Sensex, Nifty Rebound After Two-Day Fall As IT Stocks Rally; Global Cues Lift Sentiment

Infosys Public Services CEO Lax Gopisetty Unreachable After Deadly Nepal Floods

PTI — Sat, 29 Aug 2026 08:03:46 +0530

New Delhi, Aug 28 (PTI) Infosys on Friday said its subsidiary Infosys Public Services' chief Lax Gopisetty is not reachable following the devastating floods in Nepal.

Infosys Public Services, a subsidiary of IT services major Infosys, is mainly focused on the public sector in the US and Canada.

Gopisetty was visiting the region in a personal capacity, the Bengaluru-headquartered IT company said in a statement, adding that its immediate priority was to ensure his safety and well-being.

"We can confirm that our colleague Lax Gopisetty, who was visiting the region in a personal capacity, is currently not reachable," Infosys said.

The company further said it is working with relevant agencies to gather information and establish contact with Gopisetty.

Infosys also said it remains in close communication with his family and is providing all necessary support during the difficult time.

"We remain in close communication with the family and are providing all necessary support during this difficult time. Our thoughts are with Lax and all those affected by this tragedy," Infosys said.

Infosys said it was deeply saddened by the devastating floods in Nepal and the tragic loss of lives.

At least 320 Indians remain missing, and 400 others are stranded on the Chinese side following devastating flash floods along the Nepal-Tibet border, the Ministry of External Affairs (MEA) said on Friday, adding that India stands ready to extend all possible help to Kathmandu to deal with the situation.

The MEA said 153 Indian nationals stranded on the Chinese side have safely crossed over to Nepal.

Twenty-one Indians arrived in New Delhi this afternoon, a day after they reached Kathmandu from the flood-affected areas of Nepal, MEA spokesperson Randhir Jaiswal said.

According to his profile on the Infosys website, Gopisetty advises public sector organisations on strategy, technology, operations, and transformation to support agencies' mission, and oversees company strategy and execution to deliver purposeful objectives.

Prior to his current role, Gopisetty was Global Vice President with Infosys and Head of Business Applications and Digital Workspace Service, where he expanded the practice globally across the Americas, Europe and Asia.

Before joining Infosys, Gopisetty was a Managing Director at Accenture, where he led a segment of the Health and Public Services business in North America. He has also built high-growth practices at BearingPoint, IBM, PwC, and HCL, according to the Infosys website.

(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

Jio Platforms IPO Gets Sebi Approval, Could Become India's Biggest At Rs 37,700 Crore

PTI — Sat, 29 Aug 2026 07:13:03 +0530

Jio Platforms Ltd, the digital services arm of billionaire Mukesh Ambani's Reliance Industries Ltd, has received approval from markets regulator Sebi to proceed with an initial public offering that could raise about USD 3.8 billion, paving the way for what would be the country's largest stock-market listing.

The Securities and Exchange Board of India (Sebi) issued its final observations on August 28, according to an update on the regulator's website.

Jio Platforms had filed its draft IPO papers in June.

"Jio Platforms Limited (JPL), subsidiary of the company, has today, i.e., August 28, 2026, received the observation letter on the Draft Red Herring Prospectus (DRHP) filed for its proposed Initial Public Offer from the Securities and Exchange Board of India," Reliance Industries Limited (RIL) said in a regulatory filing.

The company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base, according to its draft prospectus. The offering could value Jio Platforms at about USD 137 billion, people familiar with the matter said.

At the estimated issue size of about Rs 37,700 crore (USD 3.8 billion), the offering would surpass Hyundai Motor India's USD 3.3 billion-equivalent listing in 2024 and become the largest IPO in India. A proposed IPO by the National Stock Exchange, estimated at about Rs 30,000 crore, would also be smaller.

The proceeds will be used primarily to repay or prepay, in whole or in part, about Rs 27,500 crore of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, according to the draft prospectus. The remainder is earmarked for general corporate purposes.

The public offering comes as India's primary market has remained active, with strong participation from retail investors and domestic institutions. More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026.

