🗞️ Daily Business Brief – April 22, 2025
- India–US Ties: Diplomats urge strategic guardrails after JD Vance’s visit; concerns over bilateral friction amid tighter digital competition push.
- CCI Approves Bharat Forge–AAM Deal: Bharat Forge gets CCI nod to acquire AAM India Manufacturing with voluntary modifications.
- Gensol Engineering – PFC Concern: ₹307 crore of ₹352 crore lent by Power Finance Corp in 2023 remains unpaid; recovery options being evaluated.
- Steel Secy Backs 12% Safeguard Duty: Justifies the move, citing fair returns as critical for capacity expansion in domestic industry.
- Ather Energy Files IPO RHP: Plans fresh issue of ₹2,626 crore plus OFS of 1.1 crore shares; valuation reportedly cut to ₹12,800 crore (CNBC-TV18).
- IndusInd Bank Orders Forensic Audit: EY appointed to investigate ₹600 crore microfinance discrepancy.
- Puravankara Plans FY26 Launches: Green signal for previously delayed projects; fresh launches expected in H1 FY26.
- Ashoka Buildcon Secures Rail Project: Wins letter of acceptance for ₹568.86 crore Central Railway project.
- Bharti Airtel–Adani Deal: Airtel & Bharti Hexacom to acquire 400 MHz spectrum across 6 circles from Adani Data Networks.
- Digital Competition Bill Delayed: Sources say India may delay the bill to avoid tensions with US amid trade deal talks.
- HDFC Bank Joins Elite Club: Becomes 3rd Indian company with ₹15 lakh crore market cap.
- Ola Electric in Spotlight: Maharashtra cracks down on unlicensed stores; vehicle seizures ordered.
- India–Saudi Strategic Talks: Exploring cooperation in refineries, petrochemicals, cybersecurity & defence manufacturing.
- IMF Outlook – April 2025: Global growth forecasts cut due to trade-related disruptions and rising geopolitical pressures.
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