🗞️ Daily Business Brief – MAY 17 2025
- Prudential plc to acquire 75% stake in Bharti Life Insurance Company from Bharti Enterprises.
- Moody’s warns Strait of Hormuz disruptions could push Brent crude to $90–110/barrel, impacting inflation and growth; India among the most exposed oil importers.
- Samsung Electronics and labour union begin key talks to avert semiconductor industry strike ahead of May 21 deadline amid disputes over bonuses and AI-linked profit sharing.
- Foreign Portfolio Investors (FPIs) pulled out ₹27,000 crore in May; cumulative 2026 outflows cross ₹2.2 lakh crore amid global uncertainty and strong US dollar.
- Hero MotoCorp plans ₹1,500 crore FY27 capex to double scooter production capacity and expand EV output; additional ₹700+ crore earmarked for global parts centre in South India.
- Power Finance Corporation (PFC) board reserves REC merger proposal for Presidential approval; CMD authorised to seek formal clearance for proposed REC-PFC merger.
- Indraprastha Gas (IGL) hikes CNG retail price by ₹1/kg effective May 17 due to higher gas input costs and USD appreciation; Delhi CNG price rises to ₹80.09/kg.
- Government of India restricts import of silver bars containing 99.9% or higher purity by revising import policy from “Free” to “Restricted”.
- Vodafone Idea reports ₹51,970 crore Q4 net profit due to exceptional AGR-related accounting gain; core annual loss stands at ₹24,059 crore.
- Vodafone Idea board approves ₹4,730 crore preferential warrant issuance to an Aditya Birla Group promoter entity.
- Andhra Pradesh Government announces ₹30,000 incentive for third child and ₹40,000 for fourth child to encourage population growth.
- Emcure Pharma receives 7 US FDA observations for Sanand formulations facility in Gujarat.
- Allcargo Terminals April total volumes rise 7% YoY and 1% MoM to 59,200 TEUs.
- RBI announces auction of State Government Securities worth ₹20,100 crore.
- RBI to conduct 7-day Variable Rate Repo auction worth ₹1 lakh crore on May 18, 2026.
- Russia-China Relations Vladimir Putin to visit China on May 19–20 for bilateral talks with Xi Jinping marking 25 years of strategic cooperation treaty.
- India-UAE Energy Partnership UAE to store up to 30 million barrels of crude oil in India’s Strategic Petroleum Reserve.
- Aurobindo Pharma arm CuraTeQ Biologics receives CDSCO marketing authorisation for Bevqolva, a bevacizumab biosimilar for metastatic colorectal cancer treatment.
- Ola Electric reschedules earnings conference call to May 20, 2026.
- Commission for Air Quality Management mandates phased rollout of electric L5 three-wheelers across NCR starting January 2027.
- Dr. Reddy’s Laboratories launches generic semaglutide injection in Canada.
- Government of India levies ₹3/litre export duty on petrol exports and reduces export duties on diesel and ATF effective May 16.
- India Gems & Jewellery Exports decline 9.07% YoY in April to $2.23 billion.
- Indian Embassy in Russia confirms one Indian worker killed and three injured in Moscow region drone attack.
- HAL says Tejas deliveries may begin by September after prolonged delays.
- NSE focuses on differentiated products and technology expansion to gain commodities market share.
- Power Sector electricity bills may rise due to higher fuel prices increasing generation and supply costs.
- Karnataka Government implements new AIB-based excise duty leading to revised liquor and beer prices across Bengaluru.
- SBI chairman says branch staff are being shifted into sales-oriented roles.
- Maharashtra Government asks Apple and Google to remove Uber, Ola and Rapido apps amid crackdown on bike taxis.
- Uno Minda announces ₹550 crore EV powertrain plant investment with commissioning targeted for Q2 FY28.
- HEC Infra Projects bags ₹11.89 crore order from Power Grid Corporation for transformation capacity augmentation.
- Delhivery deploys autonomous mobile robots at Bhiwandi mega gateway to automate operations and reduce labour dependence.
- RDB Infrastructure & Power signs agreement to build 70 MW solar power project with 25 MWh battery storage in Rajasthan.
- IDFC First Bank receives reaffirmation of AA+/Stable rating from ICRA for ₹12,520 crore bonds.
- Adani Ports unit to acquire 51% stake in Meridian Transportes Marítimos S.A.
- Alembic Pharmaceuticals clears ANVISA GMP inspection for API-III facility at Karakhadi without observations.
- Arvind Limited projects double-digit FY27 revenue growth backed by strong order book and ₹450–500 crore growth capex.
- Cupid Limited targets ₹600 crore revenue and ₹180 crore net profit for FY27 with margins above 30%.
- HAL expects FY27 EBITDA margins around 30–31% and Tejas MK2 deliveries from Aug–Sept.
- ITC Hotels targets 250 hotels and 22,000+ keys by 2031 under long-term expansion strategy.
- Aether Industries announces commercial production ramp-up at Site 3++ scheduled for Q1 FY27.
- Indian Oil Corporation signs long-term LPG supply arrangement with ADNOC.
- Cochin Shipyard signs MoU with Drydocks World Dubai to establish ship repair cluster at Vadinar.
- Bharat Forge begins development of strategic defence facility in Andhra Pradesh with ₹1,500 crore planned investment.
- Solar Industries guides FY27 defence revenue at ₹4,500 crore versus FY26 guidance of ₹3,000 crore.
- Adani Green Energy revives plans to raise $1 billion through dollar bonds.
- Vishal Mega Mart expects 40–50 bps logistics cost reduction helping protect FY27 margins.
- IRFC expects double-digit growth in PAT and revenue during FY27.
- Data Patterns guides for 20–25% revenue growth and 35–40% EBITDA margins in FY27.
- AWL Agri Business says FMCG firms are hiking prices as edible oil costs surged nearly 10% in March.
- Government of India considering PLI scheme for seafood MSMEs to expand exporter base to 5,000.
- Patel Engineering guides for 10% FY27 revenue growth and expects ₹8,000 crore order inflows.
- Man Infra targets over ₹5,000 crore combined FY27–FY28 sales with strong launch pipeline and 35–40% revenue growth in FY27.
- Indraprastha Gas hikes CNG prices by ₹2/kg across Delhi-NCR while PNG prices remain unchanged.
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