_Markets open — BRICS Summit begins tomorrow, Delhi_
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📊 *ECONOMY & POLICY*
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🔥 *Brent Nears $110 As Houthis Threaten Red Sea*
Brent crude surged over 6% toward $109-110/barrel after Houthi forces advanced on the Bab al-Mandeb chokepoint, adding to an already-restricted Strait of Hormuz.
Extended oil strength deepens India’s import-bill and rupee pressure and raises the odds of a hawkish read-through into next week’s rate decisions.
📎 _Read: Newswire.lk (substituted — NDTV Profit link blocked; verified via Newswire.lk)_
🤝 *Modi To Meet Xi, Putin On BRICS Sidelines*
PM Modi holds separate bilateral talks with China’s Xi Jinping and Russia’s Putin in Delhi this weekend, marking Xi’s first India visit in nearly seven years.
A genuine India-China thaw could ease border-linked trade friction, while the Putin talks centre on defence deals including S-400 and BrahMos.
📎 _Read: Free Press Journal (substituted — BusinessLine link blocked; verified via Free Press Journal)_
💡 *BRICS Partners Want More Predictable India Trade*
A WTO review ahead of the summit shows China, Indonesia and Brazil pressing India on PLI-subsidy consistency, quality-control orders and anti-dumping measures, while Russia and Saudi Arabia backed India’s reforms.
Watch QCO and anti-dumping friction as a summit undercurrent, though it’s unlikely to derail near-term trade flows.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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💰 *Adani Airports Raises $1 Billion At $18bn Valuation*
AAHL will issue new shares to Temasek, BlackRock, Alpha Wave Global and Premji Invest for a 5.54% stake — among the largest primary-equity deals in Indian airport infrastructure.
The marquee investor list is a fresh institutional endorsement of the group and funds its push toward 200 million annual passengers.
📎 _Read: ibtimes.sg_
https://www.ibtimes.sg/adani-airports-secures-1b-blackrock-temasek-shares-jump-6-93548
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🌍 *GLOBAL & WORLD*
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💻 *US Moves To Scrap H-1B’s 60-Day Grace Period*
DHS has formally proposed eliminating the discretionary 60-day window letting H-1B, L-1 and other visa holders stay in the US to find a new sponsor after losing a job.
Indian IT professionals are the largest H-1B cohort; a final rule would raise attrition and compliance risk for Indian IT majors’ US-based delivery workforce.
📎 _Read: Newsweek (substituted — BusinessLine link blocked; verified via Newsweek)_
https://www.newsweek.com/dhs-reveals-details-axing-h1b-l1-tn-visa-holders-grace-period-12425793
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_Compiled by InvestoScope · 11 Sep 2026_