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

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