Ola Electric has launched its nine-day "Muhurat Mahotsav" festive sale, offering unprecedented discounts on select electric vehicles (EVs). Beginning September 23, 2025, the campaign features entry-level models like the S1 X (2kWh) scooter and Roadster X (2.5kWh) motorcycle at ₹49,999, while premium variants such as the S1 Pro+ (5.2kWh) and Roadster X+ (9.1kWh) are available at ₹99,999. Units are released in limited time slots daily, creating a first-come, first-served opportunity for buyers.

Motilal Oswal Financial Services has initiated coverage on Sri Lotus Developers and Realty (SRI) with a 'Buy' rating and a target price of ₹250 per share, suggesting a potential upside of approximately 35% from the current market price. The brokerage firm highlights SRI's strong project pipeline, robust presales growth, and strategic focus on premium redevelopment projects in Mumbai. Additionally, SRI's zero-debt status and asset-light business model further enhance its investment appeal.

The Reserve Bank of India (RBI) has initiated a robust three-month campaign, from October to December 2025, to recover unclaimed deposits exceeding ₹67,000 crore. These funds, accumulated in dormant savings and current accounts, matured term deposits, unclaimed dividends, interest warrants, and insurance payouts, have remained inactive for over a decade. Central to the effort is the UDGAM (Unclaimed Deposits – Gateway to Access Information) portal, which allows depositors to trace funds across multiple banks.

Asian equity markets delivered a mixed performance on Tuesday as investors evaluated the implications of potential U.S. Federal Reserve policy decisions, fresh economic data from China, and rising energy prices. While Japan’s Nikkei rebounded on technology gains, Chinese markets traded cautiously amid concerns about property sector weakness, despite new stimulus announcements from Beijing. Broader sentiment across the region remained fragile as global bond yields climbed and crude oil prices edged higher, signaling inflationary pressures.

Billionaire industrialist Gautam Adani has spoken out following a landmark ruling by the Securities and Exchange Board of India (SEBI), which cleared the Adani Group of the most serious charges leveled by U.S.-based short-seller Hindenburg Research. In a detailed letter to shareholders, Adani denounced the report as a calculated effort to undermine India’s corporate rise, asserting that the allegations were not merely against his conglomerate but against the broader ambition of Indian enterprise.

Larsen & Toubro (L&T) and Bharat Electronics Limited (BEL) have announced a landmark partnership to collaborate on India’s ambitious Advanced Medium Combat Aircraft (AMCA) project, a next-generation stealth fighter jet program designed to strengthen the country’s defense autonomy. This alliance will leverage L&T’s expertise in aerospace manufacturing and BEL’s capabilities in defense electronics to develop an indigenous fifth-generation multirole fighter.

Walmart-backed fintech leader PhonePe has filed confidential IPO documents with the Securities and Exchange Board of India (SEBI) to raise approximately Rs. 12,000 crore (about $1.5 billion). The company aims for a potential valuation of $15 billion, positioning it as one of India’s most significant public offerings in the financial technology sector. PhonePe, which dominates the UPI payments space with over 45% market share, is broadening its reach into credit, insurance, and wealth management services.

Digital payments platform PhonePe has reported a substantial improvement in its financial performance, posting a 40% increase in revenue alongside a marked reduction in operational losses. The growth reflects expanding user adoption, higher transaction volumes, and monetization of value-added services. Analysts note that strategic partnerships, technological enhancements, and focus on customer retention have enabled PhonePe to strengthen its position in India’s competitive fintech landscape.

HD Fire Protect, a leading provider of fire protection equipment and solutions, has formally submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). The proposed issue aims to raise capital through a combination of fresh equity issuance and an offer-for-sale by existing shareholders.

India’s rice sector, long dominated by premium basmati exports, is seeing a renewed push toward strengthening non-basmati shipments through revised registration protocols under the Agricultural and Processed Food Products Export Development Authority (APEDA). With simplified compliance requirements, exporters can now secure APEDA registration more efficiently, ensuring smoother participation in international trade. This regulatory development is expected to enhance India’s competitiveness in the global rice market, support farmers, and diversify export revenues.