Financial Express Chandigarh - December 18, 2024
Financial Express Chandigarh - December 18, 2024
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December 18, 2024
Indian firms turn to euro, yen swaps to trim borrowing cost
INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.
2 mins
EPFO weighs higher equity investments
● Labour ministry panel to look at ways to raise exposure
2 mins
Tighter offshore derivative instruments rules
TO CURB REGULATORY arbitrage, the Sebi has barred foreign portfolio investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying or use derivatives to hedge their ODIs in India, reports Akshata Gorde.
1 min
Markets slump over 1%
● Investors' wealth down ₹4.92 lakh cr
2 mins
CBDT issues fresh FAQs on tax dispute resolution
THE CENTRAL BOARD of Direct Taxes (CBDT) on Tuesday published a fresh set of FAQs on the Direct Tax Vivad se Vishwas scheme in response to additional queries received by it.
1 min
No more duty-free import of items for solar power: CBIC
TO PUSH DOMESTIC manufacturing, the government has withdrawn a scheme which permitted duty-free import of goods for solar power generation.
1 min
Q2 a blip, growth to pick up again: FM
The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.
1 min
NHPC aims to have installed capacity of 50 GW by 2047
A state-run hydropower company, NHPC, plans to raise its total installed capacity to 23 gigawatts (GW) by 2032 from its current capacity of 7.2 GW.
3 mins
DHL, 2 more shortlisted for e-comm export hubs
● Initial centres will come up in Mumbai, Delhi and Bengaluru
2 mins
One nation, one poll Bills introduced in Lok Sabha
● 269 vote for and 198 against their introduction
1 min
Ahead of talks with Doval, China ready to enhance mutual trust
As National Security advisor Ajit Doval reached Beijing for talks on Wednesday between the Special Representatives of the two countries, China said Tuesday it is ready to work with India to \"deliver on important common understandings reached between our two leaders\" and \"enhance mutual trust and mutual confidence\".
1 min
Blackstone expects 5X growth in India data centre capacity
GLOBAL FUND HOUSE Blackstone expects at least fivefold growth in its data centre capacity in India in the coming years, fuelled by the adoption of cloud, 5G, and data protection in the country.
1 min
Ola tests 10-min food delivery service in Bengaluru via ONDC
OLA CONSUMER HAS begun testing 10-minute food delivery services in select areas of Bengaluru through the Open Network for Digital Commerce (ONDC) network.
1 min
More Indians looking to fly biz class this holiday season
THE NUMBER OF Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year. While the trend is more pronounced in international travel, travel agents and online platforms suggest that it is also emerging on many domestic routes.
2 mins
Blackstone's Mphasis deal rescues PE firms
● Venture capitalists double earnings to $4.06 billion
2 mins
Maruti first carmaker to produce 2 mn units in a year
MARUTI SUZUKI ON Tuesday said it has become India's first original equipment manufacturer (OEM) to produce two million vehicles in a calendar year.
1 min
Big Tech may have to pay more for SMSes in India
● Trai's definition identifies their traffic as international
2 mins
Developers go slow on home launches
NEW SUPPLY OF residential units remained relatively tepid in 2024 compared to 2023, mainly due to election-related approval delays in H1 and state elections in H2.
1 min
Daikin India forms JV with Taiwan firm
DAIKIN INDIA, THE Indian subsidiary of Japan's Daikin Industries, on Tuesday announced that it has formed a joint venture with Taiwanese AC compressor maker Rechi Precision to manufacture, design and sale of rotary compressors.
1 min
Automotive Axles shareholders vote against RPT with Meritor
THE MINORITY SHAREHOLDERS of Automotive Axles, a Kalyani Group company, have rejected the resolution to approve material-related party transactions with Meritor HVS (India) with around 79.47% of the votes against the move and 20.53% in favour.
1 min
Airline gets DGCA show-cause notice
AVIATION REGULATOR DGCA has issued a show cause notice to Akasa Air for violation of norms related to the airline's operations manual, according to sources.
1 min
ITC to demerge hotel business on January 1
CIGARETTES-TO-FOODS CONGLOMERATE ITC has finalised January 1, 2025, as the effective date for the demerger of its hotel business, following receiving an order from the National Company Law Tribunal (NCLT), the company said on Tuesday.
1 min
Safety is priority, says Akasa Air CEO
ASSERTING THAT AKASA Air is an employee-centric organisation, its CEO Vinay Dube has said the airline always works on improving its very high safety standards, amid some pilots flagging concerns about alleged training and safety issues.
1 min
Sanghi & Penna to merge with Ambuja
SEPARATE SCHEMES OF ARRANGEMENT ANNOUNCED
1 min
Cult.fit's revenue rises in FY24; loss remains flat
FITNESS-TECH PLATFORM CULT.FIT recorded a 33.6% increase in operating revenue, reaching ₹927 crore in FY24 compared to ₹694 crore in the previous fiscal year.
1 min
Regulator introduces new asset class for high-risk users
MARKETS REGULATOR SEBI has notified norms for introducing a new asset class -- Specialised Investment Fund -- for high-risk profile investors along with liberalised mutual funds lite (MF Lite) framework for passively managed schemes.
1 min
Indian firms raise $16 billion via QIP
ROBUST RESPONSE
1 min
RBI lifts curbs on two Edelweiss Group entities
The Reserve Bank of India (RBI) on Tuesday lifted the restrictions imposed on Edelweiss Asset Reconstruction Company (EARCL) and ECL Finance, effective immediately, after the companies engaged with the regulator on remedial measures.
