• Asia’s Richest Man Bets on $1 Green Hydrogen in a Decade
o Reliance starts building new energy complex at Jamnagar
• Ambani Races Toward World’s Exclusive $100 Billion Wealth Club
• Saudis Cut Oil Prices to Woo Buyers as OPEC+ Boosts Supply
o UAE Unveils New Residency Guidelines to Attract Foreigners
• India’s FX Reserves Record Highest Weekly Jump on IMF Inflow
o Hit an unprecedented $633.6 billion in week to Aug. 27
• Enel Interested in India’s Power Distribution Market, CEO Says
• Indian Builders See Strong Housing Demand, Prices Increasing
• India’s Sensex Clocks Best Weekly Gain Since May, Hits Record
• Digital Dalliance May Be EM Small-Cap Managers’ Checkmate Move
• Global Funds Buy Net INR7.69B of India Stocks on Sept. 3: NSE
o Domestic funds buy net 6.69b rupees of stocks
• Foreign Investors Buy Net INR13.3B of India Equities on Sept. 2
• Foreigners Sell Net INR29.05B of India Equity Derivatives Sept. 3
• Barclays Funds Billionaire Jhunjhunwala’s Zydus Deal, ET Reports
• Govt likely to extend incentive scheme IFLADP for leather, footwear industry till 2025-26: PTI
• Denmark is India’s ‘very unique partner’ in growing back greener: Jaishankar: PTI
• 39 mining projects of Coal India face delays: PTI
• R K Singh asks to ramp up coal supply to power plants: PTI
• Ashapura Minechem (ASMN): Firm has operations in Guinea through unit Société Guinéenne des Mines de Fer. A unit of Guinea’s military seized power and suspended the constitution, destabilizing the West African nation that’s a key source of the raw material used to make aluminum.
• J&K Bank (JKBK): RBI approves Jammu and Kashmir govt to acquire stake
• M&M Financial (MMFS): Says Aug. collections improve, bad loans fall
• Oberoi Realty (OBER): Oberoi says high input costs, fewer launches to drive prices up; Price Rise Inevitable in Indian Housing Market
• Punjab National (PNB): Reschedules Board Meet to Consider Bond Sale to Sept. 10
• Reliance Industries (RIL): Buys $53.8M stake in Strand Life Sciences; further invest up to INR1.6b by March 2023
By: via @AlliesFin Serve Stock Market
