🗞️ Daily Business Brief – june 01 2025
- FII/DII Flow: FIIs were net sellers of ₹3,911.68 crore while DIIs remained net buyers of ₹5,109.13 crore in equities (provisional).
- Anant Raj signs ₹25,000 crore MoU with Haryana Government to expand data centre and cloud infrastructure business.
- Alkem Laboratories sees block deal launch with up to 1.5% stake on offer at a floor price of ₹5,200 per share.
- Ola Electric launches QIP with floor price fixed at ₹37.74 per share and potential discount of up to 5%.
- Equitas Small Finance Bank receives RBI approval for Mirae Asset Mutual Fund to acquire up to 9.5% stake.
- Cotton Industry may import 35–40 lakh bales during the duty-free cotton window to ease raw material costs and improve export competitiveness.
- Wipro to increase stake in Aggne Global Inc to 80% through an additional investment of $28.5 million.
- India IIP industrial output grew 4.9% in April, while manufacturing expanded 6.2% under the revised FY23-base index series.
- Axis Bank invests ₹380.6 crore in Axis Max Life, increasing group holding to 19.99%.
- Zee Entertainment partners with FIFA to broadcast 39 major football events including FIFA World Cup 2026 and 2030.
- Dixon Technologies to benefit as ASUS plans higher local sourcing of electronic components in India.
- Dabur clarifies US FDA observations relate only to a small section of the Silvassa facility; plant operations continue normally.
- Ashok Leyland May sales declined 4% YoY to 14,923 units, below market expectations.
- Tata Motors PV May sales surged 42% YoY to 59,790 units, exceeding estimates.
- Eicher Motors (Royal Enfield) total sales rose 15% YoY to 1.03 lakh units; exports declined 33% YoY.
- Bharat Coking Coal May raw coal production fell 25.2% YoY to 2.28 MT while offtake declined 15.7%.
- Tata Motors CV May commercial vehicle sales increased 17% YoY to 32,850 units.
- Atul Auto May sales rose 29.3% YoY to 3,236 units.
- Adani Green Energy operationalises a 50 MW solar power project in Gujarat.
- PG Electroplast indicates FY27 growth is expected to outpace FY26 with strong RAC manufacturing momentum.
- Mahindra & Mahindra total auto sales reached 99,636 units; tractor sales stood at 49,695 units, both ahead of estimates.
- Force Motors May sales declined to 2,614 units from 3,088 units a year ago.
- Coal India May production fell 11.6% YoY to 56.1 MT while offtake increased 2.2% YoY.
- VST Tillers power tiller sales jumped to 4,019 units while tractor sales increased to 453 units.
- Maruti Suzuki May sales surged 35% YoY to 242,688 units, significantly above estimates.
- Hyundai Motor India May sales stood at 61,137 units, below market expectations.
- Bajaj Auto May sales rose to 4.61 lakh units versus 3.85 lakh units YoY.
- SML Isuzu (Mahindra) May sales increased 14.5% YoY to 1,767 units.
- NHPC Government launches OFS for up to 6% stake with floor price fixed at ₹71 per share.
- OPEC+ likely to raise July oil output quotas by 188,000 barrels per day.
- Paytm subsidiary Paytm Cloud Technologies invests €9 million in Paytm Europe.
- Mangalam Worldwide plans to establish a wholly-owned European subsidiary for global expansion.
- Emami completes acquisition of 59.69% stake in Incnut Digital.
- Adani Energy Solutions incorporates seven wholly-owned subsidiaries to support future growth.
- PNC Infratech wins ₹194.4 crore EPC flyover project from Lucknow Development Authority.
- Organic Recycling Systems guides for approximately 30% revenue growth in FY27.
- Shree Refrigerations to inaugurate a new Maharashtra manufacturing facility, expanding capacity by 50,000 sq. ft.
- NMDC expects to mine 0.75–1 million tonnes of captive coal in Q2 and anticipates stronger profitability from NMDC Steel.
- India GST Collection estimated at ₹1.94 trillion, up 3.2% year-on-year.
- Antony Waste Handling maintains 20% CAGR growth guidance and reports a record ₹18,000 crore order book.
- H.G. Infra Engineering receives appointed date for ₹1,303 crore Varanasi–Ranchi–Kolkata highway project.
- HCL Technologies reportedly faces potential loss of a major Xerox BPM contract.
- Suprajit Engineering secures new contracts worth USD 12 million annually, including its largest-ever EV cable order.
- Tata Technologies secures SAP PartnerEdge Sell Authorisation to strengthen enterprise and AI transformation offerings.
- Puravankara signs JDA for 11.23-acre Bengaluru land parcel with estimated GDV of ₹1,100 crore.
- MCX launches Silver 100 Futures to expand participation from jewellers, SMEs and retail investors.
- Cyient states TAO business operates at EBITDA margins above 20% and expects mid-single-digit FY27 growth.
- Siemens India successfully completes sale of its low-voltage motors business to Innomotics India.
- India-US Trade Deal first tranche reportedly 99% complete with signing expected soon.
- India-Oman CEPA allows Indian investors in Oman to hire Indian workers beyond local employment requirements.
- Geopolitical Alert: Rising tensions in Lebanon, Iran and the Strait of Hormuz continue to remain key global market risk factors.
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