Avenue Supermarts Limited, parent company of D'Mart chain of stores, recently purchased 17 commercial spaces inMumbai for Rs 88.74 crore. The units come with 44 car parking slots and covers 45,876.92 sq ft in carpet area. This is the second acquisition made by the retailer in 2021, as part of their property shopping spree during Covid-19 pandemic.

Worries about further interest rate hikes due to rising inflation combined with a report that China is banning the use of iPhones in it's government offices has caused tech stocks, such as Apple, to fall dramatically. The Dow Jones Industrial Average is up slightly but the S&P and Nasdaq have dropped by 0.5% and 1.2% respectively.

Analysts downgraded Bharti Airtel stock despite increasing their target prices for the stock, owing to the recent rally in its share price which left little room left for further gains. Upcoming 5G roll out, ARPU growth, customer additions among other positive triggers were cited by analysts as long-term growth drivers.

Veteran banker KV Kamath advised banks to collaborate and partner with fintech companies to remain and prosper in the business. Adapting and innovating, he said, is key to keeping banks afloat in the coming years, and urged them to continuously learn about the latest developments in the sector. Banks in India have developed partnerships and co-lending deals with fintechs in recent years.

Gold prices rose on Thursday as Treasury yields eased and investors anticipate more US economic data which could influence Federal Reserve's interest rate hike. The dollar remains strong as the U.S. services sector data was better-than-expected. Despite this, 95% of traders expect no change to the Fed's rate in September, but US jobless claims data due at 1230GMT may offer more insight.

Apple copped a heavy hit Thursday, plunging 4% after reports of China's widening curbs on iPhone use by their government staff. The drop lost Apple more than $100 billion in market value and dragged down the 3 major US stock indexes. With Huawei eyeing a comeback with a Mate 60 Pro smartphone powered by an advanced Chinese chip, Beijing's restrictions can slow Apple's sales growth.

HSBC India launched 'ONDC in a Box' – a one-stop-shop proposition for corporates to access the Open Network for Digital Commerce (ONDC). Featuring APIs and modules from HSBC, Protean eGov Technologies Ltd, and Shayr Omnichannel Private Limited, the end-to-end suite of payment, settlement and backend tech tools facilitates an interoperable network on which buyers and sellers can easily transact.

The Delhi High Court dismissed Policybazaar’s plea to prevent other entities from using keywords identical to its trademarks on Google's AdWords Program, noting that the mere presence of their websites as advertisements or sponsored links was insufficient to establish confusion among users.

Traders should take advantage of Nifty's momentum and buy on intraday dips, according to Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas. Shrikant Chouhan, Head of Research (Retail), Kotak Securities suggests that 19,650 would be the key level to watch out for and above the same, the index could move up to 19,800-19,825.

NAREDCO Maharashtra has announced the launch of their INR 50 Cr RealTech Fund which aims to provide support for proptech startups. The fund looks to leverage technology and innovation to help meet current and future challenges in the real estate sector. This follows a number of other investments into the Indian proptech market by investors such as Draper Associates, Y Combinator, etc.

Rumours of a sugar shortage due to El Nino have been debunked by the National Federation of Cooperative Sugar Factories Ltd. Most cane growing states have received above normal rainfalls helping standing crop and sucrose content. Karnataka's production is expected to exceed 4.5 million tonnes, whilst Uttar Pradesh production is likely to surpass its last year’s net sugar production by a mn tonne.

Aurobindo Pharma has received "Voluntary Action Indicated" status (VAI) from the US FDA for its Unit III in Telangana. This allows them to seek approvals for new drugs and continue with existing medications. The company is set to benefit from price erosion and increasing drug shortage in the US, and analysts expect strong growth and an 18-20% EBITDA margin for the financial year.

The Nifty50 opened lower on September 7 but experienced strong gains in the last couple of hours of trade, closing above 19,700. Bank Nifty also jumped 469 points, forming a long bullish candlestick pattern and reaching an upside target of 45,200-45,500, while broader markets rose with positive breadth.

“The data from the Q2 Workplace Learning Index provides valuable insights for organisations as they prepare their personnel for continued digital transformation. This data also serves to inform learners of the skills that employers are looking for, where there is growing demand.”

ONGC will invest Rs 15,000 crore in OPaL to help restructure it financially. This will raise ONGC's stake to 95%, while GAIL and GSPC will own 5%. The move comes after OPaL has faced cost and time overruns when the plant was originally projected to cost Rs 12,440 crore, but ended up costing Rs 30,000 crore. It also had accumulated losses of over Rs 13,000 crore by 2023.