Friday, 31 January 2025

31 January 2025 News

31st January 2K25

๐Ÿ“ Mukesh Ambani’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“ India’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 ₹300 crore
๐Ÿ“ Waaree Energies Q3 Results: Net profit surges 260% YoY to ₹507 crore.
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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“ Emami’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 ₹866.59 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 ₹295 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 ₹548 crore
๐Ÿ“ Pakistan's central bank cuts benchmark interest rate for sixth straight meeting
๐Ÿ“ TCI Q3 profit rises 27 pc to ₹102 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 ICF’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 ₹336 crore, EBITDA grows 20%
๐Ÿ“ Arkade Developers buys 4 acre land in Mumbai for ₹165cr; site currently leased to Filmistan
๐Ÿ“ Supply of homes priced below ₹1 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 India’s apparel industry
๐Ÿ“ Mindspace REIT buys Hyderabad office space for ₹2,038 cr

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