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NSE records Rs 39,718 crore turnover in Closing Auction Session on MSCI rebalancing day
CAS accounted for 22% of NSE's total cash market turnover during the day. More than 98,000 unique investors participated in the session, while turnover was around 42 times the previous trading day's level.
India manufacturing growth loses momentum in August
Growth in output and new orders slowed to five-year lows amid softer domestic and international demand. Export orders continued to rise, although growth eased from July.
Jindal Worldwide jumps as EV arm plans 100 showrooms by FY28
Jindal Worldwide jumped 5.37% to Rs 40.40 after its electric vehicle arm and subsidiary, Jindal Mobilitric, announced plans to expand its retail network to approximately 100 showrooms across India by the end of FY28.
Market trade sideways; realty shares decline
At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 31.91 points or 0.04% to 76,989.18. The Nifty 50 index lost 9.45 points or 0.04% to 24,071.00.
US stocks edge higher in August, Nasdaq rises 3% in the month
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SML Mahindra gains after August sales climb 40% YoY
SML Mahindra rallied 3.30% to Rs 5,266.40 after the company announced that it sold 1,175 units in August 2026, registering a 40% growth from 842 units sold in the same period last year.
Skyways Air Services slips on market debut
Shares of Skyways Air Services were currently trading at Rs 129.90 at 10:10 IST on the BSE, representing a discount of 6.30% as compared with the issue price of Rs 138.
PM Modi terms India's 7.8% GDP growth a herculean feat
Prime Minister Narendra Modi has termed Indias exemplary GDP growth of 7.8% in the first quarter of Financial Year 2026-27 a herculean feat. The Prime Minister said that the achievement reflects the collective strength and resilience of the people of the country, despite oil price shocks, supply chain disruptions and global uncertainties. Meanwhile, Union Finance Minister Nirmala Sitharaman said that the credit for this strong performance goes to the people of the country and their hard work. The Finance Minister said that the reforms undertaken by the NDA Government, together with an agile management of the economy, are bearing results. She further said, Prime Minister Narendra Modi-led government remains committed to further expanding economic opportunities for all citizens
Symbiotec Pharmalab slides on debut
Shares of Symbiotec Pharmalab were currently trading at Rs 968.40 at 10:05 IST on the BSE, representing a discount of 1.98% as compared with the issue price of Rs 988.
Hy-Tech Engineers jumps on market debut
Shares of Hy-Tech Engineers were currently trading at Rs 68.69 at 10:10 IST on the BSE, representing a premium of 29.60% as compared with the issue price of Rs 53.
Bajaj Auto gains after total sales jump 28% YoY in August'26
Bajaj Auto rallied 3.05% to Rs 12,469 after the company reported a 28% increase in total vehicle sales to 5,35,764 units in August 2026, compared with 4,17,616 units sold in August 2025.
INR jumps to 2-month high on robust GDP growth
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E2E Networks rises after signing Rs 1,000 crore AI infrastructure term sheet
E2E Networks rose 3.10% to Rs 637.95 after the company announced that it had entered into a binding term sheet with a sovereign AI company based in India.
Japan faces day of policy reckoning as Scott Bessent calls time on big stimulus
While the BOJ was already widely expected to lift rates in September as inflation pressures grew, Bessent's recent comments effectively lock the bank into doing so and put pressure on it to step up hikes going forward.
Players of Garena Free Fire MAX in India can snag free in-game rewards through redeem codes. These codes unlock exciting valuables such as diamonds and unique weapon skins, enhancing gameplay without real money expenditure. To claim these rewards, players should head to the official Garena Rewards Redemption website. It's essential to act fast, as these codes tend to expire rapidly.
Cipla inks exclusive licensing agreement with SBP Group for ADC Rolditamig Deuderuxtecan
Cipla said that it has entered into an exclusive license and supply agreement with Chia Tai Tianqing Pharmaceutical Group Co. for Rolditamig Deuderuxtecan, a potential best-in-class HER2 bispecific antibody-drug conjugate (ADC).
Happiest Minds Technologies Ltd Slips 3.78%
Happiest Minds Technologies Ltd has added 3.94% over last one month compared to 0.34% gain in BSE Information Technology index and 1.41% drop in the SENSEX
Bharti Airtel Ltd Spikes 1.52%
Bharti Airtel Ltd has lost 5.75% over last one month compared to 3.87% gain in BSE Telecommunication index and 1.41% drop in the SENSEX
Advertising giant WPP set to axe 1,000 more jobs as AI reshapes the industry
British advertising group WPP plans to cut up to one thousand more jobs this year. This latest round adds to over eleven thousand job losses since early twenty twenty-five. The company is also offloading non-core businesses and surplus office space. Advertising industry-wide slowdown has seen eighteen thousand jobs cut across agencies. Executives say restructuring plans are increasingly designed with artificial intelligence tools in mind.
