New Delhi, January 23, 2025: A comprehensive data analysis of India’s key performance indicators (KPIs) over the past decade reveals a remarkable transformation under the National Democratic Alliance (NDA) government, led by…
Kotak Mahindra Bank Completes Acquisition of Standard Chartered India’s Personal Loan Portfolio for Rs 3,330 Crore
In a stock exchange filing, Kotak Mahindra Bank confirmed the acquisition, stating, “After receiving the necessary regulatory approvals and fulfilling the relevant conditions precedent, the Bank has, today, i.e., on January 23, 2025, completed the aforesaid acquisition.”
RBI to Conduct Overnight Variable Rate Repo Auction on January 23, 2025
The RBI has notified an auction amount of ₹50,000 crore with a tenor of 1 day. The auction window will open from 11:30 AM to 12:00 Noon on January 23, and the reversal of the transaction will take place on January 24, 2025, Friday.
Infra Market Secures ₹1,050 Crore in Pre-IPO Funding, Valued at ₹24,000 Crore
The company has reportedly partnered with leading investment banks, including Kotak Mahindra Capital, Goldman Sachs, Jefferies, and HSBC Securities, to manage its public offering.
Nuvama and Cushman & Wakefield Launch ₹1,700 Crore Prime Offices Fund
Anshul Jain, Chief Executive of Cushman & Wakefield for India, Southeast Asia, and APAC Tenant Representation, said the fund’s success reflects investor confidence in India’s real estate market. He emphasized the joint venture’s ability to combine fund management expertise with real estate insights to cater to the evolving demands of investors.
ASK Private Wealth Appoints Vinay Jaising as CIO
The appointment marks a significant move for ASK Private Wealth as it expands its in-house equity advisory capabilities.
OpenAI Defends Against ANI’s Copyright Lawsuit in Indian Court, Citing U.S. Legal Obligations
In an 86-page filing submitted to the Delhi High Court on January 10, OpenAI argued that it is not under Indian jurisdiction as the company has no presence in the country. Furthermore, the AI firm stated that any directive to delete ANI’s data from ChatGPT would conflict with its obligations in the United States.
Moody’s Upgrades Bharti Airtel’s Outlook to Positive, Affirms Baa3 Ratings
Moody’s highlighted Bharti Airtel’s strong position in the Indian telecom industry, noting its solid financial profile and declining leverage, which is trending toward 2.0x. The company’s demonstrated ability to access capital markets and backing from supportive shareholders further bolster its creditworthiness.
India’s Bond Market Sees Boost as Global Index Inclusion Spurs Foreign Inflows
Since the inclusion of Indian government bonds in the JP Morgan Global Bond Index on June 28, 2024, foreign investments in Fully Accessible Route (FAR) bonds have surged to approximately $7.55 billion as of January 21, 2025. This robust inflow underscores the growing appetite among international investors for Indian fixed-income assets, highlighting the potential for long-term benefits to the domestic bond market.
Housing Sales Fall 9%, New Supply Declines 15% Across Top 9 Cities in 2024: PropEquity
The subdued performance was attributed to a high base effect from the previous year, combined with disruptions caused by the General Elections and an extended monsoon season, which slowed down real estate activity. However, the market displayed regional variations, with some cities demonstrating resilience while others struggled to maintain momentum.