Weekly News Platter
The Economic Times

Weekly News Platter

12 Sep, 2026, 05:15PM IST, PTI


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In case you had a busy week, these are the top stories you need to get caught up to speed...
BRICS at 20 enters coming-of-age phase, PM Modi calls for ambitious agenda for next two decadesBRICS at 20 enters coming-of-age phase, PM Modi calls for ambitious agenda for next two decades
Prime Minister Narendra Modi formally opened the BRICS summit in New Delhi. He stated the grouping has reached a coming of age moment. Modi urged BRICS to chart an ambitious new agenda for the next twenty years. He proposed a secure digital repository to track BRICS initiatives and their implementation. The grouping's journey has created an opportunity for concrete action and greater respect. Read more
Rs 2.5 crore retirement corpus: Can you get Rs 2 lakh monthly income for 25 years?Rs 2.5 crore retirement corpus: Can you get Rs 2 lakh monthly income for 25 years?
Strategic planning of retirement withdrawals from a Rs 2.5 crore fund is essential for financial security. Adopting a conservative withdrawal rate that is lower than the annual returns can help sustain the corpus. By gradually increasing withdrawals based on a fixed percentage, retirees can plan for better financial longevity. Moreover, beginning with lower withdrawals and scaling them up annually contributes positively to corpus preservation. Read more
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Shapoor Mistry eyes ₹25,000 crore in two years for part of SP's Tata stakeShapoor Mistry eyes ₹25,000 crore in two years for part of SP's Tata stake
Shapoor Mistry seeks ₹25,000 crore from Tata Sons for SP Group's stake. This proposal aims to raise cash while preserving Tata Sons' private status. Discussions are ongoing regarding transaction structure and valuation for a potential buyback. SP Group faces pressure from lenders and needs to monetize its holding. Monetization amount will depend on valuations and immediate funding needs. Read more
Taxable income below Rs 12 lakh: Will you pay zero tax if this income includes LTCG and STCG?Taxable income below Rs 12 lakh: Will you pay zero tax if this income includes LTCG and STCG?
Indian residents and HUFs can use the basic exemption limit to lower capital gains tax. This provision under the Income Tax Act, 2025, remains available for Tax Year 2026-2027. Unused portions of the exemption limit can offset special-rate capital gains after normal income is accounted for. Non-residents, firms, and companies cannot claim this specific tax adjustment. Read more
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Coca-Cola CEO says don’t chase ‘irrational’ pricing as Campa Cola goes ₹10Coca-Cola CEO says don’t chase ‘irrational’ pricing as Campa Cola goes ₹10
Coca-Cola will not overreact to rivals' pricing strategies in India. The company focuses on fundamentals like brands and revenue growth management. Reliance's Campa Cola has emerged as a significant challenger in the market. Newer entrants are increasing their market share with popular price points. Coca-Cola plans to boost marketing and distribution spending to compete. Read more
Adani emerges key Russia defence partner in India; HAL, Bharat Dynamics on boardAdani emerges key Russia defence partner in India; HAL, Bharat Dynamics on board
Adani Defence is partnering with Russian manufacturers for advanced air defence systems. This collaboration focuses on co-production of weapons like the Pantsir in India. Contracts for Igla-S and Verba missiles are already in progress. Russia is also deepening ties with state-run firms like HAL and BDL. However, some Russian defence proposals have not gained traction with Indian forces. Read more
From Sochi to a parked car: How Modi-Putin built a private channelFrom Sochi to a parked car: How Modi-Putin built a private channel
The Modi-Putin relationship has developed an unusual diplomatic rhythm over the past decade: private dinners, boat rides, estate tours and even an extended conversation inside Putin’s limousine. As geopolitical pressures complicate India-Russia ties, this informal channel has helped the two leaders discuss disagreements away from the formal negotiating table. Read more
Railways to upgrade older trains with 6,000-HP locomotivesRailways to upgrade older trains with 6,000-HP locomotives
Indian Railways will procure new energy-efficient locomotives for passenger trains. These powerful engines will operate in a push-pull format, enabling smoother and faster journeys. The modern locomotives will also eliminate the need for separate power generator cars. This upgrade will bring more comfortable travel to non-Vande Bharat trains. Read more
SBI's 80 paise masterstroke: How NSE IPO could deliver Rs 2,850 crore jackpot and 2,23,025% returnSBI's 80 paise masterstroke: How NSE IPO could deliver Rs 2,850 crore jackpot and 2,23,025% return
SBI is set to potentially book a massive profit from the NSE IPO by selling up to 1.60 crore shares acquired at a weighted-average cost of just 80 paise each. At the upper price band of Rs 1,785, the stake sale could fetch around Rs 2,850 crore, implying a staggering 223,025% return. Read more
Apple’s pricing gap takes a bite out of iPhone sales outlook in IndiaApple’s pricing gap takes a bite out of iPhone sales outlook in India
Apple's new iPhone Duo pricing in India is significantly higher than in other markets. Retailers fear this price difference will encourage grey market sales and personal imports. Market researchers have lowered their outlook for Apple's iPhone unit sales in India. Higher prices for existing models also impact demand for older iPhones. This situation creates challenges for Indian retailers and the government's revenue. Read more
