🗞️ Daily Business Brief – JAN 27 2025
- Marico to acquire 60% stake in functional wellness brand Cosmix at ₹375 crore valuation.
- FIIs & DIIs Flow – FIIs Net Buy ₹29.79 Cr while DIIs Net Buy ₹249.54 Cr in equities today (Provisional).
- Mukesh Ambani (Reliance Industries) speaks at Jio-BlackRock event: Targets Viksit Bharat by 2047, sees India becoming $20–30 trillion economy in next 30 years, highlights long-term opportunities in energy & physical infrastructure, says India will outgrow global peers and young India will benefit directly.
- Larry Fink (BlackRock) at Jio-BlackRock event: Encourages global investors to participate in India growth story, highlights impact of smartphones & 5G rollout, calls India leader in digitisation.
- Data Centre Tax Holiday – Finance Ministry sources say Budget 2026 exempts notified foreign cloud companies using Indian data centres; ensures same tax treatment for Indian-owned and subsidiary DCs, boosting sector confidence.
- BHEL shares gain after bagging order worth up to ₹1,500 crore from Hindalco.
- Lupin launches Topiramate Extended-Release Capsules in the US; product has estimated annual sales of USD 164 million.
- Himadri Speciality Chemical board approves acquisition of 100% stake in Himadri Power Limited for ₹2.5 lakh; to become wholly owned subsidiary engaged in mineral mining and processing.
- NHPC and GEDCOL propose cancellation of MoU and promoters’ agreement for JV on floating solar projects in Odisha.
- Berger Paints India starts commercial production at Hindupur facility; plant expected to reduce overall production costs.
- IndiGo faces CCI probe after mass flight cancellations in December.
- US ADP Employment Data – January nonfarm employment change at 22K vs 41K previous; estimate was 45K.
- eMudhra – 3i Infotech alleges financial fraud against company; eMudhra denies allegations and plans legal recourse.
- Russia on Indian Oil Imports – Russian Foreign Ministry says Indian purchases of Russian oil benefit both nations and help maintain global energy market stability.
- Tata Steel – India court reserves judgement on two writ petitions related to Sukinda Chromite Block; interim protection extended till verdict.
- NVIDIA CEO Jensen Huang dismisses fears of AI replacing software tools, calling such concerns illogical amid global tech stock selloff.
- Zydus Lifesciences receives tentative USFDA approval for Dapagliflozin Tablets (5 mg & 10 mg) for Type-2 Diabetes; US annual sales market size at USD 10.49 billion.
- Pidilite MD expects double-digit growth to sustain; tariff cuts likely to support export business.
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