Relief: Tax audit date pushed
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🗞️ Essar Green Mobility eyes USD 1b turnover
Essar’s green mobility venture plans to build a 10,000-truck platform combining LNG and electric vehicles, aiming for a ~$1 billion (~₹8,850 cr) turnover in three years.
💬 Expert Take — “If Essar can execute the infrastructure rollout and vehicle deployment smoothly, this could redefine green logistics in India.”
🗞️ Simple Energy raises $10M for pan-India expansion
The Bengaluru EV startup has secured $10 million in equity to ramp up its sales & service network and R&D efforts.
💬 Expert Take — “In the EV race, after product, network is the differentiator — this funding will test how fast Simple Energy can scale.”
🗞️ Tax audit deadline extended to October 31, 2025
CBDT has formally revised the last date for filing tax audit reports under Section 139(1) for FY 2024-25 to October 31, 2025.
🗞️ ₹69,725 cr package approved to revive shipbuilding & maritime
The Union Cabinet has approved a ₹69,725 crore package to boost India’s shipbuilding, port infrastructure, financing and regulatory reforms.
💬 Expert Take — “This is one of India’s boldest bets at becoming a maritime power. Success hinges on state-centre alignment and speedy project execution.”
🗞️ Capri Global to raise up to ₹400 cr via NCD issue
Capri Global plans to issue non-convertible debentures (NCDs) worth up to ₹400 crore to shore up capital.
🗞️ Glottis IPO price band fixed at ₹120–129
Logistics firm Glottis fixes its IPO price band at ₹120 to ₹129 per share for the upcoming issue.
🗞️ Gold slips ₹125 as markets eye U.S. inflation data
Gold futures fell ₹125 to ₹1,12,430 per 10 g as investors awaited fresh U.S. inflation prints.
🗞️ Telangana clears ₹3,745 cr investment proposals
The state government approved proposals from Coca-Cola, JSW UAV, and others, aiding mango & orange growers and spurring industrial growth.
📊 Market Update
📉 Sensex: 81,159.68 ▼ 555.95 pts
📉 Nifty 50: 24,890.85 ▼ 166.05 pts
💱 USD/INR: ₹88.67
🪙 Gold (MCX, per 10 g): ₹1,13,144
🛢️ Brent crude: $69.04 / bbl