🗞️ Daily Business Brief – MAR 10 2025
- FIIs & DIIs Activity FIIs were net sellers of ₹4,672.64 Cr while DIIs were net buyers of ₹6,333.26 Cr in equities today (provisional).
- Hindustan Zinc signs MoU with CMR Green Technologies to manufacture alloys in Rajasthan.
- LPG Supply Crisis LPG shortage forces nearly 20% of restaurants to shut temporarily; industry urges government to prioritise commercial supply amid rationing concerns.
- IndiGo CEO Pieter Elbers resigns with immediate effect; MD Rahul Bhatia to manage airline operations on an interim basis.
- Crude Oil Outlook Crude may find a floor near $80 if geopolitical tensions ease, according to Saxo Bank’s Ole Hansen.
- West Asia Conflict War tensions widen in West Asia; Pentagon scheduled to brief media while US President Donald Trump says Iran conflict could end soon.
- Jal Jeevan Mission Union Cabinet extends the rural water scheme till December 2028 with a revised outlay of ₹8.7 lakh crore.
- Madurai Airport Cabinet approves declaration of Madurai Airport as an international airport.
- LPG Supply Update Government says LPG production has risen 10% since the war began and additional imports are being arranged; domestic users remain priority.
- Power Transmission Projects Bajel Projects, NIIF and AnantGrid sign pact to jointly pursue power transmission projects supporting India’s 500 GW renewable energy target by 2030.
- Polycab & KEI Industries shares fall up to 7% amid concerns over weak demand and copper supply constraints.
- Energy Security Meeting Petroleum Minister Hardeep Singh Puri meets PM Narendra Modi along with External Affairs Minister S. Jaishankar amid LPG supply concerns.
- Indian Oil Corporation says LPG supply will be prioritised for domestic users and essential sectors such as hospitals and educational institutions.
- Happiest Minds shares surge 17% after the company raises FY27 growth projections above the earlier 10% guidance.
- Blue Star launches a new range of room air conditioners for the 2026 season.
- Natural Gas Control Order Petroleum Ministry states India earlier sourced 30% natural gas via Hormuz route and is now diversifying supply sources to offset disruptions.
- Tamilnadu Petroproducts board approves revision of LAB plant cost to ₹365 Cr and HCD plant to ₹237 Cr, and clears ₹90 Cr investment in downstream units.
- Imagicaaworld Entertainment to launch its first Hello Park indoor amusement park in Hyderabad.
- Waaree Energies subsidiary signs share subscription agreement with United Solar Holdings for Series B preferred shares worth $30 million.
- Anthropic AI Trump administration preparing executive order directing federal agencies to remove Anthropic AI systems from operations.
- Israel Foreign Ministry says Israel is not seeking an endless war amid ongoing regional conflict.
- Central Bank renews co-lending partnership with Capri Global Capital.
- Panacea Biotec tribunal cancels ₹3.29 billion tax demand and deletes all expense disallowances.
- Polycab India receives major relief as income-tax demand is reduced to ₹575.8 million from ₹3.27 billion.
- Waaree Renewable Technologies signs EPC contract for a 300 MWAC / 420 MWP solar PV project.
- Aditya Birla Capital invests ₹749.99 crore in Aditya Birla Housing Finance.
- Namo E-Waste Management approves acquisition of battery segment from TecHeco Waste Management via slump sale.
- Dynamic Services & Security subsidiary Bharat Battery Manufacturing bags ₹1.10 Cr order from North Central Railway.
- Infosys partners with Incora to advance AI-enabled supply chain operations.
- Arvind SmartSpaces adds a new residential high-rise project in Bengaluru with ₹330 crore revenue potential.
- NTPC Green Energy commissions 270 MW Khavda-II solar capacity, taking total installed capacity to 9,562.68 MW.
- H.G. Infra Engineering wins ₹401 crore rail infrastructure contract for Anuppur Thermal Power Project in Madhya Pradesh.
- Bosch Home Comfort India warns gas supply disruptions due to Middle East conflict may impact production.
- Indian Oil Refineries government sources say all IOC refineries are operating at full capacity and fuel exports will continue.
- LPG Production government sources say domestic LPG production has increased 10% after steps to boost local output.
- Brigade Enterprises enters industrial real estate with a 25-acre Brigade Industrial Park in North Bengaluru.
- Dixon Technologies & PG Electroplast stocks remain in focus amid sector developments.
- FDI Policy Cabinet approves easing of FDI controls for inbound investments from countries sharing a land border with India.
- Railway Infrastructure Cabinet approves multitracking projects across West Bengal and Jharkhand to boost connectivity and freight efficiency.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
