🗞️ Daily Business Brief – JAN 06, 2025
- FIIs / DIIs Activity FIIs were net sellers worth ₹1,527.71 crore, while DIIs turned net buyers with ₹2,889.32 crore in equities today (provisional).
- India GDP Outlook Govt sees GDP growth at 7.4% in FY26, broadly in line with CNBCTV18 poll estimate of 7.5% and 90 bps higher than FY25 growth.
- Balaji Amines Receives eligibility certificate under Maharashtra PSI-2013; eligible for ₹258 crore industrial promotion subsidy along with electricity duty exemption and 100% stamp duty waiver for Unit-4 expansion at Chincholi MIDC for seven years.
- Angel One Board meeting scheduled on January 15 to consider a proposal for stock split.
- Seeds Bill Govt targets to present the Seeds Bill in Parliament in February; around 9,000 suggestions received, says Agriculture Secretary.
- Gland Pharma Receives US FDA approval for eye allergy OTC drug Olopatadine Hydrochloride.
- Biocon Company arm plans to introduce three new oncology biosimilars in the future, announced at a US healthcare conference.
- Lemon Tree Hotels Warburg Pincus likely to acquire a meaningful stake; deal may trigger an open offer. CNBC-TV18 has written to Lemon Tree, Warburg Pincus and APG Strategic, responses awaited. Alert: Warburg Pincus was an earlier investor and exited by 2019.
- India Capex Trend Capex revival led by manufacturing and new-age sectors, while services and infrastructure continue to lag.
- General Insurance – December Go Digit premium rises 22% YoY, while ICICI Lombard premium grows 16% YoY.
- Infosys Infosys and Cognition announce a strategic collaboration to accelerate the AI value journey for global enterprises.
- Sri Lotus Developers & Realty Company signs development agreement with Abhishek Bachchan for an ultra-luxury real estate project in GIFT City, Gujarat; project to have built-up area exceeding 1 million sq. ft., marking its first venture in Gujarat.
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