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Financial Express Lucknow

Panel to flag bad loans

To improve the resolution process, banks have been instructed to closely monitor the top 20 NCLT cases at the MD level, with senior officials, not below the rank of GM, required to attend proceedings.

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1 min  |
December 13, 2024
Financial Express Lucknow

India needs $2.2-trn infra investment by 2030: Report

INDIA WILL REQUIRE an investment of $2.2 trillion for infrastructure development to become a $7-trillion economy by 2030, Knight Frank India said on Thursday, while stressing the need for radical measures to encourage private participation in this area.

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December 13, 2024
Financial Express Lucknow

T+0 settlement has few takers

An assessment of Sebi had found that over 90% of equity delivery trades were conducted with advance deposits of cash and securities

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1 min  |
December 13, 2024
Bluestone files papers for IPO
Financial Express Lucknow

Bluestone files papers for IPO

INTERNET FIRST JEWELLERY brand Bluestone has filed the draft documents for an initial public offer (IPO) with Sebi to raise funds through a combination of fresh issue and offer for sale.

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1 min  |
December 13, 2024
Financial Express Lucknow

Samsung accuses CCI of illegal raid

The entire search exercise undertaken is patently illegal and any material collected hereunder should not be relied upon and should be promptly returned,\" the Indian unit of Samsung Electronics wrote.

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December 13, 2024
Financial Express Lucknow

Switch Mobility drives in 2 e-buses

SWITCH MOBILITY—THE EV subsidiary of Ashok Leyland has introduced a new electric bus Switch EiV12, claimed to be India's first with chassis-mounted batteries, and having a scalable battery capacity of over 400 kWh.

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December 13, 2024
Financial Express Lucknow

Makers of auto parts in a fix over EV switch

AUTO COMPONENT MANUFACTURERS, who were asked to set up factories by their clients to support the electric vehicle evolution, find themselves in a tough spot as automakers pivot back to traditional petrol and diesel engine technologies.

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December 13, 2024
Financial Express Lucknow

Realtors build hopes on new cities, more launches after tepid H1

EXPERTS SAY DEMAND HIGH, BUT PRICING KEY TO SALES

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2 mins  |
December 13, 2024
Inflation eases sharply to 5.48% in Nov
Financial Express Lucknow

Inflation eases sharply to 5.48% in Nov

THE DECLINE IN Indian inflation is when globally many economies have again started experiencing price pressures and China is looking at easing monetary policy through 2025 to simulate growth.

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December 13, 2024
Financial Express Lucknow

Equity oil, rather than exploration, at core of overseas strategy now

WE ARE LOOKING INTO COST OPTIMISATION, MAXIMISING PROFITS, AND IMPROVING PROJECT TIMELINES

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December 13, 2024
Financial Express Lucknow

Rebel Foods raises $210 mn in round led by Temasek

CLOUD KITCHEN OPERATOR

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1 min  |
December 13, 2024
Zomato gets fresh ₹803-cr tax notice
Financial Express Lucknow

Zomato gets fresh ₹803-cr tax notice

FOOD DELIVERY MAJOR Zomato on Thursday said it has received a GST demand order of ₹401.7 crore for non-payment of the tax on delivery charges between October 29, 2019, and March 31, 2022.

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December 13, 2024
Financial Express Lucknow

RIL, Rosneft ink mega $13-bn oil supply deal

● Russian oil major to supply 500K barrels of crude a day

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2 mins  |
December 13, 2024
Financial Express Lucknow

Blinkit forays into quick food delivery market with Bistro

ZOMATO-OWNED BLINKIT is entering the quick food delivery space with its new offering Bistro, aiming to compete with Zepto Cafe and Swiggy's Bolt.

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1 min  |
December 13, 2024
Financial Express Lucknow

Goyal: Talks with EU need political push

THE NEGOTIATIONS ON a free trade agreement (FTA) with the United Kingdom will resume by the end of January after remaining suspended since May this year because of elections in both the countries, a senior official said on Thursday.

