Savings Effect

🔹 Avalon Tech executed a lease deed for 25.1 acres of land at the SIPCOT Industrial Park in Tamil Nadu to set up a new industrial unit. 🔹 Isgec Heavy Engineering issued a Rs 61 crore letter of comfort in favor of its joint venture Isgec Titan Metal Fabricators. 🔹 Samvardhana Motherson approved the conversion of 1.45 lakh compulsory convertible debentures (CCDs) and allotted 10.3 crore shares at Rs 140.50 per share. 🔹 Novartis India approved raising up to Rs 900 crore through a rights issue. 🔹 Waaree Renewable Technologies received a Letter of Award from a public sector undertaking for a 5 MWp grid-connected solar PV project including 10 years of operation and maintenance. 🔹 Polycab India moved NCLAT to challenge an NCLT insolvency admission order involving a Rs 2.79 crore claim, with the appeal scheduled for hearing on October 9. 🔹 KEC International secured new orders worth Rs 1,030 crore across its transmission and distribution, renewables, and cables businesses in India, Bhutan, Saudi Arabia, and the Americas. 🔹 Tilaknagar Industries Chief Financial Officer Rajesh Choudhary resigned to pursue external career opportunities. 🔹 Krsnaa Diagnostics received in-principle approval from NSE and BSE to issue 16.2 lakh convertible warrants. 🔹 Jubilant Pharmova subsidiary Jubilant Draximage Inc announced a CAD 94.5 million investment to expand its Kirkland unit and double production capacity for RUBY-FILL. 🔹 Jaykay Enterprises executed a loan agreement to grant a Rs 100 crore facility to its subsidiary JK Defence & Aerospace.

Airtel Money targets $700 million share sale in what could be London’s biggest IPO in five years Airtel Money’s London IPO prices shares at £1.96, valuing the business at £5.3 billion, with Qatar Investment Authority and Mastercard among the selling investors.

TCS says US green card programme suspension won't hit hiring plans; PERM applications in 'single digits' -TCS says PERM suspension will not impact its US strategy. -Company had single-digit PERM applications in past two years. -US suspended major tech firms from the green card program.

PATELENG — 96.48% 🔻 VAIBHAVGBL — 81.10% 🔻 AFFORDABLE — 80.00% 🔻 SPMLINFRA — 74.35% 🔻 PRECAM — 71.20% 🔻 OMINFRAL — 69.82% 🔻 REPRO — 69.75% 🔻 WEBELSOLAR — 64.40% 🔻 GLOBALVECT — 64.12% 🔻 INNOVATORS — 63.67% 🔻 MHRIL — 62.95% 🔻 SIYSIL — 54.26% 🔻 TAC — 53.33% 🔻 ATULAUTO — 51.38% 🔻 ELECON — 43.76% 🔻 TECHD — 38.03% 🔻 EIMCOELECO — 35.92% 🔻 SUDARSCHEM — 26.55% 🔻 ADVAIT — 24.64% 🔻 YATHARTH — 14.29% 🔻 EXATO — 13.94% 🔻 NEULANDLAB — 13.26% 🔻 MAHALIFE — 11.23% 🔻

📱 GSMA chief Vivek Badrinath says India should explore 5G network slicing for more tailored telecom services.

🇮🇳 Indians accounted for 19% of claimants under Ireland’s Special Assignee Relief Programme in 2024 — the largest share.

GST Council approves faster GST refunds, automated registrations and ₹5 crore prosecution threshold

India’s biggest-ever IPO Jio Platforms IPO is likely to hit the primary market on 21 October and likely to be priced around ₹1,300– ₹1,450 per share, according to media reports. The proposed issue size of around ₹37,700 crore could make the Jio Platforms IPO one of India’s largest public offerings.

India will need nearly 16% export growth to hit the target as global trade is expected to expand just 2.5-3%.