Financial Express Ahmedabad - December 21, 2024
Financial Express Ahmedabad - December 21, 2024
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December 21, 2024
Goyal for integration of industry and govt to boost logistics sector
COMMERCE AND INDUSTRY minister Piyush Goyal on Friday called for a complete integration of industry stakeholders with government platforms to improve efficiency of the logistics sector.
1 min
Realtors body asks FM to review 18% GST on floor space index
CREDAI (Confederation of Real Estate Developers Association of India) on Friday urged the central government to reconsider the proposition of charging 18% GST on FSI/ additional FSI charges paid to local authorities for real estate projects.
1 min
India raises issue of non-tariff barriers with EU
INDIA HAS SAID that the non-tariff barriers are impeding trade with the European Union and has called for addressing the long-pending issues as a confidence-building measure.
1 min
India's crude oil storage at 67% of capacity
House panel calls for cautious approach given geopolitical uncertainties
2 mins
Bihar gets record ₹1.81 lakh crore investment; Adani, IOC big draws
ADANI GROUP, SUN Petrochemicals and a host of other companies—big and small—on Friday committed to investing a record ₹1.81 lakh crore in Bihar, across sectors ranging from renewable energy to cement, food processing and manufacturing.
1 min
GST Council to undertake massive rates rejig today
Fitment committee recommends tax cuts for fortified rice kernels; UVs may attract 22% cess
2 mins
Centre hikes copra MSP by up to ₹420 to ₹12,100 a quintal
THE GOVERNMENT ON Friday announced an increase in the minimum support price (MSP) for copra by up to ₹420 to ₹12,100 per quintal for 2025 with a budget outlay of ₹855 crore.
1 min
Probe into duty on steel items begins
The DGTR has given 15 days to exporters, importers and users in India to file their response for the investigation
1 min
India likely to step up imports of pulses and edible oils from Brazil
● Tie-up on the cards for raising milk production
2 mins
BPCL buys first crude oil cargo from Argentina for Feb delivery
BHARAT PETROLEUM HAS bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries.
1 min
Coal sector plays major role to country's growth
UNION MINISTER G Kishan Reddy has stressed on the key role of the coal sector in the country's journey towards energy security and economic growth.
1 min
CPSE net profits up 47% in FY24
● Petroleum firms boost earnings; m-cap up 121%
1 min
Govt signs ₹7,628 cr pact with L&T for Vajra guns
THE DEFENCE MINISTRY on Friday sealed a contract with Larsen & Toubro for procurement of K9 Vajra artillery guns for the Indian Army at a total cost of ₹7,628 crore that is expected to significantly bolster the force's strike capability.
1 min
Delivery booster: Q-comm firms add medicines to cart
Medinos, Medstown lead charge in quick delivery revolution
1 min
Local players may miss out on smartphone PLI
Will compete with Ola S1 Pro, Ather Rizta and TVS iQube
2 mins
TechM aims for bigger bank tech spend: CEO
Nasdaq-listed IT services major raises FY25 revenue growth forecast to 4-7%
2 mins
Bajaj unveils e-Chetak variants, prices start at ₹1.2L
BAJAJ AUTO on Friday launched a new Chetak platform, the 35 Series, with two variants: the Chetak 3501 priced ₹1.27 lakh, and the Chetak 3502 priced ₹1.2 lakh, ex-showroom.
2 mins
Accenture's Q1 earnings give IT companies a byte of hope
Nasdaq-listed IT services major raises FY25 revenue growth forecast to 4-7%
1 min
Zoomcar takes on Uber, Ola with new cab-hailing service
NASDAQ-LISTED CAR-sharing platform Zoomcar has entered the competitive cab-hailing market in Bengaluru with the launch of Zoomcar Cabs, a move seen to challenge industry majors like Uber, Ola, and newer players like Namma Yatri and Shoffr.
1 min
Local players may miss out on smartphone PLI
DOMESTIC PLAYERS, APART from Dixon Technologies, are on course to miss out on the benefits of the government's smartphone production-linked incentive (PLI) scheme, which concludes in FY26.
1 min
Markets log worst week
WHILE THE SENSEX plunged 4,091.53 points or 4.98% in the week, the Nifty fell 1,180.80 points or 4.77%.
