🗞️ Daily Business Brief – APR 20 2025
- Core Sector Data India’s eight core industries contracted 0.4% YoY in March vs 2.8% growth in February.
- Adani Power overtakes Adani Ports in market capitalisation to become the most valuable company in the Adani Group.
- HDFC Bank board likely to seek CEO reappointment after receiving unqualified auditor report and legal clean chit following former Chairman Atanu Chakraborty’s resignation.
- Sterling & Wilson Renewable Energy (SWSOLAR) secures largest domestic order worth ₹3,550 crore from Coal India.
- Interarch Building Solutions bags ₹80 crore order for design, engineering, manufacturing and erection of PEB systems.
- Refex Industries wins ₹32.12 crore contract for pond ash transportation to NHAI/PWD road projects.
- Vedanta approves May 1, 2026 as record date for ongoing corporate reorganisation with 1:1 share entitlement across businesses.
- Saudi Arabia Crude Loadings shipments from Yanbu port fell 17% to about 3.5 million BPD in the week beginning April 13.
- Hindustan Copper estimates ₹71.89 billion capex for mine expansion between 2026–2030; PAT projected at ₹5.89 billion for FY26 and ₹6 billion for FY27.
- TVS Motor accelerates Africa expansion with multi-product entry into Zambia and appoints Zamoto Manufacturing as distributor; introduces eight products.
- PNB Housing Finance recommends final dividend of ₹8 per share for FY26.
- India–US Trade Deal Indian trade delegation arriving in Washington this week to finalise trade agreement.
- TVS Motor partners with Hyundai Motor Company to develop electric three-wheelers under a joint development agreement for micromobility solutions.
- Eimco Elecon (India) acquires 35,056 sq. meters of land in Gujarat for ₹45.56 crore.
- JSW Steel partners with POSCO to set up 6 MTPA greenfield steel plant in Odisha.
- Sterlite Technologies launches ‘Neuralis’ in the US for AI-era data center connectivity with high-speed, low-latency infrastructure solutions.
- Oberoi Realty Q4 FY26 booking value rises to ₹1,673 crore vs ₹853 crore YoY (+96.1%); FY26 booking value at ₹5,447 crore (+3.1% YoY).
- RBI withdraws April 1 circular related to forex trading and announces certain relaxations.
- 360 ONE WAM subsidiary to acquire 100% stake in Quark Solar for ₹9.39 crore.
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