🗞️ Daily Business Brief – JAN 18, 2025
- US Tariffs on Europe President Trump announces 10% tariff on Denmark, Norway, Sweden, France, Germany, UK, Netherlands and Finland from Feb 1, rising to 25% from June 1, linked to Greenland deal negotiations.
- Labour Code Impact Revised wage rules hit IT and banks; HDFC Bank and ICICI Bank saw sharp employee cost hikes in Dec 2025, while TCS and Infosys also reported higher expenses.
- AI Power Demand World Economic Forum projects AI could nearly triple global power demand by 2030, with significant labour market impact.
- CG Power Order Win CG Power wins ₹900 crore US data centre transformer order from Tallgrass Integrated Logistics Solutions; shares fell 2.82% to ₹560.65 on NSE.
- EU on Greenland Issue EU Commission President reiterates support for Denmark and Greenland, stressing territorial integrity and continued dialogue with the US.
- IndiGo DGCA Impact IndiGo faces ₹1,180 crore-plus financial impact after DGCA’s final order on December disruptions.
- Tata Trusts Board Update Tata Trusts board meeting cancelled due to lack of quorum; Neville Tata induction deferred.
- Maruti Suzuki Gujarat Expansion Maruti Suzuki to invest ₹35,000 crore in Gujarat for new 10 lakh-unit manufacturing plant.
- ICICI Bank Leadership MD & CEO Sandeep Bakhshi gets two-year extension till October 2028.
- Ajay Banga Recognition World Bank President Ajay Banga named to ‘Board of Peace’ for Gaza.
- Reliance Industries Q3 Outlook Mukesh Ambani highlights strong operational resilience, Jio subscriber growth, retail performance and consumer business demerger.
- India-EU FTA Talks Commerce Minister Piyush Goyal says no EU nation opposes partnership; calls EU-FTA the “mother of all deals”.
- RBI FEMA Regulations 2026 RBI allows third-party receipts/payments with bank approval; advance remittance barred for gold and silver imports.
- SEBI FPI Proposal SEBI issues consultation paper to allow netting of funds for FPI transactions.
- Defence FDI Norms DPIIT proposes raising automatic route FDI cap to 74% for existing licences and easing restrictive conditions.
- Pharma Export Markets Brazil and Nigeria emerging as major export destinations for Indian pharma products.
- Rossari Biotech Board approves greenfield specialty chemicals manufacturing project in Saudi Arabia.
- CESC Green Power Signs MoU with Odisha government for solar cell, module manufacturing and battery pack facility with ₹4,500 crore investment.
- ACME Solar Holdings Commissions additional 12 MW wind project in Gujarat; total commissioned capacity reaches 68 MW.
- Engineers India To expand Dangote Refinery capacity from 650,000 bpd to 1.4 million bpd in Africa.
- Mphasis Acquisition Subsidiary acquires remaining 49% stake in MRALD UK, making it a wholly owned unit.
- TVS Srichakra Expansion Board approves ₹210 crore capex for capacity expansion at Rudrapur plant.
- LG Electronics India Receives Maharashtra government incentives worth ₹705.74 crore under Electronics Policy, valid till 2040.
- Cryogenic OGS Board approves UAE subsidiary incorporation and 30-year premises lease for expansion.
- Adani Energy Solutions Incorporates wholly owned subsidiary A-One Energy Networks for power transmission business.
- RCF Patent Grant Receives Indian patent for fertilizer coating process with 20-year validity.
- JSW Infra FY26 Guidance Targets ₹5,400 crore revenue and ₹2,600 crore EBITDA for FY26; EBITDA seen growing 15% in FY27 and doubling by FY28.
- Himadri Speciality Chemical Starts trial production at carbon black expansion facility; capacity to reach 1.3 lakh MTPA.
- HUL Recognition Two manufacturing units receive WEF Lighthouse recognition.
- Fortis Healthcare Merger NCLT approves merger of subsidiaries with Fortis Hospitals, effective April 1, 2022.
- Lloyds Metals Acquisition Subsidiary completes USD 90.8 million deal for 50% stake in DR Congo copper mining assets.
- Jash Engineering Extends Westech India acquisition long-stop date to Jan 23, 2026; resets consideration to ₹29.11 crore.
- Delhivery Subsidiary Incorporates Delhivery Financial Services following MCA approval.
- Protean eGov Tech MD & CEO Suresh Sethi resigns effective March 31, 2026; V Easwaran to take charge as interim CEO.
- Bajaj Finserv Deal Acquires remaining 50% stake in Bajaj Allianz Financial Distributors; JV agreement with Allianz SE terminated.
- Tata Communications Issues ₹3 billion commercial paper.
- Tech Mahindra Outlook Management expects strong deal pipeline and revenue outperformance in FY27.
- RVNL Order Win Emerges L1 bidder for South Eastern Railway contract worth ₹875.6 million.
- GMR Airports Traffic December passenger traffic declines 1.9% YoY.
- Allied Blenders Approves acquisition of distillery assets in Uttar Pradesh with deal size up to ₹1.10 billion.
- Bharat Forge Defence Order Secures ₹300 crore emergency procurement contracts for unmanned systems.
- Federal Bank Margin NIM expands 12 bps QoQ to 3.18%.
- Angel One Revenue Mix F&O contribution declines to 44.3% of total income, reflecting diversification strategy.
- Tembo Global Industries Qualifies as L1 bidder for ₹300 crore KNPC revamp tender.
- Sterling & Wilson Renewable Management expects minimum 1 GW annual order flow from Adani project.
- HDFC Life Q3 Update Management notes business growth below budgeted mid-teens new sales target.
- L&T Order Win Wins large contract valued between ₹25 billion and ₹50 billion.
- Zen Technologies Secures ₹404 crore defence orders for anti-drone systems and simulators.
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