Financial Express Mumbai - December 31, 2024
Financial Express Mumbai - December 31, 2024
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December 31, 2024
Passengers left in the cold as flight delays surge
Fleet build-up outpaces operational efficiency
2 mins
Adani Group to sell stake in Wilmar JV; to fetch $2 bn
ADANI ENTERPRISES (AEL) has decided to exit Adani Wilmar, the FMCG joint venture between its subsidiary Adani Commodities (ACL) and Wilmar International-owned Lence (Lence), to direct investments to its core infrastructure business, the firm said in an exchange filing on Monday.
1 min
FM Says Wishes To Do More For Middle Class
FINANCE MINISTER NIRMALA Sitharaman on Monday said that she wishes to 'do more' for the middle class, but highlighted that there are 'limitations' in providing relief through tax tweaks.
2 mins
RBI: Medium-term outlook uncertain
But investment scenario looking up, says governor
2 mins
Dove, hawk or owl?
SANJAY MALHOTRA, GOVERNOR, RBI
5 mins
Revised GMP norms for pharma firms to kick in from Jan 1
With the revised Schedule M guidelines for good manufacturing practices (GMP) to come into force from January 2025, and there's no likely extension of the deadline for meeting the new norms, the pharma sector is staring at a crisis situation.
1 min
Microfinance Faces Rising Delinquencies
THE MICROFINANCE SECTOR is showing signs of stress, with rising delinquencies across all types of lenders and ticket sizes, the Reserve Bank of India (RBI) stated in its latest Financial Stability Report.
1 min
NBFCs'loan growth moderates to 6.5%...
THE LOAN GROWTH of nonbanking financial companies (NBFCs) moderated in the first half of FY25 to 6.5% in September, according to the Reserve Bank of India's Financial Stability Report.
1 min
...while funding gap widens
Banks and non-banking financial companies (NBFCs) aggressively used certificates of deposit and commercial papers to address funding shortfalls, leading to increased money market spreads since July, according to the RBI's latest Financial Stability Report.
1 min
India Inc's Budget wish list: I-T relief & support for poor
Govt warned against sharper fiscal consolidation
2 mins
RBI red-flags worsening asset quality in unsecured loans
Growth in personal loans moderates post regulatory measures
2 mins
Mandi rates of pulses fall but retail prices high
RETAIL PULSES PRICES continue to rule firm despite a fall in mandi prices due to the arrival of kharif harvests and robust imports.
2 mins
Rooftop solar scheme: Rules for financial aid released
THE MINISTRY OF new and renewable energy (MNRE) has issued operational guidelines for implementing the payment security mechanism (PSM) and central financial assistance (CFA) for residential consumers through the renewable energy services company (RESCO) model and utility-led aggregation (ULA) model under the PM Surya Ghar Muft Bijli Yojana.
2 mins
External debt rises to $711.8 bn in Sept
INDIA'S EXTERNAL DEBT rose to USD 711.8 billion as of September this year, up 4.3 per cent over June 2024, as per the data released by the Finance Ministry.
1 min
India to push for banana exports to Russia
AFTER ACHIEVING SUCCESS in banana exports to Europe and West Asia, the government is now eyeing the Russian market, currently dominated by Ecuador, a senior official said on Monday.
1 min
Andhra CM approves projects worth ₹1.82 lakh cr
ANDHRA PRADESH CHIEF Minister N Chandrababu Naidu on Monday approved nine projects, which are set to bring in investments totaling Rs 1.82 lakh crore and are expected to generate 2.63 lakh jobs.
1 min
Government plans to double subsidy for chip design to ₹30 crore
The Ministry of Electronics and IT (MeitY) is working on a proposal to double the subsidy under the design-linked incentive (DLI) scheme, a key component of India's ₹76,000 crore semiconductor incentive programme.
2 mins
₹17,581 crore invested under PLI scheme: Govt
COMPANIES HAVE INVESTED Rs 17,581 crore under the production-linked incentive (PLI) scheme for specialty steel till October 2024, the government said on Monday.
