Financial Express Mumbai - January 25, 2025
Financial Express Mumbai - January 25, 2025
Go Unlimited with Magzter GOLD
Read {{magName}} along with {{magCount}}+ other magazines & newspapers with just one subscription View catalog
1 Month $9.99
1 Year$99.99 $49.99
$4/month
Subscribe only to Financial Express Mumbai
1 Year $15.99
Buy this issue $0.99
In this issue
January 25, 2025
RIL's 3-GW data centre set to be world's biggest
FACILITY LIKELY TO COST $20-30 BN
1 min
Mineral states lead fiscal index
MINERAL-RICH STATES ODISHA, Chhattisgarh, Goa and Jharkhand bagged the top slots in a new comprehensive annual index launched by the Niti Aayog to gauge the fiscal health of state governments.
3 mins
Liquidity deficit tops ₹3L cr
THE LIQUIDITY SHORTAGE in the banking system has shot up to over ₹3 lakh crore, a level that a Bloomberg report said is the highest in over a decade.
1 min
Tata Electronics acquires 60% in Pegatron Tech
TATA ELECTRONICS ON Friday said it has acquired a 60% stake in Pegatron Technology India, which manufactures Apple products at its plant near Chennai.
1 min
Indian steel firms cautiously optimistic on Trump moves
INDIA'S PRIMARY STEELMAKERS may not take a material hit from any across-the-board hike in import tariffs on steel by the US, because the country is not a major export market for them, with less than 3% share in their total shipments.
3 mins
SC stays HC ruling giving tax treaty benefits to Tiger Global
THE SUPREME COURT (SC) on Friday stayed a 2024-Delhi High Court (HC) ruling, which had allowed a private equity firm Tiger Global to avail tax benefits arising from the India-Mauritius Double Taxation Avoidance Agreement (DTAA), on transactions prior to April 1, 2017.
2 mins
Flash PMI at 14-month low as services slump
The HSBC FLASH India Composite Output Index, or Flash PMI, fell to a 14-month low of 57.9 in January from 59.2 in December, due to weak expansion in services activity, a release by S&P Global said.
1 min
India & US to sort out trade issues via talks: MEA
AS THE US presses its partners, India remains in close communication with the new administration and whatever trade issues are there between the two countries will be sorted out with talks, a senior official said on Friday.
1 min
Food inflation may soften to 6% in near term: Analysts
Prices of cereals and edible oils still remain a concern
1 min
Amul reduces milk prices by ₹1
GUJARAT COOPERATIVE MILK Marketing Federation (GCMMF), which markets dairy products under the Amul brand, has reduced milk prices by ₹1 per litre across India. However, the reduction in prices is only for one-litre packs.
1 min
India to keep buying Russian oil if available at discount: Puri
UNION MINISTER HARDEEP Singh Puri on Friday said that India would continue buying crude oil from Russia if it is available at a discount emphasising that the government is \"committed\" to buying the most economically-priced crude oil.
1 min
Many top legal firms skip GIFT
DESPITE TAX SOPS, LIGHT-TOUCH REGULATIONS
2 mins
Ombudsman disposed of 95% complaints received in FY24
THE RBI ON Friday said the ombudsman disposed of 95.1 per cent of the complaints it received between April 1, 2023 and March 31, 2024.
1 min
Q-comm marketing spends set to soar as competition grows
AS COMPETITION INTENSIFIES in the quick commerce sector, market-ing spends by leading players are expected to rise by 30-40% in 2025, reaching 2,000 crore, according to industry experts.
1 min
Pidilite adds more colour to its paints venture
Pidilite Industries, best known for adhesive brands Fevicol and Fevikwik, is looking to grow its paints venture called Haisha, which launched in select markets, last year (FY24).
2 mins
ECB repayment turns dearer for India Inc as rupee falls
THE FALL IN the rupee's value is expected to increase the financial burden on Indian companies that have borrowed funds from overseas lenders.
3 mins
JSW Steel Q3 net profit plunges 70% to ₹719 cr
JSW Steel on Friday reported an over 70% fall in consolidated net profit to ₹719 crore in the December quarter, mainly due to higher expenses. It had posted a net profit of ₹2,455 crore in the year-ago quarter, the company said in an exchange filing.
1 min
IndiGo misses estimates, net profit down 18% to ₹2,449 cr
InterGlobe Aviation (IndiGo) reported an 18% year-on-year decline in net profit at ₹2,449 crore during the October-December quarter.
1 min
Lanka project not cancelled: Adani
TARIFF REVIEW PART OF STANDARD PROCESS: GROUP
1 min
Ericsson India sales fall 53% in 2024
TELECOM EQUIPMENT maker Ericsson on Friday reported a 53% year-on-year (y-o-y) decline in its India operations revenue to 14.87 billion Swedish crowns (approximately ₹11,732 crore) in 2024, according to the company’s earnings report.
1 min
DLF profit jumps 61% to ₹1,059 cr
BEATING STREET ESTIMATES, DLF, the country's largest listed real estate developer, reported 61% year-on-year (y-o-y) surge in net profit for Q3FY23, reaching ₹1,059 crore compared to ₹657 crore in the same quarter of the previous financial year.
