Tuesday, 14 January 2025

14 January 2025 News

14th January 2K25

πŸ“ Mutual funds raise Rs 1.18 trn via NFOs in 2024; thematic funds lead
πŸ“ J&J to acquire drugmaker Intra-Cellular Therapies for $14.6 billion
πŸ“ China's exports grew 10.7% in Dec amid uncertainty over trade tariffs
πŸ“ Bank of India seeks its first dollar loan of $400 million in over a decade
πŸ“ Zepto gets NCLT approval to shift domicile back to India ahead of 2025 IPO
πŸ“ Okaya EV plans market expansion, to launch 4 electric two-wheelers in 2025
πŸ“ JVC re-enters Indian TV market through licence pact with Super Plastronics
πŸ“ Groww in talks to launch IPO, looks to raise $700 mn for $7-8 bn valuation
πŸ“ India ranks 3rd in global fintech funding despite 33% drop in 2024: Report
πŸ“ Finished steel imports hit six-year high in April-December, up 20% YoY
πŸ“ TSMC fourth quarter net profit likely to jump 58% on strong AI chip demand
πŸ“ BEL secures orders worth Rs 561 crore, total FY25 orders reach Rs 10,362 cr
πŸ“ Smartphone exports set to hit $20 billion in FY25, driven by surge in iPhone sales
πŸ“ Growing complexity widening cyber inequity: WEF report
πŸ“ Lenovo to double local production in India, aiming for over 12 mn units in FY25
πŸ“ Travel firm Joy n Crew hires CEO and chief service delivery officer from Cox & Kings
πŸ“ Optimistic about higher agri growth in FY25 on good monsoon: Principal secy to PM
πŸ“ NBCC bags Rs 3,500 cr work order in Lucknow to undertake mixed use development
πŸ“ Aragen secures $100 mn funding from Quadria Capital
πŸ“ India will face over USD 14.6 bn in additional duties, if US imposes 20 per cent tariff: BCG Report
πŸ“ WeWork India raises Rs 500 crore via rights issue
πŸ“ GSK to buy US biotech firm IDRx for up to $1.15 billion
πŸ“ NBFCs' loan growth to ease to 17% in FY25 from 21% in FY24: Jefferies
πŸ“ Bank of India seeks its first dollar loan in more than a decade
πŸ“ EcoBox Industrial Parks acquires 50 acres in Chennai for 1.2 million sq ft development
πŸ“ India’s retail inflation eases to four-month low of 5.22% in December
πŸ“ Steady GDP growth, likely rate cuts in 2025 to support credit access of corporates in FY26: Fitch
πŸ“ Ingram Micro appoints Sanjib Sahoo as president of Global Platform Group
πŸ“ Reduce customs duty slabs to 5; simplify structure to boost mfg, exports:GTRI to Govt
πŸ“ Base metal miners likely to outshine steel companies in a mixed Q3
πŸ“ Land deals rise in 2024 to over 2,200 acres, mainly for housing, warehousing projects: CBRE
πŸ“ FPIs on selling spree: ₹22,000 crore withdrawn from Indian equities in Jan
πŸ“ AI and GenAI are transforming robotics: ABB robotics global head
πŸ“ Trademark dispute: HC rejects plea to restrain Mahindra from selling its eZEO EV
πŸ“ PAG invests $200 million in Pravesha Industries for a majority stake
πŸ“ Global investors ready to pay for better ESG footprint assets: A&M’s Aversano

