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Star Cement North East Limited is declared the 'Preferred Bidder' for the Parewar (SN-IV) limestone block in Rajasthan, spanning 960 hectares with 271.38 million tonnes of limestone resource. The Government of Rajasthan conducted an e-auction and the mining lease will enhance Star Cement's raw material security once necessary approvals are finalized.

Ashoka Buildcon Ltd received a ₹499.95 Crore contract from North Western Railway, Jaipur, to upgrade the electric traction system with a 2X25 kV network, replacing the existing 1X25 kV network and increasing train speeds to 60 kmph. The project will take 24 months to complete, boosting the company's project execution after a slowdown reported in the Q1 June 2025 results.

India's economy is set to expand at 6.3%, slightly below RBI's forecast of 6.5%, according to SBI Research. The report estimates 6.8-7% growth in the first quarter and 6.3-6.8% growth for 2025-26, driven by strong macroeconomic fundamentals, but warns of muted private capex and potential US tariffs affecting export-oriented sectors.

The weighted average call rate climbed 5 basis points to 5.52%, above the benchmark policy rate, due to GST outflows and excess funds in a VRRR auction maturing. The RBI held a ₹50,000 crore overnight VRR auction, accepting ₹31,025 crore of bids at 5.51%. The TREPS rate traded at 5.55%, 15 basis points above the previous day.

Meta will spend over $10 billion on Google cloud services over six years, mainly for artificial intelligence infrastructure. This deal advances Google's efforts to compete with larger cloud rivals Amazon Web Services and Microsoft Azure. Meta, which operates own data centers, is investing heavily in AI, with expected total expenses of $114 billion to $118 billion in 2025.

Federal Reserve Chair Jerome Powell signaled a potential interest rate cut in September, citing rising labor market risks. This led to a 1.2% rise in the S&P 500, and a 6 basis point drop in 10-year Treasury yields to 4.27%. Powell emphasized caution, but opened the door to policy easing, boosting bets on rate cuts and weakening the dollar.

Suneetha Reddy offloaded 1.3% stake in Apollo Hospitals Enterprise for Rs 1,489.3 crore via open market transaction. The stock remained flat at Rs 7,922.5 on the NSE. Several domestic and foreign institutional investors bought the shares, while Morgan Stanley, Goldman Sachs, and others were among the buyers.

OpenAI, led by Sam Altman, alleged in a court filing that Elon Musk tried to rope in Mark Zuckerberg to finance a $97.4 billion bid to acquire OpenAI. However, Zuckerberg declined. The company seeks documents from Meta about its interactions with Musk and other bidders, which Meta opposed, calling them irrelevant to the action.

Prime Minister Narendra Modi initially presented the Modi government's plan for "next-generation GST reforms" in his Independence Day 2025 speech, and it is now starting to take shape.After lengthy discussion, the Group of Ministers (GoM) on GST rate rejig eventually approved a significant overhaul of the tax structure on Thursday, paving the way for a more straightforward two-slab system.

Mumbai insurance companies are cautious in adopting new investment instruments like equity derivatives and bond forwards, due to regulatory requirements and risk management complexities. Equity derivatives, despite regulatory approval, have seen no notable activity. Bond forward rate agreements have seen some small deals, mainly for hedging purposes.

Vervesemi Microelectronics, a fabless SC player under the government's Design Linked Incentive Scheme, shared its roadmap for Made-in-India ICs on August 22. The company aims to accelerate India's semiconductor self-reliance with its upcoming portfolio, including ASICs for small motor applications, precision motor-control for EVs, and industrial automation, with sampling expected in 2026.

Nvidia is in talks with the U.S. government about shipping the B30A chip to China, a more advanced AI chip than previously allowed H20. U.S. government dialogue is necessary, as they have concerns about advanced chips being used in Chinese military applications. Nvidia hopes to sell more advanced chips in China but faces ongoing restrictions.

Abhinandan Lodha's House of Abhinandan Lodha (HoABL) aims to revive India's land investment class by offering clean titles, app-based convenience and a hassle-free ecosystem. The company has achieved rapid growth, with 70-90% of its land inventory selling out within weeks. HoABL is expanding into vertical housing, hospitality, education and private equity.

FBI agents raided John Bolton's Maryland home in a "national security investigation" for classified records. The investigation, which began under the Biden administration, targets instances of classified documents leaked to the media. A judge signed a search warrant, and an FBI official assures there's no public safety threat.