Bihar flood: Dardha, Jamuna overflow in Jehanabad; Kosi triggers flood-like situation in Bhagalpur
Assam CM Himanta Biswa Sarma pushes dairy expansion, targets stronger milk production and processing
Assam Chief Minister Himanta Biswa Sarma has directed measures to strengthen Assams dairy sector, including higher milk production, expanded Dairy Cooperative Societies, increased processing capacity and better procurement. Assam currently produces 33.53 lakh litres of milk daily, with 4.20 lakh litres of additional processing capacity coming up. The state also plans wider cooperative coverage and support for dairy farmers.
Nifty trade below 24,100 in early trade; breadth positive
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 39.69 points or 0.05% to 76,917.58. The Nifty 50 index lost 28.70 points or 0.12% to 24,056.70.
Priority Jewels IPO entered its final day of bidding with the issue subscribed 21.23 times on Day 2, led by strong retail and NII demand. The IPO is also commanding a 23% GMP, indicating expectations of a potentially healthy listing gain, while Anand Rathi has assigned a Subscribe for Long Term rating, citing the companys established customer base and growth opportunities.
Fortis case: Indian court directs appointment of forensic auditor, says IHH
The order follows applications filed by Daiichi Sankyo concerning Fortis and its erstwhile promoters, as legal proceedings over the hospital chain continue
Lumino Industries IPO allotment likely today: GMP signals 59% premium; heres how to check status
Lumino Industries IPO allotment is expected to be finalised today, September 1, with the Rs 700-crore issue set to list on BSE and NSE on September 3. The IPOs GMP is around 59%, signalling expectations of a strong debut, though grey-market trends are unofficial and volatile.
Fly-Hi Maritime, Farm Peace IPOs open today: Check price, lot size, GMP and key dates
Fly-Hi Maritime and Farm Peace IPOs open for subscription on the BSE SME platform from September 1 to 3, 2026. Fly-Hi Maritime carries a 5% GMP, suggesting a modest premium listing, while Farm Peaces zero GMP indicates expectations of a flat debut. Both companies aim to fund working capital and business requirements.
E2E Networks will be in focus after signing a binding term sheet worth approximately Rs 1,000 crore with an Indian sovereign AI company to provide NVIDIA Blackwell cloud GPUs and allied services until June 2029. The development comes alongside the companys Rs 1,500 crore fundraising plan and strong Q1 FY27 performance.
HFCL signs three-year optical fibre cable supply deal worth 2,329 crore
The three-year agreement will see HFCL supply high-fibre-count optical fibre cables to a global multinational customer through December 2029
Indegene among 6 stocks flashing bullish signals, hinting at a possible uptrend
On August 31, six Nifty500 stocks appeared on the White Marubozu bullish scanner, according to StockEdges technical scan data. The pattern indicates strong buying pressure throughout the trading session and can signal potential upward price momentum.
ABH Healthcare, Madhur Knit IPO listing today: Grey market hints at muted debut on NSE SME
ABH Healthcare and Madhur Knit are set to debut on the NSE SME platform today, September 1, 2026. Grey market trends suggest subdued investor enthusiasm, with Madhur Knit showing a modest Rs 2 GMP, implying a 2% premium, while ABH Healthcares zero GMP indicates a potentially flat listing. Both IPOs raised funds for debt repayment, working capital and corporate needs.
Supreme Petrochem among 5 stocks showing bullish RSI upswing
Five Nifty500 stocks showed rising RSI above 50 on August 31, signalling strengthening momentum and potential upward price movement.
