Financial Express Chennai - December 04, 2024
Financial Express Chennai - December 04, 2024
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In this issue
December 04, 2024
Not considering addition of new sectors in PLI schemes: Govt
THE GOVERNMENT ON Tuesday said it is not considering any proposal to include new sectors under the production-linked incentive (PLI) regime.
1 min
Petroleum product exports slip 12% in Nov
INDIA'S EXPORTS OF petroleum products in November declined by 12% year-on-year to 1.29 million barrels per day, driven by a significant fall in the supply to Europe, according to data provided by energy cargo tracking firm Vortexa.
2 mins
Safeguard duty on steel imports will deal MSMEs a blow
THE PROPOSAL FOR a 25% safeguard duty on steel imports, if implemented, will deal a blow to the struggling micro, small and medium enterprises (MSMEs) and engineering exports, according to industry representatives and experts.
1 min
Not considering addition of new sectors in PLI schemes: Govt
THE GOVERNMENT ON Tuesday said it is not considering any proposal to include new sectors under the production-linked incentive (PLI) regime.
1 min
Rate restructuring may spur parallel economy, say firms
TWO ASSOCIATIONS OF manufacturers and retailers have said that the new goods and services tax (GST) slabs proposed for readymade garments will promote a parallel economy, defeating the very purpose of GST.
2 mins
Higher GST on sin goods will offset losses from insurance
AN INCREASE IN goods and services tax (GST) on several items and a special levy of 35% on \"sin goods\" like cigarettes, as proposed by a group of ministers (GoM) formed by the GST Council, are expected to help partially offset revenue shortfalls due to abolition of the tax on insurance premiums, experts say.
2 mins
Safeguard duty on steel imports will deal MSMEs a blow
THE PROPOSAL FOR a 25% safeguard duty on steel imports, if implemented, will deal a blow to the struggling micro, small and medium enterprises (MSMEs) and engineering exports, according to industry representatives and experts.
1 min
Higher GST on sin goods will offset losses from insurance
AN INCREASE IN goods and services tax (GST) on several items and a special levy of 35% on \"sin goods\" like cigarettes, as proposed by a group of ministers (GoM) formed by the GST Council, are expected to help partially offset revenue shortfalls due to abolition of the tax on insurance premiums, experts say.
2 mins
Higher GST on sin goods will offset losses from insurance
AN INCREASE IN goods and services tax (GST) on several items and a special levy of 35% on \"sin goods\" like cigarettes, as proposed by a group of ministers (GoM) formed by the GST Council, are expected to help partially offset revenue shortfalls due to abolition of the tax on insurance premiums, experts say.
2 mins
Rate restructuring may spur parallel economy, say firms
TWO ASSOCIATIONS OF manufacturers and retailers have said that the new goods and services tax (GST) slabs proposed for readymade garments will promote a parallel economy, defeating the very purpose of GST.
2 mins
Safeguard duty on steel imports will deal MSMEs a blow
THE PROPOSAL FOR a 25% safeguard duty on steel imports, if implemented, will deal a blow to the struggling micro, small and medium enterprises (MSMEs) and engineering exports, according to industry representatives and experts.
1 min
Rate restructuring may spur parallel economy, say firms
TWO ASSOCIATIONS OF manufacturers and retailers have said that the new goods and services tax (GST) slabs proposed for readymade garments will promote a parallel economy, defeating the very purpose of GST.
2 mins
Petroleum product exports slip 12% in Nov
INDIA'S EXPORTS OF petroleum products in November declined by 12% year-on-year to 1.29 million barrels per day, driven by a significant fall in the supply to Europe, according to data provided by energy cargo tracking firm Vortexa.
2 mins
Petroleum product exports slip 12% in Nov
INDIA'S EXPORTS OF petroleum products in November declined by 12% year-on-year to 1.29 million barrels per day, driven by a significant fall in the supply to Europe, according to data provided by energy cargo tracking firm Vortexa.
2 mins
Safeguard duty on steel imports will deal MSMEs a blow
THE PROPOSAL FOR a 25% safeguard duty on steel imports, if implemented, will deal a blow to the struggling micro, small and medium enterprises (MSMEs) and engineering exports, according to industry representatives and experts.
