Financial Express Lucknow - January 09, 2025
Financial Express Lucknow - January 09, 2025
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In this issue
January 09, 2025
BP bags contract to operate ONGC's Mumbai High field
Besides new projects, ONGC focuses on enhancing output of mature fields like Mumbai High
1 min
Higher corporate efficiency also behind lower wage growth
The trend of manufacturing companies outsourcing services impacted wage growth in India, Sanjiv Puri, president of the Confederation of Indian Industry (CII), said in an interview with Priyansh Verma & Raghav Aggarwal.
3 mins
Gold imports overstated by $11.7 bn in Apr-Nov: Govt
Losing Sheen
2 mins
Steel import duty may lead to steep price hike
STEEL PRICES IN 2025 would be much higher than last year's if the proposed safeguard duty on steel imports is imposed by the end of next month, rating agency Crisil said on Wednesday.
1 min
DPIIT Looks at Policy Tweaks to Boost FDI
The Department for Promotion of Industry and Internal Trade (DPIIT) held a consultation with stakeholders on Wednesday on ways to increase the inflows of foreign direct investment (FDI) by carrying out required changes in regulations.
1 min
Digital farmer ID must to apply for PM Kisan benefits
● States requested to upgrade land records
1 min
Elgar case: Rona Wilson, Dhawale granted bail
The Bombay High Court on Wednesday granted bail to researcher Rona Wilson and activist Sudhir Dhawale, both arrested in 2018 in the Elgar Parishad-Maoist links case.
1 min
Modi Inaugurates Projects Worth Over ₹2L Cr in Andhra
PRIME MINISTER NARENDRA MODI on Wednesday virtually laid the foundation stone and launched projects worth over ₹2 lakh crore here and said the Centre will work with Andhra Pradesh in realising its vision of becoming approximately a $2.5 trillion economy by 2047.
1 min
New Isro chairman: The brain behind India's cryogenic success
FROM CHANDRAYAAN to the latest Space Docking Experiment (SpaDeX) and the upcoming Gaganyaan missions, the Indian Space Research Organisation is \"going through a successful phase\", new Isro chairman V Narayanan said on Wednesday.
2 mins
Why is BJP not allowing public to see Delhi CM's 'Sheesh Mahal', asks AAP
AT 11 AM on Wednesday, Aam Aadmi Party (AAP) leaders Sanjay Singh and Saurabh Bhardwaj arrived in front of the barricades lined up before the 6, Flag Staff Road bungalow on Civil Lines, acquired by the Public Works Department, to stage a protest.
1 min
Body of one of nine trapped Assam coal miners found
THE BODY OF one of the nine workers trapped inside a coal mine in Assam's Dima Hasao district was recovered by army divers on Wednesday on the third day of the rescue operations, officials said.
1 min
Wilmar readies post-Adani exit blueprint
Focus On Food Business Likely
1 min
Top contenders shortlisted for ₹10k-cr AI compute initiative
● List includes Yotta Data Services, Jio Platforms, Tata Communications
1 min
Nadella: India must balance AI ambition with investment
INDIA HAS THE potential to be a global leader in artificial intelligence (AI), but it must carefully weigh its investments in building foundational AI models, Microsoft chairman and CEO Satya Nadella said on Wednesday.
1 min
Inter-ministerial team to govern AI proposed
A PANEL APPOINTED by the ministry of electronics and IT (MeitY) has recommended an inter-ministerial approach to govern artificial intelligence (AI).
1 min
Infinity Fincorp loan book tops ₹1K cr
MUMBAI-BASED INFINITY FINCORP, which provides loans against property for MSME borrowers, has increased its loan book to over ₹1,000 crore, company founder, MD and CEO Shrikant Ravalkar told FE in an interaction.
1 min
E-comm, q-comm major driver of demand in the country
Welspun One, the logistics and industrial property arm of Welspun Group, recently said it plans to raise ₹1,000 crore to fund its expansion.
2 mins
SC order on land row drags Aditya Birla realty shares
Scrip Ends 3.59% Lower
1 min
New entrants, QSRs fuel 10-min food delivery biz
From Niche To Universal
1 min
M&M Unveils Advanced Hub for EV Production
MAHINDRA HAS LAUNCHED a cutting-edge electric vehicle (EV) manufacturing and battery assembly facility at its Chakan hub, dedicated to electric-origin SUVs.
1 min
JSW's Mozambique deal on hold
A Long Battle Ahead
2 mins
NBFC fundraising through ECB route hits 5-year high
FALLOUT OF RBI STRICTURES
2 mins
Rupee Slumps 14 Paise on Rise in Crude Oil Prices, Strong Dollar
The rupee fell 14 paise, or 0.2%, to an all-time closing low of 85.86 on Wednesday as the dollar further strengthened on account of positive economic data from the US, said forex traders.
