🗞️ Daily Business Brief – MAR 17 2025
- Nazara Technologies to acquire 50% stake in Bluetile & BestPlay for ₹918 crore; earn-outs up to ₹898 crore.
- Manappuram Finance gets RBI nod for Bain Capital entry; ₹4,385 crore deal in final leg with completion likely by March-end.
- GR Infraprojects wins ₹2,441 crore NH-33 project in Bihar under PPP mode; execution timeline of 910 days.
- Iran Geopolitical Tension warns of possible strikes on oil facilities in Saudi Arabia, UAE & Qatar; raises risk of supply disruption.
- CCEA Approval clears ₹1,718.56 crore funding for Cotton Corporation of India to support cotton procurement.
- FIIs & DIIs Activity FIIs net sold ₹2,714.35 crore while DIIs net bought ₹3,253.03 crore in equities (provisional).
- United Breweries receives environmental clearance for greenfield brewery in Unnao, Uttar Pradesh.
- Cabinet Approval approves ₹33,660 crore outlay for Bharat Audyogik Vikas Yojana.
- Ahluwalia Contracts secures ₹393 crore order from Airports Authority of India (AAI).
- IOL Chemicals promoter buys additional 6.54 lakh shares from open market.
- Zydus Life & Torrent Pharma sign agreement to co-market Semaglutide in India.
- Shipping Corporation of India (SCI) may see fresh divestment as bidders turn ineligible; govt also exploring merger with CONCOR.
- BEML receives LoI worth $60 million for first overseas metro rolling stock order in Africa.
- SCI & Mazagon Dock sign contract for green methanol dual-fuel 3000 DWT platform supply vessel (PSV).
- MCX vs NSE MCX shares fall over 3% after NSE announces gold futures with 10% margin and home delivery feature.
- NSE Product Launch launches 10 gm gold futures; plans for electronic gold receipts, Brent crude & natural gas contracts.
- DEE Development Engineers maintains strong order book; minor impact expected from Strait of Hormuz delays and gas supply curbs.
- Solar Manufacturing Policy India mandates use of domestically produced solar ingots & wafers from June 2028.
- DCX Systems receives ₹12.81 crore purchase order for cable and wire harness assemblies.
- Domestic Manufacturing Push Cabinet approves ₹33,660 crore scheme to boost local manufacturing.
- City Gas Expansion India adds 1.2 lakh new piped gas connections in last two weeks.
- De Nora Global focuses on expansion into semiconductor and pharma sectors as key growth areas.
- BASF Pricing Action plans price hikes up to 30% amid rising energy and raw material costs.
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