The exchange has fixed the IPO price band at Rs 1,700 to Rs 1,785 per share, with each share carrying a face value of Rs 1. The lot size has been set at eight shares, meaning retail investors will need to invest a minimum of Rs 14,280 to bid for one lot. Further bids will have to be made in multiples of eight shares.

NSE IPO price band details

Retail investors have been allocated 35% of the issue, while 50% has been reserved for eligible institutional bidders (QIBs). The remaining portion will be available to non-institutional investors (NIIs).

At the upper end of the price band, the NSE IPO will be valued at Rs 22,561.57 crore, making it the second-largest IPO in Indian history. At this price, NSE will have a market capitalisation of Rs 4.41 lakh crore. Eligible employees participating in the IPO will receive a discount of Rs 170 per share.

Its selling shareholders in the offer for sale include SBI, Canada Pension Plan Investment Board, Aranda Investments (Mauritius) Pte. Ltd., MS Strategic Mauritius Ltd., New India Assurance, SBI Capital Markets, Bank of Baroda, Stock Holding Corporation of India, General Insurance Corporation of India and United India Insurance Company.

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The IPO is entirely an Offer For Sale (OFS), which means NSE itself will not receive any proceeds from the share sale.

NSE IPO bankers and lead managers

Kotak Capital, JM Financial, Morgan Stanley India, Citigroup, HSBC Securities, JPMorgan India, SBI Capital, Anand Rathi Advisors, Avendus Capital, Axis Capital, DAM Capital, Equirus Capital, HDFC Bank, ICICI Securities, IDBI Capital, IIFL Capital, Motilal Oswal, Nuvama Wealth, Pantomath Capital and 360 ONE WAM are the book running lead managers for the IPO.

When will NSE shares list?

NSE shares will be listed on the Bombay Stock Exchange. Allotment for eligible shareholders is scheduled to be determined by September 22, while the shares are expected to be credited to the demat accounts of eligible shareholders on September 23.

The shares will list on the bourses on September 24.

NSE IPO size trimmed

Meanwhile, NSE has cut the size of its proposed IPO offer for sale by around 15%, with several shareholders reducing the number of shares they intend to sell, according to the red herring prospectus (RHP) filed on September 10.

The total OFS has been reduced to up to 12.64 crore shares from the 14.89 crore shares proposed in the UDRHP. This represents a reduction of around 2.25 crore shares.

The entire reduction has come from eight sellers. MS Strategic (Mauritius) has reduced its offer by 0.50 crore shares, while Stock Holding Corporation of India has cut its proposed sale by 0.47 crore shares. General Insurance Corporation of India has reduced its offer by 0.45 crore shares, Bank of Baroda by 0.33 crore shares and National Insurance Company by 0.20 crore shares.

Mahagony Limited has lowered its proposed sale by 0.20 crore shares, while Indian Bank has reduced its offer by 0.10 crore shares. Individual shareholder Amit Kumar Lohia has withdrawn from the OFS entirely, removing 25,000 shares from the proposed sale. Together, these eight sellers account for the full 2.25 crore-share reduction in the OFS.

Canada Pension Plan Investment Board, Aranda Investments (Mauritius) and TA Asia Pacific Acquisitions, however, have kept their proposed sale quantities unchanged.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Discord users across the United States began reporting widespread access problems early Friday morning, with outage-tracking site Downdetector logging a surge in complaints starting around 12:10 a.m. EDT, primarily centered on voice call connectivity failures.

Downdetector’s official account flagged the surge in a post shortly after the reports began, asking affected users how the disruption was impacting them and directing people to its live outage map for updates. The hashtag “DiscordDown” began circulating on social media as users compared notes on the issue.

According to Sunday Guardian Live’s analysis of the outage data, 68% of reported problems were related to voice calls specifically, followed by 20% involving the mobile and desktop app and 6% involving the website. Users attempting to join voice chats reported calls taking unusually long to connect or failing outright, with the complaints suggesting voice connectivity was the primary issue affecting the platform’s users.

