Financial Express Hyderabad - January 04, 2025
Financial Express Hyderabad - January 04, 2025
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In this issue
January 04, 2025
India Looking For Deep Ties With Trump Govt: Goyal
INDIA IS LOOKING forward to a deep and substantive engagement with the incoming Trump administration that assumes office later this month, commerce and industry minister Piyush Goyal said on Friday.
1 min
Govt open to make it easier for startups to return to India
THE GOVERNMENT IS open to ideas to make it easier for startups that have migrated overseas to return, commerce and industry minister Piyush Goyal said on Friday.
1 min
13 States, UTs Among 'Achievers' in Logistics Performance Index
Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu and Delhi are among the 13 states and Union Territories (UTs) that have been categorised as \"achievers\" in the logistics index chart 2024, according to a report released by the Commerce and Industry Ministry on Friday.
1 min
Govt boosts gas supplies to CGD firms, stocks rise
SHARE PRICES OF City Gas Distribution (CGD) companies, including Indraprastha Gas, Mahanagar Gas, and Gujarat Gas, surged by up to 6% on Friday, recovering from intraday lows.
2 mins
MSP Paddy Purchases Cross Last Year's Level
DESPITE A SLUGGISH commencement of procurement caused by storage crunch in Punjab, the government's paddy procurement for the 2024-25 season (October-September) has surpassed 48.3 million tonne (MT), slightly higher than last year.
1 min
Unclaimed insurance amount at ₹20k-cr at the end of FY24: IRDAI
THE LIFE INSURANCE sector has reported unclaimed amounts totalling ₹20,062 crore as of March 2024, according to the Insurance Regulatory and Development Authority of India (IRDAI).
1 min
Vande Bharat sleeper trains set for May launch
WITH SUCCESSFUL TRIALS of the Vande Bharat sleeper trains at a peak speed of 180 kmph, the railways is gearing up to upgrade its premium long-distance passenger services.
1 min
India's smartphone market to hit $50-bn milestone in 2025
THE COUNTRY'S SMARTPHONE market is expected to cross $50 billion (₹4.3 lakh crore) in value in 2025, according to Counterpoint Research.
1 min
Zomato & Swiggy May Continue ₹10 Fee After Festivities
Zomato and Swiggy are likely to continue charging customers the increased platform fee of ₹10 per order even after the festive season ends, sources aware of the matter told FE.
2 mins
Tata Elxsi joins Qualcomm for future mobility
TATA ELXSI PLANS to collaborate with Qualcomm Technologies to develop and leverage virtual models of Snapdragon Digital Chassis solutions for cloud-native application development. The partnership will focus on advancing Software-Defined Vehicle (SDV) technologies and will be demonstrated at the Consumer Electronics Show (CES) 2025.
1 min
Weak demand to keep revenue growth of FMCG firms muted
Analysts see slower volume growth from weak urban demand
2 mins
GenAI Intensifies Pricing Pressure on IT Sector
The rapid adoption of generative AI (GenAI) is reshaping spending patterns in the IT services industry; however, this technological shift is intensifying pricing pressures for providers.
2 mins
Zepto Sets Up New Entity to Shift to Marketplace Model
Zepto has set up a new entity, Zepto Marketplace, to rejig its operations from a B2B model to a marketplace model, according to people in the know.
1 min
After Quitting as Easy Trip CEO, Pitti Says No Further Stake Sale
NISHANT PITTI, who stepped down as the CEO of Easy Trip Planners on January 1, has said that he will not be selling any more stake in the company.
1 min
The rise and fall of Dunzo's Kabeer Biswas
Though the company's FY24 financials are not available, internal sources suggest Dunzo now operates with 40,000 daily orders and 50 employees
4 mins
Papa John's Plans India Re-entry After Delays
US PIZZA CHAIN Papa John's International plans to make its return to the Indian market in 2025, a year later than planned, while many Western brands rethink their plans as inflation hits consumer spending.
1 min
Forex reserves drop to eight-month low
INDIA'S FOREIGN EXCHANGE reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of December 27, data from the Reserve Bank of India showed on Friday.
1 min
Kotak Bank's Nagnur Steps Down as COO, CTO
KOTAK MAHINDRA BANK'S chief operating officer (COO) and chief technology officer (CTO), Milind Nagnur, has stepped down due to personal reasons, the bank said in an exchange filing on Friday.
1 min
Bajaj Housing Finance stock may drop 21%: Kotak report
Initiates coverage with 'sell' rating; target price at ₹100
1 min
Unlisted shares on a high with rising investor interest
WITH INTEREST IN the unlisted space growing, several smaller firms are deploying innovative ways to tap small investors. These include benchmarks to track the direction of the space, like the Sensex and the Nifty, and low-ticket investment value.