Monday, 13 January 2025

13 January 2025 News

13th January 2K25

πŸ“ I-T dept to tap Interpol in pursuit of tax dodgers and their secret assets
πŸ“ Jio Star targets Rs 6,000 crore from Champions Trophy, IPL
πŸ“ Adani Group to invest Rs 65K crore in Chhattisgarh projects
πŸ“ India's M&A activity sees 38% jump in CY24, $35 billion IPO pipeline
πŸ“ Finmin to meet heads of banks on Jan 15 to review financial inclusion schemes
πŸ“ Microfinance sector contracts below Rs 4 lakh crore amid loan disbursal woes
πŸ“ SAIL, John Cockerill to invest around ₹6,000 crore in building downstream steel plant
πŸ“ Pharma lobby seeks 2-year extension of schedule M deadline
πŸ“ Air India aims to double international transit traffic in three years
πŸ“ We're confident of hiring 40,000 freshers from campuses this year: TCS CHRO
πŸ“ Adani surpasses Mukesh Ambani's RIL group firms in 2024 M&A deals
πŸ“ Centre likely to save over Rs 70,000 crore on expenditure in FY25
πŸ“ JNPA will become first Indian port cross 10 mn TEU capacity mark: Wagh
πŸ“ CP, CD rates harden amid tight liquidity conditions in the market
πŸ“ Realtors seek stamp duty cuts, revised home loan limits in Budget
πŸ“ Mahakumbh opens on Monday with Rs 25,000 crore revenue expectations
πŸ“ Luxury electric vehicle retail sales in 2024 clock 6.7% growth: Fada
πŸ“ US employers opt for remote hiring to bypass likely H-1B rule change
πŸ“ VCs betting on NBFCs for stable investments
πŸ“ Andrew Ng-backed Jivi.ai launches AI platform for HMPV risk assessment
πŸ“ NFRA plans 7 papers to strengthen the audit standards
πŸ“ AMCs get ready with schemes to woo investors
πŸ“ Pan-India crop survey to go digital by FY26
πŸ“ AIFs seek special dispensation for deep-tech startups
πŸ“ IMF warns of weaker Indian economy in 2025 amid global uncertainty and US policy shift
πŸ“ FPI outflow reaches Rs 22,194 crore in January amid weak earnings and steady US dollar
πŸ“ China reports dip in HMPV infections amid global concern
πŸ“ Parliamentary panel reviews price spike of medicines
πŸ“ Govt to revamp revival framework for MSMEs
πŸ“ Nobel Hygiene eyes up to ₹200 cr in funding led by Neo Group's investment arm
πŸ“ TCS expects margin benefits as BSNL deal tapers; to create 25K-seat capacity in Bengaluru: CFO
πŸ“ Space race heats up as Jeff Bezos' Blue Origin is set to launch its first rocket
πŸ“ Kolkata, Bengaluru lead India's traffic congestion; Mumbai, Delhi also make list
πŸ“ Industry body CII seeks 10-point Ease of Doing Business reforms from Budget 2025.

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Sunday, 12 January 2025

12 January 2025 News

Economic Times

πŸ“ Centre releases tax devolution of Rs 1.73 lk cr to states
πŸ“ FPIs: Sebi plans hiking threshold to Rs 50,000 cr for making granular disclosures
πŸ“ Strata SM REIT aims to list Rs 2,000 crore assets by end of FY26
πŸ“ Adani Group raises Rs 4,850 cr from sale of 13.5% stake in Adani Wilmar
πŸ“ Just Dial Q3 results: PAT jumps 43% YoY to Rs 131 crore, revenue up 8%
πŸ“ Vedanta seeks $450 million to repay top-performing junk bonds
πŸ“ India’s forex reserves dip $ 5.7 billion in a week up to January 03
πŸ“ Startups raise $398.4 million in week ending January 10, up threefold on-year
πŸ“ Hippocratic AI valued at $1.64 billion after series B round
πŸ“ Creaegis may fund Giva at $470-500 million valuation

Business Standard

πŸ“ Vodafone Plc exits Indus Towers, sells shares worth Rs 2,800 crore
πŸ“ SpiceJet to bring 10 grounded Boeing 737 back into service by mid-April
πŸ“ Centre extends GST return filing deadline for GSTR-3B and GSTR-1
πŸ“ Life insurance Dec new biz premium falls 21.7% to Rs 30,218.71 crore
πŸ“ FPIs exit domestic debt market as bond yield gap with US shrinks
πŸ“ Kotak fund invests Rs 940 cr in IPO-bound diagnostics chain Neuberg
πŸ“ Reits, InvITs, municipal bonds hold potential for next decade: Sebi chief
πŸ“ DPIIT officials meet AIFs to promote capital mobilisation for startups
πŸ“ Projects worth Rs 50,000 crore mooted for robust inland waterways
πŸ“ Bankers ask RBI for durable liquidity as deficit mounts to Rs 2 trillion

