Stay ahead with today’s key market updates across corporates, financials, and regulatory actions.
🔑 Major Developments
IRFC Signs Mega Loan Deals Worth ₹16,489 Crore
Indian Railway Finance Corporation (IRFC) inked two major loan agreements to fund supercritical thermal power projects in Haryana and Maharashtra.
- ₹5,929 crore with Haryana Power Generation Corporation for an 800 MW unit at Yamunanagar’s DCRTPP.
- Balance for Maharashtra’s upcoming project.
Bharat Electronics Bags ₹1,092 Crore in New Orders
The defence PSU secured multiple contracts for electronic warfare upgrades, defence networks, tank sub-systems, TR modules, EVMs, and communication gear.
Man Industries Faces SEBI Ban
SEBI barred Man Industries and three top executives, including the Chairman, from securities markets for 2 years over alleged fund diversion, round-tripping, and misrepresentation of financials.
JSW Infra Arm Faces ₹96.58 Crore GST Notice
Ennore Coal Terminal Pvt Ltd (ECTPL), a JSW Infrastructure subsidiary, received a show cause notice from GST authorities for alleged tax violations.
Godrej Agrovet Warned by SEBI
The regulator flagged delayed disclosures in its indirect acquisition of Astec Lifesciences, citing violations of takeover regulations.
M&M to Exit Sampo Rosenlew Oy
Mahindra & Mahindra signed a Share Purchase Agreement to sell its entire stake in SAMPO to TERA Yatirim for €5 million (~₹52 crore). Completion is expected by October 6, 2025.
🛍️ Consumer & Lifestyle
- PN Gadgil: Launches Litestyle shop-in-shop in Nagpur for lightweight jewellery.
- Brand Concepts: Wins exclusive India license for Superdry travel gear & handbags.
- Thomas Cook: Partners with Ministry of Tourism; subsidiary launches Sterling Rampath Ayodhya as its 11th spiritual property.
- Globus Spirits: Unveils premium ‘TERAI India Craft Vodka’.
- Stanley Lifestyles: Signs pact with Singer for sofa distribution in Sri Lanka.
🏢 Corporate Moves & Investments
- Zaggle Prepaid: Approves acquisition of 1.3 lakh shares in Greenedge Enterprises, invests up to ₹25 crore.
- HMT: Writes off ₹23.9 crore uncertain interest from HMT Machine Tools.
- Saraswati Commercial: To acquire 18 lakh shares of Trualt Bioenergy worth ₹89 crore.
- NDR Auto & Bharat Seats: Major promoter stake transfers to Rohit Relan Family Trust for succession planning.
- Sundaram Finance Holdings: Sells 39% stake in Sundaram Composite Structures to Brakes India.
- Tilaknagar Industries: Approves ₹2,295 crore fundraising via share allotment and convertible warrants.
- CERA Sanitaryware: Exits Race Polymer Arts LLP for ₹16.5 crore.
- Phoenix Mills: Retail rental income up 18% YoY at ₹1,951 crore; EBITDA up 20% YoY at ₹2,010 crore.
🚚 Logistics & Infrastructure
- Blue Dart: To hike shipment rates by 9–12% effective Jan 1, 2026.
- Allcargo Gati: Announces 10.2% price increase in Express Distribution from Jan 1, 2026.
- Oriental Rail: Wins ₹4.4 crore order from Indian Railways for seats & berths.
- RailTel Corp: Bags ₹37.5 crore smart video surveillance order from Visakhapatnam Port.
- SEPC: Secures ₹32.6 crore order from Avenir International Engineers.
🏦 Banking & Finance
- Bank of India: Keeps lending rates (MCLR & RBLR) unchanged.
- Bank of Maharashtra: Cuts 1-year MCLR by 5 bps.
- Info Edge: Invests ₹12 crore in subsidiary Zwayam Digital.
- Religare Enterprises: Care Health Insurance allots 1.7 crore shares worth ₹256 crore.
- 360 One WAM: Arms complete business transfers with Credit Suisse Securities and UBS.
- PTC India Financial: Clarifies unexpected resignations of 3 Independent Directors.
🏭 Manufacturing & Energy
- BEML: Sets Nov 3 as record date for stock split.
- TGV SRAAC: Expands solar power capacity to 55.4 MW.
- Borana Weaves: Adds 108 looms; capacity to reach 346 mn meters by Oct 2025.
- Mangalore Chemicals: Acquires Zuari Agro Chemicals’ phosphate plant in Mahad for ₹72.75 crore.
- Garware Technical: Reports strong growth across Rockfall, Landfill & Lining segments.
- DCX India: Wins ₹50 crore order.
- Camlin Fine Sciences: Approves ₹101 crore share allotment.
- Tata Steel: Signs health project pact with Netherlands & North-Holland.
🏢 Retail & Services
- Avenue Supermarts (DMart): Opens 431st store in New Delhi; issues ₹100 crore commercial paper.
- Urban Company: Gets ₹51 crore GST demand notice from Mumbai tax body.
- BLS E-Services: Subsidiaries drop SBI CSP acquisition plans.
- GNG Electronics: Registers new branch Electronics Bazaar BLC in UAE.
- Prime Focus: Board to meet Oct 3 to evaluate exit options for United Al Saqer Group in DNEG.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.