Tuesday, 25 February 2025

25 February 2025 News

25th February 2K25

Business Standard

๐Ÿ“ Citigroup upgrades Indian stocks from neutral to overweight, sours on Asean
๐Ÿ“ Retail inflation eases to 4.61% for farm workers, 4.73% for rural labourers
๐Ÿ“ Defence Ministry forms high-level panel to speed up Tejas jet deliveries
๐Ÿ“ CEAT Specialty expands globally, targets 70-30 export-domestic split
๐Ÿ“ India's IT sector must revamp biz, create own language models: HCLTech CEO
๐Ÿ“ Indorama Ventures to buy minority stake of 25% in EPL from Blackstone
๐Ÿ“ DBS Bank to cut 10% workforce in 3 years as AI transforms operations
๐Ÿ“ Qualcomm brings Snapdragon X platform to India for more affordable AI PCs
๐Ÿ“ India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom
๐Ÿ“ Several APAC economies like India, Korea could face higher US tariffs: S&P
๐Ÿ“ India Inc revenue to grow 7-8% in Q4 on demand revival, govt spend: ICRA

Economic Times

๐Ÿ“ Indiaโ€™s IT industry to hit $300-billion revenue mark in FY26: Nasscom report
๐Ÿ“ India-UK FTA: Immigration has never been a part of trade negotiations, says Piyush Goyal
๐Ÿ“ Apple plans Texas factory for AI servers, 20,000 research jobs
๐Ÿ“ Dabur India plans to invest Rs 550 crore in Madhya Pradesh
๐Ÿ“ Parle, Rasna anticipate double-digit growth this summer season
๐Ÿ“ Hindalco to invest Rs 15,000 cr in Madhya Pradesh to expand aluminium smelting capacity
๐Ÿ“ Indiaโ€™s GCC sector surges: 24 centres cross $1 bn revenue, on path for further growth
๐Ÿ“ India sets strategic path for AI growth with nuclear energy investments
๐Ÿ“ India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says
๐Ÿ“ 26% equity mutual funds outperformed respective benchmarks in January
๐Ÿ“ Ashok Leyland targets โ‚น2,000 crore in savings with focus on leaner financial structure and profit growth

Mint

๐Ÿ“ Railways will achieve 100 pc electrification in FY26: Ashwini Vaishnaw
๐Ÿ“ Maruti Suzuki to launch three more EVs after e Vitara, aims 50% market share
๐Ÿ“ India's manufacturing slump prompted February rate cut, says RBI rate panel's Kumar
๐Ÿ“ Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
๐Ÿ“ Canadian banks expected to build reserves to cushion tariff uncertainty
๐Ÿ“ Byjuโ€™s insolvency: NCLT approves new resolution professional
๐Ÿ“ Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
๐Ÿ“ ICICI Prudential Mutual Fund buys fresh shares of Motherson Sumi Wiring India
๐Ÿ“ Bharat Forge Arm Kalyani Powertrain collaborates with AMD to enter the Indian server market
๐Ÿ“ Amid global risks, Indian retail investors increase allocation to bonds, FDs
๐Ÿ“ EaseMyTrip to invest โ‚น200 cr for manufacturing electric buses in MP, says CEO.
.
โ„น๏ธ ๐— ๐—”๐——๐—ฅ๐—”๐—ฆ ๐—›๐—œ๐—š๐—› ๐—–๐—ข๐—จ๐—ฅ๐—ง ๐—œ๐—ก ๐—ง๐—›๐—˜ ๐—–๐—”๐—ฆ๐—˜ ๐—ข๐—™ ๐— ๐—ฒ๐˜๐—ฎ๐—บ๐—ผ๐—ฟ๐—ณ ๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ถ๐—ผ๐—ฟ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐——๐—ฒ๐˜€๐—ถ๐—ด๐—ป๐—ฒ๐—ฟ๐˜€ ๐—ฃ๐˜ƒ๐˜. ๐—Ÿ๐˜๐—ฑ ๐—ฆ๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐Ÿณ๐Ÿฐ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—–๐—š๐—ฆ๐—ง ๐—”๐—ฐ๐˜, ๐Ÿฎ๐Ÿฌ๐Ÿญ๐Ÿณ

โœ…The petitioner challenged the order dated 25.04.2024, alleging a lack of sufficient opportunity to file a reply and attend a personal hearing. 

โœ…Despite submitting a reply in Form DRC-06 on 15.02.2024, the respondent issued Reminder Notice No.3 on 22.04.2024, stating the reply was unclear and requiring a manual submission by 24.04.2024, with a hearing fixed on 23.04.2024. 

โœ…The petitioner became aware of the notice only after the hearing date had lapsed, leading to the impugned order being passed without due consideration.

โœ…The Court found that the respondent failed to provide a fair opportunity and should have issued a notice through RPAD or other accessible modes instead of merely uploading it online. 

โœ…The rapid timelineโ€”notice on 22.04.2024, hearing on 23.04.2024, reply submission by 24.04.2024, and order on 25.04.2024โ€”was deemed unreasonable.

โœ…๐—–๐—ผ๐˜‚๐—ฟ๐˜โ€™๐˜€ ๐——๐—ฒ๐—ฐ๐—ถ๐˜€๐—ถ๐—ผ๐—ป:

โœ…The impugned order dated 25.04.2024 is set aside.
โœ…The matter is remanded for reconsideration.
โœ…The petitioner may file a manual reply within two weeks.
โœ…The respondent must provide a 14-day notice for a personal hearing and decide the matter per law.
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Monday, 17 February 2025

17 February 2025 News

17th February 2K25

Business Standard
 
๐Ÿ“ Godrej Propertiesbought 12 land parcels in Apr-Dec 2024: Pirojsha
๐Ÿ“ Private equity funds turn to platform models for scalable growth in India
๐Ÿ“ Indian startup unicornsgrow far beyond IIT, IIM, and ISBs: Study
๐Ÿ“ RBI curbs on New India
Co-op Bank: Deposit insurance offers silver lining
๐Ÿ“ Proposed India-US BTA:US may ask for more access to agri products, ethanol
๐Ÿ“ RIL to appeal against Delhi HC order on gas dispute in Supreme Court
๐Ÿ“ PMI Electro Mobility secures Rs 250 crore funding for strategic EV growth
๐Ÿ“ Samsung India plant standoff set to intensify amid worker protests
๐Ÿ“ PSU NBFCs reissue bonds in Feb as fundraising limit reached for FY25
๐Ÿ“ Private hospitals to expand bed capacity, focus on oncology in FY26

Economic Times
 
๐Ÿ“ India's wearable devicemarket declined in 2024 for the first time, shows IDC data
๐Ÿ“ HFCL eyes growth from overseas sales, sets Rs 10,000-cr revenue target
๐Ÿ“ Assam govt to set upmega industrial park in Morigaon
๐Ÿ“ AI startup Ikonz Studios secures funding led by industry veteran Marc Jordan
๐Ÿ“ Reliance, BP losedecade-old gas migration dispute
๐Ÿ“ India-US TRUST to drive economic cooperation, IMEC framework to boost infra collaboration: Experts
๐Ÿ“ Tencent's messaging app Weixin launches beta testing with DeepSeek
๐Ÿ“ Hero MotoCorp eyes double-digit revenue growth next fiscal: CFO
๐Ÿ“ Standard Chartered gets RBI nod to appoint PD Singh as India CEO
๐Ÿ“ Pick up in private capex to improve loan growth from H2FY26: Report
 
Mint
 
๐Ÿ“ AeronauticalDevelopment Agency, Mishra Dhatu sign MoU for high-strength steel
๐Ÿ“ India better placed than Asian peers for Japanese FDI: Deloitte Japan CEO Kimura
๐Ÿ“ NHPC to list green energy arm by FY27, eyes 20 GW pumpedstorage capacity
๐Ÿ“ Madhya Pradesh's new logistics policy will improve supply efficiency, attract investors: Yadav
๐Ÿ“ Trump administrationcuts reach FDA employees in food safety, medical devices and tobacco products
๐Ÿ“ Auto and chemical sectors lead in quality certifications: CII study
๐Ÿ“ Syama Prasad Mookerjee Port plans to lease land for eco-wellness hub.

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Tuesday, 11 February 2025

11 February 2025 News

11th February 2K25

Business Standard

๐Ÿ“ US tariffs will not impact Indian steel industry much: Steel Secy
๐Ÿ“ Rolls-Royce to double sourcing from India over the next five years
๐Ÿ“ Smartworld Developers awards Rs 532 cr contract to Varindera Constructions
๐Ÿ“ Govt bond yields edge higher as investors grapple with policy setback
๐Ÿ“ Venturi Partners invests $25 million in affordable footwear brand JQR
๐Ÿ“ IHCL to invest Rs 2,500 crore to develop new 330-room property in Mumbai
๐Ÿ“ Anil Ambani's R-Infra settles dispute with CPL for Rs 6,503 crore
๐Ÿ“ Boeing signals more orders needed before setting up assembly line in India
๐Ÿ“ GAIL revives plan to buy US LNG as Trump ends ban on export permits
๐Ÿ“ Action against banks, NBFCs if they violate gold auction norms: Sitharaman
๐Ÿ“ LNG buyers including IOC negotiate US deals ahead of PM Modi-Trump summit
๐Ÿ“ Juniper Green Energy secures $1 billion fund in phased debt financing

Economic Times

๐Ÿ“ Due diligence of qualified bidders for IDBI Bank underway: MoS Finance
๐Ÿ“ PNC Infratech eligible to bid for new projects as MoRTH lifts restrictions
๐Ÿ“ Nokia names Intel's AI head to replace CEO
๐Ÿ“ Kalpataru inks 7.5-acre Mumbai redevelopment deals with Rs 2,000 cr revenue
๐Ÿ“ Peak XV Partners trims 1% stake in SaaS firm Freshworks for $51.5 million
๐Ÿ“ Baldota Group to set up Rs 54,000 crore integrated steel plant in Karnataka
๐Ÿ“ Tata Boeing Aerospace delivers 300 AH-64 Apache fuselages manufactured in Hyderabad facility
๐Ÿ“ Reliance enters sports drinks market with 'Spinner' priced at Rs 10
๐Ÿ“ Biovet gets CDSCO nod for lumpy skin disease vaccine
๐Ÿ“ Bhanushali Studios appoints Neeraj Vyas as CEO to drive expansion
๐Ÿ“ Sanofi launches Rezurock against chronic Graft-versus-host disease in India
๐Ÿ“ Glenmark, Cosmo get MHRA nod for acne treatment medication

Mint

๐Ÿ“ India's branded hotel rooms inventory to cross 300,000 by 2029: Report
๐Ÿ“ Delhivery expects rapid commerce business to generate โ‚น80-100 crore
๐Ÿ“ Larsen & Toubro bags Oman railway facility contract
๐Ÿ“ NCLT asks BCCI to seek creditors' nod for โ‚น158 crore Byjuโ€™s settlement
๐Ÿ“ Mistral and Helsing join forces to advance AI in military technology
๐Ÿ“ USD 100 bn FDI commitment under trade pact with EFTA can catalyse USD 400-500 bn investment: Goyal
๐Ÿ“ Peopleโ€™s drugs booster: Jan Aushadhi to add 10,000 stores by FY27
๐Ÿ“ Four listed REITs Q3 distribution to unitholders rises 17 pc to โ‚น1,505 cr
๐Ÿ“ GST evasion of โ‚น1.88 lakh cr detected by CGST officers during April-Dec 2024
๐Ÿ“ Varun Beverages Dec qtr profit up 36% to โ‚น196 crore
๐Ÿ“ Berger Paints to focus on sustainable growth, open to acquisitions: Chairman
๐Ÿ“ GenAI to boost India's IT industry's productivity by up to 45%, EY India survey shows

