Technology stocks faced renewed pressure as investors reassessed the risks and valuations surrounding artificial intelligence. SoftBank shares fell sharply after concerns raised by AI leaders over the safety and long-term implications of rapidly advancing AI systems.
BRICS leaders are seeking deeper economic cooperation as the group expands its role in global trade and investment. Chinese President Xi Jinping proposed initiatives covering artificial intelligence, trade and economic cooperation at the BRICS summit.
GRT Jewellers has announced an agreement to acquire a controlling stake in Tribhovandas Bhimji Zaveri (TBZ) for up to Rs.1,033.71 crore.
Technology stocks faced renewed pressure as investors reassessed the risks and valuations surrounding artificial intelligence. SoftBank shares fell sharply after concerns raised by AI leaders over the safety and long-term implications of rapidly advancing AI systems.
Hero Motors is set to enter the primary market this week, with its IPO scheduled to open on September 16 and close on September 18. The company is seeking to raise around Rs.1,000 crore through the issue.
VA Tech Wabag has received an order valued between Rs.100 crore and Rs.250 crore from Reliance Industries. The contract relates to advanced industrial water treatment requirements and adds to Wabag’s order pipeline in the industrial water segment.
Nifty 50 annual returns were +3.0% in 2016, +28.6% in 2017, +3.2% in 2018, +12.0% in 2019, +14.9% in 2020, +24.1% in 2021, +4.3% in 2022, +20.0% in 2023, +8.8% in 2024, +10.5% in 2025 and -9.9% in 2026 YTD.
Nokia is looking to increase India’s role in its global supply chain and manufacturing operations. The company expects India to become more important as a production base, although high local costs remain a challenge for expanding manufacturing.
Sonaselection India is set to open its IPO on September 17. The company has already filed its Red Herring Prospectus with SEBI, placing it among the mainboard issues scheduled to enter the primary market this week.
Kheria Autocomp is scheduled to open its SME IPO on September 17 and close on September 21. The issue size is around Rs.46.44 crore, with a price band of Rs.96–101 per share.
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