Jio Platforms houses Reliance’s digital businesses, including its telecommunications operations.

Reliance Jio Infocomm, the telecom arm of JPL, dominates the Indian telecom market with a 32.89 per cent market share in fixed-line connections, serving 157.9 million customers, and a 39.29 per cent share in mobile connections, with 506 million customers.

The company had more than 53.5 crore subscribers as of July-end, making it the world's second-largest single-country mobile operator by subscriber count after China Mobile.

JPL has the largest 5G Standalone network outside China, with 26.85 crore 5G customers as of June 2026.

Jio leads the Fixed Wireless Access segment globally with about 1.5 crore subscribers, roughly 1.5 times the second-largest player, US-based T-Mobile.

Jio claims that its 5G network's carrying capacity is close to 60 per cent of India's wireless data traffic, one of the largest in the world.

Leveraging its network and data traffic capacity, Jio has expanded business into other areas, including cloud, artificial intelligence and enterprise network services.

Jio Platforms posted a 15 per cent rise in profit after tax to Rs 30,053 crore and a 14.5 per cent increase in the annual revenue to Rs 1,46,885 crore during FY26.

Reliance Industries has also taken shareholders' approval for internal transactions of over Rs 16.64 lakh crore spread over the next five fiscal years involving digital services subsidiaries Jio Platforms and Reliance Jio Infocomm.

The biggest pie of over Rs 13 lakh crore in the overall transaction will go to Reliance Jio from Reliance Retail in lieu of telecom services sold through its retail network.

Jio Platforms has previously attracted major global technology and financial investors.

In 2020, Meta invested Rs 43,574 crore for a 9.99 per cent stake, while Google invested Rs 33,737 crore for a 7.73 per cent holding.

Other investors, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, TPG, L Catterton, the Public Investment Fund, Intel Capital and Qualcomm Ventures collectively invested about Rs 74,745 crore for roughly a 15.2 per cent stake.

Reliance Industries owns about 66.4 per cent of Jio Platforms, and Meta and Google together hold about 17.7 per cent, according to the draft prospectus.

The IPO would be the first public offering from the Reliance group since 2008 and the first IPO of a consumer-focused business within the conglomerate.

While Jio Platforms is chaired by Ambani, his eldest son Akash is its managing director. Akash is also the chairman of Reliance Jio Infocomm Ltd, the telecom part of the company.

(This report has been published as part of an auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

Delhi CNG Price Hiked By Rs 3.89 Per Kg From Today; Check New Rate

Apoorva Gupta — Sat, 29 Aug 2026 06:41:03 +0530

Compressed Natural Gas (CNG) prices in Delhi and adjoining cities increased by Rs 3.89 per kg from 6 am on Saturday, Indraprastha Gas Ltd (IGL) said.

In a statement, IGL attributed the revision to rising input gas costs, with a significant portion of the gas used to supply CNG being sourced through imported liquefied natural gas (LNG).

IGL said spot and current-market LNG prices have risen significantly since the beginning of the West Asia conflict, making a price adjustment necessary.

"With international LNG prices remaining elevated and the cost impact becoming increasingly significant, a calibrated revision of ₹3.89 per kg has now become necessary to partially offset the increase in input gas cost," IGL said.

Global LNG Prices Surge

According to IGL, global spot LNG prices have nearly doubled amid escalating conflicts in West Asia, which have disrupted LNG cargo movements through the Strait of Hormuz.

European demand ahead of the winter season has also contributed to the pressure on international gas prices.

The company said the latest revision is intended to partially offset the increase in input gas costs while ensuring uninterrupted CNG supply.

ALSO READ: ICICI Prudential MF Launches Passive FOF To Dynamically Allocate Between Equity, Debt

Delhi CNG Price Rises To Rs 83.09 Per Kg

IGL said Delhi's retail CNG price has gradually increased from Rs 77.09 per kg to Rs 83.09 per kg, representing an increase of around 7.8 per cent.

