🗞️ Daily Business Brief – JAN 19, 2025
- Market Flows: FIIs net sold ₹3,262.82 Cr while DIIs net bought ₹4,234.30 Cr in equities (Provisional).
- Aditya Birla Lifestyle Brands: Investor likely to sell up to 3% stake via block deal; offer size $43 Mn, floor price ₹106.4/share.
- Aditya Birla Fashion & Retail: Investor likely to sell up to 3% stake via block deal; offer size $32 Mn, floor price ₹65.78/share (8.5% discount to CMP).
- India–UAE Ties: India & UAE sign food safety agreement to boost agri exports; to explore cooperation in advanced nuclear technologies including large & small reactors.
- Paras Defence: Launches semiconductor arm Paras Semiconductors; plans OSAT unit with focus on heterogeneous & 3D semiconductor packaging for defence applications.
- Rossari Biotech: Exports improving; company to exit low-margin B2C and consumer cleaning businesses to focus on higher-margin industrial & specialty chemicals.
- Bond Market: Indian bond prices slip tracking higher US Treasury yields; lower state bond supply limits downside.
- IMF on India: FY26 GDP growth revised up by 70 bps to 7.3%, citing strong Q3 outturn and Q4 momentum.
- Japan: Prime Minister to call snap elections on February 8.
- Market Coupling Case: APTEL says regulator must remain above suspicion; CERC states market coupling order won’t be implemented without regulations.
- IRFC: FY26 sanction guidance achieved in 9 months; disbursement target of ₹30,000 Cr on track with 75% already completed.
- Sun Pharma: Company clarifies reports of acquiring Organon are speculative.
- Torrent Pharma: Govt panel accepts Phase-III CT study for Semaglutide; recommends permission to manufacture & market tablets.
- Corona Remedies: Receives GMP compliance certificate from Eurasian Economic Union for Bhayla (Gujarat) facility.
- Apollo Micro Systems: To invest ₹300 Cr in new defence electronics manufacturing facility in Hyderabad.
- Ashapuri Gold Ornament: Receives purchase orders worth ₹29 Cr at IIJS Bharat Signature 2026.
- Supreme Power Equipment: Secures order worth ₹15.4 Cr.
- CEAT: Management expects positive momentum to continue and close the year strongly.
- Adani Ports: Rajkumar Beniwal resigns as Director.
- Waaree Energies: Receives orders for 210 MW DCR solar modules and 2000 MW solar modules.
- Waaree Renewable Tech: Signs EPC contract for 10 MWAC / 14 MWP solar plant; order value ₹379.6 Mn.
- GMDC: Receives rare earth processing technology from BARC.
- Acutaas Chemicals: Phase-1 of battery chemicals block inaugurated; facility may add 30% to annual revenue.
- BSE: Sensex open interest jumps nearly 4× after expiry-day reshuffle.
- BHEL: Nuvama notes margins hit due to completion of legacy loss-making projects; most expected to commission by Mar’26.
- Ola Electric: Harish Abichandani resigns as CFO effective Jan 19; Board appoints Deepak Rastogi as CFO effective Jan 20.
- Adani Power: NCLAT upholds the company’s ₹4,000 crore resolution plan for Vidarbha Industries.
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