🗞️ Daily Business Brief – MAY 03 2025
- HVDC Segment Govt eases “Make in India” norms for HVDC substations; targets 60% local content by 2035 to support domestic manufacturers.
- Power Ministry says no coal shortage for thermal plants; stocks sufficient for 19 days of demand.
- FDI Policy Finance Ministry allows overseas firms with up to 10% Chinese/Hong Kong shareholding to invest under automatic route via FEMA amendments.
- Thyssenkrupp AG and Jindal Steel International pause talks on potential stake acquisition in Thyssenkrupp’s steel unit.
- RBI eases registration norms for certain NBFCs; exempts entities with assets below ₹1,000 crore.
- Kotak Mahindra Bank CEO Ashok Vaswani says M&A remains long-term strategy; will evaluate IDBI Bank opportunity if divestment reopens.
- Insurance Sector Govt notifies 100% FDI via automatic route in insurance companies; LIC retains 20% cap.
- Chief Economic Adviser warns fiscal targets may face pressure due to high petroleum and fertiliser prices; expects inflation spike from weak monsoon but lower than earlier cycles.
- HPL Electric & Power bags smart meter order worth ₹242 crore from GMR Triveni Smart Meters.
- RBI Rohit Jain appointed Deputy Governor for a three-year term.
- NMDC April production up 16% YoY to 4.64 MT; sales up 1.4% YoY to 3.68 MT.
- NTPC commissions 100 MW at Ramagundam solar project; total installed capacity nears 90 GW.
- Alkem Laboratories receives USFDA Form 483 with 7 observations for Daman manufacturing unit.
- Ceigall India bags ₹918 crore Jaipur Metro Rail Corporation project.
- TVS Motor April sales up 7% YoY to 4.73 lakh units; EV sales rise 36% and three-wheeler sales jump 37%.
- Geopolitics U.S.–Iran hostilities officially terminated as per statement by Donald Trump under War Powers Act context.
- Tata Motors ranks No. 2 in April PV wholesales with 57,472 units; leads EV sales.
- Infosys appoints Nitin Paranjpe as Vice Chairman; Nandan Nilekani rules out succession move.
- Hero MotoCorp April sales surge 85.4% YoY to 5.66 lakh units; scooter sales triple YoY.
- VST Tillers April sales rise 37.4% YoY to 3,483 units.
- Steel Strips April sales value up 18% YoY; volume up 5% YoY.
- Mahindra & Mahindra April sales increase 14% YoY driven by tractor and export growth.
- HAL Ravi K assumes charge as Chairman & Managing Director; DK Sunil ceases role.
- Maruti Suzuki April sales up 33.3% YoY to 2.39 lakh units; exports rise 43% YoY.
- IDBI Bank Govt says divestment remains on track; performance strong across key parameters.
- Eicher Motors (Royal Enfield) April sales rise 31% YoY to 1.13 lakh units.
- Ola Electric April registrations rise over 20% MoM to 12,166 units.
- Indian Hume Pipe JV secures ₹2,253 crore irrigation project orders in Maharashtra.
- Eicher Motors (VECV) April sales increase 7% YoY to 7,318 units.
- Tata Motors CV April sales rise 28% YoY to 34,833 units.
- GST Collections April GST revenue increases 8.7% YoY to ₹2.42 lakh crore.
- Atul Auto April sales jump 74% YoY to 3,001 units.
- Coal India April production down 9.7% YoY; offtake down 2% YoY.
- Mahindra & Mahindra April PV sales up 8% YoY; tractor sales up 21% YoY.
- SML Isuzu April vehicle sales increase 15% YoY to 1,741 units.
- Hyundai Motor India April sales rise 17% YoY to 51,902 units.
- Escorts Kubota April tractor sales increase 24% YoY; exports decline 21%.
- LPG Prices 5 kg free-trade LPG cylinder prices increased by ₹261.
- Vodafone Idea receives ₹23,000 crore AGR relief; payment timeline extended.
- NCC bags ₹1,703 crore orders across multiple infrastructure segments.
- Bajaj Finance expects ₹400 crore annual impact from prudent flooring norms.
- BSE overtakes NSE in F&O market share with 55.4% share in April.
- Jindal Steel targets FY27 production of 11–11.5 MT and sales of 10.5–11 MT.
- Bombay Dyeing launches ultra-luxury residential tower in Dadar with ₹6,500 crore revenue potential.
- Zen Technologies appoints Dr. Sreenivas Rao Yellamanchali as CTO effective May 6, 2026.
- Meghmani Organics receives NCLT order to convene stakeholder meetings for merger with Kilburn Chemicals and Meghmani Crop Nutrition.
- Zydus Lifesciences subsidiary acquires France-based FBC Medical for €700,000.
- RBI repatriates ~77% of India’s gold reserves into the country by March 2026.
- Tech Mahindra step-down subsidiary to acquire 85% stake in Alluri Technologies for CAD 28 million.
- ideaForge Technology shifts strategic focus toward offensive drone capabilities for FY27.
- Poly Medicure subsidiary acquires Medyneo in Brazil for R$180,000.
- Bharat Dynamics CMD A. Madhavarao retires; D. V. Srinivas Rao given additional charge.
- Vodafone Idea DoT finalizes AGR dues at ₹64,046 crore after reassessment.
- HCLTech named official AI partner for MetLife Stadium, NY Jets and NY Giants.
- Siemens secures ₹1,825 crore internal work allocation from group company.
- Tata Power subsidiary TPREL to enter solar ingot and wafer manufacturing with ₹6,500 crore investment.
- ACC capacity expansions at Salai Banwa and Kalamboli to add 3.4 MTPA in Q1 FY27.
- Panacea Biotec reports fire incident at oncology facility; no material financial impact expected.
- Sona BLW Precision reports strongest-ever quarterly performance with 47% YoY revenue growth.
- Sona BLW Precision adds ₹5.8 billion to order book via EV and hybrid program wins.
- M&B Engineering secures ₹71.95 crore domestic PEB order.
- Firstsource Solutions partners with Typeface to launch AI-driven Agentic Marketing Service.
- Infosys ranked No.1 IT services provider for banking (Europe) and financial services (Nordics) by Whitelane Research.
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