TryGOLD- Free

Financial Express Mumbai  Cover - February 13, 2025 Edition
Gold Icon

Financial Express Mumbai - January 28, 2025Add to Favorites

Go Unlimited with Magzter GOLD

Read {{magName}} along with {{magCount}}+ other magazines & newspapers with just one subscription  View catalog

1 Month $9.99

1 Year$99.99 $49.99

$4/month

Save 50%
Hurry, Offer Ends in 16 Days
(OR)

Subscribe only to Financial Express Mumbai

1 Year$356.40 $10.99

Buy this issue $0.99

Gift Financial Express Mumbai

7-Day No Questions Asked Refund7-Day No Questions
Asked Refund Policy

 ⓘ

Digital Subscription.Instant Access.

Digital Subscription
Instant Access

Verified Secure Payment

Verified Secure
Payment

In this issue

January 28, 2025

UltraTech in talks to buy Heidelberg

ULTRATECH CEMENT, the country's largest cement producer by capacity, is in advanced talks to acquire HeidelbergCement India, Moneycontrol reported on Monday, citing sources familiar with the matter.

1 min

China's AI startup to face India test

Domestic firms may give DeepSeek a skip on trusted source implications

China's AI startup to face India test

2 mins

Markets see deep cuts over DeepSeek

FOREIGN INSTITUTIONAL INVESTORS (FIIs) continued to exit stocks on Monday with net sales of over ₹5,000 crore, pushing the Nifty to close below 23,000 points for the first time in over seven months.

Markets see deep cuts over DeepSeek

1 min

Nine ailing CPSEs headed for closure

Cabinet note with the PMO

2 mins

RBI steps in to inject liquidity

The Reserve Bank of India (RBI) announced a slew of measures on Monday to address the liquidity deficit, which hit a decade high last week.

2 mins

Goyal Discusses Advancing FTA Negotiations With Oman

TRADE MINISTERS OF India and Oman on Monday reviewed the progress of a proposed trade agreement between the two countries and focused on advancing the negotiations for the pact.

1 min

Modi to Open Odisha Investment Meet Today

PRIME MINISTER NARENDRA MODI will open the two-day \"Utkarsh Odisha - Make in Odisha Conclave 2025\" in the state's capital Bhubaneswar on Tuesday.

Modi to Open Odisha Investment Meet Today

1 min

Govt puts privatisation plans of 9 state-run firms on hold

THE GOVERNMENT IS pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government sources and a document reviewed by Reuters.

1 min

Projects worth ₹10L cr unveiled at UP investor meet on track: Minister

OF THE ₹33.5-LAKH-CRORE investments committed at the Uttar Pradesh Global Investors Summit in February 2023, the work on proposals worth ₹10 lakh crore has already begun, the state's industry minister said.

Projects worth ₹10L cr unveiled at UP investor meet on track: Minister

2 mins

Gross tax revenue growth to be pegged at 10.5-11%

GROWTH FIGURE FOR APRIL-NOVEMBER STOOD AT 10.7%

2 mins

Scheme to bear transportation cost of farm produce under discussion

The Centre is in talks with states to develop a scheme to finance or reimburse the cost of transportation of agricultural commodities from producing regions to consumption points for the benefit of farmers as well as consumers, Union agriculture minister Shivraj Singh Chouhan said on Monday.

Scheme to bear transportation cost of farm produce under discussion

1 min

Upfront release of food subsidy helps cut FCI's PDS cost

Corporation not to take short-term loans this fiscal

Upfront release of food subsidy helps cut FCI's PDS cost

1 min

Lower gas allocation dents IGL Q3 profit

Indraprastha Gas on Monday reported a fall of 31.5% in its consolidated net profit for the third quarter of the current financial year at ₹325.42 crore against ₹475.45 crore in the same period of FY24.

1 min

Waqf panel clears NDA MPs' 14 amendments

FROM RELAXING THE six-month window to register Waqf properties on a portal; replacing the district collector with a state official to be the arbiter on whether a property is Waqf property or government land; to having one member in the Waqf tribunal with \"knowledge of Muslim law and jurisprudence\" — the Joint Committee of Parliament (JCP) examining the Waqf (Amendment) Bill, 2024, has approved key changes to the proposed legislation.

1 min

Coal India registers 17.5% dip in profit at ₹8,491 crore

The company's off-take of coal also increased by 2% to 560.62 MT from 551.88 MT during the same period of FY24

1 min

Indian Oil's Q3 net profit slumps 77%

Under-recovery on LPG sales hits revenue growth

1 min

Tata Steel Q3 profit drops 43% to ₹295 cr

TATA STEEL on Monday reported a 43.4% decline in consolidated net profit to ₹295.49 crore for the quarter ended on December 31, 2024, due to lower income.

