CATEGORIES

Financial Express Mumbai

Rabi sowing a tad below last year's level; oilseed cultivation down 5.5%

WITH JUST A few weeks left for the rabi season to be over, sowing of winter crops such as wheat, pulses, oilseeds, and coarse cereals has been a tad below last year's level so far as the area under oilseeds have declined.

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1 min  |
December 25, 2024
Financial Express Mumbai

Household liabilities rise to 6.4% of GDP in FY24

THE NET FINANCIAL liabilities of India's households went up to ₹18.79 lakh crore in FY24, or 6.4% of GDP, a rise over the previous year's 15.96 lakh crore, or 5.9% of GDP, data from the Reserve Bank of India (RBI) showed.

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1 min  |
December 25, 2024
Financial Express Mumbai

Economic growth to pick up in H2FY25, says RBI bulletin

THE COUNTRY'S ECONOMIC growth trajectory will likely pick up in the second half of the current financial year, driven by domestic private consumption and a sustained revival of rural demand, the Reserve Bank of India (RBI) said in its monthly bulletin released on Tuesday.

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1 min  |
December 25, 2024
Financial Express Mumbai

Unincorporated sector generates 11 mn jobs

THE UNINCORPORATED NON-AGRICULTURAL sector in India has added about 11 million more jobs in October 2023-September 2024 as compared to the year-ago period, with addition of 8.4 million establishments, official data released on Tuesday showed.

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2 mins  |
December 25, 2024
Financial Express Mumbai

Labour-intensive exports: Gains likely to be short-lived

Significant import content in several sectors, sharper drop in other currencies to play spoilsport should have come as a shot in the arm for India's labour-intensive exports.

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4 mins  |
December 25, 2024
Financial Express Mumbai

NFRA slaps ₹2-cr fine on Deloitte Haskins for Zee audit

THE NATIONAL FINANCIAL Reporting Authority (NFRA) has imposed a fine of ₹2 crore on Deloitte Haskins & Sells, and penalties on two chartered accountants (CAs) for lapses in the auditing of Zee Entertainment Enterprises (ZEEL) for FY19 and FY20.

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1 min  |
December 25, 2024
Financial Express Mumbai

Local satellites push draws 30 aspirants

Companies include Google-backed Pixxel, Tata arm

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1 min  |
December 25, 2024
Walking into a minefield
Financial Express Mumbai

Walking into a minefield

MADHABI PURI BUCH won't forget 2024 in a hurry. In an interview to a business magazine at the beginning of the year, she had proudly proclaimed that she knew exactly \"where all the skeletons are hidden.\" Just about six months after that statement, the world turned upside down for the first woman chairperson of the Securities and Exchange Board of India (Sebi), with many questioning whether the so-called \"skeletons\" were actually hidden in her cupboard.

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3 mins  |
December 25, 2024
Economists seek FTAs, land & labour reforms
Financial Express Mumbai

Economists seek FTAs, land & labour reforms

Stress the need to return to 7-8% GDP growth

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3 mins  |
December 25, 2024
Shyam Benegal, pioneer of parallel cinema, dies
Financial Express Mumbai

Shyam Benegal, pioneer of parallel cinema, dies

JUST WHEN MAINSTREAM Hindi cinema stepped into an exciting new phase with the rise of the 'Angry Young Man' in the '70s, Shyam Benegal made a stunning debut as the writer and director of Ankur (The Seedling, 1974), propelling the parallel cinema movement in India.

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2 mins  |
December 24, 2024
Financial Express Mumbai

The year AI took centrestage

The debate if it is a blessing or a Frankenstein rages on

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4 mins  |
December 24, 2024
Financial Express Mumbai

US launches new probe into legacy Chinese chips

The effort could offer Trump a ready avenue to begin imposing some of the hefty 60% tariffs he has threatened on Chinese imports

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1 min  |
December 24, 2024
Financial Express Mumbai

UK insurer Aviva to shed up to 2,300 jobs in $4.65-billion deal

British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK's largest home and motor insurer.

