🗞️ Daily Business Brief – OCT 14 2025
- IMF Economic Outlook: India’s FY26 growth projection hiked by 20 bps to 6.6% from 6.4% (July forecast); FY27 cut by 20 bps to 6.2%. Upward revision driven by strong Q1 carryover, with robust services sector expansion supporting growth.
- Global Growth: Outlook remains steady vs July; USA seen growing at 1.9% in 2025 & 2% in 2026 (+10 bps), EMDEs at 4.2% in 2025 (+10 bps) and 4% in 2026. China’s growth steady at 4.8% (2025) & 4.2% (2026). IMF warns global growth remains fragile despite easing trade tensions.
- India’s Smartphone Exports: Surge over 60% YoY during April–September 2025, reflecting strong manufacturing momentum.
- Vedanta: Competition Commission of India approves acquisition of Jaiprakash Associates by Vedanta.
- India Post: Resumes all categories of international postal services to the US from Oct 15 after suspension in Aug 2025 due to De Minimis order.
- Sahara Case: Supreme Court notes title not clean for all 88 properties; multiple ownership claims filed. Adani expresses willingness to buy all 88 properties in a comprehensive deal.
- Infosys: Bags 15-year contract worth £1.2 billion (>₹14,000 crore) from NHSBSA to deliver Workforce Management Solution for NHS in England & Wales.
- ICICI Prudential MF: Halts fresh investments in Silver ETF FoF as supply crunch intensifies.
- Cochin Shipyard: Wins ‘mega’ order worth over ₹2,000 crore from a leading European client.
- JBM Auto: Divests 100% equity stake in MH Ecolife E-Mobility Pvt Ltd to JBM Ecolife for ₹17.17 crore.
- Lemon Tree Hotels: Signs license agreement for a 54-room Lemon Tree Hotel in Gandhidham, Gujarat, featuring restaurant, banquet hall, pool, and spa.
- Cyient DLM: Reports ₹4,977 million order inflow; strong EV and MedTech pipeline. Company pursuing M&A in North America and EMEA to build global electronics design leadership. Executive says order intake up 130% YoY in H1, with large deals in advanced stages.
- Tech Mahindra: Eyes accelerated growth via AI-led transformation and platform expansion (TechM Orion). Reports 8 consecutive quarters of margin gains and 57% YoY rise in TCV, indicating turnaround momentum.
- Crompton Greaves Consumer Electricals: Launches Star Param JB Downlighter (5W, 7W, 9W) under B2C lighting for domestic market.
- Zomato: Signs MoU with Government of India to offer 20,000 gig opportunities per month through National Career Service Portal (PIB).
- Cholamandalam Investment & Finance: Allots NCDs worth ₹550 crore via private placement.
- India–Mongolia–Russia Trade: India discussing coal imports from Mongolia via Russian routes; Indian-funded Mongolian refinery expected operational by 2028. Mongolia invites Indian firms to explore oil & gas opportunities.
- Borosil Renewables: Government mandates registration for renewable energy component imports to ensure traceability and compliance.
- DCM Shriram: Commissions 35,000 TPA ECH plant in Gujarat; remaining 17,000 TPA capacity to be commissioned soon.
- Mishra Dhatu Nigam: Secures new order worth ₹306 crore.
- Yatharth Hospital: Vijay Kedia’s Kedia Securities Pvt Ltd appears with 1% stake in company as per Q2 filings.
- Adani Enterprises: Partners with Google to develop India’s largest data centre campus in Visakhapatnam; $15 billion investment over 5 years focused on AI capabilities and sustainable infrastructure.
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