Financial Express Chandigarh - December 17, 2024
Financial Express Chandigarh - December 17, 2024
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December 17, 2024
Petroleum product exports up 3% in Apr-Nov
SMOOTH FLOW
2 mins
Strong local demand drives flash PMI to 4-month high
ECONOMIC ACTIVITY EXPANDED at a robust pace in December, mainly due to an uptick in domestic demand conditions.
1 min
Govt to allow self-approval for PF withdrawals from next fiscal
● EPFO to avail cash credit to address any liquidity crunch
2 mins
Drug recalls from US raise export concerns
THE RECENT DRUG recalls by US arms of Indian drugmakers have turned the spotlight back on quality issues faced by the domestic pharma companies in the lucrative export market.
1 min
WPI inflation eases to 1.89% in Nov as food prices soften
INFLATION BASED ON the wholesale price index (WPI) eased to a three-month low of 1.89% in November from 2.36% in October, thanks to a sharp fall in the prices of key food items such as vegetables and pulses, official data released on Monday showed.
1 min
Construction of FCI godown 'nil' in FY25, House panel flays govt
A Parliamentary Panel on Monday pulled up the government for not meeting the godown construction target of the Food Corporation of India (FCI) in the four years till September 2024 and asked the nodal ministry to constitute a high-level committee to expedite the work in the North-East and hilly states.
1 min
Swiss tax action won't impact trade commitments: Official
THE DECISION OF Switzerland to suspend the most favoured nation clause in its Double Taxation Avoidance Agreement with India will not have any impact on the investment commitments under the Trade and Economic Partnership Agreement that the European Free Trade Association (EFTA) has signed, commerce secretary Sunil Barthwal said on Monday.
1 min
EV penetration slow as costs, lack of charging infra weigh
THE PENETRATION OF electric vehicles (EVs) in India is running significantly behind schedule, with most segments failing to reach even the 5% market share level.
1 min
Tata Starbucks faces pressure, to go slow on store openings
● Finding quality real estate a challenge, says Tata Consumer CEO
2 mins
Lack of skills, data complexity hindering AI adoption in India
Indian enterprises increasingly adopt artificial intelligence (AI), significant barriers such as a lack of expertise, insufficient tools, and data complexity remain.
3 mins
IT hiring may stay low till H2FY26
HIRING IN THE Indian IT services industry is expected to remain low-key in the near term until the growth momentum picks up by H2FY26, according to Icra.
1 min
India leading in AI adoption: Report
INDIAN ENTERPRISES ARE leading in the adoption and experimentation with artificial intelligence as compared to the global average, according to a report by data integration, analytics, and artificial intelligence (AI) service provider Qlik.
1 min
79% firms may raise AI spending in 2025
AS MANY AS 79% of surveyed organisations are planning to increase their AI budgets in 2025, an increase of 41% from 2024, driven by confidence in its return on investment the technology is poised to bring, said cloud-based software-as-a-service company Freshworks’ AI Workplace Report.
1 min
2024 to end with record office space leasing: Report
INDIA'S OFFICE LEASING market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83-85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday.
1 min
Blackstone emerges top bidder for Haldiram deal
A CONSORTIUM LED by Blackstone has emerged as the preferred bidder for a minority stake in Haldiram Snacks, sources following months of negotiations on a potential deal.
1 min
Trade deficit widens to record high
THE UNIT PRICE of petroleum products exported from India fell to $627.16 per tonne in April-October this year from $800 per tonne in April-October 2023.
2 mins
Adani, Ambani drop out of elite $100-billion club
HE'S BEEN FIGHTING to shore up investor confidence after short seller Hindenburg Research last year published a report accusing the firm of fraudulent practices.
2 mins
Despite CRR cut, call rates jump above MSF
TOUGH ROAD AHEAD
2 mins
PSBs split over perquisite tax liability for employees
● SBI, BOB cover tax; PNB, Union Bank offer loans to staff
2 mins
HDFC Bank gets warning from Sebi, second in a week
HDFC BANK ON Monday said it has received a second administrative warning from the Securities and Exchange Board of India (Sebi) within nearly a week, due to a three-day delay in disclosing the resignation of its mortgage business head Arvind Kapil in March this year.
1 min
High reinsurance costs a bigger worry for life insurers
Aditya Birla Sun Life Insurance (ABSLI), which ended FY24 with around ₹17,500 crore in gross written premiums (GWP), aims to double its business in the next three years.
1 min
RBI governor urges colleagues to strive for perfection
RBI GOVERNOR SANJAY Malhotra on Monday urged staff to aim for perfection in their duties, emphasising continuous improvement as the institution enters a new era.
1 min
The Swiss confusion
Constantly varying interpretations of treaty provisions can potentially dent India's image
2 mins
Upgrade cross-border payments
With India being the world's largest recipient of remittances since 2022, the urgency to modernise its payment systems has never been greater
3 mins
Urban growth takes a toll
TOLLING IN WHAT HAVE BECOME ARTERIAL ROADS IN CITIES GETS A PUSHBACK FROM CITIZENS
3 mins
Apollo Tyres: Cost pressure to persist in Q3
Aims to expand network with focus on micro-regions
2 mins
Long-term outlook positive for cement sector
Challenges remain in the near term
1 min
Israeli strikes missile warehouses in Syria
A UK-BASED war monitor says Israeli airstrikes early Monday hit missile warehouses in Syria and called it the \"most violent strikes\" since 2012.
1 min
Senate probe finds Amazon manipulates workplace injury data
FOR YEARS, WORKER advocates and some government officials have argued that Amazon's strict production quotas lead to high rates of injury for its warehouse employees.
1 min
Chancellor Scholz loses vote of confidence in Germany
THE GERMAN PARLIAMENT accepted Chancellor Olaf Scholz's invitation to withdraw its confidence in him and his government on Monday, clearing the way for the February 23 early election necessitated by the collapse of his government.
1 min
Popeye, Tintin to enter public domain in '25
POPEYE CAN PUNCH without permission and Tintin can roam freely starting in 2025.
1 min
EU plans $11-bn satellite network to rival Starlink
THE EUROPEAN UNION (EU) is committing to build a €10.6 billion ($11.13 billion) constellation of satellites that will provide the bloc with encrypted global internet connectivity in a bid to provide a homegrown alternative to Elon Musk's Starlink.
1 min
SoftBank CEO to unveil $100-bn investment in US
SOFTBANK GROUP CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a Monday visit to US President-elect Donald Trump's residence, Mar-a-Lago, CNBC reported.
1 min
Zerodha hits $1-billion revenue mark in FY24
STOCK BROKING PLATFORM
1 min
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