1 min
Bata India set to roll out VRS scheme at Hosur facility in TN
BATA INDIA ON Monday said that it will introduce a voluntary retirement scheme (VRS) at its Hosur unit in Tamil Nadu.
1 min
IT firms may face cost hikes with H-1B overhaul
● Visa changes unlikely to become more restrictive
2 mins
Nissan turns to Honda to steer India operations out of crisis
Nissan faces decline in market share and fewer dealerships
2 mins
Festive cheer missing as retail sales growth slows, finds study
THE RETAIL SECTOR's festive sales growth failed to meet expectations this year, reflecting subdued consumer demand, according to the Retailers Association of India (RAI).
1 min
Future forward: How AI will redefine new year
ARTIFICIAL INTELLIGENCE (AI) is set to redefine industries in 2025, driven by advancements in agentic AI, smaller language models (SLMs), and domain-specific solutions.
2 mins
Adani Green Energy's CEO Amit Singh to step down
ADANI GREEN ENERGY'S chief executive officer Amit Singh will step down to take up the role of the chief of the international energy business of the Adani Group, the renewable energy firm said on Monday.
1 min
Growing regulatory scrutiny awaits e-commerce firms
KEY CHANGES SET TO RESHAPE OPERATIONAL LANDSCAPE
2 mins
Healthcare sector to touch $320 billion by 2028: Report
INDIA'S HEALTHCARE SECTOR is expected to reach $320 billion by 2028, said a report by 'Great Place to Work'. It added that the pharma sector is targeting to reach $130 billion by 2030, while the biotechnology sector is aiming to touch $300 billion by 2030.
1 min
Reliance seeks premium for KG block oil
RELIANCE INDUSTRIES IS seeking a premium of at least $3.5 per barrel over an international benchmark for crude oil it produces for eastern offshore KG-D6 block, according to the tender the firm put out on Monday.
1 min
BII Revises Investment in Mahindra's EV Firm
UK-BASED INVESTOR British International Investment (BII) and Mahindra & Mahindra (M&M) have mutually agreed for a downward revision of former's investment into M&M's electric vehicle making company.
1 min
Monday blues: Benchmark indices close in the red
IT WAS A ROLLER-COASTER ride for the benchmark indices on Monday.
1 min
Jefferies' Chris Wood Trims 4 Stocks to Bet on HDFC Bank
GLOBAL INVESTMENT FIRM
1 min
Omkara AMC acquires ₹750-cr stressed assets
OMKARA ASSET RECONSTRUCTION Company, which has gross assets under management (AUM) of nearly ₹16,000 crore, has acquired stressed assets worth ₹750 crore from two entities, comprising a total of over 4,000 retail accounts.
1 min
Rupee remains steady on likely RBI intervention
THE RUPEE REMAINED largely steady on Monday on likely intervention by the Reserve Bank of India (RBI), ending the day at 85.54 against the dollar.
1 min
SME IPOs Continue to See High Retail Interest
Retail investors in the country are increasingly placing their bets on small and medium enterprises (SME) IPOs rather than mainboard issues.
2 mins
10-Year G-Sec Yields May Ease to 6.60% by Mar: Tata AMC
The yield on the 10-year benchmark is expected to fall to 6.60% by the end of March and could fall further to 6.50%, Akhil Mittal, senior fund manager-debt at Tata Asset Management, told FE.
1 min
South Korea Orders Airline Safety Probe After Worst Domestic Crash
SOUTH KOREA'S ACTING President Choi Sang-mok on Monday ordered an emergency safety inspection of the country's entire airline operation as investigators worked to identify victims and find out what caused the deadliest air disaster on South Korean soil.
1 min
AI Becoming Ingrained in Biz Across Industries
Trends and Predictions
2 mins
Musk Trying to Influence Our Election: Germany
THE GERMAN GOVERNMENT accused US billionaire Elon Musk on Monday of trying to influence its election due in February with articles supporting the far-right Alternative for Germany (AfD) party, even though it suggested they amounted to \"nonsense\".