1 min

TCS skips BSNL 5G tender; Tejas, two local players only bidders

TATA CONSULTANCY SERVICES (TCS), which is deploying BSNL 4G sites, has skipped the state-owned telecom operator's tender to launch 5G services in Delhi. BSNL has received bids from three companies - Tejas Networks, Lekha Wireless and Galore Network - to roll out indigenous 5G in standalone (SA) architecture across 1,876 sites in Delhi, sources said.

2 mins

Lodha brothers feud: Bombay HC proposes mediation route

The court said since the matter is between the two brothers, efforts should be made to resolve the dispute mutually

1 min

Coffee Island enters India, set to redefine specialty coffee

EUROPEAN COFFEE CHAIN Coffee Island, in partnership with Vita Nova Group, on Monday entered the Indian market, by opening its first outlet at HQ27 in Gurugram. It aims to introduce a distinctive European coffee culture to a burgeoning specialty coffee segment.

Coffee Island enters India, set to redefine specialty coffee

1 min

Sridhar Vembu steps down as Zoho CEO, assumes chief scientist role

ZOHO CORP FOUNDER Sridhar Vembu on Monday announced his decision to step down as CEO, bringing an end to nearly three decades at the helm of the business software giant he built into a multibillion-dollar enterprise.

2 mins

JSW Group to Invest ₹2,600 Cr in Copper Mines, Plant in Jharkhand

THE JSW GROUP has secured the mine developer and operator (MDO) contract for two copper blocks in Jharkhand from Hindustan Copper Limited (HCL), marking its entry into non-ferrous mining.

JSW Group to Invest ₹2,600 Cr in Copper Mines, Plant in Jharkhand

1 min

Adani Wilmar Q3 profit more than doubles to ₹411 crore

ADANI WILMAR ON Monday posted over twofold jump in consolidated net profit at ₹410.93 crore for December quarter 2024-25 on strong edible oil sales.

1 min

With recent deals, JSW Energy looks to raise capacity targets

AFTER ITS RECENT acquisitions, JSW Energy plans to increase capacity targets and aims to achieve them earlier than planned, especially in the renewable energy (RE) segment.

2 mins

Swiggy, Zomato operationalise payments methods

NEW PAYMENT METHODS have been operationalised on the mobile applications of Swiggy and Zomato's Blinkit.

1 min

Juspay set to become first unicorn of 2025

On track to close $150-mn round

1 min

At ₹1 lakh round trip, airfares skyrocket for Maha Kumbh

Though the Directorate General of Civil Aviation (DGCA) urged airlines last week to rationalise fares on the Prayagraj route by adding more capacity, a look at spot airfares on the route throws up a contrasting picture.

2 mins

Amid EV push, Tata Motors looks at hydrogen and LNG options

AS THE NOISE around electric vehicles (EVs) refuses to abate despite sluggishness in demand, Tata Motors is strengthening capabilities in other fuel technologies in trucks and buses, which would help accelerate their adoption on a mass scale.

1 min

Federal Bank Q3 net profit declines 5%

FEDERAL BANK ON Monday reported a 5% year-on-year decline in its net profit for the third quarter at ₹955 crore, impacted by higher bad loan provisioning.

1 min

With ₹39-crore profit, Piramal Enterprises back in black

PIRAMAL ENTERPRISES on Monday reported a net profit of ₹39 crore for the third quarter ended December.

1 min

RBI Governor Flags Rise in Digital Frauds

RESERVE BANK OF India (RBI) governor Sanjay Malhotra on Monday flagged the rise in digital frauds and advised banks to establish robust and proactive systems to thwart such attempts.

1 min

Canara Bank Q3 net profit climbs 12%

NII DECLINES, NIM UNDER STRESS

1 min

BOI sitting pretty on ₹60K-cr corporate credit pipeline: MD

BANK OF INDIA has a corporate loan pipeline of ₹60,000 crore, said Rajneesh Karnatak, managing director and chief executive officer, in the post-earnings call.

1 min

Applications Invited for Sebi Chief Post; Buch's Tenure Ends on February 28

JUST A MONTH ahead of the completion of the tenure of the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch, the government on Monday invited applications to appoint a new chief.

