Financial Express Delhi - January 10, 2025
Financial Express Delhi - January 10, 2025
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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
Rooftop solar scheme & power infra likely to get Budget push
RUN-UP TO THE BUDGET 2025-26
4 mins
Double counting of SEZ transactions inflated gold import data
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.
2 mins
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
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
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
A 'historic step': PM hails completion of Genome India project
GENOME SEQUENCING DATA of 10,000 Indians will now be available to researchers to develop precision medicines tailored for the local population, a step hailed by Prime Minister Narendra Modi as a 'milestone' in biotechnology research.
1 min
CBI Books Karti Chidambaram in Fresh Corruption 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
Future not in war, but in Buddha, says Modi
ASSERTING THAT THE world today listens to India, Prime Minister Narendra Modi on Thursday said due to the country's heritage, it is able to tell the international community that the future does not lie in 'Yudh' (war) but in 'Budh' (Buddha).
2 mins
UCC to be implemented in Uttarakhand this month: CM
UTTARAKHAND CHIEF MINISTER Pushkar Singh Dhami on Thursday highlighted the various initiatives undertaken in the state, reaffirming the implementation of the Uniform Civil Code (UCC) in the 'Devbhoomi' this month.
1 min
Diaspora has become more important with time: Jaishankar
EXTERNAL AFFAIRS MINISTER S Jaishankar on Thursday said the diaspora has become more important with each passing year as India strives to build a \"global workforce\".
1 min
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
Tech firms urge equitable allocation of 6 GHz band
Spectrum Wars
2 mins
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
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
Luxury vehicles' sales set record pace for Mercedes
Rising Premiumisation
2 mins
Now, demand for a Meerut-like diktat for OYO in Bengaluru
FIRST IT WAS Meerut, now possibly Bengaluru, where unmarried couples may not be allowed to stay at the city's OYO-partnered hotels.
1 min
Board of Vodafone Idea Clears ₹1.9K-Cr Fundraise
VODAFONE IDEA on Thursday approved raising ₹1,909.95 crore from promoters Omega Telecom Holdings Private and Usha Martin Telematics via a preferential allotment.
1 min
Biswas' switch awaits Dunzo board nod
DUNZO CO-FOUNDER Kabeer Biswas has informally agreed to join Flipkart to head its quick-commerce vertical Minutes, according to sources aware of the matter.
1 min
Novelis plans to raise $750 mn
Fundraise Via Bonds
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
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
Credit market may see more volatility: Ind-Ra
Tough Days Ahead
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
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 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
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
Make groundwater sustainable
BY SCALING UP EFFORTS, STATES CAN SAFEGUARD RESOURCES, ENHANCE AGRI-PRODUCTIVITY
4 mins
US-China tech break-up is a race to the bottom
A messy, ongoing tech break-up between the US and China is forcing a rethink about what the industry might look like for consumers in a decoupled world.
3 mins
Start-up travails
Scaling up has seen many hurdles; sharp decline in seed-stage funding complicates things further
2 mins
Time to turn to currency options
US equities are not a good bet at this point. This could turn into a blessing for the rupee, if investors turn their attention to other markets
3 mins
Cricket fatigue crimps WPL ad spending
● But IPL could change the plot with ad rates expected to increase
3 mins
Car sales maintain growth pace
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.
2 mins
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
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
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, with a decision on a possible delay now in the hands of the President-elect.
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
Taliban Urges India to Ease Visa Process
First High-Level Meet
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
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
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
Meta's fact-checking snub in US alarms India
As Meta announced the end of its third-party fact-check programme in the US, 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
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 Delhi Newspaper Description:
Utgiver: The Indian Express Ltd.
Kategori: Newspaper
Språk: English
Frekvens: Daily
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