Financial Express Chennai - January 10, 2025
Financial Express Chennai - January 10, 2025
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In this issue
January 10, 2025
Adani Group to offload 20% stake in Wilmar
FMCG player Adani Wilmar will see one of its promoter Adani Commodities LLP offload up to 20% stake in the company through an offer for sale (OFS), which will open on Friday.
1 min
Double counting
A NEW MECHANISM to make recording of export-import data more efficient led to the double counting of some of the gold that entered the country via special economic zones (SEZs), resulting in hugely inflated numbers for the month of November.
1 min
BP Partnership to Raise ONGC Revenue by $10.3 Billion
STATE-OWNED OIL AND Natural Gas Corporation (ONGC) expects a $10.3 billion revenue boost from increased oil and gas production in the Mumbai High field in partnership with the UK's BP.
1 min
GAIL Increases Domestic Gas Allocation to IGL by 31%
STATE-OWNED GAIL INDIA has increased domestic gas allocation to Indraprastha Gas Ltd (IGL) by 31% with effect from January 16, increasing the share of domestic gas in the company's CNG (compressed natural gas) segment to 51% from 37% earlier, the company said on Thursday.
1 min
Rooftop solar scheme & power infra likely to get Budget push
RUN-UP TO THE BUDGET 2025-26
4 mins
Organic item exports can be trebled in 3 yrs
INDIA'S EXPORTS OF organic products can grow more than threefold in the next three years to ₹20,000 crore, commerce and industry minister Piyush Goyal said on Thursday.
1 min
Credit guarantee scheme for MSMEs soon: Official
FINANCIAL SERVICES SECRETARY M Nagaraju on Thursday said the government would soon launch a new credit guarantee scheme for the MSME sector covering loans up to ₹100 crore.
1 min
Luxury vehicles' sales set record pace for Mercedes
MERCEDES BENZ, COUNTRY'S largest luxury car maker, has said one in every four cars sold by it last year was priced above ₹1.5 crore, as compared to one in five in 2023.
1 min
CBI books Karti in fresh graft case
THE CBI HAS registered a fresh case of corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale of its whisky, officials said on Thursday.
1 min
Kabeer Biswas' switch awaits Dunzo board approval
Kabeer Biswas has informally agreed to join Flipkart to head its quick-commerce vertical Minutes, according to sources aware of the matter.
1 min
India Best Placed for AI Adoption: Salesforce India CEO
INDIA'S DIGITAL MATURITY positions it better than any other country to leverage the third wave of artificial intelligence (AI) for serving millions of underserved citizens across education, healthcare, and customer service sectors, with AI-enabled workforces becoming \"limitless\" in their capability to serve customers, Salesforce India CEO and chairperson Arundhati Bhattacharya said.
1 min
Emami rebrands Fair & Handsome in growth push
Betting On Male Grooming
2 mins
TCS Headcount Dips, Attrition Rises Slightly
IT giant on track to hire 40K this fiscal
1 min
Instamart to get standalone app after launch of Snacc
Swiggy on Thursday announced its plans to launch a standalone mobile app for its quick commerce service Instamart.
1 min
Tech firms urge equitable allocation of 6 GHz band
Spectrum Wars
2 mins
Jupiter Intl to invest ₹6.5K cr on capacity expansion
JUPITER INTERNATIONAL, a manufacturer of photovoltaic solar cells and provider of solar power solutions, on Thursday said it will be investing ₹6,500 crore over the next three years in a bid to become a fully integrated solar manufacturer.
1 min
Legal action likely against Zomato, Swiggy for private labelling items
THE NATIONAL RESTAURANT Association of India (NRAI) on Thursday said it may take legal action against Zomato and Swiggy for private labelling of food items and selling them through their quick food delivery applications.
1 min
Credit market may see more volatility: Ind-Ra
Tough Days Ahead
1 min
Rupee NDF volume surges on arbitrage
The trading volume in dollar-rupee non-deliverable forwards (NDF) at India's offshore finance hub soared to a record high in December as banks and companies lapped up arbitrage opportunities amid a worsening outlook for the rupee.
