TIP Skill Academy

*News Headlines from Business News Agencies :* *Business Standard :* 📝 Retail inflation for farm workers eases to 5.96%, rural labourers to 6% 📝 Wheat sowing up 2.28% while oilseeds acreage falls 4.34% in ongoing winters 📝 Car sales drop by 14% in November, two-wheelers see 16% jump: Fada 📝 Blackstone plans to invest up to $5 bn of third Asia-focused fund in India 📝 Rajasthan Summit: Vedanta, top industrialists announce major investments 📝 Mumbai's infrastructure revamp takes centre stage as new govt takes charge 📝 Metropolis Healthcare to acquire Core Diagnostics for Rs 247 crore 📝 Insurers urge IRDAI crackdown against OEM-linked motor insurance brokers 📝 IT sector to witness 15-20% growth in job opportunities in 2025: Report 📝 India's copper demand rises by 13% to hit 1,700 kilo tonnes in FY24 📝 China's BYD on track to top 2024 sales goal and outsell Ford, Honda 📝 Tata Group-owned Air India places an order with Airbus for 100 planes *Economic Times :* 📝 Dezerv surpasses Rs 10,000 cr in AUM; targets Rs 25,000 cr by Dec 2025 📝 Waaree Energies bags order to supply 1 GW solar PV module 📝 Kia India to hike vehicle prices by up to 2% from January 📝 PSB loan write off in H1 FY25 at Rs 42,000 cr 📝 IIT Guwahati develops tech to convert methane, carbon dioxide into eco-friendly biofuel 📝 Tata Motors to hike passenger vehicle prices by up to 3 pc from January 📝 Trident Group plans to invest Rs 3,000 cr in Madhya Pradesh 📝 Bank of Baroda launches new MSME offerings-‘Baroda Mahila Swavalamban’ and ‘Baroda Smart OD’ 📝 Popular US-based weight loss drug maker Eli Lilly plans to launch medicine in India next year 📝 Will procure about 2000 mw power from SECI next FY: AP discoms in filing with state regulator 📝 Digital agency DEPT appoints David Neal as Global CFO *Mint :* 📝 Global investors see India as key market for PE investments: Coller Cap report 📝 India appoints Revenue Secretary Sanjay Malhotra as new RBI Governor 📝 China eases monetary policy stance, vows more fiscal support 📝 Input Tax Credit fraud: ₹35,132 crore evasion detected by GST officers 📝 BP and Jera to Invest Up to $5.8 Billion in Offshore Wind 📝 India's media and entertainment industry to hit ₹3.65 trillion by 2028 📝 India, Australia review Comprehensive Economic Cooperation Agreement 📝 MapMyIndia scraps decision to invest in outgoing CEO Rohan Verma’s startup 📝 GIC Picks JPMorgan to Advise on $5 Billion Greenko Stake Sale 📝 PE fund Wilson & Hughes to pump in ₹1,000 crore to revive Cox & Kings 📝 India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases

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*News Headlines from Business News Agencies :* *Business Standard :* 📝 SBI looks to sell Rs 2,732 cr of bad loans in ARSS Infrastructure Projects 📝 Lockton aims to double business outside US in 4 Years, says CEO Chris Brown 📝 API cyberattacks dominate as India sees record 1.2 billion hits in Q3 📝 Hotel asset management companies make room for international brands 📝 U'khand to impose green cess on out-of-state vehicles; EVs, bikes exempted 📝 CII urges govt to stick to fiscal deficit target of 4.9% of GDP for 2024-25 📝 Fintech firms embrace AI for credit, payments, customer insights, more 📝 Total recycling units in India reach 295; highest in UP, followed by K'taka 📝 Mergers & acquisitions make a comeback in 2024, up 13.5% till November 📝 Mumbai's infrastructure revamp takes centre stage as new govt takes charge 📝 Yum! Restaurants India FY24 results: Profit at Rs 162 cr, income up 13% *Economic Times :* 📝 Electronics component makers seek Rs 72,500 cr financial package to cut reliance on imports 📝 Ant Group's President Han to become CEO in March; Jing to stay as chairman 📝 Myntra turns in a profit in FY24, revenue jumps 15% to Rs 5,122 crore 📝 Insurance Amendment Bill proposing 100 per cent FDI unlikely in winter session 📝 Companies whose HY25 profits surpassed FY24 levels beating slowdown 📝 Natural gas prices hovering near 1-year high as peak winter season approaches 📝 Aadhar Housing Finance aims AUM of over Rs 25,000 cr by March 25 📝 Aligning Indian auditing with global standards to boost investor confidence, attract more funds: NFRA chief 📝 NCLT asks two Tata NBFCs to seek merger nod from stakeholders 📝 Battery innovations may boost e-car revolution in sub-₹20 lakh segment 📝 Indian unit of LG Electronic launches new rental business for its appliances *Mint :* 📝 Air India Express-AIX Connect merger will drive long-term sustainable profitability: MD Aloke Singh 📝 Lemon Tree eyes shared loyalty alliances with international hotel chains 📝 Govt asks lenders to hold off on insolvency for MTNL 📝 Norway plans to ratify India-EFTA trade pact next year 📝 Govt plans to decriminalise MSMEs’ minor defaults 📝 Cars set to get expensive from January as OEMs announce price hikes 📝 Poonawalla Fincorp CTO Dhiraj Saxena steps down, cites harassment from CHRO 📝 FDI inflows to India surpass $1 trillion, with investment set to rise in FY25 📝 Easy Trip Planners enters into definitive agreements for three acquisitions 📝 EV maker VinFast to build second production plant in Vietnam

