Tata Trusts has challenged N. Chandrasekaran’s tenure extension as illegal, sending several Tata Group stocks down as much as 8%. The setback follows the Reserve Bank of India’s rejection of Tata Sons’ request to retain its privately held status, while Tata Trusts continues to oppose a proposed IPO.
11:53 PMEconomic Times99 stories from 3 sources
Tata governance fight collides with shifting capital and trade risks
Day’s Recap
Supporting Articles

Tata Sons faces a renewed power struggle as N. Chandrasekaran’s return complicates Noel Tata’s position and intensifies tensions with the group’s majority shareholder.
10:33 PMBloomberg Markets
The US House has advanced a measure that could impose a 100% tariff on countries buying Russian oil, putting India’s energy trade and access to the US market under greater pressure.
1:33 AMBBC
India bought a record volume of US Treasuries in July, supported by large overseas capital inflows attracted through special central bank facilities. The purchases increased the country's holdings of highly liquid dollar assets.
2:18 AMBloomberg MarketsBajaj Life's CIO says small- and midcap stocks are trading at premiums of up to 50% after years of outperformance. Largecaps now offer more attractive valuations, stronger earnings visibility and greater scope for recovery.
11:38 PMEconomic Times
High-frequency trading firms have earned billions in India's derivatives markets while retail investors recorded heavy losses. The debate centers on whether algorithmic trading improves price discovery or exploits structural advantages over individual traders.
4:01 AMBloomberg MarketsVeegaland Developers shares listed at a 10% premium to the IPO price on the NSE and 7.86% on the BSE, beating muted grey-market expectations. The Rs 210 crore IPO was subscribed 14.60 times, while the company reported a 30% rise in FY26 total income.
11:08 PMEconomic TimesElevate Campuses has set a price band of Rs 343 to Rs 362 for its Rs 2,100 crore IPO, which opens on September 23. The company plans to use the proceeds mainly for acquisitions and debt repayment after reporting strong FY26 revenue and profit growth.
11:55 PMEconomic TimesBharat Electronics has received additional orders worth Rs 648 crore since late August for laser-based infrared jammers, communication systems, cybersecurity and artificial intelligence software. The wins add to a strong order pipeline amid wider defence procurement approvals, while the stock has faced recent pressure after a 183% three-year rally.
11:29 PMEconomic TimesTCS, Tata Chemicals, other Tata stocks tumble up to 8% as Tata Trusts calls Chandrasekaran’s tenure extension illegal
Summary
Tata Trusts has challenged N. Chandrasekaran’s tenure extension as illegal, sending several Tata Group stocks down as much as 8%. The setback follows the Reserve Bank of India’s rejection of Tata Sons’ request to retain its privately held status, while Tata Trusts continues to oppose a proposed IPO.
The dispute now threatens both Chandrasekaran’s board position and Tata Sons’ ownership structure. With Tata
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A governance fight at the group’s apex company is now creating direct valuation risk across Tata-listed businesses.
2 stories · 2 sources

Tata Sons Power Struggle Deepens as Chandra’s Return a Setback for Noel
Summary
Tata Sons faces a renewed power struggle as N. Chandrasekaran’s return complicates Noel Tata’s position and intensifies tensions with the group’s majority shareholder.
The leadership contest is becoming a governance issue, not just a succession dispute. A prolonged
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The outcome could reshape control and succession across one of India’s most influential business groups.

India faces 100% tariff threat over Russian oil after US House vote
Summary
The US House has advanced a measure that could impose a 100% tariff on countries buying Russian oil, putting India’s energy trade and access to the US market under greater pressure.
India now faces a direct choice between preserving discounted Russian crude supplies and protecting its
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The threat turns India’s Russian oil strategy into a broader trade and foreign-policy liability.

India’s Purchase of US Treasuries Hits Record on Capital Inflows
Summary
India bought a record volume of US Treasuries in July, supported by large overseas capital inflows attracted through special central bank facilities. The purchases increased the country's holdings of highly liquid dollar assets.
The record buying reflects the scale of capital entering India and the Reserve Bank of
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Strong inflows are expanding India's reserves while increasing its exposure to US monetary policy.
Small and midcap trade at up to 50% premium, says Bajaj Life CIO. Why largecaps look better now
Summary
Bajaj Life's CIO says small- and midcap stocks are trading at premiums of up to 50% after years of outperformance. Largecaps now offer more attractive valuations, stronger earnings visibility and greater scope for recovery.
The valuation gap has shifted the risk-reward balance toward largecaps. Investors may need to reduce
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Market leadership could rotate from richly valued small and midcaps toward more reasonably priced large companies.

