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Financial Express Kolkata

Apple rally unabated amid sluggish growth

APPLE HAS THE slowest revenue growth among Big Tech stocks and is facing tariff-related risks going into Donald Trump's second term.

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1 min  |
December 11, 2024
Financial Express Kolkata

Xi rebuffs Trump's threat of tariffs

GEARING UP FOR Trump 2.0 era,

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1 min  |
December 11, 2024
Financial Express Kolkata

Rebel-backed leader assumes charge as interim Syrian PM

SYRIA'S NEW INTERIM leader announced on Tuesday he was taking charge of the country as caretaker prime minister with the backing of the former rebels who toppled President Bashar al-Assad three days ago.

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1 min  |
December 11, 2024
Financial Express Kolkata

Expect retail loans to drive incremental advances

City Union Bank, traditionally focused on MSMEs, has expanded into retail lending. In an interview with Narayanan V, managing director and CEO N Kamakodi explains the rationale behind diversifying its portfolio, and outlines its lending plans. Excerpts

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2 mins  |
December 11, 2024
Financial Express Kolkata

China's exports to US surge amid rising tariff concerns

● Unexpected drop in imports shows weak Chinese demand

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2 mins  |
December 11, 2024
Equity MF inflows in November drop 14%
Financial Express Kolkata

Equity MF inflows in November drop 14%

● Second consecutive month of SIP inflows crossing the ₹25,000-crore mark

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2 mins  |
December 11, 2024
Financial Express Kolkata

A hard 'taskmaster' with 'memory of an elephant'

SANJAY MALHOTRA, A career civil servant who has mostly kept a low profile, was picked as the governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das who is leaving after a six-year stint.

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1 min  |
December 11, 2024
Restoring inflation-growth balance most important: Das
Financial Express Kolkata

Restoring inflation-growth balance most important: Das

THE OUTGOING GOVERNOR of the Reserve Bank of India (RBI), Shaktikanta Das, said on Tuesday that restoring the inflation-growth balance is the most important task ahead for the central bank.

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1 min  |
December 11, 2024
Financial Express Kolkata

Re nears 85 as rate cut bets rise

THE MARKET WILL closely watch the new governor's strategy of handling pressure on the rupee. The market expects the new governor to be more flexible in his policies related to dollar-rupee.

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1 min  |
December 11, 2024
Financial Express Kolkata

SP Group sells Mumbai land for ₹455 cr

THE SHAPOORJI PALLONJI Group has sold a 19,589.22 sq ft land parcel in the upscale Juhu locality of Mumbai to Agarwal Holdings for ₹455 crore.

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1 min  |
December 11, 2024
Financial Express Kolkata

GenAI to play key role in fighting cyber risks: TCS

TO COMBAT THE rising menace of GenAI-powered cyberattacks, Tata Consultancy Services (TCS) on Tuesday suggested a counter-intuitive approach: just like fighting fire with fire, organisations must deploy GenAI-powered threat detection and response systems.

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1 min  |
December 11, 2024
Legacy firms wrest 51% of EV 2W pie
Financial Express Kolkata

Legacy firms wrest 51% of EV 2W pie

THE DELHI-BASED COMPANY also more than doubled its volumes and retained its tag of being the fifth largest player in this category with a 6% market share.

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1 min  |
December 11, 2024
Financial Express Kolkata

Most APAC firms see benefits of AI in 2-5 years: IBM survey

Nearly 60% of surveyed organisations across the Asia-Pacific region (APAC) anticipate realising the benefits of their artificial intelligence (AI) investments within two to five years, a recent study commissioned by IBM, titled \"APAC AI Outlook 2025\", said.

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1 min  |
December 11, 2024
Financial Express Kolkata

Fintech firm Jar's jewellery e-comm bet yields results

TIGER GLOBAL-BACKED FINTECH startup Jar, best known for its digital gold savings offering, has crossed ₹100 crore in annualised recurring revenue (ARR) from its jewellery e-commerce vertical Nek, just nine months after its launch in February, co-founder and CEO Nishchay AG said.

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1 min  |
December 11, 2024
Financial Express Kolkata

RPower sets up green arm, names CEO, COO

RELIANCE POWER ON Tuesday announced setting up its renewable energy business arm Reliance NU Energies and appointed Mayank Bansal as chief executive officer and Rakesh Swaroop as chief operating officer of the subsidiary.

