A new bill could give President Trump the power to impose tariffs of up to 100% on countries buying Russian oil and gas, potentially affecting major importer India. DW has more.
Deutsche Welle16 Sept
MUMBAI: The National Stock Exchange of India (NSE) will launch its $2.3 billion public offering on Wednesday amid investor caution over capital market firms because of declining derivative trading volumes, which have already impacted the offer price. The IPO for India's biggest bourse - set to be the country's third-largest ever - will begin with anchor investor bidding from institutional funds and is an offer-for-sale from existing private shareholders with no new capital being raised. Open subscriptions will begin on Thursday and close on September 21. Investors are being asked to value the world's largest derivatives bourse at a time when its biggest growth engine is slowing down, raising questions about how much of the exchange’s extraordinary derivatives-driven growth can continue. The NSE shares will be offered in a price band of 1,700 to 1,785 Indian rupees ($17.72 to $18.60), valuing the company at $46 billion, public filings showed on September 11. However, that is 15% to 20% lower than the valuation sought in pre-deal roadshows, according to two sources with direct knowledge of the matter who spoke on condition of anonymity, and is 40% lower than what private markets sales of NSE shares in 2024 indicated. Investors are reluctant to pay higher prices because of regulatory changes that have slowed growth in options trading and an overhaul of trading rules to align Indian markets with global standards. The NSE gains 80% of its revenue from trading of which 60% is options trading and those volumes have dropped 27% from their peak in 2024. "NSE's high exposure to derivatives is a double-edged sword. Its dominant liquidity pool and scale are clear competitive strengths, but they also make earnings more sensitive to regulatory changes and shifts in trading activity," said Gary Tan, portfolio manager at Allspring Global Investments. Still, even at this valuation, NSE would be among the top 10 largest listed exchanges globally. At the lowered offer price, several global institutional investors, including sovereign wealth funds and long-only asset managers, have provided commitments, the two sources with knowledge of the matter said. That includes Abu Dhabi Investment Authority, Singapore's GIC, Fidelity, Carmignac, Norges Bank Investment Management and Life Insurance Corporation of India (LIC), they said. GIC, Norges, ADIA, Carmignac and Fidelity declined to comment when contacted by Reuters, while queries sent to LIC were not answered. In a press conference on Saturday, Sriram Krishnan, chief business development officer at NSE, pointed to a disconnect between the offer price and current shareholder expectations. "Some of the shareholders feel that the NSE's valuation is much more than the valuation at which we are proposing to do the IPO. To them NSE is more valuable. There is some money on the table, possibly." OPTIONS SLOWDOWN TESTS VALUATION The NSE has seen a bottom-line impact from its reduced derivative trading volumes. The exchange's revenue from operations fell 3.1% in the fiscal year ending March 2026, while profit dropped 15.5%. According to Bernstein, Indian equity derivatives volumes are entering a phase of normalisation and they forecast growth will slow to about 5% in the fiscal year ending in 2027 due to regulatory measures on options trading. Still, the NSE's IPO valuation implies a forward earnings multiple of 35 to 38 times FY2028 earnings, higher than the 23 to 31 times earnings global exchange operators Nasdaq, CME Group, Deutsche Börse, HKEX and LSEG currently trade. "The current pricing is factoring, options trading slowdown due to regulatory tightening and initial teething issues in the new mechanism to determine closing prices. Perhaps had the IPO launched at any other time, valuation could have been better," said Anubhav Dayal, founder of Hong Kong-headquartered fund manager Soach Global Corporation. His flagship fund is selling 20% of its NSE holding in the offering. In the past 15 months, the NSE has launched electricity futures, electronic gold receipts, natural gas futures and incorporated a national coal exchange. On Saturday, NSE's Krishnan pointed to these efforts as positives that outweigh any short-term concerns around derivative volumes. "In the longer term, there will be so much diversification of revenue and as a natural consequence people will forget this current focus on index options," he said. ($1 = 95.9500 Indian rupees)
From Delhi to New York, from the street to the bath house, he has captured clandestine moments, risked his freedom – and even referenced Romantic painters. Ahead of a major show, the photographer relives his landmark shots ‘I’ve been very promiscuous,” Sunil Gupta says, reflecting on his experiments with photography since the 1970s. Gupta, who was born in India, brought up in Canada and moved to the UK in 1978 after two years studying in New York, has documented and described queer lives for five decades. In his work, he’s quietly tried to find new ways of seeing, exploring the potential of photography to blur fiction and reality, public space and intimate, clandestine moments. His work explores the ways we love and relate to one another, set against the ever-shifting tides of politics and society. He photographs with love – but it hasn’t been without risk. An exhibition in India was once shut down by the government, and in his early days in the UK, when he was working with fellow photographer Tessa Boffin, he recalls curators “physically shrinking away when we walked in the room – two queers in leather were too much for them! But we were quite aggressively upfront with our sexualities, we weren’t shy about it.” Continue reading...
