Financial Express Mumbai - December 07, 2024
Financial Express Mumbai - December 07, 2024
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In this issue
December 07, 2024
LG Electronics India files for IPO, may raise ₹15,000 crore
LG ELECTRONICS INDIA, the domestic arm of the South Korean electronics and consumer durables major LG Electronics Inc, on Friday filed the draft red herring prospectus (DRHP) for its initial public offering (IPO).
1 min
Q3 growth to make up for Q2 loss: FM
THE GROWTH SLOWDOWN in the second quarter of the current financial year was not systemic but the result of a lack of public investments during the first quarter, as the administration was busy with the general election, finance minister Nirmala Sitharaman said on Friday.
2 mins
Das walks the talk
The pitch was rough with the clamour for a repo rate cut growing by the day, especially after the shocking 5.4% GDP growth in the second quarter of this financial year.
3 mins
Russian attacks kill 9, wound 20
RUSSIAN ATTACKS ON
1 min
Trump names David Sacks as AI, crypto czar
DONALD TRUMP SAYS he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect's intent to boost two rapidly developing industries.
1 min
Yoon loses ally ahead of impeachment vote
SOUTH KOREAN PRESIDENT Yoon Suk Yeol lost the support of a key ally, increasing the chances he'll be impeached over his attempt to impose martial law in a vote likely to take place Saturday.
2 mins
Aviva set to buy Direct Line to create $21 billion British insurer
BRITISH INSURER AVIVA has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK's largest home and motor insurer.
1 min
US hiring rebounds in Nov after storm, strikes
UNEMPLOYMENT RATE CLIMBED TO 4.2% AFTER HOLDING AT 4.1%
1 min
Robust domestic output to keep coal imports stable in 2025
The rising domestic production of coal in 2025 is likely to keep the country's imports of the fuel stable at around 206 million tonnes, as per S&P Global Commodity Insights.
1 min
NHAI to assess contractors of highways
TO ENHANCE ACCOUNTABILITY and assess the quality of construction and maintenance of national highways, NHAI has introduced a comprehensive rating system for performance assessment of the concessionaires engaged in highway development and maintenance.
1 min
Economists warn against tighter fiscal consolidation
● Cut PIT rates to boost consumption
2 mins
Monthly labour surveys from March 2025
THE STATISTICS MINISTRY is likely to release the first monthly unemployment surveys, for both rural and urban areas, by March-end, according to an official source.
1 min
Address legal challenges for setting up Central Negative Registry: Panel
TO ENHANCE THE prevention and detection of fraud in the banking sector, the Parliament's Standing Committee on Finance has strongly recommended the establishment of a Central Negative Registry by addressing legal aspects of sharing or using such information.
1 min
India outpaces China in clean tech investments
INDIA HAS OUTPACED China as a destination for clean technology funding in recent months, as efforts to boost domestic green manufacturing help attract investors.
2 mins
Goyal: No change in India's stance to stay out of RCEP
DESPITE THE CALLS from some quarters including the Niti Aayog for a reconsideration of India's decision not to join the China-backed Regional Economic Partnership (RCEP), the government on Friday said it is firm on staying out of the 15-nation trade bloc.
2 mins
Fx reserves jump to $658.091 bn
END CONSECUTIVE WEEKS OF FALL
1 min
Aakash to NCLAT: Don't want to go Byju's way, need funds
AAKASH EDUCATIONAL SERVICES on Friday defended its move to amend the articles of association (AoA), stating that it was required for the company's survival and future growth.
1 min
Future workplace: A holy trinity of AI, analytics & cloud
AI/ML and cloud technology have emerged as the \"holy trinity\" of the future workplace, fundamentally altering traditional roles, according to Future of Work by Nasscom and Indeed India.
2 mins
Flipkart Minutes cheapest, but weakest among rivals
Q-COMMERCE LANDSCAPE
2 mins
Tata Power looks to spend 2.5x more in next five years
TATA POWER IS looking to incur 2.5 times more capex over the next five years than the ₹50,000 crore it spent between 2021 and 2025.
