Financial Express Pune - January 10, 2025Add to Favorites

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January 10, 2025

Adani Group to Offload 20% Stake in Wilmar

FMCG player Adani Wilmar will see one of its promoter Adani Commodities LLP offload up to 20% stake in the company through an offer for sale (OFS), which will open on Friday.

1 min

Credit guarantee scheme for MSMEs soon: Official

FINANCIAL SERVICES SECRETARY M Nagaraju on Thursday said the government would soon launch a new credit guarantee scheme for the MSME sector covering loans up to ₹100 crore.

1 min

GAIL Increases Domestic Gas Allocation to IGL by 31%

STATE-OWNED GAIL INDIA has increased domestic gas allocation to Indraprastha Gas Ltd (IGL) by 31% with effect from January 16, increasing the share of domestic gas in the company's CNG (compressed natural gas) segment to 51% from 37% earlier, the company said on Thursday.

1 min

Double counting of SEZ transactions inflated gold import data

A NEW MECHANISM to make recording of export-import data more efficient led to the double counting of some of the gold that entered the country via special economic zones (SEZs), resulting in hugely inflated numbers for the month of November.

2 mins

BP partnership to raise ONGC revenue by $10.3 billion

STATE-OWNED OIL AND Natural Gas Corporation (ONGC) expects a $10.3 billion revenue boost from increased oil and gas production in the Mumbai High field in partnership with the UK's BP.

1 min

Organic item exports can be trebled in 3 yrs'

INDIA'S EXPORTS OF organic products can grow more than threefold in the next three years to ₹20,000 crore, commerce and industry minister Piyush Goyal said on Thursday.

1 min

UCC to be implemented in Uttarakhand in January, says CM

UTTARAKHAND CHIEF MINISTER Pushkar Singh Dhami on Thursday highlighted the various initiatives undertaken in the state, reaffirming the implementation of the Uniform Civil Code (UCC) in the 'Devbhoomi' this month.

2 mins

BSP spends ₹3.92 cr in Maha polls, rival SP ₹1.25 crore

The Bahujan Samaj Party spent as much as Rs 3.92 crore during the recently concluded Maharashtra Assembly elections including Rs 2.17 crore on the party's propaganda for its candidates.

1 min

Diaspora Has Become More Important: Jaishankar

EXTERNAL AFFAIRS MINISTER S Jaishankar on Thursday said the diaspora has become more important with each passing year as India strives to build a \"global workforce\".

1 min

Jupiter Intl to invest ₹6.5K cr on capacity expansion

JUPITER INTERNATIONAL, a manufacturer of photovoltaic solar cells and provider of solar power solutions, on Thursday said it will be investing ₹6,500 crore over the next three years in a bid to become a fully integrated solar manufacturer.

1 min

Emami rebrands Fair & Handsome in growth push

Betting On Male Grooming

2 mins

Legal action likely against Zomato, Swiggy for private labelling items

THE NATIONAL RESTAURANT Association of India (NRAI) on Thursday said it may take legal action against Zomato and Swiggy for private labelling of food items and selling them through their quick food delivery applications.

1 min

Instamart to get standalone app after launch of Snacc

Swiggy on Thursday announced its plans to launch a standalone mobile app for its quick commerce service Instamart.

1 min

Tech firms urge equitable allocation of 6 GHz band

SPECTRUM WARS

2 mins

TCS Headcount Dips, Attrition Rises Slightly

● IT giant on track to hire 40K this fiscal

1 min

Biswas' switch awaits Dunzo board nod

DUNZO CO-FOUNDER KABEER Biswas has informally agreed to join Flipkart to head its quick-commerce vertical Minutes, according to sources aware of the matter.

1 min

Novelis Plans to Raise $750 Million

US-BASED NOVELIS, which is part of Hindalco Industries, on Thursday said its indirect wholly-owned arm plans to raise $750 million through issuance of bonds.

1 min

Luxury vehicles' sales set record pace for Mercedes

SOME CARS ABOVE ₹1.5 CR SOLD OUT FOR NEXT THREE QUARTERS

2 mins

Board of Vodafone Idea Clears ₹1.9K-Cr Fundraise

VODAFONE IDEA on Thursday approved raising ₹1,909.95 crore from promoters Omega Telecom Holdings Private and Usha Martin Telematics via preferential allotment.

1 min

Indices Tumble Nearly 1%

BROAD-BASED SELLOFF

1 min

Credit market may see more volatility: Ind-Ra

Tough Days Ahead

1 min

Rupee NDF volume surges on arbitrage

The trading volume in dollar-rupee non-deliverable forwards (NDF) at India's offshore finance hub soared to a record high in December as banks and companies lapped up arbitrage opportunities amid a worsening outlook for the rupee.

