Toyota Kirloskar Motor has announced a price cut for its popular SUV, the Fortuner, following adjustments in the Goods and Services Tax (GST) structure. The revision, aimed at aligning taxation with market dynamics, has effectively reduced the cost of ownership for one of India’s most sought-after premium utility vehicles. Industry observers suggest that the price correction could further strengthen the Fortuner’s dominance in the SUV segment, where it already commands a significant market share, while also intensifying competition among rival brands in the Rs. 30 lakh–Rs.

In a landmark development for neurodevelopmental healthcare, the U.S. Food and Drug Administration (FDA) has approved leucovorin, a folate-based medication, for the treatment of autism spectrum disorder (ASD). The decision represents a significant step forward in addressing the complex medical needs of individuals with autism, a condition that affects millions worldwide. Clinical trials demonstrated that leucovorin can improve communication, social interaction, and behavioral outcomes in certain subgroups of patients, particularly those with folate metabolism irregularities.

Epack Prefab Technologies, a fast-growing player in the prefabricated structures and modular building solutions sector, has opened its initial public offering (IPO) for subscription. The issue, which seeks to raise fresh capital and provide partial exits to existing shareholders, comes at a time when demand for cost-efficient, sustainable, and rapidly deployable infrastructure is accelerating across India.

The Kutch region of Gujarat has emerged as the latest battleground for two of India’s most influential business conglomerates—Reliance Industries, led by Mukesh Ambani, and the Adani Group, helmed by Gautam Adani. Both groups have announced large-scale investments in energy, infrastructure, and logistics projects, transforming Kutch into a focal point of India’s industrial ambitions. While Reliance is channeling resources into renewable energy and green hydrogen, Adani is expanding its stronghold in ports, power, and integrated logistics.

The Securities and Exchange Board of India (SEBI) has launched a consultation process to review the existing framework for options contract expiries, a move aimed at improving market liquidity, reducing volatility, and strengthening investor confidence. The proposal comes at a time when India’s derivatives market has witnessed exponential growth in volumes, particularly in weekly index options. By seeking industry feedback, SEBI intends to balance market depth with systemic stability, while ensuring that regulatory oversight keeps pace with the evolving trading landscape.

The Navi Mumbai International Airport (NMIA), one of India’s most ambitious infrastructure projects, is rapidly approaching its operational phase, with authorities confirming significant progress in construction and system integration. Designed to ease congestion at Mumbai’s overburdened Chhatrapati Shivaji Maharaj International Airport, the greenfield project is poised to redefine the region’s aviation and logistics ecosystem.

Jaguar Land Rover (JLR), the British luxury automaker owned by Tata Motors, has extended its temporary production shutdown until October 1. The decision comes amid ongoing supply chain disruptions, particularly shortages of semiconductors, which continue to affect global automobile manufacturing. The company emphasized that the extension is a precautionary measure aimed at aligning production schedules with available component supplies.

The Indian stock market continues to demonstrate resilience in the face of global uncertainty, with HSBC projecting a positive outlook for equities in the near term. According to the global financial services major, India’s strong macroeconomic fundamentals, steady corporate earnings, and robust capital inflows position the country as a favored investment destination.

The Securities and Exchange Board of India (SEBI) has announced an increase in the minimum net worth requirement for custodian firms to Rs 75 crore, signaling stricter regulatory oversight in the financial services sector. The move aims to strengthen the operational resilience, financial stability, and risk management capabilities of custodians handling securities and investor assets. Analysts suggest that this step will enhance investor protection, ensure higher compliance standards, and align India’s custodian framework with global best practices.

Jain Resource Recycling Ltd’s initial public offering (IPO) witnessed strong early interest, achieving 73% subscription on its first day of bidding. The encouraging response reflects investor confidence in the company’s sustainable waste management and recycling business, which aligns with rising environmental and ESG-focused investment trends. Analysts note that the company’s plans to deploy IPO proceeds toward capacity expansion, technology upgrades, and working capital requirements have resonated with both retail and institutional investors.