🗞️ Daily Business Brief – FEB 12 2025
- Yotta Data Services plans $1 billion fundraise to scale AI infrastructure; invested $1.5B so far, committing another $2B for chips and targeting IPO within current financial year.
- RBI Governor meets MSME representatives, stresses need for improved credit access and greater formalisation.
- FII & DII Flow FIIs net sold ₹972.13 Cr while DIIs net bought ₹1,666.98 Cr in equities (provisional).
- Defence Push Rajnath Singh urges scientists to speed up next-generation aero engine development amid time constraints.
- Cochin Shipyard wins ₹5,000 crore Indian Navy contract to build five Next Generation Survey Vessels.
- India–US Trade Talks Govt sources say agri exports at $2.8B vs imports $1.5B; GM foods not allowed; select US agri imports subject to TRQs.
- Embassy Developments gets MahaRERA nod for ₹400 crore GDV Alibaug project; stock ends 1.54% lower.
- India Trade Deficit hits record high as gold imports surge; exports up 2.22% to $366.63B, imports up 7.21% to $649.86B.
- Commerce Ministry aims tariff reduction from 25% to 18% in upcoming US talks; cotton import clarity expected in legal pact; $250M US cotton still imported.
- Power Capacity India adds 52,537 MW in FY26 so far, 39,657 MW from renewables; total capacity reaches 520.5 GW.
- Anthropic opens Bengaluru office and announces new partnerships across India.
- HEG Ltd utilisation at 90%; margins stable till Q1FY27; strong EAF demand outlook; HEG Graphite & Greentech listing likely by June 2026.
- Titagarh Rail expects clarity on Italian unit Firema by April; preparing Vande Bharat deliveries.
- AMD & TCS partner to build 200 MW ‘Helios’ AI platform; AMD to supply compute, TCS to manage integration; stock trades flat.
- Anupam Rasayan guides 25–30% revenue growth, ~25% margins; fluorination share to rise to 33%; working capital days to fall to 220.
- Aurobindo Pharma Penicillin-G capacity at 15,000 tonnes; operating 9,600 tn; PLI benefit ~₹240 Cr; focus on improving ROE & ROCE.
- VA Tech Wabag forms 51:49 JV ‘Ghaziabad Bioenergy Pvt Ltd’ with Peak Sustainability for CBG/Bio-CNG project.
- United Spirits 9–10 bidders shortlisted for Royal Challengers Bengaluru due diligence.
- Adani Enterprises incorporates wholly owned step-down subsidiary via AdaniConnex.
- REC incorporates Vizag Power Transmission Ltd for green hydrogen/ammonia transmission project (Phase-I).
- TVS Supply Chain enters India’s $28B aerospace & defence supply chain market; signs collaboration MoU.
- Reliance Industries Anthropic exploring potential partnership opportunities.
- Sammaan Capital to be housed under IHC’s new global financial services platform ‘Judan Financial’ valued around AED 100B.
- IIFL Finance MD says RBI norms won’t impact company as it doesn’t undertake proprietary trading.
- NBCC India EBITDA margin guidance revised to 5–6% vs earlier 6–6.5%.
- HAL expects seaplane approval in two years; targets markets like Malaysia, Mauritius, Seychelles.
- Religare Enterprises approves demerger of financial services into Religare Finvest; insurance business retained.
- Lodha Developers acquires 80% stake in Solidrise Realty (Pune) for ₹294 Cr to expand presence.
- HFCL secures export order worth $4.67M (~₹42.34 Cr) for optical fibre cable supply.
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