🗞️ Daily Business Brief – june 14 2025
- NSE says India’s digital gold market could see significant growth as jewellers and investors increasingly adopt electronic gold receipts (EGRs), boosting market participation and price discovery.
- Indian Embassy Oman successfully completed the rescue operation of Indian-flagged vessel MSV Virat 1; all 14 survivors rescued and repatriation efforts are underway.
- India-France Partnership PM Narendra Modi and French President Emmanuel Macron highlighted cooperation in AI, startups, advanced technology and manufacturing during Bharat Innovates 2026 in Nice.
- Jio Platforms entered the Global Top 20 in WIPO patent rankings with 6,817 cumulative patent filings and 1,009 patents granted worldwide.
- NLC India emerged as preferred bidder for the Govindpur critical mineral block in Telangana.
- Bansal Wire Industries secured a trial purchase order for steel tyre cord from a leading tyre manufacturer.
- KIMS board approved preferential issue of 77 lakh warrants worth ₹600 crore to promoters.
- Dr Reddy’s Laboratories launched Bosutinib Tablets 400 mg, the generic version of Bosulif®, in the US market for treatment of Chronic Myeloid Leukemia.
- JSW Energy signed an agreement to acquire Maruti Clean Coal & Power’s 300 MW thermal power project in Chhattisgarh for ₹1,410 crore.
- RBI to conduct an overnight Variable Rate Repo (VRR) auction worth ₹75,000 crore on June 15, 2026 under the Liquidity Adjustment Facility.
- RBL Bank appointed Bhavin Lakhpatwala as Chief Financial Officer effective June 12, 2026.
- Razorpay is reportedly preparing to file a confidential DRHP for a $500–600 million IPO, with a potential valuation of $5–6 billion.
- Inflation Update May CPI inflation came in at 3.93%, lower than market expectations of 4.08%, while food inflation stood at 4.78%.
- HDFC Bank has shortlisted five candidates for the chairperson position, with an appointment expected in July.
- Finance Ministry may review emergency credit support measures, MSME funding, liquidity preparedness and cybersecurity readiness amid the West Asia crisis.
- Commerce Ministry called for deeper India-France innovation partnerships, highlighting India’s manufacturing capabilities and talent pool.
- US-Iran Talks draft memorandum reportedly includes release of $25 billion in frozen Iranian assets, reopening of the Strait of Hormuz and commitments on nuclear restrictions.
- FEMA Rules government notified changes easing foreign investment in Indian equities by increasing individual and aggregate investment limits for overseas investors.
- Rare Earth Initiative Reliance, Vedanta and Adani are among firms exploring rare-earth processing opportunities as India seeks to reduce dependence on China.
- Sun Pharma clarified that the arrest of independent director Gautam Doshi has no impact on company operations, management or governance.
- FSSAI issued notices to eight food companies over allegedly misleading healthy-product claims on packaging and labels.
- Vedanta remains open to both equity and debt funding for growth while the parent company seeks a $5.2 billion refinancing package.
- Russian Oil Imports India increased imports from Russia in May, with crude oil accounting for approximately 83% of total imports from the country.
- China Manufacturing Greek Prime Minister warned that China’s dominant manufacturing share could significantly disrupt global industries.
- China Education Reform Chinese universities reportedly eliminated 12,000 degree programs as part of AI-driven workforce restructuring.
- 100% Ethanol Fuel India approved legal use of 100% ethanol fuel; Toyota, Suzuki, Hyundai and MG are expected to launch compatible vehicles.
- Gujarat Industrial Policy 2026 expected to introduce a new Ultra Mega category to attract large-scale manufacturing investments.
- RPP Infra Projects secured 11 new projects worth ₹2,470 crore, taking the order book to ₹3,750 crore.
- DCM Shriram Industries announced transfer of unclaimed FY19 dividends and related shares to the IEPF Authority.
- H.G. Infra Engineering received a Letter of Intent from REC Power for an interstate transmission project in Jharkhand.
- Ashoka Buildcon received LOA for development of a Gems & Jewellery Park in Raipur under PPP mode.
- Hexaware Technologies opened a new delivery center at GIFT City, Gujarat, and plans to create 1,000 high-skilled jobs over three years.
- Affle 3i acquired AdColony assets from Digital Turbine for $4.7 million to strengthen its consumer platform business.
- ACME Solar commissioned a 33.33 MW / 120.38 MWh BESS project in Rajasthan, taking commissioned storage capacity to 300 MW.
- NTPC Green Energy commissioned an additional 50 MW solar project in Rajasthan, taking total group capacity to 10,671 MW.
- Cyient announced a ₹720 crore buyback at ₹1,125 per share through the tender offer route.
- Meesho approved acquisition of Kirana Club for ₹202 crore in three tranches.
- AXISCADES Technologies outlined growth plans targeting ₹9,000 crore revenue by FY30 through aerospace, defence and strategic acquisitions.
- Shakti Pumps invested ₹10 crore in subsidiary Shakti Energy Solutions for establishing a 2.20 GW solar cell and PV module manufacturing facility in Madhya Pradesh.
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