Sources Say On HDFCBank CEO Reappointment

👉Process Of CEO Reappointment Will Happen Well Within Time

👉New CEO Will Take Over A Strong Bank, Address Alignment Issues

👉Leadership Will Ensure A Win-Win For All

👉Bank Is Systemically Sound, Outstanding Issues Settled

👉Has The Potential To Be In The Top 5-6 Banks Globally

👉NIM, CASA Impacted On Account Of The HDFC Merger, Some Restructuring Of Loans May Be Needed

🚨 MONDAY BIG EVENT: MSCI Rebalancing

This Monday (Aug 31), MSCI India's rebalancing kicks in.

Samir Arora (Helios Capital) called it the most interesting thing to watch this week.

$500-600 million worth of stock will be bought or sold — in a single day.

Total expected passive inflow: ~$2.3 billion.

Stocks likely to benefit: Groww, Adani Green Energy, Adani Energy Solutions.

This is pure mechanical buying/selling. Not driven by news. Could move these stocks a lot on Monday.

KOTAK SECURITIES ON HDFC BANK

Maintains Buy with target price of Rs 1,050. Preparing for the next leadership chapter

Merger with HDFC Ltd has strengthened the franchise, the key operating metrics remain below its best-in-class peers

Believe that next CEO to combine strong execution capabilities with credible roadmap to improve margins & profitability

Uncertainty around leadership transition is likely to keep valuation multiples below historical levels in the near term

TRUMP SAYS THAT WHEN HE ANNOUNCED HE WAS RUNNING IN THE 2024 PRESIDENTIAL ELECTION, FORD WAS GETTING READY TO CLOSE ITS BIG FACTORY IN DETROIT, BUT BECAUSE HE WAS LEADING IN THE POLLS THEY LEFT IT OPEN AND IT IS NOW RUNNING 24/7 AS 'ONE OF THE MOST PROFITABLE CAR PLANTS IN THE WORLD', SAYING HE HAS REVIVED AND SAVED THE AUTOMOBILE BUSINESS IN AMERICA BECAUSE OF WHAT HE HAS DONE WITH TARIFFS. - TRUTH SOCIAL

TRUMP SAYS 'ONE OF THE WORST ABUSERS IS CANADA', ADDING 'I DON'T WANT CANADIAN CARS, I DON'T WANT CANADIAN PARTS, I DON'T WANT CANADIAN ANYTHING' AND ACCUSING CANADA OF 'RIPPING US OFF FOR DECADES', WHICH HE SAYS IS GOING TO STOP. - TRUTH SOCIAL

TRUMP SAYS THIS SHOULD HAVE HAPPENED LONG AGO JUST AS STOPPING IRAN SHOULD HAVE, AND THAT CANADA 'WANTS TO BE TREATED LIKE A STATE, BUT THEY AREN'T ONE', SAYING HE FINDS CANADA TO BE THE WORST OF THE MANY COUNTRIES HE DEALS WITH AND THAT 'THEY ARE ENTITLED NO LONGER'. - TRUTH SOCIAL

FORMER SBI CHAIRMAN DINESH KHARA IN RUN FOR NEXT HDFC BK MD & CEO?

Sources To CNBC-TV18

Dinesh Khara Had Been Approached By HDFC Bk Even For Part-Time Chmn Position But Had Declined

HDFC Bank Bd Considering Dinesh Khara Former SBI Chairman As Bank's Next MD & CEO

HDFC Bank Also Looking At Other Current SBI MDs As Likely Candidates

SBI Executives Have Experience Of Leading A Large Bank Successfully

CORPORATE ACTIONS — 31 AUG 2026

TODAY — 31 AUG

Ganesh Housing — Dividend ₹1.50 | Record/Ex-Date: 31 Aug

Glenmark Pharmaceuticals — Dividend ₹2.50 | Record/Ex-Date: 31 Aug

Mastek — Dividend ₹16 | Record/Ex-Date: 31 Aug

Orbit Exports — Interim Dividend ₹0.50 | Record/Ex-Date: 31 Aug

UPCOMING

Garware Technical Fibres — Dividend ₹1 | Record/Ex-Date: 1 Sep

Oriental Rail Infrastructure — Dividend ₹0.10 | Record/Ex-Date: 1 Sep

Parmeshwar Metal — Final Dividend ₹1.25 | Record/Ex-Date: 4 Sep

GUJENERGY — Final Dividend ₹8.90 | Record/Ex-Date: 11 Sep

The Phosphate Company — Dividend ₹2 | Record/Ex-Date: 16 Sep

Gujarat Intrux — Final Dividend ₹17.50 | Record/Ex-Date: 18 Sep

Kaynes Tech in Focus – FIVE BIG CONCERNS Pointed By Investec

FY26 Annual Report: Several question marks, says Investec
1.Receivables for Iskraemeco ballooned, its payables to Kaynes Electronics Manufacturing also rose by a similar amount in FY26
This makes us question whether a potential divestment of Iskraemeco would resolve Kaynes’ cash flow issues

