🗞️ Daily Business Brief – JAN 26 2025
- Pine Labs announces partnership with Wio Bank to modernise merchant acquiring infrastructure.
- Adani Green Energy commissions 50 MW solar project at Khavda, Gujarat, raising total renewable capacity to 17,287.2 MW.
- Adani Group clarifies it is not a party to SEC proceedings and confirms no charges against the company.
- Kotak Mahindra Bank Co-CEO expects momentum in the credit card business to return.
- Morgan Stanley expands focus on Asia as regional revenue rises 23% YoY to $9.4 billion, supported by strong markets and Hong Kong IPO pipeline.
- Hindustan Copper declared preferred bidder for Baghwari-Khirkhori copper block in Madhya Pradesh.
- European Union to fully ban Russian LNG imports by Jan 1, 2027 and pipeline gas by Sept 30, 2027.
- ABB India transfers robotics business to INRBT for ₹1,568 crore.
- India–US Trade Talks Axios reports Senator Ted Cruz is lobbying the White House to push trade agreement acceptance amid internal resistance.
- EU–India FTA poised to become EU’s largest trade deal, targeting completion by Jan 27, creating access to a 2-billion-consumer market.
- EU–India Trade Framework to offer phased tariff reductions, quotas including automobiles, and improved market access over GSP regime.
- India–EU Strategic Ties strengthened as landmark FTA concluded with enhanced cooperation across trade, defence and geopolitics.
- Godrej Consumer Products reiterates confidence of achieving high single-digit consolidated revenue growth for FY26.
- ACME Solar Holdings subsidiary commissions additional 4 MW at Gujarat wind project, taking commissioned capacity to 72 MW.
- IRB Infrastructure Developers executes project implementation agreement with IRB InvIT Fund for VM7 Expressway project.
- Gravita India enters lithium-ion battery recycling at Mundra with 6,000 MTPA capacity and ₹14 crore investment.
- Kirloskar Pneumatic provisionally selected under PLI scheme for white goods segment.
- Zydus Lifesciences USFDA inspection at Ankleshwar Unit-2 concludes with three observations.
- Airfloa Rail Technology signs MoU with Janatics Industrial Automation for automatic door systems for EMU and Vande Bharat trains.
- Infosys expands European footprint with a new Zurich office in Switzerland.
- Torrent Pharma USFDA inspection at Dahej facility concludes with zero observations.
- Urban Company expects consolidated business to remain loss-making in near term, targets adjusted EBITDA of ₹1,000 crore by FY31.
- India Forex Reserves holdings of US Treasuries fall to five-year low as India diversifies reserves and supports currency.
- One97 Communications (Paytm) clarifies ₹128 crore incentive recognition under PIDF scheme with no extension announcement from RBI.
- Syngene International revises guidance to revenue decline of 3–5% with EBITDA margin of 22–23%.
- Gravita Management reiterates margin outlook of ₹19–20 per tonne, visibility dependent on next six months.
- Premier Energies working on silver usage reduction; hedged silver inventory for next six months with no near-term impact.
- CAMS reaffirms EBITDA margin guidance above 45%.
- V-Mart Retail management expects stable and healthy margins supported by strong inventory positioning.
- Hindustan Zinc approves issuance of NCDs up to ₹1,400 crore via private placement.
- Go Digit General Insurance management avoids formal guidance; expects lower annual volatility in NEP and follows IFRS-based performance metrics.
- Mphasis expects Q4 FY26 to be strongest growth quarter, targets EBIT margin of 14.75–15.75% and sustained AI-led demand.
- Bandhan Bank guides for NIM improvement over next 2–3 quarters and targets 15–17% advances CAGR over medium term.
- Cyient targets semiconductor EBIT neutrality by FY27 and DET margin of 15% by Q4 FY27.
- IIFL Finance expects credit cost to fall below 2% next year, targets 20–25% AUM growth and ROE of 18–20%.
- Waaree Renewable Technologies Ltd to acquire 55% of Associated Power Structures Ltd for ₹1,225 crore, boosting its power transmission play after strong Q3 FY26 financial growth.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