Independent monitoring service Entireweb reported the situation escalating significantly as the morning progressed, with 151 outage reports logged in the preceding 24 hours as of its most recent check, 25 of which had come in within just the past hour. The service recommended affected users take a break and try again later given the elevated volume of active complaints.

Separate tracker IsDown, which specifically monitors Discord’s voice service, recorded a more modest three user reports in the 24 hours leading up to its check just after midnight Eastern time, illustrating how quickly the reported issue appeared to escalate in the hours that followed. One user report captured by IsDown earlier in the week described being stuck on a “waiting to connect” message when attempting to use voice chat, with the same issue affecting friends in different countries simultaneously.

Not every monitoring service reached the same conclusion about the scope of Friday’s disruption. StatusGator characterized Discord as “operational” as of its most recent check at 3:57 a.m. UTC, while still logging 16 user-submitted outage reports over the preceding 24-hour period. Similarly, UptimeRobot’s automated check, run from North America just after 4 a.m. GMT, did not detect any unusual response times or error codes affecting the platform, a pattern of conflicting readings that has periodically characterized Discord outages in the past, given that the company’s official status page has, at times, continued to show the service as fully operational even while independent trackers and user reports pointed to a genuine disruption.

Discord has a well-documented history of voice-specific outages that have not always been immediately reflected on its own official status page. During one previous incident, Downdetector reports spiked to well over 7,500 within a short window, with users reporting server connection issues and voice chat failures displaying an “awaiting endpoint” error message, even as Discord’s status page continued showing the service as operational throughout that disruption. That earlier outage was ultimately traced back to a concurrent issue affecting Google Cloud Platform, the infrastructure provider Discord primarily relies on, with Discord’s own issues clearing up shortly after the underlying Google Cloud disruption was resolved.

Discord, the widely used voice, video and text communication platform originally built around gaming communities but now used broadly for a wide range of online communities, has grown into one of the most heavily trafficked messaging platforms globally, making even relatively brief disruptions to core features like voice chat a significant source of user frustration and social media attention.

For users experiencing ongoing issues Friday, UptimeRobot recommended standard troubleshooting steps, including attempting to access Discord from an alternative browser, device or network, such as a mobile hotspot, disabling any active VPN connection, clearing the device’s DNS cache, and restarting the home router before concluding that a broader platform-wide outage is responsible for the disruption. If Discord loads and functions normally from a different network or device, the underlying issue is more likely tied to a user’s own local internet connection rather than reflecting a genuine service-wide problem.

Given Discord’s function as a primary communication tool for millions of users, including gaming communities, hobbyist groups, professional teams and informal friend circles, disruptions specifically affecting voice chat functionality tend to draw significant and immediate user frustration, given how central real-time voice communication has become to how many people use the platform on a daily basis.

Outage-tracking platforms including Downdetector, Entireweb, StatusGator and IsDown each compile crowdsourced reports from affected users and cross-reference them against automated server checks to help determine whether a genuine, widespread service disruption is underway, as opposed to isolated technical issues affecting only a subset of users. The notably conflicting readings across different monitoring services during Friday’s incident, ranging from Entireweb’s escalating report of 151 complaints to StatusGator’s more modest count and UptimeRobot’s clean automated check, underscore the inherent difficulty in definitively characterizing the scope of a disruption like this one in real time, particularly for issues that may affect certain regions, connection types or specific platform features, such as voice calling, more severely than others.

As of early Friday morning, Discord had not issued a detailed public statement specifically addressing the cause of the reported voice call and connectivity issues. Affected users were advised to continue monitoring both Downdetector’s live outage tracker and Discord’s own official status page for further updates, while the company worked, without formal public acknowledgment as of the time of this report, to address whatever underlying issues were contributing to the voice connectivity problems affecting users across the United States early Friday.

Firms across Europe have been switching from fossil fuels to electricity for their industrial needs, encouraged by subsidies from EU funds.

