NSE raises ₹6,746 crore from anchor investors ahead of IPO

The Hindu Business Line - Sep 16, 2026

LIC gets biggest allocation at ₹450 crore; mutual funds account for nearly 37% of anchor book

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China uses 100,000 home-grown AI chips to build leading weather forecast system
Sep 16, 2026
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...

Pinglu Canal opens with wildlife bridge for safer animal crossings
Sep 16, 2026
Pinglu Canal opens with wildlife bridge for safer animal crossings

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
Wang Yi calls on China, Brazil to strengthen strategic coordination

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
Sep 16, 2026
Wujiang Village: A traditional way of life along the Wujiang River

Wujiang Village: A traditional way of life along the Wujiang River

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.

From the ozone hole to recovery: Global action enters a new phase
Sep 16, 2026
From the ozone hole to recovery: Global action enters a new phase

From the ozone hole to recovery: Global action enters a new phase

Mirae Asset AIF settles SEBI case on investment concentration for ₹12.75 lakh
Sep 16, 2026
Mirae Asset AIF settles SEBI case on investment concentration for ₹12.75 lakh

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
Sep 16, 2026
Sci-tech cooperation helps the Global South build its own capacity

Sci-tech cooperation helps the Global South build its own capacity

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."

Former Chinese ambassador to US: 'Taiwan question is red line of red lines'
Sep 16, 2026
Former Chinese ambassador to US: 'Taiwan question is red line of red lines'

Former Chinese ambassador to US: 'Taiwan question is red line of red lines'

China affirms support for Iran, but warns against Yemen spillover
Sep 16, 2026
China affirms support for Iran, but warns against Yemen spillover

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
Sep 16, 2026
China urges the Philippines to abide by one-China principle

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.

Iranian and Saudi panellists spar at Xiangshan Forum over Middle East attacks
Sep 16, 2026
Iranian and Saudi panellists spar at Xiangshan Forum over Middle East attacks

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...

Broker’s call: Happy Forgings (Buy)
Sep 16, 2026
Broker’s call: Happy Forgings (Buy)

Motilal Oswal Financial

Broker’s call: Avenue Supermarts (Sell)
Sep 16, 2026
Broker’s call: Avenue Supermarts (Sell)

Emkay Global

Former director of leading Chinese museum jailed 3 years after art-selling scandal
Sep 16, 2026
Former director of leading Chinese museum jailed 3 years after art-selling scandal

A former director of a state-owned museum at the centre of a rare high-profile art scandal was sentenced to three years in prison, Chinese state media said on Wednesday. Xu Huping was found to have abused his position at the Nanjing Museum in eastern Jiangsu province and taken bribes, including money and property, for helping others secure projects and business collaborations. He was sentenced to prison for three years and fined 200,000 yuan (US$29,800), according to state news agency...

Hong Kong to play due part in making GBA world-class city cluster
Sep 16, 2026
Hong Kong to play due part in making GBA world-class city cluster

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.

Gold, silver prices rise on bargain buying, dip in crude oil rates
Sep 16, 2026
Gold, silver prices rise on bargain buying, dip in crude oil rates

Gold rebounds ₹1,200 to ₹1.55 lakh per 10 grams; Silver jumps ₹7,400 to ₹2.42 lakh per kilogram

Jindal Supreme IPO subscribed 7.53 times on Day 1 led by retail investors
Sep 16, 2026
Jindal Supreme IPO subscribed 7.53 times on Day 1 led by retail investors

Jindal Supreme India Ltd has fixed a price band of ₹88-93 per share for the IPO

GJC seeks review of 67% hike in gold hallmarking fee
Sep 16, 2026
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

Varshney re-appointed as SEBI whole-time member till 2029
Sep 16, 2026
Varshney re-appointed as SEBI whole-time member till 2029

Varshney heads departments including corporate finance, corporation finance investigation, integrated surveillance and legal affairs, among others

Hero Motors IPO Day 1: Issue subscribed 1.18 times so far
Sep 16, 2026
Hero Motors IPO Day 1: Issue subscribed 1.18 times so far

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
Sep 16, 2026
Fed watch freezes Dalal Street; Nifty ekes out modest gains after brutal sell-off

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
Chinese defence chief skirts flashpoints at Xiangshan Forum ahead of Xi-Trump summit

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
Sep 16, 2026
Empower India to acquire Valiance Engineers in all-equity transaction

Transaction to be structured as a 100% non-cash share swap via the preferential allotment of fresh equity shares of Empower India

Vice premier stresses western region opening up as Pinglu Canal opens
Sep 16, 2026
Vice premier stresses western region opening up as Pinglu Canal opens

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.

India, Pakistan warships collide at sea, adding to tensions
Sep 16, 2026
India, Pakistan warships collide at sea, adding to tensions

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

Shanghai court's transparent AI Screen impresses law experts
Sep 16, 2026
Shanghai court's transparent AI Screen impresses law experts

Shanghai court's transparent AI Screen impresses law experts

Wang Yi: Turbulent situation in the Middle East endangers int'l peace
Sep 16, 2026
Wang Yi: Turbulent situation in the Middle East endangers int'l peace

Wang Yi: Turbulent situation in the Middle East endangers int'l peace

Zheng Yongnian: Chinese modernization is 'open-source' development
Sep 16, 2026
Zheng Yongnian: Chinese modernization is 'open-source' development

Zheng Yongnian: Chinese modernization is 'open-source' development

Capri Gold Loans rolls out ‘Vyapar Mahotsav’
Sep 16, 2026
Capri Gold Loans rolls out ‘Vyapar Mahotsav’

Capri Global arm slashes gold loan rates to 11% for four days; stocks rise 0.61%

How does Gen Alpha use AI?
Sep 16, 2026
How does Gen Alpha use AI?

How does Gen Alpha use AI?

Kanohar Electricals stock ends with 19% listing gains
Sep 16, 2026
Kanohar Electricals stock ends with 19% listing gains

Analysts expect some profit booking may occur, with a stop loss of ₹650

Prasol Chemicals up after weak debut, ends below ₹676-IPO price
Sep 16, 2026
Prasol Chemicals up after weak debut, ends below ₹676-IPO price

The stock stages a rebound after discount debut

Glass Wall Systems stock ends 18% above IPO price on debut day
Sep 16, 2026
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
Sep 16, 2026
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
Sep 16, 2026
Key quotes from President Xi's remarks in meeting with Indian PM Modi

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.

Graphics: What stood out in China's economy in August?
Sep 16, 2026
Graphics: What stood out in China's economy in August?

Graphics: What stood out in China's economy in August?

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