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*🇮🇳 India Daybook ~ Stocks in News* *GRSE:* Company signs contract for construction and delivery of 2nd ship from series of 4. (Positive) *Waaree Energies:* Company secured a second NABL accreditation for its advanced PV module testing lab in Chikhli, Gujarat. (Positive) *Dynamic Services:* Company gets offer letter for “Mega Project” from the Government of Maharashtra to set up a new project for manufacturing of solar PV panels 1800 MW (Positive) *Afcons Infrastructure:* Company achieves longest tunnelling drive for DMRC in Delhi Metro Phase 4. (Positive) *Shriram Pistons:* Company renewed its 5-year Technical Collaboration Agreement with Fuji Oozx Inc., Japan. (Positive) *PG Electroplast:* Company’s long-term rating upgraded to CRISIL A+. (Positive) *NBCC:* Company wins ₹599.35 Cr work order from National Health Mission, Maharashtra (Positive) *Abha Power:* Company secured a ₹6 crore order from Indian Railways. (Positive) *Lemon Tree Hotels:* Company announced a new resort in Pavagadh, Gujarat, India. (Positive) *Advait Energy:* Company received a domestic order from NRSS Transmission Ltd for Supply and Installation of 24 F OPGW for a 400 KV transmission line (Positive) *Harsha Engineers:* Company signed a long-term agreement with a multinational bearing company to supply bearing cages. (Positive) *Mehai Technology:* Company receives ₹16.24 Cr order from Leapfrog Engineering for equipment maintenance. (Positive) *Electronics Mart:* Company opened a new Bajaj Electronics store (6,300 sq ft) in Vijayawada, Andhra Pradesh. (Positive) *Canara Bank:* RBI approves for divesting its shareholding in Canara Robeco AMC & Canara HSBC Life Insurance Company by 13% and 14.5% respectively through IPO. (Positive) *GPT Healthcare:* Company said it has entered into a MoU and Letter of Intent with Naveen Singh and other lessors to construct and finish a high-class hospital building in Jamshedpur. (Positive) *RITES:* Company said it has been appointed as the Project Management Consultant for the development of the Phase II campus of the IIM Raipur. (Positive) *Larsen & Toubro:* Company received a Rs 4.4 crore penalty notice from the Joint Commissioner, CGST & Central Excise, Jamshedpur. (Neutral) *Kolte-Patil Developers:* Company to sell 17% stake in Kolte-Patil planet kiwale project, deal worth Rs 37.9 million (Neutral) *Sylph Technologies:* Company board approved a rights issue to raise up to Rs 49 Cr. (Neutral) *Zenith Drugs:* Company participated in the CPHI 2024 convention in Delhi NCR, connecting with over 3000 industry professionals. (Neutral) *VSTL:* Company’s Odisha Unit III operational start delayed to end of January 2025 due to electricity connection delays. (Neutral) *Canara Bank:* CRISIL reaffirmed Bank's debt instrument ratings. (Neutral) *Maruti Suzuki:* Company informs that the NCLAT hearing on CCI matter, previously adjourned multiple times, has been further adjourned to February 7, 2025. (Neutral) *UniHealth Hospitals:* Company approved ₹10,00,00,000 additional capital contribution to its subsidiary, UMC Hospitals Pvt. Ltd., through a rights issue of 74,48,000 shares at ₹10 each. (Neutral) *ABFRL:* Company received a GST order from Chennai's Assistant Commissioner, Kotturpuram Assessment Circle, and demanding Rs 2.45 Cr (Neutral) *L&T:* Company issued Rs 1,500 crore worth of 7.19% Non-Convertible Debentures. (Neutral) *Ola Electric:* Company received further communication from CCPA on Dec 4, 2024, requesting additional documents within 15 days. (Neutral) *Welspun Living:* Company Ltd announced the approved amalgamation of its wholly-owned subsidiaries: Welspun Home Solutions Ltd and Welspun Advanced Materials. (Neutral) *GAIL:* Company’s CSR initiative launched 2 Mobile Medical Units and an advanced life support ambulance to AIIMS. (Neutral) *Apollo Tyres:* Company announced the cut-off date for its postal ballot on the issuance of up to Rs 10,000 million in Non-Convertible Debentures via private placement.(Neutral)

