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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.
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.
NPCI is examining protocols to authorise AI agents on UPI, said chairman Ajay Kumar Choudhary. The framework aims to enable autonomous payments on the network. "NPCI is also examining the protocols that may be required to identify and authorise digital agents," Choudhary said at the Global Fintech Fest 2026.
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.
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.