US-Iran Conflict, Oil Rally, Modi-Putin Talks, NSE IPO & More - The Week That Was

The week starting on September 7 remained highly volatile for markets with a mix of global uncertainty, rising oil prices and expectations of interest rates hike by US Federal Reserve, while corporate India saw several important developments. Here are few top stories from this week -
US-Iran Conflict
Tensions between US and Iran escalated again this week following a brief pause as US Central Command (CENTCOM) reported that the American forces attacked five Iranian oil tankers in the Gulf of Oman and near Kharg Island. Iran responded by launching ballistic missiles at a US base in Jordan and targeted multiple commercial and military vessels near the Strait of Hormuz.

Oil Prices Cross $100
Oil prices rose over $100 a barrel this week, for the first time in nearly four months, even  hitting $109 before retreating on Friday. Crude prices are track for a weekly gain of around 8% to 9%.  Following this surge, benchmark indices such as Sensex and Nifty fell, posting consecutive sessions of losses, while Wall Street and Asian markets also declined. 

Modi-Putin Talks

Ahead of BRICS Summit, Prime Minister Narendra Modi conducted bilateral talks with Russian President Vladimir Putin on Friday, September 11. PM Modi raised the issue of  the safety of Indian seafarers in the Black Sea, and emphasised India's support for any peace initiative to end the Ukraine conflict as both leaders agreed boost bilateral trade ties amid ongoing geopoltical uncertainties.

ALSO READ: SEBI To Issue CAS Consultation Paper On Saturday; Derivative Settlement Price Methodology May See Tweak

NSE IPO Price Band
On Friday, September 11, National Stock Exchange (NSE) announced price band for its much awaited initial public offering (IPO). The public issue will open for subscription on September 17, paving the way for the bourse's listing and close on September 21. The bidding for anchor investors will take place on September 16. NSE IPO price band has been set at Rs 1,700 to Rs 1,785 per share, according to the red herring prospectus (RHP). The IPO lot size is 8 shares, and the minimum investment amount required by a retail investor is Rs 14,280.

US Inflation Data
The US consumer price index rose by more than expected last month, strengtehning the case for Federal Reserve officials to raise interest rates next week. The consumer price index, excluding food and energy, advanced 0.3% in August from a month earlier, according to Bureau of Labor Statistics data released on Friday. According to Bloomberg median estimate, 0.2% increase was estimated. 
 

Global Fintech Fest 

The Global Fintech Fest (GFF), annual gathering focused fintech and the wider financial services ecosystem, with participation from more than 80 countries was conducted from September 8 to September 11, 2026. PM Narendra Modi, Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra, SEBI Chairman Tuhin Kanta Pandey were some of the notable speakers at the event.

ALSO READ: NSE IPO: No Application Filed With SEBI To Trade Own Shares On NSE, Says MD

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Rani Mukerji Awarded For Her Contribution To Cinema, Speaks In Marathi

Over the years, actor Rani Mukerji has taken on a wide range of roles and delivered each of them with sincerity. The Chalte Chalte star has been honoured with the Raj Kapoor Special Contribution Award for her contribution to cinema. The recognition came as Rani completed three decades in the film industry. The 62nd Maharashtra State Film Awards ceremony was held in Mumbai, bringing together several noted names from the Marathi and Hindi film industries. Maharashtra Chief Minister Devendra Fadnavis and Cultural Affairs Minister Ashish Shelar honoured the award winners at the ceremony.

Dressed in a gorgeous green sari with a broad red border, Rani stole the spotlight. She paired the traditional look with green bangles, a mangalsutra and a gajra, completing the elegant ensemble.

Rani's words after receiving the award struck a chord with the audience. The actor spoke in Marathi and opened up about what made the recognition particularly special for her.

“Namaskar, for me, Maharashtra is not just a state. Maharashtra is my birthplace and it is also my workplace. This is an inseparable part of my life. I was born in this very city and grew up here. This is our very own Mumbai, the city of dreams. It was here that I learned the lessons of life, and it was also this city that taught me about cinema.”