While that is helping bring down emissions of climate-warming gases, it has also made firms more vulnerable to power cuts.

And in Spain and Portugal that threat was made painfully clear last year.

On both sides of the border, firms are looking for ways to avoid disruption.

“The industrial sector has been one of the first to look at storage systems, since it can’t have its production drop off too abruptly,” says Miguel Matias, founder of the Portuguese energy services company Self Energy, headquartered in the UK.

“A backup for a few hours, or even minutes, might guarantee that machines don’t get damaged,” he says.

And there have been more recent incidents to spur investment.

At the end of January, Storm Kristin toppled thousands of electricity and telecom poles across central Portugal, cutting power and communications to hundreds of thousands of people – some for weeks.

So, companies and other organisations have been taking action.

In Spain, battery storage capacity has risen almost sevenfold since last April, from about 28 MW before the blackout to 193MW in April 2026, according to the grid operator Red Eléctrica.

And much more capacity is planned.

In December, the IDAE, Spain’s Institute for the Diversification and Saving of Energy, awarded €827m in EU funds to 133 energy storage projects totalling 2,400MW. Around 80% of that is battery storage.

The new capacity will be close to 10 times the amount that Red Eléctrica currently registers on the Spanish grid.

It’s all good news for battery suppliers.

“We are seeing not only an increase in demand, but also a clear evolution in customer requirements,” says Alberto Bodegas, from battery storage company Sungrow.

Traditionally, commercial and industrial clients were looking for partial or full backup solutions, Bodegas says.

Today, Bodegas says customers are demanding more advanced capabilities, such as seamless backup, meaning the switch from grid to backup occurs instantaneously and without any noticeable interruption.

This is particularly critical for sensitive environments such as hospitals and data centres.

Delivery times are also crucial for buyers, currently under tight deadlines linked to EU funding programmes. Battery companies are being pressed to meet increasingly shorter delivery dates, Bodegas says.

Ford Motor Co. CEO Jim Farley is pushing back on Transportation Secretary Sean Duffy’s accusations that the automaker is becoming too reliant on China, calling them “basic misunderstandings” that could have been cleared up with “a simple five-minute call.”

In an interview Wednesday with The Wall Street Journal, Farley rejected allegations in a letter from Duffy accusing Ford of “actively intertwining its future with Chinese state-backed enterprises.”

“These are basic misunderstandings, mistruths, whatever words you want to use,” Farley told the outlet.

“We’re not enabling the Chinese to come here,” Farley added. “Actually, you could argue the opposite is the case.”

DUFFY PUTS FORD ON NOTICE OVER CHINA TIES, WARNS OF SECURITY CONCERNS

Ford Motor Co. CEO Jim Farley is pushing back on Transportation Secretary Sean Duffy’s claims that the automaker is becoming too reliant on China. (Jeff Kowalsky/Bloomberg via Getty Images)

Farley also denied Duffy’s claim that Ford had proposed a “framework” that would make it easier for Chinese automakers to establish joint ventures in the U.S., according to The Wall Street Journal.

“N-O, period,” Farley said. “That’s flatly wrong. Ford does not propose any framework described in the letter. We are America’s car company.” 

The letter, made public Tuesday, urged Ford to reduce its reliance on Chinese companies, prioritize U.S. manufacturing and allied supply chains, and “promote the self-reliance and integrity of the domestic automotive industry.” 

Duffy also pointed to Ford’s battery plant in Marshall, Michigan, which licenses technology from Chinese battery giant CATL.

Duffy’s letter, made public Tuesday, urged Ford to reduce its reliance on Chinese companies. (Reuters/Brian Snyder)

Ford sharply disputed Duffy’s accusations, calling the letter “a wrongheaded attempt to capture headlines at the expense of a company that has done more for American manufacturing than virtually any other in the nation’s history.”

FORD’S US MANUFACTURING EXPANSION TO BRING ‘THOUSANDS AND THOUSANDS OF JOBS,’ LUTNICK SAYS

The automaker said its BlueOval Battery Park Michigan facility is owned and operated by Ford, represents billions of dollars in investment and is expected to create about 1,700 American jobs. 

