26 Sep 2025

Prime Minister Shri Narendra Modi outlined the government's continued focus on GST reforms and economic strengthening, noting that citizens will benefit from reduced tax burdens and increased savings. He recalled the 2017 introduction of GST and highlighted the latest structural reforms earlier this year. Modi also discussed key initiatives, including tax exemptions for individuals earning up to INR 12 lakh, and developments in India's defence manufacturing, such as the upcoming production of AK-203 rifles. Emphasizing self-reliance and research, he encouraged global investment, citing India's resilient growth despite geopolitical uncertainties.Read more

26 Sep 2025

The Andhra Pradesh Metro Rail Corporation (APMRC) has authorized joint venture (JV) participation in the International Competitive Bidding (ICB) tenders for Phase 1 of the Visakhapatnam and Vijayawada metro rail projects. This move aims to encourage wider participation and expedite project completion. The Phase 1 tenders cover 46.23 km in Visakhapatnam and 38 km in Vijayawada, accounting for 40% of each project's cost and focusing on civil works. The APMRC has set the tender submission deadlines for Visakhapatnam and Vijayawada metro projects as October 10 and October 14, respectively, with no plans for extensions. The metro projects are expected to be completed within 35 to 40 months and become operational by 2028.Read more

25 Sep 2025

JSW Group is preparing to raise about INR 70,000 crore (around USD 790 million) by issuing zero-coupon bonds through its holding company JTPM Metal Traders. The funds will mainly support JSW Paints' acquisition of up to a 75% stake in Akzo Nobel India, recently cleared by the Competition Commission of India. The bonds will mature in four years and seven months, carry an 8.50% yield, and include put and call options after three years. The issue is rated AA by Crisil and Care Ratings, with anchor investors expected to contribute close to INR 21,000 crore.Read more

25 Sep 2025

Glottis, a Chennai-based integrated logistics service provider, has set a price band of INR 120-129 per share for its INR 307-crore initial public offering. The issue includes a fresh equity sale of INR 160 crore and an offer for sale of up to 1.14 crore shares worth INR 147 crore by promoters. The IPO will open for public subscription towards the end of this month, with anchor investor bidding scheduled shortly before. Proceeds will be directed towards acquiring commercial vehicles, reducing debt, and corporate needs. At the upper price band, the company's valuation stands close to INR 1,200 crore.Read more

25 Sep 2025

JM Group entities, including JM Financial, JM Financial Services, and JM Financial Products, have settled with SEBI over irregularities in the 2023 public issue of Piramal Enterprises NCDs. The group paid INR 3.92 crore and disgorged additional gains of over INR 2.5 crore. SEBI found that loans and coordinated trades were used to provide guaranteed profits to 1,008 applicants on the listing day, reducing retail ownership sharply. JMFL, JMFSL, and JM Financial Products have also agreed to temporary bans on managing or distributing debt securities and IPO financing activities.Read more

24 Sep 2025

The government is actively monitoring whether the recent GST rate cuts for FMCG products are reflected in e-commerce pricing. Field authorities have been asked to track price changes on essential items following consumer complaints. The GST simplification has reduced rates to 5 and 18 per cent, potentially lowering costs for most daily-use goods. Companies have confirmed that some are passing on the tax benefits. Authorities are awaiting detailed reports on 54 commonly purchased products, including food items, personal care products, electronics, diagnostic kits, and construction materials.Read more

23 Sep 2025

ACME Solar Holdings has secured INR 1,100 crore in financing from the State Bank of India for its 300 MW Rajasthan renewable energy project. The funds will refinance existing debt, cutting financing costs by approximately 100 basis points, and come with a 17-year tenure. Operational for six months, the project has maintained strong capacity utilization. This refinancing supports ACME Solar's strategy to optimize financing across its portfolio and improve its credit profile. The company, which has a diversified renewable energy portfolio and an operational capacity of 2,890 MW, is positioned for significant growth in the coming years.Read more

23 Sep 2025

SEBI Chairman Tuhin Kanta Pandey stressed the importance of accelerating asset monetisation in sectors such as railways, roads, airports, energy, petroleum, gas, and logistics to channel more investor money into infrastructure. Speaking at an event organised by NaBFID, he highlighted the role of Infrastructure Investment Trusts (InvITs), Real Estate Investment Trusts (REITs), public-private partnerships, and securitisation as funding mechanisms. Pandey also pointed out that state governments need to prepare monetisation plans, and broadening the investor base is vital to reduce reliance on banks and government budgets while ensuring transparency and governance.Read more

23 Sep 2025

India Accelerator (IA) has acquired co-working operator MySOHO in a cash-equity deal, furthering its ambition to build one of the most comprehensive startup-focused ecosystems in India. MySOHO currently operates 18 centres across eight cities, spanning 90,000 sq. ft. with 1,800 desks at nearly 90 per cent occupancy. The acquisition supports IA's target to expand its footprint to over 45 hubs across more than 30 cities, offering 6,25,000 sq. ft. of workspace and 12,500 seats.Read more

22 Sep 2025

A FICCI CASCADE report on GST 2.0 highlights that the revised structure will reduce household tax incidence, support MSMEs, and encourage formalisation of the economy. The reform increases the number of goods in the 5 per cent bracket from 54 to 149 categories. For rural families, exempt and merit goods in their spending basket will rise to 73.5 per cent, and for urban households to 66.2 per cent. This will leave more disposable income with consumers and reduce incentives for illicit trade. Despite short-term revenue loss, long-term gains through compliance and consumption are expected.Read more