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December 13, 2024
Financial Express Lucknow

Goyal: Talks with EU need political push

THE FREE TRADE negotiations between India and the EU have reached a stage where they require political directions to arrive at a meaningful deal while understanding the sensitivities of each other, commerce and industry minister Piyush Goyal has said.

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1 min  |
December 13, 2024
Financial Express Lucknow

FTA negotiations with UK to resume by Jan-end: Official

The negotiations on a free trade agreement (FTA) with the United Kingdom will resume by the end of January after remaining suspended since May this year because of elections in both the countries, a senior official said on Thursday.

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December 13, 2024
Financial Express Lucknow

Cabinet clears Bills for joint LS, Assembly polls

To be tabled in Parliament in the ongoing session

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1 min  |
December 13, 2024
Financial Express Lucknow

Corporate India in a sweet spot, to scale up capex

Private-sector capital expenditure has not been up to expectations, despite robust corporate profits. Companies are now in a \"sweet spot\" and will expand capacity to meet demand,

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2 mins  |
December 13, 2024
Govt seeks Parliament nod for ₹44,143-crore extra spending
Financial Express Lucknow

Govt seeks Parliament nod for ₹44,143-crore extra spending

ADDITIONAL OUTLAYS FOR PM KISAN, FERTILISER SUBSIDY, AGRI INFRA

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1 min  |
December 13, 2024
Financial Express Lucknow

India needs to boost reforms, says World Bank chief economist

WORLD BANK CHIEF economist Indermit Gill has urged India's policymakers to accelerate structural reforms, as changes needed to transition to a high-income country are not taking place quickly enough.

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December 13, 2024
Financial Express Lucknow

IIP growth rises to 3-month high of 3.5% in October

● Manufacturing, electricity, consumer durables fare better

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2 mins  |
December 13, 2024
Financial Express Lucknow

Safeguard duty on steel under consideration, says ministry

● Govt releases standards for green steel; product may get priority in public procurement

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2 mins  |
December 13, 2024
Financial Express Lucknow

HDFC Bank's investment banking gets Sebi warning

MARKETS REGULATOR SECURITIES and Exchange Board of India (Sebi) has issued an administrative warning letter to HDFC Bank alleging non-compliance of some provisions related to its investment banking operations.

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1 min  |
December 13, 2024
Financial Express Lucknow

US hotels welcome Indian tourists with chai, samosa

US HOTELS AND travel companies are aiming to tap a surge in Indian tourists to boost revenue as domestic leisure spending falters and demand from East Asian countries remains below pre-pandemic levels.

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1 min  |
December 12, 2024
Financial Express Lucknow

Pushpa 2 hits ₹1,000-crore milestone at global BO

ALLU ARJUN'S PUSHPA 2: The Rule has hit the milestone of ₹1,000 crore at the global box office in just six days, making it the fastest Indian film to register the feat.

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1 min  |
December 12, 2024
EY case puts spotlight on white-collar labour laws
Financial Express Lucknow

EY case puts spotlight on white-collar labour laws

● Decades-old laws largely focused on blue-collar workers

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1 min  |
December 12, 2024
Why international stars are pulling out of Hockey India League en masse
Financial Express Lucknow

Why international stars are pulling out of Hockey India League en masse

IN OCTOBER, WHEN the Hockey India League (HIL) player auctions were held, 96 international stars were snapped up by eight men and four women franchises. Now, with a fortnight left for the competition to begin, more than one-fourth of them have pulled out.

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2 mins  |
December 12, 2024
Financial Express Lucknow

Credit card issuance slows in Q1: Report

THE ISSUANCE OF new credit cards in the first quarter of FY25 declined by over 34% compared to the same period last fiscal—to 4.4 million from 6.7 million—according to the latest CreditScape report by CRIF High Mark.

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1 min  |
December 12, 2024
Financial Express Lucknow

MFs, pension funds must be active in corp bond market: Setty

STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.

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1 min  |
December 12, 2024