DayStarter

The day at a glance

Market snapshot

Equities and sectors

Zerodha reported that Nifty opened with a small 37-point gap up at 23,911, despite a strong showing by global markets, as the weak trend in Indian equities continued.

Zerodha said the index initially traded around 23,895–23,900 for 15–20 minutes, but recovered sharply thereafter, moving past 23,960 within the first hour. According to Zerodha, the recovery gathered momentum through the morning, with Nifty steadily climbing towards 23,980 before briefly touching the 24,000 mark around 11:30 AM.

Zerodha reported that the gains proved difficult to sustain, with the index retreating towards 23,960 by noon and towards the 23,930–23,940 zone by around 1 PM. Zerodha said a sharp fall during the closing auction session pushed Nifty below 23,900, and the index closed at 23,897.70, near the day’s low and around 13 points below its opening level.

Sectoral indices

Zerodha’s sectoral indices table for the 4 September close is reproduced in the order published. Nifty Metal, Media and Service closed higher, while Realty, Pharma and IT saw the largest declines.

Winners and losers: F&O stocks

Zerodha published the top gainers and top losers amongst F&O stocks for the session. ANGELONE was the top gainer, rising 4.83%. KEI was the biggest loser, falling 8.95%.

Commodities, currency and bond yields

Among MCX futures, zinc closed higher while gold, silver, crude oil, natural gas, copper and aluminium declined.

Institutional flows

Zerodha published the trend of FII-DII activity over the last five sessions, sourced from NSE. FIIs sold a net ₹3,112 crore on 4 September while DIIs bought a net ₹8,930 crore. Over the five sessions, FIIs were net sellers of ₹5,613 crore while DIIs were net buyers of ₹23,156 crore.

The macro view

GDP methodology and data quality

• India’s GDP figures have come under fresh scrutiny for two reasons: downward revisions to past nominal values, and a lack of transparency regarding the use of the deflator.
• The downward revision of ₹6 trillion in Q1 FY26, or around ₹9 trillion in full FY25, is the result of significant corrections to overestimations that occurred under the old series.
• The statistics ministry introduced a new methodology in 2026, shifting the base year to 2022-23 from 2011-12 after a gap of 10 years, and the IMF had assigned India’s national accounts a ‘C’ rating in November 2025.
• In Q1 FY27 the GDP deflator stood at 2.3% while retail inflation averaged 3.9% and wholesale inflation 9.4%, and the manufacturing deflator was -1.4% at a time when the PPI stood at around 9%.
• GDP data continues to show high discrepancies between production-side and expenditure-side estimates, at around 1.4% of GDP in recent quarters, and the statistics ministry has not started releasing seasonally adjusted data.
• The government constituted a working group under Niti Aayog member Ramesh Chand in January 2025 to review the compilation of the PPI, and the PPI was launched in June with data available only from April 2023.

Interest rates and inflation

• Retail inflation in India topped the RBI’s 4% target to touch 4.4% in June, the first breach in 16 months, due to higher food and energy prices, and inflation is seen at 5.9% in Q3.
• The RBI’s monetary policy panel left the policy rate unchanged at 5.25% at its August meeting, and its members are veering towards a possible hike later this year.
• Panel members have suggested recalibration of policy rates if prices remain elevated and inflation hardens, and they are awaiting more clarity on global developments and weather-related risks.
• Moody’s Ratings said a new macroeconomic regime is driving differentiated repricing across financial assets, with a move towards higher interest rates at the heart of the shift.

Liquidity

• The RBI absorbed over ₹6.02 lakh crore of surplus banking-system liquidity through two three-day VRRR auctions, with banks parking funds at a cut-off rate of 5.24%, as liquidity remained at record highs.
• An RBI 30-day VRRR auction is listed on 7 September to absorb ₹7 trillion of surplus liquidity.

