News Overview

In India, the push for renewable energy is gaining pace as the country seeks to boost its reliance on non-fossil fuel-based electricity.

The latest GDP data in the US is a signal that the hard landing is not happening; and a go-ahead for rate cuts

Additionally, there was a 4.2% decrease in electricity use from July, which suggests fewer cooling appliance uses.

August sales for the car major were 71,693 units, down 8% year over year from 78,010 vehicles sold in the same month of the previous fiscal year.

According to the corporation, its domestic sales rose to 492,263 units last month from 472,947 units during the same period last year.

The only book running lead manager for the issue is PL Capital Markets, and the registrar for the offer is Link Intime India.

Sales of mini-segment cars, including the Alto and S-Presso, fell to 10,648 units last month from 12,209 the previous year.

The dollar rose to its highest level against the yen since August 21, boosted by a rise in long-term Treasury yields.

Spot gold was unchanged at $2,502.89 per ounce, having hit a session low of $2,494.15 on Friday.

Brent crude futures slid 57 cents, or 0.7%, to $76.36 a barrel, while U.S. West Texas Intermediate crude fell 50 cents, or 0.7%, to $73.05 per barrel.