🗞️ Nvidia Makes a Nearly $13 Billion Bet on Hugging Face
Nvidia is set to acquire Hugging Face for nearly US$13 billion, according to Reuters, in a major move into the ecosystem surrounding open AI models.
Hugging Face has become an important platform for developers to access, share and build with AI models. The deal would significantly expand Nvidia’s position beyond AI chips and infrastructure into the software and developer ecosystem.
💬 Expert Take — “Nvidia’s AI dominance has largely been built around computing infrastructure. A deal of this scale would deepen its exposure to the software and model layer, potentially making Nvidia an even more integrated part of how developers build and deploy AI.”
🗞️ India’s E-Commerce Market Could Reach US$345 Billion
India’s e-commerce market is projected to reach US$345 billion by 2030 as online shopping continues to expand across the country.
Dark stores, which support rapid fulfilment for quick-commerce platforms, are also expected to triple, highlighting how investment is shifting toward logistics and last-mile delivery infrastructure.
💬 Expert Take — “The next phase of e-commerce growth is increasingly an infrastructure story. Warehousing, dark stores, logistics, payments and supply chains will all need to scale alongside consumer demand, potentially creating opportunities well beyond online marketplaces themselves.”
🗞️ Auto PLI Attracts US$4.82 Billion, Creates 67,000 Jobs
India’s automobile PLI scheme has attracted US$4.82 billion in investment and generated around 67,000 jobs, according to the government.
The numbers indicate growing investment in advanced automotive manufacturing as India works to expand domestic production and strengthen its position in global automotive supply chains.
🗞️ Data Centre Boom Could Drive Wires & Cables Demand
The rapid expansion of data centres could fuel a boom in India’s wires and cables industry, according to Kumar Mangalam Birla.
AI infrastructure and cloud computing require significant power and connectivity infrastructure, potentially creating substantial downstream demand for electrical equipment, cables and related products.
🗞️ SEBI to Review Derivatives Settlement Methodology
SEBI is preparing to review the methodology used to determine derivative settlement prices following the rollout of the Closing Auction Session.
A consultation paper is expected shortly, with the regulator examining how derivatives settlement should align with the new price-discovery mechanism in the cash market.
🗞️ Manipal Payment IPO Opens September 9
Manipal Payment and Identity Solutions’ IPO will open on September 9 after the company reduced the proposed size of the issue.
The offering adds another technology-linked company to India’s active IPO pipeline as issuers continue testing investor demand in the primary market.
🗞️ Priority Jewels Eyes Around 16% Listing Premium
Priority Jewels shares are expected to list at around a 16% premium, based on grey-market indications ahead of the company’s market debut.
Grey market premiums can indicate sentiment surrounding an IPO, although they are unofficial and can change substantially before listing.
🗞️ Sensex Falls Over 400 Points
Indian equities remained under pressure, with the stock market declining amid volatile global cues.
The Sensex ended more than 400 points lower, while geopolitical tensions, crude-oil movements and broader global sentiment remained important factors for investors.
📊 Market Update
📉 Sensex: 76,152.86 ▼ 417.49 (-0.55%)
📉 Nifty 50: 23,873.45 ▼ 41.00 (-0.17%)
🪙 Gold (per gram)
24K: ₹15,535 ▲ ₹333
22K: ₹14,240 ▲ ₹305
18K: ₹11,651 ▲ ₹249
🥈 Silver: ₹2,50,000/kg ▲ ₹5,000