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Monday, 10 February 2025

10 February 2025 News

10th February 2K25

๐Ÿ“ LIC shares in focus after Q3 PAT jumps 15% YoY to Rs 11,009 crore
๐Ÿ“ Banks still facing deposit issues; only buying power financiers in BFSI
๐Ÿ“ L&T Finance shares in focus on entry in gold loan business with Rs 537 crore acquisition
๐Ÿ“ Bajaj Auto shares in focus as company plans e-rickshaw entry by fiscal year-end
๐Ÿ“ Trade between India, France has increased slightly to $20 billion, primarily focused on defence and aerospace
๐Ÿ“ France to invest 109 billion euros in AI
๐Ÿ“ Dollar gains on Trump tariff threats, euro near 2-year low
๐Ÿ“ PM Modi to meet Trump with planned tariff concessions
๐Ÿ“ Japanese investors plan to double stake in AG&P Pratham
๐Ÿ“ Banks breathe easy as RBI goes soft on provisioning, LCR rules
๐Ÿ“ Electronics companies tap global talent to power up India's component show
๐Ÿ“ India offers tax relief for foreign tech experts to boost electronics sector growth
๐Ÿ“ Tax cuts to boost consumption, recovery in urban markets
๐Ÿ“ Zaggle Q3 profit jumps 30% to Rs 19.7 crore; Revenue rises
๐Ÿ“ Monetary easing helps, yet mkts take their cue from earnings
๐Ÿ“ RBI opens NDS-OM platform for stock brokers to boost retail participation
๐Ÿ“ Aadhar Housing shares gain 5% on posting healthy Q3 results; PAT up 17%
๐Ÿ“ Godrej Industries Q1 results: Profit up 81% at Rs 322 cr on higher income
๐Ÿ“ Nykaa Q1FY25 results: Net profit jumps to Rs 14 crore, revenue up 23%
๐Ÿ“ OYO Q3 results: PAT rises nearly 6 times to Rs 166 cr, revenue up 31%
๐Ÿ“ UK-based Bupa likely to increase stake in Niva Bupa Health Insurance
๐Ÿ“ Electric vehicles may be about 20% of Honda's wo-wheeler sales by 2030
๐Ÿ“ Tata Sons' CSR money may go to Ratan Tata endowment trust, foundation
๐Ÿ“ Razorpay marks 10 years, targets about $400 billion in TPV by 2030
๐Ÿ“ Wabag bags Rs 3,251 crore sewage treatment plant order in Saudi Arabia
๐Ÿ“ Finance ministry no to public sector banks taking haircut on MTNL loans
๐Ÿ“ Tariff risks to weigh on Indian rupee, bonds to track US inflation data
๐Ÿ“ Govt urges retailers to align prices of pulses with falling mandi rates
๐Ÿ“ Projects worth Rs 58,000 crore get support of agri-infra fund
๐Ÿ“ Govt, RBI will work together for growth: Finance Minister
๐Ÿ“ Rs 1000 crore credit guarantee scheme for farmers to be rolled out in a month
๐Ÿ“ Over 97% Religare shareholders reject Salujaโ€™s reappointment
๐Ÿ“ CPSE dividend receipts reach 91% of FY25 target
๐Ÿ“ M-cap of six top-10 valued firms jumps Rs 1.18 lakh crore; Reliance remains top valued
๐Ÿ“ FPIsโ€™ incessant selling continues; withdraw Rs 7,300 crore from equities in a week
๐Ÿ“ FBI warns US smartphone users to delete suspicious texts amid toll scam alerts
๐Ÿ“ Hiranandaniโ€™s Yotta Data Services files application with SEC to list in US.

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Friday, 7 February 2025

7 February 2025 News

7th February 2K25

Business Standard

๐Ÿ“ Monthly natural gas trades shoot up nearly 4x in January, says IGX
๐Ÿ“ ArcelorMittal Dec qtr results: Loss trims to $390 mn, production at 14 MT
๐Ÿ“ REC Q3 results: PAT grows 23% to Rs 4,076 cr, income at Rs 14,286.91 cr
๐Ÿ“ India ranks third globally for LEED green building certification in 2024
๐Ÿ“ Lotte Wellfood to invest $300 mn in India for capacity, supply chain growth
๐Ÿ“ India's push for self-reliance in palm oil gets a boost with NMEO-OP
๐Ÿ“ HCLTech partners with ChargePoint to drive EV charging technology
๐Ÿ“ Prism Johnson Dec qtr results: Net profit at Rs 48.12 cr, sales up 6%
๐Ÿ“ IHH Healthcare's unit seeks up to $1.25 bn from Daiichi over Fortis deal
๐Ÿ“ IndiGo to lease Boeing 787-9 from Norse Atlantic for long-haul expansion
๐Ÿ“ Tata Power, Bank of Baroda ink pact for financing rooftop solar projects
๐Ÿ“ Interarch bets big on South India; eyes 10% rise in revenue in FY26

Economic Times

๐Ÿ“ Trent bets on 'direct-to-customer' fast-fashion business model despite quick comm's meteoric rise
๐Ÿ“ India, UK join hands to shape green hydrogen standards
๐Ÿ“ Honeywell, one of the few remaining US industrial conglomerates, will split into three companies
๐Ÿ“ Trent to sell stake in Massimo Dutti India venture
๐Ÿ“ Swiggy management confident of EBITDA profitability by Q3 FY26
๐Ÿ“ BluePine Energy, Amazon sign PPA for 99 MW renewable energy project
๐Ÿ“ Steel sector leads with half of Jharkhand's Rs 26,000 cr investment proposals during Bengal biz meet
๐Ÿ“ Private sector banks set to generate Alpha in 2025: Radhika Gupta
๐Ÿ“ Vehicle registrations rise 6.6% in Jan, indicating sustained recovery in consumer demand: FADA
๐Ÿ“ China commerce ministry says US tariffs 'vile', 'unilateralist'
๐Ÿ“ More accommodative stance for NBFCs, banks needed in RBI monetary policy: HSBC

Mint

๐Ÿ“ SBI Q3 Results: Net profit jumps 84% YoY to โ‚น16,891 crore; NII up 4%
๐Ÿ“ Bharat Dynamic Q3 net profit rises 9% to โ‚น147 crore; declares dividend of โ‚น4
๐Ÿ“ Volvo Cars will not pay Northvolt for battery joint venture stake, it says
๐Ÿ“ EPFO settles record 5-cr claims worth over โ‚น2 lakh cr in FY25
๐Ÿ“ Rural growth surges in FMCG sector in Dec qtr, outpaces urban market for fourth consecutive quarter
๐Ÿ“ High court allows Kirloskar Proprietary to become plaintiff in trademark case
๐Ÿ“ PVR INOX Q3 net profit jumps nearly 3-fold to โ‚น35.9 cr, revenue up 11 pc at โ‚น1,717.3 cr
๐Ÿ“ Part shifting of customs duty to AIDC to have marginal impact on state transfers: CBIC Chairman
๐Ÿ“ India can be a global hub for wind turbines: Suzlonโ€™s Girish Tanti
๐Ÿ“ Redington Ltd clocks Q3 profit after tax at โ‚น402.96 cr
๐Ÿ“ Mauritius-based FII trims India Cements shareholding

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Saturday, 1 February 2025

1 February 2025 News

1st February 2K25

๐Ÿ“ Aadhaar authentication extended to private entities
๐Ÿ“ ONGC Q3 net profit falls 19% YoY to Rs 8,622 cr; Rs 5 per share dividend announced
๐Ÿ“ Karnataka Bank Q3 results: Profit falls 14% to Rs 284 crore
๐Ÿ“ RBI does dollar/rupee swap for $5 billion, injects liquidity
๐Ÿ“ Rupee dips to record low, lags regional peers in Jan as headwinds persist
๐Ÿ“ India's forex reserves up by $5.5 billion at $629.55 billion as of January 24, 2025
๐Ÿ“ Sebi mulls combo product of term life insurance and MFs for investors
๐Ÿ“ Startups raise $1.13 billion in January, up 90% on-year
๐Ÿ“ Good Glamm Group looks to raise Rs 250 crore amid financial challenges
๐Ÿ“ Vedanta Q3 FY25 results: Net profit rises 76.2% to Rs 3,547 crore
๐Ÿ“ Sun Pharma Q3FY25 results: Net profit soars 15%, revenue up 10.5%
๐Ÿ“ PNB Q3FY25 results: Net profit rises 102% to Rs 4,508 cr, NII up 7.2%
๐Ÿ“ India's January Russian crude oil purchases surge despite sanctions
๐Ÿ“ Fiscal deficit for April-Dec at 56.7% of full-year target, shows data
๐Ÿ“ Insurance sector gets over 62% of $5.7 bn services sector FDI inflows in H1
๐Ÿ“ Sebi proposes UPI safeguards to prevent fraud in market transactions
๐Ÿ“ IMD forecasts warm Feb; above-normal temperatures may hit wheat crop
๐Ÿ“ Key infra sectors' growth slows to 4% in Dec 2024, shows govt data
๐Ÿ“ Mumbai sees highest Jan property registrations in 13 years: Knight Frank
๐Ÿ“ Intel's quarterly revenue tops estimates as investors await new CEO
๐Ÿ“ Marico profit up 4.2% amid rising input costs
๐Ÿ“ GHCL reports slight drop in revenue, 69% rise in consolidated net profits for Q3 FY25
๐Ÿ“ Nestlรฉ Indiaโ€™s Q3 profit up 4.94% at Rs 688.01 cr, revenue rises marginally on moderate consumption; dividend declared
๐Ÿ“ India, US in talks to schedule an early visit for PM Modi to the United States: MEA
๐Ÿ“ Sugar output may drop 15 pc to 27-27.2 MT this season: ISMA, NFCSFL
๐Ÿ“ Biocon Biologics sees insulin demand growing across markets, says CEO Tambe
๐Ÿ“ Zydus Takeda Healthcare marks 25 years of manufacturing operations in India
๐Ÿ“ Chinaโ€™s property sector retreats into state hands
๐Ÿ“ India bond yields a tad up before budget, 10-year yield posts monthly decline
๐Ÿ“ Inox Wind Energy Q3 Results: Co posts โ‚น38.80 crore profit vs YoY loss
๐Ÿ“ Bandhan Bank Q3 Results: Net profit tanks 42% YoY to โ‚น426 crore; NII up 17%.

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Friday, 31 January 2025

31 January 2025 News

31st January 2K25

๐Ÿ“ Mukesh Ambaniโ€™s RIL acquires 49% stake in 31st January 2K25
๐Ÿ“ RBI purchases bonds via OMO, while managing market sentiments
๐Ÿ“ Sebi issues guidelines for performance evaluation of market infra institutions, statutory committees
๐Ÿ“ Bank of Baroda Q3 Results: Profit rises 6% to Rs 4,837 crore
๐Ÿ“ Jindal Steel Q3 Results: Profit halves to Rs 951 crore on weak steel prices
๐Ÿ“ Nokia India Dec quarter sales up 22% at Rs 4,177 crore
๐Ÿ“ Airtel Africa Q3 net jumps over 11-fold on-yr to $169 mn on $94-mn exceptional gain, lower finance costs
๐Ÿ“ SaaS startup SuperOps raises $25 million from March Capital, Addition, Z47
๐Ÿ“ Spiritual and devotion platform Utsav raises Rs 6.35 crore in round led by Equanimity Investments
๐Ÿ“ Drone startup BonV Aero secures funding from Unicorn India Ventures

*Business Standard*

๐Ÿ“ Bajaj Finserv Q3FY25 results: Net profit rises 3% to Rs 2,231 crore
๐Ÿ“ Gail Q3 results: Consolidated net profit up 27.7% to Rs 4,081 crore
๐Ÿ“ Zepto introduces instant returns, exchange feature for select products
๐Ÿ“ In a bid to revamp ITIs, skill ministry de-affiliates 449,000 seats
๐Ÿ“ UP receives Rs 1 trn investment proposals in hospitality sector in 2 years
๐Ÿ“ Chhattisgarh to grab bigger piece of NMDC's Rs 70,000 cr capex pie
๐Ÿ“ ARCs to see uptick in cumulative recovery rates in FY25 and 26: Crisil
๐Ÿ“ Nifty set to record fourth monthly fall in a row, first in 23 years
๐Ÿ“ Samara-backed medical devices firm SMT, More Retail prepare for IPOs
๐Ÿ“ Sebi sets rules to differentiate educators from financial influencers
๐Ÿ“ Indian food services market projected to hit $144-152 bn by 2030: Report
๐Ÿ“ IBM beats profit estimates as AI shift boosts software performance

*Financial Express*

๐Ÿ“ Irdai caps annual health premium hikes for senior citizens at 10%
๐Ÿ“ Agriculture ministry urges states to get more GI tagged unique products
๐Ÿ“ Highway construction down 5.8% in April-December
๐Ÿ“ Urban monthly per capita expenditure highest in Telangana, Kerala tops in rural segment
๐Ÿ“ Tata Motors EV unit registers maiden profit

