Financial Express Pune - December 20, 2024
Financial Express Pune - December 20, 2024
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December 20, 2024
Highway infra trust to raise ₹15,000 cr; halts bond sale plan
The National Highways Infrastructure Trust (NHIT), promoted by the National Highways Authority of India (NHAI), will raise around ₹15,000 crore through a mix of debt and equity for acquisition of the next round of assets in the next two months, a senior official said.
1 min
Adani did not remit savings from India tax break it got: Bangla govt
BANGLADESH'S INTERIM GOVERNMENT has accused Adani Power of breaching a multi-billion-dollar energy supply agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters.
1 min
Health insurance cover for OPD expenses to rise, says official
MORE HEALTH INSURANCE companies would start offering insurance cover on outpatient department (OPD) expenses, said Kiran Gopal Vaska, joint secretary and mission director (Ayushman Bharat Digital Mission) at the National Health Authority (NHA).
1 min
Niti suggests dormitory beds for factory workers at ₹2,000 a month
WITH INDIA REQUIRING 25 million beds for industrial workers in the next decade, a Niti Aayog report on Thursday suggested lower property tax, power and water tariffs to provide dormitory beds at an affordable cost of ₹2,000/month under the public-private partnership (PPP) model near factory sites.
1 min
Curb subsidies to build critical infrastructure, RBI tells states
● Says too many central schemes undermine cooperative federalism
2 mins
DoT asked to diversify revenue streams
THE STANDING COMMITTEE on communications and information technology has asked the department of telecommunications (DoT) to diversify its revenue streams from the telecom sector to increase the government's revenue without burdening the industry excessively.
1 min
Push for local solar cells may raise project costs
THE GOVERNMENT'S DECISION to include solar cells in the Approved Lists of Models and Manufacturers, though it will be implemented from June 1, 2026, may in the short term inflate delivered costs of domestic modules, drive up the capital cost of projects, and affect timelines, analysts say.
1 min
First trade data review since 2011 likely
IT COULD BE a throwback to 2011 for the commerce ministry as it is having a relook at gold import data for November.
1 min
No sugar exports for now: Official
● Industry urges govt to allow 2 MT of shipments
1 min
UK PM hosts Indian business leaders to boost investments
UK PRIME MINISTER Keir Starmer hosted a delegation of 13 Indian companies at 10 Downing Street in London, with the British government describing it as a \"curated visit\" to enhance bilateral partnership and boost investments.
1 min
CCI conducts raids on liquor majors AB InBev, Pernod
THE COMPETITION COMMISSION of India (CCI) has raided some offices of alcohol giants Pernod Ricard and Anheuser-Busch InBev as it investigates accusations of price collusion with retailers in Telangana, sources familiar with the matter said.
1 min
Nestle: Swiss withdrawal of MFN status to not affect ops
NESTLE INDIA HAS clarified that the suspension of the most favoured nation (MFN) clause granted to India by Switzerland will not affect its operations.
1 min
Accenture lifts FY25 growth forecast; Q1 revenue up 8%
● Wipro, Infosys ADRs trade up
2 mins
IPO-bound Rebel Foods raises funds from KKR
IPO-BOUND CLOUD kitchen firm Rebel Foods said on Thursday that global investment firm KKR has acquired a stake in the kitchen operator.
1 min
Startups fire fewer employees, ramp up hiring in 2024
WITH FUNDING SHOWING signs of recovery, startups seem to be bouncing back. Layoffs by startups have dropped sharply in 2024 and hiring is also on the rise, data from layoffs.fyi showed.
1 min
MTNL to get BSNL support for assets
● Services in Delhi & Mumbai to be managed by BSNL
2 mins
Micromax partners Taiwan firm
HOMEGROWN CONSUMER ELECTRONICS company Micromax has entered into a joint venture with Taiwan-based Phison to design and manufacture storage chips or solid-state drives (SSDs) in the country.
1 min
Airtel prepays ₹3,626 cr to DoT
● Clears dues for spectrum auction held in 2016
1 min
Auto Expo: Missing brands to return
INDIA'S PREMIER AUTOMOTIVE event, the Bharat Mobility Global Expo, will begin on January 17 with a record-breaking lineup of brands, including several returning participants.
1 min
JSW Infra outlines ₹30K-cr capex plan
● Leveraging Navkaro acquisition, says company
1 min
AI orders 34 trainer aircraft
AIR INDIA HAS placed an order for 34 trainer aircraft for its upcoming Flying Training Organisation (FTO) in Amravati, Maharashtra.
1 min
Kia unveils Syros, aims to raise market share to 20%
KIA INDIA ON Thursday introduced the Syros, a new sub-4-metre SUV, which the company expects will increase its market share in the compact SUV segment from 15% to 20%.
1 min
Dalal Street joins global sell-off
JOINING THE GLOBAL equity sell-off following the US Federal Reserve's hawkish surprise of fewer rate cuts in 2025, benchmark indices fell 1% on Thursday, marking their fourth consecutive session of decline.
1 min
Bond yield at 3-week high
• Barclays strategist sees it falling further to 87 by next year end
3 mins
Bond yield at 3-week high
● Barclays strategist sees it falling further to 87 by next year end
3 mins
Oil edges higher on falling US crude inventories
BUSY 24 HOURS FOR CENTRAL BANKS
2 mins
Currencies tumble, few attempt rebound
THE DOLLAR SLIPPED on Thursday, a day after surging to a two-year peak after the Federal Reserve rocked markets by signalling a much slower pace of rate cuts in 2025, while the yen slid after the Bank of Japan (BOJ) stood pat on rates.
