BOJ JGB HOLDINGS PLUNGE BY RECORD ¥47.8 TRILLION YOY IN JULY

BANK OF JAPAN CUTS GOVERNMENT BOND HOLDINGS AT UNPRECEDENTED PACE; ¥47.8 TRILLION ANNUAL DROP MARKS BIGGEST DECLINE EVER

TATA CHEMICALS : ACQUIRES NORTH AMERICAN SODA ASH CONTRACTS

• Tata Chemicals’ wholly owned subsidiary Tata Chemicals North America Inc. (TCNA) has completed the acquisition of North American soda ash customer contracts from Searles Valley Minerals Inc. (SVM)

• Contracts represent 500,000+ metric tonnes to be serviced over 2 years

• TCNA was declared the successful bidder in SVM’s Chapter 11 bankruptcy proceedings

• Acquisition completed on 11 September 2026 after fulfilment of all conditions

• Business: Soda Ash

• Contract Tenure: 2 years

SIEMENS:

CO HAS MOVED FORWARD WITH THE PROPOSED AMALGAMATION OF ITS UNIT SIEMENS RAIL AUTOMATION WITH SIEMENS

SEBI CONSULTATION PAPER ON CAS

SEBI Proposes Blended VWAP For Expiry-Day Derivatives Settlement

Alert: VWAP Is Volume Weighted Average Price

Blended VWAP To Include Last 30 Min CTS + 10 Min CAS

Alert: CTS Is Continuous Trading Session

SEBI Floats CTS VWAP As Alternative Interim Settlement Methodology

SEBI Proposes Scrapping IEP-Derived Indicative Index Value During CAS

SEBI Proposes Cutting CAS Transition Period To 1 Minute From 5 Minutes

SEBI Proposes Cutting Post-CAS F&O Trading Window To 5 Minutes

SEBI Floats Two Options For CAS Market Timings: 3:30 PM Or 3:15 PM CTS

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