🗞️ Daily Business Brief – MAY 07 2025
- FIIs & DIIs FIIs net sold ₹340.89 crore while DIIs net bought ₹441.07 crore in equities today (provisional).
- Cochin Shipyard subsidiary secured a ₹100–250 crore tug construction order from an Adani Group company.
- Lenskart launched a block deal involving 7.2 crore shares worth ₹3,293.6 crore at ₹470/share.
- Newgen Software guided for double-digit revenue growth with EBITDA margins of 23–24% and FY28 net profit target of ₹440–450 crore.
- Bharat Forge remains optimistic of achieving 25% revenue growth with proportional EBITDA expansion; restructuring of steel business expected by CY27-end.
- Bajaj Auto management indicated slowdown in motorcycle volume growth entering April 2026; promoters will not participate in buyback.
- Coal India government likely to divest 3–4% stake via OFS worth nearly ₹10,000 crore at a discount to market price.
- Britannia Industries reported ~9% growth in early Q4 before March slowdown due to West Asia supply disruptions; e-commerce contributes ~6% of domestic business.
- State Bank of India executive committee to meet on May 12 to consider fundraising up to $2 billion via foreign currency bonds.
- Pace Digitek secured ₹702 crore BESS project contract from Damodar Valley Corporation in Jharkhand.
- Zee Entertainment filed a commercial suit against JioStar India over alleged unauthorized use of copyrighted sound recordings, seeking damages of ₹28.75 crore.
- South Indian Bank received RBI approval for Kotak Mahindra Bank to acquire up to 9.99% stake in the bank.
- Thomas Cook India and SOTC Travel signed a long-term MoU with Vietnam’s Vinpearl to enhance Indian tourist experiences.
- NTPC signed agreement with MCD to terminate joint venture and acquire its 26% stake in NTPC EDMC Waste Solutions.
- Krystal Integrated Services to acquire 100% stake in Citelum India Private Limited.
- Phoenix Mills shareholding in associate Mirabel Entertainment diluted to 35.49% following rights issue.
- Dabur India cautioned that actual performance may vary due to market risks, regulatory changes and economic conditions.
- PNC Infratech emerged as L1 bidder for ₹194.40 crore flyover EPC project in Lucknow.
- Deep Industries secured 30-month contract extension worth USD 8.28 million (~₹78 crore) from Antelopus Selan Energy.
- Apollo Pipes plans to expand installed capacity from 240,000 tonnes to 288,000 tonnes over next two years.
- Apollo Pipes to undertake brownfield expansion at Dadri facility to meet rising demand in North India.
- MRF warned that Middle East conflict and supply disruptions are sharply increasing raw material and logistics costs.
- Westlife Foodworld remains on track to achieve 580–630 restaurants by 2027.
- Reliance Industries will not acquire Kandla GHA Transmission after PFC annulled the bidding process.
- Power Finance Corporation incorporated Fatehgarh II Transmission SPV for transmission infrastructure development.
- HFCL eyes defence business expansion amid rising geopolitical tensions and higher military spending.
- Blue Star warned of poor margin visibility due to volatile commodity prices, currency fluctuations and electronics shortages.
- NBCC India received ₹103.47 crore CSR-related work orders from Power Finance Corporation across multiple states.
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