Financial Express Bengaluru - December 19, 2024
Financial Express Bengaluru - December 19, 2024
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In this issue
December 19, 2024
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
H-1B overhaul a boon for Indian techies
THE US GOVERNMENT on Tuesday announced major reforms in its popular H-1B visa programme,
1 min
2W sales skid sharp 19% in Dec
FIRST FALL IN TWO YEARS
2 mins
Sebi tightens SME listing regulations
• Performance validation agency PaRRVA set up
2 mins
Will GST Council play Santa? All eyes on Saturday's meet
Finance ministers of states will also make pre-Budget proposals
2 mins
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
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
Number of independent directors on corporate boards on the rise
BOARDS OF CORPORATE
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
Trump tariff threats to open market access talks
AS US PRESIDENT-ELECT Donald Trump on Wednesday asserted that the world's largest economy would charge taxes (import tariffs) on India on a strictly reciprocal basis, experts here said the move would force open negotiations for greater market access between the two countries.
3 mins
Rental housing norms for factory workers this week
● Developers may get 40% viability gap funding
1 min
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
'Unusual' surge in November gold imports under govt lens
'SHINING' NUMBERS MAY BE REVISED
2 mins
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
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
New chapter: LEAD Group eyes premium schools
PINNACLE PLAN
1 min
Subsea cables: Big Tech may get govt support
Focus now on establishing repair & maintenance infra
2 mins
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
Amazon sells Shoppers Stop stake for ₹276 cr
GLOBAL E-COMMERCE GI-ANT
1 min
Chinese auto parts imports flat in H1
IMPORTS OF CHINESE auto components, which used to be quite high till a few years ago, are now seeing their growth rate plateauing.
1 min
Rupee moves closer to 85/$
ON A SLIPPERY TRACK
2 mins
Mobikwik debuts at 58% premium; ends opening day with 90% gains
SHARES OF FINTECH firm One Mobikwik Systems had a dream stock market debut on Wednesday, ending with a premium of 90%, against the issue price of ₹279.
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
Offshore instruments rule adds to compliance burden for FPIs: Experts
Negligible trades with derivatives as underlying assets in last three years
1 min
Guardian's Observer, oldest Sunday paper, sold to Tortoise Media
THE OWNER OF Britain's Guardian newspaper confirmed on Wednesday that it has sold The Observer, the world's oldest Sunday newspaper, to Tortoise Media for an undisclosed fee.
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
Honda, Nissan explore merger amid Tesla, China challenges
JAPANESE AUTO GIANTS Honda Motor and Nissan Motor are set to begin merger talks as early as Monday next week, the Nikkei reported on Wednesday. The two companies are looking to deepen ties, including the possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.
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
Board observers in the spotlight
AT PRESENT, RBI DOES NOT SEE ANY MIDDLE GROUND FOR NBFC INVESTORS ACTING AS OBSERVERS
4 mins
Walmart has a tough battle ahead in India
E-COMMERCE IN INDIA is a political and regulatory minefield.
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
3 mins
Drones deliver new hope to farmers
Aerial tech enhances farming efficiency, can tackle workforce woes
2 mins
AI-POWERED GROWTH Moving beyond conventional tech
AI offers a wide range of benefits for SMEs
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. The new services are integrated with Oracle's product development teams to help firms maximize the value of their cloud investment. Gary Miller, customer success officer and EVP of Oracle Customer Success Services, speaks to Sudhir Chowdhary on how the initiative helps customers fortify cloud success. Excerpts:
2 mins
Opposition seeks Shah's resignation
PM defends HM; slams Cong & its 'rotten ecosystem'
2 mins
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
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
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
'Had fun but it's time': Ashwin bows out of internationals with shock retirement call
RASHWIN STOOD in the corridor outside the press conference room after the third Test ended in a draw.
3 mins
US announces H-1B visa overhaul, Indian techies to benefit
HOW THE MOVE WILL BENEFIT INDIA
2 mins
Financial Express Bengaluru Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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