🗞️ Daily Business Brief – MAY 18 2025
- FIIs & DIIs FIIs remained net buyers worth ₹1,329.17 crore while DIIs turned net sellers worth ₹1,958.82 crore in equities on a provisional basis.
- Adani Enterprises U.S. Department of Treasury agreed to a $275 million settlement over potential liability linked to alleged Iran sanctions violations.
- Eicher Motors Andhra Pradesh government approved a 215.7-acre land parcel at Tada for proposed greenfield expansion with estimated investment of up to ₹2,500 crore.
- Vascon Engineers received Letter of Intent worth ₹131.58 crore from Reliance Industries for construction work at Jamnagar expansion project.
- Haryana Government approved new rules banning petrol and diesel vehicles for cab aggregators in NCR.
- JSW Energy divested 2.5 crore shares of JSW Steel through bulk deal, realizing gross proceeds of approximately ₹3,150 crore.
- Government Advisory Centre issued austerity advisory for government-owned banks, insurers and financial institutions, directing rationalisation of expenses.
- Iran announced a new Strait of Hormuz authority (PGSA) amid ongoing transit negotiations.
- HDFC Bank sources indicate Keki Mistry’s interim chairman tenure may be extended by another 90 days.
- Power Grid Corporation FY27 capex guidance set at ₹37,000 crore after FY26 capex delivery of ₹39,967 crore; expects new HVDC opportunities over next 18-24 months.
- UNO Minda management highlighted geopolitical concerns and rising commodity prices; maintained FY27 margin guidance at 11% ±50 bps.
- U.S. Treasury to continue sanctions waiver allowing poor countries more time to purchase Russian oil for another 30 days.
- Max Healthcare completed acquisition of ~58.28% stake in Kalinga Hospital for ~₹297.97 crore, making the Bhubaneswar facility its subsidiary.
- GE Vernova T&D India approved ₹55 crore investment for new manufacturing facility in Vallam, Tamil Nadu for disconnectors and drives.
- Waaree Renewable Technologies secured a large turnkey 350MW / 1400MWh Battery Energy Storage System EPC contract.
- Iran-US Talks reports suggest the U.S. has shown flexibility in nuclear discussions and may temporarily ease certain oil sanctions during negotiations.
- Piramal Pharma successfully closed US FDA inspection at Digwal, Telangana manufacturing facility after receiving official Establishment Inspection Report.
- Captain Polyplast secured ₹11.80 crore order from Maharashtra State Electricity Distribution Company.
- Deccan Gold Mines discovered significant Nickel-Copper-PGE mineralisation at Bhalukona project in Chhattisgarh.
- Strides Pharma targets North America business revenue of ~$400 million by FY28 and expects growth recovery by H2FY27.
- G R Infraprojects subsidiary signed concession agreement with NHAI for highway upgradation project worth ₹1,453.57 crore.
- Eicher Motors Amazon India to deploy 1,000 Eicher electric trucks for Amazon Now operations.
- Marine Electricals won order worth ₹209 crore.
- BSE likely to be included in Nifty 50 index while Wipro may get excluded.
- Hind Rectifiers Tata Group to invest around ₹100 crore at ₹920 per share, according to concall commentary.
- UNO Minda announced FY27 capex plan of ₹1,750 crore, including ₹1,100 crore toward growth projects.
- Pace Digitek secured ₹709.9 crore BESS EPC and long-term O&M contract from NLC India Renewables for Tamil Nadu project.
- Man Infraconstruction acquired ultra-luxury Bandra West sea-view residential project with GDV exceeding ₹1,000 crore.
- Tata Power and Druk Green Power Corporation signed MoU to build skill ecosystem for development of 5,000 MW clean energy capacity.
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