Financial Express Kolkata - January 01, 2025
Financial Express Kolkata - January 01, 2025
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In this issue
January 01, 2025
Core sector growth in Nov at four-month high of 4.3%
Economists expect overall industrial growth to be 5-7%
1 min
GTRI: Exports cross $800 billion in 2024
INDIA'S OVERALL EXPORTS in calendar year 2024 likely touched $814 billion, growing at 5.58% year-on-year, according to a report by trade policy think tank Global Trade Research Initiative (GTRI).
1 min
Govt firms up plan to widen ambit of quality control for steel
1,000 more grades to be brought under BIS standards; move will check imports too
3 mins
Centre's Fiscal Deficit in Apr-Nov at 52.5% of BE
● Capex down 12.3%, FY25 target may be missed
1 min
Coal stocks at thermal units improve to 72%
COAL STOCKS AT the country's thermal power plants improved to 72% of the normative level as of December 30, compared to just 58% in the same period of last year, data from the Central Electricity Authority showed.
1 min
World Bank's 'B-Ready' score: Report flags India's challenges
INDIA MAY FACE challenges in achieving good scores on parameters like business entry, labour regulations, and international trade in the World Bank's Business Ready report, according to think tank GTRI.
1 min
ICAI's global networking norms restrictive: Big Five
The international networking guidelines being worked upon by the Institute of Chartered Accountants of India (ICAI) are restrictive, two partners at Big Five audit firms told FE.
2 mins
Tigress Zeenat taken to Odisha
AFTER TERRORISING VILLAGERS in Jharkhand and West Bengal, tigress Zeenat on Tuesday night was on the way back to Similipal Reserve Forest in Odisha from where she escaped about three weeks back, officials said.
1 min
Revised standards for organic products soon
India will soon unveil updated standards for organic agricultural products to bring them at par with the latest European Union’s (EU) grade to bring in more clarity and transparency in the processes while strengthening the regulatory oversight through data analytics, a senior official said.
1 min
Capacity of wheat silos to triple in three years
THE GOVERNMENT is aiming to build 9 million tonne (MT) of wheat silos capacities over the next three years, from a current level of 2.8 MT of state-of-the-art grain storage facilities.
2 mins
Coffee exports surpass $1-bn mark in Apr-Nov
TRADITIONALLY A TEA exporter, India is making significant inroads into the global coffee export market with total exports during the current financial year up to November crossing the $1-billion mark for the first time, according to data from Centre for Monitoring Indian Economy (CMIE).
1 min
Spurious drugs worth ₹6.6 cr seized in Kolkata
A JOINT INVESTIGATION conducted by the Central Drugs Standard Control Organisation (CDSCO) and the Drugs Control Directorate, West Bengal at the premises of a wholesale firm in Kolkata recently led to the seizure of spurious drugs estimated to be worth ₹6.6 crore.
1 min
Emerging tech to spur 20% job growth in India
INDIAN IT ECOSYSTEM is poised for a promising growth trajectory in the coming years with emerging technologies expected to witness a 20% increase in new jobs in 2025, Human Resources (HR) platform First Meridian Business Services said on Tuesday.
1 min
Atul, Rahul Kirloskar to challenge Sebi order on family settlement
ENTITIES UNDER ATUL and Rahul Kirloskar's control - Kirloskar Oil Engines (KOEL), Kirloskar Industries (KIL), Kirloskar Pneumatic (KPCL), and Kirloskar Ferrous (KFL) - are gearing up for a legal battle against a Securities and Exchange Board of India (Sebi) directive.
1 min
Blinkit Launches Large Order Fleet in Delhi, Gurugram
Blinkit, the quick commerce arm of Zomato, has launched a large order fleet in Delhi and Gurugram to handle large orders, including electronics and party supplies.
1 min
IT companies set for gradual Q3 recovery with BFSI boost
• Mid-tier IT firms likely to outpace industry majors
2 mins
Investor confidence powers semiconductor startups
SEMICONDUCTOR STARTUPS ARE riding a wave of increased investor confidence, with total funding in 2024 reaching $21.3 million, according to Tracxn.
1 min
Thomas Cook reports cyberattack on IT infra
Thomas Cook (India) on Tuesday said there has been a cyberattack on its IT infrastructure and it is working with security experts to support its investigation and take remedial action.
1 min
CCI Seeks More Info on Charges Against Quick-Commerce Firms
The Competition Commission (CCI), which has received a complaint of anti-competitive practices against quick commerce companies, is waiting for more information on the allegations from the complainant before taking a decision on the matter.
