ITC HOTELS: ACQUIRES 100% OF GHK HOSPITALITY FOR ₹155 CR
• ITC Hotels acquires 100% stake in GHK Hospitality & Infrastructures for enterprise value of ₹155 Cr.
• GHK owns Welcomhotel Ahmedabad, a 130-key hotel operated by ITC Hotels.
• Acquisition strengthens ITC Hotels’ owned hotel portfolio in Ahmedabad.
• Deal consideration payable in cash, subject to customary adjustments.
• GHK is now a wholly-owned subsidiary of ITC Hotels.
• GHK reported FY26 revenue of ₹35.16 Cr.
• ITC Hotels acquires 100% stake in GHK Hospitality & Infrastructures for enterprise value of ₹155 Cr.
• GHK owns Welcomhotel Ahmedabad, a 130-key hotel operated by ITC Hotels.
• Acquisition strengthens ITC Hotels’ owned hotel portfolio in Ahmedabad.
• Deal consideration payable in cash, subject to customary adjustments.
• GHK is now a wholly-owned subsidiary of ITC Hotels.
• GHK reported FY26 revenue of ₹35.16 Cr.
EMS LTD: EMERGES L-1 FOR ₹218.65 CR RAJASTHAN SEWERAGE PROJECT
• Emerges L-1 bidder for a Rajasthan sewerage project.
• Estimated order value: ₹218.65 Cr including GST.
• Project covers sewerage & septage management across 6 ULBs, including STPs and sewer network works.
• Execution period: 18 months.
• Includes 1-year defect liability + 10 years O&M.
• Final award subject to receipt of Letter of Award (LOA).
• Emerges L-1 bidder for a Rajasthan sewerage project.
• Estimated order value: ₹218.65 Cr including GST.
• Project covers sewerage & septage management across 6 ULBs, including STPs and sewer network works.
• Execution period: 18 months.
• Includes 1-year defect liability + 10 years O&M.
• Final award subject to receipt of Letter of Award (LOA).
U.S. TREASURY SECRETARY BESSENT ON IRAN, SANCTIONS: PROBABLY GOING TO ANNOUNCE BANK SANCTION THIS WEEK AND NEXT WEEK
U.S S&P GLOBAL MANUFACTURING PMI (AUG) ACTUAL: 53.9 VS 53.9 PREVIOUS; EST 53.2
US ISM MANUFACTURING PMI (AUG) ACTUAL: 54.6 VS 55.6 PREVIOUS; EST 55.2
US ISM MANUFACTURING PMI (AUG) ACTUAL: 54.6 VS 55.6 PREVIOUS; EST 55.2
KFIN TECHNOLOGIES: APPROVES MERGER OF 3 GROUP ENTITIES
• Board approves merger of WebileApps India, Hexagram Fintech and WebileApps Technology Services into KFin Technologies.
• Merger aims to simplify group structure and reduce legal entities.
• Expected to improve operational and cost efficiencies.
• No new KFin shares will be issued and no change in shareholding pattern.
• Scheme subject to NCLT and regulatory approvals.
• Board approves merger of WebileApps India, Hexagram Fintech and WebileApps Technology Services into KFin Technologies.
• Merger aims to simplify group structure and reduce legal entities.
• Expected to improve operational and cost efficiencies.
• No new KFin shares will be issued and no change in shareholding pattern.
• Scheme subject to NCLT and regulatory approvals.
MAJESTIC AUTO: INFUSES ₹35.79 CR INTO SHARAN HOSPITALITY
• Majestic Auto subscribes to ₹35.79 Cr NCDs of Sharan Hospitality under the approved resolution plan.
• Total infusion so far reaches ₹75.79 Cr, including ₹40 Cr earlier.
• Resolution plan envisages total funding of ₹105.43 Cr.
• Remaining steps include balance NCD subscription, bonus preference shares and ₹29.28 Cr ICD extension.
• Securities are proposed to be transferred to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund after completion of conditions.
