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The competition regulator has updated its regulations concerning commitments and settlements. These adjustments introduce revised submission schedules for regulated entities. Professionals must carefully track these procedural changes to maintain compliance.
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TVS Motor Company plans to boost its electric two-wheeler production to 80,000 units monthly by March 2027. This expansion follows a doubling of second-quarter EV sales as electric models capture over 20 percent of India's scooter market. Competitors like Bajaj Auto and Ather Energy are similarly scaling up manufacturing capabilities.
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The Indian rupee appreciated by 3 paise to settle at 95.25 against the US dollar supported by favorable domestic market trends and lower crude oil prices. The currency opened at 95.20 and hit an intra-day low of 95.38. Experts anticipate ongoing pressure due to a robust dollar and hawkish Federal Reserve commentary.
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The Finance Ministry estimated gross domestic product growth for the July-September period at 7.35 percent. Officials noted that fluctuating crude oil prices present potential risks to domestic input costs. Economic stakeholders are monitoring these inflationary headwinds closely.
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Domestic stock markets experienced a strong rally, with the Sensex jumping 905 points and the Nifty index closing above the 22,900 mark. Market participants attributed the upswing to five key domestic and global catalysts. Investor sentiment remained highly optimistic throughout the trading session.
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Indian stock markets closed in positive territory, driven by gains across major counters. The Nifty 50 index registered an increase of 1.05 percent by the end of the trading session. Broader market sentiment remained upbeat as buying interest spanned multiple sectors.
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A specialized industry event convened in Mumbai to evaluate growth trajectories and technological innovations within unified payments. Financial technology leaders and payment operators discussed the evolving digital transaction landscape. Stakeholders focused on scaling infrastructure to support future payment volumes.
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Indian equity markets concluded the trading day in positive territory, driven by gains across major indices. The Nifty 50 registered an increase of 1.05 percent by the final bell. Investors witnessed broad participation across multiple sectors.
Effective Not specified in the update
For professionals: Monitor official exchange updates and sector-specific volumes before adjusting asset allocations. · Track upcoming macroeconomic releases and corporate earnings announcements for further directional cues. · Track broader index movements closely to align your portfolio strategy with prevailing market momentum.
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Defence Minister Rajnath Singh stated that India will safeguard commercial shipping and counter cross-border terrorism. He reaffirmed this zero-tolerance stance at the 13th ASEAN Defence Ministers Meeting Plus in the Philippines.
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Kotak Mahindra Bank shares surged 4.3 percent to reach 459 rupees, marking their highest level since April 2025. The rally follows the bank's announcement of a 26 percent increase in consolidated net profit, totaling 5,645 crore rupees for the September quarter.
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Cyclone Arnab caused severe disruption to Howrah-Chennai rail operations after the Bahuda river breached danger levels at two bridges in Odisha's Ganjam district. The East Coast Railway cancelled nine trains, including the Bhubaneswar-Visakhapatnam Vande Bharat Express and Visakha Express, while diverting 14 others. Authorities provided food and water supplies to stranded passengers.
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Recent goods and services tax updates introduce guidelines regarding mandatory and optional tables for GSTR-9 and GSTR-9C filings. The notification details specific reporting relaxations and exemption thresholds applicable for the 2025-26 financial year.
Effective Financial year 2025-26
For professionals: Review the notification details carefully to determine client filing thresholds for the financial year 2025-26. · Prepare reconciliation statements between audited financial statements and outward or inward supplies reported monthly or quarterly. · Update internal accounting systems and verify exact exemption limits and mandatory table requirements with tax consultants.
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