1 min

Rupee closes flat after hitting low of 85.94 vs dollar

THE RUPEE ON Thursday ended flat after hitting a lifetime low of 85.94 against the dollar during intra-day trade.

1 min

High court clears way for Religare AGM, Burmans' open offer

THE MADHYA PRADESH High Court on Thursday lifted the stay on Religare Enterprises annual general meeting (AGM) as well as the Reserve Bank of India (RBI)'s approval for Burmans' open offer to acquire an additional 26% stake in the company.

1 min

Mutual funds end 2024 with record ₹3.9-lakh-cr inflows

• Quarter-end tax outflows hit debt funds; SIPs touch record ₹26,459 cr

2 mins

Make groundwater sustainable

BY SCALING UP EFFORTS, STATES CAN SAFEGUARD RESOURCES, ENHANCE AGRI-PRODUCTIVITY

4 mins

Time to turn to currency options

US equities are not a good bet at this point. This could turn into a blessing for the rupee, if investors turn their attention to other markets

3 mins

Start-up travails

Scaling up has seen many hurdles; sharp decline in seed-stage funding complicates things further

2 mins

US-China Tech Break-Up Is a Race to the Bottom

A messy, ongoing tech break-up between the US and China is forcing a rethink about what the industry might look like for consumers in a decoupled world.

3 mins

Cricket fatigue crimps WPL ad spending

● But IPL could change the plot with ad rates expected to increase

3 mins

Musk Held Talks on Ways to Oust UK's PM Before Polls: Report

BILLIONAIRE ELON MUSK has held private discussions with allies about removing British Prime Minister Keir Starmer from his position before the next general election, the Financial Times reported on Thursday.

1 min

Car sales maintain growth pace

CONSUMER PRICE INDEX ROSE 0.1% IN DEC FROM A YEAR EARLIER

2 mins

Biden to further limit Nvidia AI chip exports in final push

PRESIDENT JOE BIDEN'S administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.

1 min

Hush money: Court rejects Trump bid to delay sentencing

NEW YORK'S TOP court rejected on Thursday Donald Trump's request to halt the president-elect's sentencing for his conviction on criminal charges stemming from hush money paid to a porn star, with a decision on a possible delay now in the hands of the President-elect Donald Trump's request.

1 min

Hollywood Hills burn as big blaze engulfs LA

THE HOLLYWOOD HILLS blazed uncontrollably on Thursday morning as the worst wildfires in the history of Los Angeles raged across the city and deep into the storied heartland of the American film industry.

1 min

Apple exec leaves Jakarta

APPLE CLARIFIED ON Wednesday that it has never sold the data collected by its Siri voice assistant or used it to create marketing profiles, just days after settling a case in which it faced such accusations.

1 min

L&T chief for all work, no play; gets netizens all worked up

WHILE SOME ADVOCATE for increased productivity to drive economic growth, others argue that such demands are detrimental to mental health and quality of life.

1 min

TCS profit rises 4% in Q3

AMONG VERTICALS, ENERGY, resources and utilities grew by 3.4%, and consumer business gained 1.1%. The key segment - banking, financial services and insurance (BFSI) - reported a modest sequential growth of 0.9%, compared to 0.1% in Q2.

2 mins

Simplified Income Tax Law in Budget Session Likely

Similar attempts in the past to simplify the I-T law, most notable being the Direct Taxes Code drafted in 2009 by the UPA govt

1 min

Taliban Urges India to Ease Visa Process

First High-Level Meet

1 min

Premium online video market to double by 2028: Report

INDIA'S PREMIUM ONLINE video market, valued at $1.7 billion in 2023, is projected to nearly double by 2028, solidifying its position as one of the fastest-growing over-the-top (OTT) markets globally, according to the Asia Video Industry Report 2025.

1 min

Meta's fact-checking snub in US alarms India

As Meta announced the end of its third-party fact-check programme in the US, a move that is being seen as the company reorienting itself for the new Trump era, a palpable sense of panic has gripped fact-checkers in India.

1 min

RBI governor seeks to improve forecasting

Two of the sources Reuters spoke to said the RBI would look to increase datasets required to gauge trends in income and expenditure better.

1 min

Trump tariffs: Auto suppliers rethink production plans

Trump has vowed to impose a blanket tariff of 10% on global imports into the US and a 60% tariff on Chinese goods

1 min

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