✈️ Adani–Embraer sign aviation manufacturing MoU
Your daily dose of business news
🗞️ Markets bounce back on bank and metal buying
Indian stock markets rebounded as investors bought banking and metal stocks amid optimism over progress in India–EU free trade talks.
💬 Expert Take — “FTA-led export optimism combined with domestic earnings resilience is driving selective risk-on sentiment, particularly in cyclicals.”
🗞️ Tata Consumer Products Q3 profit rises 38%
Tata Consumer Products reported a 38% year-on-year jump in Q3 net profit to ₹385 crore, aided by steady demand and margin expansion.
🗞️ Vedanta to sell up to 1.6% stake in Hindustan Zinc
Vedanta plans to divest up to 1.6% stake in Hindustan Zinc via an offer-for-sale to strengthen liquidity and balance sheet flexibility.
🗞️ Adani Group and Embraer sign aviation manufacturing MoU
Adani Group and Embraer have signed an MoU to explore aviation manufacturing and industrial cooperation in India, aligned with the Make in India push.
💬 Expert Take — “This partnership signals India’s ambition to move up the aviation value chain beyond assembly into manufacturing and exports.”
🗞️ Axis Bank shares jump 4% after Q3 results
Axis Bank shares rose over 4% following its Q3 performance, reflecting investor confidence in asset quality and growth outlook.
🗞️ Bank unions to strike nationwide on January 27
Bank unions have announced a nationwide strike on January 27, demanding a five-day work week and other service conditions.
🗞️ Five firms selected under PLI white goods scheme
PLI White Goods Scheme has selected five companies, with projected production expected to reach $937 million, supporting domestic manufacturing.
🗞️ WEF to launch Centre for Fourth Industrial Revolution in India
World Economic Forum will set up one of its new Centres for the Fourth Industrial Revolution in India, focusing on emerging technologies and governance frameworks.
📊 Market Update
📈 Sensex: 81,857.48 ▲ 319.78 pts (+0.39%)
📈 Nifty 50: 25,175.40 ▲ 126.75 pts (+0.51%)
🪙 Gold (22K per gram): ₹14,845
🥈 Silver (per kg): ₹3,70,000 ▲ ₹10,000
Great roundup of Indian business moves today. The Adani-Embraer partnership really underscores how Indian conglomerates are shifting from just being service providers to actual manufacturing hubs. I've noticed similar moves in othr aerospace deals lately where the focus is less on assembly and more on integrated production. The real test will be how quickly they can scale up skilled labor for this kinda precision work.