🗞️ Daily Business Brief – MAR 31 2025
- NTPC Green & PTC India sign MoU for collaboration in sale of renewable energy power.
- Kaynes Semicon Plant inaugurated by PM Narendra Modi in Sanand, Gujarat, marking a major milestone in India’s semiconductor journey.
- IndiGo appoints William Walsh as CEO effective Aug 3, 2026, subject to regulatory approvals; currently Director General of IATA and former CEO of British Airways.
- Texmaco Rail bags ₹357.11 crore order from JSW Group to supply wagons and rakes within 11 months, strengthening its freight order book.
- IHC to become promoter of Sammaan Capital after ₹8,850 crore investment.
- CARE Ratings reaffirms ‘AAA’ rating with stable outlook for Bajaj Auto Credit’s ₹10,000 crore bank facilities.
- Brigade Enterprises expects single-digit price growth and expands into industrial real estate at Bengaluru aerospace park.
- Granules India Shamirpet unit receives US FDA VAI classification; EIR issued following Dec 2025 inspection.
- Texmaco Rail receives ₹357 crore order from JSW Group for BLSS, BLCS, BFNV rakes and BVCM wagons.
- Lupin gets tentative US FDA approval for Sugammadex injection used to reverse neuromuscular paralysis during surgery.
- Coforge receives RBI approval for $1 billion+ Overseas Direct Investment related to Encora acquisition; other approvals largely secured.
- US Federal Reserve signals ability to look past energy shocks but remains cautious on inflation risks amid Iran conflict uncertainty.
- Iran Conflict Alert warns potential action against operations of major US companies in the Middle East including Microsoft, Google, Apple, Intel, Nvidia, Meta, Tesla and others.
- RBI Export Relief extends realization period for export proceeds to 15 months and export credit duration up to 450 days till June 30, 2026.
- Oberoi Realty enters redevelopment agreement for 1,740 sq. meter land parcel at Malabar Hill, Mumbai.
- Apollo Pipes postpones Mirzapur plant commercial production; operations expected by end of April 2026.
- Cupid set to surpass FY26 guidance of ₹3.35 billion revenue and ₹1 billion net profit.
- BHEL receives five-year relaxation for procurement of 21 items from land border countries.
- Adani Energy Solutions signs SPA with PFC Consulting to acquire South Kalamb Power Transmission.
- Interarch Building Solutions secures order worth about ₹800 million.
- BEL signs ₹19.50 billion contract for mountain radars for the Indian Air Force.
- RBI Capital Market Exposure Norms implementation delayed till July 1, 2026; brokers get temporary relief on bank guarantee margin requirements.
- Manappuram Finance approves FY27 borrowing programme including NCD issuance up to ₹74 billion.
- Bharti Airtel announces $1 billion investment in Nxtra with Alpha Wave Global, Carlyle and Anchorage Capital; Nxtra valued at $3.1 billion post-deal.
- H.G. Infra Engineering to dissolve eight non-operational solar SPVs within 3–4 months post ROC approval.
- Amber Enterprises approves disinvestment of 49% stake held by Sidwal in JV Shivaliks Mercantile.
- G R Infraprojects wins ₹1,453 crore NH-56 Gujarat highway project under hybrid annuity mode; completion timeline 910 days.
- BASF India approves sale of coatings business stake to Carlyle Group companies for ₹2.30 billion and closure of Mangalore metal complex dyes line.
- Kalpataru Projects flags 10–11% Middle East exposure risk in ₹63,300 crore order book; expects ₹200–300 crore Q4 revenue impact.
- NBCC (India) appointed PMC for $75 million Seychelles affordable housing and infrastructure project funded via EXIM Bank LOC.
- BHEL wins additional order worth ₹13,500 crore.
- Dixon Technologies receives approval for ₹1,100 crore project under Electronics Component Manufacturing Scheme.
- Premier Energies commissions 5.6 GW solar module facility in Telangana; total module capacity reaches 11.1 GW with 2,000 jobs expected.
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