🗞️ Daily Business Brief – OCT 16 2025
- India’s Commerce Minister Piyush Goyal to meet EU Trade Commissioner in Brussels on Monday.
- US Trade Announcements frameworks for negotiations with Vietnam and joint trade statements with Thailand and Vietnam announced.
- US-Thailand Trade Framework complements other agreements including Malaysia, Cambodia, and Vietnam for tariff elimination and preferential access.
- US Defense & Critical Minerals Cooperation strengthened with Thailand and Malaysia to enhance supply chain resilience and mitigate anti-competitive practices.
- Trump Tariffs sets 10% hike on Canada after Ronald Reagan ad airs during World Series.
- Pakistan Defence Minister warns of ‘open war’ with Afghanistan if peace talks fail.
- Ola Electric board approves fundraising up to ₹1,500 crore.
- GPT Infra bags order valued at Rs 195 crore from Terminal Industriel Polyvalent de San Pedro, Ivory Coast.
- Kotak Mahindra Bank gets RBI approval for reappointment of CS Rajan as Part-Time Chairman from Jan 1, 2026, to Oct 21, 2027.
- Kotak Mahindra Bank Statement on deals: “We look at every opportunity, but it’s premature to comment on any potential deals.”
- Reliance Intelligence incorporates Reliance Enterprise Intelligence in India; JV with Meta Platforms for enterprise AI services, Rs 855 Cr initial investment, Reliance 70% & Meta 30%.
- NCC gets LoA worth Rs 6,829 crore from Central Coalfields for extraction & transportation of Overburden & Coal at Amrapali OCP, Jharkhand.
- NTPC completes trial operation of Unit-1 (800 MW) of Patratu Super Thermal Power Project; total installed capacity of NTPC group becomes 84,849 MW.
- SEBI restricts mutual fund participation to anchor and public IPO segments.
- NSE excludes F&O contracts on Cyient Ltd, HFCL Ltd, NCC Ltd, and Titagarh Rail Systems Ltd from January 2026 expiry.
- HUDCO signs MoU with Jawaharlal Nehru Port Authority for infra collaboration worth ₹5,000 crore.
- Eclerx board approves buyback of up to 6.6 lakh shares worth Rs 300 crore at Rs 4,500/sh; promoter group will not participate.
- EPACKPrefab bags order worth Rs 129 crore from Avaada Ventures for pre-engineered steel building at Butibori.
- RBI Draft Rules for banks financing acquisitions: caps at 10% of Tier 1 capital; acquiring company must be listed, profit-making, positive net worth; loan secured by target shares.
- Reliance says it will comply with EU fuel regulations, assess western sanctions on Russia, and follow Indian govt guidance.
- Puravankara Subsidiary bags ₹212 crore order for SBR Global Queen’s Ville residential project.
- Bharat Rasayan board approves 1:1 bonus issue and share split.
- Bajaj Auto says Austrian takeover commission approves takeover bid to PIERER Mobility AG shareholders.
- Refex Industries gets order worth ₹300 crore from a mining entity in Jharkhand.
- BEML signs MoU with Italy-based Tesmec to launch surface miner equipment for mining applications.
- Thyrocare Promoter sells 10% stake via market trades at ₹1,252.03/sh.
- MSME Compliance Relief Panel proposes exemptions for firms with turnover under ₹1 crore from mandatory audits; reforms to simplify compliance and encourage formalisation.
- Commodities & Market Outlook Gold, silver, and Bitcoin rally may pause; Power, infra, PSU banks & metals positive; FMCG, IT & pharma not preferable (Gautam Shah, Goldilocks Global Research).
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