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*News Headlines from Business News Agencies :* *Business Standard :* 📝 India may face challenges on a few parameters in WB's B-Ready report: GTRI 📝 Centre approves Rs 676 cr for development of Odisha's education institutes 📝 JSW MG Motor to unveil three new models at Bharat Mobility Global Expo 2025 📝 Mumbai SEZ leasing rises sharply in 2024, reverses 3-year downward trend 📝 Sharp rise in gold loan defaults worries banks and NBFCs, increase by 30% 📝 Venus Remedies gets good manufacturing practice certification from Moldova’s Ministry Of Health 📝 Rupee falls 13 paise to all-time closing low of 85.65 against dollar 📝 Government extends deadline for belated and revised tax returns to Jan 15 📝 Avanti Feeds, Apex Frozen to gain as shrimp industry eyes revival in 2025 📝 Indian banks' gross bad loan ratio may edge up by March 2026: RBI report 📝 India has clean energy capacity over 200 GW; investments to double in 2025 *Economic Times :* 📝 NPCI extends proposed 30% UPI market share cap deadline to end-2026 📝 India’s core sector output up 4.3% in November 📝 Promoter Nishant Pitti sells 1.41% stake in EaseMyTrip via block deal 📝 China raises salaries for government workers to boost spending 📝 Indian refiner boosts Mideast oil imports as Russian flows slow 📝 RBI approves re-appointment of Anup Kumar Sinha as non-executive chairman of Bandhan Bank 📝 PLI and renewable energy incentives to be packed into green steel mission 📝 HUL takes direct-to-Kiranas distribution route 📝 VPPL awards EPC contract to ITD Cementation for Vadhvan Port development 📝 China's manufacturing activity slows in December as trade risks grow 📝 Waaree Renewable Technologies bags 2 GW solar project in Bikaner 📝 DoT seeks clarity from Trai on encashing telcos’ BGs to recover spam penalties *Mint :* 📝 India's April-Nov fiscal deficit hits 52.5% of FY250 target at ₹8.47 lakh crore 📝 FPIs net buyers in Indian stock market in 2024, primarily through IPOs, QIPs 📝 PBOC Steps up Liquidity Injection with Fresh Tools at Year-End 📝 Thomas Cook shuts systems after cyber-attack takes down IT infra; probe underway 📝 Reliance spends USD 13 bn on acquisitions in five years 📝 Jute sector faces challenging year with 'subdued' prices, demand 📝 Rooftop solar company Fujiyama Power Systems files DRHP with SEBI for IPO 📝 Indian banks to stick with certificates of deposit after 2024 supply jumps 50% 📝 Delhi traders eye Rs1000 crore business this New Year: CTI 📝 Beijing pushes to use China-made chips in its EVs 📝 Pristyn Care in talks to raise up to $100 million in a new funding round

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*🇮🇳 India Daybook ~ Stocks in News* *Mazagon Dock:* Defence Ministry signs contract worth Rs 1,990 crore with company for air independent propulsion plug. (Positive) *Hindalco Industries:* Government allocates Meenakshi Coal Mine in Odisha to the company. (Positive) *Clean Science:* Clean Fino-Chem Limited, has begun commercial production of 2, 5-Dihydroxy-1, 4-Dithiane. (Positive) *RVNL:* Company emerges lowest bidder for a Central Railway project worth Rs 137.2 crore. (Positive) *Lupin:* Company acquires Huminsulin in India from Eli Lilly to enhance diabetes portfolio. (Positive) *KEC International:* Company wins orders of Rs 1073 Cr. (Positive) *BBTC:* Board of Directors approved the sale of 40.37 acres of land in Tamil Nadu for Rs 50.12 crores. (Positive) *Maan Aluminium:* Company is further planning for expansion of its manufacturing business of Aluminium Extrusion & value added services. (Positive) *Prima Plastics:* Company announces a 25% capacity increase at its Cameroon joint venture, Prima Dee-Lite Plastics SARL. (Positive) *AVG