India's 6th Chip Plant Approved
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🗞️ India’s 6th semiconductor unit approved in Jewar
The Cabinet has cleared India’s sixth semiconductor plant in Jewar, led by HCL Group and Foxconn, with a ₹3,706 crore investment. The unit will make 20,000 wafers/month, supporting the local electronics ecosystem and generating 2,000 jobs.
💬 Expert Take: “This marks a pivotal step in India's semiconductor ambition. Foxconn’s presence brings global credibility,” said Anil Agarwal, Chairman, Vedanta Group.
🗞️ Tata Power net profit rises 16.5% to ₹1,043 crore in Q4
Tata Power posted a 16.5% YoY jump in profit for Q4 FY25, driven by robust growth in its renewable energy and distribution verticals. The company remains focused on sustainable energy projects and rural electrification.
🗞️ AWS signs strategic AI deal with Humain
Amazon Web Services (AWS) has entered into a strategic partnership with Saudi-backed startup Humain, aiming to strengthen cloud and AI infrastructure across the Middle East and North Africa.
🗞️ Nykaa, Coromandel set to join MSCI India Index
Nykaa and Coromandel International will be added to the MSCI India Index as part of the May reshuffle. Analysts expect an uptick in foreign fund inflows due to this move.
🗞️ SEBI to ease FPI norms for govt bonds
SEBI has proposed relaxing investment norms under VRR and FAR routes for foreign portfolio investors (FPIs) to promote deeper participation in India’s government bond market.
🗞️ Healthtech startup Complement 1 raises $16M
AI-based healthtech firm Complement 1 raised $16 million in a round led by Owl Ventures and Blume Ventures. The capital will fuel global expansion and AI diagnostics innovation.
💬 Expert Take: “AI in health is moving from hype to utility. Complement 1 is at the right place, right time,” said Karthik Reddy, Co-founder, Blume Ventures.
🗞️ Indian IPO count dips 60% in 2025
India saw just 10 IPOs raise ₹18,704 crore so far this year—a 60% drop YoY. However, the average deal size has doubled, signaling investor preference for quality over quantity.
🗞️ Raymond crashes 66% after realty demerger
Raymond shares plunged 66% as the market factored in the demerger of its real estate arm. While the correction is technical, some analysts still see long-term value in the textile business.
📊 Market Updates (as of 14 May 2025)
📈 Sensex: 81,330.56 ▲ +0.22%
📈 Nifty 50: 24,660.00 ▲ +0.30%
💵 USD/INR: ₹85.27 ▼ -0.07%
🛢️ Brent Crude: $66.20 ▼ -0.12%
🪙 Bitcoin: $62,120 ▲ +1.05%
🪙 Gold (MCX): ₹93,195 per 10g ▼ -₹452