🗞️ Daily Business Brief – APR 21 2025
- Dabur appoints Herjit S Bhalla as CEO – India business w.e.f April 23, 2026.
- Balrampur Chini to issue 93.15 lakh equity shares at ₹483/share to promoters and non-promoters on a preferential basis.
- India–US Trade Talks 3-day negotiations concluded; Indian delegation led by chief negotiator Darpan Jain returning to India.
- Donald Trump reposted controversial birthright citizenship content calling India and China “hellholes,” sparking backlash.
- Public Sector Banks bank chiefs met Finance Minister to discuss AI-related risks, cyber threats, and disruption potential including concerns linked to Anthropic’s Mythos.
- J Kumar Infra bags two infrastructure projects worth ₹2,488 crore.
- Godrej Industries stock rises 33% this month, best performance in 17 years; company targets 15%+ revenue growth and 20%+ EPS growth with ₹5 lakh crore market cap ambition over five years.
- Pace Digitek signs exclusive OEM agreement with NEC XON Systems to market and sell BESS and energy solutions across South Africa, Botswana, Mozambique, Namibia, and Mauritius.
- Rolex Rings board approves ₹180 crore share buyback via tender offer at ₹180/share (up to 3.67% equity); promoters will not participate.
- Gujarat Gas supports revival of Morbi ceramic industry through assured gas supply and revised pricing structure.
- SPML Infra board approves 35% capex increase to ₹238.43 crore to expand BESS capacity from 2.5 GWh to 5 GWh.
- Urban Enviro Waste Management receives order worth ₹19.88 crore.
- Infosys sees stable growth in Japan and Nordic markets; not opting for visas under the new regime.
- Infosys says European auto sector facing challenges; deal wins declined sequentially due to a large $1+ billion deal in the base quarter.
- Cyient approves setting up branch office in the Kingdom of Saudi Arabia.
- Larsen & Toubro incorporates wholly owned subsidiary Vyoma.AI Limited to drive AI and digital transformation initiatives.
- Tata Motors (JLR) recalling 170,000 vehicles in North America.
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