08:30pm What does the Supreme Court stay on insolvency proceedings against Jaypee Infratech mean? While it comes as a big relief to almost 40,000 homebuyers who can now seek legal recourse in NCDRC, some legal experts say that clarity is required on whether the suspended board of directors has been restored or not. Read more here.

08:00pm Doctors of Uttar Pradesh’s Provincial Medical Services on Monday threatened to proceed on mass leave to protest the registration of an FIR against some members of the fraternity in Farrukhabad over the deaths of 49 infants in a state-run hospital, reports Hindustan Times.

They said they would not report for duty on Tuesday and Wednesday and tender their resignation if the FIR was not withdrawn by September 7.

07:50pm Prime Minister Narendra Modi and Chinese President Xi Jinping will hold bilateral talks at 10am tomorrow.

07:47pm Trading has now resumed on all segments of MCX India after a 40-minute halt between 18.45 and 19.25.

07:36pm Arbitrage fund or short term bond funds: Which one works for you? Here's an offering from our personal finance team.

07:24pm Trading on MCX has not resumed yet. Pending orders can be cancelled between 19.25 and 19.35, following which trading will resume, according to an MCX official.

07:07pm We'll keep you updated on the situation at MCX as soon as we get word. As things stand, trading should resume in the next ten minutes.

07:01pm Trading halted on all segments of MCX due to technical reasons, to resume at 7:15 pm: Sources

6:40pm Housing and urban development targets ambitious yet bold and transformative, says newly-inducted minister Hardeep Puri.

6:05pm Union minister Nitin Gadkari, who assumed additional charge of water resources today, has announced the formation of an inter-ministerial task force to expedite implementation of the Centre's Namami Gange mission.

Accompanied by his predecessor Uma Bharti, he also said the ministry would come out with a detailed schedule on achieving various targets under the mission in a time-bound and transparent manner in a week.

5:50pm Low-cost carriers could soon offer direct flights to Europe for as cheap as Rs 12,000.

5.25pm Elon Musk has made an ominous warning about artificial intelligence (AI), suggesting it could be the cause of a third world war.

His comment was in response to Russian President Vladimir Putin who said Friday that the first global leader in AI would "become the ruler of the world."

"China, Russia, soon all countries w strong computer science. Competition for AI superiority at national level most likely cause of WW3 imo (in my opinion)," the Tesla and SpaceX CEO tweeted on Monday.

5:00pm Prime Minister Narendra Modi has held talks with Russian President Vladimir Putin and discussed ways for boosting bilateral trade and investment along with the security situation in Afghanistan.

4:55pm Some sad news: Trinamool Congress MP Sultan Ahmed has passed away after suffering a cardiac arrest. He was 64.

4:40pm The new iPhone will be launched in a week now, but here's one major feature that will be missing.

3:55pm How has Urjit Patel fared in his first year as RBI Governor? A+ for tackling NPAs, writes Latha Venkatesh.

3:38pm Cash rich Oil and Natural Gas Corporation (ONGC) will raise its first debt ever, of Rs 25,000 crore, to part fund the Rs 37,000 crore acquisition of the government's stake in Hindustan Petroleum Corporation (HPCL), reports PTI. India's largest oil and gas producer has about Rs 13,000 crore in cash and would need to borrow the rest to fund the buying of government's 51.11 percent stake in HPCL.

3:15pm The Sun Pharmaceutical Industries’ stock has surged 3.59% on the Bombay Stock Exchange, with volumes slightly over its five-day trading average.

2:32pm The UN Security Council is slated to hold its emergency meeting on North Korea today post its nuclear detonation. The meeting is being convened on the request of United States, Japan, France, Britain and South Korea.

2:25pm After Prime Minister Narendra Modi's major reshuffle on Sunday comes Arvind Kejriwal's mini-rejig with just one change, reports NDTV. The Delhi Chief Minister has taken over the Water Ministry, giving himself a department for the first time since he took charge in 2015. He was "unhappy" with the performance of current minister Rajendra Pal Gautam.

2:18pm Shriram Transport Finance sees a sharp surge of 4.45% on the bourses

2:13pm There is a probable case for not hiking cess on big cars immediately, a government official told CNBC-TV18: “Festive season may demand postponing decision on hiking car cess immediately.” The official feels there is a possible case for reducing GST rates if revenue buoyancy continues till November. The move assumes significance as the GST council will deliberate on car cess issue at its September 9 meet.

2:00pm Rare Roman mosaic depicting Greek legends discovered in southeast England

[caption id="attachment_2377981" width="2048"] Cotswold Archaeology Facebook page[/caption]

1:42pm Star India has bagged five-year TV and digital media rights at a bid price of Rs 16,347 crore.

1:40pm Two farmers visiting their village revenue office to claim land under a scheme for Dalits but the officer there allegedly demanded Rs. 20,000 to facilitate what was legitimately theirs, reports NDTV. On Sunday, two young men in Telangana set themselves ablaze outside the office of a lawmaker of the state's ruling party. Before their shocking act came a series of events that began with the demand for a Rs 20,000 bribe.