The company compared this with much sharper increases in international gas benchmarks.

The European TTF gas benchmark rose from around $11.36 per MMBTU to approximately $23.35 per MMBTU, an increase of about 105 per cent.

Similarly, the Asian JKM LNG benchmark climbed from around $10.99 per MMBTU to $23.41 per MMBTU, marking a rise of approximately 113 per cent.

IGL Says Consumers Shielded From Full Impact

IGL said Indian consumers have largely been insulated from the volatility in international energy markets despite the increase in global gas prices.

The company attributed this to strategic sourcing and calibrated price adjustments, which it said helped limit the impact on daily commuters, public transport operators and other price-sensitive vehicle owners.

Imported LNG Meets CNG Supply Gap

IGL said rapid economic growth and rising consumer demand have increased the country's reliance on imported spot LNG to bridge the CNG supply gap.

Despite the sharp movement in international gas benchmarks, the company said retail CNG prices in Delhi have seen only a comparatively modest increase.

IGL also reaffirmed its commitment to optimising sourcing costs and maintaining CNG as an economical, clean and dependable fuel for auto-rickshaws, taxis, private vehicles and public transport fleets.

(With agency inputs)

Sebi bars Trafiksol ITS, its promoters from securities market for 1 year; slaps Rs 1.05 cr fine

PTI — Sat, 29 Aug 2026 00:30:05 +0530

New Delhi, Aug 28 (PTI): Markets regulator Sebi on Friday barred Trafiksol ITS Technologies Ltd and its promoter-directors Jitendra Das and Poonam Das from accessing the securities market for one year and imposed penalties totalling Rs 1.05 crore on them over irregularities related to the company's IPO.

Trafiksol was fined Rs 30 lakh, Jitendra Das Rs 50 lakh and Poonam Das Rs 25 lakh, with the regulator directing them to pay the penalties within 45 days, according to Sebi's final order.

The proceedings followed complaints received by Sebi and BSE after Trafiksol's SME IPO was subscribed 345.65 times in September 2024. The issue comprised a fresh offering of 64.10 lakh shares in the price band of Rs 66-70 and raised Rs 44.87 crore at the upper end of the band.

Of the IPO proceeds, Rs 17.70 crore was proposed to be used for purchasing software.

The company's shares were scheduled to be listed on September 17, 2024. However, concerns were raised over the proposed software vendor, Oasis Corpcare, from which Trafiksol had obtained a quotation. The complaint questioned the vendor's capability to execute the proposed contract.

Following the complaints, BSE, in consultation with Sebi, deferred the listing of the company's shares. Subsequently, in an interim order passed in October 2024, the markets regulator directed BSE to ensure that the IPO proceeds were placed in an interest-bearing escrow account until further directions.

Sebi also ordered a detailed investigation into the matter.

In its 85-page order, Sebi found multiple and serious violations in connection with the proposed public issue, including issues relating to financial disclosures, issue-related expenditure and the proposed deployment of IPO proceeds.

“The financial disclosures overstated the scale of Trafiksol's operations through unsupported year-end recognition of unbilled revenue and sale/purchase transactions with Limco and Ishira. The manner in which these entities were presented in the customer and supplier disclosures also obscured the true extent and concentration of the company's dealings with them,” Sebi said in its order.

Also, material issue-related expenditure was not appropriately disclosed, while a financial relationship giving rise to a potential conflict with the merchant banker was omitted from the DRHP, the regulator pointed out.

Sebi also flagged the Oasis quotation as a particularly serious violation, saying a substantial portion of the IPO proceeds was proposed to be deployed on the basis of a fabricated quotation.

“The conduct of the promoters, especially Jitendra Das, in relation to the Oasis quotation was particularly egregious. A substantial portion of the issue proceeds was proposed to be deployed based on a fabricated quotation obtained from an entity lacking credible technical and operational capability,” the regulator said.

Such conduct falls “severely short of the standards of diligence, integrity and responsible stewardship expected from the promoters of an issuer seeking to access public capital,” it added.

