Financial Express Hyderabad - January 07, 2025Add to Favorites

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In dieser Angelegenheit

January 07, 2025

5 Infants Test Positive for HMPV in Gujarat, Karnataka, TN

FIVE INFANTS TESTED positive for the Human Metapneumovirus (HMPV) in Karnataka, Tamil Nadu, and Gujarat on Monday, the first reported cases of the virus in India.

1 min

PM Inaugurates Railway Projects in J&K, Odisha

PRIME MINISTER NARENDRA Modi on Monday inaugurated virtually a slew of railway projects, including the Jammu railway division, the Charla-palli terminal station in Telangana, besides laying the foundation for the Rayagada railway division building in Odisha under the East Coast Railway.

1 min

Don't hire illegal Bangladeshi migrants as cheap labour, says Assam CM

Assam chief minister Himanta Biswa Sarma said on Monday that industrialists have a national duty to not hire illegal Bangladeshi migrants as cheap labor.

1 min

Roll out wage & social security codes: Unions

Raising exemption limit on home loan interest to ₹5 lakh from ₹2L suggested

2 mins

IIFCL Should Lend ₹1 Lakh Crore in 3 Years: Nagaraju

INDIA INFRASTRUCTURE FINANCE Company (IIFCL) may set an ambitious goal of extending loans of ₹1 lakh crore to the infrastructure sector in the next three years, financial services secretary M Nagaraju said on Monday.

1 min

As fees stagnate, audit firms struggle to retain talent

Just 10% nominal rise in income over five years, real income growth negative

2 mins

Don't Hire Illegal Bangladeshi Migrants as Cheap Labour, Says Assam CM

INDUSTRIALISTS HAVE TO look beyond \"cheap labour\", and perform a \"national duty\" by not giving any jobs to illegal Bangladeshi migrants,

1 min

Govt Eases Conditions for Specialty Steel PLI

The government on Monday relaxed conditions of the production-linked incentive (PLI) scheme for specialty steel and reopened the application window for companies to attract investments in product categories that saw no or low participation in the first round.

1 min

Investments by central agencies & CPSEs decline 10% in Apr-Nov

INVESTMENTS BY CENTRAL government agencies and central public sector enterprises (CPSEs) fell 10% on year to ₹4.41 lakh crore in April-November of the current financial year as the railways and the National Highways Authority of India (NHAI) were yet to regain the capex pace after election-induced slowdown.

1 min

Services PMI rises to 4-month high in Dec

DEMAND BUOYANCY CONTINUED to drive new business inflows higher during December, which in turn supported output growth and prompted firms to recruit additional workers.

1 min

Funding in space industry declines 55% to $59.1 mn

FUNDING IN SPACE sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn.

1 min

Isro to dock SpaDeX satellites on January 9

ISRO ON MONDAY said the docking experiment of SpaDeX satellites scheduled for January 7 is now postponed to January 9.

1 min

Govt Mulls Hallmarking for Silver Jewellery

FOOD AND CONSUMER Affairs Minister Pralhad Joshi on Monday asked the Bureau of Indian Standards (BIS) to consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands.

1 min

Festive boost to Titan biz growth in Dec qtr

TITAN'S STANDALONE BUSINESS registered a 24% year-on-year growth, the Tata Group company said on Monday while providing an update for the December 2024 quarter.

1 min

Will not rush in bringing Digital India Act

The rules to implement Digital Personal Data Protection (DPDP) Act was released last week for stakeholder consultation.

3 mins

Nxtra, Bizongo lead emerging unicorns

FIVE INDIA STARTUPS VALUED AT OVER $900 MN

1 min

SC transfers Amazon, Flipkart's plea against CCI to Karnataka HC

THE SUPREME COURT on Monday transferred to Karnataka High Court petitions of Amazon and Flipkart, challenging a Competition Commission of India (CCI) order for a probe into the e-commerce giants for alleged malpractices.

1 min

Residual benefit of tariff hikes to boost telcos' Arpu in Q3

THE IMPACT OF the recent tariff hikes will continue to boost average revenue per user (Arpu) of telecom operators - Reliance Jio, Bharti Airtel and Vodafone Idea - in the October-December quarter.

1 min

Lodha pre-sales soar to record ₹4,510 cr in Q3

MUMBAI-BASED REAL ESTATE developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of ₹4,510 crore, showing 32% year-on-year (y-o-y) growth in Q3FY25.

1 min

Former executives at OYO, upGrad launch mobility platform

MAYANK KUMAR, FORMER CEO of upGrad, and Ayush Mathur, a former senior leader at OYO, have launched a new mobility platform for blue-collar workers called BorderPlus.

