Financial Express Lucknow - December 16, 2024Add to Favorites

Financial Express Lucknow - December 16, 2024Add to Favorites

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December 16, 2024

Hinduja: IIHL to wrap up RCap deal by January

INDUSIND INTERNATIONAL HOLDINGS Limited (IIHL) aims to complete the acquisition of Reliance Capital (RCap) by January 2025.

1 min

VCs double returns from public market exits to $4 billion

RIDING THE IPO BOOM

1 min

Full Budget funding for NHAI may continue for a decade

TOLL REVENUES TO SUFFICE FOR CAPEX NEEDS IN A FEW YEARS

Full Budget funding for NHAI may continue for a decade

2 mins

Capacity utilisation by steel companies falls to a four-year low

● Demand for higher import tariffs shows cost disadvantage

Capacity utilisation by steel companies falls to a four-year low

4 mins

Group insolvency rules likely part of Bill to amend IBC

● Need to address stressed asset interlinkages: Experts

2 mins

Crude import bill up 5% in Apr-Nov

INDIA'S CRUDE IMPORT bill increased 4.9% during the first eight months of the current fiscal 2024-25 to $91.7 billion against $87.4 billion in the same period in FY24, data from the Petroleum Planning and Analysis Cell showed.

1 min

India gained from the last Trump tariff war: Study

TO REAP BENEFITS

1 min

Open global trade only way to feed world: WTO

GLOBAL POVERTY WILL increase if the world doesn't work to maintain a stable and open trading system, World Trade Organisation (WTO) director general Ngozi Okonjo-Iweala said.

1 min

ABC to pay $15 mn to settle defamation suit by Trump

ABC NEWS is set to pay $15 million to settle a defamation lawsuit brought by Donald Trump.

1 min

Cyclone Chido slams Mayotte, at least 11 dead

AT LEAST 11 people have died after Cyclone Chido caused devastating damage in the French territory of Mayotte in the Indian Ocean, France's interior ministry said Sunday.

1 min

S Korea's acting prez calms markets, reassures allies

SOUTH KOREA'S ACTING president, Han Duck-soo, moved on Sunday to reassure the country's allies and calm financial markets a day after President Yoon Suk Yeol was impeached and suspended from his duties over a martial law attempt.

1 min

Airlines' need to diversify their revenues hit by slim margins: IATA's Thomsen

AIRLINES ARE PRICE takers as they do not have an influence on the prices they pay, IATA chief economist Marie Owens Thomsen has said, adding that the need to diversify revenues is complicated by slim profit margins and weak balance sheets.

1 min

Myntra's in vogue with M-Now

QUICK COMMERCE WILL HELP THE PLATFORM ADD CONSUMERS

Myntra's in vogue with M-Now

4 mins

Jet's liquidation may take off with auctioned planes

AFTER A DELAY of more than two years, three Boeing 777s, formerly owned by Jet Airways and lying at the Mumbai airport, may finally be transferred to Malta-based Challenge Group.

Jet's liquidation may take off with auctioned planes

2 mins

Traveltech startups taking to acquisitions to drive growth

TRAVELTECH STARTUPS LIKE Oyo, ixigo, EaseMyTrip are driving growth through a surge in acquisitions, targeting market expansion, customer reach and enhanced capabilities, given the post-pandemic travel boom.

1 min

Confident of meeting sales guidance for FY25'

Bengaluru-based Prestige Estates Projects plans to launch multiple projects in Bengaluru, Hyderabad, Mumbai, among others, comprising a total area of 53 million sqft with total sales value of ₹52,114 crore by March 2025. In an interview, its chairman and managing director Irfan Razack tells Raghavendra Kamath about the company's plans and strategy.

1 min

Nissan's India turnaround plans intact

JAPANESE AUTO MAJOR Nissan's plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official.

1 min

Dark store tech startups see a glimmer of profit

WAREIQ supports more than 400 brands, including Technosport and Lotus Herbals, with same-day and next-day delivery via shared warehouses.

Dark store tech startups see a glimmer of profit

1 min

Dixon, Vivo India tie up to make smartphones

The proposed JV will undertake part of Vivo's OEM orders of smartphones in India

1 min

Pharma, FMCG, oil and gas lead hiring for AI/ML roles

JOIN AUTOMOBILE, BFSI SECTORS IN THE RACE TO ACQUIRE TALENT

2 mins

IIHL to wrap up RCap deal by Jan 2025, say Hindujas

An additional amount by way of debt of ₹3,000 crore has already been raised and kept in a separate account, pending closure of certain activities.

1 min

Nifty breaks out, set to soar higher

FRIDAY THE 13TH turned out to be an eventful day for the Nifty. It initially plunged 368 points during late morning trade but rebounded strongly to close with a gain of 220 points, or 0.89%.

Nifty breaks out, set to soar higher

2 mins

Sebi eases listing & disclosure rules for public companies

THE SECURITIES AND Exchange Board of India (Sebi) has notified a slew of amendments aimed at easing the listing obligations and disclosure requirements for public companies, effective from December 12.

1 min

India Inc raises record ₹1.21 L-Cr via QIPs till Nov

Fundraising through Qualified Institutional Placements (QIPs) reached an all-time high in 2024, surpassing the ₹1 lakh crore-mark for the first time ever in a calendar year, fuelled by strong stock market conditions and higher valuations.