Sebi said Jitendra Das was directly involved in key aspects of the misconduct, including procuring the fabricated Oasis quotation. Poonam Das' role principally stemmed from her failure to exercise due diligence while signing the relevant documents.

As disclosed in the prospectus, Jitendra Das also serves as the chairman and managing director of the company, while Poonam Das serves as its whole-time director. They are also promoters of the company.

Accordingly, Sebi restrained all the three entities from accessing the securities market for one year and imposed penalties on them.

“Noticees Nos. 1, 2 and 3 are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner whatsoever for a period of one year,” the regulator said. PTI SP ARI

(This story is published as part of the auto-generated syndicate wire feed. No editing has been done in the headline or the body by ABP Live.)

ICICI Prudential MF Launches Passive FOF To Dynamically Allocate Between Equity, Debt

Dalal Street Investment Journal (DSIJ) — Fri, 28 Aug 2026 22:09:10 +0530

ICICI Prudential Mutual Fund has launched the ICICI Prudential Dynamic Asset Allocation Passive FOF, an open-ended fund of funds scheme that will dynamically invest in units of passive equity and debt-oriented schemes.

The New Fund Offer (NFO) opened on August 26, 2026, and will remain open for subscription until September 9, 2026.

Model-Based Equity and Debt Allocation

The scheme is designed to address the challenge investors face in deciding when to increase or reduce equity exposure, select suitable schemes and reposition portfolios through changing interest-rate cycles.

The fund will use a defined investment framework to manage allocation between equity and debt within a single scheme.

According to ICICI Prudential AMC, the fund's approach is built around the acronym "ACTS", which stands for allocating across equity and debt, capitalising on opportunities across market-cap, sector, thematic and factor-based passive strategies, Tax-efficient rebalancing within the scheme, and sizing allocations through defined weights across selected strategies.

Equity Allocation Guided by Valuation Framework

The equity-debt allocation will be guided by the fund house's in-house Equity Valuation Index (EVI).

The model considers parameters including price-to-earnings, price-to-book, G-Sec-adjusted earnings and market capitalisation relative to GDP.

As of July 31, 2026, the EVI stood at 105.2, which was within the model's neutral zone.

The fund can invest across market-cap, sector and thematic as well as factor-based passive funds on the equity side.

Debt Allocation to Track Interest-Rate Cycles

On the debt side, the scheme can invest in target-maturity, constant-duration and constant-maturity Index Funds and ETFs.

Duration positioning will be influenced by factors including interest-rate trends, RBI policy expectations, the shape of the yield curve and growth expectations.

The fund house said that the model-based approach is intended to reduce the need for investors to independently time the market or switch between different funds as market conditions change.

Rebalancing Within the Scheme

One of the features highlighted by ICICI Prudential Mutual Fund is that allocation changes within the scheme do not trigger an investor-level tax event each time the portfolio is rebalanced.

Instead, changes between the underlying equity and debt allocations take place within the scheme.

This means investors do not need to independently redeem one fund and invest in another whenever the allocation changes.

Chintan Haria, Principal - Investment Strategy at ICICI Prudential AMC, said the scheme is designed to simplify investment decisions by using a valuation framework to guide equity-debt allocation and passive funds to implement the strategy across different market segments.

Scheme Details

The NFO period is from August 26 to September 9, 2026.

The scheme will be available under Direct and Regular Plans with the Growth option.

The minimum application amount during the NFO is Rs 1,000, in multiples of Rs 1.

The minimum additional application amount is also Rs 1,000, while the minimum redemption amount can be any amount.

SIP, SWP and STP facilities are available.

The scheme has an exit load of nil on up to 30 per cent of units redeemed or switched out within one year of allotment.

A 1 per cent exit load applies to units redeemed or switched out beyond that limit within 12 months, while the exit load is nil after 12 months.

The fund managers are Manan Tijoriwala, Sharmila D'Silva, Manish Banthia, Ritesh Lunawat and Nishit Patel.

The benchmark is the CRISIL Hybrid 50+50 – Moderate Index.

