STERLITE TECHNOLOGIES: WINS $288 MN LONG-TERM SUPPLY AGREEMENT
• Sterlite Technologies has signed a Long-Term Supply Agreement with a leading international hyperscaler.
• Agreement covers supply of high-density optical fibre cable products from CY27 to CY29.
• Contract Value: Approximately USD 288 million.
• Purchase orders will be released periodically during the contract period.
• Agreement can be extended by 2 additional years with mutual consent.
• Demand/supply shortfalls are covered under a mutual capped risk-sharing framework.
• Sterlite Technologies has signed a Long-Term Supply Agreement with a leading international hyperscaler.
• Agreement covers supply of high-density optical fibre cable products from CY27 to CY29.
• Contract Value: Approximately USD 288 million.
• Purchase orders will be released periodically during the contract period.
• Agreement can be extended by 2 additional years with mutual consent.
• Demand/supply shortfalls are covered under a mutual capped risk-sharing framework.
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DEEPAK BUILDERS: PROMOTER PLEDGES 27 LAKH SHARES
• Promoter Deepak Kumar Singal pledged 27 lakh shares (~0.58%).
• 15 lakh shares pledged for ₹4 Cr and 12 lakh shares for ₹5 Cr.
• Total promoter shares under encumbrance rise to 5.44 Cr (11.68%).
• Funds to be used for promoter’s personal purposes.
• Promoter Deepak Kumar Singal pledged 27 lakh shares (~0.58%).
• 15 lakh shares pledged for ₹4 Cr and 12 lakh shares for ₹5 Cr.
• Total promoter shares under encumbrance rise to 5.44 Cr (11.68%).
• Funds to be used for promoter’s personal purposes.
MCX: RECORDS ALL-TIME HIGH DAILY TURNOVER OF ₹62.93 LAKH CR
MCX recorded its highest-ever daily turnover of ₹62.93 lakh crore on August 28, up 172% from the previous record.
Options contributed around 98% of the total turnover.
MCX recorded its highest-ever daily turnover of ₹62.93 lakh crore on August 28, up 172% from the previous record.
Options contributed around 98% of the total turnover.
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PPAP AUTOMOTIVE: SECURED CREDITORS’ MEETING FOR AVINYA BATTERIES MERGER ON SEPT 30
PPAP Automotive will hold a secured creditors’ meeting on September 30, 2026, for the proposed merger of Avinya Batteries with the company.
Remote e-voting: September 26–29.
The meeting is a procedural step toward the proposed amalgamation.
PPAP Automotive will hold a secured creditors’ meeting on September 30, 2026, for the proposed merger of Avinya Batteries with the company.
Remote e-voting: September 26–29.
The meeting is a procedural step toward the proposed amalgamation.
CCME GLOBAL: APPROVES UAE ACQUISITIONS & ₹151 CR PREFERENTIAL ISSUE
• Acquires up to 51% in CCME UAE for up to ₹127.73 Cr.
• Acquires 52% in Interlink Distribution LLC for ₹20.34 Cr.
• Total acquisition consideration: up to ₹148.07 Cr.
• Board approves preferential issue of ~15.11 Cr shares worth ~₹151.07 Cr, subject to approvals.
• Acquisitions expand presence across Middle East & Africa.
• Acquires up to 51% in CCME UAE for up to ₹127.73 Cr.
• Acquires 52% in Interlink Distribution LLC for ₹20.34 Cr.
• Total acquisition consideration: up to ₹148.07 Cr.
• Board approves preferential issue of ~15.11 Cr shares worth ~₹151.07 Cr, subject to approvals.
• Acquisitions expand presence across Middle East & Africa.
JINDAL WORLDWIDE: ₹15 CR CORPORATE GUARANTEE FOR SUBSIDIARY
• Corporate guarantee of ₹15 Cr provided to Jindal Mobilitric for credit facilities from JIO Credit.
• Guarantee will be treated as a contingent liability.
• Impact: Neutral.
• Corporate guarantee of ₹15 Cr provided to Jindal Mobilitric for credit facilities from JIO Credit.
• Guarantee will be treated as a contingent liability.
• Impact: Neutral.
ONESOURCE INDUSTRIES: MD & CHAIRMAN RESIGNS
• Shibhu Maurya resigned as MD, Director and Chairman effective August 29, 2026.
• Reason cited: Personal reasons and other pre-occupations.
• Impact: Neutral to Negative.
• Shibhu Maurya resigned as MD, Director and Chairman effective August 29, 2026.
• Reason cited: Personal reasons and other pre-occupations.
• Impact: Neutral to Negative.
NLC INDIA: SIGNS 25-YEAR SOLAR PPA
• JV with NCRTC signs 25-year PPA for a 110 MW solar project.
• Project will be developed in Uttar Pradesh.
• Impact: Positive.
• JV with NCRTC signs 25-year PPA for a 110 MW solar project.
• Project will be developed in Uttar Pradesh.
• Impact: Positive.
CANARA BANK: TO APPEAL NCLT ORDER
• Canara Bank will appeal against the NCLT order approving Subhash Chandra’s ₹6.25 Cr repayment plan.
• Bank had opposed the repayment plan.
• Impact: Neutral to Negative.
• Canara Bank will appeal against the NCLT order approving Subhash Chandra’s ₹6.25 Cr repayment plan.
• Bank had opposed the repayment plan.
• Impact: Neutral to Negative.
