Financial Express Hyderabad - December 26, 2024
Financial Express Hyderabad - December 26, 2024
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December 26, 2024
Arunish Chawla named new revenue secy
The government on Wednesday appointed Arunish Chawla as the new revenue secretary, according to a personnel ministry order, reports the Bureau.
1 min
India Boosts Position in World Market for Copper, Aluminium Wires
IN THE EXPANDING global market for aluminium and copper wires, India has increased its share and ranking among exporters in the past decade, according to data compiled by the commerce ministry.
1 min
Export Duty on Onion to Stay Till Retail Prices Cool
DESPITE A SHARP fall in mandi prices of onions due to arrival of kharif crop, the government is unlikely to remove 20% export duty on the staple vegetable citing higher retail prices.
1 min
Experts want PDS food items out of the new inflation series
THE MINISTRY OF statistics & programme implementation (MoSPI) has floated a discussion paper to seek views on the treatment of \"free public distribution system (PDS) items in the Consumer Price Index (CPI) compilation\", as it feels the current mechanism doesn't properly capture the impact of free food distribution on inflation.
2 mins
EY report forecasts 6.5% growth in FY25, FY26
INDIA'S REAL GDP is expected to grow 6.5% in the current as well as the next financial year, according to the EY Economy Watch report.
1 min
Record RE addition of 30 GW, policy push for storage, hybrid energy
INDIA MADE SIGNIFICANT progress in the renewable energy (RE) sector in 2024 with total RE capacity reaching 205.5 gigawatt (GW) as of November in the current fiscal year 2024-25.
4 mins
Modi lays foundation stone for MP river-linking project
PRIME MINISTER NARENDRA Modi on Wednesday accused Congress of ignoring Dr B R Ambedkar's contribution to the development of water resources in the country as he laid the foundation stone of the Ken-Betwa river linking project in Madhya Pradesh.
1 min
Delhi Govt Disowns AAP New Schemes; Kejriwal Targets BJP
In an unprecedented move, senior officers in the Delhi government released public notices and disowned the registration process started by chief minister Atishi and her predecessor, Arvind Kejriwal, for two schemes announced by the ruling AAP in the national capital.
1 min
MT Vasudevan Nair, Malayalam literature & film giant, no more
Renowned Malayalam writer MT Vasudevan Nair died on Wednesday at a private hospital in Kozhikode, where he was admitted following heart failure.
2 mins
Need to counter Cong on Ambedkar, BJP tells its allies at NDA meeting
Members of the ruling NDA met Wednesday at the New Delhi residence of BJP president and Union Minister JP Nadda to discuss ways to put up a united front to counter the Opposition narrative on the issue of the Constitution and Dr B R Ambedkar.
2 mins
Allu Arjun, makers of Pushpa announce ₹2-cr financial aid for stampeded victim family
ACTOR ALLU ARJUN and makers of the film Pushpa on Wednesday announced financial assistance of ₹2 crore for the family of the woman who died in a stampede during the film's screening at a theatre here on December 4.
1 min
Synaptics to double workforce in India
NASDAQ-LISTED SEMICONDUCTOR solutions company Synaptics plans to double its workforce in India from 400 to 800 employees over the next two to three years, reinforcing its commitment to wireless and edge AI product development.
1 min
Risk management set to drive Dezerv's 2025 growth story
Dezerv, which largely caters to an affluent section of first-generation wealth creators including founders and C-suite executives, will prioritize risk management next year as markets navigate global uncertainties.
1 min
N Srinivasan Resigns as India Cements MD & CEO
INDIA CEMENTS LIMITED (ICL) on Wednesday announced that its former promoter N Srinivasan has stepped down as the company's managing director and CEO with immediate effect.
