Financial Express Mumbai - December 03, 2024
Financial Express Mumbai - December 03, 2024
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December 03, 2024
Govt's FY25 capex may miss target by up to 9%
WITH THE SPENDING capacity of government departments and agencies already overstretched, the Centre's capital expenditure will likely fall short of the annual target of ₹11.11 lakh crore by up to ₹60,000 crore-₹1 lakh crore, sources told FE.
2 mins
JSW readies own EV brand
JSW Group, which had entered into a joint venture with China's largest automaker SAIC Motor earlier this year to manufacture and retail MG Motor's electric vehicles (EVs), is now gearing up to launch its own EV brand.
1 min
SFIO search ops at Hero Electric, 2 other EV firms
The Serious Fraud Investigation Office (SFIO) on Monday conducted search operations on the premises of three electric vehicle (EV) manufacturers - Hero Electric, Benling India and Okinawa Autotech.
1 min
Windfall tax on oil scrapped
The government on Monday scrapped the windfall tax on domestic production of crude oil and exports of petrol, diesel and aviation turbine fuel (ATF), effective immediately.
1 min
GoM wants 35% GST on tobacco, aerated drinks
The Group of Ministers (GoM) on the goods and services tax (GST) rate rationalisation has proposed a 'special rate' of 35% on several sin items such as tobacco, tobacco products and aerated beverages, sharply increasing the tax incidence on these products.
2 mins
Insurance cost will come down if GST is reduced: Sitharaman
The cost of health and life insurance policies to policyholders is expected to come down if the Goods and Services Tax (GST) Council recommends a reduction in the tax rate, finance minister Nirmala Sitharaman informed Parliament on Monday.
1 min
Coal output up 35% in Apr-Nov
COAL PRODUCTION FROM captive and commercial mines rose 34.7% to 112.65 million tonne in the April-November period of the ongoing financial year.
1 min
Customs duty overhaul likely in FY26 Budget
Inverted duty may be rectified; relief for more than 100 items
2 mins
Trump tariffs: Govt to review India-US trade ties this week
OFFICIALS SAY NO IRRITANTS IN RELATIONS, DRASTIC ACTIONS BY US UNLIKELY
2 mins
Internship scheme: B-schools roped in
THE GOVERNMENT HAS tied up with Indian Institute of Management (IIM)-Bangalore, Delhi School of Economics and Symbiosis Institute of Business Management to initiate a survey for gathering feedback from various stakeholders and analyse the impact of the PM Internship Scheme, whose implementation has been deferred by the ministry of corporate affairs (MCA).
1 min
Manufacturing PMI at 11-month low
PRICE PRESSURE
1 min
Rabi sowing picks up pace, rises 4%
SOWING OF RABI or winter crops such as wheat, pulses, oilseeds and coarse cereals continues to gather pace across the country on robust soil moisture due to surplus monsoon rainfall and higher prices.
1 min
Home price index rises 4.3% amid high rates: RBI
HOME PRICES ARE on the rise in India despite high interest rates in the banking system and inflation.
1 min
'Designed in India' 5G chip facing financial crunch
A FIRST OF its kind 'designed in India' 5G and Internet of Things (IoT) chip, which has been allocated funding of close to ₹45 crore by the Indian government, is facing mass production issues owing to a lack of funds, and an inability to draw commercial orders.
1 min
Rabi sowing picks up pace, rises 4%
SOWING OF RABI or winter crops such as wheat, pulses, oilseeds and coarse cereals continues to gather pace across the country on robust soil moisture due to surplus monsoon rainfall and higher prices.
1 min
Govt, Oppn agree on Constitution debate as Parliament impasse ends
THE WEEK-LONG STANDOFF in Parliament came to an end as the government and the Opposition reached an agreement Monday, which was reflected by the announcement of dates for a special discussion on the Constitution in both Houses.
1 min
SC refuses to relax GRAP-4 restrictions in Delhi-NCR
THE SUPREME COURT on Monday refused to relax the emergency measures under Stage 4 of the Graded Response Action Plan (GRAP) dealing with air pollution in the national capital unless a consistent downward trend was noticed in the AQI level.
1 min
Putin may visit India early next year: Kremlin
RUSSIAN PRESIDENT Vladimir Putin is expected to travel to India next year as part of the established framework for reciprocal annual engagements between the leaders of the two nations, the Kremlin has said.
1 min
ONGC looks at foray into offshore mining
LOOKS TO ATTAIN NET ZERO EMISSIONS BY 2038
2 mins
Prosus CEO lines Up potential IPOs in India
Listing of Meesho, BlueStone, PayU and Urban Company likely
2 mins
Ola steps up expansion; over 3K stores to open on Dec 20
OLA ELECTRIC FOUNDER Bhavish Aggarwal on Monday announced an ambitious plan to expand the company's retail store network fourfold to 4,000 outlets within the next fortnight.
1 min
New launches in early 2025 may spell trouble for inventory glut
The first few months of 2025 is going to see one new car model launch every couple of weeks, which in turn will put additional pressure on the high inventory levels plaguing the industry as buyers might opt for the newer models.
1 min
Swiggy's 10-minute food service now in 400 cities
FOOD DELIVERY MAJOR Swiggy on Monday announced that it is expanding its 10-minute food delivery service Bolt to over 400 cities in India.
