Business Standard - January 14, 2025
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January 14, 2025
Sensex sheds 1.4% amid FPI selling
Indian equities plummeted on Monday amid heavy foreign portfolio investor (FPI) selling, driven by concerns about corporate earnings for the December quarter and the latest US jobs report, which signaled fewer rate cuts by the US Federal Reserve.
2 mins
Crude shock for ₹, markets
₹ worst performer in Asia; logs sharpest single-day decline in 2 years against $
3 mins
India's Billionaire Promoters' Club Tops 200 Members
Combined wealth hit $1 trn in 2024; net worth of top 2 higher than next 8
3 mins
Family row: Kalyani faction drops letter 'bomb'
Kalyani Investments says Hiremaths deliberately suppressed N Vaghul's 2023 letter addressed to them
2 mins
India Inc's leverage may improve in FY27: Fitch
Benefitting from improving earnings before interest, taxes, depreciation, and amortisation (Ebitda), Indian-rated corporates are likely to see their net leverage ratio decline to 2.7x in the next financial year 2025-26 (FY26) from 3.1x in the year ending March 2025 (FY25).
1 min
Hyundai Expects Passenger EV Market To Double In 2 Years
Hyundai Motor India, which is set to launch its Creta Electric SUV at the Bharat Mobility Global Auto Expo, expects the passenger electric vehicles’ volume in India to double in the next two years from around 106,000 units, owing to a series of launches by major original equipment manufacturers in 2025.
2 mins
HCLTech Q3 net up 5.5%, lower end of revenue forecast raised
Total contract value came in at $2.1 billion; CEO cautions on changes in global biz environment
2 mins
At $1.9 Bn, Fintech Funding Falls For Third Yr In A Row
Funding in India's fintech sector contracted for a third consecutive year, with the sector raising $1.9 billion in 2024, according to data from market intelligence platform Tracxn.
1 min
Aragen Secures $100 Mn From Quadria
Contract research, development and manufacturing organisation Aragen on Monday said it had secured a $100 million investment from private equity fund Quadria Capital.
1 min
PAG buys majority stake in Pravesha for $200 million
PAG, an Asia-Pacific-focused alternate investment firm, has acquired a majority stake in Pravesha Industries, a pharmaceutical packaging company, at an enterprise valuation of $200 million, according to a source close to the development.
1 min
New Shop looks to raise $25 mn to accelerate store expansion
New Delhi-headquartered convenience store chain New Shop, which recently acquired its rival Godfrey Phillips India (GPI)-controlled 24Seven, is raising $25 million in fresh funding after bringing on board South Korean investor Redwood Equity Partners in a previously undisclosed deal, people aware of the matter said.
2 mins
Exchange rate stability desirable? Not really, data shows
It remains to be seen whether the RBI will show greater tolerance for exchange rate under Governor Sanjay Malhotra
4 mins
Net Direct Tax Mopup Rises 16% to ₹16.9 Trillion Until Jan 12
Net direct tax collection surged 15.9 per cent to ₹16.9 trillion between April 1 and January 12 of 2024-25 (FY25), according to the latest data released by the income tax (I-T) department on Monday.
1 min
Need tech-savvy forces to protect digital world: FM
India needs to build tech-savvy forces to protect its digital world, which is a catalyst for economic growth, at a time when technology, if misused by vested interests, can threaten the country's financial services and national security, Finance Minister (FM) Nirmala Sitharaman said on Monday.
1 min
Retail inflation eases to 4-month low of 5.2% in Dec
But hopes of rate cut in Feb policy meet recede: Experts
2 mins
'High demand for US visa an opportunity for closer ties'
At a time when the high demand for visas by Indians to travel to the US is seen as a significant issue, US Ambassador to India Eric Garcetti on Monday said that he sees this as an opportunity for closer ties.
1 min
Fintechs' Personal Loan Portfolio Falls 10% in Q2: FACE
The growth rate of unsecured personal credit is normalising, with quarterly loan sanction values moderating in the first two quarters of the current financial year (FY25), according to a report by the Fintech Association for Consumer Empowerment (FACE), the only self-regulatory organisation for fintechs (SRO-FT).
1 min
Latest sanctions on Russia may cut off access to discounted crude
Govt hopes there will be no shortage, no disruption for 6-8 weeks, say official sources
2 mins
E-com spend driving use of credit cards in non-metros: Visa
With rising disposable incomes in cities beyond metros, the penetration of credit cards—and consequently, credit card spending—is growing at a much faster pace than in traditional metro cities, primarily driven by e-commerce spending.
1 min
UK Premier plans to make Britain 'world leader' in AI
UK Prime Minister Keir Starmer on Monday laid out plans to unleash the potential of Artificial Intelligence (AI) with the help of billions of pounds of investment and dedicated AI Growth Zones to speed up infrastructure to make the UK a \"world leader\" in the sector.
