AXIS BANK: CO TO REDEEM USD 600 MILLION 4.10% ADDITIONAL TIER 1 NOTES ON SEPTEMBER 8

THE U.S. TREASURY HAS SANCTIONED NEARLY 60 IRAN-LINKED ENTITIES, PEOPLE AND VESSELS ACROSS NUCLEAR, MISSILE, CYBER AND OIL NETWORKS, AND SUSPENDED GENERAL LICENSES THAT ALLOWED SOME REMITTANCE PAYMENTS TO IRAN.

THE U.S. TREASURY SAYS IT IS TARGETING FIVE SECTORS FOR POTENTIAL SECONDARY SANCTIONS — DIGITAL ASSETS, TECHNOLOGY, GOLD, AVIATION AND SHIPPING - TREASURY STATEMENT

U.S. TREASURY SECRETARY BESSENT SAYS THAT UNDER TRUMP, 'WE ARE ENDING THE IRAN THREAT', GIVING IRAN 'TWO PATHS, NORMALCY OR TOTAL ISOLATION', AND THAT THE U.S. WILL BLOCK EVERY POTENTIAL REVENUE SOURCE FOR THE IRGC AND ENFORCE A 'ZERO LEAKAGE APPROACH' TO IRAN SANCTIONS.

U.S. TREASURY SECRETARY BESSENT SAYS TRUMP IS MAKING PHONE CALLS TO WORLD LEADERS TO CUT ECONOMIC TIES WITH IRAN.

U.S. TREASURY SECRETARY BESSENT SAYS IRAN HAS 'TWO PATHS, NORMALCY OR TOTAL ISOLATION', ADDING THAT THE U.S. WILL BLOCK EVERY POTENTIAL REVENUE SOURCE FOR THE IRGC AND ENFORCE A 'ZERO LEAKAGE APPROACH' TO IRAN SANCTIONS.

KOTAK MAHINDRA BANK: CO ALLOTS USD 650 MILLION 5.478% SENIOR NOTES DUE 2031

U.S. TREASURY SECRETARY BESSENT SAYS TRUMP IS MAKING PHONE CALLS TO WORLD LEADERS AND CALLING SPECIFIC NATIONS TO CEASE IRAN DEALINGS, ADDING THAT THE U.S. EXPECTS ACTION FROM OTHER NATIONS.

U.S. TREASURY SECRETARY BESSENT SAYS EVERY COUNTRY HAS A DEFINED, FINITE TIMELINE TO SHUT DOWN THE ACTIVITIES THE TREASURY HAS IDENTIFIED, INCLUDING CLOSING IRAN'S BANK BRANCHES ABROAD, AND THAT IF THEY DO NOT TAKE ACTION, THE U.S. WILL DO SO UNILATERALLY THROUGH TREASURY AUTHORITIES

U.S. TREASURY SECRETARY BESSENT SAYS THE NEW MEASURES BROADEN SECONDARY SANCTIONS RISKS AND WILL BLOCK DOLLAR ACCESS FOR THOSE LAUNDERING IRAN FUNDS, WARNING THAT ECONOMIC TIES WITH IRAN 'WILL TRIGGER THE FULL EXTENT OF AMERICAN POWER' AND TELLING 'THOSE WHO ENABLE IRAN, DON'T TEST OUR RESOLVE'.

U.S. TREASURY SECRETARY BESSENT SAYS 'NO ONE IS ABOVE THE REACH OF U.S. SANCTIONS' AND THAT U.S. EFFORTS 'WON'T END UNTIL THE IRANIAN REGIME STANDS ALONE'.

U.S. TREASURY SECRETARY BESSENT SAYS EVERY NATION SHOULD BE READY TO FACE U.S. SANCTIONS IF BACKING IRAN AND THAT NO ONE, INCLUDING CHINA, IS EXEMPT, WARNING THAT IF CHINA FACILITATES TRANSACTIONS IT IS TO BE TARGETED.

U.S. TREASURY SECRETARY BESSENT SAYS HE WON'T SET EXACT TIMELINES FOR REDUCING IRAN TIES AS 'PATIENCE ISN'T UNLIMITED', WARNING OF RAMIFICATIONS IF OTHER NATIONS DON'T RESPOND QUICKLY.

