Shringar House of Mangalsutra’s Rs 401 crore IPO opens September 10–12, priced at Rs 155–165. The Mumbai-based brand, specializing in premium mangalsutras, aims to fund working capital and expansion across 42 cities. Strong grey market demand signals investor interest, while rising organized jewellery trends and robust revenue growth support long-term prospects.

Standard Chartered expects the US Federal Reserve to deliver a 50-basis-point cut in September, double its earlier projection. The revision follows weak August jobs data, signaling labor market softness. Other global banks remain divided on the magnitude and timing of policy easing.

The collapse of Prime Minister Francois Bayrou’s government after a no-confidence vote leaves France facing political instability, weak growth, high borrowing costs, and rising debt, raising concerns about fiscal consolidation and eurozone economic stability.

Indian automakers are experiencing a significant boost due to the government s decision to cut consumption taxes, leading to a surge in market value. The reduction in Goods and Services Tax (GST) on passenger vehicles, making them more affordable, is expected to drive demand, particularly during the upcoming festival season. Mahindra & Mahindra, Eicher Motors, and TVS Motor Co.

Morgan Stanley is optimistic about Aditya Birla Group s retail ventures, initiating coverage on Aditya Birla Lifestyle Brands Ltd (ABLBL) with an "Overweight" rating, projecting a 23% upside. Simultaneously, Aditya Birla Fashion and Retail Ltd (ABFRL) was upgraded to "Overweight," anticipating a 53% potential increase. This upgrade is due to improved profitability.

Global bonds are rallying, with Bloomberg s GlobalAgg Index hitting its highest level since March 2022, fueled by cooling US labor data and expectations of Federal Reserve rate cuts. Central banks are reducing borrowing costs amid easing inflation and labor market concerns. However, longer-dated bonds face pressure due to fiscal risks in France, the UK, and Japan.

Bitcoin is trading steadily near $112K, while Ethereum hovers around $4.3K, buoyed by hopes of U.S. rate cuts and institutional buying. Analysts suggest September is a crucial month for crypto, with the SEC easing compliance and Nasdaq exploring tokenized securities. Market sentiment balances optimism with caution amid tightening regulations and ongoing innovation.

Bank Indonesia acted to stabilise markets. This followed the unexpected removal of Finance Minister Sri Mulyani Indrawati. The move triggered a selloff in the Rupiah and Indonesian bonds. Bank Indonesia bought longer-dated government bonds. They also intervened in the foreign exchange market. This was to ensure the Rupiah s exchange rate aligned with fundamentals. The interventions aimed to calm investor concerns.

Permira and Blackstone Inc. are acquiring a $525 million minority stake in Property Finder, a Dubai-based classifieds firm, signaling strong investor confidence in the emirate s real estate market. General Atlantic, an existing investor, will partially exit but remain a significant shareholder.