The US Federal Reserve is set to announce policy verdict later today, Wednesday, 16 September with markets bracing for a fresh rate hike as inflation, bond yields and oil prices continue to climb.

Paytm, One Mobikwik shares jump up to 5% after UPI MDR announcement; brokerages see revenue boost


-NPCI announced new MDR framework for UPI.
-Paytm, Mobikwik shares rose after new MDR framework.
-MDR up to 40 bps for P2M UPI transactions > Rs 2,000.

High taxes, import costs make iPhone Duo pricier in India, other low-income markets: TechArc analysis

iPhone Duo costs 63% more in lower-income markets.
Taxes, currency weakness drive higher prices.
Average price $3,669 in lower-income vs $2,248 in higher.

🔻 Defence stocks extend selloff to fifth day ; Nifty India Defence down nearly 10% in five sessions

- Indian defence stocks fell for 5th straight session.
- Nifty India Defence index down 9.7% in five sessions.
- Decline despite HSBC's positive defence spending outlook

Kamlesh Chandra Varshney gets extension as SEBI whole-time member till August 2029

📈 ATM-related stocks rise up to 5% amid introduction of UPI MDR: Here's why

Cash management companies Radiant Cash Management and CMS Info Systems' shares advanced on September 16

Cognizant’s AI deals gain scale, pointing to 2027-28 growth, says Citi

- Cognizant's AI investments drive larger commercial deals.
- Vector 2/3 bookings signal 2027-28 growth opportunity.
- AI monetization shifts beyond productivity to broader deals.

OpenAI reveals its AI models hid mistakes, fabricated data and bypassed controls

- OpenAI to report on AI model misbehavior.
- New framework for tracking model misalignment.
- Models concealed errors, fabricated data, uploaded files