🗞️ Daily Business Brief – DEC 01, 2025
- NMDC November Update – Total iron ore production up 11% at 5.01 mt vs 4.51 mt YoY; total sales up 4.3% at 4.17 mt vs 4 mt YoY.
- Hero MotoCorp – November sales jump 31% YoY; exports up 70%.
- ICICI Prudential AMC IPO – Receives final SEBI approval.
- India November Auto Sales – Total sales at 6.04 lakh units vs CNBC-TV18 poll of 5.95 lakh units.
- RBI MPC – Panel divided on RBI rate cut; low inflation vs strong GDP keeps debate open.
- Bharat Dynamics – Wins ₹2,462-cr new orders including anti-tank guided missiles
- Bajaj Finance – Likely to sell 2% equity in Bajaj Housing Finance via $176M block deal; floor price ₹95/share.
- Bank of Maharashtra – Govt to divest 5% stake via OFS; 1% via green shoe option; OFS opens Dec 2 (non-retail), Dec 3 (retail).
- Vodafone Idea Relief Plan – Govt may finalise recommendations in coming weeks, says Scindia.
- Force Motors November Sales – Total sales up 53% at 2,883 units vs 1,885 units YoY.
- Telecom Minister Scindia on Vodafone Idea – DoT awaiting formal request; SC judgement applies only to VIL; other firms must approach SC for similar relief.
- Scindia on SIM Binding Rules – No pause on mandates; India saw cyber fraud losses of ₹22,800 crore last fiscal.
- October IIP – At 0.4% vs 4% MoM; low due to fewer working days.
- Coal India November Update – Production up 1.2% at 68 mt vs 67.2 mt; offtake down 0.3% at 62.7 mt vs 62.9 mt YoY.
- Tata Motors CV November Sales – Total sales at 35,539 units beating CNBC-TV18 poll of 32,340 units.
- Eicher Motors Royal Enfield – Total sales at 1 lakh units vs poll of 1.06 lakh units.
- Eicher Motors VECV – Total sales up 37.3% at 7,652 units vs 5,574 YoY.
- Govt Additional Cash Spend – Seeks ₹41,500 cr extra; fertiliser & petroleum subsidies dominate.
- Maruti Suzuki November Sales – Total sales up 26% at 2.29 lakh units vs 1.82 lakh units YoY; beats poll of 2.13 lakh units.
- L&T Finance – AI deployed across verticals; MFI collection efficiency improving; guidance: ROA 2.8–3.0%, credit cost ~2%, NIMs+fees 10–10.5%.
- Hyundai November Sales – Total sales 66,840 units vs poll of 65,600 units.
- Tata Motors PV November Sales – Total sales 59,199 units vs poll of 54,767 units.
- Syrma SGS Tech – Begins construction of new PCB facility; 1,000+ direct jobs expected; enters JV with Shinhyup Electronics.
- Coromandel International – To set up unit in Philippines with $200,000 investment.
- IndusInd Bank – Appoints Balaji Narayanamurthy as Chief Data Officer effective Dec 1, 2025.
- Amber Enterprises – IL Jin Electronics buys 80% stake in Shogini Technoarts for ~₹5.06 billion.
- DoT Cyber Security Rules – Mandates pre-installation of Sanchar Saathi app on all mobile handsets.
- MOIL – Raises prices of ferro grades (Mn ≥44%) and chemical grades by 3%.
- Reliance Industries – Star Television Productions merged with JioStar effective Nov 30, 2025.
- KEI Industries – Begins trial production at Sanand facility; commercial production expected by Dec 10, 2025.
- Canara Bank–Union Bank Merger – Govt moving toward consolidation to form one of four large surviving banking entities.
- Govt Defence Spending – Seeking Parliament approval for additional ₹44,143 crore for defence expenditure.
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