🗞️ Daily Business Brief – APR 09 2025
- Poonawalla Fincorp board approves QIP of equity shares with floor price set at ₹390.26 per share.
- Assembly Elections 2026 voter turnout remains strong as of 3 PM: Assam 75.91%, Kerala 62.71%, Puducherry 72.40%; over 5.3 crore voters across 296 constituencies voting in a single phase.
- SpiceJet faces setback as UK court directs airline to pay ₹70 crore dues to engine lessor under summary judgment.
- IRB Infrastructure Developers March toll revenue rises 21% YoY to ₹783 crore; company remains optimistic on FY27 growth outlook.
- FII/DII Activity FIIs net sold ₹1,711.19 crore while DIIs net bought ₹955.90 crore in equities (provisional).
- Royal Enfield launches Flying Flea C6 electric motorcycle; bookings open April 10 with ₹1.99 lakh Battery-as-a-Service option and 115 km/h top speed.
- PN Gadgil Jewellers sees strong jewellery demand despite elevated gold prices; store expansion and festive season expected to support FY27 growth.
- Wipro to consider first share buyback in nearly three years along with Q4 results on April 16.
- HDFC Life board to consider fund raising via preferential issue on April 16.
- Bharat Forge shares decline after board approves €30 million financing for restructuring.
- BEML signs collaboration with Delhi Metro Rail Corporation to jointly bid for rail and metro projects in India and abroad.
- Bajaj Housing Finance shareholder lock-in period of one-and-a-half years ends on April 13, potentially impacting stock liquidity.
- CONCOR FY26 throughput at 5.58 MTEU, exceeding guidance estimate of 5.54 MTEU.
- Datamatics launches TruAI Underwriting platform to transform insurance underwriting using agentic AI.
- Mumbai Pod Taxi Project ₹1,016 crore driverless transit system to connect Bandra and Kurla via BKC by 2027.
- BHEL signs technology collaboration agreement with Korea-based E2S Company for excitation systems.
- Israel–Lebanon Talks Israel signals direct negotiations with Lebanon aimed at disarming Hezbollah and advancing peace efforts.
- TCS sees continued positive operating margin momentum at four-year highs; limited geopolitical impact outside Middle East and transport sector.
- TCS notes cautious investment decisions in BFSI segment while pharmaceutical companies increasingly adopt AI to manage growth pressures.
- JSW Steel FY26 crude steel production rises 8% YoY to 30.14 MT; Salem unit capacity expanded to 1.15 MTPA.
- NHPC board to consider monetization of future cash flows from power stations on April 14.
- Sandur Manganese & Iron Ores executes forest lease agreement with Karnataka government for land linking Kammathuru iron ore mine to PMBR siding.
- BSE receives SEBI approval to launch derivative contracts on BSE Focused IT Index tracking 14 IT companies.
- Godfrey Phillips India plaintiffs withdraw Delhi High Court suit against company unconditionally.
- Morgan Stanley projects Sensex may reach 95,000 within nine months amid ongoing bull market momentum.
- Dilip Buildcon declared L1 bidder for ₹268 crore EPC barrage project across Sabarmati River; completion timeline 24 months.
- Tata Steel flags geopolitical uncertainty and prolonged West Asia conflict as potential risks to global capex spending.
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