ET MARKETS
India hotel deals nearly triple to $493 million in H1 2026
Hotel property transactions in India surged nearly threefold year-on-year to $493 million in the first half of 2026, JLL data showed. The firm has raised its full-year transaction forecast to $1.1 billion, up 94% from 2025. Tier-II and Tier-III cities accounted for about 60% of H1 activity.
Lakhpati Didi scheme boosts household income: IIM Study
The Lakhpati Didi initiative, launched in 2023, aims to enhance women's income and savings in India. Recent studies indicate that household income has increased by 61% since the program's inception. Notably, the number of women-led enterprises has surged by 48% within a year.
Elon Musk says Starlink's entry in India 'blocked' by oligarchs, alleges 'monopolistic chokehold'
Elon Musk on Wednesday alleged that Starlink’s entry into India is being “blocked” by certain oligarchs seeking to protect their “monopolistic chokehold” over Indian consumers. Without naming the individuals or companies, Musk accused them of preventing the satellite internet service from entering the Indian market and called it a “crime against the people of India”.
Why is the US stock market down today? Dow Jones, Nasdaq and S&P 500 in deep red — rising Treasury yields, oil prices and Fed uncertainty weigh on stocks
Why is the US stock market down today? The Dow Jones crashes today, falling 565 points, or 1.10%. The S&P 500 slipped 0.68% to 7,765.65, while the Nasdaq fell 0.83% to 27,370.15. Rising Treasury yields are driving much of the pressure. The 10-year yield climbed above 5.36%, its highest level since April 2002. Oil also rose, with Brent above $101, adding fresh inflation concerns ahead of the Federal Reserve minutes.
Flipkart alumni seek Esop buyout; Local sourcing for ISM 2.0
Former Flipkart executives are seeking a full cash-out of vested Esops. This and more in today’s ETtech Top 5.
ET Alpha Wealth Summit 2.0: The ideas, trends and opportunities shaping future of wealth creation
ET Alpha Wealth Summit 2.0 brings together leading investors, wealth managers and family-office professionals to decode the forces shaping the next investment cycle. From global capital flows, private credit and alternatives to family offices, GIFT City, SIFs and AI, the summit explores new opportunities and evolving approaches to wealth creation.
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Edtech firm ByteXL raises $9 million in Series B round led by Elevar Equity
Existing investors Kalaari Capital and the Michael & Susan Dell Foundation also participated in the round
ET Exclusive: Flipkart’s former suites write to Walmart board, seek fair treatment and full cash out of vested ESOPs
A group of former senior Flipkart executives has urged Walmart to buy back their vested stock options. This request comes after the company's plans for an initial public offering have been postponed again. Recent leadership changes at Flipkart have highlighted ongoing tensions between former executives and current management. The signatories argue that those who contributed to Flipkart's success deserve liquidity opportunities.
ElevenLabs CEO on AI slowdown; Prosus dials up fintech bets
Happy Wednesday! ElevenLabs CEO Mati Staniszewski weighs in on the AI slowdown debate. This and more in today’s ETtech Morning Dispatch.
ET Product of the Year 2026: Recognising products built in India, taking the country ahead
India is rapidly transforming into a core center for product design, engineering, and manufacturing, influencing multiple industries. The ET Make in India Product of the Year Award aims to honor products showcasing significant contributions from India, focusing on authentic local expertise and market success, rather than just assembly functions. This initiative spotlights India's commitment to innovation and enhancing value in the worldwide market.
Prosus steps up India fintech bets with Kiwi, Oolka funding talks
Prosus has held exploratory talks to invest in Kiwi, which offers bank-issued RuPay credit cards and credit lines for Unified Payments Interface (UPI) payments and is looking to raise around $40 million, the people said. ET reported last week that Kiwi was in the market for fresh funding.
Bank stocks lift Indian markets as crude prices ease, RBI decision eyed
The Indian stock markets saw an upswing fueled by the performance of banking stocks amid falling oil prices. The Sensex and Nifty enjoyed substantial rises, as market participants eagerly anticipated the upcoming Reserve Bank of India monetary policy decision. Key players like Axis Bank and Kotak Mahindra Bank reported strong quarterly figures, lifting investor mood.
IndusBridge raises Rs 2,000-crore fund for defence bets
IndusBridge Ventures has triumphantly raised Rs 2,000 crore, a remarkable achievement in the realm of private equity focused on defence. Co-founders Ravi Kapoor and Rahul Devjani intend to channel this funding into Indian defence firms, aiming to harness the increased global defence budgets and support India's efforts towards self-reliance. Kapoor forecasts that defence exports could soar to ₹50,000 crore soon, enhancing the security technology supply chain.
Tata Motors asks suppliers to ramp up capacity for 100,000 passenger vehicles a month from FY28
Tata Motors Passenger Vehicles aims to ramp up production to 100,000 vehicles monthly from the next financial year. The company has been selling around 65,000 units monthly but faces supply constraints. Six new models are planned to enhance product offerings, aiming to meet robust demand. An investment of ₹37,500-40,000 crore is intended to boost market share significantly. Tata Motors expects a domestic market growth to 6.4 million units by FY31.