The Black actor also mentioned that she has experienced everything here, both success and failure. And that's why today's honour is special to her. “Because I have received this honour from my own people. I took my first step into this industry at a very young age. At that time, I did not have anyone's support. I simply continued doing all my work with all my heart. For me, cinema is a medium through which we understand people,” Rani added.

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Devendra Fadnavis, while speaking at the ceremony, highlighted the importance of Marathi cinema and theatre. He said that the state government was preparing an action plan to make more cinema halls available for Marathi films.

Rani ended her speech by reiterating her connection with Mumbai and Maharashtra.

“Earlier I was a little girl, then I became an actress, a wife and now a mother. This city has given me so much and has given me the belief that one should never give up in life. I dedicate this award to all the people of Maharashtra, artists, technicians, directors and our film industry. 

“This award will always have a special place in my heart. Because whenever I look at this award, I will always remember my Mumbai and my Maharashtra. Please continue to shower me with your love and blessings. Thank you so much! Jai Hind, Jai Maharashtra!”

Salim Khan, Pandit Hridaynath Mangeshkar and Prasad Oak were also honoured at the event.

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Robinson Creates History, Achieves Remarkable Test Bowling Feat Against Pak

England pacer Ollie Robinson has emerged as the standout figure in Test bowling, boasting the best bowling average among bowlers with 100-plus wickets since the First World War, with an impressive mark of 19.10. He has also reached the 100-wicket milestone in just 24 Tests, making him the joint-fifth-fastest English bowler to achieve the feat since World War II, joining legends Ian Botham, Derek Underwood, Steve Harmison, Graeme Swann and Tony Lock. Robinson achieved the feat during England's third Test against Pakistan in Birmingham on Wednesday. The pacer now has 102 wickets at an exceptional average of 19.10 in 24 Tests, including five five-wicket hauls.

Problems off the field have been compounded by struggles on it, with Pakistan's torrid run in red-ball cricket extending into the third Test. After Babar Azam lost the toss, England captain Joe Root had no hesitation in asking Pakistan to bat first.

Pakistan endured a disastrous start, with their early struggles coming against the backdrop of off-field turmoil that had prompted sweeping changes to the side, including the introduction of three debutants.

England's pace attack maintained complete control over a struggling Pakistan side at lunch on the opening day of the third and final Test at Edgbaston.

Josh Tongue returned impressive figures of 3/23, while opening duo Ollie Robinson and Jofra Archer claimed two wickets apiece.

Robinson once again showcased the frugality that has defined his summer, finishing with figures of 2/9 from eight overs as Pakistan limped to 100/7 at lunch.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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HAL, BEL Key Beneficiaries Of Defence Acquisition Proposals: Kotak Equities

Hindustan Aeronautics Ltd (HAL) and Bharat Electronics (BEL) are likely to be the key beneficiaries of the latest capital acquisition proposals worth Rs 1.10 lakh crore approved by the defence ministry, analysts said.

The Defence Acquisition Council (DAC) on September 7 accorded Acceptance of Necessity (AoN) for procurement proposals worth Rs 1.1 lakh crore, spanning the Army, Navy and Air Force. 

According to Kotak Institutional Equities, nearly 98% of the value is earmarked for domestic industry, making this one of the largest single-sitting indigenous clearances on record. 

For the Indian Army, approvals cover CBRN recce vehicles, high mobility vehicles, self-propelled mechanical mine layers, advanced light helicopters (ALH Dhruv), trawl tanks and Sarvatra bridge systems. 

For Navy, the DAC cleared Arudhra medium-power radars and marine gas turbines for warship propulsion, a pointed import-substitution move. 

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For Air Force, approvals span war-fighting enhancements across fighters, transport aircraft and helicopters, ground-based multi-purpose jammers and a tri-service defense forces secure access card (RFID) system.

“Unlike the import-heavy March 2026 sitting (S-400, medium transport aircraft), this package is a Buy-Indian / IDDM opportunity, with BEL and HAL the likely multi-item beneficiaries,” said Kotak Institutional Equities.

