_Markets closed today — Janmashtami holiday (NSE/BSE)_
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📊 *ECONOMY & POLICY*
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💰 *Rupee rallies to 94.51 on bumper FCNR(B) inflows*
The rupee gained 22 paise on Thursday, its second straight day of gains, as RBI’s special FCNR(B) deposit scheme drew over $127bn — far exceeding expectations.
This inflow is offsetting oil-driven dollar demand even as Brent stays elevated near $96/bbl — a rare currency tailwind worth watching into next week.
📎 _Read: Business Standard_
🤝 *India-New Zealand FTA likely to take effect next month*
India has committed to cutting tariffs on ~95% of NZ imports as the pact nears implementation, part of a broader push to widen market access across trading partners.
Trade flows are small today ($567mn exports in FY26), but the FTA signals continued momentum on India’s parallel trade-deal track.
📎 _Read: Business Standard_
🤝 *India, Belgium set target to double $13bn trade in 5 years*
PM Modi and Belgian PM Bart De Wever — on the first Belgian PM visit to India in two decades — agreed to double bilateral trade from its current ~$13.01bn base, alongside deeper cooperation on defence, clean energy, semiconductors and the India-EU FTA track.
Belgium also reaffirmed support for India’s UNSC bid; watch for follow-through on semiconductor and defence-tech collaboration announcements.
📎 _Read: Tribune India (ANI)_
💡 *Auto industry logs record CV sales, EV registrations at SIAM meet*
At SIAM’s 65th annual convention, president Shailesh Chandra said FY26 commercial vehicle sales hit an all-time high of 10.8 lakh units (+12.6%), while EV registrations nearly doubled to 3.5mn units.
A strong read-through for auto ancillaries and EV-linked plays; the ₹22.75 lakh crore economic-contribution figure cited elsewhere could not be independently verified this session and is omitted.
📎 _Read: Business Today_
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🏢 *COMPANIES*
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🛣️ *FLY91 places $1bn order for 40 ATR regional aircraft*
Goa-based FLY91 placed a firm order for 40 ATR 72-600s — the largest ATR order globally by a regional airline — and plans to grow its fleet past 60 aircraft.
The order rides on UDAN 2.0’s ₹28,840cr push for regional connectivity; a bullish signal for tier-2/3 city air-travel demand and ATR’s India order book.
📎 _Read: Business Standard_
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🌍 *GLOBAL & WORLD*
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💻 *Nvidia buys AI platform Hugging Face from OpenAI for $13bn*
Jensen Huang’s biggest acquisition yet broadens Nvidia’s reach into the AI developer ecosystem, extending its customer base beyond chips into the AI tooling layer.
Watch for sentiment read-through into Indian IT and GCC stocks geared to global AI capex.
📎 _Read: Business Standard_
🔥 *Kenya’s president ousts Tata Chemicals from century-old soda-ash unit*
Kenya’s president said he asked a Tata Chemicals unit to “pack and go” over exporting soda ash rather than processing it locally into glass and chemicals.
A sharp resource-nationalism episode for an Indian major with a 100-year African mining footprint — worth tracking for read-through to other Tata overseas assets.
📎 _Read: Business Standard_
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_Compiled by InvestoScope · 04 Sep 2026_