Funding & Investments
Altum Credo secured ₹170 Cr in funding from BII, showcasing investor confidence. JK Cement is expanding its capacity with a massive Rs 4,805 Cr investment.
dsm-firmenich is investing 70M Euros in India, demonstrating a global interest in the Indian market. HUDCO plans to raise Rs 3,000 cr via debentures and Gaurs Group is launching a Rs 1400cr housing project on the Yamuna Expressway.
Market Performances & Trends
The stock market saw gains, buoyed by IT rallies and hopes of a US Fed rate cut. Nazara Tech shares experienced a significant tumble. Square Yards reported a 45% revenue increase in Q1 to Rs 378 Cr. Commodities and bullion prices are also seeing fluctuations, with gold slipping and silver remaining flat.
Strategic Business Moves
Protean secured a Rs 1,160 cr order from UIDAI. Titagarh Rail continues its growth. IKEA aims to increase sourcing from India. Balmer Lawrie appointed a new Director, while Titan welcomed IHCL MD Puneet Chhatwal to its board. IndusInd Bank appointed Rajiv Anand as its new MD & CEO.
Policy & Regulations
The government is introducing new I-T rules by December, along with simplified forms. Pharmexcil is seeking GST rate alignment. The RBI is observing a slowdown in private NFC sales, and the DoT has denied AGR relief to Vodafone Idea. The government is also focusing on strengthening the agricultural sector with fortified rice supplies.
Future Outlooks
IREDA is targeting a 21% revenue growth to Rs 8,200 Cr. Experts are emphasizing the importance of niche skills and technology for future roles. The PFRDA targets SVANidhi beneficiaries under APY. India and Japan are boosting energy ties, signaling potential future collaborations. The Cow-Based Economy Conference in Jaipur next week will further highlight this growing sector.
