Financial Express Kolkata - January 04, 2025
Financial Express Kolkata - January 04, 2025
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In this issue
January 04, 2025
EVs don't need additional subsidies
● Industry demands infrastructure status for battery charging facilities
2 mins
Major infra, slum redevelopment plans for Mumbai North in 2025
UNION MINISTER PIYUSH Goyal has said slum redevelopment, and fast-tracking key projects like road and railway line extensions, are among the major initiatives planned this year to significantly transform the urban landscape of his Lok Sabha constituency.
1 min
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
Import of Oil from Russia falls 13% in Dec
INDIA'S IMPORT OF Russian crude oil declined by 13.2% to 1.39 million barrels per day in December against 1.61 million barrels per day in November, data from Vortexa showed.
3 mins
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
CPSE dividend receipts at 86% of FY25 target
Dividends likely to exceed the Budget target by a decent margin
1 min
Unclaimed insurance amount over ₹20K cr
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
West Bengal to Initiate Deucha-Pachami Coal Block Mining Soon
Authorities concerned have been asked to complete all required processes to start mining in Deucha-Pachami coal block in West Bengal's Birbhum district within three months, an official said 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
Vande Bharat sleeper services from May
Vande Bharat sleepers may reduce travel time by 2-4 hrs compared to Rajdhani Express & Shatabdi Express
1 min
Sponge-city concept may mitigate flooding
At the fifth edition of the IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India and moderated by Sukrita Baruah, Principal Correspondent, panellists discussed how Guwahati, a growing urban centre, can tackle floods and droughts
5 mins
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.
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
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.
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
Forex reserves drop to eight-month low
The reserves fell by $4.1 bn in the week ended Dec 27, after falling by a cumulative $13.7 bn in the prior three weeks
1 min
Bajaj Housing Finance stock may drop 21%: Kotak report
Initiates coverage with 'sell' rating; target price at ₹100
1 min
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
Banks post strong growth in advances, deposits in Q3
STARTING THE NEW year on a positive note, Bank of Baroda, Bank of India, Yes Bank, and IDFC First Bank reported strong growth in advances and deposits in Q3.
2 mins
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.
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
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
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
Mercedes, Toyota Building Super-Hybrids
The Mercedes GLC 350e offers four zones of climate control and its headlights project icons onto the pavement—such as a pedestrian—to warn of coming hazards.
1 min
US car sales get boost
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
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
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
A $24-billion fund puts its religious stamp on corporate America
JIM LAKE, a devout Christian in Washington state, said his religious beliefs have always made him opposed to practices such as abortion, transgender transitions, or embryonic stem cell research.
3 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
Electric hype, hidden costs
INDIA MUST EMBRACE A BROADER, MORE INCLUSIVE VISION OF CLEAN MOBILITY
4 mins
Why Mark Zuckerberg No Longer Needs Nick Clegg
DURING THE 2010 UK election campaign, Nick Clegg, the leader of the Liberal Democrats, demonstrated the qualities his future boss, Mark Zuckerberg, would later need desperately.
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
Creta EV to run into strong rivals at launch
● It's Hyundai's third electric car after Kona EV and Ioniq 5
1 min
Accelerating adoption of zero-emission trucking
The 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 the 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
DELHI TO Chandigarh is a painful road trip, isn't it, with its unending traffic jams and construction at Kundli, Panipat and Ambala?
1 min
Claim HRA, home loan relief if working in different cities
the exemption under Section 54 by mentioning the purchase of the new flat in May. The exemption under Section 54 applies irrespective of the financial year, as long as the reinvestment conditions are met, and the amount is reinvested before the due date of filing income tax return for the year of sale.
2 mins
Keep equities at 60%, fixed income at 40%
• Stick to SIPs, STPs to avoid market timing risks
2 mins
Poverty below 5%: Report
One of the reasons for the increasingly shrinking horizontal income gap between rural and urban and the vertical income gap within rural income classes.
1 min
Banks cut down on short-term bonds
EYE LONGER DURATION ON RATE CUT HOPES
2 mins
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
Indian equity markets ended the week on a pessimistic note due to a strong US dollar, high valuations, and investors adopting a multi-asset strategy. Domestic markets are also facing slower economic growth, sluggish manufacturing, liquidity deficits, and a depreciating rupee. While some sectors saw gains, others experienced significant losses, impacting investor wealth.
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
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
Rohit No More Part Of Selectors' Red-Ball Plan Beyond Australia Tour
At the toss, with Jasprit Bumrah in the middle, and as the Indian XI lined up for the national anthem at the Sydney Cricket Ground (SCG), Rohit Sharma's absence was conspicuous.
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
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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