🗞️ Daily Business Brief – june 04 2025
- FII/DII Activity FIIs were net sellers of ₹4,447 crore while DIIs remained supportive with net buying of ₹4,360 crore in equities.
- India-US Trade Deal India and the US moved closer to an interim trade agreement after four days of constructive negotiations covering key trade issues.
- IndiGo Temporarily suspends flights to six international destinations from July citing softer demand and cost pressures while retaining over 1,800 weekly international flights.
- Goldman Sachs Acquired over 1.13 crore shares of Groww parent Billionbrains Garage Ventures for approximately ₹210 crore via block deal.
- Aurobindo Pharma Received final US FDA approval for Tofacitinib Tablets in 5mg and 10mg strengths used in rheumatoid arthritis treatment.
- CG Power Commissioned a new extra high-voltage switchgear facility in Nashik with annual capacity of 7,200 units and investment of ₹39.5 crore.
- Tata Capital Identified housing finance and SME lending as key growth drivers going forward.
- Vedanta Said ED has concluded FEMA-related search operations with no penalty, restriction or impact on business operations.
- Titan Company Targets doubling jewellery revenue by FY30, increasing market share to 11% and expanding store count to 1,400 from about 800 currently.
- Solar Manufacturing India expected to become self-sufficient in solar cell manufacturing within one year, according to Union Minister Pralhad Joshi.
- Blackstone Restricted withdrawals from flagship BCRED private credit fund after redemption requests exceeded quarterly limits.
- Meta Platforms Rolled out Creator Assistant on Facebook to creators in the US, Canada and India.
- Clean Energy Jobs India’s clean energy transition could generate more than 44 lakh jobs by 2030, with rooftop solar emerging as the largest employment creator.
- HDFC Mutual Fund Imposed temporary restrictions on fresh subscriptions into Gold ETF and Gold ETF FoF.
- T-Mobile Established a Hyderabad GCC and plans to hire 1,000 employees by 2027.
- US Markets Dow Jones surged over 800 points to hit a fresh all-time high as risk appetite strengthened.
- ATF Pricing India fixed ATF benchmark price at ₹86.32 per litre under the new stabilisation mechanism.
- India-UK Partnership Launched a Critical Minerals Global Supply Chain Observatory to strengthen resource security.
- Tata Steel UK Reported a fire incident at its Port Talbot facility in Wales; investigation underway.
- ICICI Bank Received a SEBI warning letter regarding FPI-related fund repatriation before completion of the lock-in period.
- Trade Negotiations Former USTR official warned India could face higher US tariffs if an interim trade deal is not reached by July 24.
- LPG Subsidy Government said LPG under-recovery remains around ₹700 per domestic cylinder.
- JK Lakshmi Cement Approved investment of up to ₹16 crore for acquiring 26% stakes in solar SPVs under the captive route.
- India Power Demand Power consumption jumped 11.55% YoY to 164.98 billion units in May, indicating strong economic activity.
- Energy Transition India can become an energy exporter through ethanol, hydrogen and sustainable fuels, according to Nitin Gadkari.
- Hinduja Global Solutions Board recommended a final dividend of ₹5 per share for FY26.
- Hyundai Motor India Plans to launch its first mass-market EV from Chennai this year and strengthen Tamil Nadu as its EV hub.
- Inox Clean Energy To acquire Vena Energy India’s 6 GW renewable portfolio for approximately ₹6,000 crore.
- Ethanol Infrastructure Government plans 100 ethanol fuel stations across Delhi-NCR and Maharashtra, targeting 5,000 stations by 2027.
- Central Bank of India Expects recovery of more than ₹3,500 crore from bad loans in FY27.
- Maruti Suzuki Launched India’s first flex-fuel passenger vehicle; management highlighted benefits for reducing oil imports and emissions.
- Oil & Gas India held discussions regarding stuck dividend payments from investments in Venezuela involving ONGC and Oil India.
- AI Standards Government plans AI-driven machine-readable standards to simplify regulatory compliance for industry.
- Fuel Security India maintained uninterrupted fuel supplies despite West Asia tensions, with over 90% of crude imports routed through the Strait of Hormuz.
- Dixon Technologies Said approval for Vivo joint venture remains under active consideration.
- Monsoon Update IMD confirmed southwest monsoon has reached Kerala.
- Suven Life Sciences Reported positive DSMB safety review and interim analysis from Phase-3 Masupirdine study for Alzheimer’s disease agitation.
- South West Pinnacle Exploration Empanelled by Oil India for 2D/3D seismic data acquisition services for three years.
- Defence Sector Government evaluating incentives for indigenous military-grade material sourcing under DAP 2026.
- FPI Tax Regime Cabinet approved changes to the FPI tax framework; ordinance expected shortly.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