1 min
SpiceJet's 3 grounded planes to fly again by April
DOMESTIC CARRIER SpiceJet on Friday said it is expecting three of its Boeing 737 MAX aircraft to become operationalised by April next year.
1 min
Disrupting E2W disruptor
CHENNAI-BASED TVS MOTOR saw the volumes of its electric two-wheeler range grow by 30% to 200,700 units, holding on to the second spot.
1 min
Markets log worst week
WHILE THE SENSEX plunged 4,091.53 points or 4.98% in the week, the Nifty fell 1,180.80 points or 4.77%.
1 min
HC clears path for Adani to redevelop Dharavi
THE BOMBAY HIGH Court on Friday cleared the decks for redevelopment of Dharavi slums as it upheld the tender awarded to the Adani Group for the project by the Maharashtra government, ruling there was no \"arbitrariness, unreasonableness or perversity\" in the decision.
1 min
CCI approves UltraTech-India Cements deal
REGULATOR OKAYS ₹7K-CR PACT
1 min
Markets log worst week
WHILE THE SENSEX plunged 4,091.53 points or 4.98% in the week, the Nifty fell 1,180.80 points or 4.77%.
2 mins
Low-cost growth is edtech's new winning formula, not high burn, says Lightspeed
THE EDTECH SECTOR is adopting a new mantra for success—efficient customer acquisition over high marketing spends.
1 min
Forex reserves dip to nearly six-month low of $652.87 bn
INDIA'S FOREX RESERVES dropped by $1.988 billion to an almost six-month low of $652.869 billion for the week ended December 13, the RBI said on Friday.
1 min
RBI latest VRR auction gets robust response
THE RESERVE BANK of India's (RBI) seven-day variable rate repo auction (VRR) for ₹1.50 lakh crore has received bids worth ₹2.01 lakh on Friday, indicating a strong demand for funds from banks amid huge liquidity deficit, said interbank call money traders.
1 min
Central bank steps in to stem Re slide
THE RUPEE RECOVERED from its all-time low against the dollar and appreciated 5 paise to close at ₹85.03 on Friday.
1 min
Record $19 bn raised via IPOs in 2024
MORE THAN $19 BILLION has been raised in IPOs in India since January, beating the previous annual record of $17.8 billion in 2021. They include the country's biggest-ever listing, which saw Hyundai Motor's local unit raise $3.3 billion.
1 min
Sensex tanks over 1K points, Nifty slips below 23,600
Sensex and Nifty plunged about 1.5% on Friday, taking their downtrend to the fifth straight session, due to risk aversion in the global markets after the hawkish stance of the US Federal Reserve.
1 min
Das pitched for inflation-growth balance at his final MPC meet
THE PRIORITY OF monetary policy should be on restoring the inflation-growth balance and aligning inflation to the apex bank's target of 4%, said Shaktikanta Das, former governor, Reserve Bank of India (RBI), according to the minutes of his last monetary policy committee (MPC) meeting, released on Friday.
1 min
Sebi introduces uniform data sharing policy for research
THE SECURITIES AND Exchange Board of India (Sebi) on Friday directed market infrastructure institutions (MIIs) to adopt a uniform policy for sharing data for research publications.
1 min
Southeast Asia has $60-bn AI boom but startups are missing
SOUTHEAST ASIA is fast emerging as an investment hot spot for AI leaders like Nvidia Corp. and Microsoft Corp., which are plowing money into cloud services and data centers. But the region's own young tech companies are failing to capitalize on the boom.
2 mins
Prez-elect's spending deal fails in House
A SPENDING BILL backed by Donald Trump failed in the US House of Representatives on Thursday as dozens of Republicans defied the president-elect, leaving Congress with no clear plan to avert a fast-approaching government shutdown that could disrupt Christmas travel.
1 min
Tesla recalls nearly 700,000 cars in US over tyre pressure issue
TESLA SAID ON Friday it was recalling 694,304 vehicles in the United States over an issue with the tyre pressure monitoring system (TPMS).
1 min
Volkswagen nears deal with labour leaders
VOLKSWAGEN NEARED A deal with labour leaders in the company's longest negotiations over pay and jobs, sources said on Friday, but the final outcome was still uncertain as Europe's largest carmaker tries to push through cuts and avert mass strikes.
