Financial Express Chennai - December 14, 2024
Financial Express Chennai - December 14, 2024
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In this issue
December 14, 2024
Award of highway projects may jump 50% this fiscal
GOVT TO SET A TARGET OF 12,900 KM, DESPITE SLOW PACE IN H1
2 mins
MoSPI prepares 5-year roadmap with focus on AI
THE MINISTRY OF statistics and programme implementation (MoSPI) has devised a five-year 'vision document', likely to be launched in April 2025, creating a roadmap for improvement of the statistical system in the country.
1 min
Committee recommends hike in assistance under PMAY-G
FLAGGING LOW WAGES under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a Parliamentary panel has asked the rural development department to increase wages in the scheme by linking it to a suitable index commensurate with inflation.
1 min
Capex pace to be kept in FY26 too: Minister
THE CENTRE WILL strive to achieve the capital expenditure target of ₹11.11 lakh crore in FY25, minister of state for finance Pankaj Chaudhary said on Friday.
1 min
'Samvidhan not Sangh ka vidhan, fear spreading, says Priyanka
OPENING FOR THE Opposition in the Lok Sabha discussion on the Constitution, Congress leader Priyanka Gandhi Vadra Friday sought to turn the tables on the government, saying it has forgotten that the \"Samvidhan\" (Constitution) is not \"Sangh ka vidhan\" (the law of the RSS).
2 mins
Cong has always chosen power over Constitution, says Rajnath
'No problem with caste census, let your blueprint specify quotas'
3 mins
Arrested, given bail on way to jail: High drama starring Allu Arjun
TELUGU FILMSTAR ALLU Arjun was arrested on Friday morning from his house in Hyderabad in connection with a stampede at the premiere of his film, Pushpa 2, earlier this month.
1 min
SC panel to persuade farmers to clear highways
A HIGH-POWERED committee set up by the Supreme Court to talk to farmer bodies, which are protesting on the Sambhu border, Friday said that it will try and persuade them to clear the highways and ensure smooth traffic even as the court expressed concern at the condition of a farmer leader who is on hunger strike.
1 min
PF withdrawals via ATMs likely from early 2025
● Approval process to be eased out, still be mandatory
2 mins
Zepto FY24 revenue more than doubles to ₹4,454 cr
Eyes profitability and listing by FY26
1 min
Tier 4 towns, Gen Z boost Meesho's orders
E-COMMERCE UNICORN MEESHO, which primarily serves shoppers beyond tier 1 cities and metros, has recorded a 35% year-on-year rise in the number of orders placed on its platform this year.
1 min
PV sales grow 4% in Nov, but two-wheelers see 1% decline
HIGH INVENTORIES
2 mins
SaaS startups shift focus to tier 2, 3 cities
SAAS (SOFTWARE AS a Service) startups, once primarily targeting global markets, are increasingly turning their attention to India's tier 2 and 3 cities to fuel growth.
1 min
ONGC likely to list green energy arm in 2025-26
STATE-RUN ONGC is likely to come out with an initial public offering (IPO) for its green energy subsidiary, ONGC Green in the next financial year 2025-26, according to the company's Director (Exploration), Sushma Rawat.
1 min
Carlyle mulls $1-bn IPO of Quest Global
THE CARLYLE GROUP is considering an initial public offering of engineering services firm Quest Global Services in India, people familiar with the matter said, amid increasing investor interest in the nation's stock market.
1 min
V-shaped recovery seen for indices
STRONG BUYING IN index heavyweights like telecom, IT, FMCG, and banking sectors fuelled Friday's rally.
1 min
Nuvama Wealth picks up Oyo shares worth ₹100 cr
NUVAMA WEALTH AND Investment has acquired shares worth ₹100 crore in Oravel Stays, the parent company of Oyo, through a secondary transaction at ₹53 per share that valued the travel-tech unicorn at $4.6 billion, according to sources.
1 min
Apple to assemble AirPods in Telangana by early 2025
FOCUS ON PRODUCTION
1 min
SpiceJet clears staff's pending PF dues
DOMESTIC CARRIER SpiceJet on Friday said it has cleared all the pending employee provident fund (PF) dues of its employees, amounting to ₹160.07 crore.
1 min
Shorter furloughs, weak Rupee may aid IT firms' Q3 margins
Shorter furloughs than last year, when they were extended due to soft demand scenario, coupled with depreciating rupee, are expected to protect the margins of IT firms during the October-December period, which is otherwise seen as a weaker quarter.
