🗞️ Daily Business Brief – june 07 2025
- FII/DII Flow FIIs remained net sellers with equity outflows of ₹8,776.25 crore, while DIIs absorbed the selling pressure with net purchases of ₹9,133.57 crore.
- India-US Trade Deal Commerce Minister Piyush Goyal said India and the US aim to execute the first tranche of the bilateral trade agreement by mid-July, with a higher-level US delegation expected later this month.
- 100 Days Since US-Iran War Despite initial fears that triggered a sharp market correction and oil price spike, global markets have largely recovered, with several indices reaching record highs while AI-driven economies continue to outperform.
- Allied Blenders & Distillers Alok Gupta resigned as Managing Director effective May 31, 2026. The board appointed Amar Sinha as Managing Director for a three-year term from June 1, 2026.
- HCLTech Awarded $1 million under the third edition of its Climate Action Grant in the Americas to support scalable climate innovation projects.
- Hindustan Zinc Signed an MoU with TERI for a 250-hectare ecological restoration project in Rajasthan.
- HG Infra Engineering Received completion certificate for its ₹4,971 crore package of the Ganga Expressway project in Uttar Pradesh.
- Adani Group Block Deal SBI Mutual Fund acquired stakes in Adani Enterprises and Adani Energy Solutions from GQG Partners through block deals worth over ₹5,700 crore.
- Adani Ports Incorporated a wholly-owned subsidiary, Harbour International Shipping FZCO, in the UAE through its step-down subsidiary Adani Harbour International FZCO.
- Alembic Pharmaceuticals To acquire a 45% stake in a Canadian venture as part of its international expansion strategy.
- Ixigo Approved acquisition of a 54.66% stake in Brevistay Hospitality for ₹65.69 crore to strengthen its hospitality and short-stay accommodation business.
- Creative Newtech Secured a ₹3,194.83 crore BharatNet Middle Mile Network project order from BSNL for the Odisha telecom circle.
- EMS Ltd Emerged as the lowest bidder for a ₹102.85 crore UP Jal Nigam construction project in Varanasi.
- Reliance Infrastructure Requested SEBI, NSE and BSE to review ASM-related trading restrictions to improve price discovery and investor participation.
- LPG Prices Government stated Indian households continue to pay among the world’s lowest cooking gas prices despite the latest ₹29 per cylinder hike.
- Zee Entertainment Board will consider fundraising through equity issuance on June 10.
- KRBL Highlighted rapid growth in quick commerce, which has expanded at nearly 60% CAGR over the last three years and is becoming a key sales channel.
- General Insurance Sector ICICI Lombard was the only listed general insurer to report premium growth in May, with growth of 11.6% versus industry growth of 6%.
- Tata Trusts Denied allegations of impropriety ahead of the June 8 meeting, stating all transactions were lawful and fully compliant with regulations.
- US-Iran Developments Reports suggest the US is considering redirecting frozen Iranian assets to compensate Gulf allies for war-related damages, while President Trump reiterated sanctions will remain in place.
- Private Capex Revival SBI Research estimates private investment surged to ₹56 lakh crore in FY26, indicating strong revival in India’s capex cycle.
- Adani Group Jefferies expects 20%+ growth for Adani Energy Solutions and Adani Power, driven by transmission and infrastructure investments.
- Gautam Adani Regained the title of Asia’s richest person with a net worth of $89.2 billion, according to Forbes.
- India GDP Outlook Several brokerages expect FY27 GDP growth to moderate towards 6.5% amid monsoon uncertainties and geopolitical risks.
- Shipping Sector Global container freight rates are rising due to higher fuel costs, congestion at ports and peak-season demand.
- Ethanol Economy Government targets 5,000 ethanol blending stations by 2027 and plans E85 fuel pricing at nearly ₹20 per litre below conventional petrol.
- L&T West Bengal government is exploring strategic partnerships with the conglomerate to accelerate economic development projects.
- Kolkata Metro Railway Minister Ashwini Vaishnaw announced plans for 60 next-generation metro trains over the next 4–5 years.
- Rupee & Liquidity Experts believe rupee volatility is a liquidity issue rather than a solvency risk, with RBI measures potentially attracting up to $75 billion in inflows.
- Man Infraconstruction Targets combined sales of over ₹5,000 crore in the next two years and plans FY27 launches with GDV exceeding ₹6,700 crore.
- Finance Ministry Reaffirmed commitment to continuing structural reforms despite global economic uncertainties.
- Patel Retail Opened a new Patel’s R Mart store in Bhiwandi, taking total store count to 52.
- TVS Motor Launched premium retail channel ‘TVS Paddock’ to enhance ownership experience for premium motorcycle customers.
- Data Centre Industry India’s data centre capacity is expected to grow more than fivefold to 8 GW by 2030, supported by AI and cloud infrastructure demand.
- Maharashtra Investments State secured fresh investment commitments worth ₹4,080 crore across electronics and logistics sectors.
- Sumitomo Corporation May invest up to ¥10 trillion in India over the next decade, reflecting long-term confidence in the economy.
- Seafood Exports India’s seafood exports have risen 70% over the past decade, significantly outpacing global trade growth.
- RBI Banking Reforms Proposed allowing banks to offer differential interest rates on domestic and non-resident rupee bulk deposits.
- IndiGo Faces delays in Airbus XLR aircraft deliveries due to supply-chain disruptions linked to geopolitical tensions.
- JSW MG Motor Installed 1,000 EV chargers across more than 470 locations and plans three new energy vehicle launches in 2026.
- TVS HLX Crossed the milestone of 5 million cumulative global sales across more than 57 countries.
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