Financial Express Chandigarh - January 02, 2025
Financial Express Chandigarh - January 02, 2025
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January 02, 2025
Rupee Continues Its Slide to New Low; Nudges Towards 86 Mark
The rupee continued its slide on Wednesday, slipping to a new all-time low of 85.6488 against the dollar, 4 paise or 0.05% weaker than Tuesday's closing of 85.6087.
1 min
2024 Was Warmest Since 1901; Jan 2025 to Be Relatively Warm
THE YEAR 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degree Celsius above the long-period average, Mrutyunjay Mohapatra, director general of the India Meteorological Department (IMD), said on Wednesday.
1 min
Nagaraju to PSBs: Speed up resolution of grievances
STRESSING THAT ANY laxity in grievance redressal is against the ethos of customer service and diminishes the brand value of the organisation, financial services secretary M Nagaraju has directed public sector banks (PSBs) and insurance companies (PSICs) to address public grievances sincerely in a time-bound manner.
1 min
IREDA loan disbursements up 41%
STATE-OWNED INDIAN RENEWABLE Energy Development Agency (IREDA) sanctioned loans worth ₹31,087 crore in the third quarter of the current financial year, up 129% from ₹13,558 crore in the same period last year, according to provisional data provided by the company.
1 min
Two crop insurance schemes to run till FY26
• Total allocations for PMFBY & RWBCIS for FY22-26 raised to ₹69,515 crore
3 mins
Govt cuts jet fuel price by 1.5%, commercial LPG by ₹14.5/cylinder
The price of jet fuel, or ATF, on Wednesday was reduced by 1.5% and the rate of commercial LPG that is used in hotels and restaurants was cut by ₹14.5 per 19-kg cylinder in the monthly revision done in line with benchmark international prices.
1 min
FY25 tobacco exports to top ₹13,000 cr
Higher yields & prices drive growth; no increase in area under tobacco cultivation
2 mins
18 Former MoS, 12 Ex-MPs Still Have Security
Audit Finds No Security Review Done in a Long Time
2 mins
Bangladesh rewrites textbooks on 1971 liberation war: Report
TEXTBOOKS IN BANGLADESH will now state that Ziaur Rahman—not ‘Bangabandhu’ Sheikh Mujibur Rahman—declared the country's independence in 1971, The Daily Star reported on Wednesday.
1 min
Electronics Sector Seeks Cut in Duties, Tariff Slabs
Run-Up to the Budget
1 min
India & Pak share list of nuclear units
INDIA AND PAKISTAN on Wednesday exchanged a list of their nuclear installations under a bilateral pact that prohibits the two sides from attacking each other's atomic facilities.
1 min
TMC Committed to Service Over Power
THE TMC on Wednesday observed its 28th foundation day, with party supremo and West Bengal chief minister Mamata Banerjee asserting that after over two decades of protests, victories, and challenges, the party's core belief remains that politics is not about power but about service to people.
1 min
UP minister and Apna Dal leader alleges threat from special task force
UTTAR PRADESH CABINET minister Ashish Patel has accused the state special task force of \"conspiring\" against him and alleged a threat to his life from the agency.
2 mins
BJP Planning To Demolish Temples In Delhi: Atishi
DELHI CHIEF MINISTER Atishi accused the BJP on Wednesday of planning to demolish Hindu temples and a Buddhist site in various areas of the city, even as the saffron party refuted the charge, alleging that she is trying to \"disturb\" communal harmony by making such a statement.
1 min
Q-comm delivers record sales on New Year's Eve
Quick Commerce Firms
2 mins
AI first airline to roll out Wi-Fi on domestic fleet
AIR INDIA HAS covered a lot of ground since privatisation and its global coverage will further increase in the years ahead, the airline's chief Campbell Wilson said on Wednesday.
1 min
India Poised to Lead Global Supply Chains: Anand Mahindra
INDIA HAS THE potential to significantly bolster its economic stature and establish itself as a pivotal player in the global supply chain, according to Mahindra Group chairman Anand Mahindra.
1 min
SUV demand puts Dec PV sales in the fast lane
Sales hit 4.3 million in 2024, marking 4.8% growth
2 mins
Accel raises $650 million for eighth India fund
ACCEL HAS RAISED $650 million (₹5,500 crore) for its eighth India fund, according to the US Securities and Exchange Commission filings, seen by FE.
1 min
Zoomcar eyes expansion for newly launched cab service
Piloting Chauffeur-Driven Cabs
1 min
Nishant Pitti resigns as CEO of Easy Trip Planners
EASY TRIP PLANNERS, the parent company of online travel booking platform EasyMyTrip, announced the resignation of its CEO Nishant Pitti on Wednesday, adding that Pitti was stepping down for personal reasons.
1 min
Snapdeal trims FY24 losses by 43%
E-COMMERCE PLATFORM SNAPDEAL has reduced its losses considerably in FY24, despite near-flat revenue growth during the year.
1 min
New year brings stricter regulatory oversight for HFCs
WITH THE RESERVE Bank of India's (RBI) new guidelines coming into effect on Wednesday, housing finance companies (HFCs) are stepping into the new year under stricter regulatory oversight.
