Cerebras Systems (CBRS) rose 10.70% to $219.97 on August 3, 2026 as broader AI cloud optimism and renewed attention to Ark Invest's earlier purchases supported the recent IPO. Read the daily analysis of Cerebras Systems' AI-inference demand outlook, momentum risk and key technical levels.

Nigeria’s Federal Government is offering a N728.98bn power sector bond to clear legacy debts owed to electricity generation companies. The issue is split into a N400bn cash tranche and a N328.98bn non-cash tranche, with a coupon marketed in a 17.85% to 17.95% range versus 17.50% on the inaugural deal. Subscriptions opened on August 3 and are scheduled to close on August 14, with settlement expected on August 24. The issuance forms part of a broader N4tn power-sector debt reduction programme.

Alok Bansidhar Shriram increased his stake in DCM Shriram International to 33.67% after receiving an additional 30.92% through an off-market transfer. The transaction was completed on August 1, 2026 and was described as an internal, nil-consideration restructuring within the promoter family. The promoter group’s combined holding remained unchanged at 50.11%, with no new investment, business change or control shift involved.

Bain Capital-backed automotive wiring harness maker Dhoot Transmission has launched its IPO with a price band of Rs 829 to Rs 871 per share, with subscriptions running from August 10 to August 12. The offering includes a Rs 1,400 crore fresh issue and an offer for sale of around 1.9 crore shares, mainly by existing shareholder Bain Capital. At the upper end of the band, the company is expected to raise Rs 3,066.89 crore and list with an estimated market capitalisation of about Rs 17,816.14 crore.

Nazara Technologies reported a consolidated net loss of Rs 82.47 crore for the first quarter ended June 30, while revenue from operations fell 14 percent year on year to Rs 428.77 crore. Founder and CEO Nitish Mittersain said he will resign from the CEO role effective September 1, 2026, and continue as managing director. The company also revised its acquisition plans to buy 100 per cent of Spanish social gaming platforms Bluetile Games and BestPlay Systems for an aggregate fixed cash consideration of USD 303.02 million (about Rs 2,909 crore).

ANZ, New Zealand’s largest bank, raised several fixed-term home loan rates after the Middle East conflict pushed up wholesale funding costs. Special fixed rates from six months to three years increased by 0.10%–0.26%, taking key offers to 4.79%, 4.99%, 5.45% and 5.59% across selected terms. The changes apply to borrowers with at least 20% equity who have salary direct credited into an ANZ transaction account. The bank also lifted term deposit rates for one- to two-year terms by 0.10%–0.30%.

India’s food regulator FSSAI has barred Dabur India from selling several products carrying “100% Natural” and “100% Pure”-style claims it deemed misleading, including Dabur Hommade coconut milk. The move cites the FSS (Advertising & Claims) Regulations, 2018, which do not allow such claims for compound foods. Dabur India shares fell 2.42% to Rs 415.50 following the order. The company has been asked to submit an Action Taken Report within 15 days.

National Aluminium Company Ltd. (NALCO) posted a strong Q1 FY2026, with revenue at ₹3,806.9 crore, up 39% year on year. Net profit rose 91% to ₹1,049 crore, while EBITDA increased 82% to ₹1,488 crore, helped by higher aluminium prices as well as improved output and sales volumes. The company is progressing pre-commissioning work for a 1 million tonne-per-annum alumina refinery, with commercial operations expected to start in Q3 FY2027. It also plans to ramp up captive coal production to 4.8 million tonnes per annum to ease cost pressures.