Financial Express Kolkata - December 27, 2024
Financial Express Kolkata - December 27, 2024
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December 27, 2024
Exporters seek special support for US markets
● Sops to enable additional exports of $25-bn in 3 years
2 mins
Anti-dumping probe into LNG vessels from China
INDIA'S TRADE DEFENCE body has started an anti-dumping investigation into import of liquefied natural gas (LNG) fuel tanks used in trucks and other vehicles from China.
1 min
Adani, IRB among bidders for NHAI assets
ADANI ROAD TRANSPORT and IRB Infrastructure are learnt to be among the four firms that have bid to acquire the operational highway projects of National Highways Authority of India (NHAI) under the Toll Operate Transfer (TOT) model for monetisation.
1 min
Slew of laws likely to fix insolvency
PAST YEAR SAW A SLOWING OF RESOLUTION PACE, SC INTERVENTION
4 mins
Coal power plant growth holds near 5-year high
INDIA — WHICH RELIES on coal to meet about three-quarters of electricity demand — kept installations of new capacity near a five-year high to try to meet surging power usage.
1 min
Maharashtra CM Unveils Good Governance Index
THE PROGRESS OF a state depends on 'ease of living' and this is being prioritised by the Maharashtra government, chief minister Devendra Fadnavis said on Thursday.
1 min
Gujarat traders demand cut in cotton MSP
Amid declining cotton exports and rising imports, cotton traders and associations in Gujarat are urging the government to reduce the minimum support price (MSP) for cotton.
1 min
Jubilant Foods inks deal with Coca-Cola
JUBILANT FOOD (JFL) on Thursday said it has signed an MoU with Coca-Cola company to buy sparkling drinks and other products from the beverages major.
1 min
Tata Sons chief sees a golden age for manufacturing
WITH GLOBAL SUPPLY chains increasingly tilting in India's favour, the manufacturing sector is poised for a transformative era, Tata Sons' chairman N Chandrasekaran said on Thursday in his New Year message to employees.
1 min
Demand shift pushes small cars to oblivion
ONCE AN UBIQUITOUS product on the roads, commanding a lion's share of the market, out of every 33 cars sold today just one is a mini car, highlighting a massive shift in the buyer pattern.
2 mins
Tech landscape: AI regulation, chip push to take centre stage
THE TECH POLICY landscape in 2025 is expected to focus on issues such as the implementation of the data protection law, the possible rollout of the draft of Digital India Act, AI regulation, semiconductor 2.0 incentive scheme and finalisation of the electronics components scheme.
2 mins
SECI order: RPower arm gets interim relief from HC
THE DELHI HIGH Court has granted interim relief to Reliance Power's subsidiary, Reliance NU BESS, in a petition pertaining to disqualification from participating in three bids solely on the ground of the debarment order dated November 6, issued by Solar Energy Corporation of India (SECI), against the petitioner.
1 min
Housing sales volume may fall 4%
HOUSING SALES ARE estimated to fall 4% this year in seven major cities to nearly 0.46 million units on lower launches, while sales in value terms are up 16% at ₹5.68 lakh crore.
1 min
SMFG India Credit receives ₹3,000 crore from parent
JAPANESE MAJOR SUMITOMO Mitsui Financial Group announced on Thursday that it has infused ₹3,000 crore into its Indian NBFC subsidiary, SMFG India Credit Company, via rights issue.
1 min
HC stays Religare AGM, RBI's nod for open offer
IN A SETBACK to the Burman family, the Madhya Pradesh High Court has stayed the approval granted by the Reserve Bank of India (RBI) for making an open offer to acquire an additional 26% stake in Religare Enterprises as well as the company's annual general meeting (AGM) scheduled for December 31.
1 min
Banks' bad loan ratio at 13-yr low on higher recoveries
Reduction In GNPAs, Lower Slippages
2 mins
NBFCs Maintain Double-Digit Credit Growth Last Fiscal
Loans and advances by non-banking financial companies (NBFCs) grew 18.5% in FY24, primarily driven by upper-layer NBFCs, according to the Reserve Bank of India's report on trend and progress, released on Thursday.
2 mins
Lenders Disburse Loans Worth ₹27K Cr Through ULI
BANKS AND NBFCS disbursed more than 600,000 loans amounting to ₹27,000 crore using Unified Lending Interface (ULI) as on December 6.
1 min
IndusInd plans to sell ₹1,500-crore bad loans to ARCs
INDUSIND BANK PLANS to sell nearly ₹1,500 crore worth of bad loans, including more than 1 million micro loans with a ticket size anywhere between ₹5,000 and ₹40,000, to asset reconstruction companies (ARCs), in a bid to arrest deterioration in its asset quality.
1 min
Trump's Bitcoin promise hard to keep
Can He Deliver?
1 min
Alibaba, E-Mart to form $4-bn e-tail JV in South Korea
ALIBABA GROUP HOLDING agreed to merge its South Korean operations with E-Mart's e-commerce platform to better compete in the country's fast-paced online retail sector.
