Maruti Suzuki, India’s largest carmaker, has announced a reduction in vehicle prices after the recent Goods and Services Tax (GST) rate cut on automobiles. The move, effective immediately, is aimed at passing the benefit of lower taxation directly to customers, thereby boosting demand in a sector that has faced headwinds in recent quarters. The price adjustments vary across models, making both entry-level and premium vehicles more affordable.

The Finance Ministry has issued a directive urging eligible taxpayers to opt for the Updated Payment System (UPS) before the September 30 deadline. This compliance window, designed to streamline tax administration and encourage voluntary disclosures, provides individuals and businesses with an opportunity to revise past filings, correct discrepancies, and settle pending liabilities without facing severe penalties.

Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s leading financial institutions, has finalized the acquisition of a 20% equity stake in Yes Bank. The move marks a significant step in deepening bilateral financial cooperation between India and Japan while strengthening Yes Bank’s capital base and growth prospects. The strategic partnership is expected to provide Yes Bank with enhanced global expertise, improved governance standards, and greater access to international markets, while SMBC gains a stronger foothold in one of the world’s fastest-growing banking sectors.

India has agreed to extend the repayment deadline for a significant bond issued to the Maldives, providing much-needed fiscal breathing room for the island nation. The move reflects New Delhi’s continued role as a key economic partner for its neighbor in the Indian Ocean, underscoring the strategic dimension of financial assistance in bilateral relations. The extension comes at a critical juncture, as the Maldives faces heightened debt obligations and economic pressures, particularly from tourism fluctuations and external borrowing.

Natco Pharma has secured a crucial regulatory milestone with its Kothur manufacturing facility receiving clearance from the United States Food and Drug Administration (USFDA). This development underscores the company’s compliance with stringent international quality standards and strengthens its prospects in the highly regulated U.S. pharmaceutical market. The approval is expected to enhance Natco Pharma’s export capabilities, broaden its product pipeline, and support long-term growth.

Seshaasai Tech is preparing to launch its initial public offering (IPO) on September 23, aiming to raise fresh capital to fund its next phase of growth. The company, which operates in the secure printing, IT-enabled services, and digital transformation space, has positioned itself at the intersection of technology and data-driven solutions. With the IPO, Seshaasai Tech intends to strengthen its balance sheet, expand capacity, and pursue new opportunities in fast-evolving markets.

Jaro Education, a prominent player in India’s edtech sector, is set to launch its initial public offering (IPO) on September 23 with the objective of raising Rs. 450 crore. The offering marks a critical step in the company’s growth journey, providing it with the financial bandwidth to expand operations, invest in technology, and diversify its learning solutions portfolio.

PepsiCo’s global chief executive recently met Prime Minister Narendra Modi, reiterating the multinational’s long-term commitment to India as a strategic growth market. The discussions focused on expanding investments, enhancing manufacturing capabilities, and supporting India’s agricultural ecosystem. With rising consumer demand, a young population, and government emphasis on food processing and rural development, PepsiCo views India as central to its global growth strategy.

Mangalam Worldwide has announced its migration to the National Stock Exchange (NSE) mainboard, a move that underscores the company’s growing scale and aspirations in India’s capital markets. The transition from a smaller exchange platform to the mainboard reflects improved financial strength, compliance maturity, and investor confidence. It also broadens the company’s visibility among institutional and retail investors alike, potentially unlocking greater liquidity and valuation opportunities.

A fire outbreak at Hindalco Industries’ U.S. subsidiary Novelis has forced a suspension of operations at one of its key facilities in New York. The incident, though swiftly contained, has prompted the company to temporarily halt production as authorities and safety teams assess the extent of the damage. While no casualties have been reported, the disruption is expected to impact short-term output in North America, a critical market for Novelis’ aluminum products.