The Commerce and Industry Minister, Piyush Goyal, emphasized the government's efforts to develop an export strategy to boost shipments of goods and services, aiming for USD 2 trillion by 2030. Strategies include addressing exporters' concerns, optimizing SEZs, and addressing trade issues, particularly concerning China's dumping practices.
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Adani Total Gas Limited (ATGL) posted a net profit of Rs 142.38 crore for Q4 2024, marking a 19.4% decline YoY. However, revenues from operations increased by 12.5% YoY. Despite reduced APM gas allocation, ATGL ensured uninterrupted CNG supply and focused on expanding its network, adding new CNG stations and connections, including the new Jalandhar GA.
Nissan is ceasing car production in India and selling its 51% stake in a Chennai factory to Renault. Despite struggling with market share, Nissan will continue to introduce new models and remain active in India. Renault plans new investments and electric vehicles, aiming to replicate past successes with models like Duster and Kwid.
Sebi is expanding the T+0 settlement cycle to 500 more stocks, starting January 31, 2025. Initially, the bottom 100 of the top 500 companies by market capitalization will be included, with 100 more added each subsequent month. All brokers will offer T+0, and by May 2025, custodians and block trades will also participate.
Aditya Birla Group chairman Kumar Mangalam Birla identifies the “Trump factor†as influential in global dynamics for 2025. The US is a vital market for the conglomerate, which has invested over $15 billion there. Birla highlights India's emerging industrial strengths, exemplified by Apple's ecosystem shifting to India and UltraTech Cement's significant growth, reflecting India's role in global manufacturing.
China's foreign minister Wang Yi criticizes the US for imposing arbitrary tariffs despite China's efforts to curb fentanyl exports. He warns that such actions disrupt global stability and mutual trust. Wang emphasizes China's strong ties with Russia and calls for greater representation of developing nations in global governance, highlighting China's role as a stabilizing force.
The Institute of Chartered Accountants of India (ICAI) has disciplined a record 241 CAs this financial year, up from 119 last year. ICAI's president Charanjot Singh Nanda stressed maintaining high ethical standards and efficient disciplinary actions. Nanda emphasized that audit work is exclusive to Chartered Accountants and aims to make Indian CA firms global players, seeking government support.
Inflation is a major concern for FY26, driven by higher raw material costs and domestic pressure. The depreciation of the Chinese Yuan and geopolitical tensions are also contributing factors. The Indian Rupee is expected to weaken further, with the Reserve Bank of India likely balancing growth and inflationary pressures while defending the Rupee.
Indian equity market shows promise as the Nifty 50 ends a three-week slide, closing nearly 2% higher. Key factors include positive macroeconomic indicators, a drop in the dollar index, and RBI's liquidity support. As markets anticipate volatility in a shortened week due to the Holi festival, FII activity, global market dynamics, and technical levels will be critical.
Defence PSU Hindustan Aeronautics Limited (HAL) recorded provisional revenue of Rs 30,400 crore in 2024-25, despite delivery shortfalls of Light Combat Aircraft and Advanced Light Helicopter. An improved order book allowed HAL to expand production capacities and secure significant contracts, including a landmark deal worth Rs 62,777 crore for 156 Light Combat Helicopters.
Cryptocurrency prices fell as President Trump announced new tariffs, but Bitcoin showed some recovery. Other digital assets like Ethereum and dogecoin saw larger declines. Trump's meme coin also plummeted significantly. Despite his earlier skepticism, Trump now supports crypto, aiming to make the U.S. a leader in the industry. Bitcoin remains close to its record high despite fluctuations.