🗞️ Daily Business Brief – SEP 22, 2025
- Defence Ministry – Defence secy pitches 18% capex hike; ₹75,000 cr additional orders likely in FY26. Govt aims for defence spend of 2.5–3% of GDP with big orders for drones, AWACS & fighter jets.
- Hyundai India – Delivered ~11,000 cars on first day of Navratri, its highest single-day sales in last 5 years, says Tarun Garg.
- Maruti Suzuki – Delivered ~30,000 cars and received 80,000 enquiries on Navratri’s first day.
- Birla Corp – Arm RCCPL wins bid for Telangana limestone & manganese block. Shares ended ▲0.62% at ₹1,307 (NSE).
- KEC International – Bags ₹3,243 cr orders in UAE & Americas, including largest EPC contract. Stock closed at ₹865.95 ▼0.092%.
- Amitabh Kant – At Network18 Reforms Reloaded: India must “Make in India” as part of global supply chain; exports have powered past growth.
- RVNL – Wins ₹145 cr Southern Railway project; stock closed ▼1.11% at ₹359.40.
- Brigade Enterprises – Signs ₹1,200 cr GDV residential project at Banashankari, Bengaluru.
- KFin Tech – Clarifies General Atlantic has not indicated any stake sale plans.
- NSE – Announces Mahurat Day trading on Oct 21. Pre-open: 1:30 pm, Market: 1:45–2:45 pm.
- Russia – Putin: Arms control with US has collapsed; Russia ready to respond with military-technical measures.
- India Core Sector – Output ▲6.3% in Aug vs 3.7% in July. Strong coal, steel, cement gains; crude oil & gas declined.
- TCS – To announce Q2 FY26 earnings on Oct 9.
- Glenmark Pharma – Board to meet Sept 26 to consider interim dividend; decision on Sept 30.
- IndusInd Bank – Appoints Viral Damania as CFO effective Sept 22.
- NASSCOM – Says IT firms’ dependency on H1-B visas is much lower now vs 4–5 years ago.
- Mahindra & Mahindra – CEO Anish Shah: Betting on aggressive launches, strong pipeline; GST cut will boost SUV demand and capex; focus on India, Australia & South Africa.
- IT Stocks – Infosys & TCS drove over half of near ₹1 lakh cr market cap erosion.
- PhonePe – IPO-bound fintech’s FY25 revenue ▲40%, net loss ▼13%.
- Unicommerce – Launches GST Guidance Tool to simplify compliance for e-commerce sellers.
- Bajaj Auto – Keeps bigger bike prices steady; eyes festive demand with GST cut push.
- Sterling Wilson – Tribunal rejects ₹486 cr claim by unit; awards ₹57 cr plus interest to Conti LLC.
- BYD – Shares ▼4% after reports Berkshire Hathaway sold entire stake.
- Alkem Labs – Receives GST appeal order of ₹35.11 cr demand + ₹3.51 cr penalty; will contest.
- Reliance Industries – Dissolves subsidiary Reliance Global Project Services Pte. Ltd.
- Manaksia Coated Metals – Upgraded by Acuité; plans solar project, capacity expansion & new color coating line.
- RDB Infra – Signs MoU for ₹225 cr solar power projects near Nagpur across 5 sites.
- Russia – Will adhere to nuclear arms treaty for 1 year post expiry; aims for dialogue with US.
- RRP Defense – Unveils AI-powered vision systems at East Tech 2025 to enhance battlefield awareness.
- India CEA – Confirms H2 borrowing unchanged; fiscal deficit target on track.
- Bahety Recycling – Wins order worth ₹50 cr (SME segment).
- JBM Auto – Partners Dubai’s Al Habtoor Motors to launch e-buses in UAE.
- HUDCO – NBCC inks ₹117 cr project pact with company.
- MCX – PFRDA board may approve commodity derivatives trading in Oct board meet: CNBC.
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