🗞️ Daily Business Brief – JAN 15, 2025
- Supreme Court vs Tiger Global rules capital gains from Mauritius route taxable in India; flags round-tripping as tax evasion; tax benefits only for genuine commercial entities.
- BHEL begins supply of traction transformers for Vande Bharat sleeper train project.
- Commerce Ministry – Trade Update says limited trade with Iran mainly in food & pharma; awaiting US sanctions clarity; merchandise exports up 9.75% to US and 36.68% to China in first 9 months of FY.
- India-EU FTA Talks enter final stage; 20 out of 24 chapters closed.
- India-US Trade Talks progressing; virtual meeting held with USTR; deal near but no timeline.
- Overall Exports Growth rises 4.33% YoY to $634.26 billion in first 9 months of FY.
- Export Growth Markets include China, UAE, Malaysia, Hong Kong, and Spain.
- Iran Airspace Closure extended amid US tensions; Air India, IndiGo and SpiceJet issue travel advisories.
- Paytm sees mutual fund shareholding dip for first time since listing; retail selling continues.
- RBL Bank Emirates plans India team expansion after acquiring majority stake.
- Infosys ADRs jump nearly 10% after FY26 growth guidance raised and deal wins surge.
- US Supreme Court will not issue tariff decision today.
- RBI grants in-principle approval to SMBC to set up wholly owned subsidiary in India.
- Dr Reddy’s launches first generic version of Pataday eye drops in the US.
- Godrej Properties emerges as India’s largest listed residential real estate developer by booking value & collections in CY25.
- Godrej Properties Booking Value grows 19% YoY to ₹34,171 crore in CY25.
- Godrej Properties Collections increase 28% to ₹18,979 crore in CY25.
- India Exports Outlook expected to cross $850 billion in FY26: Trade Secretary.
- India Services Exports at $35.50 billion in December.
- India Services Imports at $17.38 billion in December.
- India Trade Deficit stands at $25.05 billion in December.
- India Goods Imports at $63.55 billion in December.
- India Goods Exports at $38.5 billion in December.
- Highway Infrastructure receives Letter of Acceptance worth ₹69.7 crore.
- Zydus Life gets USFDA final approval for Eltrombopag tablets; annual sales potential $1.26 billion.
- Infosys Romania completes merger of step-down subsidiaries In-Tech Engineering Services SRL and ProIT SRL.
- RateGain Travel Tech partners with Sunlight Air to enable smarter pricing decisions.
- Shilpa Medicare sells majority stake in Koanna Healthcare Canada; no financial impact.
- Kernex Microsystems wins ₹2,465.7 crore order; execution timeline 12 months.
- NTPC Green Energy declares COD of 300 MW phase of Bhadla Solar Project; total group capacity rises to 8,310.28 MW.
- Cipla receives USFDA Form 483 for Pharmathen Greece facility; Lanreotide supply expected in H1 FY27.
- Deepak Fertilisers gets relief as CIT(A) drops ₹382.81 crore tax penalties on Mahadhan Agritech.
- Prestige Estate launches Evergreen at Prestige Raintree Park, Bengaluru with ₹5,000 crore GDV.
- Prestige Estates Q3 & 9M FY26 posts record sales ₹223 billion and collections ₹132 billion.
- Prestige Estates Q3 FY26 pre-sales rise 39% YoY to ₹41.8 billion.
- Dalmia Bharat subsidiary acquires 26% stake in Truere Surya for 128 MW captive solar sourcing.
- Himadri Speciality Chemical makes additional investment in Sicona Battery Technologies.
- Bandhan Bank Chief Audit Executive Navin Sharma resigns.
- CEAT partners with CleanMax for ~59 MW hybrid wind-solar projects.
- Kolte-Patil Developers Q3 FY26 sales value at ₹6.05 billion; collections at ₹7.09 billion, up 25% YoY.
- Universal Cables board approves agreement with TS Conductor Corp USA for advanced HTLS conductors.
- Kirloskar Industries resumes operations at Jejuri plant from January 13, 2026.
- Kirloskar Ferrous Industries resumes operations at Hiriyur plant, Karnataka.
- Zaggle Prepaid Ocean Services enters agreement with Jio Credit Limited.
- Transrail Lighting wins orders worth ₹5.27 billion.
- HEC Infra Projects receives work order worth ₹163.5 million.
- NBCC India secures ₹550 million work orders from Indian Overseas Bank.
- Mahindra & Mahindra XEV 9S and XUV 7XO record 93,689 bookings.
- RailTel Corporation bags ₹15.99 crore order from FSSAI; execution by January 2029.
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