31st January 2K25
๐ Mukesh Ambani’s RIL acquires 49% stake in 31st January 2K25
๐ RBI purchases bonds via OMO, while managing market sentiments
๐ Sebi issues guidelines for performance evaluation of market infra institutions, statutory committees
๐ Bank of Baroda Q3 Results: Profit rises 6% to Rs 4,837 crore
๐ Jindal Steel Q3 Results: Profit halves to Rs 951 crore on weak steel prices
๐ Nokia India Dec quarter sales up 22% at Rs 4,177 crore
๐ Airtel Africa Q3 net jumps over 11-fold on-yr to $169 mn on $94-mn exceptional gain, lower finance costs
๐ SaaS startup SuperOps raises $25 million from March Capital, Addition, Z47
๐ Spiritual and devotion platform Utsav raises Rs 6.35 crore in round led by Equanimity Investments
๐ Drone startup BonV Aero secures funding from Unicorn India Ventures
*Business Standard*
๐ Bajaj Finserv Q3FY25 results: Net profit rises 3% to Rs 2,231 crore
๐ Gail Q3 results: Consolidated net profit up 27.7% to Rs 4,081 crore
๐ Zepto introduces instant returns, exchange feature for select products
๐ In a bid to revamp ITIs, skill ministry de-affiliates 449,000 seats
๐ UP receives Rs 1 trn investment proposals in hospitality sector in 2 years
๐ Chhattisgarh to grab bigger piece of NMDC's Rs 70,000 cr capex pie
๐ ARCs to see uptick in cumulative recovery rates in FY25 and 26: Crisil
๐ Nifty set to record fourth monthly fall in a row, first in 23 years
๐ Samara-backed medical devices firm SMT, More Retail prepare for IPOs
๐ Sebi sets rules to differentiate educators from financial influencers
๐ Indian food services market projected to hit $144-152 bn by 2030: Report
๐ IBM beats profit estimates as AI shift boosts software performance
*Financial Express*
๐ Irdai caps annual health premium hikes for senior citizens at 10%
๐ Agriculture ministry urges states to get more GI tagged unique products
๐ Highway construction down 5.8% in April-December
๐ Urban monthly per capita expenditure highest in Telangana, Kerala tops in rural segment
๐ Tata Motors EV unit registers maiden profit
*Mint*
๐ India to build its own foundational AI model, calls for proposals
๐ ECB slashes rates for fifth time, signals more loosening in pipeline
๐ RITES eyes high value export orders in Bangladesh, Mozambique, South Africa
๐ India’s power generation grows 5.4% in FY25 on higher demand
๐ Govt to fund private research on early fraud warning, use of IPO funds
๐ Tata Consumer Products Q3 Results: Net profit drops 5% YoY to ₹300 crore
๐ Waaree Energies Q3 Results: Net profit surges 260% YoY to ₹507 crore.
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๐ UPI dominates digital payments, sees explosive growth over five years
๐ RBI dissolves Aviom Housing board, to initiate IBC process
๐ Sammaan Capital raises $150 million through QIP; Capital Group, Marshall Wace and BlackRock top investors
๐ 360 One Wealth acquires Batlivala & Karani Securities for Rs 1884 crores
๐ Federal Bank Q3 Results: Net profit declines 5% to Rs 955 crore despite record PPoP
๐ Indian Oil's Q3 profit down 64% on inventory, LPG losses
๐ 147 startups incubated by IIT Delhi in 2018-24; life sciences, emerging tech among others take lead
