Financial Express Mumbai - December 12, 2024
Financial Express Mumbai - December 12, 2024
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In this issue
December 12, 2024
ONGC eyes Shell, Petronas tie-ups
STATE-RUN ONGC is discussing technology tie-ups with global energy giants like Shell and Petronas for several offshore gas fields.
2 mins
Bhartias to buy 40% in Coke's India bottler
DEAL VALUE PEGGED AT ₹12,500 CRORE
2 mins
Nasdaq-listed ReNew to go private
FOUR MAJOR INVESTORS in Nasdaq-listed ReNew Energy Global have offered to take the company private.
1 min
Industry should strategically realign, support MSMEs: FM
Inflation a global challenge, says Sitharaman
2 mins
CEA warns against undue regulation stifling innovation
Asks regulators to be mindful of the limitations of unelected power”
2 mins
Pharma exporters fret over regulatory hurdles
A bunch of regulatory and administrative issues is scuttling the growth of pharma exports, according to the federation of pharmaceutical and allied products merchant exporters (FPME).
2 mins
DPIIT to examine why demand for higher import tariffs exists
THE GOVERNMENT WILL have to look into why the industry has still not become competitive and demands for higher import tariffs keep coming up, while India's import duties are at world average, a senior official said on Wednesday.
1 min
CCI looking at killer, creeping acquisitions in digital market
The Competition Regulator is closely watching the mergers and acquisitions (M&As) in the digital market to identify \"killer\" and \"creeping\" acquisitions.
1 min
Import management system for laptops extended till Dec '25
The government on Wednesday extended the import management system for laptops, tablets and other IT hardware by a year beyond December 31.
1 min
Agriculture has tremendous opportunity to grow vertically: ITC chairman
THERE IS A 'serious concern' over food and nutrition security across the world, and it is among the factors that are making food inflation 'sticky', ITC chairman & managing director Sanjiv Puri said on Wednesday.
1 min
ADB lowers India growth estimate to 6.5% for FY25
THE ASIAN DEVELOPMENT Bank (ADB) on Wednesday lowered India's growth estimate to 6.5% from 7%, due to a deceleration of growth in the second quarter.
1 min
Jobs scheme may come on stream by early Jan
The government is likely to notify its flagship employment-linked incentive schemes (ELIs), introduced in the Budget, by early January, in order to boost job creation as well as manufacturing activity, an official source said.
1 min
Concern in govt: Pvt sector profit at 15-year high but salaries stagnant
From services to manufacturing, wages show marginal growth
4 mins
FMCG firms count on revival in urban demand by FY26
SLOWDOWN LIKELY TO PERSIST IN NEXT TWO QUARTERS
2 mins
Zepto to roll out separate app for Cafe offerings
QUICK COMMERCE PLATFORM
1 min
RPower arm bags 930 MW contract from SECI
RELIANCE NU SUNTECH, a subsidiary of Reliance Power, has bagged a 930 MW solar energy contract for battery energy storage system (BESS) project from Solar Energy Corporation of India (SECI) in an e-reverse auction held on December 9.
1 min
Short-video apps bounce back with new monetisation strategies
DOMESTIC SHORT VIDEO platforms are seeing a revival after the post-pandemic slump, driven by innovative monetisation strategies and hyper-local content.
2 mins
Adani opts out of US funding for Colombo Port project
ADANI GROUP HAS pulled out of a loan deal with a US agency to fund a port terminal in Sri Lanka, saying that it will use its own resources for the project.
1 min
Swiggy introduces invite-only premium membership
FOOD DELIVERY MAJOR Swiggy on Wednesday introduced an invite-only membership programme One BLCK, offering benefits like on-time delivery guarantee and complimentary cocktails, drinks or desserts for dining-out customers.
1 min
Toyota brings new Camry, looks to take on Audi, Merc
TOYOTA KIRLOSKAR MOTOR on Wednesday drove in the all-new Camry sedan priced ₹48 lakh, ex-showroom, making it a competitor to luxury cars like Mercedes-Benz C-Class (₹59.4 lakh), BMW 3 Series Gran Limousine (₹60.6 lakh), and Audi A4 (₹46.02 lakh).
1 min
GMR rolls out AI tool for airport ops
After Hyderabad, facility to be launched in Delhi
1 min
InMobi's Glance TV ties up with Airtel
INMOBI'S GLANCE, WHICH provides lockscreen content on mobile phones, has partnered with Bharti Airtel to extend the offering to television, specifically connected TVs (CTVs), the companies said on Wednesday.
