🗞️ Daily Business Brief – june 08 2025
- FII/DII Activity FIIs remained net sellers at ₹5,555.67 crore, while DIIs absorbed selling pressure with net purchases of ₹5,165.24 crore.
- Telecom Sector Bombay High Court quashed the government’s 2012 decision imposing one-time spectrum charges on spectrum held above 6.2 MHz, providing significant relief to telecom operators.
- RVNL secured a ₹221 crore railway infrastructure contract from South East Central Railway in Chhattisgarh.
- Vedanta rebranded its copper and nickel businesses while outlining expansion plans. Copper capacity is targeted at 460 KTPA and nickel capacity at 60 KTPA.
- Global Geopolitics US President Donald Trump stated that Israel and Iran are looking at an immediate ceasefire, although uncertainty remains over long-term regional stability.
- Tata Mutual Fund restricted fresh subscriptions into its Gold ETF and Gold ETF Fund of Fund amid prevailing market conditions.
- Dynacons Systems won a ₹125.88 crore order from Central Bank of India for private cloud expansion and deployment of NVIDIA H200 AI infrastructure.
- Defence Sector Defence Ministry sources indicated that 18–24 LCA Mark1A fighter aircraft could be ready by the end of the year.
- Stove Kraft reported strong demand for induction cooktops and guided for 15% revenue growth in FY27 with EBITDA margins above 11%.
- Indian Bond Market RBI reforms and tax benefits for FPIs could potentially attract $25–50 billion of foreign inflows into Indian debt markets.
- Waaree Renewable received a Letter of Award for a 300 MW / 450 MWp ground-mounted solar EPC project.
- Semicon Mission 2.0 Government to focus on semiconductor design, manufacturing equipment and materials ecosystem development.
- Indian Railways Government aims to add at least 3,000 more regular trains over the next five years.
- RBI announced a USD swap facility for eligible ECB drawdowns at a fixed rate of 1.5% per annum, available until January 15, 2027.
- Ujjwala Scheme Government reduced annual subsidized LPG cylinder entitlement for beneficiaries from existing levels to four cylinders.
- India Economy India reported a current account surplus of USD 7.1 billion in Q4 FY26, supported by strong services exports and remittance inflows.
- TCS launched a dedicated AI-native Global Capability Centre business unit to support enterprise AI transformation.
- NLC India Government plans to divest up to 3% stake through OFS with a floor price of ₹303 per share.
- Adani Enterprises will acquire Portus Ventures through its Airport City business via a 100% stake purchase.
- Panacea Biotec joined the DENSTAR project to accelerate dengue vaccine access and licensure in Africa.
- Brigade Enterprises fixed June 17 as the record date for its 1:3 bonus issue.
- Grasim Industries approved ₹3,094 crore capex to expand lyocell fibre capacity at its Karnataka facility.
- Industrial Development Government launched the BHAVYA portal to simplify industrial land acquisition and reduce procedural delays.
- Export Sector India retained EU market access for key agricultural and animal products beyond September 2026.
- IRB Infrastructure reported a 25% YoY increase in May toll collections to ₹843 crore.
- State Bank of India paid a dividend of ₹8,813 crore to the Government of India for FY26.
- India-US Trade Government expects the first phase of the India-US trade deal by July-end, potentially offering better terms than other countries.
- India Exports Goods exports surged 15% during April-May, indicating strong trade momentum.
- EV Industry India’s electric vehicle penetration crossed 11% for the first time as May auto sales touched record highs.
- Royal Orchid Hotels launched “Z by Regenta City Centre” in Ahmedabad, targeting Gen Z and millennial travelers.
- Fineotex Chemical expansion will increase annual manufacturing capacity from 200 million pounds to 350 million pounds.
- Shree Cement indicated improving pricing environment with cement price hikes seen across the industry.
- Energy Security Oil Minister Hardeep Puri stated India has 30–60 days of energy supplies even under a worst-case Hormuz disruption scenario.
- US Energy Trade The United States emerged as India’s largest gas supplier in May amid West Asia-related supply concerns.
- Lupin partnered with Laboratorios ERN to launch Luforbec® in Spain for asthma and COPD treatment.
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