Logistics:* Company is set to acquire a significant stake in Kaizen Logistics, a prominent player in India's logistics sector. (Positive) *Vakrangee:* Company to offer general insurance products through its network of Vakrangee Kendras. (Positive) *Shriram Properties:* Company announced the strategic sale of a ~3.9-acre land parcel in Chennai. (Positive) *CESC:* Noida Power has awarded a significant contract to Purvah Green Power, CESC subsidiary. (Positive) *Gokul Agro:* Acquisition of fixed assets of edible oil refinery at Mangalore from M/s. Sri Anagha Refineries Private Limited. (Positive) *Karma Energy:* Company Board approved the proposed sale of Bay Wind Projects Private Ltd , a wholly owned subsidiary of Karma Energy Ltd to M/s. Ram Krishna Iron Works Private Limited.. (Neutral) *PFC:* Company informs about incorporation of a wholly owned Subsidiary of PFC Consulting Limited- Fatehgarh II And Barmer I PS Transmission Limited (Neutral) *MIC Electronics:* Company announces the completion of a Rs. 51 crore investment in its wholly-owned subsidiary, SOA Electronics Trading LLC, in Dubai. (Neutral) *Pidilite Industries:* Company received a GST penalty order of Rs. 1.15 Cr for the years 2017-18, 2018-19, and 2019-20. (Neutral) *Shera Energy:* Company announces a 15% Increase in consolidated production capacity, rising from 41,130 MT to 46,750 MT. (Neutral) *Wipro:* Company to acquire 100% stake in Applied Value Tech by Jan 31, 2025. (Neutral) *Century Enka:* KG Ladsaria Resigns as CFO of the Company w.e.f. December 31, 2024. (Neutral) *Bank of India:* Hikes lending rates by 5-10 bps on some tenures effective January 1, 2025. (Neutral) *Zydus Life:* CRISIL Ratings has reaffirmed its credit ratings for Zydus Lifesciences' various instruments and facilities. (Neutral) *Archean Chemicals:* R Raghunathan resigned as CFO, effective January 20, 2025, due to personal reasons. (Neutral) *Bharat Forge:* Subsidiary KSSL completed the acquisition of 25% of Edgelab S.p.A.'s share capital. (Neutral) *Adani Green:* Mr Amit Singh, CEO, will step down on 31st March 2025, transitioning to another role within the Adani Group. Mr Ashish Khanna, currently CEO of Adani Group's International Energy Business, will become the new CEO (Neutral) *Prataap Snacks:* Company reports fire accident at Jammu manufacturing unit. There is no casualty due to the incident. (Neutral) *Medplus Health:* Company unit Optival Health Solutions receives suspension order of Drug License. (Neutral) *NMDC:* Additional charge of the post of Chairman cum-Managing Director (CMD), NMDC Limited assigned to Shri Amitava Mukherjee (Neutral) *Jubilant Ingrevia:* Board Meeting held today has approved purchasing of 6.67% equity Share in Forum I Aviation Private Limited (Neutral) *Dhanlaxmi Bank:* RBI approves appointment of P Suriaraj as the executive director of the bank for a period of 3 years (Neutral)

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🇮🇳India Daybook – Stocks in News *Narayana Hrudayalaya:* Health Insurance Commission of Cayman Islands has issued Insurer Certificate to Cayman Integrated Healthcare Ltd., a step-down subsidiary of the company. (Positive) *Cigniti:* Coforge announced a scheme of amalgamation. Shareholders will receive 1 Coforge share for every 5 Cigniti shares. (Positive) *Kothari Products:* Company proposed a 1:1 bonus share issue. (Positive) *Zota Healthcare:* Company received product registration licenses for two products in Kyrgyzstan. (Positive) *Dr Agrawals:* New branch commenced operations in Vellore, Tamil Nadu. (Positive) *IOL Chemicals:* The board approved a stock split: Each Rs. 10 share will be split into 5 Rs. 2 shares. (Positive) *Hero Motocorp:* Company has