1 min
Powell signals Fed's focus is back on inflation
FEDERAL RESERVE OFFICIALS capped 2024 with a third-straight interest-rate cut and a strong signal that inflation concerns are back in the fore.
2 mins
Russia ready to compromise with Trump on Ukraine: Putin
RUSSIAN PRESIDENT VLADIMIR Putin said on Thursday that he was ready to compromise over Ukraine in possible talks with US President-elect Donald Trump on ending the war and had no conditions for starting talks with the Ukrainian authorities.
1 min
US Congress has two days to avert shutdown after Trump rejects Bill
THE US CONGRESS has two days to avert a partial government shutdown after Republican President-elect Donald Trump rejected a bipartisan deal late on Wednesday and demanded lawmakers also raise the nation's debt ceiling before he takes office next month.
1 min
BoJ holds rates too
THE BANK OF Japan kept interest rates unchanged on Thursday and its governor offered few clues on how soon it could push up borrowing costs, sending the yen and bond yields tumbling on fresh doubts over the near-term chances of a rate hike.
1 min
Riksbank cuts rate by 25 bps, Brazil cenbank raises outlook
SWEDEN'S RIKSBANK ON Thursday lowered its benchmark interest rate by 25 basis points and signaled its easing campaign is likely to be wrapping up with one cut left to deploy.
1 min
Bought for billions, selling for peanuts
M&A DEALS SLOWLY PICKING UP Annual tally tops $3 trillion again as bankers eye fresh boost from Trump
2 mins
BoE keeps rates steady, but members split on decision
BANK OF ENGLAND policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials disagreed over how to respond to a slowing economy that remains beset by inflation pressures.
1 min
Better late than never
The retail frenzy for SME IPOs and rising cases of frauds forced Sebi's hand
2 mins
Radical Overhaul Of Shipping Laws
A LEGISLATIVE REWORKING OF THE SHIPPING SECTOR WILL REQUIRE POLICY SUPPORT
3 mins
'Focus on product differentiation; consumer loyalty will follow'
Beauty and skincare brand Pilgrim, which started its life online, is putting its might behind offline expansion at the moment. In the last year and a half, the contribution of offline to its overall sales has grown from nil to nearly 25%, says co-founder Anurag Kedia. In this interview, he talks to Toshiro Agarwal about the challenges small players face when they start making their way through offline channels. Edited excerpts:
3 mins
Campaign's relatability adds charm to storytelling
In today's world, where information is available at the click of a button, travel & holiday booking apps face challenges far beyond simply outpacing competitors.
1 min
Fed's 2025 signal roils D-Street
THE SENSEX HAS lost 3.55%, or 2,915 points, in the last four trading sessions, eroding investment wealth of over ₹10 lakh crore (in three sessions).
1 min
Book Rahul Gandhi for assault: BJP to police
THE SHOWDOWN ON the premises of Parliament on Thursday reached police within hours with the BJP accusing Rahul Gandhi, Leader of Opposition in Lok Sabha, of \"physical assault\" and \"incitement\" while the Congress, in a counter-complaint, alleged that BJP MPs caused injuries to Mallikarjun Kharge, Leader of Opposition in Rajya Sabha, by pushing him to the ground.
1 min
Book Rahul Gandhi for assault: BJP to police
CHARGES FLY AFTER UGLY SCENES IN PARLIAMENT
2 mins
India's job market poised for 9% growth in 2025
HIRING ACTIVITIES IN 2025 are likely to witness a 9% growth in the country driven by sectors, including IT, retail, telecommunications and banking, financial services, and insurance (BFSI) sectors, a report said on Thursday.
1 min
Mumbai and Dubai top travel searches: Report
MUMBAI AND DUBAI emerged top searches for travel destinations and visa-free travel like Almaty and Kenya became traveller favourites in 2024, fintech firm One97 Communications - owner of Paytm brand said on Thursday.
1 min
Hyundai to equip product range with Amaron batteries
HYUNDAI MOTOR INDIA on Thursday said it will equip its domestic product line-up with Amaron's battery technology.
1 min
HDFC Securities sets Nifty target at 26,482 for 2025
HDFC SECURITIES EXPECTS 2025 to be a difficult year amid high valuations, with the benchmark Nifty 50 index likely to rise up to 26,482 points.
1 min
State-run firms commit big investments in Bihar
The Bihar Business Connect 2024 summit evinced huge corporate response on Thursday with some top state-run firms making major investment announcements, including the plan to establish a maiden nuclear power project in the state.
1 min
Bollywood's investments in startups decrease sharply to $3.6 mn in 2024
INVESTMENTS BY BOLLYWOOD celebrities in startups came down sharply in the current calendar year to $3.6 million against $28.5 million last year, data shared by Tracxn showed.
1 min
India-Pak ICC matches at neutral venues
THE DEADLOCK OVER the hosting of next year's Champions Trophy finally ended on Thursday when the ICC announced that India will play their matches of the 50-over event at a neutral venue instead of host country Pakistan, which will get a similar arrangement for tournaments to be held in India till 2027.
1 min
EU escalates pressure on Apple to open up features to rival firms
CHANGING DYNAMICS OF WEARABLES INDUSTRY
2 mins
EU escalates pressure on Apple to open up features to rival firms
The EU's European Commission has pressed Apple Inc. to further open up the iPhone operating system to rivals, prompting the company to complain about requests from Meta Platforms Inc. that it says will undermine privacy.
1 min
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