🗞️ Daily Business Brief – OCT 07 2025
- Shaily Engineering Plastics Block Deal – Lighthouse India Fund sells 13.3 lakh shares (3% equity) for ₹284 crore at an average price of ₹2,134 per share.
- Godrej Consumer Q2 Update – Standalone business expected to see mid-single-digit value growth; UVG projected in low-single digits. Home care shows high-single-digit growth; personal care declines slightly due to soaps. Indonesia faces pricing pressure with mild UVG; GAUM markets (Africa, USA, Middle East) to post strong double-digit growth. Consolidated revenue to rise mid-single digits; EBITDA to decline temporarily due to GST transition.
- Keystone Realty Q2 Business Update – Pre-sales up 9% YoY at ₹763 crore; collections up 9% YoY at ₹601 crore. Added one project (0.21 msf) with an estimated GDV of ₹949 crore.
- India-U.S. Trade Outlook – Commerce Minister Piyush Goyal says India will resolve issues with the U.S. soon and aims for a resilient global energy supply chain. India is close to an FTA with Oman; more FTAs in discussion with Gulf nations, Chile, Peru, and the EU.
- IRB Infra – September toll collections up 11% YoY to ₹556.7 crore versus ₹501.8 crore last year.
- Titan Company Q2 Business Update – Domestic business up 18% YoY; international business up 86%; consumer business up 20%; watches up 12%, eyewear up 9%; emerging segment up 37%; jewellery up 19%. Added 55 new stores (54 domestic, 1 international); total store count now 3,377.
- Railway Sector – India approves ₹24,634 crore rail projects to expand the network in four states.
- Jaguar Land Rover Q2 Update – Wholesales at 66,165 units ▼24.2% YoY; retail sales at 85,495 units ▼17.1% YoY. Volumes impacted by cyber incident, wind-down of legacy Jaguar models, and higher U.S. tariffs. Range Rover, Range Rover Sport, and Defender models form 76.7% of Q2 wholesales.
- General Insurance – September Data – Go Digit premium ▲3% MoM; ICICI Lombard ▼12%; New India Assurance ▲48%; Niva Bupa ▼3%; Star Health ▲7%.
- Indraprastha Gas Ltd (IGL) – Change in Gujarat gas taxation to lower sourcing costs, boosting margins.
- Tata Group Governance – Sources highlight serious governance lapses by four Tata Trust trustees. Govt ministers to meet soon to review the matter.
- World Bank on India – Raises India’s FY26 GDP growth forecast to 6.5% (from 6.3%) and trims FY27 projection to 6.3% (from 6.5%).
- Tata Trust & Tata Sons – Trustees and Tata Sons Chairman to meet top Cabinet Ministers in New Delhi today to discuss governance concerns.
- CONCOR & UltraTech Cement – Companies sign pact to transport bulk cement via rail, advancing India’s green logistics initiatives.
- Bajaj Finserv – Rebrands insurance units to Bajaj General Insurance and Bajaj Life Insurance; acquires Allianz’s 26% stake to hold 100%. New campaign emphasizes long-term commitment.
- Anant Raj – Opens Qualified Institutions Placement (QIP) with floor price set at ₹695.83 per share.
- Lodha Developers – Reports Q2 pre-sales of ₹45.70 billion (▲7% YoY) and collections of ₹34.80 billion (▲13% YoY).
- Gold – U.S. gold futures hit $4,000/oz for the first time in history.
- SEBI & Weekly Options Expiry – Brokers and exchanges seek continuation of weekly options expiry. SEBI reviewing representations and collecting derivative data before initiating consultation.
- AIA Engineering – Receives USD 32.9 million order from a Chilean copper mine for high-chrome grinding media supply.
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