Financial Express Ahmedabad - December 28, 2024Add to Favorites

Financial Express Ahmedabad - December 28, 2024Add to Favorites

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December 28, 2024

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

1 min

CAD shrinks to 1.2% in Q2 on high service exports

Deficit may widen to 2.5-2.7% in Q3, say experts

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.

1 min

Singh Has Kept a Great Legacy Behind

I first met Dr Manmohan Singh when he was teaching us in 1971.

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.

4 mins

Jaishankar, Blinken Review Advancement of US-India Partnership

EXTERNAL AFFAIRS MINISTER S. Jaishankar met US Secretary of State Antony Blinken and reviewed the advancement of the US-India partnership over the last four years.

1 min

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.

1 min

PM CARES Fund receives ₹912 cr as donation in FY23

THE PRIME MINISTER'S Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) received ₹912 crore in contributions during FY23 as donations continued to pour in even after the Covid pandemic.

2 mins

ED officer on the run with cash-laden car: CBI on hunt

AN ENFORCEMENT DIRECTORATE (ED) officer posted in Shimla is on the run as the CBI conducted searches at locations linked to him and recovered a large amount of money, including ₹54 lakh that he had allegedly accepted as a bribe, CBI officials said.

1 min

A Reformer Who Punched Above His Political Weight

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

2 mins

History will remember him with gratitude

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

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.

2 mins

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

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

2 mins

5 States Constitute Half of All Digital Fraud Attempts

About 46% of the total digital fraud attempts were concentrated in just 5 states — Uttar Pradesh, Maharashtra, Rajasthan, Telangana, and West Bengal, according to a study by IDfy. The findings are based on 5.7 million video KYC verifications across India.

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

Will 2025 ring in significant turnaround for Voda Idea?

Challenges persist, but it's in a better position to compete

2 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.

1 min

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.

3 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.

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%.

3 mins

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

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.

2 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.

3 mins

A truly great son of India

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

4 mins

Is this the end of legacy automakers?

Strategic response to manage changing industry structure

2 mins

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

from large banks like SBI, HDFC, and ICICI Bank. You will need to submit identity papers including passport, work visa details, income details, overseas address proof, salary bank account statement, income tax files history of last three years in India and Canada. The home loan sanction may also be done without visiting India.

1 min

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

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

1 min

Bond yields inch higher

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.

1 min

At ₹29 lakh cr, India Inc's coffers full

Dividend and buyback for BSE 500 index constituents over the past five years

1 min

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

THE RESERVE BANK of India (RBI) on Friday allowed prepaid payment instrument (PPI) holders to make and receive UPI payments through third-party mobile applications.

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.

1 min

RBI infuses over ₹2L-cr liquidity via two VRR auctions

Tackling Higher Deficit

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.

2 mins

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.

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.

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.

1 min

Japan's Cabinet gives nod to record budget

PLAN MARKS 2.6% HIKE FROM THE CURRENT YEAR

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.

1 min

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.

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

Jewellery units lose sheen on weak Rupee

THE DEMAND IN east Asia, however, has been tepid.

1 min

UltraTech to buy stake in Star Cement

BOTH THE PLAYERS are snapping up small cement players to consolidate their positions and achieve their targeted growth ahead of time.

1 min

Byju Raveendran: From boom to bust

BY EARLY 2024, these issues culminated in severe consequences.

1 min

IIFL Home Finance expects 15% AUM growth in FY25

NET INTEREST MARGIN MAY GO DOWN BY 10-20 BASIS POINTS

2 mins

South steals the spotlight

Hits from Hindi film industry in post-Covid era have been fewer and far between

3 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

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KategorieNewspaper

SpracheEnglish

HäufigkeitDaily

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