India Tech & Infra
Good Evening,
Markets witnessed a day of minor cuts following a rangebound trading session, as various factors influenced the indices' performance. Nifty 50 held onto the 20,100 mark, primarily driven by gains in the automobile and PSU sectors.
Let's dive in.
Markets:
Cbdt Extends Due Date For Filing Of Form 10b/10bb For Fy23 To Oct 31, 2023 || Due Date For Furnishing Of Itr In Form Itr-7 For The Ay 2023-24 Also Extended To Nov 30, 2023
Fii Sell Net Rupees 1236.51 Cr Of India Shares Today || Dii Buy Net Rupees 552.55 Cr @nseindia
Tata Motors: Co To Increase Prices Of Its Commercial Vehicles. The Price Increase Is To Offset The Residual Impact Of The Past Input Costs. Co Says It Will Increase Prices Of Its Vehicles, Effective 1 October 2023, Up To 3%. Price Increase Is To Offset The Residual Impact Of The Past Input Costs. Co Says Price Increase Will Be Applicable Across The Entire Range Of Commercial Vehicles
Fitch Ratings - Growth In India’s Commercial-vehicle Sales Volume To Slow To Low-to-mid Single Digits. Fitch Ratings: India’s Commercial-vehicle Volume Growth To Slow As Rising Ownership Costs Amid Additional Regulatory Requirements Weigh On Purchase Decisions
Wipro: Co And Servicenow Join Forces To Improve Risk And Compliance Outcomes || Newly Created “wipro Cybertransform - Intelligent Servicenow Risk And Security Solutions” Will Optimize Clients’ Risk And Security Operations
India Govt: Net Direct Tax Collection At 8.65t Rupees From April 1 To Sept. 16, Up 23.5% Yoy
Reliance: Fitch Affirms Cos' Ratings; Outlook Stable
Steel Cos May Hike Prices By Rs 3000/ton This Week Due To Shortage Of Hrc In Domestic Market
Jubilant Food Appoints Mr Somnath Das In Management Role. Mr Das Has Worked For Pepsico And Reliance Retail
Ntpc: Co's Mining Arm Ntpc Mining Ltd To Explore Sourcing Of Battery Minerals Overseas - Rtrs. Co To Explore Cobalt, Nickel, Uranium Mining
Indian Mutual Fund Cautions Against Excessive Enthusiasm In Small And Midsize Company Stocks - Nippon Life Amc
Vodafone Idea: Co Pays Rs 1701 Crore To Dot For 5g Spectrum Acquired In 2022 Auction
Nse India Introduces Investor Risk Reduction Access (Irra), To Be Provided Jointly By All Exchanges || Investors Can Square Off Outstanding Positions Using A Common Platform Under Irra
Irra Will Not Be Available For Algo Trading And Institutional Clients
Tech & Infra:
India constructs world’s highest railway bridge in Jammu & Kashmir. Chenab river bridge is taller than the Eiffel Tower, this infra marvel will be inaugurated by year end.
Australia's University of Wollongong (UOW) is planning to set up its international branch campus at GIFT City, Gujarat. Team from UOW visited Gandhinagar today.
India is in talks with 22 countries for bilateral trade in Rupee - Nirmala Sitharaman.
Union government is working on a PLI scheme worth 12,000 crore for heavy machinery used in mining and construction.
Brazil to offer technology share on ethanol production to India, to settle disputes with India on the sugar industry.
Tech giants Google, Capgemini will be setting up officies in the domestic region of GIFT city, Gujarat.
iPhone maker, Foxconn aims to double its investment into India, highlighting an accelerating manufacturing shift away from China.
American investor and manager, Ray Dalio predicts India to be the fastest growing economy in next 10 years.
US President aspirant 'Vivek Ranaswamy' plans to end H-1B visa system. Says, lottery system needs to be replaced by meritocratic admission.
Micron Technology plans to set up more semiconductor assembly and packaging units in India apart from proposed plant in Sanand, Gujarat.
Reliance Jio is set to introduce its wireless internet solution called Jio AirFiber on September 19.
Macro:
US stocks dropped ahead of this week’s Fed policy meeting
The Nasdaq led indices with a 1.56% decline
Asian stocks mostly closed higher after China’s August economic data was better than expected
China's economy shows signs of stabilizing but property slump threatens outlook (RT)
Brazil calls on rich nations to pay for global energy transition (BBG)
Tech trade is showing cracks, higher rates for longer spell more trouble (WSJ)
Hollywood is paying steep price for never really figuring out the streaming model (CNBC)
Debt swaps arranged by Credit Suisse, BofA come under scrutiny (BBG)
France to allow selling fuel at loss to curb inflation (BBG)
EU may become as hooked on China batteries as it was on Russian energy (RT)
Grain ships head for Ukraine Black Sea port, defying Russia (BBG)
White House team to go to Detroit ‘early this week’ to help resolve UAW strike (CNBC)
Flood of Russian wheat halves world prices from wartime high (BBG)
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