Financial Express Pune - December 16, 2024
Financial Express Pune - December 16, 2024
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 Pune
1 Year$356.40 $10.99
Buy this issue $0.99
In this issue
December 16, 2024
VCs double returns from public market exits to $4 billion
RIDING THE IPO BOOM
1 min
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
Group insolvency rules likely part of Bill to amend IBC
● Need to address stressed asset interlinkages: Experts
2 mins
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
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
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
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
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
Traveltech startups taking to acquisitions to drive growth
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
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 sqft with total sales value of ₹52,114 crore by March 2025.
1 min
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
Myntra's in vogue with M-Now
QUICK COMMERCE WILL HELP THE PLATFORM ADD CONSUMERS
4 mins
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
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
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
IIHL to wrap up RCap deal by Jan 2025, say Hindujas
An additional amount by way of debt of ₹3,000 crore has already been raised and kept in a separate account, pending closure of certain activities.
1 min
Dixon, Vivo India tie up to make smartphones
● JV unit will handle part of India's orders
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
Sebi eases listing & disclosure rules for public companies
SLEW OF AMENDMENTS
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
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
Uniqlo takes a contra bet in fashion
● Japanese retailer stays clear of path taken by Zara, H&M
3 mins
A car fest along the lines of IBW
Will be held on Feb 22-23 in Aamby Valley, Lonavala
1 min
From a rollercoaster ride to the calmness of the ocean
TRAVELLING WITH A CXO: TAKUYA TSUMURA
3 mins
AFTER HOURS
I make sure people and businesses get the skills they need to succeed.
1 min
The race isn't over yet
● Can the new Dzire and Amaze rev up a slowing market?
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
The Securities and Exchange Board of India (Sebi) released a consultation paper on November 9, 2024, proposing revisions to the definition of Unpublished Price Sensitive Information (UPSI) under the SEBI (Prohibition of Insider Trading) Regulations, 2015 (\"PIT Regulations\").
4 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
AFTER HOURS
I make sure people and businesses get the skills they need to succeed.
1 min
From a rollercoaster ride to the calmness of the ocean
TRAVELLING WITH A CXO: TAKUYA TSUMURA
3 mins
Uniqlo takes a contra bet in fashion
● Japanese retailer stays clear of path taken by Zara, H&M
3 mins
A car fest along the lines of IBW
Will be held on Feb 22-23 in Aamby Valley, Lonavala
1 min
The race isn't over yet
● Can the new Dzire and Amaze rev up a slowing market?
2 mins
'We use technology as a force for good'
IBM VICE-PRESIDENT & CHIEF IMPACT OFFICER
3 mins
Pricey, but a good choice for content creators
● It takes photos and videos that rival digital cameras
2 mins
Wireless audio for your music, movies and games
These earbuds offer a snug fit and strong battery
2 mins
Bridging language divide in Gen AI
● LLMs enable multi-language communication
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
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
Delhi Assembly polls: Kejriwal to contest from New Delhi
● AAP releases 4th list of candidates for elections
2 mins
Do not criticise EVMs when results not in favour: Omar
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
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
Raj Kapoor's anniversary celebrated in Pakistan
PAKISTANI CULTURAL ENTHUSIASTS and film lovers gathered at the iconic Kapoor House in Peshawar on Saturday to celebrate the 100th birth anniversary of legendary Bollywood filmmaker and actor Raj Kapoor.
1 min
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
Decoding the rise of Tollywood in North India
SOUTH RULES THE ROOST
3 mins
Financial Express Pune 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
