International commodity markets traded mixed, with precious and industrial metals largely advancing while energy prices showed divergent trends.
Overall, market sentiment reflected stronger demand for metals alongside notable selling pressure in crude oil.
Jaykay Enterprises: Secured an order worth ₹60.01 crore.
Sadbhav Engineering: SBI and ICICI Bank have joined the company’s debt-restructuring plan, supporting its financial resolution process.
Canara HSBC Life Insurance: Entered into a corporate agency agreement to distribute its insurance products through HSBC’s IBU branch in GIFT City.
Sai Parenteral’s: Noumed Pharmaceuticals renewed its three-year over-the-counter products supply agreement valued at A$30 million.
Advait Energy Transitions: Secured an order worth ₹135 crore.
Indian Metals and Ferro Alloys: Commenced production at its greenfield ferrochrome project in Kalinganagar.
NBCC (India): Secured an order worth ₹122 crore.
Kothari Industrial Corporation: Received two letters of award for food-service contracts in Tamil Nadu aggregating ₹5.84 crore.
Relicab Cable Manufacturing: Secured a control-cables contract worth ₹8.26 crore.
Garg Furnace: Its subsidiary commissioned Phase I of an alloy-steel forgeable billets manufacturing facility in Ludhiana.
Aptech: Secured a contract valued at ₹7.23 crore.
Shayona Engineering: Received an order worth ₹24 lakh.
ARSS Infrastructure Projects: Secured an order worth ₹104 crore.
Cyient: Received Competition Commission of India (CCI) approval for its acquisition of Tao Digital Solutions.
TechEra Engineering (India): Secured an order worth ₹1.43 crore.
CEAT: The Competition Commission of India (CCI) found no contravention by the company in a bid-rigging case.
Shree Hari Chemicals Export: Reappointed Bankesh Chandra Agrawal as Chairman and Managing Director.
United Heat Transfer: Appointed Hitesh Dnyaneshwar Haldankar as Chief Financial Officer.
UCO Bank: The government extended the tenure of Managing Director and CEO Rajendra Kumar Saboo by three months.
Welspun Investments: Proposed divestment of up to 68 lakh shares in Welspun Corp through a floor price of ₹2,250 per share.
Laxmi India Finance: Approved the issuance of non-convertible debentures aggregating up to ₹100 crore.
Vodafone Idea: Clarified that the reported delay involving a ₹53 crore income-tax refund is related to a routine tax matter.
Vibhor Steel Tubes: Its subsidiary will acquire land for approximately ₹20.08 crore.
JMJ Fintech: The board will consider postponing the proposed preferential issue of equity shares.
Fedbank Financial Services: Proposed raising up to ₹2,500 crore through debt instruments.
Varun Beverages: Will establish a joint venture in Tunisia for beverages and incorporate a wholly owned Indian subsidiary for ready-to-drink alcoholic beverages.
TVS Motor Company: Appointed Marcel Driessen as Division Head–Europe to lead the company’s next phase of regional growth.
Unitech: The government appointed Girdhar Aramane as Chairman and Managing Director.
Hindustan Copper: The government will exercise the entire 3% greenshoe option under the company’s offer for sale.
Indian Markets: The Sensex closed 0.37% higher, while the Nifty 50 also ended in positive territory amid easing crude-oil prices and derivatives-expiry-led volatility.
Indian Rupee: Gained 0.3% to close at ₹95.4075 against the US dollar, recording its strongest single-day rise in nearly a month.
Government Bonds: India’s 10-year benchmark government bond yield eased to 6.8488% from the previous close of 6.8708%.
Fragrance Industry: Givaudan, dsm-firmenich, and International Flavors & Fragrances reportedly face a second Indian antitrust case related to alleged price collusion; an investigation report was recalled after unredacted confidential information was discovered.
Commodity Markets: Coffee prices declined after surging nearly 6% on Monday, while sugar and cocoa also traded lower.
Indian Sugar Industry: Falling domestic sugar prices have weakened mills’ appetite for duty-free imports, with mills and refiners expected to import only around half of the one-million-tonne quota.
RBI — Deposit Interest Rates: Issued amended directions governing deposit interest rates for commercial banks, small finance banks, local area banks, regional rural banks, and urban and rural co-operative banks.
RBI — CRR and SLR: Issued amended cash reserve ratio (CRR) and statutory liquidity ratio (SLR) directions for commercial banks, small finance banks, regional rural banks, and urban and rural co-operative banks.
RBI — Foreign-Currency Deposits: Brought forward to August 31, 2026, the deadline for CRR and SLR exemptions on fresh eligible foreign-currency non-resident deposits; the temporary relaxation on foreign-currency deposit interest rates will also apply until that date.
RBI — Liquidity Operations: Will conduct a ₹2 lakh crore overnight Variable Rate Reverse Repo (VRRR) auction under the liquidity adjustment facility on August 27, 2026.
RBI — NBFC Regulations: Revised the Large Exposure Framework for upper-layer Infrastructure Debt Fund–NBFCs and issued its fourth amendment directions on concentration-risk management.
RBI Bulletin: Reported resilient industrial and services activity, strong domestic demand, improved system liquidity, and easing financial conditions supporting credit and investment, despite geopolitical and trade uncertainties.
RBI Forex Operations: The central bank bought a net $561 million in the spot foreign-exchange market during June, while outstanding net forward dollar sales stood at $103.33 billion at June-end.
Indian Basket Crude: The RBI Bulletin reported an increase in the Indian basket crude-oil price during August; the supplied figure appears incomplete and requires source verification.
SEBI — Illiquid Stock Options: Issued an adjudication order concerning the late Bhagwati Prasad Deora in relation to dealings in illiquid stock options on the BSE.
India–China Relations: National Security Adviser Ajit Doval and Chinese Foreign Minister Wang Yi reviewed bilateral momentum, discussed boundary delimitation and transboundary cooperation, and explored ways to expand cooperation while maintaining peace and stability along the border.
India–China Border Talks: Both sides agreed to handle border issues through dialogue and consultation and hold the next round of boundary discussions in India in 2027, according to Xinhua.
China Foreign Ministry: Called for dialogue, peace, and cooperation to guide bilateral ties and said the boundary issue should be placed in an “appropriate position” within the broader India–China relationship.
Indian Coast Guard: Deployed additional assets to search for 22 missing crew members after a ship sank in the Bay of Bengal; a lifeboat and emergency beacon were recovered, but no survivors were found at the time of the update.
Volkswagen India: The company’s challenge to a federal tax demand of approximately $1.4 billion is reportedly set to be heard again by an Indian court.
CBAK Energy Technology: Is discussing a potential large-volume battery-cell order in India, with delivery expected to be completed during calendar year 2027.
Indian IT Industry: Industry representatives urged the United States to consider the economic benefits of the H-1B visa programme amid proposals for a substantial new fee.
Air India: Reportedly sought around $1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines as losses mount; funding is required immediately and is likely to be provided in tranches.
Bangladesh: Could consider joining the Mecca pact, a move that may test the country’s evolving foreign-policy relationships.