1 min
US Announces $6 Billion in Additional Military Assistance to Ukraine
THE UNITED STATES ON Monday announced nearly $6 billion in additional military and budget assistance for Ukraine as President Joe Biden uses his final weeks in office to surge aid to Kyiv before President-elect Donald Trump takes power.
1 min
Jimmy Carter, former US prez and Nobel winner, dies at 100
EGYPT-ISRAEL PEACE WAS HIS TOP DIPLOMATIC ACCOMPLISHMENT
1 min
Pak's 'largest' nuclear plant gets green nod
PAKISTAN IS SET to construct its largest nuclear plant for electricity generation after the country's atomic energy regulatory agency issued the licence for it.
1 min
H-1B Visa Power
Trump's endorsement is good news for India, which is the largest beneficiary of the H-1B visa
2 mins
Technology will make the pace of change even faster
ONE OF THE most reliable observations any opinion writer can make, myself included, is that the pace of change has accelerated. But in the last few years it actually has—as evidenced by the war and conflict around the world, the politics in the US and major advances in artificial intelligence.
3 mins
The economic consequences of Mr Trump
Keynes' criticism of Churchill's decision to restore the pre-war gold standard applies to the US president-elect's redrawing of American priorities
4 mins
Boost private consumption
UPCOMING BUDGET NEEDS TO RESET MEDIUM-TERM PRIORITIES, FOCUS ON HUMAN DEVELOPMENT
4 mins
IPCA Labs looks to revive US biz
To launch new divisions in high-growth areas
1 min
Hindalco: Earnings to stay range-bound
● Lower margin expectations for subsidiary Novelis
1 min
JSW Energy Ramps Up Renewables Play
Sets 20 GW capacity and 40 GWh storage target by 2030
2 mins
Mamata's Sandeshkhali outreach: Don't pay anyone for state benefits
ON HER FIRST visit to Sandeshkhali since protests erupted over alleged land grabbing and sexual harassment of women by local TMC leaders, West Bengal CM Mamata Banerjee on Monday asked its residents not to pay anyone to avail benefits of state-run schemes.
1 min
Bandh call by farmers halts Punjab, SC hearing today
A NINE-HOUR bandh call by protesting farmers under the banner of the Kisan Mazdoor Morcha (KMM) and the Samyukt Kisan Morcha-Non Political (SKM-NP) over several demands, including legal guarantee for MSP, brought Punjab to a halt on Monday.
1 min
Isro's PSLV-C60 lifts off with SpaDeX spacecraft
ISRO's PSLV-C60 rocket carrying two spacecraft that would aid in demonstration of space docking, a critical technology for future space missions, lifted off from the spaceport here late on Monday.
1 min
AI-based warfare, cyberattacks pose big challenge, says Rajnath
DEFENCE MINISTER RAJNATH Singh said on Monday that unconventional methods like Artificial Intelligence-based warfare and cyberattacks pose a big challenge.
1 min
₹18k a month for priests, granthis if AAP wins: Kejriwal
WITH AN EYE on Delhi's Pandit and Sikh voters, Aam Aadmi Party (AAP) national convenor Arvind Kejriwal Monday announced his fifth poll promise -- ₹18,000 a month to all pandits and pujaris working in temples and granthis in gurdwaras across the city if the party returns to power in the Assembly election next year.
1 min
Bears gain ground, bulls sober up
EARLY IN THE year a fund manager, with over three decades in the Indian stock market, lamented the art of stock picking had no value in today's market.
3 mins
Three shots that sank India in fourth Test
\"AAJ KAYA pehle waala? (Today's or the previous one?),\" Rohit Sharma queried when a question was asked about Rishabh Pant's shot in the final session on the final day that changed the game, even as India plunged to a 184-run defeat to Australia, bundled for 155 chasing 339 in the fourth innings at Melbourne.
2 mins
Financial Express Mumbai Newspaper Description:
Utgiver: The Indian Express Ltd.
Kategori: Newspaper
Språk: English
Frekvens: Daily
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