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The rupee appreciated 44 paise to 94.92 against the U.S. dollar in early trade on Wednesday, helped by RBI measures to reduce near-term dollar demand and curb speculation. The currency has now gained for three consecutive sessions, though traders expect external pressures to limit further gains. Domestic equities opened marginally lower.
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Finance Minister Nirmala Sitharaman said she would keenly hear views on the long-term capital gains tax and the securities transaction tax, without confirming whether either would be considered in the Budget 2027 preparations. She also said the RBI would continue acting to curb rupee volatility rather than fix its level, shortly after which the stock market rose about 1%.
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A report by JLL released at CREDAI Tamil Nadu's STATECON 2026 reveals that Chennai accounts for 51.5% of the state's residential launches, while plotted developments dominate secondary growth corridors. The conference discussed strategies to support Tamil Nadu's ambition of becoming a $1.5-trillion economy by 2036, including regulatory reforms and affordable housing.
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Tomato prices in Andhra Pradesh's Rayalaseema districts have risen after arrivals at the Madanapalle market yard fell to 62 tonnes on Wednesday from 88 tonnes a day earlier, with first-grade produce quoted at ₹410 per 10 kg. Retail prices are ruling at ₹45 to ₹50 a kg in Madanapalle, Kadapa, Tirupati and Kurnool. Traders expect prices to stay firm through the Dasara, Diwali and Ayyappa Deeksha season unless arrivals improve, while farmers say retail rates do not fully reach them after costs.
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A CAG report tabled in the Odisha Assembly has found that 12,393.651 acres of land allotted for industry between 1981 and 2021 were never used for their sanctioned purpose, with a further 252.692 acres diverted. The audit also flagged 668.893 acres of government land worth ₹597.87 crore under unauthorised occupation, including 10 acres of Bhubaneswar forestland held by the Kalinga Institute of Social Sciences despite a pending case.
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The rupee fell 11 paise to 95.84 against the U.S. dollar in early trade on Thursday, pressured by a stronger dollar, firm U.S. bond yields and crude oil prices holding above $100 a barrel amid stalled West Asia diplomacy. Domestic equities also declined, with the Sensex down 506 points, though foreign investors remained net buyers of Indian shares on Wednesday.
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The Southern India Mills' Association has renewed its demand for the permanent removal of the 11 per cent import duty on cotton, saying the levy fuels price volatility across the textile value chain. SIMA chairman Durai Palaniswamy also sought curbs on speculation and a review of the Cotton Corporation of India's pricing policy, while the association announced its office bearers for 2026-27.
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Three of the four new EXIM godowns at Chennai Port have been completed and leased out, and are already storing rice and steel coils. The ₹73.91-crore project, delayed by supply disruptions linked to the West Asia crisis, will be fully ready once the fourth warehouse is finished.
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Tamil Nadu has held 13 vendor development programmes to connect MSMEs with public sector undertakings, with more than 3,670 small firms benefiting so far, MSME Minister P. Mathan Raja said in Thoothukudi. He cited a ₹2,141 crore budget allocation for MSMEs this year and a ₹600 crore capital subsidy scheme, and said the State's $1.5 trillion economy target for 2036 depends on large industry and small firms working together.
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The State’s revenue receipts reached only 32.14% of the annual Budget estimate at the end of August, with non-tax revenue and grants lagging significantly. Tax collections were relatively better but several heads remained below 40% of their targets. Pensions and interest payments continued to dominate expenditure, while the revenue deficit stood at ₹14,840 crore.
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Copper prices in Coimbatore have risen nearly 75% in a year to about ₹1,450 a kg, squeezing MSMEs that make auto components, pumps and electronic goods. Industry representatives say units have passed on only 10%–15% of the increase because prices are fixed annually or once in two years. Rising costs of steel, zinc and petroleum-based products have added to the pressure on the cluster's competitiveness.
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Retail inflation in India rose to 4.82% in August, up from 4.45% in July, mainly due to higher food prices. Food inflation increased to 5.95%, while wholesale price inflation climbed to 9.92%. The RBI has kept policy rates unchanged and projects CPI inflation at 5% for 2026-27.
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A joint committee of Tiruppur knitwear manufacturers and Tamil Nadu textile mill associations has asked the Union government to fix a minimum floor price for cotton yarn and to link yarn exports to it. The panel also sought removal of import duty on cotton for five years, priority CCI supply for State mills, and direct cotton procurement by the Tamil Nadu government.
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PepsiCo has opened its first foods manufacturing plant in India's Northeast — a 44.2-acre facility at Danguapara in Assam's Nalbari district, and its fifth such unit in the country. The plant, part of the company's investment commitment through 2030, will directly employ 700 people, over 75% of them women, and is expected to support thousands of potato farmers. PepsiCo says the expansion is aimed at placing India among its top 10 global anchor markets.