1 min
Venture Catalysts looks to end FY25 by backing 40 startups
FOCUS ON CUTTING-EDGE SECTORS LIKE SPACE TECH, DEFENCE TECH, AI
1 min
Rupee to outperform emerging market peers in periods of dollar strength
Emerging market (EM) currencies with larger trade surpluses with the US could be more at risk once Donald Trump assumes office.
3 mins
RBI has huge responsibility to ensure growth: Governor
Central bank to ensure growth to continue, says Malhotra after assuming charge
2 mins
Bajaj Fin may face asset quality, credit cost challenges
SHARES OF BAJAJ Finance (BFL) gained 2.61% to close at ₹7,115.75 on the BSE on Wednesday, a day after the management shared an upbeat guidance and spoke about its long-range strategy (2025-2029) and artificial intelligence (AI) pivot during a meeting with analysts.
1 min
Xi readies bargaining chips for US trade war
PRESSURE ON YUAN HAS RISEN SINCE TRUMP'S VICTORY
2 mins
US inflation rises 2.7%, solidifies bets on Fed cut
US CONSUMER PRICES rose at a firm pace in November that was in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week.
1 min
Trump Vows to Speed Up Permits for Those Investing $1 Billion in US
President-elect Donald Trump said his administration would help expedite permits for any person or company that invested at least $1 billion in the U.S.
1 min
Biden mulls new Russia oil sanctions to weaken Putin
SANCTIONING MOSCOW'S TANKERS
1 min
Building LLMs: a strategic necessity
TO ENSURE LONG-TERM RESILIENCE, IT IS IMPORTANT FOR INDIA TO TRAIN ITS OWN LLMs
3 mins
Whither universal health coverage in India?
India's Universal Health Coverage policy should focus on the reduction of inequalities in our core health outcomes
3 mins
From TikTok to Nvidia, the tech war gets uglier
BYTEDANCE LTD.'S OPTIONS for TikTok in the US are looking increasingly desolate, as the tech war between Washington and Beijing boils over.
3 mins
Change course
The economy's capacity is constrained, Budget must unveil consumption booster and more
2 mins
Prioritising inclusion in social networking
@®Famm Connect acts as a LinkedIn for the LGBTQ+ community
2 mins
Early detection to prevent TB spread
AI-led solutions help screening for the disease
2 mins
Making digital work for women
UPI's ease of use allows them to expand business
2 mins
Sebi notifies tighter insider trading rules
RISK OF UNJUST ACCUSATIONS RISES
1 min
MFs, pension funds must be active in corp bond market: Setty
STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.
1 min
Rupee gains 2p to settle at 84.83
THE RUPEE GAINED 2 paise to close at 84.83 against the US dollar on Wednesday, a tad above its all-time low level, amid rising expectations of a shift in the Reserve Bank's monetary policy stance following the appointment of Sanjay Malhotra as the new governor.
1 min
Equirus Wealth crosses ₹10K cr in assets under management
Equirus Wealth on Wednesday said it has surpassed ₹10,000 crore in assets under management (AUM).
1 min
'India should stop playing footsie with everyone and say loudly that we are part of an open world'
A Tan Adda held in Mumbai, political analyst and CNN news host Fareed Zakaria spoke on what Trump's win means for the rest of the world, how his talk of increasing tariffs will play out, and why India is the most pro-American country in the world
4 mins
Pushpa 2 hits ₹1,000-crore milestone at global BO
ALLU ARJUN'S PUSHPA 2: The Rule has hit the milestone of ₹1,000 crore at the global box office in just six days, making it the fastest Indian film to register the feat.
1 min
EY case puts spotlight on white-collar labour laws
Decades-old laws largely focused on blue-collar workers
1 min
Why international stars are pulling out of Hockey India League en masse
IN OCTOBER, WHEN the Hockey India League (HIL) player auctions were held, 96 international stars were snapped up by eight men and four women franchises. Now, with a fortnight left for the competition to begin, more than one-fourth of them have pulled out.
2 mins
US hotels welcome Indian tourists with chai, samosa
US HOTELS AND travel companies are aiming to tap a surge in Indian tourists to boost revenue as domestic leisure spending falters and demand from East Asian countries remains below pre-pandemic levels.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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