🗞️ Daily Business Brief – MAY 11 2025
- FII/DII Data FIIs net sold ₹8,437.56 crore in equities while DIIs net bought ₹5,939.65 crore on a provisional basis.
- Groww PeakXV, YC Holdings, Ribbit VC & Sequoia Capital likely to sell stake via block deal at ~8.5% discount to current market price.
- Ather Energy Rizta family scooter crossed 3 lakh sales within two years; contributed 76% of FY26 sales volumes.
- Government of India Clarified there is no shortage of petroleum products; India currently has 60 days crude oil stock, 60 days natural gas and 45 days LPG rolling stock.
- Oil Marketing Companies (OMCs) Q1FY27 losses may wipe out entire FY26 profit due to LPG under-recoveries, according to sources.
- Jewellery Stocks Stocks declined sharply after PM Modi called for reduced gold purchases; Titan fell 7%.
- SBI Extended losses and declined nearly 11% over two trading sessions.
- Vodafone Idea Shares surged over 8% after Vodafone PLC announced restructuring of its holding.
- April Mutual Fund Data Total AUM rose to ₹81.92 lakh crore versus ₹73.73 lakh crore MoM.
- Large Cap Funds Recorded inflows of ₹2,524.6 crore in April.
- Small Cap Funds Recorded inflows of ₹6,885.9 crore in April.
- Midcap Funds Recorded inflows of ₹6,551.4 crore in April.
- Bharat Forge Named as supplier for forged raw materials by Embraer in first such India sourcing deal.
- Gold & Silver Imports Senior government official said no import restrictions are currently under consideration.
- India-US Trade Talks US team expected to arrive for next BTA talks; discussions likely to include Section 301-related issues.
- Cyient Semiconductors Launched India’s first GaN power IC family leveraging Navitas technology.
- UPL Q1FY27 revenue growth guidance set at 10–14% while EBITDA growth guidance stands at 14–18%.
- ACME Solar Holdings Incorporated wholly owned subsidiary ACME Greentech Twenty One to expand green energy operations.
- HG Infra Engineering Secured ₹3,931.11 crore LOA for 6-lane Pune-Shirur highway corridor project in Maharashtra.
- Paradeep Phosphates Plan to double phosphoric acid capacity to 1 MMTPA remains on track; Phase 1 expansion targeted for FY27 commissioning.
- Premier Energies Company and Syrma SGS terminated proposed JV to acquire K-Solare Energy.
- LTM Launched SAP-centric AI-powered platform for autonomous enterprise operations.
- HFCL Won export orders worth $19.32 million (~₹183.95 crore) for optical fiber cable supplies.
- Bharat Forge Secured long-term contract from Embraer for manufacturing landing gear forgings.
- Graphite India Increased stake in NYSE-listed GrafTech International through secondary market transactions worth ₹62.25 crore.
- Afcons Infrastructure Selected as most suitable bidder for €677.07 million railway rehabilitation & construction project in Europe.
- Shyam Metalics Approved ₹2,700 crore capex for Kharagpur & Sambalpur expansion projects with commissioning targeted by March 2029.
- Waaree Energies Evaluating U.S. solar cell manufacturing facility and plans to expand U.S. solar module capacity to 4.5 GW within six months.
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