Vivo India and Dixon Technologies are forming a joint venture for contract manufacturing electronics, including smartphones. Dixon will hold a 51% stake. The partnership aims to boost local manufacturing and Vivo's presence in India, with the JV handling some of Vivo's OEM orders and potentially those of other brands.
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India is likely to witness a $50 billion consumption and savings boost due to the wage revision for central government employees and pensioners in January 2026. Around 3.1 crore people are expected to benefit, with UBS predicting the hike to have a stable impact on India's fiscal position, favoring savings over consumption.
Laxmi Dental raises Rs 314 crore from anchor investors before its IPO, attracting top domestic and international funds. The IPO will offer shares at a price band of Rs 407-428, with proceeds used for debt repayment, capital expenditure, and investments in subsidiaries, planning to list on BSE and NSE.
Samsung reported a 129.85% year-on-year surge in Q4 operating profit, reaching 6.5 trillion won. Despite this growth, it fell short of the previous quarter due to challenges in meeting AI chip demand and increased R&D expenses. Competition from SK hynix and market conditions contributed to the dip in profits.
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.
Gold prices hit a record high of $3,160 per ounce as investors sought safe havens amid declining stock market futures following President Donald Trump's announcement of new tariffs on major trading partners. Stocks and futures markets experienced significant declines, particularly in technology and clothing sectors, with companies like Apple, Nvidia, and Gap seeing substantial drops.
Coffee Day Enterprises Ltd (CDEL) faces resumed insolvency proceedings as the NCLAT did not issue its order by the Supreme Court’s deadline. The insolvency process, initially started due to Rs 228.45 crore default claim, was previously stayed pending appeal.
The rupee experienced its sharpest single-day drop in two years, closing at 86.58 due to a stronger US dollar following robust job data and new sanctions on Russian oil. Additional factors like reduced forex reserves, FII outflows, and market expectations of prolonged high US interest rates aggravated the decline.
In November, the RBI sold $20 billion from its forex reserves to stabilize the rupee. Nomura observes that the central bank has sold $89.4 billion since October 2024, yet India's forex reserves remain adequate with a 236% adequacy ratio as of January 3, 2025. Despite a dip from a peak of 266%, the reserves remain robust.
RBI's decision to infuse ₹1.5 lakh crore liquidity boosted banking stocks, leading to a sensex rise of 530 points. Despite a late sell-off, major banks led gains, while foreign funds continued selling. Mid- and small-cap sectors saw declines. Upcoming events, such as the US FOMC meeting and Union Budget, are expected to contribute to market volatility.
Air cargo demand rose by 3.2% year-on-year in January 2025, maintaining 18 months of growth, according to IATA. Capacity also increased by 6.8%. However, yield and cargo load factors slightly declined. Positive factors include trade growth and e-commerce, but tariffs remain a concern. Regional performance varied, with Latin America showing the strongest growth.