Applications Invited for Sebi Chief Post; Buch's Tenure Ends on February 28

1 min

RBI's bond purchases bring yields to three-year lows

GOVERNMENT BOND YIELDS fell to a three-year low on Monday on rising hopes that the Reserve Bank of India (RBI) will continue to buy bonds from the market to infuse liquidity.

1 min

Concerns in capital account trend

MONETARY POLICY INDEPENDENCE WILL BE TESTED

Concerns in capital account trend

4 mins

Skip the hype, here's how AI 'agents' can really help

SO-CALLED AGENTS ARE meant to be the next big thing in artificial intelligence this year.

Skip the hype, here's how AI 'agents' can really help

3 mins

What to expect from the Union Budget?

A lot is expected in terms of measures to push for growth in consumption and investment. On the other hand, a more detailed look at expenditure would be in order

What to expect from the Union Budget?

4 mins

Focus on smaller players

Budget should look at removing policies that end up breeding local monopolies

2 mins

Why Telcos Can't Afford to Serve Rural India

A decentralised solution with low capital expenditure for a smaller group of customers could be a possible business model

Why Telcos Can't Afford to Serve Rural India

3 mins

Godrej Consumer Products: Strong volume growth

To gain mkt share in home insecticides and emerging segments

Godrej Consumer Products: Strong volume growth

1 min

Another steady quarter from ICICI Bank

Unsecured retail portfolio to grow in near-to-medium term

Another steady quarter from ICICI Bank

2 mins

IndiGo Charts a Positive Outlook

The airline will add 2 new international destinations by FY25

IndiGo Charts a Positive Outlook

1 min

Pakistan Cuts Interest Rates by 100 bps

PAKISTAN CUT ITS benchmark interest rate to the lowest in almost three years as cooling inflation provides space for policymakers to bolster growth.

1 min

Musk says $1-mn poll giveaway not illegal lottery

ELON MUSK ASKED a federal judge to dismiss a proposed class action by voters who said the world's richest person defrauded them into signing a petition to support the U.S. Constitution for a chance to win his $1 million-a-day giveaway.

1 min

Nvidia's $465-bn rout is largest in market history

NVIDIA'S PLUNGE, FUELED by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market value from the world's largest company.

1 min

China's DeepSeek Leaps to Number One on App Store

DOMINO EFFECT: CHATBOT SPARKS MARKET TURMOIL FOR RIVALS

1 min

Credit cards more than doubled in 5 yrs: Report

The number of credit cards has more than doubled to around 108 million in five years through December 2019, but the number of debit cards has remained relatively stable, says a Reserve Bank report released on Monday.

1 min

Bajaj Housing Finance posts 25% rise in profit

BAJAJ HOUSING FINANCE on Monday reported a 25% year-on-year growth in its net profit to ₹548 crore for the December quarter, bolstered by a strong credit growth.

1 min

Core income boosts Union Bank profit

UNION BANK OF India on Monday reported a 28% increase in its net profit at ₹4,604 crore for the third quarter ended December 2024, helped by an improved core income.

Core income boosts Union Bank profit

1 min

Uttarakhand Becomes First State to Implement UCC

BJP-ruled Uttarakhand on Monday became the first state in independent India to implement the Uniform Civil Code, which promotes equal laws for every citizen across all religions and standardizes personal laws on marriage, divorce and property.

1 min

Indian Media Giants Turn Up Copyright Heat on OpenAI

UNDER SCRUTINY

Indian Media Giants Turn Up Copyright Heat on OpenAI

1 min

Indo-US ties mutually beneficial, trusted: PM

PRIME MINISTER NARENDRA Modi and US President Donald Trump on Monday held a phone conversation focusing on continuing the upward trajectory of IndiaUS ties.

Indo-US ties mutually beneficial, trusted: PM

1 min

Study of children with long Covid reveals 'distinct proteins' in blood

AN ANALYSIS OF blood samples of children and teenagers with long Covid has revealed a \"distinct protein signature in plasma\", which researchers say can help develop a blood test for diagnosis.

1 min

Read all stories from {{magazineName}}

Financial Express Mumbai Newspaper Description:

Publisher: The Indian Express Ltd.

Category: Newspaper

Language: English

Frequency: Daily

The Financial Express brings the latest and breaking business news from Markets and Industries in India.
The Financial Express is the best source of information on Business, Finance, Stock Markets, Equity market, Economy, companies and Industries.
Subascribe and stay updated with business & market latest news and analysis report of Financial Markets, Economy and Businesses.

  • cancel anytimeCancel Anytime [ No Commitments ]
  • digital onlyDigital Only

We use cookies to provide and improve our services. By using our site, you consent to cookies. Learn more