Financial Express Mumbai - December 24, 2024Add to Favorites

Financial Express Mumbai - December 24, 2024Add to Favorites

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In dieser Angelegenheit

December 24, 2024

From shadows to spotlight

The first of a 7-part series on those who left a deep imprint in 2024

From shadows to spotlight

3 mins

Honda, Nissan on merger road

Mitsubishi may also join group

Honda, Nissan on merger road

2 mins

Byju's: ICAI panel probing auditing lapses

CHARTERED ACCOUNTANTS' APEX body ICAI president Ranjeet Kumar Agarwal on Monday said its disciplinary committee is investigating alleged auditing lapses at edtech firm Byju's, reports PTI.

1 min

For IT firms, it's a mixed blessing

A five-part series looks at the impact of the fall in rupee on various sectors

2 mins

Toyota-Suzuki pact should be the template in India

THE PROPOSED GLOBAL merger between Nissan and Honda should follow the Toyota-Suzuki template in India to increase their product portfolio and market share.

1 min

GST panel against tax relief for EV charging stations

THE FITMENT COMMITTEE of the GST Council has recommended maintaining \"status quo\" in the current taxation structure for electric vehicle (EV) charging services, even as the industry is batting for complete exemption or a reduction in the tax rate from 18% to 5%, according to official sources.

1 min

Govt plans to cut agri transportation costs

UNION MINISTER FOR agriculture and farmers' welfare Shivraj Singh Chouhan said on Monday that the government is developing a new scheme to reduce the transportation cost of farm produce and ensure higher income for farmers.

1 min

Centre may peg FY26 fiscal deficit at below 4.5% of GDP

THE CENTRAL GOVERNMENT is committed to pursuing the glide path of fiscal consolidation, as announced in the Budget for FY22, and to attain a level of fiscal deficit \"lower than 4.5%\" of the GDP by FY26, the finance ministry said.

1 min

Mineral-rich Chhattisgarh now an investment destination too

Year after assuming office, Chhattisgarh chief minister Bhishnu Deo Sai has unveiled a new industrial policy aimed at attracting investments in various sectors such as semiconductors, information technology, electronics, food processing, renewable energy, tourism, and education.

Mineral-rich Chhattisgarh now an investment destination too

3 mins

Bangladesh owes Tripura ₹200 crore in power dues

BANGLADESH OWES TRIPURA ₹200 crore in electricity dues but no decision has been taken on halting power supply to the neighbouring country yet, chief minister Manik Saha said on Monday.

1 min

PM's pre-Budget consultation with economists today

AHEAD OF THE Budget for 2025-26, Prime Minister Narendra Modi will interact with a group of economists to seek their suggestions on maintaining economic growth momentum amid global uncertainties, a key focus area of the government.

PM's pre-Budget consultation with economists today

1 min

1% rise in m-cap of firms boosts GDP growth by 0.6%: SBI report

A 1% RISE in market capitalisation leads to a 0.6% rise in gross domestic product (GDP) growth rate, according to a report by SBI Economic Research Department.

1 min

West Asia share of crude imports at 9-month high

Russia continues to be the top oil supplier to India

1 min

Discoms to miss target to cut AT&C losses again

DESPITE A SIGNIFICANT reduction in the national aggregate technical & commercial (AT&C) losses of electricity from 27.8% in 2008-09 to 15.37% in 2023, several states continue to report high losses over the past five years.

2 mins

Double counting: $3-4 bn downward revision in gold import figures likely

AN UNUSUAL JUMP in gold imports in November (180 tonnes in volume, i.e., three times the average in the first 10 months, $14.3 billion compared with $4.3 billion in the first 10 months) is partly being explained by the double counting of gold—as it enters Special Economic Zones (SEZs) and then again as it exits the SEZs.

2 mins

NFRA's move on 'SQM' rules needless, says ICAI

THE NATIONAL FINANCIAL Reporting Authority's (NFRA) move to notify standards on quality management (SQM) through the ministry of corporate affairs (MCA) is unnecessary, said Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India (ICAI).

