Financial Express Mumbai - January 07, 2025
Financial Express Mumbai - January 07, 2025
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January 07, 2025
Cutting-edge AI innovations to take centre stage at CES 2025
Top global companies to showcase advancements in mobility, digital health and sustainability
1 min
Q-comm to drive 60% jump in gig worker hiring in 2025
INDIA'S GIG ECONOMY is poised for a major leap in 2025, with the hiring of workers in the quick commerce sector projected to rise by an unprecedented 60% compared to 2024, according to industry experts.
2 mins
Banks, NBFCs see hit to cross-selling
WEIGHED DOWN BY the draft rules under the Digital Personal Data Protection (DPDP) Act, released on Friday, financial sector entities are hoping the final norms will provide them some relief from a potential hit to their cross-selling capabilities.
1 min
5 Infants Test Positive for HMPV in Gujarat, Karnataka, TN
FIVE INFANTS TESTED positive for the Human Metapneumovirus (HMPV) in Karnataka, Tamil Nadu, and Gujarat on Monday, the first reported cases of the virus in India.
1 min
Gujarat, Bihar to rejoin Fasal Bima
The Pradhan Mantri Fasal Bima Yojana (PMFBY), the heavily subsidised crop insurance scheme, is gaining traction among the states that have either remained reluctant to roll it out, or quit briefly after joining, citing the costs to the exchequer.
2 mins
Consent manager framework a key Big Tech concern
MAJOR TECHNOLOGY FIRMS, including Google, Amazon, Meta and Apple, plan to engage with the ministry of electronics and IT (MeitY) over concerns regarding the consent manager framework and a proposed government-appointed committee overseeing cross-border data transfers.
2 mins
Virus Injects Fear into D-St
Investors poorer by ₹11 lakh crore
2 mins
Realty sector seeks higher tax benefit on home loans
THE REAL ESTATE sector has requested the government to pay greater attention to the expansion of rental housing and provide higher tax benefit on home loans, in a pre-Budget consultation with the finance minister on Monday.
1 min
Don't hire illegal Bangladeshi migrants as cheap labour, says Assam CM
INDUSTRIALISTS HAVE TO look beyond \"cheap labour\", and perform a \"national duty\" by not giving any jobs to illegal Bangladeshi migrants, Assam chief minister Himanta Biswa Sarma said on Monday.
1 min
Investments by central agencies & CPSEs decline 10% in Apr-Nov
INVESTMENTS BY CENTRAL government agencies and central public sector enterprises (CPSEs) fell 10% on year to ₹4.41 lakh crore in April-November of the current financial year as the railways and the National Highways Authority of India (NHAI) were yet to regain the capex pace after election-induced slowdown.
1 min
IIFCL Should Lend ₹1 Lakh Crore in 3 Years: Nagaraju
INDIA INFRASTRUCTURE FINANCE Company (IIFCL) may set an ambitious goal of extending loans of ₹1 lakh crore to the infrastructure sector in the next three years, financial services secretary M Nagaraju said on Monday.
1 min
PM Inaugurates Railway Projects in J&K, Odisha
PRIME MINISTER NARENDRA Modi on Monday inaugurated virtually a slew of railway projects, including the Jammu railway division, the Charla-palli terminal station in Telangana, besides laying the foundation for the Rayagada railway division building in Odisha under the East Coast Railway.
1 min
Roll out wage & social security codes: Unions
TRADE UNIONS HAVE urged the finance ministry to increase the minimum pension under Employees' Provident Fund Organisation (EPFO) by five times to ₹5,000 per month, constitute the 8th Pay Commission on an immediate basis, and enhance social security coverage to gig and domestic workers.
1 min
Govt Eases Conditions for Specialty Steel PLI
The government on Monday relaxed conditions of the production-linked incentive (PLI) scheme for specialty steel and reopened the application window for companies to attract investments in product categories that saw no or low participation in the first round.
1 min
As fees stagnate, audit firms struggle to retain talent
Just 10% nominal rise in income over five years, real income growth negative
2 mins
Services PMI hits 4-month high in Dec
DEMAND BUOYANCY CONTINUED to drive new business inflows higher during December, which in turn supported output growth and prompted firms to recruit additional workers.
1 min
Govt mulls hallmarking for silver jewellery
FOOD AND CONSUMER Affairs Minister Pralhad Joshi on Monday asked the Bureau of Indian Standards (BIS) to consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands.
1 min
Funding in space industry declines 55% to $59.1 mn
FUNDING IN SPACE sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn.
1 min
Centre eyes private capital for ₹9L-cr grid expansion
INDIA IS ASKING states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.
1 min
Festive boost to Titan biz growth in Dec qtr
TITAN'S STANDALONE BUSINESS registered a 24% year-on-year growth, the Tata Group company said on Monday while providing an update for the December 2024 quarter.
1 min
Residual benefit of tariff hikes to boost telcos' Arpu in Q3
THE IMPACT OF the recent tariff hikes will continue to boost average revenue per user (Arpu) of telecom operators - Reliance Jio, Bharti Airtel and Vodafone Idea - in the October-December quarter.
1 min
Nxtra, Bizongo lead emerging unicorns
INDIA'S UNICORN CLUB may soon welcome five new members, as startups valued at or above $900 million prepare to cross the $1-billion valuation threshold by 2025.
1 min
Will not rush in bringing Digital India Act
The rules to implement Digital Personal Data Protection (DPDP) Act was released last week for stakeholder consultation.
