Friday, 31 January 2025

31 January 2025 News

31st January 2K25

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

*Business Standard*

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

*Financial Express*

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

*Mint*

πŸ“ India to build its own foundational AI model, calls for proposals
πŸ“ ECB slashes rates for fifth time, signals more loosening in pipeline
πŸ“ RITES eyes high value export orders in Bangladesh, Mozambique, South Africa
πŸ“ India’s power generation grows 5.4% in FY25 on higher demand
πŸ“ Govt to fund private research on early fraud warning, use of IPO funds
πŸ“ Tata Consumer Products Q3 Results: Net profit drops 5% YoY to ₹300 crore
πŸ“ Waaree Energies Q3 Results: Net profit surges 260% YoY to ₹507 crore.
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πŸ“ UPI dominates digital payments, sees explosive growth over five years
πŸ“ RBI dissolves Aviom Housing board, to initiate IBC process
πŸ“ Sammaan Capital raises $150 million through QIP; Capital Group, Marshall Wace and BlackRock top investors
πŸ“ 360 One Wealth acquires Batlivala & Karani Securities for Rs 1884 crores
πŸ“ Federal Bank Q3 Results: Net profit declines 5% to Rs 955 crore despite record PPoP
πŸ“ Indian Oil's Q3 profit down 64% on inventory, LPG losses
πŸ“ 147 startups incubated by IIT Delhi in 2018-24; life sciences, emerging tech among others take lead
πŸ“ Logistics startup Shadowfax acquires CriticaLog
πŸ“ UltraTech in advanced talks to acquire HeidelbergCement in Rs 3,381 cr deal
πŸ“ The Body Shop eyes Rs 1,100 crore revenue in India within 3-5 years
πŸ“ JSW group forays into copper mining with Rs 2,600 crore investment
πŸ“ Bank of India targets 35% share in MCLR-linked credit in next 2-3 years
πŸ“ Coal India Q3 results: Profit drops 17% to Rs 8,506 cr, dividend declared
πŸ“ Canara Bank Q3 results: Profit rises 12.25% to Rs 4,104 cr, NII down 3%
πŸ“ Astrome Tech raises $10 mn to accelerate wireless connectivity innovation
πŸ“ Nagpur startup ErlySign develops 15-minute saliva test for oral cancer
πŸ“ RBI's Rs 1.5 trillion liquidity booster raises Feb rate cut hopes
πŸ“ Govt invites applications for Sebi chief post as Buch's term ends on Feb 28
πŸ“ CIBIL flags risks of stress spreading from unsecured to secured loans
πŸ“ India's port cargo rises 3.2% in December on higher container volumes
πŸ“ Projects worth Rs 10 lakh crore unveiled at UP investor summit on track: Minister
πŸ“ Swiggy, Zomato operationalise new payments methods on their apps
πŸ“ Emami’s Q3FY25 results: Domestic business soars 9%, PAT up 8%
πŸ“ Adani Wilmar posts 2X profit growth in Q3 at Rs 410.93 crore on demand for edible oil
πŸ“ ACC Q3 Results: Profit surges by 103.06% to Rs 1,091.79 crore, posts volume growth of 21% YoY
πŸ“ Petronet's Q3 net profit down 27% y-o-y to ₹866.59 cr
πŸ“ 3.8 magnitude earthquake hits York Harbor, tremors felt in Boston and Portland
πŸ“ Tata Steel Q3 results: Net profit tanks 43% to ₹295 crore, revenue drops 2.7%
πŸ“ India to ditch privatisation plans, pour billions in state-run firms: Reuters
πŸ“ Bajaj Housing Finance Q3 results: Net profit jumps 25% to ₹548 crore
πŸ“ Pakistan's central bank cuts benchmark interest rate for sixth straight meeting
πŸ“ TCI Q3 profit rises 27 pc to ₹102 crore on strong 3PL demand.
πŸ“ Govt to invest nearly $2 billion to develop critical minerals sector
πŸ“ Luxury residential outlook survey 2025: 62% HNIs to buy property in 2 yrs
πŸ“ Indian Oil faces decline in Russian oil imports in this fiscal year
πŸ“ Square Yards Apr-Dec revenue up 46% to Rs 938 cr on better housing demand
πŸ“ Bank of India targets 35% share in MCLR-linked credit in next 2-3 years
πŸ“ Hyundai Q3 results: PAT falls 19% to Rs 1,161 cr, revenue at Rs 16,648 cr
πŸ“ Exploring opportunities in branded residences: ITC Hotels MD Anil Chadha
πŸ“ TVS Motor Q3 result: Net profit up 20% at Rs 609.35 cr on higher sales
πŸ“ SpiceJet to re-induct grounded Boeing 737 Max aircraft fleet into ops
πŸ“ Russia oil trade with China, India stalls as sanctions drive up costs
πŸ“ Nakul Jain steps down as the Paytm Payments Services CEO
πŸ“ PURE EV partners with BE Energy to launch battery reconditioning technology in India
