Financial Express Ahmedabad - January 04, 2025
Financial Express Ahmedabad - January 04, 2025
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In this issue
January 04, 2025
Import of oil from Russia falls 13% in Dec
INDIA'S IMPORT OF Russian crude oil declined by 13.2% to 1.39 million barrels per day in December against 1.61 million barrels per day in November, data from Vortexa showed.
3 mins
Major infra, slum redevelopment plans for Mumbai North in 2025
PIYUSH Goyal has said slum redevelopment, and fast-tracking key projects like road and railway line extensions, are among the major initiatives planned this year to significantly transform the urban landscape of his Lok Sabha constituency.
1 min
EVs Don't Need Additional Subsidies
Industry demands infrastructure status for battery charging facilities
2 mins
CPSE dividend receipts at 86% of FY25 target
Dividends likely to exceed the Budget target by a decent margin
1 min
Govt open to make it easier for startups to return to India
The government is open to ideas to make it easier for startups that have migrated overseas to return, commerce and industry minister Piyush Goyal said on Friday.
1 min
India looking for deep ties with Trump govt: Goyal
GOODS AND SERVICES EXPORTS TO CROSS $800 BN THIS FISCAL: MINISTER
1 min
Zomato & Swiggy May Continue ₹10 Fee After Festivities
Zomato and Swiggy are likely to continue charging customers the increased platform fee of ₹10 per order even after the festive season ends, sources aware of the matter told FE.
2 mins
Weak demand to keep revenue growth of FMCG firms muted
PRICE HIKES MAY HAVE NEGATIVELY IMPACTED VOLUMES IN Q3
2 mins
India's Smartphone Market to Hit $50-bn Milestone in 2025
The country's smartphone market is expected to cross $50 billion (₹4.3 lakh crore) in value in 2025, according to Counterpoint Research.
1 min
Tata Elxsi joins Qualcomm for future mobility
TATA ELXSI PLANS to collaborate with Qualcomm Technologies to develop and leverage virtual models of Snapdragon Digital Chassis solutions for cloud-native application development.
1 min
Zomato & Swiggy May Continue ₹10 Fee After Festivities
Zomato and Swiggy implemented a ₹10 platform fee to manage increased order volume during the festive season.
1 min
Zepto Sets Up New Entity to Shift to Marketplace Model
QUICK COMMERCE COMPANY Zepto has set up a new entity, Zepto Marketplace, to rejig its operations from a B2B model to a marketplace model, according to people in the know.
1 min
GenAI Intensifies Pricing Pressure on IT Sector
The rapid adoption of generative AI (GenAI) is reshaping spending patterns in the IT services industry; however, this technological shift is intensifying pricing pressures for providers.
2 mins
Papa John's Plans India Re-entry After Delays
US PIZZA CHAIN Papa John's International plans to make its return to the Indian market in 2025, a year later than planned, while many Western brands rethink their plans as inflation hits consumer spending.
1 min
DigiLocker glitch sparks backup demand
THE DIGILOCKER OUTAGE, which disrupted e-KYC processes for fintech firms, brokers, and other businesses, has led to calls from companies and tech experts to improve the resilience of digital public infrastructure (DPI) to avoid similar issues in the future.
1 min
After quitting as Easy Trip CEO, Pitti says no further stake sale
Ishant Pitti, who stepped down as the CEO of Easy Trip Planners on January 1, has said that he will not be selling any more stake in the company.
1 min
The rise and fall of Dunzo's Kabeer Biswas
Though the company's FY24 financials are not available, internal sources suggest Dunzo now operates with 40,000 daily orders and 50 employees
3 mins
Bajaj Housing Finance stock may drop 21%: Kotak report
Initiates coverage with 'sell' rating; target price at ₹100
1 min
Weakening rupee will benefit export-oriented firms: Mobius
WHILE A WEAKENING rupee is a dampener for foreign investment inflows into India, export-oriented companies could benefit from the fall in the local currency, as they become more competitive against China, Mark Mobius, chairman of Mobius Emerging Opportunities Fund, said on Friday.
1 min
Unlisted shares on a high with rising investor interest
WITH INTEREST IN the unlisted space growing, several smaller firms are deploying innovative ways to tap small investors.
2 mins
Banks Post Strong Growth in Advances, Deposits in Q3
STARTING THE NEW year on a positive note, Bank of Baroda, Bank of India, Yes Bank, and IDFC First Bank reported strong growth in advances and deposits in Q3.
2 mins
JM Fin gets Sebi warning over lapses; stock falls
The Securities and Exchange Board of India (Sebi) has issued JM Financial an administrative warning over regulatory non-compliance during the initial public offering (IPO) of its client, Western Carrier (India).
1 min
Kotak Bank's Nagnur Steps Down as COO, CTO
KOTAK MAHINDRA BANK'S chief operating officer (COO) and chief technology officer (CTO) Milind Nagnur has stepped down due to personal reasons, the bank said in an exchange filing on Friday.