extended its partnership with Harley-Davidson Motor Company (Positive) *Teamo Productions:* Company Secured orders worth Rs 120 million from Ganga Realty Group for structural steel. (Positive) *Esconet Technologies:* Company Gets Order Worth Rs 139.1 Million. (Positive) *JSW Energy:* Company to buy O2Power for $1.2 billion. (Positive) *R Power:* Rosa Power Supply Company Limited, secured a ₹3,760 crore term loan from Power Finance Corporation Limited (PFC). (Positive) *IL&FS Engineering:* Company bags project worth ₹302.82 crore of Bhubaneswar Metro Phase-I from Ceigall India (Positive) *Vodafone Idea:* Vodafone Group clears Rs 11,650 cr dues, releases pledged shares in Vodafone Idea. DoT waives bank guarantees for spectrum auctions. (Positive) *Shakti Pumps:* Board Meeting to be held on 07-Jan-2025 to consider Fund raising via equity (Positive) *Adani Green Energy:* Company incorporates new subsidiary for renewable energy. Commissioning of 62.4 MW wind and 112.5 MW solar projects. (Positive) *SRF:* Incorporates arm for business of owning and renting real estate. (Positive) *Teerth Gopicon:* Company received a Letter of Award from SJVN for a solar rooftop power project. (Positive) *Max Financial Services:* Company to Discontinue Operations of Max Life Pfm as a Pension Fund Manager. (Neutral) *Kansai Nerolac Paints:* Company to Consider Q3 Results on Feb 5. (Neutral) *Emami:* Company to Consider Q3 Results & Dividend If Any On Jan 27. (Neutral) *SRF: Company’s Wholly Owned Subsidiary has issued Equity Shares to the Company. (Neutral) *Zydus Lifesciences:* Company acquisition of Sterling Biotech's API business has been delayed. (Neutral) *Kalpataru Projects:* Company received a GST Authority order on December 27, 2024, demanding Rs 2.64 Crores (Neutral) *Utkarsh Small Finance Bank:* Bank’s board approves sale of NPA & Written-Off loans to ARC. (Neutral) *Dynamic Services:* Company completed the acquisition of Bharat Battery MFG Co Private Limited. (Neutral) *Dr. Reddy's Laboratories:* Company received a credit rating reaffirmation from ICRA Limited (Neutral) *Can Fin Home:* Company received a credit rating reaffirmation from ICRA Limited (Neutral) *Adani Ent:* AEL's stake in its subsidiary, JMRPL has been diluted to 51%. (Neutral) *SJVN:* Company appoints Sanjay Kumar as Chief Financial Officer of the company (Neutral) *Max Fin:* Max Life PFM to discontinue operations to avoid 'unintended' brand misinterpretation. (Neutral) *Prestige:* Company signs business transfer agreement with a wholly owned subsidiary for assets and shares worth Rs 313 crore. (Neutral) *Reliance Industries:* Expands Healthcare Portfolio with Karkinos Acquisition (Neutral) *M&M:* State Tax officer initiated inspection of the records at one of the places of business operations of the Company in Chennai, Tamil Nadu on certain GST compliance issues (Neutral) *Zydus Wellness:* Company’s arm gets Rs 56.33 cr GST demand over Heinz IP rights deal (Neutral) *Mahindra EPC:* Company awarded a Rs. 3.40 Crores contract for Micro Irrigation Systems over 680 hectares, execution within 12 months (Neutral) *Deep Ind:* Company plans to raise up to ₹350 Crores through a QIP in one or more tranches (Neutral)

