August 24, 2026

TOP NEWS

War update: The Iranian parliament’s backed a draft law stipulating that ships of countries permitted to pass through the Strait of Hormuz will pay for services provided by Tehran. Israeli forces have carried out several deadly strikes across Gaza, including on a warehouse near the Maghazi refugee camp. Oil prices down by 1 odd % to $92/ barrel as US is due to hold a news conference on Monday afternoon to announce the sanctions. Asian market opened up marginally negative. Gift nifty indicates a positive start with almost 100 point on bourses.

Kaynes Technology: Signed a strategic MoU with BOSGAME to build a strong computing presence in India. BOSGAME brings intelligent computing products — Mini PCs, laptops, tablets & monitors. Kaynes brings design, engineering, manufacturing, testing & supply-chain capabilities. Focus on product localisation, value addition & Indian market channels Potential to deepen Kaynes’ presence in the IT hardware & computing ecosystem.

Acutaas Chemicals:  Rs 212 cr capex cleared for a new electronic grade chemicals plant in Gujarat. Up to 81,000 MTPA by FY28.

Jubilant Pharmova's wholly owned subsidiary, Jubilant HollisterStier, has received USFDA clearance to begin commercial production on its newly expanded Line 3. The approval allows the commercialization of the $132 million sterile injectables line, supporting the group's broader onshore capacity expansion strategy in North America.

Manappuram Finance: Gold prices extended gains on Monday to hit their highest level in more than three months, as investors looked ahead to U.S. inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. Positive for Manappuram Finance, Muthoot Finance, IIFL Finance, CSB Bank and other gold lending related stocks.

Edelweiss: IRDAI bars life insurers Pramerica, Edelweiss from opening new branches for 6 months. Insurance regulator IRDAI has directed Edelweiss Life Insurance and Pramerica Life Insurance, in separate orders on August 20, not to open new place of business for six months for non-compliance with Expenses of Management (EoM) limits in 2024-25. Negative

Diamond power cables: Secured a significant order valued at ₹52.86 Cr (including GST) from Aurionpro Solutions Limited. This order is for the supply of High Tension (HT) & Low Tension (LT) electrical cables for a hyperscale data centre campus located in Hyderabad. The order comprises approximately 130 km of cables, including 116 km of 1100 V grade copper conductor cable, crucial for high-density server halls, along with 33 kV and 1.1 kV aluminium armoured cables & copper control cables. This contract leverages the company's recently commissioned copper cable manufacturing line, marking an expansion into copper-based cables. The company's current order book for the Data Center segment exceeds Rs 575 Cr, with plans to aggressively target this growing sector.

B.R. Goyal Infrastructure: The company has received a Rs. 151 crore work order from the National Highways Authority of India (NHAI) to operate the Jajau Fee Plaza on the Agra–Gwalior section of National Highway-3 in Madhya Pradesh. The scope includes toll/user-fee collection and maintenance of adjacent toilet facilities, with the contract to be executed over one year.

NTPC Green Energy: Its wholly owned subsidiary - NTPC Renewable Energy - has emerged as the successful bidder in the e-reverse auction conducted by SECI for the selection of renewable energy power developers for assured peak supply of 6,000 MWh from ISTS-connected RE projects in India. It has secured a contracted capacity of 500 MW at a discovered tariff of Rs 6.00/kWh.

OTHER NEWS

Tega Industries: Approved the creation, issue, & offer of 4,78,435 equity shares via preferential issue on private placement to AP Jupiter Holdings II, Ltd. at Rs 1,994 per share, aggregating up to approx ₹95.40 Cr. The fundraise could strengthen Tega Industries’ capital base and support its strategic growth plans.

Real Estate: Sales bookings of 28 major listed developers declined 21% YoY to ~Rs. 40,000 crore in Q1 FY27, largely due to fewer launches, a high base and cautious sentiment. However, 19 developers reported YoY growth, while nine saw a decline, indicating that underlying housing demand remains healthy. Overall, the weakness appears largely launch- and base-driven rather than a broad-based demand slowdown, with sales expected to improve from Q2 as new launches pick up.

Powergrid: Declared the successful bidder for an inter-state transmission system for renewable energy projects in Gujarat under the tariff-based competitive bidding process, with a discovered tariff of Rs 822.91 crore per annum.

Apollo Micro Systems: SEBI has issued a letter concerning the proposed open offer for the acquisition of up to 1.40 crore fully paid-up equity shares of Premier Explosives.

ZEEL: The company announced the allotment of 20.94 crore fully convertible warrants to promoter group entity Sunbright Mauritius Investments Limited on a preferential basis at ₹126 per warrant. The company received ₹659.76 crore, representing 25% of the issue price, while the remaining 75% is payable upon conversion. The warrants are convertible into an equivalent number of equity shares within 18 months from the allotment date (August 21, 2026). Upon full conversion, Sunbright Mauritius Investments Limited is expected to hold approximately 17.9% of the company's diluted equity share capital. The allotment does not result in any immediate change in ZEEL's paid-up share capital.