With this, cumulative AoNs since FY24 crossed Rs 18 lakh crore. However, the brokerage firm noted that AoN is an in-principle first step, while RFP-to-contract typically lags two years, so order accrual will be in FY2027-29E. It estimates Rs 6.5 lakh crore – Rs 7 lakh crore of new orders over FY2027-29E as these convert.

BEL, HAL Key Beneficiaries

According to Kotak Equities, BEL screens as the standout multi-item winner present across CBRN systems, Arudhra radars, ground-based jammers, IAF EW upgrades and secure-access cards, extending a visible pipeline after Rs 6,200 crore of order wins earlier in FY2027.

HAL is the biggest single-ticket beneficiary via ALH Dhruv (sole OEM), marine gas-turbine assembly and IAF platform upgrades.

Within the land systems ecosystem, the brokerage firm believes BEML, Larsen & Toubro (L&T), Ashok Leyland Defence, Tata and Bharat Forge stand to gain from high-mobility vehicles, mine-layers, trawl tanks and Sarvatra bridges, a rare large land-mobility clearance.

Kotak Institutional Equities said HAL is its preferred pick in the sector. It has an ‘Add' rating on HAL shares with a target price of Rs 5,305 apiece. It has a ‘Reduce' call on BEL shares with a target price of Rs 420. 

The brokerage firm has maintained its ‘Sell' ratings on Mazagon Dock Shipbuilders, Cochin Shipyard and Solar Industries shares.

ALSO READ: Catch Stock Market Live Udpates Here

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BCCI Breaks Silence On Team India's Asian Games Accommodation Controversy

The Indian cricketers competing at the upcoming Asian Games in Japan will stay at the designated accommodation arranged by the Organising Committee though they are not the five-star hotels they usually get on foreign tours, BCCI vice-president Rajeev Shukla said on Tuesday. Shukla said the issue on the accommodation of the hotels for the cricketers had arisen due to the scarcity of top-rated hotels in Nagoya. He, however, said accommodation of the cricketers was not a big issue and the BCCI and the players are satisfied with the arrangement.

"Whatever they (organisers) are providing, we are staying there and we are keeping a watch what kind of accommodation is being given so that our players are comfortable. Definitely those are not of five-star but a good accommodation," Shukla said at the send-off ceremony of the Indian contingent .

"Whatever has been offered to our cricketers that accommodation we have got the photographs all the way and the videos also of that, so I think it's comfortable. They (cricketers) will be going and staying there because otherwise the options were to make them stay in Osaka or Tokyo that's far away." Indian Olympic Association (IOA) President PT Usha also said that the problem has been sorted out but there still remains some lack of clarity over who booked the rooms for the cricketers.

"No problem, I think. We have already booked (the hotels). For every player, we cannot book hotel rooms because the accommodation is (not) like (Athletes') Village. They (organisers) are providing a ship and small villas also," Usha told PTI.

"We also booked the hotel rooms for the players (other athletes). And the cricketers, BCCI, also have booked the hotel for them. Whatever the best hotel is there in Nagoya or Japan, whatever it is, the best one, the cricketers will get it, just like others (other athletes) get." Shukla said that the cricketers will not be staying at the twin-sharing rooms but in separate ones. The team will leave for Tokyo on September 20 and play a historic T20 against Japan on September 22. India open their Asian Games campaign on September 28.

"The problem was that Nagoya hasn't got many hotels. Tokyo is one and a half hour by bullet train, so is Osaka. But in the Asian Games, all the participants are like families, it doesn't look nice that some teams stay in Tokyo and some in Osaka so it has been decided that our players will live at hotel accommodation there (at Nagoya)." He sought to downplay the accommodation issue, saying the the main issue was the condition of the ground, wickets and dressing rooms.

"The big issue big issue was the ground, wicket and dressing rooms. They (organisers) have addressed those things. Asian Cricket Council's team had gone there and now they (ACC team) are satisfied with the ground, the wickets and dressing rooms, everything is fine." Asked who has arranged the accommodation of the cricketers, Shukla said, "That's being organized by Indian Olympic Association, Asian Games Organising Committee and Japan Cricket Association.

