Financial Express Mumbai - January 02, 2025
Financial Express Mumbai - January 02, 2025
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January 02, 2025
Data protection rules get home ministry's go-ahead
MeitY to shortly start public consultations
2 mins
Rupee Continues Its Slide to New Low; Nudges Towards 86 Mark
THE RUPEE CONTINUED its slide on Wednesday, slipping to a new all-time low of 85.65 against the dollar, 4 paise or 0.05% weaker than Tuesday's closing of 85.61. Intra-day, the Indian currency fell to 85.72 levels, recovering after the Reserve Bank of India stepped in, dealers told FE.
1 min
AMD, Intel target AI inferencing to rival Nvidia monopoly
The race for dominance in AI computing is intensifying as AMD and Intel have set their sights on AI inferencing, a critical and fast-growing segment poised to disrupt Nvidia's monopoly.
2 mins
Dec GST mop-up at ₹1.77L cr
THE GROSS GOODS and Services Tax (GST) collections in December came in at ₹1.77 lakh crore, up 7.3% on year, data released by the finance ministry on Wednesday showed.
1 min
New projects unveiled down 22% in Q3: CMIE
Project completion down more than 50%
2 mins
Govt cuts jet fuel price by 1.5%, commercial LPG by ₹14.5/cylinder
THE PRICE OF jet fuel, or ATF, on Wednesday was reduced by 1.5% and the rate of commercial LPG that is used in hotels and restaurants was cut by ₹14.5 per 19-kg cylinder in the monthly revision done in line with benchmark international prices.
1 min
Nagaraju to PSBs: Speed up resolution of grievances
STRESSING THAT ANY laxity in grievance redressal is against the ethos of customer service and diminishes the brand value of the organisation, financial services secretary M Nagaraju has directed public sector banks (PSBs) and insurance companies (PSICs) to address public grievances sincerely in a time-bound manner.
1 min
2024 Was Warmest Since 1901; Jan 2025 to Be Relatively Warm
THE YEAR 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degree Celsius above the long-period average, Mrutyunjay Mohapatra, director general of the India Meteorological Department (IMD), said on Wednesday.
1 min
Two crop insurance schemes to run till FY26
Total allocations for PMFBY & RWBCIS for FY22-26 raised to ₹69,515 crore
1 min
Additional subsidy of ₹3,850 cr for DAP to maintain retail prices
THE GOVERNMENT ON Wednesday extended additional subsidy on di-ammonium phosphate (DAP) beyond December 31, 2024, aimed at helping maintain retail prices of this key fertiliser at 1,350/a bag of 50 kg. This will push up the fertiliser subsidy by 3,850 crore in the current financial year.
1 min
FY25 Tobacco Exports to Top ₹13,000 Cr
Higher yields & prices drive growth; no increase in area under tobacco cultivation
2 mins
IREDA loan disbursements up 41%
STATE-OWNED INDIAN RENEWABLE Energy Development Agency (IREDA) sanctioned loans worth ₹31,087 crore in the third quarter of the current financial year, up 129% from ₹13,558 crore in the same period last year, according to provisional data provided by the company.
1 min
Electronics sector seeks cut in duties, tariff slabs
IN THE RUN-UP to the Budget 2025-26, the India Cellular and Electronics Association (ICEA) has urged the government to simplify the tariff structure and sought a reduction in duties on electronics parts and components used in mobile phones, television sets, hearables, and car displays.
1 min
18 Former MoS, 12 Ex-MPs Still Have Security
The Delhi Police plans to approach the Ministry of Home Affairs with a list of 18 former Ministers of State (MoS) and 12 former Members of Parliament who have security cover even after completion of their tenure/term.
1 min
UP minister alleges threat from special task force
UTTAR PRADESH CABINET minister Ashish Patel has accused the state special task force of \"conspiring\" against him and alleged a threat to his life from the agency.