1 min
Tax blow to Swiss arms of India Inc
AT PRESENT, THE MFN clause in the DTAA enables Indian subsidiaries in Switzerland to pay a lower rate of withholding tax to Swiss authorities on certain types of incomes, namely dividends, interest, royalties, or fees for technical services.
1 min
Wardwizard launches e-two, three wheelers
VADODARA-BASED WARDWIZARD Innovations & Mobility on Friday announced the launch of four electric three-wheelers and an electric scooter to expand its offering in the two keenly-contested segments.
1 min
Deposits top credit growth
UNSECURED LOANS MODERATE AFTER RBI DIRECTION
1 min
Forex reserves decline to over five-month low
INDIA'S FOREIGN EXCHANGE reserves fell by $3.2 billion to a more than five-month low of $654.86 billion as of December 6, data from the Reserve Bank of India (RBI) showed on Friday.
1 min
Sebi lists exclusions from pro rata distribution for AIFs
SEBI ON FRIDAY clarified the non-applicability of its pro rata distribution mandate for alternative investment funds (AIFs).
1 min
FPIs turn sellers of G-Secs as rate differential narrows
FOREIGN PORTFOLIO INVESTORS (FPI) have turned net sellers in the Indian G-Sec market this week, after being net buyers in the first week of December.
2 mins
Musk ups SEC feud over Twitter claims, Neuralink probe
ELON MUSK RENEWED his long-standing feud with the Securities and Exchange Commission (SEC) on Thursday by posting a letter that said the agency is investigating his brain-computer interface firm, Neuralink.
1 min
Trump transition recommends scrapping car-crash reporting
THE TRUMP TRANSITION team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk's Tesla, according to a document seen by Reuters, a move that could cripple the government's ability to investigate and regulate the safety of vehicles with automated-driving systems.
1 min
Comcast, Warner Bros Discovery to lead 2025 deal-making
Orchestrating Corporate Manoeuvres
2 mins
Israelis find ways to watch 'The Bibi Files'
Veteran documentary filmmaker Alex Gibney, who in a decades-long career has tackled many a thorny issue, wasn't planning a film about Israel until one day last year when a stunning leak fell into his hands. The leak turned out to be more like a deluge.
1 min
UK economy shrinks for second month
BRITAIN'S ECONOMY SHRANK for a second month in a row in October in the run-up to the government's first budget, the first back-to-back falls in output since the onset of the COVID-19 pandemic, and a setback for new finance minister Rachel Reeves.
1 min
No permanent crutch
Fewer EV buyers availing subsidies is the sign of a maturing market
2 mins
A new wave in solar technology
Technological advancements have made solar energy more affordable, while new applications are further driving adoption
3 mins
A Royal Enfield store without motorcycles!
Royal Enfield says it is not just a motorcycle company, but has evolved into a 'motorcycling brand'
2 mins
With rider, diabetics get cover from Day 1
Immediate coverage helps those buying their first health plan INDIVIDUALS SUFFERING FROM diabetes can now get health insurance coverage from the first day after paying a rider premium.
1 min
Not your fault if employer did not deposit TDS
● My previous employer had deducted the TDS before giving the salary every month, but did not deposit it to the government. Will the tax department recover the amount from me?
1 min
Sebi needs to ensure people don't approach tribunal: ED
SEBI SHOULD WRITE regulations in such a way that people do not disagree and end up challenging decisions in the Securities Appellate Tribunal, a senior official said on Friday.
1 min
Brent prices climb 1% to 3-week high
OIL PRICES EDGED up about 1% to a three-week high on Friday on expectations additional sanctions on Russia and Iran could tighten supplies, while lower interest rates in Europe and the US could boost demand for the fuel.
1 min
Algo trading for retail soon
ADDITIONALLY, SEBI has suggested that exchanges must tag all algo orders with a unique identifier issued to ensure an audit trail.
1 min
Swiggy does a Zomato with Scenes
THIS LAUNCH CLOSELY follows Zomato's introduction of its ticketing platform District last month.
1 min
India's ₹50,000-cr submarine plan stalls after sea tests
INDIA'S $6 BILLION (₹50,000-CRORE) plan to build submarines has stalled because of contractor complaints over whether proper procedures were followed during tests at sea, delaying the navy's efforts to bolster its capabilities as China expands its presence in the Indian Ocean.
2 mins
Will India's chess triumphs help attract marketing dollars?
India's recent chess successes, particularly D Gukesh's World Championship win, have sparked debate on whether this can translate into increased marketing investment for the sport.
2 mins
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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