SEBI BOARD TO MEET ON SEPTEMBER 24;

MAJOR MARKET REFORMS ON AGENDA

Board likely to consider overhaul of PMS regulations

Introducing a dedicated mutual-fund-only PMS framework

SEBI Board may take up common advertisement code for regulated entities

Conditional celebrity endorsements may be considered under proposed ad code

Changes to settlement regulations likely to be discussed

SEBI may ease norms for FPIs in non-agricultural commodity derivatives

Board may consider reforms to deepen corporate debt market

Merchant banker requirement may be eased for small private debt placements

Credit Risk-o-Meter for debt securities may be considered

Depository receipts framework for REITs and InvITs may be discussed

SEBI Board may review rules for vault managers

NVIDIA-SUPPORTED FIRMUS AIMS TO RAISE $10 BILLION FOR AI CHIP DEVELOPMENT.

TegaInd: CITT issues in favour of Arm Moly-Cop Canada in anti-dumping duty case

🚩Alert: CITT is Canadian International Trade Tribunal

▶️CITT found that dumping of forged grinding media from China has not caused injury to Ind

Jai Balaji Industries: CRISIL Downgrades Credit Ratings

• Long-term rating downgraded to CRISIL BBB/Stable from BBB+/Stable.

• Short-term rating downgraded to CRISIL A3+ from A2.

• FY26 revenue declined 8% YoY to ₹5,786 Cr.

• EBITDA margin fell to 6% from 14%, a contraction of 764 bps.

• DI pipe capacity utilisation declined to ~30% from 80% in FY25.

• RoCE declined to 8.8% from over 20% in the preceding three fiscals.

• CRISIL cited weaker-than-expected operating performance in FY26 as the key reason for the downgrade.

GSFC: Launches 7 SARDAR Crop Protection Products

• GSFC has entered the crop protection chemicals segment under its SARDAR brand.

• Launched 7 products, including herbicides and insecticides.

• Herbicide: Sardar Saathi – Pendimethalin 30% EC.

• Insecticides: Sardar Raktar, Tufani Firo, Andaar, Aadhar, X-Ghod and Senapati.

• Products will be distributed through GSFC’s existing network, including Kisan Suvidha Kendras (KSK).

• Expansion diversifies GSFC’s agricultural portfolio beyond fertilizers and bio-fertilizers.

WAAREE ENERGIES says

Co EBITDA Guidance Is ₹7,000-7,500 Cr For FY27

OECD RAISES INDIA FY27 GDP GROWTH FORECAST TO 7.1%

Raises India FY28 GDP Growth By 10bps To 6.5%

Sees Headline Inflation Averaging 4.7% In FY27, 4.2% In FY28

Sees Core Inflation Averaging 4.1% In FY27, FY28

Resilient Demand, India Policies Cushion Economy From High Energy Cost

Government Measures To Mitigate Energy Price Pressures In Near Term

RBI May Hike Repo Rate Temporarily To Offset Inflationary Pressures

Reduced Purchasing Power To Weaken India Growth In 2nd Half Of 2026

KREMLIN STATES UKRAINIAN PRESIDENT MUST VISIT MOSCOW FOR FUTURE DISCUSSIONS AFTER DECISIONS MADE.

KREMLIN ANNOUNCES NO SPECIFIC PLANS FOR HIGH-LEVEL UKRAINE MEETINGS.

PROMOTER WHIRLPOOL MAURITIUS SET TO SELL ITS ENTIRE STAKE

FROM CNBC AWAAZ | SOURCES SAY

Alert: Promoter Whirlpool Mauritius Held A 39.76% Stake As Of June

List Of Potential Buyers Includes Large Investors & A Major MNC Consumer Durables Co

Deal In Final Stages, Announcement Expected In The Coming Weeks

Alert: Promoter Whirlpool Mauritius Has Been Selling Its Stake Since 2023

Alert: Promoter Whirlpool Mauritius Sold An 11.24% Stake Last Year

Alert: Whirlpool Mauritius Stake Has Dropped From 75% Το 39.76% Over The Last Three Years

Alert: CNBC Awaaz Has Emailed The Management, Awaiting A Response

ADANI POWER

11.5 LKH SHARES EXCHANGED VIA BLOCK DEALS

WHIRLPOOL:

PROMOTER TO SELL STAKE IN CO, PROMOTER HOLDS 40% STAKE IN CO; MULTIPLE INVESTORS IN RACE TO TO ACQUIRE STAKE IN CO - TV

WHIRLPOOL:

LG ELECTRONICS LIKELY TO ACQUIRE STAKE IN CO - TV

Divis Lab in Focus - Citi bullish on oral Wegovy opportunity

Citi on Divis Lab
Maintain Buy with TP of Rs 11700

Novo’s Oral Wegovy Scale-up Offers Potential Optionality for Divi’s

Believe this could offer an attractive opportunity for Indian CDMOs as well, particularly Divi’s

Divis has integrated and cost efficient peptide manufacturing platform

Lilly’s Tirzepatide still remains the largest GLP-1 / peptide opportunity for Divi’s

Any participation in oral Wegovy should be viewed as a potential Optionality

Divi’s remains top pick in India Pharma

SC DELIVERS SPLIT VERDICT ON PLEA VS NEW LAW ON POLL PANEL APPOINTMENTS

ALERT: SC order if poll panel case be referred to Constitution Bench

ALERT: Pleas vs Cabinet minister in panel to appoint poll panel members

SC Judge Datta: Refuses referring poll panel law issue to larger bench

SC Judge Datta: Inclusion of Cabinet member fails to provide neutral voice

SC Judge Datta: Free, fair elections depend on truly independent poll panel

SC Judge Datta: New poll panel law doesn't ensure independent selection

SC Judge Sharma: Seeks forming Constitution Bench over new poll panel law

INVESTIGATING LG ELECTRONICS, SAMSUNG FOR ALLEGEDLY PAYING LOWER TARIFFS ON IMPORTED DISPLAY PARTS OF HIGH-END TVS INDIAN OFFICIALS SAY 5% CONCESSIONAL TARIFF WRONGLY CLAIMED ON OLED DISPLAY PARTS, DUTY OF 15% WAS PAYABLE SAMSUNG: REVIEWING THE MATTER AND COOPERATING FULLY WITH RELEVANT AUTHORITIES, FIRMLY COMMITTED TO COMPLYING WITH ALL LAWS - RTRS

ASIAN PAINT; Dealer checks show strong pick-up in September - NDTV PROFIT 🟢 📈

BANDHAN BANK, RBL BANK ; Buy flows on large HNI and PMS desk , Dealers expect strong earnings - NDTV PROFIT 🟢🟢

RUSSIA CUTS ESTIMATE FOR COUNTRY'S 2026 NATURAL GAS PRODUCTION TO 683.1 BCM FROM PREVIOUS FORECAST OF 688.4 BCM, DOCUMENT SHOWS- RTRS

RUSSIA REVISES DOWN PIPELINE GAS EXPORTS OUTLOOK FOR 2027-2029, DOCUMENT SHOWS- RTRS

CEAT:

CO TO INVEST ₹4.60 CRORE IN WHOLLY OWNED SUBSIDIARY TYRESNMORE VIA RIGHTS ISSUE