*Financial News*
Source: Leading newspapers
*Compiled by Rudra Shares*
Vande Mataram
Wednesday, 02 September 2026

*Commodities*
• Silver (Spot): Rs 2,31,108
• Gold (Spot): Rs 1,52,796
• Centre raises windfall tax on petrol exports to Rs 1.5/litre, cuts ATF duty to Rs 19/litre

*Market & Economy*
• India manufacturing PMI falls to 5-year low in August as demand weakens
• Healthy consumption: GST collections surge to Rs 2 lakh crore, car sales jump 36%
• Strong start to FY27, but headwinds ahead; full-year GDP growth seen at 6.8%
• FIIs turn net buyers with Rs 1,143 crore inflow on September 1; DIIs buy Rs 1,847 crore

*Automobile & Electric Vehicles*
• India EV sales jump 51% in August as robust demand drives electric car and 2W market growth
• August PV wholesale dispatches jump 36% as demand momentum strengthens ahead of festive season
• India's passenger vehicle retail sales to cross 50 lakh units in 2026: FADA President

*Infrastructure & Capital Goods*
• NHAI gets 17 bids for ₹8,300 crore Odisha coastal highway project
• Nalco gears up for next growth phase, steps up ₹30,000 crore expansion

*Banking & Financial Services*
• Ujjivan SFB approves MD Sanjeev Nautiyal's request of early retirement on health grounds
• Coal India subsidiary Mahanadi Coalfields files draft papers for IPO

*IT & Technology*
• Companies struggle to derive real value from AI: Wipro CTO Sandhya Arun
• Tata Elxsi inks pact with Sarla Aviation to make air taxi platform Shunya

*Consumer & FMCG*
• Nestle to divest mainstream supplements business for $1 billion
• Reliance Consumer Products enters ice cream market with launch of Bombay Creamery
• UBL sees positive demand momentum in Q2, invests ₹110 cr in Maha brewery

*Corporate & Industry*
• Man Infra board approves share buyback, stock rises
• Vi gets a new look, ropes in Shah Rukh Khan for brand transformation
• Sugar stocks crash as govt halves dealer stock limit to curb hoarding; Dwarikesh, Uttam lead losses
• Waaree Energies: Revenue growth strong, margin recovery holds the key
• Polycab, KEI shares fall as UltraTech Cement forays into wires and cables segment with production launch in Gujarat
• DGCA audits major airlines after spate of incidents; FAA set to review Indian regulator

*IPO & Listing Updates*
• Strong market debut: Hy-Tech Engineers shares list at 41% premium on NSE
• Skyways Air Services shares list at 9% discount to IPO price on NSE, BSE
• ESDS Software IPO subscribed 136x on Day 3; GMP at 58%
• Veegaland Developers IPO to open on September 10 with price band at Rs 130-140 per share
• Pranav Constructions IPO to open on September 7; fresh issue size at Rs 315.6 crore
• Priority Jewels IPO booked 100x on last day of bidding; GMP at 22%
• Deepa Jewellers IPO: Issue subscribed 86% on opening day; GMP at 31%
• Purple Style Labs IPO subscribed 24% on Day 2; retail investors lead demand
• Rays of Belief IPO fully subscribed on Day 1; retail portion booked 6.5x
• Paluck Technologies IPO subscribed 253 times on final day; GMP spikes over 40%
• Symbiotec Pharmalab shares make flat debut on exchanges

*Political & Legal*
• BJP launches 175-km Ballari padayatra keeping 2028 assembly polls in sight
• PILs being used as 'weapon': Calcutta HC on plea over Mamata Banerjee's 'comments' at rally
• EVM vote secrecy: Supreme Court asks Centre to examine totaliser machines
• Rebel Trinamool Congress MPs write to Om Birla, seek more time to reply to notice
• Supreme Court quashes FIRs against student protesters
• NCLT bars Subhash Chandra from disposing of properties in insolvency case

*Jai Hind*
*Rudra Hai to Mudra Hai*
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