Hawkish Fed adds to rupee's troubles, traders watch 96/USD hurdle

The Hindu Business Line - Sep 17, 2026

The rupee is expected ⁠to open slightly weaker around 96-96.05 per dollar, down from its previous close of 95.9550

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China uses 100,000 home-grown AI chips to build leading weather forecast system

China said it can now predict weather 10 days in advance at a cutting-edge resolution of 5km (3.1 miles), finer than most major systems in routine use around the world. The advance was achieved by a Chinese-developed weather forecasting model running on Sugon 8,000, a massive home-grown computing system built entirely with domestically made AI chips. Most major global forecasting systems have resolutions of roughly 5km to 10km, according to the China Meteorological Administration and...

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Sep 16, 2026
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The 134.2-km-long Pinglu Canal in south China's Guangxi Zhuang Autonomous Region officially opened to navigation on September 16, connecting the Xijiang River waterway with the Beibu Gulf. Among the canal's 104 bridges is a special ecological overpass designed exclusively for wildlife, locally dubbed a "bridge of life."

Wang Yi calls on China, Brazil to strengthen strategic coordination
Sep 16, 2026
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China's top diplomat Wang Yi on Wednesday called on China and Brazil to strengthen strategic coordination on major international and regional issues, continue to stand on the side of international fairness and justice, and jointly uphold multilateralism.

GRT Jewellers launches ₹431 crore open offer for remaining TBZ stake
Sep 16, 2026
GRT Jewellers launches ₹431 crore open offer for remaining TBZ stake

The Chennai-based jeweller is expanding its footprint as it moves to consolidate ownership of the legacy jewellery brand and enter northern markets.

Wujiang Village: A traditional way of life along the Wujiang River
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Chinese defense minister meets attendees of Beijing Xiangshan Forum
Sep 16, 2026
Chinese defense minister meets attendees of Beijing Xiangshan Forum

China's Defense Minister Dong Jun on Wednesday said the Chinese military is ready to work with all parties to jointly safeguard international and regional stability, foster a favorable security environment, and provide a guarantee for peaceful development.

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Mirae Asset AIF settles SEBI case on investment concentration for ₹12.75 lakh
Sep 16, 2026
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SEBI’s examination found that the concentration exceeded the prescribed threshold during part of the review period

Sci-tech cooperation helps the Global South build its own capacity
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China-ASEAN at 35: What keeps the partnership moving forward
Sep 16, 2026
China-ASEAN at 35: What keeps the partnership moving forward

Chinese President Xi Jinping has said that China and ASEAN have "explored a bright path of good-neighborliness and win-win cooperation, taken strides toward building a closer community with a shared future and made important contribution to the cause of human progress."

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Sep 16, 2026
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China affirms support for Iran, but warns against Yemen spillover
Sep 16, 2026
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In talks with his Iranian counterpart in Beijing on Wednesday, China’s foreign minister reaffirmed Beijing’s support for Tehran, called for a political settlement to the country’s conflict with the US and warned that regional tensions must not further spill over into Yemen. Wang Yi also urged the earliest possible reopening of the Strait of Hormuz. Abbas Araghchi’s trip to China, his second since the US launched large-scale strikes on Iran in late February, came as Washington expanded sanctions...

China urges the Philippines to abide by one-China principle
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The Chinese side urged the Philippines to abide by the one-China principle with concrete actions, and refrain from taking any steps that could harm China-Philippines relations, a Chinese foreign ministry spokesperson said on Wednesday.

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Sep 16, 2026
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A plenary session at a Beijing security conference turned into a heated exchange on Wednesday, when a senior Iranian defence official and a Saudi think tank chief clashed over the conflict in the Middle East. In the city where just a few years ago Iran and Saudi Arabia signed a peace deal, Prince Turki al-Faisal, chairman of the Saudi think tank the King Faisal Centre for Research and Islamic Studies, accused Iran of not respecting “the sovereignty of the Arab states”. In a clear reference to...

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Former director of leading Chinese museum jailed 3 years after art-selling scandal
Sep 16, 2026
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Hong Kong will participate in the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) into a world-class city cluster with global influence, John Lee, chief executive of the Hong Kong Special Administrative Region (HKSAR), said on Wednesday.

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GJC seeks review of 67% hike in gold hallmarking fee

GJC said it supports mandatory hallmarking for purity assurance and consumer protection but calls for a transparent cost assessment and stakeholder consultation due to rising costs

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Sep 16, 2026
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The issue comprises fresh shares worth ₹600 crore and an offer-for-sale of ₹400 crore by promoters, with listing expected September 23.

Fed watch freezes Dalal Street; Nifty ekes out modest gains after brutal sell-off
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The Nifty 50 closed at 23,217.60, up 99 points, while the BSE Sensex ended at 74,336.45, gaining 332.63 points

Chinese defence chief skirts flashpoints at Xiangshan Forum ahead of Xi-Trump summit
Sep 16, 2026
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With just a week to go until Chinese President Xi Jinping heads to Washington for his first state visit in more than a decade, Chinese Defence Minister Dong Jun opted for the diplomatic path in his address to China’s premier security conference on Wednesday. Speaking at the annual Xiangshan Forum in Beijing, Dong took veiled swipes at Washington and its allies but – unlike last year – appeared to pull his punches, skipping mentions of contentious issues such as Taiwan and the South China Sea. He...

Empower India to acquire Valiance Engineers in all-equity transaction
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Chinese Vice Premier Ding Xuexiang on Wednesday underscored the importance of further opening up in China's western regions as Pinglu Canal, a trade shortcut to Southeast Asia, officially opened in south China's Guangxi Zhuang Autonomous Region.

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A Pakistani warship collides with an Indian naval vessel in international waters in the northern Arabian Sea on Tuesday evening

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Wang Yi: Turbulent situation in the Middle East endangers int'l peace
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Zheng Yongnian: Chinese modernization is 'open-source' development
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Capri Gold Loans rolls out ‘Vyapar Mahotsav’
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Capri Global arm slashes gold loan rates to 11% for four days; stocks rise 0.61%

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Kanohar Electricals stock ends with 19% listing gains
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Kanohar Electricals stock ends with 19% listing gains

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Prasol Chemicals up after weak debut, ends below ₹676-IPO price
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Glass Wall Systems stock ends 18% above IPO price on debut day
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Glass Wall Systems stock ends 18% above IPO price on debut day

Investors should monitor its execution, real-estate demand and overseas exposure, with stop loss of ₹178, a market analyst said

HDFC Bank shares trade flat after rising in previous session, key details
Sep 16, 2026
HDFC Bank shares trade flat after rising in previous session, key details

The stock’s movement comes after HDFC Bank soared nearly 3% before close in the previous session following the bank’s move ahead with its CEO succession process

TTD to provide ₹2 lakh insurance cover to every pilgrim visiting Tirumala
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TTD to provide ₹2 lakh insurance cover to every pilgrim visiting Tirumala

The scheme will be Aadhaar-based and provided online, as the government outlines plans to develop Tirumala as a sacred pilgrimage centre

Key quotes from President Xi's remarks in meeting with Indian PM Modi
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Chinese President Xi Jinping and Indian Prime Minister Narendra Modi conducted a candid and in-depth exchange of views on the sidelines of the 18th BRICS Summit in New Delhi last week, and reached important consensus that China and India should be partners.

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