Business

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17 September, 2026 Stock Market Updates: Sensex, Nifty open in red after Federal Reserve’s rate hike
17
Sep
By The Press Editor
Business

17 September, 2026 Stock Market Updates: Sensex, Nifty open in red after Federal Reserve’s rate hike

Indian equity benchmark indices, the Sensex and Nifty, started the trading session in the red amid mixed global cues as US equities closed sharply lower following the Federal Reserve’s rate hike. While the 30-share BSE Sensex shed 153.83 points or 0.20 per cent to start the session at 74,182.62, the Nifty opened with a drop of 22.35 points to 23,195.25. In the last trading session, the Sensex closed at 74,336.45 and the Nifty 50 at 23,217.60. Similarly, the broader indices traded in the red in the early trading session. The BSE Midcap Select Index fell 11.69 points, while the BSE…
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Govt cuts export levies on petrol, diesel and ATF for next fortnight | Check revised rates
17
Sep
By The Press Editor
Business

Govt cuts export levies on petrol, diesel and ATF for next fortnight | Check revised rates

New Delhi: The government has cut export levies on petrol, diesel and aviation turbine fuel (ATF), with the revised rates taking into effect from September 16 and remaining applicable for the next fortnight, according to notifications issued by the Finance Ministry, according to notifications issued by the Finance Ministry late Wednesday. Check revised rates here According to the latest notifications, the export levy on petrol has been reduced by Rs 1 per litre to Rs 0.5 per litre from Rs 1.5 per litre. The levy on diesel has been cut by Rs 5 per litre to Rs 20 from Rs…
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Hospital sector stock below Rs 300 in focus as firm expands footprint with 28-year agreement in Kanpur
16
Sep
By The Press Editor
Business

Hospital sector stock below Rs 300 in focus as firm expands footprint with 28-year agreement in Kanpur

Shares of hospital chain Park Medi World Ltd will be on investors' radar as the company has informed exchanges that it wholly owned subsidiary will operate and manage a 300-bed multi-super speciality hospital in Kanpur district of Uttar Pradesh. Amid this, the stock opened in the red at Rs 276.05, with a drop of Rs 3.2 or 1.14 per cent from the previous close of Rs 279.25 on the BSE. However, it gained to touch the high of Rs 281.05, representing a gain of Rs 1.8 or 0.64 per cent. However, the stock soon witnessed profit booking and dipped to…
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Adidas lays off 50% of its workforce at India HQ in Gurugram, 350 employees get exit letters
16
Sep
By The Press Editor
Business

Adidas lays off 50% of its workforce at India HQ in Gurugram, 350 employees get exit letters

Sportswear giant Adidas has reportedly laid off nearly half of its workforce at its technology hub in Gurugram, according to media reports. The Gurugram tech hub in Sector-32, which was launched in 2021 to attract and develop technology and engineering talent for Adidas products, had around 700 employees. The decision to lay off almost half of the workforce was announced by the Adidas management during a town hall held on Tuesday, September 15, following which the affected employees were handed exit letters. The layoffs, affecting roughly 45% to 50% of the hub’s workforce, include software engineers, data scientists and data engineers,…
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Renting vs buying a home: Which option makes more financial sense for you? Find out
16
Sep
By The Press Editor
Business

Renting vs buying a home: Which option makes more financial sense for you? Find out

The rent-versus-buy decision is often presented as a straightforward question of whether to own a home or keep renting. In reality, the financially sensible choice depends on income, location, property prices, loan rates, investment returns, expected tenure and the opportunity cost of the down payment. According to Sarika Shetty, CEO and co-founder of RentenPe, the right approach is to compare the total cost of ownership against the total cost of renting plus the potential investment of the difference.  Let's understand this with an example Consider a Rs 1 crore home. Assuming a 20 per cent down payment of Rs 20…
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No rollback on 0.4% UPI fee for merchant payments above Rs 2,000, say top govt officials
16
Sep
By The Press Editor
Business

No rollback on 0.4% UPI fee for merchant payments above Rs 2,000, say top govt officials

Amid opposition targeting the government for introducing a 0.4 per cent fee on UPI transactions above Rs 2,000, a top official said there is no question of rolling back the decision. "When a decision has been taken, the question of its rollback doesn't arise," a government official was quoted as saying by news agency PTI. The opposition has alleged that the government has bowed before "American imperialism" by introducing the MDR framework for UPI. The move would push up prices of most commodities, the opposition claimed. The BJP hit back, accusing the Congress of spreading "fake news" and saying that the government…
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Pakistan considers smart lockdown as diesel prices reach above Rs 415 per litre amid West Asia conflict
16
Sep
By The Press Editor
Business

Pakistan considers smart lockdown as diesel prices reach above Rs 415 per litre amid West Asia conflict

The Pakistan government is considering a series of measures, including a possible smart lockdown, to reduce petroleum consumption as fuel prices have risen sharply amid tensions in West Asia. Prime Minister Shahbaz Sharif held a meeting to review proposals to reduce fuel consumption in the transport sector. Several options involving both government and private sectors are being considered.  Pakistan government again increased the prices of petrol and diesel. According to a notification issued by the Petroleum Division on Tuesday night, the government has increased the price of petrol by Rs 4.10 per litre and high-speed diesel (HSD) by Rs 6.41…
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Is India’s premium housing market moving from bigger homes to better-led living? Here’s what experts say
16
Sep
By The Press Editor
Business

Is India’s premium housing market moving from bigger homes to better-led living? Here’s what experts say

India’s premium housing market is undergoing a subtle but significant transformation. For years, luxury in residential real estate was closely associated with larger homes, grand entrances, imported finishes and an extensive list of amenities. Today, while space still matters, affluent homebuyers are increasingly asking a different question: What does the home enable them to experience every day? This shift is visible across India’s major and emerging markets, where premium housing is increasingly being positioned around wellness, privacy, design, convenience, technology, open spaces and curated community experiences.  Recent industry reports and market commentary point towards the same direction, with buyers showing…
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Gold hallmarking fee hiked 67% ahead of festive season, what it means for buyers and jewellers
16
Sep
By The Press Editor
Business

Gold hallmarking fee hiked 67% ahead of festive season, what it means for buyers and jewellers

The Bureau of Indian Standards (BIS) has revised the gold hallmarking fee ahead of the festive season. Under the revised charges, hallmarking of gold jewellery will cost Rs 75 per article, up from Rs 45. This will be with a minimum charge of Rs 200 per consignment. The revised charges took effect on September 14, 2026. However, the good thing is that the hallmarking fee for silver articles has been retained at Rs 35 per article, with a minimum of Rs 150 per consignment. What is an article? In this context, an ‘article’ means one individual piece of gold jewellery…
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