Financial Express Mumbai - December 28, 2024Add to Favorites

Financial Express Mumbai - December 28, 2024Add to Favorites

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December 28, 2024

Households spend slightly more on food items in 2023-24

● Urban-rural gap declines marginally

Households spend slightly more on food items in 2023-24

4 mins

Jewellery units lose sheen as demand slumps

Being at once import-intensive and export-oriented, the gems and jewellery industry can withstand the current fall of the rupee, but will have serious concerns about the continued sluggishness in demand from key export markets.

Jewellery units lose sheen as demand slumps

2 mins

UltraTech to buy 8.7% stake in Star Cement for ₹851 crore

ULTRATECH CEMENT, the country's largest cement maker, on Friday said it will acquire a minority stake of 8.69% from the promoters of Meghalaya-based Star Cement in a deal worth up to ₹851 crore.

UltraTech to buy 8.7% stake in Star Cement for ₹851 crore

2 mins

From boom to bust

BYJU RAVEENDRAN, CO-FOUNDER & CEO, BYJU'S

From boom to bust

2 mins

Re closes in on 86/$

FALLS 28 PAISE, STEEPEST SINCE JUNE

2 mins

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.

Govt to purchase soyabean at MSP

1 min

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 to $644.391 billion for the week ended December 20, the RBI said on Friday.

At $644 bn, forex reserves drop to over 7-month low

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.

Trump tariffs to define global trade in 2025

4 mins

Singh Has Kept a Great Legacy Behind

Without the political support, he could not have done that (1991 reforms), but it was a very insightful, forward-looking, visionary change of our economic regulatory system

3 mins

Government Extends Mandate for Imported Coal Plants to Operate at Full Capacity

India on Friday extended its mandate for imported coal-based power plants to operate at full capacity until Feb. 28, a government circular showed.

Government Extends Mandate for Imported Coal Plants to Operate at Full Capacity

1 min

PM CARES Fund receives ₹912 cr as donation in FY23

CLOSING BALANCE IN THE FUND STOOD AT ₹6,284 CR

PM CARES Fund receives ₹912 cr as donation in FY23

2 mins

A Reformer Who Punched Above His Political Weight

● His vision of economic trajectory has been clear, and his actions purposeful and unrelenting

A Reformer Who Punched Above His Political Weight

2 mins

History will remember him with gratitude

DR MANMOHAN SINGH will be remembered not kindly but with gratitude by history.

History will remember him with gratitude

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.

Manmohan Singh as an economic reformer

2 mins

A Creditable 1st Innings as PM, a Tougher 2nd Term

UPA-II WITNESSED MULTIPLE ALLEGATIONS OF CORRUPTION TOWARDS END OF TENURE

A Creditable 1st Innings as PM, a Tougher 2nd Term

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.

Osamu Suzuki, who led Japanese automaker into India, dies

2 mins

Will 2025 Ring in Significant Turnaround for Voda Idea?

SIGNS OF GRADUAL RECOVERY VISIBLE - Challenges persist, but it's in a better position to compete.

Will 2025 Ring in Significant Turnaround for Voda Idea?

3 mins

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, laying the foundation to support its upcoming laptop manufacturing plant in India.

Wistron to invest $20 million in new factory line in Karnataka

1 min

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

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

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%.

Households Spend Marginally More on Food Items in 2023-24

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

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.

JSW Energy to acquire O2 Power for ₹12,468 cr

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.

VinFast to make India debut next month

1 min

A truly great son of India

DR SINGH'S APPROACH WAS SUPREMELY EFFECTIVE IN CREATING SPACE FOR EXCHANGE OF VIEWS

4 mins

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

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.

Bollywood's dark past is threatening to return

3 mins

Is this the end of legacy automakers?

● Strategic response to manage changing industry structure

Is this the end of legacy automakers?

2 mins

You can get home loan to buy flat from a family member

• My brother is selling the flat for which he had taken a home loan. Outstanding amount is ₹21 lakh. He is selling the flat to me for ₹30 lakh. Can I get a home loan to pay him the money?

You can get home loan to buy flat from a family member

1 min

Take super top-up, not a top-up plan

You can save on premiums too with a super top-up plan

Take super top-up, not a top-up plan

1 min

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.

Govt to borrow ₹4L cr from market via T-bills

1 min

RBI Infuses Over ₹2L-Cr Liquidity Via Two VRR Auctions

The Reserve Bank of India (RBI) received bids worth ₹2.13 lakh crore from banks against the notified amount of ₹2.75 lakh crore for the two variable rate repo (VRR) auctions held on Friday, as lenders grapple with a cash crunch amid strained liquidity conditions.

RBI Infuses Over ₹2L-Cr Liquidity Via Two VRR Auctions

1 min

Indices log 1% gain this week

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.

Indices log 1% gain this week

1 min

Prepaid users can now make UPI payment via third-party apps

TO IMPROVE INTEROPERABILITY AND ENHANCE USER EXPERIENCE

Prepaid users can now make UPI payment via third-party apps

1 min

Another Stellar Year Likely for IPOs

● Strong valuations, investor demand to push primary market

2 mins

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.

Richard Parsons, who rescued Time Warner, Citigroup, dies

2 mins

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.

US Airline Stocks Beat Market

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.

Slovakia Could Host Peace Talks With Ukraine: Putin

1 min

Japan's Cabinet gives nod to record budget

PLAN MARKS 2.6% HIKE FROM THE CURRENT YEAR

Japan's Cabinet gives nod to record budget

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.

S Korea impeaches acting president

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

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.

Nissan Shares Decline Most Since August

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.

Probe against Netanyahu's wife

1 min

Squid Game stocks tank

A LESS-THAN-PERFECT debut for the new season of Netflix's blockbuster series

1 min

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

IIFL Home Finance expects 15% AUM growth in FY25

● Looking at stock market listing, but no timeline yet

IIFL Home Finance expects 15% AUM growth in FY25

2 mins

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

South steals the spotlight

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

Does India want BGT win or Rohit back in form?

2 mins

قراءة كل الأخبار من Financial Express Mumbai

Financial Express Mumbai Newspaper Description:

الناشرThe Indian Express Ltd.

فئةNewspaper

لغةEnglish

تكرارDaily

The Financial Express brings the latest and breaking business news from Markets and Industries in India.
The Financial Express is the best source of information on Business, Finance, Stock Markets, Equity market, Economy, companies and Industries.
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