BPCL Share Price Live Updates: BPCL's Price Decline Signals Caution
SBI Share Price Live Updates: SBI's Recent Performance Below EMA Signals a Downtrend
Sun Pharma signs agreement with US government for MFN pricing on medicines
The agreement comes as the drugmaker expands its US operations, with America accounting for 27 per cent of its global revenue
Britannia Share Price Live Updates: Britannia's returns dip in the last month
Maruti Suzuki Share Price Live Updates: Maruti Suzuki Falls Below Key Moving Average
Hindalco Share Price Live Updates: Hindalco's Positive Trend Signals Investor Interest
HCL Tech Share Price Live Updates: HCL Tech's Price Breakout Signals Strong Market Movement
Nestle India Share Price Live Updates: Nestle India Dips Below Key Moving Average
Apollo Hospital Share Price Live Updates: Apollo Hospital's stock price falls beneath the 20-day SMA
Wipro Share Price Live Updates: Wipro's Stock Price Declines Below EMA
UPL Share Price Live Updates: UPL's beta showcases its market behavior
IndusInd Bank Share Price Live Updates: IndusInd Bank Experiences Slight Weekly Decline
Bajaj Finserv Share Price Live Updates: Bajaj Finserv's stock price falls below the 20-day EMA
Cipla Share Price Live Updates: Cipla Surges Above 100-Day EMA
SBI Life Share Price Live Updates: SBI Life's Stock Declines by 1.21% This Week
Indo Tech bags Rs 54 cr order from Waaree Renewable Technologies
Indo Tech Transformers has received a Letter of Award (LoA) worth Rs 54 crore from Waaree Renewable Technologies for the manufacture and supply of five power transformers.
NTPC Share Price Live Updates: NTPC's six-month beta reflects stability
Dividend alert! Last day to buy NTPC, GAIL and 11 other stocks to qualify for dividend payouts
Under Sebi's T+1 settlement cycle, investors need to purchase a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (September 2), making them eligible for the dividend.
Hy-Tech Engineers shares to list today; 66% GMP signals strong listing debut
The Rs 135.73-crore IPO was offered at a price of Rs 53 per share. The issue comprised a fresh issue of 1.13 crore shares worth Rs 60 crore and an offer for sale (OFS) of 1.43 crore shares aggregating to Rs 75.73 crore.
Wholewheat label on McVities Marie biscuits misleading, rules CCPA
The consumer protection body said the McVities Whole Wheat Marie Biscuits contained only 19.5% whole wheat flour (atta), while 52% comprised refined wheat flour (maida); Pladis said it was willing to revise the packaging by removing Wholewheat from the trademark displayed on the pack
Symbiotec Pharmalab shares to list today; GMP signals 19% listing gain
The Symbiotec Pharmalab IPO plans to channel Rs 112.50 crore towards the prepayment and/or repayment, fully or partially, of select outstanding borrowings, helping strengthen the companys balance sheet and potentially reduce its debt burden.
Negative Breakout: These 11 stocks cross below their 200 DMAs
In the Nifty500 pack, 11 stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on August 31, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. Traders use the 200 DMA as a key indicator to determine a stock's overall trend. Take a look:
RBI's net short forward positions hit record $137 billion in July
The Reserve Bank of India's net short forward positions soared to a record high of $137 billion in July, driven by long-term swaps related to forex inflow strategies. The most notable rise occurred in short positions exceeding one year, climbing to $91 billion. The central bank's intervention tactics cover spot, NDF, and forward markets as Indias foreign exchange reserves reached an impressive $729.33 billion.
MSCI rejig disrupts arbitrage playbook, fuels late-session volatility
MSCI index rebalancing on Monday saw sharp stock swings in the final minutes. Global funds adjusted holdings, impacting several stocks significantly during the new Closing Auction System. The Closing Auction Session accounted for a substantial portion of the day's total cash market turnover. Some large-cap stocks experienced unexpected declines without clear fundamental reasons. Traders and investors are now adapting to the new dynamics introduced by the auction system.
FPIs stay open to IPO bets despite equity exodus
Foreign investors have shown a strong preference for India's primary market, channeling $4.9 billion into initial public offerings, which sharply contrasts with the $28.9 billion outflow from the secondary market. The momentum in primary market inflows picked up after July, highlighted by substantial contributions to major IPOs. Alongside this, domestic fundraising from a plethora of new offerings has also risen.
Natco Pharma looks beyond generics for its next growth shot
Chief executive and vice chairman Rajeev Nannapaneni lays bare the changing face of global pharma, explaining why Indian generics firms are scouting for new opportunities.
HDFC Bank CEO search faces a race against the RBI clock
RBI has taken anywhere from a little over a month to 14 months to approve the appointment of chief executives of private banks.
Pernod Ricard India cuts at least 200 jobs in two years in major operational restructuring
The French spirits maker is trimming mid-to-senior management roles to sharpen focus on high-margin categories, even as strong sales in India buck a global slowdown.
Indian equity markets ended lower on August 31, responding to prevailing global economic dynamics. A modest decline in the Nifty50 index brought it below essential moving averages. Key corporate updates emerged, including major merger announcements and buyback initiatives from Happiest Minds Technologies and PVR INOX. Milky Mist Dairy showed remarkable profit growth, whereas E2E Networks secured a vital contract.
