🗞️ Daily Business Brief – MAR 22 2025
- Godrej Properties, Lodha Developers acquire 25+ land parcels in FY26 with housing projects targeting combined revenue potential of over ₹1 lakh crore.
- L&T West Asia Operations remain 95% unaffected by regional conflict; only ~5% sites temporarily suspended due to proximity to sensitive locations and logistics disruptions.
- Centre LPG Allocation approves additional 20% commercial LPG supply to states from March 23, 2026, mainly benefiting hotels, restaurants, and industrial users with PNG transition linkage.
- Union Bank of India raises ₹3,000 crore via long-term bonds; total issue size expandable to ₹7,500 crore including green-shoe option.
- Ashok Leyland approves investment up to GBP 30 million (~₹375 crore) in UK subsidiary Optare Plc.
- Tata Motors Passenger Vehicles to increase ICE vehicle prices by 0.5% on average from April 1, 2026 due to rising input costs.
- DCX Systems secures ₹563.45 crore order for airborne maritime patrol radar systems supply.
- Devyani International to invest ₹347.3 crore in Thailand-based Restaurants Development Co. operating 274 KFC outlets.
- Ceigall India subsidiary emerges L1 bidder for ₹603 crore NHAI highway project.
- Iran–Israel Conflict Escalation missile strike reported near Dimona region injuring 47; IAEA urges restraint amid regional tensions.
- US–Iran Tensions Donald Trump warns of power plant strikes if Strait of Hormuz blockade escalates further.
- Semaglutide Launch Wave in India Torrent Pharma, Dr Reddy’s, Alkem Labs, Sun Pharma, Zydus Lifesciences and Eris Lifesciences launch lower-cost diabetes and obesity treatments after patent expiry.
- Semaglutide Price Reduction monthly treatment costs fall sharply to ₹900–₹5,000 from earlier ₹11,000, improving accessibility.
- US Treasury (OFAC) issues temporary licence permitting sale of already-in-transit Iranian oil, potentially releasing ~140 million barrels to global markets.
- India Core Sector Growth February growth slows to 2.3% versus 4% in previous month.
- Maharashtra Seamless promoter stake increases above 70% after additional 0.45% open market purchase.
- Zomato raises food delivery platform fee by 19.2% to ₹14.90 per order.
- Steel Stocks Rally Tata Steel, JSW Steel and Jindal Steel gain on improving spreads, domestic demand strength and supportive global outlook.
- Microfinance Sector Relief government likely to notify ₹20,000 crore credit guarantee fund; banks may be directed to moderate lending rates.
- Global Trade Outlook WTO projects slowdown to 1.9% growth amid Middle East conflict risks.
- Force Motors, Godfrey Phillips to be included in F&O segment from April 1.
- Kirloskar Ferrous Industries resumes Solapur plant moulding operations using alternate fuel after LPG disruption; no material financial impact expected.
- RITES wins ₹105.69 crore contract for 5-year maintenance of dedicated railway test track in Jodhpur division.
- Kotak Mahindra Bank arm KMCC to divest ~30.99% stake in Infina Finance for ₹1,293.91 crore; entity to cease associate status.
- Petronet LNG approves incorporation of Section 8 subsidiary to support energy innovation and startup incubation.
- Trump Approval Rating falls to record low with 34% approval and 63% disapproval in latest poll.
- Jubilant Ingrevia arm commences commercial production of agro intermediates at Bharuch under CDMO contract.
- Vakrangee partners with Bajaj General Insurance to expand insurance offerings across its network.
- Aditya Birla Money settles SEBI probe regarding alleged association with algo platforms by paying ₹1 lakh; no material impact.
- Delhivery receives NCLT approval for merger of Spoton Logistics entities effective April 1, 2025.
- Orient Green Power commissions 6.6 MW wind capacity in Tamil Nadu; total 9.9 MW project nearing completion.
- Solarium Green Energy secures solar panel purchase orders worth ₹141 million and ₹84.1 million in Puducherry.
- Kiri Industries enters diversification phase with expansion into copper and fertilizer manufacturing alongside specialty chemicals.
- Dalmia Bharat arm to acquire 26% stake in Ventora Energy for ₹4.42 crore to source 8.1 MW captive wind power.
- Deepak Fertilisers invests ₹5 crore for minimum 26% equity stake in First Energy.
- Sona BLW Precision Forgings approves ₹62.2 crore capex for gear capacity expansion of 4.1 million units.
- Zee Entertainment Norges Bank exits 6.1 million shares via bulk deal.
- Elgi Equipments flags LPG supply constraints and near-term Gulf demand risks; no immediate material financial impact.
- Torrent Power subsidiary acquires 100% stake in Onix-One Enersol for green energy expansion.
- Sandhar Technologies invests €915,000 in Sandhar Technologies Barcelona.
- Tata Power Gujarat cabinet approves supplementary PPA for Mundra power plant.
- Wipro launches Secure AI-DC platform to accelerate enterprise AI-led digital transformation.
- RailTel Corporation bags ₹24.53 crore order from East Coast Railway and ₹159.8 crore LOI from Prasar Bharati.
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