Financial Express Chennai - January 29, 2025
Financial Express Chennai - January 29, 2025
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January 29, 2025
India, Oman to amend tax treaty, speed up trade pact
INDIA AND OMAN on Tuesday signed a protocol to amend the Double Taxation Avoidance Agreement (DTAA) between the two countries and agreed to expedite the talks for early signing of Comprehensive Economic Partnership Agreement (CEPA).
1 min
Govt buys record 1.63 million tonne soyabean at MSP
WITH JUST A week left for the government's market intervention programme to conclude, the agencies Nafed and NCCF have purchased a record volume of 1.63 million tonne (MT) of soyabean across six states from farmers under the minimum support price (MSP) operations.
1 min
Lower taxes & follow fiscal path to drive urban consumption, economists to govt
TO ARREST THE slowdown being witnessed in urban demand, the Centre should announce a slew of targeted measures in the upcoming Union Budget for FY26, economists said.
2 mins
State of education report: Govt schools lead the way
The report points out that while almost all States (barring J&K and Nagaland) have shown a recovery in learning levels of Class 3 students when compared to 2022, the year children came back to school after the pandemic, states such as Haryana, Himachal Pradesh, Uttarakhand, Maharashtra, Odisha and Uttar Pradesh showed a 10-percentage point increase in reading levels in 2024 when compared to 2022.
2 mins
PM-JAY's free hospital care benefits cross ₹1.2 lakh cr
FREE HOSPITALISATION BENEFITS worth over ₹1.2 lakh crore have been provided to beneficiaries under the Pradhan Mantri Jan Arogya Yojana (PM-JAY) since the scheme was rolled out.
1 min
Panel to Mull Phasing Out Petrol, Diesel Vehicles in Mumbai
THE MAHARASHTRA GOVERNMENT has formed a seven-member committee to explore the possibility of banning petrol and diesel vehicles in Mumbai Metropolitan Region and allowing only CNG and electric vehicles in view of the city's worsening air quality.
1 min
Govt to invest ₹16k cr to develop critical minerals
THE MINES MINISTRY has earmarked nearly ₹16,000 crore to develop its critical minerals sector as the world's fastest-growing major economy aims to secure raw materials such as lithium, according to a source from the ministry.
1 min
Karnataka to focus on attracting investments in investors' summit
THE FOCUS OF the Invest Karnataka 2025 event scheduled next month is to bring investment and provide job opportunities in the state, the southern state's minister for large and medium industries M B Patil said on Tuesday.
1 min
IOC Sets Capex Target for FY26 at ₹33,000 Cr
Expansion on Cards
2 mins
Kerala IT Park to Offer 138 Acres of Vacant Lab for Developers, Firms
KERALA'S TECHNOPARK IS offering over 138 acres of vacant land on its campuses to companies and co-developers for launching and scaling up their big-ticket projects.
1 min
TVS Q3 profit rises 4% to ₹618 cr
TVS MOTOR COMPANY on Tuesday reported a modest 4% year-on-year increase in standalone net profit at ₹618.48 crore for the December 2024 quarter.
1 min
Honda Plans E-Mobike Plant in 2028
Firm hopes for leadership position in electric segment
1 min
Zepto Moves Base to India Ahead of IPO
QUICK COMMERCE MAJOR Zepto has moved its base to India from Singapore ahead of its initial public offering (IPO), the company's co-founder and CEO Aadit Palicha said on Tuesday.
1 min
Bajaj profit up 3% to ₹2.1K cr
EXPORTS OUTSHINE DOMESTIC SALES
1 min
VC fundraising muted at $2.8 bn in 2024
Fundraising by venture capital firms remained muted in 2024, much like the year before that.
1 min
Hyundai Misses Estimates, Dec Qtr Profit Down 19%
LOWER SALES IN the domestic market as well as exports, saw Hyundai Motor India (HMIL) posting an 18.6% year-on-year decline in its net profit for the October-December quarter at ₹1,161 crore.
