Goldman Sachs reports that Persian Gulf oil exports are higher than what is visible due to tankers turning off their tracking systems while crossing the Strait of Hormuz. This has created a disconnect between observable tanker movements and actual exports. The bank also highlights the high shipping risks in the region, with recent confirmed tanker strikes.
Sebi's review of the CAS has been well-received by market players, with trading-linked stocks and brokerages seeing a boost. Proposed reforms include a hybrid settlement mechanism and aligning closing times of cash and derivatives markets. BSE's CEO recognizes the need for improvement and suggestions from market participants include using VWAP for derivatives settlement.
The Income Tax Department has launched Form 1 for the FAST-DS 2026 scheme, allowing small taxpayers to declare undisclosed foreign income or assets. The form must be filed electronically by December 31, 2026 and has four parts. This scheme offers a simple way for individuals to report unreported foreign income and assets, with lower taxes and fees, and is open to former Indian residents.
States' capex growth slows in April-July FY27, with only 4 tranches of tax devolution shared compared to 5 last year. However, stronger tax revenues and lower borrowings give states fiscal space to increase capex in remaining months. Maharashtra, Punjab, and Kerala see significant increases in capex, while West Bengal and Bihar see declines.
The NSE has been granted approval for its IPO, which will be one of India's biggest. The offer for sale will have 10 shareholders selling a total of 148.905 million shares, including State Bank of India, MS Strategic, and Canada Pension Plan Investment Board. The IPO could bring in a significant profit for some shareholders, exceeding expectations.
Kia India plans to sell 410,000 vehicles by 2030, with a focus on premium SUVs and electrified powertrains. They will introduce 10 new models, 8 of which will have electrified powertrains. While they have enough capacity, they must boost sales and exports. The launch of Sorento, a premium SUV, demonstrates their strategy of diversifying powertrains.
E-way bill generation under GST increased by 7.7% in August, indicating growth in India's organized economy due to improved compliance and steady consumption demand. However, it was down 0.5% from July. This rise is expected to continue during the festive season, further boosting GST collections which saw a 14.6% increase in August.
Reliance Jio, known for its free calls and cheap data, is set to launch a massive IPO worth Rs 37,700 crore. After investing in infrastructure and gaining millions of subscribers, the company is now focused on monetizing its network, customer base, and digital ecosystem. With a customer base of 524 million and a wide range of services, Jio's IPO is a significant milestone in its growth.
HarperCollins India has obtained the rights to publish Sonia Gandhi's memoir, Belonging: A Journey of Love, following a dispute with Penguin India. The highly anticipated book, releasing on November 10, will delve into India's post-independence era and Sonia's personal life, including her marriage to Rajiv Gandhi and her political journey.
Ola Electric has launched its first cohort of dealer-operated stores in seven states, with plans to expand to over 500 dealerships in the coming months. This shift to a partner-led retail model will improve market reach and customer response, while existing company-owned stores will focus on providing product experience.
A Coast Guard plane carrying DHS Secretary Markwayne Mullin and 14 others made an emergency landing at Ronald Reagan Washington National Airport due to engine failure. This raises concerns about the safety of old Coast Guard aircraft and the DHS's request for a new, luxurious jet. Mullin praised the pilots for their professionalism.
Anil Chakravarthy, a successful Indian tech leader and IIT alum, has been appointed as the new CEO of Adobe, taking over from long-time CEO Shantanu Narayen. Chakravarthy's expertise and past achievements at Adobe make him well-equipped to lead the company's growth in the age of AI. He will work closely with Narayen, who will now serve as executive chair, to ensure a seamless transition.
Motilal Oswal has initiated or reiterated ‘Buy’ calls on three stocks with potential upside of 14% to 66%. The reasons behind the calls are different, with PhysicsWallah's online growth and improving margins, UltraTech's cement demand and entry into cables and wires, and CG Power's higher transformer capacity and rising power-sector demand.
Jefferies forecasts a bright future for Indian equities, citing a potential increase in nominal GDP growth and corporate profits. The brokerage is optimistic about sectors like banks, power, metals, property, and hospitals, and recommends top picks like HDFC Bank, Adani Energy Solutions, JSW Energy, DLF, Fortis Healthcare, and Medanta.
UltraTech Cement's foray into the wires and cables industry has caused worry among existing players, causing a significant drop in their stocks. With a planned investment of Rs 1,800 crore, UltraTech aims to dominate the segment within five years. it predicts that their new business could contribute up to 7% of their revenue and EBITDA by FY30
ESDS Software Solution made a strong stock-market debut today, September 4, with its IPO receiving a strong response from investors. The stock opened at a 76.46% premium over its issue price of Rs 429 and was heavily subscribed, with bids for 142 times the shares on offer. The company operates in the technology space and raised Rs 720 crore through a fresh issue of 1.68 crore shares.
