Financial Express Lucknow - December 11, 2024
Financial Express Lucknow - December 11, 2024
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December 11, 2024
Retail inflation likely fell sharply to 5.6% in Nov
● Decline was mainly due to cooling of vegetable prices
1 min
Inoperative Jan Dhan accounts have ₹14,750 cr balance
INOPERATIVE BANK ACCOUNTS under Pradhan Mantri Jan Dhan Yojana (PMJDY) have a balance of ₹14,750 crore as of November 20, 2024, the finance ministry informed Rajya Sabha on Tuesday.
1 min
Highway construction declines 6.6% on year
HIGHWAY CONSTRUCTION IN the first eight months of this fiscal stood close to 4,900 km, which is 6.6% lower than 5,248 km in the same period last year.
1 min
PM to lay out plan for socio-economic growth
● Agenda includes jobs, manufacturing, and MSMEs
1 min
Rail freight loading trails modest Budget estimates
• Just 2.1% growth in April-Nov despite no increase in tariffs
2 mins
Industry body seeks separate policy for stainless steel sector
INDUSTRY BODY ISSDA has urged the government to formulate a separate policy for the stainless steel industry.
1 min
List of approved solar models & makers issued
THE GOVERNMENT ON Monday issued an order to include solar cells under the ambit of Approved List of Models and Manufacturers (ALMM) effective from June 1, 2026, a measure aimed to boost domestic manufacturing of solar cells and reduce dependency on Chinese imports.
1 min
India to defend fishing subsidies at WTO meet
INDIA HAS POINTED out that its per capita subsidies to farmers amount to just $35 a year as compared to $76,000 that some of the biggest fishing economies provide and the World Trade Organisation (WTO) should look at per capita rather than aggregate support for fisheries as the trade regulating body discusses further measures to tackle overfishing.
1 min
National Broadband Mission 2.0 in the works
The Department of Telecommunications (DoT) is working on the next leg of the National Broadband Mission to improve connectivity, quality of services, increase broadband penetration, and infrastructure in the country.
1 min
S&P Global: India set for 'resilient' growth in 2025
THE INDIAN ECONOMY is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its 'India Outlook for 2025' note.
1 min
Stand against China-led investment to continue
INDIA WILL CONTINUE to oppose China's move at the World Trade Organisation (WTO) for an agreement on investment facilitation even though it has garnered support from 128 countries out of 166 members, a senior official said.
1 min
Oppn submits motion to remove Dhankhar
IN A FIRST, parties of the INDIA opposition bloc on Tuesday submitted a notice to bring a motion in Rajya Sabha for the removal of Vice President Jagdeep Dhankhar, accusing him of \"partisan\" conduct as the chairman of the Upper House.
1 min
Will focus on fintech, consumer startups, says Stride Ventures
AS IT LOOKS at its next phase of growth, venture debt firm Stride Ventures will increase focus on investments in consumer, fintech, and cleantech startups and reduce exposure to the B2B sector.
1 min
RIL, L&T arm, ReNew bid for green hydrogen sops
WAAREE, AVAADA ALSO SUBMIT BIDS UNDER TRANCHE II
1 min
Amazon enters q-commerce race with 15-minute delivery
JOINING THE RUSH
2 mins
Peripheral areas witness bigger spike in home prices than prime locations
NEWER REAL ESTATE micro markets have seen higher price growth over the past six years than many prime locations across the top 7 cities, a report by Anarock showed.
1 min
‘Nano units helping us bridge service gap for new-age channels’
Hindustan Unilever (HUL), the country's largest consumer goods company, runs a network of 28 factories and 35 warehouses, producing over 75 billion units across 2,000+ products annually.
3 mins
Global airlines may surpass $1-trn revenue mark in 2025
THE GLOBAL AIRLINE industry is projected to report a net profit of $36.6 billion in 2025, slightly higher than expected this year, helped by lower oil prices and cost control, IATA said on Tuesday.
1 min
Legacy firms wrest 51% of EV 2W pie
THE DELHI-BASED COMPANY also more than doubled its volumes and retained its tag of being the fifth largest player in this category with a 6% market share.
1 min
RPower sets up green arm, names CEO, COO
RELIANCE POWER ON Tuesday announced setting up its renewable energy business arm Reliance NU Energies and appointed Mayank Bansal as chief executive officer and Rakesh Swaroop as chief operating officer of the subsidiary.
1 min
Re nears 85 as rate cut bets rise
THE MARKET WILL closely watch the new governor's strategy of handling pressure on the rupee. The market expects the new governor to be more flexible in his policies related to dollar-rupee.
1 min
GenAI to play key role in fighting cyber risks: TCS
TO COMBAT THE rising menace of GenAI-powered cyberattacks, Tata Consultancy Services (TCS) on Tuesday suggested a counter-intuitive approach: just like fighting fire with fire, organisations must deploy GenAI-powered threat detection and response systems.
1 min
Most APAC firms see benefits of AI in 2-5 years: IBM survey
NEARLY 60% OF surveyed organisations across the Asia-Pacific region (APAC) anticipate realising the benefits of their artificial intelligence (AI) investments within two to five years, a recent study commissioned by IBM, titled \"APAC AI Outlook 2025\", said.
