🗞️ Daily Business Brief – SEP 17, 2025
- Urban Company wants to be ‘Home OS’; Founders chart bold post-IPO roadmap.
- Cohance Lifesciences – Jusmiral Holdings likely to sell up to 5.1% stake via block deals.
- Yes Bank – Bandhan Bank & Federal Bank cut stake; Sumitomo Mitsui buys shares worth ₹6,900 crore.
- Biocon Biologics gets USFDA nod for two drugs to treat osteoporosis & bone loss.
- Federal Bank sells 16.62 Cr Yes Bank shares at ₹21.50/sh to Sumitomo Mitsui Banking Corporation.
- Bandhan Bank sells 15.39 Cr Yes Bank shares at ₹21.50/sh to SMBC; stake reduces from 0.70% to 0.21%.
- RBI forms Regulatory Review Cell (RRC) in Dept of Regulation, effective Oct 1, 2025.
- Cochin Shipyard signs ₹200 Cr pact with ONGC for lay-up repairs of Jack Up Rig.
- Online Travel Agencies seek CBIC clarity on new GST regime; warn ITC removal will raise consumer costs, hurt budget hotels.
- IndusInd Bank Case – EoW issues summons to ex-MD & CEO Sumant Kathpalia, ex-Dy CEO Arun Khurana & ex-CFO Gobind Jain.
- LTIMindtree partners with Shopify to launch AI Commerce Center of Excellence.
- Hyundai Motor India finalises 3-year wage settlement with recognised union, offering structured monthly pay increase.
- SMFG agrees to buy 4.2% stake in Yes Bank from Carlyle Group for ¥51 bn; stake rises to 24.2%.
- Vedanta Demerger – Govt doubles down on objections in NCLT; argues scheme may frustrate recovery of dues worth ₹16,000 Cr against assets of over ₹2 Lakh Cr.
- PowerGrid declared successful bidder to establish Inter-State Transmission System in UP & MP.
- MCX shares spike as SEBI Chairman hints at allowing FPIs in non-agri commodities trading.
- Lupin gets USFDA approval for Lenalidomide capsules used in multiple myeloma & lepra reaction; US market size $7.5 bn.
- IndiGo signs two contracts with Thales for avionics maintenance & 5-year electronic flight bag rollout across 430+ Airbus aircraft.
- Torrent Pharma issues commercial papers worth ₹200 crore.
- Vikram Solar promoter group re-pledges 9.49 Cr shares (26.25% post-IPO stake) worth ₹2,600 Cr for working capital.
- Escorts Kubota launches PRO588i-G combine harvester in Punjab & Haryana to boost farmer income & cut air pollution.
- AWL Agri Business gets China regulatory nod to sell up to 20% stake to Lence Pte Ltd.
- Piyush Goyal to visit UAE on Sept 18–19 to co-chair India–UAE Task Force; CEPA review & new investment opportunities on agenda.
- Ailtel Corp secures ₹105.75 Cr order from Bihar Education Project Council for smart classrooms.
- Muthoot Microfin approves private placement of NCDs worth ₹75 crore.
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