🗞️ Daily Business Brief – JAN 26 2025
- RVNL bags ₹242.5-crore South Central Railway upgrade project.
- India-EU FTA termed a game-changer by industry, expected to boost trade and job creation.
- ICICI Prudential AMC turns constructive on equities, sees opportunity after recent market correction.
- Auto Imports from EU likely to rise due to duty reduction, helping market expansion: Audi India.
- EU Tariff Cuts on textiles (12% to 0%), leather & footwear (17% to 0%), marine & seafood (26% to 0%), rail products & ships (7% to 0%): Commerce Minister.
- JSW Energy on track for 15 GW capacity by FY26-end; plans ₹10,000 crore fundraising if required.
- India-EU Trade Deal to save up to $4 billion annually in duties on European products; machinery (44%), chemicals (22%), pharma (11%) tariffs largely to be eliminated.
- Auto Tariffs to gradually reduce from 110% to as low as 10% under India-EU FTA framework.
- Asian Paints Q3 decorative business India volume growth at 7.9% vs CNBC-TV18 poll estimate of 8–9%.
- India-EU FTA – Agriculture & Beverages wine tariffs cut from 150% to 75% initially and eventually to 20%; olive oil tariffs to drop from 45% to 0% over five years; processed agri product tariffs up to 50% to be eliminated.
- Auto Sector Concessions under India-EU FTA include tariff cuts on cars priced above ₹25 lakh with quota-based duty reductions.
- Car Import Duties to fall to 30–35% from current 66–110%; in-quota duties to reduce to 10% over five years.
- Export Quotas for Indian cars set at 2.5x EU quota, with Indian exports getting duty-free access.
- EV Imports quota-based approach to begin from the 5th year to protect domestic EV ecosystem.
- India-EU Talent Mobility Pact to allow Indian graduates 9–12 months job search window in EU, boosting long-term services exports.
- Vedanta board approves sale of 1.59% stake in Hindustan Zinc via OFS.
- ONGC JV signs shipbuilding contracts with Samsung for two Indian-flag ethane carriers.
- South Africa considers imposing tariffs up to 50% on vehicle imports from China and India to protect local auto industry.
- BofA Bull & Bear Indicator continues to flash SELL signal for US equities; index at 9.2 indicates extreme bullish positioning and correction risk.
- Info Edge (India) updates on whistle-blower complaint in 99acres vertical; independent law firm and forensic experts submitted findings; remedial actions underway.
- Titagarh Rail Systems signs agreement with ABB to deliver propulsion systems for 25KV metro projects.
- Infosys partners with Cursor to accelerate software engineering capabilities for global enterprises.
- Ramkrishna Forgings to boost growth with aluminum forgings, 45,000 MT casting plant, 40,000 MT forging capacity, LCV products, and railway bogie assembly from Q4 FY26.
- Bank Nifty Weekly Expiry brokers request SEBI to restore weekly expiry format: Zee Business.
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