🗞️ Daily Business Brief – MAY 31 2025
- UP Government & BSNL shifts 4,200 employees from Vodafone Idea to BSNL connections; employees express concerns over changing mobile numbers.
- Petroleum Export Duty export duty on petrol, diesel and ATF reduced further from June 1. Petrol duty cut to ₹1.5/litre, diesel to ₹13.5/litre and ATF to ₹9.5/litre.
- Cotton Sector India waives cotton import duty till October 30 to improve supply availability for the textile industry.
- TCS technical glitch affecting CUET-UG 2026 identified and resolved; NTA granted compensatory time to impacted candidates.
- Cyient signs agreement to acquire AI-native engineering firm TAO Digital for an enterprise value of $218 million, strengthening AI, cloud and digital transformation capabilities.
- Electricity Tariffs power bills may increase by nearly 10% in June due to fuel surcharge adjustments linked to higher fuel costs.
- Finance Ministry Economic Review highlights cautious resilience in the economy while warning of inflation risks from West Asia energy prices and monsoon uncertainties.
- NSE extends equity derivatives trading hours by 10 minutes, with market closing at 3:40 PM effective August 3, 2026.
- Wockhardt receives US FDA approval for Zaynich (Cefepime + Zidebactam), marking the first FDA-approved new chemical entity fully developed by an Indian pharma company.
- UK-India Relations UK Foreign Secretary Yvette Cooper to visit India and China for discussions on global challenges.
- Easy Trip Planners enters EV bus manufacturing through subsidiaries Easy Green Mobility and YoloBus; targets operating over 2,000 electric buses by FY28.
- LIC exploring entry into the fintech sector while evaluating strategic investment opportunities.
- Dabur India US FDA flags compliance concerns at Dadra & Nagar Haveli manufacturing facility over alleged documentation irregularities.
- AMCA Fighter Program Indian Air Force backs greater private sector participation with Tata and L&T gaining importance in India’s fifth-generation fighter project.
- US-Iran Nuclear Talks Donald Trump seeks tougher conditions on uranium stockpile management, delaying final agreement discussions.
- Vedanta Odisha government to review Vedanta’s ₹1 lakh crore investment pipeline every fortnight to ensure timely execution.
- DEE Development Engineers secures ₹386.83 crore BPCL order for manufacturing and supply of piping systems with execution till February 2028.
- TVS Motor launches new Ronin Monotone and Agonda variants in Nepal, expanding premium motorcycle portfolio.
- Concord Control Systems wins ₹279.90 crore Kavach 4.0 railway safety order through associate company Progota India.
- Hardwyn India targets revenue exceeding ₹1,000 crore by FY32, implying 30–35% CAGR growth.
- Iran Nuclear Talks Tehran maintains original stance with no major concessions expected on enriched uranium stockpiles.
- Mamata Machinery expects FY27 growth revival driven by US market recovery and packaging business expansion.
- Glenmark Pharmaceuticals plans respiratory portfolio expansion; Winlevi EU launch and Aumolertinib commercialization expected in FY27.
- Tilaknagar Industries targets 16–18% EBITDA margin by FY29 while expanding luxury grape brandy presence in domestic and export markets.
- Tilaknagar Industries reports ~75% transition of Imperial Blue business completed with record May 2026 sales under direct ownership.
- Core Industries cement, steel and power sectors continue supporting industrial growth while hydrocarbons remain a drag on overall performance.
- Sugar Market sugar prices record strongest monthly gain amid concerns over weak monsoon and lower sugarcane output prospects.
- Senco Gold reports 6% decline in gold sales as customers increasingly shift towards silver and diamond jewellery.
- Mahanagar Gas (MGL) raises CNG prices by ₹2/kg and PNG tariffs by 50 paise across Mumbai region.
- Jal Shakti Ministry & ISRO expected to sign MoU for satellite-based water resource assessment and water research collaboration.
- NCC Limited secures fresh orders worth ₹1,837 crore in May 2026, led by strong execution in the water division.
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