Financial Express Delhi - January 07, 2025
Financial Express Delhi - January 07, 2025
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January 07, 2025
5 Infants Test Positive for HMPV in Gujarat, Karnataka, TN
FIVE INFANTS TESTED positive for the Human Metapneumovirus (HMPV) in Karnataka, Tamil Nadu, and Gujarat on Monday, the first reported cases of the virus in India.
1 min
Cutting-edge AI innovations to take centre stage at CES 2025
Top global companies to showcase advancements in mobility, digital health and sustainability
1 min
PM Inaugurates Railway Projects in J&K, Odisha
PRIME MINISTER NARENDRA Modi on Monday inaugurated virtually a slew of railway projects, including the Jammu railway division, the Charla-palli terminal station in Telangana, besides laying the foundation for the Rayagada railway division building in Odisha under the East Coast Railway.
1 min
Roll out wage & social security codes: Unions
RUN-UP TO THE BUDGET 2025-26 • Raising exemption limit on home loan interest to ₹5 lakh from ₹2L suggested
2 mins
IIFCL should lend ₹1 lakh crore in 3 years: Nagaraju
INDIA INFRASTRUCTURE FINANCE Company (IIFCL) may set an ambitious goal of extending loans of ₹1 lakh crore to the infrastructure sector in the next three years, financial services secretary M Nagaraju said on Monday.
1 min
As fees stagnate, audit firms struggle to retain talent
Just 10% nominal rise in income over five years, real income growth negative
2 mins
Investments by central agencies & CPSEs decline 10% in Apr-Nov
CAPEX SLOWDOWN
1 min
Govt Eases Conditions for Specialty Steel PLI
The government on Monday relaxed conditions of the production-linked incentive (PLI) scheme for specialty steel and reopened the application window for companies to attract investments in product categories that saw no or low participation in the first round.
1 min
Don't hire illegal Bangladeshi migrants as cheap labour, says Assam CM
Industrialists have to look beyond \"cheap labour\", and perform a \"national duty\" by not giving any jobs to illegal Bangladeshi migrants, Assam chief minister Himanta Biswa Sarma said on Monday.
1 min
Funding in space industry declines 55% to $59.1 mn
FUNDING IN SPACE sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn.
1 min
Isro to dock SpaDeX satellites on January 9
ISRO ON MONDAY said the docking experiment of SpaDeX satellites scheduled for January 7 is now postponed to January 9.
1 min
Govt Mulls Hallmarking for Silver Jewellery
FOOD AND CONSUMER affairs minister Pralhad Joshi on Monday asked the Bureau of Indian Standards (BIS) to consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands.
1 min
Services PMI rises to 4-month high in Dec
DEMAND BUOYANCY CONTINUES TO DRIVE GROWTH
1 min
Dam over Brahmaputra will not impact water flows to India: China
CHINA ON MONDAY reiterated its plan to build the world's biggest dam over the Brahmaputra River in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries -- India and Bangladesh.
1 min
Centre eyes private capital for ₹9L-cr grid expansion
INDIA IS ASKING states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.
1 min
Residual benefit of tariff hikes to boost telcos' Arpu in Q3
KEY METRIC PROJECTED TO RISE 3-5%
1 min
SC Transfers Amazon, Flipkart's Plea Against CCI to Karnataka HC
THE SUPREME COURT on Monday transferred to Karnataka High Court petitions of Amazon and Flipkart, challenging a Competition Commission of India (CCI) order for a probe into the e-commerce giants for alleged malpractices.
1 min
Lodha pre-sales soar to record ₹4,510 cr in Q3
MUMBAI-BASED REAL ESTATE developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of ₹4,510 crore, showing 32% year-on-year (y-o-y) growth in Q3FY25.
1 min
Nxtra, Bizongo lead emerging unicorns
FIVE INDIA STARTUPS VALUED AT OVER $900 MN
1 min
Festive boost to Titan biz growth in Dec qtr
TITAN'S STANDALONE BUSINESS registered a 24% year-on-year growth, the Tata Group company said on Monday while providing an update for the December 2024 quarter.
1 min
RIL arm launches Raskik Gluco Energy drink, adding fizz to hydration market
Beverage to rival Tata Consumer, Dabur products
1 min
Former executives at OYO, upGrad launch mobility platform
MAYANK KUMAR, FORMER CEO of upGrad, and Ayush Mathur, a former senior leader at OYO, have launched a new mobility platform for blue-collar workers called BorderPlus.
1 min
Adani Group lines up petchem foray
GAUTAM ADANI'S GROUP has teamed up with Thailand's Indorama Resources for a foray into the petrochemical business as the ports-to-energy conglomerate looks to expand in adjacencies.
1 min
D2C firm Frido set to be ₹200-cr brand
ARCATRON MOBILITY'S DIRECT-TO-CONSUMER (D2C) arm Frido is on track to become a ₹200-crore brand.
