Financial Express Mumbai - December 04, 2024
Financial Express Mumbai - December 04, 2024
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In this issue
December 04, 2024
As funding winter bites, startups get finances in order
Prioritise sustainable growth projections, lean cost structures
2 mins
Reality check for capex target
HEALTHY GOAL
2 mins
Swiggy trims loss in first post-IPO earnings
FOOD TECH AND grocery delivery firm Swiggy on Tuesday reported better-than-estimated earnings during the July-September quarter.
2 mins
LS nod to banking law amendments
PSBs safe & stable, doing well, FM tells lawmakers
2 mins
6E vs 6e: IndiGo sues M&M for patent violation
BRANDING BATTLE
2 mins
Higher GST on sin goods will offset losses from insurance
AN INCREASE IN goods and services tax (GST) on several items and a special levy of 35% on \"sin goods\" like cigarettes, as proposed by a group of ministers (GoM) formed by the GST Council, are expected to help partially offset revenue shortfalls due to abolition of the tax on insurance premiums, experts say.
2 mins
Safeguard duty on steel imports will deal MSMEs a blow
The proposal for a 25% safeguard duty on steel imports, if implemented, will deal a blow to the struggling micro, small and medium enterprises (MSMEs) and engineering exports, according to industry representatives and experts.
1 min
Rate restructuring may spur parallel economy, say firms
TWO ASSOCIATIONS OF manufacturers and retailers have said that the new goods and services tax (GST) slabs proposed for readymade garments will promote a parallel economy, defeating the very purpose of GST.
2 mins
Petroleum product exports slip 12% in Nov
INDIA'S EXPORTS OF petroleum products in November declined by 12% year-on-year to 1.29 million barrels per day, driven by a significant fall in the supply to Europe, according to data provided by energy cargo tracking firm Vortexa. The decline was 3% compared to the previous month.
2 mins
Not considering addition of new sectors in PLI schemes: Govt
The government on Tuesday said it is not considering any proposal to include new sectors under the production-linked incentive (PLI) regime.
1 min
Farmers' protest escalates: More than 160 arrested in Noida
POLICE ON TUESDAY arrested more than 160 protesting farmers, including President of Bharatiya Kisan Parishad Sukhbir Khalifa, who were holding a sit-in at the 'Dalit Prerna Sthal' after their march to Delhi on land compensation and other demands was stopped a day earlier.
1 min
Disengagement over, ties with China improving: EAM
S JAISHANKAR'S STATEMENT IN LOK SABHA
2 mins
Japanese firms keen on setting up chip units in India
JAPANESE FIRMS ARE keen to set up semiconductor units in India and they have all the expertise and specialisation to partner with domestic firms, Deloitte has said.
1 min
Airfares set to rise in coming quarters
AIRFARES ARE EXPECTED to inch up in the coming quarters following a rise in fuel prices and lease rentals becoming more expensive due to the depreciating rupee, ratings agency ICRA said on Tuesday.
1 min
Mobility startups need to navigate through grey regulatory zones
MOBILITY AND RIDE-HAILING startups need not wait for full clarity on the regulatory front and it's fine if they operate in the grey area, in the initial stages, if that is not outright illegal.
1 min
‘Whatever Trump decides on tariffs, it will create opportunities for India’
Textile-to-real estate group Raymond is seeing buoyant sales in the current quarter and expects a pick-up in the coming months.
2 mins
Family offices spread to smaller cities as presence of HNIs widens beyond metros
WITH ULTRA-HIGH-NET-WORTH FAMILIES no longer being concentrated in cities like Mumbai, Delhi, Bengaluru or Hyderabad, family offices are now proliferating in places such as Surat, Ludhiana, Lucknow, Ahmedabad, Nagpur and Coimbatore.
2 mins
Network issues: Vi's revenue market share hits all-time low
Analysts see Airtel & Jio gaining share as users port out
1 min
Indian Navy: Venturing into uncharted waters
A net security provider, safeguarding our coastline and maritime routes
2 mins
Indian Navy modernisation: A new era of strength
The Navy, as the guardian of maritime borders, ensures regional stability
2 mins
Adanis stronger since Hindenburg: Report
The Adani Group is now in a much stronger position with no share pledges, low leverage, debt repayments, and improved valuations than at the time when it was under attack from short-seller Hindenburg, US-based research firm Bernstein has said.
2 mins
GIC, BlackRock, Aberdeen among investors in Godrej's ₹6,000-cr QIP
ON A GROWTH PATH
1 min
MapmyIndia shelves ₹35-crore investment plan in B2C venture
DIGITAL NAVIGATION FIRM CE Info Systems, which operates under MapmyIndia brand name, has shelved its decision to invest ₹35 crore in a proposed B2C venture to be led by CEO Rohan Verma.