IPO rush: India Inc to seek up to Rs 25,000 crore more in Sept
India's primary market anticipates a strong September with IPOs worth twenty to twenty-five thousand crore. Nearly twenty-five companies are preparing to launch offerings before their approvals expire. This surge reflects improved issuer sentiment after a cautious first half of the year. Companies are capitalizing on better market conditions and recent successful listings. This activity aims to complete fundraising plans before regulatory approvals lapse.
D-Street braces for weak opening on negative GIFT Nifty cues
Nifty declined on Monday as crude prices and geopolitical worries impacted market sentiment. Foreign investors sold shares while domestic institutions bought them on the same day. The Indian rupee reached a four-week high against the US dollar. Investors will closely monitor upcoming economic data releases this week. Market analysts suggest a cautious approach due to ongoing global tensions.
HSBC joins PEs in race for Nuvama Wealth
Asia-Pacific-focused private equity firm PAG, current owners of the listed financial services company, has revived attempts to sell the business after a years gap. Non-binding bids also in from 6 funds for 54% worth $1.8 billion. Two more strategics expected to join.
In an exclusive interview with ET, Zee founder Subhash Chandra rejects criticism over his personal insolvency settlement, saying the 22,000-crore figure includes guarantees beyond Indian banks 5,311-crore claims. He says borrowing entities will repay lenders, denies personally owning assets, defends the insolvency process and explains how family funds supported Zees revival efforts.
Amazon sued by FTC, more than 20 US states over alleged manipulation of advertising prices
The lawsuit, filed on Monday (August 31) in federal court in Seattle, claims Amazon since 2019 has secretly and systematically overcharged about 1.2 million advertising customers.
Rajesh Exports repays 510 crore dues to Canara Bank after DRT order
Canara Bank recovered all dues totaling 510 crore from Rajesh Exports. This recovery followed an order by a debt recovery tribunal. The bank initiated this action after the company blocked other recovery attempts. Rajesh Exports faced allegations of financial misrepresentation from SEBI. The bank was the largest creditor for the gold and jewellery exporter.
HDFC's search for a new CEO may go beyond its inner circle
HDFC Bank's board faces a difficult CEO succession task with a thin internal leadership pipeline. Regulatory tenure limits may push the bank towards a wider external executive search. Analysts suggest candidates from other banks and NBFCs could be considered. Jagdishan's exit offers an opportunity for a strategic reset and narrative change. The bank's strong franchise and financial profile should mitigate transition risks.
New trade rules raise compliance worries for banks over cross-border payments
As of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the validity of service contracts and foreign entities involved. Furthermore, banks will also be tasked with tracking export revenues and handling overdue export bills, creating a challenging landscape in service imports and exports aimed at curbing money laundering and suspicious trading practices.
A small price hike by electronic, auto companies is around the corner
Manufacturers will slightly increase product prices over the next fortnight. This move aims to protect crucial festive season demand and sales. Companies are absorbing some cost increases to avoid larger price hikes. Smartphone and automobile makers are implementing these adjustments now. Further price revisions are unlikely until at least November end.
Vineet Nayyar, founder of Sampark Foundation and ex-CEO of HCL Technologies criticised AI-led layoffs, noting that all innovations are human led. He added that people are not a problem or commodity to be thrown away.
New Delhi [India], August 31: Divya Jyoti Jagrati Sansthan (DJJS) today announced the details of the 31st edition of Shri Krishna Janmashtami Mahotsav 2026 at a press conference in New Delhi, unveiling an expansive spiritual and cultural celebration that brings together Sanatan wisdom, devotion, technology, culture and the spirit of selfless Seva.
Hyderabad (Telangana) [India], August 31: Truzon Solar, one of India's fastest-growing solar energy companies and a flagship brand of Suntek Energy Systems Pvt. Ltd., hosted a felicitation ceremony in Hyderabad to honour the Hyderabad E-Champions squad, champions of the inaugural TG20 League, at Taj Deccan, Banjara Hills.
People aged above 40 account for 76 pc of individual deposits in banks: RBI data
Individuals over forty hold most bank deposits, while younger workers contribute less. Term deposits grew significantly, outpacing savings and current accounts. Large deposits of one crore and above formed a substantial portion. Bank credit growth accelerated, driven by corporate sector loans. Interest rates on loans below nine percent increased notably.
