Financial Express Delhi - December 19, 2024
Financial Express Delhi - December 19, 2024
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In this issue
December 19, 2024
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 India have had a rising share of independent directors in recent years.
1 min
Trump tariff threats to open market access talks
Experts call for a targeted reduction of levy by India, with policies to boost manufacturing
3 mins
Higher EPFO pension: Firms can file wage info till Jan 31
THE EMPLOYEES' PROVIDENT Fund Organisation (EPFO) has extended the time for uploading requisite wage details of members by employers till January 31, 2025, to avail pension on higher wages, the labour ministry said in a statement.
1 min
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
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
Rental housing norms for factory workers this week
● Developers may get 40% viability gap funding
1 min
BSNL asked to bridge tech gap
A PARLIAMENTARY PANEL on Wednesday recommended that state-owned BSNL should explore partnerships with foreign technology firms to address issues in the deployment of indigenous technology. BSNL had told the committee that the major hurdle it is facing in the 4G expansion lies in the fact that the technology being deployed may still take time to be tested and proven.
1 min
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
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. The Gurugram-based company has started quick delivery in some areas in the NCR and is likely to expand it to other cities soon, according to a source.
1 min
Subsea cables: Big Tech may get govt support
● Focus now on establishing repair & maintenance infra
2 mins
New chapter: LEAD Group eyes premium schools
WESTBRIDGE CAPITAL-BACKED edtech unicorn LEAD Group has unveiled Pinnacle, a digital curriculum solution targeting high-fee schools, marking its shift from affordable institutions.
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
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
Chinese auto parts import sees flat growth in H1FY25
LOCALISATION EFFORTS
2 mins
Tourism & hospitality sector may add 6.1 mn jobs by 2037
India's tourism and hospitality sector is all set to create over 6.1 million additional jobs by 2036-37, as per a new report released by the Confederation of Indian Industry (CII) and EY.
1 min
Good Capital plans to focus on AI-driven investments in 2025
GOOD CAPITAL, an early-stage venture capital (VC) firm, plans to make 6-7 investments in 2025, focusing on startups that integrate artificial intelligence (AI) into existing business models, especially in tier 2 and 3 cities.
1 min
ITC consolidates shareholding in Oberoi, Leela hotel chains
After acquisition, ITC's shareholding in EIH and HLV aggregates to 16.13% and 8.11% of their paid-up share capital, respectively
1 min
Institutional investments in realty at record high: Report
Indian real estate rose 51% to a record $8.87 billion during 2024 as investors look to encash strong demand for housing, office and warehousing properties, according to JLL.
1 min
Sembcorp bags 150 MW solar project from SECI
SEMBCORP INDUSTRIES, THROUGH its wholly-owned renewables subsidiary Sembcorp Green Infra, has secured a 150 megawatt (MW) solar photovoltaic project coupled with a Battery Energy Storage System (BESS) of 300 MWh from Solar Energy Corporation of India.
1 min
Amazon sells Shoppers Stop stake for ₹276 cr
GLOBAL E-COMMERCE GIANT
1 min
GenAI leading to surge in cyber threats
THE RAPID RISE of generative AI (GenAI) has led to a sharp increase in cyber threats, said Palo Alto Networks.
1 min
Mobikwik debuts at 58% premium; ends opening day with 90% gains
● Vishal Mega Mart sees over 40% gains in opening trade
1 min
Bancassurance tie-up likely for RCap arm and IndusInd Bank
RELIANCE NIPPON LIFE Insurance, a subsidiary of debt-ridden Reliance Capital (RCap), is in talks with IndusInd Bank for a bancassurance partnership as the IIHL and RCap deal nears completion.
1 min
Indices extend losing streak for third consecutive session
BENCHMARK INDICES FELL up to 0.62%, continuing their losing streak for the third straight session, as investors remained cautious ahead of the US Federal Reserve meeting outcome.
1 min
Offshore instruments rule adds to compliance burden for FPIs: Experts
● Negligible trades with derivatives as underlying assets in last three years
1 min
Rupee moves closer to 85/$
Rupee vs dollar
2 mins
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
Americans view Musk, Trump as roughly the same, finds poll
A new poll from the AP-NORC Center for Public Affairs Research finds that roughly the same percentages of Americans have favorable views of Elon Musk and Donald Trump.
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
China's billionaires are making money for the first time since 2020
CHINA'S BILLIONAIRES ARE slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping's push for common prosperity at the expense of powerful private business owners.
2 mins
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
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.
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
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.
1 min
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 cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE), increasing the threshold for identifying HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introducing a sunset clause governing corporate governance of debt-listed securities.
1 min
Free healthcare for senior citizens: Kejriwal
AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power.
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.
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. Captain Rohit Sharma, walking just ahead of him, gestured to the waiting journalists. \"Sab pata chalega abhi (everything will be known now),\" he said with a laugh, perhaps in reference to the buzz in the press box and on social media about the possible retirement of a \"big player\".
3 mins
Financial Express Delhi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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