How High Speed Traders Made Billions in India
Summary
High-frequency trading firms have earned billions in India's derivatives markets while retail investors recorded heavy losses. The debate centers on whether algorithmic trading improves price discovery or exploits structural advantages over individual traders.
The gains show how India's derivatives boom has transferred value toward firms with faster technology,
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India's derivatives growth may be widening the gap between professional trading firms and ordinary investors.
Veegaland Developers shares list at 10% premium over IPO price on NSE
Summary
Veegaland Developers shares listed at a 10% premium to the IPO price on the NSE and 7.86% on the BSE, beating muted grey-market expectations. The Rs 210 crore IPO was subscribed 14.60 times, while the company reported a 30% rise in FY26 total income.
The listing premium shows stronger day-one demand than informal market pricing had implied, supported by
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The debut gives Veegaland early market validation but shifts attention from IPO demand to sustained earnings and liquidity.
Elevate Campuses IPO price band set at Rs 343–362; Rs 2,100 crore issue opens September 23
Summary
Elevate Campuses has set a price band of Rs 343 to Rs 362 for its Rs 2,100 crore IPO, which opens on September 23. The company plans to use the proceeds mainly for acquisitions and debt repayment after reporting strong FY26 revenue and profit growth.
The issue asks investors to fund both expansion and balance-sheet repair, making execution of acquisitions
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Investors are being asked to pay for an expansion strategy whose returns depend on acquisition discipline and debt reduction.
BEL shares in focus as PSU receives orders worth Rs 648 crore since late August. What’s ahead after 183% rally in 3 years?
Summary
Bharat Electronics has received additional orders worth Rs 648 crore since late August for laser-based infrared jammers, communication systems, cybersecurity and artificial intelligence software. The wins add to a strong order pipeline amid wider defence procurement approvals, while the stock has faced recent pressure after a 183% three-year rally.
The new orders reinforce BEL's revenue visibility and its position in India's defence electronics push.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
BEL combines strong structural demand with a higher bar for execution after its sharp share-price appreciation.
Other Developments
A curated list of other prominent stories from this day.
Four Nifty500 stocks, including Adani Energy Solutions, closed more than 1.5% above their volume-weighted average prices on September 17, according to a technical scan. The move indicates that these shares finished above the average price paid during the session.
11:57 PMEconomic TimesDEE Development Engineers is moving from a capex-heavy expansion phase toward higher capacity utilisation, faster asset turns and stronger operating cash flow. The company is also targeting opportunities in nuclear power, data centres and hydrogen.
11:49 PMEconomic TimesNo substantive market update or company-specific information was provided for Tata Consumer.
11:45 PMEconomic TimesNo substantive market update or company-specific information was provided for Eicher Motors.
11:40 PMEconomic TimesInterGlobe Aviation raised IndiGo’s domestic charges for services including infant travel, excess baggage, priority check-in and priority boarding, increasing costs beyond base fares. The changes follow a Rs 238 crore loss in the first quarter of fiscal 2027, despite strong revenue growth and expanding domestic and international operations, while IndiGo shares rose 2%.
11:35 PMEconomic TimesJioBlackRock Mutual Fund's Balanced Advantage Fund uses a rules-based model that combines global risk sentiment with four domestic signals to set equity exposure. It then screens 250 stocks across factors such as momentum, value, quality and sentiment, with BlackRock's Aladdin platform helping construct a 50 to 75 stock portfolio after accounting for risk and trading costs.
11:24 PMEconomic TimesThe live update reports continued strength in Divis Laboratories' share performance. It provides no further substantive detail on earnings, operations or valuation.
11:23 PMEconomic TimesJK Cement is among four stocks identified with a White Marubozu candlestick pattern. The pattern features a long white or green candle with little or no shadow, indicating strong buying through the session.
11:20 PMEconomic TimesHero Motors' Rs 1,000 crore IPO enters its final bidding day with 3.37 times subscription after Day 2, led by retail investors. The issue is priced at Rs 79 to Rs 84, while the grey-market premium implies a potential 7% listing gain; proceeds will fund debt repayment, capacity expansion and acquisitions.
11:18 PMEconomic TimesThe article tracks SBI Life Insurance's current share price and market performance through live updates.
11:15 PMEconomic TimesSonaselection India's Rs 141.57 crore IPO received 47% subscription on its opening day, with retail investors providing the strongest demand. The issue is priced at Rs 94 to Rs 99 per share, closes on September 21 and is scheduled to list on September 24; its grey-market premium stands at 7%.
11:14 PMEconomic TimesHDFC Life Insurance, Vijaya Diagnostic Centre, New India Assurance and Paradeep Phosphates gained more than 5% on September 17 and appeared in StockEdge's RSI Trending Up scan. Their rising RSI readings indicate strengthening recent price momentum.
