Financial Express Lucknow - March 18, 2025
Financial Express Lucknow - March 18, 2025
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In this issue
March 18, 2025
FY25 Advance Taxes Grow 14.6%; Q4 Rise at Just 2.4%
ADVANCE TAX COLLECTIONS from the corporate sector, other firms and individuals in the current fiscal stood at ₹10.45 lakh crore as on Sunday, up 14.6% on year.
1 min
Himachal CM presents ₹58,514-crore budget
WITH A FOCUS on tourism, rural development and green energy, Himachal Pradesh chief minister Sukhvinder Singh Sukhu on Monday presented a budget of ₹58,514 crore for 2025-26.
1 min
No new tax in ₹2.05L-cr budget in Haryana
HARYANA CHIEF MINISTER Nayab Singh Saini on Monday presented a tax-free ₹2.05-lakh-crore budget for 2025-26, making various announcements including earmarking ₹5,000 crore for \"Lado Lakshmi Yojana\" and setting up an authority to tackle drug abuse.
1 min
WPI inflation records marginal rise in Feb
INDIA'S WHOLESALE PRICE index-based inflation marginally rose to 2.38% in February due to increase in prices of manufactured products, government data released on Monday showed.
1 min
Contours of trade deal with US to be finalised in 2-3 weeks
INDIA HAS NOT brought up the issue of reciprocal tariffs in its discussions with the US, and talks are concentrating on the scope of the Bilateral Trade Agreement (BTA) and the ways to increase the bilateral trade to $500 billion by 2030.
1 min
India, NZ ink defence pact to mute rising Indo-Pacific threat
SIGNALLING DEEPER STRATEGIC convergence in the face of an assertive China in the Indo-Pacific region, India and New Zealand signed a defence cooperation pact on Monday and agreed to step up dialogue to enhance maritime safety.
1 min
FM Urges India Inc To Step Up Participation In Internship Scheme
Finance Minister Nirmala Sitharaman exhorted India Inc on Monday to step up their participation in the PM Internship Scheme (PMIS), hailing it as \"a national cause\".
2 mins
Procurement of wheat begins in MP, Rajasthan
THE GOVERNMENT HAS commenced its wheat procurement drive for the 2025-26 rabi marketing season (April-June).
1 min
Tata Motors, Motherson to be hit by Trump tariff, says Moody's
THE PLANNED IMPOSITION of the claimed reciprocal tariffs on imports by the Donald Trump administration will impact Tata Motors and Samvardhana Motherson International (SAMIL), research and rating agency Moody's said on Monday.
1 min
Lakshmi Venu's elevation at TAFE hints at harmony with TVS Group
Succession In Focus
1 min
Instamart trumps rivals Blinkit, Zepto in reach, now in 100 cities
INSTAMART, THE QUICK commerce arm of Swiggy, on Monday said that it has expanded its reach to 100 cities amid a growing demand for 10-minute deliveries.
1 min
IPV to invest in over 70 startups
GURUGRAM-BASED ANGEL INVESTMENT firm Inflection Point Ventures (IPV) plans to invest in over 70 startups this year, marking a significant increase from over 50 deals it has closed annually over the past two years.
1 min
Maruti Suzuki to hike prices by up to 4% from April
Tata Motors' CVs to be costlier by up to 2%
1 min
FMCG firms seek new law for beauty items
FAST-MOVING CONSUMER GOODS (FMCG) companies are asking for a separate law to govern beauty and personal care (BPC) products, saying current regulations under the Drugs and Cosmetics Act 1940 impede growth.
2 mins
Ather partners Salesforce for dealership ops
IPO-BOUND ELECTRIC TWO-WHEELER manufacturer Ather Energy has tied up with Salesforce to deploy an automotive dealer management system.
1 min
Promoter group to hike stake in SpiceJet to 33.47%
BUDGET CARRIER SpiceJet on Monday announced that its founder and promoter, Ajay Singh, through Spice Healthcare, a promoter group entity, will infuse ₹294.09 crore into the airline.
1 min
NTT Data to invest $500 mn in data centre biz annually
JAPANESE TECH SERVICES company NTT Data will continue to invest at a run rate of $500 million a year in its India data centre business as it scales up capacity in the country.
1 min
IPL free on JioHotstar, with conditions
PUTTING AN END to speculation around Indian Premier League (IPL) moving behind the paywall, Reliance Jio on Monday said users can still watch India's most-watched sporting event for free if they subscribed to a special tariff plan.
1 min
Each demerged Vedanta entity can be $100-billion company: Agarwal
THE FOUR NEW companies formed after the restructuring of Vedanta have the potential to be $100 billion firms each, chairman Anil Agarwal has said in a letter to shareholders.