Financial Express

πŸ“ India’s industrial production hits 6-month high of 5.2 per cent
πŸ“ Byju’s employee claim hits Rs 177.5 crore
πŸ“ Capital fundraising to climb 21 per cent in FY25: Madhabi Puri Buch
πŸ“ IGX expects to receive govt nod to launch long-duration contracts soon
πŸ“ Rupee hits all-time low of 85.97 as dollar strengthens ahead of US jobs data
πŸ“ Infosys countersues Cognizant over alleged competitive misconduct and data misuse

Mint

πŸ“ Year 2024 exceeds 1.5°C threshold, becomes hottest year, says C3S report
πŸ“ Health ministry tightens norms for medical devices, IVD makers
πŸ“ Centre mandates waterproofing test for tractors used in wetland cultivation
πŸ“ 9.4% of Airbus deliveries came to India, 7.6% to IndiGo alone
πŸ“ Mumbai-based Jesons Industries refiles DRHP with Sebi for IPO
πŸ“ Delhi, neighbouring states to draft plan to tackle dust pollution
πŸ“ Supreme Court stays ₹1.5 trillion tax notices to online gaming companies.

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Friday, 10 January 2025

10 January 2025 News and updates

10th January 2K25

πŸ“ RBI eases curbs on NBFCs as compliance improves after supervisory actions
πŸ“ Aerospace firms gird for protectionism under Trump, says Airbus CEO
πŸ“ Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers
πŸ“ Emami targets Rs 1,000 crore revenue from Smart & Handsome in 3-4 years
πŸ“ Climate change puts India's rice and wheat output at risk of 6-10% decline
πŸ“ NRAI set to approach CCI over Zomato and Swiggy's 10-minute delivery apps
πŸ“ Aggressive pricing for Exim Bank's $1 bn debt hints at another robust year
πŸ“ SAIL supplies 45,000 tonnes of steel for upcoming Maha Kumbh Mela
πŸ“ Keystone Realtors sale bookings up 40% to Rs 863 crore in Q3 on high demand
πŸ“ Poised to achieve portfolio of 700 hotels by 2030, double revenue: IHCL
πŸ“ Envision bags 1GW wind, first 320 MWh BESS orders from Juniper Green Energy
πŸ“ BP partnership to boost ONGC revenue by $10.3 billion over 10 years
πŸ“ India added 24.5 GW solar and 3.4 GW wind capacity in 2024, sets new records
πŸ“ Fast paced growth of top end models jack up Mercedes’ average selling price in 2024
πŸ“ HDFC Securities surpasses Rs 25,000 crore in mutual fund AUM
πŸ“ Fintech Tide looks to onboard 10 lakh MSMEs by 2025-end, launch new solutions
πŸ“ India has potential to increase organic products' exports to Rs 20,000 cr in 3 years: Piyush Goyal
πŸ“ Bankruptcy Court admits Oban Fashions under insolvency resolution
πŸ“ US pharma major Eli Lilly and Co plans to establish new GCC in Hyderabad
πŸ“ Govt may give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCL
πŸ“ Microfinance business shrinks in Q2 as delinquency rates surge
πŸ“ Tata Motors group global wholesales up 1 pc at 3,41,791 units in Q3
πŸ“ Jupiter International to invest Rs 6,500 cr on capacity expansion
πŸ“ Ultra luxury homes demand at new peak in 2024 with sales of 59 units for Rs 4,754 cr: Anarock
πŸ“ Indian Hotels Q3 update: Tata Group company reports opening of 40 new hotels
πŸ“ Mutual fund folios hit 22.5 crore in Dec; SIP inflows exceed ₹26K crore
πŸ“ Policybazaar and insurer partners join hands for elderly support services
πŸ“ E-way bill generation rebounds in December, signalling supply chain recovery
πŸ“ International alcohol cos seek $466M in unpaid debts from Telangana govt: Report
πŸ“ FPIs resume selling spree in Jan, pull out nearly ₹12K cr from Indian stocks
πŸ“ Tepid Q3 earnings outlook spells more pain for Indian companies
πŸ“ Auto Sector Q3 Results Preview: Expect modest revenue, profit growth for OEMs
πŸ“ Swiggy to launch standalone app for quick commerce arm Instamart
πŸ“ Govt to sign mining pact with Mongolia to source copper and coking coal
πŸ“ Realty companies' Q3 to be mixed, followed by an action-packed Q4

