🗞️ Daily Business Brief – DEC 04, 2025
- Brookfield India QIP Launched – Issue size ₹3,500 crore; indicative price ₹320/sh (3.4% discount to CMP).
- PM Modi Tweets on Putin in India Visit – Diplomatic engagement trends ahead of key bilateral announcements.
- ITC Hotels Block Deal – BAT to sell 7% stake; deal price ₹205.65/sh (1% discount); block size ₹2,998 crore; Citi is broker.
- RBI MPC Outcome on Dec 5 – CNBC-TV18 poll: 60% expect 25 bps cut; 40% expect status quo; easing cycle views split across Dec/Feb.
- BlackRock’s Ben Powell – Says India’s limited AI exposure may be a hidden advantage for global investors.
- SEAMEC – Signs $43 million charter hire contract with HAL Offshore for vessel Agastya.
- Zaggle – Moves to acquire Rivpe Technology as part of fintech expansion.
- Devyani–Sapphire Merger Talks – Advanced stage; Sapphire to merge into Devyani; swap ratio key point; combined KFC + Pizza Hut ops under one umbrella.
- QSR Expansion Snapshot – As of Sep ’25: Devyani runs 2,184 outlets; Sapphire 1,000 outlets.
- Lupin – Signs exclusive licensing pact with US company for biosimilar of its cancer drug.
- Anand Rathi Wealth (UK) – Gets full FCA authorisation in the United Kingdom.
- Brigade Enterprises – Acquires 4.04 acres in Neopolis, Phase 3 (Hyderabad Metropolitan Development region).
- BEML – Bags ₹157 crore Loram Rail Maintenance order; second win in two days.
- Brahmaputra Infrastructure – Secures ₹114 crore order from Chief Engineer (Jammu) office.
- E2E Networks – Wins ₹177 crore order from IndiaAI Mission.
- Tata Power – CEO confirms near-finalisation of PPA with Gujarat Govt. for Mundra Plant restart.
- Samvardhana Motherson – To acquire remaining 10% stake in Motherson Lumen SA.
- US Trade Delegation – Scheduled to visit Delhi next week for key discussions, says govt source.
- MCX – Clarifies report on weekly expiry as baseless.
- Uralchem–India JV – Indian firms to sign JV with Russia’s Uralchem for urea plant setup; expected announcement during Putin visit.
- HCLTech – Partners with Strategy&Co to scale AI-driven enterprise data analytics; deploying Strategy Mosaic semantic layer globally.
- Sterling & Wilson Renewable Energy – Bombay HC orders Axis Bank to deposit ₹614 million for leave to defend.
- BSE – Schedules mock trading session for equity & derivatives on December 6.
- NIBE – Receives possession of 3,14,357 sqm plot at Shirdi Industrial Area.
- RailTel – Gets order worth ₹63.93 crore.
- Zen Technologies – Receives ₹120 crore order.
- Lloyds Engineering Works – Signs agreement with Virtualabs (Italy) to develop radar tech for defence & civil uses.
- Mazagon Dock in Focus – India clinches $2 billion submarine deal with Russia during Putin’s visit (Bloomberg).
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