September 23, 2026

TOP NEWS

War update: No real breakthrough for the war in in UN General Assembly. Trump did engage in some diplomacy, but he was also threatening war. He was saying that he needed to make a big decision with respect to Iran’s future but at the same time he said the alternative was that he could annihilate Iran. But he also mentions that at the UN that US officials have had a “very good” meeting with the Iranian delegation. Iran mentioned they heard sound of an explosion near Iran’s Qeshm Island in the Strait of Hormuz, though the cause remains unclear. Fierce fighting has continued between Saudi-backed government forces and the Houthis. Oil is down to $98/barrell. Asian markets opened mixed and gift nifty indicates a 50 points cut on bourses.

HCL Tech: Announced it was selected by M Group, a UK and Ireland essential infrastructure services provider, to modernize IT operations across 200+ locations. HCLTech will deploy its AI Force service transformation platform to deliver AI-led managed services across infrastructure and end-user operations. The engagement supports M Group's digital transformation across water, energy, transport, telecom, defense, and public sectors, marking a significant large-scale deployment of HCLTech's AI Force platform in critical infrastructure.

Sugs Lloyd: Receives ₹213 crore order for LT/HT Infrastructure Works under RDSS to be executed within 15 months. The work includes supply, installation, and commissioning of both low tension and high tension power distribution infrastructure. The project covers parts of Pathankot and Gurdaspur districts and is expected to be completed within 15 months from the award date

IRB Infrastructure Developers: The Board of IRB Infrastructure Developers has granted in-principle approval and authorised the company to monetise its non-core assets through the phased development of land parcels measuring around 350 acres, out of the total 1,100 acres owned by Aryan Infrastructure Investments (AIIPL) at Taje and Pimpaloli villages in Pune district. The initiative also includes the redevelopment and rehabilitation of part of the land parcels measuring around 3,500 square meter.

Cupid: Raises FY27 revenue guidance to Rs 725–750 Cr and net profit guidance to Rs 210–225 Cr. FY28 revenue guidance at Rs 1,085 Cr; FY29 revenue guidance at Rs 1,500 Cr. Targets Rs 150 Cr FY27 revenue from distribution expansion and sees Rs 500 Cr annual revenue potential.

Hindustan copper: Copper futures surge to their highest level on record, now up another +22% this year. This puts copper prices up over +70% since January 2025.

Pudumjee Paper: Government has extended anti-dumping duty from China on décor paper, this should support pricing

Vedanta & NMDC : The Mines Ministry will shortly roll out an incentive scheme to boost domestic processing of lithium processing. Lithium is a key input for lithium-ion batteries used in electric vehicles, consumer electronics and energy-storage systems, valued for its light weight and high energy storage potential. Nickel, essential for stainless steel, also supports high-energy 

Engineers India: Bags USD 450 Million Kenya Contract. Engineers India signed a contract worth over USD 450 million to provide project management and EPCM consultancy for Dangote Group's planned Kenya refinery project.

Arvind SmartSpaces: Announces bookings of over Rs 500 Cr in Bengaluru project; bookings achieved within 30 days of launch. Project was acquired outright in February 2026 and has topline potential of Rs 860 Cr.

Persistent systems: Acquired another 61% of Nagarro, taking its total stake to 83% and paving the way for a planned delisting of the German IT company. The company is also working on a funding plan of up to $1.25 billion as it prepares for the next stage of the proposed Nagarro acquisition

OTHER NEWS

Aditya Infotech: Opened its Qualified Institutions Placement (QIP) of equity shares (face value ₹1 each) on 22nd Sep'26. The QIP Committee fixed the floor price at ₹3,648.43 per share, based on SEBI ICDR regulations, with the relevant date set as 22nd Sep'26. The company may offer a discount of up to 5% on the calculated floor price at its discretion.

Sapphire Foods: Receives GST show-cause notice of Rs 516.84 Cr under Tamil Nadu SGST Act for April 2023–March 2024. Receives another GST show-cause notice of Rs 21.47 Cr for FY23.

LG Electronics India: Expects double-digit growth in festive sales; ramps up exports by adding new markets for premium product portfolio. Expects overseas markets to contribute double-digit share of overall revenue in coming years.

Hindalco/Nalco: Anti-dumping duty extension for another 5 years — flat rolled aluminium products coming from China.