*Mint*

๐Ÿ“ India to build its own foundational AI model, calls for proposals
๐Ÿ“ ECB slashes rates for fifth time, signals more loosening in pipeline
๐Ÿ“ RITES eyes high value export orders in Bangladesh, Mozambique, South Africa
๐Ÿ“ Indiaโ€™s power generation grows 5.4% in FY25 on higher demand
๐Ÿ“ Govt to fund private research on early fraud warning, use of IPO funds
๐Ÿ“ Tata Consumer Products Q3 Results: Net profit drops 5% YoY to โ‚น300 crore
๐Ÿ“ Waaree Energies Q3 Results: Net profit surges 260% YoY to โ‚น507 crore.
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========>
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๐Ÿ“ UPI dominates digital payments, sees explosive growth over five years
๐Ÿ“ RBI dissolves Aviom Housing board, to initiate IBC process
๐Ÿ“ Sammaan Capital raises $150 million through QIP; Capital Group, Marshall Wace and BlackRock top investors
๐Ÿ“ 360 One Wealth acquires Batlivala & Karani Securities for Rs 1884 crores
๐Ÿ“ Federal Bank Q3 Results: Net profit declines 5% to Rs 955 crore despite record PPoP
๐Ÿ“ Indian Oil's Q3 profit down 64% on inventory, LPG losses
๐Ÿ“ 147 startups incubated by IIT Delhi in 2018-24; life sciences, emerging tech among others take lead
๐Ÿ“ Logistics startup Shadowfax acquires CriticaLog
๐Ÿ“ UltraTech in advanced talks to acquire HeidelbergCement in Rs 3,381 cr deal
๐Ÿ“ The Body Shop eyes Rs 1,100 crore revenue in India within 3-5 years
๐Ÿ“ JSW group forays into copper mining with Rs 2,600 crore investment
๐Ÿ“ Bank of India targets 35% share in MCLR-linked credit in next 2-3 years
๐Ÿ“ Coal India Q3 results: Profit drops 17% to Rs 8,506 cr, dividend declared
๐Ÿ“ Canara Bank Q3 results: Profit rises 12.25% to Rs 4,104 cr, NII down 3%
๐Ÿ“ Astrome Tech raises $10 mn to accelerate wireless connectivity innovation
๐Ÿ“ Nagpur startup ErlySign develops 15-minute saliva test for oral cancer
๐Ÿ“ RBI's Rs 1.5 trillion liquidity booster raises Feb rate cut hopes
๐Ÿ“ Govt invites applications for Sebi chief post as Buch's term ends on Feb 28
๐Ÿ“ CIBIL flags risks of stress spreading from unsecured to secured loans
๐Ÿ“ India's port cargo rises 3.2% in December on higher container volumes
๐Ÿ“ Projects worth Rs 10 lakh crore unveiled at UP investor summit on track: Minister
๐Ÿ“ Swiggy, Zomato operationalise new payments methods on their apps
๐Ÿ“ Emamiโ€™s Q3FY25 results: Domestic business soars 9%, PAT up 8%
๐Ÿ“ Adani Wilmar posts 2X profit growth in Q3 at Rs 410.93 crore on demand for edible oil
๐Ÿ“ ACC Q3 Results: Profit surges by 103.06% to Rs 1,091.79 crore, posts volume growth of 21% YoY
๐Ÿ“ Petronet's Q3 net profit down 27% y-o-y to โ‚น866.59 cr
๐Ÿ“ 3.8 magnitude earthquake hits York Harbor, tremors felt in Boston and Portland
๐Ÿ“ Tata Steel Q3 results: Net profit tanks 43% to โ‚น295 crore, revenue drops 2.7%
๐Ÿ“ India to ditch privatisation plans, pour billions in state-run firms: Reuters
๐Ÿ“ Bajaj Housing Finance Q3 results: Net profit jumps 25% to โ‚น548 crore
๐Ÿ“ Pakistan's central bank cuts benchmark interest rate for sixth straight meeting
๐Ÿ“ TCI Q3 profit rises 27 pc to โ‚น102 crore on strong 3PL demand.
๐Ÿ“ Govt to invest nearly $2 billion to develop critical minerals sector
๐Ÿ“ Luxury residential outlook survey 2025: 62% HNIs to buy property in 2 yrs
๐Ÿ“ Indian Oil faces decline in Russian oil imports in this fiscal year
๐Ÿ“ Square Yards Apr-Dec revenue up 46% to Rs 938 cr on better housing demand
๐Ÿ“ Bank of India targets 35% share in MCLR-linked credit in next 2-3 years
๐Ÿ“ Hyundai Q3 results: PAT falls 19% to Rs 1,161 cr, revenue at Rs 16,648 cr
๐Ÿ“ Exploring opportunities in branded residences: ITC Hotels MD Anil Chadha
๐Ÿ“ TVS Motor Q3 result: Net profit up 20% at Rs 609.35 cr on higher sales
๐Ÿ“ SpiceJet to re-induct grounded Boeing 737 Max aircraft fleet into ops
๐Ÿ“ Russia oil trade with China, India stalls as sanctions drive up costs
๐Ÿ“ Nakul Jain steps down as the Paytm Payments Services CEO
๐Ÿ“ PURE EV partners with BE Energy to launch battery reconditioning technology in India
๐Ÿ“ Hatsun Agro Product acquires Milk Mantra to expand presence in eastern India
๐Ÿ“ IndianOil chairman confident US sanctions on Russian oil will not impact India's energy security
๐Ÿ“ Microsoft's cloud growth in focus as doubts grow over AI spending
๐Ÿ“ Volkswagen India faced customs clearance delays over alleged tax evasion case, sources say
๐Ÿ“ Zepto completes domicile shift from Singapore to India
๐Ÿ“ MedMitra AI raises Rs 3 crore led by All In Capital, WEH Ventures
๐Ÿ“ Hindustan Zinc Q3 Results: PAT zooms 32% YoY to Rs 2,678 crore
๐Ÿ“ BoFA to appoint Mandar Donde as India Investment-Banking head
๐Ÿ“ Tata Projects to finish construction of Micron's semiconductor plant by year-end
๐Ÿ“ Alstom to supply traction components for ICFโ€™s Vande Sleeper trains
๐Ÿ“ 36% of Indian enterprises started budgeting for Gen AI: E&Y report
๐Ÿ“ Retail investors bought record $562 mn worth of Nvidia shares amid rout
๐Ÿ“ India's Cipla beats Q3 profit view as strong domestic demand offset weak US sales
๐Ÿ“ Union Budget: Infra sector calls for raised capex, sops for green projects, tax reforms
๐Ÿ“ Skoda looks to turn profitable in India this year: Official
๐Ÿ“ LVMH Sells Stella McCartney Stake Back to Founder After Downturn
๐Ÿ“ JSW Infra Q3 results: Net profit climbs 32% to โ‚น336 crore, EBITDA grows 20%
๐Ÿ“ Arkade Developers buys 4 acre land in Mumbai for โ‚น165cr; site currently leased to Filmistan
๐Ÿ“ Supply of homes priced below โ‚น1 cr falls 30 pc in 2024: PropEquity
๐Ÿ“ Google to fight $4.33 billion EU antitrust fine over Android
๐Ÿ“ Spiritual tourism on the rise in India, says Ritesh Agarwal, outlines Oyo's plan.
๐Ÿ“ LTTS signs $80 million multi-year deal with US-based manufacturer
๐Ÿ“ De Beers plans to open 15 Forevermark brand retail stores in India in 2025
๐Ÿ“ IFCI board Okays Rs 500 cr fund infusion via preferential issue of shares
๐Ÿ“ Ola set to unveil electric scooter based on Gen 3 platform on Jan 31
๐Ÿ“ Cabinet approves hike in ethanol procurement prices for state-run OMCs
๐Ÿ“ Edtech startup Leap raises $65 mn in Series E round led by Apis Partners
๐Ÿ“ MAS Financial Services Q3 results: Net profit jumps 25% to Rs 80.40 cr
๐Ÿ“ India's coffee exports likely to decline over 10% on lower production
๐Ÿ“ India needs fiscal policy changes for 6.4% GDP growth rate in 2025: Moody's
๐Ÿ“ Adani, JSW, investors eye Arshiya Ltd's assets amid insolvency process
๐Ÿ“ Maruti Suzuki approves reappointment of Hisashi Takeuchi as MD & CEO
๐Ÿ“ India's semiconductor market to grow at 13%, reach $103 bn by 2030: IESA
๐Ÿ“ Govt to formulate new MHADA policy to provide affordable housing: Dy CM Eknath Shinde
๐Ÿ“ Indian banks facing margin pressure amid high interest rate and declining loan growth: S&P Global
๐Ÿ“ Cabinet approves Rs 16,300 crore critical mineral mission
๐Ÿ“ Akasa Air well-capitalised, set to expand with new destinations: CEO
๐Ÿ“ Radisson Hotel Group says it added 300 new properties in 2024
๐Ÿ“ Triveni Turbine bags Rs 2.9 billion order from NTPC
๐Ÿ“ Indian Bank Q3 net profit surges 35 pc to Rs 2,852 cr
๐Ÿ“ Tata Steel becomes India's first to develop hydrogen transport pipes
๐Ÿ“ Accel, Prosus, Bessemer directors quit Good Glamm board amid cash crunch
๐Ÿ“ Messe Stuttgart India partners with Startup India for LogiMAT India 2025
๐Ÿ“ European coffee brand Coffee Island gets launched in India
๐Ÿ“ Govt revises quality control order to promote high-quality PV product
๐Ÿ“ ITC Hotels debuts on bourses; plans to expand portfolio to over 200 properties in 5 years
๐Ÿ“ Share of prepaid payment instruments falls 24% in past 2 years, shows RBI data
๐Ÿ“ JLR Owner Misses Profit Estimate Hurt by India Consumer Slowdown
๐Ÿ“ Brazil Central Bank Will Extend Interest Rate Hikes with Galipolo Fully in Charge
๐Ÿ“ Intel's CEO search in focus as chipmaker set to post lower revenue
๐Ÿ“ Maruti Suzuki Q3 result: Consolidated profit jumps 16% YoY
๐Ÿ“ Radico Khaitan Q3 Results: Net profit rises 27%, margins expand
๐Ÿ“ NCLT reinstates Glas Trust, Aditya Birla Finance as Byju's financial creditors
๐Ÿ“ India's TeamLease Services misses Q3 profit view as costs bite
๐Ÿ“ Logistics and sustainability hurdles challenge MSMEs in Indiaโ€™s apparel industry
๐Ÿ“ Mindspace REIT buys Hyderabad office space for โ‚น2,038 cr

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Monday, 27 January 2025

27 January 2025 News

27th January 2025

๐Ÿ“ India, Indonesia strengthen defence ties; BrahMos deal tops Modi-Subianto meeting  
๐Ÿ“ Apple eyes a new Bharat bond to get Kalyani Group on board for making its components  
๐Ÿ“ More sops for scrapping vehicles with BS-II: Govt  
๐Ÿ“ Loan disputes, mobile banking complaints up in FY24  
๐Ÿ“ Sebi launches digital knowledge repository Dharohar on Republic Day  
๐Ÿ“ Shreeji Shipping Global files draft papers with Sebi to raise funds via IPO  
๐Ÿ“ Plan afoot to allow farmers sell produce to consumers directly  
๐Ÿ“ Robust demand drives auto exports up 19%

๐Ÿ“ Tata Motors, Indian Oil Corp to drive first hydrogen truck pilot project  
๐Ÿ“ Piyush Goyal to visit Oman to push forward India-Oman FTA discussion  
๐Ÿ“ Parl panel reviews CCI's role amid Big Tech challenge to startups  
๐Ÿ“ Tractor sales fall 1.5% to 901,668 units in 2024; outlook bright for 2025  
๐Ÿ“ Global majors to power Tamil Nadu's Rs 42K crore green hydrogen hub  
๐Ÿ“ MSME industry bodies seek RBI support for easier priority sector lending  
๐Ÿ“ Google pushes agenda to educate workers on AI, plans $120 mn investment  
๐Ÿ“ China boosts index investments in latest measure to revive market  
๐Ÿ“ PLI scheme in the works to boost localisation of key telecom gear  
๐Ÿ“ Reserve Bank of India ombudsman resolves 95% of complaints in FY24

๐Ÿ“ Indiaโ€™s natural gas import bill up 20% in Apr-Dec  
๐Ÿ“ Power producers may face Rs 1,000-cr loss after CERC bars payment till plants begin operation  
๐Ÿ“ Conducive weather boosts prospects of robust wheat harvest  
๐Ÿ“ FPIs incessant selling continues; withdraw Rs 64,000 crore from equities in January  
๐Ÿ“ Equity mutual funds inflows soar to near Rs 4 lakh crore in 2024; outlook cautious for 2025 amid volatility  
๐Ÿ“ ITC Hotels files application with NSE, BSE for listing

