Economy / Market Snapshot – January 2025

General News

• India celebrates 76th Republic Day; Indonesian President Prabowo Subianto attends the parade as the Chief Guest.
• Gallantry Awards presented to 93 Armed Forces and Central Armed Police Forces personnel.
• 139 distinguished individuals honored with Padma Awards for their contributions.
• Over 5,000 folk, tribal artists perform at Republic Day parade; set Guinness World Record.
• Total of 16 Bills has been passed by both the Houses of Parliament during 2024.
• LS Speaker Om Birla inaugurates Panchayat Se Parliament 2.0 programme.
• Waqf Amendment Bill: JPC submits report to Lok Sabha Speaker Om Birla.
• SVAMITVA Scheme: PM Modi distributes 65 lakh property cards to empower rural India.
• Amit Shah launches BHARATPOL for streamlining Red Corner Notices through INTERPOL.
• India, U.S. ink pact for cooperation in cybercrime investigations.
• President Murmu, Singapore President hold discussions to strengthen bilateral strategic partnership.
• Jaishankar holds bilateral meetings with counterparts from Japan, Australia in Washington.
• Delegation-level talks held between EAM Jaishankar, Maldives Foreign Minister.
• Govt launches “One Nation, One Subscription” scheme to provide seamless access to digital knowledge resources.
• One Nation, One time: Govt drafts rules for mandatory adoption of IST across all official, commercial platforms.
• UP’s tableau “Mahakumbh 2025” adjudged as Best, J&K Rifles wins best Marching Contingent award.
• NCC Directorate Karnataka and Goa bags Prime Minister Banner and Trophy at Republic Day Camp 2025.
• India now has 99.1 crore voters, gender ratio improves to 954: EC.
• Assembly polls: Delhi to vote on Feb 5 in single phase; counting on Feb 8.
• Rajendra Vishwanath Arlekar takes oath as Kerala Governor, while Arif Mohammad Khan as Bihar Governor.
• Ajay Kumar Bhalla, Hari Babu Kambhampati sworn in as Manipur and Odisha Governors.
• V. Narayanan appointed new Space Secretary and ISRO chief.
• India lodges protest over China’s announcement of establishing 2 new counties in Ladakh region.
• Indonesia initiates $450 million BrahMos missile export deal.
• US lifts restrictions on BARC, two other Indian nuclear entities to boost energy cooperation.
• India, Pakistan share lists of nuke installations as part of 30-yr pact.
• Warships INS Surat, INS Nilgiri and INS Vaghsheer commissioned into Indian Navy.
• Defence Ministry signs over ₹3,000 crore deal with Bharat Dynamics for MRSAM supply to Indian Navy.
• ISRO docks SpaDex satellites in space, India 4th country to achieve this feat.
• ISRO achieves historic milestone with 100th successful GSLV-F15 rocket launch.
• PM Modi inaugurates Z-Morh tunnel in Kashmir, connecting Sonamarg year-round access.
• Uttarakhand becomes country’s first state to implement Uniform Civil Code.
• Odisha becomes 34th State/UT to implement Ayushman Bharat PM-JAY.
• Maha Kumbh: More than 29.64 crore devotees take dip in Sangam as of January 30.
• EC issues notice to AAP convenor Arvind Kejriwal over Yamuna Poisoning allegations.
• BPSC exam row: Prashant Kishor gets bail hours after being arrested during hunger strike.
• J&K’s Rajouri village where a mystery disease killed 17 declared a containment zone.
• India signs Haj agreement with Saudi Arabia, quota fixed at 1,75,025 pilgrims.
• Congress gets new HQ after 47 years as Sonia Gandhi inaugurates ‘Indira Bhawan’ at Kotla Road.
• India introduces ’e-Student’ and ’e-Student-X’ visas for international students.
• Tamil Nadu CM Stalin announces $1 million prize for decoding Indus Valley script.
• Central Government allocates ₹1,640 crores for rehabilitation of Joshimath.
• Donald Trump takes oath as 47th President of United States; J.D. Vance sworn in as Vice President.
• Trump signs slew of executive orders: U.S. withdrawal from WHO, pardons for Jan. 6 rioters, and more.
• Republican Mike Johnson reelected as US House speaker after dramatic floor vote.
• Israel and Hamas agree on ceasefire deal to exchange hostages and Palestinian prisoners.
• Russia says it is ready for dialogue on Ukraine conflict.
• Russia and Iran sign a partnership treaty to deepen their ties in the face of Western sanctions.
• Bangladesh issues second arrest warrant against former PM Hasina; SC acquits former PM Khaleda Zia.
• Canada PM Justin Trudeau announces resignation amid differences with ruling Liberal Party.
• South Korea’s impeached president Yoon Suk Yeol formally arrested over martial law decree.
• North Korea tests cruise missile system, vows ‘toughest’ response to US-South Korea military drills.
• Romania, Bulgaria fully join EU’s Schengen border-free zone.
• Syria names interim president; Ahmed al-Sharaa to lead transitional government.
• French Prime Minister Bayrou survives no-confidence vote.
• Denmark, Greece, Pakistan, Panama and Somalia assume responsibilities as elected members of UNSC.
• Pakistan begins its two-year tenure as non-permanent member of UNSC from January 1, 2025.
• Brazil announces Indonesia as new member of BRICS.
• Manu Bhaker, Gukesh, Harmanpreet Singh, Praveen Kumar receive Khel Ratna from President Murmu.
• Khelo India Winter Games begins in Leh.
• PM Modi inaugurates 38th National Games in Dehradun.
• Devajit Saikia takes charge as BCCI Secretary; Prabhtej Singh Bhatia begins role of Treasurer.
• No endorsements on tours, no travelling separately: BCCI issues strict policies for team.
• Rohit Sharma to lead in Champions Trophy; Shubman Gill named vice-captain.
• ICC Rankings: Bumrah remains No. 1 Test bowler; Jadeja top all-rounder.
• Jasprit Bumrah becomes 6th Indian to win ICC Test Cricketer of the Year.
• Mandhana, Deepti in ICC Women’s ODI Team of the Year, no Indian in men’s side.
• Ranji Trophy brings India stars to domestic cricket.
• Australia clinches Border-Gavaskar Trophy, qualifies for ICC World Test Championship.
• Gukesh becomes highest-ranked Indian at 4th in latest FIDE rankings, displaces Erigaisi.
• Australian Open: Jannik Sinner wins his third Grand Slam title; Madison Keys her first.