1 min
DIAL's plea against Hindon airport use: HC seeks govt reply
THE DELHI HIGH Court on Monday sought the Centre's reply on a plea filed by Delhi International Airport (DIAL), which runs the Indira Gandhi International Airport, against the permission given to the Airports Authority of India (AAI) to start commercial flight operations from Hindon airport in Ghaziabad.
1 min
High number of grievances a cause for concern, says RBI governor
THE HIGH NUMBER of customer grievances continues to be a matter of serious concern as 95 scheduled commercial banks received over 10 million complaints from customers in 2023-24, Reserve Bank of India governor Sanjay Malhotra said.
1 min
MFs Raise Exposure to Pvt Banks, NBFCs, Telecom in February
WITH AN 18.5% allocation, private banks remained the pick for mutual funds in February, followed by technology (9.3%), automobiles (8.1%), and healthcare (7.6%), according to a report by Motilal Oswal Financial Services.
1 min
Religare board initiates review, seeks funds from Burmans
RELIGARE ENTERPRISES (REL) on Monday said it has commissioned a governance review of the company and subsidiaries, Religare Finvest and Religare Housing.
1 min
SBI puts off ₹15K-cr fundraising plan on elevated yields
STATE BANK OF India is shelving plans to raise funds this fiscal, discouraged by elevated bond yields despite a policy rate cut and liquidity boost from the Reserve Bank of India, three sources said on Monday.
1 min
Experts Favor Transparent, Uniform Settlement Process
The new standard operating procedure (SOP) for Sebi's settlement mechanism—likely to be introduced soon—needs to be more transparent and provide clarity to stakeholders, said industry participants.
2 mins
Tech giants likely to ramp up AI spending spree after DeepSeek
Shift In Investments
2 mins
UBS boosts gold target to $3,200 as risks elevate
UBS Group became the latest bank to raise its price outlook for gold on increasing chances of a protracted global trade war—a scenario that analysts expect will continue to drive investors to scoop up more of the ultimate haven asset.
1 min
Global CEOs to meet Xi on March 28
CHINA WILL TAKE steps to revive consumption by boosting people's incomes, according to the official Xinhua News Agency, as part of a plan that adds to recent pledges by the government to support demand in an economy threatened by Donald Trump's tariffs.
1 min
Telegram CEO Durov returns to Dubai amid French criminal probe
Telegram's billionaire founder and Chief Executive Officer Pavel Durov is in the United Arab Emirates, where he is a citizen, after France temporarily loosened the conditions imposed on him as part of a criminal probe related to his messaging app.
1 min
No exemptions on US steel and aluminum tariffs, says Trump
US PRESIDENT DONALD Trump said he has no intention of creating exemptions on steel and aluminum tariffs and said reciprocal and sectoral tariffs will be imposed on April 2.
1 min
As Tesla tanks, Musk's hand-picked board chair is doing just fine
Elon Musk is drawing political flak as he champions right-wing causes in Europe and leads President Donald Trump's slashing of the US federal workforce.
2 mins
Putin ceasefire talks to discuss 'land and power' plants: Trump
PRESIDENT DONALD TRUMP said he would speak to Russian President Vladimir Putin on Tuesday about ending the Ukraine war, with territorial concessions by Kyiv and control of the Zaporizhzhia nuclear power plant expected to feature prominently in the talks.
1 min
Ex-post, not ex-ante
Regulation can't be rigid in the digital space as it keeps evolving at an extraordinary pace
2 mins
Tech giants, stop trying to build godlike AI
WE HAVE CHATGPT because Sam Altman wanted to build a god.
3 mins
Trump is already losing
It looks like Donald Trump's \"craziness\" is already polluting sentiment, not just with the US' trading partners (and erstwhile friends) but importantly, with increasing numbers of Americans who were looking forward to Great Times—a soaring stock market, lower prices, and more well-paying jobs.
3 mins
India Winning a Shrinking Sport
Cricket appears to be a game of not-so-glorious certainties. One in which India and, to a lesser extent, Australia and England dictate terms, and the rest play catch-up
3 mins
Zydus to drive global medtech strategy
Backed by large market opportunity and pro-govt policies
2 mins
FY25 Advance Taxes Up 14.6%
CIT MOP-UP, too, grew 17.3%, lower than 20.3% pegged in RE. Collections from securities transaction tax (STT), however, surged nearly 56% to ₹53,095 crore so far this fiscal.
1 min
Bajaj Buys Out Allianz From Insurance JVs
WITH THE ACQUISITION, Bajaj Group's holding in both BAGIC and BALIC will rise to 100% from the current 74%.
1 min
Amazon Eyes India Spinoff, IPO
WHEN CONTACTED, AN Amazon spokesperson declined to confirm the development, stating that the company does not respond to \"rumours and speculations\".
1 min
Financial Express Lucknow Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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