Financial Express Bengaluru - December 17, 2024
Financial Express Bengaluru - December 17, 2024
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December 17, 2024
Drug recalls from US raise export concerns
THE RECENT DRUG recalls by US arms of Indian drugmakers have turned the spotlight back on quality issues faced by the domestic pharma companies in the lucrative export market.
1 min
Petroleum product exports up 3% in Apr-Nov
SMOOTH FLOW
2 mins
Strong local demand drives flash PMI to 4-month high
ECONOMIC ACTIVITY EXPANDED at a robust pace in December, mainly due to an uptick in domestic demand conditions.
1 min
WPI inflation eases to 1.89% in Nov as food prices soften
INFLATION BASED ON the wholesale price index (WPI) eased to a three-month low of 1.89% in November from 2.36% in October, thanks to a sharp fall in the prices of key food items such as vegetables and pulses, official data released on Monday showed.
1 min
Construction of FCI godown 'nil' in FY25, House panel flays govt
A Parliamentary panel on Monday pulled up the government for not meeting the godown construction target of the Food Corporation of India (FCI) in the four years till September 2024 and asked the nodal ministry to constitute a high-level committee to expedite the work in the North-East and hilly states.
1 min
'Lack of skills, data complexity hindering AI adoption in India'
As Indian enterprises increasingly adopt artificial intelligence (AI), significant barriers such as a lack of expertise, insufficient tools, and data complexity remain. IBM India & South Asia managing director Sandip Patel talks to Jatin Grover about how small AI models are driving cost efficiency, IBM's role in chip design, and evolution of AI adoption in India. Excerpts:
2 mins
Tata Starbucks faces pressure, to go slow on store openings
Finding quality real estate a challenge, says Tata Consumer CEO
2 mins
₹16K cr needed for charging infra by '30: Report
The penetration of electric vehicles (EVs) in India is running significantly behind schedule, with most segments failing to reach even the 5% market share level. This is owing to a variety of factors, including steep acquisition costs and inadequate charging facilities, said analysts.
2 mins
Air India announces upgrades for 2025
TATA GROUP-OWNED Air India on Monday announced plans to revamp its international network schedules, introducing new products to cater to growing international traffic.
1 min
Won't allow use of our territory against India's interests: Lanka
Anura Kumara Dissanayake on Monday assured New Delhi that Colombo will not permit the island nation's territory to be used \"in a manner that is detrimental to the interest of India\".
2 mins
Swiss tax action won't impact trade pact: Official
THE DECISION OF Switzerland to suspend the most favoured nation clause in its Double Taxation Avoidance Agreement with India will not have any impact on the investment commitments under the Trade and Economic Partnership Agreement that the European Free Trade Association (EFTA) has signed, commerce secretary Sunil Barthwal said on Monday.
1 min
MSME concerns about steel duty will be considered
THE DIRECTORATE GENERAL of Trade Remedies (DGTR) has started an investigation into the complaints of dumping of steel in the domestic market and will also take into account the interests of the user industry before firming up its view, a senior official said on Monday.
1 min
Adani, Ambani drop out of elite $100-billion club
HE'S BEEN FIGHTING to shore up investor confidence after short seller Hindenburg Research last year published a report accusing the firm of fraudulent practices.
2 mins
Lobana appointed Google's India V-P
TECH GIANT GOOGLE on Monday announced the appointment of Preeti Lobana as the new country manager and vice president for India.
1 min
Dixon's FY25 smartphone volumes may hit 30 mn
Benefit of JV with Vivo to be seen in FY26, says firm
2 mins
India leading in AI adoption: Report
INDIAN ENTERPRISES ARE leading in the adoption and experimentation with artificial intelligence as compared to the global average, according to a report by data integration, analytics, and artificial intelligence (AI) service provider Qlik.
1 min
2024 to end with record office space leasing: Report
INDIA'S OFFICE LEASING market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83-85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday.
1 min
79% firms may raise AI spending in 2025
AS MANY AS 79% of surveyed organisations are planning to increase their AI budgets in 2025, an increase of 41% from 2024, driven by confidence in the return on investment the technology is poised to bring, said cloud-based software-as-a-service company Freshworks’ AI Workplace Report.
1 min
PSBs split over perquisite tax liability for employees
SBI, BOB cover tax; PNB, Union Bank offer loans to staff
2 mins
RBI governor urges colleagues to strive for perfection
RBI GOVERNOR SANJAY Malhotra on Monday urged staff to aim for perfection in their duties, emphasizing continuous improvement as the institution enters a new era.
1 min
Despite CRR cut, call rates jump above MSF
TOUGH ROAD AHEAD
2 mins
High reinsurance costs a bigger worry for life insurers
Aditya Birla Sun Life Insurance (ABSLI), which ended FY24 with around ₹17,500 crore in gross written premiums (GWP), aims to double its business in the next three years.
2 mins
HDFC Bank gets warning from Sebi, second in a week
HDFC BANK ON Monday said it has received a second administrative warning from the Securities and Exchange Board of India (Sebi) within nearly a week, due to a three-day delay in disclosing the resignation of its mortgage business head Arvind Kapil in March this year.
1 min
Urban growth takes a toll
TOLLING IN WHAT HAVE BECOME ARTERIAL ROADS IN CITIES GETS A PUSHBACK FROM CITIZENS
3 mins
Upgrade cross-border payments
With India being the world's largest recipient of remittances since 2022, the urgency to modernise its payment systems has never been greater
3 mins
Apollo Tyres: Cost pressure to persist in Q3
Aims to expand network with focus on micro-regions
2 mins
Dabur to leverage new launches
Plans to acquire new customers, boost order frequency
1 min
Chancellor Scholz loses vote of confidence in Germany
THE GERMAN PARLIAMENT accepted Chancellor Olaf Scholz's invitation to withdraw its confidence in him and his government on Monday, clearing the way for the February 23 early election necessitated by the collapse of his government.
1 min
Popeye, Tintin to enter public domain in '25
POPEYE CAN PUNCH without permission and Tintin can roam freely starting in 2025. The two classic comic characters, who first appeared in 1929, are among the intellectual properties becoming public domain in the United States on January 1.
1 min
Trump transition team to roll back Biden EV policy
Regulations on fossil-fuel cars likely to be eased
1 min
Canadian FM quits after clash with PM
CANADA'S FINANCE MINISTER Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible U.S. tariffs, dealing another blow to an already unpopular government.
1 min
SoftBank CEO to unveil $100-bn investment in US
SOFTBANK GROUP CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a Monday visit to US President-elect Donald Trump's residence, Mar-a-Lago, CNBC reported.
1 min
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