Business News

• GST collection rises by 8.5% to over ₹1.82 lakh crore in November.
• No Income Tax payable up to ₹12 Lakh under new regime.
• Capex target set at ₹11.2 lakh crore for FY26, up 9.8% from the previous fiscal.
• India Post to be turned into large logistic body with 1.5 lakh rural post offices.
• Modified UDAAN Scheme to be launched, including 120 new destinations, 4 crore additional passengers.
• Govt announces export promotion mission with sectoral targets.
• Centre allows 100% foreign investment in insurance to boost capital flow.
• Jal Jeevan Mission extended till 2028 with enhanced outlay to achieve 100% coverage.
• Cancer Centers to be established in all districts; day care treatment facilities in 3 years.
• CBI gets ₹1,071 crore in Budget, increase of ₹84.12 crore from ongoing fiscal.
• Centre increases Tribal Ministry budget by 45%.
• Economic Survey 2025: GDP growth forecast for FY26 between 6.3-6.8%.
• GST collections in January at ₹1.96 lakh crore, up 12.3% YoY.
• 8th Pay Commission for Central government employees approved ahead of Budget.
• Cabinet approval for National Critical Mineral Mission (CMM) with an outlay ₹18,000 crore.
• Union Minister HD Kumaraswamy launches PLI scheme 1.1 for steel industry.
• Nitin Gadkari announces nationwide cashless treatment scheme for road accident victims.
• ICMR proposes revised version of National Essential Diagnostics List.
• J&K’s first Vande Bharat train completes trial run from Katra to Srinagar.
• Nitin Gadkari announces ₹12,500 crore to improve Delhi’s infrastructure and reduce pollution.
• Centre approves Vedanta’s oil and gas drilling proposal in Assam’s eco-sensitive Gibbon sanctuary.
• NSE leads Asia in IPO count in 2024, sets global record for equity capital raised in primary market.
• SEBI withdraws recognition to Indian Commodity Exchange, paves way for ICEX to exit as an exchange.
• SEBI bans Ketan Parekh, Rohit Salgaocar in front-running scam; orders disgorgement of ₹66 crore.
• Standard Glass Lining Technology, Quadrant Future Tek, Capital Infra Trust, Laxmi Dental, Stallion India Fluorochemicals, Denta Water and Infra Solutions make their market debuts.
• SEBI proposes small ticket SIP with minimum investment of ₹250 per month.
• Shriram Housing becomes Truhome Finance, eyes 30% annual growth.
• Jio Financial Services, BlackRock infuse ₹117 crore in mutual fund business.
• Microsoft partners with MeitY under IndiaAI Mission.
• India joins UN committee on big data for official statistics.
• Microsoft plans to invest $80 billion on AI-enabled data centers in fiscal 2025.
• DeepSeek pips Chat GPT to become No.1 productivity app on App St.
• Alibaba launches AI model, says it beats DeepSeek, ChatGPT, Meta.
• Global leaders call for action on AI and regional reforms at World Economic Forum Annual Meeting 2025.
• WEF: Maharashtra signs 61 MoUs worth ₹15.70 lakh crore; Telangana signs 3 MoUs worth ₹15,000 crore.
• Bharat Mobility Expo sees 90+ launches, 8 lakh visitors.
• Tata Motors breaks four-decade record, Punch tops sales in 2024 surpassing Maruti Suzuki’s Wagon R.
• Hyundai teams with Nvidia to boost AI in self-driving cars and factory robots.
• JLR, Tata Communications partner for Next-Gen connected cars.
• Air Kerala to become India’s newest airline; launch regional flights from Kannur International Airport.
• Tata Elxsi and National Aerospace Laboratories sign strategic partnership for Advanced Air Mobility.
• 16.15 lakh electric vehicles incentivised under FAME-II Scheme.
• Hyundai in talks with TVS Motor to develop electric three-wheeler.
• Adani Group loses big Sri Lanka contract as power purchase deal is revoked amid corruption allegations.
• Trump says 25% tariffs on Canada and Mexico coming on Feb 1 as he signs several orders on economy.
• US Fed pauses interest rate cuts, signaling a cautious approach ahead.
• US bans central bank digital currencies; forms crypto working group led by David Sacks.
• Trump threatens ‘100% tariffs’ against BRICS countries over de-dollarisation.
• Swiggy Instamart expands to 76 cities, launches standalone app Snacc for 15-minute food delivery.
• Govt issues notices to Ola, Uber on differential pricing on iPhone, Android.
• TikTok goes dark as U.S. ban takes effect.
• Maruti Suzuki board approves reappointment of Hisashi Takeuchi as MD & CEO for another term.
• IDBI Bank’s board approves re-appointment of Rakesh Sharma as MD & CEO for 3 years.
• Sridhar Vembu resigns as CEO of Zoho Corp, takes on new role as ‘Chief Scientist’.

Q3 Results