1 min
Cars, SUVs to become costlier from January
NOTWITHSTANDING THE SLUGGISH demand trend currently plaguing the industry, automakers are looking to hike vehicle prices across categories from January 2025 to offset cost pressures.
2 mins
TKIL forays into green hydrogen
TKIL INDUSTRIES, formerly known as Thyssenkrupp Industries India, has forayed into the green hydrogen through an undisclosed investment in SoHHytec, the company said on Friday.
1 min
DHL, FedEx, UPS cleared in antitrust probe
AN ANTITRUST INVESTIGATION has concluded there was no price collusion between the domestic units of delivery companies DHL, United Parcel Service and FedEx, according to three sources and a document seen by Reuters.
1 min
Don't need same level of capital we once did, says CEO
Don't need same level of capital we once did, says CEO
1 min
Ceat to acquire Michelin's Camso for around ₹2k cr
RPG GROUP FLAGSHIP firm Ceat has signed a definitive agreement to acquire two Sri Lanka-based tyre making plants and the brand Camso, all owned by world's largest tyre maker Michelin, for ₹1,905 crore (about $225 million).
1 min
AI Express set to expand fleet size, add new routes
AIR INDIA EXPRESS, the budget-carrier arm of Air India, is embarking on a significant expansion by increasing its fleet size and introducing new routes, as passenger growth remains robust.
1 min
Same old story
RBI seems to be willing to allow growth to stay slower for longer
2 mins
South Korea's tribulation amid regional flux
ON DECEMBER 3, South Korean President Yoon Suk Yeol surprised the nation by declaring martial law.
3 mins
Room for a shallow rate cut
IT IS LIKELY GROWTH WILL SETTLE AROUND 6.5%, WHICH IS BELOW POTENTIAL & THUS CALLS FOR LOWER RATES
4 mins
No surprises
THE MONETARY POLICY Committee's (MPC) penultimate meeting for FY25 bore no surprises, with a status quo on the policy rates and the stance.
3 mins
Go for loan against property if its value is less than 5x the loan
If the property value is less than 5x the loan amount, then it is better to take a loan against the property.
1 min
TVS unveils a new engine at the MotoSoul
TVS Motor Company has unveiled a new 299.1-cc, single-cylinder engine at the ongoing MotoSoul in Goa.
1 min
From the Mediterranean to the Matterhorn
On a motorcycle called Multistrada, in search of a mountain found on the cover of a mouthwatering chocolate, via Milan
2 mins
Beat volatility with multi-cap funds
● Exposure across segments helps optimise returns
2 mins
Secured overnight rupee rate to be introduced soon
THE RESERVE BANK of India (RBI) on Friday announced a new benchmark, Secured Overnight Rupee Rate (SORR), which will include repo and tri-party repos (TREPS).
1 min
Balancing act with some breathing room
Reduction in CRR: Only a band-aid?
2 mins
Higher interest rate cap may have muted impact on NRI capital flow
UNLIKELY TO TRIGGER MAJOR INFLUX
1 min
De-dollarisation not our objective: RBI governor
WE HAVE PERMITTED OPENING OF VOSTRO ACCOUNTS, AND HAVE ENTERED INTO PACTS WITH A COUPLE OF COUNTRIES TO CONDUCT LOCAL CURRENCY-DENOMINATED TRADE SHAKTIKANTA DAS, RBI GOVERNOR
2 mins
Indices snap 5-day rally; close week with gains
END MARGINALLY LOWER ON DAY RBI HOLDS RATES
1 min
Agri loan hike to help small farmers
THE RESERVE BANK of India's (RBI) move to hike collateral-free short-term loans for farmers to ₹2 lakh from ₹1.6 lakh is expected to equip smallholder farmers to adapt to the rising cost of farming.
1 min
Pushpa-2 scent wafts through box offices
HAILED AS THE new demi-god of entertainment, Allu Arjun is setting the box office ablaze with Pushpa 2: The Rule.
2 mins
How Kohli, Gill loosened India's control
SHUBMAN GILL was eating a banana when Virat Kohli walked into bat as there was a short delay with the third umpire checking the validity of the catch that dismissed KL Rahul.
2 mins
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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