Financial Express Chennai - December 16, 2024
Financial Express Chennai - December 16, 2024
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In this issue
December 16, 2024
VCs double returns from public market exits to $4 billion
RIDING THE IPO BOOM
1 min
Full Budget funding for NHAI may continue for a decade
TOLL REVENUES TO SUFFICE FOR CAPEX NEEDS IN A FEW YEARS
2 mins
Capacity utilisation by steel companies falls to a four-year low
Demand for higher import tariffs shows cost disadvantage
4 mins
Crude import bill up 5% in Apr-Nov
INDIA'S CRUDE IMPORT bill increased 4.9% during the first eight months of the current fiscal 2024-25 to $91.7 billion against $87.4 billion in the same period in FY24, data from the Petroleum Planning and Analysis Cell showed.
1 min
India gained from the last Trump tariff war: Study
TO REAP BENEFITS
1 min
S Korea's acting prez calms markets, reassures allies
SOUTH KOREA'S ACTING president, Han Duck-soo, moved on Sunday to reassure the country's allies and calm financial markets a day after President Yoon Suk Yeol was impeached and suspended from his duties over a martial law attempt.
1 min
Cyclone Chido slams Mayotte, at least 11 dead
AT LEAST 11 people have died after Cyclone Chido caused devastating damage in the French territory of Mayotte in the Indian Ocean, France's interior ministry said Sunday.
1 min
S Korea's acting prez calms markets, reassures allies
SOUTH KOREA'S ACTING president, Han Duck-soo, moved on Sunday to reassure the country's allies and calm financial markets a day after President Yoon Suk Yeol was impeached and suspended from his duties over a martial law attempt.
1 min
Open global trade only way to feed world: WTO
GLOBAL POVERTY WILL increase if the world doesn't work to maintain a stable and open trading system, World Trade Organisation (WTO) director general Ngozi Okonjo-Iweala said.
1 min
Traveltech startups taking to acquisitions to drive growth
TRAVELTECH STARTUPS LIKE Oyo, ixigo, EaseMyTrip are driving growth through a surge in acquisitions, targeting market expansion, customer reach and enhanced capabilities, given the post-pandemic travel boom.
1 min
Myntra's in vogue with M-Now
Myntra ended FY24 in style by posting a profit of ₹31 crore and swinging into the black from a staggering loss of ₹782 crore in the previous year.
3 mins
Jet's liquidation may take off with auctioned planes
AFTER A DELAY of more than two years, three Boeing 777s, formerly owned by Jet Airways and lying at the Mumbai airport, may finally be transferred to Malta-based Challenge Group.
1 min
Confident of meeting sales guidance for FY25'
Bengaluru-based Prestige Estates Projects plans to launch multiple projects in Bengaluru, Hyderabad, Mumbai, among others, comprising a total area of 53 million sq ft with total sales value of ₹52,114 crore by March 2025.
1 min
Airlines' need to diversify their revenues hit by slim margins: IATA's Thomsen
AIRLINES ARE PRICE takers as they do not have an influence on the prices they pay, IATA chief economist Marie Owens Thomsen has said, adding that the need to diversify revenues is complicated by slim profit margins and weak balance sheets.
1 min
IIHL to wrap up RCap deal by Jan 2025, say Hindujas
An additional amount by way of debt of ₹3,000 crore has already been raised and kept in a separate account, pending closure of certain activities.
1 min
Dark store tech startups see a glimmer of profit
These startups play a critical role in bridging the gap for marketplaces like Amazon, Flipkart, and Nykaa, which are now demanding regional inventory for faster deliveries.
1 min
Dixon, Vivo India tie up to make smartphones
JV unit will handle part of India's orders
1 min
Nissan's India turnaround plans intact
JAPANESE AUTO MAJOR Nissan's plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official.
1 min
Pharma, FMCG, oil and gas lead hiring for AI/ML roles
PHARMACEUTICALS, FMCG, AND oil and gas were among the top hirers for niche profiles like artificial intelligence/machine learning (AI/ML), cybersecurity, cloud computing, data science and big data analytics and blockchain in 2024.
2 mins
Nifty breaks out, set to soar higher
FRIDAY THE 13TH turned out to be an eventful day for the Nifty. It initially plunged 368 points during late morning trade but rebounded strongly to close with a gain of 220 points, or 0.89%.
