Financial Express Ahmedabad - December 19, 2024
Financial Express Ahmedabad - December 19, 2024
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In this issue
December 19, 2024
Sebi tightens SME listing regulations
● Performance validation agency PaRRVA set up
2 mins
Trump threatens to impose reciprocal tariffs on India
US PRESIDENT-ELECT DONALD Trump has said that India charges \"a lot\" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.
2 mins
2W sales skid sharp 19% in Dec
RETAIL SALES OF two-wheelers are headed for their first December drop in two years with the first half of the month registering a sharp 19% year-on-year fall, according to data sourced from the government's Vahan portal.
1 min
Investments will drive FY26 growth to 6.6%: Ind-Ra
INDIA RATINGS AND Research (Ind-Ra) has projected India's economy to grow 6.6% in FY26, which is 20 basis points (bps) higher than its forecast for FY25, driven by a pick-up in investments.
1 min
Higher EPFO pension: Firms can file wage info till Jan 31
The Employees' Provident Fund Organisation (EPFO) has extended the time for uploading requisite wage details of members by employers till January 31, 2025, to avail pension on higher wages, the labour ministry said in a statement.
1 min
Will GST Council play Santa? All eyes on Saturday's meet
Finance ministers of states will also make pre-Budget proposals
2 mins
NHPC in talks with Bhutan for hydel JV
STATE-RUN NHPC IS in discussion with the Bhutan government to form a joint-venture company to undertake hydropower projects in the Himalayan country, a senior executive of the Indian hydropower major told FE.
1 min
Net direct tax collections grow 16% to ₹15.82 lakh cr
NET DIRECT TAX collection grew 16.45% year-on-year to over ₹15.82 lakh crore till December 17 this financial year, buoyed by higher advance tax mop-up, government data showed.
1 min
Number of independent directors on corporate boards on the rise
BOARDS OF CORPORATE
1 min
Trump tariff threats to open market access talks
Experts call for a targeted reduction of levy by India, with policies to boost manufacturing
3 mins
Rental housing norms for factory workers this week
● Developers may get 40% viability gap funding
1 min
'Unusual' surge in November gold imports under govt lens
'SHINING' NUMBERS MAY BE REVISED
2 mins
Explore ties with foreign cos to bridge tech gap: House panel to BSNL
A PARLIAMENTARY PANEL on Wednesday recommended that state-owned BSNL should explore ties with foreign tech firms to address issues in the deployment of indigenous technology.
1 min
Red flags as SECI says Azure capacity given to Adani in 'public interest'
IN WHAT HAS raised red flags in the new Andhra Pradesh government led by TDP's N Chandrababu Naidu is a submission by the central government-undertaking Solar Energy Corporation of India (SECI) to the apex electricity regulator that the transfer of 2,300 megawatt solar capacity from Azure Power to Adani Green Energy was made in larger \"public interest\".
1 min
New chapter: LEAD Group eyes premium schools
WESTBRIDGE CAPITAL-BACKED edtech unicorn LEAD Group has unveiled Pinnacle, a digital curriculum solution targeting high-fee schools, marking its shift from affordable institutions.
1 min
Welspun arm looks to raise ₹4,000 cr
WELSPUN ONE, THE logistics and industrial property arm of Welspun group, plans to raise ₹4,000 crore to fund its expansion.
1 min
Country Delight starts 10-15 minute delivery
DIRECT-TO-CONSUMER dairy and daily essentials brand Country Delight has become the latest entrant to the 10-15 minute delivery space.
1 min
Infosys inaugurates ₹426-cr development centre in Bengal
INFOSYS, THE COUNTRY'S second-largest IT services firm, on Wednesday inaugurated a state-of-the-art development centre in New Town, Kolkata, marking a major milestone in West Bengal's IT growth story.
1 min
Subsea cables: Big Tech may get govt support
Focus now on establishing repair & maintenance infra
2 mins
Green technology in focus at Sustainability Conclave
Kwality Paints showcased its pioneering role in developing eco-friendly water-based paints for industrial applications in India, and the Sustainability Conclave 2024 highlighted the importance of green technology in addressing global environmental challenges.
