Indian Sector Specific News:
A) BFSI:
1) RBI Launches Initiative to Regulate AI in Finance
- The RBI has set up a committee, chaired by IIT Bombay professor Pushpak Bhattacharyya, to create ethical and responsible AI guidelines for banks, NBFCs, and fintechs.
- The panel will identify AI risks, suggest regulatory measures, and propose safe integration of AI into India’s financial systems, with a report due in six months.
- Source: CNBCTV18
2) Derivatives Trading Volume Drops 37% After Sebi’s New Rules
- Derivatives volumes fell 37% in December to ₹280 trillion (from ₹442 trillion in November) due to Sebi's stricter norms like fewer weekly expiries and higher margins.
- Higher contract sizes for Nifty 50 derivatives from January may further impact volumes, though Sebi views the decline as a positive trend.
- Source: Business Standard
3) BSE CEO: Too Early to Judge Full Impact of SEBI F&O Rules
- BSE CEO Sundararaman Ramamurthy stated that while notional volumes in derivatives have dropped as expected, the full impact of SEBI's F&O rules will only be clear after all six regulations are implemented by April 2025.
- Premium realizations have improved despite lower volumes, and changes in contract sizes and expiries are expected to stabilize market activity over time.
- Source: CNBCTV18
B) Pharma:
1) Karnataka: Emerging Pharma & Biotech Hub to Host Major Expo
- Karnataka and Bengaluru are solidifying their status as global hubs for pharmaceutical and biotechnology manufacturing, with the PharmaTech and Lab Tech Expo 2025 set to showcase cutting-edge innovations and advancements from January 8-10, 2025, at the Bengaluru International Exhibition Centre.
- The event aims to highlight Karnataka’s leadership in life sciences, attract investments, and foster collaborations while bolstering the local economy and reaffirming the state’s position as a strategic hub for global pharma and biotech innovation.
- Source: PharmaBiz
2) India’s Healthcare Sector to Reach $320 Billion by 2028
- India’s healthcare sector is projected to grow to $320 billion by 2028, while the pharmaceutical and biotechnology sectors aim for $130 billion and $300 billion by 2030, respectively, according to a Great Place To Work report. Key growth drivers include international expansion, mergers, and investments in talent development and AI integration.
- Despite 80% of pharma firms adopting AI on a small scale, only 10% have integrated it into operations. Healthcare AI investments are expected to reach $1.6 billion by 2025, reflecting a focus on innovation and dynamic workplace culture.
- Source: Business Standard
C) Telecommunication:
1) Indian Telecom Milestones 2024
- India achieved a historic 285% growth in internet subscribers over a decade, fastest global 5G rollout, and massive fiber optic expansion, connecting millions of rural areas.
- Cybersecurity efforts, like AI systems blocking 2.67 crore fake connections, and global events like WTSA-24 showcased India's telecom leadership.
- Source: PIB
D) Energy:
1) ONGC-NTPC Green JV Acquires Ayana Renewable Power for $750 Million
- ONGC NTPC Green Pvt Ltd is acquiring Ayana Renewable Power for $750 million, adding a 4.6 GW renewable energy portfolio, including solar and wind projects, to support India’s climate goals.
- The deal boosts India’s renewable energy sector, enabling ONGC and NTPC Green to diversify into green energy and advance their goal of achieving a 10 GW renewable portfolio by 2030.
- Source: Market Express
E) Agriculture:
1) Govt Focuses on Traditional Crops for Climate-Resilient Farming
- The government launched the ₹2,481-crore National Mission on Natural Farming to promote organic practices, reduce chemical inputs, and improve soil health.
- Initiatives like NMNF, FPOs, and the National Food Security Mission are supporting traditional crops to enhance resilience and adaptability.
- Source: Livemint
F) IT:
1) Indian IT Sector in 2025
- The IT sector is set for growth in 2025, supported by increasing digital needs, AI/ML demand, and global economic recovery, but faces challenges like rising employee costs and slow growth in key markets.
- Strong hiring and revenue trends seen in global IT firms like Accenture suggest better earnings for Indian IT companies in 2025.
- Source: Upsto
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