🗞️ Daily Business Brief – OCT 27 2025
- Tata Chemicals Ltd – Subsidiary Tata Chemicals Magadi Ltd (TCML) wins legal dispute with Kajiado County, Kenya; Court of Appeal declares ₹783 crore land revenue demand arbitrary and illegal.
- Jomei Investments – Likely to sell up to 2% stake in AB Capital via block deals; to offload 53.2 million shares at a floor price of ₹304.55 per share.
- India Retail Boom – Diwali 2025 sees record ₹6.05 lakh crore retail sales, the highest in India’s history; Made-in-India products drive festive surge across urban and rural markets.
- Morgan Stanley on RIL – Estimates ₹12–15 billion AI infra spend to develop 1GW data centre; RIL expected to underwrite 25% capacity; reiterates ‘Overweight’ with ₹3,155 target.
- FDI in PSU Banks – Govt may allow direct FDI up to 49% vs current limit of 20%, as per Reuters sources.
- LTIMindtree – Secures $100 million multi-year deal with a major global manufacturer of chemicals and polymers.
- Govt ad rates – Approves 26% hike in ad rates for print media; revised rates to apply from 2nd week of Nov; first increase since 2019.
- AICA Kogyo (Japan) – Looks to acquire majority stake in Stylam Industries, as per sources.
- Shriram Properties – Signs landmark JDA in Yelahanka, Bengaluru with estimated GDV potential of ₹600 crore.
- UK Govt – Extends guarantee for commercial loan to support Jaguar Land Rover (JLR).
- Coal Gasification Drive – Large companies, including 3 major private players, express interest in partnering with Coal India for underground coal gasification projects; PMO monitoring progress under ₹8,500 crore incentive scheme aiming 100 MT by 2030.
- Jubilant Ingrevia – Targets ₹7,500–8,000 crore revenue and 20% EBITDA margin by FY27; driven by ₹2,000 crore specialty chemicals capex and ₹1,200 crore CDMO pipeline.
- Tamilnad Mercantile Bank – Projects ₹1.4 lakh crore business and 2% RoA by FY27 with over 700 branches; GNPA to stay near 1%, CASA ratio above 30%.
- KFin Technologies – Eyes ₹7,500 crore market cap and ₹4,200 crore revenue run rate by FY27; growth led by global fund administration and Ascent acquisition integration.
- PNB Housing Finance – Targets ₹1.25 lakh crore loan book and 18% RoE by FY27; GNPA below 1%, NIM maintained at 3.6–3.7% with strong growth in affordable housing.
- Mahindra Logistics – Aims ₹14,000 crore revenue and 8–9% EBITDA margin by FY27; plans 3PL warehousing expansion to 30 million sq. ft. and EV fleet to 3,500 vehicles.
- Indian Oil Corporation (IOC) – Targets ₹8.5–9 lakh crore revenue and ₹32–35k crore EBITDA by FY27; backed by ₹1.1 lakh crore capex in refinery upgrades, petrochemicals and green hydrogen expansion.
- NTPC Green Energy – Signs MoU with Paradip Port Authority for green hydrogen collaboration; to develop green hydrogen-based mobility projects at Paradip Port.
- Dilip Buildcon – Declared L-1 bidder for ₹879.3 crore NH49 four-laning project (Paramakudi–Ramanathapuram); completion in 24 months under hybrid annuity model.
- EPACK Prefab Technologies – Receives purchase orders worth ₹140 crore (₹1.40 billion).
- IOL Chemicals – Gets EDQM approval for Sitagliptin Phosphate Monohydrate API, boosting diabetes market access in Europe.
- IOC Update – Company awaiting clarity on Russian oil imports; processed 19% Russian crude in Sept quarter vs 24% in June; open to US oil if commercially viable.
- Sona BLW Precision Forgings – JV with Jinnaiite Machinery in China placed in abeyance due to market conditions; no financial or operational impact; focus remains on global EV components.
- Supreme Industries – Expects 12–14% volume growth in FY26 vs earlier 14–15% guidance.
- MIC Electronics Ltd – Enters MoU with ChipEx Technologies for joint semiconductor solutions development.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
