🗞️ Daily Business Brief – MAY 06 2025
- FIIs & DIIs FIIs remained net sellers at ₹5,834.90 crore while DIIs turned net buyers at ₹6,836.87 crore in equities (provisional).
- Iran-US Talks White House reportedly nearing a one-page memorandum of understanding with Iran to end the war and framework future nuclear negotiations.
- G7 Trade Talks G7 nations discussing critical minerals strategy amid rising US-EU tariff tensions.
- Iran Iran evaluating a 14-point US peace proposal amid ongoing diplomatic discussions.
- NSE IPO Major stakeholders likely to offload stakes ahead of IPO. Stock Holding Corp may sell 0.44%, LIC over 1%, while New India Assurance, GIC Re, ChrysCapital and Temasek may also pare holdings.
- KPIT Technologies Reported constant currency revenue growth of 1.8% QoQ; sees FY27 stronger than FY26 in terms of growth visibility and market opportunities.
- Exide Industries Took 3% price hike in April due to rising commodity prices; further hikes under consideration with OEM negotiations underway.
- Zydus Lifesciences US FDA issued 7 observations to Ahmedabad manufacturing unit after inspection conducted between April 27 and May 5.
- Hero MotoCorp Entered FY27 with healthier channel inventory; plans multiple launches and doubling EV capacity amid strong VIDA demand.
- Shyam Metalics Pellet sales volumes rose 18.6% YoY while stainless steel realizations jumped 25.3% YoY during April.
- SPML Infra Secured ₹1,128 crore order from NTPC for 1 GWh Battery Energy Storage System project.
- JSW Energy Subsidiaries filed writ petitions in Himachal Pradesh High Court challenging HP Land Revenue Amendment Act 2025.
- Waaree Energies Step-down subsidiary signed PPA with SECI for 300 MW wind power project in Dwarka, Gujarat.
- Jio Financial Services Invested ₹300 crore into wholly owned subsidiary Jio Finance Platform and Service Ltd via equity subscription.
- Bajaj Auto Approved share buyback worth up to ₹5,633 crore at ₹12,000 per share.
- Arvind Subsidiary Arvind Advanced Materials entered US market through acquisition of DALCO-GFT.
- Shipping Corporation of India Signed MoU with NBCC for renovation and upgradation of Maritime Training Institute, Powai.
- RBI Relaxed norms for certain forex dealers and allowed authorised dealers to appoint forex correspondents under principal-agent model.
- Dabur India To incorporate a new wholly owned step-down subsidiary in the USA through Dabur International.
- Meesho Approved additional investment of up to ₹100 crore in subsidiary; management highlighted increasing macro uncertainty heading into FY27.
- Godrej Consumer Management said Indonesia pricing pressures have bottomed out and expects meaningful recovery beginning FY27.
- Greaves Cotton Expanding into SCV segment and new export geographies while strengthening retail engagement platform in FY27.
- Allied Blenders & Distillers Andhra Pradesh government revived LOI for greenfield IMFL bottling plant with annual capacity of 46.5 lakh cases.
- MCX Intermittent exchange issues across brokers leading to delayed order status updates and possible order rejections in commodities trading.
- India-Vietnam Relations India and Vietnam to strengthen defence, rare earths, critical minerals and energy cooperation; discussions may include BrahMos missile deal.
- Palm Oil Malaysian palm oil prices may rise nearly 12% to 5,200 ringgit per metric ton by mid-July, according to Reuters.
- Afcom Holdings Raised ₹200 crore through QIP to expand aircraft leasing fleet; investors include Abakkus Fund and Bengal Finance.
- Cummins India Parent company sharply raised India FY26 growth guidance to +2% from earlier -5%, signalling stronger demand outlook.
- BEL Defence Ministry signed ₹1,476 crore deal with BEL for procurement of air defence systems.
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