🗞️ Daily Business Brief – AUG 27, 2025
- Trump Tariffs – 25% additional tariff on Indian exports to the US has come into effect; cumulative tariff now 50%.
- US Treasury Secy Scott Bessent – Says tariffs not only about Russian crude; expects US & India can come together eventually.
- Union Cabinet – Approves restructuring & extension of PM SVANidhi scheme; vendors repaying 2nd loan on time to get UPI-linked RuPay credit card + incentives up to ₹1,600 for digital payments.
- India Textiles Export Push – Govt plans outreach to textile importing nations to offset tariff impact; targets raising global share from 5% to 6% with cluster focus on Surat, Panipat, Tiruppur & Bhadohi.
- NLC India – Commissions first phase of 300 MW solar power project at Bikaner, Rajasthan.
- India-EFTA Agreement – Trade pact to take effect from October 1; expected to support exports despite US tariffs.
- Export Impact – $60 bn Indian exports to US hit; jewellery, textiles & seafood worst affected; India & Brazil only nations facing 50% duty.
- Tata Steel – Acquires stakes worth ₹3,100 crore in Singapore unit T Steel Holdings Pte. Ltd.
- Zaggle Prepaid – Signs 5-year referral agreement with Standard Chartered Bank.
- InterGlobe Aviation – Rakesh Gangwal family may sell up to 3.1% stake via block deals at ~4% discount.
- Adani Energy Solutions – Incorporates new wholly-owned subsidiary for power transmission & distribution business.
- RVNL – Signs JV with Texmaco Rail & Engineering (RVNL 51%, Texmaco 49%) for rail & infra projects.
- Govt Sources – Say no need to panic over tariffs; diversified Indian export base to limit impact.
- Finance Ministry – Warns secondary impact of US tariffs poses challenges; ongoing trade talks crucial.
- India July Economic Report – Immediate tariff impact limited; secondary & tertiary effects could pressure economy; trade negotiations key.
- Websol Energy Systems – To consider sub-division of shares.
- Samvardhana Motherson – Incorporates wholly-owned subsidiary “Motherson Manufacturing Services Ltd.” for manufacturing & trading.
- Export Shield – Govt preparing measures to protect $48 bn trade exposure due to US tariffs.
- Tejas Programme – India to secure 113 GE-404 engines by Sep 2025, ensuring HAL’s uninterrupted production & boosting defence self-reliance.
- SEBI – To tighten norms for algorithmic trading platforms, enhancing market safeguards.
- Edelweiss Financial Services – Abakkus Asset Manager (Sunil Singhania) buys 6.43M shares via open market.
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