Zerodha AfterMarket Report; Mint

Policy and taxation

• The 57th meeting of the GST Council has been deferred to 7 October from 12 September, according to a senior government official, with preparatory meetings of government officers now on 5 and 6 October.
• This will be the first Council meeting since the Centre and states approved rationalisation of the indirect tax regime at the 3 September 2025 meeting, which moved most goods and services into the 5% or 18% slabs while retaining a 40% rate for select demerit and luxury items.
• The revised GST rates came into effect on 22 September 2025, and there were four main rate slabs of 5%, 12%, 18% and 28% before the overhaul.
• The National Tobacco Control Programme has recommended that the Drugs Technical Advisory Board reject licence applications for manufacturing, importing and marketing new nicotine pouch formulations in 2mg, 4mg and 6mg strengths.
• India said a UN-initiated proposed world map must depict the Union territories of Jammu & Kashmir and Ladakh in accordance with the country’s official map, per external affairs ministry spokesperson Randhir Jaiswal.

Demographics and social policy

• India’s department of consumer affairs is working on a national framework for the elderly population that seeks to promote greater workforce participation, ensure good-quality care and create dementia-inclusive communities.
• Citing Niti Aayog, the number of people aged 60 years and above is projected to rise from 100 million in 2011 to 230 million by 2036, increasing their share of the population from 8.4% to 14.9%.
• The United Nations Population Fund has projected that 346 million Indians, nearly 21% of the population, could be aged 60 or above by 2050.
• HelpAge India’s 2026 research found 38% of older people living alone depended on neighbours for care, 20% relied on family members living elsewhere, and 16% received no care at all.
• India has 705 government-supported senior citizen homes, according to the written reply of minister of state for social justice and empowerment B.L. Verma in the Lok Sabha on 3 February.
• Union minister Virendra Kumar told the Rajya Sabha on 22 July that the National Career Service portal had identified 168,000 vacancies as suitable for candidates aged above 60 years.

Mint; Niti Aayog; United Nations Population Fund; HelpAge India

Energy and infrastructure

• India’s average crude oil import price rose to nearly $100 a barrel, its highest level in three months, with the Indian crude basket at $99.35 a barrel on Wednesday according to the Petroleum Planning and Analysis Cell.
• India’s average petrol benchmark rose to a three-month high of $120.65 a barrel in September 2026 as of Thursday, while the average diesel benchmark rose to a four-month high of $156.44 as of 3 September.
• India imports over 88% of the crude oil it processes, and state-run oil marketing companies control over 90% of the nation’s 103,023 petrol pumps and have kept pump prices largely unchanged.
• The ministry of heavy industries is considering financial incentives for battery-swappable electric trucks under a proposed ₹9,852 crore programme, according to people familiar with the matter.
• The PM E-Drive scheme has allocated ₹500 crore to incentivize 5,643 electric trucks, and only 52 electric trucks had received subsidies as of 6 September according to the scheme’s dashboard.
• Citing Niti Aayog, heavy vehicles account for nearly a third of India’s diesel usage and over 34% of transport-related carbon emissions.
• India had 67,657 EV charging stations and 1,139 battery-swapping stations as of 7 August, per government data, with just nine public chargers above 240 kilowatts.
• India’s infrastructure investment trusts are targeting more than ₹20 trillion in assets by 2030 from a current asset base of about ₹7.3 trillion, according to Bharat InvITs Association chief executive N.S. Venkatesh.
• Roads and highways currently account for about 40% of the InvIT asset base, and their share could fall to 30-35% as newer sectors enter the market.

Mint; Petroleum Planning and Analysis Cell; Niti Aayog

The week ahead

Corporate action and earnings

Market structure and exchanges

• The stock market regulator may look to bring back the old mechanism to settle derivative contracts on expiry days, in a partial revision to the closing auction session introduced a month ago, according to two people aware of the discussions.
• Sebi said on Thursday it will review the settlement process after receiving market feedback, and it may issue a consultation paper on the matter within a week.
• According to the people cited, the daily CAS will continue as before while Sebi may propose settling weekly and monthly derivatives using the previous volume-weighted average price model, or a combination of VWAP and CAS prices.
• CAS debuted on 3 August for 213 stocks eligible for derivatives trading, orders can be placed between 3:20 pm and 3:30 pm, and closing prices are released at 3:35 pm and used for settlement of derivatives at 3:40 pm.
• The Sebi board meeting on 24 September may discuss public feedback on the consultation paper, according to the first person cited.
• SEBI is set to revise the methodology for determining derivative settlement prices following the introduction of the Closing Auction Session, with changes expected within a week.

