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February 20, 2025

Space Sector Startups Get ₹500-Crore Fund Boost

THE INDIAN NATIONAL Space Promotion and Authorisation Centre (IN-SPACe) on Wednesday launched a ₹500-crore fund to help early-stage space technology firms go commercial and reduce reliance on imports as the country seeks to boost its market share in the global space industry.

1 min

US Reciprocal Tariffs to Have Limited Impact on India: S&P

INDIA WILL BE less impacted by the proposed US reciprocal tariff as the country's economy is mainly driven by domestic demand, and has substantial services exports, which is not going to be targeted by the Trump Administration, S&P Global Ratings said on Wednesday.

1 min

Petroleum product export volume up 3%, value down 7%

Rising Shipments

2 mins

₹5.37L-cr Rajasthan budget focuses on jobs

RECRUITMENT FOR UP to 275,000 positions in the government and private sector, water supply projects, and the construction of nine greenfield expressways were the highlights of the Rajasthan budget for 2025-26 presented by state finance minister Diya Kumari in the Assembly on Wednesday.

1 min

Higher levy on semiconductors unlikely to impact domestic firms

Nascent Stage

2 mins

Tariff threat won't blunt India's edge in pharma exports: Experts

• 25% duty unlikely if reciprocal policy is followed, say analysts

2 mins

EPF withdrawals via UPI in three months

● EPFO in talks with NPCI to launch feature

1 min

Govt to bear vegetable carrying cost

TO ENSURE THAT

1 min

SBI Research pegs GDP growth for FY25 at 6.3%

SBI Research in a report has estimated India's GDP growth to come in at 6.3% in FY25, on the assumption that no major revision takes place for Q1 and Q2 growth figures released by the National Statistical Office (NSO).

1 min

Bar Council raises objections to Advocates Bill amendments

THE BAR COUNCIL of India (BCI) on Wednesday expressed \"profound concerns\" over the proposed draft Advocates Amendment Bill, 2025, citing serious implications for the legal profession and a threat to the autonomy of the Council.

2 mins

Farm-sector GVA to grow above 4% for next five years: Chand

Says robust harvest to put a lid on food prices

2 mins

Economic momentum picking up: RBI bulletin

● I-T relief, RBI rate cut to boost demand

2 mins

Technology, creative services go hand in hand

Media company Prime Focus has announced that one of its units, Brahma, would acquire London-based AI content firm Metaphysic in a deal valued at $1.43 billion.

2 mins

Tariff threat to imported cars bad news for JLR

WITH US PRESIDENT Donald Trump intending to impose tariffs on imported cars, Tata Motors-controlled Jaguar Land Rover (JLR) would be one of the companies at the receiving end.

1 min

Mysuru layoffs: Infosys denies using force, intimidation tactics

IT SERVICES COMPANY Infosys on Wednesday said it did not use force or intimidation tactics when it laid off trainees at Mysuru campus over performance-related issues, and that it was explaining the circumstances to the labour department authorities.

1 min

Tesla Eyes India Entry With Retail Operations in April

To start with an EV under ₹22 lakh

2 mins

US SEC seeks govt help in probe into Adani fraud

THE US SECURITIES and Exchange Commission has asked the government for help in its investigation of Adani Group founder Gautam Adani and his nephew over alleged securities fraud and a $265-million bribery scheme, a court filing showed on Tuesday.

1 min

Industry unfazed over 25% tariff threat

DRUG COMPANIES AND analysts said that India being a low cost supplier of medicines and vaccines to the US market, even a 25% across-the-board duty on all drug imports by the US would not blunt the competitive edge of Indian exporters.

1 min

X Doubles Premium+ Price

SOCIAL NETWORKING PLATFORM X has increased the pricing of Premium+ subscription service by 98% to ₹3,470 a month in India.

1 min

JBM arm bags e-bus order worth ₹5,500 cr

JBM Ecolife Mobility, a JBM Auto subsidiary, announced on Wednesday that it has secured an order worth ₹5,500 crore for supplying 1,021 electric buses under the PM e-Bus Sewa Scheme 2—around a quarter of the 4,588 e-buses tendered.

