🗞️ Daily Business Brief – june 21, 2025
- Reliance Industries (Jio Platforms) files DRHP with SEBI for IPO; fresh issue of 27 crore shares proposed.
- Kirloskar Oil Engines secures major order from HyperNext for 192 MW power generation capacity for AI-enabled hyperscale data centres.
- RVNL receives LoA from NMDC for developing a 10 MTPA buffer stockyard and blending facility at Visakhapatnam.
- Aurobindo Pharma receives five observations from US FDA after pre-approval inspection at Eugia Steriles facility.
- Chennai Petroleum (CPCL) upgraded to Navratna CPSE status following government approval.
- Himadri Speciality Chemical increases stake in International Battery Company (USA) to 20.47% through additional investment.
- Vikram Solar faces insolvency proceedings after NCLT Kolkata admits petition under IBC filed by Isitva Steels.
- Garden Reach Shipbuilders (GRSE) receives Navratna status, strengthening its position among defence PSUs.
- Goodluck India subsidiary bags ₹255 crore defence order for supply of 155mm long-range artillery shells.
- Mahindra Lifespace Developers acquires 15-acre land parcel in Mumbai’s Kandivali East with GDV potential of ₹5,600 crore.
- India Crude Imports Russian oil remains top source while UAE supplies reach near-record levels amid Hormuz concerns.
- Tata Motors secures over 3,400 electric commercial vehicle orders across logistics, freight and passenger transport segments.
- India-US Trade Talks ministerial-level negotiations gain momentum as both nations work towards a comprehensive trade agreement.
- Sun Pharma to acquire Innovcare Lifesciences for ₹271.2 crore to strengthen specialty healthcare portfolio.
- Power Mech Projects wins ₹1,008.9 crore order from JSW Thermal Energy for West Bengal power project.
- Data Centre Sector India’s data centre pipeline reaches 8.33 GW, driven by rising AI and cloud infrastructure demand.
- Deep Industries receives ONGC Letter of Award worth ₹83.8 crore.
- Pharma Sector Centre bans 16 fixed-dose drug combinations citing public health and safety concerns.
- Japan-India Business over 76% of Japanese firms in India report profitability, with expansion plans gaining momentum.
- TCS valuation premium narrows significantly as IT sector weakness drags multiples closer to Wipro levels.
- Adani Group explores participation in major West Bengal infrastructure projects including Hooghly tunnel and power projects.
- Petrochemical Sector government may extend duty-free import window for 40 products amid West Asia supply concerns.
- India-UK Trade Pact India to allow import of 3.78 lakh UK-made cars at concessional tariff rates over 15 years.
- Xiaomi India plans entry into large home appliances segment including ACs, refrigerators and washing machines.
- Life Biosciences begins first human trial of reverse-aging therapy using cellular reprogramming technology.
- Global Energy Market United States overtakes Russia to become the world’s largest oil exporter.
- Apple iPhone price hikes may slow India growth, prompting analysts to cut sales forecasts.
- Housing Sector rising land costs and approval delays continue to challenge affordable housing development.
- LPG Imports India diversifies sourcing strategy, reducing dependence on West Asian suppliers.
- Israel-US Relations Netanyahu reiterates commitment to Israel’s security while maintaining strong US partnership.
- EV Industry seeks improved financing access and payment security mechanisms to accelerate adoption.
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