Financial Express Ahmedabad - January 11, 2025
Financial Express Ahmedabad - January 11, 2025
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January 11, 2025
Sebi in favour of doubling floor for FPI disclosures
IN A MOVE that will bring relief to foreign portfolio investors (FPIs), the Securities and Exchange Board of India (Sebi) has proposed a doubling of the additional disclosure threshold for FPIs with an exposure of ₹25,000 crore.
1 min
New Classification May Ease Approval for Medical Devices
THE CENTRAL DRUGS Standard Control Organisation's draft rules for reclassification of medical devices based on their risk profile has received wide support from the industry, as it will allow centralised and faster approval of high-risk equipment.
1 min
Dec tax devolution to states at ₹1.73 lakh cr
TO ACCELERATE SPENDING by states amid a moderation in the public capital expenditure, the Centre on Friday released ₹1.73 lakh crore in tax devolution to states for January as against the monthly devolution of ₹89,086 crore for December.
1 min
Factory production grows at six-month high of 5.2% in Nov
INDIA'S INDUSTRIAL OUTPUT in November expanded at 5.2%, the highest pace in six months, on the back of a sharp uptick in manufacturing, according to data released by the government on Friday.
2 mins
GX Expects to Receive Nod for Long-Duration Contracts Soon
The Indian Gas Exchange (IGX) is planning to launch long-duration contracts of 3-6 months on its platform and is expecting the petroleum ministry's nod soon, its managing director and chief executive officer Rajesh Mediratta said on Friday.
1 min
Experts pick holes in govt claim of sharper employment growth
Say picture is grim with 'distress employment' and 'rising' farm-sector jobs; KLEMS not a robust data source
3 mins
Climate-resilient farming likely to get funding boost
The coming Budget is likely to announce several incentives aimed at boosting the availability of climate-resilient seed varieties, especially in cereals, pulses and oilseeds, besides aiming to promote agricultural practices like natural farming for reduction of chemical fertiliser usage, official sources said.
1 min
Govt seeks to turn startup focus to manufacturing
CAPITAL CONCERN
1 min
Private insurers show 239% jump in motor commission payouts
DESPITE CONCERNS RAISED by the Insurance Regulatory and Development Authority of India (Irdai), private sector general insurers reported a 239% jump in commission expenses in the motor insurance segment in fiscal ended March 2024.
2 mins
In a first, selection process for next CEC casts wider net
THE NET FOR choosing the next Chief Election Commissioner (CEC) could be cast wider as the successor to Rajiv Kumar may be picked from a shortlist of five current or former bureaucrats.
2 mins
India to Join Key Session on AI, FDI at WEF 2025
INDIA WILL PARTICIPATE in a session on artificial intelligence (AI) and foreign direct investment (FDI) at the World Economic Forum (WEF) annual meeting in Davos, the commerce and industry ministry said on Friday.
1 min
Appliances association prez seeks smartphone PLI 2.0
AS THE SMARTPHONE production-linked incentive (PLI) scheme emerges as one of India's most successful policies, the industry is advocating for another round of the scheme to achieve greater scale and sustain its momentum.
1 min
Adani raises ₹4,850 cr from sale of 13.5% stake in Wilmar
ADANI GROUP ON Friday raised ₹4,850 crore from the sale of 13.5% of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business.
1 min
Luxury car segment ended 2024 on a muted note despite robust demand
INDIA'S LUXURY CAR market, represented by five major automotive brands, saw paltry growth in 2024 as supply chain issues impaired the upturn despite robust demand.
1 min
Infy counter-sues Cognizant
Alleges data misuse and anti-competitive conduct by US firm
2 mins
Bistro app not to use Zomato data, says Blinkit's Dhindsa
BLINKIT'S QUICK FOOD delivery app Bistro will operate independently and it will not use any data from its Gurugram-based parent Zomato's food delivery and dining-out operations, Blinkit CEO Albinder Dhindsa clarified on Friday.
1 min
Analysts Cautiously Optimistic on TCS Growth Prospects
IT major seeing signs of revival in discretionary spends
2 mins
AI-powered healthcare firm Innovaccer raises $275 mn
artificial intelligence-powered healthcare platform Innovaccer has raised $275 million in a Series F funding round, marking its first capital infusion since 2021.
1 min
SpiceJet Set To Bring 10 Planes Back To Service Amid Dip In Operations
The return of these planes will boost the carrier's fleet to 38 aircraft
2 mins
Byju's staff files ₹177-cr claims
IN THE ONGOING corporate insolvency resolution process of Byju's, employee claims filed as operational creditors have reached ₹177.5 crore, with approximately ₹32.56 crore being provisionally admitted by the resolution professional (RP), according to a document reviewed by FE.
1 min
Vi exits Indus with ₹2.8K-cr stake sale
BRITISH TELECOM FIRM Vodafone has sold its entire stake in Indus Towers for ₹2,800 crore, the telecom infrastructure firm said on Friday.
1 min
Growth Trajectory Set to Return for Reliance Retail in Dec Quarter
The country's largest organised retailer, Reliance Retail, may be back on the growth path in the third quarter of the current financial year backed by festive demand, sector analysts said.
