Financial Express Mumbai - December 23, 2024
Financial Express Mumbai - December 23, 2024
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December 23, 2024
Smartphone exports set to top ₹1.70 L cr, rise 31%
INDIA'S SMARTPHONE EXPORTS are set to cross ₹1.70 lakh crore in the current financial year - which would be a rise of 31% from ₹1.29 lakh crore in FY24.
2 mins
Mumbai's asset-light model draws realty heavyweights
25,000 buildings valued at ₹30,000 crore are qualified for redevelopment
4 mins
26 enter startup billionaire club
OLA'S BHAVISH AGGARWAL AND SWIGGY'S SRIHARSHA MAJETY LEAD THE PACK
1 min
40% decline in broker strength
• Many morph into sub-brokers
2 mins
Centre may reduce reserve sale price for rice to make ethanol
No takers for FCI stocks among grain-based distilleries
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
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
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.
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
States' capex likely fell during April-November
● Capital spends of 12 states reviewed down 7%, borrowings decline 4%
2 mins
ED to staff: No PMLA only on basis of conspiracy
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 told The Indian Express.
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
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
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
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
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
Avaada looks to raise $1-bn debt to fund green projects
● Green ammonia, hydrogen projects coming up in Odisha
2 mins
Musk's Trump trade makes Tesla a winner with $570-billion rally
EARNINGS, REVENUE EXPECTATIONS PLUNGE
2 mins
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
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
ISRAELI MILITARY STRIKES across the Gaza Strip killed at least 17 Palestinians, eight of them at a school sheltering displaced families in Gaza City, medics said, as the Israeli military ordered the evacuation of a hospital in the north.
1 min
Suspect in German Christmas market attack detained
A GERMAN JUDGE ordered pre-trial 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
Overlapping lending: Banks urge RBI to extend deadline
BANKS HAVE REQUESTED the Reserve Bank of India (RBI) to extend the timeline for adhering to new guidelines that prohibit overlapping lending activities between banks and their group entities.
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
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
2025, AND THE FUTURE OF WORK: How skilling will change in five years
Academicians and CHROs on the skills and roles you must focus on for career advancement and leadership positions
2 mins
Made to handle market turbulence
● These provide a balanced approach to wealth creation
2 mins
Get more interest money on EPF claim
● Claims will now be accepted throughout the month
3 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
Budgeting for peasants, planet
UNLESS POLICIES TRY TO GET THE AGRI-MARKETS RIGHT, OUR FARMERS WILL KEEP AGITATING FOR HIGHER PRICES
4 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
Winner, but for how long?
India Inc's fortunes will soon change, unless higher household income supports demand
2 mins
Has the 'Indian' car brand come of age?
● Consumers are no longer hung up on global badges
2 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
GOVO GOBUDS SPORT: Comfortable fit for long sessions
These earbuds have low latency and a strong battery
1 min
Tech redefines how we shop in-store
● AI provides cues according to individual tastes
2 mins
Eliminates odour, cleans indoor air in a jiffy
● Ideal for bedrooms, offices, or small living areas
2 mins
'Consumers prioritise value, want devices tailored to their needs'
BenQ, one of Taiwan's biggest electronics firms, sees immense scope for its monitors, projectors, and education-focused flat panels in India.
3 mins
'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:
3 mins
Scott Boland & the 'stolen generation'
ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.
2 mins
It's slow going at Indiamart
THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS
3 mins
Financial Express Mumbai Newspaper Description:
الناشر: The Indian Express Ltd.
فئة: Newspaper
لغة: English
تكرار: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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