CLSA predicts a positive future for Oil And Natural Gas Corporation Ltd. and Oil India in the oil and gas industry, with expected tightening of crude oil markets and increasing demand in Asia. ONGC has potential for 71% growth, while Oil India has 12.4% growth. Strong production growth and a tighter crude market are key triggers for both stocks, according to the report.
Adani Group is rapidly expanding its property development with plans for over 600 million sq ft, surpassing DLF as the largest listed developer in India. They are also targeting an extra 150 million sq ft near airports and city-side infrastructure. The group is focused on boosting Mumbai's economy with their projects and has experienced a significant increase in their real estate wealth.
Aditya Birla Group is leveraging its resources and expertise to enter new markets and challenge established players. Chairman Kumar Mangalam Birla sees the group as a platform for innovative ventures, targeting categories with growth potential and market disruption. Ultravolt, the group's latest venture in wires and cables, aims to be a top player with a massive investment of `1,800 crore.
Tata Trusts declared that the allegations against the transfer of shares in 1989 were baseless and the charity commissioner of Maharashtra dismissed the complaint. The commissioner stated that the transfer was lawful, supported by documentation, and the trust made a profit. The commissioner also expressed surprise at the behavior of a trustee.
India and New Zealand's FTA, to be implemented in October, will remove tariffs on all Indian exports. New Zealand has committed to investing $20 billion in India over 15 years. Talks with China and negotiations for a CEPA with Chile are expected at the BRICS Summit. Expanding the Preferential Trade Agreement with Mercosur is also under consideration.
Moody's Ratings predicts that India's data centre investment will have a limited impact on the country's economic growth due to high import intensity. The construction phase will add 0.10% to GDP, with power generation contributing 0.03%. Malaysia is expected to benefit more with a potential 1.75% contribution to GDP.
India's crude import bill is facing pressure with the benchmark crude basket rising to $99.35/barrel, a 7.9% increase from August and 18.6% higher than July. This is due to tensions in West Asia and volatility in crude markets after US strikes and Iranian retaliation.
India's service sector showed a slight recovery in August with an increase in new business inflows and stronger customer demand. However, the pace of expansion was slow, with subdued bookings and increased competition limiting growth. Job creation was at a 15-month high and price pressures only picked up modestly.
India's Finance Minister, Nirmala Sitharaman, assured investors that the country's economic strength, ongoing reforms, and commitment to fiscal responsibility make it a reliable destination for global investment. Despite global disruptions, India remains the fastest-growing major economy, with a 7.8% growth in Q1 of FY 2026-27.
Advertisers are gearing up for the festive season, with a predicted 10% increase in ad spending to reach Rs 66,000 crore. Despite obstacles like inflation and conflicts, consumer and advertiser sentiment remains upbeat. A survey reveals that 67% of Indian consumers plan to spend more on fashion, furniture, electronics, and consumer durables.
Maruti Suzuki is experiencing a high demand for their products, resulting in only 16 days of inventory heading into the festive season. To meet this demand, the company has installed two new production lines, but it will take a few months to reach full capacity. They also have plans to introduce new SUVs and continue their multi-powertrain strategy.
The month of August saw a record high of Rs 98,353 crore in bulk and block deals, attributed to the end of lock-in periods for new companies and improved market sentiment. Mutual funds and foreign portfolio investors were the top buyers, with FPIs using block deals to invest in mid- and small-cap stocks.
Indian refineries have adapted their crude procurement approach amidst the West Asian crisis. The Indian crude basket (ICB) is a key indicator for policymakers and companies to monitor crude costs, inflation dangers, and geopolitical disturbances.
Hyundai Motor India is increasing its efforts to boost sales in the domestic passenger vehicle market. They plan to focus on EVs, with a goal of 7-8% of sales next fiscal year, and ramp up exports to 30% in five years. Production capacity is being expanded and a mass-market EV is being introduced. Hyundai will continue to offer a variety of eco-friendly vehicles to meet customer needs.
Chennai-based air freight company Afcom Holdings has signed an LOI with Boeing for the acquisition of up to four Boeing 777-8F freighter aircraft. This would be the first order for the 777-8F by an Indian carrier. Afcom plans to expand its cargo operations and enter wide-body freighter operations.
India's Commerce and Industry Minister Piyush Goyal stresses the need for a clear tariff advantage for Indian exporters before signing a bilateral trade agreement with the US. He highlights the importance of relative tariff burden and the competition India faces in the American market.
BSE's weekly derivatives expiry triggered extreme volatility during the closing auction session on Thursday, with the Sensex plunging more than 2,100 points before recovering by 1,800 points. The benchmark eventually closed down 417 points, adding to concerns over liquidity and price discovery.
Indian economy growing rapidly due to high government capital spending, private sector investments encouraged by Finance Minister. Private sector capex increasing in services and emerging areas, but manufacturing sector still lagging. Signs of recovery seen. Central government's increased capital expenditure leading to GDP growth and rise in investments.
