Financial Express Lucknow - March 12, 2025
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In this issue
March 12, 2025
Sebi warns IIFL Cap over handling of debt issues
MARKETS REGULATOR SEBI has issued a warning to IIFL Capital Services regarding due diligence in debt issues handled by its merchant banking division.
1 min
New Accounting Guidelines From Apr 1 To Improve Forex Guidance
Will help encourage global capital inflows to Indian firms
2 mins
Imports of edible oil decline 8% in Feb
INDIA'S EDIBLE OIL imports in February declined to lowest level since May, 2020, to 0.89 million tonne (MT), a fall of 8% compared to February, 2024, due to sharp fall in palm oil imports.
1 min
Action India and US to liberalise bilateral trade, says Prasada
India and the US will focus on increasing market access, reducing tariffs and non-tariff barriers, and enhancing supply chain integration as they embark on negotiations on a Bilateral Trade Agreement (BTA), Parliament was informed on Tuesday.
1 min
Over 1 mn units installed under rooftop solar scheme
Growth Push
2 mins
Growth in net sales of FDI cos moderated to 9.3% in FY24: RBI
THE RBI ON Tuesday said with the normalisation of post-pandemic pent-up demand conditions, the growth in net sales of select FDI companies moderated to 9.3% during 2023-24 from the high of 20.3% in the previous year.
1 min
Slow 5G Monetisation May Delay 6G Launch
In absence of 5G use cases and its slow monetisation, the launch of 6G services is likely to get delayed in the country beyond the target of 2030, according to telecom operators and industry experts.
2 mins
Maritime security to infra on table, Modi meets new Mauritius leaders
IN A STRATEGIC outreach to the new leadership in Mauritius, Prime Minister Narendra Modi met newly-elected Prime Minister Navin Ramgoolam and President Dharam Gokhool Tuesday as he began a two-day visit to the island nation.
2 mins
Want to keep NRI share at 25% of sales for now
Non-resident Indians (NRIs) at present account for one-fourth of total residential sales at large developers such as DLF, up from 7-10% before the pandemic, as top cities continue to see price appreciation and rising demand for luxury and ultra-luxury properties.
2 mins
Ola to shut two Punjab experience centres
BHAVISH AGGARWAL-LED OLA Electric is understood to have shut down its experience centres in Punjab on Tuesday apprehending the authorities would raid its showrooms.
1 min
Bessemer Venture Launches $350 Million India Fund
US-BASED BESSEMER VENTURE Partners has closed its second India-dedicated, early-stage focused fund with a corpus of $350 million.
1 min
Big challenges ahead for Zomato Nugget in its bid to leave a mark
Pros And Cons
2 mins
Godrej arm to acquire remaining 48% in CDPL
The board of Godrej Agrovet has approved the acquisition of the remaining 48.06% stake in Creamline Dairy Products (CDPL), consolidating its position in the value-added dairy products space.
1 min
Swiggy fleet to be 100% electric by 2030
Swiggy, at an event in New Delhi on Tuesday, announced that it will transition to a 100% electric vehicle (EV) delivery fleet by 2030.
1 min
Yamaha Launches India's First 150cc Hybrid Motorcycle
ON TUESDAY, YAMAHA launched the FZ-S Fi — India's first hybrid motorcycle, which was showcased at the Auto Expo 2025 in January.
1 min
Lodha shares rise 6.72% on ₹279-cr land acquisition
SHARES OF PROPERTY developer Lodha, listed as Macrotech Developers, surged 6.72% in intra-day trade on reports that the company has acquired a land parcel in Mumbai for ₹279 crore.
1 min
BSNL, Vodafone Idea Continue to Lose Users
STATE-OWNED Bharat Sanchar Nigam (BSNL) continued to lose subscribers for the second consecutive month in December 2024, according to data from the Telecom Regulatory Authority of India (Trai).
1 min
Tesla now opens component sourcing positions for India
On A Hiring Spree
2 mins
Adani Group Top Bidder for ₹36K-cr Mumbai Project
AFTER THE DHARAVI slum redevelopment project, Gautam Adani's group has emerged as the highest bidder for the ₹36,000-crore redevelopment of Motilal Nagar in Mumbai, sources said.
1 min
Benchmark yield will soften in 3-6 months
Inflows from passive funds into bonds will be significantly lower this year and for active flows, the trend is flattish-to-negative, feels Mahendra Kumar Jajoo, CIO-fixed income, Mirae Asset Investment Managers.
