🗞️ Daily Business Brief – MAY 12 2025
- FIIs & DIIs FIIs remained net sellers worth ₹1,959.39 crore while DIIs were net buyers worth ₹7,990.32 crore in equities today (provisional).
- BRICS Meeting India to host BRICS foreign ministers’ meeting in Delhi on May 14–15.
- Groww YC Holdings, Peak XV Partners, Ribbit Capital & Ribbit Cayman sold 4.7% stake worth ₹5,326 crore via block deal.
- Vodafone Idea Board to consider Q4 results and fund-raising proposal on May 16.
- Choice International NCLT Mumbai approves amalgamation scheme for merger of step-down subsidiary Choice Wealth into Arete Capital Service.
- Texmaco Rail & Engineering secured export order worth $430.57 million (~₹4,045 crore) from Tsiko Africa Logistics and Barberry Holdings.
- Nazara Technologies CEO Nitish Mittersain says strategic acquisitions of Bluetile and Bestplay expected to drive scale in FY27.
- Iran-US Developments CNN reports final decision on Iran war strategy unlikely before President Trump’s China visit.
- PNC Infratech executed settlement agreement with NHAI for ₹234.99 crore under the ‘Vivad Se Vishwas II’ scheme.
- Copper Prices Copper prices surged to $14,000 per ton on the LME, nearing record highs.
- N R Agarwal Industries upgraded multilayer board project capacity to 1,500 TPD and revised project cost to ₹1,500 crore.
- Ethanol Blending India may soon raise ethanol blending in petrol to 25% to reduce oil imports and support cleaner fuel usage.
- US-Iran Talks Trump says the US is in direct communication with Iranian officials and is not in a hurry to reach an agreement.
- US Defense Secretary says Iran ceasefire agreement remains in effect despite recent tensions and exchanges of fire.
- Nitco secured additional marble order worth ₹66.65 crore from Prestige Estates projects.
- Interarch Building Solutions secured new order worth approximately ₹102 crore.
- Puravankara wholly owned subsidiary Starworth Infrastructure secured ₹57.81 crore contract for Westin Hotel project in Whitefield, Bengaluru.
- Dr Reddy’s Laboratories plans to launch oral and injectable semaglutide across multiple markets.
- Rail Vikas Nigam (RVNL) emerged as L1 bidder for South East Central Railway project worth ₹221.33 crore in Bilaspur division.
- US Inflation Data US CPI inflation rose to 3.8% YoY in April, highest in three years, driven by higher gas, shelter, and food prices.
- US Core CPI Core CPI rose 2.8% YoY in April versus 2.6% previous and 2.7% estimate.
- Dr Reddy’s Laboratories to launch semaglutide in Canada and semaglutide tablets in India within the next few days.
- Torrent Power plans to raise up to ₹10,000 crore via non-convertible debentures through private placement.
- Amagi launched major Cloudport platform upgrade enabling 100+ concurrent feeds, 99.999% resiliency, and 70% faster playlist publishing.
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