11:11 PMEconomic TimesThe supplied item contains no substantive details about Mahindra & Mahindra's share-price movement, trading levels or company developments.
11:11 PMEconomic TimesThe supplied item contains no substantive details about Bajaj Auto's share price, trading activity or company-specific developments.
11:10 PMEconomic TimesThe supplied item provides no supporting details on Adani Ports SEZ's price movement, trading volume or the factors behind the reported positive momentum.
11:05 PMEconomic TimesThe supplied item contains no substantive details about Cipla's share price, trading activity or company developments.
10:59 PMEconomic TimesThe supplied item contains no substantive details about Maruti Suzuki's share price, trading activity or company-specific developments.
10:57 PMEconomic TimesUltraTech Cement's share price rose even as the stock remained in monthly loss territory. The move indicates a short-term recovery within a weaker recent trend.
10:57 PMEconomic TimesThe article provides live updates on Tech Mahindra's share price and key stock details. No specific price movement or market trigger is provided in the available information.
10:57 PMEconomic TimesThe article tracks Sun Pharma's live share price and related stock details. The available information does not specify a particular price move, earnings development, or regulatory event.
10:56 PMEconomic TimesAdani Energy Solutions among 4 stocks closing above VWAP
Summary
Four Nifty500 stocks, including Adani Energy Solutions, closed more than 1.5% above their volume-weighted average prices on September 17, according to a technical scan. The move indicates that these shares finished above the average price paid during the session.
Closing well above VWAP points to strong intraday buying relative to traded volume, but it
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The scan identifies short-term momentum candidates, not necessarily stocks with validated long-term upside.
ETMarkets Management Talk | Nuclear, data centres, hydrogen: DEE Development Engineers maps its next growth phase, says Shikha Bansal
Summary
DEE Development Engineers is moving from a capex-heavy expansion phase toward higher capacity utilisation, faster asset turns and stronger operating cash flow. The company is also targeting opportunities in nuclear power, data centres and hydrogen.
The strategic shift puts execution and cash generation ahead of simply adding capacity. New-sector opportunities
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
DEE’s next phase will be judged by cash conversion and asset productivity, not by capacity additions alone.
Tata Consumer Share Price Live Updates: Tata Consumer's Trading Insights
Summary
No substantive market update or company-specific information was provided for Tata Consumer.
The supplied material does not show what moved the stock or whether investors responded to
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Tata Consumer's valuation requires a specific catalyst and operating context, neither of which is available in the supplied update.
Eicher Motors Share Price Live Updates: Eicher Motors Trading Insights
Summary
No substantive market update or company-specific information was provided for Eicher Motors.
The supplied material does not provide a price change, trading volume, sales figure, or company
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The absence of a stated catalyst makes the reported trading status insufficient for assessing Eicher Motors' outlook.
IndiGo shares rise 2% after India’s largest airline hikes excess baggage and priority service prices
Summary
InterGlobe Aviation raised IndiGo’s domestic charges for services including infant travel, excess baggage, priority check-in and priority boarding, increasing costs beyond base fares. The changes follow a Rs 238 crore loss in the first quarter of fiscal 2027, despite strong revenue growth and expanding domestic and international operations, while IndiGo shares rose 2%.
The market appears to view higher ancillary fees as a credible margin-repair measure after rising
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India’s largest airline is relying more heavily on unbundled fees to offset cost pressure and protect profitability.
Six factors, 250 stocks and one model: How JioBlackRock is building portfolios
Summary
JioBlackRock Mutual Fund's Balanced Advantage Fund uses a rules-based model that combines global risk sentiment with four domestic signals to set equity exposure. It then screens 250 stocks across factors such as momentum, value, quality and sentiment, with BlackRock's Aladdin platform helping construct a 50 to 75 stock portfolio after accounting for risk and trading costs.
The model shifts portfolio construction from discretionary calls toward systematic allocation and factor selection. Its
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The fund brings institutional-style quantitative allocation to a market where balanced funds have traditionally relied more heavily on manager judgment.
Divis Labs Share Price Live Updates: Divis Labs Current Price Update
Summary
The live update reports continued strength in Divis Laboratories' share performance. It provides no further substantive detail on earnings, operations or valuation.
The absence of operating data makes the share move difficult to assess as an investment
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A rising share price alone does not establish that Divis Laboratories' earnings outlook has improved.
JK Cement among 4 stocks showing White Marubozu pattern
Summary
JK Cement is among four stocks identified with a White Marubozu candlestick pattern. The pattern features a long white or green candle with little or no shadow, indicating strong buying through the session.
The pattern signals short-term buying momentum, not a confirmed change in business fundamentals. Traders may
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
JK Cement has attracted technical buying, but the signal needs confirmation before it can support a durable investment view.
