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PayPal has laid off around 600 employees in India as part of a global workforce restructuring to cut costs. The layoffs affected teams across technology, engineering, operations, payments and finance at its offices in Chennai, Bengaluru and Hyderabad. This accounts for roughly 10% of PayPal India's total workforce of over 6,000 employees.
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Lumino Industries shares extended their strong debut gains, rising another 4% after listing at a 34% premium to the IPO price. While analysts see attractive valuations, strong profitability and debt reduction as positives, fresh investors have been advised to wait for consolidation, while IPO allottees can consider partial profit booking and monitor key support levels.
Madhusudan Kela’s top five holdings saw mixed performance in August, with Windsor Machines emerging as the biggest gainer while Choice International led the declines.
India’s nominal GDP growth could accelerate to 11.5%-12% in FY27, supporting stronger corporate earnings. However, elevated valuations, rising equity supply and potentially slower domestic flows could limit broad market gains. Jefferies favours lenders, power, ports and real estate, but sees a selective stock-picking environment rather than a broad-based rally.
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Mainland Chinese stocks rebounded after two sessions of losses, with property shares leading gains. Investors remained focused on upcoming US jobs data and China’s economic indicators for clues on interest rates, growth and policy support. Hong Kong markets were largely flat, while Beijing reiterated efforts to boost domestic demand and maintain openness.
The gains in bank stocks come against a backdrop of a sharp surge in foreign-currency inflows, which has boosted liquidity across the banking system.
Netweb Technologies shares opened at ₹5,165 on the NSE on Tursday against its previous close of ₹5,110 and jumped as much as 4.7% to an intraday high of ₹5,349.50. At this price, the stock has surged almost 45% over the last six months.
IFCI shares rallied over 16% in two sessions amid expectations that the long-delayed NSE IPO could be nearing launch. IFCI indirectly owns more than 4% of NSE through its stake in Stock Holding Corporation of India. SEBI has moved closer to approving NSE’s IPO after settling key regulatory cases, while the exchange seeks a valuation of up to Rs 5.26 lakh crore.
The Indian rupee appreciated 47 paise to 94.26 against the US dollar in early trade on Thursday, supported by much higher than expected FCNR (B) deposits mobilisation. Pull back in dollar amid halt in oil price rally on easing geopolitical tensions is also helping gains in the counter. At the interbank foreign exchange market, the rupee opened at 94.30 against the US dollar, then gained ground to touch 94.26, registering a gain of 47 paise from its previous close. Local shares opened on a firm note on Thursday as U.S.
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The robotaxi war just got a lot bigger. Waymo announced plans to bring driverless rides to three additional US cities, while Amazon's autonomous vehicle unit Zoox confirmed it's starting testing in two more markets. The dual expansion signals that self-driving cars are moving from novelty to normal faster than most expected, and the competition for street-level dominance is heating up fast. The robotaxi race just added new turf. [Waymo](https://waymo.com), the autonomous driving unit under [Alphabet](https://abc.
JM Financial said that the appointment of Vivek Jetley as CEO-designate of Hexaware Technologies could remain a near-term overhang until there is greater clarity on the company's strategy and outlook.
HUDCO shares jumped nearly 4% after the company signed an MoU with the Government of Bihar to provide financial assistance of up to Rs 25,000 crore over five years for industrial infrastructure and land acquisition. The development comes after HUDCO signed another Rs 1 lakh crore MoU with Bihar in July for urban infrastructure projects.
RBL Bank board is scheduled to meet on September 7, 2026 to consider and approve establishing an EMTN Programme and enabling the issuance of foreign currency bonds, notes, or any other debt securities
Elgi Equipments Ltd recorded volume of 6.62 lakh shares by 10:46 IST on BSE, a 22.76 times surge over two-week average daily volume of 29096 shares
Kwick Forensic Solutions traded at Rs 157.50 on the BSE, a 75% premium to the issue price of Rs 90.
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The ESDS Software Solution IPO was oversubscribed 143 times, with bidding led by institutional investors. Listing on BSE and NSE is set for September 3, amidst a grey market premium suggesting a potential 55.94% gain over the IPO price of ₹429.
Purple Style Labs IPO allotment is on 3 September, with an estimated listing price of ₹576.5 based on a grey market premium of +1.5. Refunds for unallocated shares start on 4 September, while shares for successful applicants will be credited to their demat accounts.
