🗞️ Daily Business Brief – MAY 04 2025
- India–Canada FTA second round of talks begins in New Delhi from May 4–8; Commerce Minister Piyush Goyal likely to lead India’s delegation later this month.
- Tata Sons board recast likely at May 8 meet; Srinivasan’s exit and Bhaskar Bhat’s entry under consideration, vice-chairman role may be scrapped.
- BSE vs NSE BSE gaining traction in options segment, while NSE continues to dominate in overall profitability.
- SEPC receives SEBI administrative warning for delayed disclosure related to arbitration and settlement with Hindustan Copper.
- Insurance Sector Finance Ministry reviews LIC, GIC, and Oriental Insurance plans; focus on penetration, profitability, digital transformation, and customer service.
- Aarti Industries outlines capex-led growth for FY27 with multiple project ramp-ups and ₹300–450 crore pilot project for new products.
- Crude Oil prices surge sharply after fire at UAE’s Fujairah oil site following Iranian drone attack.
- Envair Electrodyne receives in-principle approval for ₹136.87 crore copper clad laminate manufacturing project in Odisha.
- Dynacons Systems bags ₹750.82 crore order from RBI.
- Sobha plans strong FY27 launches across cities backed by resilient premium housing demand.
- CAMS to invest up to ₹200 million in CAMS Financial Information Services.
- NIBE subsidiary secures ₹12.58 crore order from MSEDCL for GIS survey and mapping.
- Tata Chemicals approves ₹100 crore investment to debottleneck salt capacity at Mithapur plant, adding 82,500 TPA.
- Indegene recognized as a leader in ISG Provider Lens™ for life sciences digital services 2026.
- Afcons Infrastructure secures ₹373 crore EPC orders in April 2026.
- EMS Limited receives ₹143.8 crore sewer network project order in Varanasi.
- Krishival Foods to operate 25 FOCO outlets under “Mellow & Co” by FY27 across key states.
- DCM Shriram sells surplus land in Telangana for ₹70.65 crore.
- Tata Technologies sees growth inflection; guides for double-digit growth and margin expansion in FY27.
- Meghmani Organics subsidiary receives approval to manufacture Nano DAP, NPK, and Zinc products.
- Hindustan Zinc CFO Sandeep Modi resigns.
- GE Vernova wins order for nine 150 MW pumped storage units for MEIL’s 1.35 GW hydropower project in Andhra Pradesh.
- Knowledge Marine acquires ~15 acres waterfront land in Palghar for shipyard expansion near Vadhvan port.
- Mobikwik launches “EverythingIsFair” campaign targeting UPI cashback and digital lending users.
- Ambuja Cements expects softer FY27 growth due to geopolitical challenges and weak monsoon outlook.
- Exide Industries expects continued growth momentum in auto replacement and inverter segments.
- HFCL wins order worth ₹84 crore.
- Vodafone Idea in talks with lenders to raise ₹35,000 crore debt.
- SEBI / RBI / IRDAI regulators not inclined to allow banks and insurers to invest in commodity derivatives.
- SpiceJet HC considers company offer to provide title deed instead of cash in Maran case.
- Vedanta / Adani NCLAT dismisses Vedanta appeal against CoC approval of Adani’s resolution plan for Jaiprakash Associates.
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