🗞️ Daily Business Brief – APR 27 2025
- NSE IPO PSUs likely to participate in the OFS portion of the upcoming NSE IPO, as per sources to CNBC-TV18.
- India–EAEU FTA Indian delegation to visit Russia in June 2026 for next round of FTA talks with the EAEU bloc (Russia, Kazakhstan, Armenia, Belarus, Kyrgyzstan); talks were originally launched on November 26, 2025.
- Bandhan Bank Navin Sharma resigns as Chief Audit Executive; Sandip Kumar Bubna appointed interim Chief Audit Executive for six months.
- Counterfeit Goods Crackdown India orders nationwide action after major seizures of fake food, medicines and FMCG products exposed organised counterfeit networks.
- ONGC Board approves formation of joint venture with MRPL and ONGC Petro Additions.
- MobiKwik Receives RBI approval for NBFC application.
- Supreme Industries Confident of improved FY27 performance; FY26 plastic pipe volume growth at 11.8% vs guidance of 15–17%.
- Varun Beverages Reported strong results with volume growth above estimates and lower-than-expected realization dip; management commentary and harsh summer seen as positive triggers.
- IndiGo Downgraded by UBS with a 10% cut in target price citing key risks.
- TCS Partners with Siemens Energy AG in AI collaboration to drive intelligent operations.
- Kalpataru Projects Acquires remaining 35% stake in Saudi JV, making KIOCL a wholly owned subsidiary.
- Iran–US Talks Iran’s foreign minister claims the US is seeking talks after failing to meet objectives; discussions under consideration.
- RailTel Corporation Bags ₹145.47 crore order from Eastern Coalfields Limited.
- Balaji Amines Gradually restarting production as ammonia supply stabilizes.
- Rossari Biotech Expansion project rescheduled over next two years; sets up new R&D facility in Navi Mumbai.
- Surya Roshni Secures additional export order worth ₹17.89 crore ($1.90 million) from the USA.
- Tata Communications Issues commercial paper aggregating ₹750 crore.
- Indian Oil Corporation Announces hydrocarbon discovery in overseas exploration block in Libya.
- Info Edge Committee approves ₹5 crore investment in Startup Investments (Holding) Limited.
- Linc Limited Updates expansion plans for new Kolkata manufacturing unit; targets capacity addition by Q3 FY27 with ₹60.58 crore investment.
- Kirloskar Pneumatic Approves stock split in the ratio of 1:2.
- MRPL To form joint venture with ONGC and OPAL for integrated petrochemicals marketing; MRPL to invest ₹12.5 crore equity.
- Amazon India Expanding quick commerce play; plans to scale “Amazon Now” to 100 cities with rapid delivery of essentials, groceries and electronics.
- Supreme Industries Lowers pipe volume growth guidance to ~12% vs earlier 15–17%, indicating demand moderation in infra and real estate.
- Lodha Developers Plans development of 1GW data center capacity; projects ₹120 billion land sale value from FY27.
- Hindustan Zinc Demerger plan revived; proposed structure may separate zinc–lead business from silver segment, with government approval remaining key variable.
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