🗞️ Daily Business Brief – JAN 27 2025
- India–US Trade Deal (Phase 1) – $30bn exports under 18% tariff, $44bn exports exempt; no change for auto & steel under Sec 232; India to buy oil, LNG, aircraft & chips; joint statement in progress.
- USTR Update (NBC Exclusive) – India’s industrial goods tariffs to drop to zero from 13.5%; selective protection on agriculture; non-tariff barrier removal is key part of the agreement.
- India–US Bilateral Agreement – Agriculture & dairy red lines respected; no tariff change for Sec 232 sectors; India plans $500bn purchases of US products vital for economic security.
- NTPC Green Energy – Second part of 125 MW Bhadla Solar PV project declared on commercial operation.
- DLF – Signs business transfer agreement with Makalu & Srijan; sells 17.75 acres land to Gangapurna Projects; IT/ITES SEZ undertaking sale for ₹4.1 bn; land sale deal worth ₹2.60 bn.
- IRFC – Signs strategic MoU for Tuticorin port development.
- Cupid – Independent Director Mr. Santosh Desai resigns from the board.
- JK Lakshmi Cement – Board approves higher investment for Durg plant expansion; project cost raised to ₹3,000 crore; completion by March 2028; clinker capacity at 12.3 MTPA and cement capacity at 22.6 MTPA.
- V2 Retail – Announces equity share split in 1:10 ratio.
- Power Grid Corp – Acquires SR and ER Power Transmission Limited.
- NLC India – NLC India Renewables receives award for 600 MW project.
- Vakrangee – RBI renews authorization for Vakrangee White Label ATMs.
- Excellent Wires and Packaging – Granted TRQ authorization by DGFT; license allows gold bar imports from UAE.
- JSW Infra – TNPPA files appeal against subsidiary ECTPL; NCLT order does not impact company’s financials or operations.
- JSW Energy – Company clarifies no plans for nuclear power investment.
- Infosys – Collaborates with Citizens to set up AI-first innovation hub for future banking solutions.
- Container Corp – Signs MoU to form JV BCSL for container vessel operations.
- Solar Industries – 9MFY26 defence revenue at ₹1,626 crore versus full-year guidance of ₹3,000 crore.
- Varun Beverages – Management maintains margin guidance of 22%; aims to sustain current 26% margin into CY26.
- MCX – January data shows strong operating leverage; ~₹300 crore transaction fees earned driven by high F&O volumes.
- Bajaj Electricals – Enters into wire business segment.
- NMDC – Company to enter critical minerals production.
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