India Inc raises record ₹1.21 L-Cr via QIPs till Nov

1 min

RBI intervention ensures rupee stability

THE RUPEE HIT new lows in CY24 but outperformed most Asian currencies, thanks to timely interventions by the Reserve Bank of India (RBI).

2 mins

How will we assess the PARAKH

Only if it can integrate assessment standards of India's 69 school boards

How will we assess the PARAKH

2 mins

NPS: Annuity plan without return of purchase price maximises payout

● Go for joint life plan if you have dependent spouse

NPS: Annuity plan without return of purchase price maximises payout

2 mins

B-school admission depends on IQ, soft skills

Even as the Indian School of Business (ISB) has started taking freshers - it previously used to have programmes only for working professionals - the role of admissions consulting organisations such as ISB Mantra won't change.

B-school admission depends on IQ, soft skills

2 mins

Claim denied? You may be at fault too

Withholding crucial details can lead to rejections

Claim denied? You may be at fault too

2 mins

Rationalised GST rates key for jobs and growth

While reforming GST, the Centre should remember that rate changes must boost public revenue while enabling businesses to invest and create jobs

Rationalised GST rates key for jobs and growth

3 mins

Saudi-backed LIV Golf forcing PGA to pay players fairly

For nearly four years, the world's two most prominent professional golf tours battled over players, the moral high ground and outright survival. Now, the feud appears to be ending.

Saudi-backed LIV Golf forcing PGA to pay players fairly

3 mins

Slow-moving zero

Sebi needs to hasten slowly on T+0 as stakeholders are yet to be convinced

2 mins

Defining UPSI

SEBI'S PROPOSED CHANGES TO DEFINITIONS OF PRICE-SENSITIVE INFORMATION HAS MERITS AND DEMERITS

Defining UPSI

4 mins

Uniqlo takes a contra bet in fashion

● Japanese retailer stays clear of path taken by Zara, H&M

Uniqlo takes a contra bet in fashion

3 mins

The race isn't over yet

● Can the new Dzire and Amaze rev up a slowing market?

The race isn't over yet

2 mins

● Exploring wavy roads of north Goa in the new Amaze with the president & CEO of Honda Cars India

THE HONDA STORY has been as much of successes as of missed opportunities.

1 min

A car fest along the lines of IBW

Will be held on Feb 22-23 in Aamby Valley, Lonavala

A car fest along the lines of IBW

1 min

From a rollercoaster ride to the calmness of the ocean

The new Amaze (petrol, with CVT and MT gearbox) was launched on December 4, priced ₹7.99 lakh to ₹10.89 lakh

From a rollercoaster ride to the calmness of the ocean

2 mins

Bridging language divide in Gen AI

● LLMs enable multi-language communication

Bridging language divide in Gen AI

2 mins

'We use technology as a force for good'

As IBM's first chief impact officer, Justina Nixon-Saintil drives the company's strategic alignment with business goals and ESG considerations.

'We use technology as a force for good'

3 mins

Wireless audio for your music, movies and games

● These earbuds offer a snug fit and strong battery

2 mins

Pricey, but a good choice for content creators

● It takes photos and videos that rival digital cameras

2 mins

39 ministers join Fadnavis government

THE MUCH-AWAITED CABINET expansion of the Devendra Fadnavis-led government in Maharashtra took place on Sunday with 39 ministers taking oath at a function in Nagpur.

1 min

Delhi Assembly polls: Kejriwal to contest from New Delhi

AAP releases 4th list of candidates for elections

2 mins

Do not criticise EVMs when results not in favour: Omar

OPENING ANOTHER POINT of friction with an important ally, Jammu and Kashmir Chief Minister Omar Abdullah has dismissed the Congress party's vehement objection to Electronic Voting Machines, and echoed the BJP's defence - you can't accept election results when you win, and blame EVMs when you lose.

1 min

Delhi govt plans to set up AI labs in schools

THE DELHI GOVERNMENT has announced plans to set up Artificial Intelligence (AI) Labs in select schools under its jurisdiction to foster advanced technological learning and innovation among students.

1 min

Tabla maestro Zakir Hussain critical after heart ailment

TABLA MAESTRO ZAKIR Hussain has been admitted to the ICU of a San Francisco hospital with heart-related problems, his friend and flautist Rakesh Chaurasia said on Sunday.

Tabla maestro Zakir Hussain critical after heart ailment

1 min

Raj Kapoor's anniversary celebrated in Pakistan

PAKISTANI CULTURAL ENTHUSIASTS and film lovers gathered at the iconic Kapoor House in Peshawar on Saturday to celebrate the 100th birth anniversary of legendary Bollywood filmmaker and actor Raj Kapoor.

1 min

Decoding the rise of Tollywood in North India

SOUTH RULES THE ROOST

3 mins

Can't tax upper middle class more, says Piketty

DESCRIBING INDIA'S DECISION to impose a wealth tax way back in 1957 as trying \"to do too much too fast\", French economist Thomas Piketty, regarded most for his passionate advocacy of taxing the wealth of billionaires to reduce inequalities, says there's no way the government can increase tax on the upper middle class and middle Indian entrepreneurs unless it demonstrates people at the top pay a higher tax rate.

2 mins

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