🗞️ Daily Business Brief – DEC 23, 2025
- US GDP Growth grew at an annualised 4.3% in Jul–Sep, accelerating from 3.8% in Q2 and beating estimates of 3.3%.
- Reliance Industries – India Ratings reaffirms AAA credit rating with Stable outlook.
- Federal Bank – CCI approves Blackstone’s proposal to acquire 9.99% stake.
- RBI announces ₹2 lakh crore OMO bond purchases and dollar swap to boost liquidity.
- OYO (PRISM) secures shareholder approval to raise up to ₹6,650 Cr via IPO; bonus issue approved in 1:19 ratio.
- Bliss GVS Pharma board approves appointment of S.N. Kamath as Managing Director.
- Biocon signs out-licensing agreement with Ajanta to market Semaglutide in 26 countries.
- GAIL and Chhattisgarh government ink MoU for greenfield fertiliser unit.
- Belrise Industries enters defence manufacturing through partnership with Plasan.
- Commodities Outlook – Copper likely to lead in 2026; gold seen delivering 10–15% returns, silver returns to remain moderate: Nirmal Bang.
- Tata Motors crosses 2.5 lakh EV sales milestone; plans Sierra.ev and Avinya launches.
- Gold hits all-time high of $4,498/oz; up over 70% YTD.
- Belrise Industries – Promoter Sumedh Tools sells 6.56% stake via block deals; no change in control or management.
- Groww – JM Financial maintains ‘Sell’ citing expensive valuations; target ₹144.
- Aurobindo Pharma arm to acquire additional 20% stake in Luoxin Aurovitas Pharma (China) for $5.1 million.
- India Exports – Commerce Secretary says India working towards $2 trillion exports by 2030.
- NTPC approves JV with EDF Power Solutions India and formation of a wholly-owned subsidiary in Mauritius.
- UNO Minda executes restated JV agreement with Toyoda Gosei post shareholding consolidation.
- Jai Corp – ED seizes ₹17.4 million cash; demat accounts and MF folios worth ₹990 million frozen.
- Waaree Energies incorporates ten wholly-owned subsidiaries.
- NIBE approves fund raising up to ₹2.5 billion.
- Endurance Technologies reports cyber security incident; no material impact on operations or financials.
- EPACK Durable approves new facility at Bhiwadi; files complaint against Gangnam Steel for non-payment of ₹196.1 million.
- Zydus Lifesciences partners with Bioeq for US rights to Nufymco; USFDA approves BLA on Dec 18, 2025.
- Adani Ports completes acquisition of NQXT Australia; raises FY26 EBITDA guidance to ₹22,350–23,350 Cr and cargo volume outlook.
- GNFC awards ₹3.6 billion contract to Toyo Engineering for Ammonium Nitrate-II plant.
- Coal India receives in-principle approval for listing of Mahanadi Coalfields and South Eastern Coalfields.
- Deepak Fertilisers group entities receive multiple tax demand orders aggregating over ₹1 billion.
- Shakti Pumps receives LoE for 12,883 off-grid DC solar pumping systems worth ₹356.77 crore.
- L&T wins major contract valued between ₹5,000–10,000 crore.
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