🗞️ Daily Business Brief – june 10 2025
- Rajesh Exports chairman Rajesh Mehta said SEBI’s ₹15.15 lakh crore revenue inflation concern stems from a misunderstanding of Valcambi’s financials, claiming EBITDA was mistaken for revenue.
- Aluminium Sector Government extends anti-dumping duty on aluminium foil imports until December 15, 2026.
- Rolls-Royce plans multi-billion-dollar investments in India, targets $1 billion sourcing from India, and aims to expand workforce to 10,000 employees.
- REC receives Presidential approval for merger into Power Finance Corporation (PFC).
- Zee Entertainment board approves fundraising of at least ₹2,300 crore for strategic and business initiatives.
- Lenskart block deal likely as Platinum Jasmine plans to sell a 2.3% stake in the company.
- Salesforce reportedly cuts jobs across Agentforce, MuleSoft and Marketing Cloud teams as it accelerates AI-focused initiatives.
- Cipla targets new-age medicines contributing 10% of revenue within five years and aims for $1 billion U.S. sales by FY28.
- Data Centre Theme AI-driven investments continue to surge with Google, Meta and global players committing billions towards data centre and AI infrastructure.
- AU Small Finance Bank increases FD, RD and FCNR deposit rates effective June 10; senior citizen FD rates raised up to 7.9%.
- Nucleus Software partners with Indonesia-based Azentra Solusi Digital to strengthen local execution capabilities.
- NRB Bearings management expects revenue to double over the next five years.
- Apar Industries targets EBITDA of ₹40,000 per tonne in conductors business with 10% volume growth.
- Bharat Forge expands semiconductor ambitions and aims to become part of the global semiconductor supply chain.
- Agriculture Sector FY27 agriculture ministry budget rises five-fold to ₹1.4 lakh crore.
- Power Grid approves ₹485 crore SCADA system upgrade and clears JPY 80 billion loan facility.
- Voler Car emerges as top bidder for acquisition of BluSmart.
- UltraTech Cement to acquire 13.99% stake in FPEL Services for captive renewable energy consumption.
- 3i Infotech secures ₹37.05 crore HPCL contract for pan-India IT infrastructure services.
- Microfinance Sector Government extends microfinance credit guarantee scheme targeting up to ₹20,000 crore credit flow.
- Punjab National Bank raises FCNR(B) deposit rates to 6.10% and expects mobilization of $2.5 billion.
- Textile Sector Government selects 96 firms under Round-3 of the PLI scheme with committed investments of ₹12,823 crore.
- Poly Medicure to meet Carnelian Asset Management and Quant Mutual Fund on June 12.
- Muthoot Microfin revises growth outlook upward to 20% from earlier 12–15% guidance.
- Andhra Pradesh Cabinet clears ₹4,703 crore capex for Amaravati office and housing complexes.
- Nitiraj Engineers receives DGCA certification for NADR10 agricultural drone, enabling commercial manufacturing and marketing.
- Bharat Dynamics order book stands at ₹26,176 crore with additional order pipeline of approximately ₹15,000 crore.
- Steel Sector India evaluating anti-dumping duties and other trade remedies to curb steel dumping.
- Heranba Industries receives relief after insolvency application filed by Haresh Petrochem was withdrawn.
- Astra Microwave approves demerger of space, meteorology and hydrology business into wholly-owned subsidiary Astra Space Technologies.
- Bharat Forge reports entry into billion-dollar semiconductor opportunity, working with three of the world’s top five semiconductor companies.
- Bharat Forge highlights strong defence growth outlook, largest-ever army carbine order win, and rising export opportunities.
- Sula Vineyards board approves sale of registered office premises for ₹27 crore; office relocation effective July 1, 2026.
- Marine Electricals receives new orders worth ₹44.22 crore.
- Solar Manufacturing Government eases sourcing norms and accelerates approvals for higher wattage solar PV modules.
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