Financial Express Kolkata - January 09, 2025
Financial Express Kolkata - January 09, 2025
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In this issue
January 09, 2025
Higher corporate efficiency also behind lower wage growth
The trend of manufacturing companies outsourcing services impacted wage growth in India, Sanjiv Puri, president of the Confederation of Indian Industry (CII), said in an interview.
3 mins
BP bags contract to operate ONGC's Mumbai High field
BRITISH MULTINATIONAL BP has been selected as the technical service provider for the enhancement of production of state-owned Oil and Natural Gas Corp's Mumbai High oil and gas field by up to 60% over baseline levels over a 10-year period.
1 min
DPIIT Looks at Policy Tweaks to Boost FDI
The Department for Promotion of Industry and Internal Trade (DPIIT) held a consultation with stakeholders on Wednesday on ways to increase the inflows of foreign direct investment (FDI) by carrying out required changes in regulations.
1 min
Steel import duty may lead to steep price hike
STEEL PRICES IN 2025 would be much higher than last year's if the proposed safeguard duty on steel imports is imposed by the end of next month, rating agency Crisil said on Wednesday.
1 min
Digital farmer ID must to apply for PM Kisan benefits
● States requested to upgrade land records
1 min
Gold imports overstated by $11.7 bn in Apr-Nov: Govt
Losing Sheen
2 mins
New ISRO chairman: The brain behind India's cryogenic success
FROM CHANDRAYAAN to the latest Space Docking Experiment (SpaDeX) and the upcoming Gaganyaan missions, the Indian Space Research Organisation is \"going through a successful phase\", new ISRO chairman, Dr V Narayanan, said on Wednesday.
2 mins
Isro delays space docking experiment one more time
SPACE AGENCY ISRO postponed a highly anticipated space docking mission for the second time late Wednesday.
1 min
Body of one of nine trapped Assam coal miners found
THE BODY OF one of the nine workers trapped inside a coal mine in Assam's Dima Hasao district was recovered by army divers on Wednesday on the third day of the rescue operations, officials said.
1 min
Why is BJP not allowing public to see Delhi CM's 'Sheesh Mahal', asks AAP
AT 11 AM ON Wednesday, Aam Aadmi Party (AAP) leaders Sanjay Singh and Saurabh Bhardwaj arrived in front of the barricades lined up before the 6, Flag Staff Road bungalow on Civil Lines, acquired by the Public Works Department, to stage a protest.
1 min
Modi Inaugurates Projects Worth Over ₹2L Cr in Andhra
PRIME MINISTER NARENDRA MODI on Wednesday virtually laid the foundation stone and launched projects worth over ₹2 lakh crore here.
1 min
Elgar case: Rona Wilson, Dhawale granted bail
The Bombay High Court on Wednesday granted bail to researcher Rona Wilson and activist Sudhir Dhawale, both arrested in 2018 in the Elgar Parishad-Maoist links case.
1 min
E-comm, q-comm major driver of demand in the country
Welspun One, the logistics and industrial property arm of Welspun Group, recently said it plans to raise ₹5,000 crore to fund its expansion.
2 mins
Nadella: India must balance AI ambition with investment
INDIA HAS THE potential to be a global leader in artificial intelligence (AI), but it must carefully weigh its investments in building foundational AI models, Microsoft chairman and CEO Satya Nadella said on Wednesday.
1 min
Infinity Fincorp loan book tops ₹1K cr
MUMBAI-BASED INFINITY FINCORP, which provides loans against property for MSME borrowers, has increased its loan book to over ₹1,000 crore, company founder, MD and CEO Shrikant Ravalkar told FE in an interaction.
1 min
Wilmar readies post-Adani exit blueprint
Focus On Food Business Likely
1 min
Top contenders shortlisted for ₹10k-cr AI compute initiative
● List includes Yotta Data Services, Jio Platforms, Tata Communications
1 min
Inter-ministerial team to govern AI proposed
A PANEL APPOINTED by the ministry of electronics and IT (MeitY) has recommended an inter-ministerial approach to govern artificial intelligence (AI).
1 min
SC order on land row drags Aditya Birla realty shares
THE SHARES OF Aditya Birla Real Estate (formerly known as Century Textiles and Industries) fell 4.57% on Wednesday after the Supreme Court overturned a 2022 ruling by the Bombay High Court, which had favoured the company in a land dispute with the Municipal Corporation of Greater Mumbai (MCGM).
1 min
JSW's Mozambique deal on hold
A Long Battle Ahead
2 mins
M&M Unveils Advanced Hub for EV Production
MAHINDRA HAS LAUNCHED a cutting-edge electric vehicle (EV) manufacturing and battery assembly facility at its Chakan hub, dedicated to electric-origin SUVs.
1 min
New entrants, QSRs fuel 10-min food delivery biz
From Niche To Universal
1 min
Ola Electric Gets Sebi Warning Over Disclosure Lapses
MARKETS REGULATOR SEBI has issued an administrative warning letter to Ola Electric Mobility over violations of disclosure norms.
