🗞️ Daily Business Brief – SEP 10, 2025
- Larry Ellison, Oracle ($ORCL) founder surpasses Elon Musk of Tesla ($TSLA) to become world’s richest person.
- Rail Vikas Nigam emerges as the lowest bidder for a project worth ₹169.5 Cr from West Central Railway.
- 63 Moons arm raises ₹180 crore via private placement of 18 crore equity shares.
- Tega Industries intends to acquire Molycop in consortium with Apollo Funds at an enterprise value of $1.5 billion.
- Torrent Pharma to acquire 26% stake in arm for Gujarat hybrid power project.
- Keystone Realtors board clears fund raise of up to ₹375 crore via NCDs.
- Bank of Baroda cuts overnight MCLR rates by 10 bps from 7.95% to 7.85% w.e.f. September 12, 2025.
- Cabinet clears ₹3,169 cr plan to double 177-km Bhagalpur–Dumka–Rampurhat rail line.
- Sasken Technologies CTO Girish BVS resigns w.e.f. September 12, 2025.
- Revenue Department to monitor prices to ensure GST cuts are passed on; CBIC directs officers to track rate cuts.
- Reliance Industries incorporates Reliance Intelligence Ltd as wholly owned subsidiary.
- Mutual Fund Data (August): Net equity inflow at ₹33,417 Cr vs ₹42,672 Cr (MoM); Gold ETF inflow ₹2,190 Cr vs ₹1,256 Cr (MoM); ETF inflow ₹7,244 Cr vs ₹4,477 Cr (MoM); SIP inflows ₹28,265 Cr vs ₹28,464 Cr (MoM).
- Union Cabinet approves ₹7,616 crore for infrastructure projects in Bihar.
- India–Myanmar discussions to procure rare earth minerals; govt asks PSUs & private firms to explore prospects; alert on rebel-controlled mining areas in Northeast Myanmar.
- AU Small Finance Bank CFO Vimal Jain passes away due to cardiac arrest.
- Inox Wind raises FY26 EBITDA margin guidance to 18–19% (from 17–18%).
- Semiconductor push: Govt to double incentives to $20B by Dec; projects include Tata-PSMC ($11B), TSAT ($3.2B), Micron ($2.8B), CG Power-Renesas ($0.4B), HCL-Foxconn ($0.4B).
- BYD executives to visit India; exploring tie-up with Adani Group for lithium-ion batteries; existing links with Olectra Greentech & Landmark Cars.
- PSU Banks rally up to 4% on consolidation buzz (Union Bank, Bank of India, others).
- Neogen Chem says India will have 6 giga factories by 2027; strong demand for battery chemicals ahead.
- Zodiac Energy commissions two solar power plants (1.57 MWP & 1.23 MWP) in Gujarat.
- Highway Infrastructure signs ₹189.7 Cr contract with NHAI for toll plaza ops on Delhi–Vadodara expressway spur to Jaipur.
- Mazagon Dock begins negotiations with Indian Navy on submarine project P75(I).
- Jupiter Wagons subsidiary bags ₹113 Cr railway order for 9,000 LHB axles.
- Bajaj Finserv reports Aug’25 premiums: ₹2,063 Cr (general insurance GWP) and ₹1,484.88 Cr (life insurance new business).
- Astral acquires remaining 20% stake in Astral Coatings for ₹75 Cr; becomes wholly-owned subsidiary.
- TCS study highlights AI & digital twins to transform aerospace by 2035.
- Lupin receives USFDA approval for Risperidone long-acting injectable with 180-day CGT exclusivity.
- Rainbow Children’s Medicare inaugurates 100-bed hospital in Rajahmundry, Andhra Pradesh.
- Tata Communications partners Cisco to advance eSIM & IoT connectivity solutions.
- Premier Explosives bags ₹78.3M order from Ministry of Defence.
- Shipping Corporation of India takes delivery of VLGC “Shivalik” (54,534 MT DWT capacity).
- NMDC in focus as govt exempts critical, strategic & atomic minerals from public consultations.
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