INDIA RAISES WINDFALL TAX ON PETROL EXPORTS TO 1.5 RUPEES FROM ZERO WITH EFFECT FROM SEPTEMBER 1

INDIA CUTS WINDFALL TAX ON DIESEL EXPORTS TO 19 RUPEES/LITRE FROM 24 RUPEES/LITRE WITH EFFECT FROM SEPTEMBER 1

INDIA CUTS DIESEL EXPORT LEVY TO 1 RUPEE/LITRE FROM 3 RUPEES/LITRE

SAMOR REALITY: CO BOARD TO CONSIDER STOCK SPLIT PROPOSAL ON SEPTEMBER 5

US BESSENT: STRAIT OF HORMUZ WILL BE 'BYPASSED' IN 2 YEARS

ADANI PORTS AND SPECIAL ECONOMIC ZONE: CO STEP-DOWN SUBSIDIARY ASTRO OFFSHORE INCORPORATES WHOLLY OWNED SUBSIDIARY IN SAUDI ARABIA

ELECTRONICS MART: CO EXPANDS INTO EASTERN INDIA; SCALES PREMIUM LIFESTYLE FORMATS & LEVERAGES PROFITABLE NCR NETWORK

INDIA FINANCE MINISTRY: SITHARAMAN, BESSENT COMMITTED TO DEEPENING INDIA-US RELATIONSHIP IN VARIOUS AREAS INCLUDING CRITICAL MINERALS

INDIA FINANCE MINISTRY: INDIA FINANCE MINISTER SITHARAMAN INVITED BESSENT FOR THE ECONOMIC & FINANCIAL PARTNERSHIP TO NEW DELHI LATER THIS YEAR

HDFC BANK: CO EXERCISES CALL OPTION TO REDEEM ₹739 CRORE ADDITIONAL TIER 1 BONDS ON SEPTEMBER 30

INDIA FINANCE MINISTRY:

INDIA FINANCE MINISTER SITHARAMAN INVITED BESSENT FOR THE ECONOMIC & FINANCIAL PARTNERSHIP TO NEW DELHI LATER THIS YEAR

Iran to deliver a greater response to US strikes - Tasnim

Iran will respond to US attacks with a response 'several times larger and US bases and interests in the region will be targeted - Tasnim cites senior Iranian Military Source.

Iran's IRGC: Severe punishment awaits the US - IRIB

US oil tops $90 a barrel for the first time since late July.

IRAN'S FARS CITES IRGC SPOKESPERSON AS SAYING U.S. 'WILL REGRET ITS NEW ATTACKS'

TATA MOTORS:

CO'S UNIT TML CV HOLDINGS B.V. SECURES ALL REGULATORY AUTHORIZATIONS FROM ITALIAN AND INTERNATIONAL REGULATORY AUTHORITIES FOR IVECO GROUP N.V. VOLUNTARY TENDER OFFER

MPHASIS:

CO. AND TECHNOPRO HOLDINGS SIGN STRATEGIC AGREEMENT TO ACCELERATE AI-LED ENTERPRISE TRANSFORMATION IN JAPAN

NEPHROCARE HEALTH:

CO. ACQUIRES 100% STAKE IN DIALYSIS CENTER ALMATY KAZAKHSTAN

JP MORGAN ON STEEL

• Cost pressures persist; reiterates selective stance on the sector.

• Domestic HRC prices have started rising, but spreads remain largely flattish.

• Surprised by sharp rally in SAIL; recent cost escalation likely to weigh on profitability due to higher coke rate vs peers.

• Expects steel prices to remain range-bound for now.

• Sees gradual recovery in spreads after festive season.

• JSW Steel remains preferred pick.

CLSA ON OIL & GAS

• Around 70% of >1 bn bbl Hormuz supply shortfall met through strategic reserve releases from China, US & OECD.

• Limited crude upside and sharp backwardation suggest market expects supply relief.

• CLSA sees limited scope for near-term supply relief.

• China, Korea & Japan may increase imports as strategic reserves get depleted.

• This could push crude prices higher over the next 2–3 months.

• Positive on ONGC & Oil India; Negative on IOC, BPCL & HPCL.