🗞️ Daily Business Brief – SEP 18, 2025
- Biocon arm – Retinal disorder drug Yesafili gets public funding in Canada.
- Vedanta – Named preferred bidder for Punnam manganese block in Andhra Pradesh.
- Samir Modi (Godfrey Phillips) – Arrested by Delhi Police on rape charges; remanded to custody, to be presented before Saket court.
- India & UAE – Working to finalise bilateral trade in local currencies soon.
- Texmaco Rail – Wins fresh order worth ₹86.85 crore from Ultratech Cement.
- SEBI – Gives clean chit to Adani Ports, Adani Power, Adani Ent, Rajesh Adani, Gautam Adani & 3 others w.r.t. Hindenburg allegations.
- Consumer Affairs Dept – Issues fresh circular under Legal Metrology Act to ensure GST benefits passed on to existing stock & inventory.
- US–India trade – Resolution on additional 25% US tariff expected in 8–10 weeks, says Chief Economic Adviser V. Anantha Nageswaran.
- IREDA – Sanctions ₹1,134 crore loan to Insolation Green Energy arm to finance 4.5 GW solar cell manufacturing unit.
- Dr. Reddy’s – Co-promoters transfer 20.58% stake via off-market deal to family trusts for succession planning.
- Sasken Tech – Partners with Vicone to deliver end-to-end automotive cybersecurity solutions.
- Bloomberg – Reports China continues relentless gold buying despite high prices, aiming to reduce dependence on US dollar.
- Sterling & Wilson Renewable Energy – Receives ₹50.41 crore tax demand from Kenya Revenue Authority; company to file appeal.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