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1 min  |
December 11, 2024
Financial Express Kolkata

Adani seeks fresh lifeline for troubled $2-bn power plant

SEEKING MORE CONCESSIONS

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2 mins  |
December 11, 2024
Financial Express Kolkata

Nano units helping us bridge service gap for new-age channels

Hindustan Unilever (HUL), the country's largest consumer goods company, runs a network of 28 factories and 35 warehouses, producing over 75 billion units across 2,000+ products annually.

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3 mins  |
December 11, 2024
Financial Express Kolkata

Global airlines may surpass $1-trn revenue mark in 2025

THE GLOBAL AIRLINE industry is projected to report a net profit of $36.6 billion in 2025, slightly higher than expected this year, helped by lower oil prices and cost control, IATA said on Tuesday.

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1 min  |
December 11, 2024
Financial Express Kolkata

Will focus on fintech, consumer startups, says Stride Ventures

AS IT LOOKS at its next phase of growth, venture debt firm Stride Ventures will increase focus on investments in consumer, fintech, and cleantech startups and reduce exposure to the B2B sector.

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1 min  |
December 11, 2024
Financial Express Kolkata

Peripheral areas witness bigger spike in home prices than prime locations

NEWER REAL ESTATE micro markets have seen higher price growth over the past six years than many prime locations across the top 7 cities, a report by Anarock showed. Bengaluru's peripheral area Gunjur saw average residential prices jumping 69% from ₹5,030 per sq ft in 2019 to ₹8,500 per sq ft in Q3 2024.

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1 min  |
December 11, 2024
Financial Express Kolkata

RIL, L&T arm, ReNew bid for green hydrogen sops

WAAREE, AVAADA ALSO SUBMIT BIDS UNDER TRANCHE II

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1 min  |
December 11, 2024
Financial Express Kolkata

Amazon enters q-commerce race with 15-minute delivery

JOINING THE RUSH

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2 mins  |
December 11, 2024
Financial Express Kolkata

Stand against China-led investment to continue

INDIA WILL CONTINUE to oppose China's move at the World Trade Organisation (WTO) for an agreement on investment facilitation even though it has garnered support from 128 countries out of 166 members, a senior official said.

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1 min  |
December 11, 2024
Financial Express Kolkata

HDFC Bank takes huge office space on lease in Navi Mumbai

HDFC BANK HAS leased 416,000 sq ft of office space in the Gigaplex complex, located in the Mindspace property of K Raheja Corp in Airoli, Navi Mumbai, for a period of 10 years.

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1 min  |
December 11, 2024
Financial Express Kolkata

List of approved solar models & makers issued

The government on Monday issued an order to include solar cells under the ambit of Approved List of Models and Manufacturers (ALMM) effective from June 1, 2026, a measure aimed to boost domestic manufacturing of solar cells and reduce dependency on Chinese imports.

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1 min  |
December 11, 2024
Oppn submits motion to remove Dhankhar
Financial Express Kolkata

Oppn submits motion to remove Dhankhar

IN A FIRST, parties of the INDIA opposition bloc on Tuesday submitted a notice to bring a motion in Rajya Sabha for the removal of Vice President Jagdeep Dhankhar, accusing him of \"partisan\" conduct as the chairman of the Upper House.

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1 min  |
December 11, 2024
Financial Express Kolkata

National Broadband Mission 2.0 in the works

The Department of Telecommunications (DoT) is working on the next leg of the National Broadband Mission to improve connectivity, quality of services, increase broadband penetration, and infrastructure in the country.

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1 min  |
December 11, 2024
Financial Express Kolkata

India to defend fishing subsidies at WTO meet

INDIA HAS POINTED out that its per capita subsidies to farmers amount to just $35 a year as compared to $76,000 that some of the biggest fishing economies provide and the World Trade Organisation (WTO) should look at per capita rather than aggregate support for fisheries as the trade regulating body discusses further measures to tackle overfishing.

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1 min  |
December 11, 2024
Financial Express Kolkata

S&P Global: India set for 'resilient' growth in 2025

THE INDIAN ECONOMY is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its 'India Outlook for 2025' note.

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1 min  |
December 11, 2024
Rail freight loading trails modest Budget estimates
Financial Express Kolkata

Rail freight loading trails modest Budget estimates

• Just 2.1% growth in April-Nov despite no increase in tariffs

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2 mins  |
December 11, 2024