📰 India Business Brief: Top Headlines for September 19, 2025

Business Standard

• Indian benchmark indices were expected to remain resilient despite global cues, with Asian markets generally trading higher. The US Federal Reserve's rate cuts contributed to Wall Street hitting record highs.
• The Securities and Exchange Board of India (SEBI) has closed proceedings concerning allegations of fund diversion, related-party transaction violations, and fraud against Adani Group stocks.
• Vedanta has been declared the 'Preferred Bidder' for the Punnam Manganese Block in Andhra Pradesh.
• Euro Pratik Sales' IPO allotment is anticipated to be finalized today.
• Net direct tax collections have seen a 9% rise, reaching ₹10.82 lakh crore.
• The government has eased Goods and Services Tax (GST) price label rules, removing the mandate for advertisements regarding price revisions on unsold goods manufactured before September 22, 2025.
• Maruti Suzuki announced it would reduce car prices by up to ₹1.29 lakh, effective September 22, 2025, passing on the full benefit of recent GST rate reductions.
• Indian Hotels Company Limited (IHCL) aims to become a "superstar" in India's hospitality sector, focusing on growth.
• Pension assets are projected to reach ₹45 trillion in the next five years, according to PFRDA Chairperson S Ramann.

Economic Times

• Indian companies are facing substantial legal battles, with India Inc bleeding ₹62,000 crore, and Reliance and Infosys identified as top spenders.
• Despite the usual trend of increased Foreign Portfolio Investor (FPI) flows following Fed rate cuts, the domestic market (D-Street) is reportedly jittery.
• SEBI has issued a clean chit to Adani Group regarding the Hindenburg allegations.
• Sales for the Apple iPhone 17 series commenced in India today.
• India's Dorf Ketal is pursuing its largest-ever chemicals acquisition with a $1.6 billion bid in Italy.
• India plans to evaluate the implications of a defense pact between Pakistan and Saudi Arabia.
• A debate continues on whether gold loans are a safe investment or a trap for borrowers in India.
• The net direct tax mop-up has increased by 9.18% to over ₹10.82 lakh crore until September 17, FY26.
• A fresh investment cycle is deemed vital for the economy, with India Inc encouraged to step up its bets.
• GST reforms are expected to inject ₹2 lakh crore into the economy and boost demand across various sectors.
• GK Energy raised ₹139 crore from anchor investors ahead of its IPO.
• PayPal-backed Pine Labs is planning an IPO of up to $700 million in October.
• Urban Company shares rallied 69% from their IPO issue price on the second day of trading.
• Gold prices remained steady as investors awaited further cues from the Federal Reserve, despite the recent rate cut.
• Millionaire households in India are projected to increase by 90% to 8.71 lakh by 2025, signaling growing affluence.
• Huawei Technologies is planning a significant move against major chip manufacturers, aiming to launch powerful AI computing clusters within two years despite US restrictions.
• Indian benchmark equity indices closed in the green for the third consecutive session after the US Federal Reserve cut its key interest rate by 25 basis points.
• Foreign portfolio investors (FPIs) became net buyers of Indian shares, extending their alternating cycle of buying and selling.

Mint

• Over 100 companies, including prominent PSUs such as NSDL, Mazagon Dock Shipbuilders, Bharat Dynamics, and National Aluminium Company (NALCO), are trading ex-dividend on September 19, 2025.
• Saatvik Green Energy successfully raised ₹269 crore from anchor investors, with its IPO opening today and an estimated 17% listing premium.
• The impact of the US Federal Reserve rate cut on credit card and mortgage rates is being assessed.
• Former US President Trump lauded Prime Minister Modi and reaffirmed ties with India amidst ongoing trade discussions.
• Oil India has recovered over 91% of its $1 billion investment in Russian projects.
• Gold prices have reached all-time highs.

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Tags: Headlines Business News Economic Times Business Standard Mint Top News