🗞️ Daily Business Brief – AUG 31, 2025
- India–China Relations: PM Modi & President Xi reaffirmed that India and China are partners, not rivals; differences should not become disputes.
- Border Peace: PM stressed importance of peace & tranquility at the border for sustained bilateral development.
- Strategic Autonomy: Both sides agreed relations should not be seen through a third-country lens.
- Economic Engagement: Leaders agreed to expand bilateral trade & investment ties, reduce trade deficit, and strengthen global trade stability.
- Global & Regional Issues: Modi & Xi deemed it necessary to expand common ground on terrorism, fair trade, and regional cooperation.
- 75 Years of Ties: 2025 marks 75 years of India–China relations; both sides acknowledged positive momentum.
- Ease of Business: Experts emphasized easing visas & FDI rules to enhance bilateral cooperation.
- Nomura says India’s effective U.S. tariff burden is 33.6%, lower than 50% headline rate.
- India chemicals industry set to grow in pharma, agrochemicals & advanced materials; Kotak Mahindra AMC expects sector to benefit from China’s anti-overproduction policy.
- India eyes bigger share of Philippines’ $2.5 bn rice market with export push.
- Experts say easing visas & FDI rules vital for strengthening India-China ties at #SCOSummit.
- NCC water division secures orders worth ₹788 cr in August.
- Eicher Motors chief Siddhartha Lal urges govt for uniform GST on all two-wheelers.
- Ather Energy targets 700 stores by FY26, eyes 20% EV scooter market share.
- Torrent Power bags LoA worth ₹22,000 cr for 1,600 MW coal-based thermal project in Madhya Pradesh.
- BHEL signs ToT agreement with DRDO’s Hyderabad-based DMRL for defence metallurgy.
- PG Electroplast arm inks MoU with Maharashtra govt for ₹1,000 cr greenfield project in Ahilyanagar.
- Ather Energy unveils EL platform, next-gen scooters; launches family scooter ‘Rizta’ with touchscreen dashboard.
- India markets only EM to post negative returns in past 3 months.
- IndusInd Bank gets promoter IIHL backing as shareholders review nominee director proposal.
- Zydus Wellness acquires UK-based Comfort Click for £239 million.
- Sterlite Technologies U.S. subsidiary faces $96.5 mn penalty in Prysmian verdict.
- PFC & JBIC ink ₹3,500 cr loan pact for clean energy projects in India.
- Zydus Lifesciences to file for U.S. approval of liver disease drug Saroglitazar after successful PBC trial.
- CEA Anantha Nageswaran: India’s economy grew 7.8% in Q1 FY26; growth well-distributed across sectors.
- U.S. data: Personal income rose 0.4% in July vs est. 0.3%.
- Piyush Goyal: Govt committed to shield industry from stress due to unilateral tariff actions.
- CRISIL: Shrimp exports likely to fall 15–18% this fiscal as U.S. tariffs jump to 58.26%.
- Dedicated Freight Corridor train trips surged 47% YoY in FY25 to 130,116 trips.
- NALCO to invest ₹30,000 cr over 5 years for expansion.
- Samsung says smartphone era entering ‘AI Phone’ phase.
- HEG arm TACC signs tech pact with Ceylon Graphene Technologies for commercialization of graphene.
- Apollo Tyres wins CESTAT appeal in ₹3,016 mn excise duty litigation.
- Adani Power receives LoA for 800 MW thermal project in MP; investment ~₹10,500 cr.
- Aurobindo Pharma subsidiary’s Unit-I FDA inspection ends with 5 procedural observations, no data integrity issues.
- Graphite India signs MoU with Maharashtra govt for synthetic graphite anode material project.
- PNB Housing board to consider ₹5,000 cr NCD fundraise on Sep 5.
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