Savings Effect

➡️ Growth engines fire while war, tariffs rock the world ➡️ Power deficit soars as farmers crank up pumps in dry Aug ➡️ Merger math haunts HDFC as it prepares for leadership reset ➡️ India’s valuation premium fades, raising its appeal ➡️ FCNR lifts RBI’s firepower, but rupee has gained little

Reliance Industries: Jio Platforms has received the observation letter from SEBI on the DHRP for its IPO. The next step is the filing of the Red Herring Prospectus (RHP).

Ather: Ather has launched its Konarc e-scooter, built on the new EL platform. The scooter is priced starting at ₹99,999.

Aurobindo Pharma: US FDA completed its inspection of Apitoria Pharma’s Unit-VI API facility during August 24–28, 2026. The inspection concluded with three procedural observations, with the company required to respond within the stipulated timeline.

Cipla: USFDA has classified the inspection at InvaGen Pharmaceuticals’ Unit 3 facility in the US as Voluntary Action Indicated (VAI), a positive outcome.

Sterlite Technologies: The company signed a long-term supply agreement with a leading hyperscaler for high-density optical fibre cable products. The contract is valued at $288 million (₹2,400 crore).

NBCC India: NBCC and NHPC signed an MoU on August 28, 2026, for the execution of NHPC’s infrastructure projects across India. Projects include residential blocks, residential/commercial infrastructure, office complexes and allied facilities.

Piramal Finance: The company completed its QIP, allotting 99.52 lakh equity shares at ₹2,110/share and raising ₹2,100 crore. Major allottees (>5 per cent) include ICICI Prudential, Kotak, Nippon Life India, Goldman Sachs, BlackRock, Aditya Birla Sun Life, Motilal Oswal, Quant and Axis Mutual Fund.

Oil India: Oil India signed MoUs with four Haryana municipalities for waste-to-energy projects processing 5,000 TPD of waste. The projects are expected to generate 75 TPD of CBG and 50 MW of green power, strengthening its low-carbon energy portfolio.