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Pine Labs said the RBI deferred the September 15 deadline for merchant re-KYC by six months. Kush Mehra, CBO of Pine Labs, said, "We are fortunate that we will get an extension for about another six months to complete the process." This breather helps players manage the large merchant base.
India-listed US ETFs are trading at premiums as high as 65% over their indicative net asset value. This surge is driven by limited supply and strong demand for US equities. Experts warn investors to be careful, as Kirttan Shah said, "you may end up losing up to 50% on day 1."
Indian investors poured a record amount into mutual funds through monthly savings plans in August. Data showed SIP contributions rose 1.1% to ₹32,297 crore. Hiren Dasani said, "Retail investors are looking through near-term volatility and continuing to allocate to Indian equities for the long term." Equity fund inflows also jumped 18.8%.
Jefferies identified space, semiconductors, data centers, electronics, solar manufacturing, and aerospace as the six industries leading India's new industrial revolution. The brokerage firm said this large domestic opportunity is driving private sector participation. Government support, including tax holidays and incentive schemes, helped these sectors grow and show strong potential.
The Delhi High Court issued notice to the Delhi Commission for Women on September 9 regarding a labour dispute. Former supervisor Muneera challenged a Labour Court finding that the body is not an industry. She wants reinstatement and back wages after her role at Women’s Helpline 181 ended in 2019.
Anthropic researcher Evan Hubinger warned that AI could kill all humans, putting the likelihood at more than 10% over the next decade. He said the industry had yet to solve the problem of ensuring superintelligent AI remains aligned with human goals. Lawmakers are now pushing for new safety guardrails.
The National Stock Exchange will announce its IPO price band on September 11. The offer size got smaller and is now around Rs 23,000 crore. Many shareholders decided to sell fewer shares than planned. This change happened as the company prepared for its upcoming market debut later this week.
Nvidia said on Thursday it plans to expand data centre capacity in Australia to meet rising AI demand. The company aims to build 2 gigawatts of capacity by 2027 through local partnerships. Nvidia said, “Growing AI adoption across industries is increasing demand for high-performance computing,” to support local innovators.
Equity mutual fund inflows rose 19 percent to Rs 29,329 crore in August, according to AMFI data. Investors showed strong confidence as monthly SIP contributions hit a record Rs 32,297 crore. While equity schemes got more money, debt funds saw outflows of Rs 8,127 crore after a massive inflow in July.
Ultraviolette will invest Rs 1,000 crore to expand manufacturing in Karnataka and Tamil Nadu. The company plans to build a new facility in Hosur with a capacity of 2.5 lakh vehicles. CEO Narayan Subramaniam said, "We were looking at locations close to our R&D facility." This project creates many jobs.
Brent crude oil futures stayed above $100 a barrel on Thursday morning as tensions between the US and Iran escalated in West Asia. At 9.59 am, November Brent oil futures were at $101.04. President Donald Trump said, "I think war is going to end immediately after the election."
Apple officially launched the iPhone 18 Pro, with India included among the first-wave markets. The new Pro model starts at ₹1,64,900 in India. While the United States offers the lowest price at approximately ₹1,14,145, India remains the most expensive market. Apple said prices in India already include all applicable taxes.