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*Manbro Industries:* Company appointed Mr. Sajan Jain as its Company Secretary, effective December 20, 2024. (Neutral) *Uflex:* Company further acquires 8.26% stake in Amplus Phoenix Energy for Rs 5.43 Cr. (Neutral) *Concord Control:* Company CFO Mayank Modi, Resigned on 20th Dec, 2024. (Neutral) *Urja Global:* Company received a Care BB-; Stable issuer rating from CARE Ratings Limited on Dec 20, 2024. (Neutral) *IDBI Bank:* Board meeting on Dec 31 to consider long term rupee bond borrowings up to Rs 100 billion from Domestic market for FY 2024-25 and FY 2025-26. (Neutral) *AGI Greenpac:* Company to raise up to Rs 1,500 crore via preferential issue, QIP & other modes (Neutral) *BPCL:* Company Buys Its First Argentinian Crude Oil Cargo, For Feb Arrival (Neutral) *Reliance Ind:* Arm Reliance Digital Health enters into agreements to acquire 45% stake in US-based Health Alliance Group for $10 million. (Neutral) *NHPC:* Company to invest Rs 5,500 cr in Bihar for Solar Energy and Green Hydrogen Projects. (Neutral) *Piramal Enterprises:* Company board approves raising funds up to Rs 2,000 crore via QIPs in one or more tranches (Neutral) *Adani Power:* Company is considering Rs 20,000 crore investment in a Bihar ultra-supercritical thermal power plant, potentially creating 13,500 jobs. (Neutral) *AU Small Finance Bank:* Company gets RBI nod to reappoint Harun Rasid Khan as 'part-time' Chairman (Neutral) *Muthoot Microfin:* Thomas Muthoot, MD of company hands over reins of Muthoot Pappachan Group to son Thomas Muthoot John. (Neutral) *Axis Bank:* Company is introducing changes to its credit card fees, effective December 20, 2024 (Neutral) *Hyundai Motor:* Company's board has approved and recommended the reappointment of Unsoo Kim as Managing Director. (Neutral) *Kalpataru:* Company will consider prepayment of NCDs issued by the company on a private placement basis on December 24. (Neutral) *Tata Steel:* Dutch regulators have threatened Tata Steel Netherlands with substantial fines and potential closure of a coke plant in IJmuiden. (Neutral) *Zuari:* Company has issued a Letter of Comfort to ICICI Bank Limited in respect of the working capital term loan facilities aggregating to Rs. 300 million (Neutral) *Refex:* Ministry of Corporate Affairs has approved the incorporation of wholly owned subsidiary of the Company in the name of, Venwind Refex Power Limited (Neutral) *Canara Bank:* Canara Bank Tanzania Limited, a wholly owned subsidiary of Canara Bank has transferred its assets and liabilities to Exim Bank Tanzania Limited (Neutral) *Rattan India:* Increase investment in Neorise Technologies from AED 1M to AED 5M. (Neutral) *Insurance stocks:* GST Council defers decision on any tax change in insurance premiums including life & health (Neutral) *Zomato/Swiggy:* GST matter on food delivery apps deferred (Neutral) *Banco Products:* Fixes 30 Dec as record date for bonus issue (Neutral) *PVR Inox:* GST Council recommends 5% GST on ready to eat popcorn mixed with salt & spices if not pre-packaged, 12% on pre-packaged and labelled, 18% on caramel popcorn (Neutral) *Aviation stocks:* States not comfortable on bringing ATF under purview of GST (Neutral) *Coforge:* Company completed the acquisition of a 54% stake in Cigniti technologies limited for rs 1,415 per share, expanding its IT services portfolio and global presence (Neutral) *Cartrade:* 18% GST imposed on margin value of 2nd hand car sale (Negative) *Orient Paper:* Company announced that Mr. Ashwin J. Laddha resigned as Managing Director & CEO, effective December 20, 2024. (Negative) *Marico/ Bajaj Consumer:* Union Cabinet hikes milling Copra MSP to ₹11,582/Quintal. (Negative) *Reliance Infra:* Company received an arbitral award, ruling in favor of Aravali Power Company Private Limited (APCPL) in an EPC contract dispute. (Negative)