The company said its agreement with CATL is “a limited technology-licensing and services agreement, not a joint venture or foreign-owned manufacturing operation.”

While Farley has warned that Chinese automakers pose a threat to the U.S. auto industry, he said Ford still has to work with competitors in some areas to remain competitive, according to The Wall Street Journal.

“I sure would love the Secretary to come to Marshall, Michigan, and to Louisville like others in the administration to see our breakthrough technology innovated here in the U.S.,” Farley told the outlet.

Farley also said he was surprised Duffy aired his concerns publicly.

“We have great relationships with them that are informal where we can call each other, in either direction,” Farley said. “And we’ve never been surprised like this.”

FORD TEAMS UP WITH OUTDOOR OUTFITTER FILSON TO LAUNCH NEW BRONCO SUV

While Farley has warned that Chinese automakers pose a threat to the U.S. auto industry, he said Ford must also work with competitors in some areas to remain competitive. (Jeff Kowalsky/Bloomberg via Getty Images )

CLICK HERE TO GET FOX BUSINESS ON THE GO

On Wednesday, the White House’s Rapid Response 47 account appeared to defend the automaker, writing on X that Ford “is a GREAT American company” that has “done a tremendous job on increasing investments domestically and shoring production back to the U.S.”

FOX Business reached out to the Department of Transportation for comment.

FOX Business’ Brittany Miller contributed to this report.

A journey shaped by more than two decades in finance, Ajaypal Somvanshi has moved from his Indian foundations to international financial markets, fund management and entrepreneurship, with Dubai becoming the stage for a significant new milestone.

Dubai, UAE: Success in financial markets is rarely defined by a single decision. It is built over years, through changing economic cycles, calculated risks, difficult lessons and the ability to continuously adapt. For Ajaypal Somvanshi, that journey has unfolded across cities, countries and financial markets.

With roots connected to Jaipur, Somvanshi has spent more than two decades developing a career across banking, trading, commodities, derivatives, portfolio management and investment strategy. Today, as Founder & CEO of ASKA Global Fund, Mauritius, he is entering a broader phase of that journey, one focused not simply on participating in markets, but on building an international platform around investment experience, education and opportunity. And in September 2026, Dubai provided a fitting stage for recognition of that evolution.

The Foundation: Experience Before Entrepreneurship

Long before becoming a founder, Somvanshi built his professional foundation inside the financial industry. His career includes experience associated with organisations such as LIC HFL, HDFC Bank, Aditya Birla Group and Howden UK, exposing him to different dimensions of financial services and business. As his career progressed, his interests moved increasingly towards financial markets.

Equities were joined by commodities. Traditional financial experience expanded into derivatives, indices and forex. Portfolio strategy and risk management became increasingly important components of his professional expertise. His exposure eventually extended to international markets, including trading across major exchanges such as COMEX and NYMEX. It was a progression that transformed an India-based financial career into something increasingly global.

When the UAE Became Part of the Story

The Middle East became another important chapter when Somvanshi took on responsibilities with Al Aweal Holding in Abu Dhabi. As Fund Manager, he was involved in managing a substantial proprietary futures portfolio, according to information supplied for this profile. His responsibilities extended beyond trading decisions to developing hedging and equity-derivative strategies and leading a team of traders. This period represented more than another professional appointment.

Working in the UAE placed Somvanshi within a highly international business environment, where capital, companies and professionals from different parts of the world intersect. That exposure would become increasingly relevant to the next phase of his career.

From Managing Capital to Building a Vision

After years spent working within financial institutions and managing markets, Somvanshi’s journey began moving towards entrepreneurship and leadership. Through ASKA Global Fund, Mauritius, where he serves as Founder & CEO, his focus has expanded towards building international relationships and exploring opportunities across markets. Mauritius adds another dimension to a journey already connecting India and the UAE.

