Amazon rolls out 10-min delivery in India
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🗞️ UPI raises daily P2M limit to ₹10 lakh
The NPCI increased the daily UPI payment limit for person-to-merchant (P2M) transactions to ₹10 lakh from Sept 15, unlocking high-value payments for insurance and investments.
💬 Expert Take — Ramesh Iyer, Payment Analyst: “This shift signals UPI’s maturity into handling larger ticket sizes, reducing dependency on cards for high-value transactions.”
🗞️ 11 new unicorns in 2025; Bengaluru leads
India added 11 new unicorns so far in 2025, with Bengaluru retaining its dominance as the country’s biggest startup hub, according to a new report.
💬 Expert Take — Priya Shetty, VC Investor: “The unicorn surge reflects investor appetite returning post-2023 slump, but profitability remains the key filter.”
🗞️ Health & term insurance go GST-free
Ahead of the Sept 22 rollout, health and term insurance have been made GST-free, reducing premium costs and boosting affordability for millions of policyholders.
🗞️ Tega Industries & Apollo to acquire Molycop for $1.5 bn
Tega Industries and Apollo Funds will jointly acquire Molycop, a global mining consumables supplier, for $1.5 billion, expanding India’s footprint in the global mining supply chain.
🗞️ Amazon launches 10-minute delivery in India
Amazon introduced 10-minute delivery in select Indian cities, intensifying competition in quick-commerce against players like Blinkit, Zepto, and Swiggy Instamart.
🗞️ Replit raises $250 mn at $3 bn valuation
AI coding platform Replit secured $250 million in fresh funding at a $3 billion valuation, underscoring global VC interest in developer-focused AI tools.
🗞️ Govt to survey household finances in 2026
The government announced two nationwide economic surveys from July 2026 to assess household finances, debt levels, and savings patterns, aiding future policy planning.
🗞️ Sitharaman: GST reforms not linked to Trump tariffs
Finance Minister Nirmala Sitharaman clarified that India’s ongoing GST reforms are domestic in nature and not connected to US tariff moves under Donald Trump.
📊 Market Update
📈 Sensex: 81,042.33 ▲ +512.04 (+0.64%)
📈 Nifty 50: 24,844.20 ▲ +159.15 (+0.64%)
💱 USD/INR: ₹88.12 ▲ (rupee slightly weaker)
🛢️ Brent Crude: ~$70/bbl ▼ (softening trend)