Mahindra takes possession of 800 acres for biggest factory to make ICE vehicles, EVs and tractors
Mahindra is taking the first 800 acres for its 1,500-acre Nagpur manufacturing hub, planned to make ICE vehicles, EVs and tractors, with capacity exceeding 6 lakh units annually
GRT Jewellers to acquire 74.12% stake in TBZ for up to 1,033.7 crore
An open offer for an additional 26% stake will follow, pending regulatory approvals, marking GRT's significant expansion in India's organised jewellery retail market.
HDFC Bank CEO race: Who could be in the running to succeed Sashidhar Jagdishan?
HDFC Bank is actively searching for a new chief executive officer. The bank expects to appoint an executive search firm soon. Several internal and external candidates are being considered for the top position. The new leader will focus on restoring investor confidence and driving growth. This succession occurs as the bank navigates a crucial leadership transition.
Phil Schiller, another prominent name from the Apple fold, is set to step down from his role leading the App store and product events, Bloomberg reported citing sources.
ITC Infotech to merge with Happiest Minds, buy 22% promoter stake for Rs 1,330 crore
ITC Infotech will merge with Happiest Minds Technologies creating a significant IT services entity. This merger aims to establish an AI-first enterprise with a substantial turnover by FY28. ITC Infotech is acquiring a significant stake from Happiest Minds promoters as a precursor. The combined entity will become India's eleventh largest listed IT services player by revenue. Upon completion, the merged company is proposed to be listed on Indian stock exchanges.
Kotak Mahindra Bank has recommended executive directors Anup Saha and Paritosh Kashyap to the RBI as potential successors to CEO Ashok Vaswani, whose term ends on December 31, 2026. Here's a look at the two internal candidates.
NCLT forms 5-member bench to decide on Subhash Chandra's Rs 6.5 crore repayment plan
A new five-member bench will decide Subhash Chandra's repayment plan. This personal insolvency case involves claims exceeding twenty-two thousand crore rupees. A previous division bench failed to reach a majority verdict on the plan. Dissenting lenders have approached the insolvency appellate tribunal regarding the matter. The bench will commence hearings on Tuesday morning.
Sebi bars Tarapur Transformers, promoters from markets for 5 years in fund diversion case
Sebi barred nine entities, including Tarapur Transformers and its promoters, from securities markets for up to five years. The regulator found fund diversion through interest-free loans and fictitious transactions in company books. Rajendra Kumar Choudhary, a promoter, received a five-year ban and a Rs 30 lakh fine. Other entities faced three-year market bans for their involvement in these fraudulent activities.
Bank credit to industry rises 20 percent in July: RBI data
Bank credit to industry grew by twenty percent in July, while agriculture advances expanded faster. Non-food bank credit saw nineteen point one percent growth year-on-year. Large and medium industries experienced accelerated credit growth, and micro and small industries showed steady expansion. Services sector credit grew by twenty-two point nine percent, supported by financial companies and trade.
Mahanagar Gas Ltd to hike price of CNG by 2 per kg across all retail outlets
CNG in Mumbai would now cost 88/kg. Price of Domestic PNG would also be hiked by 1/SCM.
How Zee founders 6.5 crore repayment plan survived NCLT scrutiny
A deep dive into the case and what transpired over the last four years
Tim Cooks emotional farewell memo as Apple CEO: My title changes tomorrow, but
In the message, Cook said his departure from the CEO role was a moment he had always known would arrive, but admitted that it was still difficult to believe it had come.
ONGC plans 1 trillion investment in deepwater exploration by FY31
ONGC plans to invest 1 trillion over five years in deepwater oil and gas exploration, alongside setting up an international energy trading desk by late 2026.
Daiichi-Ranbaxy case: Delhi HC orders forensic audit into transactions of Fortis, Singh brothers
The Delhi High Court has appointed a forensic auditor to examine transactions. This audit aims to trace the dissipation of Fortis Healthcare shares. The former promoters, Malvinder and Shivinder Singh, are involved in these dealings. A Rs 3,500 crore arbitral award favors Japanese firm Daiichi Sankyo. The court seeks to reconstruct events and identify involved parties.
NCLT constitutes 5-member bench; Subhash Chandra insolvency case hearing tomorrow
The tribunals special bench and NCLAT are scheduled to hear the matter on September 1 amid challenges from three creditors.
Subhash Chandras 6.25-crore repayment plan has hit a hurdle after an NCLT bench found no majority opinion. The tribunal has formed a 5-member bench to decide his personal insolvency case against admitted creditor claims of 22,006.57 crore.