Star Cement North East Limited is declared the 'Preferred Bidder' for the Parewar (SN-IV) limestone block in Rajasthan, spanning 960 hectares with 271.38 million tonnes of limestone resource. The Government of Rajasthan conducted an e-auction and the mining lease will enhance Star Cement's raw material security once necessary approvals are finalized.

Ashoka Buildcon Ltd received a ₹499.95 Crore contract from North Western Railway, Jaipur, to upgrade the electric traction system with a 2X25 kV network, replacing the existing 1X25 kV network and increasing train speeds to 60 kmph. The project will take 24 months to complete, boosting the company's project execution after a slowdown reported in the Q1 June 2025 results.

India's economy is set to expand at 6.3%, slightly below RBI's forecast of 6.5%, according to SBI Research. The report estimates 6.8-7% growth in the first quarter and 6.3-6.8% growth for 2025-26, driven by strong macroeconomic fundamentals, but warns of muted private capex and potential US tariffs affecting export-oriented sectors.

The weighted average call rate climbed 5 basis points to 5.52%, above the benchmark policy rate, due to GST outflows and excess funds in a VRRR auction maturing. The RBI held a ₹50,000 crore overnight VRR auction, accepting ₹31,025 crore of bids at 5.51%. The TREPS rate traded at 5.55%, 15 basis points above the previous day.

Meta will spend over $10 billion on Google cloud services over six years, mainly for artificial intelligence infrastructure. This deal advances Google's efforts to compete with larger cloud rivals Amazon Web Services and Microsoft Azure. Meta, which operates own data centers, is investing heavily in AI, with expected total expenses of $114 billion to $118 billion in 2025.

Federal Reserve Chair Jerome Powell signaled a potential interest rate cut in September, citing rising labor market risks. This led to a 1.2% rise in the S&P 500, and a 6 basis point drop in 10-year Treasury yields to 4.27%. Powell emphasized caution, but opened the door to policy easing, boosting bets on rate cuts and weakening the dollar.

Suneetha Reddy offloaded 1.3% stake in Apollo Hospitals Enterprise for Rs 1,489.3 crore via open market transaction. The stock remained flat at Rs 7,922.5 on the NSE. Several domestic and foreign institutional investors bought the shares, while Morgan Stanley, Goldman Sachs, and others were among the buyers.

OpenAI, led by Sam Altman, alleged in a court filing that Elon Musk tried to rope in Mark Zuckerberg to finance a $97.4 billion bid to acquire OpenAI. However, Zuckerberg declined. The company seeks documents from Meta about its interactions with Musk and other bidders, which Meta opposed, calling them irrelevant to the action.

Prime Minister Narendra Modi initially presented the Modi government's plan for "next-generation GST reforms" in his Independence Day 2025 speech, and it is now starting to take shape.After lengthy discussion, the Group of Ministers (GoM) on GST rate rejig eventually approved a significant overhaul of the tax structure on Thursday, paving the way for a more straightforward two-slab system.

Mumbai insurance companies are cautious in adopting new investment instruments like equity derivatives and bond forwards, due to regulatory requirements and risk management complexities. Equity derivatives, despite regulatory approval, have seen no notable activity. Bond forward rate agreements have seen some small deals, mainly for hedging purposes.

Vervesemi Microelectronics, a fabless SC player under the government's Design Linked Incentive Scheme, shared its roadmap for Made-in-India ICs on August 22. The company aims to accelerate India's semiconductor self-reliance with its upcoming portfolio, including ASICs for small motor applications, precision motor-control for EVs, and industrial automation, with sampling expected in 2026.

Nvidia is in talks with the U.S. government about shipping the B30A chip to China, a more advanced AI chip than previously allowed H20. U.S. government dialogue is necessary, as they have concerns about advanced chips being used in Chinese military applications. Nvidia hopes to sell more advanced chips in China but faces ongoing restrictions.

Abhinandan Lodha's House of Abhinandan Lodha (HoABL) aims to revive India's land investment class by offering clean titles, app-based convenience and a hassle-free ecosystem. The company has achieved rapid growth, with 70-90% of its land inventory selling out within weeks. HoABL is expanding into vertical housing, hospitality, education and private equity.

FBI agents raided John Bolton's Maryland home in a "national security investigation" for classified records. The investigation, which began under the Biden administration, targets instances of classified documents leaked to the media. A judge signed a search warrant, and an FBI official assures there's no public safety threat.