Forbes Top Universities: Degrees from these 25 colleges come with six-figure paycheques and the best ROIForbes Top Universities: Degrees from these 25 colleges come with six-figure paycheques and the best ROI
Princeton has topped Forbes’ 2027 ranking of US colleges offering the best return on investment, but lower-cost public colleges are the surprise winners. Seven CUNY institutions made the top 10, showing that strong graduate earnings combined with low tuition can rival elite universities on financial payoff. Read more
Vijay Mallya continues to evade Indian law, recovery of assets doesn't absolve him: EDVijay Mallya continues to evade Indian law, recovery of assets doesn't absolve him: ED
Vijay Mallya continues to evade legal processes in India. The Enforcement Directorate stated debt recovery does not absolve him of charges. Properties worth over fourteen thousand crore rupees were handed to banks. Mallya left India in March 2016 and remains elusive. Money laundering charges persist despite substantial asset restoration. Read more
Nearly a third of India's coal power plants have critical low fuel stocksNearly a third of India's coal power plants have critical low fuel stocks
Nearly a third of India’s coal-fired power plants are running critically low on fuel as electricity demand stays near record levels amid prolonged hot weather. The number of plants with critical coal stocks rose to 59 by September 9, prompting increased supplies by rail and road. Read more
SBI-led group of lenders to provide $3.5 billion debt to Vodafone IdeaSBI-led group of lenders to provide $3.5 billion debt to Vodafone Idea
Lenders led by State Bank of India will provide Vodafone Idea $3.5 billion debt financing. This funding aims to help the mobile operator rebuild its business and improve its network. Conditions include Kumar Mangalam Birla remaining chairman for the loan's tenure. Indian authorities previously provided a lifeline by capping past spectrum payouts. These actions have helped Vodafone Idea's shares climb significantly this year. Read more
Bank deposits grow 17.8% in August, fastest in decade as FCNR-B inflows mask local mobilisation woesBank deposits grow 17.8% in August, fastest in decade as FCNR-B inflows mask local mobilisation woes
Bank deposits grew 17.8% year-on-year at the end of August, the fastest pace in a decade, driven largely by a surge in FCNR-B deposits after RBI opened a special window for dollar inflows. Credit growth eased slightly to 19.1%, while banks continued to face challenges in mobilising domestic savings. Read more
Karnataka government limits Vande Mataram to two stanzas at official eventsKarnataka government limits Vande Mataram to two stanzas at official events
Karnataka's Congress government has ordered singing only the first two stanzas of Vande Mataram. This directive applies to state-organized programmes, excluding those with top dignitaries. The Union Home Ministry had previously directed singing all six stanzas of the national song. This decision aligns with the Congress Working Committee's 1937 resolution on the matter. The state order aims to maintain uniformity and appropriate protocol for national song renditions. Read more
AstraZeneca's breast cancer drug fails in late-stage trialAstraZeneca's breast cancer drug fails in late-stage trial
AstraZeneca's breast cancer drug Etcamah did not meet its main goal in a late-stage trial. The drug showed only a numerical improvement when combined with palbociclib. This marks a setback for the recently approved treatment, which received accelerated approval. U.S.-listed shares of AstraZeneca experienced a decline in aftermarket trading. Trial data will be shared by the company in due course. Read more
Pakistan killed Palestinians for Jordan. Will it kill Houthis for Saudi?Pakistan killed Palestinians for Jordan. Will it kill Houthis for Saudi?
Houthi attacks near Saudi Arabia have intensified, prompting a cautious response from Pakistan. Pakistan's defence pact with Saudi Arabia and Turkey is now being tested by these events. The nation is carefully balancing its relationship with Saudi Arabia and its neighbor Iran. Historical military ties with Arab nations are noted, but current geopolitical complexities differ. Pakistan seeks to maintain its mediator role while assessing its pact obligations. Read more
Hafiz Saeed in Pakistan, evading arrest, NIA tells Jammu court; second NBW issuedHafiz Saeed in Pakistan, evading arrest, NIA tells Jammu court; second NBW issued
A Jammu Special NIA Court has issued a second non-bailable warrant against Lashkar-e-Taiba founder Hafiz Saeed, with the agency telling the court that the designated terrorist is in Pakistan and allegedly directing terror operations in Kashmir by providing weapons, funds and instructions. Read more
Rahul Gandhi to be INDIA bloc's PM candidate in 2029 Lok Sabha polls: Tamil Nadu Minister ViswanathanRahul Gandhi to be INDIA bloc's PM candidate in 2029 Lok Sabha polls: Tamil Nadu Minister Viswanathan
Tamil Nadu Higher Education Minister P Viswanathan affirmed Rahul Gandhi as the Congress party's prime ministerial candidate for 2029. He stated there was no hesitation in declaring the Congress party's clear and firm position. Viswanathan dismissed speculation about Tamil Nadu Chief Minister Vijay as a prime ministerial contender. He expressed confidence in the Left parties joining their alliance for upcoming elections. Read more
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