🗞️ Daily Business Brief – NOV 24,2025
- Govt may table open architecture for individual insurance agents in winter session; proposal allows agents to tie up with multiple life, general & health insurers. Alert: LIC & SBI Life had opposed open architecture.
- Eris Lifesciences to acquire remaining 30% stake in Swiss Parenterals for ₹423 crore.
- New Labour Codes — Key points shared by Labour Secretary Vandana Gurnani:
👉 Fixed-term employment introduced
👉 8-hour workday & 48-hour workweek mandatory
👉 PF contribution rises if wages + DA exceed 50%
👉 Universal minimum wages with no gender discrimination - India & Canada to fast-track FTA negotiations; CEO Forum to resume in 2026.
- HUDCO signs MoU with NIUA to collaborate on urban development programmes.
- Dr Reddy’s gets EU approval for osteoporosis drug AVT03 (biosimilar to Prolia & Xgeva).
- Ceigall India wins ₹59-crore annual contract from REC Power for Velgaon substation.
- Indian bonds gain after RBI Chief signals room for rate cuts; 10-year yield falls 4 bps to 6.48%.
- NBFCs expected to grow 18–19%, but analysts flag LAP portfolio risks — Crisil & Piramal.
- Apollo Hospitals bullish on expansion as new Pune facility opens; demand outlook strong.
- RBI Governor Sanjay Malhotra says macro indicators strong; scope exists for policy rate cuts; December rate decision not yet clear.
- Groww sees long-term opportunity in MTF business with steady expansion across segments.
- Govt may allow mergers between insurance & non-insurance companies. Alert: Move may enable Max Financial–Axis Max Life merger. Note: Section 35 currently restricts such mergers.
- Real estate development costs likely to rise 3–4% due to labour code changes — ANAROCK’s Anuj Puri.
- BEL & Safran sign JV cooperation agreement for production of HAMMER smart precision weapon in India.
- Surya Roshni secures an order worth ₹1,050 crore.
- Premier Explosives receives export order worth ₹731.1 million.
- Paras Defence signs MoU with Inter-University Accelerator Centre.
- Voltas sees LIC raise stake by 2.03% to 7.08% (Sept 25–Nov 11).
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