🗞️ Daily Business Brief – june 11 2025
- SEBI proposes uniform price bands across NSE and BSE for the same stock to eliminate exchange-wise price gaps, improve liquidity, and strengthen price discovery, particularly in illiquid small-cap stocks.
- Vedanta Group announces four demerged entities will commence trading on NSE and BSE from June 15, marking a major milestone in its value-unlocking restructuring plan.
- Lenskart witnessed a large block deal worth ₹1,960 crore, with Kotak MF, Canara Robeco MF, NPS Trust, Franklin Templeton MF, Mirae Asset MF and HDFC Life among key buyers.
- Happiest Minds Technologies launched Rel(AI)Build, an Agentic AI development platform and Agentic Development Lifecycle framework aimed at accelerating enterprise software development and AI-led automation.
- Infosys completed pilot assessment under the CMMI AI Maturity Framework, evaluating AI deployment, governance and AI-enabled software development capabilities.
- State Bank of India appointed Sanjay Lohiya as Director on the Board with immediate effect.
- IRCTC appointed Rajneesh Narain as Director (Finance) with immediate effect.
- Astral subsidiary Astral Chemie acquired a 60% stake in DSS LLP for ₹39.11 crore to strengthen specialty chemicals capabilities.
- SP Apparels approved a loan of up to GBP 4 million (₹51.2 crore) to its UK subsidiary for business operations.
- Rolls-Royce targets $1 billion sourcing from India over the next five years, highlighting expanding manufacturing and supply-chain opportunities.
- RBL Bank is likely to appoint HDFC Bank executive Bhavin Lakhpatwala as its new Chief Financial Officer.
- Senco Gold sees the recent correction in gold prices as a buying opportunity ahead of the wedding season and expects prices to recover as geopolitical tensions ease.
- Cipla received Voluntary Action Indicated (VAI) status from the USFDA for its Goa manufacturing facility following an April inspection.
- Black Hills clarified that the 1.8 GW Cheyenne data centre project remains on track, with commercial operations expected to begin in early 2028.
- BHEL emerged as the successful bidder for a DVC tender worth over ₹90 crore for the 1×800 MW Durgapur Supercritical Thermal Power Station project.
- Sagility announced a strategic acquisition through its US subsidiary with a deal value of up to $30 million.
- Central Water Commission reported reservoir water levels are down 8.2% year-on-year.
- India Semiconductor Mission 2.0 continues to gain momentum as the government pushes large-scale semiconductor manufacturing investments.
- Ethanol Blending received a boost after the government exempted E22, E25, E27 and E30 petrol variants from excise duty to avoid double taxation.
- Textile Sector targets growth from ₹16 lakh crore to ₹33 lakh crore by FY31, with handloom weavers’ annual income projected to reach ₹5 lakh.
- Data Centre Industry could unlock a $280 billion opportunity by 2035 as India’s AI and digital infrastructure ecosystem expands, according to PwC.
- NLC India partnered with CSIR-CECRI to develop rare earth and critical mineral extraction technologies.
- Housing Finance Sector is witnessing improving asset quality and stronger growth momentum heading into FY27, according to Equirus.
- France-India Relations continue to strengthen, with defence cooperation and West Asia developments expected to dominate discussions ahead of the G7 Summit.
- OPEC lowered its 2026 global oil demand growth forecast to 970,000 barrels per day from 1.17 million barrels per day previously.
- Petroleum Ministry confirmed India currently has around two months of crude oil, LPG and LNG inventory, with supplies remaining stable.
- Fertiliser Sector could see lower subsidy requirements as falling global urea prices ease cost pressures.
- Shipping Ministry stated that over 18,000 Indian seafarers are currently working in the Gulf region, with 562 serving on Indian-flagged vessels.
- Electric Vehicle Industry is expected to absorb over ₹24,000 crore of automaker capex over the next two years, according to CRISIL.
- ASUS plans to begin gaming laptop manufacturing in India, targeting 25–30% local production.
- ICICI Securities expects telecom, defence and power sectors to drive India’s FY27 capex cycle despite ongoing Gulf tensions.
- HAL filed a criminal complaint against Tec Aero Devices over alleged forged test reports linked to the Tejas Mk1A programme.
- Glenmark Pharmaceuticals launched WINLEVI® in key European markets for acne treatment, marking its first New Chemical Entity launch in Europe.
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