1 min
Microfinance portfolio shrinks
THE MICROFINANCE PORTFOLIO declined 4.3% to ₹4.14 lakh crore in the September quarter as microlenders turned cautious amid concerns over the deteriorating asset quality, according to report released by credit information company Crif High Mark.
1 min
Indices Stage Smart Recovery, Defy Slowdown Concerns
The benchmark indices staged a smart recovery in the second half of the trading session on Wednesday, but ended the day with marginal losses.
1 min
Govt Mulls Lifting Ban on Trade in Some Crop Futures
The government is considering revoking a three-year ban on futures trading in seven agricultural commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.
1 min
Ola Electric Gets Sebi Warning Over Disclosure Lapses
MARKETS REGULATOR SEBI has issued an administrative warning letter to Ola Electric Mobility over violations of disclosure norms.
1 min
RBI Lifts Restrictions on Asirvad, DMI Finance
The Reserve Bank of India on Wednesday lifted supervisory restrictions on Asirvad Micro Finance and DMI Finance.
1 min
Trump Mulls National Economic Emergency Call to Support Tariffs
PREZ-ELECT HAS VOWED TO IMPOSE 10% TARIFFS ON GLOBAL IMPORTS
1 min
AI startup Anthropic to raise at $60 billion value
OPENAI RIVAL ANTHROPIC is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter.
1 min
Samsung Profit Outlook Falls Short of Estimate
SAMSUNG ELECTRONICS' PRELIMINARY fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end chips to Nvidia.
1 min
China Bolsters Consumer Subsidies to Boost Spending
AUTO MARKET REBOUNDS
1 min
OpenAI chief denies sister's allegations of sexual abuse
THE SISTER OF billionaire OpenAI chief executive Sam Altman filed a lawsuit accusing him of sexually abusing her regularly between 1997 and 2006, prompting him and other family members to deny her claims.
1 min
Putin's booming war economy poised for soft, bumpy landing
PRESIDENT VLADIMIR PUTIN'S invasion of Ukraine triggered an economic boom in Russia built on the back of government stimulus.
1 min
Tesla poised for $1-bn windfall from EU emissions curbs
TESLA COULD COLLECT more than €1 billion ($1 billion) in compensation from rival automakers that need help meeting tougher pollution standards in the European Union this year, UBS Group analysts said.
1 min
Reshaping consumer behaviour
High fintech adoption isn't just a trend but a game changer in India; three 'S's will define 2025 for the sector - security, sustainability, and scalability
3 mins
Fact-checking reversal lets Zuckerberg drop charade
MARK ZUCKERBERG'S VIDEO announcement on Tuesday that the company would abandon its fact-checking efforts and loosen moderation marks a stunning reversal of years of promises regarding safety and misinformation.After promoting GOP-ally Joel Kaplan to head of policy and appointing Donald Trump pal Dana White to Meta's board, this next act to open the floodgates to hate speech means the MAGA storming of Menlo Park is just about complete.
3 mins
A power distribution poser
EACH CASE OF PRIVATISATION HAS BEEN A LESSON FOR THE NEXT
4 mins
Tidings for agri-budget
All eyes will be on how the govt addresses the narrative of agrarian distress
2 mins
GCCs focus on skills-based hiring for growth
GCCs focus on skills-based hiring for growth
2 mins
'Align AI and business goals for better results'
ENTERPRISES are increasingly recognizing the value of multi-cloud architectures and the ability to capitalize on the unique strengths of various cloud platforms to enhance their operational capabilities, says Shailender Kumar, senior vice-president and regional managing director of Oracle India and Netsuite JAPAC.
2 mins
Oil pares gains on dollar strength
OIL PRICES TRIMMED earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.
1 min
India seeks NRI participation in 'Viksit Bharat'
THE 18TH PRAVASI Bharatiya Divas (PBD) convention kicked off here on Wednesday, with external affairs minister S Jaishankar calling upon NRIs and Persons of Indian Origin to actively participate in the quest for a 'viksit Bharat' (developed India).
1 min
No Pre-emptive Tariff Overhaul
Over a few years to FY23, India had seen a significant tariff escalation, reversing the trend of progressive reduction of these import barriers, primarily in the wake of the pandemic.
2 mins
Foxconn, Dixon Urge Govt to Pay ₹700 Cr in Pending PLI Subsidies
The government is reviewing the two requests, the people said.
1 min
Pritish Nandy dies at 73
Veteran journalist, poet and filmmaker Pritish Nandy passed away in Mumbai on Wednesday, sources close to him said.
1 min
Bid for 2036 Olympics takes pan-India route
● Bhubaneswar, Bhopal, Pune to join Ahmedabad
3 mins
Flying taxis are on the horizon
Taking Commuting To New Heights
3 mins
Financial Express Lucknow Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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