hindu
BUSINESSSep 18Union Cabinet approves new railway lines at a cost of ₹9,889 crore in Andhra PradeshThe 198-km-long third and fourth lines between Rajahmundry and Visakhapatnam is expected to improve connectivity to major ports, boost access to tourist destinations, and lead to an additional freight traffic of 29.04 million tonnes per annumThe Hindu
BUSINESSSep 18ED raids 7 locations in Jharkhand State Co-op bank 'fraud' caseThe case is related to alleged large-scale fraud committed by businessman Sanjay Kumar DalmiaThe Hindu
BUSINESSSep 1825 years on, Konaseema Railway Line project yet to get on trackThe ambitious 57-km Kotipalli–Narsapur railway line—which includes three bridges across the mighty Godavari River—still hangs fire 25 years after its foundation stone was laid. Locals rue successive governments’ silence on bringing a train to Konaseema, with many blaming lack of political will among the elected representatives from the Godavari region, despite severe losses to trade, commerce, tourism, and connectivity. T. Appala Naidu explores the reasons behind the project’s delay.The Hindu
BUSINESSSep 18As oil tops $100, India needs a wider, smarter fuel security strategyRising oil prices necessitate energy supply diversification and alternate fuel adoption. India is urging the auto industry for flexi-fuel vehicle timelines and promoting ethanol blending. Exploring iso-butanol and methanol blending offers further emission reduction and import substitution. Second-generation biorefineries are crucial for scaling up compressed biogas production. Strategic oil reserves and domestic exploration are also vital for energy security.economictimes_indiatimes · india
BUSINESSSep 18Carrefour marks major comeback in India after 12-year absenceAfter reopening its first hypermarket in the suburbs of New Delhi in mid-August, the French retailer plans to operate 50 stores across India by 2030, where the supermarket model remains in the minority.Le Monde [en]
BUSINESSSep 17Prasanna Kumar Acharya is new CMD of NLCILPrasanna Kumar Acharya has been appointed as the new Chairman and Managing Director of NLCIL. This is a routine announcement of a leadership change within a company.The Hindu
BUSINESSSep 17Harvard executive education programme to be offered in Hyderabad from December: RevanthHarvard's executive education program is set to be offered in Hyderabad starting in December, as announced by Revanth. This represents an international expansion of the university's educational services.The Hindu
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