🗞️ Daily Business Brief – JAN 13, 2025
- FIIs vs DIIs Flow FIIs were net sellers of ₹1,499.81 Cr while DIIs were net buyers of ₹1,181.78 Cr in equities today (provisional).
- Trump on Tariffs US President Donald Trump warned that if the Supreme Court strikes down his tariff powers, refunds would become nearly impossible, calling it a “complete mess.”
- World Bank on India FY26 India’s GDP growth is seen at 7.2% in FY2025/26 driven by strong domestic demand and consumption.
- World Bank on India FY27 India’s growth projected at 6.5% in FY2026/27 assuming US 50% tariffs continue.
- Global Jobs Outlook World Bank flags major employment challenge as 1.2 billion young people enter the workforce over the next decade.
- World Bank Policy Focus Job creation needs emphasis on capital formation, business climate reforms and private investment.
- Sajjid Chinoy on Economy He said the year saw multiple cyclical tailwinds supporting growth.
- Nominal GDP Outlook Govt may budget nominal GDP growth at 10% next year.
- Fiscal Deficit Chinoy said fiscal deficit should gradually be brought to 4%, without draconian consolidation.
- FDI and Capex FDI inflows tend to rise when domestic capex picks up.
- Rupee Policy Chinoy said letting the rupee depreciate could help economic competitiveness.
- Quick Commerce Branding Removal of ‘10-minute delivery’ taglines is largely optics-driven and not a business-altering move.
- US 25% Tariff on Iran Trade Likely to have minimal impact on India, according to government sources.
- India–Iran Trade India’s total trade with Iran was $1.6 billion last year, about 0.15% of India’s total trade.
- Indian Overseas Bank Bank maintained its one-year MCLR at 8.80%.
- Redtape Founders Reached out to Blackstone and KKR to invite interest for stake sale of up to $509 million.
- L&T Kuwait Project L&T clarified that projects mentioned in MEED report were not part of its order book.
- Sunlite Recycling Q3 FY26 revenue jumped 107% YoY on 76% volume growth.
- Paytm Cloud Technologies Incorporated a wholly owned subsidiary in Luxembourg.
- NLC India Signed MoU with Gujarat for large-scale renewable energy projects with ₹250 billion investment potential.
- Kirloskar Ferrous Industries Resumed operations at its Jejuri plant.
- US Core CPI December core CPI (YoY) came in at 2.6% vs 2.7% estimate.
- Anand Rathi Group To carry investment banking, merchant banking and advisory business in GIFT City under IFSCA framework.
- Responsive Industries CFO Bhavneet Singh Chadha has resigned.
- KRN Heat Exchanger Board approved conversion of up to ₹100 crore loan into equity in KRN HVAC Products to strengthen group structure.
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