๐ Logistics startup Shadowfax acquires CriticaLog
๐ UltraTech in advanced talks to acquire HeidelbergCement in Rs 3,381 cr deal
๐ The Body Shop eyes Rs 1,100 crore revenue in India within 3-5 years
๐ JSW group forays into copper mining with Rs 2,600 crore investment
๐ Bank of India targets 35% share in MCLR-linked credit in next 2-3 years
๐ Coal India Q3 results: Profit drops 17% to Rs 8,506 cr, dividend declared
๐ Canara Bank Q3 results: Profit rises 12.25% to Rs 4,104 cr, NII down 3%
๐ Astrome Tech raises $10 mn to accelerate wireless connectivity innovation
๐ Nagpur startup ErlySign develops 15-minute saliva test for oral cancer
๐ RBI's Rs 1.5 trillion liquidity booster raises Feb rate cut hopes
๐ Govt invites applications for Sebi chief post as Buch's term ends on Feb 28
๐ CIBIL flags risks of stress spreading from unsecured to secured loans
๐ India's port cargo rises 3.2% in December on higher container volumes
๐ Projects worth Rs 10 lakh crore unveiled at UP investor summit on track: Minister
๐ Swiggy, Zomato operationalise new payments methods on their apps
๐ Emami’s Q3FY25 results: Domestic business soars 9%, PAT up 8%
๐ Adani Wilmar posts 2X profit growth in Q3 at Rs 410.93 crore on demand for edible oil
๐ ACC Q3 Results: Profit surges by 103.06% to Rs 1,091.79 crore, posts volume growth of 21% YoY
๐ Petronet's Q3 net profit down 27% y-o-y to ₹866.59 cr
๐ 3.8 magnitude earthquake hits York Harbor, tremors felt in Boston and Portland
๐ Tata Steel Q3 results: Net profit tanks 43% to ₹295 crore, revenue drops 2.7%
๐ India to ditch privatisation plans, pour billions in state-run firms: Reuters
๐ Bajaj Housing Finance Q3 results: Net profit jumps 25% to ₹548 crore
๐ Pakistan's central bank cuts benchmark interest rate for sixth straight meeting
๐ TCI Q3 profit rises 27 pc to ₹102 crore on strong 3PL demand.
๐ Govt to invest nearly $2 billion to develop critical minerals sector
๐ Luxury residential outlook survey 2025: 62% HNIs to buy property in 2 yrs
๐ Indian Oil faces decline in Russian oil imports in this fiscal year
๐ Square Yards Apr-Dec revenue up 46% to Rs 938 cr on better housing demand
๐ Bank of India targets 35% share in MCLR-linked credit in next 2-3 years
๐ Hyundai Q3 results: PAT falls 19% to Rs 1,161 cr, revenue at Rs 16,648 cr
๐ Exploring opportunities in branded residences: ITC Hotels MD Anil Chadha
๐ TVS Motor Q3 result: Net profit up 20% at Rs 609.35 cr on higher sales
๐ SpiceJet to re-induct grounded Boeing 737 Max aircraft fleet into ops
๐ Russia oil trade with China, India stalls as sanctions drive up costs
๐ Nakul Jain steps down as the Paytm Payments Services CEO
๐ PURE EV partners with BE Energy to launch battery reconditioning technology in India
๐ Hatsun Agro Product acquires Milk Mantra to expand presence in eastern India
๐ IndianOil chairman confident US sanctions on Russian oil will not impact India's energy security
๐ Microsoft's cloud growth in focus as doubts grow over AI spending
๐ Volkswagen India faced customs clearance delays over alleged tax evasion case, sources say
๐ Zepto completes domicile shift from Singapore to India
๐ MedMitra AI raises Rs 3 crore led by All In Capital, WEH Ventures
๐ Hindustan Zinc Q3 Results: PAT zooms 32% YoY to Rs 2,678 crore
๐ BoFA to appoint Mandar Donde as India Investment-Banking head
๐ Tata Projects to finish construction of Micron's semiconductor plant by year-end
๐ Alstom to supply traction components for ICF’s Vande Sleeper trains
๐ 36% of Indian enterprises started budgeting for Gen AI: E&Y report
๐ Retail investors bought record $562 mn worth of Nvidia shares amid rout
๐ India's Cipla beats Q3 profit view as strong domestic demand offset weak US sales
๐ Union Budget: Infra sector calls for raised capex, sops for green projects, tax reforms
๐ Skoda looks to turn profitable in India this year: Official
๐ LVMH Sells Stella McCartney Stake Back to Founder After Downturn
๐ JSW Infra Q3 results: Net profit climbs 32% to ₹336 crore, EBITDA grows 20%
๐ Arkade Developers buys 4 acre land in Mumbai for ₹165cr; site currently leased to Filmistan
๐ Supply of homes priced below ₹1 cr falls 30 pc in 2024: PropEquity
๐ Google to fight $4.33 billion EU antitrust fine over Android
๐ Spiritual tourism on the rise in India, says Ritesh Agarwal, outlines Oyo's plan.
๐ LTTS signs $80 million multi-year deal with US-based manufacturer
๐ De Beers plans to open 15 Forevermark brand retail stores in India in 2025
๐ IFCI board Okays Rs 500 cr fund infusion via preferential issue of shares
๐ Ola set to unveil electric scooter based on Gen 3 platform on Jan 31
๐ Cabinet approves hike in ethanol procurement prices for state-run OMCs
๐ Edtech startup Leap raises $65 mn in Series E round led by Apis Partners
๐ MAS Financial Services Q3 results: Net profit jumps 25% to Rs 80.40 cr
๐ India's coffee exports likely to decline over 10% on lower production
๐ India needs fiscal policy changes for 6.4% GDP growth rate in 2025: Moody's
๐ Adani, JSW, investors eye Arshiya Ltd's assets amid insolvency process
๐ Maruti Suzuki approves reappointment of Hisashi Takeuchi as MD & CEO
๐ India's semiconductor market to grow at 13%, reach $103 bn by 2030: IESA
๐ Govt to formulate new MHADA policy to provide affordable housing: Dy CM Eknath Shinde
๐ Indian banks facing margin pressure amid high interest rate and declining loan growth: S&P Global
๐ Cabinet approves Rs 16,300 crore critical mineral mission
๐ Akasa Air well-capitalised, set to expand with new destinations: CEO
๐ Radisson Hotel Group says it added 300 new properties in 2024
๐ Triveni Turbine bags Rs 2.9 billion order from NTPC
๐ Indian Bank Q3 net profit surges 35 pc to Rs 2,852 cr
๐ Tata Steel becomes India's first to develop hydrogen transport pipes
๐ Accel, Prosus, Bessemer directors quit Good Glamm board amid cash crunch
๐ Messe Stuttgart India partners with Startup India for LogiMAT India 2025
๐ European coffee brand Coffee Island gets launched in India
๐ Govt revises quality control order to promote high-quality PV product
๐ ITC Hotels debuts on bourses; plans to expand portfolio to over 200 properties in 5 years
๐ Share of prepaid payment instruments falls 24% in past 2 years, shows RBI data
๐ JLR Owner Misses Profit Estimate Hurt by India Consumer Slowdown
๐ Brazil Central Bank Will Extend Interest Rate Hikes with Galipolo Fully in Charge
๐ Intel's CEO search in focus as chipmaker set to post lower revenue
๐ Maruti Suzuki Q3 result: Consolidated profit jumps 16% YoY
๐ Radico Khaitan Q3 Results: Net profit rises 27%, margins expand
๐ NCLT reinstates Glas Trust, Aditya Birla Finance as Byju's financial creditors
๐ India's TeamLease Services misses Q3 profit view as costs bite
๐ Logistics and sustainability hurdles challenge MSMEs in India’s apparel industry
๐ Mindspace REIT buys Hyderabad office space for ₹2,038 cr
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