1 min
Higher GST on sin goods will offset losses from insurance
AN INCREASE IN goods and services tax (GST) on several items and a special levy of 35% on \"sin goods\" like cigarettes, as proposed by a group of ministers (GoM) formed by the GST Council, are expected to help partially offset revenue shortfalls due to abolition of the tax on insurance premiums, experts say.
2 mins
Higher GST on sin goods will offset losses from insurance
AN INCREASE IN goods and services tax (GST) on several items and a special levy of 35% on \"sin goods\" like cigarettes, as proposed by a group of ministers (GoM) formed by the GST Council, are expected to help partially offset revenue shortfalls due to abolition of the tax on insurance premiums, experts say.
2 mins
Rate restructuring may spur parallel economy, say firms
TWO ASSOCIATIONS OF manufacturers and retailers have said that the new goods and services tax (GST) slabs proposed for readymade garments will promote a parallel economy, defeating the very purpose of GST.
2 mins
Safeguard duty on steel imports will deal MSMEs a blow
COST CONCERNS
2 mins
Disengagement over, ties with China improving: EAM
S JAISHANKAR'S STATEMENT IN LOK SABHA
2 mins
Family offices spread to smaller cities as presence of HNIs widens beyond metros
WITH ULTRA-HIGH-NET-WORTH FAMILIES no longer being concentrated in cities like Mumbai, Delhi, Bengaluru or Hyderabad, family offices are now proliferating in places such as Surat, Ludhiana, Lucknow, Ahmedabad, Nagpur and Coimbatore.
2 mins
Mobility startups need to navigate through grey regulatory zones
MOBILITY AND RIDE-HAILING startups need not wait for full clarity on the regulatory front and it's fine if they operate in the grey area, in the initial stages, if that is not outright illegal, Kunal Khattar, co-founder of AvantEdge, an early investor in ride-hailing firm, Rapido, told FE.
1 min
Mobility startups need to navigate through grey regulatory zones
MOBILITY AND RIDE-HAILING startups need not wait for full clarity on the regulatory front and it's fine if they operate in the grey area, in the initial stages, if that is not outright illegal, Kunal Khattar, co-founder of AvantEdge, an early investor in ride-hailing firm, Rapido, told FE.
1 min
Airfares set to rise in coming quarters
AIRFARES ARE EXPECTED to inch up in the coming quarters following a rise in fuel prices and lease rentals becoming more expensive due to the depreciating rupee, ratings agency ICRA said on Tuesday.
1 min
Mobility startups need to navigate through grey regulatory zones
MOBILITY AND RIDE-HAILING startups need not wait for full clarity on the regulatory front and it's fine if they operate in the grey area, in the initial stages, if that is not outright illegal, Kunal Khattar, co-founder of AvantEdge, an early investor in ride-hailing firm, Rapido, told FE.
1 min
Network issues: Vi's revenue market share hits all-time low
Analysts see Airtel & Jio gaining share as users port out
1 min
'Whatever Trump decides on tariffs, it will create opportunities for India'
Textile-to-real estate group Raymond is seeing buoyant sales in the current quarter and expects a pick-up in the coming months.
1 min
Airfares set to rise in coming quarters
AIRFARES ARE EXPECTED to inch up in the coming quarters following a rise in fuel prices and lease rentals becoming more expensive due to the depreciating rupee, ratings agency Icra said on Tuesday.
1 min
Mobility startups need to navigate through grey regulatory zones
MOBILITY AND RIDE-HAILING startups need not wait for full clarity on the regulatory front and it's fine if they operate in the grey area, in the initial stages, if that is not outright illegal, Kunal Khattar, co-founder of AvantEdge, an early investor in ride-hailing firm, Rapido, told FE.
1 min
Network issues: Vi's revenue market share hits all-time low
Analysts see Airtel & Jio gaining share as users port out
1 min
Airfares set to rise in coming quarters
AIRFARES ARE EXPECTED to inch up in the coming quarters following a rise in fuel prices and lease rentals becoming more expensive due to the depreciating rupee, ratings agency ICRA said on Tuesday.
