Daily Recap: Business — 26 September 2026

Business news is led by a modest easing in US-China trade tensions, with Washington talks producing targeted tariff cuts and a new channel for AI discussions even as deeper disputes remain unresolved. Elsewhere, companies keep pushing toward public listings, while households weig...

The United States and China agree to tariff reductions worth $30 billion and to open a formal dialogue on artificial intelligence after President Xi Jinping’s Washington meetings with President Donald Trump. The outcome signals limited but concrete movement on trade and technology ties after several days of talks on the broader bilateral relationship.

Trump and Xi wrap up their three-day summit with symbolic events, including tea and a tour of US historical archives, while presenting the talks as an effort to preserve strategic stability. The meeting ends without major breakthroughs on the hardest disputes, underscoring that the latest progress remains narrow rather than transformative.

Anmol Industries files draft papers for an initial public offering valued at about ₹1,800 crore, advancing the packaged foods and biscuit maker toward a potential market debut. The filing marks one of the larger proposed listings in the current batch of Indian IPO activity and signals continued appetite for consumer-sector fundraising.

Baanganga Gold & Diamond files for an IPO of up to ₹720 crore with a structure that combines a fresh issue of up to ₹540 crore and an offer for sale of up to ₹180 crore. The draft filing moves the jewellery company further along the route to a public listing in India’s primary market.

J Infratech submits preliminary papers to SEBI for a ₹600 crore IPO built around a fresh issue of shares. The filing sets the infrastructure company on course for a potential share sale, although key commercial details such as the price band and subscription dates have not yet been announced.

Deon Energy files draft IPO papers with SEBI as the Ahmedabad-based solar EPC company seeks capital for expansion, including plans tied to 30 megawatts of solar power generation. The proposed share sale includes both a fresh issue and an offer for sale by promoters, alongside funding for other corporate needs.

Australian borrowers are weighing whether to lock in fixed-rate mortgages before an expected interest-rate increase. The decision is especially important for households under financial pressure, because fixing a rate can provide more certainty over monthly repayments even if it limits flexibility should borrowing costs later ease.

A dietitian is warning that routinely drinking four litres of water a day may be excessive for some people, pushing back on broad wellness advice circulating online. The guidance highlights that hydration needs vary, and that more water is not automatically better for every person or every routine.