🗞️ Daily Business Brief – JAN 26 2025
- FIIs & DIIs Activity – FIIs net buy ₹480.26 Cr while DIIs net buy ₹3,360.59 Cr in equities today (provisional).
- India–US Trade Talks – Sources to CNBC-TV18 say EU deal not done with one-upmanship spirit; US remains equally important market for India.
- India–US Trade Progress – Indian officials focused on closing the US trade deal at the earliest.
- Akzo Nobel India – Board approves proposal to change company name to JSW Dulux.
- Max Financial Services – Board grants in-principle approval for potential amalgamation with Axis Max Life Insurance.
- FTA Developments – Commerce Ministry sources say trade talks with the US continue in a cordial atmosphere.
- India–New Zealand FTA – Legal scrubbing underway, followed by signing and parliamentary approval.
- India IIP Data – December IIP rises 7.8%, marking a 26-month high driven by manufacturing and electricity output.
- HAL – Civil Aviation Plans – CMD says targeting 25% revenue contribution from civil aviation over next 10 years.
- HAL Manufacturing Expansion – Exploring civil aircraft production at Nashik or Kanpur unit.
- HAL – Pawan Hans – To deliver 10 helicopters to Pawan Hans in FY27.
- Vodafone Idea – AGR Resolution – Kumar Mangalam Birla says AGR resolution marks a turning point for telecom sector stability.
- Aditya Birla Group – Consumer Business – Kumar Mangalam Birla highlights consumption as key growth pillar and brand trust as a hidden strength.
- GAIL & MOL – Sign long-term charter contract for an LNG carrier.
- ONGC & Reliance – Sign agreement to share deepwater resources on India’s east coast.
- MeitY – ISM 2.0 – Targets cabinet approval by March-end; outlay likely higher than ₹76,000 Cr of Phase 1.
- Semiconductor Mission Phase 1 – Approved 10 projects across fabs, display fabs, compound semiconductors and ATMP facilities.
- Royal Orchid Hotels – Approves enabling resolution to divest 100% stake in subsidiary Multi Hotels Ltd; trading window closed.
- Cupid – Receives CE (EU IVDR) certification for HIV and Hepatitis B test kits.
- Thermax – Wholly owned subsidiary incorporates Thermax Energy Solutions Company in Saudi Arabia.
- HAL Clarification – Negotiations with Pawan Hans ongoing for 10 Dhruv NG helicopters; contract not yet finalized.
- Stallion India Fluorochemicals – Enters strategic technology tie-up with Portugal-based SYS Advance for helium recovery systems.
- Sula Vineyards – Welcomes India–EU FTA framework; minimum import price €2.5 per bottle to protect domestic wines.
- HCLTech – Partners with Guardian to accelerate AI-driven technology transformation.
- GPT Infraprojects – Approves acquisition of 100% stake in Alcon Builders and Engineers for ₹154 Cr.
- L&T – Kuwait Projects – 4 of 5 tender projects paused; management says order book unaffected and expects restart this year.
- eClerx Services – Approves issuance of bonus equity shares in 1:1 ratio.
- Dynamic Cables – Receives UL certification for PV solar cables.
- ASK Automotive – Approves capacity expansion for advanced braking systems with two new plants; investment ₹35 Cr.
- Biocon – Receives VAI status from US FDA for Andhra Pradesh facility; inspection conducted in Nov 2025.
- Kiri Industries – Unit receives PLI scheme approval for white goods.
- Kiri Industries – Power Project – Receives LoI for hybrid power project worth ₹101 Cr.
- HPCL & Castrol India – Sign MoU for base oil development; no immediate financial impact.
- Bharat Electronics – 9M EBITDA margin at 29.2% versus full-year guidance of 27%.
- Graphite India – Board approves ₹4,330 Cr investment in synthetic graphite anode materials for lithium-ion batteries.
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