31st January 2K25
π Mukesh Ambani’s RIL acquires 49% stake in 31st January 2K25
π RBI purchases bonds via OMO, while managing market sentiments
π Sebi issues guidelines for performance evaluation of market infra institutions, statutory committees
π Bank of Baroda Q3 Results: Profit rises 6% to Rs 4,837 crore
π Jindal Steel Q3 Results: Profit halves to Rs 951 crore on weak steel prices
π Nokia India Dec quarter sales up 22% at Rs 4,177 crore
π Airtel Africa Q3 net jumps over 11-fold on-yr to $169 mn on $94-mn exceptional gain, lower finance costs
π SaaS startup SuperOps raises $25 million from March Capital, Addition, Z47
π Spiritual and devotion platform Utsav raises Rs 6.35 crore in round led by Equanimity Investments
π Drone startup BonV Aero secures funding from Unicorn India Ventures
*Business Standard*
π Bajaj Finserv Q3FY25 results: Net profit rises 3% to Rs 2,231 crore
π Gail Q3 results: Consolidated net profit up 27.7% to Rs 4,081 crore
π Zepto introduces instant returns, exchange feature for select products
π In a bid to revamp ITIs, skill ministry de-affiliates 449,000 seats
π UP receives Rs 1 trn investment proposals in hospitality sector in 2 years
π Chhattisgarh to grab bigger piece of NMDC's Rs 70,000 cr capex pie
π ARCs to see uptick in cumulative recovery rates in FY25 and 26: Crisil
π Nifty set to record fourth monthly fall in a row, first in 23 years
π Samara-backed medical devices firm SMT, More Retail prepare for IPOs
π Sebi sets rules to differentiate educators from financial influencers
π Indian food services market projected to hit $144-152 bn by 2030: Report
π IBM beats profit estimates as AI shift boosts software performance
*Financial Express*
π Irdai caps annual health premium hikes for senior citizens at 10%
π Agriculture ministry urges states to get more GI tagged unique products
π Highway construction down 5.8% in April-December
π Urban monthly per capita expenditure highest in Telangana, Kerala tops in rural segment
π Tata Motors EV unit registers maiden profit
*Mint*
π India to build its own foundational AI model, calls for proposals
π ECB slashes rates for fifth time, signals more loosening in pipeline
π RITES eyes high value export orders in Bangladesh, Mozambique, South Africa
π India’s power generation grows 5.4% in FY25 on higher demand
π Govt to fund private research on early fraud warning, use of IPO funds
π Tata Consumer Products Q3 Results: Net profit drops 5% YoY to ₹300 crore
π Waaree Energies Q3 Results: Net profit surges 260% YoY to ₹507 crore.
.
========>
.
π UPI dominates digital payments, sees explosive growth over five years
π RBI dissolves Aviom Housing board, to initiate IBC process
π Sammaan Capital raises $150 million through QIP; Capital Group, Marshall Wace and BlackRock top investors
π 360 One Wealth acquires Batlivala & Karani Securities for Rs 1884 crores
π Federal Bank Q3 Results: Net profit declines 5% to Rs 955 crore despite record PPoP
π Indian Oil's Q3 profit down 64% on inventory, LPG losses
π 147 startups incubated by IIT Delhi in 2018-24; life sciences, emerging tech among others take lead
π Logistics startup Shadowfax acquires CriticaLog
π UltraTech in advanced talks to acquire HeidelbergCement in Rs 3,381 cr deal
π The Body Shop eyes Rs 1,100 crore revenue in India within 3-5 years
π JSW group forays into copper mining with Rs 2,600 crore investment
π Bank of India targets 35% share in MCLR-linked credit in next 2-3 years
π Coal India Q3 results: Profit drops 17% to Rs 8,506 cr, dividend declared
π Canara Bank Q3 results: Profit rises 12.25% to Rs 4,104 cr, NII down 3%
π Astrome Tech raises $10 mn to accelerate wireless connectivity innovation
π Nagpur startup ErlySign develops 15-minute saliva test for oral cancer
π RBI's Rs 1.5 trillion liquidity booster raises Feb rate cut hopes
π Govt invites applications for Sebi chief post as Buch's term ends on Feb 28
π CIBIL flags risks of stress spreading from unsecured to secured loans
π India's port cargo rises 3.2% in December on higher container volumes
π Projects worth Rs 10 lakh crore unveiled at UP investor summit on track: Minister
π Swiggy, Zomato operationalise new payments methods on their apps
π Emami’s Q3FY25 results: Domestic business soars 9%, PAT up 8%
π Adani Wilmar posts 2X profit growth in Q3 at Rs 410.93 crore on demand for edible oil
π ACC Q3 Results: Profit surges by 103.06% to Rs 1,091.79 crore, posts volume growth of 21% YoY
π Petronet's Q3 net profit down 27% y-o-y to ₹866.59 cr
π 3.8 magnitude earthquake hits York Harbor, tremors felt in Boston and Portland
π Tata Steel Q3 results: Net profit tanks 43% to ₹295 crore, revenue drops 2.7%
π India to ditch privatisation plans, pour billions in state-run firms: Reuters
π Bajaj Housing Finance Q3 results: Net profit jumps 25% to ₹548 crore
π Pakistan's central bank cuts benchmark interest rate for sixth straight meeting
π TCI Q3 profit rises 27 pc to ₹102 crore on strong 3PL demand.