1 min
Family offices spread to smaller cities as presence of HNIs widens beyond metros
WITH ULTRA-HIGH-NET-WORTH FAMILIES no longer being concentrated in cities like Mumbai, Delhi, Bengaluru or Hyderabad, family offices are now proliferating in places such as Surat, Ludhiana, Lucknow, Ahmedabad, Nagpur and Coimbatore.
2 mins
GIC, BlackRock, Aberdeen among investors in Godrej's ₹6,000-cr QIP
GLOBAL AND DOMESTIC investors such as GIC, BlackRock, Aberdeen, Norges Bank, SBI Pension and ICICI Prudential Life Insurance, among others, have subscribed to the qualified institutional placement (QIP) of Godrej Properties.
1 min
Qntrl sees 30% rise in enterprise market
QNTRL, THE BUSINESS process management (BPM) platform under Zoho Corporation, is seeing a 30% growth in its enterprise customer base in India in fiscal 2025, Gopalakrishnan Vaikuntam, Global Product Manager told FE.
1 min
Qntrl sees 30% rise in enterprise market
QNTRL, THE BUSINESS process management (BPM) platform under Zoho Corporation, is seeing a 30% growth in its enterprise customer base in India in fiscal 2025, Gopalakrishnan Vaikuntam, Global Product Manager told FE.
1 min
Adanis stronger since Hindenburg: Report
The Adani Group is now in a much stronger position with no share pledges, low leverage, debt repayments, and improved valuations than at the time when it was under attack from short-seller Hindenburg, US-based research firm Bernstein has said.
2 mins
GIC, BlackRock, Aberdeen among investors in Godrej's ₹6,000-cr QIP
ON A GROWTH PATH
1 min
Adanis stronger since Hindenburg: Report
The Adani Group is now in a much stronger position with no share pledges, low leverage, debt repayments, and improved valuations than at the time when it was under attack from short-seller Hindenburg, US-based research firm Bernstein has said.
2 mins
EV major VinFast's India plant to act as global export hub
VIETNAMESE ELECTRIC VEHICLE (EV) major VinFast is preparing to install equipment and machinery at its India plant, which will have an annual capacity of 50,000 EVs.
1 min
Adanis stronger since Hindenburg: Report
The Adani Group is now in a much stronger position with no share pledges, low leverage, debt repayments, and improved valuations than at the time when it was under attack from short-seller Hindenburg, US-based research firm Bernstein has said.
2 mins
MapmyIndia shelves ₹35-crore investment plan in B2C venture
ALLAYING CONCERNS
2 mins
Adanis stronger since Hindenburg: Report
The Adani Group is now in a much stronger position with no share pledges, low leverage, debt repayments, and improved valuations than at the time when it was under attack from short-seller Hindenburg, US-based research firm Bernstein has said.
2 mins
Qntrl sees 30% rise in enterprise market
QNTRL, THE BUSINESS process management (BPM) platform under Zoho Corporation, is seeing a 30% growth in its enterprise customer base in India in fiscal 2025, Gopalakrishnan Vaikuntam, Global Product Manager told FE.
1 min
Qntrl sees 30% rise in enterprise market
QNTRL, THE BUSINESS process management (BPM) platform under Zoho Corporation, is seeing a 30% growth in its enterprise customer base in India in fiscal 2025, Gopalakrishnan Vaikuntam, Global Product Manager told FE.
1 min
Sebi nixes Trafiksol SME IPO, orders refund to investors
IN AN UNPRECEDENTED regulatory action, the Securities and Exchange Board of India (Sebi) has cancelled the public listing of SME Trafiksol ITS Technologies, whose listing was earlier put on hold pending investigation, and ordered a full refund to its investors within a week.