Mint; Zerodha AfterMarket Report

Exchanges: BSE volumes

• The BSE stock has gained nearly 8% in the last two trading sessions on hopes of Sebi’s review of the closing auction session.
• Post-CAS, the average daily option premium turnover on BSE dropped 26% month-on-month in August to ₹18,672 crore, compared with a 16% fall on the National Stock Exchange to ₹42,332 crore.
• BSE’s average daily option premium turnover in the first four trading sessions of September recovered to ₹26,184 crore, or 40% higher than August.
• Transaction charges are BSE’s largest revenue stream, contributing nearly 78% in the June quarter, with options contributing as much as 95% within transaction charges.
• BSE shares have lost about 23% of their value from the 27 May peak of ₹4,446.80, and the price-to-earnings multiple is now at 43 based on FY27 Bloomberg consensus estimates.

Mint; Bloomberg

Primary market

• 11 main-board companies, including Rentomojo, Karamtara Engineering and Kanohar Electricals, are set to raise ₹7,055 crore through initial public offerings scheduled between 7 September and 15 September.
• Of the ₹7,055 crore, ₹2,722 crore or 39% is primary capital issuance and ₹4,333 crore or 61% is a secondary sale by existing shareholders.
• Pranav Constructions will be the first of the 11 companies to open its IPO for public subscription on 7 September, with an issue of over ₹351 crore and a price band of ₹118-124 per share.
• With these issues, the number of companies launching IPOs in 2026 is expected to rise to 75, including 23 issues launched in August.

Deals and private credit

• Citing EY data, domestic funds accounted for about 74% of private credit deal value and 79% of deal volume in the first half of 2026, while the share of global funds fell to 26% from last year’s 68%.
• Funds including EAAA India Alternatives, Kotak Alternate Assets Managers, Ascertis Credit, Avendus PE Investment Advisors and Neo Asset Management have raised or are targeting about $4 billion across their private-credit vehicles, according to multiple media reports.
• Motilal Oswal Group committed ₹1,500 crore to Inox Clean Energy Ltd, the renewable energy platform of the INOXGFL Group, in a structured private credit transaction last month.
• Offshore lenders face currency hedging costs of roughly 4-5% when dollar-based funds lend in rupees, according to InCred Alternative Investments managing director Ankur Jain.
• Evercore’s 2025 Credit Secondary Market Survey, published in January, said global credit-secondary volumes nearly doubled to $20 billion in 2025.
• Ares Management raised $7.1 billion earlier this year for its debut Ares Credit Secondaries Fund, and Coller Capital’s dedicated credit-secondary fund had exposure to about 1,660 portfolio companies across 34 managers as of March 2026.

Mint; EY

Company news

RPG Life Sciences

RPG Life Sciences has spent ₹215 crore buying two active pharmaceutical ingredient makers in the space of five weeks, and has a further ₹700 crore earmarked for inorganic growth. RPG Active Pharma agreed to buy Visakhapatnam-based Actis Generics for ₹80 crore and signed a pact to acquire the API and intermediates business of Raghava Life Sciences for ₹135 crore, lifting capacity nearly fivefold from about 110 kilolitres to roughly 505 kilolitres. Healthcare private equity firm InvAscent is investing ₹243 crore for a 40% stake in RPG Active Pharma, with the partners committing up to ₹700 crore largely for acquisitions. ICICI Securities rates the RPG Life Sciences stock Buy with a 12-month target of ₹3,205, at 34 times projected FY28 earnings, in a 4 September note by lead analyst Siddhant Khandekar.

