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Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024. In between the cycle of quarterly results and the chase for growth amid dynamic market conditions, India's industry leaders reinforced their belief in the country as the best-placed nation in the world for future growth.
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Tamil Nadu Power Distribution Corporation cancelled a global tender for smart meters due to high costs quoted by the lowest bidder, Adani Energy Solutions Ltd. This follows allegations of Adani Group's involvement in a USD 250 million bribery for solar contracts, which the company denies.
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India is set to navigate various economic challenges and geopolitical tensions to maintain its status as the fastest-growing major economy. Despite a recent dip in growth, strong macroeconomic fundamentals and anticipated policy measures from both the government and RBI suggest an optimistic outlook for 2025.
Indias economic potential hinges on its ability to transform its vast base of small enterprises into dynamic, growth-oriented firms. By addressing the structural and policy barriers perpetuating the dwarf syndrome, India can unlock a new wave of inclusive and sustainable economic growth.
India's manufacturing sector, though still in growth territory, showed signs of slowing momentum in December, with softening demand and moderating new orders. The HSBC final Manufacturing PMI indicates potential challenges ahead, suggesting a less optimistic outlook for early 2025.
Indias economic outlook for 2025 is fraught with risks, as economists point to external challenges, including US policy shifts, and domestic issues like fiscal constraints, job creation, and monsoon performance that could significantly impact growth and stability.
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Steelmakers in India are expected to reduce their capital expenditure plans in 2025 due to declining steel prices, impacted by increased imports from China. This downturn has resulted in reduced profitability and cash flows, affecting expansion efforts as domestic steel consumption grows. Flat steel product prices are particularly hit, leading to cautious investment strategies.
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Credila Financial Services and Avanse are set to launch IPOs, aiming to raise Rs 5,000 crore and Rs 3,500 crore respectively. Both companies are pioneers in the education loan sector, managing over Rs 60,000 crore in loans, addressing the increasing need for education financing in India.
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