Financial Express Mumbai - December 16, 2024
Financial Express Mumbai - December 16, 2024
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In this issue
December 16, 2024
Traveltech road map: Acquire to grow
TRAVELTECH STARTUPS SUCH as Oyo, ixigo, and EaseMyTrip are driving growth through a surge in acquisitions, targeted market expansion, customer reach, and enhanced capabilities amid the post-pandemic travel boom, reports S Shanthi.
1 min
VCs double returns from public market exits to $4 billion
44 DEALS IN 2024, UP FROM 32 IN 2022 & 13 IN 2021
1 min
Hinduja: IIHL to wrap up RCap deal by January
INDUSIND INTERNATIONAL HOLDINGS Limited (IIHL) aims to complete the acquisition of Reliance Capital (RCap) by January 2025.
2 mins
Dark store tech startups see a glimmer of profit
● Capital-efficient infra & AI leverage delivering results
2 mins
Capacity utilisation by steel companies falls to a four-year low
● Demand for higher import tariffs shows cost disadvantage
4 mins
India gained from the last Trump tariff war: Study
THE PREVIOUS DONALD Trump administration's tariff war with China created new winners in US markets.
1 min
Crude import bill up 5% in Apr-Nov
INDIA'S CRUDE IMPORT bill increased 4.9% during the first eight months of the current fiscal 2024-25 to $91.7 billion against $87.4 billion in the same period in FY24, data from the Petroleum Planning and Analysis Cell showed.
1 min
Full Budget funding for NHAI may continue for a decade
TO MAINTAIN TRANSPARENCY and sustainability, the Centre will likely continue to shoulder the massive capital expenditure requirements of the state-run infrastructure builder-the National Highways Authority of India (NHAI)-for the next decade or so, until it becomes self-sufficient through adequate toll revenue generation.
2 mins
Group insolvency rules likely part of Bill to amend IBC
● Need to address stressed asset interlinkages: Experts PRIYANSH VERMA
2 mins
Open global trade only way to feed world: WTO
GLOBAL POVERTY WILL increase if the world doesn't work to maintain a stable and open trading system, World Trade Organisation (WTO) director general Ngozi Okonjo-Iweala said.
1 min
ABC to pay $15 mn to settle defamation suit by Trump
ABC NEWS IS set to pay $15 million to settle a defamation lawsuit brought by Donald Trump.
1 min
S Korea's acting prez calms markets, reassures allies
SOUTH KOREA'S ACTING president, Han Duck-soo, moved on Sunday to reassure the country's allies and calm financial markets a day after President Yoon Suk Yeol was impeached and suspended from his duties over a martial law attempt.
1 min
Cyclone Chido slams Mayotte, at least 11 dead
AT LEAST 11 people have died after Cyclone Chido caused devastating damage in the French territory of Mayotte in the Indian Ocean, France's interior ministry said Sunday.
1 min
Airlines' need to diversify their revenues hit by slim margins: IATA's Thomsen
AIRLINES ARE PRICE takers as they do not have an influence on the prices they pay, IATA chief economist Marie Owens Thomsen has said, adding that the need to diversify revenues is complicated by slim profit margins and weak balance sheets.
1 min
Confident of meeting sales guidance for FY25'
Bengaluru-based Prestige Estates Projects plans to launch multiple projects in Bengaluru, Hyderabad, Mumbai, among others, comprising a total area of 53 million sq ft with total sales value of ₹52,114 crore by March 2025.
1 min
Traveltech startups taking to acquisitions to drive growth
TRAVELTECH STARTUPS LIKE Oyo, ixigo, EaseMyTrip are driving growth through a surge in acquisitions, targeting market expansion, customer reach and enhanced capabilities, given the post-pandemic travel boom.
1 min
Myntra's in vogue with M-Now
QUICK COMMERCE WILL HELP THE PLATFORM ADD CONSUMERS
4 mins
Jet's liquidation may take off with auctioned planes
AFTER A DELAY of more than two years, three Boeing 777s, formerly owned by Jet Airways and lying at the Mumbai airport, may finally be transferred to Malta-based Challenge Group.
2 mins
Dixon, Vivo India tie up to make smartphones
● JV unit will handle part of India's orders
1 min
Nissan's India turnaround plans intact
JAPANESE AUTO MAJOR Nissan's plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official.
1 min
Dark store tech startups see a glimmer of profit
WAREIQ supports more than 400 brands, including Technosport and Lotus Herbals, with same-day and next-day delivery via shared warehouses.
1 min
Pharma, FMCG, oil and gas lead hiring for AI/ML roles
PHARMACEUTICALS, FMCG, and oil and gas were among the top hirers for niche profiles like artificial intelligence/machine learning (AI/ML), cybersecurity, cloud computing, data science and big data analytics and blockchain in 2024.