*🇮🇳India Daybook – Stocks in News* *United Drilling Tools:* Company has received a new order worth Rs 552 MN from ONGC Ltd. (Positive) *NTPC Green Energy:* Inks MoU with Department of Industries, Govt. of Bihar for renewable energy projects (Positive) *Aurobindo Pharma:* Company subsidiary gets approval for oncology biosimilar Bevqolva from UK’s MHRA (Positive) *Redtape:* Company board meet on 26 Dec to consider bonus and dividend. (Positive) *Greenlam Industries:* Greenfield Particle Board Project at Naidupeta to Start Production in January. (Positive) *TeamLease:* Company acquires TSR Darashaw, a payroll processing firm, and a stake in Crystal HR, an HR Tech solutions provider. (Positive) *Steel Stocks:* DGTR initiates safeguard probe on imports of non-alloy and alloy steel flat products. (Positive) *Fortis Healthcare:* Company acquires 7.61% stake in Agilus Diagnostics for ₹429.37 crore. (Positive) *SRM Contractors:* Company received a new project with quoted amount Rs 1.06 billion (Positive) *India Cements:* Competition Commission of India approves Company’s acquisition by UltraTech Cement (Positive) *Interarch Building Products:* Company achieved 50 percent growth in North India for FY 25-26, with Uttar Pradesh driving the expansion. (Positive) *Larsen & Toubro:* Ministry of Defence has signed a contract with Company for procurement of Artillery Guns for the Indian Army at a total cost of Rs 7,628.70 crore. (Positive) *Mazagon:* 'Nilgiri’ first stealth frigate of p17a class ship and ‘Surat’ fourth stealth destroyer of P15B class delivered to the Indian navy. (Positive) *Stanley Life:* Company opened a new hybrid showroom in Aluva, Kerala. (Positive) *Cupid:* Company receives UNFPA orders worth Rs 182 million (Positive) *R System:* Company has agreed to sell its land and building at Plot No. C-1 and C-40, Sector 59, NOIDA for Rs 50.5 Cr (Positive) *Accel India*: Company has secured $ 650 million for its eighth fund, while its global growth fund has raised $1.35 billion. (Positive) *GMM Pfaudler:* Pfaudler GmbH, a GMM Pfaudler subsidiary, to acquire a 51% stake in a Polish firm to set up an engineering and manufacturing facility. (Positive) *Sudarshan chem:* Sudarshan Europe B.V., Wholly Owned Subsidiary of the Company, has acquired three entities incorporated in Germany. (Positive) *HIL/Ramco:* GST council clarified AAC block manufactured by fly ash to attract 12% GST, not 18% (Positive) *Vakrangee:* Company board approved the issuance of 35 cr convertible warrants via preferential allotment to 11 non-promoter investors, raising Rs 980 cr (Positive) *Suven Pharmaceuticals:* Company acquires 56% stake in NJ Bio for Rs 533 crore (Positive) *SKF India:* Board meeting on Dec 26 to consider and approve the demerger between the SKF India Limited and SKF India (Industrial) Limited (Positive) *Sterling and Wilson:* SWREL secures Rs. 1,200 crore order for solar project. (Positive) *JBM Auto:* JBM Ecolife awarded contracts for 343 electric buses. (Positive) *IFCI:* Government to infuse ₹500 crore in IFCI to improve its financial health (Positive) *NIIT Learning/ Teamlease/ CL Educate:* Approved training partners of NSDC to be exempted from GST (Positive) *ITC/VST/Godfrey:* GST council not discussed 35 percent GST regime for Tobacco companies (Positive) *Sun Ph/ Biocon/ Zydus Life:* GST on Gene therapy which is critical and lifesaving is fully exempted (Positive) *Goyal Salt:* Company announce the launch of its newest product, “Goyal Black Salt”, marking a significant addition to the company’s product portfolio. (Positive) *Saksoft:* Company acquires ZeTechno to enhance digital transformation services. (Positive) *Vedanta:* S&P Group upgrades Vedanta Parent Co. Vedanta Resources to 'B'; outlook stable. Vedanta to not consider demerger of one of its units (Neutral) *Kiran Vyapar:* Company completed the acquisition of 100% equity shareholding in Peepul Tree Capital Pte. Ltd. (Neutral) *Indian Oil Corp:* Company Board approved Cr 4382.21 Cr yarn Project Investment, JV with MCPI Pvt. (Neutral)