π Govt to invest nearly $2 billion to develop critical minerals sector
π Luxury residential outlook survey 2025: 62% HNIs to buy property in 2 yrs
π Indian Oil faces decline in Russian oil imports in this fiscal year
π Square Yards Apr-Dec revenue up 46% to Rs 938 cr on better housing demand
π Bank of India targets 35% share in MCLR-linked credit in next 2-3 years
π Hyundai Q3 results: PAT falls 19% to Rs 1,161 cr, revenue at Rs 16,648 cr
π Exploring opportunities in branded residences: ITC Hotels MD Anil Chadha
π TVS Motor Q3 result: Net profit up 20% at Rs 609.35 cr on higher sales
π SpiceJet to re-induct grounded Boeing 737 Max aircraft fleet into ops
π Russia oil trade with China, India stalls as sanctions drive up costs
π Nakul Jain steps down as the Paytm Payments Services CEO
π PURE EV partners with BE Energy to launch battery reconditioning technology in India
π Hatsun Agro Product acquires Milk Mantra to expand presence in eastern India
π IndianOil chairman confident US sanctions on Russian oil will not impact India's energy security
π Microsoft's cloud growth in focus as doubts grow over AI spending
π Volkswagen India faced customs clearance delays over alleged tax evasion case, sources say
π Zepto completes domicile shift from Singapore to India
π MedMitra AI raises Rs 3 crore led by All In Capital, WEH Ventures
π Hindustan Zinc Q3 Results: PAT zooms 32% YoY to Rs 2,678 crore
π BoFA to appoint Mandar Donde as India Investment-Banking head
π Tata Projects to finish construction of Micron's semiconductor plant by year-end
π Alstom to supply traction components for ICF’s Vande Sleeper trains
π 36% of Indian enterprises started budgeting for Gen AI: E&Y report
π Retail investors bought record $562 mn worth of Nvidia shares amid rout
π India's Cipla beats Q3 profit view as strong domestic demand offset weak US sales
π Union Budget: Infra sector calls for raised capex, sops for green projects, tax reforms
π Skoda looks to turn profitable in India this year: Official
π LVMH Sells Stella McCartney Stake Back to Founder After Downturn
π JSW Infra Q3 results: Net profit climbs 32% to ₹336 crore, EBITDA grows 20%
π Arkade Developers buys 4 acre land in Mumbai for ₹165cr; site currently leased to Filmistan
π Supply of homes priced below ₹1 cr falls 30 pc in 2024: PropEquity
π Google to fight $4.33 billion EU antitrust fine over Android
π Spiritual tourism on the rise in India, says Ritesh Agarwal, outlines Oyo's plan.
π LTTS signs $80 million multi-year deal with US-based manufacturer
π De Beers plans to open 15 Forevermark brand retail stores in India in 2025
π IFCI board Okays Rs 500 cr fund infusion via preferential issue of shares
π Ola set to unveil electric scooter based on Gen 3 platform on Jan 31
π Cabinet approves hike in ethanol procurement prices for state-run OMCs
π Edtech startup Leap raises $65 mn in Series E round led by Apis Partners
π MAS Financial Services Q3 results: Net profit jumps 25% to Rs 80.40 cr
π India's coffee exports likely to decline over 10% on lower production
π India needs fiscal policy changes for 6.4% GDP growth rate in 2025: Moody's
π Adani, JSW, investors eye Arshiya Ltd's assets amid insolvency process
π Maruti Suzuki approves reappointment of Hisashi Takeuchi as MD & CEO
π India's semiconductor market to grow at 13%, reach $103 bn by 2030: IESA
π Govt to formulate new MHADA policy to provide affordable housing: Dy CM Eknath Shinde
π Indian banks facing margin pressure amid high interest rate and declining loan growth: S&P Global
π Cabinet approves Rs 16,300 crore critical mineral mission
π Akasa Air well-capitalised, set to expand with new destinations: CEO
π Radisson Hotel Group says it added 300 new properties in 2024
π Triveni Turbine bags Rs 2.9 billion order from NTPC
π Indian Bank Q3 net profit surges 35 pc to Rs 2,852 cr
π Tata Steel becomes India's first to develop hydrogen transport pipes
π Accel, Prosus, Bessemer directors quit Good Glamm board amid cash crunch
π Messe Stuttgart India partners with Startup India for LogiMAT India 2025
π European coffee brand Coffee Island gets launched in India
π Govt revises quality control order to promote high-quality PV product
π ITC Hotels debuts on bourses; plans to expand portfolio to over 200 properties in 5 years
π Share of prepaid payment instruments falls 24% in past 2 years, shows RBI data
π JLR Owner Misses Profit Estimate Hurt by India Consumer Slowdown
π Brazil Central Bank Will Extend Interest Rate Hikes with Galipolo Fully in Charge
π Intel's CEO search in focus as chipmaker set to post lower revenue
π Maruti Suzuki Q3 result: Consolidated profit jumps 16% YoY
π Radico Khaitan Q3 Results: Net profit rises 27%, margins expand
π NCLT reinstates Glas Trust, Aditya Birla Finance as Byju's financial creditors
π India's TeamLease Services misses Q3 profit view as costs bite
π Logistics and sustainability hurdles challenge MSMEs in India’s apparel industry
π Mindspace REIT buys Hyderabad office space for ₹2,038 cr
π² Download my Android app "Updates by CARJ" π to stay connected with latest news and updates πhttps://carohitjaiswal.blogspot.com/p/update-android-app.html?m=0
Thanks for reading