2 mins
JM Fin gets Sebi warning over lapses; stock falls
The Securities and Exchange Board of India (Sebi) has issued JM Financial an administrative warning over regulatory non-compliance during the initial public offering (IPO) of its client, Western Carrier (India).
1 min
Banks post strong growth in advances, deposits in Q3
Festival-Led Demand Drives Growth
2 mins
Weakening Rupee Will Benefit Export-Oriented Firms: Mobius
WHILE A WEAKENING rupee is a dampener for foreign investment inflows into India, export-oriented companies could benefit from the fall in the local currency, as they become more competitive against China, Mark Mobius, chairman of Mobius Emerging Opportunities Fund, said on Friday.
1 min
China's central bank likely to cut rates this year
POLITBURO LAST MONTH EASED THE NATION'S MONETARY POLICY STANCE FOR THE FIRST TIME IN 14 YEARS
2 mins
Hyundai, Kia See Pick-Up in 2025 Sales
SOUTH KOREA'S HYUNDAI Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% to 7.39 million vehicles in 2025, after reporting a dip in 2024 sales and missing their targets.
1 min
Biden blocks US Steel takeover bid by Nippon
PRESIDENT JOE BIDEN has blocked the $14.1-billion sale of United States Steel to Nippon Steel, killing a high-profile deal that sparked a political firestorm and tensions between the US and Japan.
1 min
Boeing Still Needs Culture Change: FAA
A year after a panel blew out of a Boeing 737 Max during flight, the nation's top aviation regulator says the company needs \"a fundamental cultural shift\" to put safety and quality above profits.
1 min
Electric hype, hidden costs
INDIA MUST EMBRACE A BROADER, MORE INCLUSIVE VISION OF CLEAN MOBILITY
4 mins
Trump and crypto flip-flops
Regulators must hold their ground, resisting the call of deregulation and ensuring crypto's integration into the financial system is guided by prudence, not populism
3 mins
Preparing for Trump 2.0
India needs a proper strategy to respond to the US President-elect's threats on tariffs
2 mins
Accelerating adoption of zero-emission trucking
TRANSPORT SECTOR contributes 8.4% of total emissions in India, with freight transport, dominated by heavy-duty trucks, playing a major role. Trucks represent just 3% of vehicle fleet, yet emit 53% particulate matter. With truck sales projected to grow sixfold to 69 million by 2070-71, addressing freight-related emissions is critical.
2 mins
A new route from Delhi to Chandigarh
NEW EXPRESSWAYS
1 min
Claim HRA, home loan relief if working in different cities
● I stay on rent and have purchased a flat in my home town. Can I claim both HRA and tax deduction on the interest paid for the home loan?
1 min
Creta EV to run into strong rivals at launch
It's Hyundai's third electric car after Kona EV and Ioniq 5
1 min
Keep equities at 60%, fixed income at 40%
• Stick to SIPs, STPs to avoid market timing risks
2 mins
HUL nears deal to buy Minimalist
UNLIKE MOST OF its new-age competitors in the beauty and personal care category, Minimalist is profitable.
1 min
Gold Prices Flat at ₹79,700
GOLD PRICES TRADED almost flat at ₹79,700 per 10 g in the national capital on Friday, according to the All India Sarafa Association.
1 min
DPDP Draft Rules
ONE OF THE standout features of the draft rules is the emphasis on parental consent for processing the data of children under 18.
1 min
Reality check for indices
\"ENHANCED PHYSICAL INFRASTRUCTURE is scripting a new story in rural mobility. One of the reasons for the increasingly shrinking horizontal income gap between rural and urban and the vertical income gap within rural income classes,\" said the SBI Research report.
2 mins
Poverty below 5%: Report
SBI report reveals that India's rural-urban income gap is shrinking and poverty is below 5%, driven by infrastructure improvements and government initiatives.
1 min
Rupee decline drives forward premium rates
AS A PART of its exchange rate management measure, RBI has been using other tools like active intervention in the NDF market and conducting mid-tenor buy/sell swaps, selling dollars for a future maturity, thus leaving rupee liquidity and forex reserves partly unaffected.
1 min
Banks cut down on short-term bonds
EYE LONGER DURATION ON RATE CUT HOPES
2 mins
Over 400 flights delayed at IGI due to bad weather
More than 400 flights were delayed at the airport in the national capital on Friday morning as low visibility conditions due to dense fog disrupted operations, according to an official.
1 min
Over 400 Flights Delayed at IGI Due to Bad Weather
More than 400 flights were delayed at the airport in the national capital on Friday morning as low visibility conditions due to dense fog disrupted operations, according to an official.
1 min
Financial Express Hyderabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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