Business
Nifty gains third straight session, but weekly losing streak hits six
Sensex and Nifty ended the week on September 18 with a sixth straight weekly loss, even as the Nifty gained for a third straight session; the Sensex closed at 74,294.96 and the Nifty at 23,346.40.
The Nifty gained for a third straight session on Friday, closing at 23,346.40, but the index still ended the week lower for a sixth week in a row.
The Sensex ended at 74,294.96, down 19.63 points.
For the week, the Sensex fell 0.65 percent and the Nifty fell 0.22 percent.
A large NSE IPO drew liquidity away from the market during the week.
Crude oil and West Asia tensions continued to weigh on sentiment.
Crude oil remained a key factor, with Brent crude trading above the 100 dollar a barrel mark and easing to about 103 dollars on Friday.
Geopolitical concerns in West Asia continued to weigh on sentiment through the week.
Foreign institutional investor selling and elevated US bond yields were also cited among the pressures on the market.
A large NSE IPO worth about Rs 22,569 crore drew capital away from the secondary market during the week and constrained liquidity.
Technology stocks were among the laggards, and Tata Group shares including TCS and Titan fell sharply, with some of the declines running up to about 4 percent.
Banking, energy and life insurance stocks, including HDFC Life and SBI Life, were among the gainers.
The divergence between a falling Sensex and a rising Nifty on Friday reflected differences in the two indices’ constituents and bargain buying in some Nifty stocks.
On Thursday, September 17, the Sensex had closed at 74,314.59 and the Nifty at 23,270.60.
The Nifty 50 has now advanced for three sessions in a row, even though the weekly figures remain negative.
Market participants are watching crude oil prices, foreign fund flows and corporate earnings for cues on direction in the coming week.
Trading resumes on Monday, September 21, after the weekend.
On Friday, September 18, the 30-share Sensex fell 19.63 points, or 0.03 percent, to settle at 74,294.96.
Bombay Stock Exchange building, Mumbai (representative image), Wikimedia Commons, CC BY 2.0
Business
BlueWheel – A Hyderabad based Vehicle Care Platform: Roadside Rescue and Routine Repairs
The Hyderabad venture is developing a single destination for the complete vehicle care journey
Vehicle ownership involves far more than buying fuel and scheduling an annual service. There are washes, minor faults, accidental damage, specialised upgrades and, occasionally, the sudden breakdown that brings everything to a halt.
BlueWheel combines roadside rescue, car repair services, vehicle washing and custom automotive work within a single platform for Hyderabad vehicle owners.
BlueWheel wants to make those separate requirements easier to manage through one platform. I learned about the model from Rohit Paul of the Founder’s Office during a recent business meetup in Hyderabad.
Roadside assistance as the urgent entry point
Rohit Paul began with the most stressful use case. Although manufacturers including Maruti, Mahindra and Hyundai provide roadside assistance plans, customers can still face unanswered calls, handoffs and long delays.
BlueWheel’s answer is to attend breakdown requests in under 20 minutes. The promise puts urgency at the centre of the experience and gives the customer a simple expectation at a moment when clarity matters.
The infrastructure beneath the app
A smooth interface cannot repair a vehicle by itself. BlueWheel’s operating model is supported by more than 400 vetted service centres and over 100 expert technicians, whom it calls Advisors.
This network allows the company to route different requirements to relevant professionals. A roadside fault, an accident repair and a custom modification may demand very different capabilities, making provider selection an important part of the platform’s value.
Making vehicle services easier to navigate
Customers can choose the service they need, select a preferred centre and leave the coordination to BlueWheel. Available categories range from car washing to accident work and complex custom jobs.
The approach removes some of the research and follow-up that vehicle owners normally perform themselves. Instead of keeping multiple phone numbers and negotiating independently with each provider, the user interacts with a single organised layer.
What stayed with me
The broader service mix was the part of our conversation that changed my understanding of the company. I had initially assumed BlueWheel was mainly a roadside rescue operation. Rohit Paul described something closer to a continuing vehicle-care relationship, with urgent assistance at one end and planned work at the other.
That distinction matters. Most drivers do not want to discover a new provider every time the car needs attention. They want a dependable route from problem to solution, whether the requirement is a wash, body repair or a complicated custom job. Familiarity can remove much of the hesitation that usually accompanies automotive service.
There is also a sensible business logic in serving customers more often than emergencies allow. Breakdowns may introduce the platform, but routine needs can make it part of regular ownership. If both experiences are handled well, each strengthens confidence in the other.
For an owner, that continuity could make caring for a vehicle feel less like a series of disconnected negotiations and more like one manageable relationship.
