![Financial Express Mumbai - February 13, 2025 Financial Express Mumbai Cover - February 13, 2025 Edition](https://files.magzter.com/resize/magazine/1583838721/1738009851/view/1.jpg)
![Gold Icon](/static/images/goldicons/gold-sm.png)
Financial Express Mumbai - January 28, 2025![Add to My Favorites Add to Favorites](/static/icons/filled.svg)
![](/static/icons/sharenew.svg)
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
Subscribe only to Financial Express Mumbai
1 Year$356.40 $10.99
Buy this issue $0.99
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 China's AI startup to face India test](https://reseuro.magzter.com/100x125/articles/21219/1974928/rlEaWSOAXrwArLuaPVbsys/CHINAS-AI-STARTUP-TO-FACE-INDIA-TEST.jpg)
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 Markets see deep cuts over DeepSeek](https://reseuro.magzter.com/100x125/articles/21219/1974928/pIbql0EPWue8jHNTWSFsys/MARKETS-SEE-DEEP-CUTS-OVER-DEEPSEEK.jpg)
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 Modi to Open Odisha Investment Meet Today](https://reseuro.magzter.com/100x125/articles/21219/1974928/UJEdv02vtEXBXM9L4NGsys/MODI-TO-OPEN-ODISHA-INVESTMENT-MEET-TODAY.jpg)
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 Projects worth ₹10L cr unveiled at UP investor meet on track: Minister](https://reseuro.magzter.com/100x125/articles/21219/1974928/O8XAif1ljexje5XPUo2sys/PROJECTS-WORTH-10L-CR-UNVEILED-AT-UP-INVESTOR-MEET-ON-TRACK-MINISTER.jpg)
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 Scheme to bear transportation cost of farm produce under discussion](https://reseuro.magzter.com/100x125/articles/21219/1974928/Qcig9ndJ1SVU4aSYQSQsys/SCHEME-TO-BEAR-TRANSPORTATION-COST-OF-FARM-PRODUCE-UNDER-DISCUSSION.jpg)
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 Upfront release of food subsidy helps cut FCI's PDS cost](https://reseuro.magzter.com/100x125/articles/21219/1974928/0FCMdX2jN3HGTjeQAvPsys/UPFRONT-RELEASE-OF-FOOD-SUBSIDY-HELPS-CUT-FCIS-PDS-COST.jpg)
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 Coffee Island enters India, set to redefine specialty coffee](https://reseuro.magzter.com/100x125/articles/21219/1974928/cDG2ezzDDDa4FYQZKBpsys/COFFEE-ISLAND-ENTERS-INDIA-SET-TO-REDEFINE-SPECIALTY-COFFEE.jpg)
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 JSW Group to Invest ₹2,600 Cr in Copper Mines, Plant in Jharkhand](https://reseuro.magzter.com/100x125/articles/21219/1974928/kJbjHspsHtBpJgxghAfsys/JSW-GROUP-TO-INVEST-2600-CR-IN-COPPER-MINES-PLANT-IN-JHARKHAND.jpg)
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 Applications Invited for Sebi Chief Post; Buch's Tenure Ends on February 28](https://reseuro.magzter.com/100x125/articles/21219/1974928/cKcDM9mS2rgYNs7AhXUsys/APPLICATIONS-INVITED-FOR-SEBI-CHIEF-POST-BUCHS-TENURE-ENDS-ON-FEBRUARY-28.jpg)
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 Concerns in capital account trend](https://reseuro.magzter.com/100x125/articles/21219/1974928/IjjQgScRAzoAeSmmwb9sys/CONCERNS-IN-CAPITAL-ACCOUNT-TREND.jpg)
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 Skip the hype, here's how AI 'agents' can really help](https://reseuro.magzter.com/100x125/articles/21219/1974928/D24qG5xZL1daAuRG7oqsys/SKIP-THE-HYPE-HERES-HOW-AI-AGENTS-CAN-REALLY-HELP.jpg)
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? What to expect from the Union Budget?](https://reseuro.magzter.com/100x125/articles/21219/1974928/54Q4DcDfOLg6KE8SA7hsys/WHAT-TO-EXPECT-FROM-THE-UNION-BUDGET.jpg)
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 Why Telcos Can't Afford to Serve Rural India](https://reseuro.magzter.com/100x125/articles/21219/1974928/Va6VSoFyek31SS7h9ghsys/WHY-TELCOS-CANT-AFFORD-TO-SERVE-RURAL-INDIA.jpg)
3 mins
Godrej Consumer Products: Strong volume growth
To gain mkt share in home insecticides and emerging segments
![Godrej Consumer Products: Strong volume growth Godrej Consumer Products: Strong volume growth](https://reseuro.magzter.com/100x125/articles/21219/1974928/oUfA7uMQ0pIT2eU6c9usys/GODREJ-CONSUMER-PRODUCTS-STRONG-VOLUME-GROWTH.jpg)
1 min
Another steady quarter from ICICI Bank
Unsecured retail portfolio to grow in near-to-medium term
![Another steady quarter from ICICI Bank Another steady quarter from ICICI Bank](https://reseuro.magzter.com/100x125/articles/21219/1974928/9wCuf99FcvEJ7w0cjFKsys/ANOTHER-STEADY-QUARTER-FROM-ICICI-BANK.jpg)
2 mins
IndiGo Charts a Positive Outlook
The airline will add 2 new international destinations by FY25
![IndiGo Charts a Positive Outlook IndiGo Charts a Positive Outlook](https://reseuro.magzter.com/100x125/articles/21219/1974928/0lJS6WSsnp00OfSM5vjsys/INDIGO-CHARTS-A-POSITIVE-OUTLOOK.jpg)
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 Core income boosts Union Bank profit](https://reseuro.magzter.com/100x125/articles/21219/1974928/SSWjWPxnYeqF6asDvwosys/CORE-INCOME-BOOSTS-UNION-BANK-PROFIT.jpg)
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 Indian Media Giants Turn Up Copyright Heat on OpenAI](https://reseuro.magzter.com/100x125/articles/21219/1974928/EL5WAbjjwQgZZHqV8VDsys/INDIAN-MEDIA-GIANTS-TURN-UP-COPYRIGHT-HEAT-ON-OPENAI.jpg)
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 Indo-US ties mutually beneficial, trusted: PM](https://reseuro.magzter.com/100x125/articles/21219/1974928/Ay9f7VV1B1738021423079/INDOUS-TIES-MUTUALLY-BENEFICIAL-TRUSTED-PM.jpg)
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
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 Anytime [ No Commitments ]
Digital Only