🗞️ Daily Business Brief – APR 28 2025
- SBI Consortium – Reliance Infratel Supreme Court allows SBI-led consortium back into the Committee of Creditors (CoC) in the Reliance Infratel IBC case — a major legal win for lenders.
- OPEC (UAE) UAE to exit OPEC effective May 1 amid differences over production quotas.
- NHAI Issues heatwave safety guidelines for national highway workers and toll staff across India.
- Ministry of Petroleum & Natural Gas Says there is currently no proposal to increase petrol prices.
- Reliance Communications ED attaches ₹3,034.90 crore assets under PMLA in bank fraud case, including properties and Reliance Infrastructure shares.
- Gold & Silver Prices Domestic and global prices soften ahead of US Fed signals amid persistent geopolitical and inflation concerns.
- Indian Aviation Sector Airlines warn of shutdown risks due to rising ATF prices; seek urgent government intervention.
- Paras Defence Signs MoU with Complus Systems & JVMicronics for collaboration on Anechoic and Semi-Anechoic chamber solutions in India and global markets.
- Mirabegron Generic Competition MSN settles with Astellas for $75 million; early launch risk may impact FY27 estimates of Zydus Life and Lupin.
- Lupin Mirabegron contributes ~5% revenue and ~10% EBITDA to FY27 estimates; Tolvaptan may face Alkem competition by end-FY27.
- Zydus Life Mirabegron contributes ~4% revenue and ~8% EBITDA to FY27 estimates; potential downside risk if MSN launches early.
- Iraq – OPEC+ Confirms no intention to exit OPEC or OPEC+ and reiterates commitment to price stability.
- Enviro Infra Engineers Subsidiary to acquire Suyog Urja for ₹311 crore to strengthen infrastructure portfolio.
- Cupid Receives administrative warning letter from SEBI.
- Rail Vikas Nigam (RVNL) Secures ₹39.21 crore LOA from NMDC for Hyderabad residential project.
- BHEL Signs licensing agreement with NSTL-DRDO for LM2500 GT-IRSS naval vessel technology transfer.
- Maruti Suzuki Chairman says company not concerned about market share if profitability growth remains strong.
- Maruti Suzuki Says upcoming fuel efficiency norms manageable with transition toward alternate fuels.
- Eternal Reports consistent YoY profitability improvement; confident of achieving 5–6% margin guidance with cash balance at ₹17,972 crore.
- Eternal Says LPG shortage has not materially impacted platform-level throughput despite localized restaurant disruptions.
- Castrol India CFO highlights early signs of external headwinds from currency volatility and rising raw material costs due to geopolitical events.
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