๐Ÿ“ Everstone-backed Wingify looks to expand offerings, eyes $100 mn annual revenue  
๐Ÿ“ Asha workers identify 1 million children for MMR vaccination  
๐Ÿ“ India trips China for top position in emerging markets ranking in December  
๐Ÿ“ Oracle and Microsoft in talks to take over TikTok under Trump administration plan  

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Wednesday, 22 January 2025

22 January 2025 News

22nd January 2K25

๐Ÿ“ Banks' debt up by Rs 88k cr in last two weeks of 2024
๐Ÿ“ Essar Oil and Gas plans $275 mn overseas bond sale post-restructuring
๐Ÿ“ ICICI Prudential Q3 results: Cons PAT jumps 43% YoY to Rs 325 crore
๐Ÿ“ PNB Housing Finance Q3 Results: Net profit jumps 43% YoY to Rs 483 crore on strong home loan demand
๐Ÿ“ Lumino Industries files draft papers with Sebi to raise Rs 1,000-cr via IPO
๐Ÿ“ CCI clears merger of nine pharma entities with Sequent Scientific
๐Ÿ“ Postudio secures pre-seed funding led by Audacity VC
๐Ÿ“ Accel, Kae Capital lead $2.6 million funding in compliance management startup BPR Hub
๐Ÿ“ Quick service app Snabbit raises $5.5 million from Elevation Capital, Nexus Venture Partners
๐Ÿ“ Adani Energy bags โ‚น25,000 cr order
๐Ÿ“ Fintech Skydo receives in-principle approval to operate as PA-CB entity
๐Ÿ“ Reliance Industries signs MoU to invest Rs 645 cr in Vadhvan port project
๐Ÿ“ Aditya Birla Fashion and Retail completes fundraise of Rs 1,860 cr via QIP
๐Ÿ“ JSW Group signs MoU with Maharashtra to invest Rs 3 trillion in state
๐Ÿ“ JetSetGo enters urban air mobility mkt with new partnerships for air taxis
๐Ÿ“ IT major HCLTech expands its global delivery footprint in Hyderabad
๐Ÿ“ Aditya Birla Real Estate Q3 results: Revenue falls 16.7% to Rs 946.21 cr
๐Ÿ“ Jio Financial Services, BlackRock joint venture sets up broking unit
๐Ÿ“ Market regulator Sebi plans steps to curb grey mkt trading in IPOs
๐Ÿ“ South Indian Bank posts highest-ever quarterly profit of Rs 342 crore in Q3
๐Ÿ“ GAIL, BPCL to set up plants to produce compressed biogas in Chhattisgarh
๐Ÿ“ Govt extends duty-free import of tur by a year
๐Ÿ“ At โ‚น2.24-lakh crore, Rajasthan leads Q3 investments powered by energy projects
๐Ÿ“ InMobi eyes $400 million funding at $8 billion valuation
๐Ÿ“ PLI release for 6 sectors at Rs 1,596 crore in H1FY25
๐Ÿ“ Consumer firms pitch for measures to boost demand in Budget 2025
๐Ÿ“ Govt launches Diamond Imprest scheme to boost exports, protect domestic industry
๐Ÿ“ Draft e-commerce rules mandate KYC, detailed product listings
๐Ÿ“ India needs more oil, may scale up energy purchases from US: Puri
๐Ÿ“ Tanla Platforms Q3 results: Net profit falls 15% YoY to โ‚น118.51 crore
๐Ÿ“ India Cements Q3 results: Net profit rises to โ‚น122.3 crore; revenue falls 15%
๐Ÿ“ Euro Pratik files DRHP with SEBI to raise โ‚น730 cr via IPO
๐Ÿ“ FPIs extend selling streak to 12th session, January outflows top โ‚น50,000 crores
.
๐Ÿ“ Govt gears up to create ecosystem for high-end EVs
๐Ÿ“ Textiles allocation for FY26 may rise to Rs 5,080 cr
๐Ÿ“ Punjab & Sind Bank to raise Rs 2,000 cr via QIP this quarter: MD & CEO Swarup Kumar Saha
๐Ÿ“ Can Fin Homes Q3 net up 6% at Rs 212 crore
๐Ÿ“ Vinir Engineering Ltd files DRHP papers with Sebi for IPO
๐Ÿ“ Eyes on defence deals as Donald Trump pads up
๐Ÿ“ Digital Edge DC in talks to raise โ‚น2,400 cr for Mumbai project
๐Ÿ“ Pepsi, Tatas look to spice up snacks market
๐Ÿ“ Adani Energy Solutions' order book swells to Rs 54,700 cr
๐Ÿ“ JSW steel arm to raise โ‚น2.6k cr for Thyssenkrupp unit buyout
๐Ÿ“ Electronics manufacturing startup Grid OS raises $500,000 in round led by Anupam Mittal, All In Capital
๐Ÿ“ AM/NS India set to commission two auto steel lines at Gujarat unit
๐Ÿ“ Reliance Industries focuses on cost control in O2C segment in Q3FY25
๐Ÿ“ India's fraying Gulf oil ties get a fillip on US' sanctions on Russia
๐Ÿ“ Current environment conducive for private investments: CII survey
๐Ÿ“ VinFast readies India drive for export hub, plans first stop in Tamil Nadu
๐Ÿ“ Private sector banks' credit costs up in Q3FY25 on higher provisions
๐Ÿ“ Geological survey indicates presence of lithium in Odisha: GSI official
๐Ÿ“ India targets $250 bn of engineering exports by 2030, says Commerce Secy
๐Ÿ“ Maharashtra to UP, states draw battle lines to woo investors in Davos
๐Ÿ“ Govt set to meet target of 10,000 new FPOs in FY25
๐Ÿ“ ArcelorMittal Nippon Steelโ€™s two new output lines to boost auto biz
๐Ÿ“ Aadhar Housing Finance aims to grow AUM by 22%: MD
๐Ÿ“ Reliance steps up distribution push as FMCG vertical grows
๐Ÿ“ EPFO discusses pendency of applications for higher pensions
๐Ÿ“ Spending on rural housing scheme to fall short of BE by Rs 20,000-crore, FY26 outlay likely to be Rs 35,000 crore
๐Ÿ“ FPIs take out Rs 44,396 cr from equities in Jan amid weak earnings outlook, rising dollar
๐Ÿ“ Market valuation of six top firms falls by Rs 1.71 lakh cr; Infosys, TCS worst hit
๐Ÿ“ India to export 1 million tons of sugar amid rising ethanol demand and output concerns
๐Ÿ“ Electronics industry expects budget incentives to rev up local manufacturing
๐Ÿ“ India, EU lay roadmap to strengthen trade and investment
๐Ÿ“ Non-bank lenders form priority sector lendersโ€™ body to plug MSME loan shortfall
๐Ÿ“ UK Market Turbulence Pushes Mortgage Costs to Five-Month High
๐Ÿ“ NIXI announces launch of its Internet Governance Internship, Capacity Building Scheme
๐Ÿ“ Govt weighs โ€˜strategicโ€™ PSU tag for BHEL.
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๐Ÿ“ Agriculture ministry launches first-ever edible oil consumption survey
๐Ÿ“ Hyderabad's real estate sees robust growth in 2024 despite year-end dip
๐Ÿ“ India's cosmetic surgery market set to hit $11.5 billion by 2030
๐Ÿ“ Billionaire wealth soars three times faster by $2 trillion in 2024: Oxfam
๐Ÿ“ China's BYD to complete $1 billion Indonesia plant by year-end: Report
๐Ÿ“ EV sales must reach 50% by 2030 to achieve net zero goal: Bhupender Yadav
๐Ÿ“ Urja Mobility launches B2C battery leasing programme in 10 cities
๐Ÿ“ Tata Motors to continue spending Rs 2,000 cr per yr on new CVs, equipments
๐Ÿ“ Edtech firm BrightChamps acquires Edjust in a cash-and-stock deal
๐Ÿ“ Groww picks JPMorgan for IPO to raise $750 mn, may seek $7 bn valuation
๐Ÿ“ NMDC to extract diamonds worth $3.4 mn from mine near tiger reserve in MP
๐Ÿ“ Govt allows export of 1 million tons sugar in ongoing 2024-25 season
๐Ÿ“ Sellwin Traders signs $3 million MoU with UAE firm, posts 90% jump in Q3 income
๐Ÿ“ Waaree Energies bags order to supply 180 MWp solar modules
๐Ÿ“ Indiaโ€™s Greenko founders to raise $800 million to buy Orix stake
๐Ÿ“ TVS King EV MAX, a connected electric three-wheeler, launched at โ‚น2,95,000
๐Ÿ“ Newgen Software Technologies Q3 Results: Profit rises 31% to Rs 89 crore
๐Ÿ“ NTPC arm starts partial commercial operations of 200 MW-solar project in Gujarat
๐Ÿ“ Fitch upgrades Vedanta Resources' ratings with stable outlook
๐Ÿ“ Centre to launch National Critical Mineral Mission to boost production: Union minister
๐Ÿ“ Jupiter Hospital to invest Rs 400 crore to set up new hospital in Ghodbunder-Mira Road
๐Ÿ“ Siemens gets Rs 210-cr rail line electrification order from IRCON
๐Ÿ“ Zomato braces for a bumpy ride as food delivery demand slows
๐Ÿ“ Govt picks 24 cos for โ‚น3,516-cr investment in round 3 of white goods PLI scheme
๐Ÿ“ LIC trims stake in National Fertilizers, sells over 2% stake
๐Ÿ“ Tata Motors to start pilot proj with hydrogen internal combustion engine trucks in March qtr
๐Ÿ“ Settlement with borrowers only after exhausting all options, RBI to ARCs
๐Ÿ“ IOB Q3 Results: Net profit jumps 21% YoY to โ‚น873 cr, NII up 16% to โ‚น2,789 cr
๐Ÿ“ Bharti Airtel, Bajaj Finance launch digital financial platform for wider reach
๐Ÿ“ NCLT orders the liquidation of Go First
๐Ÿ“ IDBI Bank Q3 result: Profit jumps 31% YoY; provisions, net NPA drops
๐Ÿ“ Venus Remedies renews its European Good Manufacturing Practices certification from Infarmed
๐Ÿ“ Q3 throws focus on deal cycle, tenure for India's biggest IT service providers
๐Ÿ“ IDFC FIRST Bank launches FD-backed RuPay Credit Card for the first time users.

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Friday, 17 January 2025

17 January 2025 News

17th January 2K25

๐Ÿ“ RBI injects โ‚น40,000 cr into banking system
๐Ÿ“ 1 cr govt staff's salary tweaks loom as 8th Pay Commission gets cabinet nod
๐Ÿ“ Boost South Korea, Japan ties to cut reliance on China: GTRI
๐Ÿ“ World Bank warns that US tariffs could reduce global growth outlook
๐Ÿ“ Bain Capital buys into Dhoot Transmission Group
๐Ÿ“ Asset Reconstruction Companies seek nod to tap capital markets for equity
๐Ÿ“ Cabinet approves bill making repossession easier for aircraft lessors
๐Ÿ“ DoT gets cabinet nod to refarm 1100 MHz spectrum across bands
๐Ÿ“ Defence tech startup Constelli raises $3 million in round led by Pravega Ventures
๐Ÿ“ Biotech startup Zerocircle raises Rs 20 crore in round led by Nithin Kamathโ€™s Rainmatter
๐Ÿ“ RIL Q3 results: Net profit rises 7.4% to Rs 18,540 cr, beats estimates
๐Ÿ“ Commerce dept seeks to extend 2 export schemes ahead of Union Budget
๐Ÿ“ Infosys Q3 results: Net profit rises 11.4% to Rs 6,806 cr, revenue up 7.6%
๐Ÿ“ Sun Pharma's unit Taro to acquire 100% stake in Antibe Therapeutics
๐Ÿ“ Spencer's Retail enters quick commerce space with JIFFY as growth driver
๐Ÿ“ Torrent Power to invest Rs 18K cr in thermal power plant in Madhya Pradesh
๐Ÿ“ Amazon to acquire fintech firm Axio to expand credit services in India
๐Ÿ“ Axis Bank's Q3FY25 results: Net profit rises 4% to Rs 6,034 crore
๐Ÿ“ India to remain fastest-growing large economy in FY26, FY27: World Bank
๐Ÿ“ Income-Tax department recovers Rs 1,070 crore from wrongful claims
๐Ÿ“ RBI liberalises Fema rules to facilitate cross-border transactions
๐Ÿ“ NCLAT to decide on Metaโ€™s plea against CCI order stay next week
๐Ÿ“ iPhone market share in India touches 10%
๐Ÿ“ Agri & processed food exports grow over 11% to $17.77 billion in April-December
๐Ÿ“ Over 80% firms want wider cover for PM Internship scheme
๐Ÿ“ Infosys revises FY25 revenue guidance to 4.5- 5.0%
๐Ÿ“ DB Corp Q3 Results: Profit drops by 4.65% YoY to Rs 118.21 crore, revenue declines marginally
๐Ÿ“ Over 80% firms want wider cover for PM Internship scheme
๐Ÿ“ ISRO space docking successful, India becomes fourth country to achieve this โ€˜historicโ€™ feat, PM Modi congratulates
๐Ÿ“ RBI retains Tata Sons in upper-layer NBFC list for FY25
๐Ÿ“ PFC to get Japanese loan of โ‚น6,500 crore
๐Ÿ“ BPCL signs โ‚น31,802-crore loan deal with SBI-led consortium
๐Ÿ“ Kedaara Capital invests over $350 mn in data analytics provider Impetus Tech
๐Ÿ“ Equity funds' AUM grows for 11th year, net inflows surge over 100% in CY24
๐Ÿ“ Warburg-owned Truhome Finance eyes โ‚น50,000 crore AUM in four years.