1 min
Air India set for major global expansion, says CEO Wilson
AIR INDIA HAS covered a lot of ground since privatisation and its global coverage will further increase in the years ahead, the airline's chief Campbell Wilson said on Wednesday.
1 min
India Poised to Lead Global Supply Chains: Anand Mahindra
INDIA HAS THE potential to significantly bolster its economic stature and establish itself as a pivotal player in the global supply chain, according to Mahindra Group chairman Anand Mahindra.
1 min
Q-comm delivers record sales on New Year's Eve
QUICK COMMERCE FIRMS saw their sales soar to unprecedented levels on December 31.
2 mins
SUV demand puts Dec PV sales in the fast lane
Sales hit 4.3 million in 2024, marking 4.8% growth
2 mins
Zoomcar eyes expansion for newly launched cab service
ZOOMCAR, KNOWN FOR its self-drive car rental services, has recently piloted a chauffeur-driven cab rental service in Bengaluru, and is considering expanding it to other major cities.
1 min
Nishant Pitti resigns as CEO of Easy Trip Planners
EASY TRIP PLANNERS, the parent company of online travel booking platform EasyMyTrip, announced the resignation of its CEO Nishant Pitti on Wednesday, adding that Pitti was stepping down for personal reasons.
1 min
Snapdeal Trims FY24 Losses by 43%
E-COMMERCE PLATFORM SNAPDEAL has reduced its losses considerably in FY24, despite near-flat revenue growth during the year.
1 min
Accel raises $650 million for eighth India fund
ACCEL HAS RAISED $650 million (₹5,500 crore) for its eighth India fund, according to the US Securities and Exchange Commission filings, seen by FE.
1 min
Foreign flows into govt bonds to come off record highs
FOREIGN FLOWS INTO government bonds are set to decline in 2025, after spiking to a record high in 2024 as the debt got added to JPMorgan's emerging market debt index, investors said.
1 min
Banks' Loan Growth Drops for Fifth Straight Month in Nov
BANKS' CREDIT GROWTH moderated for the fifth straight month in November, driven by a slowdown in unsecured and personal loan segments, data released by the Reserve Bank of India (RBI) showed.
1 min
Indices Begin 2025 on a High
FPIs continue selling spree
2 mins
New year brings stricter regulatory oversight for HFCs
WITH THE RESERVE Bank of India's (RBI) new guidelines coming into effect on Wednesday, housing finance companies (HFCs) are stepping into the new year under stricter regulatory oversight.
1 min
RPower Rallies as Arm Repays $150 Million to IIFCL, UK
RELIANCE POWER on Wednesday said its arm Sasan Power has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31.
1 min
UPI Transactions Hit Record High in Dec; Value at ₹23.25L Cr
DIGITAL TRANSACTIONS CONTINUED their upward trend in December, with the number of transactions on the Unified Payments Interface (UPI) rising 8% month-on-month to hit a record of 16.73 billion, according to data from the National Payments Corporation of India (NPCI).
1 min
Pakistan's inflation hits 81-month low of 4.1% in Dec
PAKISTAN'S CONSUMER INFLATION rate slowed to 4.1% year on year in December, the statistics bureau said on Wednesday, the lowest in more than 6-1/2 years.
1 min
10 dead, 30 injured after truck rams into New Orleans crowd
A DRIVER CRASHED his truck into a crowd at high speed in New Orleans' French Quarter in the wee hours of New Year's Day then opened fire, killing at least 10 people and injuring more than 35, city officials and police said.
1 min
Russia and Ukraine cease five decades of gas transit to EU
Ukraine to give up long-held strategic position
2 mins
Begins 2-year non-permanent UNSC tenure
Pakistan began its two-year tenure as a non-permanent member of the United Nations Security Council (UNSC) on Wednesday, with Ambassador Munir Akram saying that the Pakistani delegation will play an \"active and constructive\" role in addressing key challenges facing the world.
