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India’s first quarter GDP growth reached 7.8 percent, beating market expectations. Industry leaders and economists welcomed the news, noting that strong domestic activity and government reforms fueled this rise. Experts said, "Sustaining a growth of almost in the region of 8 per cent will require stronger private investment and manufacturing momentum."
The Indian rupee is expected to start Tuesday little changed between 95.14 and 95.18 against the dollar. RBI intervention and positive momentum helped the currency, even as rising oil prices and U.S. Treasury yields created pressure. A trader said, "India's robust GDP numbers are certainly helpful, though only at the margin."
MediaTek shares jumped 10% in Taipei trading on Tuesday, September 1, after Nvidia invested $3.5 billion. This deal marks Nvidia’s largest direct investment outside the US. Rick Tsai, MediaTek’s chief executive, said the investment strengthened a collaboration spanning cloud AI infrastructure, local AI computing and automotive technology for their customers.
The Deepa Jewellers IPO opens for subscription today, September 1, with a price band of Rs 168-177 per share. Investors got a boost as the issue shows a 31% grey market premium. You can bid for 84 shares until September 3. The company aims to raise Rs 459.72 crore total.
Shares of ABH Healthcare and Madhur Knit will list on the NSE SME platform today, September 1. Grey market trends show a muted debut for both companies. Madhur Knit shares trade at a small premium of Rs 2, while ABH Healthcare shows a flat listing with a GMP of zero.
The White House said on Monday that Venezuela granted North American Blue Energy Partners 100-year concessions for 17 oil fields. The company got the rights to these fields and will pay $200 billion in royalty and taxes in the first 25 years. Many expect this deal to boost oil production.
Mahanagar Gas CNG price rises to ₹88 per kg in Mumbai from September 1. The company said it raised prices by ₹2 per kg for CNG and ₹1 per SCM for PNG. This hike happened because input gas costs got higher due to the ongoing crisis in the Middle East.
The Economic Times HR Excellence Awards 2027 honors companies that drive workforce performance through innovative people practices. The awards feature 30+ categories across three segments, including Organisation Excellence and Leadership Honours. These awards show how businesses can close the gap between their growth strategy and the talent needed to execute.
UK retailers raised prices at the fastest annual pace in more than two years in August. The British Retail Consortium said higher energy, commodity and input costs were increasingly feeding through into retail prices. Electronics also got expensive as the AI boom drove up demand for memory and storage components.
ONGC plans to invest $10.5 billion over five years to explore deepwater fields. Chairman A.K. Singh said, "India has significant untapped oil and gas reserves in deepwater blocks." The company will drill 87 wells by March 2031 to boost domestic output as production fell for the 11th consecutive year.
HSBC is competing with global private equity groups to acquire Nuvama Wealth and Investment Ltd. Current owner PAG revived attempts to sell its 54% stake, worth $1.8 billion, after a year. Many firms submitted non-binding bids last week. The company’s stock showed volatility, closing Monday at Rs 1,753 per share.
HDFC Bank faces leadership changes as the bank struggles with post-merger performance three years after the HDFC Ltd merger. Sunny Agrawal said: “The CEO uncertainty at HDFC Bank is overshadowing a more fundamental issue: the bank’s post-merger economics have not played out as expected.” Investors now wait for better returns.