🗞️ Daily Business Brief – NOV 18,2025
- Capital-market participants told the Finance Minister in the pre-budget meeting to keep STT on cash equity lower than derivatives, raise household equity savings from 5% to 8%, levy buyback tax on profits (not full value), and align short-term dividend tax for domestic investors with the 20% NRI rate. Note: domestic investors currently face ST dividend tax up to 42%.
- Groww outgrows BSE and four Nifty50 companies in market capitalisation.
- Pre-Budget Consultation saw startups meet FM and ministry officials; sector sought improved capital access, tax incentives, and regulatory reforms to boost innovation and global expansion.
- Infosys confirms ₹18,000-crore share buyback opening on November 20.
- TCS to modernise healthcare services for NHS Supply Chain.
- PSU Bank Merger – Former bankers say the next merger must address gaps in culture, capital, technology and synergies; size alone won’t improve competitiveness.
- India’s critical mineral strategy shifts to recycling and foreign MoUs amid unprofitable smelting; backed by ₹1,500-crore plan for domestic extraction and supply-chain resilience.
- Wonderla Chennai to open on December 2; built with investment exceeding ₹611 crore.
- Glenmark Pharma secures EU approval for Winlevi to treat acne; to commercialise across 15 European nations.
- IREDA plans QIP fundraising up to ₹3,000 crore; issue may carry up to 5% discount.
- BLS International Services wins global contract from Slovak Republic to operate visa centres in 80+ countries.
- AkzoNobel NV to acquire Axalta for $9.2 billion in a major global paint sector deal.
- PhysicsWallah lists strongly; management aims 20–30% sustainable growth and targets profitability within 12 months.
- Bombay Burmah terminates contract with MSTC as online bidding process was unsuccessful and inconsistent.
- JM Financial says markets consolidating; FY27 earnings expected to attract foreign inflows; consumption, financials, renewables and power transmission seen as key beneficiaries.
- Jindal Stainless outlines ₹5,700-crore three-pronged investment plan to achieve global stainless-steel leadership.
- Sajjan Jindal seeks ₹6,000 crore MF financing to fund AkzoNobel India acquisition.
- Adani Energy Solutions receives LOI from PFC Consulting for transmission system for RE zone evacuation.
- Manufacturing sector in pre-budget meeting urged govt to support domestic manufacturers, provide tax relaxations for new units, simplify compliance, and ensure faster clearances.
- Inox Green Energy clarifies that CERC order on 300 MW grid access is not a material event; evaluating legal options including APTEL.
- Trade Ministry says India is pursuing critical mineral supply tie-ups through FTAs.
- Zodiac Energy commissions three new solar power plants in Gujarat.
- Azad Engineering signs agreement with Pratt & Whitney Canada to enhance aerospace manufacturing capabilities.
- China & Japan diversifying away from the US dollar as China’s share in US Treasuries drops to a 22-year low (8%) while Europe increases purchases.
- Oriental Rail Infrastructure wins Eastern Railway order worth ₹36.7 million.
- UltraTech Cement receives Fitch ratings affirmation at BBB- with stable outlook.
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