1 min
Hyundai, Kia See Pick-Up in 2025 Sales
TOUGH TIMES AHEAD
1 min
Boeing Still Needs Culture Change: FAA
A YEAR AFTER a panel blew out of a Boeing 737 Max during flight, the nation's top aviation regulator says the company needs \"a fundamental cultural shift\" to put safety and quality above profits.
1 min
Biden blocks US Steel takeover bid by Nippon
PRESIDENT JOE BIDEN has blocked the $14.1-billion sale of United States Steel to Nippon Steel, killing a high-profile deal that sparked a political firestorm and tensions between the US and Japan.
1 min
Mercedes, Toyota Building Super-Hybrids
THE MERCEDES GLC 350e offers four zones of climate control and its headlights project icons onto the pavement—such as a pedestrian—to warn of coming hazards.
1 min
China's central bank likely to cut rates this year
POLITBURO LAST MONTH EASED THE NATION'S MONETARY POLICY STANCE FOR THE FIRST TIME IN 14 YEARS
2 mins
A $24-billion fund puts its religious stamp on corporate America
JIM LAKE, A devout Christian in Washington state, said his religious beliefs have always made him opposed to practices such as abortion, transgender transitions, or embryonic stem cell research.
3 mins
Preparing for Trump 2.0
India needs a proper strategy to respond to the US President-elect's threats on tariffs
2 mins
Trump and crypto flip-flops
Regulators must hold their ground, resisting the call of deregulation and ensuring crypto's integration into the financial system is guided by prudence, not populism
3 mins
Electric hype, hidden costs
INDIA MUST EMBRACE A BROADER, MORE INCLUSIVE VISION OF CLEAN MOBILITY
4 mins
Keep equities at 60%, fixed income at 40%
• Stick to SIPs, STPs to avoid market timing risks
2 mins
Accelerating adoption of zero-emission trucking
TRANSPORT SECTOR contributes 8.4% of total emissions in India, with freight transport, dominated by heavy-duty trucks, playing a major role. Trucks represent just 3% of vehicle fleet, yet emit 53% particulate matter. With truck sales projected to grow sixfold to 69 million by 2070-71, addressing freight-related emissions is critical.
2 mins
Claim HRA, home loan relief if working in different cities
I stay on rent and have purchased a flat in my home town. Can I claim both HRA and tax deduction on the interest paid for the home loan?
2 mins
Creta EV to run into strong rivals at launch
HYUNDAI HAS UNVEILED the Creta EV – its third electric car after the now-discontinued Kona EV and the Ioniq 5.
1 min
A new route from Delhi to Chandigarh
NEW EXPRESSWAYS
1 min
HUL nears deal to buy Minimalist
UNLIKE MOST OF its new-age competitors in the beauty and personal care category, Minimalist is profitable.
1 min
Rupee decline drives forward premium rates
AS A PART of its exchange rate management measure, RBI has been using other tools like such as active intervention in the NDF market and conducting mid-tenor buy/sell swaps, selling dollars for a future maturity, thus leaving rupee liquidity and forex reserves partly unaffected.
1 min
Poverty Below 5%: Report
A new report reveals that poverty in India has fallen below 5%, driven by improvements in rural infrastructure and income. The urban-rural income gap has also significantly narrowed.
2 mins
DPDP draft rules
ONE OF THE standout features of the draft rules is the emphasis on parental consent for processing the data of children under 18.
1 min
Reality check for indices
Domestic equity markets ended the week on a pessimistic note, influenced by a strong US dollar, high valuations, and investors shifting to multi-asset strategies. Slower economic growth, sluggish manufacturing, liquidity deficits, and a depreciating rupee also weighed on markets.
1 min
Farm protests: Punjab seeks Chouhan's help
The AAP-LED Punjab government has knocked on the Centre's doors, seeking Union agriculture minister Shivraj Singh Chouhan's help to end the impasse over the ongoing farmers' protest at the Punjab-Haryana border.
1 min
PM targets Kejriwal: I built homes, not Sheesh Mahal
OPENING THE BJP's campaign in Delhi for the Assembly elections likely next month, Prime Minister Narendra Modi Friday targeted Arvind Kejriwal, chief of the ruling AAP, saying he could have built a \"Sheesh Mahal\" for himself but chose to give people, especially the poor, a home of their own.
1 min
Unclaimed insurance amount over ₹20k cr: Irdai
THE LIFE INSURANCE sector has reported unclaimed amounts totalling ₹20,062 crore as of March 2024, according to the Insurance Regulatory and Development Authority of India (Irdai).
1 min
More flights to Thailand and Malaysia as visa-free entry spurs Indian traffic
In the autumn of 2023, Thailand and Malaysia extended visa-free entry to Indian nationals in the hope of attracting tourists from the country at a time when they were travelling overseas like never before.
1 min
India raises dam plan with China
● Urges China to ensure interests of downstream states
2 mins
Rohit No More Part Of Selectors' Red-Ball Plan Beyond Australia Tour
AT THE TOSS, with Jasprit Bumrah in the middle, and as the Indian XI lined up for the national anthem at the Sydney Cricket Ground (SCG), Rohit Sharma's absence was conspicuous.
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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