Financial Express Ahmedabad - March 11, 2025Add to Favorites

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March 11, 2025

Irdai chief post: Govt invites applications

THE GOVERNMENT HAS invited applications for the post of chairperson of the Insurance Regulatory and Development Authority of India (Irdai) ahead of the completion of incumbent Debasish Panda's tenure on March 13.

1 min

Finmin mulls raising deposit insurance limit

The Deposit Insurance and Credit Guarantee Corporation (DICGC) may raise the deposit insurance limit beyond the existing ₹5 lakh, considering its financial position and the overall stability of the country's banking system, finance minister Nirmala Sitharaman informed Parliament on Monday.

1 min

Govt's FY25 spending to exceed revised estimate

THE CENTRE ON Monday sought Parliament's approval for net additional spending of ₹51,463 crore in the second batch of supplementary demand for grants for FY25, which could lead to government expenditure exceeding the revised estimate (RE) of ₹47.16 lakh crore, sources said.

1 min

Govt portal to give real-time data on job creation soon

THE GOVERNMENT IS likely to publish integrated real-time employment data on the 'Prayas' portal soon.

1 min

Parliamentary panel on railways calls for PPP push

TO REDUCE ITS dependence on gross budgetary support (GBS) from the central government, the Parliamentary Standing Committee on Railways has urged the ministry of railways to intensify its focus on public-private partnership (PPP) projects.

2 mins

India Adds 25.2 GW Solar Power in 2024

India added 25.2 gigawatts (GW) of solar power capacity in the calendar year 2024, significantly higher than the 8.3 GW installed in 2023, a recent report by Mercom on the solar market showed.

1 min

Prices of veg, non-veg thali down 5% in February: Crisil

THE COST OF vegetarian and non-vegetarian thali declined by 5% on-month in February due to lower vegetable and broiler prices, a report by Crisil Market Intelligence and Analysis said on Monday.

1 min

Record 115 MT wheat output seen

Taking Stock

2 mins

Stop asking for tax cuts, Gadkari tells India Inc

UNION MINISTER NITIN GADKARI on Monday asked the industry not to perpetually demand a reduction in taxes as the government needs funds to implement welfare schemes for the poor.

1 min

Broken rice exports to W Africa, Indonesia markets set to rise

THE GOVERNMENT'S MOVE to lift the ban on broken rice exports—the last of the restrictions on the shipments of the grain—is likely to aid market expansion in west African countries, including Gambia, Benin and Senegal, and Indonesia in the next fiscal, according to exporters.

1 min

Air India flight returns to Mumbai following bomb threat

A NEW YORK-BOUND Air India flight, carrying 303 passengers, returned to the city on Monday morning after being airborne for nearly nine hours following a bomb threat, according to officials.

1 min

Chhattisgarh liquor scam: ED raids premises of former CM Baghel, son

The Enforcement Directorate (ED) on Monday conducted searches at 14 locations in Chhattisgarh's Durg district, including the residence of former chief minister Bhupesh Baghel and his son Chaitanya, in connection with an alleged liquor scam.

1 min

Vanuatu PM orders cancellation of Lalit Modi's passport

The Indian High Commission had reached out to authorities in Vanuatu and made them aware about Lalit's antecedents and cases of economic offences pending against him

2 mins

NEP issue stalls Parliament as DMK MPs, Pradhan spar

The ongoing war of words between the ruling BJP and DMK led to disruptions in the Lok Sabha on Monday, with Union education minister Dharmendra Pradhan forced to withdraw certain remarks following protests by Tamil Nadu MPs.

3 mins

Gen AI funding in India rises to $400 million in 2024

FUNDING IN GENERATIVE AI rose to around $400 million last year, from $250 million in 2023, as more AI-enabled applications and platforms found product-market fit within enterprise work flows, a report by Bain & Company and Indian Venture Capital Association said.

1 min

Fitch Downgrades Adani Energy Arm

FITCH RATINGS HAS downgraded the outlook for Adani Energy Solutions (AESL) to negative on concerns that US investigations could reveal its governance weakness and affect financial stability.