The Guardian•Charlotte Jansen16 Sept
Nifty may open on flat note as per sgx nifty around at yesterdays closing level. In yesterday session nifty down almost 500 points from opening level which is indicated much weakness in the index. Advance&decline ratio also indicated further weakness in the index so I am expecting nifty may take support around at 23050 levels in today session if nifty closed below this level on daily closing basis it will reach to 22400 in the upcoming days. India vix is spiked up to 10% in yesterday so volatility may increased in the nifty so investors traded with strict stop losses and also take position at support and resistance levels. Fed may hike rates in this policy meet and crude oil price are traded at peaks and also U.S declared 100% tariffs on Indian imports all these are negative for our market in the short term so better follow selling on rise strategy instead of buy on dips strategy. Nifty selling strategy : sell price :23320 stop loss :23420 target :23245 Nifty buying strategy : buy price :23050 stop loss :22945 target :23220 stock of the day :Kpit technology this stock has fallen from 2000 levels to 560 where it has good support on daily charts so I am expecting some technical bounce in this stock. Rsi indicates it is in the oversold zone so traders can buy this stock around these level with strict stop loss. Buy price :555 stop loss : 540 target : 583 Disclaimer : I am not a Sebi research analyst please take advise from your financial advisor before take any position based on my recommendation and drop a comment on my recommendation which is helpful me to correct my mistakes. Thanking for your support
With the Treebo deal off, Accor may have to to turn to an acquisition to replace the scale it lost and speed its path to 300 hotels in India.
Skift Airlines•Peden Doma Bhutia16 Sept
## Optiemus Infracom Ltd. (CMP ₹605.00, NSE: OPTIEMUS) **The SmartWay Research Desk | 16 September 2026** A Gurugram‑based diversified company, incorporated in 1993. Optiemus Infracom Ltd. operates across **telecom distribution, mobile handset manufacturing, electronics, and infrastructure services**. The company is known for its partnerships with global brands in smartphones and accessories, and has expanded into **electronics manufacturing services (EMS)** under the “Make in India” initiative. **Promoter Holding (Jun 2026):** **Ashok Gupta & Family — ~74.6% stake (no pledges)** --- ### FY22–FY26 Snapshot - **Revenue Growth:** FY26 revenue ₹3,242 Cr vs ₹2,812 Cr in FY25 (+15.3% YoY). → **Good** - **Net Profit:** FY26 PAT ₹212 Cr vs ₹182 Cr in FY25 (+16.5% YoY). → **Good** - **Operating Margin:** FY26 EBITDA ₹462 Cr, margin 14.3% vs 13.6% last year (+70 bps). → **Good** - **Equity Capital:** Stable, face value ₹10. → **Good** - **Dividend Policy:** Dividend ₹2.50/share declared for FY26. → **Good** - **Asset Building:** Investments in **EMS facilities and smartphone assembly plants**. → **Good** - **Sales:** Strong demand from **mobile distribution and electronics manufacturing**. → **Good** - **Expense:** Raw material and import costs remain elevated. → **Neutral/Good** - **EPS:** FY26 EPS ₹14.25 vs ₹12.20 last year (+16.8%). → **Good** --- ### Institutional Interest & Ownership Trends (Jun 2026) - **Promoter Holding:** ~74.6% (no pledges) - **FII Holding:** ~2.1% - **DII Holding:** ~3.4% - **Retail & Others:** ~19.9% --- ### Strategic Moves & Innovations - Expansion in **electronics manufacturing services (EMS)**. - Focus on **smartphone assembly and accessories distribution**. - Partnerships with **global brands for technology transfer**. - Diversification into **IoT devices and telecom infrastructure**. --- ### Cash Flow & Balance Sheet Strength - Market cap ~₹6,200 Cr. - Debt‑to‑equity ratio ~0.42 (moderate leverage). - Book value per share ₹142.00; P/B ~4.3. - EPS (TTM) ₹14.25; P/E ~42.5. --- ### Risk Factors - Very high **P/E ratio ~42.5**, valuations expensive. - Dependence on **smartphone demand cycles and global brand tie‑ups**. - Exposure to **import cost volatility and forex risks**. - Competition from Dixon Technologies, Amber Enterprises, and Foxconn India. --- ### Investor Takeaway Optiemus Infracom has delivered **robust FY26 performance**, supported by EMS expansion, smartphone distribution, and IoT diversification. With strong promoter backing (Gupta Family, 74.6% stake), dividend payouts, and leadership in electronics manufacturing, Optiemus remains a **mid‑cap EMS and telecom play**. At CMP ₹605.00, valuations are **expensive (P/E ~42.5, P/B ~4.3)**, reflecting growth expectations but also sectoral risks.