Taxation and Risk Considerations

According to the scheme details, taxation is stated as the slab rate for a holding period of less than 24 months and 12.5 per cent for a holding period of 24 months or more.

The fund house has also cautioned that investors will bear the recurring expenses of the scheme in addition to the expenses of the underlying schemes in which the fund of funds invests.

Mutual fund investments are subject to market risks, and investors are advised to read the scheme-related documents carefully.

With its valuation-based allocation framework, access to multiple passive equity and debt categories and in-scheme rebalancing mechanism, the ICICI Prudential Dynamic Asset Allocation Passive FOF is positioned as a single-scheme approach for investors seeking dynamic exposure across asset classes and market cycles.

The NFO remains open until September 9, 2026. Share your thoughts on this development in the comments below. Disclaimer: The article is for informational purposes only and not investment advice.

(“Disclaimer: This article uses information originally published by Dalal Street Investment Journal (DSIJ). The views expressed are those of the original authors and not necessarily of ABP Network Pvt. Ltd. This content is provided for general informational and educational purposes only and should not be construed as investment, financial, legal or tax advice. Readers are advised to conduct their own research and/or consult a qualified financial advisor before making any investment decisions. This content is for informational purposes only and should not be treated as investment advice. ABP Network, its employees and associates shall not be responsible or liable for any losses or damages arising directly or indirectly from the use of or reliance on this article or any information contained herein.”)

Waaree Renewable Technologies Secures 291 MW Solar EPC Order With 280 MWh BESS

Dalal Street Investment Journal (DSIJ) — Fri, 28 Aug 2026 20:18:21 +0530

On Friday, Indian equity benchmark NIFTY traded higher, gaining 84.80 points or 0.35 per cent to 24,175.65.

Meanwhile, Waaree Renewable Technologies was trading at Rs 878.70, up Rs 3.75 or 0.43 per cent.

The stock remained in focus after the company announced that it had received a Letter of Award (LOA) for a large renewable-energy EPC project.

Waaree Renewable Technologies Secures 291 MWp Solar EPC Order

Waaree Renewable Technologies Limited has received an LOA for the execution of Engineering, Procurement and Construction (EPC) works for a 291 MWp ground-mounted Solar PV project along with a 280 MWh Battery Energy Storage System (BESS).

The order has been awarded by one of India's thermal power generating companies.

The company disclosed the development on August 28, 2026, under Regulation 30 of the SEBI Listing Regulations.

Domestic Commercial Order

According to the company's regulatory filing, the order is a domestic commercial order.

The scope covers EPC work for the 291 MWp solar PV project and the associated 280 MWh BESS.

The project is scheduled to be completed during financial year 2027-28, as per the terms of the order.

The filing does not disclose the monetary value of the order.

ALSO READ: Dalal Streets Close Higher As Sensex Jumps Over 215 Points, Nifty Tests 24,200

Battery Storage Adds to Project Scope

The inclusion of a 280 MWh Battery Energy Storage System alongside the solar PV capacity adds an energy-storage component to the project.

The combined scope gives Waaree Renewable Technologies an opportunity to execute both large-scale solar generation infrastructure and battery storage under the same EPC mandate.

The order represents another project in the renewable-energy segment, with the company undertaking EPC responsibilities for a large-scale solar installation integrated with energy-storage infrastructure.

No Related-Party Interest

The company has stated that the promoter or promoter group has no interest in the entity awarding the order. It has also clarified that the order does not fall under related-party transactions. Share your thoughts on this development in the comments below.

ALSO READ: Onion Prices Surge 88% In Delhi: Centre Says Buffer Stock Is Good, Supplies To Rise

Disclaimer: The article is for informational purposes only and not investment advice.

Dalal Streets Close Higher As Sensex Jumps Over 215 Points, Nifty Tests 24,200

Sagarika Chakraborty — Fri, 28 Aug 2026 15:33:23 +0530

The Indian benchmark indices rose on Friday as the Sensex increased over 215 points to settle at 77,264 points and the Nifty rose more than 80 points to close trade at 24,175 at 3:30 PM.

