ACME Solar Holdings on Tuesday said it has raised Rs 1,100 crore in domestic funding from the State Bank of India for its 300 MW renewable energy project in Rajasthan.

The funds will be utilised to refinance the existing debt and reduce financing cost by around 100 bps for the Rajasthan project.

US President Donald Trump’s plan to impose a $100,000 fee on Indians seeking a fresh visa can be an issue that comes back to the negotiating table once the trade talks between Washington and New Delhi are concluded, former US Ambassador to New Delhi Tim Roemer told NDTV on Monday, September 22.

Roemer admitted that the measure “causes a hiccup in the relationship” of the two countries.

Walmart-backed Flipkart India is planning to invest $300 million in its fintech arm, Super.money, as the e-commerce major pushes further into lending and stock broking, Bloomberg reported.

This investment comes after a $20 million infusion the company made last year when it spun off the fintech unit, the report added, citing people familiar with the matter.

Amid ongoing speculation about another former Indian cricketer potentially being elected as the next BCCI president, Rajeev Shukla has nearly confirmed who will lead the world's richest cricket organization. The position has remained unfilled since world cup champion Roger Binny resigned due to age restrictions. On Sunday, multiple candidates submitted their nominations for various BCCI roles, including president, vice-president, secretary, joint-secretary, treasurer, and IPL governing council chairman.

The Indian Pharmaceutical Alliance (IPA) has welcomed the launch of the Next Generation Goods and Services Tax (GST) reforms, calling it a "transformative move" that will make medicines more affordable and accessible.

With GST removed from 36 medicines and capped at 5 per cent on most others, IPA Secretary General Sudarshan Jain described the step as a boost for self-reliance and the healthcare ecosystem.

The Indian Rupee opened weaker on Monday as traders weighed the implications of US President Donald Trump's new $100,000 H-1B visa fee.

The domestic currency opened 7 paise lower at 88.17 against the dollar on Monday, according to Bloomberg. The Rupee has slipped 3.15 per cent in the current financial year and 3.02 per cent in 2025 so far.

Prime Minister Narendra Modi will address the nation at 5 pm today, September 21. This comes a day before the rollout of the GST reforms announced by the Cabinet, though the subject of the Prime Minister's address is yet to be known.

The GST Council had approved a two-tier rate structure of 5 and 18 per cent, which will be implemented from September 22 - the first day of Navratri. Besides, a compensation cess of 40 per cent will also be levied on luxury items and demerit or sin goods.

Prime Minister Narendra Modi on Sunday said the rollout of GST 2.0 will mark the start of a “bachat utsav” (savings festival) across the country, promising lower prices, simpler compliance, and stronger investment flows.

“From tomorrow in the nation, ‘GST bachat utsav’ will commence. Your savings will increase and you will be able to buy your favourite things. ‘GST bachat utsav’ will benefit all sections of the society,” PM Modi said in a televised address.

Several Congress leaders, including Leader of Opposition in the Lok Sabha Rahul Gandhi and party President Mallikarjun Kharge, slammed the government after US President Donald Trump's administration announced a steep hike in H-1B visa fees to $100,000, a move expected to hit Indian workers the hardest.

Taking a swipe at Prime Minister Narendra Modi, Gandhi shared a Business Standard report on the H-1B visa hike on X, saying: “I repeat, India has a weak PM.”

The US' decision to introduce an annual fee of $100,000 on every H-1B visa application will negatively impact Indian technology professionals working in the country and IT services companies as business continuity will be disrupted, IT industry body Nasscom said on Saturday.

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