2 mins
Fx reserves at 10-month low as rupee pressure mounts
FOREIGN EXCHANGE RESERVES fell for the fifth consecutive week to a 10-month low of $634.59 billion as of January 3, data from the Reserve Bank of India showed on Friday.
1 min
Capital fundraising to rise 21% this fiscal: Sebi chief
Regulator will soon launch SIPs with a minimum amount of ₹250
1 min
Liquidity woes prompt RBI to hold largest VRR auction in a year
Banks Seek OMOs, Further Cut In CRR
2 mins
Rupee ends at 85.97 after breaching 86-mark for first time
THE RUPEE DECLINED 11 paise to close at 85.97 against the US dollar on Friday as it failed to resist pressure from a stronger American currency amid huge outflow of foreign funds.
1 min
SBI chairman for tracking of funds raised by small biz
STATE BANK OF India chairman CS Setty on Friday pitched for the creation of a market infrastructure institution to track the end-use of funds borrowed or raised as equity by small businesses.
2 mins
NaBFID Plans Record ₹40K-Cr Fundraising
STATE-OWNED NATIONAL BANK for Financing Infrastructure & Development (NaBFID) is targeting its largest-ever fundraising for the January-March period to back the nation's ambitious growth push.
1 min
LA Wildfires Rage for Third Night, Death Toll Rises to 10
NEARLY 10,000 STRUCTURES GUTTED IN WORST BLAZE IN CITY'S HISTORY
1 min
Apollo weighs $9.5-bn stake in Seven & i buyout
Apollo Global Management is considering taking a substantial stake in a bid by Seven & i's founding Ito family to take the Japanese convenience store operator private, people familiar with the matter said.
1 min
Hush money case: Trump avoids jail and punishment
US PRESIDENT-ELECT Donald Trump will not go to jail or face any other punishment for his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday but said Trump's Jan. 20 inauguration would not erase the jury verdict.
1 min
US Unemployment Rate Falls to 4.1%
US JOB GROWTH unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a solid footing, reinforcing the Federal Reserve's cautious approach to interest rate cuts this year.
1 min
A complex world order
CAN INDIA ADVANCE ITS INTERESTS AS TRUMP TRIES TO MAGA IN A CHANGING WORLD?
4 mins
HR disaster
It's nobody's case that hard work isn't necessary but no CEO can expect crazy working hours to be the norm
2 mins
Securing the future of messaging
SMS heydays are long over, but it remains a weak link in India's digital ecosystem. Rich communication services offer a much-needed solution
3 mins
Protect insurance payouts from creditors by buying term plan under MWP Act
A TERM INSURANCE plan under the Married Women's Property (MWP) Act will ensure financial protection of the insured's wife and children in his absence.
2 mins
Loan against MF units cheaper than personal loan
If a property is to be sold, the loan is paid off from the sale proceeds itself. Only the balance amount will be received in your account. You may use those funds for down payment for the new house.
1 min
What's Qualcomm doing with Royal Enfield?
The Qualcomm booth at the Consumer Electronics Show 2025 in Las Vegas this week had an unusual display—a motorcycle by Royal Enfield, called Flying Flea C6.
1 min
Capable, but not yet aspirational
ELECTRIC SCOOTER REVIEW: NUMEROS DIPLOS MAX A fine scooter for business, but needs a rethink to attract personal-use buyers
1 min
SC Status Quo on Well at Sambhal Mosque
THERE WILL BE no worship or holy bath at the well near the Shahi Jama Masjid in Sambhal in Uttar Pradesh.
1 min
Court Tells CBI To Give Pre-Arrest Notice To Karti
A DELHI COURT on Friday directed the CBI to give a three-day prior written notice to Congress MP Karti Chidambaram in a fresh corruption case alleging he gave relief to a liquor company over the duty-free sale of its whisky.
1 min
Any disputed structure should not be called a mosque
AMID A SERIES of temple-mosque disputes, with several suits pending before various courts, UP CM Yogi Adityanath said on Friday that any disputed structure should not be called a mosque.
1 min
US slaps toughest sanctions targeting Russian oil revenues
IN BID TO GIVE UKRAINE, TRUMP LEVERAGE
2 mins
E-gaming firms get relief
THE TOP COURT last year allowed a petition of the Centre and transferred to itself pleas, challenging the imposition of 28% GST on e-gaming firms, from 9 high courts for an authoritative pronouncement.
1 min
Bigger Capex Loans to States
The Centre has relaxed a clutch of norms regarding the release of interest-free capex loans to the state governments to ensure that the entire sum of ₹1.5 lakh crore earmarked for 2024-25 is fully utilised during the year, and help arrest a decline in public capex.
1 min
L&T chief's advice...
THE YOUNGER GENERATION, many corporate chiefs, believe will want a better work-life balance and companies should respond to their suggestions else they would lose talent.
1 min
How Maha Kumbh Is A Pitching Ground For Brands
\"THIS ONCE-IN-12-YEAR festival represents a prime moment for ITC's brands to connect with millions, blending tradition, culture, and meaningful consumer interactions into this iconic gathering,\" an ITC spokesperson told FE.
1 min
Oil prices rally 3% to touch 3-month high
OIL PRICES RALLIED nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest US sanctions package targeting Russian oil and gas revenue.
1 min
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