3 mins
Lodha pre-sales soar to record ₹4,510 cr in Q3
The realtor added 8 new projects in 9MFY25 at ₹19,500 crore gross development value across three regions
1 min
SC Transfers Amazon, Flipkart's Plea Against CCI to Karnataka HC
THE SUPREME COURT on Monday transferred to Karnataka High Court petitions of Amazon and Flipkart, challenging a Competition Commission of India (CCI) order for a probe into the e-commerce giants for alleged malpractices.
1 min
Sterlite Grid 32 gets over ₹2,400 cr via listed NCDs
FUNDS TO BE USED TO REFINANCE MUMBAI PROJECT
1 min
RIL arm launches Raskik Gluco Energy drink, adding fizz to hydration market
Beverage to rival Tata Consumer, Dabur products
1 min
Adani Group lines up petchem foray
Adani Petrochem and Thailand's Indorama will hold 50% stake each in the JV
1 min
Auto ancillary firms aim US push with Trump's policies
INDIAN AUTOMOTIVE PARTS manufacturers are aiming to boost their share of exports to the US, driven by expectations that president-elect Donald Trump will fulfill his campaign promises upon taking office later this month.
1 min
D2C firm Frido set to be ₹200-cr brand
ARCATRON MOBILITY'S DIRECT-TO-CONSUMER (D2C) arm Frido is on track to become a ₹200-crore brand.
1 min
Former executives at OYO, upGrad launch mobility platform
MAYANK KUMAR, FORMER CEO of upGrad, and Ayush Mathur, a former senior leader at OYO, have launched a new mobility platform for blue-collar workers called BorderPlus.
1 min
Bank shares plunge up to 8% amid weak business updates
Historically, the third quarter is not a great one for banks
1 min
ITC ends in the red on hotel biz demerger
SHARES OF ITC ended nearly 3% lower on Monday, as the stock traded ex-demerger, after a special trading session to discover the price for ITC Hotels.
2 mins
PSBs' share in ‘fair value' investments declines, private banks report gains
STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.
1 min
Sebi Relaxes Settlement Norms for Dormant Accounts
SEBI ON MONDAY said it has eased norms for the settlement of client funds in trading accounts that have remained inactive for 30 days.
1 min
RBI Should Ease Its Tight Grip on Rupee, Says Viral Acharya
FORMER RESERVE BANK of India deputy governor Viral Acharya said the central bank should ease its tight grip on the rupee, a view that comes amid uncertainties over whether the new governor will maintain his predecessor's policy of limiting currency swings.
1 min
PSBs turn net sellers of govt securities
STATE-OWNED BANKS HAVE turned net sellers of government bonds (G-Secs) amid a widening liquidity deficit, said traders.
1 min
Rupee at lifetime low as equities slide; tilt bearish
THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.
1 min
Netflix, WWE aim to fuel wrestling worldwide
NETFLIX'S NEXT VENTURE into live programming starts Monday when the company streams its first episode of \"Raw,\" the weekly World Wrestling Entertainment spectacle that has been a staple of U.S. television for three decades.
1 min
Trump Haunts Central Banks Primed for Wary Rate Cuts in 2025
GLOBAL CENTRAL BANKERS are poised to cut borrowing costs further in 2025, but only warily—and with a keen eye on the policies of incoming US President Donald Trump.
1 min
Disney nears deal to merge Hulu + Live into Fubo
WALT DISNEY AND streaming provider FuboTV are nearing a deal to combine their online live TV businesses, according to people familiar with the matter.
1 min
Nippon, US Steel File Suit After Biden Blocks $15 Billion Deal
NIPPON STEEL and US Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based US Steel and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.
1 min
Trudeau steps down as Canada PM
PARLIAMENT SUSPENDED UNTIL MARCH 24; SUCCESSION RACE BEGINS
1 min
Donald Trump denies he will pare back tariffs plan
PRESIDENT-ELECT DONALD Trump denied a Washington Post report that his aides are considering narrowing his tariff plan so that it would only apply to limited specific critical imports.
1 min
Pope Names 1st Woman to Head Major Vatican Office
POPE FRANCIS ON Monday named the first woman to head a major Vatican office, appointing an Italian nun, Sister Simona Brambilla, to become prefect of the department responsible for all the Catholic Church's religious orders.
1 min
Judicial Overreach Unwarranted
High court order staying Religare Enterprises AGM risks undermining shareholder rights, regulatory authority, and market confidence
3 mins
Tesla and Waymo should learn from '24 air crashes
If you yearn for a future where you can travel from place to place in safety and comfort, some of the major transport events of 2024 might feel like a setback.
2 mins
Weak drivers
Budget should have measures to resuscitate the middle class
2 mins
In search of a growth driver
DIFFICULT TO IDENTIFY A SECTOR THAT HAS POTENTIAL TO LIFT ECONOMY TO A HIGHER TRAJECTORY
4 mins
SBI Cards: Credit costs to improve
Management strengthens risk assessment measures
2 mins
Cautious outlook for auto companies in Q3
No segment shows growth except tractors
1 min
Banks: Slower loan growth a worry
Asset quality concerns ease
2 mins
Eight jawans among 9 killed in Naxal attack
VEHICLE BLAST IN CHHATTISGARH
1 min
Top IITs see a drop in campus placements
More students likely getting jobs independently
2 mins
US set to lift curbs on Indian nuclear entities
Eyeing Deeper Energy Ties
1 min
ICC explores two-tier Test cricket system
ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points
1 min
Financial Express Mumbai Newspaper Description:
出版社: The Indian Express Ltd.
カテゴリー: Newspaper
言語: English
発行頻度: Daily
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