SEBI CONSULTATION PAPER: 7 KEY PROPOSALS

SEBI proposes changes to CAS, derivatives settlement & mkt timings

Option 1: Derivatives settlement price to use CTS + CAS trades

Option 2: Continue CTS-only settlement initially; CAS To be added post 1 yr

IPO GMP TODAY | 12 SEP 2026

MAINBOARD IPOs

• NSE — ₹218 (12.21%)

• SS Retail — ₹80 (18.87%)

• Jindal Supremo — ₹21 (22.58%)

• Hero Motors — ₹10 (11.90%)

• Manika Plastech — ₹7 (16.28%)

• Veegaland Developers — ₹20 (14.29%)

SME IPOs

• Panchatv Bharat — ₹7 (5.00%)

• Maharaja & Speedex India — ₹30 (16.13%)

• Raksan Transformers — ₹30 (10.99%)

DR REDDY’S: USFDA ISSUES 2 OBSERVATIONS AT MEXICO API FACILITY

• USFDA completed a records assessment of Dr Reddy’s API manufacturing facility in Jiutepec, Mexico.

• Assessment conducted from July 17 to September 8, 2026.

• USFDA issued Form FDA 2953 with 2 observations.

• Company will respond within the stipulated timeline.

YESTERDAY LARGE TRADES

BLACKBUCK LTD
• 🔴 Accel India IV — Sold 27L @ ₹576.05 (1.48%)
• 🟢 Abakkus Investment Managers — Bought 27L @ ₹576.05 (1.48%)

SRI LOTUS DEVELOPERS & REALTY
• 🔴 Mohamed Irfan Mohamed Latif Shaikh — Sold 15L @ ₹201.75 (0.31%)
• 🟢 Morgan Stanley Asia Singapore — Bought 15L @ ₹201.75 (0.31%)

NRB BEARINGS
• 🔴 Trilochan Singh Sahney Trust 1 (Promoter) — Sold 5L @ ₹505
• 🟢 DT Fund — Bought 2.28L @ ₹505
• 🟢 GP Emerging Markets Strategies — Bought 1.12L @ ₹505
• 🟢 University of Notre Dame — Bought 1.61L @ ₹505

WESTLIFE FOODWORLD
• 🔴 SBI Mutual Fund — Sold 53,053 @ ₹569.60

ELECTROTHERM INDIA
• 🔴 8 Square Capital — Sold 2.16L @ ₹951.82 (1.69%)
• 🟢 Radiant Global Fund — Bought 2.16L @ ₹951.83 (1.69%)

ANMOL INDIA
• 🟢 Radiant Global Fund — Bought 3L @ ₹16.28 (0.53%)

SILKY OVERSEAS
• 🔴 Vincent Commercial — Sold 1.08L @ ₹68.76 (1.70%)
• 🟢 Brightful Commercial — Bought 1.08L @ ₹68.76 (1.70%)

MEGATHERM INDUCTION
• 🟢 Pankaj Prasoon & HUF — Bought 94,800 @ ₹241.88 (0.50%)

INDO THAI SECURITIES
• 🔴 Bonanza Portfolio — Sold 7.97L @ ₹43.68
• 🔴 Neo Apex Share Broking — Sold 7.51L @ ₹45.49
• 🔴 Prijal Tradefin — Sold 6.65L @ ₹43.41
• 🔴 Mansi Share & Stock Broking — Sold 3.93L @ ₹44.54
• 🔴 Arihant Capital Markets — Sold 20,000 @ ₹44.99
• 🟢 Ashwin Stocks & Investment — Bought 2.91L @ ₹43.92
• 🟢 Ankita Vishal Shah — Bought 1L @ ₹45.45

FASCINATE TEXTILES
• 🔴 Neo Apex Share Broking — Sold 72,800 @ ₹53.15
• 🔴 Zamaira Developers — Sold 1.38L @ ₹53.15
• 🔴 Kanodia Stock Broking — Sold 85,600 @ ₹53.15
• 🟢 Balaji Niketan — Bought 1.88L @ ₹53.15

U.S. Ties Chinese Satellite Data to Deadly July Strike on Iran — WSJ

The U.S. has linked Chinese satellite imagery to an Iranian attack in July that killed three U.S. troops, according to WSJ.

The development adds another layer to rising U.S.-China tensions over the Middle East.

CEIGALL INDIA – ACQUIRES 100% STAKE IN JKJPTL

• Acquisition: 100% stake in Jam Khambhaliya Jamnagar Power Transmission Ltd for ₹5 Lakh

• Purpose: Establishment of common transmission system

• JV Investment: ₹49,000 for 49% stake in proposed infrastructure development JV

• Status: Board approved the acquisition & investment

BLACKBUCK – TO SET UP WHOLLY OWNED SUBSIDIARY

• New Entity: BlackBuck Transport Services Pvt Ltd (proposed)

• Business: Logistics, transportation & storage services

• Focus: Transport assets, truck leasing/acquisition & road transport services for SMEs

• Platform: Electronic platforms for transport assets & allied services

• Ownership: 100% stake through cash subscription at ₹10/share

U.S. STUDENT DEBT EXPLODES TO $1.86 TRILLION

Anthropic CEO Calls for Slower AI Development

Anthropic CEO Dario Amodei has called for the AI industry to slow the pace of developing new models, warning that rapidly advancing AI could create serious risks for humans. He pointed to AI’s growing ability to improve itself and recent incidents in which AI agents breached websites during testing.