M Srinivas, 25, and Y Parushuramulu, 23, are both farmers in Karimnagar, around 160 km from Hyderabad. They are both at a government hospital with severe burns after trying to burn themselves outside the office of Telangana Rashtra Samiti (TRS) legislator Rasamayi Balakishan.

1:34pm The use of the Hindi word ‘chhammakchhallo’ may seem cool in a Bollywood song, but its use in real life can land you in legal trouble, reports PTI. A court in Thane has held that the use of the word amounts to "insulting a woman's modesty". Incidentally, the word was part of a hit song in the Shah Rukh Khan-starrer "Ra.one"

A magistrate last week sentenced a city resident to simple imprisonment "till the court rises" for the offence and imposed a fine of Re 1 on him. One of accused's neighbours had dragged him to the court.

According to the woman's complaint, on January 9, 2009, while returning from a morning walk with her husband, she stumbled on a garbage bin which the accused had kept on the staircase.

The accused yelled at the couple, and, among other things, called the woman "chhammakchhallo". Finding it very offensive, the woman approached police, but the police refused to register a complaint. So she moved the court.

Eight years later, Judicial Magistrate RT Ingale upheld her case, saying that the accused had indeed committed an offence under section 509 of IPC (word, gesture or act intended to insult the modesty of a woman). "It is a Hindi word. There is no word for it in English. The said word is to be understood in the Indian society by its use. Generally this word is used to insult a woman. It is not a word for appreciating....it causes irritation and anger to any woman," the magistrate said in his order.

1:15pm After tech giants like Microsoft, Google and Adobe, now it’s the turn of Swiss pharmaceutical behemoth Novartis to name an Indian-origin person as its chief executive officer. The board on Monday appointed Vasant Narasimhan (Vas) as CEO effective February 1, 2018. Narasimhan will replace Joseph Jimenez, the incumbent CEO, who has informed the board of his desire to step down in 2018, after eight years in position, the Basel-headquartered company said in a statement on Monday.

12:45pm In other developments, we've got news that the Supreme Court has stayed insolvency proceedings against Jaypee Infra before the National Company Law Tribunal.

This may be a significant setback to the government's drive to clean up NPAs through the bankruptcy code. So far, courts have refused to entertain pleas against insolvency proceedings.

12.20 pm Further reactions to the North Korea development are awaited. The US government is yet to respond -- given Donald Trump's affinity for late-night tweets, one should keep a watch on his Twitter handle -- but risk asset classes have clearly gotten jittery.

Meanwhile, here's an interesting NYT editorial delving on what Kim Jong Un's motivations could be:

"...Six years after Mr. Kim took power and began executing those who challenged his rule — sometimes with an anti-aircraft gun — there is no issue that confounds analysts more than the motives of a 33-year-old dictator whose every move seems one part canny strategy, one part self-preservation, and one part nuclear narcissism.

The conventional wisdom has always been that Mr. Kim, like his father and grandfather before him, is mostly motivated by a deep desire to preserve the family business — a small country that is an improbable, walled-off survivor of Cold War.

But inside the Trump administration, many have begun to question the long-held assumption that his nuclear buildup is essentially defensive, an effort to keep the United States and its allies from finding the right moment to try to overthrow him."

Read more.

North Korea is possibly preparing a missile launch, Yonhap says https://t.co/AclruoBBgU@YvonneManTV is in Seoul: pic.twitter.com/b5grYWLo9s

— Bloomberg (@business) September 4, 2017

11:32am The Centre is very concerned with today's scenario in terms of job and employment, Minister for Oil & Gas and Skill Development Dharmendra Pradhan told CNBC-TV18. “We need various ministries, states, industries to collectively create an ecosystem. A near-term vision is needed to create coordination and an ecosystem.” As regards to excise cut on fuel, the minister said oil prices being a volatile issue, one would need to wait and watch before cutting excise cut on fuel.

11:14am The Delhi High Court has rejected Vodafone plea in the interconnect usage charge case, reports Cogencis.

11:12am A toddler with burnt injuries was turned away by a doctor at a government-run hospital in Bulandshahr, Uttar Pradesh, reports CNN-News18. The father was asked to wash the burnt child with water from a tank outside the hospital.

11:02am In a fresh clampdown on shell companies, the Income Tax (I-T) Department has identified 2,138 firms that deposited unaccounted cash during the demonetisation period, reports Business Standard. Tax officials have found deposits of Rs 1,321 crore so far, and expect the amount to swell to Rs 5,000 crore. The new data also have details of 3,676 directors and associated entry operators, who deposited cash in banks during the note ban period.

