🗞️ Daily Business Brief – JAN 11, 2025
- RIL & Jio AI Push Mukesh Ambani says Jio is building India’s largest AI-ready data centre at Jamnagar and will launch India’s first people-centric AI platform, starting from Gujarat.
- Reliance Capex Plan Reliance to double investments to ₹7 lakh crore over next five years; Jamnagar to become global clean-energy hub.
- Signature Global Q3 Update Pre-sales ₹2,020 cr (▼27% YoY, flat QoQ); Area sold 1.44 msf (▼42% YoY, ▲7% QoQ); Collections ₹1,230 cr (▲14% YoY, ▲32% QoQ).
- Venezuela Sanctions US may lift more sanctions; $5 bn IMF SDR assets could be unlocked to rebuild economy.
- Lloyds Engineering Signs exclusive design, manufacture & sell agreement for EPS Gen-4 cells with The Materials Works, USA.
- Spandana Sphoorty Evaluating merger of arm Criss Financial; board gives in-principle nod to form merger committee.
- ICICI Lombard Internal inquiry launched after unaudited Q3 & 9MFY26 data was accidentally shared on WhatsApp by a designated person.
- Demat Accounts India demat accounts hit 21.59 crore in Dec 2025; growth slowed to 16.5%, a six-year low.
- Vedanta Gets NCLT nod for demerger of subsidiaries including Talwandi Sabo Power and Vedanta Aluminium.
- Shriram Finance Moody’s upgrades outlook to Positive; Ba1 rating affirmed.
- US Supreme Court To give rulings on Jan 14 as Trump tariffs remain undecided.
- Phoenix Mills Q3 Retail consumption ₹4,787 cr (▲20% YoY); St Regis RevPAR ▲10% YoY; Residential sales ₹140 cr vs ₹58 cr YoY.
- Lemon Tree Hotels Warburg Pincus to invest ₹960 cr in arm Fleur Hotels.
- National Highways Act Govt plans amendments to fast-track road projects.
- AkzoNobel India Parth Jindal appointed Chairman; Rajiv Rajgopal re-designated as Joint MD & CRO from Jan 9, 2026.
- ICICI Prudential Life Reports steady premium growth in Dec 2025; Q3 trends mixed.
- ONGC Successfully capped Well Mori-5 in record five days.
- Reliance – Venezuela Oil In talks with US govt to get approval to import Venezuelan oil.
- Manappuram Finance Denies media report on Bain deal delay, calls it incorrect and speculative.
- Tata Capital Societe Generale buys 14.33 lakh shares at ₹354.50.
- Camlin Fine Sciences Raises stake in Vinpai to 83.82% via bond-to-equity conversion.
- REC Transfers two power transmission SPVs to successful bidders; subsidiaries cease from Jan 9, 2026.
- NTPC Mahagenco & NTPC sign agreement for STPL acquisition; deal size ₹38 billion.
- Cupid To consider bonus issue of shares on Jan 29.
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