🗞️ Daily Business Brief – NOV 11,2025
- New Zealand Trade Minister expected in India this week; India-NZ FTA talks nearly complete; decision pending on Israel FTA, say govt sources.
- Tata Trusts induct Bhaskar Bhat & Neville Tata as Trustees; Venu Srinivasan appointed Trustee & Vice Chairman; first board meet since Mehli Mistry’s exit.
- India-US Trade Deal awaiting US response; no fresh negotiation round needed at present, say govt officials.
- Commerce Minister Piyush Goyal says India won’t compromise on interests of dairy, farmers & workers; diversifying export outreach to Russia & West Asia.
- JSW Cement signs power purchase agreement and acquires 26% stake in JSW Green Energy Fifteen Ltd.
- Kirloskar Oil Engines Q2 FY26 Revenue ₹1,276 Cr (+9% YoY), PAT ₹102 Cr (+13% YoY); investing ₹400 Cr in EV & hydrogen engines; targeting 12–14% CAGR over 3 years.
- GSFC Q2 FY26 Revenue ₹2,532 Cr (+15% YoY), EBITDA ₹538 Cr (+19% YoY); expanding caprolactam & melamine capacity by 30% in FY27; ₹1,800 Cr capex in pipeline; entering EV battery chemicals.
- Jupiter Wagons Q2 FY26 Revenue ₹890 Cr (+31% YoY); Order Book ₹6,200 Cr; expanding rolling stock & brake system capacity by 20% in FY26; scaling EV Cargo brand ‘Jupiter Electric’.
- Torrent Power FY26 Revenue Guidance ₹64,502 Cr (+5% YoY) and EBITDA ₹14,468 Cr; 66% green energy mix; 10.4 GW renewable + 2.8 GW pumped hydro pipeline; targeting Net Zero by 2045.
- Gujarat Fluorochemicals H1 FY26 Revenue ₹4,896 Cr (+18% YoY), EBITDA ₹1,534 Cr (31% margin); expanding PVDF & Li-ion chemical capacity; strong export momentum to EV & semiconductor sectors.
- LIC targets 15% premium CAGR for 3 years; H1 FY26 premium ₹3.1 lakh Cr (+12% YoY); VNB margin 17.2%; higher focus on non-par, term & health insurance segments.
- Tata Power clean energy capacity to exceed 66% post expansions; H1 FY26 Revenue ₹64,502 Cr (+5% YoY), EBITDA ₹14,468 Cr; EV charging network in 620 cities; Net Zero target 2045.
- JB Chemicals Q2 FY26 Revenue ₹962 Cr (+10.4% YoY), EBITDA Margin 24.2%; strong chronic & gastro portfolio; 10+ product launches planned in FY26; expanding CDMO & API exports.
- Bikaji Foods guides double-digit growth; expanding into GCC, UK & North America; commissioning new capacity for namkeen & frozen snacks; focus on premium snacks & rural reach.
- Tata Chemicals subsidiary fined USD 20,400 by Wyoming Department in the US.
- Premier Explosives receives export order worth ₹16.4 Cr for commercial explosives; delivery within 12 months.
- EU Trade Minister may visit India in second week of December, say officials.
- Vodafone Idea aims to increase 4G coverage from 84% to 90% in next few quarters; requires ₹4,000 Cr (₹40B) capex.
- BASF India to acquire 26% stake in Clean Max Amalfi to secure renewable power for Dahej & Panoli plants.
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