📰 India Business Brief: Top Headlines for September 23, 2026

The Economic Times

• Historic Primary Market Surge: September 2026 has witnessed the largest initial public offering (IPO) rush in nearly three decades, with 30 mainboard issues collectively raising over ₹38,785 crore.
• Adani Group Reaches Settlement with SEBI: Five Adani group entities settled regulatory and corporate governance proceedings with the Securities and Exchange Board of India (SEBI), paying an aggregate amount of ₹1.5 crore.
• Auto PLI Opens Door to Chinese Tie-Ups: The central government is set to review automotive Production-Linked Incentive (PLI) scheme applications involving Chinese investment following foreign direct investment clearances, paving the way for joint ventures like Tata and JSW MG to expand operations.
• RBI Urges Prudence Amid Liquidity Swell: With an estimated ₹11 lakh crore liquidity surplus in the banking system, lenders are aggressively pursuing corporate and retail borrowers, though the Reserve Bank of India has cautioned institutions to maintain underwriting standards.
• Currency and Commodity Movements: The Indian Rupee strengthened slightly to 95.59 against the US dollar, supported by timely central bank intervention and softening crude oil prices following progress in US-Iran geopolitical discussions.

Business Standard

• Tata Sons Restructuring Faces RBI Hurdles: Proposals exploring the split of Tata Sons into separate corporate structures to circumvent mandatory upper-layer NBFC listing obligations may offer a legal pathway, but analysts and legal experts caution that RBI approval remains a significant roadblock.
• NSE IPO Banker Fees Revealed: The eagerly awaited public listing of the National Stock Exchange of India (NSE) is set to generate approximately ₹186 crore in advisory fees and commissions across 20 appointed investment banks.
• FM Sitharaman on Wage Growth and Consumption: Speaking at the All India Management Association’s (AIMA) National Management Convention, Finance Minister Nirmala Sitharaman emphasized that the next major wave of domestic consumption will largely depend on formal wage growth.
• HDFC Bank Adds ₹93,000 Crore to Market Cap: Shares of India’s largest private lender continued their strong upward trajectory, adding over ₹93,000 crore to market capitalization over the past eight trading sessions.
• Chip Sector Logistics Under Lens: The Ministry of Electronics and Information Technology (MeitY) has initiated interventions to address customs clearance bottlenecks impacting imported semiconductor components and testing machinery.
• Bank Unions Stand Firm on Strike: Public and private sector bank employee unions announced plans to proceed with a nationwide three-day operational strike despite conciliation appeals from the government and Indian Banks' Association.

Mint

• Blackstone Flags India’s Inbound Capital Tipping Point: Global asset management giant Blackstone underscored that India’s infrastructure expansion and macroeconomic fundamentals have positioned the country at an inflection point for long-term private equity allocations.
• Power Tools Sector Aims for Global Export Expansion: India’s hand and power tool manufacturing industry has laid out an ambitious roadmap to expand exports from $1 billion to $25 billion over the coming decade through localized component supply chains.
• Gig Worker Tax Compliance Initiatives: Leading quick-commerce and delivery platforms, including Zomato, Blinkit, and Valmo, have rolled out direct integrations to simplify income tax return filings and refund processing for delivery partners.
• TRAI Implements AI Anti-Spam Systems: The Telecom Regulatory Authority of India (TRAI) has mandated stricter AI-powered classification systems across telecommunications operators to detect, tag, and curb commercial spam calls and messaging frauds.
• Kellton Tech Convenes Board for Capital Raise: Digital transformation and IT services company Kellton Tech Solutions held a board meeting to evaluate institutional fundraising options via fresh equity issuance to fund emerging AI enterprise solutions.

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