1 min

RIL arm launches Raskik Gluco Energy drink, adding fizz to hydration market

● Beverage to rival Tata Consumer, Dabur products

1 min

Adani Group lines up petchem foray

Adani Petrochem and Thailand's Indorama will hold 50% stake each in the JV

1 min

D2C firm Frido set to be ₹200-cr brand

ARCATRON MOBILITY'S DIRECT-TO-CONSUMER (D2C) arm Frido is on track to become a ₹200-crore brand.

1 min

Auto ancillary firms aim US push with Trump's policies

TRUMP TAILWIND

1 min

Sterlite Grid 32 gets over ₹2,400 cr via listed NCDs

FUNDS TO BE USED TO REFINANCE MUMBAI PROJECT

1 min

ITC Ends in the Red on Hotel Biz Demerger

Optimism Prevails

2 mins

RBI Should Ease Its Tight Grip on Rupee, Says Viral Acharya

FORMER RESERVE BANK of India deputy governor Viral Acharya said the central bank should ease its tight grip on the rupee, a view that comes amid uncertainties over whether the new governor will maintain his predecessor's policy of limiting currency swings.

1 min

Rupee at lifetime low as equities slide; tilt bearish

THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.

1 min

Bank shares plunge up to 8% amid weak business updates

Historically, the third quarter is not a great one for banks

1 min

PSBs turn net sellers of govt securities

STATE-OWNED BANKS HAVE turned net sellers of government bonds (G-Secs) amid a widening liquidity deficit, said traders.

1 min

Sebi Relaxes Settlement Norms for Dormant Accounts

SEBI ON MONDAY said it has eased norms for the settlement of client funds in trading accounts that have remained inactive for 30 days.

1 min

PSBs' share in 'fair value' investments declines, private banks report gains

STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.

1 min

Nippon, US Steel File Suit After Biden Blocks $15 Billion Deal

NIPPON STEEL and US Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based US Steel and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.

1 min

Trudeau steps down as Canada PM

Canadian Prime Minister Justin Trudeau announced on Monday that he will step down as leader of the ruling Liberals after nine years in office but will stay on in his post until the party chooses a replacement.

1 min

Netflix, WWE aim to fuel wrestling worldwide

NETFLIX'S NEXT VENTURE into live programming starts Monday when the company streams its first episode of \"Raw,\" the weekly World Wrestling Entertainment spectacle that has been a staple of U.S. television for three decades.

1 min

Donald Trump denies he will pare back tariffs plan

President-elect Donald Trump denied a Washington Post report that his aides are considering narrowing his tariff plan so that it would only apply to limited specific critical imports.

1 min

Pope Names 1st Woman to Head Major Vatican Office

POPE FRANCIS ON Monday named the first woman to head a major Vatican office, appointing an Italian nun, Sister Simona Brambilla, to become prefect of the department responsible for all the Catholic Church's religious orders.

1 min

Trump Haunts Central Banks Primed for Wary Rate Cuts in 2025

GLOBAL CENTRAL BANKERS are poised to cut borrowing costs further in 2025, but only warily—and with a keen eye on the policies of incoming US President Donald Trump.

1 min

Weak drivers

Budget should have measures to resuscitate the middle class

2 mins

Judicial Overreach Unwarranted

High court order staying Religare Enterprises AGM risks undermining shareholder rights, regulatory authority, and market confidence

3 mins

In search of a growth driver

DIFFICULT TO IDENTIFY A SECTOR THAT HAS POTENTIAL TO LIFT ECONOMY TO A HIGHER TRAJECTORY

4 mins

Banks: Slower loan growth a worry

Asset quality concerns ease

2 mins

Cautious outlook for auto companies in Q3

No segment shows growth except tractors

1 min

SBI Cards: Credit costs to improve

Management strengthens risk assessment measures

2 mins

Banks, NBFCs See Hit to...

THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.

1 min

D-Street catches flu

HEADWINDS FOR MARKETS

1 min

Eight jawans among 9 killed in Naxal attack

IN THEIR BIGGEST strike on security forces in Chhattisgarh in two years, Naxals blew up a vehicle using an improvised explosive device weighing 60 to 70 kg, killing eight security personnel and their civilian driver in Bijapur district on Monday, police said.

1 min

Q-comm boost to gig worker hiring in 2025

THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.

1 min

Dam over Brahmaputra not to impact water flows to India

CHINA ON MONDAY reiterated its plan to build the world's biggest dam over the Brahmaputra River in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries -- India and Bangladesh.

1 min

Top IITs See a Drop in Campus Placements

● More students likely getting jobs independently

2 mins

ICC explores two-tier Test cricket system

ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points

1 min

US set to lift curbs on Indian nuclear entities

THE US GOVERNMENT is in the process of removing restrictions on Indian nuclear entities, its national security adviser (NSA) Jake Sullivan said on Monday, in a bid to forge deeper energy ties with New Delhi and bolster a 20-year-old landmark nuclear deal.

1 min

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