Neuberg Diagnostics consolidates its Maharashtra operations with NM Medical
Neuberg Diagnostics has consolidated its operations with NM Medical in Maharashtra to enhance diagnostic and preventive healthcare. This partnership combines their strengths in advanced radiology, pathology, and genomics, providing comprehensive diagnostic services. Neuberg aims to raise significant funds through an IPO in the coming financial year. The collaboration will facilitate the establishment of integrated diagnostic and wellness centers across Maharashtra.
ET Alpha Wealth Summit 2.0: Where is smart money moving amid global market churn?
As global capital shifts amid rising bond yields, changing valuations and new investment themes, investors are asking where the next opportunities could emerge. At ET Alpha Wealth Summit 2.0, two back-to-back sessions will explore where long-term capital is moving and how family offices and institutions are putting money to work across private credit, venture debt, co-investments and alternative strategies.
As sugar markets swing, eBuySugar bets on scale and digital trade
With sugar prices, production, and trade policies becoming increasingly volatile, eBuySugar is expanding its role beyond simply connecting mills and buyers.
AI Innovation in India: Turning business impact into industry recognition
As organisations move AI into business operations, demonstrating its value is only part of the challenge. Communicating that work, establishing credibility and reaching a wider industry audience matter too. The ET AI Awards 2027 offer organisations, teams and leaders a platform to showcase their work, gain an independent evaluation and build recognition around their achievements.
Sauce's Manu Chandra on consumer exits; Physical AI's regulation push
Sauce's Manu Chandra said he expects larger exits for investors of India's new-age consumer brands. This and more in today’s ETtech Morning Dispatch.
India luxury car sales rise in double digits; Mercedes-Benz sales grow 8% to record 15,190 units
The luxury vehicle market in India showcased a striking uptick in sales for 2026, reflecting a robust appetite for high-end automobiles. Mercedes-Benz led the way with impressive sales reaching 15,190 units in just the first nine months, bolstered by exciting new launches and upgrades from loyal customers despite supply challenges. Electric models, particularly with the CLA Electric's introduction, further supported this growth.
ET Alpha Wealth Summit 2.0: How portfolio management is evolving with AI
The ET Alpha Wealth Summit 2.0 is scheduled for October 8, 2026, in Mumbai. This event will gather various investment professionals including high-net-worth individuals and family offices. Some of the discussions will focus on the implications of AI for portfolio management and investment allocation. Expert sessions will explore the balance between human judgement and AI in making investment decisions.
Top Nifty50 stocks analysts suggest buying in this volatile week
Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Listed startups unlock Rs 25,000 crore for VC, PE investors
An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel.
September IPO rush draws $1 billion FPI money even as listed stocks see record outflows
In September, Foreign Portfolio Investors actively participated in the Indian primary market by investing $1 billion. Simultaneously, they offloaded $4.8 billion worth of equities from the secondary market. A total of 96 IPOs have launched in 2026, with 34 occurring in September alone. The expected future launch of the Jio Platforms IPO may influence upcoming primary market dynamics.
ET Alpha Wealth Summit 2.0: Date, venue, speakers, agenda and registration
The ET Alpha Wealth Summit 2.0 set to be held on October 8 at ITC Maratha in Mumbai. Leading investment experts will convene to discuss trends affecting capital flows and investment strategies. Keynote speeches and panel discussions will cover topics such as alternative assets, structured debt, and family office investment frameworks. The summit aims to provide insights into evolving wealth creation methodologies and the role of technology in investing.
Starlink, OneWeb and Jio: Where India’s satellite internet race stands
India’s satellite internet sector is on the cusp of commercial launches as key players seek the last stages of approval. Companies like Starlink, OneWeb, and Reliance Jio have secured GMPCS licenses but still await spectrum allocations and regulatory nods. OneWeb is set to launch immediately after receiving the missing spectrum, while Jio envisions a robust satellite network for the future.
ET Alpha Wealth Summit 2.0: Decoding the new investment landscape and shift in smart money
Transformations in the global economy are reshaping how investors allocate capital and devise strategies. Geopolitical conflicts and tech rivalries are challenging conventional wisdom, leading to heightened interest in markets such as India, Southeast Asia, and the Gulf states. Strategic investments in infrastructure and commodities have gained importance. The upcoming ET Alpha Wealth Summit aims to delve into these transformative investment trends.
HDFC's new CEO: Who is Anup Bagchi? The ICICI veteran set to take charge at India's largest private lender
Anup Bagchi has been appointed managing director and CEO of HDFC Bank, effective October 27, 2026. He transitions back to banking after a three-year stint at ICICI Prudential Life Insurance. Bagchi's extensive experience spans various roles in retail, corporate, and investment banking sectors. The Reserve Bank of India approved his appointment and he will also become an additional director at the bank.
ET Startup Awards 2026: Palmonas leans on offline retail expansion as branded jewellery market gets crowded
Palmonas is betting on offline retail and repeat customers to compete in India’s increasingly crowded jewellery market. The four-year-old startup plans to expand its store network from 105 to 160 by the end of FY27, while also focusing on lowering marketing costs.
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