🗞️ Daily Business Brief – OCT 09 2025
- TCS headcount drops below 6 Lakh for the first time in over 3 years.
- Tata Consultancy Services approves incorporation of wholly-owned subsidiary in India; focus on AI & sovereign data centers.
- ONGC to provide first guarantee in 15 years for unit’s bond sale, says report.
- Reliance Industries to announce its Q2 FY26 results on Friday, October 17, 2025.
- NatcoPharma gets go-ahead to launch Risdiplam; Delhi HC clears legal proceedings; co to launch at ₹15,900. Alert🚩: Risdiplam is used for treatment of Spinal Muscular Atrophy.
- LG Electronics India IPO bids cross ₹4 lakh crore, becomes most subscribed ‘large’ Indian issue.
- Cough Syrup Deaths: CDSCO begins pan-India drive to test, inspect & audit all cough syrup manufacturers; state FDAs to do joint inspections. Alert: Packaging norms include bold red warnings “NOT TO BE USED FOR CHILDREN UNDER 4”.
- UK Govt announces new £350 million (₹4,154 cr) defence deal with India for Lightweight Multirole Missiles (#LMM) built in Belfast.
- CAMS launches UPI Offline Plus to streamline and expedite payment acceptance.
- M&M clarifies no plan for demerger; sees greater value from synergies by keeping Auto & Tractor businesses together.
- MRF enters into a power supply & consumption agreement with Serentica Renewables India.
- Panacea Biotec gets government order to supply polio vaccines worth ₹127 crore.
- KPI Green Energy gets LoA for 100 MW solar power project development.
- Sterlite Technologies signs MoU with QuNu Labs to strengthen R&D in quantum communications over optical fibre.
- Tata Trusts trustees confident of harmonious working relationship; no differences on Noel Tata appointment as Chairman.
- Tata Group Trustees divided over Vijay Singh resignation as nominee director on Tata Sons board; board to meet for fund disbursement decisions.
- PM Modi reviews progress on trade talks; agrees with US President Trump to stay in close touch over coming weeks.
- India’s Transport Minister announces logistics cost to be brought down to single digit by December 2025.
- Microsoft to expand with new datacenter regions in India and Taiwan in 2026.
- Tata Motors scheme of arrangement among group entities; record date set for October 14, 2025 to ascertain eligible shareholders.
- Lloyds Engineering Works signs MoU with FlyFocus for joint UAV development (Defender SIGINT drones & avionics systems).
- Subex Ltd selected by Netherlands telecom operator for MVNO billing; end-to-end managed services hosted from Subex UK datacenter; $6.62M order.
- RailTel wins order worth ₹182.2M.
- ICICI Prudential September retail weighted received premium up 15.2% YoY; annualized premium equivalent +15% YoY; new business premium +24.9% YoY.
- NTPC Green Energy signs MoU with Gujarat Govt for solar & wind projects; cumulative capacity 10 GW solar, 5 GW wind.
- Afcons Infrastructure receives contract award worth ₹576 crore for civil & allied infrastructure works, includes GST.
- SBI Life 1st year premium ₹39.53 Bn in Sept, up 32.1% YoY.
- LIC 1st year premium ₹229.57 Bn in Sept, up 12.7% YoY.
- HDFC Life 1st year premium ₹29.42 Bn in Sept, up 10.2% YoY.
- China imposes export control on graphite; may boost pricing power & prompt countries to seek alternatives outside China. M&M September Business Update
- Total Sales Volume ▲ 14% at 97,744 units (YoY)
- Total Exports Volume ▲ 44% at 4,458 units (YoY)
- Total Production Volume ▲ 24.4% at 99,758 units (YoY)
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