Monday, 6 January 2025

6 January 2025 News

6th January 2K25

πŸ“ Italy plans $1.5 billion SpaceX telecom security services deal
πŸ“ Karnataka tops as borrower among five southern states
πŸ“ Delhi issues guidelines to prevent HMPV
πŸ“ Mcap of four of top-10 most valued firms erode by Rs 96,605.66 cr; HDFC Bank hit hard
πŸ“ Farm credit offtake expected to surpass ₹27 lakh cr
πŸ“ NHAI prepays Rs 56,000 cr to its lenders in FY25 to save Rs 1,200 cr interest
πŸ“ Review of PSU General insurers on cards to gauge capital needs
πŸ“ Foxconn beats estimates with record fourth-quarter revenue on AI demand
πŸ“ Accel's $650 mn India fund to focus on AI, fintech startups, manufacturing
πŸ“ HDFC Bank's LDR falls below 100% for the first time after merger
πŸ“ Bank of India eyeing to sell stressed loans in Simbhaoli Sugars, Visa Steel
πŸ“ India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts
πŸ“ Commerce Min, Indian mission officials to hold talks to boost exports
πŸ“ India's forest and tree cover at 25.17% of total land area
πŸ“ Trai to tighten anti-spam norms; pilot to digitise past user consents
πŸ“ Govt to switch on massive subsidy to supercharge EV infrastructure
πŸ“ Growth in agri credit may top 13% in FY25: Nabard chairman Shaji KV
πŸ“ Travel conditions turn dangerous in US amid heaviest snowfall in decade
πŸ“ SAT gets new judicial member, second bench likely soon
πŸ“ Direct benefit transfers in FY25 cross Rs 4.15 lakh crore
πŸ“ OMCs may post subdued refining margins in FY26
πŸ“ Need 5-6 more cooperatives like Amul: PM
πŸ“ FPIs withdraw Rs 4,285 cr in 3 trading sessions amid high valuations, global headwinds
πŸ“ A 1000-cr fund to be launched to address climate issues in rural finance system
πŸ“ United Airlines to begin Starlink in-flight internet testing starting February
πŸ“ Dai-ichi Life Takes ¥140 Billion Loss Selling Off Long Bonds
πŸ“ Trump, Fed Seen Risking $127 Billion Bond Spree in Latin America
πŸ“ Winter storm paralyzes UK: Heavy snow forces airport closures, flights scrapped
πŸ“ New office space supply falls 6 pc to 451.5 lakh sq ft across top 8 cities in 2024: C&W report
πŸ“ India introduces 'e-Student' and 'e-Student-X' visas for international students
πŸ“ 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

πŸ“ DoT seeks Trai clarity on bank guarantee encashment
πŸ“ Working group formed to revise WPI base year to 2022-23 from 2011-12
πŸ“ DMart Q3 Update: Standalone revenue jumps 17% to Rs 15,565 crore
πŸ“ Karnataka: Cabinet allows KIADB to raise Rs 5000 Cr to develop industrial areas
πŸ“ Force Motors bags order to supply 2,429 ambulances to UP govt
πŸ“ UPI transactions rises 8 pc to 16.73 bn in December: NPCI data
πŸ“ Vedanta parent plans $1 bn raise to refinance high-cost debt
πŸ“ ICMR proposes revised version of National Essential Diagnostics List
πŸ“ Railways earnings rise 4%, capex 2% in 9 months of FY25
πŸ“ Balmer Lawrie & Co invests in 'pod' hotel startup NapTapGo
πŸ“ Accel closes eighth India fund with $650 million corpus
πŸ“ Zepto sets up new marketplace entity amid restructuring
πŸ“ PNB sees robust growth in deposits in Q3FY25; CSB Bank logs over 20% growth
πŸ“ Akums announces new facility for lyophilized, sterile dosage manufacturing
πŸ“ 172 mn jobs created during 2014-24; 46 mn in FY24: Mansukh Mandaviya
πŸ“ India's manufacturing PMI slips to 12-month low of 56.4 in December
πŸ“ Gadkari announces roadworks worth Rs 12,000 cr to ease Delhi's traffic woes
πŸ“ Rupee closes at fresh low of 85.76 against dollar despite RBI intervention
πŸ“ Cosmea Financial gets Sebi nod for MF foray
πŸ“ Tata Motors, M&M to get incentives worth Rs 246 crore under PLI scheme
πŸ“ Work demand under MGNREGA rises 8.3% in December 2024, shows data
πŸ“ India's sugar consumption likely at 28 million tonnes in 2024-25: Isma
πŸ“ Low rainfall in Jan-Mar may hit crop yields
πŸ“ India to add 30 GW RE capacity in 2 years to FY26
πŸ“ Banks’ credit growth to remain subdued in FY26: ICRA
πŸ“ Centre eases norms to fast-track capex loans to states
πŸ“ Smartworks takes 4.8 lakh sq ft in Gurugram for annual rent of Rs 94 crore
πŸ“ Snapdeal cuts losses by 43 per cent to Rs 160 crore in FY24
πŸ“ iBus Networks eyes ₹2,000 cr revenue by 2028, bets on digitization of buildings
πŸ“ US unemployment claims hit 8-month low as consistency prevails job market
πŸ“ Sebi clubs fund diversion, disclosure violation probes against ZEE, executives
πŸ“ TVS Motor sales jump 7% in December to 3.2 lakh units
πŸ“ Vi gears up for 5G rollout, plans 15% cheaper than Jio and Airtel: Report
πŸ“ ₹2,000 currency notes worth ₹6,700 crore yet to be returned, says RBI.
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πŸ‘‰πŸ»MSME 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)
πŸ‘‡πŸ» πŸ‘‡πŸ» πŸ‘‡πŸ»
https://shorturl.at/58hLk
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Thursday, 2 January 2025

