QUICKREADS

BYD plans sub- ₹20 lakh electric SUV for India in direct rivalry with Tata Motors, Mahindra

BYD Co. plans to re-enter the Indian market following improved India-China relations. The company will send its India Managing Director and senior staff to assess operations and introduce the Atto 2 electric SUV, targeting local competition. With resumed business visas, BYD aims to expand its presence in India, where it currently ranks as the fourth-largest electric carmaker.

India plans relief package for exporters hit by 50% US tariffs

India's Union Cabinet will review a support package for exporters affected by US tariffs, proposing measures like collateral-free loans and subsidized interest rates. The initiative aims to mitigate losses from the 50% tariffs impacting labor-intensive sectors. The government plans to allocate Rs 25,000 crore over six years to aid exporters, amid hopes for improved India-US trade relations.

Skoda to cut price by up to ₹3.3 lakh to pass on full GST benefits to customers

Skoda Auto India announced price cuts of up to Rs 3.3 lakh across its entire product range, effective September 22, to pass on GST reduction benefits to customers. Notable reductions include Rs 3,28,267 for the Kodiaq SUV and Rs 1,19,295 for the Kylaq. The move aims to enhance accessibility and value for buyers, according to Brand Director Ashish Gupta.

GST on drones slashed to 5% from 12/18% earlier as part of rationalisation move

Government slashes GST on drones to uniform 5% from previous 12-18%, aiming to boost technology adoption across sectors like agriculture, infrastructure, and defense. The move is expected to create jobs and support India's drone technology leadership.

‘The pain is behind us’, Ujjivan Small Finance Bank CEO says amid plans for ₹2,000-crore QIP

Ujjivan Small Finance Bank plans to raise Rs 2,000 crore in core capital over two years to support growth initiatives, including expanding branches and increasing its loan book. CEO Sanjeev Nautiyal expressed optimism about overcoming past challenges and aims for a universal bank license from the RBI. The bank anticipates normalization in microfinance loan stress and significant deposit growth.

India auto stocks, led by M&M, add $33 billion in value on GST reforms

India's automakers, led by Mahindra & Mahindra, are benefiting from recent GST reforms, boosting their profit outlook. The Nifty Auto index rose 12.5% after tax reductions on vehicles, while overall market growth remained modest. The reforms are expected to stimulate demand for entry-level cars, with auto stocks gaining $33 billion in market capitalization.

OpenAI is in talks with Reliance Industries to bring Stargate to India: Report

OpenAI is negotiating with Reliance Industries and Indian data centres to bring Stargate, a $500-billion supercomputing project, to India. The talks involve local data storage, power infrastructure, and potential government-backed investment in the country's AI ecosystem.

Full benefit of GST rate cuts must be passed on to consumers, Piyush Goyal says

Union Minister Piyush Goyal urged Indian companies to fully pass on GST rate cuts to consumers, enhancing domestic demand and creating employment opportunities. Speaking at an EEPC event, he emphasized that the recent cuts, effective from September 22, will foster economic growth and strengthen India's position as a global superpower, with a GDP target of $30 trillion by 2047.

Zerodha spots a unique risk factor in Physics Wallah's draft IPO papers

Zerodha highlights unique risk factors in Physics Wallah's IPO draft, including a staff member pushing a student and a student threatening a faculty member with a slipper, amid the company's plans for a Rs 3,820 crore IPO and significant revenue growth.

Tesla market share in US drops to lowest since 2017 as competition heats up

Tesla's US market share dropped to 38% in August, its lowest since 2017, as competitors offer attractive EV deals. Rivals like Hyundai and Volkswagen are growing rapidly, challenging Tesla's dominance amid slowing sales and limited new model offerings.

Can Apple hold the line on iPhone 17 pricing amid tariff turbulence?

Apple's September 2025 keynote may introduce four iPhone 17 models, including a new slim 'Air' variant, with potential design updates, in-house modem, and advanced A18 Pro chip. Pricing challenges exist due to global economic fluctuations, with base model estimated around ₹86,000.

After Lux, Santoor is confident of overtaking Lifebuoy as well

Santoor is expected to surpass Hindustan Unilever Ltd.'s Lifebuoy as India's top-selling soap brand within a year, according to Wipro Consumer Care CEO Vineet Agrawal. Santoor, valued at over Rs 2,700 crore, has diversified its product range. Despite challenges like low consumer sentiment, Wipro continues to expand its personal care segment through successful acquisitions.

Mumbai declares Eid-e-Milad holiday today: Are Sensex, Nifty open or closed on September 8?

Maharashtra declared a public holiday on September 8 for Eid-e-Milad, but Mumbai's stock markets (BSE and NSE) will remain open. The holiday commemorates Prophet Muhammad's birth, shifted to avoid clashing with Ganesh Chaturthi festivities.

Tata Motors to Mahindra, carmakers start announcing new car prices after GST rate cut

Tata Motors, Mahindra, and Renault announce price cuts on vehicles following GST rate reduction. Small cars now taxed at 18%, larger vehicles at 40%. Discounts range from ₹49,000 to ₹1.56 lakh, potentially boosting festive season sales.

After Tata, Mahindra, price drop for Maruti Suzuki cars next? Here's what auto manufacturer said

The GST Council's recent tax reform, reducing passenger vehicle tax to 18%, has sparked optimism in the market ahead of the festive season. Major automakers like Tata Motors, Mahindra, and Renault are slashing vehicle prices by up to ₹1.6 lakh to pass on GST benefits, potentially boosting small car sales by 10% this financial year.