🗞️ Daily Business Brief – JAN 06, 2025
- FIIs & DIIs Activity FIIs were net sellers of ₹107.63 Cr, while DIIs turned strong net buyers with ₹1,749.35 Cr in equities (provisional).
- Mahindra XUV 3XO EV Launch Mahindra launches XUV 3XO EV at ₹13.89 lakh, strengthening its mass-market electric vehicle strategy.
- CCI Probe on Steel Companies Sources indicate CCI’s DG investigation found ~35 steel companies prima facie indulged in cartelization; however, no final ruling has been passed by CCI.
- Non-Coal Mining Clearance Environment Ministry removes mandatory land acquisition proof for environmental clearance of non-coal mining projects, easing approval timelines.
- India Trade Momentum India defies global trade slowdown with container exports up 13% and imports rising 20%, aided by better logistics and supply-chain efficiency.
- Reliance on Russian Oil Reliance denies any linkage between its share price movement and reports on Russian oil imports; reiterates no Russian oil purchases for January.
- Fino Payments Bank Announces implementation of a new core banking system; migration to Financial Core Banking System scheduled between Jan 8–10.
- Lodha Developers – Q3 Update Pre-sales rose 25% YoY to ₹5,620 Cr, while collections declined 17% YoY to ₹3,560 Cr.
- Copper & Metals Outlook Trading.com CEO Peter McGuire remains bullish on copper, with positive near-term view on silver and gold driven by strong market momentum.
- India–New Zealand FTA NZ PM says FTA with India will boost exports, jobs, and opportunities for farmers and businesses, calling it a landmark agreement.
- IEX Market Coupling Case IEX stock jumps 13%; CERC lawyer says instructions will be taken regarding withdrawal of the order.
- Rain Industries Aluminum cycle seen in a favorable phase; EBITDA recovery visible, cement adds valuation comfort, and debt refinancing remains a key catalyst.
- Titan Company – Q3FY26 Update Consumer businesses grew 40% YoY; jewellery +41%, watches +13%, eyecare +16%, and international business surged 81%. Growth aided by higher ASPs.
- Senco Gold Company confident of achieving 25%+ YoY growth in FY26; strong traction in studded jewellery and 31% topline growth in first 9 months.
- Jubilant FoodWorks Added net 114 stores during the quarter, taking total store count to 3,594, nearing full-year guidance of 3,750–3,800+ outlets.
- Gujarat Kidney & Super Speciality Board approves acquisition of a 49% stake in Harmony Medicare.
- IRB Infrastructure Trust Selected as bidder by NHAI; trust to pay ₹30.87 billion for a 20-year concession.
- Mrs. Bectors Food Specialities Company announces commencement of commercial production at its new bakery facility.
- Sigachi Industries Appoints Atul Dhavle as Chief People Officer; brings experience from Granules, Bharat Forge, Dr. Reddy’s, Dupont Fibers, and Mahindra.
- ICICI Prudential Life Insurance Pension Fund Authority approves ICICI Bank as sponsor of ICICI PFM.
- Aimtron Electronics (SME) Company enters the railway signaling systems segment, expanding its business verticals.
- Electrosteel Castings Supreme Court rejects plea filed by UV Asset Reconstruction Company under IBC against Electrosteel Castings.
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