Muthuselvaraj M of Mirae Asset Sharekhan expects the short-term bias to remain sideways but sees positive prospects for Bank of India, UCO Bank and IOB among others from a medium-term perspective.
Dell Technologies reported record AI-server demand, with a $95 billion backlog and surging revenue. The company raised full-year revenue and earnings forecasts, highlighting strong AI infrastructure spending and expanding data-centre opportunities.
Realty shares witnessed buying demand for the second consecutive trading sessions.
Axis expects Nifty earnings to grow at a 13% CAGR over FY23-FY28, which it believes will underpin healthy medium-term market returns. Here are five small- and midcap stocks that the brokerage is bullish on.
Closing the FCNR(B) scheme has led to a noteworthy increase in dollar inflows, which has positively impacted foreign exchange reserves. Indian banks have benefited from these substantial funds, assisting in the continued growth of loans. Nonetheless, the Reserve Bank of India must now tackle the critical issue of managing surplus liquidity efficiently.
Hexaware Technologies share price opened at ₹538 per share on NSE today, as compared to previous close of ₹543.60 on Wednesday.
Welspun Corp shares jumped nearly 6% after Jefferies initiated coverage with a Buy rating and a Rs 3,250 target price, implying 27% upside. The brokerage sees a multi-year upcycle in US and Saudi energy infrastructure spending, supported by Welspun’s capacity expansion, strong order book and growing overseas operations.
Stock market veteran Shankar Sharma has questioned India’s headline GDP growth, arguing that the economy’s “Real Feel” growth is only 2-3%. Despite 7.8% GDP growth in Q1 FY27, he pointed to worsening quality of life and chaotic urban conditions, contrasting India’s experience with Europe’s stronger lived prosperity.
The offer received bids for 88.66 lakh shares as against 68.49 lakh shares on offer.
Welspun Corp rose 3.03% to Rs 2,600 after a foreign brokerage initiated coverage on the company with a 'Buy' rating and a target price of Rs 3,250.
Shares of Lumino Industries were currently trading at Rs 108.26 at 10:10 IST on the BSE, representing a premium of 32.02% as compared with the issue price of Rs 82.
Inox Wind shares rose nearly 2% after securing a ₹755-crore, 100 MW turnkey order from Indian Oil Corporation. The project includes turbine supply, EPC, execution and 10-year O&M services, strengthening its institutional customer base and integrated renewable energy capabilities. Despite the order, shares remain significantly lower in 2026.
Milky Mist share price is enjoying a strong bullish run as the stock has surged more than 25% in just three consecutive sessions, defying otherwise cautious market sentiment.
HDFC Bank's weighting in the Nifty 50 has fallen to 9.81 per cent, narrowly ahead of ICICI Bank, as the CEO's exit and governance concerns deepen the lender's sell-off
Jefferies initiated coverage on Welspun Corp stock with a 'Buy' rating for a target price of ₹3,250 per share citing likely gains from an upcycle in oil & gas spends by the US and Middle East.
The Supreme Court has ruled that Edelweiss Custodial Services cannot be made liable for ₹900 crore in client securities lost after stockbroker Anugrah defaulted on its obligations.
Technical analyst advised investors to avoid fresh long positions for now and wait for a clear breakout above 1,400 before considering fresh buying.
RPG Life Sciences added 1.29% to Rs 2606 after the company said that its subsidiary RPG Active Pharma would acquire the API and intermediates business of Raghava Life Sciences for Rs 135 crore.
New Zealand exporters are diverting shipments bound for China to new markets, as demand from the country's top buyer cools, a central bank official tells CNBC.
Antelopus Selan Energy's share price surged 32% in three sessions after securing two new onshore contract areas under India's DSF Bid Round-IV. The stock reached a high of ₹1,035.95, marking a 190% increase from its 52-week low.
Power Grid Corporation of India (PowerGrid) has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-5: 6 GW) [Barmer Complex] Barmer-II: 6 GW (Solar) (LCC Configuration) on Build, Own, Operate and Transfer (BOOT) basis, at quoted Annual Transmission Charges of Rs. 3,244.33 crore.
Power Grid Corporation of India (POWERGRID) has been declared the successful bidder under Tariff Based Competitive Bidding (TBCB) for establishing an Inter-State Transmission System to evacuate 6 GW of renewable power from Rajasthan REZ Phase-IV.