1 min
BPCL Boosts West Asian Oil Imports
● Oil imports from Russia slipped to 1.47 mn barrels/day
1 min
RIL Spent $13 Billion on Acquisition in 5 Years
Reliance Industries has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail, and media businesses to script a pivot away from core oil and petrochemicals business to clean energy and consumer-facing verticals.
1 min
BAA plans to open pilot training centre in India
BAA TRAINING, A global aviation training provider, is considering establishing a pilot training centre in India to capitalise on the predicted surge in air travel demand in the country.
1 min
Sebi Launches MF Lite Scheme to Strengthen Passive Funds
Sebi on Tuesday announced the launch of the Mutual Funds Lite (MF Lite) framework to simplify the compliance process for entities launching passively managed mutual fund schemes.
1 min
Re closes at new all-time low
THE RUPEE CLOSED at a fresh low due to broad-based dollar bids and declining Chinese yuan, said forex traders.
1 min
FPIs Again Turn Net Buyers of Govt Securities in Dec
AFTER TURNING NET sellers of government bonds under the fully accessible route (FAR) for the first time since India's inclusion in the JP Morgan Global Market Index - Emerging Suite in November, foreign portfolio investors (FPIs) have again turned net buyers in December.
2 mins
Sensex, Nifty fall in final session
BENCHMARK INDICES Sensex and Nifty ended lower on the final session of 2024 on Tuesday amid persistent foreign fund outflows and weak trends in the global markets.
1 min
Indices Post Positive Returns for Ninth Consecutive Calendar Year
THE SENSEX AND NIFTY recorded gains of 8.2% and 8.8%, respectively, in 2024, marking positive returns for nine consecutive calendar years—the longest winning streak.
1 min
Gold set to shine brighter in 2025
Easing interest rates and geopolitical tensions could fuel a golden rally
2 mins
Central Bank Steps Up Liquidity Infusion
CHINA'S CENTRAL BANK injected 1.7 trillion yuan ($233 billion) of cash in December, dialing up liquidity support for the economy and financial markets at year-end.
1 min
S Korea crash: Airport embankment in focus
SOUTH KOREA RAMPED up investigations on Tuesday into the cause of its deadliest domestic air accident as police worked to identify victims while families of those killed in the crash of a Jeju Air jet pushed for more details.
1 min
US Treasury says its system hacked, China behind it
THE US TREASURY Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday.
1 min
South Korea Issues Arrest Warrant for Impeached Prez
A SOUTH KOREAN court gave authorities approval on Tuesday to detain impeached President Yoon Suk Yeol in a criminal investigation into his martial law decree, marking the first time that a sitting president of the country has faced arrest.
1 min
China's 2024 GDP growth set to hit target of 5%, says Xi
PREZ SAYS NEXT YEAR HE WILL IMPLEMENT MORE PROACTIVE POLICIES
1 min
How Musk Planted Himself at Trump's Doorstep
Elon Musk plays many roles with President-elect Donald Trump. He is Trump's most important donor, most influential social media promoter, and a key adviser on policy and personnel.
2 mins
Russia to Cut Gas Flow to Europe via Ukraine
Barring a last-minute surprise deal, gas flows are likely to stop on Jan. 1 after the expiry of a five-year transit agreement between Russia and Ukraine, marking an almost complete loss of Moscow's once mighty hold over the European gas market.
1 min
Audit Needs To Be Proper
Global investors will look for transparent accounting, best practices are a must
2 mins
Navigating trade challenges
IN 2025, INDIA'S TRADE POLICY SHOULD FOCUS ON SERVICES, US AND JOINING THE CPTPP
4 mins
Let the rupee find its own level
Seeking elusive stability in the exchange rate while the economy remains open to capital flows entails a relatively less independent monetary policy to boost growth
3 mins
Here's why there's hope for climate financing
SO, WE'RE AT the end of another record-breaking year for heat. It became \"effectively certain\" at the start of December that 2024 is going to be the warmest year on record and more than 1.5°C above the pre-industrial baseline, according to the Copernicus Climate Change Service, part of the European Union's Earth observation programme.
2 mins
'AI and marketing make a powerful combination'
What are the barriers to large-scale AI adoption? The most prominent is infrastructure cost. An AI assistant, for example, can cost as much as a human one unless scaled effectively - for example, deploying multiple assistants to
2 mins
Build relationships to cement success...
...and some more ideas to defend your market
2 mins
Spotlighting the customer, not the product
Why the Mercedes-Benz campaign rocks:
1 min
Naxals trying to expand without success: MHA
FACING TOUGH ACTION from
1 min
Bajaj Auto topples Ola
TO COUNTER THESE challenges, Ola Electric opened 3,200 new stores in a single day last week, bringing its total network to 4,000 showrooms and service centres nationwide.
1 min
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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