🗞️ Daily Business Brief – JAN 06, 2025
- FIIs / DIIs Activity FIIs net sold ₹3,367.12 crore while DIIs net bought ₹3,701.17 crore in equities today (provisional).
- Angel One – December Update Gross client acquisition up 35.3% MoM and down 12.8% YoY at 0.68 million; client base up 1.8% MoM and 21% YoY at 35.71 million; number of orders up 10% MoM and 8% YoY at 129.01 million; average daily orders down 5% MoM but up 3.1% YoY at 5.86.
- Gold & Silver Prices Silver crashed ₹12,500 to ₹2.43 lakh/kg, while gold declined ₹900 in the national capital amid global profit-booking.
- Reliance Industries Company to announce Q3 FY26 results on January 16, 2026.
- US Global Policy Shift President Donald Trump ordered exit from 66 international organisations including WHO and UNESCO, raising concerns over reduced global cooperation.
- Indian Energy Exchange (IEX) Shares in focus ahead of Electricity Tribunal hearing on market coupling case; hearing scheduled for January 9 (not January 14).
- Power Grid Corporation Wins project to establish a 400 kV inter-state transmission system in Karnataka to integrate 3 GW of renewable energy capacity.
- Bharat Forge Signs MoU with Germany-based Agile Robots for AI-driven robotics and industrial automation solutions in India and Southeast Asia.
- Russian Crude Imports India likely to continue importing 1.1–1.3 million barrels/day of Russian crude despite US 500% tariff threat, says Kpler.
- Bajaj Group Completes acquisition of 23% stake in Bajaj General and Bajaj Life Insurance from Allianz SE for ₹21,390 crore, raising stake to 75.01%.
- International Solar Alliance (ISA) Government notes reports of US withdrawal; ISA reiterates commitment to solar deployment, finance mobilisation and risk reduction.
- BHEL Begins supply of underslung traction converters for Vande Bharat sleeper trains.
- Sagar Cements To sell 8.14% stake in subsidiary Andhra Cements via OFS by January 12.
- Indian Oil Imports Former HPCL CMD MK Surana says economics, not US rhetoric, will decide India’s Russian oil purchases.
- Prestige Estates Signs agreement to acquire a 16.38-acre land parcel in Chennai.
- Transformers & Rectifiers Stock tanks 12% despite strong Q3 profit and margin expansion, amid CEO resignation.
- Capital Goods Stocks BHEL, ABB India, Siemens India and L&T fall up to 12% on reports government may scrap restrictions on Chinese firms bidding for contracts.
- Goldman Sachs Sees strong recovery in FMCG sector but remains cautious on discretionary demand.
- Brainbees Solutions Increases stake in Swara Baby to 76.59% after completion of Solis Hygiene acquisition.
- Bharat Coking Coal IPO Anchor investors allocated shares worth ₹2.73 billion; LIC and Nippon Life India among participants; allocation price ₹23/share.
- NHPC Board approves issuance of bonds up to ₹20 billion.
- Tata Motors – Commercial Vehicles Wholly owned subsidiary acquires 26% stake in Traveltime E-Mobility Chennai, making it an associate company.
- Reliance Industries Awaiting clarity on access to Venezuelan oil by non-US buyers; will consider purchases in a compliant manner.
- Sasken Technologies Receives order confirming tax demand of ₹178.6 million.
- Waaree Renewable Technologies Receives LoA for 704 MWAC project; order value revised down to ₹10.4 billion from ₹12.52 billion.
- NSE In talks with IGX for collaboration on developing an Indian natural gas futures contract.
- Rail Vikas Nigam Receives LoA worth ₹2.01 billion for wagon POH workshop.
- KEC International High Court upholds Power Grid’s decision to ban KEC International from tenders for nine months.
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