Financial Express Mumbai - January 04, 2025
Financial Express Mumbai - January 04, 2025
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In this issue
January 04, 2025
Draft rules tighten govt grip on data handling
Cross-border data flow at govt's discretion
2 mins
After buoyant start to 2025, reality check for indices
AFTER RISING 2.3% in the first two days of the calendar year, investors resorted to profit-booking on Friday, leading to a decline of up to 0.90% in the benchmark indices.
2 mins
Social security framework for gig workers by early FY26
THE GOVERNMENT IS likely to introduce a framework to provide social security coverage to gig and platform workers in the next four to five months, official sources said.
2 mins
Rupee fall drives forward premium rates past March 2022 high
WITH THE RUPEE touching yet another low of 85.81 a dollar, before settling at 85.78 on Thursday, forward premium rates have increased to multi-year highs.
2 mins
HUL nears deal to buy D2C brand Minimalist for 3k cr
Profitable since FY21,beauty startup outlier in the space
1 min
Poverty below 5%, urban-rural gap reducing: SBI Research
Sharp Decline In Rural Numbers
2 mins
Import of Oil from Russia falls 13% in Dec
INDIA'S IMPORT OF Russian crude oil declined by 13.2% to 1.39 million barrels per day in December against 1.61 million barrels per day in November, data from Vortexa showed.
3 mins
CPSE dividend receipts at 86% of FY25 target
Dividends likely to exceed the Budget target by a decent margin
1 min
India looking for deep ties with Trump govt: Goyal
GOODS AND SERVICES EXPORTS TO CROSS $800 BN THIS FISCAL: MINISTER
1 min
Govt open to make it easier for startups to return to India
THE GOVERNMENT IS open to ideas to make it easier for startups that have migrated overseas to return, commerce and industry minister Piyush Goyal said on Friday.
1 min
EVs don't need additional subsidies
Industry demands infrastructure status for battery charging facilities
2 mins
Major infra, slum redevelopment plans for Mumbai North in 2025
UNION MINISTER PIYUSH Goyal has said slum redevelopment, and fast-tracking key projects like road and railway line extensions, are among the major initiatives planned this year to significantly transform the urban landscape of his Lok Sabha constituency.
1 min
Vande Bharat sleeper trains set for May launch
WITH SUCCESSFUL TRIALS of the Vande Bharat sleeper trains at a peak speed of 180 kmph, the railways is gearing up to upgrade its premium long-distance passenger services.
1 min
MSP Paddy Purchases Cross Last Year's Level
DESPITE A SLUGGISH commencement of procurement caused by storage crunch in Punjab, the government's paddy procurement for the 2024-25 season (October-September) has surpassed 48.3 million tonne (MT), slightly higher than last year.
1 min
Govt boosts gas supplies to CGD firms, stocks rise
AROUND 1.27 MMSCMD OF GAS HAS BEEN REALLOCATED
1 min
Zomato & Swiggy may continue ₹10 fee after festivities
Zomato and Swiggy are likely to continue charging customers the increased platform fee of ₹10 per order even after the festive season ends, sources aware of the matter told FE.
2 mins
GenAI Intensifies Pricing Pressure on IT Sector
The rapid adoption of generative AI (GenAI) is reshaping spending patterns in the IT services industry; however, this technological shift is intensifying pricing pressures for providers.
2 mins
Tata Elxsi joins Qualcomm for future mobility
TATA ELXSI PLANS to collaborate with Qualcomm Technologies to develop and leverage virtual models of Snapdragon Digital Chassis solutions for cloud-native application development.
1 min
Weak demand to keep revenue growth of FMCG firms muted
Analysts see slower volume growth from weak urban demand
2 mins
Zepto Sets Up New Entity to Shift to Marketplace Model
Zepto has set up a new entity, Zepto Marketplace, to rejig its operations from a B2B model to a marketplace model, according to people in the know.
1 min
India's smartphone market to hit $50-bn milestone in 2025
THE COUNTRY'S SMARTPHONE market is expected to cross $50 billion (₹4.3 lakh crore) in value in 2025, according to Counterpoint Research.
1 min
DigiLocker Glitch Sparks Backup Demand
THE DIGILOCKER OUTAGE, which disrupted e-KYC processes for fintech firms, brokers, and other businesses, has led to calls from companies and tech experts to improve the resilience of digital public infrastructure (DPI) to avoid similar issues in the future.
1 min
The rise and fall of Dunzo's Kabeer Biswas
Though the company's FY24 financials are not available, internal sources suggest Dunzo now operates with 40,000 daily orders and 50 employees
4 mins
After quitting as Easy Trip CEO, Pitti says no further stake sale
NISHANT PITTI, who stepped down as the CEO of Easy Trip Planners on January 1, has said that he will not be selling any more stake in the company.
1 min
Papa John's plans India re-entry after delays
Papa John's International plans to make its return to the Indian market in 2025, a year later than planned, while many Western brands rethink their plans as inflation hits consumer spending.
1 min
Forex reserves drop to eight-month low
INDIA'S FOREIGN EXCHANGE reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of December 27, data from the Reserve Bank of India showed on Friday.
1 min
JM Fin gets Sebi warning over lapses; stock falls
The Securities and Exchange Board of India (Sebi) has issued JM Financial an administrative warning over regulatory non-compliance during the initial public offering (IPO) of its client, Western Carrier (India).
1 min
Weakening Rupee Will Benefit Export-Oriented Firms: Mobius
WHILE A WEAKENING rupee is a dampener for foreign investment inflows into India, export-oriented companies could benefit from the fall in the local currency, as they become more competitive against China, Mark Mobius, chairman of Mobius Emerging Opportunities Fund, said on Friday.
