🗞️ Daily Business Brief – june 18, 2025
- Reliance Industries AGM on June 19; investors to watch updates on new energy plans, Jio Platforms listing roadmap, and capital allocation strategy.
- HDFC Bank RBI extends Keki Mistry’s tenure as Interim Part-Time Chairman till September 18, 2026; AGM scheduled for August 5 and dividend of ₹13/share proposed.
- Infosys & Wipro ADRs declined sharply after Accenture lowered annual revenue growth guidance; Infosys ADR fell over 7% while Wipro ADR dropped more than 8%.
- Wipro Successfully completed a large-scale multi-year data center migration program for METRO AG and increased stake in Aggne Global IT Services to 80%.
- HCLTech Launched AI Innovation Zone in Chennai powered by Intel Xeon 6 processors to accelerate enterprise AI product deployment.
- Bharat Forge Defence arm Kalyani Strategic Systems signed a strategic partnership with US-based AM General at Eurosatory 2026 in Paris.
- SEBI Board to consider reintroducing open-market buybacks, faster AIF approvals and relaxed mutual fund borrowing norms.
- Accenture Shares plunged over 14% after weaker annual revenue growth outlook and soft Q4 guidance.
- HDFC Bank Considering establishment of a sixth technology centre in Karnataka as part of digital expansion plans.
- HDFC AMC Forensic audit report related to data breach likely to be submitted next week, according to sources.
- Nykaa Shares surged over 6% after management reiterated plans to triple revenue by FY30.
- Textile Sector Stocks rallied after India-UK FTA implementation date was set for July 15, 2026; Gokaldas Exports gained 7%.
- JBM Auto Rose after subsidiary secured ₹750 crore investment from Motilal Oswal.
- Air India Introduced a new Basic Fare category on select domestic routes from Delhi without complimentary meals.
- Bajaj Auto Fixed June 24, 2026 as record date for ₹5,632.8 crore buyback at ₹12,000 per share.
- Lloyds Engineering To acquire Steel Infra Solutions for ₹1,073 crore through a mix of cash and share swap.
- Brigade Enterprises Shares declined after environmental clearance for the ₹2,100 crore Morgan Heights Chennai project was revoked.
- Bata India Appointed Sanjay Rao, former Nike executive, as Managing Director & CEO to drive growth and transformation.
- Amber Enterprises IL JIN Electronics to acquire an additional 38.5% stake in Ascent for ₹337 crore, raising ownership to 98.5%.
- State Bank of India Board approved plans to raise up to ₹60,000 crore through debt instruments during FY27.
- Kalyani Steels Reported strong demand environment; auto contract prices revised higher by ₹4,700–₹4,900 per tonne.
- Apple & Intel US President Donald Trump claimed Apple will work with Intel on chip manufacturing initiatives in America.
- Swiss Banking Data Indian funds in Swiss banks fell to a four-year low of $3.25 billion.
- India-US Trade Deal Emerging as a key focus area in Trump–Modi discussions, raising hopes of improved trade flows.
- RBI To conduct a 3-day Variable Rate Repo auction worth ₹1 lakh crore on June 19 under LAF.
- Shipping Ministry Coordinating with agencies for safe return of energy cargoes from the Persian Gulf amid geopolitical concerns.
- Aequs Targets EBITDA margins of 18–22% and 4–6x revenue expansion by 2031.
- Dhampur Bio Organics Completed slump sale of MeerGanj unit and received ₹305 crore consideration.
- KFin Technologies May secure a ₹200 crore order; monthly order inflow expected at ₹20–30 crore.
- Tata Steel In focus as India-UK FTA provides relief from carbon tax on 85% of steel exports.
- Lodha & Oberoi Realty In focus as Mumbai water shortages drive sharp increase in tanker prices.
- Paras Defence Management scheduled to meet leading investors including Ashish Kacholia, SN Damani and Madhu Kela.
- VA Tech WABAG In focus as government prepares El Niño contingency and water conservation plans.
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