Financial Express Lucknow - December 25, 2024Add to Favorites

Financial Express Lucknow - December 25, 2024Add to Favorites

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In dieser Angelegenheit

December 25, 2024

Rabi sowing a tad below last year's level; oilseed cultivation down 5.5%

WITH JUST A few weeks left for the rabi season to be over, sowing of winter crops such as wheat, pulses, oilseeds, and coarse cereals has been a tad below last year's level so far as the area under oilseeds have declined.

1 min

Unincorporated sector generates 11 mn jobs

SMALL FIRMS MAKE BIG CONTRIBUTION

2 mins

Mining sector gets a leg-up, import reliance down

INDIA'S MINING INDUSTRY took a long stride this year supported by government policies in the critical minerals mining as it intends to boost domestic production, reducing dependency on imports and helping in realising the renewable energy targets.

3 mins

Exporters draw up plans to raise share in US market

IN ANTICIPATION OF the U.S. going ahead with higher tariffs on Chinese imports, the Federation of Indian Export Organisations (FIEO) has formulated a strategy to raise its share in the US market.

1 min

Duty-free import of yellow peas till Feb

The government on Tuesday extended duty-free import of yellow peas, used as a substitute for chana, for two more months till the end of February, with the aim to curb prices of the key pulses variety.

1 min

Laptop import nods may be tied to capacity growth

Boosting Domestic Manufacturing

1 min

Happiest Minds sees slower FY25 revenue growth

HAPPIEST MINDS TECHNOLOGIES anticipates its revenue growth for fiscal 2025 to be at the lower end of the guided range of 30-35%, Venkatraman Narayanan, managing director and CFO of the company said.

1 min

inDrive eyes last-mile delivery

● Plans to leverage logistics expertise

1 min

Gift voucher: Clarity on GST spurs optimism

THE GST COUNCIL'S decision to exempt gift vouchers from indirect taxation has brought much-needed clarity to the retail and corporate sectors, with industry leaders lauding it as a significant step forward.

1 min

Coforge working on 30 GenAI use cases in insurance, 10 live

IT SERVICES COMPANY Coforge is actively working on over 30 generative AI (GenAI) use cases within its insurance vertical, with 10 already in production.

1 min

IndiQube files draft papers for ₹850-cr IPO

BENGALURU-BASED INDIQUBE, which provides co-working and managed office spaces, has filed its draft papers with the regulator for an initial public offering to raise ₹850 crore.

1 min

Logistics leasing to hit 50 mn sq ft

LOGISTICS & INDUSTRIAL (L&I) real estate leasing volume for 2024 is expected to reach 50-53 million square feet (MSF), marking the third consecutive year with leasing volume exceeding 50 million sq ft, according to a report by property consultant Cushman & Wakefield.

2 mins

Emerging tech sectors stake claim on 600 MHz spectrum

● Allocation should not be beyond a point, say telcos

2 mins

SaaS firm LeadSquared looks to turn profitable by FY26

LEADSQUARED, a Bengaluru-based SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector.

1 min

Ola enters grocery delivery biz again

THIRD TRY

1 min

Rise in active mobile users indicates tariff hike absorption

THE INDUSTRY-WIDE addition of 6.8 million active users in October 2024 suggests that the industry has more or less absorbed the tariff hikes taken in July this year, experts said, analysing the latest telecom subscriber data released by the Telecom Regulatory Authority of India (Trai).

1 min

Swiggy targets 100K female delivery partners by 2030

Swiggy plans to have at least 100,000 female delivery partners by 2030, according to company MD and group CEO Sriharsha Majety.

1 min

Cashify eyes growth with D2C play

REFURBISHED ELECTRONICS SELLER Cashify has rejigged its business model to focus on selling directly to consumers through its physical stores and website, rather than selling to merchants, to improve margins and turn profitable in the next few months.

1 min

'Crop, motor, health and commercial to equally contribute to portfolio by FY26'

Universal Sompo General Insurance, known for its focus on motor and crop insurance, is setting its sights on expanding its health and commercial lines portfolio. In an interaction with Narayanan V, managing director and CEO Sharad Mathur shares the strategic rationale behind this diversification. Excerpts:

2 mins

Deposit mobilisation, rate cut key challenges: Indian Bank MD

THE BANKING INDUSTRY will continue to struggle with deposit mobilisation, maintaining a healthy current account savings account (CASA) ratio and a possible fall in net interest income after reduction in policy rates, said Shanti Lal Jain, MD and CEO of Indian Bank.

2 mins

Rupee hits record closing low for 6th straight session

FREE FALL CONTINUES

1 min

Tata Capital listing hopes drive shares of group companies

● At ₹900 a share, the unlisted market is valuing the company at ₹3.5 lakh crore

2 mins

Tata Capital listing hopes drive shares of group companies

● At ₹900 a share, the unlisted market is valuing the company at ₹3.5 lakh crore

2 mins

Lokpal calls Sebi chief, complainants for 'oral hearing' on January 28

ANTI-CORRUPTION OMBUDSMAN LOKPAL has called Sebi chief Madhabi Puri Buch and also complainants, including TMC MP Mahua Moitra, for \"oral hearing\" next month in connection with corruption complaints being heard by it, alleging impropriety and conflict of interest on the basis of a Hindenburg Research report, according to an official order.