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✅ Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
https://www.gst.gov.in/newsandupdates/read/570

Jan 9th, 2025

After successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period January 2025. In this phase manual entry of HSN has been replaced by choosing correct HSN from given Drop down. Also, Table-12 has been bifurcated into two tabs namely B2B and B2C, to report these supplies separately. Further, validation regarding values of the supplies and tax amounts involved in the same, have also been introduced for both the tabs of Table-12. However in initial period these validations have been kept in warning mode only, which means failing the validation will not be a blocker for filling of GSTR-1& 1A. To view the detailed advisory please click here

Thanking You,
Team GSTN

✅ Enabling filing of Application for Rectification as per Notn. 22/2024-CT, dtd. 08/10/24, 2024
https://www.gst.gov.in/newsandupdates/read/568
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Thursday, 9 January 2025

9 January 2025 News

9th January 2K25

πŸ“ Jio steps up 5G monetisation plans ahead of possible listing
πŸ“ Advik acquires German braking system manufacturer Powersports MTG
πŸ“ ONGC ropes in BP to increase Mumbai high field output
πŸ“ Nirma Group company outbids Ambuja in insolvency sale of Vadraj Cement
πŸ“ Zoplar Secures $3.4 million in Series A funding led by Blume Ventures
πŸ“ Neuroscience startup BrainSightAI raises $5 million from IAN Alpha Fund, others
πŸ“ AI-focused company Infinite Reality valued at $12.25 billion after $3 billion fundraise
πŸ“ Zerodha’s Rainmatter invested Rs 275 crore in 2024 across climate, health startups: Nithin Kamath
πŸ“ Swiggy launches new standalone app Snacc for 15-minute food delivery
πŸ“ Foxconn, Dixon ask govt to pay pending production-linked subsidies
πŸ“ RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance
πŸ“ Brigade Group's mixed-use project in Hyd targets Rs 3,300 cr in home sales
πŸ“ WeWork India strengthens footprint in Bengaluru, Pune, adds over 175k sq ft
πŸ“ Govt slashes Nov gold import data by $5 billion in commodity revision
πŸ“ India Inc files ECB plans worth $ 2.83 bn in November, shows RBI data
πŸ“ Non-life insurers report dip in Dec premiums under Irdai's revised norms
πŸ“ Lupin gets clearance from USFDA for its Pithampur manufacturing facility
πŸ“ Rupee falls 13 paise to settle at new record low of 85.87 against dollar
πŸ“ Sebi approves IPOs of Regreen-Excel, Dr Agarwal's, Casagrand, Highway Infra
πŸ“ NSE plans expansion of its colocation facility, to add 2,000 new racks
πŸ“ Demat tally surges to 185 million in 2024 with 46 million new additions
πŸ“ Infinity Fincorp loan book tops Rs 1K crore
πŸ“ Wilmar readies blueprint post-Adani exit
πŸ“ Domestic steel demand to outpace other economies with 8-9% growth in 2025
πŸ“ Q3 update: L&T’s Heavy Engineering arm bags order in range of Rs 1000-2500 crore in India and abroad
πŸ“ US weekly jobless claims at 11-month low amid labor market stability
πŸ“ ISRO postpones SpaDeX satellite docking due to unexpected drift
πŸ“ PM Modi unveils projects worth over ₹2 Lakh Crore in Andhra Pradesh
πŸ“ AMD invests in drug-discovery company Absci in push to sell AI chips
πŸ“ China expands consumer subsidies to boost spending as tariff risk looms
πŸ“ Complete Circle's wealth management arm raises new funding from Mankind Pharma
πŸ“ Blackstone’s Infrastructure Fund for Individuals Raises More Than $1 Billion.

