Gift Nifty indicates a weak opening today.

Asian stocks wobbled on Wednesday as investors gear up for U.S. inflation data and an eagerly awaited U.S. presidential debate, while oil prices loitered around three-year lows on concerns over a weak demand outlook.
The domestic benchmark indices opened higher yesterday and, after initial volatility, demonstrated strong buying interest, with the Nifty closing on a positive note at 25,041.
Wall Street’s benchmark S&P 500 index closed up 0.5 percent on Tuesday but concerns about slowing economic growth stunted gains and the Dow dipped as bank stocks sank after warnings of current-quarter weakness while energy shares tumbled.
The Dow Jones Industrial Average fell 92.63 points, or 0.23 percent, to 40,736.96, the S&P 500 gained 24.47 points, or 0.45 percent, to 5,495.52 and the Nasdaq Composite gained 141.28 points, or 0.84 percent, to 17,025.88.

Stocks in the news today :

Reliance Industries: India’s most valuable firm, has now tied up with Israel’s Delta Galil Industries. Reliance Retail and Delta Galil have announced a 50/50 partnership to launch an apparel innovation platform.
Positive for the stock.

Dixon Technologies: Electronics manufacturing player Dixon Technologies got a thumbs up from two international brokerages following its subsidiary Padget Electronics’ deal with HP India to manufacture notebooks, desktops, and all-in-one PCs for HP. CLSA, HSBC raise target price on Dixon Technologies following HP India deal, see 12% upside.
Positive for the stock.

Dr Reddy’s :
Dr Reddy’s Laboratories (DRL) on Tuesday issued a clarification after the Congress party alleged that the company benefited from its association with Sebi chairperson Madhabi Puri Buch’s husband Dhaval via Agora Advisory Pvt Ltd.

Vodafone Idea :
Vodafone Idea has in recent weeks approached state-owned lenders Power Finance Corp. (PFC) and REC Ltd for loans to meet medium-term funding requirements.

Indigo :
The Bureau of Civil Aviation Security (BCAS) has reduced the quantum of penalty imposed on the company from Rs 1.2 crore to Rs 70 lakh.

Oil India :
Oil India (OIL), ONGC Videsh (OVL), and Khanij Bidesh India (KABIL) signed an MoU with IRH, UAE for global cooperation in the critical mineral supply chain.

HDFC Bank
The RBI imposed a Rs 1 crore penalty on HDFC Bank for non-compliance with certain directions issued by RBI on interest rates on deposits.

Pidilite Industries :
Pidilite Industries has clarified the association of Dhaval Buch, Agora Advisory with the company.

Ramco Systems
Ramco Systems has announced the launch of Aviation Software 6.0 for smarter aircraft management.

Jubilant Pharmova
US FDA classified Jubilant Pharmova’s arm Jubilant HollisterStier LLC contract manufacturing facility at Spokane, Washington, as voluntary action indicated (VAI).

IREDA: The state-run financial player’s wholly owned subsidiary- IREDA Global Green Energy Finance IFSC- has been granted provisional registration as a finance company at Gift City on September 4 by the International Financial Services Centre Authority (IFSCA).

YES Bank: The board of directors of the private lender has approved the appointment of Manish Jain, Country Head of wholesale Banking, as an Additional Director and Executive Director (Whole-Time Director) for three years.

IREDA: The state-run financial player’s wholly owned subsidiary- IREDA Global Green Energy Finance IFSC- has been granted provisional registration as a finance company at Gift City on September 4 by the International Financial Services Centre Authority (IFSCA).

YES Bank: The board of directors of the private lender has approved the appointment of Manish Jain, Country Head of wholesale Banking, as an Additional Director and Executive Director (Whole-Time Director) for three years.

Dixon Technologies: The Competition Commission of India (CCI) has approved the agreement with Aditya Infotech Limited (AIL) to acquire 6.5 percent of its equity by transferring 95 lakh shares from the JV Company.

Medplus Health Services: Optival Health Solutions, a subsidiary of the pharmacy retail player, has received two suspension orders for drug licenses at its Bangalore stores.

Oil India: The oil production player has signed a memorandum of understanding (MoU) with OVL & KABIL and International Resources Holding RSC Ltd. (IRH), UAE, for global cooperation in critical mineral supply chains.

InterGlobe Aviation: The Bureau of Civil Aviation Security (BCAS) has reduced the Rs 1.2 crore penalty on the budget carrier to Rs 70 lakh following an appeal. The reduced penalty has been paid on September 10, 2024.

Bhageria Industries: The dyes and pigment maker has received a show cause cum demand notice from the Commissioner of CGST, Palghar, alleging a tax demand of Rs 2.09 crore. The company plans to file an appeal before the Commissioner (Appeals) against the order before the due date.

Genus Power: The electrical equipment maker established two wholly-owned step-down subsidiaries on September 10, 2024. The new subsidiaries are Genus Shekhawati Smart Metering Solutions SPV Private Limited and Genus Marwar Smart Metering Solutions SPV Private Limited.

UCO Bank: The state-run lender’s Asset Liability Management Committee (ALCO) has revised the MCLR and TBLR rates, effective September 11, 2024. The new MCLR rates are 8.20 percent for overnight, 8.40 percent for one month, 8.55 percent for three months, 8.85 percent for six months, and 9.00 percent for one year.

Ashoka Buildcon: The civil construction company has sold its 90 percent stake in ABL Indira Projects JV LLP, a joint venture with Indira Projects & Development (Tamil Nadu) Private Limited, for a Maldives project. The stake was sold for Rs 5.44 crore, and payment has been received.

JSW Energy: The office of the Principal Commissioner, CGST and Central Excise, Kolkata, has imposed a penalty of Rs 54.99 lakh on the JSW Group form for allegedly incorrectly availing input tax credit (ITC) during the financial year 2019-20.

Astra Microwave Products: The defense player has signed a Memorandum of Understanding (MoU) with Premier Explosives Limited, Hyderabad, for a strategic alliance to develop and sell multiple products jointly.

Izumo: The automotive software solutions player has launched gizmo Microsystems, a subsidiary focused on semiconductor packaging and manufacturing in Bangalore