New Orders & Contracts:
• Arston Engineering: Secured a ₹61.54 crore order from Sadhav Offshore Engineering Pvt. Ltd.
• Marine Electrical: Won a ₹37.92 crore contract from DC Development Noida Ltd.
• Engineers India: Bagged a ₹222 crore PMC services order from HPCL for the Lube Modernization project.
Acquisitions & Investments:
• Tube Investments of India: Acquired a 67% stake in Kcaltech System India Pvt. Ltd.
Technological Advancements & Strategic Partnerships:
• Zaggle: Partnered with Ekincare to introduce a Health & Wellness wallet for corporate employees.
• Vantage Knowledge Academy: Collaborated with Marwadi University to offer finance courses.
Expansions & Growth
• Mukta Arts: Opened a new 2-screen cinema in Kalyan, marking a key milestone in its 2025-2026 expansion strategy.
• Ask Automotive: Commissioned a 6.6 MWp solar plant in Haryana, now operational.
• Everest Kanto: Secured financing for Egypt’s first CNG cylinder plant.
Leadership Changes & Appointments:
• Protean eGov: Appointed Mr. Gopa Kumar T N as CEO of Protean International DMCC, effective February 1, 2025.
Other Updates
• Bharat Forge: Approved an ₹82 crore investment in Kalyani Powertrain Limited through a rights issue.
• Tata Technologies: Experienced a ransomware attack, temporarily suspending services, though client operations remain unaffected.
• Polycab India: Under GST investigation at its corporate office and directors’ residences.
• Maruti Suzuki: Targets becoming India’s largest electric car manufacturer in its first production year.
• Wockhardt: Zaynich® achieved a 96.8% clinical cure rate in its Phase III study for cUTI.
• Kiri Industries: Won both appeals in the DyStar en bloc sale, securing US$603.80 million.
• Nazara Technologies: Paper Boat Apps adds Barbie to Kiddopia, expanding its digital content.
• Ola Electric: Launched the Gen 3 S1 Pro+ with up to a 5.3 kWh battery, deliveries to begin mid-February.
Budget 2025 Few Key Highlites:
Textile Sector: Lots of loans and credit access to startups and MSMEs via portals and govt websites
Footwear and non-leather sector: schemes to help generate employment
Toys sector: lots of vauge measures announced to make India a hub of toy manufacturing
For an annual income of ₹12 lakh under the new tax regime, here's the comparison between the old rates and the updated rates from the Finance Bill, 2025:
New Tax Regime (Old Rates): ₹1,17,000
New Tax Regime (Updated Rates - 2025): ₹0 (due to the rebate under Section 87A)
Total Tax Savings: ₹1,17,000
With the updated rates, you pay no tax on an income of ₹12 lakh
Bloomberg's View on Tariff Implications:
1. New tariffs will impact about $1.3 trillion worth of trade, or 43% of U.S. imports, which is 5% of US GDP
2. Average tariff rate in the U.S. set to rise from 3.0% to 10.7%
3. *Note: This differs from our 22% estimate in point #14 below, which is based on Trump's threatened tariffs through 2028
4. Expected to "deal a significant supply shock to the U.S. economy"
5. Tariffs expected to reduce U.S. GDP by -1.2% and increase Core PCE inflation by +0.7%
6. Assumptions assume that trade partners retaliate with same tariffs
Most models still do not account for the potential 100% tariff on BRICS countries.
This would be the most unprecedented tariff in U.S. history if imposed.
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