🗞️ Daily Business Brief – JAN 22 2025
- FIIs and DIIs Activity FIIs net sold ₹2,549.80 crore while DIIs net bought ₹4,222.98 crore in equities (provisional).
- MSDE and WEF MoU Ministry of Skill Development & Entrepreneurship signs MoU with World Economic Forum to strengthen India’s skills and TVET ecosystem.
- Adar Poonawalla on RCB Bid Serum Institute CEO says he will put in a strong and competitive bid for RCB.
- Ashoka Buildcon Wins ₹308 crore contract to build a signature bridge in Daman.
- TVS Emerald Raises ₹425 crore equity from IFC for new housing projects.
- SBI Capital Strategy SBI to rely on internal profit generation over fresh capital; AMC divestment on track for CY26.
- Zydus Life Sciences In talks to acquire US biopharma firm Ardelyx; may acquire control or key molecules; QIP fundraising likely to partly fund acquisition.
- Motilal Oswal Mutual Fund Launches Financial Services Fund; NFO to open on January 27.
- IIFL Finance Shares fell up to 15% after company received Income Tax department communication directing special audit under Section 142(2A).
- Indus Towers To incorporate arm in GIFT City, Gujarat, to function as an investment holding company.
- CAMS Q3 Results Stock surged after 10% profit growth with margins expanding over 100 basis points QoQ.
- LIC OFS Update Sources indicate LIC OFS postponed, likely to take place in the next financial year.
- Civil Aviation Ministry Asks airlines to apply for slots vacated by IndiGo due to 10% winter capacity cut and warns of cancellation if preparedness is inadequate.
- Reliance Industries Company announces amalgamation of 16 step-down subsidiaries with Reliance New Energy.
- Tata Communications Board approves composite scheme for demerger of non-licensed business and amalgamation of wholly owned subsidiaries.
- Intellect Design Arena Accelerates global enterprise AI adoption; onboards 14 value discovery partners across India, Africa, Europe, UK, APAC and Canada.
- Sterlite Technologies Completes successful trial of multi-core fibre with Colt in the UK, enabling next-generation optical connectivity.
- NTPC Green Energy Signs MoU with Government of Uttar Pradesh for development of renewable energy and green hydrogen projects.
- RailTel Corporation Secures ₹141 crore work order from Ministry of Defence for AMC services with execution till January 30, 2031.
- Air India (Bloomberg) Set to report record $1.6 billion annual loss following last year’s deadly crash and airspace shutdowns.
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