2 mins
RBI intervention ensures rupee stability
AMID NEW LOWS
2 mins
India Inc raises record ₹1.21 L-cr via QIPs till Nov
FUNDRAISING THROUGH QUALIFIED institutional placements (QIPs) reached an all-time high in 2024, surpassing the ₹1 lakh crore-mark for the first time ever in a calendar year, fuelled by strong stock market conditions and higher valuations.
1 min
Sebi eases listing & disclosure rules for public companies
SLEW OF AMENDMENTS
1 min
B-school admission depends on IQ, soft skills
Even as the Indian School of Business (ISB) has started taking freshers—it previously used to have programmes only for working professionals—the role of admissions consulting organisations such as ISB Mantra won't change.
2 mins
NPS: Annuity plan without return of purchase price maximises payout
Go for joint life plan if you have dependent spouse
2 mins
Claim denied? You may be at fault too
Withholding crucial details can lead to rejections
2 mins
Rationalised GST rates key for jobs and growth
While reforming GST, the Centre should remember that rate changes must boost public revenue while enabling businesses to invest and create jobs
3 mins
Slow-moving zero
Sebi needs to hasten slowly on T+0 as stakeholders are yet to be convinced
2 mins
Defining UPSI
MATERIAL OR PRICE-SENSITIVE? SEBI'S PROPOSED CHANGES TO DEFINITIONS OF PRICE-SENSITIVE INFORMATION HAS MERITS AND DEMERITS
4 mins
The race isn't over yet
Can the new Dzire and Amaze rev up a slowing market?
2 mins
Exploring wavy roads of north Goa in the new Amaze with the president & CEO of Honda Cars India
THE HONDA STORY has been as much of successes as of missed opportunities.
1 min
A car fest along the lines of IBW
Will be held on Feb 22-23 in Aamby Valley, Lonavala
1 min
Uniqlo takes a contra bet in fashion
Japanese retailer stays clear of path taken by Zara, H&M
3 mins
Bridging language divide in GenAI
LLMs enable multi-language communication
2 mins
'We use technology as a force for good'
As IBM's first chief impact officer, Justina Nixon-Saintil drives the company's strategic alignment with business goals and ESG considerations.
1 min
Wireless audio for your music, movies and games
These earbuds offer a snug fit and strong battery
2 mins
Pricey, but a good choice for content creators
It takes photos and videos that rival digital cameras
2 mins
39 ministers join Fadnavis government
THE MUCH-AWAITED CABINET expansion of the Devendra Fadnavis-led government in Maharashtra took place on Sunday with 39 ministers taking oath at a function in Nagpur.
1 min
AAP releases 4th list of candidates for elections
AAP releases 4th list of candidates for elections
2 mins
Delhi govt plans to set up AI labs in schools
THE DELHI GOVERNMENT has announced plans to set up Artificial Intelligence (AI) Labs in select schools under its jurisdiction to foster advanced technological learning and innovation among students.
1 min
Do not criticise EVMs when results not in favour: Omar
OPENING ANOTHER POINT of friction with an important ally, Jammu and Kashmir Chief Minister Omar Abdullah has dismissed the Congress party's vehement objection to Electronic Voting Machines, and echoed the BJP's defence — you can't accept election results when you win, and blame EVMs when you lose.
1 min
Decoding the rise of Tollywood in North India
TWO WEEKS BEFORE the release of Allu Arjun's Pushpa 2 in theatres, the makers hosted a grand trailer launch in Patna. Over 10,000 people packed into Gandhi Maidan, Bihar's capital, surpassing the attendance at many political rallies typically held at the venue.
3 mins
Can't tax upper middle class more, says Piketty
Describing India's decision to impose a wealth tax way back in 1957 as trying to do too much too fast,\" French economist Thomas Piketty, regarded most for his passionate advocacy of taxing the wealth of billionaires to reduce inequalities, says there's no way the government can increase tax on the upper middle class and middle Indian entrepreneurs unless it demonstrates people at the top pay a higher tax rate.
2 mins
Tabla maestro Zakir Hussain critical after heart ailment
TABLA MAESTRO ZAKIR Hussain has been admitted to the ICU of a San Francisco hospital with heart-related problems, his friend and flautist Rakesh Chaurasia said on Sunday.
1 min
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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