In the 30-share BSE Sensex, among the top gainers were stocks such as TCS, Infosys, TechMahindra, HCLTech and Titan. Meanwhile, Tata Steel, Reliance, Mahindra and Mahindra, Bajaj Finserv and Maruti.

In the broader markets, the Nifty Smallcap 500 and the Nifty Smallcap 250 gained 0.34 per cent and the Nifty Smallcap 50 fell 0.06 per cent as volatility declined. Sectorally, the Nifty Chemicals index fell 0.70 per cent and the Nifty IT rose 3.51 per cent.

Previously, during the early morning session, the BSE Sensex opened 245.56 points higher at 77,191.80, while the NSE Nifty gained 54.20 points to open at 24,147.50.

Indian equity benchmarks opened higher on Friday, recovering from the previous session's sharp decline, as global market cues turned more supportive.

Asian Markets Mixed

Brent crude, the global oil benchmark, traded 0.56 per cent lower at USD 89.20 per barrel.

In Asian markets, South Korea's Kospi traded lower, while Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index quoted higher.

US markets ended higher on Thursday.

"Global cues are more supportive than they have been at any point this week. US markets closed firmly higher, with the Dow Jones Industrial Average gaining 0.20 per cent, the S&P 500 rising 0.72 per cent and the Nasdaq advancing 1.57 per cent," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said.

ALSO READ: Sugar Price Rise: Zepto, Blinkit, Swiggy Instamart Put Purchase Limits; Here's How Much You Can Buy

Nvidia Results Lift Tech Stocks

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 298.26 crore on Thursday, according to exchange data.

Technology and semiconductor stocks, however, received a boost from Nvidia's quarterly results, which triggered a broader rally across AI-linked names in the US.

"Sentiment in technology and semiconductor stocks, however, was clearly lifted by Nvidia's blowout quarterly results, which triggered a broad rally across AI-linked names in the US, helping the Nasdaq end about 1.5 per cent higher," Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.

Attention now turns to Fed Chair Kevin Warsh's first Jackson Hole keynote, which Ponmudi described as the week's most closely watched macro event.

Sensex, Nifty Fall On Expiry Day

The domestic market had ended lower for the second consecutive session on Thursday.

The Sensex fell 539.35 points, or 0.70 per cent, to settle at the day's low of 76,933.59 on the monthly derivatives-expiry day.

Similarly, the Nifty declined 116.90 points, or 0.48 per cent, to end at the day's low of 24,090.85.

ALSO READ: Onion Prices Surge 88% In Delhi: Centre Says Buffer Stock Is Good, Supplies To Rise

Onion Prices Surge 88% In Delhi: Centre Says Buffer Stock Is Good, Supplies To Rise

PTI — Fri, 28 Aug 2026 13:25:03 +0530

New Delhi, Aug 28 (PTI) The quality of the Centre's onion buffer stock is "good", Consumer Affairs Secretary Nidhi Khare said on Friday, asserting that for the first time this year the Central Warehousing Corporation (CWC) was roped in for storage to ensure better shelf life of the commodity.

Khare refuted reports claiming that 30 per cent of the 1.21 lakh tonne onion buffer maintained by the government had rotten. "Nothing of that kind has happened. Quality is good," she told PTI.

Unlike previous years, when the onion buffer was stored with traders, the responsibility this time was entrusted to the CWC, with a third party assessing the quality of the stock at regular intervals, the secretary said.

Explaining the science behind onion storage, Khare said the vegetable contains 90 per cent water and retains its quality for three months post-harvest, after which it keeps shrinking every month as water vapourises. The extent of spoilage, she said, depends on storage conditions and ventilation.

While some onion was procured in May, the bulk of the buffer stock was procured in June-July, which is why the quality remains good, she said, adding that onion recovery is estimated at 72 per cent this year -- up from 49 per cent in 2022, 54 per cent in 2023 and 63 per cent in 2024.

