Financial Express Chennai - December 10, 2024
Financial Express Chennai - December 10, 2024
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In this issue
December 10, 2024
NHAI raises ₹775 cr through green bonds
THE SPECIAL PURPOSE vehicle of the National Highways Authority of India (NHAI) has raised ₹775 crore through its maiden green bond issue to finance the Delhi-Mumbai Expressway.
1 min
100,000 Bima Sakhis may be enrolled in 12 months
THE STIPENDIARY SCHEME launched by Life Insurance Corporation on Monday to engage women career agents (MCAs) could cost the insurer ₹845 crore in the first year while the new business generated by them is likely to be five-seven times the cost incurred, chairman Siddhartha Mohanty said.
1 min
100,000 Bima Sakhis may be enrolled in 12 months
Life Insurance Corporation (LIC) will engage women agents (MCAs). The cost could be ₹845 crore in the first year.
1 min
Township for data centres likely: Goel
LEADING INDIAN CONGLOMERATES and other companies have pledged to make combined investments of more than ₹35 lakh crore in Rajasthan over the next few years under the memoranda of understanding signed with the state government, with the largest commitment of ₹7.5 lakh crore coming from Adani Group.
3 mins
Move to create income, boost 'insurance for all' goal: Modi
BESIDES CREATING INCOME opportunities, Life Insurance Corporation (LIC)'s new scheme to engage 200,000 women across the country to expand its business in three years will further strengthen the 'insurance for all' mission, Prime Minister Narendra Modi said on Monday.
1 min
Pharma cos unfazed by US developments
THE INDIAN PHARMA industry is not worried about the possible benefits for Chinese biotech firms following the exclusion of the Biosecure Act, aimed at blacklisting them, from a key US defence budget Bill.
1 min
George Soros row: BJP, Congress trade charges
Uproar over BJP's allegations linking top Congress leaders with US-based billionaire investor George Soros-funded organisations involved in 'anti-India' activities rocked both houses of Parliament which failed to transact any business, even as both parties traded charges.
1 min
Oppn mulls impeachment resolution against Dhankhar
THE UNEASY RELATIONSHIP that Opposition parties share with Rajya Sabha chairman and vice-president Jagdeep Dhankhar is set to come to a head as the INDIA bloc parties have decided to submit a notice to move a no-confidence or impeachment resolution against him. The Opposition parties do not have the numbers in the House to ensure Dhankhar's impeachment as vice-president but are contemplating the move \"very soon\" as a political signal.
2 mins
Foreign Secys meet: Delhi flags plight of minorities, Dhaka says internal issue
● India calls for 'constructive' ties, says attacks 'regrettable'
3 mins
Mahayuti govt wins trust vote in Maharashtra assembly
FIVE DAYS AFTER assuming office, the Mahayuti alliance government in Maharashtra led by Chief Minister Devendra Fadnavis on Monday comfortably won a confidence vote in the state assembly.
3 mins
Jewar land prices may rise by 50% in 6 years
JEWAR, A SMALL town along the Yamuna Expressway, is emerging as one of the fastest-growing real estate micro markets because of the upcoming international airport leading to a 40% appreciation in land prices in the last five years.
1 min
Discounts on cars, SUVs get steeper ahead of year end
Best offers on 2023-made models
2 mins
Vodafone Idea to raise ₹1,980 cr from parent
VODAFONE IDEA ON Monday said its board has approved the issuance of up to 1.75 billion shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore.
1 min
LG India paid ₹323 cr in royalty to parent in FY24
LG ELECTRONICS INDIA, which filed its offer document last week for a $1.8-billion initial public offering (IPO), paid 2.3-2.4% of sales in royalty to its parent in FY24, totaling ₹323 crore, its draft red herring prospectus (DRHP) showed.
2 mins
Zaggle aims to double revenue by next fiscal
Zaggle aims to double its current revenue by FY26, while maintaining profitability on the back of product diversification, strong customer acquisition and market expansion, the company's founder and executive chairman Raj Narayanam told FE.
1 min
AI places an order for 100 aircraft
Six Airbus A350-900s have been delivered to Air India and are operational on several domestic and international routes, including Delhi-London.
1 min
AI places an order for 100 aircraft
Six Airbus A350-900s have been delivered to Air India and are operational on several domestic and international routes, including Delhi-London.
2 mins
MapmyIndia parent to not invest in outgoing CEO firm
CE INFO SYSTEMS, the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback, with its shares closing 16% higher.
1 min
AI's rise driving demand for computers: Lenovo
ARTIFICIAL INTELLIGENCE (AI), the transition from Windows 10 to Windows 11, and a lifecycle upgrade following the pandemic is boosting the demand for personal computers (PCs), Ashish Sikka, Lenovo India's director and category head, told FE.
1 min
CCI seeks SC hearing in e-commerce antitrust case
THE INVESTIGATION IS a major regulatory challenge for Amazon and Flipkart in a market where e-commerce sales are set to exceed $160 billion by 2028, up from $57 billion to $60 billion in 2023.