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*🇮🇳India Daybook ~ Stocks in News* *Suraj Estate:* Company has purchased through a Conveyance Deed a vacant parcel of land admeasuring ~ 1,464 square meters. (Positive) *RPP Infra Projects:* Company has agreed to develop the 96 Legends project in Sri Lanka with Wills Realtors Pvt Ltd. (Positive) *Dynamic Services:* Company gets offer letter for “Mega Project” from the Government of Maharashtra to set up a new project for manufacturing of solar PV panels 1800 MW (Positive) *Gallantt Ispat:* Company receives ₹80.45-crore SGST reimbursement from Gujarat, Uttar Pradesh governments. (Positive) *Indraprastha Gas:* Company to consider bonus shares on December 10. (Positive) *Infosys:* Company partners with Kardex to transform its business operations using SAP S/4HANA and Infosys Cobalt. (Positive) *Quick Heal Technologies:* Company launched Seqrite Malware Analysis Platform (SMAP) and Threat Intel solution. (Positive) *Torrent Pharma:* Company acquires 3 anti-diabetes brands from Boehringer Ingelheim for an undisclosed sum. (Positive) *Techno pack:* Company approves bonus share in the ratio 1:1. (Positive) *Hero MotoCorp:* Company launched VIDA V2 electric scooters in 3 variants (Positive) *E2E Networks:* L&T invested ₹1079.28 Cr for 29,79,579 equity shares, increasing the paid-up equity share capital to ₹19.86 Cr. (Positive) *Royal Orchid:* Company opened Regenta Inn in Raipur, Chhattisgarh - its first property in the state. (Positive) *Sonata Software:* Company achieved AWS Generative AI Competency. (Positive) *Cyient DLM:* Company signs a MoU with Arcedo Systems to establish a 500 kWp solar power plant at its Mysore facility. (Positive) *Swiggy:* Company mulls increasing Instamart delivery charges to boost profit margins. (Positive) *GOCL Corp:* Company announces further monetization of 11 acres of land for ₹142.15 crore. (Positive) *Kross:* Approved acquisition of 6.56 acres for future expansion. (Positive) *RailTel:* Company secures Rs. 10.64 crore order from Gail. (Positive) *Unicommerce:* Hummel partners with Unicommerce for e-commerce operations. (Positive) *Bondada Engineering:* Company bags order worth ₹108.9 crore from Bihar Renewable Energy Development Agency. (Positive) *Sikko Industries:* Company board approved the Letter of Offer for its rights issue (Neutral) *Rane (Madras) Ltd:* Company’s credit rating remains unchanged. (Neutral) *Adani Power:* Company’s subsidiary, Mahan Energen Limited, has successfully amalgamated with Stratatech Mineral Resources Private Limited. (Neutral) *Mastek:* Company's Global CFO, Mr. Arun Agarwal, resigned on Dec 3, 2024. (Neutral) *Muthoot Microfin:* Company reduces lending rates by 25 bps for IGL, by 125 bps for TPP. (Neutral) *Bharat Forge:* Company opens QIP, sets floor price at ₹1,323.54/sh. (Neutral) *Indus Tower:* Omega Telecom Holding and Usha Martin Telematics to sell stake in Indus Towers, offer size is at ₹2,716.9 cr to ₹2,835.8 cr: CNBC Sources (Neutral) *Eicher Motors:* Royal Enfield opens new assembly plant in Thailand (Neutral) *Indian Bank:* Received RBI approval to exercise the call option on ₹1500 crore of its Tier 2 Bonds. (Neutral) *Mahindra Lifespace:* Company received five GST tax orders totaling ₹10.7Cr from Tamil Nadu. (Neutral) *EPACK Durable:* Company announced the resignation of its Company Secretary and Compliance Officer, Mr. Arjit Gupta (Neutral) *KPIT Technologies:* Company completed the acquisition of Technica Group for €80 million and KPIT engineering SUARL for €5 million. (Neutral) *Home First:* Orange Clove Investments B.V. sold 9,442,236 equity shares (10.59%) of Home First Finance Company India Ltd. (Neutral) *Force Motors:* November Total Sales 1,885 Units Vs 1,884 Units YoY. (Neutral) *PG Electroplast:* Company opens QIP, sets floor price at ₹705.18/sh (Neutral) *Kirloskar Pneumatic:* Company acquired 55.26% equity shares of Systems and Components. (Neutral) *ICICI Bank:* Offices searched by Maharashtra GST authorities.(Neutral)

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