1 min
Sebi names auditor to examine TARC's finances during FY21-23
CAPITAL MARKET REGULATOR Sebi has appointed a forensic auditor to look into financial statements of New Delhi-based real estate company TARC for FY21-23, citing a disclosure by the company which may have been 'detrimental to the interest of investors'.
1 min
Platform proposed for tracking unclaimed mutual fund folios
BRINGING BACK TO LIFE
1 min
FPI instruments with derivatives as underlying assets barred
THE SECURITIES AND Exchange Board of India (Sebi) has barred foreign portfolio investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying assets or using derivatives to hedge their ODIs in India in bid to curb regulatory arbitrage.
1 min
Sebi likely to relax AIF norms
● Participants asked to adopt accredited investors concept
2 mins
Transforming rural health systems
ADDRESSING THE RURAL-URBAN HEALTHCARE DIVIDE REQUIRES A SYSTEMS-FOCUSED APPROACH
4 mins
Wealth tax: A bad idea
More revenue is needed for health and education, but Piketty's recommendation is problematic
2 mins
The upkeep of urban infrastructure
Creative financial solutions, such as charging fees for high-emission vehicles, can help alleviate toll burdens for city natives while keeping urban infrastructure viable
3 mins
Porsche billionaires are in a tight spot, again
PORSCHE AUTOMOBIL HOLDING SE sure knows how to do drama. Last week, the listed holding of the Porsche and Piech families warned it may have to book up to €22 billion ($23 billion) of impairments amid a decline in the market value of its 31.9% stake in Volkswagen AG and 12.5% economic interest in the Porsche AG automaker.
3 mins
Emami versus HUL over 'Glow & Handsome'
In April this year, the Calcutta High Court restrained Hindustan Unilever (HUL) from using the 'Glow & Handsome' trademark for its men's fairness range following an application by Emami.
1 min
Line of control
● When should a brand stop trying to jolt the audience?
1 min
Broadcom's 'Nvidia moment' has arrived. Now it needs to deliver
Broadcom's massive rally after last week's earnings report is reminiscent of when Nvidia Corp. shares first started to take off back in 2023. The chipmaker now needs to prove it can follow through to become another giant of the artificial intelligence era.
2 mins
Markets slump over 1%
ALL MAJOR ASIAN markets ended in the red on Tuesday, a day ahead of the US Federal Reserve's meeting outcome.
1 min
China plans record budget deficit of 4% of GDP in 2025
• New plan compares with an initial target of 3% of 2024 GDP
1 min
TikTok turns to top US court in last-ditch attempt to avert ban
TikTok made a last-ditch effort on Monday to continue operating in the United States, asking the Supreme Court to temporarily block a law intended to force ByteDance, its China-based parent company, to divest the short-video app by Jan. 19 or face a ban.
1 min
Ukraine kills Russian chemical weapons chief in Moscow blast
A top Russian general accused by Ukraine of being responsible for the use of chemical weapons against Ukrainian troops was assassinated in Moscow by Ukraine's SBU intelligence service on Tuesday morning in the most high-profile killing of its kind.
1 min
Lanka bondholders sign off on $12.55-bn debt overhaul
SRI LANKA'S BONDHOLDERS SIGNED off on the government's proposal to restructure its $12.55 billion of international bonds, a key step in finalising the island nation's debt overhaul.
1 min
Wang, Trump raise prospects of US-China working together
CHINA'S TOP DIPLOMAT said on Tuesday he hoped the incoming Trump administration would \"make the right choice\" and work with Beijing, hours after Donald Trump told reporters the Covid-19 pandemic had strained his relationship with \"friend\" Xi Jinping.
2 mins
Trudeau govt adrift after FM quits, Trump tariffs loom
The abrupt resignation of Canada's finance minister leaves the government adrift less than a month before the inauguration of a new US administration that could impose crippling sanctions on Canadian exports.
1 min
EPFO weighs higher equity investments
IN FY23, the interest rate was fixed at 8.15% and 8.10% in FY22.
2 mins
KYC masking to go live on Jan 20
DEADLINE EXTENDED; BIG RELIEF TO BANKS & FINTECHS
1 min
Indian firms use euro, yen swaps
ECB president Christine Lagarde hinted at a bigger 50 basis point rate cut to buffer the euro zone economy
1 min
SME IPOs fetch rich returns in Dec
THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.
1 min
DPIIT inks pact with HDFC Bank to help startups
THE DEPARTMENT FOR Promotion of Industry and Internal Trade (DPIIT) on Tuesday said it has inked pacts with HDFC Bank and Tally Solutions to help startups growth.
1 min
PM: Cong fanned water disputes among states
PRIME MINISTER NARENDRA Modi on Tuesday said all homes in Rajasthan will soon have tap water, attacking the Congress party over water disputes between states.
1 min
Panel suggests LS elections template for entrance tests
DRAWING PARALLELS WITH the conduct of general elections, a high-level committee set up by the Education ministry and chaired by former Isro chief K Radhakrishnan has proposed a similar framework for holding important national entrance tests to ensure transparency.
1 min
The world's busiest airline routes in 2024 are largely in Asia
● Leisure continues to outshine corporate trips
1 min
IIT-Madras to offer fine arts, culture courses
In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.
1 min
Not even 2% work-linked higher education courses yet: Report
EDUCATION-INDUSTRY MISMATCH
1 min
Financial Express Chandigarh Newspaper Description:
Utgiver: The Indian Express Ltd.
Kategori: Newspaper
Språk: English
Frekvens: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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