1 min
BookMyShow FY24 profit rises 28% to ₹109 cr
Online ticketing platform BookMyShow's net profit grew 27.6% to ₹108.63 crore in the financial year 2023-24 (FY24) from ₹85.11 crore in the last fiscal year (FY23).
1 min
Livguard looks to incur ₹3,360-cr capex in 5 yrs
ENERGY STORAGE AND solutions company Livguard is planning to incur a capital expenditure of ₹3,360 crore ($400 million) to increase its battery capacity to 25 gigawatt hours (GWh) in the next five years.
1 min
Sebi alerts on risks of unlisted securities trading
THE SECURITIES AND Exchange Board of India (Sebi) has cautioned investors against platforms that facilitate transactions in unlisted securities of public limited companies.
1 min
FMCG shares weigh heavily on benchmark indices
FAST-MOVING CONSUMER goods (FMCG) stocks, coupled with other geopolitical concerns, weighed on the benchmark indices on Monday, leading to a decline for the second straight session.
1 min
RBI's proposals could drive up credit costs
Experts say LCR norms to hit banks' NDTL by 200-250 bps
2 mins
Globalisation and India
VOLATILE GEOPOLITICAL REALITIES DO NOT AUGUR THE END OF GLOBALISATION
4 mins
A solution in search of a problem
While the idea of a BRICS currency is a powerful negotiating tool in challenging dollar dominance, there are more long-term solutions
3 mins
CEAT: Focus on off-highway tyres
Camso deal to also strengthen company's portfolio in tracks
1 min
Tata Power: Focus on green energy growth
Solar manufacturing, rooftop EPC projects to be key drivers
1 min
Optimistic outlook for Godrej Consumer
FMCG company's long-term prospects are positive
2 mins
Gallagher to buy AssuredPartners in $13.45-bn deal
ARTHUR J GALLAGHER said on Monday it would acquire insurance broker Assured Partners in an all-cash deal worth $13.45 billion, as it looks to bolster its focus on property and casualty and employee benefits across the U.S.
1 min
Chipmaker Nvidia faces Chinese probe
CHINA ON MONDAY said it has launched an investigation into Nvidia Corp over suspected violations of the country's anti-monopoly law, in a move that will likely be seen as a retaliatory move against Washington's recent chip curbs.
1 min
CVC offers to buy software firm in $1.2-billion deal
SHARES IN GERMAN health-care software provider CompuGroup Medical surged 30% on Monday after the company said investor CVC Capital Partners has offered to acquire it and take it off the stock exchange.
1 min
South Korean prez barred from travelling abroad
SOUTH KOREAN PRESIDENT Yoon Suk Yeol has been banned from leaving the country over a failed attempt at imposing martial law, a justice ministry official said on Monday, amid growing calls for him to step down and a deepening leadership crisis.
1 min
Policy shift spurs surge in stocks, bond
STOCKS JUMPED AND China's government bonds rallied after the Politburo shifted its monetary policy stance to imply more easing is coming, mirroring moves made in previous crises.
1 min
China signals bolder stimulus as Trump returns to power
Shift from 'prudent' strategy to come after 14 years
1 min
Sanjay Malhotra to succeed Shaktikanta Das as next RBI governor
While the growth in gross domestic product (GDP) plunged to a seven-quarter low of 5.4% in the second quarter of the current fiscal and demand looked weak, the RBI maintained its \"neutral\" stance.
2 mins
India monitoring Syria situation, calls for stability
A DAY AFTER rebel forces overthrew President Bashar Assad's authoritarian government in Syria, India on Monday joined leading nations to call for stability and preserve the unity, sovereignty and territorial integrity of the Arab nation.
1 min
IT sector hiring may grow 20% in 2025
THE IT SECTOR, which is on the path of recovery, is expected to witness 15-20% growth in job opportunities across various industries in 2025, talent solutions company NLB Services said.
1 min
MFI disbursals drop 10% in Q2 as credit quality takes a hit
DISBURSEMENTS BY MICROFINANCE institutions dropped by more than 10% in the July-September period compared to the year-ago period as the industry started witnessing stress on asset quality, according to data shared by a self-regulatory organisation.
1 min
FY25 Budget shows ways to build an efficient workforce
SKILLS-BASED GROWTH COMPACT CAN BE KEY
3 mins
Luxury property market is a boon to Trump's biz
WHEN DONALD J. Trump started his first campaign for the presidency, two Trump-branded buildings were going up in India, one in the financial capital of Mumbai and the other nearby in Pune.
3 mins
Verdict is clear: Mega merger unlikely to threaten WPP's stupendous lead in India
Globally, Omnicom is the bigger of the two partners; but in India, IPG is at least three times larger than Omnicom, and WPP is double the size of IPG
2 mins
Omnicom takes aim at Big Tech, AI with $13-bn Interpublic deal
AD GIANT IN THE MAKING
2 mins
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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