Govt to Clarify PN3 Rules to Ease Land-Border Investments
Govt may soon issue detailed FAQs to clarify grey areas under PN2/PN3
PN2/PN3 is Press Note 3, which deals with FDI rules for nations sharing a land border with India
An FAQ has been finalised and will be rolled out soon, say officials
Clarity expected on the 10% threshold for beneficial ownership
Separately, an amendment to FDI rules is possible, potentially ahead of the BRICS Summit
Govt may soon issue detailed FAQs to clarify grey areas under PN2/PN3
PN2/PN3 is Press Note 3, which deals with FDI rules for nations sharing a land border with India
An FAQ has been finalised and will be rolled out soon, say officials
Clarity expected on the 10% threshold for beneficial ownership
Separately, an amendment to FDI rules is possible, potentially ahead of the BRICS Summit
New Listing Today
Annu Projects Limited to List at 72 on NSE -27.27% Discount
Sumax Engineering Limited to List at 111 on NSE +9.9%
Annu Projects Limited to List at 72 on NSE -27.27% Discount
Sumax Engineering Limited to List at 111 on NSE +9.9%
MAX FIN:
EXPECT APE TO GROW 200 -500 BPS OVER INDUSTRY AVERAGE
EXPECT TO OUTPERFORM INDUSTRY AVERAGE GROWTH IN AUG
EXPECT APE TO GROW 200 -500 BPS OVER INDUSTRY AVERAGE
EXPECT TO OUTPERFORM INDUSTRY AVERAGE GROWTH IN AUG
GPT INFRA: DECLARED L1 FOR ₹483.7 CR ORDER FROM RVNL
• Declared L1 (First Lowest) for a ₹483.7 Cr contract, including GST.
• Order value: ₹410 Cr + GST.
• Client: Rail Vikas Nigam Ltd (RVNL).
• Scope: Construction of Important Bridge 544 over Mahanadi River in Odisha.
• Project involves a 32×65.84m Open Web Steel Girder bridge for the Nergundi–Barang 3rd & 4th line project.
• Declared L1 (First Lowest) for a ₹483.7 Cr contract, including GST.
• Order value: ₹410 Cr + GST.
• Client: Rail Vikas Nigam Ltd (RVNL).
• Scope: Construction of Important Bridge 544 over Mahanadi River in Odisha.
• Project involves a 32×65.84m Open Web Steel Girder bridge for the Nergundi–Barang 3rd & 4th line project.
MARUTI SUZUKI: EECO CROSSES 15 LAKH CUMULATIVE SALES MILESTONE
• Eeco crosses 15 lakh cumulative sales in India since its launch in January 2010.
• Latest 5 lakh units sold in just 3.5 years — fastest milestone in its journey.
• 65% of FY26 sales came from rural markets; 55% customers are first-time buyers.
• Eeco offered in 13 variants across passenger, cargo and ambulance segments.
• S-CNG share rose to 48% in FY26 from 12% in FY20.
• Maruti Suzuki launches Eeco Star Edition with 18 exclusive exterior & interior accessories.
• Eeco crosses 15 lakh cumulative sales in India since its launch in January 2010.
• Latest 5 lakh units sold in just 3.5 years — fastest milestone in its journey.
• 65% of FY26 sales came from rural markets; 55% customers are first-time buyers.
• Eeco offered in 13 variants across passenger, cargo and ambulance segments.
• S-CNG share rose to 48% in FY26 from 12% in FY20.
• Maruti Suzuki launches Eeco Star Edition with 18 exclusive exterior & interior accessories.
ZEN TECH:
CO SAYS FY27 WILL SEE BETTER PROFITABILITY FROM NOW
CO AIM FOR 25% PAT MARGIN, 35% EBITDA MARGIN IN FY27 - TV
CO SAYS FY27 WILL SEE BETTER PROFITABILITY FROM NOW
CO AIM FOR 25% PAT MARGIN, 35% EBITDA MARGIN IN FY27 - TV
L&T: INDIA RATINGS REAFFIRMS TOP CREDIT RATINGS
• NCD rating reaffirmed at ‘IND AAA’ with Stable outlook.
• Commercial Paper rating reaffirmed at ‘IND A1+’.
• Ratings indicate L&T’s strong capacity to meet both long-term and short-term financial commitments.
• NCD rating reaffirmed at ‘IND AAA’ with Stable outlook.
• Commercial Paper rating reaffirmed at ‘IND A1+’.
• Ratings indicate L&T’s strong capacity to meet both long-term and short-term financial commitments.
VAIBHAV GLOBAL: CARE RATINGS UPGRADES CREDIT RATING
• ₹120 Cr bank facilities rating upgraded to ‘CARE A+; Stable / CARE A1+’ from ‘CARE A+; Stable / CARE A1’.
• Upgrade based on FY26 audited and Q1FY27 unaudited performance.
• Total rated bank facilities: ₹120 Cr.
• Punjab National Bank: ₹48 Cr | HDFC Bank: ₹34 Cr | Yes Bank: ₹21 Cr | SBI: ₹15 Cr.
• ₹120 Cr bank facilities rating upgraded to ‘CARE A+; Stable / CARE A1+’ from ‘CARE A+; Stable / CARE A1’.