1 min
Tata Consumer plans to double vending machines this fiscal
TATA CONSUMER PRODUCTS proposes to double the number of beverage vending machines to about 4,000 (from over 2,000 machines now) by the end of FY25 by tapping the hotels, restaurants, catering (HORECA) segment apart from corporate houses,
1 min
PhonePe decides to go with direct integration, snaps ties with Juspay
PHONEPE HAS DISCONTINUED its partnership with payment orchestration platform Juspay. The Walmart-backed digital payments platform said that it will opt for direct integration with merchants.
1 min
Bangladesh halves power purchase from Adani Group
BANGLADESH HAS HALVED the power it buys from neighboring Adani Power, citing lower winter demand, government officials told Reuters on Monday, amid disagreements over dues running into hundreds of millions of dollars.
1 min
JSW MG set to launch Cyberster in January
Likely to be priced at ₹65-70 lakh
1 min
Skoda's Kylaq range from ₹7.89 lakh
EUROPEAN CAR BRAND
1 min
A first in 14 months: Two-wheeler sales growth hits speed bump
DECLINE IN LINE WITH AUTOMAKERS’ DECISION TO MODERATE DISPATCHES
1 min
RBI lifts curbs on Sachin Bansal-led Navi Finserv
THE RESERVE BANK of India (RBI) on Monday lifted the restrictions on the sanction and disbursal of loans by Sachin Bansal's Navi Finserv with immediate effect.
1 min
Sebi approves 7 IPOs, paving way for over ₹12,000-cr fundraise
SEVEN COMPANIES, INCLUDING Blackstone-owned International Gemmological Institute, Ecom Express and Smartworks Coworking Spaces, have received Sebi's go-ahead to raise nearly ₹12,000 crore collectively through initial public offerings (IPOs), an update with the markets regulator showed on Monday.
1 min
Adani investor GQG slides 14% after UBS downgrade
Rajiv Jain-led firm's stock rating cut to 'neutral'
2 mins
Rupee plunges to record low amid growth concerns
The rupee fell to another all-time low of 84.70 against the dollar on Monday, as the sharp decline in gross domestic product (GDP) growth weighed on investor sentiment.
1 min
RBL Bank shares recover after 5% intraday plunge
SHARES OF RBL Bank plunged 5% during intraday trade on Monday after the bank decided to stop the issuance of new co-branded credit cards under the partnership with Bajaj Finance.
1 min
NBFCs face sluggish AUM growth over 2 years
• Asset growth to ease 15-17% in FY25-26, says Crisil Ratings
1 min
US tightens curbs on China's access to parts for AI, chips
Slaps more curbs on sale of memory, chipmaking gear
1 min
Stellantis and Samsung to get $7 bn to build battery factory
THE BIDEN ADMINISTRATION expanded its efforts to lock in its climate policies on Monday, saying that it would lend almost $7 billion to help build battery factories in Indiana to supply vehicles made by Stellantis, the owner of Jeep, Chrysler, Dodge and Ram.
1 min
Bezos backs Nvidia rival at $2.6-bn value
AMAZON FOUNDER JEFF Bezos joined Samsung in a $700-million bet on Tenstorrent, valuing the AI chip startup with ambitions of taking on Nvidia at about $2.6 billion.
1 min
Intel's CEO leaves as chipmaker struggles
INTEL CHIEF EXECUTIVE Officer Pat Gelsinger, who was hired in 2021 to lead an ambitious turnaround of the iconic chipmaker, will leave the job after the comeback sputtered and the company fell further behind rivals.
1 min
Biden pardons son in tax fraud case
US PRESIDENT JOE Biden said on Sunday he had pardoned his son, Hunter Biden, a reversal after pledging to stay out of legal proceedings against the younger Biden who pleaded guilty to tax violations and was convicted on firearms-related charges.
1 min
Wrong oil price is really a problem for OPEC+
THE BEST SCANDALS are those that start when someone, somewhere, decides to say something utterly shocking: the truth! A senior official of the OPEC+ oil cartel has said publicly what many thought privately – the group has been keeping oil prices too high, effectively subsidising its rivals.
3 mins
MAGA pressure on the rupee
With the rupee falling less than other currencies and more Chinese dumping likely, Indian business may face domestic sales dip and less competitive exports
3 mins
GDP shock not a trigger
A POSSIBLE START TO RBI'S RATE-CUTTING CYCLE COULD BE SEEN IN FEBRUARY
4 mins
Trump's bluster
The US president-elect's latest threat may remain on paper but India must navigate carefully
2 mins
HUL: Reshaping portfolio for future
Premiumisation continues to be the top agenda
2 mins
Bajaj Fin: Revenue flow to continue
Company to shift resources to boost fee income
1 min
APSEZ: Global expansion through local partnerships
Emphasis on key routes in Southeast Asia, Africa & West Asia
1 min
800 job offers in two days at IIT Kharagpur
STUDENTS OF IIT Kharagpur have received over 800 job offers in the first two days of the 2024-25 placement session, the premier institute said in a statement on Monday.
1 min
3 Scorpene subs, 26 Rafale-M jets deal likely by Jan
Chinese activity in Indian Ocean remains a worry, says Navy chief
2 mins
Liren-Gukesh clash: 'Mistake after mistake'
Ex-champions unimpressed by level of play at FIDE world chess
3 mins
Financial Express Mumbai Newspaper Description:
Verlag: The Indian Express Ltd.
Kategorie: Newspaper
Sprache: English
Häufigkeit: Daily
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