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Thursday, 16 January 2025

16 January 2025 News

16th January 2K25

๐Ÿ“ RBI gets into liquidity management to tackle spike in short-term interest rates
๐Ÿ“ Zepto's annualised GOV touches $3 billion, up three times in 8 months
๐Ÿ“ Reliance Jio signs pact with Polygon Labs for incorporating new tech like Web3
๐Ÿ“ Rupee sees best single-day gain since June to close at 86.36 vs US dollar
๐Ÿ“ Sebi resolves over 5,600 complaints through SCORES platform in December 2024
๐Ÿ“ Sugar output falls 13.62 pc to 130.55 lakh tonne till Jan 15: NFCSFL
๐Ÿ“ India's trade deficit widens to $22 billion in December
๐Ÿ“ Minda Corp to acquire 49% stake in Flash Electronics for Rs 1,372 crore
๐Ÿ“ Aditya Birla Fashion to raise $500m via QIP, preferential issue
๐Ÿ“ Welspun inks pact with Saudi Aramco for setting up manufacturing facility
๐Ÿ“ Spacetech startup OrbitAID raises $1.5 million led by Unicorn India Ventures
๐Ÿ“ Anysphere, a maker of AI coding software, raises $105 million
๐Ÿ“ Skincare brand Foxtale raises $30 million led by Japanese beauty firm Kose Corporation
๐Ÿ“ Cornerstone Ventures marks $40 million first close of $200 million second fund
๐Ÿ“ Highways Infra Trust targets AUM of over Rs 25,000 crore by March-end
๐Ÿ“ India Inc's foreign borrowings decline 20.2% in 2024 as rupee slips
๐Ÿ“ Ceat Q3FY25 results: Net profit skids 46.4% to Rs 97.1 cr, revenue up 11.3%
๐Ÿ“ Vedanta Resources raises $1.1 billion through dual tranche bond issuance
๐Ÿ“ Bank of Maharashtra Q3FY25 results: Net profit rises 36% to Rs 1,406 crore
๐Ÿ“ I-T Dept imposes Rs 3.86 cr penalty on Laurus Labs for disallowed deduction
๐Ÿ“ L&T Technology Services Q3FY25 results: Net profit drops 4% to Rs 322.4 cr
๐Ÿ“ FinMin reviews financial inclusion schemes, urges better banking outreach
๐Ÿ“ India's green investments to grow 5-fold to Rs 31 trn by 2030: CRISIL
๐Ÿ“ NPCI International, UAE fintech partner to enable UPI for Indian travellers
๐Ÿ“ Govt to launch AI-backed data analytics platform for better trade insights
๐Ÿ“ Shoppers Stop looks to add up to 15 stores in FY26
๐Ÿ“ 15th round of India-UK FTA talks to begin in February
๐Ÿ“ Sundaram Alternates raises Rs 1,000 crore for realty fund
๐Ÿ“ HDFC Life Q3 profit rises 15% to Rs 415 crore
๐Ÿ“ Publicis Worldwide & Leo Burnett to merge globally
๐Ÿ“ DPIIT, ITC join hands to help startups in manufacturing sector
๐Ÿ“ Centre asks states to boost wheat procurement for 2025-26 rabi season
๐Ÿ“ OPEC sticks to oil-demand view
๐Ÿ“ United States key inflation rises 2.9% in December
๐Ÿ“ PhonePe results: Net loss declines to โ‚น1996 cr, revenue jumps to โ‚น5,064 cr
๐Ÿ“ Chinaโ€™s central bank injects near-record amount of liquidity into banking system
๐Ÿ“ DHL Group to add 30% freight capacity in India.

Wednesday, 15 January 2025

15 January 2025 News

15th January 2K25

๐Ÿ“ RBI reshuffles portfolios of the three Deputy Governors
๐Ÿ“ Network18 Q3 Results: Co reports net loss at Rs 1,435 crore post demerger with Viacom18
๐Ÿ“ HDFC AMC Q3 Results: Cons PAT jumps 31% YoY to Rs 641 crore, revenue up 39%
๐Ÿ“ Zetwerk selects banks for $500 million India IPO
๐Ÿ“ Shanti Gold International files IPO papers with Sebi
๐Ÿ“ Fuel, non-food goods drive wholesale inflation to 2.4% in December
๐Ÿ“ Google-backed Pixxel launches Fireflies, Indiaโ€™s first private satellite constellation
๐Ÿ“ Climate tech startup GreenStitch raises $1.2 million from Equirus InnovateX Fund, others
๐Ÿ“ Electric two-wheeler startup BGauss raises Rs 161 crore from Bharat Value Fund
๐Ÿ“ Aditya Birla-backed Digantara takes flight onboard SpaceXโ€™s rocket, system to monitor and detect objects
๐Ÿ“ Flying taxi startup secures $10 mn in Series A1 funding led by Accel
๐Ÿ“ Velocity unveils Shipfast to enable faster commerce for D2C brands
๐Ÿ“ Tata Electronics captures 26% share of India's iPhone production
๐Ÿ“ Tata Capital raises $400 million through maiden international bond
๐Ÿ“ FinMin considers asking banks to implement geotagging for all BCs
๐Ÿ“ India to top G20 with 7.3% insurance premium growth over 2025-29: Report
๐Ÿ“ Rupee hits new low of 86.68 per dollar as oil importers boost demand
๐Ÿ“ NARCL sole bidder to buy Rs 50K cr bad loans of Jaiprakash Associates
๐Ÿ“ BharatPe targets IPO in 18-24 months, Ebitda profitability in FY25
๐Ÿ“ AI set to reshape 38 mn jobs in India by 2030, boost productivity: EY
๐Ÿ“ Udaan set for IPO as NCLT clears demerger plan for corporate restructuring
๐Ÿ“ 64% consumers may choose EV as their next vehicle in 2025: TCS study
๐Ÿ“ Passenger vehicle dispatches hit record 4.3 million units in 2024
๐Ÿ“ EU reassesses its probes into tech giants such as Apple, Google and Meta
๐Ÿ“ Wonderchef turns profitable in FY24
๐Ÿ“ PM calls for early warning system for earthquakes
๐Ÿ“ AM Green ties up with DP World to set up supply chain for green fuels
๐Ÿ“ BrightNight commissions 115 MW hybrid renewable project in Maharashtra
๐Ÿ“ Shoppers Stop posts Q3 profit growth of 41.74% YoY, premium categories contribute to revenue growth
๐Ÿ“ Adani Renewable Energy commissions 57.2 MW wind-solar hybrid project in Gujarat
๐Ÿ“ Vodafone Idea partners with HCL Software to automate 4G and 5G networks
๐Ÿ“ India aims to improve weather forecasting accuracy by 10-15% in next 5 years
๐Ÿ“ Elon Musk's Neuralink marks third brain implant, plans 30 more this year
๐Ÿ“ Centre begins talks for easing MSME compliance burden, financing woes
๐Ÿ“ Chinaโ€™s central bank reiterates easing pledges amid policy dilemmas
๐Ÿ“ Telecom spectrum in 6-Ghz band key to avoid 5G radio wave crunch: COAI.

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Tuesday, 14 January 2025

14 January 2025 News

14th January 2K25

๐Ÿ“ Mutual funds raise Rs 1.18 trn via NFOs in 2024; thematic funds lead
๐Ÿ“ J&J to acquire drugmaker Intra-Cellular Therapies for $14.6 billion
๐Ÿ“ China's exports grew 10.7% in Dec amid uncertainty over trade tariffs
๐Ÿ“ Bank of India seeks its first dollar loan of $400 million in over a decade
๐Ÿ“ Zepto gets NCLT approval to shift domicile back to India ahead of 2025 IPO
๐Ÿ“ Okaya EV plans market expansion, to launch 4 electric two-wheelers in 2025
๐Ÿ“ JVC re-enters Indian TV market through licence pact with Super Plastronics
๐Ÿ“ Groww in talks to launch IPO, looks to raise $700 mn for $7-8 bn valuation
๐Ÿ“ India ranks 3rd in global fintech funding despite 33% drop in 2024: Report
๐Ÿ“ Finished steel imports hit six-year high in April-December, up 20% YoY
๐Ÿ“ TSMC fourth quarter net profit likely to jump 58% on strong AI chip demand
๐Ÿ“ BEL secures orders worth Rs 561 crore, total FY25 orders reach Rs 10,362 cr
๐Ÿ“ Smartphone exports set to hit $20 billion in FY25, driven by surge in iPhone sales
๐Ÿ“ Growing complexity widening cyber inequity: WEF report
๐Ÿ“ Lenovo to double local production in India, aiming for over 12 mn units in FY25
๐Ÿ“ Travel firm Joy n Crew hires CEO and chief service delivery officer from Cox & Kings
๐Ÿ“ Optimistic about higher agri growth in FY25 on good monsoon: Principal secy to PM
๐Ÿ“ NBCC bags Rs 3,500 cr work order in Lucknow to undertake mixed use development
๐Ÿ“ Aragen secures $100 mn funding from Quadria Capital
๐Ÿ“ India will face over USD 14.6 bn in additional duties, if US imposes 20 per cent tariff: BCG Report
๐Ÿ“ WeWork India raises Rs 500 crore via rights issue
๐Ÿ“ GSK to buy US biotech firm IDRx for up to $1.15 billion
๐Ÿ“ NBFCs' loan growth to ease to 17% in FY25 from 21% in FY24: Jefferies
๐Ÿ“ Bank of India seeks its first dollar loan in more than a decade
๐Ÿ“ EcoBox Industrial Parks acquires 50 acres in Chennai for 1.2 million sq ft development
๐Ÿ“ Indiaโ€™s retail inflation eases to four-month low of 5.22% in December
๐Ÿ“ Steady GDP growth, likely rate cuts in 2025 to support credit access of corporates in FY26: Fitch
๐Ÿ“ Ingram Micro appoints Sanjib Sahoo as president of Global Platform Group
๐Ÿ“ Reduce customs duty slabs to 5; simplify structure to boost mfg, exports:GTRI to Govt
๐Ÿ“ Base metal miners likely to outshine steel companies in a mixed Q3
๐Ÿ“ Land deals rise in 2024 to over 2,200 acres, mainly for housing, warehousing projects: CBRE
๐Ÿ“ FPIs on selling spree: โ‚น22,000 crore withdrawn from Indian equities in Jan
๐Ÿ“ AI and GenAI are transforming robotics: ABB robotics global head
๐Ÿ“ Trademark dispute: HC rejects plea to restrain Mahindra from selling its eZEO EV
๐Ÿ“ PAG invests $200 million in Pravesha Industries for a majority stake
๐Ÿ“ Global investors ready to pay for better ESG footprint assets: A&Mโ€™s Aversano

