🗞️ Daily Business Brief – MAY 28 2025
- PB Fintech block deal launched; sources indicate Yashish Dahiya and Alok Bansal may sell 0.8% stake with floor price at ₹1,720, a 3.6% discount to CMP.
- US Jobless Claims rise to 215,000 while layoffs remain low despite uncertainty linked to the Iran war.
- India–South Korea CEPA both countries agree to address India’s widening trade deficit during CEPA upgrade negotiations in New Delhi.
- Tata Motors launches next-generation Tiago and Tiago.ev with upgraded features and aggressive pricing to revive hatchback demand and strengthen affordable EV presence.
- Zydus Lifesciences increases buyback price from ₹1,150 to ₹1,260 per share while reducing the number of shares under the ongoing buyback programme.
- Oil India subsidiary OIL Green Energy signs JV agreement with Hindustan Waste Treatment for bioenergy and sustainable waste management projects across India.
- Reliance Industries announces 49th AGM on June 19, 2026; June 5 fixed as dividend record date for FY26.
- Ashok Leyland reports record quarterly and annual revenue, profit and CV volumes for FY26 driven by strong domestic demand, exports and EV traction.
- PG Electroplast Q4 profit falls 55% due to weak AC demand, LPG shortages and West Asia-linked disruptions impacting revenue by nearly ₹420 crore.
- Swiggy proposed amendments to articles of association fail after receiving 72.36% shareholder approval, below required 75% threshold.
- Godfrey Phillips India signs contract manufacturing agreement with Polisetty Somasundaram Tobacco Products for cigarette manufacturing.
- HG Infra Engineering emerges as successful bidder for interstate power transmission project in Jharkhand awarded by RECPDCL.
- Tata Elxsi launches AnaTel, an AI-native software development platform for healthcare and medical technology companies.
- Hikal reports weak Q4FY26 performance with decline in revenue, profit and margins amid regulatory headwinds and one-time adjustments.
- Bharti Airtel & Vodafone Idea Airtel’s “Priority Postpaid” service sparks debate as Vodafone Idea opposes preferential internet speeds and services.
- Development Bank of Japan partners with HDFC Capital to invest in affordable and mid-income housing projects across India.
- HBL Engineering secures ₹1,710 crore Kavach loco equipment order.
- VinFast-backed electric cab service plans India entry with Delhi launch first; drivers may earn up to ₹50,000 per month.
- Tata Motors EV bookings surge 2.5x amid rising fuel prices.
- India FDI records highest-ever gross inflow of $94.5 billion in FY26, according to Commerce Minister Piyush Goyal.
- India Power Transmission infrastructure set for ₹9 trillion upgrade driven by accelerating renewable energy investments.
- PG Electroplast expects strong product business growth in FY27 with focus on R&D, backward integration and new product development.
- Aditya Infotech guides FY27 revenue at ₹6,000–6,500 crore with EBITDA margin expected at 14%–15%.
- HCLTech launches autonomous finance platform powered by Google Cloud Gemini Enterprise.
- RITES and CRISIL sign MoU to offer data-driven solutions.
- Linde India commences commercial production at 1,450 TPD air separation unit at Jindal Stainless’ Kalinganagar facility.
- Oil Green Energy and Hindustan Waste Treatment sign JV agreement for bioenergy and sustainable waste management projects.
- Jyoti Structures receives NCLAT relief regarding release of non-fund-based limits; banks directed to respond within one month.
- Cummins India says export environment faces near-term pressures but remains optimistic on medium- to long-term growth and supply-chain resilience.
- JSW Steel commences development of 13.2 MTPA integrated steel plant at Paradip, Odisha.
- Cummins India reports FY26 revenue growth of 18%, exceeding double-digit guidance.
- Hyundai Motor India announces price increase of up to ₹12,800 effective June 1, 2026, varying by model and variant.
- 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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