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RR Kabel signed an agreement on September 25, 2026, to acquire U M Cables for ₹77 crore. This move marks the company’s entry into the optical fibre cable segment. Rajesh Kabra said, "This acquisition is a strategic step in expanding RR Kabel’s presence into the communication infrastructure space." Shares fell slightly.
Godrej Industries invested ₹335 crore in its subsidiary Godrej Investment. The company said the investment happened through equity share acquisition. Godrej Investment holds stakes in Godrej Capital and Godrej Wealth & Asset Management. Separately, Godrej Industries sold a 0.50% stake in Godrej Consumer Products for ₹450.12 crore on September 24.
India and Australia are negotiating a broader economic pact and a bilateral investment treaty to deepen ties. Commerce Minister Piyush Goyal said on Friday, “We are working with Australia to have a bilateral investment treaty also.” Both nations want to boost cooperation in critical minerals, manufacturing, and professional services.
The CGST Secunderabad unearthed a Rs 32.28 crore Input Tax Credit fraud and arrested a company director on September 24. The accused used bogus invoices from non-existent firms to claim credit without receiving goods. Officials said the investigation showed these supplier companies had no genuine business activity at their addresses.
Bank deposits and credit fell in the fortnight ending September 15. Deposits contracted by Rs 2.59 lakh crore, reaching Rs 276.2 lakh crore. Credit growth also slowed to 18.1% from 19.1% in August. A treasury head said banks are "not renewing the high-cost bulk deposits" as overseas inflows provided a cushion.
The ICAI told members to finish statutory compliance before the nationwide bank strike from September 28 to 30. The institute said members should plan assignments early to avoid last-minute difficulties. This ensures timely completion of audits and AGMs, as the strike clashes with important regulatory deadlines falling on September 30.
Tata Sons is facing a major boardroom dispute as its leadership splits with its biggest shareholder, Tata Trusts. The charity arm owns 66% of the company but cannot currently oust chairman N. Chandrasekaran. Lawyer Abhishek Manu Singhvi said, "the conglomerate cannot act like a runaway board" operating independently of shareholders.
Tata Motors expects a 3% margin hit in the July to September quarter due to rising commodity costs. Managing Director Shailesh Chandra said, "The greater worry is the uncertainty." While fuel prices from the Iran war hurt profits, they also pushed many buyers toward electric vehicles and cheaper CNG cars.
US equity funds recorded their first inflows in five weeks in the week ended September 25. Investors purchased $37.6 billion in funds, driven by strong demand for AI applications. While large-cap funds got a boost, small-cap funds saw outflows. Meanwhile, US bond fund inflows jumped to $5.93 billion during the week.
Global equity funds attracted the most inflows since early July in the week to September 25. Investors bought a net $44.1 billion of global equity funds as AI optimism returned. Goldman Sachs strategists said this week that AI investment was driving almost half of S&P 500 earnings-per-share growth this year.
India’s road construction pace will slow to 21 km per day in FY27 from 25 km per day in FY26. CareEdge Ratings said the sector is moving from rapid expansion to execution quality. State governments will now lead road spending as national highway awards fell from their earlier peak levels.
The Union Cabinet will soon take up a revamped model bilateral investment treaty framework. Government sources said, "The draft text of the new BIT framework has been finalised and sent to the Union Cabinet for approval." This update aims to protect sovereign rights while making investment rules more investor friendly.