🗞️ Daily Business Brief – MAY 05 2025
- ECLGS 5.0 Cabinet approves ₹5,000 Cr guaranteed credit support for aviation sector amid West Asia tensions; total additional credit flow targeted at ₹2.55 lakh crore.
- UCO Bank GST demand reduced sharply to ₹4.86 Cr from ₹1,473.48 Cr following appeal ruling.
- BEL bags ₹1,251 Cr order for Ground Based Mobile ELINT Systems (GBMES) supply to Indian Army.
- Force Motors April sales declined 4.36% YoY to 3,113 units; impacted by supply chain constraints and labour shortages.
- Coal India commissions 100 MW solar plant in Gujarat, marking diversification into renewable energy.
- NBCC secures multiple orders worth ₹176 Cr.
- KEI Industries recovers 6% from lows; management guides FY27 volume growth of 17–18% and revenue growth above 20%.
- Mahindra & Mahindra FY27 outlook: tractor growth mid-single digit, SUV growth mid-to-high teens; capacity ramp-up on track.
- Unicommerce partners with Waaree Energies to automate and unify e-commerce operations.
- Arvind Ltd in talks to acquire US-based Dalco Nonwovens for ~$125–140 Mn; awaiting official confirmation.
- Caplin Point arm receives USFDA approval for calcium gluconate injection for hypocalcemia treatment.
- M&M CEO highlights SUV share gain, export rank improvement and record tractor billing in FY26.
- Jindal Stainless flags propane & LPG supply constraints; FY27 guidance: 7–9% volume growth, exports at 8–10%.
- SEBI issues advisory on AI-driven vulnerabilities; forms task force with exchanges and depositories.
- Grasim Industries receives relief as NCLAT sets aside ₹301.61 Cr penalty imposed by CCI.
- DCX Systems and Israel Aerospace Industries break ground for radar manufacturing facility in Tamil Nadu.
- Consumer Demand Survey indicates 80% households may cut travel, 50% reduce LPG usage if fuel prices rise.
- TVS Holdings board to consider raising up to ₹1,250 Cr via NCD issuance.
- Cotton Mission government approves ₹5,659 Cr mission to boost cotton productivity.
- KEC International secures new orders worth ₹1,002 Cr.
- L&T appoints P. Ramakrishnan as Chief Financial Officer.
- Coforge reports 29.2% YoY growth with margin expansion; guides FY27 EBITDA above 20.5%.
- IEX April electricity volume rises 16.6% YoY to 12,341 MU; RTM segment surges 30.2% YoY.
- Premier Explosives receives export orders worth ₹33.69 Cr for rocket motors.
- Tata Power JV signs $515 Mn World Bank financing for 1,125 MW Bhutan hydropower project.
- SEBI proposes extending early pay-in benefit to commodity options segment.
- Avantel receives additional ₹3.01 Cr order from BEL for power amplifiers.
- PFC-REC merger plan targets April 1 completion; draft scheme expected soon.
- JLR India cuts prices of select Range Rover models following India-UK FTA developments.
- Aarti Industries aims diversification into high-margin, tech-driven segments.
- Tata Chemicals discussions underway on potential listing of Tata Sons; board meeting scheduled.
- Eco Recycling receives eligibility under National Critical Minerals Mission; expands into battery recycling.
- Larsen & Toubro wins large coal-to-ammonia nitrate project order in Odisha under Aatmanirbhar Bharat initiative.
- Biocon Kiran Mazumdar-Shaw names Claire Mazumdar as successor.
- India LNG to boost LNG storage capacity amid global supply concerns.
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