A viral video has captured the moment a car smashed into a woman riding a motorbike in India.
The Sydney Morning Herald16 Sept
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François Picard is pleased to welcome Anne Applebaum, staff writer at The Atlantic and author of Autocracy, Inc. According to Applebaum, the upheaval in American diplomacy and foreign policy transcends any one administration. She describes a full-fledged transformation in the way the United States exerts power, pivoting away from leadership of a democratic alliance and toward a transactional, mafia-style politics that fuses ideology, private economic interests, personal relationships and geopolitical leverage.
Sheikh Hasina’s iron-fisted, 15-year rule ended in August 2024, when she fled her palace by helicopter for neighboring India, where she remains in hiding.
Rice and lentils are a pairing that goes a long way back, whether as khichdi in India or mujaddara in the Middle East. On its own, each is a source of incomplete protein, short on certain essential amino acids—but paired together, they fill each other's gaps, and lentils also blunt white rice's high glycemic index.
Sanju Samson's half century helps India seal three-match series with wins in first two games.
Al Jazeera15 Sept
Like the Shanghai Cooperation Organization, BRICS, the global grouping of emerging markets and developing countries, is intent on diminishing Western influence over the world economy. And just like the SCO summit earlier in September, the latest conclave of BRICS leaders fell short of presenting a united front against the West, the United States in particular. Both the SCO and BRICS include China, India, Iran and Russia as permanent members. Among the four, India, the host nation for this edition of the BRICS annual summit, has acted as a brake…
Curtiss-Wright today announced the expansion of its Bangalore, India Shot Peening facility with the addition of advanced thermal spray services, including plasma, HVOF and flame spray processes, materials testing and analysis, and engineering support. The expansion will provide aerospace, defense, power generation, automotive, and industrial customers in India access to Curtiss-Wright Surface Technologies’ extensive surface-engineering
Countries: India, Myanmar Source: UN High Commissioner for Refugees Please refer to the attached file.
ReliefWeb•UN High Commissioner for Refugees15 Sept
Have you ever found your lawn riddled with holes or heard a little sneeze from your backyard bushes? Those are signs you might have a resident bandicoot. Bandicoots are nocturnal, rabbit-sized marsupials known for their pointy snouts, thin tails and large hind feet. Due to these features, they were originally misnamed after a type of rat from India, the pandi-kokku, or "pig-rat" (Bandicota sp.).
India will impose a 0.4% merchant fee on certain payments made through UPI starting October 15.
TechCrunch•Jagmeet Singh15 Sept
Companies are boosting datacenters and fossil fuels and together manage $7.3tn in investments The energy portfolios of 20 private equity firms produce 1.5bn tons of greenhouse gases a year, more than the annual emissions of any country except China, the US, India and Russia, according to a new report. Together, these firms manage $7.3tn in assets of all kinds, affording them the ability to shape the pace of the transition away from fossil fuels. However their energy investments include significant fossil fuel assets including natural gas and coal-fired power plants to provide electricity to datacenters. Continue reading...
The Guardian•Sara Sneath15 Sept
Follow our live build-up, team news, predictions, score, photos and live text commentary stream in New Delhi.
Al Jazeera15 Sept
LNG demand in China, India, and Pakistan is expected to rebound after the US-Iran conflict ends. Crude oil reaching a new all-time high by December 31 at 16% YE.
CryptoBriefing•Estefano Gomez15 Sept