🗞️ Daily Business Brief – OCT 02 2025
- Sammaan Capital clears ₹8,850 crore preferential issue to IHC; IHC to acquire 43.5% stake and become new promoter.
- Gold holds near record highs as Fed rate cut bets and US shutdown fears spur demand.
- Electronics Component Manufacturing Scheme attracts ₹1.15 lakh crore proposals, surpassing government targets.
- Waaree Energies approves ₹8,175 crore capex plan to expand lithium-ion, electrolyser, and inverter capacities.
- CSB Bank reports Q2 FY26 deposits up 25% YoY and advances up 29% YoY.
- BLS International subsidiary BLS UK Hotels acquires 100% stake in UK-based Trefeddian Hotel (Aberdovey) Ltd for ~₹78 crore, expanding hospitality portfolio.
- Ashoka Buildcon subsidiary Viva Highways acquires 26% stake in Jaora-Nayagaon Toll Road from Macquarie SBI Funds for ₹166.6 crore; group stake rises to 61.17%.
- Tata Power Renewable Energy signs ₹1,200 crore PPA with Tata Power Mumbai Distribution to develop 80 MW firm and dispatchable renewable energy project in 24 months.
- H.G. Infra Engineering subsidiary gets provisional completion certificate for ₹1,060 crore six-lane highway project under Raipur–Visakhapatnam Economic Corridor in Andhra Pradesh.
- Government considering ₹20,000 crore risk guarantee fund for infrastructure sector.
- Exxon Mobil to cut 2,000 jobs globally.
- US Green Card Holders must pass tougher 20-question civics test from October 20, 2025, to qualify for citizenship under new USCIS rules.
- Navi Mumbai International Airport to open on October 8, confirms Gautam Adani.
- India likely to sign trade deal with EU soon, says Commerce Minister Piyush Goyal.
- TCS Layoffs: Around 2,500 employees in Pune allegedly forced to resign; NITES approaches Maharashtra CM. TCS says affected employees are being provided care and support.
- GHCL seeks government intervention for anti-dumping duties on soda ash imports from China and other exporters.
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