Financial Express Delhi - December 12, 2024
Financial Express Delhi - December 12, 2024
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December 12, 2024
DPIIT to examine why demand for higher import tariffs exists
THE GOVERNMENT WILL have to look into why the industry has still not become competitive and demands for higher import tariffs keep coming up, while India's import duties are at world average, a senior official said on Wednesday.
1 min
Pharma exporters fret over regulatory hurdles
CHALLENGING TIMES
2 mins
Import management system for laptops extended till Dec '25
The government on Wednesday extended the import management system for laptops, tablets and other IT hardware by a year beyond December 31.
1 min
CCI looking at killer, creeping acquisitions in digital market
The Competition Regulator is closely watching the mergers and acquisitions (M&As) in the digital market to identify \"killer\" and \"creeping\" acquisitions.
1 min
Industry should strategically realign, support MSMEs: FM
● Inflation a global challenge, says Sitharaman
2 mins
Agriculture has tremendous opportunity to grow vertically: ITC chairman
THERE IS A 'serious concern' over food and nutrition security across the world, and it is among the factors that are making food inflation 'sticky', ITC chairman & managing director Sanjiv Puri said on Wednesday.
1 min
CEA warns against undue regulation stifling innovation
● Asks regulators to be mindful of the limitations of \"unelected power\"
1 min
286 primary agri credit societies apply to set up fuel pumps: Shah
AS MANY AS 286 primary agricultural credit societies from 25 states and Union Territories have applied so far to set up retail petrol and diesel outlets, Cooperation Minister Amit Shah informed Parliament on Wednesday.
1 min
Concern in govt: Pvt sector profit at 15-year high but salaries stagnant
● From services to manufacturing, wages show marginal growth
4 mins
ADB lowers India growth estimate to 6.5% for FY25
MUTED OUTLOOK
1 min
Flagship jobs scheme likely to come on stream by early Jan
The government is likely to notify its flagship employment-linked incentive schemes (ELIs), introduced in the Budget, by early January, in order to boost job creation as well as manufacturing activity, an official source said.
1 min
Short-video apps bounce back with new monetisation strategies
DOMESTIC SHORT VIDEO platforms are seeing a revival after the post-pandemic slump, driven by innovative monetisation strategies and hyper-local content.
2 mins
Adani opts out of US funding for Colombo Port project
ADANI GROUP HAS pulled out of a loan deal with a US agency to fund a port terminal in Sri Lanka, saying that it will use its own resources for the project.
1 min
Swiggy introduces invite-only premium membership
FOOD DELIVERY MAJOR Swiggy on Wednesday introduced an invite-only membership programme One BLCK, offering benefits like on-time delivery guarantee and complimentary cocktails, drinks or desserts for dining-out customers.
1 min
FMCG firms count on revival in urban demand by FY26
DOMESTIC CONSUMER GOODS companies expect market growth rates to improve by FY26 as the urban slowdown pangs may subside by then, executives at top FMCG firms said.
2 mins
Zepto to roll out separate app for Cafe offerings
QUICK COMMERCE PLATFORM
1 min
RPower arm bags 930 MW contract from SECI
RELIANCE NU SUNTECH, a subsidiary of Reliance Power, has bagged a 930 MW solar energy contract for battery energy storage system (BESS) project from Solar Energy Corporation of India (SECI) in an e-reverse auction held on December 9.
1 min
Bhartias to buy 40% in Coke's India bottler
MORE IMPORTANTLY, THE stake sale is likely to pave the way for an initial public offering of HCCB in about two years, sources added.
1 min
InMobi's Glance TV ties up with Airtel
INMOBI'S GLANCE, WHICH provides lockscreen content on mobile phones, has partnered with Bharti Airtel to extend the offering to television, specifically connected TVs (CTVs), the companies said on Wednesday.
1 min
GMR rolls out AI tool for airport ops
● After Hyderabad, facility to be launched in Delhi
1 min
Toyota brings new Camry, looks to take on Audi, Merc
TOYOTA KIRLOSKAR MOTOR on Wednesday drove in the all-new Camry sedan priced ₹48 lakh, ex-showroom, making it a competitor to luxury cars like Mercedes-Benz C-Class (₹59.4 lakh), BMW 3 Series Gran Limousine (₹60.6 lakh), and Audi A4 (₹46.02 lakh).
