🗞️ Daily Business Brief – MAY 10 2025
- Iran-US War Proposal Iran’s response to the US proposal to end the war has reportedly been sent to Pakistan acting as mediator; negotiations to focus on a permanent end to hostilities instead of a temporary ceasefire.
- Indian Consumer Spending Deloitte says Indian consumers are turning cautious on discretionary and big-ticket spending amid economic and geopolitical uncertainty.
- IMD Weather Alert IMD issued thunderstorm warning for northwest India with snowfall likely in hill states, while heatwave conditions continue across Gujarat and Rajasthan.
- Income Tax Department Updated FY26 ITR forms with stricter disclosure norms covering LTCG, F&O trading, buyback losses, foreign assets, and high-value transactions.
- Indian Shipping Sector Government extends subsidy support for Indian-flagged merchant shipping companies till FY31.
- Russia-Ukraine Conflict Putin says ready to meet Zelensky in Moscow or a third country for signing a final agreement; says conflict is nearing its end.
- TVS Motor expands global footprint with launch of TVS Ronin top variant in Sri Lanka.
- Amrutanjan Health Care added 44,000 new chemists and targets onboarding 100,000 chemists by September FY27.
- REC incorporates three new wholly owned subsidiaries under RECPDCL to focus on power transmission infrastructure.
- Brigade Hotel Ventures announces ₹1,000 crore Karnataka investment plan on the 10th anniversary of Grand Mercure Mysuru.
- Aptech secures ₹6 crore work order from a state government autonomous body.
- Meesho infuses ₹100 crore into subsidiary MPPL via rights issue to increase investment stake.
- India Private Capex private company investment rises 67% to ₹7.7 lakh crore led by manufacturing and services; CII seeks fuel excise rollback and MSME support.
- Korea & Taiwan Markets Korean earnings projected to grow 300% in 2026, compressing valuations to ~7x PE; Korea and Taiwan market caps now within 10% of India.
- Iran-Hormuz Tensions Iran threatens prolonged closure of Hormuz if Gulf nations support US-backed resolution.
- Punjab Industries Minister ED reportedly arrests Sanjeev Arora in alleged ₹100 crore fake GST case.
- Air India not planning layoffs but defers salary increments amid higher FY26 losses and challenging aviation environment.
- Ramkrishna Forgings expects stronger margins and export growth amid rising North America demand and traction in new product categories.
- JSW Steel declared preferred bidder for Pissurlem Mineral Block XV in Goa with final offer price of 118.10%.
- KIMS Hospitals signs 60-year lease for 2 acres in Amaravati to develop a 500-bed multi-speciality hospital.
- CreditAccess Grameen guides FY27 AUM growth of 20–25% with targeted ROE of 16–20% and diversified rural portfolio expansion.
- Tata Consumer Products board approves ₹160 crore investment for new 2,000 MT instant tea manufacturing facility in India.
- Reliance Communications confirms CBI seizure operation at Navi Mumbai headquarters while stating business operations remain normal.
- Power Finance Corporation subsidiary PFCCL incorporates two new SPVs for 400 KV transmission infrastructure projects in Maharashtra.
- JSW Infrastructure plans major container and logistics expansion projects with aggressive FY2030 cargo capacity target of 400 MTPA backed by ₹39,000 crore capex.
- Hyundai Motor India guides 8–10% domestic and export volume growth with EBITDA margins of 11–14%; plans ₹75 billion FY27 capex.
- NBCC India receives Odisha school infrastructure work orders worth approximately ₹252.8 crore.
- Coromandel International says EPS miss was due to delayed subsidy revisions and rising input costs; company aims to diversify away from regulated fertilizer business.
- Vijaya Diagnostic outlines ₹140–150 crore FY27 capex focused on fully automated Hyderabad laboratory.
- Ola Electric receives government certification for 4680 Bharat Cell powered S1 X+ 5.2 KWh scooter.
- ICICI Lombard General Insurance April premium rises 1.7% YoY to ₹36.54 billion, below industry growth average.
- Lupin warns of possible negative margin headwinds in US business operations.
- V-Mart Retail targets medium-term ROCE of 18–20% with benefits expected from recent warehouse, store, and LimeRoad investments.
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