🗞️ Daily Business Brief – OCT 08 2025
- Google bets big on Vizag with $10B data center; 1.88 lakh jobs in pipeline. SIPB clears proposal, positioning Vizag as “AI City Vizag” — a global hub for AI, Cloud, and Data Analytics.
- AI payments could become the new UPI in five years: Razorpay CEO Harshil Mathur.
- RB Invit Fund launches QIP; size likely ₹3,000 Cr, upsize option ₹250 Cr, indicative offer price ₹60/unit, 2.8% discount to CMP.
- SEBI revises block deal framework, sets ₹25 crore minimum trade size.
- GR Infraprojects wins ₹290 crore EPC contract for Giridih bypass in Jharkhand.
- Prestige Estates Q2 Update: Sales up 50% YoY at ₹6,017 Cr; Sales volume up 47% YoY at 4.42 mn sq ft; Collections up 55% at ₹4,212 Cr; Average Realisation up 8% YoY at ₹14,906/sq ft; Plots average realisation down 1.5% YoY at ₹6,654/sq ft; Gross Leasing at 2.3 mn sq ft; Maximum sales in Bengaluru 40%, NCR 18%.
- Navi Mumbai airport inaugurated by PM; Phase 1 operational, ₹19,650 crore project to transform residential, commercial, and infrastructure growth in MMR.
- Coal India signs pact with IRCON International for rail infrastructure development.
- Concor Q2 Business Update: Total throughput up 10.5% YoY at 14.40 Lk TEUs; EXIM throughput up 8.7% YoY at 10.93 Lk TEUs; Domestic throughput up 16.7% YoY at 3.47 Lk TEUs.
- TCS stock rebounds 4% this week; 52-week low at ₹2,866. CNBC-TV18 poll expects 0.4% growth in US Dollar revenue. Investors focus on layoffs, H1-B dependence, JLR cyberattack, GenAI adoption, and BSNL deal phase 2.
- PaceDigitek secures operation & maintenance order worth ₹186 Cr from Tata Teleservices.
- Dreamfolks forms strategic partnership with forex & travel payment platform WSFxGlobalPay.
- Eimco Elecon shares see biggest single-day gain since April after Vijay Kedia buys stake.
- Solar Industries bags ₹483 Cr order from Coal India arm SECL for bulk explosives supply.
- Samvardhana Motherson shares fall as BMW warns of lower profits amid China pressures.
- Textiles industry seeks zero duty on cotton imports and more export incentives to tackle headwinds.
- Piyush Goyal, Commerce Minister, says clarity on US govt shutdown impact on trade deal talks expected within a week.
- ABB India: ABB Global to divest robotics division to SoftBank; board will assess implications for ABB India robotics biz.
- Tata Power & Juniper Green Energy sign pact for 70 MW renewable energy project.
- Lupin announces new pharmaceutical plant in Coral Springs with $250M investment over 5 years; 200 jobs by 2030; production of 25 critical respiratory medicines.
- Gold loan market to touch ₹15 Lakh crore in FY26; NBFC AUM to grow 30–35% — ICRA.
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