1 min
New US curbs will destabilise global market, says Russia
The Kremlin said on Monday that the latest round of US sanctions on the Russian energy sector risked destabilising global markets, and Moscow would do everything possible to minimise their impact.
1 min
US tightens grip on AI chip flows across the globe
The US government said on Monday it would further restrict artificial intelligence chip and technology exports, dividing up the world to keep advanced computing power in the US and among its allies while finding more ways to block China's access.
2 mins
Malaysia Imposes Anti-Dumping Duties on Iron, Steel from India, 3 Others
Malaysia has imposed provisional anti-dumping duties on some exports of flat-rolled iron products or non-alloy steel from China, India, Japan, and South Korea, the trade ministry said.
1 min
China's Trade Surplus Now Close to $1 Trillion
China's trade surplus soared to a record last year, driven by strong exports that boosted the economy but may soon be threatened by the incoming Trump administration.
1 min
Everyone's on edge: Los Angeles braces for fires, evacuations, and damage
As the Los Angeles wildfires rage on, millions of residents are preparing for another week of uncertainty, packing go-bags with vital documents and irreplaceable mementos while keeping watch for evacuation orders.
2 mins
Apple fights £1.5bn App Store lawsuit in UK antitrust trial
Apple has abused its dominant position by charging app developers an unfair 30 per cent commission through its App Store, costing British consumers up to £1.5 billion ($1.8 billion), a London tribunal heard on Monday.
1 min
J&J Set to Acquire Intra-Cellular for $14.6 Billion
Johnson & Johnson said on Monday it will buy neurological drugmaker Intra-Cellular Therapies for $14.6 billion, its biggest deal in at least two years, boosting its presence in the market for brain disease treatments.
1 min
Decoding the middle class
What makes a person identify themselves as a member of the middle class?
3 mins
One step back
Draft UGC regulations add to Centre-state tensions
2 mins
Building on missions
What the Indian state should learn from the Mahakumbh
2 mins
Can global markets keep rising?
Financial history favours investing outside the US
4 mins
A School for Ease of Doing Business
Business is the engine of wealth creation and economic growth.
4 mins
There's still 'degree' of standoff at LAC: Army chief
Army Chief Gen Upendra Dwivedi, addressing a press conference on Monday ahead of the Army Day on January 15, said there is still a \"degree\" of standoff between the Indian and Chinese militaries along the Line of Actual Control in eastern Ladakh and both sides need to sit down and firm up a broader understanding on how to calm down the situation.
1 min
Farm groups to put up a united front
SKM, KMM and SKM (Non-Political) hold joint meeting
1 min
Odisha joins Ayushman Bharat-PMJAY scheme
The Odisha government on Monday signed a memorandum of understanding (MoU) with the National Health Authority (NHA) to implement the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) in the state.
1 min
PM inaugurates ₹2.7K cr Z-Morh tunnel in J&K
Project will provide all-weather connectivity between Srinagar and Leh
2 mins
MERCURY RISING
On Friday, the World Meteorological Organization (WMO) added a new dreadful dark red stripe to represent 2024 as the hottest year in recorded weather history, which started with a cool blue tone.
5 mins
Bezos' Blue Origin delays debut mission for New Glenn rocket
Launch called off due to last-minute technical issues
1 min
Krav Maga packs a punch for self-defence in India
Israeli fighting method has been gaining traction in the country over past few years
3 mins
JSW Cement gets Sebi nod for ₹4,000 cr public offer
JSW Cement, part of Sajjan Jindal-promoted diversified JSW group, has received Sebi's go-ahead to raise ₹4,000 crore through an initial public offering (IPO), an update with the markets regulator showed on Monday.
1 min
Budget key trigger for life insurers in near term
The data for individual weighted received premium (WRP) showed divergent trends for life insurers in December 2024.
2 mins
Economy strong but equities face near-term challenges: ICICI Pru MF
Fund says investors should prefer hybrid, largecap schemes
1 min
Groww Eyes IPO This Year, Targets $6-8 Billion Valuation
Firm Has Held Talks With Multiple i-Bankers For The Purpose
2 mins
Risk-reward balance poor despite recent correction: Report
The risk-reward balance for the Indian market is poor despite the recent correction, said Kotak Institutional Equities in a note.
1 min
₹ slide Could Hasten Market Freefall
FPIs Could Rush to Exit If the Decline Persists
2 mins
Bet on quality funds amid slowing economic growth, mkt turbulence
WhiteOak Capital Mutual Fund recently launched the White Oak Capital Quality Equity Fund.
2 mins
Business Standard Newspaper Description:
Verlag: Business Standard Private Ltd
Kategorie: Newspaper
Sprache: English
Häufigkeit: Daily
Business Standard is India's leading business daily.
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Business Standard's editorial team is led by Shyamal Majumdar.
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