🗞️ Daily Business Brief – MAY 18 2025
- FII & DII Flow FIIs were net sellers worth ₹2,457.49 crore while DIIs remained strong net buyers worth ₹3,801.68 crore in equities today (provisional).
- JSW Energy to raise stake in Toshiba JSW Power Systems to 20.7% through a ₹150 crore deal, strengthening turbine access and thermal expansion plans.
- Hindalco Industries / Novelis reported Q4 loss after Oswego plant fires in the US disrupted shipments and impacted profitability despite resilient demand.
- Indian Railways approved ₹2,193 crore infrastructure projects for Chennai suburban network, Howrah-Delhi route and Katra section.
- Raamdeo Agrawal says rupee remains under pressure amid elevated crude prices and persistent FII outflows, while strong DII buying continues supporting market resilience.
- Strides Pharma maintained North America revenue target of up to $400 million by FY28 and expects US business recovery from H2FY27.
- Zaggle Prepaid promoter RAN Ventures acquired 1 lakh shares through open market transaction on May 18.
- ICICI Prudential Life IRDAI may allow Prudential 12–18 months to dilute 12% stake; ICICI Bank may acquire 2% stake from Prudential.
- Standard Chartered likely to exit bancassurance partnership with ICICI Prudential Life and may partner with Bharti Life Insurance.
- Bharat Forge signed MoU with Andhra Pradesh Government to establish India’s first private-sector marine gas turbine facility in Visakhapatnam.
- Global Oil Market Donald Trump said oil prices are unlikely to remain elevated for long.
- Zydus Lifesciences board approved buyback of up to 95.65 lakh equity shares at ₹1,150 per share aggregating up to ₹1,100 crore.
- Mankind Pharma approved additional investment of up to ₹500 crore in Mankind Medicare in one or more tranches.
- SPARC partner Ocuvex Therapeutics received US FDA complete response letter for PDP-716 NDA due to manufacturing inspection findings.
- NIBE successfully completed test-firing of its Suryastra Universal Rocket Launcher System.
- Godfrey Phillips India received ad-hoc insurance payment of ₹100 crore following the late-2025 fire incident.
- Zydus Life expects high-teen revenue growth and EBITDA margin of 24% in FY27, while North America sales growth may remain in single digits.
- Hindalco Industries targets FY27 capex between $2.1 billion and $2.4 billion including around $350 million maintenance capex.
- Indian Oil Corporation said refineries are operating at full capacity with crude inventory available for more than one month.
- Lloyds Engineering Works received NSE no-objection letter for merger scheme involving three companies.
- Zydus Lifesciences reported FY26 revenue growth of 18%, ahead of guidance for double-digit growth.
- Reliance Industries reportedly in talks with CATL and global suppliers for battery energy storage system components procurement.
- Transformers & Rectifiers India secured fresh order worth ₹175 crore.
- ITC cigarette sales reportedly declined 20% in April-May period following price hikes, according to dealers.
- Puravankara guided FY27 projected sales of ₹11,200 crore, implying growth of over 51% across southern and western markets.
- Deccan Gold Mines projected Kyrgyzstan FY27 revenue guidance at ₹300 crore with PAT of ₹100 crore.
- Kaynes Technology targets 20–25% growth and ₹1,000 crore OSAT business over next three years despite temporary weakness due to US duties.
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