2 January 2025 News

2nd January 2K25

Economic Times

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

Business Standard

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

Financial Express

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

Mint

πŸ“ Microfinance self-regulator defers capping lenders per borrower to 1 April
πŸ“ India’s petroleum exports plunge amid weak global demand, Red Sea disruptions
πŸ“ Eureka Conveyor Belting gets BSE nod for fundraiser via SME IPO
πŸ“ Jaishankar meets Qatar PM, reviews bilateral cooperation
πŸ“ FinMin directs PSBs, insurers to expedite resolution of grievances
πŸ“ China's Alibaba to offload Sun Art stake to DCP for $1.6 billion
πŸ“ WhatsApp tops cyber scam charts: Over 43,000 complaints in 2024's first quarter
πŸ“ ₹2000 notes withdrawal: ₹6,691 cr worth such notes still with public
πŸ“ India's coal production by CIL drops in April-Dec, fossil fuel output down 9.4%
πŸ“ IMD forecasts rain over Delhi and parts of northwest India this week
πŸ“ Agritech sector to create 60-80K new job opportunities in next 5 years
πŸ“ 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

πŸ“ India may face challenges on a few parameters in WB's B-Ready report: GTRI
πŸ“ Centre approves Rs 676 cr for development of Odisha's education institutes
πŸ“ JSW MG Motor to unveil three new models at Bharat Mobility Global Expo 2025
πŸ“ Mumbai SEZ leasing rises sharply in 2024, reverses 3-year downward trend
πŸ“ Sharp rise in gold loan defaults worries banks and NBFCs, increase by 30%
πŸ“ Venus Remedies gets good manufacturing practice certification from Moldova’s Ministry Of Health
πŸ“ Rupee falls 13 paise to all-time closing low of 85.65 against dollar
πŸ“ Government extends deadline for belated and revised tax returns to Jan 15
πŸ“ Avanti Feeds, Apex Frozen to gain as shrimp industry eyes revival in 2025
πŸ“ Indian banks' gross bad loan ratio may edge up by March 2026: RBI report
πŸ“ India has clean energy capacity over 200 GW; investments to double in 2025
πŸ“ NPCI extends proposed 30% UPI market share cap deadline to end-2026
πŸ“ India’s core sector output up 4.3% in November
πŸ“ Promoter Nishant Pitti sells 1.41% stake in EaseMyTrip via block deal
πŸ“ China raises salaries for government workers to boost spending
πŸ“ Indian refiner boosts Mideast oil imports as Russian flows slow
πŸ“ RBI approves re-appointment of Anup Kumar Sinha as non-executive chairman of Bandhan Bank
πŸ“ PLI and renewable energy incentives to be packed into green steel mission
πŸ“ HUL takes direct-to-Kiranas distribution route
πŸ“ VPPL awards EPC contract to ITD Cementation for Vadhvan Port development
πŸ“ China's manufacturing activity slows in December as trade risks grow
πŸ“ Waaree Renewable Technologies bags 2 GW solar project in Bikaner
πŸ“ DoT seeks clarity from Trai on encashing telcos’ BGs to recover spam penalties
πŸ“ India's April-Nov fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
πŸ“ FPIs net buyers in Indian stock market in 2024, primarily through IPOs, QIPs
πŸ“ PBOC Steps up Liquidity Injection with Fresh Tools at Year-End
πŸ“ Thomas Cook shuts systems after cyber-attack takes down IT infra; probe underway
πŸ“ Reliance spends USD 13 bn on acquisitions in five years
πŸ“ Jute sector faces challenging year with 'subdued' prices, demand
