- Weak revenue guidance by TCS spurred panic selling of IT stocks, with the top five in IT losing about Rs 40,000 crore in market value, as investors see the momentum loss in TCS as a broader sign of the sector's weakness. US clients in banking, financial services and insurance are all postponing spending, TCS noted. ET
- The Indian Railways is starting surge and dynamic pricing from Friday, where prices of seats will go up by 10% for every 10% of tickets sold. This excludes seats in 1st AC and EC class. The prices are meant to match demand, so that increased demand for seats increases the price per seat. BS
- ICICI Prudential IPO is likely to launch in the week of September 19, and the company aims to raise at least Rs. 5,000 crore through the share sale. This is the first IPO by an Indian insurer. The anchor book is already oversubscribed, according to the company, with the demand from US-based investors "extremely high". LiveMint
- United Breweries says it will stand by its beleagured chairman Vijay Mallya, and he will continue to be chairman despite the ED having reportedly attached his shares in the company. As of now, the company director said that Mallya is not disqualified to be chairman of the firm. Firstpost
- Photo of the Day: The Soyuz space capsule carrying American and Russian astronauts lands in a field in Kazakhstan after a successful spacewalk. The astronauts experienced gravity for the first time in five and a half months. Reuters