Sakhiya Skin Clinic has filed preliminary papers for an Initial Public Offering (IPO) on BSE SME, seeking to raise funds for expansion, debt repayment, technology upgrade, and investments. The IPO will issue up to 61.72 lakh shares, with proceeds valued at Rs 55.47 crore. The company reported Rs 52.87 crore revenue in FY25.

SEBI proposes changes to India's block deal framework, including increasing minimum order size to 250 million rupees from 100 million rupees and widening the price band for non-derivatives stocks to 3% from 1% on either side of the stock's reference price. Two separate trading windows, morning and afternoon, will remain.

Key brokerages have turned positive on 7 stocks with potential for significant upside. HDB Financial: ₹860-₹995, 9%-26% upside. Dixon Tech: 'Buy' with ₹22,300 target. Swiggy: 'Buy' with ₹515 target, 30% upside. Eternal: 'Buy' with ₹400 target, 26% upside. Sunteck Realty: 'Buy' with ₹561 target, 43% upside. NTPC: 'Outperform' with ₹459 target, 37% upside. IOC: 'Buy' with ₹193 target, 38% upside.

Sensex fell 0.74% and Nifty 50 dropped 0.76% amid profit booking and mixed global cues ahead of Jerome Powell's speech. Key factors pressuring domestic equities include muted India Inc. performance, heavy selling by overseas investors, and US tariffs on Indian goods, but steady inflows helped the index recover. Nifty 50 remains 5.5% away from its ATH of 26,277.35 hit in September last year.

SEBI promoted 3 chief general managers to executive directors. Avneesh Pandey will handle the Information Technology Department with over three decades of experience in IT initiatives and cyber security. Chandrakant Purao and Amit Pradhan will lead the Corporation Finance Investigation Department and Legal Affairs Department respectively, utilizing their extensive experience in regulatory affairs.

Sebi issued an advisory cautioning investors about fraudulent schemes on social media claiming to offer stock market access through FPIs or FIIs. Sebi warned against 5 claims: institutional trading, discounted IPOs, guaranteed IPO allotments, Anchor book participation, and block trades at discounted prices. Investors should verify entity registration and use authentic trading apps.

Girish Kousgi will replace Monu Ratra as CEO of IIFL Home Finance on October 7, following Ratra's resignation on August 14. IIFL Home Finance has a loan book of over Rs 40,000 crore, is the largest affordable housing company, and operates 374 branches across 20 states. Kousgi, previously with PNB Housing, is expected to list IIFL Home Finance upon his tenure.

Global sugar prices are near multi-week highs due to strong import demand from Asia and the Middle East. Brazil's large crop and India's potential ethanol diversion policies will influence supply. Pakistan, Bangladesh, and Azerbaijan have tendered large sugar import quantities, tightening London white sugar market supplies. India's exports are crucial.

Repco Home Finance Limited announced its shareholders approved a ₹2,500 crore fundraising plan through non-convertible debentures (NCDs) and commercial papers (CPs) on private placement. The plan includes ₹1,500 crore NCDs and ₹1,000 crore CPs. The Chennai-based company is registered as an HFC with the National Housing Bank.

Jerome Powell left the door open for a possible interest-rate cut at the September 16-17 Fed meeting, citing a shifting balance of risks. He noted downside risks to employment are rising and in the near term, risks to inflation are tilted to the upside. The Fed adopted a new framework, removing the 2% inflation target and focusing on maximum employment.

DIIs turned net sellers for the first time since July 4, offloading Indian equities worth Rs 329 crore, while Foreign investors also stood as net sellers, selling shares worth Rs 1,623 crore on Friday. The BSE Sensex tumbled 694 points, or 0.85%, and the NSE Nifty 50 dropped around 214 points (0.85%), amidst global market uncertainty and Fed Chair Jerome Powell's Jackson Hole speech.

SEBI's chairperson Tuhin Kanta Pandey announced plans to propose additional incentives for mutual fund distributors and fund houses to enroll first-time women investors and those outside India's top 30 cities. Women investors account for 33% of individual AUM. SEBI is also open to adjusting rules for small-ticket investment products to promote financial inclusion.

Federal Reserve Chair Jerome Powell suggested the central bank might lower a key interest rate in the coming months due to risks of unemployment and stubborn inflation, but gave no hint on timing. Powell proceeded cautiously, citing stable unemployment and labor market measures. He considered adjusting policy stance to balance risks, suggesting a possible rate cut at the September 16-17 meeting.

