Financial Express Kolkata - January 07, 2025
Financial Express Kolkata - 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
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
As fees stagnate, audit firms struggle to retain talent
Just 10% nominal rise in income over five years, real income growth negative
2 mins
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
Raising exemption limit on home loan interest to ₹5 lakh from ₹2L suggested
Raising exemption limit on home loan interest to ₹5 lakh from ₹2L suggested
2 mins
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 Charlapalli terminal station in Telangana, besides laying the foundation for the Rayagada railway division building in Odisha under the East Coast Railway.
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
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
CAPEX SLOWDOWN
1 min
Dam over Brahmaputra will not impact water flows to India: China
CHINA ON MONDAY reiterated its plan to build the world's biggest dam over the Brahmaputra River in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries -- India and Bangladesh.
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
Rabi sowing enters last phase, slightly above last-year level
ABOUT A WEEK left for the season to be over, sowing of rabi crops such as wheat, pulses, oilseeds and coarse cereals have crossed the year-ago level, even as oilseeds area has declined on year.
1 min
Centre eyes private capital for $107-bn 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
Services PMI at 4-month high
DEMAND BUOYANCY CONTINUES TO DRIVE GROWTH
1 min
Space Sector Funding Down 55%
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 Tracxn.
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
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
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
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
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. However, the government is not expected to bring the draft Digital India Act and regulatory framework around AI in a hurry.
3 mins
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
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
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
GAUTAM ADANI'S GROUP has teamed up with Thailand's Indorama Resources for a foray into the petrochemical business as the ports-to-energy conglomerate looks to expand in adjacencies.
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
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
Bank shares plunge up to 8% amid weak business updates
Historically, the third quarter is not a great one for banks
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
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
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
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
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
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
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
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
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
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
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. Don't give up hope.
3 mins
In search of a growth driver
DIFFICULT TO IDENTIFY A SECTOR THAT HAS POTENTIAL TO LIFT ECONOMY TO A HIGHER TRAJECTORY
4 mins
Weak drivers
Budget should have measures to resuscitate the middle class
2 mins
Judicial Overreach Unwarranted
High Court Order Staying Religare Enterprises AGM Risks Undermining Shareholder Rights, Regulatory Authority, and Market Confidence
3 mins
Banks: Slower loan growth a worry
Asset quality concerns ease
2 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
Consent Manager Framework: A Key Big Tech Concern
CONSENT MANAGERS MUST meet stringent registration criteria, including being based in India with a minimum net worth of ₹2 crore and implementing robust security measures to prevent data breaches.
1 min
Eight jawans among 9 killed in Naxal attack
IN THEIR BIGGEST strike on security forces in Chhattisgarh in two years, Naxals blew up a vehicle using an improvised explosive device weighing 60 to 70 kg, killing eight security personnel and their civilian driver in Bijapur district on Monday, police said.
1 min
Banks, NBFCs See Hit To...
THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.
1 min
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index’s target to 620 from 630, as per a Bloomberg report.
2 mins
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
1 min
Q-comm boost to gig worker hiring in 2025
THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.
1 min
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 Kolkata 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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