India’s economy is projected to grow at 6.4% in FY25, marking its lowest growth rate in four years, according to the government’s first advance estimates released on January 7. This would be the first time in four years that GDP growth falls below the 7% threshold. The economy performed well in Q1 of the FY25 […]
India’s GDP Growth May Slow to Four-Year Low of 6.4% in FY25: Government Estimates Read More »
Fintech company One MobiKwik Systems Ltd. reported a net loss of ₹3.6 crore for the September 2024 quarter, reversing a net profit of ₹5.3 crore in the same period last fiscal. The loss was attributed to an increase in expenses, the company said in an exchange filing on January 7. Despite the loss, operational revenue
MobiKwik Posts ₹3.6 Crore Net Loss in Q2 Amid Rising Expenses; Revenue Grows 43% Read More »
Shares of Zydus Lifesciences surged over 5% on January 7 following the announcement of a strategic agreement with US-based healthcare firm CVS Caremark. The collaboration will see Zydus’ diabetes products included in CVS Caremark’s template formulary, enhancing access to these treatments in the US market. The agreement covers Zituvio (sitagliptin), Zituvimet (sitagliptin and metformin hydrochloride),
Zydus Lifesciences Gains 5% After Securing Deal with CVS Caremark for Diabetes Products Read More »
NTPC Green Energy Ltd., the clean energy division of NTPC Ltd., is set to establish a massive green hydrogen hub in Pudimadaka, near Visakhapatnam, Andhra Pradesh, with an investment of ₹1.8 trillion ($21 billion). This ambitious project is part of India’s National Green Hydrogen Mission and aims to bolster the country’s transition to carbon-free fuel.
NTPC’s Clean Energy Arm Plans ₹1.8 Trillion Green Hydrogen Hub in Andhra Pradesh Read More »
Shares of JSW Energy tumbled over 5% on January 6 after the Central Electricity Regulatory Commission (CERC) declined to approve the proposed tariff for the company’s battery energy storage project associated with Solar Energy Corporation of India Limited (SECI). CERC, in its order dated January 2, 2025, mentioned that the proposed tariff was considerably higher
JSW Energy Shares Slide 5% as CERC Rejects Tariff Proposal for SECI Project Read More »
The Indian government is set to unveil a Production-Linked Incentive (PLI) scheme worth ₹25,000 crore for electronic components, as per reports from CNBC-TV18 on January 6. The Finance Ministry has already approved the proposal, and the Ministry of Electronics and Information Technology (MeitY) is expected to seek Cabinet approval. The announcement could be part of
PLI Scheme for Electronic Components Worth ₹25,000 Crore Likely in Budget 2025 Read More »
ITC Ltd., the cigarettes-to-FMCG conglomerate, is set to grab investor attention on January 6 as its hotel division, ITC Hotels, spins off into a separate listed entity. Under the demerger scheme, ITC shareholders would receive one equity share of ITC Hotels for every 10 shares of ITC. ITC would hold 40% stake in ITC Hotels
ITC Hotels Demerger Takes Effect; Special Pre-Open Session Scheduled Today Read More »
The Reserve Bank of India (RBI) has granted approval to HDFC Bank, India’s largest private lender, to acquire up to a 9.5 percent stake in AU Small Finance Bank (AU SFB). The bank has one year from the approval date to finalize the acquisition, after which the approval will expire. In a filing, AU Small
HDFC Bank Gets RBI Approval to Acquire Stake in AU Small Finance Bank Read More »
Bajaj Finance, one of India’s leading non-banking financial companies (NBFCs), reported robust performance in the October-December quarter of FY25. The company achieved significant growth across key business metrics, according to its update filed on January 3. The AUM of the company soared 28 percent year-on-year to reach ₹3.98 lakh crore as of December 31, 2024,
Bajaj Finance Q3 Business Update: Strong Growth in AUM and Customer Base Read More »
The Indian government can impose restrictions on cross-border data transfers to foreign nations, entities, or individuals based on concerns related to national security, sovereignty, or privacy, as per the draft rules of the Digital Personal Data Protection (DPDP) Act. These draft rules, released on January 3, are open for public consultation until February 18. While
Govt Empowered to Restrict Cross-Border Data Transfers Under Draft DPDP Rules Read More »
