VARROC ENGINEERING:

CO’S ROMANIA SUBSIDIARY SEEKS EUR 67 MILLION FROM OP MOBILITY IN FRESH PARIS COURT PROCEEDINGS OVER A SUPPLY AGREEMENT DISPUTE.

JULY IIP DATA

July IIP growth at 6.7% vs 8.8% MoM

Mining, quarrying sector output growth at -0.9% vs 1.6% MoM

Manufacturing sector output growth at 7.3% vs 9.5% Moм

Electricity, gas supply sector output growth at 8.7% vs 11.3% MoM

Water supply sector output growth at 7.4% vs 6.1% MoM

Primary goods output growth at 4.1% vs 5.4% MoM

JULY IIP DATA

Capital goods output growth at 16.1% vs 17.9% MoM

Intermediate goods output growth at 10% vs 11.5% MoM

Infrastructure goods output growth at 6.9% vs 8.8% MoM

Consumer durables output growth at 10.5% vs 10.3% MoM

Consumer non-durables output growth at -1% vs 5.6% MoM

TRUMP WANTS FARMERS TO PROCESS THEIR OWN FOOD DRAWING UP PLANS TO ALLOW FARMERS TO PROCESS OWN FOOD I CAN'T LET BIG PROCESSORS HURT FARMERS AND RANCHERS

OIL LOADINGS FROM BLACK SEA NOVOROSSIYSK SET TO MORE THAN HALVE IN AUGUST M/M DUE TO DRONE ATTACKS, TRADERS SAY AND DATA SHOWS

TRUMP ON TRUTH SOCIAL

Ranchers and Farmers have always been a number one priority for me.

They work very hard, are smart, efficient, and immaculately CLEAN, but for years I have heard that they have had a tremendous problem with the Big Processors, who many say are a nasty Monopoly.

There are, essentially, 4 of them, a very non competitive number, and they make life miserable for our wonderful Farmers and Ranchers, and I can’t let that happen, can I? So, in order to break this powerful monopoly, with much of its ownership based outside of the U.S., I am authorizing legal documents to be drawn in order to allow Farmers and Ranchers to be given the right to PROCESS THEIR OWN FOOD.

This should move quickly.

Thank you for your attention to this matter! President DONALD J. TRUMP

JSW CEMENT:

CO REVENUE UP 21.6% TO ₹1,896 CRORE IN Q1 FY27, CAPACITY EXPANSION ON TRACK WITH 56 MW WIND CAPACITY ADDED

RBI:

INDIA TO BUY BACK ₹30,000 CRORE OF SECURITIES VIA AUCTION ON SEPTEMBER 3

JUST IN: Fed member says it's time for rate "hikes"

FED CHAIR WARSH:

NUMBERS 'MORE CONCERNING' ON PRICE STABILITY

THIS SUMMER'S INFLATION DATA BETTER THAN EXPECTED, BUT DO NOT TELL ME UNDERLYING TRENDS HAVE MEANINGFULLY CHANGED

FED'S PREDOMINANT FOCUS RIGHT NOW SHOULD BE ON PRICES

FED CHAIR WARSH:

AT JULY MEETING 'GOOD MAJORITY' FELT WISER COURSE WAS TO WAIT

IMPRESSED BY THE OVERALL PERFORMANCE OF ECONOMY, APPEARS TO HAVE STRENGTHENED

CREDIT AND LOAN MARKETS SHOWING FEW SIGNS OF POLICY RESTRAINT

WAGE GROWTH MODERATE, BUT NOT A RELIABLE INDICATOR OF FUTURE INFLATION

US Univ. Of Michigan Sentiment Aug F: 51.7 (est 51.0; prev 51.0)

- Current Conditions: 51.9 (est 52.0; prev 51.8)

- Expectations: 51.5 (est 51.4; prev 50.6)

- 1-Year Inflation: 4.0% (est 4.4%; prev 4.3%)

- 5-10 Year Inflation: 3.3% (est 3.3%; prev 3.3%)

WARSH:

IMPORTANT TO GAUGE EFFECTS OF HIGH GROWTH EXPECTATIONS FOR CAP-EX, CORPORATE EARNINGS

INFLATION EXPECTATIONS TEND TO LOOK DURABLE UNTIL THEY DON'T;

MUST BE CLOSELY MINDED

FED'S 2% PCE TARGET IS FIRM AND FIXED; IT IS FED’S JOB TO DELIVER STABLE PRICES

FED CHAIR WARSH:

INFLATION EXPECTATIONS BY AND LARGE LOOK STABLE IN MEDIUM TERM

MARKET PRICES SHOW CONFIDENCE THAT WE WILL DELIVER PRICE STABILITY

BUSINESS INVESTMENT RISING RAPIDLY

WARSH: INFLATION EXPECTATIONS BY AND LARGE LOOK STABLE IN MEDIUM TERM MARKET PRICES SHOW CONFIDENCE THAT WE WILL DELIVER PRICE STABILITY BUSINESS INVESTMENT RISING RAPIDLY

WARSH: IMPORTANT TO GAUGE EFFECTS OF HIGH GROWTH EXPECTATIONS FOR CAP-EX, CORPORATE EARNINGS INFLATION EXPECTATIONS TEND TO LOOK DURABLE UNTIL THEY DON'T; MUST BE CLOSELY MINDED FED'S 2% PCE TARGET IS FIRM AND FIXED; IT IS FED’S JOB TO DELIVER STABLE PRICES

EPL: CO CEO RAISES GROWTH GUIDANCE TO HIGH TEENS FOR NEXT FEW QUARTERS, REAFFIRMS 20% UNDERLYING EBITDA MARGIN

OLA ELECTRIC MOBILITY: CO SECURES ₹95.81 CRORE PLI-AUTO INCENTIVE FOR THIRD CONSECUTIVE YEAR

1st Speech Of Kevin Warsh-Jackson Hole Symposium-Global Asset Spooked On Hawkish Tone

Key Takeaways

Underlying inflation remains too high and the Fed has "work to do"

If price pressures do not move clearly and rapidly back to the 2% target

Financial conditions are not currently restrictive

Keeping rate hikes on the table and its Fed's predominant tool

Criticized heavy reliance on rigid forward guidance, arguing for a structural shift

Policymakers should speak less and let markets independently digest unfiltered economic signals.

By narrow credit spreads and robust lending—do not currently show sufficient policy restraint

No signaling of rate hike for September FOMC meet

PCE price index remains the gauge to be targeted

What Was The Impact Post Speech?

Fall in US indices and AI/Chipmakers

2-year US Treasury yield up 11bps to 4.34%
Spot gold falls below $4,500/oz
Bitcoin falls under $77,000
Asian markets-likely to open negative on Monday

What Lies Ahead For Fed?
Proper roadway mapped out
Risk-off sentiment may come back
Money markets projecting 50% hike in Sept FOMC Meet
Longer dated-bonds may remain stabilized

VIRTUOSO OPTOELECTRONICS: BOARD APPROVES PREFERENTIAL ISSUE OF SHARES AT ₹503 EACH AGGREGATING ₹84.99 CR; EGM SCHEDULED FOR SEPTEMBER 24, 2026 TO SEEK SHAREHOLDER APPROVAL.

JIO PLATFORMS GETS SEBI NOD FOR RECORD ₹37,700-CR IPO; FRESH ISSUE OF 27-CR SHARES