🗞️ Daily Business Brief – SEP 02, 2025
- Prestige Estates arm gets ₹161-crore GST show-cause notice in Hyderabad.
- Commerce Minister Piyush Goyal assures exporters of govt support amid global trade shifts; working on long-term solutions to boost exports.
- Russian President Vladimir Putin says India, China leaders can’t show weakness; Ukraine war not linked to US tariffs; sanctions barely discussed in Beijing.
- Cabinet likely to approve incentive scheme for recycling of critical minerals with ₹1,500 crore initial outlay; scheme to cover copper, lithium, nickel, cobalt & rare earths.
- Force Motors August sales up 4.52% at 2,403 units vs 2,299 units YoY.
- GST Council Meet – Karnataka Finance Minister seeks levy to protect state revenues; discussions on rate rationalisation & revenue loss estimates.
- Srinivas Injeti appointed as Public Interest Director on NSE board; earlier served as IFSCA Chairman.
- GST Council likely approves issuance of export refunds within 7 days; refunds on inverted duty structure (textile, pharma, chemicals, fertilisers) on provisional basis.
- BHEL bags ₹2,600 crore order from MB Power for Anuppur Thermal Project.
- Sharika Enterprises secures JSW Renew Energy contract for advanced 33KV Smart Switchgear for wind project.
- Swiggy hikes platform fees to ₹15 – third hike in three weeks.
- Jane Street files case against SEBI at SAT, says SEBI not providing docs in market manipulation case.
- Caplin Point gets US FDA nod for Milrinone Lactate in 5% Dextrose Injection (heart failure treatment).
- Arkade Developers to acquire 100% stake in Woollen & Textile Ind, Bhandup for ₹148 crore.
- Uttarakhand Govt signs ₹6,800 crore deal for ropeway projects to Kedarnath & Hemkund Sahib.
- US Macro Data – Factory Orders (Jul) -1.3% vs -4.8% prior; JOLTS Job Openings at 7,181K vs 7,437K prior.
- RailTel Corp receives ₹149.5M work order.
- LTTS partners with SiMa.ai for innovation in mobility, healthcare, industrial automation & robotics.
- Muthoot Microfin approves $15M bonds + ₹150 crore NCDs via private placement.
- Campus Activewear acquires land at Pantnagar for ₹74.75 crore; to invest ₹230 crore to expand capacity by FY28.
- Maruti Suzuki targets SUV growth, exports to 100+ countries, focuses on 5-star Bharat NCAP safety; studies GST impact before pricing.
- Varun Beverages to acquire 26% stake in Jager Renewables Two Pvt Ltd for captive solar power in Rajasthan.
- Vedanta faces scrutiny in Odisha; project halted over tribal rights violation claims.
- Aarti Pharmalabs inaugurates new Atali (Gujarat) facility; Phase 1 with 440 kL capacity; scalable 8–10x; eyes ₹1,000 crore CDMO/CMO revenue.
- PFC in focus as EAM Jaishankar discusses green hydrogen & financing with Germany.
- Borosil Renewables Q1 EBITDA ₹630M vs ₹228M YoY; EBITDA margin 18.2% vs 6.14%; profit ₹360M vs ₹160M loss YoY.
- Parag Milk & Jubilant FoodWorks – GST on paneer & pizza bread may be waived off: Awaaz.
- Kaynes Technology to launch first made-in-India semiconductor chip on Oct 5.
- VA Tech Wabag bids for $1B orders; visibility for ₹3,500 crore additional projects.
- Netweb Tech wins ₹1,734 crore order for servers based on NVIDIA Blackwell architecture.
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