Author: Ansh Singh

New Delhi: Elon Musk’s fortune has experienced one of the most dramatic swings in billionaire history in 2026. After losing hundreds of billions of dollars during a sharp market decline, Musk’s wealth rebounded strongly as investors regained confidence in Tesla and SpaceX. According to figures reported in August, Musk’s fortune increased by around $202 billion during the month, reaching roughly $892 billion. The jump followed a major fall in July, showing just how closely his wealth is now tied to the value of his companies. The biggest reason is SpaceX. SpaceX completed a historic IPO in June, raising around $85.7…

New Delhi: On September 7, the Nifty 50 fell 0.5% to 23,779.15, while the Sensex declined by a similar amount to 76,132.81. Both benchmarks slipped to their lowest levels in around six weeks. Over the previous four weeks, the Nifty had fallen about 2.7%, while the Sensex had lost around 2.5%. The biggest pressure came from the IT sector. The Nifty IT index fell about 2.3% as investors reacted to stronger-than-expected US employment data. The data raised expectations that the US Federal Reserve could keep interest rates higher for longer or even consider another rate increase. That matters for Indian…

New Delhi: India’s banking system is facing an unusual liquidity situation. The Reserve Bank of India (RBI) is moving aggressively to absorb surplus cash after liquidity in the financial system rose to unusually high levels. Recent estimates put the surplus at around ₹6.65 lakh crore, creating a major challenge for the central bank as it tries to keep short-term interest rates stable. The situation is closely linked to a sharp increase in foreign-currency deposits. Large inflows into FCNR(B) deposits have brought substantial foreign money into India’s banking system. According to recent estimates, the RBI may need to drain as much…

Ahmedabad, September 5: Vinod Texworld Limited, an integrated textile manufacturer engaged in the production, processing and supply of dyed and printed fabrics and trading of textile products, announced the opening of its Initial Public Offering (IPO). The Issue will open for subscription on Wednesday, September 9, 2026 and will close on Friday, September 11, 2026. The Company is proposed to be listed on the NSE Emerge platform. The Issue Price has been fixed at Rs. 94 per equity share and the total Issue Size is Rs. 42.83 crore. IPO to open from September 9 to September 11, 2026; Issue Price…

New Delhi, September 04, 2026 – KP Group, one of India’s established renewable energy groups, continues to strengthen its position through consistent project execution, expanding operating capacity and the development of integrated capabilities across the renewable energy value chain. Founded in 1994, KP Group has built its business over more than three decades by converting renewable energy opportunities into commissioned assets, long-term power projects and sustainable operating businesses. The Group’s journey has been shaped by measurable delivery across solar, wind, hybrid power, battery energy storage, operations and maintenance, power evacuation infrastructure and renewable energy trading. The performance of KP Group’s…

New Delhi: Mukesh Ambani-led Reliance Industries is exploring a possible entry into the aluminium business, opening a new chapter in the group’s long-running strategy of moving into large, capital-intensive industries. The plan is still at an early stage and has not been finalised. However, people familiar with the matter have said Reliance is evaluating opportunities in aluminium production, including the possibility of connecting the business with its planned coal-gasification operations in Andhra Pradesh. The move is significant because Reliance has historically entered industries where scale, infrastructure and long-term capital can create a strong competitive advantage. The group has already transformed…

New Delhi: The company’s board approved a proposal in July 2026 to raise up to ₹15,000 crore through a Qualified Institutional Placement (QIP) or other permitted methods. At the same time, Adani Power proposed increasing its overall borrowing limit from ₹75,000 crore to ₹1 lakh crore. Shareholders subsequently approved the higher borrowing limit. The fundraising plan comes at a time when India’s power sector is entering another major investment cycle. Electricity demand is rising because of industrial activity, urbanisation, data centres, electric mobility and the wider digital economy. Adani Power is already one of the country’s largest private-sector power producers,…

Surat, September 3: World Talent Organization USA (WTO USA) has appointed Primex Group as its Official Partner for India Operations, strengthening its presence in the country and expanding initiatives linked to The Brand Bharat and International Business Certification. Under the leadership of Founder Nitesh Desai, Primex Group will support the coordination and development of designated WTO USA initiatives across India, including building relationships with businesses, entrepreneurs, professionals and institutions. The appointment follows the recent launch of The Brand Bharat, an international business recognition and certification initiative introduced by WTO USA to recognise and promote Indian businesses and entrepreneurs and provide…

New Delhi: The Islamabad High Court (IHC) has directed authorities at Adiala Jail in Rawalpindi to ensure that former Pakistan Prime Minister Imran Khan and his wife, Bushra Bibi, are not kept in solitary confinement, providing a significant relief to the jailed couple amid continuing concerns over their prison conditions. The order was issued on Tuesday, September 1, after the court took up petitions concerning the alleged solitary confinement of Khan and Bushra Bibi. The petitions were filed by Imran Khan’s sister Aleema Khan and Bushra Bibi’s daughter Mubashra Khawar Maneka, seeking better access and facilities for the two prisoners.…

New Delhi: Purple Style Labs (PSL), the parent company of luxury fashion platform Pernia’s Pop-Up Shop, has entered the public markets with a ₹680-crore Initial Public Offering (IPO). Founded by IIT Bombay aerospace engineer-turned-entrepreneur Abhishek “Monty” Agarwal, the company is looking to build a global business around Indian luxury and designer fashion. The IPO opened on August 31 and will close on September 2, 2026. The price band has been fixed at ₹546–₹575 per share, giving the company an implied post-issue valuation of around ₹4,603 crore at the upper end. Ahead of the issue, PSL raised ₹306 crore from anchor…