1 min
NBFC fundraising through ECB route hits 5-year high
FALLOUT OF RBI STRICTURES
2 mins
RBI Lifts Restrictions on Asirvad, DMI Finance
The Reserve Bank of India on Wednesday lifted supervisory restrictions on Asirvad Micro Finance and DMI Finance.
1 min
Govt Mulls Lifting Ban on Trade in Some Crop Futures
The government is considering revoking a three-year ban on futures trading in seven agricultural commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.
1 min
Rupee Slumps 14 Paise on Rise in Crude Oil Prices, Strong Dollar
The rupee fell 14 paise, or 0.2%, to an all-time closing low of 85.86 on Wednesday as the dollar further strengthened on account of positive economic data from the US, said forex traders.
1 min
Indices Stage Smart Recovery, Defy Slowdown Concerns
The benchmark indices staged a smart recovery in the second half of the trading session on Wednesday, but ended the day with marginal losses.
1 min
Microfinance portfolio shrinks
THE MICROFINANCE PORTFOLIO declined 4.3% to ₹4.14 lakh crore in the September quarter as microlenders turned cautious amid concerns over the deteriorating asset quality, according to a report released by credit information company Crif High Mark.
1 min
Samsung Profit Outlook Falls Short of Estimate
SAMSUNG ELECTRONICS' PRELIMINARY fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end chips to Nvidia.
1 min
Tesla poised for $1-bn windfall from EU emissions curbs
TESLA COULD COLLECT more than €1 billion ($1 billion) in compensation from rival automakers that need help meeting tougher pollution standards in the European Union this year, UBS Group analysts said.
1 min
Putin's booming war economy poised for soft, bumpy landing
PRESIDENT VLADIMIR PUTIN'S invasion of Ukraine triggered an economic boom in Russia built on the back of government stimulus. Almost three years on, there are gathering signs the bill is about to come due.
1 min
OpenAI chief denies sister's allegations of sexual abuse
THE SISTER OF billionaire OpenAI chief executive Sam Altman filed a lawsuit accusing him of sexually abusing her regularly between 1997 and 2006, prompting him and other family members to deny her claims.
1 min
Trump Mulls National Economic Emergency Call to Support Tariffs
PREZ-ELECT HAS VOWED TO IMPOSE 10% TARIFFS ON GLOBAL IMPORTS
1 min
China Bolsters Consumer Subsidies to Boost Spending
AUTO MARKET REBOUNDS
1 min
AI startup Anthropic to raise at $60 bn value
OPENAI RIVAL ANTHROPIC is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter.
1 min
Tidings for agri-budget
All eyes will be on how the govt addresses the narrative of agrarian distress
2 mins
Reshaping consumer behaviour
High fintech adoption isn't just a trend but a game changer in India; three 'S's will define 2025 for the sector - security, sustainability, and scalability
3 mins
Fact-checking reversal lets Zuckerberg drop charade
MARK ZUCKERBERG'S VIDEO announcement on Tuesday that the company would abandon its fact-checking efforts and loosen moderation marks a stunning reversal of years of promises regarding safety and misinformation.
3 mins
A power distribution poser
EACH CASE OF PRIVATISATION HAS BEEN A LESSON FOR THE NEXT
4 mins
'Align AI and business goals for better results'
ENTERPRISES are increasingly recognizing the value of multi-cloud architectures and the ability to capitalize on the unique strengths of various cloud platforms to enhance their operational capabilities
2 mins
GCCs focus on skills-based hiring for growth
GCCs focus on skills-based hiring for growth
2 mins
Oil pares gains on dollar strength
OIL PRICES TRIMMED earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.
1 min
Pritish Nandy dies at 73
Veteran journalist, poet and filmmaker Pritish Nandy passed away in Mumbai on Wednesday, sources close to him said.
1 min
India seeks NRI participation in 'Viksit Bharat'
THE 18TH PRAVASI Bharatiya Divas (PBD) convention kicked off here on Wednesday, with external affairs minister S Jaishankar calling upon NRIs and Persons of Indian Origin to actively participate in the quest for a 'viksit Bharat' (developed India).
1 min
The plan is profitability first, followed by IPO
Unacademy, after significantly reducing its losses, is prioritizing profitability before considering an IPO. The company's focus is on its core business and scaling its Airlearn language learning app.
1 min
Foxconn, Dixon Urge Govt to Pay ₹700 Cr in Pending PLI Subsidies
The government is reviewing the two requests, the people said.
1 min
AI Policy to Get a Shot in the Arm
India's AI policy is expected to receive a boost in the upcoming Budget, with potential announcements on AI centers and skilling initiatives. The plan aims to leverage AI's potential while mitigating job displacement concerns.
1 min
Bid for 2036 Olympics takes pan-India route
● Bhubaneswar, Bhopal, Pune to join Ahmedabad
3 mins
Trump comeback: Honda to go slow on new EVs
HONDA MOTOR WILL be cautious about starting production of new electric vehicles due to uncertainty about US President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday.
1 min
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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