1 min
Banks see ₹10,000-crore dip in deposits: RBI data
Have raised nearly ₹19.6 lakh cr from Jan to Oct this year
2 mins
Banks see ₹10,000-crore dip in deposits: RBI data
Have raised nearly ₹19.6 lakh cr from Jan to Oct this year
2 mins
Indices hit one-month high ahead of RBI policy decision
FPIs net buyers for 2 days in a row
1 min
Indices hit one-month high ahead of RBI policy decision
FPIs net buyers for 2 days in a row
1 min
Sebi nixes Trafiksol SME IPO, orders refund to investors
IN AN UNPRECEDENTED regulatory action, the Securities and Exchange Board of India (Sebi) has cancelled the public listing of SME Trafiksol ITS Technologies, whose listing was earlier put on hold pending investigation, and ordered a full refund to its investors within a week.
1 min
Sebi plans portal for audit of brokers
IN A BID to align the audit process of stock brokers' technology and systems with the regulatory intent, market regulator the Securities and Exchange Board of India (Sebi) has proposed enabling stock exchanges to monitor and supervise stock brokers' system audits through an online web portal.
1 min
Indices hit one-month high ahead of RBI policy decision
FPIs net buyers for 2 days in a row
1 min
Sebi nixes Trafiksol SME IPO, orders refund to investors
IN AN UNPRECEDENTED regulatory action, the Securities and Exchange Board of India (Sebi) has cancelled the public listing of SME Trafiksol ITS Technologies, whose listing was earlier put on hold pending investigation, and ordered a full refund to its investors within a week.
1 min
Banks see ₹10,000-crore dip in deposits: RBI data
Have raised nearly ₹19.6 lakh cr from Jan to Oct this year
2 mins
Indices hit one-month high ahead of RBI policy decision
FPIs net buyers for 2 days in a row
1 min
Sebi nixes Trafiksol SME IPO, orders refund to investors
IN AN UNPRECEDENTED regulatory action, the Securities and Exchange Board of India (Sebi) has cancelled the public listing of SME Trafiksol ITS Technologies, whose listing was earlier put on hold pending investigation, and ordered a full refund to its investors within a week.
1 min
Neither good, nor simple
The GoM's proposals may be well-intended, but they will make the GST regime more complex
2 mins
Can we be sure of food inflation?
TREND SHIFTS IN FOOD PRICE LEVEL AND PRICE GROWTH PORTEND PERSISTENCE, NOT REVERSION
3 mins
Neither good, nor simple
The GoM's proposals may be well-intended, but they will make the GST regime more complex
2 mins
'The ₹1 lakh-plus price point is an exciting place to be in'
INTERVIEW: SUPARNA MITRA, CEO, watches and wearables division, Titan CORALIE CHARRIOL, CEO & creative director, Charriol
1 min
'The ₹1 lakh-plus price point is an exciting place to be in'
Titan Company's premium watch retail arm Helios recently tied up with Charriol, a Swiss luxury watchmaker, to expand its collection of over 40 global brands.
1 min
Click and connect
Personalised marketing is no longer just a trend
2 mins
Click and connect
Personalised marketing is no longer just a trend
2 mins
South Korea put under martial law
SOUTH KOREAN PRESIDENT Yoon Suk Yeol on Tuesday declared martial law in an unannounced late night address broadcast live on YTN television, claiming he would eradicate \"shameless pro-North Korean anti-state forces\".
1 min
South Korea put under martial law
SOUTH KOREAN PRESIDENT Yoon Suk Yeol on Tuesday declared martial law in an unannounced late night address broadcast live on YTN television, claiming he would eradicate \"shameless pro-North Korean anti-state forces\".
1 min
Swiggy narrows loss in first post-IPO earnings
However, it's still way behind Zomato, which reported a 389% jump in its consolidated net profit to ₹176 crore during the July-September quarter.
2 mins
Bangla mission vandalism: India's envoy called, services suspended
A DAY AFTER some protesters breached security barricades at the Bangladesh Assistant High Commission in Agartala and vandalised the property, Bangladesh summoned Indian High Commissioner Pranay Verma to the foreign affairs ministry in Dhaka on Tuesday.
2 mins
Militant behind tunnel workers attack gunned down, says J&K Police
THE JAMMU AND Kashmir Police on Tuesday claimed to have killed a Lashkar-e-Toiba militant involved in the killing of seven employees of a construction firm that was building the Z-Morh tunnel near Sonamarg.
1 min
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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