🗞️ Daily Business Brief – APR 07 2025
- HCLTech plans to cut 120 jobs at its Orlando site due to client project rampdown; affected staff may be redeployed based on skill alignment.
- Infosys partners with Harness to integrate AI-led software delivery platforms for faster and safer enterprise modernisation.
- Aurobindo Pharma receives USFDA approval for Dapagliflozin & Metformin Hydrochloride extended-release tablets used for Type-2 diabetes treatment.
- Fund Flow FIIs net sold ₹8,692 crore while DIIs net bought ₹7,979.50 crore in equities (provisional).
- IRGC Warning threatens to target US-linked infrastructure and disrupt regional oil and gas supplies amid rising geopolitical tensions.
- US–Iran Tensions US expects Iran’s response by 8 PM; Strait of Hormuz disruption risks remain elevated, says US Vice President JD Vance.
- Global Oil Markets Oil prices surge after US strikes on Iran’s Kharg Island; WTI crosses $115 and Brent moves above $110.
- Zepto IPO SEBI approval not yet received; company assessing investor interest and market conditions before launch.
- Dredging Corporation signs MoU with Colombo Dockyard to strengthen India–Sri Lanka maritime collaboration.
- GAIL signs long-term charter party agreement with AlphaGas for LNG carrier.
- Muthoot Finance board to consider interim dividend on April 10.
- SRF receives ₹327.44 crore tax demand order due to a technical issue.
- Arvind SmartSpaces signs ₹2,400 crore high-rise residential project in Mumbai.
- Finance Ministry monitoring West Asia conflict impact; government coordinating with RBI on rupee stability.
- Biocon launches Denosumab biosimilars Bosaya and Aukelso in the US market for osteoporosis and cancer-related bone health treatment.
- CleanMax Enviro commissions 185 MW wind-solar hybrid project in Kalavad, Gujarat; expected to add ₹165 crore revenue in FY27.
- Escorts Kubota to increase prices of Kubota brand tractors effective April 15.
- GE Shipping contracts sale of its 2003-built medium-range tanker “Jag Pankhi”.
- Nifty IT Sector all components now trading above their 20-day moving average.
- Telangana Liquor Policy state government preparing to revise beer and whisky prices from May.
- Aditya Birla Capital CCI approves ₹2,750 crore investment by Advent’s Indriya in Aditya Birla Housing Finance.
- KRN Heat Exchanger wins order worth ₹55 crore.
- Swan Defence and Heavy Industries secures major order for 4 dual-fuel ammonia bulk carriers worth ₹15.01–30 billion.
- Prince Pipes and Fittings completes acquisition of Bhuj manufacturing facility from Klaus Waren Fixtures, strengthening bathware segment under Aquel brand.
- Samvardhana Motherson SMR Hyosang Automotive enters mediation agreement with subcontractor; to pay KRW 360 million under settlement.
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