A platform preparing to travel
BlueWheel is currently active throughout Hyderabad, including the Outer Ring Road and areas around 10 to 15 kilometres outside it. The company plans to move next into Bengaluru and Chennai.
Its future will depend on maintaining service quality across a larger network. But the underlying idea is strong: vehicle care should not feel like a collection of unrelated errands. By combining emergency response with regular maintenance and repairs, BlueWheel is working to turn it into one connected customer experience.
https://www.bluewheel.app/download/ | www.bluewheel.app | https://www.instagram.com/bluewheelthevehicleapp?stkn=MWFmMWFpdzNsem03
Business
Jharkhand unveils policy push to draw Rs 1 lakh crore investment
Jharkhand has released draft industrial and textile policies aiming to attract Rs 1 lakh crore of investment and more than 25,000 jobs, with final versions expected within a fortnight.
Jharkhand has unveiled a policy push to draw Rs 1 lakh crore in investment through new industrial and textile policies.
The drafts, released by the Industries Department, are open for public consultation on the state’s Single Window Portal.
The state expects more than 25,000 jobs to result from the two policies.
MSMEs would be eligible for 20 percent of fixed capital investment up to Rs 15 crore, with non-MSME units receiving 25 percent up to Rs 30 crore.
The final versions are expected within a fortnight after stakeholder feedback is considered.
Non-MSME units would receive 25 percent of fixed capital investment, capped at Rs 30 crore, under the same draft.
Entrepreneurs from Scheduled Castes, Scheduled Tribes, women and differently-abled entrepreneurs would get an additional 5 percent benefit.
The textile draft proposes a 20 percent subsidy on fixed capital investment, with a cap of Rs 50 crore.
The textile draft also offers 100 percent reimbursement of net SGST for seven years, followed by 40 percent for the next three years.
Wage support of Rs 5,000 per month for male workers and Rs 6,000 per month for female workers is proposed for textile units.
Training assistance of up to Rs 13,000 per trainee is part of the proposed incentive package.
The drafts also propose electricity tariff and duty reimbursements, along with reimbursement of stamp duty and registration charges.
The state expects the combined policy push to generate more than 25,000 employment opportunities across manufacturing and textiles.
The two drafts are the Jharkhand Industrial Investment Promotion Policy 2026 and the Jharkhand Textile, Apparel and Footwear Policy 2026.
The Directorate of Industries has uploaded both drafts on the Jharkhand Single Window Portal to invite comments from industry bodies, businesses and the public.
Officials have said the final frameworks are expected to be completed within the next fortnight, after stakeholder feedback is reviewed.
Steel plant, Jamshedpur, Jharkhand (representative image), Wikimedia Commons, CC BY 4.0
Business
Sensex, Nifty open higher today on global cues, easing oil prices
Indian equity benchmarks Sensex and Nifty opened higher today, tracking positive global cues and easing oil prices, though IPO-related liquidity diversion limited gains.
Indian equity benchmarks opened higher today, with Sensex and Nifty tracking positive cues from global markets and easing oil prices.
As of around 10:06 am, the BSE Sensex was up roughly 0.2 percent, with the NSE Nifty advancing by a comparable margin.
Liquidity diversion tied to ongoing IPO listings has limited the extent of today’s gains in the broader market.
The Sensex had closed 21.86 points lower at 74,314.59 on Thursday, while the Nifty ended the session 53 points higher at 23,270.60.
Realty and pharma stocks led Thursday’s rally, with the broader market outperforming the benchmark indices.
Realty, pharma and broader market indices had outperformed the headline benchmarks in Thursday’s session, with the Nifty Midcap 100 and Smallcap 100 both posting stronger gains.
Market breadth on Thursday was healthier than the headline numbers suggested, with more stocks advancing than declining across the exchange.
Foreign institutional investor flows and crude oil price movements remain key factors that market participants are tracking closely this week.
Sector-specific trends, including movements in IT, banking and auto stocks, continue to influence the overall direction of the benchmark indices.
Indian equity markets have shown a mixed but broadly resilient trend through much of September, navigating global rate expectations and domestic IPO activity.
Retail and institutional investors alike are watching upcoming corporate earnings and macroeconomic data releases for cues on market direction in the coming weeks.
Analysts note that while headline index moves have been modest recently, sector rotation has kept trading activity elevated across the broader market.
As of around 10:06 am today, the BSE Sensex was up roughly 0.2 percent, with the NSE Nifty advancing by a similar margin.
Positive global cues, including advancing shares across major markets and easing crude oil prices, supported the higher opening in Indian equities.
Liquidity diversion caused by a rush of IPO listings has been limiting gains in the broader market even as benchmark indices edge higher.
National Stock Exchange of India (representative image), Wikimedia Commons, CC BY-SA 2.0
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