1 min
Five Palestinian Scribes Killed
FIVE PALESTINIAN JOURNALISTS have been killed by an Israeli strike in the Gaza Strip, the health ministry said Thursday.
1 min
Russia Rejects Trump Call for Ukraine Truce
RUSSIA REBUFFED INCOMING US President Donald Trump's call for an immediate ceasefire in Ukraine, while saying it's ready to hold negotiations on a long-lasting peace agreement to end almost three years of war.
1 min
Nippon extends $15-bn US Steel deal deadline
The closing date was revised to the first quarter of 2025 from the third or fourth quarter of 2024 previously. JAPAN'S NIPPON STEEL said on Thursday it has extended the closing date for its $14.9 billion purchase of US Steel as US President Joe Biden weighs whether to block a deal that has faced intense opposition since it was announced.
1 min
China revises up 2023 GDP, sees little impact on 2024 growth
CHINA REVISED UPWARDS on Thursday the size of its economy by 2.7%, but said the change would have little impact on the country's growth this year, as policymakers pledged more stimulus to spur expansion in 2025.
1 min
S Korea Opposition Moves to Impeach Acting President
SOUTH KOREA'S MAIN opposition party introduced a Bill to impeach acting President Han Duck-soo on Thursday, a day before it plans to seek a vote on the move, which could deepen a constitutional crisis triggered by a short-lived martial law.
1 min
Resilience or stress?
Employment in informal manufacturing enterprises is not back to pre-demonetisation levels
2 mins
Can Biden's Green Boom Survive Trump's Wrecking Ball?
THE ENERGY TRANSITION sustained an electoral trauma as 2024 drew to a close. The incoming administration of President-elect Donald Trump promises to undo at least some of the progress made on decarbonisation under President Joe Biden.
3 mins
Corruption vs capability in PLA
ILLUSION OF STRENGTH PARTLY EXPLAINS XI JINPING'S CAUTIOUS APPROACH TO REGIONAL DISPUTES
4 mins
Transforming agricultural research
The plateauing of gains from Green Revolution necessitates the adoption of adaptive and market responsive strategies
3 mins
Speed is of the essence
● Service providers must amp up reach to expand market
3 mins
World Looks At India For Youth Power: PM On Veer Bal Diwas
HIGHLIGHTING HOW YOUTH energy has played a significant role in the country's progress, Prime Minister Narendra Modi said on Thursday that the world looks at India with hope and expectation because of its youth power, which is driving new revolutions.
1 min
Former PM Manmohan Singh passes away
IN THE SAME year, the Right to Information Act, too, was brought in, and it has since served as a tool for higher accountability in governance.
2 mins
AAP-Cong rift boils over as election nears
WITH ASSEMBLY ELECTIONS in Delhi just a month away, the war of words between the AAP and the Congress, two key constituents of the Opposition INDIA bloc, intensified on Thursday, putting others in the grouping in a quandary.
1 min
Mahatma's legacy under threat from those in power in Delhi, says Sonia
ASSERTING THAT MAHATMA Gandhi has been and will continue to be the fundamental source of inspiration, Congress Parliamentary Party (CPP) chief Sonia Gandhi on Thursday said his legacy is under threat from those in power in Delhi and the ideologies and institutions that have nurtured them.
1 min
Skilled jobs can power urban development
Panellists discussed how cities can boost employability and create enablers for migrant workers to remain invested at the Lucknow edition of IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India. The session was moderated by Udit Misra, Associate Editor
3 mins
Govt mulls tax relief for middle class
More money in the hands of the middle class may help rev up the economy, the world's fifth-biggest and which grew at its slowest pace in seven quarters between July and September.
1 min
In a first, EatSure launches multi-restaurant ordering
EATSURE, THE D2C platform of online restaurant company Rebel Foods, on Thursday announced the launch of a new feature allowing users to order from multiple restaurants in one order.
1 min
Dhindsa: Talk less, deliver more
IT IS SUCH attention to detail that's helping Blinkit leave the competition behind by a mile.
2 mins
A weak rupee may jack up import bills
\"THE COST OF imports of oil & gas will increase with a weakening rupee. However, with the decline in oil prices to $70-75 per barrel now, the impact of weakening rupee would be offset,\" said Girishkumar Kadam, senior vice-president & group head - corporate ratings, at Icra.
3 mins
Demerit act by Kohli on Konstas' striking debut
● Indian fined 20% fee for shoulder barge with teenager
3 mins
Long years of inward-looking policies by govts to blame
IN THE THIRD week of October, the International Monetary Fund said in a blog post: \"Let's start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some countries.\"
4 mins
China Clears World's Largest Dam in Tibet Near India Border
INFRA PUSH
1 min
DDF strengthens its Senior Management Team
DF has further strengthened its senior management team with the appointment of eight senior executives across major departments in recent months.
2 mins
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