1 min

China mulls $411-bn special treasury bonds in 2025

CHINESE AUTHORITIES HAVE agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy.

2 mins

Moody's: Honda-Nissan deal is credit positive

THE PROPOSED BUSINESS integration of Honda Motor and Nissan Motor is positive overall for the credit quality of the two Japanese automakers, but it carries risks especially for Honda, according to Moody's Ratings.

1 min

Microsoft looks to add non-OpenAI models into 365 Copilot

MICROSOFT HAS BEEN working on adding internal and third-party artificial intelligence models to power its flagship AI product Microsoft 365 Copilot, in a bid to diversify from the current underlying technology from OpenAI and reduce costs, sources familiar with the effort told Reuters.

1 min

Biden to decide on takeover of US Steel

NIPPON STEEL'S PROPOSED $12.3 billion acquisition of US Steel moved a step closer to being blocked after a US national security panel deadlocked on its review and left the final decision with President Joe Biden, who has repeatedly indicated his opposition to the deal.

1 min

Honda-Nissan merger requires time

HONDA AND NISSAN expect big benefits from their potential merger to create the world's third-largest auto group, but intense competition from China raises questions about whether they can make it work in time.

1 min

The Trump dump

YOU CAN'T BULLY THE MARKET, CERTAINLY NOT WHEN YOU HAVE THE DEEPEST AND MOST LIQUID MARKET

3 mins

Gloom or green shoots? Europe's year ahead

AFTER COVID-19 AND Russia's invasion of Ukraine, is Europe about to get its next existential shock in the shape of Donald Trump?

3 mins

Building rural resilience

Shift in rural incomes, with reduced dependence on pure cultivation, is an encouraging trend that helps pull out excess and disguised labour from the sector

4 mins

Downward drift

RBI, which has been intervening in currency markets to prevent a sharp fall in the rupee, must reassess its stance

2 mins

'Buying jewellery today is akin to fine dining—it's thoughtful & deliberate'

\"The timing is perfect,\" says Sandeep Kohli, CEO of Indriya, arguing against any suggestion of being a late entrant in the jewellery market.

3 mins

Road to relevance

How to craft a brand strategy that stands the test of time

1 min

IOC to invest ₹61K cr for Odisha project

STATE-OWNED INDIAN Oil Corporation Ltd (IOCL) will invest ₹61,000 crore to set up a naphtha cracker project at Paradip in Odisha, a statement said on Tuesday.

1 min

18% GST on used EV to be paid on seller's margin

A REGISTERED PERSON will have to pay an 18% Goods and Services Tax (GST) on sale of old and used vehicle only if the seller has earned a margin, which is if the selling price is higher than the depreciation adjusted cost price of the vehicle, official sources said.

1 min

Uniting for greater good

COLLABORATIVE PHILANTHROPY IS not a new idea. History has many examples of communities coming together for the common good.

4 mins

Local satellites push draws 30 aspirants

The applicants for INSPACe's latest effort in this regard include startups such as Google-backed Pixxel and Baring Private Equity-backed SatSure, as well as larger entities like Tata Group's Tata Advanced Systems.

1 min

₹2-cr fine on Deloitte Haskins for Zee audit

In September 2018, the chairman of ZEEL, who is also the promoter of Essel Group of Companies, issued a letter to Yes Bank, and committed ₹200 crore of fixed deposit (FD) of ZEEL as a guarantee for the loans given by the bank to group company Essel Green Mobility.

1 min

EAM in US to boost bilateral ties

IN WHAT IS expected to be the first high-level contact between the incoming Trump 2.0 administration and the Indian government in its third term, external affairs Minister S Jaishankar is likely to meet the new Trump team in the US.

1 min

Labour-intensive exports: Gains likely to be short-lived

India's textile export growth is likely to be short-lived despite a recent surge, driven by factors such as a volatile rupee and instability in neighboring Bangladesh. While this presents opportunities, long-term gains require competitiveness and product diversification.

2 mins

Economists for FTAs, land & labour reforms

RCEP was signed by the group of countries in November 2020 except India.

1 min

Walking into a minefield

Even though she made a very strong pitch that funds will move away from the regulated markets towards crypto and similar assets, if bourses don't move towards instantaneous settlement, neither brokers, nor the exchanges made a real effort to back her.

1 min

A middle-class meltdown

Economic shift, stagnating real income post Covid weigh on spending on daily items

3 mins

Net gains: Secured Virat, cautious Rohit gear up

INDIA GOT A chance to bat in the nets on fresher pitches on Tuesday, their last day of training as Christmas day is a rest day for them.

1 min

Champions Trophy: India to play Pakistan on Feb 23

INDIA WILL PLAY all their matches of the Champions Trophy in Dubai with the marquee clash against arch-rivals Pakistan scheduled on February 23, the International Cricket Council (ICC) announced on Tuesday.

1 min

Shyam Benegal cremated with full state honours

Veteran filmmaker Shyam Benegal, a pioneer of India’s parallel cinema movement, was cremated with full state honors on Tuesday.

1 min

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