🗞️ Daily Business Brief – JAN 12, 2025
- FIIs vs DIIs FIIs were net sellers of ₹3,638.40 crore while DIIs bought ₹5,839.32 crore in equities (provisional).
- NLC India board approves listing of green arm NLC India Renewables (NIRL), allows up to 25% stake dilution, announces ₹3.60/share interim dividend with record date Jan 16, 2026, and okays ₹66.6-crore investment in NIRL.
- Sical Logistics wins ₹4,038-crore contract from South Eastern Coalfields.
- Customs Reform Push India Inc seeks GST-style digitisation, duty slab rationalisation and amnesty scheme in upcoming Budget to ease working capital stress.
- Biocon launches ₹4,150-crore QIP with floor price at ₹387.74 per share.
- PSP Projects wins ₹61-crore arbitration award from Bhiwandi Nizampur Municipal Corporation.
- Apple & Samsung no government move to force disclosure of phone software, industry clarifies.
- TVS Supply Chain wins 3-year Daimler India contract for warehouse management in Chennai.
- Ola Electric enters energy storage with launch of residential battery ESS ‘Ola शक्ति’.
- Equity Dilution Alert company to dilute up to ~7.5% equity via preferential allotment to Tata Capital Growth Fund II (62 lakh shares), Serum Institute Life Sciences (5.5 crore), Activ Pine LLP (1.7 crore) and Mylan Inc (9.1 crore); 6-month lock-in applies.
- Market Holiday stock exchanges to remain closed on Jan 15 due to Maharashtra municipal polls.
- Inflation – Core CPI December core CPI at 4.6% vs 4.4% MoM.
- Inflation – Food December food inflation at -2.71% vs CNBC-TV18 poll of -1.3% and vs -3.91% MoM.
- Inflation – Headline CPI December CPI at 1.33% vs CNBC-TV18 poll of 1.62%.
- Textile Sector exporters under pressure due to US tariffs; Pearl Global warns smaller players may exit, risking job losses and factory closures.
- Reliance Industries says battery manufacturing plans are on track and within timeline.
- KRN Heat Exchanger approves ₹100-million loan agreement with Thermotech.
- Anand Rathi Wealth confident of delivering 20–25% long-term growth.
- CEAT incorporates wholly owned subsidiary in the UK – CEAT International UK Limited.
- TCS management says employee terminations to continue in Q4 with no specific target.
- K.P. Energy KP Group signs MoU with Government of Gujarat for ₹4,000-crore renewable energy projects.
- Mazagon Dock clarifies India–Germany submarine talks for $8bn under Project P75(I) are ongoing; no other material developments.
- Ion Exchange (India) arbitral award of ₹174.8 million against the company dismissed.
- C.E. Info Systems board approves ₹2-crore investment in IwayPlus for 6.06% stake as part of strategic initiatives.
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