🗞️ Daily Business Brief – MAR 26 2025
- India among five nations allowed Strait of Hormuz passage – Tehran permits transit for select countries; ships linked to Iran’s adversaries barred from the strategic waterway.
- Sandhar Technologies – Board approves setting up a manufacturing unit in Mexico for automotive business expansion (Mar 26, 2026).
- US–Iran tensions escalate – Donald Trump issues fresh warning as nuclear negotiations show limited progress.
- Reliance Industries – Denies reports of purchasing crude oil of Iranian origin, calling claims misleading and baseless.
- Brigade Group – Launches Brigade Lumina net-zero housing project in northwest Bengaluru; revenue potential estimated at ₹700 crore.
- Ola Electric – EndICEAge campaign – Launches EVs starting at ₹49,999 with service support, buyback guarantees and benefits up to ₹50,000.
- Polyplex Corporation – Acquires 51% stake in TechNova Printrite Products for ~₹62 crore; enterprise valuation ₹127.21 crore.
- Azad Engineering – Signs 8-year agreement with Mitsubishi Heavy Industries, Japan, for gas turbine hot-section nozzle vanes.
- India crude supply status – Petroleum Ministry confirms 60 days of crude secured; LPG cargoes inbound from US, Russia, Australia and others.
- Puravankara – Input cost pressures manageable; margins expected to remain intact despite West Asia tensions.
- Nayara Energy – Raises petrol prices by ₹5 and diesel by ₹3; PSU OMCs maintain stable pricing.
- Infosys – Acquires US-based StratusGlobal LLC for up to $95 million (~2.22x EV/Sales FY25); also announces acquisition of Optimum Healthcare for $465 million.
- Ixigo (Le Travenues Tech) – AbhiBus & Fleetx partnership – Introduce AI-powered fleet intelligence and safety solutions for bus operators.
- Happiest Minds – Partners with UnifyApps to strengthen enterprise AI and application-building capabilities.
- Allianz Jio Reinsurance – JV of Jio Financial and Allianz commences operations after IRDAI approval received on March 12, 2026.
- Saudi Finance Minister warning – Signals risk of oil disruption worse than COVID if Iran conflict remains unresolved.
- Brent crude surge – Prices jump over 5% to $107.55 per barrel amid escalating Iran war concerns.
- PM Narendra Modi – To hold video conference with Chief Ministers on West Asia conflict preparedness under ‘Team India’ coordination framework.
- Ola Electric product update – Gen 3 S1 X (2kWh) and Roadster X (2.5kWh) priced at ₹49,999.
- EU Parliament trade decision – Votes to remove tariffs on US industrial goods; clears key hurdle for US–EU trade agreement.
- India LPG imports – Ongoing supplies from US, Russia and Australia ensure energy availability.
- Bharat Dynamics – Completes first-off production model of Advanced Akash weapon system; deliveries to armed forces to begin shortly.
- Strategic oil reserves discussion – France proposes release of reserves to be reviewed at upcoming G7 ministerial meeting.
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