Onion is procured through agencies such as Nafed and NCCF.

KANDA EXPRESS TO EASE PRICES ------------------------------------- The buffer stock is being transported in bulk through 'Kanda Express' -- a dedicated rail rake -- to Delhi, Chennai, Madurai, Ernakulam, and Guwahati. A consignment of 453 tonnes reached Delhi on Friday. The move is expected to boost supplies in Delhi-NCR and nearby cities and rein in prices, with the fall in retail rates likely to be visible within a week.

Khare noted that mandi prices in Nashik have started easing following the initiative. It was unusual, she said, that the mandi price of onion in the producing centre of Nashik stood at Rs 44/kg on August 24 -- higher than the Rs 25/kg retail price at the consumption centre of Delhi on the same day.

Rajasthan and Madhya Pradesh, she added, are slowly emerging as major suppliers of onion to Delhi and other northern states. "There should not be a problem. The stock is good," she said.

KHARIF, RABI CROP OUTLOOK POSITIVE -------------------------------------------- Khare said the kharif onion crop outlook is also promising, with the El Nino scare now over. She further allayed concerns over El Nino's impact on the rabi onion crop, saying irrigation has improved and water levels in key reservoirs remain healthy.

Retail onion prices in the capital rose 88 per cent to Rs 62 per kg on Thursday, up from Rs 33 per kg a year earlier, according to Consumer Affairs Ministry data. The all-India average retail price stood at Rs 46.58 per kg, while the wholesale rate was Rs 38.29 per kg on the same day.

Despite the price spike, Khare said onion availability remains comfortable to meet domestic demand in the coming months, supported by an estimated 2025-26 production of 307.37 lakh tonnes -- broadly on a par with the 307.67 lakh tonnes produced the previous year.

(Disclaimer: This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

Sugar Price Rise: Zepto, Blinkit, Swiggy Instamart Put Purchase Limits; Here's How Much You Can Buy

Varun Bhasin — Fri, 28 Aug 2026 12:46:55 +0530

Sugar prices have risen sharply across the country ahead of Raksha Bandhan, prompting several quick-commerce platforms to put limits on how much sugar customers can buy at a time.

Zepto, Blinkit and Swiggy Instamart have introduced restrictions on certain sugar products, although the limits are not uniform across platforms. The move is aimed at preventing customers from stocking up on large quantities and ensuring that sugar remains available to other buyers.

The restrictions come as the government has also taken steps to discourage sugar hoarding amid concerns over rising prices.

ALSO READ | Rakhi 2026: Sugar Nears Rs 7,000 Per Quintal, Check How Much More You May Pay For Sweets In Delhi

Blinkit, Swiggy Instamart Limit Sugar Purchases

On Swiggy Instamart, customers can order up to two packets, or 2 kg, of sugar from a particular brand in some cases. Blinkit has also restricted purchases of certain sugar packs to no more than 2 kg.

The limits vary depending on the product and platform. On Blinkit, customers can buy only one 3-kg pack of a particular brand in some locations, while Zepto is allowing customers to purchase one 2-kg pack of a particular brand.

These restrictions are not the same everywhere. The quantity customers can order may vary depending on the app, location, brand and available stock.

BigBasket Allows Up To Six Packs In Some Areas

The purchase restrictions are also not being applied uniformly across all online grocery platforms. In parts of Delhi-NCR, customers can reportedly find up to six packs of certain sugar brands on BigBasket.

This indicates that the limits are not a government-mandated nationwide restriction on sugar purchases. Instead, the quantity available to individual customers varies between platforms and locations.

For consumers, this means the amount of sugar they can purchase online may depend on where they live, which platform they use and the particular brand and pack size available at the time of ordering.

ALSO READ | Sugar Stock Limit Imposed: Traders Can’t Hold Over 8,000 Quintals At One Location

Sugar Selling At Rs 55-60 Per Kg In Retail Markets

Sugar is currently selling at around Rs 55-60 per kg at ordinary retail shops, according to the report.

