Financial Express Chandigarh - December 23, 2024Add to Favorites

Financial Express Chandigarh - December 23, 2024Add to Favorites

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In this issue

December 23, 2024

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

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

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

Centre may reduce reserve sale price for rice to make ethanol

● No takers for FCI stocks among grain based distilleries

2 mins

As key cases fall in courts, ED to staff: No PMLA on basis of conspiracy alone

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 said.

2 mins

Priority sector lending: CII proposes reforms

THE CONFEDERATION OF Indian Industry (CII) has proposed reforms in India's priority sector lending framework, factoring in the changes in the economy over the decades and has sought more development finance institutions (DFIs).

1 min

Rubber price jump: Tyre firms' margins may be hit

WITH A SHARP escalation in the cost of natural rubber and other raw materials in recent months and the outlook on demand muted, tyre manufacturers may see their margins taking a hit in FY25.

1 min

Secondary steelmaking firms set up national-level organisation

Secondary steel producers, contributing around 10% of domestic production, have formed a national-level apex industry body, the National Sustainable Steel Association (NSSA).

1 min

States' capex likely fell during April-November

STATES' CAPITAL EXPENDITURES likely fell by nearly 7% year-on-year in the April-November period of the current financial year while their borrowings dipped by 4%, reflecting the slack during general elections and capacity constraints thereafter.

1 min

Housing sales may rise 25% in Delhi-NCR in Oct-Dec: Report

Among nine major cities across India, Delhi-NCR is the only market where sales and new supply are estimated to rise

1 min

Solar91 Cleantech sets IPO price band at ₹185-195

EPC SOLUTIONS PROVIDER

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

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

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

Avaada looks to raise $1-bn debt to fund green projects

● Green ammonia, hydrogen projects coming up in Odisha

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

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

China's Nio unveils $108,000 EV

CHINESE ELECTRIC CAR maker Nio started sales of its most expensive car as it seeks to double deliveries in 2025 and eventually become profitable.

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

Suspect in German Christmas market attack detained

A GERMAN JUDGE ordered pretrial 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

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

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

Front-running case: Sebi bans nine entities

Impounds illegal gains of ₹21.16 crore

2 mins

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

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.

1 min

The demand for specialized skills in fintech, AI, project management to rise in 2025: Mayank Kumar of upGrad

In 2024, there was also rising demand for AI-skilled talent across non-tech sectors such as retail and manufacturing. Hiring sentiments for jobs that require one to at least interact with GenAI tools irrespective of the sector will continue to soar in 2025

1 min

Made to handle market turbulence

● These provide a balanced approach to wealth creation

1 min

Made to handle market turbulence

● These provide a balanced approach to wealth creation

2 mins

Get more interest money on EPF claim

● Claims will now be accepted throughout the month

3 mins

How skilling will change in five years

THE WORLD IS driven by change, especially in technological innovation and global commerce, hence in five years to come there will be need for a different mixture of skills for individuals whose ambition is to take up leadership positions.

2 mins

Paradigm shift in Indian competition law

With a new Act and regulations, regular updating of CCI's analytical tools in 2024 to suit the new-age economy has been the hallmark of competition law enforcement

3 mins

Winner, but for how long?

India Inc's fortunes will soon change, unless higher household income supports demand

2 mins

Ozempic maker Novo Nordisk's plunge echoes Nokia risk

THE METEORIC RISE of Denmark's Novo Nordisk A/S from century-old insulin producer to Europe's most valuable company has been a feel-good story of innovation in a region where those are rare.

2 mins

Budgeting for peasants, planet

UNLESS POLICIES TRY TO GET THE AGRI-MARKETS RIGHT, OUR FARMERS WILL KEEP AGITATING FOR HIGHER PRICES

4 mins

Sensible. Sustainable. Sensual

All the luxury you need, at half the price of a luxury car & two times fuel efficiency

2 mins

Language of market expansion

● A nascent market is growing on the back of local offerings

3 mins

Has the 'Indian' car brand come of age?

● Consumers are no longer hung up on global badges

2 mins

KEY FEATURES

This Sharp air purifier overall running hugely impressed us. Let me list out some of the things I liked about this machine. One, it is feature-rich with a whole lot of technology inside for giving us clean indoor air. Two, it has responsive controls and simple instructions make it easy to use. Three, it is relatively lightweight, making it portable. Four, it is quiet in use, even on its highest setting. Five, it cleanses air quickly and is an ideal investment for your health.

1 min

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'

applications like graphic design. AI-driven technologies are also gaining traction. Consumers increasingly seek AI features in devices, such as BenQ's upcoming home projectors with AI Cinema, which use advanced algorithms and a camera to optimise content dynamically based on room lighting conditions.

3 mins

Eliminates odour, cleans indoor air in a jiffy

● Ideal for bedrooms, offices, or small living areas

2 mins

Smartphone exports set to top ₹1.70 L cr

THE SMARTPHONE INDUSTRY added exports worth ₹2.87 lakh crore during this period.

1 min

Broker strength falls 40% on compliance burdens

The increasing number of APs has created a new problem for the industry as well as the markets regulator—there are more instances of APs engaging in unauthorised trades, promoting unregulated products and offering assured returns to lure clients.

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:

3 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

It's slow going at Indiamart

THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS

3 mins

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

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

Read all stories from Financial Express Chandigarh

Financial Express Chandigarh Newspaper Description:

PublisherThe Indian Express Ltd.

CategoryNewspaper

LanguageEnglish

FrequencyDaily

The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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