πŸ“ Hatsun Agro Product acquires Milk Mantra to expand presence in eastern India
πŸ“ IndianOil chairman confident US sanctions on Russian oil will not impact India's energy security
πŸ“ Microsoft's cloud growth in focus as doubts grow over AI spending
πŸ“ Volkswagen India faced customs clearance delays over alleged tax evasion case, sources say
πŸ“ Zepto completes domicile shift from Singapore to India
πŸ“ MedMitra AI raises Rs 3 crore led by All In Capital, WEH Ventures
πŸ“ Hindustan Zinc Q3 Results: PAT zooms 32% YoY to Rs 2,678 crore
πŸ“ BoFA to appoint Mandar Donde as India Investment-Banking head
πŸ“ Tata Projects to finish construction of Micron's semiconductor plant by year-end
πŸ“ Alstom to supply traction components for ICF’s Vande Sleeper trains
πŸ“ 36% of Indian enterprises started budgeting for Gen AI: E&Y report
πŸ“ Retail investors bought record $562 mn worth of Nvidia shares amid rout
πŸ“ India's Cipla beats Q3 profit view as strong domestic demand offset weak US sales
πŸ“ Union Budget: Infra sector calls for raised capex, sops for green projects, tax reforms
πŸ“ Skoda looks to turn profitable in India this year: Official
πŸ“ LVMH Sells Stella McCartney Stake Back to Founder After Downturn
πŸ“ JSW Infra Q3 results: Net profit climbs 32% to ₹336 crore, EBITDA grows 20%
πŸ“ Arkade Developers buys 4 acre land in Mumbai for ₹165cr; site currently leased to Filmistan
πŸ“ Supply of homes priced below ₹1 cr falls 30 pc in 2024: PropEquity
πŸ“ Google to fight $4.33 billion EU antitrust fine over Android
πŸ“ Spiritual tourism on the rise in India, says Ritesh Agarwal, outlines Oyo's plan.
πŸ“ LTTS signs $80 million multi-year deal with US-based manufacturer
πŸ“ De Beers plans to open 15 Forevermark brand retail stores in India in 2025
πŸ“ IFCI board Okays Rs 500 cr fund infusion via preferential issue of shares
πŸ“ Ola set to unveil electric scooter based on Gen 3 platform on Jan 31
πŸ“ Cabinet approves hike in ethanol procurement prices for state-run OMCs
πŸ“ Edtech startup Leap raises $65 mn in Series E round led by Apis Partners
πŸ“ MAS Financial Services Q3 results: Net profit jumps 25% to Rs 80.40 cr
πŸ“ India's coffee exports likely to decline over 10% on lower production
πŸ“ India needs fiscal policy changes for 6.4% GDP growth rate in 2025: Moody's
πŸ“ Adani, JSW, investors eye Arshiya Ltd's assets amid insolvency process
πŸ“ Maruti Suzuki approves reappointment of Hisashi Takeuchi as MD & CEO
πŸ“ India's semiconductor market to grow at 13%, reach $103 bn by 2030: IESA
πŸ“ Govt to formulate new MHADA policy to provide affordable housing: Dy CM Eknath Shinde
πŸ“ Indian banks facing margin pressure amid high interest rate and declining loan growth: S&P Global
πŸ“ Cabinet approves Rs 16,300 crore critical mineral mission
πŸ“ Akasa Air well-capitalised, set to expand with new destinations: CEO
πŸ“ Radisson Hotel Group says it added 300 new properties in 2024
πŸ“ Triveni Turbine bags Rs 2.9 billion order from NTPC
πŸ“ Indian Bank Q3 net profit surges 35 pc to Rs 2,852 cr
πŸ“ Tata Steel becomes India's first to develop hydrogen transport pipes
πŸ“ Accel, Prosus, Bessemer directors quit Good Glamm board amid cash crunch
πŸ“ Messe Stuttgart India partners with Startup India for LogiMAT India 2025
πŸ“ European coffee brand Coffee Island gets launched in India
πŸ“ Govt revises quality control order to promote high-quality PV product
πŸ“ ITC Hotels debuts on bourses; plans to expand portfolio to over 200 properties in 5 years
πŸ“ Share of prepaid payment instruments falls 24% in past 2 years, shows RBI data
πŸ“ JLR Owner Misses Profit Estimate Hurt by India Consumer Slowdown
πŸ“ Brazil Central Bank Will Extend Interest Rate Hikes with Galipolo Fully in Charge
πŸ“ Intel's CEO search in focus as chipmaker set to post lower revenue
πŸ“ Maruti Suzuki Q3 result: Consolidated profit jumps 16% YoY
πŸ“ Radico Khaitan Q3 Results: Net profit rises 27%, margins expand
πŸ“ NCLT reinstates Glas Trust, Aditya Birla Finance as Byju's financial creditors
πŸ“ India's TeamLease Services misses Q3 profit view as costs bite
πŸ“ Logistics and sustainability hurdles challenge MSMEs in India’s apparel industry
πŸ“ Mindspace REIT buys Hyderabad office space for ₹2,038 cr

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