The Baiyappanahalli-Hosur railway doubling project in Karnataka and Tamil Nadu is making progress, with 14 km of the 48-km line already operational. The project aims to strengthen the existing rail corridor and provide more flexibility in train operations for passengers. The Anekal Road-Maranayakanahalli section is nearing completion, with major civil works finished.
FLY91, a regional airline in Goa, has made a $1 billion order for 40 ATR 72-600 aircraft, making it the largest ATR order by a regional airline globally. This will greatly increase their fleet and allow for more growth in their Indian network. They currently have six ATR 72-600 aircraft and plan to have over 60 in the future.
India's auto industry is experiencing remarkable progress thanks to government initiatives like the PLI scheme, which has brought in Rs 45,477 crore in investments and generated 67,000 jobs. The focus is now on expanding, promoting local manufacturing, and fostering innovation to make India a leading global destination for advanced and eco-friendly mobility solutions.
Maharashtra Chief Minister Devendra Fadnavis flagged off the first journey of a new daily rail connection between Mumbai and South Konkan, attended by Union Ministers Piyush Goyal and Ashwini Vaishnaw. The service is expected to benefit traders and tourists and ease pressure on other trains to Konkan.
The Karnataka government’s investment push got a boost this week as the High-Level Clearance Committee, led by CM DK Shivakumar, cleared nine new projects and eight additional investment proposals totalling Rs 29,679 crore. The package is expected to generate about 66,360 jobs across Karnataka, underscoring the focus on turning investment into manufacturing momentum and employment opportunities.
Jefferies has identified four small and mid-cap healthcare stocks with strong earnings potential: Emcure Pharma, Fortis Healthcare, Dr Agarwal’s Healthcare, and Gland Pharma. These stocks are expected to deliver 16-23% EBITDA growth in FY27, with potential catalysts such as earnings upgrades and export growth.
Goa is set to explore a larger role for its waterways in public transport, with a proposed 111-km inland water network across nine routes moving ahead.The latest development comes after Kochi Metro Rail Limited (KMRL) completed the feasibility study and began preparing the Detailed Project Report (DPR) for the project
The Bengaluru suburban rail network, a joint venture between the Karnataka government and Ministry of Railways, has signed an MoU with ICF for the production of 51 coaches. This project aims to improve connectivity between the city and its outskirts, providing an alternative to road travel. ICF will handle the design, testing, and commissioning, while four corridors are planned to ease travel.
India's space journey started in 1962 and has evolved into a comprehensive program covering various aspects such as rockets, satellites, navigation, remote sensing, and more. A recent report notes India's efficient engineering and predicts further advancements in human spaceflight, deep exploration, heavy-lift launches, and private sector involvement.
SWR announces special express train services between Hubballi and Chikkamagaluru to meet festive season demand and strengthen rail connectivity between North Karnataka and the Malnad region. The special train will operate on Saturdays and Sundays from September 5 to October 31, providing more travel options and reducing passenger rush.
SCR extends weekly special trains on the Hyderabad-Mangaluru route till November to handle extra rush. Passengers can now avail another weekly travel option during peak demand. The special trains will cover important stations in Telangana, Karnataka, Tamil Nadu, and Kerala. SCR has also revised timings for Mangaluru-Hyderabad Express. The service is now scheduled to reach Hyderabad at 4 am.
Daryl Pereira of Google Cloud stresses the significance of a well-designed harness in defending against cyberattacks, rather than relying solely on advanced AI models. He highlights the need for strong governance, trust, and specialized models. While India has a strong digital foundation, it must address the shortage of AI security talent.
India's PC market is growing, with a 12.1% year-on-year increase in shipments in Q2 2026. The consumer segment grew 6.6%, while commercial shipments grew 16.6%, and AI-capable PCs jumped 109.9%. Premium PC sales also rose, with a 78.7% increase in notebooks priced above $1,000. AI is increasingly becoming a part of the upgrade proposition.
India's wind sector is expanding quickly, with a 43-GW project pipeline and a goal of 100 GW by 2030. Manufacturing capacity has doubled to 24 GW annually, prioritizing domestic value addition and exports. The government aims to surpass Germany's 77 GW by 2030 and create an industrial ecosystem that generates jobs, increases exports, and decreases reliance on fossil fuels.
The adoption of AI in India's IT services industry could result in a reshuffle of the hierarchy, with mid-tier companies like Persistent Systems, Coforge, and Mphasis potentially gaining an advantage. However, experts warn that smaller firms may struggle to survive as AI takes over more tasks. This shift could lead to 20-25% of players being unable to adapt.
Finance Minister Nirmala Sitharaman met with IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga at the G20 meeting in Asheville. They discussed India's growth, global economic outlook, and development priorities. Georgieva praised India's strong economic performance and noted the need to accurately reflect India's structural transformation in assessments.