2 mins
Good Capital targets AI-driven funding in 2025
GOOD CAPITAL, AN early-stage venture capital (VC) firm, plans to make 6-7 investments in 2025, focusing on startups that integrate artificial intelligence (AI) into existing business models, especially in tier 2 and 3 cities.
1 min
Chinese auto parts imports see flat growth in H1FY25
IMPORTS OF CHINESE auto components, which used to be quite high till a few years ago, are now seeing their growth rate plateauing.
2 mins
Green technology in focus at Sustainability Conclave
Kwality Paints showcased its pioneering role in developing eco-friendly water-based paints, significantly reducing VOC emissions and promoting sustainable practices within the automotive and industrial sectors. The Sustainability Conclave 2024 highlighted collaborations with Cummins and Tata Motors, emphasizing the importance of green technology in addressing global environmental challenges.
2 mins
Offshore instruments rule adds to compliance burden for FPIs: Experts
Negligible trades with derivatives as underlying assets in last three years
1 min
Mobikwik debuts at 58% premium; ends opening day with 90% gains
Vishal Mega Mart sees over 40% gains in opening trade
1 min
Shriram Group arm raises $1.28-bn loan
SHRIRAM FINANCE (SFL), the flagship company of the Shriram Group, raised $1.277 billion in multiple currencies, including dollar, euro and dirham (AED), through an external commercial borrowing (ECB) loan transaction.
1 min
Indices extend losing streak for third consecutive session
BENCHMARK INDICES FELL up to 0.62%, continuing their losing streak for the third straight session, as investors remained cautious ahead of the US Federal Reserve meeting outcome.
1 min
Musk, SpaceX face federal reviews over security issues
ELON MUSK AND SPACEX face at least three federal reviews over whether they have complied with federal reporting rules aimed at protecting national security, the NYT reported on Tuesday.
1 min
UK inflation hits 8-month high in Nov
British inflation hit an eight-month high in November, but the rise in services prices - watched closely by the Bank of England (BoE) as an underlying measure of inflationary pressures - held steady, offering the central bank a little bit of relief.
1 min
China's billionaires are making money for the first time since 2020
CHINA'S BILLIONAIRES ARE slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping's push for common prosperity at the expense of powerful private business owners.
2 mins
Board observers in the spotlight
TWO RECENT REGULATORY developments have brought the role of board observers into the spotlight.
4 mins
Walmart has a tough battle ahead in India
E-COMMERCE IN INDIA is a political and regulatory minefield. US consumer giant Walmart Inc.—which has been waiting to launch the much-anticipated initial public offering of the online marketplace it acquired for $16 billion six years ago—has had its patience tested. It's unlikely to get Flipkart out the door next year; a 2026 IPO may be a more reasonable expectation, with a little diplomatic help from the incoming government in Washington.
2 mins
Placing Indian agriculture on the global map
Farmer producer organisations should be supported per their requirements, which currently are know-how about international standards and scaling
2 mins
Acting with restraint
Overall, regulators have done a competent job, but they need to work on lack of transparency and overreach
2 mins
Moving beyond conventional tech
AI offers a wide range of benefits for SMEs
2 mins
Drones deliver new hope to farmers
• Aerial tech enhances farming efficiency, can tackle workforce woes
2 mins
Enhancing customer journey in the cloud
ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools.
1 min
2W sales skid sharp 19% in Dec
Two-wheeler sales in December dropped sharply by 19%, a significant downturn following robust sales in October and November.
1 min
Trump threatens to impose reciprocal tariffs on India
HE MADE THE remarks while responding to a question on a potential trade agreement with China.
2 mins
Opposition seeks Shah's resignation
PM defends HM; slams Cong & its 'rotten ecosystem'
2 mins
Sebi tightens SME IPO rules
SEBI also cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE) by increasing the threshold for identification of HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introduced a sunset clause governing corporate governance of debt-listed securities.
1 min
Free healthcare for senior citizens: Kejriwal
AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power. The scheme, called Sanjeevani, will not have an income cap for eligibility, he said.
1 min
Navy boat hits ferry off Mumbai coast, 13 dead
A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday. At least 13 people were killed in the incident, officials said, adding that the rest have been rescued.
1 min
US announces H-1B visa overhaul, Indian techies to benefit
TO TAKE EFFECT IN MID-JANUARY
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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