Amodei said slowing development does not mean stopping AI progress, but giving companies more time to improve safety and allow independent experts to evaluate their systems. He also called for cooperation across the industry and between countries, saying AI can greatly benefit society if it is developed carefully and responsibly.

VENUS PIPES & TUBES:

CO RE-APPOINTMENT OF DIRECTORS APPROVED AT AGM; ARUN KOTHARI AS MD, MEGHARAM CHOUDHARY AND DHRUV PATEL AS WHOLETIME DIRECTORS FOR 5 YEARS;

INDEPENDENT DIRECTORS KAILASH BHANDARI, SHYAM AGRAWAL, PRANAY SURANA, AND KOMAL KHADARIA RE-APPOINTED FOR SECOND TERMS.

President Trump is calling AI data centers “the oil of the next 50 years” and says America cannot afford to push the buildout away.

He argues they can bring investment and wealth to local communities and warns the U.S. not to “kill the golden goose.”

AMIT SHAH: PM MODI HAS INSTILLED CONFIDENCE THAT INDIA WILL LEAD THE WORLD ACROSS ALL SECTORS BY AUGUST 15, 2047

GLAND PHARMA – ACQUIRES 100% STAKE IN GLAND PHARMA USA

• Acquisition: 100% equity of Gland Pharma USA Inc. from Gland Pharma International Pte. Ltd.

• Consideration: USD 5,01,208 in cash

• Purpose: Simplify corporate structure by making Gland US a direct wholly-owned subsidiary

• Business: Marketing & distribution of pharma products in the USA 🇺🇸

• FY25 Turnover: USD 87,342 | FY24: USD 4,83,808

• FY26 Turnover: Nil

• Completion: Expected by October 31, 2026

EPFO DATA: GEN Z ACCOUNTS FOR 79% OF NEW UANs GENERATED IN FY26; WOMEN MAKE UP 28%

• GEN Z EMPLOYEES ACCOUNT FOR 79% OF NEW UANs IN FY26

• WOMEN REPRESENT 28% OF NEW UAN REGISTRATIONS

• DATA HIGHLIGHTS RISING PARTICIPATION OF YOUNGER WORKERS IN FORMAL EMPLOYMENT

INDIA TO GET 1.64 MILLION-TONNE ANNUAL STEEL QUOTA FOR EU; 6.95 LAKH TONNES UNDER FTA

• INDIA TO GET 1.64 MILLION TONNES OF STEEL EXPORT QUOTA TO EU ANNUALLY

• 694,853 TONNES ALLOCATED UNDER FTA COMPONENT

• QUOTAS COVER VARIOUS STEEL PRODUCTS

• MOVE PROVIDES GREATER MARKET ACCESS FOR INDIAN STEEL EXPORTERS

FPIs PULL OUT ₹13,138 CRORE FROM INDIAN EQUITIES IN SEPTEMBER SO FAR AMID GLOBAL UNCERTAINTY

• FPIs WITHDRAW ₹13,138 CRORE FROM EQUITIES IN SEPTEMBER

• OUTFLOW FOLLOWS STRONG BUYING IN JULY & AUGUST

• FPIs INVESTED ₹20,200 CRORE IN JULY

• INFUSED ₹29,630 CRORE IN AUGUST

• GLOBAL UNCERTAINTY DRIVES CAUTIOUS FOREIGN INVESTOR SENTIMENT

ZOMATO STARTS CHARGING EXTRA FEE ON CASH-ON-DELIVERY ORDERS

• COD ORDERS NOW ATTRACT AN ADDITIONAL FEE OF AT LEAST ₹5

• SOCIAL MEDIA USERS REPORT FEES AS HIGH AS ₹20 IN SOME LOCATIONS

• NEW CHARGE INCREASES THE COST FOR CUSTOMERS PAYING BY CASH

PUNJAB POWER CRISIS: INDUSTRIES FACE 8–10 HOUR POWER CUTS AS 1,360 MW GENERATION GOES OFFLINE

• INDUSTRIAL CONSUMERS IN LUDHIANA, JALANDHAR, AMRITSAR & MOHALI HIT BY LONG OUTAGES

• TWO PRIVATE THERMAL POWER PLANT UNITS SHUT DOWN

• AROUND 1,360 MW OF POWER GENERATION TAKEN OFFLINE

• POWER SHORTAGE THREATENS INDUSTRIAL PRODUCTION IN PUNJAB

Trump Says ‘Not Worried’ Xi May Cancel Summit, Says China Has Been ‘Fair’

US President Donald Trump says he is “not worried” that Chinese President Xi Jinping might cancel their upcoming summit, adding that “China has been fair with us over the last number of years.” His remarks come amid reports that Beijing has threatened to call off the Trump-Xi meeting over a potential US arms sale to Taiwan.

COFORGE – WINS “AI NATIVE ENTERPRISE” AWARD 🏆🤖

• Award: “AI Native Enterprise” at TOI AI Quotient Awards

• Recognition: Scaling AI from experimentation to enterprise-wide execution

• Evaluation: Business value, innovation, scalability & AI governance

• AI Platforms: Coforge Nuviron & Momentum blue

• Focus: AI-native delivery models and measurable business impact 🚀