🗞️ Daily Business Brief – june 03 2025
- Institutional Flows FIIs were net sellers worth ₹5,616.56 crore while DIIs remained net buyers worth ₹5,740.89 crore in equities.
- Union Cabinet approved six major decisions with a combined outlay of nearly ₹40,000 crore aimed at supporting economic growth and infrastructure development.
- ATF Stabilisation Fund Cabinet approved a ₹10,000 crore Aviation Turbine Fuel price stabilisation fund to protect airlines and passengers from fuel price volatility amid West Asia tensions.
- Delhi Vehicle Scrappage Plan Cabinet approved ₹5,041 crore scheme to phase out old trucks and buses in Delhi; shares of JBM Auto and Olectra Greentech gained after the announcement.
- Telangana Highways Cabinet approved ₹7,597 crore for 4-laning of key National Highway stretches covering 190.76 km.
- Bihar Highways Cabinet approved ₹3,936 crore for 4-laning of National Highway projects in Bihar.
- Odisha Coastal Highway Cabinet approved ₹8,300.79 crore coastal highway project connecting Rameshwar to Paradip.
- NHPC OFS received full subscription with shares gaining around 5%.
- Hexaware Technologies partnered with UK-based HBSUK to improve clinician onboarding efficiency.
- Granules India shares gained after its US facility received Establishment Inspection Report (EIR) from USFDA; Chantilly facility classified as Voluntary Action Indicated (VAI).
- Capacite Infraprojects subsidiary received Letter of Intent worth approximately ₹589 crore from Ten X Realty.
- India-US Trade Talks Commerce Ministry said India remains engaged with the US regarding proposed labour tariffs under Section 301 while working towards a framework agreement.
- TCS stock fell nearly 9%, marking its biggest single-day decline since March 2020.
- RBI Gold Holdings RBI clarified reports regarding gold sales are incorrect and confirmed physical gold holdings remain unchanged at 880.52 tonnes.
- Varroc Engineering partnered with Suzhou Tolyy for display solutions targeting global passenger and commercial vehicle markets.
- TCS expanded partnership with Euroclear to modernise Sweden’s central securities depository platform.
- ICICI Prudential AMC received an administrative warning from SEBI over procedural delay in investor eligibility verification.
- Natco Pharma & Lupin received USFDA approval for Eribulin Mesylate Injection used in metastatic breast cancer treatment.
- Piramal Pharma received permanent revocation of closure directions for its Dahej facility from GPCB; operations continue normally.
- Power Mech Projects secured a ₹266.3 crore order from Adani Infrastructure.
- Shilpa Medicare to acquire 30.4% stake in Spain-based Gate2Brain through a €7 million investment.
- India-Oman CEPA expected to boost textile MSME exports and strengthen trade and supply-chain linkages.
- RDB Infrastructure & Power completed investment in newly incorporated Maxim Industries Private Limited.
- HFCL to transfer Thermal Weapon Sight business to HFCL Advance Systems for ₹50 crore and invest ₹89.25 crore into the subsidiary.
- BHEL signed a ₹2,000–2,500 crore contract with Dangote Petroleum Refinery, Nigeria, for supply of gas turbine generator packages.
- GMR Airports saw GQG Emerging Markets Equity Fund sell 19.5 crore shares through a block deal at ₹97.75 per share.
- Hero MotoCorp unveiled India’s first 100cc flex-fuel motorcycles supporting ethanol blends from E20 to E85.
- Skipper incorporated a wholly owned subsidiary in Abu Dhabi to strengthen international operations.
- Jain Irrigation commissioned one of the world’s largest industrial-scale biochar facilities.
- Rajesh Exports Executive Chairman Rajesh Mehta restrained by SEBI from dealing in company securities.
- Aurobindo Pharma inaugurated Theranym, a large-scale biologics contract manufacturing facility in India.
- Karnataka Bank went live with EPFO integration, enabling digital provident fund payments via internet banking.
- Indiabulls Enterprises approved ₹1,000 crore fundraising through preferential issue of warrants.
- LTIMindtree launched Managed Secure Service Edge solution in partnership with Cisco.
- JBM Auto led India’s electric bus market with 49% market share in May 2026 and recorded industry-high 157 registrations.
- Jeena Sikho Lifecare Bhopal hospital received NABH accreditation for Panchakarma services until May 2029.
- South Africa–Telangana Partnership discussions initiated to strengthen technology, innovation and investment ties.
- IEX May power trade volume rose 18.6% YoY to 12,983 MU while day-ahead market volumes increased 25%.
- CCI approved restructuring-related combination involving UPL Group companies.
- Suzlon Energy outlined Suzlon 2.0 strategy targeting 10 GW renewable energy sales and 70 GW AUM by FY31.
- Manappuram Finance guided for nearly 50% YoY gold loan growth in FY27 and raised yield guidance to 18–18.5%.
- Religare Enterprises ED Special Court issued summons to five accused in a money laundering case.
- Zydus Lifesciences received USFDA warning letter for Baddi facility related to purified talc observations; no impact on current operations.
- Gujarat Alkalies & Chemicals partnered with CleanMax for 75.9 MW wind and 84.34 MWp solar project, expected to reduce annual CO₂ emissions significantly.
- Bajel Projects received mega EPC order worth ₹300–400 crore for an EHV substation project.
- NMDC likely increased iron ore prices; lump ore price raised to ₹5,700/tonne and fines to ₹4,850/tonne.
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