Posts archive for Jan 2025

Waaree Energies Ltd. achieved a noteworthy four-fold increase in its Q3 profit, reaching ₹493 crore. Revenue also saw a significant rise, marking a 116% increase from the previous year's period. The company boasts a 26.5 GW orderbook valued at ₹50,000 crore, with growing opportunities in energy transition markets. The business is expanding its global footprint and strengthening its presence in high-potential regions with a focus on solar and renewable infrastructures.

The Federal Reserve has decided to keep interest rates steady, maintaining the benchmark range between 5.25% and 5.5%. This decision comes amid ongoing inflation concerns and a gradually growing economy. The unanimous decision by the Federal Open Market Committee underscores the balance between sustaining economic expansion and addressing inflation risks. Fed Chairman Jerome Powell reiterated the importance of monitoring economic conditions.

Martyrs' Day, also referred to as Shaheed Diwas, is observed in India on January 30 to honor Mahatma Gandhi's death and the sacrifices of numerous freedom fighters. Assassinated on January 30, 1948, Gandhi's legacy of non-violence and leadership in the fight for India's independence is celebrated with nationwide events and ceremonies. The day serves as a reminder of the enduring principles of peace and unity.

Cricket fans are in for a treat as Virat Kohli makes a long-awaited return to the Ranji Trophy, playing for Delhi against Railways. Originally not scheduled for live broadcast, the BCCI and JioCinema decided to stream the match, recognizing the palpable excitement among fans. Kohli's participation in the game at Arun Jaitley Stadium has turned it into a must-watch, despite the lack of stakes for neither team's advancement.

Virat Kohli is set to play in the Ranji Trophy for Delhi against Railways after a 12-year hiatus from domestic cricket. The match will take place from January 30 to February 2 at the Firoz Shah Kotla Stadium in Delhi. Initially excluded from live broadcasts, JioCinema has decided to stream it due to high demand. Kohli plays under Ayush Badoni's captaincy and the excitement around his presence is palpable.

Sridhar Vembu, a pivotal figure at Zoho Corporation, is stepping down as CEO to become Chief Scientist, focusing on R&D as AI continues to evolve. His shift underscores a commitment to innovation while also aligning with his rural development goals. This change comes amid significant industry challenges and aims to bolster Zoho's future through strategic exploration, including potential ventures like chip-making.

Infosys co-founder Kris Gopalakrishnan and former IISc Director Balaram are among 18 individuals charged under the SC/ST Prevention of Atrocities Act following a complaint by tribal member Sanna Durgappa. Durgappa alleged caste discrimination and wrongful dismissal from IISc over false harassment claims. The case centers on allegations of systemic bias against SC/ST community members at prominent academic institutions.

Maharashtra is grappling with its first reported death due to Guillain-Barre Syndrome (GBS) amidst a surge of cases reaching 101 in Pune. The deceased, a resident of Solapur, showed symptoms typical of GBS before passing away. This alarming situation has prompted authorities to undertake extensive water testing and launch public health surveys. The state's response includes the deployment of a seven-member expert team to curb the spread and provide necessary medical support.

The financial world was abuzz as Central Depository Services (India) Ltd. experienced a nearly 10% drop in share prices following their Q3 results. Despite an increase in net profit, lower income and decreased engagement with only 92 lakh new demat accounts cast a shadow over their performance. Analysts have varied ratings, and investors are concerned about sustainability amidst technological investments affecting margins.

In a gripping Premier League match at the Etihad Stadium, Manchester City overcame Chelsea with a 3-1 victory on January 25, 2025. This victory highlights City’s commanding play, marked by Erling Haaland’s exceptional goal and Phil Foden’s game-securing performance. The match, full of drama and skill, dealt a blow to Chelsea’s campaign while solidifying Manchester City’s league position.