News

India’s ‘Next-Gen’ GST reforms, effective September 22, simplify tax rates into two main slabs—5% for essentials and 18% for standard goods—while luxury items remain at 40%. The overhaul aims to improve the ease of doing business and stimulate domestic demand. here

RailTel

CLSA maintains an ‘underperform’ rating on Asian Paints with a target price of ₹1,927.

Macquarie on Tata Com

Gujarat Gas shares are in focus as the company holds a shareholders’ meeting on September 17 to approve the merger of GSPC and GSPL into Gujarat Gas, previously approved by their boards. here

The RBI has issued new guidelines to regulate payment aggregators, effective immediately, classifying them into three categories based on their operations. here

Brokerage firm JPMorgan maintains an overweight stance on United Breweries with a target price of ₹2,050.

HSBC On Cement

HSBC On OMCs

Jefferies On Pharma

Jefferies On Data Centre

The Department of Financial Services (DFS) Secretary M. Nagaraju urged insurers to actively promote GST-exempt insurance policies to ensure policyholders benefit from recent reforms during a meeting with Insurance Regulatory and Development Authority of India (IRDAI) and industry leaders on September 15. here

Gold reached a new record above $3,685 an ounce as markets priced in a US Fed rate cut and weaker dollar. Investors also await the Fed’s economic forecasts and Chair Powell’s press conference. here

JPMorgan will reduce the weight of top issuers, including China and India, in its GBI-EM Global Diversified bond index from 10% to 9% in H1 2026, shifting flows toward smaller emerging markets. here

Most market participants (96.2%) expect a 25 bps rate cut by the US Fed on September 17, which could pave the way for a potential repo rate cut by the RBI in its upcoming policy review. here

India and the EU will hold the 14th round of FTA talks in Brussels from October 6–10, with both sides aiming to agree by year-end. India seeks access for labour-intensive goods, while the EU focuses on automobiles and liquor. here

Two days before it is anticipated to vote in support of lowering its main interest rate, the Senate has confirmed one of President Donald Trump’s top economic advisers for a position on the Federal Reserve’s governing board, giving the White House more power over the central bank.

The 48-47 vote to affirm Stephen Miran was mostly party-line. Last week, the Senate Banking Committee confirmed him, with all Democrats voting against him and all Republicans voting in favour.

Urban Company’s shares will list on the BSE and NSE today (September 16) at 10 am, with analysts expecting a 40-50% premium due to strong investor demand. The ₹1,900-crore IPO was oversubscribed 103.63 times. here

Donald Trump has called for ending mandatory quarterly earnings reports, suggesting companies report every six months instead. The SEC has required quarterly reporting since 1970. here

Asahi India Glass Ltd has launched a QIP to raise funds, with a floor price of ₹844.79 per share set as per SEBI’s pricing norms. here

Bitcoin, launched in 2008 under Satoshi Nakamoto’s pseudonym, is the first cryptocurrency. It operates on a blockchain — a public digital ledger that records every transaction, ensuring transparency and traceability. Along with Ethereum, it remains a key player in the crypto space, delivering strong returns to investors. here

Canara HSBC Life Insurance has received SEBI’s final observations, enabling it to file an updated DRHP for its IPO. The issue, first filed in April, is an offer-for-sale of up to 23.75 crore shares with no fresh issue. here

Nifty is likely to stay in consolidation as investors await the US Fed’s policy outcome, with markets expecting a 25 bps rate cut after weak jobs data and pressure from the US administration. here

Six upcoming IPOs are set to raise at least ₹9,000 crore, adding to the ₹75,000 crore already mobilised by 55 firms this year, with more offerings in the pipeline. All six will list on NSE and BSE. here

Enam Holdings’ Manish Chokhani warned that global markets are entering a new phase where capital is rotating into hard assets like gold, real estate, infrastructure, and commodities, marking the end of a decade driven by cheap money and tech stocks. here

Asian stocks opened higher, tracking Wall Street’s record highs, as investors awaited a likely US Federal Reserve rate cut this week. Japan, Australia, and South Korea gained, while the MSCI Asia-Pacific Index hovered near its peak. here

GIFT Nifty flat, indicates a muted start for the Indian market

Oil prices steadied after recent gains, with Brent above $67 and WTI near $63, as markets weighed the risk of new EU sanctions on firms linked to Russia’s oil trade against concerns of oversupply. here

Sanghvi Movers, Adani Enterprises, NCC, Mishra Dhatu Nigam and Transrail Lighting stocks are in focus with large order wins. here

Euro Pratik Sales’ ₹451.3 crore IPO opens on September 16 and closes on September 18, with a price band of ₹235–?247 per share. The issue is entirely an offer-for-sale by promoters. here

The S&P 500 closed above 6,600 for the first time, while the Nasdaq 100 extended its winning streak to nine sessions, the longest since 2023, driven by gains in big tech and a rebound in Nvidia. The Dow ended flat. here

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