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 🚀

HORMUZ SHIPPING TALKS BETWEEN IRAN AND GULF NATIONS HAVE BEEN POSTPONED, WITH OMAN SAYING THE MEETING WAS DELAYED “IN THE INTERESTS OF CONSENSUS” AS EFFORTS TO CREATE A TEMPORARY SHIPPING LANE CONTINUE.

THE DELAY COMES AS BRENT CRUDE REMAINS ABOVE $105 AND IRAN SAYS ANY FUTURE SHIPPING ARRANGEMENT WOULD NOT FULLY REOPEN THE STRAIT, WITH TEHRAN RETAINING CONTROL OVER WHICH SHIPS CAN TRANSIT.

IRAN'S FARS NEWS SAYS THE POSTPONEMENT OF A MEETING BETWEEN GULF COUNTRIES AND IRAN WAS A JOINT DECISION BY TEHRAN AND MUSCAT, ADDING THAT IT CAME AT THE REQUEST OF CERTAIN REGIONAL COUNTRIES

BRENT CRUDE RISES 2.4% AFTER A SAUDI PIPELINE SHUTDOWN AND DELAYED HORMUZ SHIPPING TALKS RAISE CONCERNS OVER GLOBAL OIL SUPPLIES.

US FINALISES STEEP ANTI-DUMPING & COUNTERVAILING DUTIES ON INDIAN SOLAR CELLS, PANELS

US Commerce Department has finalised a 123.04% anti-dumping duty on Indian solar cell/module imports.

A 126.09% countervailing duty was also determined for Indian producers, reflecting alleged government subsidies.

IRAN STATES THAT THE US IS THE MAIN BARRIER TO DIPLOMACY, NOT A LACK OF MEDIATION.

IRAN DENIES CLAIMS OF ACTIVITY AT PICKAXE MOUNTAIN, STATING THERE IS NO EVIDENCE.

INDIA CPI (YOY) (AUG) ACTUAL: 4.82% VS 4.45% PREVIOUS; EST 4.80%

SOLAR INDUSTRIES:

CO ARM TO ACQUIRE SOUTH AFRICA OMNIA HOLDINGS FOR ₹12,951 CR

KREMLIN: INDIA MODI, CHINA'S XI TOLD PUTIN AT BRICS SUMMIT THEY ARE READY TO PLAY ROLE IN UKRAINE CONFLICT SETTLEMENT, THIS WAS POSITIVELY RECEIVED BY PUTIN

IRAN WILL ENFORCE NEW RESTRICTIONS ON VESSEL PASSAGE IN THE PERSIAN GULF STRAIT, WHICH MAY INCLUDE FINES, DETENTION, OR CONFISCATION.