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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.


  • 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.



  • 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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