1 min
Indices Tumble Nearly 1%
Sensex and Nifty tumbled nearly 1% on Thursday due to heavy selling in market heavyweights HDFC Bank, TCS and Reliance as investors turned nervous over earnings growth concerns amid unabated foreign capital outflows.
1 min
High court clears way for Religare AGM, Burmans' open offer
THE MADHYA PRADESH High Court on Thursday lifted the stay on Religare Enterprises annual general meeting (AGM) as well as the Reserve Bank of India (RBI)'s approval for Burmans' open offer to acquire an additional 26% stake in the company.
1 min
Rupee closes flat after hitting low of 85.94 vs dollar
THE RUPEE ON Thursday ended flat after hitting a lifetime low of 85.94 against the dollar during intra-day trade.
1 min
Mutual funds end 2024 with record ₹3.9-lakh-cr inflows
Quarter-end tax outflows hit debt funds; SIPs touch record ₹26,459 cr
2 mins
Start-up travails
Scaling up has seen many hurdles; sharp decline in seed-stage funding complicates things further
2 mins
Make groundwater sustainable
BY SCALING UP EFFORTS, STATES CAN SAFEGUARD RESOURCES, ENHANCE AGRI-PRODUCTIVITY
4 mins
Cricket fatigue crimps WPL ad spending
THE BOARD OF Control for Cricket in India (BCCI), the country's apex cricketing body, is putting the final touches to the third edition of the Women's Premier League (WPL).
3 mins
Hollywood Hills burn as big blaze engulfs LA
THE HOLLYWOOD HILLS blazed uncontrollably on Thursday morning as the worst wildfires in the history of Los Angeles raged across the city and deep into the storied heartland of the American film industry.
1 min
Biden to further limit Nvidia AI chip exports in final push
PRESIDENT JOE BIDEN'S administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.
1 min
Hush money: Court rejects Trump bid to delay sentencing
NEW YORK'S TOP court rejected on Thursday Donald Trump's request to halt the president-elect's sentencing for his conviction on criminal charges stemming from hush money paid to a porn star.
1 min
Musk Held Talks on Ways to Oust UK's PM Before Polls: Report
BILLIONAIRE ELON MUSK has held private discussions with allies about removing British Prime Minister Keir Starmer from his position before the next general election, the Financial Times reported on Thursday.
1 min
Apple Defends Siri After $95 Million Settlement
APPLE CLARIFIED ON Wednesday that it has never sold the data collected by its Siri voice assistant or used it to create marketing profiles, just days after settling a case in which it faced such accusations.
1 min
China consumer prices weaken further, add to deflation worries
CHINA'S CONSUMER INFLATION weakened further towards zero, decelerating for a fourth straight month, in a setback for government efforts to stamp out deflation and revive demand with economic stimulus.
1 min
TCS profit rises 4% in Q3
AMONG VERTICALS, ENERGY, resources and utilities grew by 3.4%, and consumer business gained 1.1%.
2 mins
Taliban Urges India to Ease Visa Process
First High-Level Meet
1 min
Simplified Income Tax Law in Budget Session Likely
Similar attempts in the past to simplify the I-T law, most notable being the Direct Taxes Code drafted in 2009 by the UPA govt
1 min
Meta's fact-checking snub in US alarms India
AS META ANNOUNCED the end of its third-party fact-check programme in the US, in a move that is being seen as the company reorienting itself for the new Trump era—a palpable sense of panic has gripped fact-checkers in India.
1 min
RBI governor seeks to improve forecasting
Two of the sources Reuters spoke to said the RBI would look to increase datasets required to gauge trends in income and expenditure better.
1 min
Premium online video market to double by 2028: Report
INDIA'S PREMIUM ONLINE video market, valued at $1.7 billion in 2023, is projected to nearly double by 2028, solidifying its position as one of the fastest-growing over-the-top (OTT) markets globally, according to the Asia Video Industry Report 2025.
1 min
Trump tariffs: Auto suppliers rethink production plans
Trump has vowed to impose a blanket tariff of 10% on global imports into the US and a 60% tariff on Chinese goods
1 min
Chants meet chatbots at this year's Maha Kumbh
FROM INFORMATION TO SECURITY, AI TO BE MAJOR MOVER AT THE MEGA EVENT
3 mins
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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