🗞️ Daily Business Brief – SEP 30, 2025
- Freight Tiger secures additional ₹120 Cr ($13.5M) investment from Tata Motors to accelerate AI-led freight transformation.
- Swiss chocolates & watches to be cheaper in India from Oct 1 as India-EFTA TEPA comes into effect; aims $100B investment, 1M jobs in 15 years, focus on sustainable growth & green tech.
- RITES signs MoU with Etihad Rail to expand mobility sector collaboration in UAE.
- Govt cracks down on e-commerce platforms for failing to pass on GST cuts.
- India to hold FTA talks with EU & Qatar in 1st week of October: Sources.
- SEBI extends new algo trading rules timeline till Jan 5, 2026.
- Registration of retail algo products via API by Nov 30, 2025.
- Brokers must join at least one full mock trading session by Jan 3, 2026.
- Non-compliant brokers barred from onboarding new clients.
- Zaggle acquires Greenedge to boost corporate loyalty & golf-based rewards.
- Lupin receives US FDA approval for Rivaroxaban for Oral Suspension (used for Venous Thromboembolism treatment).
- SEBI penalises SwanCorp executive for insider trading violations.
- ICICI Bank gets GST show cause notice of ₹216 Cr from Mumbai tax body.
- Fiscal Deficit Data:
- Apr–Aug deficit at 38.1% of FY26 target (₹15.68 Lk Cr).
- Deficit at ₹5.98 Lk Cr vs ₹4.35 Lk Cr YoY.
- Capex at ₹4.31 Lk Cr vs ₹3.01 Lk Cr YoY.
- Swan Defence inks MoU with Samsung Heavy Industries for shipbuilding & engineering projects.
- Navi Mumbai International Airport gets aerodrome license from DGCA, paving way for commercial ops.
- India Monsoon – 8% above average rainfall June–Sept; best monsoon in 5 years, says IMD.
- Financial Services Bureau recommends R Chander as LIC MD.
- Waaree Energies sets up 950 MW solar module manufacturing line in Gujarat.
- Govt fixes domestic natural gas price at $6.96/MMBTU for Oct 2025; ceiling $6.75/MMBTU; no impact on CNG/PNG consumers.
- Kaynes Tech: UST & Kaynes Semi to set up ₹3,330 Cr OSAT facility in Gujarat.
- Jindal Power gets CCI approval to acquire Jaiprakash Associates.
- KNR Construction secures ₹72.8 Cr EPC project from GHMC for Kukatpally “Y” Junction flyovers.
- K.P. Energy forms partnership with Jeonbuk Province (South Korea) to advance global green hydrogen ecosystem.
- Zydus Lifesciences extends closing date for Sterling Biotech API business acquisition to Dec 31, 2025.
- Newgen Software hit by Qatar court order to pay $1.37M + QAR 200,000 damages; evaluating legal remedies.
- Polyplex Corporation faces DGTR anti-dumping probe on PET film imports from China, USA, Bangladesh & Thailand.
- Borosil faces anti-dumping investigation on borosilicate table & kitchen glassware imports from China.
- Royal Challengers Bengaluru:
- Adar Poonawalla among bidders for RCB.
- RCB owners seek $1.5B+ valuation for franchise.
- Buyers keen on entire stake, not part-deal.
- Diageo declines comment on speculation.
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