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FPIs on selling spree: ₹22,000 crore withdrawn from Indian equities in Jan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