🗞️ Daily Business Brief – NOV 13,2025
- Pakistan’s 27th Constitutional Amendment Bill – Two Pak Supreme Court judges, Justices Mansoor Ali Shah and Athar Minallah, tender resignations as the assembly passes the controversial bill; new law grants sweeping powers to Army Chief Asim Munir and creates a Federal Constitutional Court (FCC) that sits above the Pakistan Supreme Court.
- Govt withdraws 14 BIS Quality Control Orders – Government withdraws 14 BIS Quality Control Orders with immediate effect.
- Sagility promoters – Promoters likely to sell up to 16.4% stake via block deals; floor price set at ₹46.4/sh, ~8% discount to CMP (sources to CNBC-TV18).
- Bharti Group – Overtakes Adani and Bajaj to claim India’s fourth-largest conglomerate spot.
- DWS & Nippon Life India AIF Mgmt – DWS to acquire up to 40% stake in Nippon Life India AIF Management, a wholly-owned subsidiary of Nippon Life India.
- Emirates NBD & IDBI Bank – Emirates NBD has not withdrawn from the IDBI Bank acquisition process (sources to CNBC-TV18); govt looking to finalise stake sale in IDBI Bank by end of FY26; post-divestment govt to hold 15% and LIC 19% stake in IDBI Bank.
- K.P. Energy – KP Group and Senvion India sign framework agreement for up to 2 GW of wind and hybrid renewable projects across India.
- Shalby – Shalby Advanced Tech Inc. to transfer shareholding in Shalby Advanced Tech India to Shalby Medtech; SAT Inc. grants license and manufacturing rights to SAT India.
- Zydus Lifesciences – USFDA inspection at Zydus Oncology injectable manufacturing facility in SEZ1, Ahmedabad concluded with two observations.
- CESC – Company unit gets in-principle approval from High-Level Clearance Authority, Government of Odisha, for a manufacturing facility with investment of ₹45 billion in 3 phases.
- Godrej Agrovet – Company signs MoU with the State Government of Andhra Pradesh for ₹700 million investment.
- Rallis India – Partners with Paryan Alliance for full-page herbicide tolerance rice technology in India.
- BDL (Bharat Dynamics) – MoD & company sign contract worth ₹2,095.70 crore for INVAR anti-tank missiles to enhance lethality of T-90 tanks (PIB).
- Eicher Motors – Company executive says it has appealed to authorities to cut tax to 18% for >350cc segment; post-tax cuts, demand has been holding really well (management comment).
- NBCC – Company bags ₹340.17 crore PMC contract for Central University of Kashmir Phase-I construction.
- NBCC (financial update) – Company’s H1 EBITDA margin at 3.98% vs guidance of 6–6.5% for full year.
- Afcons Infrastructure – Management says full-year EBITDA should be better than the guidance of 11% (concall update).
- Data Patterns India – Management confident of meeting given guidance on revenue and margin (concall update).
- Muthoot Finance – Board approved fund raising up to ₹350 billion via debentures and approved ₹5 billion infusion into Muthoot Money.
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