U.S. TREASURY SECRETARY BESSENT SAYS THE U.S. IS ALREADY SEEING SOME RESULTS ON THE IRAN PUSH — WITH THE UAE'S RECENT IRAN MOVES 'NOT A COINCIDENCE BUT CAUSAL' — AND THAT TRYING TO BUY IRAN'S APPEASEMENT 'WILL NO LONGER WORK', WARNING 'YOU WILL SEE A WAVE OF SANCTIONS AFTER THIS' AND THAT HE EXPECTS A MAJOR FINANCIAL INSTITUTION TO BE SANCTIONED THIS WEEK.

U.S. TREASURY SECRETARY BESSENT SAYS ON CANADA THAT TRUMP WOULD LIKE IT TO 'COME TO THE TABLE AND NEGOTIATE IN GOOD FAITH'.

U.S. TREASURY SECRETARY BESSENT SAYS ON THE IRAN INITIATIVE THAT 'A WARNING SHOT IS APPROPRIATE', HAVING GIVEN EVERYONE AN OPPORTUNITY TO REMEDY BAD BEHAVIOR, AND THAT NATIONS SHOULD BE SET TO LEAVE THE DOLLAR SYSTEM IF THERE IS NO COOPERATION.

U.S. TREASURY SECRETARY BESSENT SAYS ON THE BUYBACK PROGRAM THAT 'WE HAVEN'T BOUGHT A SINGLE BOND YET', WITH THE NEXT OPERATION ON SEPT. 9.

Oil & Gas Stocks-Ancillaries (+ve)

Union Minister Hardeep Puri reviews energy sector roadmap with MoPNG officials, PSU heads

-- Progress reviewed on ‘Samudra Manthan’ National Offshore Exploration Scheme

Alert: Cabinet cleared ₹84,084 crore outlay through FY 2030-31 to unlock India’s offshore energy potential

-- Year-wise roadmap being finalized for faster drilling, seismic surveys & rig deployment

-- KG, Mahanadi, Andaman & Cauvery basins to see accelerated exploration by ONGC, Oil India

-- ONGC-led JV to boost drillship capacity, address critical infrastructure bottlenecks

-- Duliajan Feeder Line & National Gas Grid link to unlock stranded Northeast gas reserves

-- Feedstock mapping & cooperative clusters to strengthen CBG aggregation and market access

CHINA DEVELOPS HYPERSONIC WEAPON TO HUNT US COMMAND AIRCRAFT THOUSANDS OF MILES AWAY

China has reportedly developed hypersonic glide vehicles (HGVs) capable of launching air-to-air weapons, potentially allowing the PLA to attack high-value aircraft far beyond the traditional fighter-combat zone.

KHARIF PADDY SOWING DECLINES 3 PER CENT TO 405.10 LAKH HECTARES DUE TO LOW RAINFALL IN KEY STATES

IPC PROPOSES RS 83,480 CRORE INVESTMENT FOR GREEN HYDROGEN AND DATA CENTRE PROJECT IN KARNATAKA

JP NADDA CHAIRS CEO ROUNDTABLE TO BOOST INVESTMENT IN CHEMICALS SECTOR AND ACHIEVE USD 1 TRILLION BY 2040

JEFFERIES ON INDIAN HOTELS — ACCUMULATE | TP ₹875

Jefferies sees continued simplification and a strong growth outlook for Indian Hotels.

All-stock deal values Oriental Hotels at a ~50% discount to Indian Hotels.

Deal is expected to be EPS accretive from year one.

Oriental Hotels adds non-LFL growth, with potential for further margin and revenue improvement.

Q2 operating trends remain strong; Jefferies sees FY27 RevPAR growth potentially staying in double digits.

Opening Cues-Narrow Range

Oil Holds Decline as US Tightens Iran Sanctions

Brent Crude Trades Above $92/Bbl

Gold Extends Rally-Rises For 5th Day

Dollar At 3-Month Lows

US Imposes 50% Tariffs On Canada

US Futures Steady Ahead Of Earnings

Nikkei Falls On Tech Losses

Asian Markets Open In Red

FII Shorts Unchanged At 90%

FII Turns Buyers In Cash Market After 2 Sessions

IT STOCKS: US PROPOSES $103,265 H-1B FEE

US DHS has proposed a $103,265 fee on H-1B cap-subject petitions.

TCS, Infosys, Wipro and Tech Mahindra in focus.

Higher visa costs could increase onsite hiring expenses and push IT firms towards more local hiring and offshore delivery.

⚠️ The proposal is not final and is subject to public comments and possible legal challenges.

Impact: Negative for Indian IT stocks.