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Wednesday, 8 January 2025

8 January 2025 News

8th January 2K25

πŸ“ Centre notifies procedure for export of certified organic products
πŸ“ JSW Group in talks to acquire Everstone Capital's 8% stake in MG India
πŸ“ Signature Global names Sanjeev Kumar Sharma as its chief financial officer
πŸ“ Vodafone Idea planning phased 5G rollout with new tariff plans: CEO Moondra
πŸ“ Tesla supplier Panasonic Energy to cut dependence on China for EV batteries
πŸ“ Auto retail sales dip 12% in December despite a good show in CY 2024
πŸ“ Race to acquire Haldiram Snacks: Temasek secures term sheet, leads bid
πŸ“ Housing sales up 7% in 2024 across top 8 cities at 350K units: Knight Frank
πŸ“ IT company HCLTech marginally hikes salaries of junior-level employees
πŸ“ Freight rates up 11% in two weeks over Christmas and New Year rush
πŸ“ Big four's Indian arms outpace global counterparts in FY24 revenue growth
πŸ“ FinMin to hold meeting with MFI players on Wed amid rising bad loans
πŸ“ Alkem Laboratories to sell Pithampur unit for Rs 149 crore
πŸ“ Exim Bank said to have raised over $750 million via 10-year bonds
πŸ“ Maruti Suzuki unveils ‘e For Me’: A vision for India’s electric future
πŸ“ India poised to be healthcare custodian of world, says Torrent's Samir Mehta
πŸ“ Akasa Air appointed Belson Coutinho as the chief operating officer
πŸ“ Gems, jewellery sector urges govt to reduce GST to 1% in upcoming Budget
πŸ“ Indian diamond exports hit by slump in Chinese demand, HMPV concerns add to uncertainty
πŸ“ Indian banks' profitability to moderate in FY26, India Ratings says
πŸ“ Wagh Bakri Tea to invest Rs 100 cr for setting up new manufacturing unit in Gujarat
πŸ“ Botanic Healthcare raises Rs 250 crore from Stakeboat Capital & other investors
πŸ“ GFGNL to deliver 25000 fiber to home connections in rural areas for greater internet connectivity
πŸ“ Zydus Lifesciences joins hands with CVS Caremark for diabetes drugs template formulary
πŸ“ India's GDP growth likely to grow by four-year low of 6.4% in FY25: Govt est
πŸ“ Microsoft plans to invest $3 billion on AI, cloud infrastructure in India
πŸ“ L&T's power transmission arm wins large orders in India, Saudi Arabia
πŸ“ ASK Property Fund, India Sotheby's to launch first luxury real estate fund
πŸ“ Government targets 4.5% fiscal deficit by FY26
πŸ“ India’s central bank should lead the policy easing cycle that its economy needs
πŸ“ Space race: Toyota invests $44 million in Japanese rocket startup
πŸ“ Mobikwik Q2 results: Firm posts loss of ₹3.5 cr vs profit YoY, revenue at ₹291 cr
πŸ“ Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI
πŸ“ Nvidia CEO pitches robotics, cars as growth areas to CES audience
πŸ“ Globe Capacitors Partners with PolyCharge to Bring NanoLam™️ Technology to India

