Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday as the market continued to react positively to GST rate cute announcements. While Nifty50 was above 24,800, BSE Sensex was up almost 300 points.
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Punjab CM Bhagwant Mann, down with viral fever, missed accompanying Arvind Kejriwal on a tour of flood-affected areas. Kejriwal, after visiting Mann, assessed the flood situation in Sultanpur Lodhi. His visit coincides with controversy surrounding AAP MLA Harmeet Singh Pathanmajra, accused of rape and other charges. Pathanmajra's arrest attempt sparked a political row, with allegations of revenge politics surfacing.
Labor Day, celebrated on the first Monday of September, honors American workers and their contributions to the US economy. Many banks, government offices, and the stock market will be closed. While some retail stores like Costco will be closed, others such as Walmart and Trader Joe's will remain open, with pharmacy hours varying by location.
Union Minister Ashwini Vaishnaw introduced Vikram-32, India's first indigenous 32-bit processor, developed by ISRO's SCL. Designed to endure extreme space conditions, it succeeds the VIKRAM160. The processor features a 32-bit architecture, operates at 100 MHz, and includes built-in testability, marking a significant advancement in India's semiconductor capabilities.
Justice Vishal Mishra withdrew from an illegal mining case. This happened after Sanjay Pathak, a BJP MLA, contacted him. Pathak's son and mother are directors of Nirmala Minerals. The company faces accusations of illegal mining in Jabalpur and Katni. A petition was filed after inaction on a complaint. The case is now before the Chief Justice.
Nodirbek Abdusattorov ignited a pre-tournament buzz by confidently predicting D Gukesh's title loss, adding intrigue to the FIDE Grand Swiss 2025. While Gukesh aims to test himself in the Swiss format despite already securing his title match spot, Abdusattorov's remark intensifies the competition, especially with Candidates Tournament qualification at stake for many participants.
Elon Musk could become the world's first trillionaire under a new Tesla pay plan tied to ambitious performance goals. The plan, requiring up to a 10-year commitment, hinges on Tesla achieving unprecedented targets in market capitalization, vehicle deliveries, and robotics deployment. Shareholder approval is needed for this historic compensation package.
The Trump administration is proposing fixed admission periods for foreign students, exchange visitors, and media representatives, ending the "duration of status" policy to curb visa abuse and enhance oversight. Commerce Secretary Howard Lutnick announced plans for a "gold card" initiative for wealthy investors and H-1B visa program changes.
Finance Minister Nirmala Sitharaman announced significant GST rate cuts, effective September 22, bringing relief to the common man. Daily use items like hair oil, soaps, and toothpaste now fall under the 5% tax bracket. Several items, including ultra-high temperature milk and paneer, face zero tax. Air conditioners, TVs, and small cars are now taxed at 18%.
Rashid Khan etched his name in T20I history, becoming the highest wicket-taker as Afghanistan defeated UAE by 38 runs. Khan's 3/21 restricted UAE to 150/8, surpassing Tim Southee's record. Afghanistan posted 188/4, fueled by Ibrahim Zadran's 63 and Sediqullah Atal's 54. Despite Muhammad Waseem's 67, UAE faltered. This victory marks Afghanistan's comeback in the tri-series after losing to Pakistan.
Silvestre de Sousa's ex-wife, Victoria, faces assault charges for allegedly attacking the champion jockey in July. Prosecutors accuse the 39-year-old of wounding the 44-year-old rider with intent to cause serious harm. Despite the ongoing legal battle, Silvestre de Sousa continues his successful racing career, securing significant wins, including a victory at Yarmouth the day after the alleged incident.