Announcements

KIOCL

KIOCL Limited has informed the Exchange regarding 'resumption of pellet prodction at Pellet Plant unit of the Company situated at Mangalore'.

Hero MotoCorp to invest Rs 550 crore into Ather Energy

This comes at a time when the EV maker was looking to close a pre-IPO funding round before its IPO listing plans. Industry sources said that the company is mulling an IPO BY 2024

EV two-wheeler sales improve in August, TVS Motors market share grows to 25%

Ola Electric continues to lead the EV two-wheeler market with around 29.3 percent market share followed by TVS Motors and Ather Energy

Live: Strong Sept start sustainable? | Opposition bloc MPs meet | Pragyan put to sleep | Newspresso

In this brand new edition of Newspresso, these are the stories that you can look forward to; global markets are seeing a strong start as the September session kicks off. Will markets be able to sustain this momentum? Now, onto India where the Opposition bloc will meet today ahead of Parliament's special session to discuss strategies. And from the Trends sector, India's Pragyan Rover has now been put to sleep! ISRO said the rover completed all its assignments. For more latest news updates from across the globe watch this edition of Newspresso with Moneycontrol’s Stacy Pereira.

Live: Worst Aug for Nasdaq | Spl Parliament session | Jawan trailer out | Newspresso

Catch Stacy Pereira on this brand new episode of Newspresso to know more!

Live: Nifty set for choppy ride on F&O expiry day? Sula, Natco in focus | Aeroflex lists today

Indian equity benchmarks shaved off all the intra-day gains amid late-hour profit booking. Both the Nifty and Sensex ended flat with a positive bias ahead of expiry of August month futures & options contracts. The Nifty failed to hold the crucial 19,400-19,500 hurdle and has taken a support at 19,300, hence in the coming sessions, the index is expected to face resistance at similar range, with support at 19,300-19,200 levels, experts said. The BSE Sensex rose 11 points to 65,087, while the Nifty50 gained 5 points at 19,348. We continued to see strong interest in the broader markets on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 1 percent respectively, while the India VIX, the fear index, dropped below 12 levels, down by 3.47 percent to 11.80 levels. This morning the global cues are mixed with Wall Street clocking a 4-day winning streak amid rate pause bets. However, Asia is trading mixed with the GIFT Nifty hinting at a muted start for the Nifty. All eyes will be on the Q1 GDP data due later today. Lots of stocks in focus including Sula Vineyard, Natco Pharma, Zomato and Spandana Sphoorty. Ashish Kacholia-backed Aeroflex Industries is set to make its debut on the bourses today. Catch Nandita Khemka in conversation with Siddarth Bhamre - EVP, Head of Research, Religare Broking and Shrikant Chouhan, Head of Equity Research – Retail, Kotak Securities.

Live: Positive global market cues | LPG cylinder prices cut | Asia cup kicks-off | Newspresso

Turnaround in the August slump for markets across the globe; Tech stocks push Nasdaq higher; Eye on US Q2 GDP estimate. Meanwhile relief for Former Pakistan Prime Minister Imran Khan as his conviction in the Toshakhana case stands suspended; PM's Rakshabandhan gift with a Rs 200 cut on LPG cylinders; Pakistan and Sri Lanka are all geared up to host the 2023 edition of the Asia Cup. Watch Stacy Pereira help you catch up on your daily dose of news on Newspresso

Live: Nifty at 19,300, more upside? | Tiger Global exits Zomato stake| Union Bank on QIP fund raise

Indian equity benchmarks saw a nice rebound amid consolidation, after a two-day correction. However, experts are not convinced about the bounceback and expect markets to remain rangebound, unless the Nifty50 breaches 19,400 levels. 19,200-19,300 is expected to be a support area in the near term. The broader markets fared better than benchmarks as the market breadth remained positive. The Nifty Midcap 100 and Smallcap 100 indices gained half a percent and seven-tenth of a percent respectively, while the volatility index jumped to a three-month high. This morning the global cues are positive with Wall Street clocking in modest gains in overnight session and Asian market upbeat in early trade. The GIFT Nifty, too, signals a higher start for the Indian markets. Lots of stocks in focus including Zomato, Sun Pharma, HFCL and Bayer CropScience. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice president- Research (Derivatives And Technicals), TradeBulls Securities. Also catch Ram Subramanian, Executive Director, Union Bank of India as he explains the rationale behind the bank’s Rs 5,000 crore fund raise via QIP, first on Moneycontrol!

Live: RIL 46TH AGM Takeaways | Russian President Vladimir Putin To Skip G20 | Newspresso

Mukesh Ambani will remain as Chairman for the next five years - this is among the slew of big announcements from the Reliance Annual General Meeting yesterday; Russian President Vladimir Putin will not participate in the G20 Summit being held in New Delhi on September 9 and 10; FIFA'S Disciplinary Committee has suspended Spanish Chief Luis Rubiales for 90 days after that controversial kiss at the Women's World Cup finals. Watch Stacy Pereira live on Newspresso.

India is in the midst of a once-in-a lifetime energy transition journey: Sumant Sinha of ReNew

In an exclusive interview to Moneycontrol, ReNew founder, chairperson and CEO Sumant Sinha said India will need to double its entire electricity system to cater to the large population and the growing economy. As power demand is projected to hit 350 GW by the end of this decade, Sinha said a lot of new generation capacity, grid balancing to accommodate renewable energy, storage, pumped hydro, transmission buildup, will have to come into play. If that doesn't happen, the growth of the Indian economy will get held back, he said.