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The Union Cabinet has approved eight railway multi-tracking projects across six states at a total cost of ₹20,804 crore. The projects, expected to add 1,196 km to the network, aim to improve connectivity and freight movement.
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Coimbatore's foundry industry has grown by 20% in the last year, with demand outstripping supply. The sector produces 1.5 million tonnes of castings annually, worth ₹25,000 crore, and exports ₹10,000 crore worth. A three-day expo starting September 10 will showcase new technologies to address skilled manpower shortages.
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Udaan has agreed to acquire Swiggy's retail distribution arm Lynk Logistics for ₹500 crore. Swiggy will receive a 2.8% stake in Udaan and invest ₹75 crore more for an additional 0.4% stake. The deal aligns with Udaan's recent recapitalisation and growth strategy.
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Asian shares opened higher on Monday, but oil and inflation concerns persist. Analyst Nischal Shetty says crypto faces key levels for Bitcoin and Ethereum, with a recent liquidation resetting market positioning.
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The Gulati Institute of Finance and Taxation will host a two-day national seminar on second-generation GST reforms, starting Monday in Thiruvananthapuram. The event will feature former finance ministers and leading economists discussing tax reforms, fiscal federalism, and impacts on State finances.
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Kirby Building Systems and Structures India will set up a new manufacturing plant at Manapparai SIPCOT in Tamil Nadu, with an annual capacity of 1,00,000 tonnes of pre-engineered steel. The company said the facility, expected to begin operations by mid-2027, will create over 200 employment and skilling opportunities.
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Tamil Nadu's economic consultant, K.R. Shanmugam, has said the sustainable debt-GSDP ratio for the State is 23%, lower than the current 27%. He recommends expenditure rationalisation and fiscal discipline to achieve this level, while deferring certain welfare promises.
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World Bank's Neelkanth Mishra has dismissed critics of India's 7.8% GDP growth as 'ill-educated and egregiously wrong', while former Finance Secretary Subhash Chandra Garg continues to argue that the figure is inflated by a change in the base year. The debate highlights the government's shift to a new statistical series and the gap between official numbers and ground realities.
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MADITSSIA expressed disappointment over Tamil Nadu's MSME policy statement, saying it omitted key demands like 100% infrastructure facilities, power charge reductions, and the Madurai–Thoothukudi industrial corridor. The industry body welcomed some measures, including ₹600 crore subsidy disbursal and the single window portal, while hoping for a more comprehensive future policy.
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Four months after the April 13 Noida protest, workers arrested during police action continue to face severe financial hardship. Legal costs, travel expenses, and job losses have drained savings, forcing many to rely on crowdfunding and loans.
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Indian Ambassador to the US Vinay Kwatra cited 7.8% GDP growth for the April-June quarter to affirm India's status as the fastest-growing major economy. He spoke while ringing the opening bell at Nasdaq and called for stronger US-India technology partnerships.
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The Noida International Airport at Jewar offers a world-class terminal, but passengers from Delhi still face high cab fares and limited public transport options. While bus services are expanding, the absence of direct connectivity and high costs remain significant challenges for commuters.
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U.S. Treasury Secretary Scott Bessent has urged G20 members to re-examine trade terms with China to address global imbalances. He called on countries to press Beijing to shift from exports to domestic consumption, while noting the U.S. trade deficit with China has narrowed.
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The CREDAI Hyderabad Property Show 2026 concluded with an estimated 36,000 visitors over three days, with developers reporting strong buyer engagement. The event featured RERA-approved projects, discussions on growth corridors, and insights into Hyderabad's evolving real estate market.
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A new PPRI study on Kerala's natural rubber crisis recommends reviving rubber producers' societies, restructuring the incentive scheme to include labour, and tapping abandoned plantations. The report, based on a survey in Kottayam's Chirakkadavu panchayat, also suggests regulating imports and expanding the KERA project.
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Mescom says gram panchayats and urban local bodies owe ₹305.84 crore for power used in streetlights and water supply. The utility also lost ₹25.77 crore due to weather damage. It has approved several infrastructure projects, including underground cables and covered conductors.
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HDFC Bank CEO Sashidhar Jagdishan has decided not to seek reappointment and will retire on October 26, 2026. The board will fast-track the selection of his successor, as the bank navigates post-merger integration and governance scrutiny.
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Finance Minister Nirmala Sitharaman invited global investors to set up manufacturing and innovation centres in India, emphasising the country's potential as a platform for global markets. She highlighted reforms, digital infrastructure, GIFT City and production-linked incentives as key opportunities.
