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 Indian Sector Specific News:

A) BFSI:

1) RBI Cancels X10 Financial Services' Registration

  • The Reserve Bank of India (RBI) revoked the registration of Mumbai-based NBFC X10 Financial Services Ltd for violating digital lending guidelines by outsourcing key functions like credit appraisal and KYC verification to third-party service providers without due diligence.
  • The company, previously known as Abhishek Securities Ltd, had received its Certificate of Registration (CoR) in June 2015.
  • Source: Economic Times
2) Key Q3 Results to Watch Today
  • HDFC Bank, Hindustan Unilever, BPCL, and 39 other companies will announce their Q3 results on January 22. Notable upcoming results this week include ICICI Bank, Zomato, and UltraTech Cement, among others.
  • HDFC Bank's loan growth was subdued in Q3 FY25 due to its focus on deposit accretion and improving its loan-to-deposit ratio post-merger with HDFC Ltd in July 2023.
  • Source: LiveMint
3) Samir Modi's Share Purchase Breaches SEBI Norms
  • Samir Modi, son of Godfrey Phillips India chairperson Bina Modi, purchased 250 company shares during the open trading window, violating SEBI's Insider Trading Regulations (2015) and the company's code of conduct.
  • This adds to an ongoing family dispute over an inheritance worth ₹11,000–₹30,000 crore, with Samir and Lalit Modi contesting their mother, who was reappointed as managing director last year.
  • Source: Business Standard
4) SEBI Plans Measures to Regulate IPO Trading
  • SEBI is considering allowing investors to trade IPO entitlements before listing to curb black-market activities, according to Chairperson Madhabi Puri Buch.
  • India remains a hotspot for IPOs, with over $20 billion raised in 2024, prompting SEBI to explore tighter regulations for transparency and control.
  • Source: Hindustan Times

B) Automobile:

1) Indian Automobile Industry: Driving Innovation and Sustainability in 2025

  • India's automotive industry grew by 12.5% in FY24, driven by government initiatives like Bharat NCAP, PLI, and rising consumer preference for SUVs, EVs, and CNG vehicles.
  • Challenges include global competition, supply chain disruptions, and infrastructure gaps, while schemes like PM E-DRIVE and FAB setups aim to strengthen local manufacturing and sustainable mobility.
  • Source: Moneycontrol
2) AI and Social Media Driving Lead Generation for Automobile Industry
  • A whitepaper by Meta and FADA revealed 72% of new car buyers discovered brands through Meta's apps (Facebook, Instagram, WhatsApp), with WhatsApp being the top communication tool for 48% of buyers.
  • AI, Instagram reels, and content creators are shaping purchase decisions, with 72% finding reels useful for vehicle evaluation and 47% preferring service reminders via messaging platforms.
  • Source: Zee Business

C) Pharma:

1) CCI Approves Merger of Nine Pharma Entities with Sequent Scientific

  • The Competition Commission of India (CCI) approved the amalgamation of nine entities, including Sequent Research Ltd, Viyash, Symed, and others, into Sequent Scientific Ltd (SSL), making SSL the ultimate surviving entity.
  • SSL specializes in APIs, finished dosage formulations, and analytical services for the animal health sector, while Viyash focuses on APIs and intermediates for human healthcare.
  • Source: Business Standard

D) Agriculture:

1) Budget 2025: Key Agricultural Focus Areas in Sitharaman's Upcoming Budget

  • Agriculture Minister Shivraj Singh Chouhan, alongside stakeholders like NABARD, ICAR, and industry groups, discussed strategies with Finance Minister Nirmala Sitharaman for boosting the sector. Topics included value addition, export expansion, research, input cost control, and farmer protection measures.
  • Proposals emphasize developing 109 ICAR crop varieties, enhancing rural development, and addressing farmer concerns. The Union Budget 2025-26 will be presented on February 1.
  • Source: India TV News

E) Energy:

1) India Likely to Increase Oil and Gas Purchases from the U.S.

  • India's Oil Minister Hardeep Singh Puri welcomed U.S. President Trump's plan to boost oil and gas production, potentially leading to increased energy imports from the U.S.
  • India's oil imports, which account for over 80% of its oil needs, have been impacted by sanctions on Russian oil, leading to a shift towards traditional Middle East suppliers.
  • Source: Economic Times
2) India’s Power Demand to Grow 5.5% in FY25; Renewables to Add 35 GW
  • India's total energy requirement is projected to grow by 5%-5.5% YoY in FY25, with renewable energy contributing 21% of the energy mix.
  • The country is expected to add 30-35 GW of renewable energy capacity in FY25, primarily from solar projects, with renewables aiming for 35%-40% of the energy mix by 2030.
  • Source: Economic Times

F) Infrastructure:

1) Budget 2025: Real Estate Sector Pushes for Affordable Housing and Tax Incentives

  • The real estate sector seeks tax reliefs, increased funding, and recognition as an industry, with a focus on affordable housing.
  • Key proposals include raising the home loan interest deduction limit from ₹2 lakh to ₹5 lakh, granting infrastructure status to housing, expanding rental housing, and reducing individual tax rates from 37% to 25%.
  • Source: Mathrubhumi
2) Budget 2025 Highlights: Key Recommendations for Boosting Financial Inclusion and Retail Investment
  • Industry bodies urge the inclusion of capex and infrastructure spending, increased income tax exemptions, and job creation in the upcoming budget.
  • India Ratings and Research expects a focus on fiscal consolidation, consumption demand, and infrastructure and manufacturing capex.
  • Source: CNBCTV18
3) Gadkari Approves Rs 3,330.40 Crore for Infrastructure Projects
  • Nitin Gadkari, Union Minister for Road Transport and Highways, approved three major infrastructure projects in Jharkhand and Bihar, with a total investment of Rs 3,330.40 crore (Rs 33.30 billion).
  • The projects aim to boost road connectivity and infrastructure development in these regions, which is expected to enhance regional growth and economic progress.
  • Source: Construction World

Indian Economy and Government Initiatives:

  • Budget 2025 is expected to focus on rural India ("Bharat"), with investments in agriculture, infrastructure, credit facilities, and enhanced rural schemes to boost rural consumption and economic growth.
  • The government has extended the duty-free import of tur (pigeon peas) until March 31, 2026, to address domestic production shortfalls and stabilize prices.
  • India is closely monitoring the impact of President Trump's policies on inflation, tariffs, and the rupee, with strategies in place to mitigate potential effects on the domestic economy.
  • Trump's tariff plans, including a potential increase in US tariffs, could disrupt global trade, particularly impacting China and other trading partners, with India preparing for potential changes.

Indian Stock Market Update:

  • Nifty closed at 23,155, gaining 131 points (0.57%), with IT stocks like Wipro and Infosys leading the rally.
  • The Nifty IT index rose 2%, while the Realty index saw a sharp decline of 4%.
  • Despite the positive closing, market analysts caution that the underlying trend remains weak, with support at 23,000 and resistance around 23,400.


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