• Upgrade based on FY26 audited and Q1FY27 unaudited performance.
• Total rated bank facilities: ₹120 Cr.
• Punjab National Bank: ₹48 Cr | HDFC Bank: ₹34 Cr | Yes Bank: ₹21 Cr | SBI: ₹15 Cr.
BAJAJ AUTO, RAKESH SHARMA SAYS
Continued Growth In LatAM Market Boosted Exports
There's An Element Of 'Stocking Up' In Export Numbers Due To West Asia War
Will Have An Entirely Upgraded & Refurbished Portfolio Over The Next Few Months
In Nigeria, Monthly Run-rate Is Currently Around 30,000 Units
EV Demand Has Surged Over Last Few Months & Capacity Is Challenged
Majority Of The Sales Contribution Of e2W Is From Above 1 Lakh Category
Continued Growth In LatAM Market Boosted Exports
There's An Element Of 'Stocking Up' In Export Numbers Due To West Asia War
Will Have An Entirely Upgraded & Refurbished Portfolio Over The Next Few Months
In Nigeria, Monthly Run-rate Is Currently Around 30,000 Units
EV Demand Has Surged Over Last Few Months & Capacity Is Challenged
Majority Of The Sales Contribution Of e2W Is From Above 1 Lakh Category
AXIS MAX LIFE INSURANCE, SUMIT MADAN SAYS
Strong Business Looks Sustainable & Scalable
Expect APE To Grow 200-500 Bps Over Industry Average
Expect To Outperform Industry Average Growth In August
Expect VNB Margin To Be Between 25-26% In FY27
Axis Bank Has Expressed A Desire To Increase Its Stake In Axis Max Life
Strong Business Looks Sustainable & Scalable
Expect APE To Grow 200-500 Bps Over Industry Average
Expect To Outperform Industry Average Growth In August
Expect VNB Margin To Be Between 25-26% In FY27
Axis Bank Has Expressed A Desire To Increase Its Stake In Axis Max Life
SEMICON INDIA 2026 SEES STRONG GLOBAL INTEREST
• 240+ international companies expected to participate.
• Strong participation expected from Korean, Taiwanese, Japanese, European and US chip firms.
• Chinese semiconductor companies may participate for the first time, though unlikely to exhibit.
• Govt expects European and US chip equipment manufacturing to shift to India in the near term.
• Event expected to strengthen India’s position in the global semiconductor supply chain.
• 240+ international companies expected to participate.
• Strong participation expected from Korean, Taiwanese, Japanese, European and US chip firms.
• Chinese semiconductor companies may participate for the first time, though unlikely to exhibit.
• Govt expects European and US chip equipment manufacturing to shift to India in the near term.
• Event expected to strengthen India’s position in the global semiconductor supply chain.
PARLIAMENTARY PANEL TO DISCUSS DIRECT TAX REFORMS ON THURSDAY
Standing Committee on Finance to discuss simplification, rationalisation and ease of compliance
Officials from Revenue dept and CBDT to attend the meeting
Discussion to focus on implementation of the Income-tax Act, 2025, direct tax revenue performance, tax buoyancy, compliance and tax reforms
Standing Committee on Finance to discuss simplification, rationalisation and ease of compliance
Officials from Revenue dept and CBDT to attend the meeting
Discussion to focus on implementation of the Income-tax Act, 2025, direct tax revenue performance, tax buoyancy, compliance and tax reforms
CourtCorner | IIFLHomeFin case
👉Bombay HC Grants Protection To Co From Action By Tax Authorities
👉Tax Dept Won’t Take Coercive Action Under Aug 23 Assessment Order
👉BombayHC To Next Hear The Case On October 5
👉Bombay HC Grants Protection To Co From Action By Tax Authorities
👉Tax Dept Won’t Take Coercive Action Under Aug 23 Assessment Order
👉BombayHC To Next Hear The Case On October 5
V2 RETAIL: IND-Ra UPGRADES CREDIT RATINGS
• Long-term rating upgraded to ‘IND A’ with Positive outlook from ‘IND A-’.
• Short-term rating upgraded to ‘IND A1’ from ‘IND A2+’.
• Upgrade supported by over 60% YoY scale growth driven by store expansion and strong same-store sales.
• FY26 EBITDA rose to ₹45.44 Cr from ₹25.78 Cr; EBITDA margin improved to 14.85% from 13.7%.
• Strong position in value retail segment with growing presence across Tier-2 and smaller cities.
• Asset-light expansion strategy supports growth with limited capital intensity.
• Long-term rating upgraded to ‘IND A’ with Positive outlook from ‘IND A-’.
• Short-term rating upgraded to ‘IND A1’ from ‘IND A2+’.
• Upgrade supported by over 60% YoY scale growth driven by store expansion and strong same-store sales.
• FY26 EBITDA rose to ₹45.44 Cr from ₹25.78 Cr; EBITDA margin improved to 14.85% from 13.7%.
• Strong position in value retail segment with growing presence across Tier-2 and smaller cities.
• Asset-light expansion strategy supports growth with limited capital intensity.
RELIANCE
JioHotstar Announces International Launch Across UK, Canada & Singapore
JioHotstar Announces International Launch Across UK, Canada & Singapore