Financial Express Bengaluru - December 11, 2024
Financial Express Bengaluru - December 11, 2024
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In this issue
December 11, 2024
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
Retail inflation likely fell sharply to 5.6% in Nov
Decline was mainly due to cooling of vegetable prices
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
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
PM to lay out plan for socio-economic growth
Agenda includes jobs, manufacturing, and MSMEs
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
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
RIDING ON URBAN CONSUMPTION
1 min
India defends subsidies to fishing at WTO
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
India against China-led investment pact at WTO
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
Amazon enters q-commerce race with 15-minute delivery
Amazon's q-commerce pilot to begin in Bengaluru later this monthUS giant's entry expected to intensify competition in $6-billion marketBlinkit dominates market with 46% share, followed by Zepto (29%) and Swiggy Instamart (25%)Firm also aiming for cumulative exports from India worth $80 bn by 2030
2 mins
RIL, L&T arm, ReNew bid for green hydrogen sops
Reliance Green Hydrogen, L&T Energy, ReNew E-Fuels, Waaree Clean Energy, Avaada Green H2, and AM Green are among 14 companies that have placed bids for financial incentives linked to green hydrogen production.
1 min
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
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
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
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
Adani seeks fresh lifeline for troubled $2-bn power plant
SEEKING MORE CONCESSIONS
2 mins
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
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
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
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
Re nears 85 as rate cut bets rise
THE MARKET WILL closely watch the new governor's strategy of handling pressure on the rupee.
1 min
Expect retail loans to drive incremental advances'
City Union Bank, traditionally focused on MSMEs, has expanded into retail lending.
1 min
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
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
Equity MF inflows in November drop 14%
Second consecutive month of SIP inflows crossing the ₹25,000-crore mark
2 mins
China's exports to US surge amid rising tariff concerns
Unexpected drop in imports shows weak Chinese demand
2 mins
Xi rebuffs Trump's threat of tariffs
GEARING UP FOR Trump 2.0 era,
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.
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
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.
1 min
Safeguarding steel
A blunt instrument to curb imports won't address the travails of the industry
2 mins
Long live shared value
WHEN PROFIT MEETS PURPOSE AND IMPACT FUELS INNOVATION, THE REAL MAGIC HAPPENS
4 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
Philanthropy can help build positive brand image
Philanthropy can help build positive brand image
2 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.
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
India outshines global peers in hiring trends, IT takes the lead
• 53% employers plan to expand their workforce
2 mins
Financial Express Bengaluru Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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