🗞️ Daily Business Brief – JAN 27 2025
- US Ambassador Sergio Gor shares update that President Trump spoke with Prime Minister Modi; more details awaited.
- Metals Market Volatility sees ETFs leading NSE turnover amid rising volatility and leverage.
- CEA V Anantha Nageswaran says firms were offered lower tax rates with fewer exemptions; government boosted R&D funding across TRL levels and supported innovation through public policy funding.
- PB Fintech board approves fund raise via QIP; sources say funds likely aimed at financing an acquisition.
- Commerce Secretary Rajesh Agrawal states India is diversifying energy imports, trade deficit unlikely to rise more than $15–20 billion by year-end, and 200 legacy industrial clusters to be rejuvenated under Budget.
- Sunil Bharti Mittal (Bharti Enterprises) shares views on Budget 2026 with CNBC-TV18.
- Advent International likely to infuse $300 million into Aditya Birla Housing Finance as primary capital; confirmation awaited from companies.
- NTPC Green Energy inks MoU with Assago Industries for supply of green ammonia, CO2, RE power and utilities for green urea plant.
- RITES & SAIL sign MoU for locomotive leasing and maintenance.
- Coal India upgrades pay scale for mid-level executives; impact estimated at ₹34 billion.
- Brigade Hotel Ventures signs MoU with Tamil Nadu government to invest ₹1,100 crore in Chennai to add 500+ hotel keys.
- BLS International Services acquires 95% stake in Bahrain-based MVA International W.L.L., making it a step-down subsidiary.
- CreditAccess Grameen clarifies media reports as speculative; no promoter share sale or bank investment discussions.
- Ather Energy board approves incorporation of wholly owned subsidiary in Hong Kong to strengthen APAC procurement and supply chain.
- IRB Infrastructure Developers concludes transfer of Gandeva Ena HAM project; receives ₹513 crore consideration and consolidated debt to reduce by ~₹700 crore.
- ACME Solar Holdings receives GEDA commissioning certificate for 16 MW wind power project.
- Tata Steel acquires shares worth USD 625.75 million in TSHP.
- Adani Ports handled 44.8 MMT cargo in Jan’26 (+12% YoY); growth led by containers, liquids and dry cargo; logistics rail volume at 59,308 TEUs (+3% YoY).
- Tata Chemicals approves ₹5.15 billion investment for greenfield iodised vacuum salt manufacturing facility.
- Unichem Laboratories USFDA inspects Kolhapur facility; inspection closed with five observations, none related to data integrity.
- UPL reaffirms FY26 guidance; net debt lower by ₹2,500 crore YoY; Q3 EBITDA at ₹23.2 billion with margin of 18.9%.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