1 min
Godrej Consumer reports 14% drop in Q3 net profit
GODREJ Consumer Products (GCPL) reported a 14.2% year-on-year (y-o-y) decline in consolidated net profit for the December quarter, missing analysts' estimates.
1 min
'CBDC launch only after thorough evaluation'
THE RESERVE BANK of India (RBI) will roll out the central bank digital currency (CBDC) only after thoroughly evaluating its impact, deputy governor T Rabi Sankar said on Friday.
1 min
'NIM should improve by 15 bps in Q4'
Shriram Finance's net interest margins should improve by at least 10-15 basis points in Q4FY25 Umesh Revankar, executive vice chairman, tells Anupreksha Jain. The stress build-up in various segments is also expected to improve in the coming quarters, he adds.
2 mins
Investors wary of weaker NBFCs after debt binge
NBFCs TURNING TO OFFSHORE MARKET
1 min
Rupee jumps 22 paise to close at 86.22
BIG GAIN
1 min
Bank of India net profit rises 35% as bad loans decline
BANK OF INDIA (BOI) on Friday posted a 35% increase in its net profit to 2,517 crore for the December quarter on account of a decline in bad loans, rise in net inter-est income and income from trea-sury operations. The lender had reported a net profit of 1,870 crore in the year-ago period.
1 min
Shriram Finance PAT jumps 96% on one-time gain
SHRIRAM FINANCE on Friday reported a 96% jump in its net profit to ₹3,570 crore for the quarter ended December, compared with ₹1,818.33 crore for the same period last year, boosted by one-time post-tax gain of ₹1,489 crore from selling stake in the housing finance subsidiary.
1 min
Equity indices report losses for third consecutive week
@Investor wealth shrinks by ₹9.2L cr over the week
1 min
Mineral states lead fiscal index
The Centre's fiscal deficit is estimated to be 4% of GDP in the current fiscal and is projected to reach below 4.5% next year.
2 mins
Boeing warns of $4-bn loss in Q4
BOEING WARNED on Thursday that it expected a fourth-quarter loss of about $4 billion to close a year marred by production quality issues, supply chain delays and a crippling strike by West Coast factory workers.
1 min
Would 'rather not' impose tariffs on China, says Trump
PRESIDENT DONALD TRUMP said he'd prefer not to have to impose tariffs on China, his latest dovish remark toward the world's second-biggest economy even as he continues to threaten sweeping action.
2 mins
Meta to spend $65 bn this year to power AI goals: Zuckerberg
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said on Friday, joining a wave of big tech firms capitalizing on hefty investments to upgrade technology.
1 min
BoJ hikes interest rates to highest level since 2008
THE BANK OF Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
1 min
Reduce tax disputes
As amnesties have limited utility, simplified rules and an efficient resolution mechanism will help
2 mins
Al videos from China are coming for the world
CHINESE ARTIFICIAL INTELLIGENCE companies are laser-focused on closing the development gap with the US. Despite Washington's efforts to hold the industry back, it's proving it can stay competitive with Silicon Valley.
3 mins
A vision for 5 crore jobs in the heartland
The upcoming Budget could focus on special economic zones as a transformative strategy to transform rural areas into growth engines
3 mins
Revive manufacturing growth
THE GOVT NEEDS TO ACT TO PROTECT INDUSTRIES AND TO FOSTER THEM TO CREATE MORE JOBS
3 mins
Is your mutual fund return silent on the risks?
RISK-ADJUSTED RETURNS SCORE OVER COMPOUNDED ANNUAL GROWTH RATE
2 mins
No tax liability on receiving money from NRI relative
@YOUR QUERIES: INCOME TAX
1 min
Roadster-ready, or scrambling for adventure?
SCRAM 440 vs GUERRILLA 450
1 min
Oodles of thrill, or oodles of charm?
RIDE COMPARISON: ROYAL ENFIELD GUERRILLA vs GOAN CLASSIC
3 mins
Fronx seems to have found the right gear
Good mix of power, fuel efficiency, ease of driving, and price
2 mins
Hard lesson for FIITJEE students
MANY CENTRES SHUT DUE TO MASS RESIGNATIONS BYTEACHERS OVER SALARY DELAY
3 mins
Davos meet ends, leaders call for rule-based trading
The World Trade Organisation on Friday pitched for strengthening the rule based multilateral trading system in view of increasing geopolitical tensions, economic fragmentation and threats of unilateral measures.
1 min
OpenAI faces another copyright case in India
INDIAN BOOK PUBLISHERS and their international counterparts have filed a copyright lawsuit against OpenAI in New Delhi, a representative said on Friday, the latest in a series of global cases seeking to stop the ChatGPT chatbot accessing proprietary content.
2 mins
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
The Financial Express is the best source of information on Business, Finance, Stock Markets, Equity market, Economy, companies and Industries.
Subascribe and stay updated with business & market latest news and analysis report of Financial Markets, Economy and Businesses.
Cancel Anytime [ No Commitments ]
Digital Only