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7 January 2025 News

7th January 2K25

πŸ“ CDPQ taps global companies, looks to raise up to Rs 3,400 cr for India InvIT
πŸ“ Motilal Oswal Alternates raises over Rs 1,750 cr for sixth fund
πŸ“ FIU-IND signs pact with IRDAI to share information
πŸ“ Airtel, Voda Idea sell entire stake in Wi-Fi JV Firefly to iBus for Rs 9 crore
πŸ“ BPCL gives in-principle approval to joint venture company MNGL IPO
πŸ“ RBI adds 8 tons gold to its reserves in November 2024: WGC
πŸ“ Nuvoco Vistas to acquire Vadraj Cement through insolvency route
πŸ“ With new $650 million war chest for India, Accel eyes AI, consumer, fintech, manufacturing startups
πŸ“ Singaporean data centre company Digital Edge raises over $1.6 billion
πŸ“ Sharechat parent firm Mohalla loss narrows to Rs 1,897 crore in FY24
πŸ“ CRI Pumps bags Rs 754 crore deal from MSEDCL, to supply 25,000 solar pumps
πŸ“ EMO Energy raises $6.2 million in Series A led by Subhkam Ventures
πŸ“ Lodha achieves its highest quarterly pre-sales of Rs 4,510 crore in Q3
πŸ“ Meta moves NCLAT over CCI's Rs 213 cr penalty in WhatsApp privacy case
πŸ“ 2023 income inequality exceeded 1950s levels in India, says report
πŸ“ Railways ministry spends 76% of FY25 capital expenditure by December
πŸ“ Industry seeks extension of RoDTEP scheme to SEZs, EOUs till Sep-end
πŸ“ Rupee falls to new low of 85.83 as dollar hovers near two-year high
πŸ“ FinMin wants banks, NBFCs to join hands to fund large infra projects
πŸ“ RBI releases master direction on reporting of customers credit information
πŸ“ Govt plans mandatory hallmarking for silver amid rising consumer demands
πŸ“ Investment by CPSEs, agencies fell 10 per cent in April-November
πŸ“ Nxtra, Bizongo lead India’s emerging unicorns
πŸ“ Audit firms face talent crunch, as fee collections stagnate
πŸ“ D2C firm Frido set to be Rs 200-crore brand
πŸ“ Realty sector seeks higher tax benefit on home loans
πŸ“ Sterlite Grid 32 gets Rs 2,450 crore via listed NCDs to refinance MUML project
πŸ“ RIL arm enters hydration category with launch of new Raskik Gluco Energy
πŸ“ Lodha posts record quarterly pre-sales
πŸ“ IIFCL asked to extend Rs 1 lakh crore loans in 3 years
πŸ“ Govt launches updated PLI for speciality steel
πŸ“ PM Modi and Satya Nadella explore Microsoft’s expansion plans in India
πŸ“ Quadrant Future Tek raises ₹130.5 cr via anchor investors ahead of IPO
πŸ“ Exhicon raises ₹140.93 crore through preferential allotment
πŸ“ Budget 2025: FM Nirmala Sitharaman holds consultation with trade unions
πŸ“ India’s services sector growth rises to a four-month high in December.

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Monday, 6 January 2025

6 January 2025 News

6th January 2K25

πŸ“ Italy plans $1.5 billion SpaceX telecom security services deal
πŸ“ Karnataka tops as borrower among five southern states
πŸ“ Delhi issues guidelines to prevent HMPV
πŸ“ Mcap of four of top-10 most valued firms erode by Rs 96,605.66 cr; HDFC Bank hit hard
πŸ“ Farm credit offtake expected to surpass ₹27 lakh cr
πŸ“ NHAI prepays Rs 56,000 cr to its lenders in FY25 to save Rs 1,200 cr interest
πŸ“ Review of PSU General insurers on cards to gauge capital needs
πŸ“ Foxconn beats estimates with record fourth-quarter revenue on AI demand
πŸ“ Accel's $650 mn India fund to focus on AI, fintech startups, manufacturing
πŸ“ HDFC Bank's LDR falls below 100% for the first time after merger
πŸ“ Bank of India eyeing to sell stressed loans in Simbhaoli Sugars, Visa Steel
πŸ“ India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts
πŸ“ Commerce Min, Indian mission officials to hold talks to boost exports
πŸ“ India's forest and tree cover at 25.17% of total land area
πŸ“ Trai to tighten anti-spam norms; pilot to digitise past user consents
πŸ“ Govt to switch on massive subsidy to supercharge EV infrastructure
πŸ“ Growth in agri credit may top 13% in FY25: Nabard chairman Shaji KV
πŸ“ Travel conditions turn dangerous in US amid heaviest snowfall in decade
πŸ“ SAT gets new judicial member, second bench likely soon
πŸ“ Direct benefit transfers in FY25 cross Rs 4.15 lakh crore
πŸ“ OMCs may post subdued refining margins in FY26
πŸ“ Need 5-6 more cooperatives like Amul: PM
πŸ“ FPIs withdraw Rs 4,285 cr in 3 trading sessions amid high valuations, global headwinds
πŸ“ A 1000-cr fund to be launched to address climate issues in rural finance system
πŸ“ United Airlines to begin Starlink in-flight internet testing starting February
πŸ“ Dai-ichi Life Takes ¥140 Billion Loss Selling Off Long Bonds
πŸ“ Trump, Fed Seen Risking $127 Billion Bond Spree in Latin America
πŸ“ Winter storm paralyzes UK: Heavy snow forces airport closures, flights scrapped
πŸ“ New office space supply falls 6 pc to 451.5 lakh sq ft across top 8 cities in 2024: C&W report
πŸ“ India introduces 'e-Student' and 'e-Student-X' visas for international students
πŸ“ Tesla CEO Elon Musk donates shares worth $100 million to charities.

