Financial Express Kochi - December 17, 2024
Financial Express Kochi - December 17, 2024
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December 17, 2024
Govt to allow self-approval for PF withdrawals from next fiscal
EPFO to avail cash credit to address any liquidity crunch
2 mins
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
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
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
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
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
'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
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
Aide's confession: Bishnoi said special facilities for him in Sabarmati prison
FOR THE FIRST time, a close associate of Lawrence Bishnoi has claimed in a \"judicial confession\" that the arrested gangster has access to cellphones inside Gujarat's Sabarmati Central Jail where he is currently lodged.
2 mins
After NC, TMC questions EVM talk, Cong claims issue only with EC
AFTER JAMMU AND KASHMIR chief minister and National Conference (NC) leader Omar Abdullah's dismissal of objections raised by Congress leaders against EVMs, fellow INDIA bloc member Trinamool Congress (TMC) said Monday that there was nothing substantial in the allegations of EVM manipulation.
2 mins
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
IT hiring may stay low till H2FY26
A consortium led by Blackstone has emerged as the preferred bidder for a minority stake in Haldiram Snacks, sources following months of negotiations on a potential deal.
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
Dixon's FY25 smartphone volumes may hit 30 mn
Benefit of JV with Vivo to be seen in FY26, says firm
2 mins
Trade deficit widens to record high
THE UNIT PRICE of petroleum products exported from India fell to $627.16 per tonne in April-October this year from $800 per tonne in April-October 2023.
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
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
The Swiss confusion
Constantly varying interpretations of treaty provisions can potentially dent India's image
2 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
Long-term outlook positive for cement sector
CEMENT SPREADS INDICATE a slight improvement amid stable cement prices.
1 min
Pakistan cuts interest rates to lowest in over 2 years
PAKISTAN'S CENTRAL BANK cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June to revive a sluggish economy.
1 min
Senate probe finds Amazon manipulates workplace injury data
FOR YEARS, WORKER advocates and some government officials have argued that Amazon's strict production quotas lead to high rates of injury for its warehouse employees.
1 min
Popeye, Tintin to enter public domain in '25
POPEYE CAN PUNCH without permission and Tintin can roam freely starting in 2025.
1 min
Trump transition team to roll back Biden EV policy
Regulations on fossil-fuel cars likely to be eased
1 min
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