1 min
Venture Catalysts looks to end FY25 by backing 40 startups
FOCUS ON CUTTING-EDGE SECTORS LIKE SPACE TECH, DEFENCE TECH, AI
1 min
Rupee to outperform emerging market peers in periods of dollar strength
Emerging market (EM) currencies with larger trade surplus with the US could be more at risk once Donald Trump assumes office.
3 mins
RBI has huge responsibility to ensure growth: Governor
● Central bank to ensure growth to continue, says Malhotra after assuming charge
2 mins
Bajaj Fin may face asset quality, credit cost challenges
SHARES OF BAJAJ Finance (BFL) gained 2.61% to close at ₹7,115.75 on the BSE on Wednesday, a day after the management shared an upbeat guidance and spoke about its long-range strategy (2025-2029) and artificial intelligence (AI) pivot during a meeting with analysts.
1 min
US inflation rises 2.7%, solidifies bets on Fed cut
US CONSUMER PRICES rose at a firm pace in November that was in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week.
1 min
ReNew Energy to buy out US-listed shares
AN EMAIL SENT to the company did not elicit any response until the time of going to the press.
1 min
ONGC eyes Shell, Petronas tie-ups
THE COMPANY IS also looking at Indian companies in a major way to help it monetise its isolated smaller discoveries by developing modular solutions such as Small LNG plants/Mobile LNG or CNG Plants etc.
2 mins
Review of Nippon's deal with US Steel ongoing as latter's shares fall
A NATIONAL SECURITY review of Nippon Steel's $15 billion bid for US Steel is ongoing and President Joe Biden will see what it yields before making a decision on whether to block the deal, the White House said on Tuesday, cautioning he still opposes the tie-up.
1 min
ONGC eyes Shell, Petronas tie-ups
THE COMPANY IS also looking at Indian companies in a major way to help it monetise its isolated smaller discoveries by developing modular solutions such as Small LNG plants/Mobile LNG or CNG Plants etc.
1 min
Biden mulls new Russia oil sanctions to weaken Putin
THE BIDEN ADMINISTRATION is weighing new, harsher sanctions against Russia's lucrative oil trade, seeking to tighten the squeeze on the Kremlin's war machine just weeks before Donald Trump returns to the White House.
1 min
Xi readies bargaining chips for US trade war
PRESSURE ON YUAN HAS RISEN SINCE TRUMP'S VICTORY
2 mins
Trump Vows to Speed Up Permits for Those Investing $1 Billion in US
President-elect Donald Trump said his administration would help expedite permits for any person or company that invested at least $1 billion in the U.S.
1 min
Change course
The economy's capacity is constrained, Budget must unveil consumption booster and more
2 mins
Whither universal health coverage in India?
India's Universal Health Coverage policy should focus on the reduction of inequalities in our core health outcomes
3 mins
Building LLMs: a strategic necessity
TO ENSURE LONG-TERM RESILIENCE, IT IS IMPORTANT FOR INDIA TO TRAIN ITS OWN LLMs
3 mins
Making digital work for women
● UPI's ease of use allows them to expand business
2 mins
Prioritising inclusion in social networking
Famm Connect acts as a LinkedIn for the LGBTQ+ community
2 mins
Early detection to prevent TB spread
● AI-led solutions help screening for the disease
2 mins
Equirus Wealth crosses ₹10K cr in assets under management
Equirus Wealth on Wednesday said it has surpassed ₹10,000 crore in assets under management (AUM).
1 min
MFs, pension funds must be active in corp bond market: Setty
STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.
1 min
Sebi notifies tighter insider trading rules
WIDENING THE NET
1 min
Rupee gains 2p to settle at 84.83
THE RUPEE GAINED 2 paise to close at 84.83 against the US dollar on Wednesday, a tad above its all-time low level, amid rising expectations of a shift in the Reserve Bank's monetary policy stance following the appointment of Sanjay Malhotra as the new governor.
1 min
EY case puts spotlight on white-collar labour laws
● Decades-old laws largely focused on blue-collar workers
1 min
Why international stars are pulling out of Hockey India League en masse
IN OCTOBER, WHEN the Hockey India League (HIL) player auctions were held, 96 international stars were snapped up by eight men and four women franchises. Now, with a fortnight left for the competition to begin, more than one-fourth of them have pulled out.
2 mins
Pushpa 2 hits ₹1,000-crore milestone at global BO
ALLU ARJUN'S PUSHPA 2: The Rule has hit the milestone of ₹1,000 crore at the global box office in just six days, making it the fastest Indian film to register the feat.
1 min
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