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Friday, 3 January 2025

3 January 2025 News

3rd January 2K25

πŸ“ DoT seeks Trai clarity on bank guarantee encashment
πŸ“ Working group formed to revise WPI base year to 2022-23 from 2011-12
πŸ“ DMart Q3 Update: Standalone revenue jumps 17% to Rs 15,565 crore
πŸ“ Karnataka: Cabinet allows KIADB to raise Rs 5000 Cr to develop industrial areas
πŸ“ Force Motors bags order to supply 2,429 ambulances to UP govt
πŸ“ UPI transactions rises 8 pc to 16.73 bn in December: NPCI data
πŸ“ Vedanta parent plans $1 bn raise to refinance high-cost debt
πŸ“ ICMR proposes revised version of National Essential Diagnostics List
πŸ“ Railways earnings rise 4%, capex 2% in 9 months of FY25
πŸ“ Balmer Lawrie & Co invests in 'pod' hotel startup NapTapGo
πŸ“ Accel closes eighth India fund with $650 million corpus
πŸ“ Zepto sets up new marketplace entity amid restructuring
πŸ“ PNB sees robust growth in deposits in Q3FY25; CSB Bank logs over 20% growth
πŸ“ Akums announces new facility for lyophilized, sterile dosage manufacturing
πŸ“ 172 mn jobs created during 2014-24; 46 mn in FY24: Mansukh Mandaviya
πŸ“ India's manufacturing PMI slips to 12-month low of 56.4 in December
πŸ“ Gadkari announces roadworks worth Rs 12,000 cr to ease Delhi's traffic woes
πŸ“ Rupee closes at fresh low of 85.76 against dollar despite RBI intervention
πŸ“ Cosmea Financial gets Sebi nod for MF foray
πŸ“ Tata Motors, M&M to get incentives worth Rs 246 crore under PLI scheme
πŸ“ Work demand under MGNREGA rises 8.3% in December 2024, shows data
πŸ“ India's sugar consumption likely at 28 million tonnes in 2024-25: Isma
πŸ“ Low rainfall in Jan-Mar may hit crop yields
πŸ“ India to add 30 GW RE capacity in 2 years to FY26
πŸ“ Banks’ credit growth to remain subdued in FY26: ICRA
πŸ“ Centre eases norms to fast-track capex loans to states
πŸ“ Smartworks takes 4.8 lakh sq ft in Gurugram for annual rent of Rs 94 crore
πŸ“ Snapdeal cuts losses by 43 per cent to Rs 160 crore in FY24
πŸ“ iBus Networks eyes ₹2,000 cr revenue by 2028, bets on digitization of buildings
πŸ“ US unemployment claims hit 8-month low as consistency prevails job market
πŸ“ Sebi clubs fund diversion, disclosure violation probes against ZEE, executives
πŸ“ TVS Motor sales jump 7% in December to 3.2 lakh units
πŸ“ Vi gears up for 5G rollout, plans 15% cheaper than Jio and Airtel: Report
πŸ“ ₹2,000 currency notes worth ₹6,700 crore yet to be returned, says RBI.
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πŸ‘‰πŸ»MSME bodies seek Audit exemption for firms below Rs 5 Cr turnover.
(Industry bodies representing micro, small, and medium enterprises (MSMEs) have urged the government to exempt MSMEs with turnovers below Rs 5 crore from audits)
πŸ‘‡πŸ» πŸ‘‡πŸ» πŸ‘‡πŸ»
https://shorturl.at/58hLk
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Thursday, 2 January 2025

