🗞️ Daily Business Brief – OCT 29 2025
- CONCOR & JNPA sign ₹500 crore MoU for common rail handling operations at proposed Vadhvan Port.
- Reliance Brands to bring Italian fashion label MAX&Co. to India.
- Karnataka High Court allows probe in Ola Electric employee suicide case to continue.
- Rare earth magnets import – Three Indian companies receive first set of licenses from China: Continental India, Hitachi, and Jay Ushin Ltd.
- NVIDIA becomes world’s first $5 trillion company, now bigger than the entire Indian economy.
- DGCA begins phased rollout of revised Flight Duty Time Limitations (FDTL).
👉 New FDTL rules implemented in two phases.
👉 15 clauses implemented from July 1, 2025.
👉 Remaining 7 clauses effective November 1, 2025.
👉 DGCA says rollout ensures safety without disrupting operations.
👉 Regulator calls it a calibrated, reasoned implementation. - Supreme Court uploads Vodafone Idea AGR relief judgement – Centre allowed to reconsider the issue and take an appropriate decision, says apex court.
- Dr. Reddy’s receives Notice of Non-Compliance from Pharmaceutical Drugs Directorate, Canada, regarding ANDS for Semaglutide Injection.
🔹 ANDS = Abbreviated New Drug Submission. - Vedanta Demerger – NCLT re-hearing delayed; next hearing on Nov 12.
🔹 SEBI clarifies it was not satisfied with Vedanta’s post-approval modifications. - Insolation Energy arm bags ₹232 crore turnkey solar project under KUSUM scheme in Rajasthan.
- KPI Green Energy receives LoI for 600 MW RTC (Round-the-Clock) green power project worth ~₹1,050 crore.
- Voltamp Transformers gets LoI for ₹149 crore order to supply various ratings of power transformers.
- Adani Ports clarifies reports on investment in Vadhvan Port.
🔹 Company signs non-binding MoUs with JNPT for Vadhvan Port projects.
🔹 MoUs are expressions of interest, not binding agreements. - Sharda Motor Industries signs technology licence agreement with Donghee Industries Co. Ltd. for advanced suspension products.
🔹 Aims to boost local production for Indian OEMs in SUV, EV, and premium vehicle segments. - Raymond Realty incorporates Chembur Realty as a wholly owned subsidiary to undertake real estate business.
- HPCL plans to expand marketing network pipelines to 6,000 km by FY28.
- Dilip Buildcon awarded back-to-back subcontract worth ₹307.08 crore for development of Barpali Loading Bulb at Kusara; project to be completed in 24 months.
- IRB Infrastructure Developers executes project implementation/management agreements with IRB InvIT Fund as project manager.
🔹 Covers HMTL, KTL, and KGTL projects; total value ₹4,466 crore over 20 years. - Samvardhana Motherson International approves acquisition of Rubbertec Group’s business and assets for AU$5 million; completion expected by Q3 FY26.
- Zydus Lifesciences receives Establishment Inspection Report (EIR) for Baddi facility; classified as Voluntary Action Indicated by USFDA.
- Texmaco Rail & Engineering bags ₹446.1 million order from Maha-Metro and ₹339 million order from Central Railway.
- Craftsman Automation subsidiary DR Axion India to set up ₹280 crore aluminium products plant in Chennai, expanding capacity by 15% over next 24 months.
- Larsen & Toubro continues to see strong capex spending in India and the Middle East; remains optimistic about future order prospects.
- REC & PFC in focus as Govt of India considers $12 billion bailout plan for state power distributors – Reuters.
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