1 min

PV sales growth may hit the brakes next fiscal

WHILE THE INCOME tax relief announced in the Union Budget will put more money in the hands of taxpayers, automakers believe it won't be a major factor in driving car sales.

1 min

Tata Comm to leverage sovereign AI to expand biz

TATA COMMUNICATIONS, through its partnership with AI solutions developer CoRover.ai, will build on the proposition of sovereign AI to expand its business-to-business digital solutions business.

1 min

'Very unfair' for Tesla to set shop in India: Trump

This Effectively Dashes

1 min

Have cut dependency on IT firms to just 30%: Deutsche Bank CTO

DEUTSCHE BANK HAS significantly reduced its reliance on IT services companies, shifting from a 70% dependency model to just 30% over the past five years, according to Bernd Leukert, chief technology, data, and innovation officer at Deutsche Bank.

1 min

iPhone parts maker Murata eyes supply chain shifts towards India

Gearing Up

2 mins

Samsung workers' row set to intensify

• Discussions with management fail to resolve deadlock

1 min

Cashing Out

The smart rally in the market, which peaked in late September 2024, saw promoters cashing out.

1 min

Brent rises 1% amid supply concerns

OIL PRICES ROSE about 1% to a one-week high on Wednesday on worries about supply disruptions in Russia and the US, while the market awaits clarity on sanctions as the US attempts to broker a deal to end the war in Ukraine.

1 min

Indices End Lower in Volatile Trade

BENCHMARK INDICES SENSEX and Nifty ended marginally lower in a volatile trade on Wednesday, dragged by blue-chip IT stocks.

1 min

Yono 2.0 beta version will be launched in June: SBI chief

Have deposit rates peaked? Interest rates appear to have peaked, and if monetary transmission has to happen, it cannot be only through loan repricing. Sooner or later, deposits will also get repriced. The transmission will happen both on the asset side as well as liabilities. The time lag would be there because loans immediately get repriced, especially if they are linked to the

3 mins

Khara-led Irdai committee to review sector reforms

THE INSURANCE REGULATORY and Development Authority of India (Irdai) has set up a seven-member committee, led by former State Bank of India chairman Dinesh Khara, to review reforms in the sector, according to sources.

1 min

Hexaware valued at $5.3 billion on debut

Lists at 6.6% Premium

2 mins

Nvidia revival marks end of great DeepSeek panic

THE GREAT DEEPSEEK Panic of January 2025 is officially over.

3 mins

Searching for peace

The Russia-Ukraine war can end only when the warring parties decide to silence their guns

2 mins

A helping hand for app-based startups

Those days are gone when people used to type URLs to search websites for any data, product or service.

2 mins

Making YouTube fun & safe for kids

Year of launch: 2022

1 min

Personal AI coach

Year of launch: 2020 SPEAKX IS FOCUSED on transforming English language learning through AI-powered personalised tutoring. It caters to learners of all ages, helping them develop both conversational and professional English-speaking skills.

1 min

MUDA: Lokayukta police to close probe against Siddaramaiah

CITING LACK OF evidence, the Karnataka Lokayukta police is set to file a closure report in its investigation into alleged irregularities in the allotment of 14 housing sites by the Mysore Urban Development Authority (MUDA) to Chief Minister Siddaramaiah's wife in 2021.

1 min

HSBC to save $1.8 bn over two years under new CEO

HSBC EXPECTS TO incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut long-term costs and boost profits while navigating diverging interest rate policies and geopolitical turmoil.

1 min

Musk's X in talks to raise money at $44-bn valuation

ELON MUSK'S X social media platform is in talks to raise money from investors at a $44 billion valuation, Bloomberg reported on Wednesday, citing people familiar with the matter.

1 min

CT25: High stakes in hybrid model

During peak tourist season in Dubai, the India versus Pakistan clash should be able to cash in

3 mins

Salaries in India to rise 9.2% in 2025: Survey

SALARIES IN INDIA are set to rise by an average 9.2% in 2025 as compared to 9.3% last year, amid global uncertainty and softening growth, leading global professional services firm Aon said.

1 min

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Financial Express Lucknow Newspaper Description:

Editor: The Indian Express Ltd.

Categoría: Newspaper

Idioma: English

Frecuencia: Daily

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