11:11 | Adani stocks gain post SEBI clean chit, impact of US' pull back of Chabahar waiver on India & more

Good afternoon and TGIF!

Today, we look at Adani stocks, which are rising after SEBI's clean chit in the Hindenburg Case, HDFC, ICICI, Axis's loans to brokers crossing ₹1 lakh crore, and the crucial Trump-Xi meet.

We also look at what's at stake for India as the US pulls back the Chabahar waiver, why ignoring your credit score can cost more than you think and how China's new recipe to energise the economy looks beyond domestic spending.



Adani Group Stocks Live Updates: Jefferies sees 29% upside on Adani Green Energy

Multiple listed entities of the Adani Group, including the two Nifty 50 names - Adani Ports and Adani Enterprises, along with broader market entities such as Adani Power, Adani Energy Solutions, Adani Green Energy, and Adani Total Gas, gained up to 13% in Friday's trading session.

This move comes after the market regulator, Securities and Exchange Board of India (SEBI), gave a clean chit to the Group and its top executives on some allegations made by short seller Hindenburg Research, as it found no violation of laws, fraudulent practices, market manipulation, or insider trading.

The top 3 banks have lent over ₹1 lakh crore to stockbrokers

Advances to stockbrokers by India’s top three private lenders—HDFC Bank, ICICI Bank, and Axis Bank—crossed the ₹1 lakh crore mark for the first time in FY25, buoyed by rising retail participation in the world’s fifth-largest equity market and tighter Reserve Bank of India (RBI) curbs on shadow lenders’ capital market exposure

Apple supplier Redington shares surge over 9% after launch of iPhone 17 in India

Shares of Redington Ltd. a prominent supplier of iPhones in India to Apple Inc. have surged over 9% on Friday, September 19, after the launch of the iPhone 17 models in the country.

Visuals of people queueing up outside the Apple store in Mumbai's Bandra Kurla Complex (BKC) have already been splashed across social media, indicating huge buyer interest for Apple's latest offering.

Top stock picks of the day: Analysts recommend NMDC, Subros, Glenmark, Ashok Leyland, and more

Technical analysts Vinay Rajani - Sr Technical and derivative analyst, HDFC Securities, Mitessh Thakkar of Bonanza Portfolio and Sudeep Shah of SBI Securities share these top stock picks for the day. 

Explainer: What's at stake for India as the US pulls back the Chabahar waiver

The US decision to revoke India's sanctions waiver for Iran's Chabahar Port, effective September 29, is more than a routine sanctions move. It directly affects India's regional outreach and diplomatic balancing. Here's why. 

Why ignoring your credit score can cost more than you think

For many Indians, a credit score is just a number they rarely think about. Yet, overlooking it can cost more than just a rejected loan—it can mean higher interest rates, missed opportunities, and even exposure to identity theft.

A recent study by ZET, a credit score builder platform, found that nearly half of Indian consumers have never checked their credit score. The report highlights how myths, low awareness, and limited financial literacy prevent millions from understanding the role scores play in securing affordable credit. But experts caution that the risks of neglecting one’s credit report go far beyond lending.

Trump and Xi set to discuss the TikTok deal and the future of US-China relations

US President Donald Trump is expected to talk with Chinese leader Xi Jinping on Friday in a push to finalise a deal to allow the popular social media app TikTok to keep operating in the United States.

The call also may offer clues about whether the two leaders might meet in person to hash out a final agreement to end their trade war and provide clarity on where relations between the world's two superpowers may be headed. 

Uber, Ola and Rapido to follow base fares of black-and-yellow taxis in Mumbai

The Mumbai Metropolitan Region Transport Authority (MMRTA) has directed app-based cab and auto aggregators, including Uber, Ola, and Rapido, to adopt the base fares of black-and-yellow taxis until separate rates for them are finalised.

According to an MMRTA letter dated September 16, the current fare structure stands at ₹20.66 per km for non-AC taxis and ₹22.72 per km for AC ones. Aggregators were asked to update their apps with these fares by 5 pm on September 18.

GST 2.0 overhaul: How global practices can help India achieve a seamless transition

As India prepares for a major GST overhaul, experiences from other countries offer valuable pointers on how to simplify rates and strengthen compliance.

India’s Goods and Services Tax is set for a major reset on September 22, 2025, when the long-awaited GST 2.0 comes into force. The overhaul, announced by Prime Minister Narendra Modi on August 15 and cleared by the GST Council on September 3, moves the country from multiple slabs to a simpler framework of 5% and 18%, with a 40% de-merit rate on luxury and ‘sin’ goods.

The government hopes the changes will lift consumption and make tax compliance easier. Similar reforms around the world show both the opportunities and the pitfalls.

Nepal Protests 2025: Unrest shows ‘South Asian Spring’ in action

A week of political unrest has laid bare the depth of Nepal’s frustration with the unchanging and uncaring ways of its government. The country’s Gen Z-led nationwide protests erupted after the government banned major social media platforms in a bid to silence criticism of the lavish lifestyles of political “nepo kids.” Within 48 hours, violence spread across Kathmandu. Ministers were attacked, government buildings torched, and 72 people killed as security forces opened fire. Prime Minister KP Oli resigned soon after and is reportedly seeking exile.

For many, the scenes felt familiar. Nepal’s turmoil mirrors Bangladesh’s youth-led revolt last year that forced then-Prime Minister Sheikh Hasina to resign and flee the country, and Sri Lanka’s 2022 uprising that drove then-President Gotabaya Rajapaksa into exile.

The governments of Nepal, Bangladesh, and Sri Lanka were toppled by youth-led movements that analysts say resemble a "South Asian Spring".

China's new recipe to energise economy looks beyond domestic spending

China has big plans to manufacture whole new experiences for the global audience to drive consumption in its ailing economy — and foreign investors and tourists are at the centre of it.

After months of calls and initiatives to spur spending from domestic consumers, the Asian giant is looking to tap the potential its cultural and traditional allure holds to breathe new life into the sluggish economy.

In August, China's economic slowdown deepened, missing analyst expectations for all key economic indicators. Industrial output hit a 12-month low, growing at 5.2% year-on-year, while retail sales rose 3.4%, missing analyst expectations, down from 3.7% in July.

Now the government wants to go all out to tap its soft power, put state funds in developing domestic markets around it, and wants foreign investors to join in.