Bajaj Auto has received a tax demand of Rs. 34.74 crore from the GST authorities following a departmental review of input tax credit claims and related documentation. The company has stated that the demand includes tax, interest, and penalties, and it intends to challenge the order through appropriate legal channels. This development comes at a time when several automotive firms are facing heightened scrutiny under indirect tax provisions. The issue underscores the broader regulatory push to ensure compliance across the manufacturing sector.

India’s solar manufacturing landscape is entering a new phase of strategic expansion as Websol Energy Systems and Linton Crystal Technologies formalize a partnership to establish domestic production of photovoltaic (PV) ingots and wafers. The collaboration aims to reduce reliance on imported components, particularly from China, and reinforce India’s vertically integrated solar supply chain.

The Union government is re-evaluating the future of the Sanchar Saathi app, with Communications Minister Jyotiraditya Scindia indicating that the platform may either be retained or discontinued depending on a comprehensive performance review. Designed to help consumers trace stolen mobile phones, verify SIM cards, and curb telecom-related fraud, the app has been widely used since its launch. However, officials are examining whether its functions can be integrated into broader digital governance platforms to streamline services.

Tata AutoComp has strengthened its international presence by acquiring IAC Sweden, a key supplier of automotive interior components, and rebranding the business under the new identity “Artifex.” The strategic transaction aligns with the company’s ambition to build a globally competitive auto component ecosystem, expand its technological capabilities, and integrate advanced design solutions into its offerings.

The government initiated an Offer for Sale (OFS) in Bank of Maharashtra, reducing its stake in the state-owned lender as part of its broader divestment strategy. The move aims to deepen market participation, enhance liquidity, and advance the Centre’s ongoing disinvestment roadmap for public-sector banks. The two-day share sale, open to institutional and retail investors, received active market attention as pricing aligned with prevailing valuations and broader sectoral sentiment.

Gold and silver prices retreated after a strong multi-session rally, as investors opted to book profits amid shifting global cues and a cautious trading environment. The pullback comes after both precious metals recently touched multi-week highs, supported earlier by softer U.S. yields, geopolitical uncertainty, and expectations of monetary easing. While the broader outlook for bullion remains constructive, traders temporarily stepped back to reassess valuations and await key economic data scheduled later this week.

Expectations are rising that the Reserve Bank of India (RBI) may deliver a rate cut in December as inflation stays comfortably within the central bank’s target range. With price pressures easing, core inflation softening, and global commodity costs stabilizing, the monetary policy environment appears increasingly favorable for a shift toward accommodation. Economists believe a calibrated rate reduction could support domestic demand, ease borrowing costs, and reinforce growth momentum at a time when global uncertainty persists.

Reliance Retail has completed a significant restructuring exercise aimed at enhancing operational efficiency, sharpening business focus, and preparing the company for its next phase of expansion. The overhaul integrates various retail verticals under a consolidated framework, aligns strategic priorities, and optimizes capital allocation across its fast-growing businesses. As India’s largest retailer, Reliance Retail is positioning itself to strengthen its omnichannel capabilities, accelerate digital integration, and deepen its presence across consumer categories.

Wipro has completed its acquisition of HARMAN’s Digital Transformations Solutions (DTS) unit, marking a significant strategic move aimed at accelerating the company’s global digital engineering and product innovation capabilities. The integration brings advanced embedded software expertise, a strong client portfolio, and deep engineering talent under Wipro’s umbrella. The acquisition is expected to strengthen the company’s position in fast-growing sectors such as automotive, telecom, healthcare, and connected technologies.

India’s equity markets ended lower as sustained foreign investor outflows and weakness in banking stocks pressured the benchmark indices. Despite supportive domestic cues, selling by foreign institutional investors (FIIs) intensified, reflecting caution ahead of global macroeconomic events and concerns over interest-rate trajectories. Banking counters, particularly large-cap lenders, dragged the broader market, while select sectors showed resilience. The session underscored the heightened sensitivity of Indian equities to global risk sentiment, currency movement, and liquidity trends.