🗞️ Daily Business Brief – MAR 24 2025
- FIIs / DIIs Activity FIIs net sold ₹8,009.56 Cr while DIIs net bought ₹5,867.15 Cr in equities today (provisional).
- Ceigall India bags ₹298 crore EPC orders from Purvah Green Power in Andhra Pradesh.
- Ministry of Petroleum & Natural Gas says domestic LPG production from refineries increased from pre-crisis levels; govt advises public not to believe rumours as petrol and diesel stocks remain adequate.
- India–US Discussion on West Asia Conflict PM Modi says President Trump called to discuss the Iran conflict; India supports de-escalation and emphasized keeping the Strait of Hormuz open and secure.
- Tata Steel acquires ₹1,680.27 crore equity stake in arm T Steel Holdings; also invests $180 million to retain wholly owned subsidiary status.
- Delhi EV Policy Push Delhi plans major EV expansion with more electric buses and incentives linked to scrapping old vehicles instead of subsidies.
- TVS Motor board approves interim dividend of ₹12 per share.
- HDFC Bank Group Head Branch Banking Sampath Kumar likely to appeal against his termination, as per sources.
- HOEC CFO N. Sivalai Senthilnathan resigns effective March 28, 2026; Allen Joseph Andrade appointed new CFO from April 1, 2026.
- Asian Paints raises prices by 7–8%; Nuvama expects further hikes if crude remains at $90–95 per barrel.
- Maruti Suzuki board approves Phase 1 capacity addition at Khoraj, Gujarat with 2.5 lakh vehicles/year capacity and ₹10,189 crore investment.
- Cello World promoters exploring sale of controlling stake; discussions initiated with Kedaara, Blackstone, Temasek, Advent and Amundi PE.
- ICICI Prudential Life receives AY25 tax order with ₹391 crore demand; company to appeal before CIT(A).
- Kotak Mahindra Bank KMIL to stop new loan sanctioning from April 1, 2026; existing facilities to continue and activities to shift within the bank.
- ACME Solar Holdings commissions second phase of 35.714 MW / 160.48 MWh BESS project in Rajasthan; COD set for March 26, 2026.
- QatarEnergy LNG Supply declares force majeure on some long-term LNG contracts affecting customers in Italy, Belgium, South Korea and China.
- Bharat Electronics signs strategic MoU with RRP Group to scale semiconductors, UAVs and electro-optics business.
- Aditya Birla Real Estate receives Madhya Pradesh Revenue Board order alleging short payment of ₹26M stamp duty on land and ₹22.5M on plant & machinery.
- BCPL Railway Infrastructure receives NSE listing approval; trading to commence March 27 under symbol BCPL.
- New India Assurance receives ₹189.37 crore income tax assessment order for AY23–24; company to appeal before NFAC.
- US Military Deployment US Marines to arrive in the Middle East with more airborne troop deployment expected in coming weeks.
- Iran–Turkey Gas Supply Iran halts gas exports to Turkey following Israeli strike on South Pars field.
- Natco Pharma board approves scheme of arrangement with Natco Crop Health Sciences; shareholders to receive shares in 1:1 ratio.
- Larsen & Toubro Siliconch Systems merges into L&T Semiconductor Technologies.
- NTPC Green Energy signs MoU with Nxtra Data to develop renewable energy projects.
- Strait of Hormuz Alert 20 Indian flag vessels currently awaiting passage through the Strait of Hormuz, says former Navy Chief Admiral Sinha.
- Reliance Industries buys 5 million barrels of Iranian oil after US sanctions waiver.
- India Oil Trade Data February crude imports fall 0.2% YoY to 19.4 million tons; gasoline exports decline 17.8% YoY to 1.4 million tons.
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