Financial Express Chennai - December 19, 2024Add to Favorites

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December 19, 2024

Sebi tightens SME listing regulations

• Performance validation agency PaRRVA set up

2 mins

Trump threatens to impose reciprocal tariffs on India

US PRESIDENT-ELECT DONALD Trump has said that India charges \"a lot\" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.

2 mins

2W sales skid sharp 19% in Dec

FIRST FALL IN TWO YEARS

1 min

H-1B overhaul a boon for Indian techies

THE US GOVERNMENT on Tuesday announced major reforms in its popular H-1B visa programme, a move that is expected to help thousands of Indian tech professionals, reports Manu Kaushik.

1 min

NHPC in talks with Bhutan for hydel JV

STATE-RUN NHPC IS in discussion with the Bhutan government to form a joint-venture company to undertake hydropower projects in the Himalayan country, a senior executive of the Indian hydropower major told FE.

1 min

Trump tariff threats to open market access talks

Experts call for a targeted reduction of levy by India, with policies to boost manufacturing

3 mins

Investments will drive FY26 growth to 6.6%: Ind-Ra

INDIA RATINGS AND Research (Ind-Ra) has projected India's economy to grow 6.6% in FY26, which is 20 basis points (bps) higher than its forecast for FY25, driven by a pick-up in investments.

1 min

Will GST Council play Santa? All eyes on Saturday's meet

Finance ministers of states will also make pre-Budget proposals

2 mins

Number of independent directors on corporate boards on the rise

In FY24, the number of corporate boards in India with over 51% independent directors increased to 50, up from 30 in FY21, according to a survey by Excellence Enablers. The number of women directors, however, declined.

1 min

Net direct tax collections grow 16% to ₹15.82 lakh cr

NET DIRECT TAX collection grew 16.45% year-on-year to over ₹15.82 lakh crore till December 17 this financial year, buoyed by higher advance tax mop-up, government data showed.

1 min

Rental housing norms for factory workers this week

● Developers may get 40% viability gap funding

1 min

'Unusual' surge in November gold imports under govt lens

'SHINING' NUMBERS MAY BE REVISED

2 mins

Explore ties with foreign cos to bridge tech gap: House panel to BSNL

A PARLIAMENTARY PANEL on Wednesday recommended that state-owned BSNL should explore ties with foreign tech firms to address issues in the deployment of indigenous technology.

1 min

Red flags as SECI says Azure capacity given to Adani in 'public interest'

IN WHAT HAS raised red flags in the new Andhra Pradesh government led by TDP's N Chandrababu Naidu is a submission by the central government-undertaking Solar Energy Corporation of India (SECI) to the apex electricity regulator that the transfer of 2,300 megawatt solar capacity from Azure Power to Adani Green Energy was made in larger \"public interest\".

1 min

Subsea cables: Big Tech may get govt support

Focus now on establishing repair & maintenance infra

2 mins

Country Delight starts 10-15 minute delivery

DIRECT-TO-CONSUMER dairy and daily essentials brand Country Delight has become the latest entrant to the 10-15 minute delivery space.

1 min

Infosys inaugurates ₹426-cr development centre in Bengal

INFOSYS, THE COUNTRY'S second-largest IT services firm, on Wednesday inaugurated a state-of-the-art development centre in New Town, Kolkata, marking a major milestone in West Bengal's IT growth story.

1 min

New chapter: LEAD Group eyes premium schools

PINNACLE PLAN

1 min

Chinese auto parts imports flat in H1

IMPORTS OF CHINESE auto components, which used to be quite high till a few years ago, are now seeing their growth rate plateauing.

1 min

Amazon sells Shoppers Stop stake for ₹276 cr

GLOBAL E-COMMERCE GI-ANT

1 min

Mobikwik debuts at 58% premium; ends opening day with 90% gains

Vishal Mega Mart sees over 40% gains in opening trade

1 min

Offshore instruments rule adds to compliance burden for FPIs: Experts

Negligible trades with derivatives as underlying assets in last three years

1 min

Shriram Group arm raises $1.28-bn loan

SHRIRAM FINANCE (SFL), the flagship company of the Shriram Group, raised $1.277 billion in multiple currencies, including dollar, euro and dirham (AED), through an external commercial borrowing (ECB) loan transaction.

1 min

Rupee moves closer to 85/$

THE RUPEE HIT another fresh low of ₹84.96 to a dollar on Wednesday, as there was buying demand from foreign portfolio investors and importers ahead of the US Federal Reserve's policy announcement, wherein there are expectations of a 25 basis point (bps) rate cut.

1 min

Indices extend losing streak for third consecutive session

BENCHMARK INDICES FELL up to 0.62%, continuing their losing streak for the third straight session, as investors remained cautious ahead of the US Federal Reserve meeting outcome.

1 min

UK inflation hits 8-month high in Nov

BRITISH INFLATION HIT an eight-month high in November, but the rise in services prices - watched closely by the Bank of England (BoE) as an underlying measure of inflationary pressures - held steady, offering the central bank a little bit of relief.

1 min

Musk, SpaceX face federal reviews over security issues

ELON MUSK AND SPACEX face at least three federal reviews over whether they have complied with federal reporting rules aimed at protecting national security, the NYT reported on Tuesday.

1 min

Guardian's Observer, oldest Sunday paper, sold to Tortoise Media

THE OWNER OF Britain's Guardian newspaper confirmed on Wednesday that it has sold The Observer, the world's oldest Sunday newspaper, to Tortoise Media for an undisclosed fee.

1 min

Walmart has a tough battle ahead in India

E-COMMERCE IN INDIA is a political and regulatory minefield. US consumer giant Walmart Inc.—which has been waiting to launch the much-anticipated initial public offering of the online marketplace it acquired for $16 billion six years ago—has had its patience tested.

2 mins

Board observers in the spotlight

AT PRESENT, RBI DOES NOT SEE ANY MIDDLE GROUND FOR NBFC INVESTORS ACTING AS OBSERVERS

4 mins

AI offers a wide range of benefits for SMEs

AI offers a wide range of benefits for SMEs

2 mins

Drones deliver new hope to farmers

Aerial tech enhances farming efficiency, can tackle workforce woes

2 mins

Enhancing customer journey in the cloud

ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools. The new services are integrated with Oracle's product development teams to help firms maximize the value of their cloud investment.

1 min

Opposition seeks Shah's resignation

PM defends HM; slams Cong & its 'rotten ecosystem'

2 mins

2W sales skid sharp 19% in Dec

“TWO-WHEELER SALES did very well in October and November on the back of festival and wedding season. Though the wedding season lasted till December 15, consumers may have advanced their purchases,” dealers told FE.

1 min

Trump threatens to impose reciprocal tariffs on India

HE MADE THE remarks while responding to a question on a potential trade agreement with China.

2 mins

Sebi tightens SME IPO rules

SEBI also cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE) by increasing the threshold for identification of HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introduced a sunset clause governing corporate governance of debt-listed securities.

1 min

Free healthcare for senior citizens: Kejriwal

AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power. The scheme, called Sanjeevani, will not have an income cap for eligibility, he said.

1 min

Navy boat hits ferry off Mumbai coast, 13 dead

A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday. At least 13 people were killed in the incident, officials said, adding that the rest have been rescued.

1 min

US announces H-1B visa overhaul, Indian techies to benefit

HOW THE MOVE WILL BENEFIT INDIA

2 mins

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