business

Defence Ministry Signs Rs 586 Crore Deal for APUs for T-72, T-90 Tanks

Defence Ministry signs Rs 586 crore contract with Accurate Industrial Controls for indigenous APUs for T-72 and T-90 tanks, boosting operational readiness and defence self-reliance.

Asia REIT Market Grows 18% to $279.4 Billion, India Emerges as Key Growth Engine: Report

RBI Eases KYC Certification Rules for Foreign Portfolio Investors

Sensex, Nifty Rise in Early Trade as Crude Prices Ease; Realty, Auto Stocks Gain

Global Firms Race to Defend Against AI Cyber Threats With ‘Tsunami of Patching’

Global companies are racing to strengthen cybersecurity defences amid growing concerns over AI-driven cyber attacks. Citigroup CEO Jane Fraser described the effort as a “tsunami of patching” as firms prepare for increasingly capable AI models.

Gold Prices Rise 1.18% Weekly as Crude Oil Prices Ease

Gold prices rose nearly 1.18% on a weekly basis as crude oil prices retreated below $100 a barrel. The price of 24-carat gold increased to Rs 1,53,727 per 10 grams on Friday from Rs 1,51,938 a week earlier, according to IBJA data. MCX gold futures ended at Rs 1,54,263, while silver futures stood at Rs 2,42,000 per kg. Analysts identified Rs 1,54,000–Rs 1,54,700 as the immediate resistance zone for MCX Gold, with support at Rs 1,50,000–Rs 1,50,700.

A New Job Is an Achievement, Serving People Is Real Responsibility: Ram Mohan Naidu

Aviation Minister Ram Mohan Naidu said getting a new job is an achievement, but serving people is the real responsibility. Speaking during the 20th Rozgar Mela, he congratulated more than 51,000 youth receiving appointment letters across the country and urged them to continuously improve their skills and contribute to society. Petroleum Minister Hardeep Singh Puri also highlighted the role of young recruits in shaping India’s future amid technological, economic and governance changes.

US 100% Tariff Threat: India Should Pursue Calibrated Response, Say Experts

India should adopt a calibrated response to a new US law that allows the President to impose tariffs of up to 100 per cent on countries purchasing Russian oil and gas, experts said. Economist Manoranjan Sharma suggested that India seek product-specific exclusions, tariff-rate quotas, transition periods and a phased reduction in Russian crude purchases. Experts also called for stronger trade ties with the European Union, UK, Canada and Gulf economies, along with measures to support Indian exporters affected by potential US trade restrictions.

Tamil Nadu CM Vijay Urges PM Modi to Replace AAI as Chennai Airport Operator; CPI Opposes Move

Tamil Nadu CM C. Joseph Vijay has urged Prime Minister Narendra Modi to replace the Airports Authority of India (AAI) as the operator of Chennai airport, citing the need for improved passenger handling, aircraft movement and cargo capacity. The proposal comes after the state government dropped the planned Parandur greenfield airport project. Meanwhile, the Communist Party of India (CPI) has opposed the move, arguing that Chennai airport should remain under public-sector control and be modernised under AAI management.

NSE IPO GMP Crashes Over 60% From Peak Ahead of Dalal Street Debut

The grey market premium (GMP) of the National Stock Exchange of India (NSE) IPO has declined sharply ahead of its expected Dalal Street debut. According to GMP-tracking platforms, the premium fell to Rs 84 by 2 pm on September 19 from a peak of Rs 218 recorded on September 11, marking a decline of more than 61 per cent. The Rs 22,569-crore NSE IPO was fully subscribed on the second day of bidding, with the issue set to close on September 21. NSE has fixed the IPO price band at Rs 1,700-Rs 1,785 per share, with listing expected on September 24. GMP is an unofficial indicator and does not guarantee the listing price.