JSW Energy will acquire the green energy business of O2 Power for Rs 12,468 crore in an all-cash deal, enhancing its portfolio with 4.7 GW of renewable projects. The acquisition coincides with JSW's mission to achieve 20 GW generation capacity by 2030 and is expected to complete by May 26.
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The rupee experienced its strongest single-day gain since June 2024, closing at Rs 86.36 against the US dollar, bolstered by a dip in the dollar index and positive domestic market cues. Equities saw positive movement, and crude oil prices pulled back amid potential resolution in the Middle East conflict.
Cryptocurrency trading is booming in smaller Indian cities, attracting investors under 35. Meme coins like Dogecoin and SHIB are gaining popularity despite high taxes. Global crypto markets surged after pro-crypto US President Trump's election and appointment of Paul Atkins to the SEC, boosting Bitcoin's market cap to $2 trillion.
Macquarie, Nomura, Kotak Institutional Equities, Kotak Institutional Equities, Morgan Stanley, HSBC
Mahindra & Mahindra Ltd. reported a 16% rise in total automotive sales to 69,768 units in December. The company's utility vehicle segment saw an 18% growth, and commercial vehicle sales reached 19,502 units. Tractor sales, including exports, rose by 22%, with 22,943 units sold in December.
Zydus Wellness Ltd announced that its subsidiary, Zydus Wellness Products Ltd, has received a GST demand of Rs 56.33 crore with interest and penalties from the tax authority. The demand relates to the pre-acquisition period before January 30, 2019, concerning the acquisition of intellectual property rights from Heinz Italia S.P.A.
India's solar PV module manufacturing is set to reach 125 GW by 2030, up from 80 GW today. Solar cell capacity will rise to 40 GW. Pralhad Joshi highlighted local manufacturing and government's incentives. India aims to double its renewable energy capacity by 2030 and become a global leader in sustainable energy. Connectivity will reach more villages.
Stock markets in 2025 are set to be influenced by corporate earnings, FPI trends, and key economic indicators like GDP Growth and IIP. Expectations are high for IT major TCS's Q3 results, and the US National Security Adviser's visit to bolster strategic ties and technology advancements in India will be closely monitored.
In 2024, funds raised for Indian startups fell to $2.7 billion, the lowest in four years. SoftBank and Tiger Global issued smaller follow-on checks and remained cautious. With global investors on the sidelines, local family offices and hedge funds led the investments. Analysts expect startup funding to pick up pace in the coming months.
As geopolitical tensions evolve into new forms, 40 per cent of board members and C-suite executives are are now identifying economic conditions as the most significant risk factor for their organisations over the next two to three years, according to a report by Protiviti.
PepsiCo aims to double its revenue in India over the next five years, citing the country as a major growth driver. The company is investing in new plants and expanding capacity to meet rising demand. India is currently among PepsiCo's top three global markets, contributing significant double-digit growth.