🗞️ Daily Business Brief – NOV 1,2025
- Indegene CFO Suhas Prabhu says margins fell due to one-time M&A costs, expects recovery soon.
- Vedanta well-positioned to gain from commodity cycle and deleveraging efforts, say analysts. NSDL, Shree Lotus Developers & M&B Engineering – Lock-in period ends on Nov 3, as per Nuvama Research. Around 7.5 million NSDL shares (4% equity) worth ₹870 crore will become tradable. The stock is currently 45% above its IPO price of ₹800.
- Urban Company shares in focus as Q2 loss widens.
- Tata Motors Passenger Vehicles to launch new Sierra SUV on November 25, 2025.
- Auto Sector sees record October sales on festive boost, GST cuts & pent-up demand; Maruti Suzuki & Hero MotoCorp lead, Bajaj Auto tops EV sales, Ola Electric slips to #4.
- Bank of England expected to hold rates as UK budget looms.
- SBI Research says GST rate rationalisation delivering gains, not losses, countering revenue hit forecasts.
- Azad Engineering Q2 net profit up 60% to ₹33 Cr driven by energy and aerospace growth.
- Zydus Lifesciences receives ₹74 Cr GST demand order over IGST refund issue.
- Tata Motors retains 2nd spot in car sales for 2nd consecutive month, ahead of M&M & Hyundai.
- Maruti Suzuki total sales at 2.20 Lk units (▲6.8% YoY), domestic ▲9.2% at 1.89 Lk, exports ▼5.6% at 31,304 units.
- TVS Motor total sales at 5.43 Lk units (▲11% YoY); EV sales up 11% at 32,387 units; exports ▲21% YoY.
- M&M Auto total sales at 1.2 Lk units (▲26% YoY), PV domestic ▲31% at 71,624 units, exports ▲15% YoY.
- Dabur expects mid-single-digit growth for FY26 with improving margins.
- Astra Microwave Products JV wins ₹286 Cr defence order for IAF Special Forces.
- Maruti Suzuki crosses 3.5 Lakh bookings; strong small car demand post GST cuts.
- BEL expects ₹4,500 Cr NGC orders in FY26, ₹8,000–10,000 Cr in FY27; ₹2,500 Cr avionics orders from HAL in pipeline.
- Canara Bank gears up for next phase of growth with retail & MSME focus: CEO KS Raju.
- RITES signs MoU with Shipping Corp for maritime logistics & multimodal transport projects.
- Hospitals may agree to hold rates in 2026 post insurer-provider meeting; FinMin intervenes to resolve matter.
- SEBI Chairman says cannot shut down weekly expiries, sparks BSE reaction.
- Mastek partners with KarbonWise to accelerate sustainability & ESG initiatives.
- GIFT Nifty sets record monthly turnover of US$106.22B in Oct 2025.
- Import curbs on stainless steel relaxed till Dec 31 — relief for industry.
- Royal Enfield sales up 13% YoY to 1,24,951 units in October.
- Commerce Ministry seeks industry views on FDI in inventory-based e-commerce for exports.
- Adani Energy Solutions plans ₹18,000 Cr FY26 capex in transmission, distribution & smart metering.
- Swan Defence seeks ₹875 Cr govt aid as part of ₹4,250 Cr brownfield shipyard expansion at Pipavav.
- Hindustan Platinum exploring imports of used catalysts from Middle East & Europe to meet rising demand.
- DLF sales bookings jump 2x to ₹15,757 Cr in H1 FY26 on luxury demand.
- Donald Trump says his G2 meeting with China’s Xi Jinping will “lead to everlasting peace.”
- Dredging Corporation of India inks 22 MoUs worth ₹17,645 Cr with 16 partners during India Maritime Week 2025.
- Patanjali Foods expects 8–10% food business growth and 15% HPC growth; volume gains seen post GST cut – Concall.
- Kalpataru Projects revises revenue growth guidance to 25% (from 20%) and targets ₹25,000 Cr order inflow by FY26-end – Concall.
- Vedanta guides for $6B+ FY26 EBITDA; confident of completing demerger by fiscal-end – Concall.
- GAIL expects ₹4,000–5,000 Cr PBT in gas marketing; trims FY26 transmission guidance to 123–124 MMSCMD – Concall.
- Godrej Consumer Products expects high single-digit India growth; FY26 margins at lower end of 24–26% range – Concall.
- BEL reiterates 15%+ revenue growth, 27%+ EBITDA margin; ₹57,000 Cr order inflow target – Concall.
- United Spirits targets mid-to-high teen EBITDA margins, aims bottom line growth above top line – Concall.
- Coromandel International expects 25% growth in domestic crop protection formulations – Concall.
- IEX guides for 15–20% volume growth in FY26 – Concall.
- GHCL board approves share buyback up to 41.37 Lakh shares at ₹725 per share.
- Mphasis expects growth 2x industry pace, maintains 14.75–15.75% operating margin – Concall.
- Swiggy reiterates goal of achieving contribution margin profitability by June 2026 quarter – Concall.
- Apollo Pipes revises FY26 volume growth guidance to low-mid double digits amid slow industry – Concall.
- Zaggle Prepaid Ocean Services signs 3-year deal with Hitachi Cash Management; provides Zaggle Propul platform; no related party involvement.
- Escorts Kubota Oct sales at 18,798 units vs 18,110 YoY.
- SML Isuzu Oct sales at 1,059 units vs 801 YoY.
- Fertilizer Companies expect govt package to offset under-recoveries amid high DAP costs.
- DLF plans new luxury launches across Goa, Mumbai, Gurugram; expects strong rental income from upcoming malls.
- Groww seen less vulnerable to F&O curbs due to diversified retail base – Nuvama Analysis.
- Adani Enterprises plans ₹25,000 Cr rights issue to fund large infrastructure ventures – Bloomberg.
- NTPC Green Energy signs MoU with CtrlS Datacenter for 2 GW renewable projects.
- Zensar Technologies eyes AI-led growth via ZenseAI; mid-teen margins sustainable amid GenAI expansion.
- Godrej Consumer Products guides for mid-to-high single-digit volume growth; rural push and premiumization to sustain margins.
- Mahindra Holidays to strengthen domestic & Europe resort portfolio; targets ARR growth via premium inventory.
- NLC India transfers 1,430 MW renewable assets to NIRL; signs business transfer agreement.
- Tatva Chintan reports 48% YoY revenue growth, 298% rise in EBITDA; focuses on high-margin green chemistry and global expansion.
- Northern Arc Capital targets 20%+ AUM growth led by MSME & rural lending; expanding 372 branches, 55 partners, strong digital lending engine.
- RR Kabel aims double-digit growth via 16%+ volume rise, efficiency gains, and stronger export mix.
- Balkrishna Industries expanding tire capacity to ~4.25 Lakh MTPA; strengthening sourcing & diversification.
- Colgate-Palmolive India says urban demand remains sluggish.
- Astra Microwave Products JV receives ₹2.86B order.
- Godrej Consumer acquires FMCG business of Triology Solutions for ₹2.89B.
- CE Info Systems (MapmyIndia) signs MoU with DMRC for metro data integration.
- Zen Technologies receives ₹2.89B anti-drone systems upgrade order.
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