Monday, 13 January 2025

13 January 2025 News

13th January 2K25

๐Ÿ“ I-T dept to tap Interpol in pursuit of tax dodgers and their secret assets
๐Ÿ“ Jio Star targets Rs 6,000 crore from Champions Trophy, IPL
๐Ÿ“ Adani Group to invest Rs 65K crore in Chhattisgarh projects
๐Ÿ“ India's M&A activity sees 38% jump in CY24, $35 billion IPO pipeline
๐Ÿ“ Finmin to meet heads of banks on Jan 15 to review financial inclusion schemes
๐Ÿ“ Microfinance sector contracts below Rs 4 lakh crore amid loan disbursal woes
๐Ÿ“ SAIL, John Cockerill to invest around โ‚น6,000 crore in building downstream steel plant
๐Ÿ“ Pharma lobby seeks 2-year extension of schedule M deadline
๐Ÿ“ Air India aims to double international transit traffic in three years
๐Ÿ“ We're confident of hiring 40,000 freshers from campuses this year: TCS CHRO
๐Ÿ“ Adani surpasses Mukesh Ambani's RIL group firms in 2024 M&A deals
๐Ÿ“ Centre likely to save over Rs 70,000 crore on expenditure in FY25
๐Ÿ“ JNPA will become first Indian port cross 10 mn TEU capacity mark: Wagh
๐Ÿ“ CP, CD rates harden amid tight liquidity conditions in the market
๐Ÿ“ Realtors seek stamp duty cuts, revised home loan limits in Budget
๐Ÿ“ Mahakumbh opens on Monday with Rs 25,000 crore revenue expectations
๐Ÿ“ Luxury electric vehicle retail sales in 2024 clock 6.7% growth: Fada
๐Ÿ“ US employers opt for remote hiring to bypass likely H-1B rule change
๐Ÿ“ VCs betting on NBFCs for stable investments
๐Ÿ“ Andrew Ng-backed Jivi.ai launches AI platform for HMPV risk assessment
๐Ÿ“ NFRA plans 7 papers to strengthen the audit standards
๐Ÿ“ AMCs get ready with schemes to woo investors
๐Ÿ“ Pan-India crop survey to go digital by FY26
๐Ÿ“ AIFs seek special dispensation for deep-tech startups
๐Ÿ“ IMF warns of weaker Indian economy in 2025 amid global uncertainty and US policy shift
๐Ÿ“ FPI outflow reaches Rs 22,194 crore in January amid weak earnings and steady US dollar
๐Ÿ“ China reports dip in HMPV infections amid global concern
๐Ÿ“ Parliamentary panel reviews price spike of medicines
๐Ÿ“ Govt to revamp revival framework for MSMEs
๐Ÿ“ Nobel Hygiene eyes up to โ‚น200 cr in funding led by Neo Group's investment arm
๐Ÿ“ TCS expects margin benefits as BSNL deal tapers; to create 25K-seat capacity in Bengaluru: CFO
๐Ÿ“ Space race heats up as Jeff Bezos' Blue Origin is set to launch its first rocket
๐Ÿ“ Kolkata, Bengaluru lead India's traffic congestion; Mumbai, Delhi also make list
๐Ÿ“ Industry body CII seeks 10-point Ease of Doing Business reforms from Budget 2025.

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Sunday, 12 January 2025

12 January 2025 News

Economic Times

๐Ÿ“ Centre releases tax devolution of Rs 1.73 lk cr to states
๐Ÿ“ FPIs: Sebi plans hiking threshold to Rs 50,000 cr for making granular disclosures
๐Ÿ“ Strata SM REIT aims to list Rs 2,000 crore assets by end of FY26
๐Ÿ“ Adani Group raises Rs 4,850 cr from sale of 13.5% stake in Adani Wilmar
๐Ÿ“ Just Dial Q3 results: PAT jumps 43% YoY to Rs 131 crore, revenue up 8%
๐Ÿ“ Vedanta seeks $450 million to repay top-performing junk bonds
๐Ÿ“ Indiaโ€™s forex reserves dip $ 5.7 billion in a week up to January 03
๐Ÿ“ Startups raise $398.4 million in week ending January 10, up threefold on-year
๐Ÿ“ Hippocratic AI valued at $1.64 billion after series B round
๐Ÿ“ Creaegis may fund Giva at $470-500 million valuation

Business Standard

๐Ÿ“ Vodafone Plc exits Indus Towers, sells shares worth Rs 2,800 crore
๐Ÿ“ SpiceJet to bring 10 grounded Boeing 737 back into service by mid-April
๐Ÿ“ Centre extends GST return filing deadline for GSTR-3B and GSTR-1
๐Ÿ“ Life insurance Dec new biz premium falls 21.7% to Rs 30,218.71 crore
๐Ÿ“ FPIs exit domestic debt market as bond yield gap with US shrinks
๐Ÿ“ Kotak fund invests Rs 940 cr in IPO-bound diagnostics chain Neuberg
๐Ÿ“ Reits, InvITs, municipal bonds hold potential for next decade: Sebi chief
๐Ÿ“ DPIIT officials meet AIFs to promote capital mobilisation for startups
๐Ÿ“ Projects worth Rs 50,000 crore mooted for robust inland waterways
๐Ÿ“ Bankers ask RBI for durable liquidity as deficit mounts to Rs 2 trillion

Financial Express

๐Ÿ“ Indiaโ€™s industrial production hits 6-month high of 5.2 per cent
๐Ÿ“ Byjuโ€™s employee claim hits Rs 177.5 crore
๐Ÿ“ Capital fundraising to climb 21 per cent in FY25: Madhabi Puri Buch
๐Ÿ“ IGX expects to receive govt nod to launch long-duration contracts soon
๐Ÿ“ Rupee hits all-time low of 85.97 as dollar strengthens ahead of US jobs data
๐Ÿ“ Infosys countersues Cognizant over alleged competitive misconduct and data misuse

Mint

๐Ÿ“ Year 2024 exceeds 1.5ยฐC threshold, becomes hottest year, says C3S report
๐Ÿ“ Health ministry tightens norms for medical devices, IVD makers
๐Ÿ“ Centre mandates waterproofing test for tractors used in wetland cultivation
๐Ÿ“ 9.4% of Airbus deliveries came to India, 7.6% to IndiGo alone
๐Ÿ“ Mumbai-based Jesons Industries refiles DRHP with Sebi for IPO
๐Ÿ“ Delhi, neighbouring states to draft plan to tackle dust pollution
๐Ÿ“ Supreme Court stays โ‚น1.5 trillion tax notices to online gaming companies.

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Friday, 10 January 2025

10 January 2025 News and updates

10th January 2K25

๐Ÿ“ RBI eases curbs on NBFCs as compliance improves after supervisory actions
๐Ÿ“ Aerospace firms gird for protectionism under Trump, says Airbus CEO
๐Ÿ“ Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers
๐Ÿ“ Emami targets Rs 1,000 crore revenue from Smart & Handsome in 3-4 years
๐Ÿ“ Climate change puts India's rice and wheat output at risk of 6-10% decline
๐Ÿ“ NRAI set to approach CCI over Zomato and Swiggy's 10-minute delivery apps
๐Ÿ“ Aggressive pricing for Exim Bank's $1 bn debt hints at another robust year
๐Ÿ“ SAIL supplies 45,000 tonnes of steel for upcoming Maha Kumbh Mela
๐Ÿ“ Keystone Realtors sale bookings up 40% to Rs 863 crore in Q3 on high demand
๐Ÿ“ Poised to achieve portfolio of 700 hotels by 2030, double revenue: IHCL
๐Ÿ“ Envision bags 1GW wind, first 320 MWh BESS orders from Juniper Green Energy
๐Ÿ“ BP partnership to boost ONGC revenue by $10.3 billion over 10 years
๐Ÿ“ India added 24.5 GW solar and 3.4 GW wind capacity in 2024, sets new records
๐Ÿ“ Fast paced growth of top end models jack up Mercedesโ€™ average selling price in 2024
๐Ÿ“ HDFC Securities surpasses Rs 25,000 crore in mutual fund AUM
๐Ÿ“ Fintech Tide looks to onboard 10 lakh MSMEs by 2025-end, launch new solutions
๐Ÿ“ India has potential to increase organic products' exports to Rs 20,000 cr in 3 years: Piyush Goyal
๐Ÿ“ Bankruptcy Court admits Oban Fashions under insolvency resolution
๐Ÿ“ US pharma major Eli Lilly and Co plans to establish new GCC in Hyderabad
๐Ÿ“ Govt may give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCL
๐Ÿ“ Microfinance business shrinks in Q2 as delinquency rates surge
๐Ÿ“ Tata Motors group global wholesales up 1 pc at 3,41,791 units in Q3
๐Ÿ“ Jupiter International to invest Rs 6,500 cr on capacity expansion
๐Ÿ“ Ultra luxury homes demand at new peak in 2024 with sales of 59 units for Rs 4,754 cr: Anarock
๐Ÿ“ Indian Hotels Q3 update: Tata Group company reports opening of 40 new hotels
๐Ÿ“ Mutual fund folios hit 22.5 crore in Dec; SIP inflows exceed โ‚น26K crore
๐Ÿ“ Policybazaar and insurer partners join hands for elderly support services
๐Ÿ“ E-way bill generation rebounds in December, signalling supply chain recovery
๐Ÿ“ International alcohol cos seek $466M in unpaid debts from Telangana govt: Report
๐Ÿ“ FPIs resume selling spree in Jan, pull out nearly โ‚น12K cr from Indian stocks
๐Ÿ“ Tepid Q3 earnings outlook spells more pain for Indian companies
๐Ÿ“ Auto Sector Q3 Results Preview: Expect modest revenue, profit growth for OEMs
๐Ÿ“ Swiggy to launch standalone app for quick commerce arm Instamart
๐Ÿ“ Govt to sign mining pact with Mongolia to source copper and coking coal
๐Ÿ“ Realty companies' Q3 to be mixed, followed by an action-packed Q4

.
========>
.
โœ… Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
https://www.gst.gov.in/newsandupdates/read/570

Jan 9th, 2025

After successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period January 2025. In this phase manual entry of HSN has been replaced by choosing correct HSN from given Drop down. Also, Table-12 has been bifurcated into two tabs namely B2B and B2C, to report these supplies separately. Further, validation regarding values of the supplies and tax amounts involved in the same, have also been introduced for both the tabs of Table-12. However in initial period these validations have been kept in warning mode only, which means failing the validation will not be a blocker for filling of GSTR-1& 1A. To view the detailed advisory please click here

Thanking You,
Team GSTN

โœ… Enabling filing of Application for Rectification as per Notn. 22/2024-CT, dtd. 08/10/24, 2024
https://www.gst.gov.in/newsandupdates/read/568
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========>
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Thursday, 9 January 2025

9 January 2025 News

9th January 2K25

๐Ÿ“ Jio steps up 5G monetisation plans ahead of possible listing
๐Ÿ“ Advik acquires German braking system manufacturer Powersports MTG
๐Ÿ“ ONGC ropes in BP to increase Mumbai high field output
๐Ÿ“ Nirma Group company outbids Ambuja in insolvency sale of Vadraj Cement
๐Ÿ“ Zoplar Secures $3.4 million in Series A funding led by Blume Ventures
๐Ÿ“ Neuroscience startup BrainSightAI raises $5 million from IAN Alpha Fund, others
๐Ÿ“ AI-focused company Infinite Reality valued at $12.25 billion after $3 billion fundraise
๐Ÿ“ Zerodhaโ€™s Rainmatter invested Rs 275 crore in 2024 across climate, health startups: Nithin Kamath
๐Ÿ“ Swiggy launches new standalone app Snacc for 15-minute food delivery
๐Ÿ“ Foxconn, Dixon ask govt to pay pending production-linked subsidies
๐Ÿ“ RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance
๐Ÿ“ Brigade Group's mixed-use project in Hyd targets Rs 3,300 cr in home sales
๐Ÿ“ WeWork India strengthens footprint in Bengaluru, Pune, adds over 175k sq ft
๐Ÿ“ Govt slashes Nov gold import data by $5 billion in commodity revision
๐Ÿ“ India Inc files ECB plans worth $ 2.83 bn in November, shows RBI data
๐Ÿ“ Non-life insurers report dip in Dec premiums under Irdai's revised norms
๐Ÿ“ Lupin gets clearance from USFDA for its Pithampur manufacturing facility
๐Ÿ“ Rupee falls 13 paise to settle at new record low of 85.87 against dollar
๐Ÿ“ Sebi approves IPOs of Regreen-Excel, Dr Agarwal's, Casagrand, Highway Infra
๐Ÿ“ NSE plans expansion of its colocation facility, to add 2,000 new racks
๐Ÿ“ Demat tally surges to 185 million in 2024 with 46 million new additions
๐Ÿ“ Infinity Fincorp loan book tops Rs 1K crore
๐Ÿ“ Wilmar readies blueprint post-Adani exit
๐Ÿ“ Domestic steel demand to outpace other economies with 8-9% growth in 2025
๐Ÿ“ Q3 update: L&Tโ€™s Heavy Engineering arm bags order in range of Rs 1000-2500 crore in India and abroad
๐Ÿ“ US weekly jobless claims at 11-month low amid labor market stability
๐Ÿ“ ISRO postpones SpaDeX satellite docking due to unexpected drift
๐Ÿ“ PM Modi unveils projects worth over โ‚น2 Lakh Crore in Andhra Pradesh
๐Ÿ“ AMD invests in drug-discovery company Absci in push to sell AI chips
๐Ÿ“ China expands consumer subsidies to boost spending as tariff risk looms
๐Ÿ“ Complete Circle's wealth management arm raises new funding from Mankind Pharma
๐Ÿ“ Blackstoneโ€™s Infrastructure Fund for Individuals Raises More Than $1 Billion.

