Financial Express Ahmedabad - December 23, 2024
Financial Express Ahmedabad - December 23, 2024
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In this issue
December 23, 2024
Centre may reduce reserve sale price for rice to make ethanol
GIVEN THE HIGH rice stocks, the government is discussing a reduction in the reserve sale prices of broken rice offered to grain-based distilleries for ethanol manufacturing from the central pool held by the Food Corporation of India (FCI).
2 mins
Competition watchdog strikes a fine balance: Regulator & business facilitator
IT'S BEEN AN action-packed year for the competition watchdog, both in terms of the number of cases handled and the changes made in the current regulations aimed at strengthening the commission and creating a conducive environment for businesses.
2 mins
India's natural gas imports surge 21% in April-November
INDIA'S NATURAL GAS imports surged 21% to 24,798 mmscm (million metric standard cubic metre per day) during April-November 2024, compared to 20,486 mmscm in the same period last year, driven by higher consumption from city gas distribution companies and the power sector, according to data from the Petroleum Planning and Analysis Cell (PPAC).
1 min
Mandi prices of onion fall 50% on fresh arrivals
WITH THE ARRIVAL of fresh kharif crops, average mandi prices of onions at Lasalgaon in Nashik, Maharashtra—the country's key onion trading hub—halved to ₹2,000 per quintal on Sunday from ₹4,000 per quintal a month ago.
1 min
Investment pacts may not be part of FTAs
DESPITE THE DEMAND from some partners for inclusion of investment protection treaties in free trade agreements (FTAs) that are under negotiation, India would stick to its stand of signing separate treaties for investments, and not making them part of FTAs, a senior official said.
2 mins
ED to staff: No PMLA only on basis of conspiracy
WITH SOME OF ITS high-profile money laundering proceedings facing legal setbacks and the Supreme Court taking an adverse view, the Enforcement Directorate (ED) has decided not to register cases that are based solely on \"criminal conspiracy\" as a \"predicate offence\" -- there should also be a primary offence listed under the Prevention of Money Laundering Act (PMLA), sources told The Indian Express.
1 min
States' capex likely fell during April-November
Capital spends of 12 states reviewed down 7%, borrowings decline 4%
2 mins
Avaada looks to raise $1-bn debt to fund green projects
Green ammonia, hydrogen projects coming up in Odisha
2 mins
WEF summit: Over 100 Indian CEOs, ministers to visit Davos
Over 100 chief executive officers (CEOs) and at least three state chief ministers and other leaders from India will be in Davos next month to attend the World Economic Forum (WEF) annual meeting 2025.
1 min
VC boom: New firms reshape startup funding
THE VENTURE CAPITAL (VC) landscape witnessed a surge in activity in 2024, with over 30 new VC firms entering the market.
1 min
DoT expects BSNL to post ₹558-crore profit in FY27
THE DEPARTMENT OF telecommunications (DoT) has projected state-owned Bharat Sanchar Nigam (BSNL) to turn profitable in FY27 with a profit of ₹558 crore.
2 mins
Media's moment of reckoning: Convergence model set to be tested
The year 2024 was marked by significant consolidation in the Indian media and entertainment industry.
2 mins
India to see a surge in AI applications: Nasscom
INDIA WILL SEE a surge in artificial intelligence (AI) applications and cost reductions in 2025, with increasing adoption across sectors like healthcare, finance, energy, and governance, Sanjeev Malhotra, CEO of the Centre of Excellence for IoT and AI at Nasscom, told FE.
1 min
Suspect in German Christmas market attack detained
A GERMAN JUDGE ordered pre-trial detention for the man suspected of driving a car into a German Christmas market in the eastern city of Magdeburg two days ago, killing five people and injuring dozens.
1 min
Will take back control of Panama canal, says Trump
PRESIDENT-ELECT DONALD Trump said Saturday that the Panama Canal is charging \"exorbitant prices and rates of passage\" on US naval and merchant ships, and he demanded that fees be lowered or else Panama should return the canal to the US.
1 min
Musk's Trump trade makes Tesla a winner with $570-billion rally
LESS THAN TWO months ago, shares of Tesla were on their way to just the third losing year in the electric-vehicle maker's decade-and-a-half as a public company.
