Financial Express Bengaluru - March 14, 2025
Financial Express Bengaluru - March 14, 2025
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March 14, 2025
FM to launch PM internship scheme app on Monday
To ensure higher participation for the PM internship scheme (PMIS), finance minister Nirmala Sitharaman will launch a dedicated PMIS app on Monday.
1 min
TN Govt Replaces Rupee Symbol in Budget Logo With Tamil Letter
Intensifying the language tussle with the Centre, the Tamil Nadu government on Thursday replaced the Devanagari rupee symbol with a Tamil letter in its logo for the budget 2025-26, in an unprecedented move signaling its unrelenting stance against the three-language formula under the NEP.
1 min
House panel raps ministries for non-payment of FCI dues
A PARLIAMENTARY PANEL has raised concerns about the substantial unpaid dues of various government departments to the Food Corporation of India (FCI) to run assorted social welfare schemes.
2 mins
Refiners shift focus to LatAm, Africa to replace Russian oil
CRUDE OIL IMPORTS from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter US sanctions, data from trade sources shows.
1 min
Power distribution scheme may be extended by 2 years to FY28
The Ministry of Power has sought an extension of the deadline for the Revamped Distribution Sector Scheme (RDSS) by two years through FY28 in order to complete the envisaged targets, according to a report by the Lok Sabha's Standing Committee.
2 mins
ICAI May Review Books of IndusInd
The apex organisation of chartered accountants, ICAI, may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting to the tune of â¹2,100 crore.
1 min
India to be third-largest economy by 2028: Morgan Stanley
INDIA WILL BE the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said.
1 min
Irdai nod for first private reinsurer
THE INSURANCE REGULATORY and Development Authority of India (Irdai) has accorded a certificate of registration to Valueattics Reinsurance, paving the way for the company to become the first private sector reinsurer in the country.
1 min
Best week for forex reserves since 2021
Dollar Stockpile Swells
1 min
UP, Maha top list of those freed from cyber crime centres
As the government brought home 549 Indian nationals who had been deceived with fake job offers and forced into cybercrime activities in Southeast Asia, a probe has revealed that 65 of them are from Uttar Pradesh, 61 from Maharashtra, 57 from Gujarat and 48 from Punjab.
2 mins
JSW signs 1,600-MW PPA with West Bengal
JSW ENERGY ON Thursday said that it has signed a power purchase agreement (PPA) with West Bengal State Electricity Distribution Company (WBSEDCL) for a greenfield 1,600 MW super/ultra super critical thermal power plant.
1 min
Anything at massive scale needs AI support, says LinkedIn engineering head
NO ONE WOULD think of LinkedIn as a \"massive AI engine\". But that is exactly what LinkedIn's senior vice-president of engineering Mohak Shroff believes the platform is.
2 mins
L&T to build new data centres in Mumbai and Bengaluru
ENGINEERING AND CONSTRUCTION giant L&T is developing new data centres in Panvel, Mhape near Mumbai, and Bengaluru with a total capacity of 90 megawatt (MW).
1 min
Urban Company Launches Insta Maids Service for â¹49 an Hour
URBAN COMPANY HAS joined the quick commerce race with the launch of a 15-minute maid booking service Insta Maids, according to a social media post by the company.
1 min
Blackstone to acquire 40% stake in Kolte Patil Developers at â¹1,167 cr
Acquisition at â¹329 a share at a discount from closing price on Thursday
1 min
Car, SUV inventory surges in Feb amid slowdown fears
YEAR-END PUSH
2 mins
LG Electronics IPO gets regulator's nod
â¹15,000-Cr Issue
1 min
A Manufacturing Road Map
Over the past decade, the Union government has taken several steps to foster the manufacturing sector, which helps to create decent jobs, including through Make in India, the production-linked incentive (PLI) scheme, and reforms enhancing the ease of doing business, among others.
3 mins
The R-word in US
Trump's tariff tantrums have led to concerns over the economy slipping into a recession
2 mins
Microfinance needs structural reforms
Analysing its impact on poverty alleviation is only possible when grassroots data is collected; AI and data science hold the key to revolutionise the sector
3 mins
RBI to set up on-tap cohort on climate change risks: Guv
THE RESERVE BANK of India (RBI) will set up a dedicated on-tap cohort on climate change risks and sustainable finance under its regulatory sandbox initiative, governor Sanjay Malhotra said on Thursday.
1 min
RBI explores govt schemes to boost CBDC adoption
WITH THE USE of central bank digital currency (CBDC) remaining low, the Reserve Bank of India (RBI) is now exploring cash transfer schemes by state governments as a means to promote the digital rupee.
1 min
SBI to Set Up AI, Fintech Project Finance Unit
State Bank of India is setting up a unit to manage project financing solutions for \"new age industries\" such as artificial intelligence, e-commerce and fintech, according to a senior executive.
1 min
Asmita Patel: Wolf without a street
BULL MARKETS SPAWN many cock-and-bull stories. Finfluencer Asmita Patel, who called herself the She-Wolf of the stock market, is a great example.
3 mins
Macro data fail to cheer indices
Caution with a negative bias could prevail for some time, say experts
2 mins
Intel Names Lip-Bu Tan as CEO
SHARES OF INTEL jumped the most in five years after the company named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.
1 min
Patanjali enters insurance.
SANOTI PROPERTIES, PRIMARILY controlled by Adar Poonawalla, currently holds a 72.49% stake in Magma General Insurance through its holdings in Rising Sun Holdings.
1 min
Poised to drive Ukraine out of Kursk, says Russia
RUSSIA PREDICTED ON Thursday it would swiftly recapture the rest of its western Kursk region from Ukrainian troops who grabbed a foothold there last August.
1 min
Working Overtime With US, Can't Overprotect...
GOVERNMENT OFFICIALS ALSO suggested sourcing of goods like plastics and chemicals from the US, reducing the reliance on China.
1 min
Consumer durable firms...
\"THE INDUSTRY WAS prepared this year in terms of inventory to avoid supply issues,\" NS Satish, president of Haier Appliances India, said.
1 min
Trump must stop threats if he wants nuclear talks, says Iran
US PRESIDENT DONALD Trump on Thursday threatened to slap a 200% tariff on all wines and other alcoholic products coming out of Europe if the European Union does not scrap its planned tax on American whiskey.
1 min
China cools on Musk: 'Two cars for the price of one Tesla'
Tesla is getting crushed in China, its most important market outside the United States and one that it had dominated for years.
2 mins
Harvard, Yale, Columbia Fall in Line After Trump Funding Threats
IT'S TAKEN LESS than two months since President Donald Trump assumed office and released a torrent of orders targeting elite higher education for universities to make clear they're shifting course.
1 min
Isro successfully undocks satellites
NEARLY TWO MONTHS after the Indian Space Research Organisation (Isro) successfully demonstrated its docking capability, it disengaged and undocked the two satellites, SDX01 and SDX02, at 9.20 am on Thursday.
1 min
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