🗞️ Daily Business Brief – FEB 11 2025
- Airtel unveils AI-powered solution to combat OTP-related bank frauds.
- RBI proposes Responsible Business Conduct Directions 2026 to curb mis-selling; bans dark patterns, third-party bundling, and mandates explicit customer consent.
- Delhi Court & Godfrey Phillips issues summons to Chairman & MD Bina Modi; court sees prima facie involvement in alleged assault case of Samir Modi.
- RBI nod allows ICICI Prudential & ICICI Bank group to acquire up to 9.95% stake in Federal Bank.
- Netweb Technologies promoters likely to sell up to 3% stake via block deals.
- Samvardhana Motherson targets $108 billion revenue in 5 years, driven by electronics, aerospace, acquisitions, and expansion.
- GR Infraprojects emerges as L-1 bidder for ₹1,898 crore project in Madhya Pradesh.
- Supreme Court refuses to halt Zydus Life from selling biosimilar version of Nivolumab.
- Mahindra & Mahindra leads SUV market with 24.1% revenue share; tops LCVs & tractors segments, strong position in electric 3-wheelers.
- Avantel bags ₹122.6 crore order from NewSpace India.
- U.S. Nonfarm Payrolls January data at 130K vs 65K estimate; previous reading 50K.
- LTIMindtree board approves name change to LTM Limited.
- Hind Rectifiers approves bonus issue in the ratio of 1:1.
- MCX sees ~40% drop in February trading volumes vs January; gold, silver, and natural gas volumes fall sharply amid margin hike.
- Ashok Leyland remains confident about medium to long-term growth prospects of the CV industry.
- Global Nickel Market world’s biggest nickel mine in Indonesia asked to slash output.
- Grasim sees strong demand for Birla Opus in Q4 as per concall update.
- Mastek expands Leeds office, strengthening AI-led innovation and UK presence.
- Motherson highlights weak US & EU CV markets; North America CV market down 27%.
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