TARIL: ENTERS NUCLEAR POWER SECTOR WITH NPCIL ORDER
• TARIL has secured its first nuclear-sector order from MEIL for supply of Generator Transformers for NPCIL’s Kaiga Units 5 & 6.
• Kaiga Units 5 & 6 comprise two 700 MW PHWR reactors, adding 1,400 MW capacity.
• The order strengthens TARIL’s presence in critical and high-value power infrastructure.
• Impact: Positive.
• TARIL has secured its first nuclear-sector order from MEIL for supply of Generator Transformers for NPCIL’s Kaiga Units 5 & 6.
• Kaiga Units 5 & 6 comprise two 700 MW PHWR reactors, adding 1,400 MW capacity.
• The order strengthens TARIL’s presence in critical and high-value power infrastructure.
• Impact: Positive.
🚨 DO U KNOW ???
What happened after raids in these companies ....
🔎 Krishnapatnam Port / Navayuga Group
• Income Tax searches had been conducted against Navayuga Group-linked entities in earlier years.
🔎 Shree Cement
• Income Tax Department conducted searches at multiple locations in June 2023.
🔎 ACC & Ambuja Cements
• CCI initiated an investigation into alleged anti-competitive practices involving cement companies in 2020.
• Searches were also conducted at cement-company premises.
🔎 Vedanta Group
• Enforcement Directorate conducted searches in June 2026 as part of a FEMA-related investigation.
What happened after raids in these companies ....
🔎 Krishnapatnam Port / Navayuga Group
• Income Tax searches had been conducted against Navayuga Group-linked entities in earlier years.
🔎 Shree Cement
• Income Tax Department conducted searches at multiple locations in June 2023.
🔎 ACC & Ambuja Cements
• CCI initiated an investigation into alleged anti-competitive practices involving cement companies in 2020.
• Searches were also conducted at cement-company premises.
🔎 Vedanta Group
• Enforcement Directorate conducted searches in June 2026 as part of a FEMA-related investigation.
Market Wizard
🚨 DO U KNOW ??? What happened after raids in these companies .... 🔎 Krishnapatnam Port / Navayuga Group • Income Tax searches had been conducted against Navayuga Group-linked entities in earlier years. 🔎 Shree Cement • Income Tax Department conducted…
🚨 ADANI LINK
✅ Krishnapatnam Port ⚓
Adani Ports acquired 75% of the port in 2020 and later acquired the remaining 25% for ₹2,800 Cr, taking its ownership to 100%.
✅ Sanghi Industries 🏭
Adani-owned Ambuja Cements acquired a 56.74% stake in Sanghi Industries in 2023, with an enterprise value of around ₹5,000 Cr.
✅ ACC & Ambuja Cements 🏗️
Adani Group acquired control of ACC and Ambuja Cements in 2022 through the acquisition of Holcim's stake.
❌ Shree Cement
Shree Cement had been linked to the race to acquire Sanghi Industries but subsequently exited.
❌ Vedanta
Vedanta actually challenged Adani’s acquisition of Jaiprakash Associates assets in court.
✅ Krishnapatnam Port ⚓
Adani Ports acquired 75% of the port in 2020 and later acquired the remaining 25% for ₹2,800 Cr, taking its ownership to 100%.
✅ Sanghi Industries 🏭
Adani-owned Ambuja Cements acquired a 56.74% stake in Sanghi Industries in 2023, with an enterprise value of around ₹5,000 Cr.
✅ ACC & Ambuja Cements 🏗️
Adani Group acquired control of ACC and Ambuja Cements in 2022 through the acquisition of Holcim's stake.
❌ Shree Cement
Shree Cement had been linked to the race to acquire Sanghi Industries but subsequently exited.
❌ Vedanta
Vedanta actually challenged Adani’s acquisition of Jaiprakash Associates assets in court.
Iran accuses Treasury Secretary Bessent of lying about oil flows through Strait of Hormuz
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OIL: WASTE-TO-ENERGY PROJECTS IN HARYANA
• OIL Green Energy has signed MoUs with Gurugram, Faridabad, Hisar and Ambala municipalities for CBG and Waste-to-Energy projects.
• Total waste processing capacity: 5,000 TPD.
• Projects expected to produce 70–75 TPD CBG and 50 MW green power.
• Impact: Positive.
• OIL Green Energy has signed MoUs with Gurugram, Faridabad, Hisar and Ambala municipalities for CBG and Waste-to-Energy projects.
• Total waste processing capacity: 5,000 TPD.
• Projects expected to produce 70–75 TPD CBG and 50 MW green power.
• Impact: Positive.
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US to take 35% stake in Venezuelan mogul Betancourt's oil venture, WSJ reports
GOVT ACHIEVES 78% OF FY27 DIVESTMENT & ASSET MONETISATION TARGET IN JUST APR-AUG
Government has already raised ₹62,124 crore against the FY27 target of ₹80,000 crore, achieving nearly 78% of the annual target in the first five months.
Government has already raised ₹62,124 crore against the FY27 target of ₹80,000 crore, achieving nearly 78% of the annual target in the first five months.
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NEARLY 1 MILLION INDIANS STUCK IN US GREEN CARD BACKLOG — SOME COULD FACE 179-YEAR WAIT
Nearly 1 million Indians account for around 79% of the 1.26 million employment-based green card backlog. A new NFAP analysis estimates potential waits of up to 179 years for Indians in the EB-2 category
Nearly 1 million Indians account for around 79% of the 1.26 million employment-based green card backlog. A new NFAP analysis estimates potential waits of up to 179 years for Indians in the EB-2 category
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