🗞️ Daily Business Brief – APR 21 2025
- JSW Energy arm faces ₹1,447 crore water charge demand in Chhattisgarh; company has challenged the order before the Chhattisgarh High Court citing IBC and NCLT precedents.
- RBI introduces new consolidated e-mandate framework allowing recurring digital payments up to ₹15,000 without OTP across cards, UPI and prepaid instruments.
- India–US Trade Indian exporters seek ~$12 billion tariff refunds after U.S. portal opens amid ongoing bilateral trade negotiations.
- Aurobindo Pharma announces ₹800 crore share buyback at ₹1,475 per share; buyback opens April 23.
- Eris Lifesciences shares fall nearly 6% after regulatory observations issued for Swiss manufacturing facilities.
- Nestlé India expects coffee and cocoa prices to remain soft while milk prices stay elevated.
- Nestlé India reports strong double-digit volume growth across channels with market share gains and record domestic sales.
- Thangamayil Jewellery Akshaya Tritiya sales surge 76% YoY to ₹279.27 crore; non-gold revenue rises 61% YoY.
- Intellect Design Arena partners with Khalsa Credit Union (Canada) to deploy next-generation digital banking platform.
- Axis Max Life Insurance March premium up 11% YoY; Retail APE up 7%; Total APE up 8% YoY.
- ICICI Prudential Life March premium up 47% YoY; Retail APE down 1%; Total APE up 55% YoY.
- LIC March premium up 17% YoY; Retail APE up 10%; Total APE up 11% YoY.
- Tata Steel completes acquisition of 26% stake in TP Adarsh Limited for ₹5.90 crore.
- PNC Infratech emerges as L1 bidder for two HAM-based national highway projects worth ₹3,483 crore.
- Cyient DLM launches “Strengthen–Expand–Transform” strategy targeting defense spending growth, AI infrastructure expansion and supply-chain shifts.
- Shakti Pumps invests ₹10 crore in wholly owned subsidiary Shakti EV Mobility.
- Transformers & Rectifiers India plans new Moraiya capacity addition of 22,000 MVA, taking total capacity to ~75,000 MVA across plants.
- Transformers & Rectifiers India announces ₹600 crore capex over 15 months as part of roadmap toward $1 billion revenue target within three years.
- Sonata Software achieves AWS Migration and Modernization Competency status, strengthening enterprise transformation positioning.
- BEML secures ₹590 crore defence order from Ministry of Defence for supply of trawl assemblies.
- IIFL Capital Fairfax reportedly in advanced talks to acquire ~10% stake via preferential allotment; deal may trigger open offer.
- Transrail Lighting completes greenfield expansion of tower manufacturing facility; capacity increases from 84,000 MTPA to 1,72,400 MTPA.
- Cochin Shipyard likely to receive Navratna status, improving financial autonomy, capex flexibility and long-term execution capability.
- Adani Power incorporates wholly owned subsidiary Rawatbhata-Raj Atomic Energy Ltd to operate in nuclear energy sector.
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