🗞️ Daily Business Brief – APR 01 2025
- Indian Oil Corporation reported record refining and pipeline throughput in FY26; petroleum product sales crossed 104 MMT supported by strong growth in lubricants, petrochemicals, and retail expansion.
- Telecom Sector (TRAI – Feb Data) India added 6.4 million mobile users; Bharti Airtel led additions, Reliance Jio growth moderated, and Vodafone Idea returned to net subscriber gains.
- Karnataka Bank CASA rose 10% YoY; deposits reached ₹1.08 lakh crore (+3.8% YoY, +4.5% QoQ) while advances increased to ₹83,337 crore (+6.9% YoY, +7.8% QoQ).
- Hero MotoCorp March sales stood at 5.98 lakh units, broadly in line with estimates.
- VMart Retail Q4 revenue rose 24% QoQ to ₹971 crore; same-store sales growth stood at 12%; company opened 29 stores and closed 6 stores.
- Force Motors March sales increased 14.4% YoY to 4,126 units driven by strong domestic demand; export volumes declined due to geopolitical factors.
- Reliance Communications CBI filed a fresh case against Anil Ambani over alleged ₹4,500 crore LIC fraud involving NCD fund diversion.
- Maruti Suzuki production remains normal despite gas supply concerns; export outlook strong for FY27; company evaluating potential price hike.
- Maruti Suzuki March sales rose 16.7% YoY to 2.25 lakh units, beating estimates.
- Rain Industries Rain Carbon Canada completed coated spherical purified graphite pilot project with GGT for EV battery supply chain.
- GE Shipping to acquire a secondhand medium-range tanker of approximately 49,420 DWT capacity.
- Karur Vysya Bank CASA up 11.82% YoY; total business rose 14.92% YoY to ₹2.14 lakh crore; advances up 16.87% and deposits up 13.31% YoY.
- Tata Motors PV March sales increased 29% YoY to 66,971 units, ahead of estimates.
- Bharat Coking Coal raw coal production rose 2% YoY; coking coal production increased 3.6% YoY while raw coal offtake declined 24.4% YoY.
- Info Edge Naukri Chief Business Officer Pawan Goyal resigned effective March 31, 2026.
- Tata Motors CV March sales increased 17% YoY to 47,976 units, exceeding estimates.
- APL Apollo Tubes Q4 volumes grew 8.75% YoY to 9.24 lakh tonnes but missed guidance of 20% growth.
- Eicher Motors (VECV) sales increased 10% YoY to 13,311 units.
- Oracle reportedly issued layoff notices to around 12,000 employees in India.
- Coal India March coal production declined 1.5% YoY while offtake rose 0.7% YoY.
- India Semiconductor Mission 2.0 Finance Ministry cleared allocation of over ₹1 lakh crore; Cabinet approval expected before April-end.
- Atul Auto March sales increased 14.05% YoY to 4,212 units.
- Gaudium IVF and Women Health introduced AI-led infertility treatment platform, marking an industry-first initiative in India.
- Solarium Green Energy received LOA as subcontractor for a 50 MWAC solar PV project in Maharashtra worth about ₹189 crore.
- Aavas Financiers FY26 AUM reached ~₹235 billion (+15% YoY); Q4 disbursements rose 16% YoY; asset quality improved with liquidity at ₹31.9 billion.
- Prestige Estates secured prime Gurugram land parcel with ₹4,200 crore GDV potential.
- KRN Heat Exchanger subsidiary acquired 30,427.84 sq. mtr industrial land in Alwar for ₹8.52 crore.
- DCM Shriram commissioned 52,000 TPA Epichlorohydrin plant at Jhagadia; balance 17,000 TPA operational from April 1, 2026.
- TVS Motor March sales rose to 5.19 lakh units vs 4.14 lakh units YoY.
- Wipro launched AI-native Business & Platforms unit to drive next phase of growth.
- Oriana Power secured ₹3,135 crore green ammonia offtake deal with SECI under National Green Hydrogen Mission.
- Pace Digitek won ₹494.5 crore BESS EPC order from NTPC; order book expanded to ₹11,020 crore.
- Lloyds Metals reported record iron ore production of 21.96 MNT, nearly doubling YoY.
- Bharat Electronics (BEL) achieved record FY26 turnover of ₹26,750 crore.
- Hyundai Motor India March sales rose to 69,004 units, beating estimates.
- Ola Electric daily orders crossed 1,000 units in March with registrations more than doubling.
- MTAR Technologies secured international energy segment order worth ₹35.56 crore.
- Garden Reach Shipbuilders reported record FY26 turnover of ₹6,400 crore and declared interim dividend of 129%.
- Sammaan Capital aims to enter top 3 NBFCs and plans to double AUM to over ₹1.3 trillion.
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