• Majestic Auto subscribes to ₹35.79 Cr NCDs of Sharan Hospitality under the approved resolution plan.
• Total infusion so far reaches ₹75.79 Cr, including ₹40 Cr earlier.
• Resolution plan envisages total funding of ₹105.43 Cr.
• Remaining steps include balance NCD subscription, bonus preference shares and ₹29.28 Cr ICD extension.
• Securities are proposed to be transferred to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund after completion of conditions.
WELSPUN CORP: SIGNS MOU FOR PIPE FACILITIES IN JORDAN
• Welspun Corp and Perma-Pipe sign MOU with Jordan Government and National Water Carrier Project developers.
• Parties plan to establish a JV for pipe manufacturing & advanced coating in Jordan.
• Facility to cater to water, oil & gas, energy and infrastructure projects.
• Proposed platform could serve opportunities across Jordan and wider Middle East markets.
• Investment, JV structure, capacity and timeline are yet to be finalised.
• Welspun Corp and Perma-Pipe sign MOU with Jordan Government and National Water Carrier Project developers.
• Parties plan to establish a JV for pipe manufacturing & advanced coating in Jordan.
• Facility to cater to water, oil & gas, energy and infrastructure projects.
• Proposed platform could serve opportunities across Jordan and wider Middle East markets.
• Investment, JV structure, capacity and timeline are yet to be finalised.
IRAN'S QALIBAF SAYS IF U.S. SIEGE IS INTENSIFIED, WE WILL DEFINITELY RESPOND MILITARILY - IRANIAN MEDIA
ROUTE MOBILE: APPOINTS NEW CEO FOR MASIV
• Masiv appoints Marko Erkic as CEO, effective September 1, 2026.
• Erkic brings extensive experience across digital communications, telecom and technology, with strong LATAM exposure.
• Previously held senior roles at Infobip, Fora Solutions and Minka.
• Appointment aims to accelerate CPaaS growth across Latin America and strengthen omnichannel communication capabilities.
• Masiv is a key CPaaS business within Route Mobile’s portfolio.
• Masiv appoints Marko Erkic as CEO, effective September 1, 2026.
• Erkic brings extensive experience across digital communications, telecom and technology, with strong LATAM exposure.
• Previously held senior roles at Infobip, Fora Solutions and Minka.
• Appointment aims to accelerate CPaaS growth across Latin America and strengthen omnichannel communication capabilities.
• Masiv is a key CPaaS business within Route Mobile’s portfolio.
KFIN TECHNOLOGIES: EXPANDS SENIOR MANAGEMENT RESPONSIBILITIES
• Praveen Shankaran, COO – Domestic Fund Services, will also head the Fund Accounting function from September 1, 2026.
• Marudheri Shankaran Chandrasekhar, Chief of Fund Accounting Platform, gets a 1-year tenure extension till August 31, 2027.
• Changes aim to strengthen leadership and continuity across KFin Technologies’ fund accounting operations.
• Praveen Shankaran, COO – Domestic Fund Services, will also head the Fund Accounting function from September 1, 2026.
• Marudheri Shankaran Chandrasekhar, Chief of Fund Accounting Platform, gets a 1-year tenure extension till August 31, 2027.
• Changes aim to strengthen leadership and continuity across KFin Technologies’ fund accounting operations.
HERO MOTOCORP: AUGUST DISPATCHES RISE TO 5.68 LAKH UNITS
• Total dispatches: 5,68,398 units, up from 5,53,727 units YoY.
• Domestic dispatches: 5,42,305 units | Exports: 26,093 units.
• Motorcycles: 4,93,851 units | Scooters: 74,547 units.
• Domestic ICE business saw 18% YoY VAHAN retail growth.
• VIDA dispatched 25,558 units, with 38% VAHAN growth.
• Overall VAHAN retail growth stood at 19% YoY, ahead of the festive season.
• Total dispatches: 5,68,398 units, up from 5,53,727 units YoY.
