_Markets open — regular Tuesday session_
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📊 *ECONOMY & POLICY*
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🔥 *Crude nears $90 as Iran-US clash reignites*
US strikes on Iran’s Larak Island in the Strait of Hormuz drew Iranian retaliation on bases in Jordan, pushing Brent toward $90.
A fifth of world oil transits Hormuz — sustained escalation widens India’s import bill and pressures the rupee and OMC margins.
📎 _Read: Economic Times_
https://economictimes.indiatimes.com/markets/commodities/news/oil-price-today-august-31-crude-oil-reclaims-90-as-fresh-us-attacks-dim-peace-deal-hopes-what-are-experts-saying/articleshow/133639765.cms
📈 *India’s Q1FY27 GDP growth accelerates to 7.8%*
Real GDP grew 7.8% YoY in April-June, up from 6.9% a year ago, led by 10% growth in services and an 11.9% jump in fixed capital formation.
Stronger investment activity underpins the growth case even as the West Asia conflict and an uneven monsoon weighed on some sectors.
📎 _Read: Forbes India_
🤝 *India, Uzbekistan elevate ties, sign uranium pact*
The two nations upgraded relations to a comprehensive strategic partnership with 16 outcomes, including a uranium supply agreement.
Relevant for India’s nuclear-fuel security and its push to diversify trade and energy partnerships across Central Asia.
📎 _Read: Business Standard_
💰 *MFs’ overseas equity holdings jump 37.5% in FY26: RBI*
Indian mutual funds’ overseas equity holdings rose to ₹93,602 crore; overseas assets grew 23.9% to $10.2bn, narrowing net foreign liabilities to $21.3bn.
Signals rising investor appetite for global diversification even as domestic markets underperformed through the year.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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🏦 *HDFC Bank CEO Jagdishan to exit Oct 26*
Sashidhar Jagdishan has declined reappointment; deputy MD Kaizad Bharucha is seen as the leading internal contender to succeed him.
A 15-year whole-time-director cap could limit Bharucha’s tenure without a special RBI extension — succession clarity is now the key stock driver into October.
📎 _Read: NDTV Profit_
💰 *GRT Jewellers to acquire 74% of TBZ for ₹1,034cr*
GRT signed an SPA to buy the promoter stake in Tribhovandas Bhimji Zaveri and will launch a mandatory open offer for another ~26%.
A major consolidation move giving South India-focused GRT a pan-India footprint via TBZ’s 37-store network across 28 cities.
📎 _Read: Business Standard_
⚡ *Ather Energy: capacity catch-up needs 3-4 quarters*
CEO Tarun Mehta said monthly demand of 50,000+ units outstrips current supply capacity of ~35,000 scooters.
A demand-side positive, but a near-term execution constraint on the EV maker’s revenue ramp until capacity scales.
📎 _Read: Business Standard_
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_Compiled by InvestoScope · 01 Sep 2026_