1 min
Auto ancillary firms aim US push with Trump's policies
INDIAN AUTOMOTIVE PARTS manufacturers are aiming to boost their share of exports to the US, driven by expectations that president-elect Donald Trump will fulfil his campaign promises upon taking office later this month.
1 min
Sterlite Grid 32 gets over ₹2,400 cr via listed NCDs
FUNDS TO BE USED TO REFINANCE MUMBAI PROJECT
1 min
PSBs' share in 'fair value' investments declines, private banks report gains
STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.
1 min
Rupee at lifetime low as equities slide; tilt bearish
THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.
1 min
RBI Should Ease Its Tight Grip on Rupee, Says Viral Acharya
Former Reserve Bank of India deputy governor Viral Acharya said the central bank should ease its tight grip on the rupee, a view that comes amid uncertainties over whether the new governor will maintain his predecessor's policy of limiting currency swings.
1 min
PSBs turn net sellers of govt securities
STATE-OWNED BANKS HAVE turned net sellers of government bonds (G-Secs) amid a widening liquidity deficit, said traders.
1 min
ITC Ends in the Red on Hotel Biz Demerger
Shares of ITC ended nearly 3% lower on Monday, as the stock traded ex-demerger, after a special trading session to discover the price for ITC Hotels.
2 mins
Sebi Relaxes Settlement Norms for Dormant Accounts
SEBI ON MONDAY said it has eased norms for the settlement of client funds in trading accounts that have remained inactive for 30 days.
1 min
Bank shares plunge up to 8% amid weak business updates
Historically, the third quarter is not a great one for banks
1 min
Trudeau steps down as Canada PM
How He Lost His Ground
1 min
Nippon, US Steel File Suit After Biden Blocks $15 Billion Deal
NIPPON STEEL and US Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based US Steel and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.
1 min
Disney nears deal to merge Hulu + Live into Fubo
WALT DISNEY AND streaming provider FuboTV are nearing a deal to combine their online live TV businesses, according to people familiar with the matter.
1 min
Netflix, WWE aim to fuel wrestling worldwide
NETFLIX'S NEXT VENTURE into live programming starts Monday when the company streams its first episode of \"Raw,\" the weekly World Wrestling Entertainment spectacle that has been a staple of U.S. television for three decades.
1 min
Pope Names 1st Woman to Head Major Vatican Office
POPE FRANCIS ON Monday named the first woman to head a major Vatican office, appointing an Italian nun, Sister Simona Brambilla, to become prefect of the department responsible for all the Catholic Church's religious orders.
1 min
Trump Haunts Central Banks Primed for Wary Rate Cuts in 2025
GLOBAL CENTRAL BANKERS are poised to cut borrowing costs further in 2025, but only warily—and with a keen eye on the policies of incoming US President Donald Trump.
1 min
Donald Trump denies he will pare back tariffs plan
President-elect Donald Trump denied a Washington Post report that his aides are considering narrowing his tariff plan so that it would only apply to limited specific critical imports.
1 min
Weak drivers
Budget should have measures to resuscitate the middle class
2 mins
Tesla and Waymo should learn from '24 air crashes
If you yearn for a future where you can travel from place to place in safety and comfort, some of the major transport events of 2024 might feel like a setback.
3 mins
Judicial Overreach Unwarranted
High court order staying Religare Enterprises AGM risks undermining shareholder rights, regulatory authority, and market confidence
3 mins
In search of a growth driver
DIFFICULT TO IDENTIFY A SECTOR THAT HAS POTENTIAL TO LIFT ECONOMY TO A HIGHER TRAJECTORY
4 mins
Cautious outlook for auto companies in Q3
● No segment shows growth except tractors
1 min
Banks: Slower loan growth a worry
Asset quality concerns ease
2 mins
SBI Cards: Credit costs to improve
● Management strengthens risk assessment measures
2 mins
Eight jawans among 9 killed in Naxal attack
IN THEIR BIGGEST strike on security forces in Chhattisgarh in two years, Naxals blew up a vehicle using an improvised explosive device weighing 60 to 70 kg, killing eight security personnel and their civilian driver in Bijapur district on Monday, police said.
1 min
Q-comm boost to gig worker hiring in 2025
THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.
1 min
Consent manager framework: A key Big Tech concern
CONSENT MANAGERS MUST meet stringent registration criteria, including being based in India with a minimum net worth of ₹2 crore and implementing robust security measures to prevent data breaches.
1 min
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
1 min
Golden Globes: The Brutalist, Emilia Perez grab top honours
THE BRUTALIST, THE story of a Holocaust survivor who chases the American dream, and musical thriller Emilia Perez took home the first major movie honours of Hollywood's awards season at the Golden Globes.
1 min
Top IITs see a drop in campus placements
● More students likely getting jobs independently
2 mins
ICC explores two-tier Test cricket system
ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points
1 min
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