• Domestic dispatches: 5,42,305 units | Exports: 26,093 units.
• Motorcycles: 4,93,851 units | Scooters: 74,547 units.
• Domestic ICE business saw 18% YoY VAHAN retail growth.
• VIDA dispatched 25,558 units, with 38% VAHAN growth.
• Overall VAHAN retail growth stood at 19% YoY, ahead of the festive season.
US TREASURY SECY
Hormuz will become 'worthless piece of water'
Strait of Hormuz will be 'bypassed' in 2 years
Oil will be going on land pipelines, not via Hormuz
85%-90% of Iran factories have ability to rebuild
Iran probably has world's 3rd-greatest energy resource
Sanctions plus blockade on Iran will work
Probably to announce bank sanction this week and next
Hormuz will become 'worthless piece of water'
Strait of Hormuz will be 'bypassed' in 2 years
Oil will be going on land pipelines, not via Hormuz
85%-90% of Iran factories have ability to rebuild
Iran probably has world's 3rd-greatest energy resource
Sanctions plus blockade on Iran will work
Probably to announce bank sanction this week and next
US TREASURY SECY
Zero tolerance for Iran, will economically strangle it
Great support from EU, ECB, UK, UAE, Bahrain
Iran sanctions could be on airline leasing companies
We'll be looking at airline leasing COS
Discussing cooperation with China on Iran
Iran has chance to come back into global system
Iran's protective shield had to be taken out
Zero tolerance for Iran, will economically strangle it
Great support from EU, ECB, UK, UAE, Bahrain
Iran sanctions could be on airline leasing companies
We'll be looking at airline leasing COS
Discussing cooperation with China on Iran
Iran has chance to come back into global system
Iran's protective shield had to be taken out
CCI
Clears Kids Clinic buyout of Apollo Specialty Hospitals
Approves Kids Clinic India buyout of Apollo Fertility
Clears Kids Clinic buyout of Apollo Specialty Hospitals
Approves Kids Clinic India buyout of Apollo Fertility
RACL GEARTECH:
CO MD GUIDES FOR 15-20% REVENUE GROWTH, TARGETS ₹77 CRORE CAPEX FOR HEAT TREATMENT REPLACEMENT AND CAPACITY EXPANSION
CO MD GUIDES FOR 15-20% REVENUE GROWTH, TARGETS ₹77 CRORE CAPEX FOR HEAT TREATMENT REPLACEMENT AND CAPACITY EXPANSION
OPTIMYSTIX ENTERTAINMENT: LAUNCHES NEW SEASON OF ‘CRIME PATROL’
• Optimystix produces the new season of Crime Patrol – Crime Ka Current Season for Sony Entertainment Television.
• Ajay Devgn joins as special host and anchor.
• Show premiered on August 31, 2026, airing Monday–Thursday after KBC.
• Also streaming on Sony LIV for wider TV & OTT reach.
• Optimystix has been associated with the Crime Patrol franchise for over 16 years.
• Optimystix produces the new season of Crime Patrol – Crime Ka Current Season for Sony Entertainment Television.
• Ajay Devgn joins as special host and anchor.
• Show premiered on August 31, 2026, airing Monday–Thursday after KBC.
• Also streaming on Sony LIV for wider TV & OTT reach.
• Optimystix has been associated with the Crime Patrol franchise for over 16 years.
SATANI BEARINGS: WINS ₹376.57 CR ORDERS
• Receives 2 service orders worth ₹376.57 Cr including GST from National Engineering Industries.
• Jaipur order: ₹125.49 Cr
• Vadodara order: ₹251.08 Cr
• Orders dated August 25, 2026.
• Orders are from a domestic entity and not related-party transactions.
• Receives 2 service orders worth ₹376.57 Cr including GST from National Engineering Industries.
• Jaipur order: ₹125.49 Cr
• Vadodara order: ₹251.08 Cr
• Orders dated August 25, 2026.
• Orders are from a domestic entity and not related-party transactions.