πŸ“ Rooftop solar company Fujiyama Power Systems files DRHP with SEBI for IPO
πŸ“ Indian banks to stick with certificates of deposit after 2024 supply jumps 50%
πŸ“ Delhi traders eye Rs1000 crore business this New Year: CTI
πŸ“ Beijing pushes to use China-made chips in its EVs
πŸ“ Pristyn Care in talks to raise up to $100 million in a new funding round
πŸ“ India launches project for skills training of girls
πŸ“ ISRO launches historic SpaDeX mission to test space docking
πŸ“ Govt extends MEP on honey, imposes minimum import price on soda ash
πŸ“ Health insurers disallowed claims worth Rs 15,100 crore during FY24
πŸ“ Adani Enterprises to fully exit Adani Wilmar in $2 bn multi-phased deal
πŸ“ Textile industry body seeks schemes to help achieve $100 billion export target by 2030
πŸ“ IISc researchers develop new ML model to find semiconductor properties
πŸ“ Nvidia closes $700 million Run:ai acquisition after regulatory hurdles
πŸ“ Electric scooter maker Ather Energy receives Sebi nod for IPO
πŸ“ Production from Meenakshi coal mine likely to begin in 2028, says Hindalco
πŸ“ Lupin acquires Huminsulin from Lilly to strengthen diabetes portfolio
πŸ“ Mswipe's payment business turns profitable, FY24 revenues grow 6%
πŸ“ NE states led growth in consumption expenditure during 2023-24: NSO
πŸ“ Stress in microfinance sector doubles in April to September period: RBI
πŸ“ Fire, engineering insurance premiums likely to move up by 60% in 2025
πŸ“ Government extends deadline for direct tax Vivad Se Vishwas Scheme
πŸ“ Ajay Poly files preliminary papers with Sebi to mop up funds via IPO
πŸ“ AI, cybersecurity to drive 1 mn jobs by 2030: Quess IT Staffing report
πŸ“ CRISIL analysis: IT services sector eyes 7-9% growth on BFSI, AI funding
πŸ“ 10-year G-Sec yields may ease to 6.60 per cent by March: Tata AMC
πŸ“ Retail prices of pulses rule high, despite fall in mandi rates
πŸ“ Bikaji to enter bakery business
πŸ“ Govt releases norms for financial aid, payment security under rooftop solar scheme
πŸ“ Omkara ARC acquires Rs 750-crore retail stressed assets
πŸ“ EaseMyTrip co-founder to exit company with Rs 780 crore stake sale
πŸ“ PM Suryaghar subsidy disbursal at 58% till Oct
πŸ“ Rising issuance of CP, CD leads to widening spread in money market: RBI
πŸ“ SBI Life picks up 10% stake in Bima Sugam India Federation
πŸ“ Indo Farm Equipment raises ₹78 crore from anchor investors ahead of IPO
πŸ“ Banks' NPA fall to 12-year low of 2.6%, bad loan ratio to worsen in 2026: RBI
πŸ“ IMD issues orange alert, warns of dense fog and cold days with rain
πŸ“ Public Bank Headcount Hits 13-Year Low, Private Banks Face High Attrition
πŸ“ 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.

✅Circular no. 21/2024 dated 31/12/2024 issued- https://incometaxindia.gov.in/communications/circular/circular-no-21-2024.pdf
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πŸ‘‰πŸ»RBI 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)
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https://shorturl.at/yDzT6

πŸ‘‰πŸ»ICAI 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)
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https://shorturl.at/Hb1vD

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πŸ“² Download my Android app "Updates by CARJ" πŸ“š to stay connected with latest news and updates πŸ“

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