Edelweiss

Edelweiss Financial Services Ltd, the listed holding company, is valued at about ₹12,873 crore and has seven subsidiaries across alternatives, asset management, asset reconstruction, lending and insurance. EAAA India Alternatives has fee-paying assets under management of ₹48,623 crore and filed in January for a ₹1,500 crore offer for sale by an Edelweiss group entity. Edelweiss said in January that The Carlyle Group Inc. would acquire its housing loan unit Nido Home Finance Ltd in a ₹2,100 crore deal, and Crisil Ratings reaffirmed EAAA’s long-term debt rating of A+ in January.

Coforge

Coforge Ltd ended FY26 with $1.87 billion in revenue, up 29% on a yearly basis, and the company intends to cross $5 billion well before its FY30 target. Coforge completed its biggest acquisition in April, of California-based IT firm Encora for about $2.35 billion, and Kotak Institutional Equities analysts reported organic growth of 19.4% on a constant currency basis in FY26.

Amara Raja Energy & Mobility

Amara Raja Energy & Mobility Ltd paid ₹6.76 crore in royalty to promoter-controlled Amara Raja Enterprises Pvt. Ltd in the year ended March 2026, equivalent to 0.05% of the company’s ₹13,814 crore revenue and 0.8% of its ₹896 crore net profit. The privately held Amara Raja Enterprises holds a 32.9% stake in the listed company, and the listed company had earlier charged royalty to its electronics business until 2016-17 before that arrangement was discontinued.

Modern Bazaar

Modern Bazaar, which operated 28-30 stores till about a year ago, now has around 14 outlets, with more being evaluated for closure or relocation, according to its founders. Modern Bazaar’s operating revenue fell 13.6% to ₹247.2 crore in FY25 from ₹288 crore in FY23, and net profit fell to ₹1.43 crore from ₹2.62 crore a year earlier, per data from Tofler.

Asian Paints

Asian Paints posted a 39.6% rise in consolidated net profit at ₹1,559.45 crore for the June quarter of FY27, with revenue from operations rising 18% to ₹10,541.94 crore. Asian Paints guided for 8-10% volume growth in FY27, while Berger Paints and JSW Dulux projected double-digit revenue growth.

AI-generated advertising

Citing data from advertising technology platform VDO.AI, AI-generated ads recorded a 92% video completion rate on connected TV against 90% for non-AI creatives, and 71% against 70% in online video.

Tata Sons

A previously unreported email detailing Tata Sons group company secretary Suprakash Mukhopadhyay’s role in soliciting an investment for his family’s wealth-advisory business has brought last year’s clean chit under fresh scrutiny.

Mint; ICICI Securities; Kotak Institutional Equities; Tofler; VDO.AI

Top stories in India

• Shares of Polycab and KEI Industries came under pressure after UltraTech Cement launched its wires and cables brand Ultravolt, backed by a ₹1,800 crore investment.
• Volkswagen Group’s India unit is reportedly cutting around 12% of its workforce as part of an accelerated three-year restructuring plan aimed at reducing costs ahead of its next investment cycle in India.
• Kenyan President William Ruto has ordered Tata Chemicals to exit its century-old soda ash mining operations in the country and is seeking new investors.
• Tata Realty & Infrastructure appointed Gaurav Jain as its new MD & CEO, effective 1 October, and Jain brings over 23 years of real estate experience.

Zerodha AfterMarket Report

News in numbers

• Foreign investors withdrew ₹7,443 crore from Indian equities in the first week of September due to rebounding oil prices, rising US bond yields and a firm dollar.
• Jaguar Land Rover plans to cut approximately 4,000 UK jobs over the next two years amid falling sales and rising costs, and said it needed to make £1.7 billion of savings over the next two years.
• State Bank of India intends to hire about 12,000 personnel and add around 250 new branches to its network in the ongoing financial year, according to chairman C.S. Setty.
• Hyundai Motor India expects rural markets to contribute around 30% of its total sales in the next three to four years, according to managing director and chief executive Tarun Garg.
• NoBroker.com’s revenue grew to ₹965 crore in 2024-25 from ₹888 crore in the preceding year, and the company aims to become profitable in the next 8-10 months.
• State-owned NMDC will start commercial production of thermal coal by the October-December period and looks to sell around 1 million tonnes of the dry fuel within FY27.