1 min
Mubadala pips PIF as top spender globally
ABU DHABI'S MUBADALA Investment was the world's most active sovereign wealth fund last year as it ramped up deal-making across everything from private credit to artificial intelligence (AI).
1 min
ECB Hopes to Hit 2% Inflation Target in 2025, Says Lagarde
The European Central Bank's (ECB) 2% inflation target is in sight, according to President Christine Lagarde.
1 min
US stocks fall to close out best two-year stretch since 1998
US STOCKS DECLINED in the final session of the year but still closed out the best two-year run since 1998. The S&P 500 Index fell 0.4% in its fourth down day, the longest losing streak to end a year since 1966. The Nasdaq 100 declined 0.9% and the Dow Jones Industrial Average fell 0.1%. The Russell 2000 Index rose 0.1%.
1 min
Virtual companions, real consequences
It is imperative to set up legal frameworks and ethical guidelines that safeguard users, especially those most vulnerable, from unintended consequences of AI
3 mins
Cutting through the hype on AI, RTO, and DEI
FROM A QUICK glance at 2024's top business headlines, you'd think all companies were pushing return-to-office (RTO) policies, embracing artificial intelligence (AI), and banishing diversity, equity, and inclusion (DEI) programmes. But as we head into 2025, let's remember that headlines don't always reflect reality.
2 mins
The future of algo trading
SEBI PROPOSAL SEEKS TO STRIKE A BALANCE BETWEEN REGULATORY CONCERNS AND INTERESTS OF STAKEHOLDERS
4 mins
No cause for alarm
Slower loan growth should help lower liabilities and boost household savings
2 mins
Large quantum computers a reality in the near future
THE WILLOW COMPUTING chip marks a significant milestone in quantum computing, advancing scalability, stability, and error correction - key to achieving fault-tolerant quantum systems.
1 min
An inspiration for India's Quantum Mission
THE SUCCESS OF Google is a shot in the arm for India's Quantum Computing Mission as this demonstrates the feasibility and great potential of quantum computing and will act a motivation to strengthen the ecosystem. India should speed up our own development, collaborate and get knowledge sharing from Google, focus on applications and algorithms development.
1 min
AI, Convergence, and Beyond
Firms poised to scale up AI deployments into full production
2 mins
Boost quality control, fix fair pricing: Shah to NCOL
COOPERATION MINISTER AMIT Shah on Wednesday directed National Cooperative Organic Ltd (NCOL) to strengthen quality control and establish fair pricing for its \"Bharat Organics\"brand as the government seeks to expand organic farming nationwide.
1 min
From evolution to digital revolution
THE EYE GAVE Charles Darwin \"a cold shudder\". Writing in The Origin of Species, he struggled to explain how natural selection could create something so intricate. Over millions of years, our eyes evolved exquisitely. They adapted to function in natural light, their view constantly varying as our ancestors moved, gathering food and hunting, their blink rates perfectly adjusted to protect and nourish the eye. Today, the eyes are under unprecedented assault, their evolution utterly outpaced by technological change.
4 mins
Bhopal gas tragedy: 40 yrs later, toxic waste leaves Union Carbide factory
FORTY YEARS AFTER the Bhopal gas tragedy, the shifting of some 377 tonne of hazardous waste began from the defunct Union Carbide factory on Wednesday night for its disposal, an official said.
1 min
Regulation, deals, crypto: Fintech themes for 2025
THE CLOUDS THAT hung over the financial-technology industry in 2024 appear to be clearing as interest-rate cuts, recoveries in fintech stocks and promises of a looser regulatory environment in the second Trump administration paint a more promising outlook for startups.
2 mins
Agritech to create 80K jobs in 5 yrs: Teamlease
THE AGRI-TECH SECTOR is expected to create 60,000-80,000 new employment opportunities over the next five years, a senior executive of TeamLease Services said.
1 min
Financial Express Mumbai Newspaper Description:
الناشر: The Indian Express Ltd.
فئة: Newspaper
لغة: English
تكرار: Daily
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