2-Smart meter business likely contributed 40% to Kaynes’ consol EBITDA
A potential divestment will likely impair Kaynes’ core EMS profitability materially

3-Sharp increase in consolidated receivables was despite bill discounting rising from Rs 110 cr to Rs 460 cr in FY26

4-Fixed asset turns also deteriorated, with steep rise in intangibles, which is likely to result in higher amortization charge going fwd

5-Incurred only Rs 900 cr capex in OSAT/Bare PCB
Extended corporate guarantees of more than Rs 1900 cr for them
Capitalised their employee/ interest expenses

Fixing Balance Sheet without impairing P&L is difficult

Kaynes Down 4% as Investec in its research report highlights Balance sheet concerns !

Today IPO Listing

Augmont Enterprises Limited to List at 961 on NSE + 21.95 %

Northern Arc gains over 7% after 13.7% of its equity changed hands across 6 block deals.

SANJAY PAREKH, SOHUM ASSET MANAGERS SAYS

Own HDFC Bank In Portfolio, Will Watch The Leadership Transition Closely

CD Ratio Is Not A Worry Anymore For HDFC Bank, CASA Has To Improve

Market Will Follow The RoA & RoE OF HDFC Bank

Sales Culture In HDFC Bank Was Phenomenal, Need The Service Culture To Improve

Have Added To Large Cap Pvt Banks, Increasing Weight In Bharti Airtel

HDFC Bank Board Yet To Draw Up A Shortlist Of Contenders For MD & CEO Post - CNBC-TV18

Process Of HDFC Bank CEO Appointment Will Happen Well Within Timeline

New CEO Will Take Over A Strong Bank, Address 'Alignment Issues'

New Leadership Will Ensure A 'Win-Win For All'

HDFC Bank Is Systemically Sound, Outstanding Issues Have Been Settled

NIM, CASA Impacted On Account Of HDFC Merger, Some Restructuring Of Loan Maybe Needed

VARUN BEVERAGES: INCORPORATES NEW SUBSIDIARY

• Varun Beverages has incorporated a new wholly-owned subsidiary, KIVA Spirits and Company Limited, in India.

• Incorporation follows the company board’s in-principle approval dated August 25, 2026.

• KIVA Spirits and Company Limited will operate as a 100% subsidiary of Varun Beverages.

IRAN SAYS U.S. AND PARTIES SUPPORTING ITS MILITARY ACTIONS BEAR FULL RESPONSIBILITY FOR CONSEQUENCES OF ESCALATION - FOREIGN MINISTRY

IRAN'S REVOLUTIONARY GUARDS SAY SUPERTANKER CAUGHT FIRE, WAS HALTED AFTER BEING STRUCK BY TWO NAVAL MINES IN STRAIT OF HORMUZ - STATE TV

IRAN'S REVOLUTIONARY GUARDS SAY SHIPS MUST COMPLY WITH ITS RULES FOR PASSAGE THROUGH STRAIT OF HORMUZ

IRAN SAYS ITS ARMED FORCES STRUCK U.S. MILITARY BASES IN JORDAN IN RESPONSE TO U.S. ATTACK ON LARAK ISLAND - FOREIGN MINISTRY STATEMENT

IRAN SAYS IT WILL RESPOND DECISIVELY TO ANY FURTHER 'ENEMY' MILITARY AGGRESSION - FOREIGN MINISTRY

AUROBINDO PHARMA LAUNCHES GENERIC ADVAIR DISKUS IN US 🚀

🇺🇸 Aurobindo Pharma’s subsidiary Lannett Company LLC has launched the generic equivalent of Advair Diskus in the US market.

💊 Product — fluticasone propionate and salmeterol inhalation powder, a GSK product, in 100/50 mcg and 250/50 mcg strengths.

🫁 Used for treatment of asthma and chronic obstructive pulmonary disease (COPD).

📈 This is the first product from Aurobindo’s inhalation pipeline to be commercialised in the US.

🎯 Launch strengthens the company’s push into complex and differentiated inhalation products.

🟢 Impact: Positive — entry into complex US inhalation generics opens a new growth opportunity for Aurobindo Pharma.

ICICI SEC ON IGL ; Price Hike From IGL Will Aid Co's Margin

Even With The CNG Price Hike, Margins May Improve By Just 1.2-1.3/scm

There Will Still Be Margin Compression Despite Price Hikes

There Could Be Further Price Hikes From The Company

CNG Price Hike From IGL Was Crucial

TORRENT PHARMA : Brazil To Expand Market Access For Indian Pharma

India, Brazil Target $30 Bn Bilateral Trade By 2030