Financial Express Lucknow - December 28, 2024
Financial Express Lucknow - December 28, 2024
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In this issue
December 28, 2024
CAD shrinks to 1.2% in Q2 on high service exports
• Deficit may widen to 2.5-2.7% in Q3, say experts
2 mins
At $644 bn, forex reserves drop to over 7-month low
THE COUNTRY'S FOREX reserves fell for a third consecutive week and stood at a more-than-seven-month low of $644.391 billion for the week ended December 20, the RBI said on Friday.
1 min
Govt to purchase soyabean at MSP
MANDI PRICES FOR soyabean, a key kharif oilseed crop, remain below the minimum support price (MSP) due to a robust harvest, even as government agencies have procured about one million tonnes of the oilseed under the price support scheme (PSS) in six key growing states since October.
1 min
Trump Tariffs to Define Global Trade in 2025
The liberal use of tariff threats by US President-elect Donald Trump before his inauguration next month raises questions over the forecasts of how world trade would shape up in the coming year, but Indian exporters are mostly positive about the prospects and their biggest worry stems from demand slowdown in bigger markets.
4 mins
Govt Extends Mandate For Imported Coal Plants To Run At Full Capacity
INDIA ON FRIDAY extended its mandate for imported coal-based power plants to operate at full capacity until February 28, a government circular showed.
1 min
Jaishankar, Blinken review US-India relationship
External Affairs Minister S Jaishankar met US Secretary of State Antony Blinken and reviewed the advancement of the US-India partnership over the last four years.
1 min
ED officer on the run with cash-laden car: CBI on hunt
An Enforcement Directorate (ED) officer posted in Shimla is on the run as the CBI conducted searches at locations linked to him and recovered a large amount of money, including ₹54 lakh that he had allegedly accepted as a bribe, CBI officials said.
1 min
PM CARES Fund receives ₹912 cr as donation in FY23
THE PRIME MINISTER'S Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) received ₹912 crore in contributions during FY23 as donations continued to pour in even after the Covid pandemic.
2 mins
26/11 plotter Makki dies in Lahore
ABDUL RAHMAN MAKKI, brother-in-law of 26/11 Mumbai attack mastermind Hafiz Saeed and deputy chief of Lashkar-e-Taiba front Jamaat-ud-Dawa (JuD), died of a heart attack in Lahore on Friday.
1 min
A Reformer Who Punched Above His Political Weight
● His vision of economic trajectory has been clear, and his actions purposeful and unrelenting
2 mins
A Creditable 1st Innings as PM, a Tougher 2nd Term
UPA-II WITNESSED MULTIPLE ALLEGATIONS OF CORRUPTION TOWARDS END OF TENURE
2 mins
Manmohan Singh as an economic reformer
AS FINANCE MINISTER first and later as the Prime Minister, Dr Manmohan Singh has done immense service to the country.
2 mins
Osamu Suzuki, who led Japanese automaker into India, dies
OSAMU SUZUKI, an ingenious pennypincher who led Japan's Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94.
2 mins
Aiming to make Air India profitable: Campbell Wilson
AFTER UNDERGOING A series of changes over the past three years following its takeover by the Tata Group, Air India is targeting to become operationally profitable in the coming period, a top company official said on Friday.
1 min
Wistron to invest $20 million in new factory line in Karnataka
APPLE IPHONE SUPPLIER Wistron has approved an initial investment of $20 million in one of its subsidiaries to construct a new factory line in Karnataka,
1 min
Will 2025 Ring in Significant Turnaround for Voda Idea?
Challenges persist, but it's in a better position to compete
2 mins
VinFast to make India debut next month
VIETNAMESE ELECTRONIC VEHICLE manufacturer VinFast will unveil its range of models for the Indian market for the first time next month at the Bharat Mobility Expo 2025.
1 min
JSW Energy to acquire O2 Power for ₹12,468 cr
JSW NEO ENERGY, a wholly owned subsidiary of JSW Energy, on Friday signed a definitive agreement to acquire 4.7 gigawatt (GW) from O2 Power for a total enterprise value of ₹12,468 crore.
2 mins
Households spend marginally more on food items in 2023-24
CONSEQUENTLY, THE SHARE of non-food items in rural areas’ MPCE has declined to 52.96% in 2023-24 from 53.62% in 2022-23; and in urban areas to 60.32% from 60.83%.
3 mins
Hero Moto, Harley-Davidson to develop a new motorcycle
HERO MOTOCORP AND Harley-Davidson will extend their collaboration to include the development and manufacture of a new motorcycle which will be the second product of the joint venture.
1 min
Ola Electric CTO, CMO quit
OLA ELECTRIC'S CHIEF technology officer (CTO), Suvonil Chatterjee, and chief marketing officer (CMO), Anshul Khandelwal, have resigned, delivering another blow to the company that is grappling with declining sales and eroding market share.