Star Cement North East Limited is declared the 'Preferred Bidder' for the Parewar (SN-IV) limestone block in Rajasthan, spanning 960 hectares with 271.38 million tonnes of limestone resource. The Government of Rajasthan conducted an e-auction and the mining lease will enhance Star Cement's raw material security once necessary approvals are finalized.

Ashoka Buildcon Ltd received a ₹499.95 Crore contract from North Western Railway, Jaipur, to upgrade the electric traction system with a 2X25 kV network, replacing the existing 1X25 kV network and increasing train speeds to 60 kmph. The project will take 24 months to complete, boosting the company's project execution after a slowdown reported in the Q1 June 2025 results.

India's economy is set to expand at 6.3%, slightly below RBI's forecast of 6.5%, according to SBI Research. The report estimates 6.8-7% growth in the first quarter and 6.3-6.8% growth for 2025-26, driven by strong macroeconomic fundamentals, but warns of muted private capex and potential US tariffs affecting export-oriented sectors.

The weighted average call rate climbed 5 basis points to 5.52%, above the benchmark policy rate, due to GST outflows and excess funds in a VRRR auction maturing. The RBI held a ₹50,000 crore overnight VRR auction, accepting ₹31,025 crore of bids at 5.51%. The TREPS rate traded at 5.55%, 15 basis points above the previous day.

Meta will spend over $10 billion on Google cloud services over six years, mainly for artificial intelligence infrastructure. This deal advances Google's efforts to compete with larger cloud rivals Amazon Web Services and Microsoft Azure. Meta, which operates own data centers, is investing heavily in AI, with expected total expenses of $114 billion to $118 billion in 2025.

Federal Reserve Chair Jerome Powell signaled a potential interest rate cut in September, citing rising labor market risks. This led to a 1.2% rise in the S&P 500, and a 6 basis point drop in 10-year Treasury yields to 4.27%. Powell emphasized caution, but opened the door to policy easing, boosting bets on rate cuts and weakening the dollar.

Suneetha Reddy offloaded 1.3% stake in Apollo Hospitals Enterprise for Rs 1,489.3 crore via open market transaction. The stock remained flat at Rs 7,922.5 on the NSE. Several domestic and foreign institutional investors bought the shares, while Morgan Stanley, Goldman Sachs, and others were among the buyers.

OpenAI, led by Sam Altman, alleged in a court filing that Elon Musk tried to rope in Mark Zuckerberg to finance a $97.4 billion bid to acquire OpenAI. However, Zuckerberg declined. The company seeks documents from Meta about its interactions with Musk and other bidders, which Meta opposed, calling them irrelevant to the action.

Prime Minister Narendra Modi initially presented the Modi government's plan for "next-generation GST reforms" in his Independence Day 2025 speech, and it is now starting to take shape.After lengthy discussion, the Group of Ministers (GoM) on GST rate rejig eventually approved a significant overhaul of the tax structure on Thursday, paving the way for a more straightforward two-slab system.

Mumbai insurance companies are cautious in adopting new investment instruments like equity derivatives and bond forwards, due to regulatory requirements and risk management complexities. Equity derivatives, despite regulatory approval, have seen no notable activity. Bond forward rate agreements have seen some small deals, mainly for hedging purposes.

Vervesemi Microelectronics, a fabless SC player under the government's Design Linked Incentive Scheme, shared its roadmap for Made-in-India ICs on August 22. The company aims to accelerate India's semiconductor self-reliance with its upcoming portfolio, including ASICs for small motor applications, precision motor-control for EVs, and industrial automation, with sampling expected in 2026.

Nvidia is in talks with the U.S. government about shipping the B30A chip to China, a more advanced AI chip than previously allowed H20. U.S. government dialogue is necessary, as they have concerns about advanced chips being used in Chinese military applications. Nvidia hopes to sell more advanced chips in China but faces ongoing restrictions.

Abhinandan Lodha's House of Abhinandan Lodha (HoABL) aims to revive India's land investment class by offering clean titles, app-based convenience and a hassle-free ecosystem. The company has achieved rapid growth, with 70-90% of its land inventory selling out within weeks. HoABL is expanding into vertical housing, hospitality, education and private equity.

FBI agents raided John Bolton's Maryland home in a "national security investigation" for classified records. The investigation, which began under the Biden administration, targets instances of classified documents leaked to the media. A judge signed a search warrant, and an FBI official assures there's no public safety threat.

