Financial Express Kochi - January 03, 2025
Financial Express Kochi - January 03, 2025
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In this issue
January 03, 2025
Dec Manufacturing PMI Slips to 56.4, Weakest in 2024
EXPANSION IN MANUFACTURING activity in the country slowed in December, amid softer demand conditions and price pressures.
1 min
India to add 30 GW RE capacity in FY25-26
INDIA IS LIKELY to add 30 gigawatt (GW) of renewable energy capacity over FY25-26, backed by continued policy support, availability of liquidity and established growth plans of some large corporate players, reduced equipment prices, and waiver of interstate transmission system charges, analysts say.
1 min
Goyal to meet EV industry representatives
Representatives of electric vehicle manufacturers will meet commerce and industry minister Piyush Goyal on Friday to discuss issues related to the expansion of manufacturing and the adoption and building of support infrastructure, including charging and battery swapping facilities.
1 min
Employment Up 36% Between FY15, FY24
EMPLOYMENT IN THE country has increased by 36% to 643.3 million in 2023-24 from 471.5 million in 2014-15, \"reflecting an improvement in jobs scenario\" under the NDA regime, labour minister Mansukh Mandaviya said on Thursday, citing official data.
1 min
Budget wish list: Lower tax on FD interest & fund for NBFCs
Ahead of the Budget for 2025-26, representatives of the financial sector and capital markets on Thursday sought a lowering of tax on interest income from fixed deposits to align with capital gains tax on equities, a dedicated refinancing window for non-banking financial companies (NBFCs), and incentives for long-term savings.
2 mins
Banks urge RBI to ease cash crunch with forex swaps
SOME BIG LENDERS in India have asked the central bank to inject liquidity using foreign-exchange swaps as short-term currency financing costs surged to a four-year high, according to people familiar with the matter.
1 min
SC Hauls Up Punjab Over Farmer Leader on Protest Fast
The Supreme Court on Thursday slammed the Punjab government over the hunger strike by farmer leader Jagjit Singh Dallewal, saying the state's attitude appeared to be against reconciliation and its officials were spreading the wrong impression that the court was trying to persuade Dallewal to break his fast.
1 min
ONDC Onboards Over 700k Sellers, Service Providers
More than 700,000 sellers and service providers have been included on the Open Network for Digital Commerce (ONDC) so far, the government said on Thursday.
1 min
Low rainfall in Jan-March may hit rabi crop yields
IMD PREDICTS ABOVE-NORMAL TEMPERATURE IN NORTH INDIA TOO
2 mins
Centre to get first chance to restore J&K statehood: CM
IN HIS FIRST media interaction here Thursday, two-and-a-half months after taking over as Jammu and Kashmir Chief Minister, Omar Abdullah stressed on restoration of statehood to J&K but added that his government was willing to wait for the Centre to do so rather than taking recourse to courts.
2 mins
Iran minister in Delhi for talks to boost ties
DAYS BEFORE DONALD Trump returns to the Oval Office, Majid Takht-Ravanchi, Iran's Deputy Foreign Minister, has reached New Delhi for talks Friday with External Affairs Minister S Jaishankar and Foreign Secretary Vikram Misri.
2 mins
Looking forward with hope to achieve growth at scale: Mahindra CEO
MAHINDRA GROUP is looking forward to the new year with hope and confidence, driven by its aspiration to achieve growth at scale, according to its CEO & managing director Anish Shah.
1 min
2w sales skid 9%, lowest in over a year
DESPATCHES OF MOTORCYCLES and scooters of five of India's top six manufacturers to dealers fell 9% year-on-year during December as destocking efforts and lower retail demand took a toll on despatches.
1 min
Indian Airlines Score Low on Punctuality
Flight delays in India rise by 27%, affecting 2.39 mn passengers
1 min
Hyundai to Launch Electric Creta With Two Battery Options
HYUNDAI MOTOR INDIA will offer two battery options on the electric version of the Creta, which is set to debut in the upcoming Bharat Mobility Show.
1 min
Dunzo co-founder Biswas to exit firm
DUNZO CO-FOUNDER AND CEO Kabeer Biswas is set to exit the troubled hyperlocal delivery startup, according to a report in Moneycontrol.
1 min
RIL to build AI infra hub in 24 months, says Akash Ambani
RELIANCE INDUSTRIES WILL build AI infrastructure in Jamnagar within a record 24 months, making the city the global leader in this domain, said Akash Ambani, director at RIL, at an event commemorating the 25th anniversary of the company's Jamnagar Refinery.
1 min
Can't take action unless there is clear proof: Naidu on Adani deal
ANDHRA PRADESH CHIEF minister N Chandrababu Naidu has said that the Solar Energy Corporation of India's (SECI) agreement to purchase power from the Adani Group was an advantage for the state government and any action on bribery charges would be taken only after a thorough examination of the records.
2 mins
Smartworks takes 480,000 sq ft in Gurugram for ₹94-cr rent per year
CO-WORKING PLAYER SMARTWORKS has leased 480,000 sq ft in a DLF property in Gurgaon at an annual rent of ₹94.68 crore for six years.