2 January 2025 News

2nd January 2K25

Economic Times

πŸ“ Bank lending slowed across sectors in November
πŸ“ Sebi mandates simplified compliance for listed entities with integrated filing framework
πŸ“ A-One Steels India files draft papers with Sebi; eyes Rs 650-crore IPO
πŸ“ Govt extends 2 crop insurance schemes till 2025-26; creates Rs 824.77 cr fund for tech infusion
πŸ“ GST collection rises 7.3 pc to Rs 1.77 lakh crore in December
πŸ“ MoUs worth Rs 18,500 cr investment potential inked in 7 mega textile parks: Govt
πŸ“ India's power consumption up nearly 6 pc to 130.40 bn units in December
πŸ“ Accel closes eighth India fund with $650 million corpus

Business Standard

πŸ“ Karur Vysya Bank's Q3 FY25 business rises 15% to Rs 1.82 trillion
πŸ“ Air India becomes first Indian airline to offer Wi-Fi on domestic flights
πŸ“ Sun Pharma sells entire stake in Japanese arm to Zaza Industrial Holdings
πŸ“ Sasan Power makes $150 million bullet payment on debt with IIFCL
πŸ“ New govt infrastructure projects down by over 20% in December quarter
πŸ“ Credit growth to NBFCs declines to 7.8% in November, shows RBI data
πŸ“ Indices begin 2025 with gains, marking 7th consecutive first-session rise
πŸ“ IMD says 2024 warmest year in India since 1901; China also heating up
πŸ“ Auto sales shake off pandemic blues, hit record high of 26.1 mn units
πŸ“ Centre extends additional subsidy on DAP, costing up to Rs 3,850 crore
πŸ“ MSME bodies seek audit exemption for firms below Rs 5 crore turnover
πŸ“ NSO seeks private firms to conduct socio-economic sample surveys

Financial Express

πŸ“ IREDA’s loan disbursements surge 41 per cent in Q3FY25
πŸ“ Acronis aims to strengthen India business, sees 48% growth in data centres by 2030
πŸ“ India, Pakistan exchange nuclear installations list under 1988 agreement

Mint

πŸ“ Microfinance self-regulator defers capping lenders per borrower to 1 April
πŸ“ India’s petroleum exports plunge amid weak global demand, Red Sea disruptions
πŸ“ Eureka Conveyor Belting gets BSE nod for fundraiser via SME IPO
πŸ“ Jaishankar meets Qatar PM, reviews bilateral cooperation
πŸ“ FinMin directs PSBs, insurers to expedite resolution of grievances
πŸ“ China's Alibaba to offload Sun Art stake to DCP for $1.6 billion
πŸ“ WhatsApp tops cyber scam charts: Over 43,000 complaints in 2024's first quarter
πŸ“ ₹2000 notes withdrawal: ₹6,691 cr worth such notes still with public
πŸ“ India's coal production by CIL drops in April-Dec, fossil fuel output down 9.4%
πŸ“ IMD forecasts rain over Delhi and parts of northwest India this week
πŸ“ Agritech sector to create 60-80K new job opportunities in next 5 years
πŸ“ Earthquake of 3.2 magnitude hits Gujarat's Kutch.

πŸ“² Download my Android app "Updates by CARJ" πŸ“š to stay connected with latest news and updates πŸ“https://carohitjaiswal.blogspot.com/p/update-android-app.html?m=0
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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)
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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)
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https://shorturl.at/Hb1vD

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πŸ“² Download my Android app "Updates by CARJ" πŸ“š to stay connected with latest news and updates πŸ“

https://carohitjaiswal.blogspot.com/p/update-android-app.html?m=0

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