1 min
EV major VinFast's India plant to act as global export hub
VIETNAMESE ELECTRIC VEHICLE (EV) major VinFast is preparing to install equipment and machinery at its India plant, which will have an annual capacity of 50,000 EVs.
1 min
Qntrl sees 30% rise in enterprise market
QNTRL, THE BUSINESS process management (BPM) platform under Zoho Corporation, is seeing a 30% growth in its enterprise customer base in India in fiscal 2025, Gopalakrishnan Vaikuntam, Global Product Manager told FE.
1 min
Banks see ₹10,000-crore dip in deposits: RBI data
Have raised nearly 19.6 lakh cr from Jan to Oct this year
2 mins
Banks need to use bottom-up approach, says RBI deputy guv
BANKS SHOULD ADOPT a \"bottom-up\" approach for preparing credit plans to fulfill fund requirements for different segments in districts, RBI deputy governor Swaminathan J has said.
1 min
'We maintain a balanced distribution mix'
With nearly 4,000 crore in gross premium income for Q2, Kotak Mahindra Life Insurance Company ranks among India's top 10 private life insurers.
3 mins
Sebi nixes Trafiksol SME IPO, orders refund to investors
In an unprecedented regulatory action, the Securities and Exchange Board of India (Sebi) has cancelled the public listing of SME Trafiksol ITS Technologies, whose listing was earlier put on hold pending investigation, and ordered a full refund to its investors within a week.
1 min
Indices hit one-month high ahead of RBI policy decision
FPIs net buyers for 2 days in a row
1 min
Sebi plans portal for audit of brokers
IN A BID to align the audit process of stock brokers' technology and systems with the regulatory intent, market regulator the Securities and Exchange Board of India (Sebi) has proposed enabling stock exchanges to monitor and supervise stock brokers' system audits through an online web portal.
1 min
Neither good, nor simple
The GoM's proposals may be well-intended, but they will make the GST regime more complex
2 mins
Can we be sure of food inflation?
TREND SHIFTS IN FOOD PRICE LEVEL AND PRICE GROWTH PORTEND PERSISTENCE, NOT REVERSION
3 mins
Plastics failure is a canary in the climate coalmine
YOU MIGHT HAVE missed it amid the noise of the Trump transition and the sound of the European and Japanese auto industries collapsing. But the failure of an obscure United Nations meeting in South Korea at the weekend is a sign of how the entire edifice of environmental diplomacy is creaking.
3 mins
The human capital imperative
Upgrading it with help from industry is crucial to bolster India’s manufacturing ambitions and become an advanced economy
3 mins
Click and connect
Personalised marketing is no longer just a trend
2 mins
A manifesto against deceptive advertising practices
Why the campaign rocks:
1 min
The ₹1 lakh-plus price point is an exciting place to be in
LUXURY SHOPPERS ARE LOOKING FOR BRANDS THAT CAN RESEMBLE THEM, THEIR ATTITUDES, AND MINDSET\" SUPARNA MITRA
3 mins
Trump remains opposed to US Steel sale, pledges tariff
DONALD TRUMP REITERATED his opposition to the sale of United States Steel Corp. to Nippon Steel Corp., saying he'd instead use tariffs and tax incentives to revive the American steelmaker.
1 min
China targets critical metals in tit-for-tat response to US
Move follows US restrictions on semiconductors
2 mins
Kash Patel has plans to remake FBI into Trump's tool
\"FIRE THE TOP ranks of the FBI\" Encourage Congress to demand testimony exposing \"every single bit of filth and corruption\" at the agency, and withhold its funding \"until the documents come in.\" Prosecute leakers and journalists. Replace the national security work force with \"people who won't undermine the president's agenda.\"
2 mins
BlackRock to buy private lender HPS in $12-billion deal
BLACKROCK AGREED to buy HPS Investment Partners in an all-stock deal valued at roughly $12 billion, a purchase that will propel the world's largest asset manager into the highest ranks of private credit.
1 min
South Korea put under martial law
SOUTH KOREAN PRESIDENT Yoon Suk Yeol on Tuesday declared martial law in an unannounced late night address broadcast live on YTN television, claiming he would eradicate \"shameless pro-North Korean anti-state forces\".
1 min
India, Vietnam may gain from US-China chip war
US AND CHINA have got into a fresh tit-for-tat trade restriction. After the US announced export restrictions on computer chip-making equipment, software and high-bandwidth memory chips, China on Tuesday retaliated by banning gallium, germanium, antimony and other key high-tech materials exports to the US.
2 mins
SRCC sees over 500 offers, highest at ₹35 lakh
DELHI UNIVERSITY'S SHRI Ram College of Commerce (SRCC) has completed the placement season 2023-24 with over 500 offers being made by more than 135 companies in over 15 sectors.
1 min
Thousands throng to watch Indian team train
Border-Gavaskar Trophy: Hardly anyone to watch Australian team
3 mins
Financial Express Mumbai 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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