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Wednesday, 8 January 2025

8 January 2025 News

8th January 2K25

๐Ÿ“ Centre notifies procedure for export of certified organic products
๐Ÿ“ JSW Group in talks to acquire Everstone Capital's 8% stake in MG India
๐Ÿ“ Signature Global names Sanjeev Kumar Sharma as its chief financial officer
๐Ÿ“ Vodafone Idea planning phased 5G rollout with new tariff plans: CEO Moondra
๐Ÿ“ Tesla supplier Panasonic Energy to cut dependence on China for EV batteries
๐Ÿ“ Auto retail sales dip 12% in December despite a good show in CY 2024
๐Ÿ“ Race to acquire Haldiram Snacks: Temasek secures term sheet, leads bid
๐Ÿ“ Housing sales up 7% in 2024 across top 8 cities at 350K units: Knight Frank
๐Ÿ“ IT company HCLTech marginally hikes salaries of junior-level employees
๐Ÿ“ Freight rates up 11% in two weeks over Christmas and New Year rush
๐Ÿ“ Big four's Indian arms outpace global counterparts in FY24 revenue growth
๐Ÿ“ FinMin to hold meeting with MFI players on Wed amid rising bad loans
๐Ÿ“ Alkem Laboratories to sell Pithampur unit for Rs 149 crore
๐Ÿ“ Exim Bank said to have raised over $750 million via 10-year bonds
๐Ÿ“ Maruti Suzuki unveils โ€˜e For Meโ€™: A vision for Indiaโ€™s electric future
๐Ÿ“ India poised to be healthcare custodian of world, says Torrent's Samir Mehta
๐Ÿ“ Akasa Air appointed Belson Coutinho as the chief operating officer
๐Ÿ“ Gems, jewellery sector urges govt to reduce GST to 1% in upcoming Budget
๐Ÿ“ Indian diamond exports hit by slump in Chinese demand, HMPV concerns add to uncertainty
๐Ÿ“ Indian banks' profitability to moderate in FY26, India Ratings says
๐Ÿ“ Wagh Bakri Tea to invest Rs 100 cr for setting up new manufacturing unit in Gujarat
๐Ÿ“ Botanic Healthcare raises Rs 250 crore from Stakeboat Capital & other investors
๐Ÿ“ GFGNL to deliver 25000 fiber to home connections in rural areas for greater internet connectivity
๐Ÿ“ Zydus Lifesciences joins hands with CVS Caremark for diabetes drugs template formulary
๐Ÿ“ India's GDP growth likely to grow by four-year low of 6.4% in FY25: Govt est
๐Ÿ“ Microsoft plans to invest $3 billion on AI, cloud infrastructure in India
๐Ÿ“ L&T's power transmission arm wins large orders in India, Saudi Arabia
๐Ÿ“ ASK Property Fund, India Sotheby's to launch first luxury real estate fund
๐Ÿ“ Government targets 4.5% fiscal deficit by FY26
๐Ÿ“ Indiaโ€™s central bank should lead the policy easing cycle that its economy needs
๐Ÿ“ Space race: Toyota invests $44 million in Japanese rocket startup
๐Ÿ“ Mobikwik Q2 results: Firm posts loss of โ‚น3.5 cr vs profit YoY, revenue at โ‚น291 cr
๐Ÿ“ Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI
๐Ÿ“ Nvidia CEO pitches robotics, cars as growth areas to CES audience
๐Ÿ“ Globe Capacitors Partners with PolyCharge to Bring NanoLamโ„ข๏ธ Technology to India

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7 January 2025 News

7th January 2K25

๐Ÿ“ CDPQ taps global companies, looks to raise up to Rs 3,400 cr for India InvIT
๐Ÿ“ Motilal Oswal Alternates raises over Rs 1,750 cr for sixth fund
๐Ÿ“ FIU-IND signs pact with IRDAI to share information
๐Ÿ“ Airtel, Voda Idea sell entire stake in Wi-Fi JV Firefly to iBus for Rs 9 crore
๐Ÿ“ BPCL gives in-principle approval to joint venture company MNGL IPO
๐Ÿ“ RBI adds 8 tons gold to its reserves in November 2024: WGC
๐Ÿ“ Nuvoco Vistas to acquire Vadraj Cement through insolvency route
๐Ÿ“ With new $650 million war chest for India, Accel eyes AI, consumer, fintech, manufacturing startups
๐Ÿ“ Singaporean data centre company Digital Edge raises over $1.6 billion
๐Ÿ“ Sharechat parent firm Mohalla loss narrows to Rs 1,897 crore in FY24
๐Ÿ“ CRI Pumps bags Rs 754 crore deal from MSEDCL, to supply 25,000 solar pumps
๐Ÿ“ EMO Energy raises $6.2 million in Series A led by Subhkam Ventures
๐Ÿ“ Lodha achieves its highest quarterly pre-sales of Rs 4,510 crore in Q3
๐Ÿ“ Meta moves NCLAT over CCI's Rs 213 cr penalty in WhatsApp privacy case
๐Ÿ“ 2023 income inequality exceeded 1950s levels in India, says report
๐Ÿ“ Railways ministry spends 76% of FY25 capital expenditure by December
๐Ÿ“ Industry seeks extension of RoDTEP scheme to SEZs, EOUs till Sep-end
๐Ÿ“ Rupee falls to new low of 85.83 as dollar hovers near two-year high
๐Ÿ“ FinMin wants banks, NBFCs to join hands to fund large infra projects
๐Ÿ“ RBI releases master direction on reporting of customers credit information
๐Ÿ“ Govt plans mandatory hallmarking for silver amid rising consumer demands
๐Ÿ“ Investment by CPSEs, agencies fell 10 per cent in April-November
๐Ÿ“ Nxtra, Bizongo lead Indiaโ€™s emerging unicorns
๐Ÿ“ Audit firms face talent crunch, as fee collections stagnate
๐Ÿ“ D2C firm Frido set to be Rs 200-crore brand
๐Ÿ“ Realty sector seeks higher tax benefit on home loans
๐Ÿ“ Sterlite Grid 32 gets Rs 2,450 crore via listed NCDs to refinance MUML project
๐Ÿ“ RIL arm enters hydration category with launch of new Raskik Gluco Energy
๐Ÿ“ Lodha posts record quarterly pre-sales
๐Ÿ“ IIFCL asked to extend Rs 1 lakh crore loans in 3 years
๐Ÿ“ Govt launches updated PLI for speciality steel
๐Ÿ“ PM Modi and Satya Nadella explore Microsoftโ€™s expansion plans in India
๐Ÿ“ Quadrant Future Tek raises โ‚น130.5 cr via anchor investors ahead of IPO
๐Ÿ“ Exhicon raises โ‚น140.93 crore through preferential allotment
๐Ÿ“ Budget 2025: FM Nirmala Sitharaman holds consultation with trade unions
๐Ÿ“ Indiaโ€™s services sector growth rises to a four-month high in December.

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Monday, 6 January 2025

6 January 2025 News

6th January 2K25

๐Ÿ“ Italy plans $1.5 billion SpaceX telecom security services deal
๐Ÿ“ Karnataka tops as borrower among five southern states
๐Ÿ“ Delhi issues guidelines to prevent HMPV
๐Ÿ“ Mcap of four of top-10 most valued firms erode by Rs 96,605.66 cr; HDFC Bank hit hard
๐Ÿ“ Farm credit offtake expected to surpass โ‚น27 lakh cr
๐Ÿ“ NHAI prepays Rs 56,000 cr to its lenders in FY25 to save Rs 1,200 cr interest
๐Ÿ“ Review of PSU General insurers on cards to gauge capital needs
๐Ÿ“ Foxconn beats estimates with record fourth-quarter revenue on AI demand
๐Ÿ“ Accel's $650 mn India fund to focus on AI, fintech startups, manufacturing
๐Ÿ“ HDFC Bank's LDR falls below 100% for the first time after merger
๐Ÿ“ Bank of India eyeing to sell stressed loans in Simbhaoli Sugars, Visa Steel
๐Ÿ“ India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts
๐Ÿ“ Commerce Min, Indian mission officials to hold talks to boost exports
๐Ÿ“ India's forest and tree cover at 25.17% of total land area
๐Ÿ“ Trai to tighten anti-spam norms; pilot to digitise past user consents
๐Ÿ“ Govt to switch on massive subsidy to supercharge EV infrastructure
๐Ÿ“ Growth in agri credit may top 13% in FY25: Nabard chairman Shaji KV
๐Ÿ“ Travel conditions turn dangerous in US amid heaviest snowfall in decade
๐Ÿ“ SAT gets new judicial member, second bench likely soon
๐Ÿ“ Direct benefit transfers in FY25 cross Rs 4.15 lakh crore
๐Ÿ“ OMCs may post subdued refining margins in FY26
๐Ÿ“ Need 5-6 more cooperatives like Amul: PM
๐Ÿ“ FPIs withdraw Rs 4,285 cr in 3 trading sessions amid high valuations, global headwinds
๐Ÿ“ A 1000-cr fund to be launched to address climate issues in rural finance system
๐Ÿ“ United Airlines to begin Starlink in-flight internet testing starting February
๐Ÿ“ Dai-ichi Life Takes ยฅ140 Billion Loss Selling Off Long Bonds
๐Ÿ“ Trump, Fed Seen Risking $127 Billion Bond Spree in Latin America
๐Ÿ“ Winter storm paralyzes UK: Heavy snow forces airport closures, flights scrapped
๐Ÿ“ New office space supply falls 6 pc to 451.5 lakh sq ft across top 8 cities in 2024: C&W report
๐Ÿ“ India introduces 'e-Student' and 'e-Student-X' visas for international students
๐Ÿ“ Tesla CEO Elon Musk donates shares worth $100 million to charities.

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Friday, 3 January 2025

3 January 2025 News

3rd January 2K25

๐Ÿ“ DoT seeks Trai clarity on bank guarantee encashment
๐Ÿ“ Working group formed to revise WPI base year to 2022-23 from 2011-12
๐Ÿ“ DMart Q3 Update: Standalone revenue jumps 17% to Rs 15,565 crore
๐Ÿ“ Karnataka: Cabinet allows KIADB to raise Rs 5000 Cr to develop industrial areas
๐Ÿ“ Force Motors bags order to supply 2,429 ambulances to UP govt
๐Ÿ“ UPI transactions rises 8 pc to 16.73 bn in December: NPCI data
๐Ÿ“ Vedanta parent plans $1 bn raise to refinance high-cost debt
๐Ÿ“ ICMR proposes revised version of National Essential Diagnostics List
๐Ÿ“ Railways earnings rise 4%, capex 2% in 9 months of FY25
๐Ÿ“ Balmer Lawrie & Co invests in 'pod' hotel startup NapTapGo
๐Ÿ“ Accel closes eighth India fund with $650 million corpus
๐Ÿ“ Zepto sets up new marketplace entity amid restructuring
๐Ÿ“ PNB sees robust growth in deposits in Q3FY25; CSB Bank logs over 20% growth
๐Ÿ“ Akums announces new facility for lyophilized, sterile dosage manufacturing
๐Ÿ“ 172 mn jobs created during 2014-24; 46 mn in FY24: Mansukh Mandaviya
๐Ÿ“ India's manufacturing PMI slips to 12-month low of 56.4 in December
๐Ÿ“ Gadkari announces roadworks worth Rs 12,000 cr to ease Delhi's traffic woes
๐Ÿ“ Rupee closes at fresh low of 85.76 against dollar despite RBI intervention
๐Ÿ“ Cosmea Financial gets Sebi nod for MF foray
๐Ÿ“ Tata Motors, M&M to get incentives worth Rs 246 crore under PLI scheme
๐Ÿ“ Work demand under MGNREGA rises 8.3% in December 2024, shows data
๐Ÿ“ India's sugar consumption likely at 28 million tonnes in 2024-25: Isma
๐Ÿ“ Low rainfall in Jan-Mar may hit crop yields
๐Ÿ“ India to add 30 GW RE capacity in 2 years to FY26
๐Ÿ“ Banksโ€™ credit growth to remain subdued in FY26: ICRA
๐Ÿ“ Centre eases norms to fast-track capex loans to states
๐Ÿ“ Smartworks takes 4.8 lakh sq ft in Gurugram for annual rent of Rs 94 crore
๐Ÿ“ Snapdeal cuts losses by 43 per cent to Rs 160 crore in FY24
๐Ÿ“ iBus Networks eyes โ‚น2,000 cr revenue by 2028, bets on digitization of buildings
๐Ÿ“ US unemployment claims hit 8-month low as consistency prevails job market
๐Ÿ“ Sebi clubs fund diversion, disclosure violation probes against ZEE, executives
๐Ÿ“ TVS Motor sales jump 7% in December to 3.2 lakh units
๐Ÿ“ Vi gears up for 5G rollout, plans 15% cheaper than Jio and Airtel: Report
๐Ÿ“ โ‚น2,000 currency notes worth โ‚น6,700 crore yet to be returned, says RBI.
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๐Ÿ‘‰๐ŸปMSME bodies seek Audit exemption for firms below Rs 5 Cr turnover.
(Industry bodies representing micro, small, and medium enterprises (MSMEs) have urged the government to exempt MSMEs with turnovers below Rs 5 crore from audits)
๐Ÿ‘‡๐Ÿป ๐Ÿ‘‡๐Ÿป ๐Ÿ‘‡๐Ÿป
https://shorturl.at/58hLk
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Thursday, 2 January 2025