"At the ACC meeting in Bangkok, which I had also participated, 52 representatives from various countries were there. We had a full presentation by Japanese representative and he has assured us that all the arrangements will be made keeping in mind the comfort of the players. They have provided the hotels. If there are gaps or loopholes we will address it." He, however, refused to comment on the details of the hotels the players will stay.

"I haven't got hotels detail, so I cannot comment on that but definitely comfortable accommodation will be provided." India are the defending champions in both the men's and women's competition in the last Asian Games in China.

"India will definitely do well there. We also have a match on September 22 (India vs Japan for Suzuki Cup). It will be the first match in Japan. It's being organized very well as far as Asian Games are concerned. We sending our B team is complete rumour. Or full contingent is going with the most talented players and I hope that we'll definitely win."

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Parineeti Chopra Makes Series Debut With Netflix's Shaque

Actor Parineeti Chopra's upcoming Netflix series Shaque: Trust No One is all set for a September premiere. 

The makers announced that the series will be releasing on September 24. 

Created by Rensil D'Silva and Siddharth P. Malhotra, directed by Rensil D'Silva, and backed by Alchemy Films, Shaque: Trust No One explores the blurry lines between trust and suspicion, instinct and truth, love and obsession.

The ensemble is led by Parineeti Chopra, which also marks her series debut. 

Director and co-creator Rensil D'Silva said, "Shaque is a thriller built on uncertainty. Every revelation raises another question, and every relationship has another layer waiting to be uncovered. What fascinated me was the opportunity to tell a suspenseful story through the deeply emotional journey of a mother who has spent nine years refusing to give up," as per a press release. 

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Speaking about the project, Tanya Bami, Series Head, Netflix India, shared, "Shaque is a gripping emotional crime drama with elements of a thriller, but at its heart, it is a story about a mother's relentless nine-year search for her child. The story effortlessly moves between the emotional intensity of a mother's search and the tension of a tightly woven thriller. The characters are central to this journey, each carrying their own conflicts and secrets, constantly shifting our understanding of what has happened and where the truth lies," the release added. 

Thrilled for his fourth outing with Netflix, creator and producer Siddharth P. Malhotra further added, "When Rensil narrated the story to me, I was hooked. There was something about the world he had created that immediately stayed with me, and I knew I had to be a part of it - that this was a story that needed to be told. Being involved with Rensil as a co-creator and producer, alongside Sapna, has been an absolute pleasure. Shaque: Trust No One is relentless, nerve-wracking, emotional and incredibly pacey. It has everything I look for in a great thriller - a deeply emotional core, complex relationships, unexpected twists and the constant feeling that you are one step away from the truth. It explores that uncomfortable space where trust begins to break down and every relationship starts carrying a question."

Meanwhile, the ensemble cast features Soni Razdan, Anup Soni, Jennifer Winget, Tahir Raj Bhasin, Harleen Sethi, Dhruv Chowdhary, and Sumeet Vyas.

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Duleep Trophy Final: Ishan Kishan Slams Superb 100, Misery For Tilak And Co.

Duleep Trophy Final Highlights, East Zone vs South Zone: East Zone captain Ishan Kishan led the way with a fabulous hundred against Tilak Varma-led South Zone on Day 1 of the Duleep Trophy 2026 final, as they ended on 385/4 in 79 overs at Stumps. Ishan Kishan (111*) and Kumar Kushagra (63*) remained unbeaten at the end. Earlier in the day, Earlier in the day, 15-year-old sensation Vaibhav Sooryavanshi slammed a quickfire 44. His opening partner Abhimanyu Easwaran made 72, and No. 3 batter Shikhar Mohan scored 85. For South Zone, experienced left-arm seamer Chama Milind picked up two wickets, but pace spearhead Mohammed Siraj went wicketless. (Scorecard) (Catch Ball By Ball Updates Here)

Here are the Highlights from East Zone vs South Zone Duleep Trophy 2026 Final Day 1:

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