Financial Express Delhi - December 10, 2024
Financial Express Delhi - December 10, 2024
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December 10, 2024
100,000 Bima Sakhis may be enrolled in 12 months
The Stipendiary Scheme launched by Life Insurance Corporation on Monday to engage women career agents (MCAs) could cost the insurer ₹845 crore in the first year, while the new business generated by them is likely to be five to seven times the cost incurred, chairman Siddhartha Mohanty said.
1 min
Pharma cos unfazed by US developments
THE INDIAN PHARMA industry is not worried about the possible benefits for Chinese biotech firms following the exclusion of the Biosecure Act, aimed at blacklisting them, from a key US defence budget Bill.
1 min
100,000 Bima Sakhis may be enrolled in 12 months
THE STIPENDIARY SCHEME launched by Life Insurance Corporation on Monday to engage women career agents (MCAs) could cost the insurer ₹845 crore in the first year while the new business generated by them is likely to be five-seven times the cost incurred, chairman Siddhartha Mohanty said.
1 min
NHAI raises ₹775 cr through green bonds
THE SPECIAL PURPOSE vehicle of the National Highways Authority of India (NHAI) has raised ₹775 crore through its maiden green bond issue to finance the Delhi-Mumbai Expressway.
1 min
Rajasthan investor summit draws ₹35 lakh-cr pledges
LEADING INDIAN CONGLOMERATES and other companies have pledged to make combined investments of more than ₹35 lakh crore in Rajasthan over the next few years under the memoranda of understanding signed with the state government, with the largest commitment of ₹7.5 lakh crore coming from Adani Group.
1 min
PIT outpaces Budget during April-October, capex shrinks
DURING THE SEVEN months of FY25, personal income tax collections grew at a faster clip of 20.2% on year against the full-year Budget estimates (BE) of 16.1%, reports Saikat Neogi.
1 min
Township for data centres likely: Goel
LEADING INDIAN CONGLOMERATES and other companies have pledged to make combined investments of more than ₹35 lakh crore in Rajasthan over the next few years under the memoranda of understanding signed with the state government, with the largest commitment of ₹7.5 lakh crore coming from Adani Group.
3 mins
Oppn mulls impeachment resolution against Dhankhar
THE UNEASY RELATIONSHIP that Opposition parties share with Rajya Sabha chairman and vice-president Jagdeep Dhankhar is set to come to a head as the INDIA bloc parties have decided to submit a notice to move a no-confidence or impeachment resolution against him.
1 min
Soros row: BJP, Cong trade charges
Uproar over BJP's allegations linking top Congress leaders with US-based billionaire investor George Soros-funded organisations involved in 'anti-India' activities rocked both houses of Parliament which failed to transact any business,
1 min
Delhi flags minorities' plight, Dhaka says internal issue
● India calls for 'constructive' ties, says attacks 'regrettable'
1 min
First test flight lands at Noida airport
THE FIRST VALIDATION flight landed successfully at the Noida International Airport on Monday.
2 mins
Tata Motors, Kia announce price hikes
● Best offers on 2023-made models
2 mins
Vodafone Idea to raise ₹1,980 cr from parent
VODAFONE IDEA ON Monday said its board has approved the issuance of up to 1.75 billion shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore.
1 min
Jewar land prices may rise by 50% in 6 years
JEWAR, A SMALL town along the Yamuna Expressway, is emerging as one of the fastest-growing real estate micro markets because of the upcoming international airport leading to a 40% appreciation in land prices in the last five years.
1 min
LG India paid ₹323 cr in royalty to parent in FY24
LG ELECTRONICS INDIA, which filed its offer document last week for a $1.8-billion initial public offering (IPO), paid 2.3-2.4% of sales in royalty to its parent in FY24, totaling ₹323 crore, its draft red herring prospectus (DRHP) showed.
2 mins
BookMyShow FY24 profit rises 28% to ₹109 cr
BookMyShow's net profit grew 27.6% to ₹108.63 crore in the financial year 2023-24 (FY24) from ₹85.11 crore in the last fiscal year (FY23).
1 min
AI's rise driving demand for computers: Lenovo
ARTIFICIAL INTELLIGENCE (AI), THE transition from Windows 10 to Windows 11, and a lifecycle upgrade following the pandemic is boosting the demand for personal computers (PCs), Ashish Sikka, Lenovo India's director and category head, told FE.
1 min
Zaggle aims to double revenue by next fiscal
● Firm evaluating acquisition opportunities
1 min
Livguard looks to incur ₹3,360-cr capex in 5 yrs
The energy storage firm plans to raise around ₹1,697 cr-₹2,121 cr in the next financial year, which will be used for increasing production capacity at its new facilities
1 min
MapmyIndia parent to not invest in outgoing CEO firm
CE INFO SYSTEMS, the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback, with its shares closing 16% higher.
1 min
AI places an order for 100 aircraft
SIX AIRBUS A350-900s have been delivered to Air India and are operational on several domestic and international routes, including Delhi-London.
1 min
CCI seeks SC hearing in e-commerce antitrust case
THE INVESTIGATION IS a major regulatory challenge for Amazon and Flipkart in a market where e-commerce sales are set to exceed $160 billion by 2028, up from $57 billion to $60 billion in 2023.
