Financial Express Delhi - December 23, 2024
Financial Express Delhi - December 23, 2024
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In this issue
December 23, 2024
26 enter startup billionaire club
A BLOCKBUSTER YEAR for initial public offerings (IPO) has added 26 new members from the startup community to India's billionaire club.
1 min
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
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
Competition watchdog strikes a fine balance: Regulator & business facilitator
IT'S BEEN AN action-packed year for the competition watchdog, both in terms of the number of cases handled and the changes made in the current regulations aimed at strengthening the commission and creating a conducive environment for businesses.
2 mins
Centre may reduce reserve sale price for rice to make ethanol
No takers for FCI stocks among grain-based distilleries
2 mins
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
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
Secondary steelmaking firms set up national-level organisation
SECONDARY STEEL PRODUCERS, contributing around 50% of domestic production, have formed a national-level apex industry body, the National Sustainable Steel Association (NSSA).
1 min
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
States' capex likely fell during April-November
• Capital spends of 12 states reviewed down 7%; borrowings decline 4%
2 mins
Solar91 Cleantech sets IPO price band at ₹185-195
Solar91 Cleantech on Sunday said it has fixed a price band of ₹185-195 per equity share for the ₹106-crore initial share sale, which will hit markets on December 24.
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
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
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
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
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
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
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
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
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
Israeli strikes kill 17 Palestinians in Gaza
SCHOOL SHELTERING DISPLACED PEOPLE DESTROYED
1 min
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
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
Overlapping lending: Banks urge RBI to extend deadline
Loan book as of Sep 2024 (₹ cr)
2 mins
Front-running case: Sebi bans nine entities
● Impounds illegal gains of ₹21.16 crore
2 mins
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
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
Get more interest money on EPF claim
● Claims will now be accepted throughout the month
3 mins
Empowering educators by harnessing GenAI tools
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
Academicians and CHROs on the skills and roles you must focus on for career advancement and leadership positions
Academicians and CHROs on the skills and roles you must focus on for career advancement and leadership positions
2 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
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
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
GOVO GOBUDS SPORTComfortable fit for long sessions
These earbuds have low latency and a strong battery
1 min
Eliminates odour, cleans indoor air in a jiffy
● Ideal for bedrooms, offices, or small living areas
2 mins
Tech redefines how we shop in-store
● AI provides cues according to individual tastes
2 mins
'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.
1 min
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
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
Brokerage firms are facing increasing compliance burdens, leading to a 40% drop in strength.
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:
2 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
It's slow going at Indiamart
The B2B platform is working to stabilise operations
3 mins
Financial Express Delhi 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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