2 mins
RBI intervention ensures rupee stability
THE RUPEE HIT new lows in CY24 but outperformed most Asian currencies, thanks to timely interventions by the Reserve Bank of India (RBI).
2 mins
India Inc raises record ₹1.21 L-Cr via QIPs till Nov
FUNDRAISING THROUGH QUALIFIED institutional placements (QIPs) reached an all-time high in 2024, surpassing the ₹1 lakh crore-mark for the first time ever in a calendar year, fuelled by strong stock market conditions and higher valuations.
1 min
Nifty breaks out, set to soar higher
FRIDAY THE 13TH turned out to be an eventful day for the Nifty. It initially plunged 368 points during late morning trade but rebounded strongly to close with a gain of 220 points, or 0.89%.
2 mins
Sebi eases listing & disclosure rules for public companies
THE SECURITIES AND Exchange Board of India (Sebi) has notified a slew of amendments aimed at easing the listing obligations and disclosure requirements for public companies, effective from December 12.
1 min
'B-school admission depends on IQ, soft skills'
Even as the Indian School of Business (ISB) has started taking freshers - it previously used to have programmes only for working professionals - the role of admissions consulting organisations such as ISB Mantra won't change.
2 mins
NPS: Annuity plan without return of purchase price maximises payout
● Go for joint life plan if you have dependent spouse
2 mins
Claim denied? You may be at fault too
● Withholding crucial details can lead to rejections
2 mins
How will we assess the PARAKH
Only if it can integrate assessment standards of India's 69 school boards
2 mins
Saudi-backed LIV Golf forcing PGA to pay players fairly
FOR NEARLY FOUR years, the world's two most prominent professional golf tours battled over players, the moral high ground and outright survival. Now, the feud appears to be ending.
3 mins
Slow-moving zero
Sebi needs to hasten slowly on T+0 as stakeholders are yet to be convinced
2 mins
Rationalised GST rates key for jobs and growth
While reforming GST, the Centre should remember that rate changes must boost public revenue while enabling businesses to invest and create jobs
3 mins
Defining UPSI
SEBI'S PROPOSED CHANGES TO DEFINITIONS OF PRICE-SENSITIVE INFORMATION HAS MERITS AND DEMERITS
4 mins
Uniqlo takes a contra bet in fashion
● Japanese retailer stays clear of path taken by Zara, H&M
3 mins
From a rollercoaster ride to the calmness of the ocean
TRAVELLING WITH A CXO: TAKUYA TSUMURA
2 mins
A car fest along the lines of IBW
•Will be held on Feb 22-23 in Aamby Valley, Lonavala
1 min
Bridging language divide in Gen AI
● LLMs enable multi-language communication
2 mins
'We use technology as a force for good'
As IBM's first chief impact officer, Justina Nixon-Saintil drives the company's strategic alignment with business goals and ESG considerations.
3 mins
Wireless audio for your music, movies and games
These earbuds offer a snug fit and strong battery
2 mins
Pricey, but a good choice for content creators
● It takes photos and videos that rival digital cameras
2 mins
Delhi govt plans to set up AI labs in schools
THE DELHI GOVERNMENT has announced plans to set up Artificial Intelligence (AI) Labs in select schools under its jurisdiction to foster advanced technological learning and innovation among students.
1 min
Delhi Assembly polls: Kejriwal to contest from New Delhi
AAP releases 4th list of candidates for elections
2 mins
39 ministers join Fadnavis government
THE MUCH-AWAITED CABINET expansion of the Devendra Fadnavis-led government in Maharashtra took place on Sunday with 39 ministers taking oath at a function in Nagpur.
1 min
Do not criticise EVMs when results not in favour: Omar
OPENING ANOTHER POINT of friction with an important ally, Jammu and Kashmir Chief Minister Omar Abdullah has dismissed the Congress party's vehement objection to Electronic Voting Machines, and echoed the BJP's defence — you can't accept election results when you win, and blame EVMs when you lose.
1 min
Decoding the rise of Tollywood in North India
SOUTH RULES THE ROOST
3 mins
Tabla maestro Zakir Hussain critical after heart ailment
TABLA MAESTRO ZAKIR Hussain has been admitted to the ICU of a San Francisco hospital with heart-related problems, his friend and flautist Rakesh Chaurasia said on Sunday.
1 min
Can't tax upper middle class more, says Piketty
Describing India's decision to impose a wealth tax way back in 1957 as trying \"to do too much too fast,\" French economist Thomas Piketty, regarded most for his passionate advocacy of taxing the wealth of billionaires to reduce inequalities, says there's no way the government can increase tax on the upper middle class and middle Indian entrepreneurs unless it demonstrates people at the top pay a higher tax rate.
2 mins
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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