Financial Express Chandigarh - December 16, 2024
Financial Express Chandigarh - December 16, 2024
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In this issue
December 16, 2024
VCs double returns from public market exits to $4 billion
AFTER NEARLY TWO years of limited exit opportunities during the funding winter, venture capital (VC) firms reaped a record $4.06 billion from public market share sales this year till November.
1 min
Hinduja: IIHL to wrap up RCap deal by January
INDUSIND INTERNATIONAL HOLDINGS Limited (IIHL) aims to complete the acquisition of Reliance Capital (RCap) by January 2025.
1 min
Full Budget funding for NHAI may continue for a decade
TOLL REVENUES TO SUFFICE FOR CAPEX NEEDS IN A FEW YEARS
2 mins
India gained from the last Trump tariff war: Study
TO REAP BENEFITS
1 min
Capacity utilisation by steel companies falls to a four-year low
● Demand for higher import tariffs shows cost disadvantage
4 mins
Crude import bill up 5% in Apr-Nov
INDIA'S CRUDE IMPORT bill increased 4.9% during the first eight months of the current fiscal 2024-25 to $91.7 billion against $87.4 billion in the same period in FY24, data from the Petroleum Planning and Analysis Cell showed.
1 min
Group insolvency rules likely part of Bill to amend IBC
● Need to address stressed asset interlinkages: Experts
2 mins
S Korea's acting prez calms markets, reassures allies
SOUTH KOREA'S ACTING president, Han Duck-soo, moved on Sunday to reassure the country's allies and calm financial markets a day after President Yoon Suk Yeol was impeached and suspended from his duties over a martial law attempt.
1 min
Cyclone Chido slams Mayotte, at least 11 dead
AT LEAST 11 people have died after Cyclone Chido caused devastating damage in the French territory of Mayotte in the Indian Ocean, France's interior ministry said Sunday.
1 min
Open global trade only way to feed world: WTO
GLOBAL POVERTY WILL increase if the world doesn't work to maintain a stable and open trading system, World Trade Organisation (WTO) director general Ngozi Okonjo-Iweala said.
1 min
ABC to pay $15 mn to settle defamation suit by Trump
ABC NEWS IS set to pay $15 million to settle a defamation lawsuit brought by Donald Trump.
1 min
Myntra's in vogue with M-Now
QUICK COMMERCE WILL HELP THE PLATFORM ADD CONSUMERS
4 mins
Traveltech startups taking to acquisitions to drive growth
POST-PANDEMIC TRAVEL BOOM
1 min
Confident of meeting sales guidance for FY25'
Bengaluru-based Prestige Estates Projects plans to launch multiple projects in Bengaluru, Hyderabad, Mumbai, among others, comprising a total area of 53 million sqft with total sales value of ₹52,114 crore by March 2025. In an interview, its chairman and managing director Irfan Razack tells Raghavendra Kamath about the company's plans and strategy.
1 min
Jet's liquidation may take off with auctioned planes
AFTER A DELAY of more than two years, three Boeing 777s, formerly owned by Jet Airways and lying at the Mumbai airport, may finally be transferred to Malta-based Challenge Group.
2 mins
Airlines' need to diversify their revenues hit by slim margins: IATA's Thomsen
AIRLINES ARE PRICE takers as they do not have an influence on the prices they pay, IATA chief economist Marie Owens Thomsen has said, adding that the need to diversify revenues is complicated by slim profit margins and weak balance sheets.
1 min
Dixon, Vivo India tie up to make smartphones
The proposed JV will undertake part of Vivo's OEM orders of smartphones in India
1 min
Dark store tech startups see a glimmer of profit
WAREIQ supports more than 400 brands, including Technosport and Lotus Herbals, with same-day and next-day delivery via shared warehouses.
1 min
Pharma, FMCG, oil and gas lead hiring for AI/ML roles
JOIN AUTOMOBILE, BFSI SECTORS IN THE RACE TO ACQUIRE TALENT
2 mins
IIHL to wrap up RCap deal by Jan 2025, say Hindujas
An additional amount by way of debt of ₹3,000 crore has already been raised and kept in a separate account, pending closure of certain activities.
1 min
Nissan's India turnaround plans intact
JAPANESE AUTO MAJOR Nissan's plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official.
1 min
RBI intervention ensures rupee stability
ALL G10 CURRENCIES BARRING GBP, DEPRECIATED BY OVER 4% DURING CY 24
2 mins
Nifty breaks out, set to soar higher
FRIDAY THE 13TH turned out to be an eventful day for the Nifty. It initially plunged 368 points during late morning trade but rebounded strongly to close with a gain of 220 points, or 0.89%.
