🗞️ Daily Business Brief – MAR 23 2025
- FIIs & DIIs Activity – FIIs net sold ₹10,414.23 Cr while DIIs net bought ₹12,033.97 Cr in equities today (provisional).
- Indian LPG Carriers Transit – LPG vessels JagVasant and PineGas carrying 92,612.59 MT LPG transited Strait of Hormuz; expected to reach India between March 26–28, 2026.
- Anil Ambani Proposal to FM – Submitted confidential repayment proposal citing ₹5,100 Cr Sandesara settlement and SC closure of criminal proceedings (Nov 2025 precedent).
- Coal Availability Advisory – Govt asks states to prevent profiteering by small coal retailers amid West Asia crisis.
- LPG Supply Concern – Industry shifting toward ammonia alternative due to delays in commercial LPG availability impacting labourers.
- Indigo Leadership Update – Appoints former Air India Express CEO Aloke Singh as Chief Strategy Officer.
- US–Iran Talks Update – Donald Trump confirms productive discussions with Iran and postpones military strikes on Iranian power plants for 5 days.
- Middle East Diplomacy Channel – Turkey, Egypt and Pakistan acting as intermediaries between US and Iran over last two days.
- Trump–Israel Coordination – US confirms discussions with Israel regarding ongoing Iran negotiations.
- Gold Price Correction – Decline attributed to profit booking, liquidity needs, rising bond yields, inflation expectations and stronger US dollar.
- GST Structure Review – Industry associations approach Finance Ministry seeking correction of inverted duty structure.
- Vedanta Dividend – Approves interim dividend of ₹11/share totaling ₹4,300 Cr payout.
- Kaynes Technology Guidance – FY26 revenue guidance retained at ₹4,100 Cr; working capital days expected below 100; FY27 outlook: EMS ₹5,500 Cr, OSAT ₹1,000 Cr, PCB ₹500 Cr.
- Bosch–Tata AutoComp JV – Strategic partnership announced to accelerate growth in e-mobility segment.
- IRFC Strategic Financing – Delivers ₹12,842 Cr refinancing support for HURL under government financing vision.
- CESC Renewable Expansion – Subsidiary Purvah Green Power incorporates wholly-owned arm Purvah Poweredge with ₹1 lakh initial capital.
- RoDTEP Export Support – Government restores RoDTEP rates and value caps to Feb 22, 2026 levels amid West Asia trade disruptions.
- H.G. Infra Investment – Injects ₹48.52 Cr into renewable energy subsidiary via rights issue.
- Birla Corporation Expansion – RCCPL commissions 1.4 MTPA cement capacity at Kundanganj, Uttar Pradesh.
- Astral Patent Approval – Subsidiary Al-Aziz Plastics receives patent for “Multiport Water Outlet” from Government of India.
- DCX Systems Order Win – Bags ₹14 Cr domestic and international cable and wire harness assembly orders.
- G R Infraprojects Order – Secures ₹2,440.87 Cr NHAI LoA for 82.4 km Greenfield NH-33 project in Bihar.
- NBCC Infrastructure Order – Wins ₹58.61 Cr project from Maharaja Sriram Chandra Bhanja Deo University, Odisha.
- Coal Price Stability Measures – Mines Minister confirms steps taken to ensure coal prices remain stable.
- Wipro Korea Expansion – Launches innovation lab in Seoul to strengthen strategic presence.
- Piramal Finance Rating Update – Moody’s revises outlook to positive.
- Fertilizer Availability Assurance – PM Modi confirms adequate fertilizer arrangements for summer crop season.
- Anil Ambani Affidavit to Supreme Court – Proposes structured financial resolution framework addressing lenders, shareholders and multiple judicial proceedings.
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