2 January 2025 News

2nd January 2K25

Economic Times

๐Ÿ“ Bank lending slowed across sectors in November
๐Ÿ“ Sebi mandates simplified compliance for listed entities with integrated filing framework
๐Ÿ“ A-One Steels India files draft papers with Sebi; eyes Rs 650-crore IPO
๐Ÿ“ Govt extends 2 crop insurance schemes till 2025-26; creates Rs 824.77 cr fund for tech infusion
๐Ÿ“ GST collection rises 7.3 pc to Rs 1.77 lakh crore in December
๐Ÿ“ MoUs worth Rs 18,500 cr investment potential inked in 7 mega textile parks: Govt
๐Ÿ“ India's power consumption up nearly 6 pc to 130.40 bn units in December
๐Ÿ“ Accel closes eighth India fund with $650 million corpus

Business Standard

๐Ÿ“ Karur Vysya Bank's Q3 FY25 business rises 15% to Rs 1.82 trillion
๐Ÿ“ Air India becomes first Indian airline to offer Wi-Fi on domestic flights
๐Ÿ“ Sun Pharma sells entire stake in Japanese arm to Zaza Industrial Holdings
๐Ÿ“ Sasan Power makes $150 million bullet payment on debt with IIFCL
๐Ÿ“ New govt infrastructure projects down by over 20% in December quarter
๐Ÿ“ Credit growth to NBFCs declines to 7.8% in November, shows RBI data
๐Ÿ“ Indices begin 2025 with gains, marking 7th consecutive first-session rise
๐Ÿ“ IMD says 2024 warmest year in India since 1901; China also heating up
๐Ÿ“ Auto sales shake off pandemic blues, hit record high of 26.1 mn units
๐Ÿ“ Centre extends additional subsidy on DAP, costing up to Rs 3,850 crore
๐Ÿ“ MSME bodies seek audit exemption for firms below Rs 5 crore turnover
๐Ÿ“ NSO seeks private firms to conduct socio-economic sample surveys

Financial Express

๐Ÿ“ IREDAโ€™s loan disbursements surge 41 per cent in Q3FY25
๐Ÿ“ Acronis aims to strengthen India business, sees 48% growth in data centres by 2030
๐Ÿ“ India, Pakistan exchange nuclear installations list under 1988 agreement

Mint

๐Ÿ“ Microfinance self-regulator defers capping lenders per borrower to 1 April
๐Ÿ“ Indiaโ€™s petroleum exports plunge amid weak global demand, Red Sea disruptions
๐Ÿ“ Eureka Conveyor Belting gets BSE nod for fundraiser via SME IPO
๐Ÿ“ Jaishankar meets Qatar PM, reviews bilateral cooperation
๐Ÿ“ FinMin directs PSBs, insurers to expedite resolution of grievances
๐Ÿ“ China's Alibaba to offload Sun Art stake to DCP for $1.6 billion
๐Ÿ“ WhatsApp tops cyber scam charts: Over 43,000 complaints in 2024's first quarter
๐Ÿ“ โ‚น2000 notes withdrawal: โ‚น6,691 cr worth such notes still with public
๐Ÿ“ India's coal production by CIL drops in April-Dec, fossil fuel output down 9.4%
๐Ÿ“ IMD forecasts rain over Delhi and parts of northwest India this week
๐Ÿ“ Agritech sector to create 60-80K new job opportunities in next 5 years
๐Ÿ“ Earthquake of 3.2 magnitude hits Gujarat's Kutch.

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Wednesday, 1 January 2025

1 January 2025 News and updates

1st January 2K25

๐Ÿ“ India may face challenges on a few parameters in WB's B-Ready report: GTRI
๐Ÿ“ Centre approves Rs 676 cr for development of Odisha's education institutes
๐Ÿ“ JSW MG Motor to unveil three new models at Bharat Mobility Global Expo 2025
๐Ÿ“ Mumbai SEZ leasing rises sharply in 2024, reverses 3-year downward trend
๐Ÿ“ Sharp rise in gold loan defaults worries banks and NBFCs, increase by 30%
๐Ÿ“ Venus Remedies gets good manufacturing practice certification from Moldovaโ€™s Ministry Of Health
๐Ÿ“ Rupee falls 13 paise to all-time closing low of 85.65 against dollar
๐Ÿ“ Government extends deadline for belated and revised tax returns to Jan 15
๐Ÿ“ Avanti Feeds, Apex Frozen to gain as shrimp industry eyes revival in 2025
๐Ÿ“ Indian banks' gross bad loan ratio may edge up by March 2026: RBI report
๐Ÿ“ India has clean energy capacity over 200 GW; investments to double in 2025
๐Ÿ“ NPCI extends proposed 30% UPI market share cap deadline to end-2026
๐Ÿ“ Indiaโ€™s core sector output up 4.3% in November
๐Ÿ“ Promoter Nishant Pitti sells 1.41% stake in EaseMyTrip via block deal
๐Ÿ“ China raises salaries for government workers to boost spending
๐Ÿ“ Indian refiner boosts Mideast oil imports as Russian flows slow
๐Ÿ“ RBI approves re-appointment of Anup Kumar Sinha as non-executive chairman of Bandhan Bank
๐Ÿ“ PLI and renewable energy incentives to be packed into green steel mission
๐Ÿ“ HUL takes direct-to-Kiranas distribution route
๐Ÿ“ VPPL awards EPC contract to ITD Cementation for Vadhvan Port development
๐Ÿ“ China's manufacturing activity slows in December as trade risks grow
๐Ÿ“ Waaree Renewable Technologies bags 2 GW solar project in Bikaner
๐Ÿ“ DoT seeks clarity from Trai on encashing telcosโ€™ BGs to recover spam penalties
๐Ÿ“ India's April-Nov fiscal deficit hits 52.5% of FY25 target at โ‚น8.47 lakh crore
๐Ÿ“ FPIs net buyers in Indian stock market in 2024, primarily through IPOs, QIPs
๐Ÿ“ PBOC Steps up Liquidity Injection with Fresh Tools at Year-End
๐Ÿ“ Thomas Cook shuts systems after cyber-attack takes down IT infra; probe underway
๐Ÿ“ Reliance spends USD 13 bn on acquisitions in five years
๐Ÿ“ Jute sector faces challenging year with 'subdued' prices, demand
๐Ÿ“ Rooftop solar company Fujiyama Power Systems files DRHP with SEBI for IPO
๐Ÿ“ Indian banks to stick with certificates of deposit after 2024 supply jumps 50%
๐Ÿ“ Delhi traders eye Rs1000 crore business this New Year: CTI
๐Ÿ“ Beijing pushes to use China-made chips in its EVs
๐Ÿ“ Pristyn Care in talks to raise up to $100 million in a new funding round
๐Ÿ“ India launches project for skills training of girls
๐Ÿ“ ISRO launches historic SpaDeX mission to test space docking
๐Ÿ“ Govt extends MEP on honey, imposes minimum import price on soda ash
๐Ÿ“ Health insurers disallowed claims worth Rs 15,100 crore during FY24
๐Ÿ“ Adani Enterprises to fully exit Adani Wilmar in $2 bn multi-phased deal
๐Ÿ“ Textile industry body seeks schemes to help achieve $100 billion export target by 2030
๐Ÿ“ IISc researchers develop new ML model to find semiconductor properties
๐Ÿ“ Nvidia closes $700 million Run:ai acquisition after regulatory hurdles
๐Ÿ“ Electric scooter maker Ather Energy receives Sebi nod for IPO
๐Ÿ“ Production from Meenakshi coal mine likely to begin in 2028, says Hindalco
๐Ÿ“ Lupin acquires Huminsulin from Lilly to strengthen diabetes portfolio
๐Ÿ“ Mswipe's payment business turns profitable, FY24 revenues grow 6%
๐Ÿ“ NE states led growth in consumption expenditure during 2023-24: NSO
๐Ÿ“ Stress in microfinance sector doubles in April to September period: RBI
๐Ÿ“ Fire, engineering insurance premiums likely to move up by 60% in 2025
๐Ÿ“ Government extends deadline for direct tax Vivad Se Vishwas Scheme
๐Ÿ“ Ajay Poly files preliminary papers with Sebi to mop up funds via IPO
๐Ÿ“ AI, cybersecurity to drive 1 mn jobs by 2030: Quess IT Staffing report
๐Ÿ“ CRISIL analysis: IT services sector eyes 7-9% growth on BFSI, AI funding
๐Ÿ“ 10-year G-Sec yields may ease to 6.60 per cent by March: Tata AMC
๐Ÿ“ Retail prices of pulses rule high, despite fall in mandi rates
๐Ÿ“ Bikaji to enter bakery business
๐Ÿ“ Govt releases norms for financial aid, payment security under rooftop solar scheme
๐Ÿ“ Omkara ARC acquires Rs 750-crore retail stressed assets
๐Ÿ“ EaseMyTrip co-founder to exit company with Rs 780 crore stake sale
๐Ÿ“ PM Suryaghar subsidy disbursal at 58% till Oct
๐Ÿ“ Rising issuance of CP, CD leads to widening spread in money market: RBI
๐Ÿ“ SBI Life picks up 10% stake in Bima Sugam India Federation
๐Ÿ“ Indo Farm Equipment raises โ‚น78 crore from anchor investors ahead of IPO
๐Ÿ“ Banks' NPA fall to 12-year low of 2.6%, bad loan ratio to worsen in 2026: RBI
๐Ÿ“ IMD issues orange alert, warns of dense fog and cold days with rain
๐Ÿ“ Public Bank Headcount Hits 13-Year Low, Private Banks Face High Attrition
๐Ÿ“ Govt starts countervailing duty probe on Vietnamese chemical.
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CBDT extends the last date for furnishing Belated/ Revised return of income for AY 2024-25 in the case of Resident Individuals from 31st December, 2024 to 15th January, 2025.

โœ…Circular no. 21/2024 dated 31/12/2024 issued- https://incometaxindia.gov.in/communications/circular/circular-no-21-2024.pdf
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๐Ÿ‘‰๐ŸปRBI introduces name lookup for RTGS and NEFT.
(This facility will allow remitters to verify the beneficiary's name before initiating a transaction, reducing the risk of errors and fraudulent transfers)
๐Ÿ‘‡๐Ÿป ๐Ÿ‘‡๐Ÿป ๐Ÿ‘‡๐Ÿป
https://shorturl.at/yDzT6

๐Ÿ‘‰๐ŸปICAI cannot issue standards on quality management: Solicitor General Tushar Mehta to NFRA.
(The ICAI is not authorized to issue standards on quality management or amend audit norms for accountancy firms. This responsibility lies with the government, as per the solicitor general's opinion)
๐Ÿ‘‡๐Ÿป ๐Ÿ‘‡๐Ÿป ๐Ÿ‘‡๐Ÿป
https://shorturl.at/Hb1vD

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๐Ÿ“ฒ Download my Android app "Updates by CARJ" ๐Ÿ“š to stay connected with latest news and updates ๐Ÿ“

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