🗞️ Daily Business Brief – SEP 21, 2025
- H1B Visa Clarification – $100,000 is a one-time petition fee, not annual. Existing H-1B holders outside India won’t be charged for re-entry.
- PM Modi on GST & Swadeshi – Calls for #MadeInIndia push; GST reforms simplify taxes, many goods fall into 5% or free category.
- NTPC – Exploring overseas uranium asset acquisitions to secure fuel for nuclear projects.
- Amul – Cuts prices of 700 products to fully pass GST reduction benefits to customers.
- H1B Visa Impact – Nasscom says adjustments could ripple through US job economy; India & firms reducing dependence on visas; awaiting clarity on discretionary waivers.
- NBCC – Wins orders worth ₹117 Cr.
- Shipping Corporation of India (SCI) – Signs MoU with BPCL, HPCL & IOC to jointly acquire, own, operate, and manage vessels.
- Redington – Enters definitive agreement with Datagate Bilgisayar, deal valued at $8M.
- Swan Defence – Signs MoU with Gujarat Maritime Board for ₹4,250 Cr investment at Pipavav Port across 3 key projects: ₹3,500 Cr shipyard expansion, ₹200 Cr maritime CoE, and ₹550 Cr maritime cluster development.
- Lupin – US FDA issues 4 observations for Pune Biotech facility after pre-approval inspection (Sept 8–9, 2025).
- Garden Reach Shipbuilders (GRSE) – Signs 5 MoUs expanding presence in maritime and expedition cruise segment.
- PNC Infratech – Receives LoA worth ₹495.5 Cr for bridge & road project in Bihar.
- Netweb Technologies – Gets orders worth ₹450 Cr for Tyrone AI GPU accelerated systems.
- India Sovereign Rating – Upgraded to BBB+ (Stable) by R&I, Japan.
- Hariom Pipes – MoU with Maharashtra govt; plans ₹3,135 Cr investment to set up integrated steel plant in Gadchiroli.
- Indoco Remedies – US FDA issues Form 483 with zero observations for API unit at Patalganga, Navi Mumbai.
- Oil India & Hindustan Copper – MoU signed to collaborate on exploration & development of critical minerals.
- SEBI – Engages stakeholders to simplify KYC for FPIs, underlines market reforms & India’s growth story.
- Overseas Education – Enquiries drop 46% for US (YoY) and 75% for Canada (2 years): Report.
- India Critical Minerals – Govt mulls setting up a strategic reserve for emergency use (Bloomberg).
- Moody’s – US recession odds rise to 48%, highest since 2020, amid weak job market and record -911K payroll revision.
- ICICI Bank – To consider Q2 results on Oct 18.
- Sony India – Expects double-digit festive sales growth after GST cut.
- Sterling and Wilson – South African tax demand cut sharply from ₹40.24 Cr to ₹9.59 Cr.
- Laxmi Dental – Completes acquisition of 49% equity and 9% CCPS stake in IDBG AI Dent Global Pvt Ltd.
- Adani Green Energy – Sets up two new step-down subsidiaries (Adani Ecogen One & Two) to expand renewable power generation.
- Ceigall India – Declared lowest bidder for ₹1,700 Cr BESS project in MP by Rewa Ultra Mega Solar.
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