Hexaware Technologies Ltd has lost 5.09% over last one month compared to 2.06% fall in BSE Information Technology index and 2.17% drop in the SENSEX
Tejas Networks Ltd has added 4.55% over last one month compared to 1.87% gain in BSE Telecommunication index and 2.17% drop in the SENSEX
Lumino Industries share price listed at 34.15% premium over the IPO price of ₹82. The stock opened at ₹110 per share on NSE and ₹109 on NSE.
The Deepa Jewellers IPO opened on September 1 and closes September 3, with a price band of ₹168-177 per share. It has seen high subscription rates, particularly from retail and non-institutional investors, and is expected to list at ₹205 based on grey market trends.
Lumino Industries shares listed at ₹109 on the BSE, a premium of 32.93 per cent against the offer price of ₹82. Meanwhile, on the National Stock Exchange, it debuted at ₹110, up 34.15 per cent.
The domestic currency touched an intraday high of 94.27 in morning deals, its highest level since June 29, according to Bloomberg data.
The company said, "The revised name better reflects the identity and legacy of our Group, where we have an established track record of projects across India and Internationally, in Metals & Mining. The Company holds a stake, through Prakar Estate and Promoters LLP, in the newly named Swarnagiri Gold Project at Kurnool district, Andhra Pradesh, India's first private sector integrated gold mining and processing facility."
The bond sell-off is owed to a mix of high government debt issuance, an oil-price shock that has reignited inflation concerns, and expectations of higher rates.
Inox Windhas secured a 100 MW turnkey order worth Rs 755 crore from Indian Oil Corporation (Indian Oil). The order will be executed on a turnkey basis and includes post-commissioning operations and maintenance (O&M) services.
The Reserve Bank of India (RBI) said its special US dollar-Indian rupee (USD-INR) forex swap facility has received forex inflows of over 136 billion US dollars till August 31, 2026. Of the total inflows, Foreign Currency Non-Resident (Bank) [FCNR-B] deposits accounted for the overwhelming majority, amounting to 127.2 billion US dollars. Meanwhile, Overseas Foreign Currency Borrowings (OFCBs) brought in 5.26 billion US dollars and External Commercial Borrowings (ECBs) contributed 3.89 billion US dollars.
In addition to developments surrounding the US-Iran conflict and movements in crude oil and gold prices, market participants will closely track the upcoming quarterly earnings announcements of recently listed companies over the next few weeks. Investors are likely to assess these results for insights into operating performance, earnings visibility and demand trends.
Small investors have profited significantly from 2026 IPOs with strong retail demand. Many of these issues are trading well above their initial offer prices. Tempsens Instruments and Sunshine Pictures show the highest returns, gaining seventy-six percent. This performance follows robust listing gains, with fourteen of fifteen IPOs trading higher. The Indian IPO market has revived, with more launches expected in the coming months.
India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raised over 136 billion dollars through its specialized programs. This substantial financial inflow empowers the central bank to robustly guard the rupee. Consequently, the rupee has emerged as the second-best currency performer in Asia over the last month, a response to recent outflows aimed at bolstering its value.
Gold and silver prices rose for a second straight session on MCX as the US dollar weakened and bond yields eased. Investors now await US nonfarm payrolls data for clues on the Federal Reserve’s policy path. Gold remains supported by softer yields and geopolitical tensions, while traders monitor key technical levels and domestic physical gold prices across major cities.
Japan’s Nikkei traded in a narrow range as lower bond yields and softer oil prices offset weakness in semiconductor stocks following a drop in Broadcom shares. Energy stocks underperformed, while investors awaited Japan’s 30-year government bond auction for further cues on interest rates and technology stocks.
Arcil has announced an IPO price range set between Rs 132 and Rs 139 per share, with a target to raise around Rs 733 crore. The public can subscribe to Arcil's shares starting September 9th, as current shareholders and promoters choose to divest their stakes in this asset reconstruction firm. The company's shares are anticipated to be listed on the BSE and NSE by September 17th.
GOCL Corporation share price surged almost 15% in morning deals on the BSE on Thursday, 3 September.
Lumino Industries IPO Live Updates | Lumino Industries shares to debut today; GMP signals 45%, suggesting strong listing buzz
Axis Bank Share Price Live Updates: Axis Bank's Current Trading Status
A months-long crisis in the Strait of Hormuz has turned an overlooked corner of the market into one of 2026's hottest trades.
