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Financial Express Mumbai

Musk antics too much for Germany's central bank

\"SPEND LESS TIME on social media\" is a New Year's resolution that a lot of us are probably already breaking.

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3 mins  |
January 22, 2025
Financial Express Mumbai

PLI release for 6 sectors at ₹1,596 cr in H1FY25

THE GOVERNMENT HAS disbursed ₹1,596 crore under the production-linked incentive (PLI) scheme for six sectors, including electronics and pharmaceuticals, in the first half of this financial year, a senior official said on Tuesday.

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1 min  |
January 22, 2025
Financial Express Mumbai

Consumer firms pitch for steps to shore up demand

COMPANIES IN THE fast-moving consumer goods (FMCG) and retail sectors are urging the Centre to stimulate consumption through tax slab revisions and demand-boosting measures in the FY26 Budget.

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1 min  |
January 22, 2025
Financial Express Mumbai

India's IT spending to rise by 11%: Gartner

WORLDWIDE IT SPENDING is projected to reach $5.61 trillion in 2025, reflecting a 9.8% increase from 2024, according to Gartner's latest forecast.

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2 mins  |
January 22, 2025
Financial Express Mumbai

Puri sees chances of higher US oil imports

Closely watching moves by Trump govt, says minister

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3 mins  |
January 22, 2025
Financial Express Mumbai

Mahindra Eyes 30% EV Portfolio by 2030

MAHINDRA & MAHINDRA aims to make more than a quarter of its portfolio electric by 2030 as India's number two automobile company by market value takes on local and global rivals bolstering their EV line-up in the fast growing segment.

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1 min  |
January 22, 2025
ICICI Prudential Life profit jumps 44%
Financial Express Mumbai

ICICI Prudential Life profit jumps 44%

ICICI PRUDENTIAL LIFE Insurance on Tuesday reported a 44% year-on-year increase in standalone net profit at ₹326 crore for Q3FY25.

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1 min  |
January 22, 2025
Anatomy of economic slowdown
Financial Express Mumbai

Anatomy of economic slowdown

WHEN GROWTH IS DECOMPOSED, BOTH MOMENTUM DECLINE AS WELL AS BASE EFFECTS PLAY A ROLE

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3 mins  |
January 22, 2025
Financial Express Mumbai

Govt extends free tur import policy by one more year

THE GOVERNMENT ON Tuesday extended the duty-free import policy for tur or pigeon peas by a year, until March 31, 2026, according to a notification by the directorate general of foreign trade (DGFT).

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1 min  |
January 22, 2025
Financial Express Mumbai

DPDP Act will be outdated before it's passed

The Act targets entities which are complex adaptive platforms that have embedded AI in their processes. To expect them to adhere to static regulations is a mistake

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4 mins  |
January 22, 2025
10,000 Water Taxis Mooted to Connect Mumbai Suburbs With New Airport
Financial Express Mumbai

10,000 Water Taxis Mooted to Connect Mumbai Suburbs With New Airport

UNION MINISTER NITIN Gadkari on Tuesday said he has discussed a proposal for getting 10,000 water taxis to ferry people from the financial capital's distant suburbs to the upcoming Navi Mumbai International Airport.

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1 min  |
January 22, 2025
What this means for India
Financial Express Mumbai

What this means for India

WITH WHO LOSING out on a significant proportion of its funding, its work across countries, including India, is likely to be affected.

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1 min  |
January 22, 2025
Financial Express Mumbai

Banks run Trump 'war rooms' as bosses prepare for trade ructions

JPMORGAN CHASE & Co bankers worked through the night in a \"war room\" to assess the impact of US President Donald Trump's inauguration-day executive orders, while global markets braced for volatility following his return to the White House.

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1 min  |
January 22, 2025
Financial Express Mumbai

Kalyani feud: Hiremath wants administrator

SUGANDHA HIREMATH, SISTER of Bharat Forge chairman Baba Kalyani, on Tuesday urged a Pune court to appoint a court administrator to protect the wealth, which includes stakes in listed companies like Bharat Forge, Kalyani Steels and other assets.

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1 min  |
January 22, 2025
Financial Express Mumbai

Dollar Gains, Stocks Climb as Global Markets Turn Jittery

The dollar rallied on Tuesday and stocks rose as Donald Trump's return to the White House brought mixed messaging on tariffs and highlighted markets' nervousness about the trade policy.