Reliance AGM 2023: Jio True5G Lab to help enterprises build and test industry-specific 5G solutions

The Jio True5G Lab will act as the "nerve centre for shaping India’s 5G future", Reliance Jio Chairman Akash Ambani said during the company's 46th annual general meeting (AGM)

Reliance Retail will be our fastest growing business in revenues and EBITDA: RIL Chairman

Reliance Retail is the only Indian retailer in the global Top 100, and one of the fastest growing retailers in the world said Mukesh Ambani.

Global Surfaces Limited

Notice convening the 32nd Annual General Meeting to be held on September 20, 2023

Commodities Live: Exports halted for basmati rice priced less than $1200/ton | Global rice prices soar

Price of rice surged to a 12-year high globally after the Indian government imposed restrictions on sale of all non-basmati varieties overseas which accounted for 80 percent of total rice shipments. India holds a 40% market share of rice exports. The move hopes to bolster domestic food stocks. Manisha Gupta discusses the impact of govts move with Himanshu Agrawal, MD, Satyam Balajee Group.

Live: Nifty at 2-month low; More weakness ahead? RIL AGM today | Fed’s Jackson hole speech takeaways

Indian equity benchmarks clocked a fifth consecutive week of losses, with both the Nifty and Sensex ending at a two-month low on Friday. The market after negative opening remained volatile throughout session and closed six-tenth of a percent lower, continuing downtrend for second consecutive sessions. The Nifty has managed to take support at around 19,230-19,250 area on closing basis, which also coincides with previous month's low. The BSE Sensex declined 366 points to 64,887, while the Nifty50 fell 121 points to 19,266. Experts say that if the index decisively falls below 19,240, it could potentially lead the Nifty towards the 19,000 mark . This week there will be a lot of data points to digest including the Q1 GDP figures, US Q2 GDP among others. Meanwhile, markets will react to US Fed chair Jerome Powell’s Jackson Hole speech where he reiterated that the fight against inflation still has a long way to go and has left the door open for further rate hikes. However, he added that the central bank will tread ‘carefully’ on further rate increases. Meanwhile, all eyes will on RIL’s 46th AGM where the company is expected to announce plans for value unlocking in the telecom and retail divisions of RIL. After the listing of Jio Financial, analysts and investors expect the conglomerate to provide some colour on the areas it wishes to venture into as a non-banking financial company. Catch Nandita Khemka in conversation with Mark Matthews, Bank Julius Baer and Rajesh Palviya, Axis Securities

B20 India Summit| Global executives discuss customized ESG solutions for emerging economies

Global executives across countries and international bodies recognize the need of ESG reporting as the need of the hour to help accountability and transparency.

Live: Nifty set for 5th straight weekly loss? Paytm in focus| Time to invest in multi-asset funds?

Indian equity benchmarks are likely to stay in the range of 19,250-19,600 in coming sessions, as an attempt at a rally fizzled out due to strong bear attack. The index lost nearly 200 points from day's high and closed lower by 57 points at 19,387. Experts say a new leg of rally is possible only if the index successfully manages to close above the 19,500 mark in coming sessions. Overnight on Wall Street, stocks fell sharply after a tech rally, sparked by stronger-than-expected Nvidia results, was short-lived. All eyes will be on US fed chair Jerome Powell’s Jackson Hole speech that will provide further clues to the US central bank’s future rate trajectory. Asian markets are also drifting lower with the GIFT Nifty hinting at a start below the 19,300 mark. Stocks in focus will be Paytm, Coforge, Kaynes Tech among others. Also, should you invest in multi-asset funds to beat the market volatility and ensure inflation-beating returns? Catch Nandita Khemka in conversation with Deepak Ramaraju, Senior Fund Manager, Shriram Asset Management Company and Raja Venkatraman, Co-founder, Neotrader.

LIVE: Wagner Chief Prigozhin dead | QIA invests $1 billion in RRVL | Chandrayaan-3 on Moon | Newspresso

Here are the stories you can look forward to: The chief of the Wagner Russian mercenary group, Yevgeny Prigozhin, is believed to have been killed in a plane crash. Onto the buzz from deal street where The Qatar Investment Authority (QIA) is said to invest $1 billion or Rs 8,278 crore in Reliance Retail Ventures. Chandrayaan-3 successfully landed on the moon making India the first country ever to land on the south pole of the moon. But what’s next? Watch this edition of Newspresso with Moneycontrol’s Stacy Pereira.

TVS Motor invests Rs 250 crore in its newly launched EV TVS X, to focus on global market expansion

The new TVS X is priced at Rs 2.49 lakh and is available for bookings as of Thursday and deliveries across 15 cities will start from Nov 2023 in a phase-wise manner.

Tata Comm unveils cloud-based 5G Roaming Laboratory for MNOs

Through this initiative, Tata Communications is tapping into the possibilities of 5G to reshape the way MNOs enhance mobility experiences for their consumers and corporate clients

Cleartrip announces partnership with Axis Bank to offer benefits for 12.5 million users

Under the partnership, Axis Bank credit cardholders can access specially curated travel offers without having to wait to collect/redeem points to enjoy the benefits

Axis Bank’s Neelkanth Mishra appointed part-time chairperson of UIDAI

Known for his unique perspectives on economic policy and market strategy, Mishra has been an advisor to many government committees, and also been a member of the economic advisory council to the 15th finance commission.

Bengaluru: Ola Uber challenger Namma Yatri app to charge subscription fee from drivers

Auto Drivers will have two options: pay Rs 25 for unlimited trips per day, or Rs 3.50 per ride (no charges after 10 trips). The union says this is not a commission, but a subscription fee.

CM Gehlot directs officials to form panel on Kota student suicides

Expressing concern over the rising cases of student suicide in Kota, Rajasthan Chief Minister Ashok Gehlot on Friday directed officials to form a committee to provide suggestions on preventing them.