📰 India Business Brief: Top Headlines for September 04, 2026

The Economic Times

• Canara Bank Plans $2 Billion Global Debt Raise: Canara Bank announced plans to raise up to $2 billion through medium-term note (MTN) programmes via its GIFT City or overseas branches to support foreign currency lending operations.
• SEBI to Review Derivatives Trade Pricing: The Securities and Exchange Board of India (SEBI) is set to review the derivatives settlement pricing methodology following industry feedback and market dynamics related to the Call Auction Session (CAS) framework.
• Non-Tech GCC Demand Surges for Mid-Level Talent: A report by staffing firm Quess Corp shows demand for professionals with 7–12 years of experience grew over 50% year-on-year in Global Capability Centres (GCCs), reflecting a strategic shift toward high-value corporate functions.
• India-Belgium Strengthen Strategic & Trade Partnerships: Following bilateral talks, India and Belgium agreed to deepen cooperation in defence technology, critical minerals, and maritime logistics, alongside plans to double bilateral trade over the next five years.

Business Standard

• NSE to Overhaul Pre-Open Auction Mechanism: The National Stock Exchange (NSE) has announced revised rules for the pre-open auction framework effective September 7 to curb volatility and enhance pre-market price discovery.
• ISRO Successfully Launches EOS-05 Satellite: ISRO marked a major milestone with the successful launch of the 2,300-kg EOS-05 Earth observation satellite into a geostationary transfer orbit aboard the GSLV-F17 rocket.
• Debate Continues Over GDP Series Base Revision: Former Chief Statistician Pronab Sen urged policymakers to publish GDP figures using both the previous and revised base series for five years to maintain statistical continuity and comparability.
• India-New Zealand FTA Slated for Next Month: Negotiations are nearing completion for the India–New Zealand Free Trade Agreement, which is expected to take effect next month to provide expanded market access for Indian exporters.
• FLY91 Announces $1-Billion Fleet Expansion: Regional airline FLY91 has inked a $1-billion deal for 40 ATR 72-600 aircraft to scale up tier-2 and tier-3 regional connectivity across India.

Mint

• UltraTech Cement Enters Wires & Cables Business: UltraTech announced an investment of ₹1,800 crore to launch its new electrical division, 'Ultravolt,' aiming to capture a top-tier market position in building materials within five years.
• Sterlite Technologies Approves ₹3,000 Crore Capex: The board of Sterlite Technologies greenlit a ₹3,000 crore expansion across optical fibre and digital network product manufacturing lines to meet rising telecom infrastructure demand.
• Cipla Expands Oncology Portfolio with US Licensing Deal: Cipla subsidiary Invagen Pharmaceuticals partnered with Qilu Pharmaceutical for the exclusive supply and licensing of QL2107, a biosimilar targeting pembrolizumab, in the US market.
• Markets Grapple with Crude Pressure Amid Resilient Smallcaps: While benchmark indices showed cautious sentiment driven by elevated Brent crude levels, broader indices and small-cap stocks continued to display resilient domestic investor interest.

Tags: Headlines Business News Economic Times Business Standard Mint Top News