Donald Trump's change of tune, Kotak Bank large trade, Sun Pharma USFDA action, Apple 17 and more

A new day, a new newsletter. Today, we focus on some big developments, from Trump's softening of stance and words towards India, USFDA's action on Sun Pharma plant, to France's new PM, last night's new iPhone 17 and more. Here's all you need to know
Donald Trump's change of tune, Kotak Bank large trade, Sun Pharma USFDA action, Apple 17 and more
Donald Trump's change of tune, Kotak Bank large trade, Sun Pharma USFDA action, Apple 17 and more
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Published Sep 10, 2025 | 1:24 AM GMT-04
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Donald Trump says US, India continuing trade negotiations, look forward to speak to PM Modi


US President Donald Trump wrote on his Truth Social on Wednesday, September 10, that India and the US are continuing negotiations to address the trade barriers between the two countries, marking the second such remark he has made over the last few days with regards to ties with India.


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Insurance CEOs to meet Finance Ministry officials today over GST concerns


Top executives of insurance companies are scheduled to meet officials of the Department of Financial Services (DFS) on Wednesday (September 10) between 10 am and 11:30 am to discuss recent Goods and Services Tax (GST) changes, according to sources.


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Macron appoints Defence Minister Lecornu as France's new prime minister


French President Emmanuel Macron appointed Defence Minister Sébastien Lecornu as France's new prime minister and tasked him with immediately trying to get the country's fractious political parties to agree on a budget for one of the world's biggest economies.


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Kotak Mahindra Bank shares worth ₹6,256 crore change hands as SMBC plans an exit


Shares of Mumbai-based private lender Kotak Mahindra Bank Ltd. will be in focus on Wednesday, September 10, after 3.22 crore shares changed hands in a large deal in the pre-open block window.


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Sun Pharma shares in focus after the latest USFDA action on its Halol facility


Shares of India's largest drugmaker, Sun Pharma Ltd., will be in focus on Wednesday, September 10, after the US Food and Drug Administration (FDA) classified its Halol manufacturing facility in Gujarat as "Official Action Indicated" (OAI) following an inspection conducted between June 2 and June 13, 2025.


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India-US officials likely to have an exchange of trade delegations soon: Sources


After a period of uncertainty and changing geopolitical orientation, the India-US ties appear to be en route to 'normalisation'.  After US President Donald Trump's post on Truth Social, which underscored the ongoing trade negotiations, sources have now told CNBC-TV18 that India-US officials are likely to have an exchange of trade delegations soon.


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Poland scrambles jets, shuts Warsaw Airport over Russian drones


Poland scrambled military jets and shut a major airport in its capital after reports that Russian strike drones crossed into the nation’s airspace from neighbouring Ukraine.


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Trump visits DC restaurant and says he’ll send troops to another city


President Donald Trump said he plans to deploy federal troops to another US city, as he made a surprise visit to a Washington, DC, restaurant in a bid to argue his federal takeover of the city’s law enforcement is working.


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Royal Enfield cuts prices by up to ₹22,000 on the 350cc range after GST reform


Mid-size motorcycle maker Royal Enfield on Tuesday (September 9) announced that it will pass the full benefit of the recent GST rate reduction to its customers across its motorcycle business, service, apparel, and accessories segments. The move comes in the wake of reforms introduced by the GST Council, aimed at making products more affordable.


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Steel industry ignored domestic metcoke until import pressure, says Piyush Goyal


Pitching for import substitution to achieve self-reliance in supply chains across sectors, Commerce and Industry Minister Piyush Goyal said that the steel sector did not buy domestic metcoke and continued importing even when the latter needed protection. He added that had domestic metcoke production stopped, India’s steel industry would have been at the mercy of imports.


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Apple unveils iPhone 17 with bigger display, stronger cameras, and faster chip


Apple has unveiled the iPhone 17, bringing a host of upgrades aimed at improving performance, photography, and everyday usability. The new phone comes with a 6.3-inch Super Retina XDR display featuring ProMotion technology, which allows for smoother scrolling and more responsive touch with up to a 120Hz refresh rate.


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