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2 mins  |
January 22, 2025
Financial Express Mumbai

Experts: Relax 20% pre-deposit rule for stay on I-T demand

IN A BID to free up working capital and ease the burden of businesses, tax experts have urged the government to relax the provisions of submitting a pre-deposit amount in case any business wishes to get a stay on an income tax demand, in the upcoming Budget.

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1 min  |
January 22, 2025
Financial Express Mumbai

InMobi to raise $400 mn, targets $8 bn valuation

New and existing investors to join

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2 mins  |
January 22, 2025
Financial Express Mumbai

Ad highlights how setbacks can shape one's journey

Why the campaign rocks: Honda's \"Unstoppable Dreams\" campaign's message—that failure is a crucial part of success—is something I deeply connect with. In a world where we often focus on achievements, this highlights how setbacks shape our journey and, ultimately, lead to the fulfillment of our dreams.

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1 min  |
January 22, 2025
Financial Express Mumbai

Delhi court orders seizure of 'offensive' Husain paintings

A court has ordered the seizure of two M.F. Husain paintings displayed in the Delhi Art Gallery following a complaint from Delhi High Court advocate Amita Sachdeva who called them offensive.

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1 min  |
January 22, 2025
Financial Express Mumbai

Jio Fin, BlackRock Infuse ₹117 Cr in MF Business

JIO FINANCIAL SERVICES (JFSL) on Tuesday said the company and its joint venture partner US-based BlackRock have infused ₹117 crore in the mutual fund company.

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1 min  |
January 22, 2025
Financial Express Mumbai

HC to hear Lodha name dispute plea on Jan 27

THE BOMBAY HIGH Court on Tuesday said it would hear on January 27 the application filed by Abhishek Lodha-promoted Macrotech Developers seeking an injunction against his younger brother from using the trademark 'Lodha'.

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1 min  |
January 22, 2025
Paris Pact: US pulls out again, undermines climate agenda
Financial Express Mumbai

Paris Pact: US pulls out again, undermines climate agenda

THE UNITED STATES will once again withdraw from the 2015 Paris Agreement on climate change, the White House said on Monday night immediately after Donald Trump assumed office for his second term as President.

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1 min  |
January 22, 2025
Financial Express Mumbai

Indian brands one up in global list

15 in top 500 compared to 14 last year; Tata retains top spot

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3 mins  |
January 22, 2025
Financial Express Mumbai

Analysts remain bullish on Zomato despite share dip

Expect sustainable growth profitability in the coming years

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1 min  |
January 22, 2025
Financial Express Mumbai

Asset Monetisation Scheme 2.0 with ₹2L-cr Annual Target Likely

WITH THE CURRENT National Monetisation Pipeline (NMP) programme set to end in March this year, the Centre may announce its next phase with an annual asset monetisation target of ₹2 lakh crore for the next four-to-five years to mobilise capital for investments and reinvestments.

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2 mins  |
January 22, 2025
Financial Express Mumbai

Sensex adds 454 pts, Nifty ends near 23,350; banks, metals, financials lead

BENCHMARK SENSEX SPURTED by 454 points and Nifty closed above 23,300 on Monday following gains in banking, financial and power stocks amid firm global trends.

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1 min  |
January 21, 2025
Financial Express Mumbai

Weaker Rupee to Raise Ticket Sizes of Foreign Education Loans: Experts

THE DEPRECIATING RUPEE is expected to slightly increase the average ticket size of overseas education loans, but it is unlikely to deter students from pursuing higher education abroad, Shweta Guru, chief business officer at Auxilo Finserve, said.

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1 min  |
January 21, 2025
Financial Express Mumbai

Billionaire wealth soars 3x faster by $2 trillion in 2024

BILLIONAIRE WEALTH ACROSS the globe surged by $2 trillion in 2024 to $15 trillion at a rate three times faster than the previous year, a study showed on Monday as the richest of the world began to assemble for their annual jamboree in this ski resort town.

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1 min  |
January 21, 2025
Financial Express Mumbai

Trump factor has implications for economy and business, says Birla

2025 WILL BE MARKED by uncertainty, unpredictability and will be unorthodox, Aditya Birla Group chairman Kumar Mangalam Birla said on Monday while reflecting on the year ahead.

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1 min  |
January 21, 2025
Financial Express Mumbai

On Day 2 of ceasefire, Gazans search for people under rubble

PALESTINIANS BEGAN SEARCHING on Monday for thousands of Gazans believed still buried under rubble, as residents expressed shock at the devastation wrought by 15 months of war on the enclave on the second day of a ceasefire between Israel and Hamas.

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1 min  |
January 21, 2025