Daily Recap: Business — 30 September 2026

Business news centers on capital raising and expansion, with Indian dealmaking standing out as companies line up billion-dollar listings and restructuring plans. At the same time, technology demand and digital payments keep reshaping corporate growth, while regulators continue to...

Micron projects quarterly revenue and profit above Wall Street expectations as demand for AI memory chips continues to lift its business. The company also delivers results that beat estimates, reinforcing how spending on artificial-intelligence infrastructure is feeding through to semiconductor suppliers tied to high-bandwidth and data-center memory.

Inox Clean Energy files draft papers with India’s market regulator for an initial public offering worth up to ₹10,000 crore. The planned share sale, roughly equivalent to about $1 billion, adds to a growing pipeline of large Indian listings tied to clean energy and infrastructure investment.

Coca-Cola is weighing a December draft filing for an IPO of its India bottling unit in a deal valued at roughly $1 billion. If it proceeds, the move would extend the recent wave of large India-focused equity offerings and give investors direct exposure to a key consumer distribution business.

JSW Cement and Shiva Cement approve a merger that will fold the listed subsidiary into its parent under a 5:41 share swap ratio. The companies expect the transaction to take 12 to 14 months to complete, subject to approvals, as the group simplifies its structure and consolidates operations.

The Federal Reserve’s inspector general says a roughly $2.4 billion renovation of the central bank’s Washington headquarters suffered from management problems and cost overruns but finds no reasonable grounds to believe federal criminal law was broken. The watchdog says it does not make criminal referrals, limiting its conclusions to oversight findings.

Binance is expanding its payments reach in Japan by letting eligible overseas Binance Pay users spend USDT at merchants that accept PayPay through an integration with HIVEX. The rollout targets inbound travelers, aiming to make digital-asset payments usable across a broad existing merchant network.

Broken Hill Gold says it has secured two historic goldfields near its White Dam project, doubling its landholding in South Australia. The company says the newly added areas previously produced 48,400 ounces of gold, with reported grades of as much as 23 grams per tonne, strengthening its regional exploration position.