1 min
RBI's proposals could drive up credit costs
● Experts say LCR norms to hit banks' NDTL by 200-250 bps
2 mins
Master of the finest balancing act
● Despite not succeeding in sending the inflation 'elephant' back to the jungles, he was able to resist the rate cut pressure
3 mins
Sebi alerts on risks of unlisted securities trading
THE SECURITIES AND Exchange Board of India (Sebi) has cautioned investors against platforms that facilitate transactions in unlisted securities of public limited companies.
1 min
FMCG shares weigh heavily on benchmark indices
FAST-MOVING CONSUMER goods (FMCG) stocks, coupled with other geopolitical concerns, weighed on the benchmark indices on Monday, leading to a decline for the second straight session.
1 min
Crypto doesn't deserve a tax exemption
I AM (MOSTLY) bullish on crypto and (usually) sceptical of higher taxes, especially on capital gains. So why do I think it would be wrong to make crypto assets exempt from capital gains taxes, as President-elect Donald Trump's administration is reportedly considering?
3 mins
A solution in search of a problem
While the idea of a BRICS currency is a powerful negotiating tool in challenging dollar dominance, there are more long-term solutions
3 mins
A new beginning
As he begins his term as RBI governor, Malhotra has to fill the big shoes of Das who has done a tremendous job
2 mins
Globalisation and India
VOLATILE GEOPOLITICAL REALITIES DO NOT AUGUR THE END OF GLOBALISATION
4 mins
CEAT: Focus on off-highway tyres
Camso deal to also strengthen company's portfolio in tracks
1 min
● FMCG company's long-term prospects are positive
The management anticipates mid-single-digit revenue growth with Ebitda margins below the normal range of 24-27%
2 mins
Tata Power: Focus on green energy growth
● Solar manufacturing, rooftop EPC projects to be key drivers
1 min
Chipmaker Nvidia faces Chinese probe
CHINA ON MONDAY said it has launched an investigation into Nvidia Corp over suspected violations of the country's anti-monopoly law, in a move that will likely be seen as a retaliatory move against Washington's recent chip curbs.
1 min
South Korean prez barred from travelling abroad
SOUTH KOREAN PRESIDENT Yoon Suk Yeol has been banned from leaving the country over a failed attempt at imposing martial law, a justice ministry official said on Monday, amid growing calls for him to step down and a deepening leadership crisis.
1 min
Gallagher to buy Assured Partners in $13.45-bn deal
ARTHUR J GALLAGHER said on Monday it would acquire insurance broker Assured Partners in an all-cash deal worth $13.45 billion, as it looks to bolster its focus on property and casualty and employee benefits across the U.S.
1 min
CVC offers to buy software firm in $1.2-billion deal
SHARES IN GERMAN health-care software provider CompuGroup Medical surged 30% on Monday after the company said investor CVC Capital Partners has offered to acquire it and take it off the stock exchange.
1 min
Sanjay Malhotra to succeed Shaktikanta Das as next RBI governor
While the growth in gross domestic product (GDP) plunged to a seven-quarter low of 5.4% in the second quarter of the current fiscal and demand looked weak, the RBI maintained its \"neutral\" stance.
2 mins
China signals bolder stimulus as Trump returns to power
● Shift from 'prudent' strategy to come after 14 years
1 min
Policy shift spurs surge in stocks, bond
STOCKS JUMPED AND China's government bonds rallied after the Politburo shifted its monetary policy stance to imply more easing is coming, mirroring moves made in previous crises.
1 min
FY25 Budget shows ways to build an efficient workforce
SKILLS-BASED GROWTH COMPACT CAN BE KEY
3 mins
IT sector hiring may grow 20% in 2025
THE IT SECTOR, which is on the path of recovery, is expected to witness 15-20% growth in job opportunities across various industries in 2025, talent solutions company NLB Services said.
1 min
India monitoring Syria situation, calls for stability
A DAY AFTER rebel forces overthrew President Bashar Assad's authoritarian government in Syria, India on Monday joined leading nations to call for stability and preserve the unity, sovereignty and territorial integrity of the Arab nation.
1 min
MFI disbursals drop 10% in Q2 as credit quality takes a hit
DISBURSEMENTS BY MICROFINANCE institutions dropped by more than 10% in the July-September period compared to the year-ago period as the industry started witnessing stress on asset quality, according to data shared by a self-regulatory organisation.
1 min
SVOD audience falls 2% in India: Report
INDIA'S SUBSCRIPTION VIDEO-ON-DEMAND (SVOD) audience base has witnessed a slight decline, dropping by 2%, from 153 million in 2023 to 150.6 million in 2024, according to The Ormax SVOD Audience Report: 2024.
1 min
Verdict is clear: Mega merger unlikely to threaten WPP's stupendous lead in India
Globally, Omnicom is the bigger of the two partners; but in India, IPG is at least three times larger than Omnicom, and WPP is double the size of IPG
2 mins
Omnicom takes aim at Big Tech, AI with $13-bn Interpublic deal
OMNICOM GROUP has struck a $13.25 billion all-stock deal to buy rival Interpublic, creating the world's largest advertising agency as traditional players look to better compete with Big Tech firms amid accelerating use of AI.
1 min
Luxury property market is a boon to Trump's biz
Following Trump's win, a developer told local media about new deals. Like others, Indian firms buy land, build high-rises, sell the units and pay a fee to use 'Trump' name, which is putting India even more squarely in Trump Organization's sights
3 mins
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