🗞️ Daily Business Brief – APR 16 2025
- US–Iran Negotiations President Donald Trump confirmed talks will take place in Islamabad; warned the US may target Iranian power plants and bridges if a deal is not reached.
- US–Iran Ceasefire Violation Donald Trump said Iran committed a “serious violation” of the ceasefire but remains confident a peace deal will happen “one way or another.”
- Sir Ratan Tata Trust Fresh legal notice alleges violation of Section 30A(2) of Maharashtra Public Trusts Act due to 3 lifetime trustees out of 6 total trustees, exceeding the one-fourth statutory limit.
- Tata Trust Governance Notice urges Charity Commissioner to convene urgent board meeting to reduce lifetime trustees to comply with legal provisions.
- United Breweries CEO warned rising input costs, supply shortages and pricing controls are squeezing margins across India’s beer industry, risking slower growth and innovation.
- Bai Hirabai Trust Trust under Noel Tata moves to amend 1923 deed restricting trusteeship to Zoroastrians; amendment aims to broaden eligibility.
- Tata Trusts Board Changes Amendment proposal follows earlier inclusion of non-Zoroastrians since 2000; Venu Srinivasan recently resigned after eligibility dispute.
- Trent Company to consider its first-ever bonus share issue at April 22 board meeting alongside March quarter results announcement.
- BHEL Reported FY26 provisional turnover of ₹32,350 crore (+18% YoY); secured ₹75,000 crore orders with order book at ₹2.4 lakh crore; commissioned ~8.9 GW capacity.
- BHEL Legal Action Filed suit in Bengaluru Commercial Court seeking recovery of ₹143.21 crore dues from Raichur Power Corporation.
- Cipla USFDA issued Form 483 with two observations after pre-approval inspection at Goa facility conducted between April 6–17, 2026.
- Lupin Received three USFDA observations following inspection of Somerset facility between April 13–17, 2026.
- Hyundai Motor India Lock-in expiry for 162.5 million shares (20% equity) worth ~₹30,700 crore scheduled Monday, increasing potential market float.
- Vedanta Blast FIR Naveen Jindal raised concerns over naming Anil Agarwal in FIR before investigation completion in Vedanta power plant incident.
- Hormuz Strait Tensions US defense official reported IRGC conducted at least three attacks on commercial shipping since Saturday morning.
- India–Iran Maritime Issue India’s Foreign Ministry summoned Iran’s ambassador after firing incident involving Indian vessels in Strait of Hormuz.
- Jindal Stainless Launched ‘Jindal Infinity’ stainless steel rebars in Punjab, expanding retail product portfolio.
- Shakti Pumps Invested ₹17 crore in subsidiary to support 2.2 GW solar manufacturing capacity expansion.
- Interarch Building Solutions Secured ₹60 crore domestic order for pre-engineered building (PEB) project.
- Piramal Finance Filed NCLT application for amalgamation of Piramal Corporate Tower, Piramal Agastya Offices and DHFL Investments into Piramal Finance.
- Star Cement Subsidiary entered agreement to acquire 100% stake in Nitesh Minerals, gaining limestone mining asset access.
- NTPC Green Energy Commissioned 87.50 MW solar capacity in Rajasthan; total group installed capacity reached 10,363.90 MW.
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