1 min
UPI Transactions Hit Record High in Dec; Value at ₹23.25L Cr
DIGITAL TRANSACTIONS CONTINUED their upward trend in December, with the number of transactions on the Unified Payments Interface (UPI) rising 8% month-on-month to hit a record of 16.73 billion, according to data from the National Payments Corporation of India (NPCI).
1 min
RPower Rallies as Arm Repays $150 Million to IIFCL, UK
RELIANCE POWER on Wednesday said its arm Sasan Power has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31.
1 min
Foreign flows into govt bonds to come off record highs
FOREIGN FLOWS INTO government bonds are set to decline in 2025, after spiking to a record high in 2024 as the debt got added to JPMorgan's emerging market debt index, investors said.
1 min
Banks' Loan Growth Drops for Fifth Straight Month in Nov
Banks' credit increased by 11.8% year-on-year in November, compared to a 16.5% rise in the same month in 2023, excluding the impact of HDFC Bank's merger with its parent, Housing Development Finance Corp, showed the latest data.
1 min
Indices begin 2025 on a high
• FPIs continue selling spree
2 mins
Mubadala pips PIF as top spender globally
ABU DHABI'S MUBADALA Investment was the world's most active sovereign wealth fund last year as it ramped up deal-making across everything from private credit to artificial intelligence (AI).
1 min
ECB Hopes to Hit 2% Inflation Target in 2025, Says Lagarde
The European Central Bank's (ECB) 2% inflation target is in sight, according to President Christine Lagarde.
1 min
US stocks fall to close out best two-year stretch since 1998
US STOCKS DECLINED in the final session of the year but still closed out the best two-year run since 1998.
1 min
Pakistan's inflation hits 81-month low of 4.1% in Dec
Path Towards Economic Recovery
2 mins
Begins 2-year non-permanent UNSC tenure
Pakistan began its two-year tenure as a non-permanent member of the United Nations Security Council (UNSC) on Wednesday, with Ambassador Munir Akram saying that the Pakistani delegation will play an \"active and constructive\" role in addressing key challenges facing the world.
1 min
Israeli forces strike Gaza city suburb
A DRIVER CRASHED his truck into a crowd at high speed in New Orleans' French Quarter in the wee hours of New Year's Day then opened fire, killing at least 10 people and injuring more than 35, city officials and police said.
1 min
Russia and Ukraine cease five decades of gas transit to EU
• Ukraine to give up long-held strategic position
2 mins
Virtual companions, real consequences
It is imperative to set up legal frameworks and ethical guidelines that safeguard users, especially those most vulnerable, from unintended consequences of AI
3 mins
An inspiration for India's Quantum Mission
THE SUCCESS OF Google is a shot in the arm for India's Quantum Computing Mission as this demonstrates the feasibility and great potential of quantum computing and will act a motivation to strengthen the ecosystem. India should speed up
1 min
Large quantum computers a reality in the near future
Quantum technology is poised for a significant leap forward, with advancements promising breakthroughs across various sectors. The development of fault-tolerant quantum systems is rapidly progressing, driven by innovations in scalability, stability, and error correction.
1 min
AI, Convergence, and Beyond
Firms poised to scale up AI deployments into full production
2 mins
Data protection rules get home ministry's nod
THE RULES WILL also detail specific provisions, such as consent management for minors and exemptions for certain entities or contexts.
1 min
Boost quality control, fix fair pricing: Shah to NCOL
Cooperation Minister Amit Shah on Wednesday directed National Cooperative Organic Ltd (NCOL) to strengthen quality control and establish fair pricing for its \"Bharat Organics\" brand as the government seeks to expand organic farming nationwide.
1 min
Dec GST mop-up at ₹1.77 lakh cr
MS MANI, PARTNER, Deloitte India said the significant increase in both domestic and export refunds indicates that the overall refund framework is now stable and its implementation on a sound footing.
1 min
From evolution to digital revolution
THE EYE GAVE Charles Darwin \"a cold shudder\". Writing in The Origin of Species, he struggled to explain how natural selection could create something so intricate.
5 mins
Agritech to create 80K jobs in 5 yrs: Teamlease
THE AGRI-TECH SECTOR is expected to create 60,000-80,000 new employment opportunities over the next five years, a senior executive of TeamLease Services said.
1 min
Regulation, deals, crypto: Fintech themes for 2025
THE CLOUDS THAT hung over the financial-technology industry in 2024 appear to be clearing as interest-rate cuts, recoveries in fintech stocks and promises of a looser regulatory environment in the second Trump administration paint a more promising outlook for startups.
2 mins
Bhopal gas tragedy: 40 yrs later, toxic waste leaves Union Carbide factory
FORTY YEARS AFTER the Bhopal gas tragedy, the shifting of some 377 tonne of hazardous waste began from the defunct Union Carbide factory on Wednesday night for its disposal, an official said.
1 min
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Yayıncı: The Indian Express Ltd.
kategori: Newspaper
Dil: English
Sıklık: Daily
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