_Markets open today_
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
📊 *ECONOMY & POLICY*
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
⚡ *Govt allows RE projects to store, sell curtailed power*
The power ministry now lets renewable energy projects charge co-located battery storage with curtailed T-GNA power and sell it independently.
Opens a new monetisation lever for renewable IPPs and battery-storage plays.
📎 _Read: Business Standard_
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🏢 *COMPANIES*
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🏦 *HDFC Bank CEO Jagdishan to step down Oct 26*
Sashidhar Jagdishan will not seek reappointment and retires as MD & CEO on October 26; the board is fast-tracking the successor search.
A leadership-transition overhang for India’s largest private bank — watch for interim-arrangement news flow.
📎 _Read: Business Standard_
💰 *Zee’s Chandra accuses Ambani of misinformation*
Subhash Chandra alleges TV18 Group broadcast misinformation about the scale of his NCLT debt-reduction; RIL has denied the allegations.
Adds a reputational and legal dimension to the ongoing Zee insolvency dispute, alongside Canara/Union Bank’s NCLAT challenge.
📎 _Read: The Hindu Business_
https://www.thehindu.com/business/Industry/zees-subhash-chandra-accuses-mukesh-ambani-of-spreading-misinformation-ril-denies-allegations/article71404770.ece
💰 *Ather invests ₹500cr in new Monarc EV platform*
Ather Energy is building a new EL scooter platform, with a 200km-range Ather S variant and a feature-loaded Z version also in the pipeline.
Signals continued capex expansion in India’s EV two-wheeler race just as Ather’s Konarc scooter hits showrooms.
📎 _Read: Business Standard_
💡 *Sarvam AI’s Raghavan named among TIME’s top AI leaders*
Sarvam AI co-founder Vivek Raghavan was named to TIME’s 100 most influential AI leaders as the HCLTech/Nvidia-backed startup builds India’s sovereign LLM ecosystem.
Raises the profile of India’s $1.5bn AI bet as Sarvam develops a 120B-parameter open-source model under the IndiaAI Mission.
📎 _Read: Business Standard_
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🌍 *GLOBAL & WORLD*
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🔥 *Iran strikes US bases in Jordan after Larak Island hit*
Iran’s IRGC launched missile and drone strikes on two US air bases in Jordan after US forces bombed Iranian rocket launchers on Larak Island near the Strait of Hormuz. Jordan says most incoming missiles were intercepted.
First US-Iran military escalation in over a month — directly threatens Hormuz shipping flows that India relies on for the bulk of its crude imports.
📎 _Read: Al Jazeera (sub. for NDTV Profit — blocked)_
📈 *Brent crude jumps over 1%, nears $90/bbl on Hormuz risk*
Brent climbed to around $89.46 a barrel and WTI to $84.60 as the Larak Island strikes and Iranian retaliation reignited fears of a Strait of Hormuz disruption.
A renewed crude spike pressures India’s import bill, OMC margins and the rupee — a beat to track closely into Monday’s trade.
📎 _Read: CNBC (sub. for NDTV Profit — blocked)_
https://www.cnbc.com/2026/08/31/oil-prices-hormuz-iran-larak-island-centcom.html
🏦 *Fed Chair Warsh signals era of no guidance*
At Jackson Hole, new Fed Chair Kevin Warsh said he’s done with forward guidance even as inflation stays above target, breaking from the Bernanke-era playbook.
Raises policy-uncertainty for global rate-sensitive assets, with September Fed hike bets already climbing to 57%.
📎 _Read: NDTV Profit_
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
_Compiled by InvestoScope · 31 Aug 2026_