🗞️ Daily Business Brief – SEP 04, 2025
- PM Modi spoke with EC President António Costa & EC President Ursula von der Leyen; exchanged views on efforts to end conflict in Ukraine.
- Commerce Minister Piyush Goyal said India is predominantly a domestic economy; exports still relatively small share of GDP; #USTariffs impact limited.
- Shriram Finance raises December quarter growth target to 18% as GST cut lifts sentiment.
- Mahesh Patil expects GST cuts to lift auto, FMCG, and consumer durables earnings by 4–10% in next fiscal.
- Syrma SGS gets Andhra govt clearance for ₹856-crore package to set up India’s largest printed circuit board plant.
- HDFC Life to switch to new GST regime from September; expects long-term demand boost.
- Mukesh Ambani hails GST reforms; Reliance Retail to pass benefits to consumers immediately.
- Sammaan Capital appoints Himanshu Mody as Deputy CEO effective September 4, 2025.
- Bharat Forge’s Agneyastra acquires 950-acre land in Andhra Pradesh for defence manufacturing complex.
- US Jobless Claims rise to 2.37 lakh for week ended Aug 30 vs 2.29 lakh in previous week.
- NTPC discontinues operations of Tanda Thermal Power Station Stage-1 from September 1, 2025.
- Amul says it will pass on all GST reform benefits to consumers & producers.
- RC Bhargava, Maruti Suzuki says GST cuts to lower car prices by 2–2.5%; expects 5–8% growth in small car sales.
- Rajiv Bajaj, Bajaj Auto says two-wheeler industry will hit fresh highs; future launches to focus below 350cc.
- Insurance companies under pressure after CBIC says no inversion benefits or ITC relief for industry.
- Shree Digvijay Cement approves SPA & distribution deals; True North Fund to sell 50.1% stake to IRF entities.
- Concord Control Systems unveils India’s first 100% indigenous zero-emission propulsion system for diesel locomotives.
- Reliance Communications receives promoter share reclassification request from Reliance Capital to ‘public’ category.
- Tata Motors JLR UK August sales down 15% YoY at 2,284 units vs 2,681 units.
- Vakrangee partners with SBI General Insurance to expand insurance access across rural & semi-urban India.
- Eamlease incorporates new wholly-owned foreign subsidiary in Singapore to strengthen global presence.
- Poly Medicure signs agreement to acquire 90% economic rights in Pendracare Group via subsidiary Risor Holdings B.V.
- Zydus Lifesciences signs exclusive licensing & supply deal with Synthon for generic Ozanimod capsules in U.S. market.
- Team Lease gets backing from Singapore PM Wong to support India’s state-level skill development centres.
- Kaynes Tech in focus as PM Modi highlights Singapore’s participation in Semicon India 2025, joint work on quantum, AI & skilling.
- Shipping sector in focus as India & Singapore sign accord on Green Shipping Corridor.
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