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TRUMP: WE MAY HIT PICKAXE VERY SOON
GREAVES COTTON : CREDIT RATING AFFIRMED

• India Ratings affirmed Long-Term Issuer Rating at IND AA-.

• Outlook: Stable.

• Bank loan facilities of ₹120 Cr rated IND AA-/Stable – Assigned.

• Bank loan facilities of ₹83 Cr rated IND AA-/Stable – Affirmed.
📋 MAJOR CONTRACT WINS : SEPTEMBER 04, 2026

🔹 RVNL – ₹903.01 Cr railway siding project in Bihar.

🔹 MARINE – ₹280.77 Cr orders for power distribution systems.

🔹 NLCINDIA – Subsidiary wins 275 MW / 550 MWh battery energy storage project.

🔹 MAZDOCK – ₹117.99 Cr order for AI-based Infrasecure Project.

🔹 DHRUV – Highway amenities project secured, strengthening order book.

🔹 BRGIL – ₹108.68 Cr work order from NHAI.

🔹 SBC – US$2.3 Mn + ₹7.5 Cr garment export orders.

🔹 ACCORDTS – ₹50.80 Lakh transformer supply orders.

🔹 JHACC – New solar power plant capacity-based order received.
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COHANCE : USFDA INSPECTION AT SHAMSHABAD PLANT COMPLETED

• USFDA inspection conducted from Aug 27–Sep 4, 2026 concluded with 4 observations.

• Company has initiated CAPA (Corrective & Preventive Actions) and will respond within the stipulated timeline.

• Company remains committed to quality & regulatory compliance.

Impact: NEUTRAL
PIYUSH GOYAL INVITES GLOBAL AUTO MAJORS TO “MAKE IN INDIA”

Commerce Minister Piyush Goyal has called on major global automakers to manufacture in India and use the country as a global export hub, rather than focusing only on the domestic market.
DELHI AIRPORT WATERLOGGED AFTER HEAVY RAINFALL

IGI AIRPORT’S TERMINAL 2 & 3 HIT BY WATERLOGGING as heavy rain lashed Delhi on Friday.
HOUSING PROJECT CONSTRUCTION COSTS SURGE 34%
RBI TO LOCK UP EXCESS BANKING CASH FOR LONGER AMID RECORD LIQUIDITY GLUT

The RBI will conduct a ₹7 lakh crore, 30-day variable-rate reverse repo (VRRR) auction on September 7 to absorb excess liquidity. This is a longer-duration operation than its recent 15-day auctions.
TataMotors Launches Tender Offer For IvecoGroup Share At EUR 14.1/ Share

➡️The Offer values Iveco Group at approximately EUR 3.82 Bn

➡️TML CV HS Signed A Debt Commitment Letter With MS & MUFG Bank For Bridge Financing

➡️Exor, Iveco's Largest Shareholder, Has Also Irrevocably Committed To Support The Transaction

➡️Exor Has Tendered Its 27% Stake In Iveco's Common Shares & 43.19% Of Its Voting Rights

➡️Full And Unanimous Support And Recommendation By The Iveco Board

➡️Tender Offer Opens On September 7, Iveco Shareholders To Vote In October

➡️Tata Motors Targets Global CV Scale
One of the largest VRRR auctions in recent memory 👇🏽

RBI to absorb Rs 7 trn liquidity via 30-day VRRR auction on Sep 7

Funds from the VRRR auction to reverse on Oct 7

Banks can seek premature reversal of funds, for the first time

Partial reversal of VRRR bids will be allowed