🗞️ Daily Business Brief – OCT 15 2025
- BlackRock, GIP and MGX complete $40 billion data centre deal to boost AI development: Report.
- US now seeks global support against China’s rare earth curbs.
- Premium homes power India’s housing market; Q3 sales value up 14% despite flat volumes: Report.
- Reliance Industries opens applications for GET 2026 to attract India’s brightest young engineers.
- HDB Financial Services Q2 Results: Net interest income up 20%, declares dividend.
- RBI Governor Sanjay Malhotra says high-frequency data show economic growth likely to stay strong in Q2; tariff-related uncertainties still evolving.
- Commerce Ministry on India–US Trade Talks:
- India’s exports to the US rose to $45.82B in H1 FY25, up 13.3% from $40.42B last year.
- Tariff impact to begin from September, with a detailed commodity-wise review.
- Sectors facing 50% tariffs will be hit; October data will give a clearer picture.
- Hyundai Global CEO Jose Munoz on CNBC-TV18:
- Hyundai gets its first Indian MD & CEO in 29 years.
- ₹45,000 crore investments, 26 car launches & ₹1 lakh crore revenue goal.
- Unveils 5-year India plan; says India is the central pillar of Hyundai’s global strategy.
- Govt sources confirm India’s Chief Negotiator Rajesh Agrawal to leave for the US tonight.
- Adani Green Energy operationalises 50 MW solar power project at Khavda, Gujarat — total operational renewable generation capacity now at 16,730 MW.
- India willing to spend $15 billion on US oil amid trade talks: ET.
- Adani Green Energy (H1 FY26):
- Greenfield capacity addition: 2.4 GW.
- Energy sales increased 39% YoY to 19,569 mn units.
- Operational capacity up 49% YoY to 16.7 GW.
- Kaynes Technology announces delivery of India’s first manufactured IPM multi-chip module in collaboration with AOS and Mitsui; 900 units shipped from Sanand facility — marks a milestone in India’s semiconductor journey.
- Adani Green Energy incorporates five wholly-owned subsidiaries for renewable energy expansion.
- Oriental Rail Infrastructure subsidiary secures ₹3.15 crore order from Northern Railway.
- Kirloskar Brothers – NCLAT dismisses company appeal as infructuous; no material impact on business operations anticipated.
- BEL (Bharat Electronics Ltd) receives orders worth ₹592 crore — includes tank subsystems, communication equipment, and combat management systems.
- MTAR Technologies receives orders worth ₹67.16 crore from existing international customers.
- AIA Engineering subsidiary Welcast Steels to permanently close Bengaluru manufacturing facility due to outdated technology and unviable operations; no adverse effect on parent operations.
- India’s Trade Secretary says govt to take remedial measures on industry complaints over dumping of cheaper goods.
- HEG Ltd in focus: SBI sanctions ₹1,230 crore credit facility to wholly owned subsidiary TACC Limited for greenfield lithium-ion battery grade graphite anode plant in Dewas, Madhya Pradesh.
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