1 min
Pioneer of reform
As finance minister, Singh's reforms laid the foundation for a market-driven economy
2 mins
The quiet catalyst
Dr Singh demonstrated that effective leadership stems from competence, integrity, and a genuine concern for the welfare of all
3 mins
A truly great son of India
DR SINGH'S APPROACH WAS SUPREMELY EFFECTIVE IN CREATING SPACE FOR EXCHANGE OF VIEWS
4 mins
Bollywood's dark past is threatening to return
DISASTER. FLOP. AVERAGE. If you had to bet on a Bollywood movie's fate in 2024, those would have been your three best options in a year set to end with a 30-40% drop in box-office collections. The world's most prolific film industry is desperately hoping for a better 2025. And so are the city's cops: When the theatres go empty, the body count starts to rise on the streets of Mumbai. That's what the 1990s were like — and everyone's dreading a repeat of lawlessness in India's financial capital.
2 mins
Take super top-up, not a top-up plan
You can save on premiums too with a super top-up plan
1 min
Is this the end of legacy automakers?
● Strategic response to manage changing industry structure
2 mins
You can get home loan to buy flat from a family member
from large banks like SBI, HDFC, and ICICI Bank. You will need to submit identity papers including passport, work visa details, income details, overseas address proof, salary bank account statement, income tax files history of last three years in India and Canada. The home loan sanction may also be done without visiting India.
1 min
Another Stellar Year Likely for IPOs
Strong valuations, investor demand to push primary market
2 mins
Govt to borrow ₹4L cr from market via T-bills
The government is set to borrow ₹3.94 lakh crore from the market via treasury bills (T-bills), the Reserve Bank of India (RBI) said in a press release.
1 min
Bond yields inch higher
INDICES ROSE ON Friday to log gains in a holiday-thinned week, led by auto stocks after last week's sharp drop made valuations relatively more attractive. The Nifty rose 0.27% to end at 23,813.4, while the Sensex added 0.29% to 78,699.07.
1 min
Prepaid users can now make UPI payment via third-party apps
TO IMPROVE INTEROPERABILITY AND ENHANCE USER EXPERIENCE
1 min
RBI Infuses Over ₹2L-Cr Liquidity Via Two VRR Auctions
Tackling Higher Deficit
1 min
S Korea Impeaches Acting President
SOUTH KOREA'S PARLIAMENT impeached acting President Han Duck-soo on Friday, less than two weeks after suspending President Yoon Suk Yeol's powers over his short-lived declaration of martial law, plunging the country deeper into political chaos.
1 min
Russia warns Trump against resumption of nuclear testing
RUSSIA'S POINT MAN for arms control cautioned Donald Trump's incoming administration on Friday against resuming nuclear testing, saying Moscow would keep its own options open amid what he said was Washington's \"extremely hostile\" stance.
1 min
Slovakia Could Host Peace Talks With Ukraine: Putin
RUSSIAN PRESIDENT VLADIMIR Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.
1 min
US airline stocks beat market
A RECORD YEAR FOR travel in the US is pushing airline stocks to a soaring annual outperformance, and the prospect of sustained earnings power points to a bullish outlook for 2025.
1 min
Japan's Cabinet gives nod to record budget
PLAN MARKS 2.6% HIKE FROM THE CURRENT YEAR
1 min
Probe against Netanyahu's wife
ISRAEL'S ATTORNEY GENERAL Gali Baharav-Miara instructed the police to investigate following allegations made by a television program against Prime Minister Benjamin Netanyahu's wife, according to a statement from the Justice Ministry.
1 min
Squid Game stocks tank
A LESS-THAN-PERFECT
1 min
Richard Parsons, who rescued Time Warner, Citigroup, dies
RICHARD PARSONS, THE executive dubbed \"Captain Emergency\" for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup and Dime Savings Bank of New York, has died. He was 76.
2 mins
Nissan Shares Decline Most Since August
NISSAN MOTOR'S SHARES declined the most since August's market rout, amid volatility as investor focus shifts to the terms of the carmaker's planned deal with Honda Motors.
1 min
IIFL Home Finance expects 15% AUM growth in FY25
● Looking at stock market listing, but no timeline yet
2 mins
Oil rises 1%, heads for weekly gain
Oil rose about 1% on Friday and was set for a weekly gain in low trading volume ahead of year-end, backed by expectations of lower US crude stockpiles and hopes of a stimulus-driven economic recovery in China.
1 min
Jewellery units lose sheen on weak Rupee
THE DEMAND IN east Asia, however, has been tepid.
1 min
Byju Raveendran: From boom to bust
BY EARLY 2024, these issues culminated in severe consequences. US-based lenders initiated bankruptcy proceedings against Byju's to recover outstanding loans, and back home, the ministry of corporate affairs launched investigations into its financial practices.
1 min
UltraTech to buy stake in Star Cement
Both the players are snapping up small cement players to consolidate their positions and achieve their targeted growth ahead of time.
1 min
Smart Cities Mission: School enrolment up 22%
STEPS TAKEN UNDER the Smart Cities Mission have led to a 22% increase in school enrolment in 19 cities and improved real-time tracking of criminal activities, according to two studies by the Indian Institute of Management, Bangalore.
1 min
South steals the spotlight
Hits from Hindi film industry in post-Covid era have been fewer and far between
3 mins
Does India want BGT win or Rohit back in form?
In case openers KL Rahul or Yashasvi Jaiswal had been struggling, Rohit's elevation would have made sense. But with his form, the change of batting order wasn't really warranted
2 mins
Financial Express Lucknow Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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