NFRA's move on 'SQM' rules needless, says ICAI

1 min

Suspension of Swiss MFN status not to hit EFTA pact

THE SWISS DECISION to suspend the most favoured nation clause in the Double Taxation Avoidance Agreement will not delay the ratification and implementation of the already signed trade agreement between India and the EFTA bloc, Switzerland has said.

1 min

Officers will have to learn groundworks for better coordination, says Vaishnaw

WHILE STRESSING ON the need for better coordination and understanding between ground level employees and the officers, Union minister for railways Ashwini Vaishnaw had on Saturday said that a module has been formulated for officers and employees, where both will be given training about each other's work.

Officers will have to learn groundworks for better coordination, says Vaishnaw

1 min

Former SC judge named as new NHRC chairman

FORMER SUPREME COURT judge V Ramasubramanian has been appointed the new chairperson of the National Human Rights Commission, the rights panel said on Monday.

1 min

ReNew sells 300 MW solar asset in Rajasthan

RENEW ENERGY GLOBAL on Monday said it has sold its 300 MW solar project in Jaisalmer, Rajasthan, at an enterprise valuation of $176 million (nearly ₹1,500 crore) to Anzen Energy Yield Plus Trust.

1 min

Zoho-backed Silectric to invest ₹3,426 cr in Karnataka

SILECTRIC SEMICONDUCTOR MANUFACTURING, a venture backed by Chennai-based Zoho Corp, will invest ₹3,425.6 crore to set up a manufacturing unit in Karnataka's electronics manufacturing cluster at Kochanahalli, Mysuru. The project is expected to create 460 jobs.

1 min

Firms seek relief in 2025

FOR ANALYSTS, INVESTORS and stakeholders, the country's ₹5-lakh-crore FMCG market has been a dependable industry that delivers consistent returns year after year.

2 mins

Realty project costs, lease rents likely to rise on GST change

THE GST Council's decision to retrospectively amend the Central Goods and Services Tax (CGST) Act to restrict input tax credit (ITC) on construction services for commercial real estate such as malls, shops, etc., for leasing could push project costs and increase rents, said experts.

1 min

Fresh hikes to test FMCG pricing power

CEOs say move to be calibrated to align with fragile demand

2 mins

Seed funding hits a 4-year low

DESPITE A MODEST recovery in startup funding this year, seed-stage investments remain in a slump, hitting their lowest since 2020.

2 mins

Air passenger traffic rises 12% in Nov

PASSENGERS CARRIED BY domestic airlines in India grew by 12% to 14.2 million in November against the same month last year, as per data supplied by the Directorate General of Civil Aviation (DGCA).

Air passenger traffic rises 12% in Nov

1 min

Telcos told to offer separate voice, SMS recharge plans

THE TELECOM REGULATORY Authority of India (Trai) on Monday mandated telecom operators to offer separate recharge plans only for voice and SMS services.

1 min

Telcos see fresh challenges from direct-to-mobile technology

TELECOM OPERATORS, REPRESENTED by the Cellular Operators Association of India (COAI), on Monday said the proposed direct-to-mobile (D2M) technology will pose new challenges.

1 min

OYO buys US-based G6 Hospitality in a $525-million deal

With this acquisition, Oyo will get around 1,500 franchised hotels across the US and Canada

1 min

Simplilearn cuts losses by 56% to ₹107 cr in FY24

UPSKILLING PLATFORM SIMPLILEARN reduced its net losses by 56% to ₹106.7 crore in FY24 from ₹244.2 crore in FY23.

1 min

Airtel adds users in Oct, Jio loses again

AFTER LOSING MOBILE subscribers for the three consecutive months, Bharti Airtel added 1.9 million users in October.

Airtel adds users in Oct, Jio loses again

1 min

AI integration seen gaining pace in 2025, to unlock biz value: Report

THE UPCOMING YEAR will see enterprises accelerating AI integration and other advanced technologies to unlock significant business value, according to Wipro's Tech Trends for 2025 report.

