🗞️ Daily Business Brief – FEB 18 2025
- FIIs & DIIs – FIIs net buyers ₹1,154.34 Cr; DIIs net buyers ₹440.34 Cr in equities (provisional).
- Aurobindo Pharma Unit-7 – US FDA inspected facility (Jan 28–Feb 10, 2026); observations include irregular equipment cleaning, falsified sample data by microbiologist, and lack of continuous GMP training.
- Dr Reddy’s Laboratories – Signs $32M agreement with UK-based Mercury Pharma Group to acquire Progynova & Cyclo-Progynova trademarks and related India assets.
- EU Legal Gateway – EU opens first India office to boost ICT talent mobility; initiative led by Henna Virkkunen and S. Jaishankar.
- Hindustan Unilever (HUL) – Board approves ₹2,000 Cr investment over 2 years to expand manufacturing in premium beauty, wellbeing and home care segments.
- Zydus Lifesciences – Receives USFDA approval for Bosentan tablets (32 mg) for children’s lung treatment; U.S. annual market ~$9.3M.
- Larsen & Toubro – Partners with Nvidia to build India’s largest AI factory under India AI Mission.
- Jindal Saw – API licence for seamless pipes suspended after audit flags compliance gaps; cannot use API quality monogram.
- NCC – Company and OB Infra debarred from NHAI tenders for 2 years effective Feb 17, 2026.
- L&T Technology Services – Targets 500 AI patents in 12–18 months; sees trillion-dollar opportunity in global AI stack.
- E2E Networks – Clarifies no new commercial agreements or negotiations with Nvidia; current announcement relates to existing partnership.
- TCS CEO on AI – Says AI disruption will expand jobs, not cut them; India may need 10GW AI data centre capacity by 2030.
- Safari Industries – Enters 20-year licensing pact with CRL to use CARLTON brand; fee ₹45 lakh or 5% of net sales annually.
- Cochin Shipyard – Signs contract with CMA CGM to build six LNG-fuelled feeder vessels; part of earlier ₹2,000 Cr mega order.
- Mega Power Projects – Govt likely to offer duty relief to support projects; Adani Power among potential beneficiaries.
- Lumax Auto Tech – NCLT approves amalgamation of Lumax Ancillary Ltd with the company; final order dated Feb 18, 2026.
- NSE Clearing – Additional margins on gold (3%) and silver (7%) futures to be withdrawn from Feb 19.
- India–Canada Trade – Countries set to finalise terms to restart Free Trade Agreement talks next month.
- India–EU Relations – Finland PM highlights importance of EU-India trade deal and global free trade momentum.
- PM Modi Diplomatic Meet – Meets Croatia PM Plenković; discussions on tech, shipbuilding and blue economy cooperation.
- Prestige Estates – Acquires 100% stake in Aspire Spaces Tellapur, making it a wholly owned step-down subsidiary.
- Intellect Design Arena – Launches eMACH.ai AI-first banking platform at India AI Impact Summit 2026.
- DLF – NCLT approves amalgamation of eight subsidiaries into Highvista Buildcon; to become wholly owned subsidiary post ROC filing.
- Bharat Forge – Signs MoU with VVDN Technologies for collaboration in automotive, defence and data centre domains.
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