The Indian government is formulating fiscal incentives to boost domestic production of rare earth magnets, essential for EV motors, aiming to reduce reliance on Chinese supply. A scheme is being framed to provide targeted support to the industry, covering capital and operational expenditure. This initiative addresses supply disruptions and strengthens India's participation in global value chains.

ITR filing FY 2024-2025: Don't miss the September 15, 2025, deadline for filing your Income Tax Returns (ITR) for Assessment Year 2025-26. Late filing incurs penalties up to ₹5,000 and interest under Sections 234A, 234B, and 234C if there are pending tax liabilities.

SEBI has approved relaxed IPO norms for large companies and streamlined access for foreign investors, aiming to strengthen India's capital markets. The regulator also revised the framework for anchor investors to attract global funds. To bolster governance, SEBI mandated the appointment of executive directors in market infrastructure institutions.

Russia's central bank lowered its key interest rate to 17% to stimulate the slowing economy, even as elevated inflation persists at 8.2%. This decision reflects the challenge of balancing economic support during wartime with the need to control rising prices. Increased government spending on the conflict in Ukraine has widened the budget deficit, adding further complexity.

Indian equity valuations, while slightly below historical averages, remain expensive compared to regional peers amid slowing earnings growth. This has led foreign investors to reduce exposure, as India becomes less appealing with weakening nominal GDP growth. Some global fund managers are shifting allocations to cheaper markets like China, Europe, and Japan.

Infosys has announced a significant Rs 18,000 crore share buyback at Rs 1,800 per share, a 19% premium over the previous closing price. Market experts view this as a "buy on dips" opportunity, with analysts suggesting accumulation for potential short-term gains. The buyback, conducted through a tender route, anticipates strong retail participation and could boost EPS by 3-5%.

Retail inflation in India edged up to 2.07% in August, according to official data, a rise of 46 basis points from July. While overall inflation increased, food inflation remained negative for the third consecutive month, although it improved slightly. The rise in inflation was primarily driven by increases in the prices of vegetables, meat, fish, and other items.

India is poised to become a global manufacturing leader. Maruti Suzuki India's MD and CEO, Hisashi Takeuchi, highlighted India's strengths. These include a large workforce and a growing economy. Government support and innovation are also key. He cited policy stability as crucial for realizing this potential. India aims to be a trusted and sustainable manufacturing hub.

India's foreign exchange reserves witnessed a substantial increase of $4.038 billion, reaching $698.268 billion in the week ending September 5, according to the Reserve Bank of India. This surge was primarily fueled by a significant rise in gold holdings, which jumped by $3.53 billion. Foreign currency assets also contributed, increasing by $540 million.

Silver prices soared to a record high in the domestic futures market, reaching Rs 1,30,000 per kilogram. This surge is fueled by strong investor anticipation of a US Federal Reserve rate cut next week. Globally, silver futures also hit a 14-year high, driven by robust industrial demand and persistent supply constraints.

SEBI has approved a series of reforms aimed at broadening market participation and enhancing investor protection. These changes include easing IPO norms for large firms, increasing anchor investor allocations, and simplifying market access for trusted foreign institutions. The regulator also eased AIF framework, reclassified REITs, and strengthened governance standards for market intermediaries.

The US Treasury is pushing G7 and EU partners to impose tariffs on Chinese and Indian imports of Russian oil, aiming to cut off funding for Putin's war in Ukraine. While Trump has already levied tariffs on Indian goods, he's hesitant to do the same with China due to trade sensitivities.

Gold and silver prices reached new highs due to global demand and expectations of a US Federal Reserve interest rate cut. In Delhi, gold hit Rs 1,13,800 per 10 grams, and silver crossed Rs 1,32,000 per kilogram. Gold has gained significantly this year. Silver also saw a sharp increase, driven by industrial demand and ETF inflows.

Tata Power launched Mumbai's first MegaCharger hub amid concerns about a skilled manpower shortage hindering EV infrastructure growth. A TERI-MBRDI study emphasizes the urgent need for trained professionals to manage charging stations, highlighting gaps in training and standardization. While public charging points have increased significantly, experts stress that talent readiness must align with hardware deployment to sustain India's EV transition.

Wall Street experienced a slight rise, poised for its best week in five, fueled by anticipation of a Federal Reserve interest rate cut. Investor sentiment is optimistic, driven by hopes that the Fed will ease rates to support growth. Mixed global market performance and rising Treasury yields reflect investor considerations of upcoming Fed actions.

Urban Company's Rs 1,900-crore IPO saw overwhelming investor demand, being oversubscribed 103.63 times. The IPO, priced at Rs 98-103 per share, aims to raise funds for technology development, marketing, and general corporate purposes. The platform offers diverse home and beauty services across India, the UAE, Singapore, and Saudi Arabia.

John Bolton has criticized Donald Trump's tariff policy on India as inappropriate, warning it could strain relations. He also refuted Trump's claim of brokering peace between India and Pakistan. Bolton highlighted the erratic nature of imposing tariffs on India for Russian purchases while overlooking larger buyers like China, advising India to prioritize long-term ties with the US and view Trump's actions as temporary.