_Markets open today_
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📊 *ECONOMY & POLICY*
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🏦 *GST collections rise 14.8% to near ₹2 trillion*
Gross GST revenue hit ₹1.98 lakh crore in August; net collections after refunds rose 8.3% to ₹1.68 trillion.
Import-linked GST grew 29% vs 9% domestic — a soft read on local demand mix even as headline fiscal math tracks well.
📎 _Read: Business Standard_ *(substituted — original BusinessLine link blocked)*
📉 *Manufacturing PMI falls to 5-year low of 52.8*
New orders and output grew at their slowest pace since 2021; employment contracted for the first time in 2.5 years.
Confirms the soft spot beneath the strong GDP headline — worth tracking for industrials and staffing-linked names.
📎 _Read: Business Standard_ *(substituted — original BusinessLine link blocked)*
💡 *Current account deficit widens to $4.2 bn in Q1*
Trade gap rose to $86.1 bn on higher imports; overall balance of payments swung to an $8.1 bn deficit on FPI outflows.
ICRA sees CAD widening further to ~0.9% of GDP for FY27 — a mild rupee headwind and reason RBI’s forward book is at a record.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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📈 *Milky Mist rallies 9% on tenfold Q1 profit jump*
Net profit surged to ₹65 crore on 43.6% revenue growth; stock now ~65% above its IPO price.
Margin strength across yoghurt, cheese and paneer suggests pricing power is holding even as broader FMCG demand stays patchy.
📎 _Read: Economic Times_
https://economictimes.indiatimes.com/markets/stocks/news/milky-mist-shares-rally-over-9-after-q1-profit-surges-nearly-tenfold/articleshow/133668888.cms
💰 *Tata Motors clears last hurdle for Iveco takeover*
ECB granted the final authorisation for the ~€3.8 bn (~₹38,000–40,000 cr) deal; only Italian regulator sign-off remains before the tender offer.
Removes the last overhang on Tata Motors’ biggest overseas bet, clearing the runway toward global CV scale-up.
📎 _Read: Business Standard_ *(substituted — original BusinessLine link blocked)*
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🌍 *GLOBAL & WORLD*
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🔥 *US strikes Iran again near Strait of Hormuz*
US hit IRGC targets after two tankers were hit near Hormuz; Trump warns of a “much harder” response if Iran retaliates, fresh US bank sanctions loom this week.
Brent already reacting — a direct hit to India’s import bill, OMC margins and the rupee if this escalates further; watch crude and PSU OMC stocks at the open.
📎 _Read: Business Standard_
💻 *Anthropic seals $35 bn cloud deal with Lambda*
Nvidia-backed Lambda deal has Nvidia holding the lease on the underlying Texas data centre.
Another marker of AI infrastructure capex scale globally — a read-through tailwind for India’s data-centre and power supply chain plays.
📎 _Read: NDTV Profit_
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_Compiled by InvestoScope · 02 Sep 2026_