Financial Express Kochi - January 09, 2025
Financial Express Kochi - January 09, 2025
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January 09, 2025
BP bags contract to operate ONGC's Mumbai High field
British multinational BP has been selected as the technical service provider for the enhancement of production of state-owned Oil and Natural Gas Corp’s Mumbai High oil and gas field by up to 60% over baseline levels over a 10-year period.
1 min
Higher corporate efficiency also behind lower wage growth
The trend of manufacturing companies outsourcing services has impacted wage growth in India, Sanjiv Puri, president of the Confederation of Indian Industry (CII), said in an interview with Priyansh Verma & Raghav Aggarwal.
3 mins
Digital farmer ID must to apply for PM Kisan benefits
States requested to upgrade land records
1 min
Steel import duty may lead to steep price hike
STEEL PRICES IN 2025 would be much higher than last year's if the proposed safeguard duty on steel imports is imposed by the end of next month, rating agency Crisil said on Wednesday.
1 min
Gold imports overstated by $11.7 bn in Apr-Nov: Govt
Losing Sheen
2 mins
DPIIT Looks at Policy Tweaks to Boost FDI
The Department for Promotion of Industry and Internal Trade (DPIIT) held a consultation with stakeholders on Wednesday on ways to increase the inflows of foreign direct investment (FDI) by carrying out required changes in regulations.
1 min
Modi Launches ₹2L Cr Andhra Projects
PRIME MINISTER NARENDRA Modi on Wednesday virtually laid the foundation stone and launched projects worth over ₹2 lakh crore here and said the Centre will work with Andhra Pradesh in realising its vision of becoming approximately a $2.5 trillion economy by 2047.
1 min
Isro delays space docking experiment one more time
ISRO postponed a space docking mission for the second time late Wednesday. The agency cited an issue arising from excess drift between the satellites, without disclosing a new date for the docking. The technology was originally set to be tested on Jan. 7 local time.
1 min
Top contenders shortlisted for ₹10k-cr AI compute initiative
List includes Yotta Data Services, Jio Platforms, Tata Communications
1 min
E-comm, q-comm major driver of demand in the country
Welspun One, the logistics and industrial property arm of Welspun group, recently said it plans to raise ₹4,000 crore to fund its expansion.
2 mins
Infinity Fincorp loan book tops ₹1K cr
MUMBAI-BASED INFINITY FINCORP, which provides loans against property for MSME borrowers, has increased its loan book to over ₹1,000 crore, company founder, MD and CEO Shrikant Ravalkar told FE in an interaction.
1 min
Nadella: India must balance AI ambition with investment
INDIA HAS THE potential to be a global leader in artificial intelligence (AI), but it must carefully weigh its investments in building foundational AI models, Microsoft chairman and CEO Satya Nadella said on Wednesday.
1 min
Inter-ministerial team to govern AI proposed
A PANEL APPOINTED by the ministry of electronics and IT (MeitY) has recommended an inter-ministerial approach to govern artificial intelligence (AI).
1 min
SC order on land row drags Aditya Birla realty shares
SCRIP ENDS 3.59% LOWER
1 min
New entrants, QSRs fuel 10-min food delivery biz
From Niche To Universal
1 min
M&M Unveils Advanced Hub for EV Production
Mahindra has launched a cutting-edge electric vehicle (EV) manufacturing and battery assembly facility at its Chakan hub, dedicated to electric-origin UVs.
1 min
JSW's Mozambique deal on hold
LEGAL DISPUTE OVER COAL CONCESSION AGREEMENT WITH MdR
2 mins
RBI Lifts Restrictions on Asirvad, DMI Finance
The Reserve Bank of India on Wednesday lifted supervisory restrictions on Asirvad Micro Finance and DMI Finance.
1 min
Yields rise to 6.7678%
THE RUPEE FELL 14 paise, or 0.2%, to an all-time closing low of 85.86 on Wednesday as the dollar further strengthened on account of positive economic data from the US, said forex traders.
1 min
Indices Stage Smart Recovery, Defy Slowdown Concerns
The benchmark indices staged a smart recovery in the second half of the trading session on Wednesday, but ended the day with marginal losses.
1 min
Govt mulls lifting ban on trade in some crop futures
THE GOVERNMENT IS considering revoking a three-year ban on futures trading in seven agricultural commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.
1 min
NBFC fundraising through ECB route hits 5-year high
FUNDRAISING BY NON-BANKING financial companies (NBFCs) through the external commercial borrowings (ECB) route has hit a five-year high in 2024.
2 mins
Ola Electric Gets Sebi Warning Over Disclosure Lapses
MARKETS REGULATOR SEBI has issued an administrative warning letter to Ola Electric Mobility over violations of disclosure norms.
1 min
Microfinance portfolio shrinks
THE MICROFINANCE PORTFOLIO declined 4.3% to ₹4.14 lakh crore in the September quarter as microlenders turned cautious amid concerns over the deteriorating asset quality, according to a report released by credit information company Crif High Mark.
1 min
Tesla Poised for $1-bn Windfall from EU Emissions Curbs
TESLA COULD COLLECT more than €1 billion ($1 billion) in compensation from rival automakers that need help meeting tougher pollution standards in the European Union this year, UBS Group analysts said.
1 min
AI startup Anthropic to raise at $60 bn value
OPENAI RIVAL ANTHROPIC is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter.
1 min
Reshaping consumer behaviour
High fintech adoption isn't just a trend but a game changer in India; three 'S's will define 2025 for the sector - security, sustainability, and scalability
3 mins
Tidings for agri-budget
All eyes will be on how the govt addresses the narrative of agrarian distress
2 mins
A power distribution poser
EACH CASE OF PRIVATISATION HAS BEEN A LESSON FOR THE NEXT
4 mins
Searching for global relevance
GCCs focus on skills-based hiring for growth
2 mins
Oil pares gains on dollar strength
OIL PRICES TRIMMED earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.
1 min
AI Policy to Get a Shot in the Arm
Like in other parts of the world, there are concerns that AI may reshape the Indian job market by creating new opportunities while also posing challenges such as job displacement due to automation.
1 min
India seeks NRI participation in 'Viksit Bharat'
THE 18TH PRAVASI Bharatiya Divas (PBD) convention kicked off here on Wednesday, with external affairs minister S Jaishankar calling upon NRIs and Persons of Indian Origin to actively participate in the quest for a 'viksit Bharat' (developed India).
1 min
Foxconn, Dixon Urge Govt to Pay ₹700 Cr in Pending PLI Subsidies
The government is reviewing the two requests, the people said.
1 min
Swiggy serves Snacc to take on Zomato in 15-minute delivery
This dedicated app strategy mirrors competitors like Zomato's Bistro by Blinkit and Zepto Cafe, which also operate as standalone platforms.
1 min
Pritish Nandy dies at 73
Veteran journalist, poet and filmmaker Pritish Nandy passed away in Mumbai on Wednesday, sources close to him said.
1 min
Flying taxis are on the horizon
Taking Commuting To New Heights
3 mins
Bid for 2036 Olympics takes pan-India route
● Bhubaneswar, Bhopal, Pune to join Ahmedabad
3 mins
Financial Express Kochi Newspaper Description:
Utgiver: The Indian Express Ltd.
Kategori: Newspaper
Språk: English
Frekvens: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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