2 mins
Sebi eases listing & disclosure rules for public companies
THE SECURITIES AND Exchange Board of India (Sebi) has notified a slew of amendments aimed at easing the listing obligations and disclosure requirements for public companies, effective from December 12.
1 min
India Inc raises record ₹1.21 L-Cr via QIPs till Nov
FUNDRAISING THROUGH QUALIFIED institutional placements (QIPs) reached an all-time high in 2024, surpassing the ₹1 lakh crore-mark for the first time ever in a calendar year, fuelled by strong stock market conditions and higher valuations.
1 min
How will we assess the PARAKH
● Only if it can integrate assessment standards of India's 69 school boards
2 mins
NPS: Annuity plan without return of purchase price maximises payout
● Go for joint life plan if you have dependent spouse
2 mins
B-school admission depends on IQ, soft skills
Even as the Indian School of Business (ISB) has started taking freshers - it previously used to have programmes only for working professionals - the role of admissions consulting organisations such as ISB Mantra won't change.
2 mins
Claim denied? You may be at fault too
Withholding crucial details can lead to rejections
2 mins
Defining UPSI
MATERIAL OR PRICE-SENSITIVE? SEBI'S PROPOSED CHANGES TO DEFINITIONS OF PRICE-SENSITIVE INFORMATION HAS MERITS AND DEMERITS
4 mins
Saudi-backed LIV Golf forcing PGA to pay players fairly
For nearly four years, the world's two most prominent professional golf tours battled over players, the moral high ground and outright survival. Now, the feud appears to be ending.
3 mins
Rationalised GST rates key for jobs and growth
While reforming GST, the Centre should remember that rate changes must boost public revenue while enabling businesses to invest and create jobs
3 mins
Slow-moving zero
Sebi needs to hasten slowly on T+0 as stakeholders are yet to be convinced
2 mins
Uniqlo takes a contra bet in fashion
● Japanese retailer stays clear of path taken by Zara, H&M
3 mins
The race isn't over yet
● Can the new Dzire and Amaze rev up a slowing market?
2 mins
A car fest along the lines of IBW
Will be held on Feb 22-23 in Aamby Valley, Lonavala
1 min
● Exploring wavy roads of north Goa in the new Amaze with the president & CEO of Honda Cars India
THE HONDA STORY has been as much of successes as of missed opportunities.
1 min
'We use technology as a force for good'
As IBM's first chief impact officer, Justina Nixon-Saintil drives the company's strategic alignment with business goals and ESG considerations.
3 mins
Wireless audio for your music, movies and games
● These earbuds offer a snug fit and strong battery
2 mins
Bridging language divide in Gen AI
● LLMs enable multi-language communication
2 mins
Pricey, but a good choice for content creators
● It takes photos and videos that rival digital cameras
2 mins
Delhi Assembly polls: Kejriwal to contest from New Delhi
AAP releases 4th list of candidates for elections
2 mins
39 ministers join Fadnavis government
MID-TERM REVIEW TO DECIDE TENURE
1 min
Do not criticise EVMs when results not in favour: Omar
OPENING ANOTHER POINT of friction with an important ally, Jammu and Kashmir Chief Minister Omar Abdullah has dismissed the Congress party's vehement objection to Electronic Voting Machines, and echoed the BJP's defence - you can't accept election results when you win, and blame EVMs when you lose.
1 min
Delhi govt plans to set up AI labs in schools
THE DELHI GOVERNMENT has announced plans to set up Artificial Intelligence (AI) Labs in select schools under its jurisdiction to foster advanced technological learning and innovation among students.
1 min
Tabla maestro Zakir Hussain critical after heart ailment
TABLA MAESTRO ZAKIR Hussain has been admitted to the ICU of a San Francisco hospital with heart-related problems, his friend and flautist Rakesh Chaurasia said on Sunday.
1 min
Decoding the rise of Tollywood in North India
SOUTH RULES THE ROOST
3 mins
Can't tax upper middle class more, says Piketty
DESCRIBING INDIA'S DECISION to impose a wealth tax way back in 1957 as trying \"to do too much too fast\", French economist Thomas Piketty, regarded most for his passionate advocacy of taxing the wealth of billionaires to reduce inequalities, says there's no way the government can increase tax on the upper middle class and middle Indian entrepreneurs unless it demonstrates people at the top pay a higher tax rate.
2 mins
Financial Express Chandigarh 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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