1 min

Sebi suspends trading in Bharat Global on financial irregularities

SEBI ON MONDAY suspended trading in Bharat Global Developers for alleged financial misrepresentation, misleading disclosures, price manipulation and offloading shares at inflated prices.

1 min

Kalyani Investment pays ₹1.12 crore to settle case with Sebi

KALYANI INVESTMENT, ONE of the promoter group entities of Bharat Forge, has settled a case with Sebi about the alleged violation of disclosure norms after paying ₹1.12 crore towards the settlement fee.

1 min

Burman family gets Sebi nod for Religare open offer

The Burman family's open offer to acquire an additional 26% stake in Religare Enterprises has received an approval from the Securities and Exchange Board of India (Sebi), according to a report.

Burman family gets Sebi nod for Religare open offer

1 min

Banks lobby RBI for new swaps market benchmark

A GROUP OF banks has asked the Reserve Bank of India to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.

1 min

HUDCO, PGCIL raise 10-yr bonds at 7.12%

HOUSING AND URBAN Development Corporation (HUDCO) and Power Grid Corporation (PGCIL) have raised funds from the domestic debt capital market. Both the companies issued 10-year bonds at a coupon rate of 7.12%.

1 min

Non-life insurance claims ratio dips to 83%

NET INCURRED CLAIMS to net earned premium (claims ratio) of the non-life insurance industry stood at 82.52% during 2023-24, compared with 82.95% in the preceding fiscal, according to the Irdai's annual report.

2 mins

Rupee closes at its lifetime low of 85.12

Weak yuan, demand for dollar keep the currency under pressure

1 min

Struggles with a consumer society

TIGHTENING GOVERNMENT CONTROL ON CHINESE SOCIETY IS AT ODDS WITH ITS GOAL OF RAISING CONSUMPTION

4 mins

The conundrum of repo rate arguments

Monetary policy always triggers debate as theoretical arguments on both sides: repo rate induces investment or repo rate lowers inflation are equally strong

4 mins

Europe's hottest stock has an American architect

FORCED TO SEEK a government rescue barely a year ago, Siemens Energy was an unlikely candidate for Europe's best performing stock of 2024.

3 mins

Merge to survive

Electric mobility is disrupting the global auto industry, forcing alliances and consolidation

2 mins

Emami: Operating margins to improve

Bolt-on acquisitions to drive double-digit revenue growth

Emami: Operating margins to improve

1 min

Awfis Space Solutions: Sustained growth outlook

35% CAGR in seat additions during FY24-27 projected

Awfis Space Solutions: Sustained growth outlook

1 min

Siemens: Weak outlook on HVDC, Rlys

Cuts EPS forecast for FY25E/ 26/27 by 9%, 15% & 11%

Siemens: Weak outlook on HVDC, Rlys

2 mins

Govt schools can fail class 5, 8; no-detention policy ends

THE CENTRE HAS scrapped the no-detention policy in schools governed by it, including Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas, allowing students of Classes 5 and 8 to be held back from the ongoing academic session.

Govt schools can fail class 5, 8; no-detention policy ends

1 min

In a note to India, Bangladesh demands Hasina's extradition

Dhaka insists on Hasina's trial, India declines comment

In a note to India, Bangladesh demands Hasina's extradition

2 mins

US launches new probe into legacy Chinese chips

The effort could offer Trump a ready avenue to begin imposing some of the hefty 60% tariffs he has threatened on Chinese imports

1 min

UK insurer Aviva to shed up to 2,300 jobs in $4.65-billion deal

British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK's largest home and motor insurer.

2 mins

Now, Musk wants you to pay 'X-tra' as premium plans

Marks the largest price increase since acquisition

1 min

Shyam Benegal, pioneer of parallel cinema, dies

JUST WHEN MAINSTREAM Hindi cinema stepped into an exciting new phase with the rise of the 'Angry Young Man' in the '70s, Shyam Benegal made a stunning debut as the writer and director of Ankur (The Seedling, 1974), propelling the parallel cinema movement in India.

Shyam Benegal, pioneer of parallel cinema, dies

2 mins

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KategorieNewspaper

SpracheEnglish

HäufigkeitDaily

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