Mint

Upcoming events

Upcoming corporate actions

Upcoming economic events

Global pulse

Global indices

Most major global indices closed higher. Hong Kong’s Hang Seng had the largest gain among the indices listed below, while the Shanghai Composite and FTSE 100 declined.

Energy and commodities

• Brent crude traded around $95 per barrel but was up nearly 8% for the week, its strongest weekly gain since mid-July, as renewed U.S.-Iran strikes and Israeli threats heightened concerns over Middle East supply disruptions.
• U.S. diesel prices hit a record $5.85 per gallon, up from around $3.76 before the Iran war began in February, as Middle East production cuts and disruptions to tanker traffic through the Strait of Hormuz pushed crude and fuel costs higher.
• Global food prices rose to their highest since November 2022, with the FAO Food Price Index climbing to 133.3 in August from 130.8 in July, as adverse weather and war disruptions pushed grain prices to three-year highs and sugar to a one-year high.
• Major OPEC+ nations stuck with their plan to keep oil production quotas unchanged in October, while the Iran war continues to shutter output in the Middle East, per a statement after Sunday’s video conference.
• The OPEC+ sub-group’s next monthly meeting will be on 4 October, and the coalition’s next priority is an audit of how much each member can physically produce, to be used in calculating 2027 production limits.
• Benchmark Brent crude gained nearly 1% on Friday to close at $96.28 a barrel while West Texas Intermediate crude settled at $91.48, up 18 cents, with both benchmarks gaining over 9% during the week.

Zerodha AfterMarket Report; Mint

Central banks and rates

• The Bank of Japan increased its policy rate by 25 basis points in June and is expected to hike it by another 25 basis points at its 16 September meeting, taking the rate to 1.25%.
• The European Central Bank is also expected to hike its interest rate on 10 September by 25 basis points to 2.25%, as euro zone inflation has hit 3.3%, much higher than its 2% target.
• On 28 August, Federal Reserve chair Kevin Warsh set a hawkish tone at his debut Jackson Hole keynote address, reaffirming the Fed’s commitment to its 2% inflation aim, and US inflation was 3.4% in July.
• The case for a US rate hike rose after August job data showed a sharp hiring jump, but President Donald Trump has already warned against such a move, with the August inflation number due on 11 September.
• Yields on 30-year US Treasury bonds touched their pre-2008 financial crisis levels last month, signalling a return to a more expensive funding scenario.
• The average U.S. 30-year fixed mortgage rate rose to 6.71% from 6.66% last week, its highest since July 2025, as higher energy prices and renewed Middle East tensions fuel inflation concerns.
• Norway’s $2.3 trillion sovereign wealth fund has proposed cutting government bonds from 70% to 50% of its benchmark bond index, with U.S. Treasuries likely to see the biggest reduction.

Mint; Zerodha AfterMarket Report

Geopolitics and trade

• Iran said it will step up efforts to tackle problems created by the US sanctions that are crippling its economy, while a senior Iranian official warned of a “painful response” if it comes under further attack.
• US Central Command said it hit three Iranian tankers on Saturday in response to Iran’s Islamic Revolutionary Guard Corps launching ballistic missiles at two US Navy ships.
• Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries and exported 90% of its crude via its Kharg Island export hub before the war, with flows disrupted since a US blockade began in mid-April.
• Israeli strikes killed four people, including two women, in southern Lebanon on Sunday, according to the Lebanese health ministry, as Israel retaliated for what it said were Hezbollah drone attacks.
• The US Treasury last year said it had identified about $9 billion in Iranian funds that moved through American banks, and on 28 August it identified the Emirati branch of a state-owned Egyptian bank as helping Iran access the US banking system.
• Banque Misr’s United Arab Emirates branch accessed U.S. correspondent accounts and routed as much as $1.8 billion for companies that were potentially part of Iranian shadow-banking networks, according to officials.