1 min
Bajaj Housing Finance stock may drop 21%: Kotak report
Initiates coverage with 'sell' rating; target price at ₹100
1 min
Unlisted shares on a high with rising investor interest
WITH INTEREST IN the unlisted space growing, several smaller firms are deploying innovative ways to tap small investors.
2 mins
Kotak Bank's Nagnur Steps Down as COO, CTO
KOTAK MAHINDRA BANK'S chief operating officer (COO) and chief technology officer (CTO) Milind Nagnur has stepped down due to personal reasons, the bank said in an exchange filing on Friday.
1 min
Banks Post Strong Growth in Advances, Deposits in Q3
STARTING THE NEW year on a positive note, Bank of Baroda, Bank of India, Yes Bank, and IDFC First Bank reported strong growth in advances and deposits in Q3.
2 mins
US car sales get boost
SOUTH KOREA'S HYUNDAI Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% to 7.39 million vehicles in 2025, after reporting a dip in 2024 sales and missing their targets.
1 min
Mercedes, Toyota Building Super-Hybrids
THE MERCEDES GLC 350e offers four zones of climate control and its headlights project icons onto the pavement—such as a pedestrian—to warn of coming hazards.
1 min
Boeing Still Needs Culture Change: FAA
A year after a panel blew out of a Boeing 737 Max during flight, the nation's top aviation regulator says the company needs \"a fundamental cultural shift\" to put safety and quality above profits.
1 min
Biden blocks US Steel takeover bid by Nippon
PRESIDENT JOE BIDEN has blocked the $14.1-billion sale of United States Steel to Nippon Steel, killing a high-profile deal that sparked a political firestorm and tensions between the US and Japan.
1 min
China's central bank likely to cut rates this year
POLITBURO LAST MONTH EASED THE NATION'S MONETARY POLICY STANCE FOR THE FIRST TIME IN 14 YEARS
1 min
A $24-billion fund puts its religious stamp on corporate America
JIM LAKE, a devout Christian in Washington state, said his religious beliefs have always made him opposed to practices such as abortion, transgender transitions, or embryonic stem cell research. But until this past year, it didn't cross the retiree's mind that he could put his money to work with his faith.
2 mins
Why Mark Zuckerberg No Longer Needs Nick Clegg
DURING THE 2010 UK election campaign, Nick Clegg, the leader of the Liberal Democrats, demonstrated the qualities his future boss, Mark Zuckerberg, would later need desperately.
3 mins
Electric hype, hidden costs
INDIA MUST EMBRACE A BROADER, MORE INCLUSIVE VISION OF CLEAN MOBILITY
4 mins
Trump and crypto flip-flops
Regulators must hold their ground, resisting the call of deregulation and ensuring crypto's integration into the financial system is guided by prudence, not populism
3 mins
Preparing for Trump 2.0
India needs a proper strategy to respond to the US President-elect's threats on tariffs
2 mins
Accelerating adoption of zero-emission trucking
LESSONS FROM COP29 AND STRATEGIES FOR INDIA
2 mins
A new route from Delhi to Chandigarh
DELHI TO Chandigarh is a painful road trip, isn't it, with its unending traffic jams and construction at Kundli, Panipat and Ambala?
1 min
Keep equities at 60%, fixed income at 40%
Stick to SIPs, STPs to avoid market timing risks
2 mins
Claim HRA, home loan relief if working in different cities
I stay on rent and have purchased a flat in my home town. Can I claim both HRA and tax deduction on the interest paid for the home loan?
1 min
Creta EV to run into strong rivals at launch
It's Hyundai's third electric car after Kona EV and Ioniq 5
1 min
Gold prices flat at ₹79,700
GOLD PRICES TRADED almost flat at ₹79,700 per 10 g in the national capital on Friday, according to the All India Sarafa Association.
1 min
Banks cut down on short-term bonds
EYE LONGER DURATION ON RATE CUT HOPES
2 mins
Farm protests: Punjab seeks Chouhan's help
THE AAP-LED Punjab government has knocked on the Centre's doors, seeking Union agriculture minister Shivraj Singh Chouhan's help to end the impasse over the ongoing farmers' protest at the Punjab-Haryana border.
1 min
India Raises Dam Plan With China
Urges China to ensure interests of downstream states
2 mins
More flights to Thailand and Malaysia as visa-free entry spurs Indian traffic
IN THE AUTUMN of 2023, Thailand and Malaysia extended visa-free entry to Indian nationals in the hope of attracting tourists from the country at a time when they were travelling overseas like never before.
1 min
PM targets Kejriwal: I built homes, not Sheesh Mahal
OPENING THE BJP's campaign in Delhi for the Assembly elections likely next month, Prime Minister Narendra Modi Friday targeted Arvind Kejriwal, chief of the ruling AAP, saying he could have built a \"Sheesh Mahal\" for himself but chose to give people, especially the poor, a home of their own.
1 min
Unclaimed insurance amount over ₹20k cr: Irdai
THE LIFE INSURANCE sector has reported unclaimed amounts totalling ₹20,062 crore as of March 2024, according to the Insurance Regulatory and Development Authority of India (Irdai).
1 min
US H-1B visa debate intensifies ahead of Trump's inauguration
THREE WEEKS AHEAD of Trump's inauguration on January 20, the debate on foreign guest workers visas for highly skilled professionals, the H-1B, has intensified which has literally created divisions in both the Democratic and the Republican parties.
3 mins
Over 400 flights delayed at IGI due to bad weather
More than 400 flights were delayed at the airport in the national capital on Friday morning as low visibility conditions due to dense fog disrupted operations, according to an official.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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