2 mins
Rupee gains as dollar index falls to 4-month low
THE RUPEE ON Tuesday gained 12 paise to settle at 87.2125, supported by likely intervention from the Reserve Bank of India and gain in its Asian peers, with the dollar index falling to its four-month low and crude oil prices remaining subdued.
1 min
Life insurers' new biz premiums drop 12%
NEW BUSINESS PREMIUMS of life insurance companies fell 12% year-on-year in February.
1 min
Indices recoup losses; realty & telecom gain, IT & banks drop
THE EQUITY INDICES recovered early losses and ended muted on Tuesday.
1 min
Don't panic, bank's financials strong: IndusInd promoter
AS THE FALLOUT of multi-crore accounting discrepancies wiped out more than a quarter of IndusInd Bank's market capitalisation on Tuesday, promoter Ashok Hinduja appealed to shareholders \"not to panic\".
1 min
Indian stocks start looking attractive: Morgan Stanley
AMID A SELL-OFF on Dalal Street due to concerns about growth outlook and trade wars, global brokerage firm Morgan Stanley has stated that Indian stocks are now looking attractive, with a stock pickers' market unfolding.
2 mins
TCS to acquire realty firm
In January this year, the company announced the acquisition of TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six for ₹1,650 crore to service the need for expanded seating capacity.
1 min
SBI Says Issue Resolved After Customers Face Outage
CUSTOMERS OF STATE Bank of India faced difficulties in accessing UPI and mobile banking services for more than four hours on Tuesday due to some \"technical issues\".
1 min
Apple OS overhaul
FOR THE IPHONE, it will be the biggest revamp since iOS 7 in 2013.
1 min
Goyal May Visit US Again This Week
JAPAN'S YUJI MOTO was in the US recently for last-ditch negotiations on tariffs but was denied any concessions regarding higher duties on Tokyo's exports of automobiles, steel and aluminum.
1 min
Sebi cuts timeline for rights issue
Issue of AIFs circumventing norms resolved, says Ananth Narayan
2 mins
The Fed Should Correct Food Inflation Oversight
THE FEDERAL RESERVE technically targets 2% overall inflation, as measured by the personal consumption expenditures deflator.
3 mins
Cooperative pas de deux?
Prospects for dancing with the dragon are brighter with a narrower power differential
2 mins
Campaign showed small cars can have a big impact
There is smart marketing, and then there is great marketing. Little Tikes' Little Green Flag scheme definitely falls under the latter.
1 min
Streaming smackdown
Will WWE help Netflix widen base?
3 mins
Trump Takes Aim at Canada With Doubled Tariffs on Metals
President Donald Trump on Tuesday doubled his planned tariffs on all imports of steel and aluminum products from Canada to 50%, in response to the province of Ontario's decision to place a 25% tariff on its electricity exports to the U.S.
1 min
US Prez Meets Industry Captains
US PRESIDENT DONALD Trump will meet the CEOs of America's biggest companies on Tuesday, many whose market value has dipped in recent days as recession and inflation fears soured consumer and investor sentiment.
1 min
AI fever sweeps China's political huddle
FOR SOME YEARS now, China's annual gathering of its national legislature has been an increasingly disciplined and choreographed affair — its muted vibes practically an echo of deepening concern about domestic stagnation.
1 min
Meta Begins Testing Its First In-House AI Training Chip
FACEBOOK OWNER META is testing its first in-house chip for training artificial intelligence systems, a key milestone as it moves to design more of its own custom silicon and reduce reliance on external suppliers like Nvidia, two sources told Reuters.
1 min
Troubled Nissan picks chief planning officer Espinosa as CEO
NISSAN ON TUESDAY named Ivan Espinosa its next chief executive, tapping the two-decade company veteran with deep product experience to revive a once-storied brand now tarnished by years of scandal, management turmoil and faltering sales.
1 min
US, Ukraine Hold Jeddah Talks After Major Drone Attack
UKRAINIAN AND US officials met behind closed doors for hours of talks in Saudi Arabia on Tuesday to find a path towards ending the war with Russia, after Kyiv's forces launched their largest drone attack on Moscow of the war overnight.
1 min
Information security spending to rise 16%: Gartner
THE END-USER SPENDING on information security in the country is projected to rise 16.4% year-on-year to $3.3 billion in 2025, according to a new forecast from Gartner.
1 min
CPSEs catching up on corporate governance, survey reveals
INDIA'S TOP CENTRAL public sector enterprises (CPSEs) with \"maharatna\" and \"navratna\" tags reported a mixed picture in their efforts to improve corporate governance, going by the fourth edition of the survey by Excellence Enablers.
1 min
Financial Express Lucknow 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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