1 min
SP Group sells Mumbai land for ₹455 cr
THE SHAPOORJI PALLONJI Group has sold a 19,589.22 sq ft land parcel in the upscale Juhu locality of Mumbai to Agarwal Holdings for ₹455 crore.
1 min
Fintech firm Jar's jewellery e-comm bet yields results
TIGER GLOBAL-BACKED FINTECH startup Jar, best known for its digital gold savings offering, has crossed ₹100 crore in annualised recurring revenue (ARR) from its jewellery e-commerce vertical Nek, just nine months after its launch in February, co-founder and CEO Nishchay AG said.
1 min
Adani seeks fresh lifeline for troubled $2-bn power plant
ADANI POWER is seeking fresh concessions from the Union government for its $2 billion coal-fired plant in eastern India, which is currently struggling with a payments backlog from Bangladesh, the only buyer of its electricity.
2 mins
Equity MF inflows in November drop 14%
● Second consecutive month of SIP inflows crossing the ₹25,000-crore mark
2 mins
Restoring inflation-growth balance most important: Das
The outgoing Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said on Tuesday that restoring the inflation-growth balance is the most important task ahead for the central bank.
1 min
Expect retail loans to drive incremental advances
City Union Bank, traditionally focused on MSMEs, has expanded into retail lending. In an interview with Narayanan V, managing director and CEO N Kamakodi explains the rationale behind diversifying its portfolio, and outlines its lending plans. Excerpts
2 mins
A hard 'taskmaster' with 'memory of an elephant'
SANJAY MALHOTRA, A career civil servant who has mostly kept a low profile, was picked as the governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das who is leaving after a six-year stint.
1 min
Graft trial: Netanyahu first Israel PM to testify
Benjamin Netanyahu took the witness stand for the first time in a corruption trial in which he's accused of bribery, fraud and breach of trust, a case that's played havoc with the nation's political life for nearly a decade.
1 min
Can Trump end US birthright citizenship? Not easily
PRESIDENT-ELECT DONALD J TRUMP has revived talk of abolishing birthright citizenship — the guarantee, rooted in common law and enshrined in the Constitution for more than 150 years, that anyone born in the United States is automatically an American citizen.
1 min
China's exports to US surge amid rising tariff concerns
● Unexpected drop in imports shows weak Chinese demand
2 mins
Apple rally unabated amid sluggish growth
APPLE HAS THE slowest revenue growth among Big Tech stocks and is facing tariff-related risks going into Donald Trump's second term.
1 min
Rebel-backed leader assumes charge as interim Syrian PM
SYRIA'S NEW INTERIM leader announced on Tuesday he was taking charge of the country as caretaker prime minister with the backing of the former rebels who toppled President Bashar al-Assad three days ago.
1 min
Apple rally unabated amid sluggish growth
APPLE HAS THE slowest revenue growth among Big Tech stocks and is facing tariff-related risks going into Donald Trump's second term. None of that is holding back the stock.
1 min
Xi rebuffs Trump's threat of tariffs
GEARING UP FOR Trump 2.0 era,
1 min
Safeguarding steel
A blunt instrument to curb imports won't address the travails of the industry
2 mins
Worried about stocks? $1 trillion in buybacks will help
DECEMBER IS A big month for stock buybacks, and by month's end, companies are expected to spend more money repurchasing shares this year than ever before.
3 mins
Long live shared Value
WHEN PROFIT MEETS PURPOSE AND IMPACT FUELS INNOVATION, THE REAL MAGIC HAPPENS
4 mins
Clients want a one-stop shop for creative solutions across platforms
Stressing on building its data capabilities has paid handsome dividends to FCB Kinnect, helping it win multiple awards at various industry forums including 5 Golds at the SAMMIE 2024 that honours the best social media brands.
2 mins
Cause and effect
● Philanthropy can help build positive brand image
2 mins
Ad celebrates bonds formed through shared values
Why the campaign rocks:
1 min
Burmans get RBI nod for Religare open offer
THE RESERVE BANK of India (RBI) has approved the Burman family's open offer to acquire an additional 26% stake in Religare Enterprises, subject to several conditions such as coming up with a consolidation plan within 90 days, maintaining the current management structure and not appointing new directors for now.
1 min
SAT stays Sebi order on Trafiksol's public issue
The Securities Appellate Tribunal (SAT) has stayed the order of the Securities and Exchange Board of India (Sebi), cancelling the initial public offering (IPO) of SME entity Trafiksol ITS Technologies and asking it to refund ₹44.87 crore raised to investors within one week.
1 min
HDFC Bank takes huge office space on lease in Navi Mumbai
HDFC BANK HAS leased 416,000 sq ft of office space in the Gigaplex complex, located in the Mindspace property of K Raheja Corp in Airoli, Navi Mumbai, for a period of 10 years.
1 min
Top Google India searches: IPL, World Cup, elections
A GOOGLE BLOG released on Tuesday revealed that sports and politics dominated search queries in 2024, with the IPL, World Cup, and election results featuring prominently in the trending topics.
1 min
Treesa-Gayatri duo aspires to impress at World Tour Finals
TREESA JOLLY GIGGLES and mock-clucks her disappointment recalling that she's not tried eating anything crazy, since relishing spiced crispy grasshoppers as a 16-year-old.
2 mins
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