🗞️ Daily Business Brief – APR 21 2025
- Telecom Sector (TRAI Data – March) Airtel led subscriber additions, Jio saw strong pickup in growth, Vodafone Idea posted modest gains, and BSNL returned to positive territory, signalling improving sector momentum.
- Infosys partnered with OpenAI to accelerate enterprise AI adoption using OpenAI models including Codex with Infosys Topaz Fabric to enable scalable, responsible AI deployment and real-world business use cases.
- Bharat Electronics (BEL) secured fresh defence orders worth ₹569 crore at the start of FY27, strengthening its order book after a strong FY26.
- Eveready Industries India commissioned a new alkaline battery manufacturing facility in Jammu with ~₹200 crore investment to boost domestic production and reduce import dependence.
- Jindal Steel Nuvama downgraded the stock to Reduce from Buy and cut target price to ₹1,154 from ₹1,293.
- Kajaria Ceramics to consider its first-ever share buyback along with dividend and FY26 results on April 30, highlighting potential capital return focus.
- Aviation Fuel Policy Government allowed blending of aviation turbine fuel (ATF) with synthetic fuels under revised rules to enable cleaner aviation energy adoption.
- HCLTech launched Gemini Enterprise business unit to accelerate adoption of Agentic AI solutions.
- Premier Explosives secured an international order worth ₹350.2 crore.
- Amara Raja Energy accelerating lithium-ion strategy targeting telecom and data centre segments, exports to 80 countries, and preparing Telangana pilot cell facility with 2 GWh giga factory planned.
- Zodiac Energy secured turnkey solar power project in Zambia valued at $3.29 million.
- Jio Financial Services board approved 50:50 general insurance joint venture with Allianz Europe B.V.
- Enviro Infra Engineers subsidiary EIE Renewables to acquire PRA Bihar BESS Private Limited for ₹15.51 crore.
- ATF Policy Update Government permitted ethanol blending in aviation turbine fuel to support alternative aviation fuel adoption.
- Supriya Lifescience USFDA inspection completed with one minor observation; facility classified under Voluntary Action Indicated (VAI).
- ABB India plans ~$75 million investment to expand manufacturing footprint and R&D capabilities as India becomes tied for its fourth-largest global market.
- ABB India order book growth reported at 26%, significantly above expected 7–9% growth.
- Sterling and Wilson Renewable Energy litigation with Fidelity and Zurich American Insurance settled; proceedings dismissed with no material financial impact.
- BEML expects 3–4 major metro orders to be finalised in FY27.
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