Greetings from MK
Hopefully, your Monday blues do not carry forward on to Tuesday!
Markets at a glance
Markets ended a little lower after a decent showing in the early hours of trading.
Metals and Utility Indices were on the rise as Small and Midcaps outperform yet again!
Inflation numbers post-market were a little better than expected.
What’s making headlines?
Retail inflation was down to 5.30% for the month of August, from 5.59% in July (Mint)
Coming to an airport near you from 2022 is the long-forgotten airline: JetAirways (NSE: +4.98%), now managed by the Jalan Kalrock Consortium the company looks to resume commercial operations by Q1 next year (ET)
Coal India (NSE: +4.00%) looks to transfer its rising costs onto customers by an increase in prices by least 10-11% (MC)
Advanced Enzyme (NSE: +12.48%) rallied after its Post-COVID fatigue supplement cleared clinical trials (MC)
TCS (NSE: +1.32%) and NXP semiconductors announce a strategic partnership to accelerate the Dutch firm’s digital transformation (BS)
Where’s the money flowing?
BetterPlace raises $24 Million in Series C round led by Jungle Ventures and CX Partners (Entrackr)
SpaceX wins $152 Million NASA contract to launch weather satellites (CNBC)
SaaS firm Freshworks set to raise up to $912 Million via IPO at an almost $9 Billion valuation (TOI)
WickedGud, a Direct to consumer food startup raises $340,000 in its pre-seed round let by Titan Capital (Entrackr)
Pharmeasy parent API holdings strengthens board ahead of IPO (ET)
More news?
A relief to those of you who have taken the Covaxin shot as the WHO looks to provide its approval this week (Mint)
In what could be a big blow to businesses US House Democrats seek to raise the corporate tax by almost 5.5% to 26.5% (Reuters)
If battling COVID-19 was not enough an outbreak of Dengue hits the northern state of Uttar Pradesh (Reuters)
Infosys (NSE: -0.04%) launches a new platform ‘Equinox’ to boost E-comm sales for enterprises (BS)