1 min

BluSmart Targets to Turn Profitable in 5-6 Quarters

EV CABAGGREGATOR BluSmart is likely to turn profitable in the next five to six quarters, according to the guidance given by its management recently to a group of investors.

1 min

Icra pegs CV sector growth at 3-5%

Upswing In Sight

1 min

Apple begins hiring for new India stores

Expansion Push

1 min

Cars24 Forays Into New Car Sales With Super App

Cars24 on Monday entered the new car sales space by launching a platform that aggregates automobile dealerships and manufacturers.

1 min

Noida Airport opening delayed to June qtr: Zurich Airport CFO

THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.

1 min

Godrej Consumer opens ₹515-cr Chennai unit

GODREJ CONSUMER PRODUCTS (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of ₹515 crore.

1 min

2W dealers anxious as new norms from Apr 1; no clarity on old stock

The next stage of regulatory compliance for two- and three-wheelers is set to kick-start on April 1, 2025.

2 mins

Indices Fall on Tariff Concerns; VIX Jumps

SHARES ENDED LOWER on Monday, with the broader market seeing sharper cuts, as concerns over US tariffs and the ongoing market decline kept investors on edge.

1 min

NCLAT upholds nod to ICICI Sec delisting

THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) on Monday dismissed appeals challenging the National Company Law Tribunal's order that had allowed ICICI Securities to proceed with its proposal to delist from the stock exchanges.

1 min

Goldman Trims 12-Month Nifty Target to 25,500

GOLDMAN SACHS HAS reduced its 12-month target for the Nifty by around 5.6% to 25,500 from the previous target of 27,000, representing around 12% potential upside from Monday's level of 22,460.

1 min

Rupee Records Biggest Fall in 2 Weeks

Steep Decline

1 min

Demat account additions in Feb at 21-month low

THE ADDITION OF demat accounts in February fell to a 21-month low at 2.26 million, even though their total number surpassed the 190-million mark, according to data from CDSL and NSDL.

1 min

Top realtors corner LRD loans at cheaper rates

WITH THEIR CREDIT profiles rising despite largely stagnant interest rates, top commercial property developers have been able to borrow against rent receivables at a rate lower by 75-to-100 basis points in the past year.

2 mins

Mark Carney wins race to lead Liberal Party, and Canada

FORMER CENTRAL BANKER Mark Carney won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday.

1 min

Over 82% USAID projects cancelled

SECRETARY OF STATE

1 min

In trade war with US, China deploys food as weapon

CHINESE TARIFFS ON a slew of American farm products have officially come into effect, the latest retaliation in the unfolding trade war between the world's top two economies.

1 min

Pakistan Holds Key Rate for First Time in a Year

PAKISTAN UNEXPECTEDLY HELD its benchmark rate for the first time in almost a year, with policymakers flagging risks to inflation from global trade disruptions and volatile food prices.

1 min

'Account discrepancy to hit net worth'

EARLIER IN THE DAY, shares of IndusInd Bank plunged nearly 6% intraday to their lowest level since July 2022 after the RBI granted CEO Sumant Kathpalia only a one-year extension, against the board application for three years.

1 min

Rural, q-comm boom may push FY26 retail hiring...

\"SALARIES OFFERED ARE at least 5-10% higher than industry standards, with companies also asking prospects if they are ready to migrate to other locations to fill up positions,\" Arora said.

1 min

Poverty of ambition

Zero tariffs for US drugs cost little but Indian firms must look beyond branded generics, seek R&D-driven growth

2 mins

Strengthening higher education

NITI Aayog focus on raising quality of state public universities is welcome, but it must not neglect support to self-financed higher education institutions

3 mins

Infosys: Accelerating delivery excellence

The company is powering mega-deals through partnerships

2 mins

Data find clues to hidden water-ice on the moon

Chandrayaan-3 Data Findings

2 mins

How a personal problem led to a solution for many

IN 2014, A year after graduating from IIT Roorkee, life for Harshil Mathur and Shashank Kumar was all about taking the familiar course of working in large global corporations abroad.

4 mins

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