The government has maintained that the country has sufficient sugar stocks and there is no need for consumers to panic. Authorities have also said that sugar prices are expected to come down in the coming period.

With Raksha Bandhan being celebrated today, increased demand around the festival has added to concerns among consumers already facing higher sugar prices. The purchase limits imposed by some online platforms are intended to prevent bulk buying and ensure wider availability.

Sensex, Nifty Rebound After Two-Day Fall As IT Stocks Rally; Global Cues Lift Sentiment

PTI — Fri, 28 Aug 2026 10:24:48 +0530

Mumbai, Aug 28 (PTI) Benchmark equity indices Sensex and Nifty rebounded in early trade on Friday after two days of losses, helped by buying in blue-chip IT stocks and a rally in global markets.

The 30-share BSE Sensex climbed 245.56 points to 77,191.80 in early trade. The 50-share NSE Nifty was up 54.20 points to 24,147.50.

Among the 30 Sensex firms, Tata Consultancy Services, Tech Mahindra, Infosys, HCL Tech, Titan, and Power Grid were among the major winners.

UltraTech Cement, ICICI Bank, Mahindra & Mahindra, and State Bank of India were the laggards.

Brent crude, the global oil benchmark, traded 0.56 per cent lower at USD 89.20 per barrel.

In Asian markets, South Korea's Kospi traded lower, while Japan's Nikkei 225 index, Shanghai's SSE Composite index Hong Kong's Hang Seng index quoted higher.

US markets ended higher on Thursday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 298.26 crore on Thursday, according to exchange data.

Attention now turns to Fed Chair Kevin Warsh's first Jackson Hole keynote, the week's most closely watched macro event, he added.

Falling for the second day on Thursday, the Sensex dropped 539.35 points, or 0.70 per cent, to settle at the day's low of 76,933.59 on the monthly derivatives-expiry day. Similarly, the Nifty declined 116.90 points, or 0.48 per cent, to end at the day's low of 24,090.85.

(Disclaimer: This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

Sensex, Nifty Rebound After Two-Day Fall As IT Stocks Rally; Global Cues Lift Sentiment

Infosys Public Services CEO Lax Gopisetty Unreachable After Deadly Nepal Floods

Jio Platforms IPO Gets Sebi Approval, Could Become India's Biggest At Rs 37,700 Crore

Delhi CNG Price Hiked By Rs 3.89 Per Kg From Today; Check New Rate

Global LNG Prices Surge

Delhi CNG Price Rises To Rs 83.09 Per Kg

IGL Says Consumers Shielded From Full Impact

Imported LNG Meets CNG Supply Gap

Sebi bars Trafiksol ITS, its promoters from securities market for 1 year; slaps Rs 1.05 cr fine

ICICI Prudential MF Launches Passive FOF To Dynamically Allocate Between Equity, Debt

Model-Based Equity and Debt Allocation

Equity Allocation Guided by Valuation Framework

Debt Allocation to Track Interest-Rate Cycles

Rebalancing Within the Scheme

Scheme Details

Taxation and Risk Considerations

Waaree Renewable Technologies Secures 291 MW Solar EPC Order With 280 MWh BESS

Waaree Renewable Technologies Secures 291 MWp Solar EPC Order

Domestic Commercial Order

Battery Storage Adds to Project Scope

No Related-Party Interest

Dalal Streets Close Higher As Sensex Jumps Over 215 Points, Nifty Tests 24,200

Global Market Cues

Onion Prices Surge 88% In Delhi: Centre Says Buffer Stock Is Good, Supplies To Rise

Sugar Price Rise: Zepto, Blinkit, Swiggy Instamart Put Purchase Limits; Here's How Much You Can Buy

Blinkit, Swiggy Instamart Limit Sugar Purchases

BigBasket Allows Up To Six Packs In Some Areas

Sugar Selling At Rs 55-60 Per Kg In Retail Markets

Sensex, Nifty Rebound After Two-Day Fall As IT Stocks Rally; Global Cues Lift Sentiment