Rather than viewing these markets independently, Somvanshi’s emerging outlook is increasingly cross-border, bringing together financial experience, strategic relationships and investment opportunities within an international framework. It marks an important transition in his story:

from financial professional to fund manager, and from fund manager to founder.

Knowledge as an Investment

Capital, however, represents only one part of Somvanshi’s professional interests. Education has developed alongside his market career. According to information provided for publication, Somvanshi has mentored more than 1,500 traders, helping participants develop their understanding of trading strategies, risk management and market analysis. His association with PSS EDU further reflects this interest in financial education and knowledge development.

For someone whose own career has evolved through changing financial environments, the philosophy is particularly relevant: markets change, technology changes, and strategies evolve, making continuous learning essential. With an MBA and more than 20 years of market exposure, Somvanshi’s approach combines technical and fundamental analysis with quantitative thinking and an awareness of emerging trading technologies.

Dubai: A Moment of Recognition

On 6 September 2026, Somvanshi’s professional journey reached another milestone in Dubai. He was honoured with the Global Business Leader Award 2026 at the Global Business Conference & Summit 2026, held at the Metropolitan Hotel, Dubai. The recognition brought together several chapters of his story.

The professional foundations developed in India. The years spent understanding and navigating financial markets. The experience of fund management in the UAE. The transition towards entrepreneurship through Mauritius. And now, recognition on an international business platform in Dubai. The award therefore represents not the conclusion of his journey, but another marker along it.

A Journey Still in Motion

Somvanshi’s story is ultimately about evolution rather than geography. Jaipur represents the roots. India provided the professional foundation. The UAE expanded the horizon. Mauritius opened a new entrepreneurial chapter. And Dubai became a stage for international recognition.

Today, his ambitions extend beyond managing portfolios or analysing individual markets. Through ASKA Global Fund and his involvement in education, Somvanshi is looking towards a broader ecosystem connecting capital, knowledge, people and opportunity. After more than two decades in finance, his journey demonstrates that meaningful professional growth is rarely a straight line. It is built market by market, decision by decision and opportunity by opportunity.

From Jaipur Roots to a Global Horizon

For Ajaypal Somvanshi, receiving the Global Business Leader Award 2026 in Dubai represents an important milestone, but perhaps the more compelling story is everything that came before it, and everything he intends to build after it. The markets may have shaped his career. The next chapter is about turning that experience into a global vision.

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Parton wasn’t always wealthy. She grew up in poverty and in her 1971 hit Coat of Many Colours describes how she would wear rags to school which her “mama” had knitted together.

In a 2017 BBC interview, she said her father gave her business lessons from early in her career.

“My dad wasn’t an educated man, he wasn’t able to read and write, but my daddy had a great sense of business,” she told the BBC’s World Service in 2017.

“So when I got into the music business, I thought of it as a business. And so I started early on keeping my own songs and my own publishing company.”

While her publishing company helped build her wealth, Parton had plenty of other business ideas.

In 1985, she co-founded a film and TV production company called Sandollar Productions, which helped to make 90s cult thriller Buffy The Vampire Slayer.

Then there was Dollywood – the theme park in in the foothills of the Great Smoky Mountains in her home state of Tennessee, which she became co-owner of in 1986. It had changed owners multiple times since it was first set up 25 years earlier and her buy-in exponentially boosted visitor numbers.

She kept improving the park. In 2015, she opened the DreamMore Resort, a four-star hotel and spa down the road from Dollywood. Today, many of Parton’s family members work at the theme park and it is the biggest employer in its county.

She launched the Dolly Beauty cosmetics line in 2025 and she opened Dolly’s Tennessean Travel Stop in June this year. The shop offers a signature coffee brand named Cup of Ambition, a nod to her Grammy-winning single 9 to 5.

Paul Milliken, a reporter from Fox 5 Atlanta who had interviewed Parton many times, said diversification was the key to her business success.

“It’s a lesson that continues from her to this day to young artists,” he told BBC’s Wake Up to Money.