🗞️ Daily Business Brief – OCT 16 2025
- IndusInd Bank Case – EOW probes newly surfaced ₹258 cr ‘unsubstantiated’ entry.
- Hitachi Energy – Announces ₹2,000 cr investment to expand its Global Tech & Innovation Centre in Tamil Nadu; set to create 3,000 new jobs.
- Wipro – Projects Q3 IT services revenue at $2.59–2.64 billion; large deal bookings jump 91%.
- Eternal – Number of QuickCommerce stores expected to reach 2,100 against earlier guidance of 2,000 by Dec 2025.
- PNC Infra – Bags order worth ₹297 cr from Airport Authority of India.
- Rolls Royce & Bharat Forge – Expand strategic partnership to manufacture fan blades for Pearl 10x engines.
- Shyam Metalics – Targets 2.5x revenue growth to ₹40,000 Cr & ₹10,000 Cr Capex plan by 2031.
- Waaree Energies – Holding company unable to ascertain outcome of U.S. investigation at this stage.
- Godrej Industries – Increases stake in Godrej Capital to 91.11%; further acquisition of GCL shares worth ₹4.09B.
- Canara Bank – Divests stake in Canara Robeco Asset Management from 51% to 38% through IPO.
- Orient Technologies – Invests in Athena IT and AIT Internet Services for ₹77.1M; buys 100% stake in Red Hut Innovation for ₹57.5M.
- H.G. Infra Engineering – Receives completion certificate for Rajasthan project; cost ₹1,258.11 Cr; declared fit for commercial operation on Dec 31, 2023.
- KNR Constructions – Unit enters settlement agreement with NHAI; penalty & debarment proceedings dropped.
- Sammaan Capital – Raises U.S.$450 million via NCDs.
- Wipro – Executive sees momentum in Banking & Financial Services due to cost-optimization deals and Agentic AI.
- Infosys – CEO states pipeline remains very strong on large deals, though clients focus on cost optimization.
- Paradeep Phosphates – Board approves amalgamation with Mangalore Chemicals & Fertilizers.
- NIBE – Receives purchase order for ₹280.8M.
- Nestle – To slash 16,000 jobs (6% workforce) over next two years as new CEO speeds up turnaround.
- Allcargo Terminals Ltd – CFS volumes increase 18% YoY to 59.7k TEUs in September 2025; up 5% vs August 2025.
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