Private equity-venture capital investments increased by 10% in the January-March 2025 period, reaching $7.9 billion. Notable deals included Bain Capital's Rs 4,390 crore investment in Manappuram Finance, Actis' $163 million investment in Stride Climate Investments, and Darwinbox's $140 million raise led by Partners Group and KKR.
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Eli Lilly plans to turn India into a growth market by addressing its diabetes and obesity challenges with its new treatment, Mounjaro. CEO David Ricks is optimistic about India's growth potential and highlights the transformative power of innovative medicines alongside generics in managing public health.
RBI has eased rules for asset reconstruction companies (ARCs) to settle dues with defaulters based on the realisable value of assets. Smaller loans up to Rs 1 crore can be settled through a board-approved policy, while larger loans require a board-level panel decision. This change aims to improve recoveries and expedite settlements for personal loan defaults.
China has emerged as a significant player in AI foundation models with DeepSeek, creating powerful AI models at lower costs than the West. This has spurred a debate in India about whether to develop indigenous large language models or focus on smaller, application-specific ones. Experts emphasize the need for investment in research, infrastructure, and innovation to enhance India's AI capabilities.
FM Nirmala Sitharaman emphasized the importance of maintaining fiscal responsibility in public finance, highlighting the need to balance borrowing with sustainable growth. She warned against excessive debt, citing long-term implications, and praised the collaborative efforts in the GST Council to generate revenue responsibly.
India's foreign exchange reserves dropped by $8.478 billion to $644.391 billion for the week ending December 20, marking a continued decline. The reduction is mainly due to the revaluation and RBI's efforts to stabilize rupee fluctuations. Foreign currency assets and gold reserves saw significant reductions, contributing to the overall decline in reserves.
Optimistic expectations from the upcoming Budget have boosted the sensex by 741 points to 77,501 points, adding about 2,100 points in the last four sessions. Investor sentiment was also lifted by the economic survey, which projected growth of 6.3-6.8% for FY26 and positive comments on increased government capex.
US stocks witnessed a sharp decline. The Federal Reserve cut interest rates for the third time this year. The Fed hinted at fewer rate cuts in 2025 than previously expected. Investors reacted negatively to this news. Bond yields increased, adding pressure on stocks. Smaller companies were hit particularly hard. Global markets showed mixed reactions to the Fed's decision.
Indian tax authorities have demanded Samsung and its executives to pay $601 million in back taxes and penalties for misclassifying telecom equipment imports. The company was accused of evading tariffs, with seven executives facing fines. Samsung claims compliance with the law and is exploring legal options.
Global trade in 2025 is expected to transform due to geopolitical tensions, potential US-China trade wars, AI advancements, and sustainability demands. Experts urge Indian exporters to prioritize AI strategy and environmental standards to stay competitive. New technologies and trade agreements pushing sustainability are crucial for future trade dynamics.
Infosys raised its revenue forecast for the fourth straight quarter, projecting 4.5-5% growth for the 2024-25 fiscal year. Revenue increases are driven by strong demand in banking and financial services sectors and easing pressures on discretionary spending. However, its stock price fell nearly 6% on the NYSE.