Global corporates and markets

• Volkswagen plans to cut around 50,000 jobs globally, with roughly half of the reductions expected in Germany, according to Lower Saxony Premier Olaf Lies.
• Crusoe has reportedly signed a five-year cloud contract worth around $13 billion with trading firm Jane Street, under which it will provide advanced AI GPUs and infrastructure for AI training and inference.
• Trading desks from Barclays Plc to UBS Group AG are seeing rising client demand for bullish options and swap contracts tied to China’s CSI indexes, as investors seek to diversify beyond crowded AI trades in Korea and Japan.
• The CSI 1000 Index, up after posting its worst monthly loss since 2016 in July, is still 16% below its high in May, and implied volatility has slumped back toward its one-year average.

Zerodha AfterMarket Report; Mint

Management chatter

The remarks below are reproduced exactly as carried in the source.

Feature: What Went Down Over The Weekend

Enforcement: the Essel case

• The Central Bureau of Investigation has registered an FIR against Subhash Chandra and eight others over the alleged inflation of the Essel Group chairman’s net worth to obtain loans from LIC Housing Finance, which the lender says caused it a loss of more than ₹1,322 crore.
• The Directorate of Enforcement will separately launch a money laundering probe and register an Enforcement Case Information Report under the Prevention of Money Laundering Act against Chandra and the co-accused.
• A net worth certificate dated 28 March 2018 certified Chandra’s net worth at ₹59,113.21 crore as of 31 March 2017. A second certificate, issued on 6 July 2018, put it at ₹40,562 crore.
• In his personal insolvency proceedings, Chandra said his net worth in 2024 was ₹31.79 crore and that it had not exceeded ₹40,000 crore even in 2017-18. The lender has made that contradiction a central element of its criminal complaint.
• One credit facility of ₹500 crore went to Vasant Sagar Properties Pvt Ltd with Pan India Infraprojects Pvt Ltd as coborrower. A second, of ₹480 crore, went to Digital Subscriber Management and Consultancy Services Pvt Ltd, with Spirit Infrapower and Multiventures as coborrowers.
• LIC Housing Finance has an admitted claim of about ₹1,322.39 crore in the insolvency proceedings, where a repayment plan had proposed paying it only about ₹38.09 lakh.
• The FIR invokes Section 120B read with sections 409 and 420 of the Indian Penal Code, along with provisions of the Prevention of Corruption Act. Among the nine accused booked are unknown others and unknown public servants.

Technology and capital markets

• HyperVault, a unit of Tata Consultancy Services, is investing up to ₹70,000 crore to build a 1 GW AI data centre campus in Hyderabad — one of India’s largest planned investments in AI infrastructure.
• The company has secured 264 acres at Hyderabad’s Future City. TCS chief executive K Krithivasan said the campus will be operational 18-24 months from groundbreaking, and will be built in phases based on customer demand.
• Telangana chief minister Revanth Reddy asked TCS to inaugurate the data centre by 2 June 2028. State IT and industries minister D Sridhar Babu said the project would create up to 7,000 direct and indirect jobs.
• Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the US midterm elections in November, according to people familiar with the matter.
• The delay pushes back what some investors have said could be a $2 trillion listing. As part of the process, Anthropic is looking to finalize a $15 billion revolving credit facility.
• Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks working on the offering. Elon Musk’s SpaceX went public in June at a record $1.77 trillion valuation.

Consumer, industry and energy

• Rural markets accounted for 55% of all two-wheeler registrations in January-June 2026, against 32% for urban markets and 13% for metros, per Jato Dynamics data.
• EVs made up only 5.9% of rural two-wheeler registrations, roughly half their penetration in urban and metro markets. Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh and Madhya Pradesh together account for more than 60% of rural EV registrations.
• Hotel signings crossed 64,000 keys in 2025, up from 42,071 in 2024, and India now has 206 hotel brands across 60 firms. Banyan Tree is evaluating an India entry and Kerten Hospitality has entered with an initial 1,000-key plan.
• Switzerland exported 14.6 million timepieces last year against 25.4 million in 2016, according to the Federation of the Swiss Watch Industry, as Gen Z buyers and Japanese and Chinese competition reshape the luxury watch market.
• Talcher Fertilisers and NTPC have applied under the government’s coal and lignite gasification scheme, approved by the Cabinet on 13 May with a total financial outlay of ₹37,500 crore. The first application window is open until 7 September.
• Coal India has offered thermal plants holding fuel supply agreements the option to lift additional coal by road. The miner supplied 322.9 million tonnes during April-August, 6.7% more than a year earlier, and holds 76 million tonnes at its pitheads.
• Indian Immunologicals said the vials of its rabies vaccine Abhayrab found substandard and potentially spurious were not manufactured by the company, citing 17 differences between the seized vials and its retention samples for the same batch.