1 min
Reverse flipping all set for 'homecoming' rush
However, regulatory hurdles, high costs & tax timelines likely to pose challenges
2 mins
Ola reaches 4,000-store mark with EV network expansion
3,200 stores opened in the last month with service facilities Focus on EV adoption in smaller cities Competition from TVS, Bajaj Auto, Ather, & Greaves Ola scooters, Gig & S1 Z series, start at ₹39,999 Deliveries start April-May 2025; reservations for ₹499 Scooters feature removable batteries for all user types
1 min
Recoveries may top FY25 target of ₹5,000 cr
Aiming to expand its footprint across the country, Yes Bank plans to open 400 branches in the next five years. In an exclusive interaction, Prashant Kumar, managing director and CEO, tells Sachin Kumar about growth plans and the strategy to garner deposits at a time when the banking sector is struggling to raise low-cost funds. Excerpts:
1 min
Long-Term Debt Funds to Gain From Rate-Cut Cycle
With India expected to begin a rate-cut cycle in the coming months, long-term debt funds are poised to benefit from falling bond yields and improved market dynamics.
2 mins
Insurance penetration slips below 4% in FY24
AFTER THREE YEARS, India's insurance penetration slipped below 4% in FY24, underscoring the challenges in meeting Irdai's 'Insurance for All by 2047' vision.
1 min
Amitava Chatterjee Appointed J&K Bank MD
J&K Bank on Wednesday announced the appointment of Amitava Chatterjee, currently deputy managing director of State Bank of India (SBI), as its new managing director (MD) and CEO.
1 min
Gender gaps persist
WOMEN'S ACCESS TO PAID WORK CAN ONLY IMPROVE WHEN THE ECONOMY IS CREATING ADEQUATE JOBS
4 mins
Wegovy & Zepbound's next lap harder than acceptance
THIS TIME LAST year, people were still bickering about whether Novo Nordisk's Wegovy and Eli Lilly & Co.'s Zepbound represented a shortcut to losing weight or a medical breakthrough.
3 mins
A Baseline Scenario for Global Economy in 2025
Economic fragmentation will continue, pushing some countries to diversify their reserves further away from the US dollar and explore alternative payment systems
3 mins
Incremental gains
Growth in area under green cover is encouraging, but the threat of forest degradation must be averted
2 mins
'2025 will be the year of small language models'
Mohammed Rafee Tarafdar, chief technology officer (CTO), Infosys, says that in recent times, several small language models for India-specific needs have been launched and with the growing developer base, \"we should see a lot more GenAI applications implemented for Indian and global markets.\"
1 min
Garuda promotes precision agriculture in hinterland
• Trains over 500 rural women for agri-related services
1 min
Moving towards an IP-centric economy
A product mindset will help drive business growth
2 mins
Impact on auto sector
HOWEVER, THE FALLING rupee presents challenges for import-dependent luxury carmakers like Mercedes-Benz, BMW, Audi, and Volvo.
1 min
Russia Launches 'Inhuman' Christmas Day Attacks
RUSSIA ATTACKED UKRAINE'S energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an \"inhuman\" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.
1 min
Yoon Defies Second Agency Summons Over Martial Law
SOUTH KOREA'S SUSPENDED President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.
1 min
The angry young man
LATER, THE BUREAU of Indian Standards got into examining the matter.
1 min
China Avoids Rate Cut to Brace for Future Pressure
CHINA REFRAINED FROM cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.
1 min
Investors Get Good Exits in IPO Frenzy
IN FACT, A whopping ₹1.6 lakh crore has been mopped up in the primary market in 2024 by 90 firms, the highest so far in a year, topping the ₹1.19 lakh crore raised through IPOs in 2021 by 63 companies.
1 min
Honda-Nissan deal may hold key to fight against BYD
HONDA MOTOR ABSORBING Nissan Motor could give the two struggling Japanese brands the scale they need to take on China's BYD, sales figures released on Wednesday show.
1 min
Prosperity through cooperation
The United National General Assembly (UNGA) adopted a resolution proclaiming 2025 as the International Year of Cooperatives with 'Cooperatives Build a Better World' as the theme.
3 mins
At the G, India up against Head-strong Australia
● In-form batter declared fit for Boxing Day Test
2 mins
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