1 min
Sets Sights on 50% Share in Global Motorcycle Market
Honda Motor is looking to capture half of the world's market for motorcycles as industrywide sales of two-wheelers, both gas and electric, are tipped to reach 60 million units annually by 2030.
1 min
Budget to lay the path to Viksit Bharat
TO REALISE THE vision of 'Viksit Bharat' by 2047, India needs to achieve a high growth rate in a sustained manner.
3 mins
Sri Lanka to Renegotiate Agreement with Adani
The Sri Lanka government will renegotiate the power purchasing agreement with Adani Green Energy for a 484 MW wind power project to bring the cost under $0.06 per unit, an official said on Tuesday.
1 min
JSW Energy misses Q3 estimates
JSW ENERGY REPORTED a 27% decline in net profit for Q3FY25 at ₹168 crore, compared to ₹231 crore in Q3FY24, missing analyst estimates of ₹347 crore.
1 min
Chip market to double by 2030: Report
INDIA'S SEMICONDUCTOR MARKET is projected to grow from $52 billion (₹4.5 lakh crore) in 2024 to $103.4 billion (₹9 lakh crore) by 2030, according to a report by the India Electronics and Semiconductor Association (IESA).
1 min
JSW Infra profit rises 32% in Q3
JSW Infrastructure on Tuesday reported a 32.35% rise in its consolidated net profit to ₹335.62 crore in the December quarter, driven by higher income.
1 min
IT firms see shift towards fixed-price contracts
THE CONTRIBUTION OF time and material (T&M) contracts to IT firms' revenues has been on a declining trend, reflecting a growing preference for fixed-price contracts.
1 min
Starlink Submits Acceptance on Key Licence Norms in India
FIRM SEEKS RELAXATION ON SOME CONDITIONS
2 mins
Swiggy shares briefly fall below IPO price, close in the green
SHARES OF FOOD delivery giant Swiggy fell as much as 5.12% intraday to ₹389.50 on Tuesday.
1 min
Tax officials search premises linked to 360 ONE, shares fall
THE INCOME TAX (I-T) department on Tuesday carried out searches at the business premises linked to 360 ONE WAM, formerly known as IIFL Wealth and Asset Management, and its founder, managing director and CEO Karan Bhagat. The searches, which began early morning, are related to charges of tax evasion, I-T officials said.
1 min
Well prepared for LCR, project finance guidelines
The top priority of Canara Bank in the coming quarters is to increase the provision coverage ratio (PCR) by four percentage points to 95%, something its peers have already achieved, MD and CEO K Satyanarayana Raju said.
2 mins
MobiKwik and Cred Launch CBDC Wallets
CRED, backed by Tiger Global and Peak XV, and MobiKwik have launched central bank digital currency (CBDC) wallets, marking the entry of non-bank platforms into digital rupee transactions.
1 min
Banks to benefit from easing of short-term borrowing cost
RELIEF TO BANKS, SHARES RISE
2 mins
Worst day for Re in nearly two weeks as tariff jitters lift dollar
THE RUPEE WEAKENED along with most of its regional peers on Tuesday as comments about trade tariffs from US President Donald Trump boosted the dollar a day after a selloff in US technology stocks had hurt the greenback.
1 min
Sebi Rejects Plea of Danny Gaekwad for Religare Open Offer
The Securities and Exchange Board of India (Sebi) on Tuesday returned Florida-based businessman Digvijay (Danny) Gaekwad's letter seeking permission to make a competing open offer for acquiring shares in Religare Enterprises (REL).
1 min
Could Trump end up with a limp dollar?
On a trade-weighted basis, the dollar is at close to the highest level it has ever been. Thus, on an objective basis, a decline would not be surprising
3 mins
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Yayıncı: The Indian Express Ltd.
kategori: Newspaper
Dil: English
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