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The Reserve Bank of India expanded KYC documentation options for Foreign Portfolio Investors at rural and urban co-operative banks. FPIs can now submit certified copies of their documents instead of showing originals in person. This change, effective September 18, brings FPIs the same facility already used by many NRIs and PIOs.
Green SM launched its electric cab service in Delhi-NCR on June 5. The Vietnamese company started with 1,000 electric vehicles and plans to scale to 10,000. Unlike Uber or Ola, it uses a company-controlled fleet. This new player aims for the premium segment, focusing on its own VinFast electric cars.
Indian government bonds held their ground on Monday as lower oil prices countered domestic supply issues from RBI bond sales. The benchmark 6.94% 2036 bond yield stayed at 7.0614% by 11:00 a.m. IST. Alok Singh said, "Markets will remain rangebound, though oil prices are down even as the war has escalated."
HSBC reiterated a "Buy" call on UltraTech Cement with a target price of ₹14,200 on Monday, September 21. The brokerage said September cement price increases should help the company manage rising costs. HSBC expects the firm to keep growing faster than the industry, ensuring its premium valuation stays strong for investors.
Thomas J. Watson Jr. led IBM’s massive shift from punched-card machines to electronic computing. After becoming president in 1952, he oversaw a $5-billion investment in the System/360 computer family. This bold move changed the company’s future, as he pushed IBM into a new era while moving past older data-processing systems.
Complete Sports and Management India Ltd secured a Rs 24 crore order on Monday to build India’s first and largest indoor go-karting track. The company will handle the design and construction of this facility. This project shows how indoor entertainment is getting popular as more people look for fun experiences.
Microsoft CEO Satya Nadella will attend a White House state dinner for Chinese President Xi Jinping on September 24. He joins other tech leaders like Tim Cook and Sam Altman. The event brings these executives together as they debate how to manage the future of artificial intelligence and its global regulation.
Taxpayers who received dividend income during FY 2025-26 must file an ITR to claim a TDS refund if their total income stays below the basic exemption limit. Experts said, "In case you wish to claim a refund of the tax deducted at source, you will have to file your ITR."
The FSSAI is testing an AI tool to flag food safety violations on e-commerce platforms. CEO Rajit Punhani said, "We have a collaboration with Meity where the AI tool will automatically inform us of any violation." The regulator now monitors dark stores and cloud kitchens to ensure better public safety.
A failed EMI payment can result in penalties and lower credit scores, as lenders report such details to credit bureaus. Borrowers often face bounce charges between ₹300 and ₹1,200. While some lenders offer a short grace period for one-time misses, persistent delays can lead to legal action and recovery proceedings.
Bangladesh raised fuel prices by up to 17.4% on Monday to stem losses from surging global oil costs. This move puts fresh pressure on consumers and businesses already struggling with power shortages. The government said the hike could cut annual losses by 100 billion taka and help conserve foreign exchange reserves.
Choice Institutional Equities issued a buy recommendation for Jeena Sikho Lifecare with a target price of Rs 1000. The company plans to scale its Ayurveda healthcare model by adding up to 10,000 beds in five years. Management expects strong revenue growth and high profit margins as they expand their wellness offerings.