2 mins
Israeli strikes kill 17 Palestinians in Gaza
ISRAELI MILITARY STRIKES across the Gaza Strip killed at least 17 Palestinians, eight of them at a school sheltering displaced families in Gaza City, medics said, as the Israeli military ordered the evacuation of a hospital in the north.
1 min
Front-running case: Sebi bans nine entities
Impounds illegal gains of ₹21.16 crore
2 mins
Top-10 most valued firms' m-cap slumps ₹4.95 lakh cr
THE COMBINED MARKET valuation of all the top-10 most valued firms plunged ₹4.95 lakh crore last week, in line with a bearish trend in equities, where Tata Consultancy Services (TCS) and Reliance Industries (RIL) faced the sharpest erosion.
1 min
Growing demand drives growth in power T&D sector
THE POWER TRANSMISSION and distribution (T&D) sector is set for a significant growth, driven by increasing electricity demand and focused renewable energy goals. India aims to achieve 500 GW of renewable energy by 2030, almost 3x from 180 GW currently installed, marking the largest push for capital investment in power infrastructure.
1 min
Overlapping lending: Banks urge RBI to extend deadline
BANKS HAVE REQUESTED the Reserve Bank of India (RBI) to extend the timeline for adhering to new guidelines that prohibit overlapping lending activities between banks and their group entities.
2 mins
Empowering educators by harnessing GenAI tools
The demand for specialised skills in fintech, AI, project management to rise in 2025: Mayank Kumar of upGrad
1 min
Made to handle market turbulence
These provide a balanced approach to wealth creation
1 min
Get more interest money on EPF claim
Claims will now be accepted throughout the month
3 mins
How skilling will change in five years
Academicians and CHROs on the skills and roles you must focus on for career advancement and leadership positions
1 min
Budgeting for peasants, planet
UNLESS POLICIES TRY TO GET THE AGRI-MARKETS RIGHT, OUR FARMERS WILL KEEP AGITATING FOR HIGHER PRICES
4 mins
Winner, but for how long?
India Inc's fortunes will soon change, unless higher household income supports demand
2 mins
Sensible. Sustainable. Sensual
All the luxury you need, at half the price of a luxury car & two times fuel efficiency
1 min
Has the 'Indian' car brand come of age?
Consumers are no longer hung up on global badges
2 mins
Tech redefines how we shop in-store
AI provides cues according to individual tastes
2 mins
GOVO GOBUDS SPORTComfortable fit for long sessions
These earbuds have low latency and a strong battery
1 min
'Consumers prioritise value, want devices tailored to their needs'
JEFFREY LIANG, PRESIDENT, BENQ ASIA PACIFIC
1 min
Eliminates odour, cleans indoor air in a jiffy
Ideal for bedrooms, offices, or small living areas
2 mins
26 members enter startup billionaire club in 2024
Fifty-year-old Supam Maheshwari, an IIM Ahmedabad alumnus, founded the online platform for babycare products FirstCry after selling an e-learning company that he had set up.
1 min
If it is business as usual, Viksit Bharat by 2047 will not happen
Raghuram Rajan, former RBI governor, in an interview with Udit Misra, speaks on a wide variety of topics, ranging from inflation to GDP growth to the impact of possible global trade war under President Trump's second term. Excerpts:
2 mins
Smartphone exports set to top ₹1.70 L cr
India's smartphone industry added exports worth ₹2.87 lakh crore, with domestic value addition reaching nearly 20%, according to ICEA. The sector's success is attributed to a strong government-industry partnership. In FY24, smartphone exports totaled ₹1.29 lakh crore, and electronics exports reached ₹2.41 lakh crore, with iPhones making up a significant portion. The government is focusing on export-led growth in this sector.
1 min
Broker strength falls 40% on compliance burdens
Brokerage firms are facing increasing compliance burdens, leading to a 40% decline in strength.
1 min
ISRO to study how crops grow in space on PSLV-C60 mission
DEMONSTRATION OF SEED germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4, the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.
1 min
It's slow going at Indiamart
THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS
3 mins
Scott Boland & the 'stolen generation'
ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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