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
Coforge Introduces AI Launchpad, Open-Weight AI Ecosystem for The Enterprise
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
THOMAS COOK INDIA & SOTC: LAUNCH EXCLUSIVE LAKSHADWEEP CHARTERS
• 5 exclusive charter flights from Bengaluru to Agatti, Lakshadweep from December 2026.
• Premium all-inclusive holiday packages focused on seamless connectivity and curated experiences.
• Lakshadweep packages include stays at Praveg’s Atoll, Taj Coral Pearl and IHCL SeleQtions.
• Also launching charter operations from Mumbai to Bhutan during the year-end period.
• 4 differentiated Bhutan holiday packages offered with varied accommodation and experiences.
• 5 exclusive charter flights from Bengaluru to Agatti, Lakshadweep from December 2026.
• Premium all-inclusive holiday packages focused on seamless connectivity and curated experiences.
• Lakshadweep packages include stays at Praveg’s Atoll, Taj Coral Pearl and IHCL SeleQtions.
• Also launching charter operations from Mumbai to Bhutan during the year-end period.
• 4 differentiated Bhutan holiday packages offered with varied accommodation and experiences.
TAC Infosec Ltd's Board approved the appointment of Trishneet Arora as Managing Director for 5 years, subject to member approval.
ONGC Videsh Team Arrives In Venezuela To Review Oil Assets; Eyes Expanded Operations
India’s ONGC Videsh has sent a team to Venezuela to review its existing assets and assess opportunities to expand operations. OVL holds stakes in the San Cristobal and Carabobo-1 projects.
The move comes after the US granted OVL the required approval in July to resume operations in Venezuela. OVL is also pursuing recovery of ~$500 million in stuck dividends and is discussing whether the amount can be received in cash or crude oil.
India’s ONGC Videsh has sent a team to Venezuela to review its existing assets and assess opportunities to expand operations. OVL holds stakes in the San Cristobal and Carabobo-1 projects.
The move comes after the US granted OVL the required approval in July to resume operations in Venezuela. OVL is also pursuing recovery of ~$500 million in stuck dividends and is discussing whether the amount can be received in cash or crude oil.
MILLIONS WORLDWIDE AT RISK OF POST-POLIO SYNDROME, MANY UNAWARE OF THE CONDITION
Millions of people who survived polio could potentially develop post-polio syndrome (PPS) decades after their initial infection, with many unaware that new symptoms such as muscle weakness, fatigue and pain may be linked to their past polio infection.
Millions of people who survived polio could potentially develop post-polio syndrome (PPS) decades after their initial infection, with many unaware that new symptoms such as muscle weakness, fatigue and pain may be linked to their past polio infection.
Denmark’s Novonesis To Invest €600 mn To Expand Maharashtra Facility in Patalganga, Maharashtra; Investment to increase production capacity of enzymes for range of industries
PARLIAMENTARY PANEL TO DISCUSS DIRECT TAX REFORMS, INCOME-TAX ACT 2025 ON SEPT 3
The Parliamentary Standing Committee on Finance, chaired by BJP MP Bhartruhari Mahtab, will meet on September 3 to discuss direct-tax reforms, simplification and ease of compliance.
The panel will hear from the Finance Ministry’s Department of Revenue and CBDT, with discussions covering:
Implementation of the Income-tax Act, 2025
Direct-tax revenue performance
Tax buoyancy
Taxpayer compliance
Rationalisation and simplification of tax reforms
The Parliamentary Standing Committee on Finance, chaired by BJP MP Bhartruhari Mahtab, will meet on September 3 to discuss direct-tax reforms, simplification and ease of compliance.
The panel will hear from the Finance Ministry’s Department of Revenue and CBDT, with discussions covering:
Implementation of the Income-tax Act, 2025
Direct-tax revenue performance
Tax buoyancy
Taxpayer compliance
Rationalisation and simplification of tax reforms