🗞️ Daily Business Brief – SEP 23, 2025
- Gold hits record high at $3,800 per ounce.
- Donald Trump at UNGA 2025 slams India, China, and NATO over Russian oil purchases, warns of sanctions; calls India & China primary funders of Russia-Ukraine war. Adds even Europe continues dependency on Russian energy.
- Trump says he ended 7 wars (Cambodia–Thailand, Congo–Rwanda, India–Pakistan, Israel–Iran) without UN help; claims Nobel Peace Prize not important, real prize is ending wars.
- Imperial Chemical Industries likely to sell up to 5% stake in Akzo Nobel via block deals worth ₹742.7 Cr; floor price ₹3,261.8/sh.
- MakeMyTrip announces leadership changes: Mohit Kabra elevated to Group COO, Dipak Bohra appointed as Group CFO.
- Coca-Cola bottler SLMG targets 11% growth in FY26, eyes doubling turnover.
- Puravankara CFO transition: Deepak Rastogi resigns w.e.f Sept 23, 2025; Niraj Kumar Gautam elevated to CFO from Sept 24, 2025.
- India’s smartphone exports hit $11.7 Billion in Apr–Aug 2025, up 55% YoY.
- Metals outlook signals possible steel price hike: domestic prices at discount vs imports, China cutting production, stimulus hopes, strong domestic demand.
- JSW Motor plans launch of first SUV (plug-in hybrid) in Q2 FY26; targets 2 mn capacity in 5–6 yrs under JSW Group auto venture.
- Dilip Buildcon wins ₹1,115 cr Kerala industrial corridor project as L1 bidder.
- Swiggy to offload Rapido stake for ~₹2,400 crore in twin deals.
- Marksans Pharma arm secures UK nod for high blood pressure drug Moxonidine.
- KNR Construction gets ₹459 cr EPC contract for multi-level flyovers & road projects in Telangana.
- HEG board approves unsecured loan of ₹210 cr to Bhilwara Energy.
- EU’s Von der Leyen seeks to end Russian oil purchases by year-end.
- Vedanta confirms govt rejection of Cambay Basin oil block extension; says matter below SEBI disclosure threshold, engaging with authorities.
- Gandhar Oil terminates Texol Oils FZC JV with Espe Oils FZC, initiates winding-up.
- Poly Medicure completes Amsterdam acquisition; subsidiary Risor Holdings B.V. takes 90% economic rights in Pendracare Group.
- Lemon Tree Hotels signs two new properties in Uttar Pradesh and Madhya Pradesh.
- Torrent Power acquires 100% of Newzone Power Projects & 49% of Newzone India for ₹211 cr to develop thermal power project in Madhya Pradesh.
- Bajaj Electricals acquires ‘Morphy Richards’ brand for ₹146 cr across India, Nepal, Bhutan, Bangladesh, Maldives & Sri Lanka.
- Sonata Software wins 2025–2026 Microsoft AI Business Solutions Inner Circle Award.
- Mazagon Dock signs MoU with Tamil Nadu govt to develop greenfield shipyard on eastern coast.
- Tech Mahindra subsidiary sells 26.42% stake in Surance Limited, exits associate company.
- Latent View Analytics says U.S. H1B visa fee hike will have no significant impact on operations or financials.
- Havells India launches Lloyd Kolors refrigerator on Flipkart, enhancing smart home appliance portfolio.
- Minda Corp sets ₹17,500 cr revenue target by FY30 (3.5x FY25), with 25%+ EBITDA margins, near debt-free plans; ₹2,000 cr capex for new plants, EV systems, and exports expansion.
- HCLTech secures multi-year renewal & expansion deal with Sweden-based commercial vehicle giant for AI-powered digital foundation services.
- Accenture proposes new campus in Andhra Pradesh, aims to add 12,000 jobs.
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