🗞️ Daily Business Brief – FEB 22 2025
- Foxconn & HCL chip plant laid foundation in Jewar; facility expected to be fully operational by 2028, says HCLTech Chairperson Roshni Nadar.
- India–US trade talks visit of India’s negotiating team postponed from Feb 23; meeting to be rescheduled after both sides assess latest developments.
- Haryana govt action de-empaneled IDFC First Bank and AU Small Finance Bank with immediate effect.
- IDFC First Bank reports ₹590 crore fraud at Chandigarh branch; four officials suspended, forensic audit and police probe underway.
- India–Brazil ties Piyush Goyal calls for stronger economic cooperation; trade at $15 billion seen below potential.
- US tariff hike Donald Trump raises global tariffs from 10% to 15% under Section 122 for 150 days; USMCA-linked exemptions remain.
- Tariff impact exporters adopt wait-and-watch approach; Tata Steel MD says supply chains can’t adjust quickly.
- Floating solar push MNRE asks states to identify water bodies; India’s potential estimated at 280–300 GW.
- NSE trading upgrade to introduce nanosecond-level trading from April 11, targeting 100 million trades per second.
- Odisha investments Adani among key beneficiaries in ₹44,200 crore state project clearances.
- Child digital policy Karnataka considering social media and mobile ban for kids under 16.
- Data centre opportunity India poised to capture major share of $800 billion APAC data centre boom: Deloitte.
- US tariff lawsuits hundreds of firms, including Costco, file cases seeking refunds on tariff payments.
- SEBI vigilance action GM Achal Singh suspended; disciplinary proceedings initiated.
- Cipla USFDA inspection at Pharmathen facility classified as Official Action Indicated.
- NCC Delhi High Court stays NHAI debarment order until March 10, 2026.
- Vikram Solar signs agreement with Jupiter International to procure 2GW ALMM-compliant solar cells.
- Take Solutions partners Anthropic to accelerate AI-led healthcare initiatives.
- Intellect Design Arena launches Purple Fabric-powered Teamspace with 150+ AI agents.
- RailTel with Ashoka Buildcon receives Maharashtra LoI; contract impact ~₹1,136 crore over five years.
- NHPC approves ₹27.09 billion investment for Uri-I Stage-II and ₹29.94 billion for Dulhasti Stage-II projects.
- eMudhra opens Almaty office to support Central Asia digital transformation.
- Dishman Carbogen Amcis receives GMP compliance certificate for Veenendaal site from IGJ.
- Brazil–India trade Lula says deal need not be in US dollars; aims to raise trade to $30–40 billion.
- Brazil geopolitics Lula seeks talks with Trump on drug trafficking and rare earths; denies BRICS currency discussions.
- HCLTech HCLSoftware completes acquisition of AI startup Wobby.
- NSE gold derivatives introduces 10-gram gold futures contracts from March 16.
- Pine Labs subsidiary acquires 100% stake in Agya Technologies (NBFC-AA) for ₹13.9 crore with RBI approval.
- Narayana Hrudayalaya buys 3.3 acres in Bengaluru for software and business expansion.
- Paras Defence incorporates aerospace subsidiary Paras Avionics; holds 60% stake.
- NTPC Green Energy adds 158.4 MW solar capacity in Andhra Pradesh; total installed capacity reaches 9,151.08 MW.
- Bharti Airtel with Zscaler launches AI & cyber threat research centre.
- Elgi Equipments incorporates subsidiary in Saudi Arabia via Elgi Compressors USA.
- ABB management flags potential correction; EBITDA margins lower, aided by forex gains.
- E2E Networks signs MoU with L&T-Vyoma to scale GPU cloud infrastructure.
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