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Archive › Wednesday, 23 September 2026

Wednesday, 23 September 2026

283 market stories first seen on Wednesday, 23 September 2026 (IST); the 60 best covered below.
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S&P Global Ratings raises India FY27 growth aim to 7% from 6.6%, estimates 25 bps RBI rate hike

S&P Global Ratings has upgraded its forecast for India's real GDP growth to 7% for the FY27. Strong industrial activity, healthy consumption, and significant government investment contributed to this optimistic outlook. The Reserve Bank of India is expected to raise interest rates by 25 basis points due to rising inflation. Meanwhile, weather-related risks could affect agricultural output in the…

4 sources · 5d
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India business activity rebounds in September to 3-month high, PMI shows

India experienced accelerated business growth in September due to increased demand in manufacturing and services sectors. The HSBC flash India Composite Purchasing Managers' Index rose significantly from August, indicating expansion. However, export growth slowed, impacting overall economic performance negatively. Hiring in the services sector also declined, limiting job growth prospects…

3 sources · 5d
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OMCs face ₹530 crore daily fuel losses as crude prices surge: Icra

State-run oil marketing companies are facing mounting losses on petrol and diesel sales as a surge in crude prices outpaces unchanged domestic fuel prices, rating agency ICRA said. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are losing Rs 8 a litre on petrol, and Rs 9 on diesel, while under-recoveries on domestic liquefied…

3 sources · 5d
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After Moody's, S&P, Fitch, others raise FY27 India GDP growth projections

Fitch Ratings on Wednesday raised India's GDP growth forecast for the current fiscal year to 6.9 per cent, from 6.4 per cent, citing strong economic growth in the June quarter and overall economic resilience. According to Fitch, India's economic momentum is likely to moderate over the remaining fiscal year, prompting the Reserve Bank of India (RBI) to increase interest rates by 0.25 per cent in…

2 sources · 5d
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Airtel Africa's mobile money arm to file for London IPO

Airtel Money plans to launch an IPO in London, having originally set its sights on the first half of 2026. Due to current market conditions affecting investor interest, the listing has been rescheduled for the second half. With projections valuing the company between $8 billion and $9 billion, the aim is to secure at least $800 million.

2 sources · 5d
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LPG losses reach Rs 300/cylinder, OMCs’ petrol, diesel margins turn negative; daily hit at Rs 530 crore: ICRA

OMCs are facing mounting pressure as elevated crude oil prices push petrol and diesel marketing margins into negative territory, while domestic LPG losses have reached around Rs 300 per cylinder, ICRA said. The rating agency estimates OMCs are losing around Rs 530 crore daily, with unchanged domestic fuel prices and supply disruptions in West Asia adding to profitability and cash-flow pressures.

2 sources · 5d
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Court rejects Adani plea that duty-free shops are beyond domestic laws

An Indian court has ruled that nicotine pouches sold at duty-free shops are subject to domestic laws. The Adani Group challenged the legality of their items, arguing they are not drugs and are innovatively classified. Authorities maintained that selling such products poses a public health risk and violates drug laws. The court concluded that regulations apply to goods sold within Indian…

2 sources · 5d
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India's fast-track route for low-risk foreign investors logs 164 sign-ups in 100 days, data shows

The SWAGAT-FI framework, launched on June 1, simplifies registration for trusted foreign investors, including pension and sovereign funds. Over 164 registrations have already been recorded within just 100 days of implementation. This new system now allows a 10-year registration period, which reduces compliance costs significantly for long-term investors. While initial registrants include major…

2 sources · 5d
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Irdai proposes ban on insurance website ‘dark patterns’, seeks lower distribution costs

Irdai proposes prohibiting dark patterns on insurance websites that require personal details to access information. The reforms aim to improve transparency and make insurance distribution more customer-centric. A new framework categorizing distribution entities is also suggested to simplify the existing structure. Proposed changes include reducing Expense of Management limits for life and general…

2 sources · 4d
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Tuni Textile Mills bags ₹31 crore order

The orders cover about 1.975 million metres of woven shirting and finished fabrics including poly cotton, higher cotton content shirting and other finished fabric specifications

2 sources · 4d
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India housing market enters festive season with rising unsold inventory: What’s driving the slowdown?

India’s housing market is seeing a widening divide between affordable and premium homes. While sales of properties below ₹50 lakh fell sharply in the first half of 2026, demand for ₹1.5–3 crore homes surged. Rising launches and slower sales are adding to inventory pressures, leaving developers dependent on festive-season demand, incentives and possible government intervention.

1 source · 5d
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Check Point Software appoints Krishnan V V as MD for India, South Asia

Cybersecurity solutions provider Check Point Software Technologies on Wednesday announced the appointment of Krishnan V V as its Managing Director and Country Head for India and South Asia, effective immediately. In his new role, Krishnan will oversee the company's business strategy, profit and loss (P&L) performance, go-to-market execution, and organisational development across the region…

1 source · 4d
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Richest self-made women in India 2026: Top 10 M3M Hurun list

The M3M Hurun India Rich List 2026 features 131 self-made women entrepreneurs, including 33 dollar billionaires. Their businesses span sectors such as technology, beauty, healthcare, enterprise software and financial services, with wealth among the top 10 ranging from ₹3,800 crore to ₹77,400 crore. Here is a look at the 10 wealthiest self-made women on the 2026 Hurun list.

1 source · 5d
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Budget 2027-28 process begins October 12 with month-long pre-budget meetings

Pre-budget meetings for the Union Budget 2027-28 will commence on October 12 and continue until November 13. These discussions aim to finalize the Revised Estimate for 2026-27 and the Budget Estimate for 2027-28. Ministries are required to submit necessary details by October 6 to facilitate these meetings. The Budget is expected to address economic growth, job creation, and domestic demand.

1 source · 5d
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Market Pulse: Key triggers to watch before the September 24 trading session

As Chinese President Xi Jinping lands at Joint Base Andrews near Washington, DC, for a high-level meeting with US President Donald Trump, markets and economies worldwide, including Indian markets, are not expecting any major breakthrough from the two sides.US equities, meanwhile, fell on Wednesday as rising Treasury yields and concerns over further Federal Reserve rate hikes weighed on sentiment…

1 source · 4d
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Multiples targets industrials as new investment frontier

Multiples Alternate Asset Management is moving into the industrial and precision manufacturing sectors for the first time, targeting family-owned businesses. The PE firm is investing via its $885 million Fund IV as it also shows keen interest in the technology and AI areas.

1 source · 5d