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2 mins  |
December 24, 2024
Financial Express Mumbai

Now, Musk wants you to pay 'X-tra' as premium plans

Marks the largest price increase since acquisition

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1 min  |
December 24, 2024
Govt schools can fail class 5, 8; no-detention policy ends
Financial Express Mumbai

Govt schools can fail class 5, 8; no-detention policy ends

THE CENTRE HAS scrapped the no-detention policy in schools governed by it, including Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas, allowing students of Classes 5 and 8 to be held back from the ongoing academic session.

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1 min  |
December 24, 2024
In a note to India, Bangladesh demands Hasina's extradition
Financial Express Mumbai

In a note to India, Bangladesh demands Hasina's extradition

Dhaka insists on Hasina's trial, India declines comment

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2 mins  |
December 24, 2024
Awfis Space Solutions: Sustained growth outlook
Financial Express Mumbai

Awfis Space Solutions: Sustained growth outlook

35% CAGR in seat additions during FY24-27 projected

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1 min  |
December 24, 2024
Emami: Operating margins to improve
Financial Express Mumbai

Emami: Operating margins to improve

Bolt-on acquisitions to drive double-digit revenue growth

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1 min  |
December 24, 2024
Siemens: Weak outlook on HVDC, Rlys
Financial Express Mumbai

Siemens: Weak outlook on HVDC, Rlys

Cuts EPS forecast for FY25E/ 26/27 by 9%, 15% & 11%

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2 mins  |
December 24, 2024
Financial Express Mumbai

The conundrum of repo rate arguments

Monetary policy always triggers debate as theoretical arguments on both sides: repo rate induces investment or repo rate lowers inflation are equally strong

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4 mins  |
December 24, 2024
Financial Express Mumbai

Merge to survive

Electric mobility is disrupting the global auto industry, forcing alliances and consolidation

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2 mins  |
December 24, 2024
Financial Express Mumbai

Struggles with a consumer society

TIGHTENING GOVERNMENT CONTROL ON CHINESE SOCIETY IS AT ODDS WITH ITS GOAL OF RAISING CONSUMPTION

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4 mins  |
December 24, 2024
Financial Express Mumbai

Europe's hottest stock has an American architect

FORCED TO SEEK a government rescue barely a year ago, Siemens Energy was an unlikely candidate for Europe's best performing stock of 2024.

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3 mins  |
December 24, 2024
Financial Express Mumbai

Non-life insurance claims ratio dips to 83%

NET INCURRED CLAIMS to net earned premium (claims ratio) of the non-life insurance industry stood at 82.52% during 2023-24, compared with 82.95% in the preceding fiscal, according to the Irdai's annual report.

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2 mins  |
December 24, 2024
Financial Express Mumbai

Kalyani Investment pays ₹1.12 crore to settle case with Sebi

KALYANI INVESTMENT, ONE of the promoter group entities of Bharat Forge, has settled a case with Sebi about the alleged violation of disclosure norms after paying ₹1.12 crore towards the settlement fee.

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1 min  |
December 24, 2024
Financial Express Mumbai

HUDCO, PGCIL raise 10-yr bonds at 7.12%

HOUSING AND URBAN Development Corporation (HUDCO) and Power Grid Corporation (PGCIL) have raised funds from the domestic debt capital market. Both the companies issued 10-year bonds at a coupon rate of 7.12%.

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1 min  |
December 24, 2024
Burman family gets Sebi nod for Religare open offer
Financial Express Mumbai

Burman family gets Sebi nod for Religare open offer

The Burman family's open offer to acquire an additional 26% stake in Religare Enterprises has received an approval from the Securities and Exchange Board of India (Sebi), according to a report.

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1 min  |
December 24, 2024
Financial Express Mumbai

Banks lobby RBI for new swaps market benchmark

A GROUP OF banks has asked the Reserve Bank of India to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.

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1 min  |
December 24, 2024
Financial Express Mumbai

Sebi suspends trading in Bharat Global on financial irregularities

SEBI ON MONDAY suspended trading in Bharat Global Developers for alleged financial misrepresentation, misleading disclosures, price manipulation and offloading shares at inflated prices.

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1 min  |
December 24, 2024
Financial Express Mumbai

Rupee closes at its lifetime low of 85.12

Weak yuan, demand for dollar keep the currency under pressure

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1 min  |
December 24, 2024