Financial Express Kochi - January 02, 2025
Financial Express Kochi - January 02, 2025
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January 02, 2025
Two crop insurance schemes to run till FY26
THE UNION CABINET on Wednesday extended two crop insurance schemes — the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) — by one more year till 2025-26 to align their implementation with the 15th Finance Commission period.
3 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
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
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
FY25 Tobacco Exports to Top ₹13,000 Cr
Higher yields & prices drive growth; no increase in area under tobacco cultivation
2 mins
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
Audit finds no security review done in a long time
2 mins
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
AI first airline to roll out Wi-Fi on domestic fleet
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
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
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
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
Zoomcar eyes expansion for newly launched cab service
Piloting Chauffeur-Driven Cabs
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
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
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
Indices Begin 2025 on a High
FPIs Continue Selling Spree
2 mins
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
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
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
Russia and Ukraine cease five decades of gas transit to EU
Ukraine to give up long-held strategic position
2 mins
Israeli forces strike Gaza city suburb
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.
2 mins
Begins 2-year non-permanent UNSC tenure
PATH TOWARDS ECONOMIC RECOVERY
1 min
Pakistan's inflation hits 81-month low of 4.1% in Dec
Path Towards Economic Recovery
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
No cause for alarm
Slower loan growth should help lower liabilities and boost household savings
2 mins
The future of algo trading
SEBI PROPOSAL SEEKS TO STRIKE A BALANCE BETWEEN REGULATORY CONCERNS AND INTERESTS OF STAKEHOLDERS
4 mins
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
2 mins
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
1 min
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
Dec GST Mop-up at ₹1.77 lakh cr
MS MANI, PARTNER, Deloitte India said the significant increase in both domestic and export refunds indicates that the overall refund framework is now stable and its implementation on a sound footing.
1 min
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
Data protection rules get home ministry's nod
THE RULES WILL also detail specific provisions, such as consent management for minors and exemptions for certain entities or contexts.
1 min
Regulation, deals, crypto: Fintech themes for 2025
INDUSTRY INSIDERS OPTIMISTIC THAT THE TIDE WILL TURN
3 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
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Verlag: The Indian Express Ltd.
Kategorie: Newspaper
Sprache: English
Häufigkeit: Daily
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