- L&T Tech Services IPO opens today, with L&T looking to offload its 10.2% promoter stake. Earlier in July 2016, another subsidiary of the engineering and construction giant, L&T Infotech had tapped the primary market for funds. The Rs 1,243 crore IPO was oversubscribed nearly 12 times with over a million applications – the highest in five years, but saw a tepid listing. The stock had debuted 6% below its issue price. BS
- Tremors in global market shook Indian stock markets today, after Boston Fed President Eric Rosengren hinted that a Federal rate hike is likely. The Fed is set for a monetary policy review on September 21 and 22. ET
- Mahindra and Mahindra is planning to launch a car that will compete directly with the Toyota Innova. The company hopes that the new vehicle will be a volume driver for the company, if it manages to become a good alternative to the Innova, which is a favorite as both a family car and with taxi operators in India. LiveMint
- While the All-IITs Placement committee blacklisted several startups, individual IITs have invited at least 30 of these companies for placement discussions, despite these firms having withdrawn offers to students in previous years. FE
- Photo of the Day: Mariyappan Thangavelu on the high jump at the Paralympics in Rio, on his way to winning the gold medal. Reuters