Hero Motors IPO Day 3 GMP: Issue subscribed over 4x, GMP at 7% — Should you subscribe?
Summary
Hero Motors' Rs 1,000 crore IPO enters its final bidding day with 3.37 times subscription after Day 2, led by retail investors. The issue is priced at Rs 79 to Rs 84, while the grey-market premium implies a potential 7% listing gain; proceeds will fund debt repayment, capacity expansion and acquisitions.
Demand is strongest among retail investors, but grey-market pricing points to only a modest near-term
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The issue has attracted demand, but investors must weigh a limited implied listing gain against execution and post-IPO growth risks.
SBI Life Share Price Live Updates: SBI Life's Current Price and Market Performance
Summary
The article tracks SBI Life Insurance's current share price and market performance through live updates.
No specific price movement, trading trigger, or market development is provided in the available summary.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
SBI Life's price and trading activity offer a real-time signal of investor sentiment toward India's listed life-insurance sector.
Sonaselection India IPO Day 2: GMP at 7%. Check subscription status and key details
Summary
Sonaselection India's Rs 141.57 crore IPO received 47% subscription on its opening day, with retail investors providing the strongest demand. The issue is priced at Rs 94 to Rs 99 per share, closes on September 21 and is scheduled to list on September 24; its grey-market premium stands at 7%.
The opening response remains moderate and does not yet establish broad investor conviction. The 7%
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The IPO has a tentative market reception, making final subscription and institutional demand important signals.
HDFC Life Insurance Company among 4 stocks showing RSI trending up
Summary
HDFC Life Insurance, Vijaya Diagnostic Centre, New India Assurance and Paradeep Phosphates gained more than 5% on September 17 and appeared in StockEdge's RSI Trending Up scan. Their rising RSI readings indicate strengthening recent price momentum.
The immediate shift is technical momentum, not a confirmed change in business fundamentals. Traders may
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The four stocks have entered momentum screens that can attract short-term trading interest while offering limited evidence about long-term value.
M&M Share Price Live Updates: M&M's Stock Price Movement
Summary
The supplied item contains no substantive details about Mahindra & Mahindra's share-price movement, trading levels or company developments.
No market shift can be assessed from the available information. Investors would need the stock's
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Without the underlying data, the update does not support an actionable view on M&M.
Bajaj Auto Share Price Live Updates: Bajaj Auto Stock Details
Summary
The supplied item contains no substantive details about Bajaj Auto's share price, trading activity or company-specific developments.
No clear change in investor sentiment or business expectations can be identified. A useful assessment
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The absence of market data makes this update insufficient for judging Bajaj Auto's near-term direction.
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Shows Positive Momentum
Summary
The supplied item provides no supporting details on Adani Ports SEZ's price movement, trading volume or the factors behind the reported positive momentum.
The stated direction cannot be evaluated without the size and duration of the gain or
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The headline signals strength, but the missing data prevents a reliable assessment of whether the move is investable or merely technical.
Cipla Share Price Live Updates: Cipla Stock Details
Summary
The supplied item contains no substantive details about Cipla's share price, trading activity or company developments.
No change in expectations for Cipla's earnings, products or valuation can be inferred. Investors would
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The update offers no basis for determining Cipla's near-term market direction.
Maruti Suzuki Share Price Live Updates: Maruti Suzuki Stock Details
Summary
The supplied item contains no substantive details about Maruti Suzuki's share price, trading activity or company-specific developments.
No market-moving shift can be identified from the available information. The relevant tests would include
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Investors cannot distinguish a routine price update from a meaningful change in Maruti Suzuki's outlook without those details.
UltraTech Cem Share Price Live Updates: UltraTech Cement's price rises amid monthly losses
Summary
UltraTech Cement's share price rose even as the stock remained in monthly loss territory. The move indicates a short-term recovery within a weaker recent trend.
The key shift is a daily rebound that has not yet reversed the broader monthly
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The conflicting time frames caution against treating one positive session as evidence that UltraTech's weakness has ended.
Tech Mahindra Share Price Live Updates: Tech Mahindra Stock Details
Summary
The article provides live updates on Tech Mahindra's share price and key stock details. No specific price movement or market trigger is provided in the available information.
The available information does not establish a clear change in Tech Mahindra's valuation or investor
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Without the underlying market data, the page offers monitoring value but no actionable signal.
Sun Pharma Share Price Live Updates: Sun Pharma Stock Details
Summary
The article tracks Sun Pharma's live share price and related stock details. The available information does not specify a particular price move, earnings development, or regulatory event.
No decisive shift in Sun Pharma's market position can be inferred from the supplied details.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The page is a market reference, but the supplied information does not support a directional investment conclusion.
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