Policy and politics

• Prime Minister Narendra Modi countered the controversy over the 7.8% growth figures at Shree Ram College of Commerce, saying the number has come about while the world reels under the impact of the West Asia crisis and challenges to international trade.
• A Supreme Court petition seeks front-of-pack warning labels based on total nutrients rather than only added ones, arguing that products high in a single nutrient could escape the first phase of FSSAI’s proposed labelling.
• The petitioners, 3S and Our Health Society, also sought bilingual warnings in English and Hindi and larger warning hexagons covering 15-20% of the front display.
• The 193-member UN General Assembly adopted the Togo-sponsored resolution on correcting the world map, with 164 votes in favour, abstentions from Estonia, Georgia, Lithuania, Moldova, Serbia and Ukraine, and a lone vote against from the United States.
• A special NIA court convicted all 10 accused of planning and executing the 2013 Jheeram Ghati Naxal attack in Chhattisgarh, in which 11 senior Congress leaders and several security personnel were killed. The order on quantum of punishment is reserved for 16 September.
• Maratha leader Manoj Jarange Patil stopped taking water and intravenous saline on the eighth day of his fast at Antarvali Sarati village in Jalna, and has warned that thousands of protesters would enter Mumbai after 12 September.

World

• US forces struck three Iranian oil tankers on Saturday, including one off the coast of Kharg Island, after Iran’s Islamic Revolutionary Guard Corps launched ballistic missiles at two American Navy ships, Central Command said.
• Locals said there were no casualties and that the crew of the tanker near Kharg was being evacuated.
• Russian President Vladimir Putin ordered a 72-hour pause in strikes on Kyiv as US envoys Steve Witkoff and Jared Kushner arrived in Moscow, Kremlin spokesperson Dmitry Peskov said.
• Peskov confirmed that Kushner and Witkoff would meet Putin during the visit, but said there was no talk of new ideas to end the conflict.
• Fighting between Yemen’s Saudi-backed government forces and Houthi rebels killed more than 60 people on Saturday, including civilians, according to medical and military sources.

Deep dive: climate and development

• A glacial collapse triggered flash floods along the Nepal-Tibet border on 26 August, killing more than 1,200 people and leaving thousands missing.
• India recorded nearly 2,000 flash flood and landslide events between 2019 and 2023, according to HydroSense Lab at IIT-Delhi.
• An ice patch weighing about 69 million kilos collapsed from the Srikanta Glacier in Uttarakhand’s Garhwal Himalayas in August, according to a study published in Natural Hazards.
• India’s 2026 flood toll stands at 259 dead and losses worth ₹1,200 crore in Himachal Pradesh, 61 dead in Assam, 26 dead in Kerala, 10 dead in Arunachal Pradesh and 10 dead in Poonch-Rajouri.
• The Centre approved the National Glacial Lake Outburst Flood Risk Mitigation Project in July 2024 for Arunachal Pradesh, Himachal Pradesh, Sikkim and Uttarakhand, with a financial outlay of ₹150 crore.

Source for the feature

Every item in this section is drawn from The Economic Times, Mumbai print edition, Sunday 6 September 2026 (Vol. 12 No. 36). All figures, names and dates are as published in that edition. The section headline is composed.

Closing note

Market data: Zerodha AfterMarket Report, 4 September 2026 close. Macro, corporate and global: Mint Mumbai print edition, 7 September 2026. Feature: The Economic Times Mumbai print edition, 6 September 2026. This is a news aggregation brief. It carries no analysis, opinion or investment advice.