Financial Express Lucknow - December 17, 2024
Financial Express Lucknow - December 17, 2024
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December 17, 2024
Construction of FCI godown 'nil' in FY25, House panel flays govt
A Parliamentary Panel on Monday pulled up the government for not meeting the godown construction target of the Food Corporation of India (FCI) in the four years till September 2024 and asked the nodal ministry to constitute a high-level committee to expedite the work in the North-East and hilly states.
1 min
WPI inflation eases to 1.89% in Nov as food prices soften
INFLATION BASED ON the wholesale price index (WPI) eased to a three-month low of 1.89% in November from 2.36% in October, thanks to a sharp fall in the prices of key food items such as vegetables and pulses, official data released on Monday showed.
1 min
Strong local demand drives flash PMI to 4-month high
ECONOMIC ACTIVITY EXPANDED at a robust pace in December, mainly due to an uptick in domestic demand conditions.
1 min
Drug recalls from US raise export concerns
THE RECENT DRUG recalls by US arms of Indian drugmakers have turned the spotlight back on quality issues faced by the domestic pharma companies in the lucrative export market.
1 min
Swiss tax action won't impact trade commitments: Official
THE DECISION OF Switzerland to suspend the most favoured nation clause in its Double Taxation Avoidance Agreement with India will not have any impact on the investment commitments under the Trade and Economic Partnership Agreement that the European Free Trade Association (EFTA) has signed, commerce secretary Sunil Barthwal said on Monday.
1 min
MSME concerns about steel duty will be looked into: Barthwal
The Directorate General of Trade Remedies (DGTR) has started an investigation into the complaints of dumping of steel in the domestic market and will also take into account the interests of the user industry before firming up its view, a senior official said on Monday.
1 min
Won't allow use of our territory against India's interests: Lanka
PRESIDENT DISSANAYAKE'S FIRST BILATERAL VISIT TO INDIA
2 mins
EV penetration slow as costs, lack of charging infra weigh
THE PENETRATION OF electric vehicles (EVs) in India is running significantly behind schedule, with most segments failing to reach even the 5% market share level.
1 min
â¹16K cr needed for charging infra by '30: Report
INDIA REQUIRES AN estimated capital expenditure of â¹16,000 crore to meet the increasing demand for public EV charging infrastructure and achieve its target of over 30% vehicle electrification by 2030, a Ficci report released on Monday said.
1 min
Lack of skills, data complexity hindering AI adoption in India
As Indian enterprises increasingly adopt artificial intelligence (AI), significant barriers such as a lack of expertise, insufficient tools, and data complexity remain. IBM India & South Asia managing director Sandip Patel talks to Jatin Grover about how small AI models are driving cost efficiency, IBM's role in chip design, and evolution of AI adoption in India. Excerpts:
3 mins
Adani, Ambani drop out of elite $100-billion club
HE'S BEEN FIGHTING to shore up investor confidence after short seller Hindenburg Research last year published a report accusing the firm of fraudulent practices.
2 mins
Blackstone emerges top bidder for Haldiram deal
A CONSORTIUM LED by Blackstone has emerged as the preferred bidder for a minority stake in Haldiram Snacks, sources following months of negotiations on a potential deal.
1 min
Dixon's FY25 smartphone volumes may hit 30 mn
⢠Benefit of JV with Vivo to be seen in FY26, says firm
2 mins
79% firms may raise AI spending in 2025
AS MANY AS 79% of surveyed organisations are planning to increase their AI budgets in 2025, an increase of 41% from 2024, driven by confidence in its return on investment the technology is poised to bring, said cloud-based software-as-a-service company Freshworksâ AI Workplace Report.
1 min
2024 to end with record office space leasing: Report
INDIA'S OFFICE LEASING market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83-85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday.
1 min
Trade deficit widens to record high
THE UNIT PRICE of petroleum products exported from India fell to $627.16 per tonne in April-October this year from $800 per tonne in April-October 2023.
2 mins
Advance tax receipts rise 17% in Q3
DIRECT TAX COLLECTIONS have reached 71.5% of the annual target by December 15.
1 min
Despite CRR cut, call rates jump above MSF
TOUGH ROAD AHEAD
2 mins
RBI governor urges colleagues to strive for perfection
RBI GOVERNOR SANJAY Malhotra on Monday urged staff to aim for perfection in their duties, emphasising continuous improvement as the institution enters a new era.
1 min
'High reinsurance costs a bigger worry for life insurers'
Aditya Birla Sun Life Insurance (ABSLI), which ended FY24 with around â¹17,500 crore in gross written premiums (GWP), aims to double its business in the next three years. In a conversation with Kamlesh Rao, MD & CEO
1 min
The Swiss confusion
Constantly varying interpretations of treaty provisions can potentially dent India's image
2 mins
Upgrade cross-border payments
With India being the world's largest recipient of remittances since 2022, the urgency to modernise its payment systems has never been greater
3 mins
Urban growth takes a toll
TOLLING IN WHAT HAVE BECOME ARTERIAL ROADS IN CITIES GETS A PUSHBACK FROM CITIZENS
3 mins
Dabur to leverage new launches
Plans to acquire new customers, boost order frequency
1 min
Long-term outlook positive for cement sector
CEMENT SPREADS INDICATE a slight improvement amid stable cement prices.
1 min
Pakistan cuts interest rates to lowest in over 2 years
PAKISTAN'S CENTRAL BANK cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June to revive a sluggish economy.
1 min
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