1 min
Honda talks indicate Nissan in panic mode: Ghosn
NISSAN MOTOR PURSUING a deal with Honda Motor indicates the former is in \"panic mode,\" according to Carlos Ghosn, the ex-chairman of the struggling Japanese automaker.
1 min
Foxconn's interest in Nissan on hold
HON HAI PRECISION Industry, the Taiwan-based manufacturer of iPhones known as Foxconn, is putting its interest in pursuing Nissan Motor on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor Co., according to a person familiar with the matter.
1 min
Trump wants EU to purchase more US oil, gas or face tariffs
US PRESIDENT-ELECT Donald Trump said on Friday that the European Union may face tariffs if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the world's largest economy.
2 mins
Can Trump save dollar hegemony?
IF TRUMP WERE TO RETALIATE AGAINST THE BRICS WITH 100% TARIFFS, THE MOVE COULD BACKFIRE
4 mins
Nike's half measures need another shoe to drop
THE FIRST SHOE has dropped at Nike.
3 mins
Reforming agri marketing
Need for a GST-like body of state ministers to build consensus on a unified national market
2 mins
A framework for fair interest rates
There is a keen interest and hope that the RBI would lead with a structured framework that removes second-guessing what's fair in loan pricing
3 mins
Top up health cover with emergency fund
Add-ons and super top-up policies can boost medical cover
1 min
Why Kia doesn't share design with Hyundai
Both are part of the same organisation, but design teams will always be different
2 mins
A City sensation, but can it Amaze your Dzire for a car?
New Amaze is as luxurious as old City, but lacks features like USB-C socket, 360-degree camera, auto-dimming cabin mirror, and sunroof
2 mins
Don't jump into algo trading without knowing the fault lines
WITH INCREASING DEMAND for algo trading, the markets regulator has proposed reviewing the framework to strengthen the checks and balances in the system.
1 min
Five-time Haryana CM Chautala dies at 89
INDIAN NATIONAL LOK Dal (INLD) supremo and five-time Haryana chief minister Om Prakash Chautala, patriarch of one of the most influential political families of the state, died of cardiac arrest at his Gurugram residence on Friday. He was 89.
1 min
Bhagwat: Ram temple is a matter of faith
UNDERLINING THAT RAM temple in Ayodhya was a \"matter of faith\" for Hindus, RSS chief Mohan Bhagwat has said that it is \"unacceptable\" to rake up \"such new issues on a daily basis\" simply because of \"extreme hatred, malice, enmity and suspicion\".
1 min
ED books KTR in Formula-E case
The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said.
1 min
Jaipur crash triggers blast
AT 5:45 AM - 15 MINUTES after he dropped his nephew Harlal and another relative, Raju, at the Jaipur-Ajmer highway to board a truck to take them back home - Mohanlal (47) got a distress-ing call: there had been an explosion and that Harlal was nowhere to be found.
1 min
Chaotic winter session ends amid brawls and protests
PARLIAMENT WAS ADJOURNED sine die on Friday, capping off a tumultuous session that saw a robust debate on the country's constitutional journey and the introduction of two landmark bills on simultaneous elections before plunging to a new low of political animosity over alleged insult of B R Ambedkar.
1 min
How India's Twenty20 batting in domestic cricket went on a six-hitting spree this year
TRANSITION SEEMS INEVITABLE in the longer formats. Falling Test standards, home and away; defeat in the only ODI series in Sri Lanka, a first in 27 years. While the ICC Champions Trophy is round the corner, several stalwarts are in the autumn of their careers in the 50-over format.
2 mins
Pushpa 2 hits ₹990 cr in India, ₹1,500 cr worldwide
ALLU ARJUN-STARRER Pushpa 2: The Rule has become the biggest hit of the actor's career, and even after two weeks in the cinemas, the film is still making money in double digits.
1 min
More than 15% of super-rich in India are under 30: Report
DRIVEN BY STARTUP UNICORNS AND IPOs
1 min
Financial Express Ahmedabad Newspaper Description:
Utgiver: The Indian Express Ltd.
Kategori: Newspaper
Språk: English
Frekvens: Daily
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