Sakhiya Skin Clinic has filed preliminary papers for an Initial Public Offering (IPO) on BSE SME, seeking to raise funds for expansion, debt repayment, technology upgrade, and investments. The IPO will issue up to 61.72 lakh shares, with proceeds valued at Rs 55.47 crore. The company reported Rs 52.87 crore revenue in FY25.

SEBI proposes changes to India's block deal framework, including increasing minimum order size to 250 million rupees from 100 million rupees and widening the price band for non-derivatives stocks to 3% from 1% on either side of the stock's reference price. Two separate trading windows, morning and afternoon, will remain.

Key brokerages have turned positive on 7 stocks with potential for significant upside. HDB Financial: ₹860-₹995, 9%-26% upside. Dixon Tech: 'Buy' with ₹22,300 target. Swiggy: 'Buy' with ₹515 target, 30% upside. Eternal: 'Buy' with ₹400 target, 26% upside. Sunteck Realty: 'Buy' with ₹561 target, 43% upside. NTPC: 'Outperform' with ₹459 target, 37% upside. IOC: 'Buy' with ₹193 target, 38% upside.

Sensex fell 0.74% and Nifty 50 dropped 0.76% amid profit booking and mixed global cues ahead of Jerome Powell's speech. Key factors pressuring domestic equities include muted India Inc. performance, heavy selling by overseas investors, and US tariffs on Indian goods, but steady inflows helped the index recover. Nifty 50 remains 5.5% away from its ATH of 26,277.35 hit in September last year.

SEBI promoted 3 chief general managers to executive directors. Avneesh Pandey will handle the Information Technology Department with over three decades of experience in IT initiatives and cyber security. Chandrakant Purao and Amit Pradhan will lead the Corporation Finance Investigation Department and Legal Affairs Department respectively, utilizing their extensive experience in regulatory affairs.

Sebi issued an advisory cautioning investors about fraudulent schemes on social media claiming to offer stock market access through FPIs or FIIs. Sebi warned against 5 claims: institutional trading, discounted IPOs, guaranteed IPO allotments, Anchor book participation, and block trades at discounted prices. Investors should verify entity registration and use authentic trading apps.

Girish Kousgi will replace Monu Ratra as CEO of IIFL Home Finance on October 7, following Ratra's resignation on August 14. IIFL Home Finance has a loan book of over Rs 40,000 crore, is the largest affordable housing company, and operates 374 branches across 20 states. Kousgi, previously with PNB Housing, is expected to list IIFL Home Finance upon his tenure.

Global sugar prices are near multi-week highs due to strong import demand from Asia and the Middle East. Brazil's large crop and India's potential ethanol diversion policies will influence supply. Pakistan, Bangladesh, and Azerbaijan have tendered large sugar import quantities, tightening London white sugar market supplies. India's exports are crucial.

Repco Home Finance Limited announced its shareholders approved a ₹2,500 crore fundraising plan through non-convertible debentures (NCDs) and commercial papers (CPs) on private placement. The plan includes ₹1,500 crore NCDs and ₹1,000 crore CPs. The Chennai-based company is registered as an HFC with the National Housing Bank.

Jerome Powell left the door open for a possible interest-rate cut at the September 16-17 Fed meeting, citing a shifting balance of risks. He noted downside risks to employment are rising and in the near term, risks to inflation are tilted to the upside. The Fed adopted a new framework, removing the 2% inflation target and focusing on maximum employment.

DIIs turned net sellers for the first time since July 4, offloading Indian equities worth Rs 329 crore, while Foreign investors also stood as net sellers, selling shares worth Rs 1,623 crore on Friday. The BSE Sensex tumbled 694 points, or 0.85%, and the NSE Nifty 50 dropped around 214 points (0.85%), amidst global market uncertainty and Fed Chair Jerome Powell's Jackson Hole speech.

SEBI's chairperson Tuhin Kanta Pandey announced plans to propose additional incentives for mutual fund distributors and fund houses to enroll first-time women investors and those outside India's top 30 cities. Women investors account for 33% of individual AUM. SEBI is also open to adjusting rules for small-ticket investment products to promote financial inclusion.

Federal Reserve Chair Jerome Powell suggested the central bank might lower a key interest rate in the coming months due to risks of unemployment and stubborn inflation, but gave no hint on timing. Powell proceeded cautiously, citing stable unemployment and labor market measures. He considered adjusting policy stance to balance risks, suggesting a possible rate cut at the September 16-17 meeting.