10:45am Raamdeo Agrawal, Co-Founder and Joint MD of Motilal Oswal Financial Services, believes it best to have a company-specific approach in the scenario where stocks have run up way ahead of fundamentals. “The noise about worries is clearly deafening. There is so much concern everywhere. The important thing should be to focus on individual companies rather than at the index level,” Agrawal told CNBC-TV18 in an interview. Watch video here 

10:37am The Federal Bank stock has gained over 2% after global research firm Jefferies initiated coverage on the stock. It has a buy rating on the stock with a target of Rs 140.

10:31am Prime Minister Narendra Modi will meet Chinese President Xi Jinping in Xiamen on Tuesday.

10:24am Newly appointed Defence Minister Nirmala Sitharaman has told NDTV that her appointment is a ‘message’ on women’s status in India. This after the Opposition criticised her elevation saying the government should go beyond symbolism.

10:23am Apex Frozen Foods debut in trade trade at Rs 202 on the National Stock Exchange Monday, a 15 percent premium over its issue price of Rs 175. The stock is locked at Rs 212.10, its 5 percent upper circuit.

10:17am The CBI court has granted bail to Naveen Jindal in Urtan coal block case, reports Cogencis. The case will be heard next on October 31.

10:01am US President Donald Trump is set to scrap a programme that grants work permits to immigrants who arrived in the country illegally as children, a move likely to impact more than 7,000 Indian-Americans, reports PTI. The programme - Deferred Action for Children Arrival (DACA) - was a key immigration reform of the former US President Barack Obama.

9:57am  A 25-year-old Indian student died days after she was rescued along with another Indian man from a swollen lake in the US state of Texas where Hurricane Harvey wreaked havoc, reports PTI. Shalini Singh, a student pursuing Masters degree in public health from the Texas A&M University, was rescued from Lake Bryan, where she along with another Indian student Nikhil Bhatia, had gone swimming last Saturday.

9:52am The most important person in the bank industry isn't a banker -it's Warren Buffett, the chairman and CEO of Berkshire Hathaway. He cemented that role this week by exercising warrants Berkshire Hathaway held to buy 700 million shares of Bank of America. Berkshire is now the biggest shareholder of the nation's second-largest bank by assets

9:49am Two terrorists are believed to be trapped in a cordon and search operation (CASO) at Sopore’s Shangergund area in Jammu and Kashmir’s Baramulla district, reports Financial Express. On Sunday, the Pakistan Army resorted to unprovoked firing of small and heavy arms in Amrodin, Chatkadi and Sadipora in Karnah of J&K’s Kupwara district.

9:41am Prime Minister Narendra Modi is likely to meet Russian President Vladimir Putin on the sidelines of the BRICS Summit in China. Despite the Doklam standoff, Modi shared a warm handshake with Chinese President Xi Jinping.

9:28am The Aditya Birla Group has entered the top valuation league with a market capitlaisation of over USD 50 billion post listing of financial services arm Aditya Birla Capital (ABCL), but Tatas remain on top at over USD 132 billion. The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.

9:16am Indian markets have opened in the red on North Korean concerns. The rupee continues to trade stronger against the dollar.

9:15am Kumar Mangalam Birla said Idea's growth plans will not be funded by Grasim or any other group company. “Idea has a plan to monetise assets and raise capital. We see the pain in Idea continuing for a few more quarters.” Birla remains bullish on cement and sees robust demand going forward. He ruled out listing of the insurance business. The stressed assets space has caught his fancy and he is open to sell 5% stake in AB Capital.

8:48am 49 children die in a Uttar Pradesh hospital due to lack of oxygen, probe on, reports CNN News18

8:32am Mahindra & Mahindra Financial Services (MMFSL) plans to raise as much as Rs 2,000 crore in equity capital via the qualified institutional placement route, reports Mint.

8:24am Aditya Birla Group has earmarked at least USD 3 billion for acquisitions in its aluminium business Hindalco Industries, reports Mint. The funds will be used to acquire assets in the aluminium space in Europe and the US with an eye on increasing focus on the downstream sector.

8:12am A rising rupee could bring cheer to companies with huge dollar loans like Tata Communications, Bharti Airtel, Idea Cellular, Vedanta, JSW Steel, Tata Motors and Tata Steel. According to Bloomberg Intelligence Economics, the dollar-rupee is likely to end FY18 around 61.1 as against 67 in FY17.

8:04am The Securities and Exchange Board of India (Sebi) is firming up rules that will require the mutual fund industry to introduce asset categories, reports Economic Times. This will spark scheme mergers and is aimed at helping investors identify the right plan from within the product heap. The regulator intends to classify MF schemes into three broad product groups — equity, debt and hybrid — which will be sorted further into subcategories as per the investment mandate.

7:40am North Korea conducted its sixth and most powerful nuclear test on Sunday, which it said was an advanced hydrogen bomb for a long-range missile. The Japanese yen, gold and sovereign bonds all rose early on Monday as the latest nuclear test provoked a shift to safe havens. Asian markets are trading in the red, with the SGX Nifty suggesting a subdued start.