China's Competitor to OpenAI, IPO Frenzy, & India’s Economic Growth
Your daily dose of business news
🗞️ China's DeepSeek: Competitor to OpenAI
China unveils DeepSeek, a homegrown competitor to OpenAI, focusing on enhancing natural language processing and AI capabilities. This initiative aligns with China’s push for technological self-reliance.
Expert Opinion: Dr. James Wu, an AI researcher, believes DeepSeek could bolster China's ambition to rival Silicon Valley in innovation.
🗞️ Sunsure Energy Signs 300 MW Deal with SECI
Partners Group-backed Sunsure Energy has signed a 300 MW power purchase agreement with the Solar Energy Corporation of India (SECI), reinforcing the shift toward clean energy.
Expert Opinion: Renewable energy expert Dr. Priya Mehta highlights this as a step forward in India’s ambitious renewable energy targets.
🗞️ FPIs Withdraw ₹64,000 Crore from Indian Equities in January
Foreign Portfolio Investors (FPIs) pulled out ₹64,000 crore from Indian equities this month, continuing a trend of relentless selling.
Expert Opinion: Veteran economist Dr. Arvind Chandra attributes this to global macroeconomic uncertainties and rising US treasury yields.
🗞️ Budget 2025: FY26 Nominal GDP Growth May Be Pegged at 10.4%
The upcoming Union Budget is expected to project a 10.4% nominal GDP growth for FY26, signaling optimism amid a challenging global economic landscape.
Expert Opinion: Economist Dr. Nisha Gupta views this as a pragmatic estimate, reflecting robust domestic demand and industrial growth.
🗞️ Supreme Court Declines PIL to Scrap TDS System
The Supreme Court has refused to entertain a PIL seeking the abolition of the Tax Deducted at Source (TDS) mechanism under IT law.
Expert Opinion: Tax expert Ashok Jain notes that the TDS system remains integral to ensuring tax compliance and revenue collection.
🗞️ India’s Exports to the US Surge 55.7% in FY25
India’s exports to the US reached $60 billion during April-December FY25, marking a significant 55.7% growth.
Expert Opinion: Trade analyst Harish Patel attributes this rise to strengthened bilateral ties and demand for Indian goods like textiles and IT services.
🗞️ Banking Liquidity Deficit Hits 15-Year Low
India's banking liquidity deficit has plummeted to its lowest in 15 years, highlighting tighter financial conditions.
Expert Opinion: Financial expert Dr. Raghav Sharma notes that tighter liquidity may pressure borrowing rates, potentially slowing credit growth.
🗞️ Stocks to Watch Today: ICICI Bank, NTPC, JK Cement, and More
Key stocks, including ICICI Bank, IDFC First, DLF, and JK Cement, are on analysts’ radar today for their anticipated performance updates.
Expert Opinion: Stock analyst Anjali Desai emphasizes the focus on the real estate and banking sectors as market drivers for the day.