🗞️ Daily Business Brief – NOV 26,2025
- Ashoka Buildcon arm sells stake in five SPVs to Maple Infrastructure Trust for ₹1,814 crore.
- IMF says India’s Real GDP grew 7.8% in Q1 FY26 after 6.5% expansion in FY25; reclassifies FX regime to “Crawl-Like Arrangement”.
- Base Revision Updates – MOSPI to use GST data to refine private company lists; unincorporated sector GVA to use ASUSE & PLFS data.
- Mahindra & Mahindra launches electric SUV Mahindra BE 6 Formula E Edition; prices start at ₹23.69 lakh.
- Commonwealth Games 2030 – India confirmed as host; event to be held in Ahmedabad.
- RBI Deputy Governor says India’s statistical system has long-standing professionalism and methodological rigour; base revision is foundational.
- Whirlpool Block Deal – Promoter may sell up to 95 lakh shares (7.5%) worth ₹965 crore; floor price ₹1,030; 90-day lock-up.
- Pune Metro – Cabinet clears ₹9,858 crore Line 4 & 4A project under Phase 2.
- Bajaj Auto enters E-rickshaw segment with ‘Riki’; priced at ₹1.9 lakh (e-rickshaw) & ₹2 lakh (e-cart); to be launched in 25 cities.
- Rare Earth Magnets Scheme – Cabinet approves ₹7,280 crore sales-linked-incentive scheme to create 6,000 MTPA ecosystem.
- Cabinet Approvals – Four proposals worth ₹19,919 crore cleared, including rare-earth manufacturing plan.
- Paras Defence gets DRDO tech-transfer nod for T-90 tank night-sight system.
- Russia–Ukraine – Kremlin confirms officials met in UAE.
- Anant Raj subsidiaries invest in Blessed Landbase LLP aligned with core real-estate business.
- Grasim Industries to acquire 29% stake in captive solar power SPV; investment ₹3.6 crore.
- IMF Insights – Tax reforms to cushion tariff impact; new trade deals & structural reforms to support growth; risks from geopolitics & weather shocks.
- IMF Fiscal View – Achieving deficit target requires spending discipline; tariff relief must be targeted & time-bound; further monetary easing possible if tariffs stay high.
- Oberoi Realty announces resignation of EVP – Compliance & Special Projects; also enters development agreement for land in Mumbai.
- M&M introduces world’s first Formula-E themed special edition SUV – BE 6 FE2 priced at ₹23.69 lakh.
- Patel Engineering secures project worth ₹798 crore.
- M&B Engineering bags ₹67-crore order for pre-engineered building in the USA.
- LG Balakrishnan & Bros signs MoU with Tamil Nadu Govt for infra & regulatory facilitation.
- Asian Paints unit to set up second UAE facility; investment AED 140M; capacity 55,800 KL/annum.
- Torrent Power said to be poised to buy L&T unit in $1.2-billion deal (BBG).
- Pidilite Industries unit to invest ₹5.1 crore in MagicDecor.
- Info Edge to invest ₹50 million in SmartWeb Internet Services and ₹700 million in startup investments.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
