Yatra's board unanimously rejects Magna Holdings' $1.10/share tender offer, calling it inadequate. Hospitality & Tourism
Yatra's board, after consulting independent financial and legal advisors, unanimously rejected Magna Holdings' unsolicited partial tender offer for up to ~31% of shares at $1.10/share -- a 45% discount to the prior quarter's high -- recommended shareholders not tender, and filed a Schedule 14D-9. No competing bid, defensive escalation, or executive departure has emerged; the offer expires September 17, 2026 unless extended. This is a clean, orderly board response so far, arguing against the pending BUY->QUALITY-WAIT call flip rather than for it.
UltraTech Cement's entry into wires & cables cited as the driver behind KEI Industries' pullback. Capital Goods
KEI Industries shares are trading ~20% off their 52-week high on competitive concerns after UltraTech Cement launched 'Ultravolt,' a wires & cables business -- a large, well-capitalised new entrant into KEI's core market. KEI has analyst/investor meets scheduled with Axis Capital and UBS Securities for 10-11 September, which may address the competitive narrative directly. This finding is single-sourced; treat the competitive-threat framing as credible but unconfirmed pending independent coverage.
Maruti hikes prices a third time this fiscal year alongside strong volume growth and a ~$1bn EV capex plan. Automobiles
Maruti Suzuki announced a September price hike of up to Rs 20,000 on select models -- its third increase this fiscal year -- while cumulative April-August sales rose to 11,43,365 units from 8,89,070 a year earlier. Separately, the company plans up to Rs 90 billion (~$1bn) capex this fiscal year ahead of its first EV, the e-Vitara, launching before end-September, targeting ~70,000 units of annual EV production largely for export, and a 20% overall export growth target for the year.
MRPL reroutes crude tenders away from the Red Sea and Strait of Hormuz amid West Asia tensions, posts a strong Q1 FY27 profit swing. Energy & Power
MRPL issued a spot crude tender for up to 1 million barrels with a binding instruction to suppliers to avoid the Red Sea and Strait of Hormuz -- described as a first for an Indian state refiner, direct evidence of the same US-Iran conflict driving today's broader oil-price and market moves. Separately, Q1 FY27 consolidated revenue rose 98.24% YoY to Rs 41,608.96 crore, with net profit of Rs 945.68 crore versus a loss a year earlier; MRPL also secured PNGRB authorization for a new ATF pipeline to Kempegowda International Airport.