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September 2026 brings key changes: international boarding pass stamping ends, Mumbai milk prices rise, and taxpayers face an August 31 ITR deadline. LPG e-KYC ends August 31, while new RBI FD rules start only in October. Verify dates before acting.
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VOC Port is investing over ₹739 crore in infrastructure projects, including upgrading Berth No. 7 into a modern container terminal, developing a new multi-cargo berth, and building a custom bond area. These upgrades aim to handle projected cargo growth of up to 53.25 million tonnes by 2029-30.
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NIT Rourkela's 2025-26 placement season ended with 1,340 job offers and 364 internships. The highest BTech package was Rs 1.31 crore, while the average BTech CTC stood at Rs 15.33 lakh. Over 83 students received packages above Rs 30 lakh.
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Four major private banks reduced their combined workforce by around 13,000 in FY26 even as they expanded branch networks. The decline reflects a shift towards digital banking, automation, and productivity focus, with attrition and slower hiring playing a significant role rather than mass layoffs.
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The government has decided to release about 3-3.5 lakh tonnes of refined sugar into the domestic market to improve availability and check prices. Ex-mill prices have already fallen by 20%, and consumers are likely to get relief soon.
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Commerce Minister Piyush Goyal has proposed an India-Japan startup pitching series in the style of 'Shark Tank' to connect young entrepreneurs with investors. The initiative, to be held virtually, aims to deepen commercial ties and move from pitches to real business collaborations, including a proposed deeptech capital corridor.
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Volkswagen workers booed CEO Oliver Blume as the company mulls job cuts of up to 50,000 amid competition from Chinese automakers and weak demand. Management and labour are at odds over restructuring plans, with a key board meeting scheduled for September 4.
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Indian equity benchmarks Sensex and Nifty opened higher on Wednesday, driven by a sharp fall in crude oil prices and continued foreign fund inflows. While banking and consumer stocks led gains, IT and telecom stocks lagged, mirroring positive global cues.
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The Delhi government has announced that it will procure onions and sugar from NAFED and sell them at procurement price if prices rise further. Meanwhile, the Centre's 'Kanda Express' is bringing 800 tonnes of onions to Delhi to be sold at ₹35 per kg, offering significant relief from current retail rates.
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The Mining Engineers' Association of India has welcomed the MMDR Amendment Act, 2026, citing its provision for fiscal clarity and stability in the sector. The association highlighted Section 9D that restricts state-level levies on mineral rights, and said downstream industries will also benefit.
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Sugar prices across India have surged 40% in a year, crossing ₹65 per kg in eight states. The steep rise is linked to sugarcane diversion for ethanol production, lower yields, and rising cane costs, raising concerns for households and businesses.
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The Central Arid Zone Research Institute (CAZRI) is driving economic growth in Rajasthan's desert landscape through research on sustainable farming, water conservation, and arid legumes. Its innovations are boosting farm incomes and supporting India's food-processing industry.
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SEBI has introduced the IT Resilience Index (ITRI) to measure the robustness of critical IT systems at market infrastructure institutions. It is a global first in quantifying operational resilience for stock exchanges, clearing corporations and depositories. The index will assess parameters like availability, security and business continuity to safeguard India's increasingly digital capital markets.
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U.S. Ambassador Sergio Gor and Consul General Laura Williams hosted Indian industry leaders and Telangana Minister D. Sridhar Babu at Hyderabad's Taj Falaknuma Palace to boost bilateral trade and highlight Mission 500, a shared goal of reaching $500 billion in U.S.-India commerce by 2030. The roundtable focused on defence, semiconductors, pharmaceuticals, and critical minerals.
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The government has lifted the ban on wheat and wheat product exports with immediate effect to support farmers amid falling domestic prices. The decision, which simplifies export procedures, comes as India records a bumper wheat harvest and comfortable buffer stocks. Food Secretary Sanjeev Chopra said the move will boost farmer incomes and encourage rabi sowing.
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Sugar prices in Mysuru have nearly doubled from ₹40 to ₹72 per kg in 15 days, putting severe strain on the local hotel industry. The Mysuru Hotel Owners’ Association attributes the rise to ethanol production and monsoon failure, and has urged the government to stabilise prices.
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The Khaja Bandanawaz Minority Souharda Cooperative in Kalaburagi is considering interest-free fixed deposits and loans to support economically weaker members. President Syed Mohammed Ali Al-Hussaini announced the plan at the annual general body meeting, underscoring the cooperative's commitment to mutual aid.
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Indian stock indices Sensex and Nifty traded higher in early trade on Monday, supported by buying in blue-chip stocks like HDFC Bank and Infosys. However, geopolitical tensions and elevated crude oil prices continue to weigh on market sentiment, while FIIs remained net sellers.
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