Corporate Updates

• Godrej Industries – Approved allotment of NCDs worth ₹400 crore each under Series 1 and Series 2.

• KEC International – Secured orders worth ₹3,243 crore in international T&D business; YTD order intake now ~₹11,700 crore.

• KFin Technologies – Denied media reports of General Atlantic planning to offload 10–15% stake at 5–8% discount.

• Paytm – Invested ₹300 crore in Paytm Money and ₹155 crore in Paytm Services via rights issue.

• Emkay Global Financial Services – Board approved preferential issue of up to ₹227.5 crore; Kirti Doshi (via Antique Securities) acquired >21% stake.

• Tata Investment Corporation – Set October 14, 2025 as record date for 1:10 stock split.

• Suraj Estate Developers – Launched Suraj Park View 1 project in Dadar, Mumbai with GDV of ₹250 crore.

• RVNL – Emerged L1 bidder for Southern Railway project worth ₹145 crore.

• Brigade Enterprises – Entered JDA for residential project in Bengaluru; GDV ~₹1,200 crore.

• Kolte-Patil Developers – Seeking shareholder approval to raise up to ₹2,500 crore via securities issuance.

• Hyundai Motor India – Achieved 11,000 dealer billings on first day of Navratri, best in 5 years. Expects strong festive demand. Tapan Kumar Ghosh resigned as National Sales Head, effective Oct 3.

• Maruti Suzuki – Delivered ~30,000 cars and recorded 80,000 enquiries on Navratri’s first day.

• Alkem Laboratories – Launched Pertuza injection (pertuzumab biosimilar) in India for HER2+ breast cancer treatment.

• JBM Auto – Subsidiary JBM Electric Vehicles partnered with UAE’s Al Habtoor Motors as exclusive importer/distributor of its e-buses.

• Birla Corporation – RCCPL, its wholly owned subsidiary, declared preferred bidder for Guda-Rampur limestone & manganese block by Telangana Govt.

• Amber Enterprises India – Raised ₹1,000 crore via QIP (12.58 lakh shares at ₹7,950 each). Investors include Nomura India, Invesco, HDFC Life, Allianz Global, and HDFC MF.

Market & Policy Developments
• Amazon – Launches GST storefront for festive discounts.
• Euler Motors – Targets ₹400 crore revenue in FY26.
• SBI Research – Suggests RBI may deliver another 25 bps rate cut.
• PhonePe – Reports 40% YoY revenue growth; turns FCF-positive ahead of IPO.
• SEBI – Proposes glitch-management rules with relief for small brokers.
• Diamond Industry – Exports projected to fall 17–20% in FY26 due to US tariffs.
• Hero Future Energies – Secured ₹1,000 crore funding from SBI.
• Coal Exchange – Draft trading rules introduced.
• Berkshire Hathaway – Fully exits BYD after 17 years.
• SME Lending – Small business loans rose 20% in FY25 to ₹2.48 trillion.
• H-1B Visa – Rising costs may spur offshoring & local US hiring.
• Jio Payments Bank – Launches Savings Pro account with 6.5% interest.
• IndusInd Bank – Appoints Viral Damania as CFO.
• NBCC-HUDCO – Sign pact for projects worth ₹117 crore.
• Global Renewables – Bezos-backed alliance eyes $7.5 billion investment in emerging markets.
• GST 2.0 – Expected to cut grocery bills by 13% and reduce car prices by up to ₹70,000.
• Insurance – Premiums lowered following GST exemption.
• Vedanta – Denied extension for Cambay Basin oil & gas block.
• India–US Trade – Indian exports to US fell 22% (May–Aug).