1 min
DMart Q3 revenue rises 17.5% to ₹15,565 crore
AVENUE SUPERMARTS, OWNER of retail chain DMart, on Thursday reported a 17.5% rise in its standalone revenue at ₹15,565.23 crore in the quarter that ended on December 31.
1 min
Honasa CBO steps down amid series of exits
ZAIRUS MASTER, CHIEF business officer at Honasa Consumer, has resigned from his post and will step down on February 28, the company said in an exchange filing on Thursday.
1 min
Blinkit tests 10-minute ambulance service
BLINKIT, QUICK COMMERCE arm of Zomato, has ventured into emergency medical services with the launch of a 10-minute ambulance service in Gurugram.
1 min
Microfinance firms' shares surge as MFIN defers capping lenders
Shares of micro-lenders, including CreditAccess Grameen, Spandana Sphoorty and Equitas Small Finance Bank, rallied on Thursday after the Microfinance Institutions Network (MFIN) decided to defer by three months the implementation of limiting the number of lenders to three per borrower.
1 min
Banks' credit growth to be subdued: ICRA
ICRA has revised downwards its credit growth estimate to 10.5-11% for the current financial year from the earlier 11.6-12.5%.
1 min
Sebi to Continue Probe Into Zee, Send Fresh Show-Cause Notice
SEBI ON THURSDAY said it will send a fresh show-cause notice to Zee founder-chairman Subhash Chandra and his son Punit Goenka, as it vowed to continue the investigation into alleged violation of listing norms against the media baron and his company.
1 min
Taking the middle path with diverse investments is key
The stock market has been going through tough times, but the good news is that retail investors have continued to invest in systematic investment plans (SIPs), says Radhika Gupta, MD & CEO, Edelweiss Asset Management Company.
2 mins
PNGRB raps Petronet LNG; shares tank
Tariffs not under regulator's purview, says company
1 min
Market rally riding on high hopes
At a time when market experts have been advising investors to prune returns' expectations from 2025, the benchmark indices' 2.3% surge in the first two days has raised hopes that the stock market may deliver strong returns this year.
2 mins
New Orleans attack: Accused was inspired by Islamic State
A Tesla Cybertruck exploded in flames outside the Trump International Hotel Las Vegas on Wednesday, killing the driver and injuring seven others, and the FBI was investigating whether the blast was an act of terrorism, officials said.
1 min
Europe, Asia factories end 2024 on weak footing
FACTORY ACTIVITY IN Asia and Europe ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and China's fragile economic recovery.
1 min
First in a decade: Tesla annual EV sales drop
TESLA'S ANNUAL VEHICLE sales dropped for the first time in more than a decade despite a year-end push that sent deliveries to a record in the fourth quarter.
2 mins
Apple Offers Big Discounts on New iPhone Models in China
APPLE IS OFFERING rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the US tech giant moves to defend its market share against rising competition from domestic rivals like Huawei.
1 min
US Jobless Claims Fall to Eight-Month Low
INITIAL APPLICATIONS FOR US unemployment capped 2024 at an eight-month low, reflecting the relatively muted levels of job cuts in a labor market that has remained surprisingly resilient.
1 min
China's Late-Year EV Sales Boom Gives Way to Rocky 2025
Chinese electric vehicle makers led by BYD saw a late-2024 sales boom that's set to give way to another bruising year as carmakers face risks to demand both at home and abroad.
1 min
Lessons from Manmohan Singh
Singh, as an RBI governor living through the permissive 1980s, understood the value of fiscal conservatism and implemented it as finance minister
3 mins
H-1B Visa Flip-Flop
Trump must convince hardliners that giving US access to the world's best and brightest is essential to its future
2 mins
Rein in tax terrorism
WE NEED A TRANSPARENT SYSTEM THAT CURBS LITIGATION AND A QUICK RESOLUTION PROCESS
4 mins
Norms for capex release...
Minimising Shortfall
2 mins
Indices soar nearly 2%
EQUITY INDICES OF China, Hong Kong, and Thailand declined by up to 2.66%, while Indonesia (up 1.18%), Australia (up 0.53%), and Singapore (up 0.35%) ended with gains.
1 min
White-collar hiring up 9% in December
Hiring for white-collar jobs in India rose 9% in December compared to the same month in the previous year, a survey released on Thursday showed.
2 mins
Manu, Gukesh Among 4 to Be Awarded Khel Ratna
DOUBLE OLYMPIC-MEDAL-LIST Manu Bhaker and chess world champion D Gukesh were among four winners of the Major Dhyan Chand Khel Ratna award announced by the Sports Ministry, which also named an unprecedented 17 para-athletes in the list of 32 Arjuna awardees to honour their resounding success at the Paris Paralympics.
1 min
Captain Rohit to miss Sydney Test, 'opts to rest'
THE EARLY HINT of India captain Rohit Sharma sitting out of the final Test of the Border-Gavaskar Trophy at Sydney came from head coach Gautam Gambhir.
3 mins
Financial Express Kochi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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