Financial Express Mumbai - December 10, 2024
Financial Express Mumbai - December 10, 2024
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December 10, 2024
CCI seeks SC hearing in e-comm antitrust case
THE COMPETITION COMMISSION of India (CCI) has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at multiple high courts, were aiming to scuttle the probe.
1 min
Malhotra to succeed Das as RBI governor
IN THE HOT SEAT
3 mins
AI places a follow-on order for 100 aircraft with Airbus
AIR INDIA HAS placed a follow-on order for 100 aircraft with Airbus on Monday, less than 20 months after a 470-plane deal with Airbus and Boeing.
1 min
Pharma cos unfazed by US developments
THE INDIAN PHARMA industry is not worried about the possible benefits for Chinese biotech firms following the exclusion of the Biosecure Act, aimed at blacklisting them, from a key US defence budget Bill.
1 min
Move to create income, boost 'insurance for all' goal: Modi
BESIDES CREATING INCOME opportunities, Life Insurance Corporation (LIC)'s new scheme to engage 200,000 women across the country to expand its business in three years will further strengthen the 'insurance for all' mission, Prime Minister Narendra Modi said on Monday.
1 min
NHAI raises ₹775 cr through green bonds
THE SPECIAL PURPOSE vehicle of the National Highways Authority of India (NHAI) has raised ₹775 crore through its maiden green bond issue to finance the Delhi-Mumbai Expressway.
1 min
Rajasthan investor summit draws ₹35 lakh-cr pledges
ADANI TO INVEST ₹7.5 LAKH CRORE; VEDANTA, AVAADA COMMIT ₹1 LAKH CR EACH
2 mins
Township for data centres likely: Goel
THE RAJASTHAN GOVERNMENT is planning a greenfield township to house data centres that can meet growing needs of artificial intelligence applications, commerce and industry minister Piyush Goyal said on Monday.
1 min
100,000 Bima Sakhis may be enrolled in 12 months
THE STIPENDIARY SCHEME launched by Life Insurance Corporation on Monday to engage women career agents (MCAs) could cost the insurer ₹845 crore in the first year while the new business generated by them is likely to be five-seven times the cost incurred, chairman Siddhartha Mohanty said.
1 min
Brookfield India REIT launches QIP issue to raise ₹3,500 crore
BROOKFIELD INDIA REAL Estate Trust on Monday launched its QIP issue to raise up to ₹3,500 crore by issuing shares to institutional investors.
1 min
Soros row: BJP, Cong trade charges
UPROAR OVER BJP's allegations linking top Congress leaders with US-based billionaire investor George Soros-funded organisations involved in \"anti-India\" activities rocked both houses of Parliament which failed to transact any legislative business on Monday, even as both parties traded charges.
1 min
Mahayuti govt wins trust vote in Maha assembly; Oppn boycotts Guv address
The trust motion, tabled by Shiv Sena MLA Uday Samant and others, was passed by a voice vote on the last day of the 3-day special assembly session
1 min
Delhi flags minorities' plight, Dhaka says internal issue
India calls for 'constructive' ties, says attacks 'regrettable'
2 mins
Oppn mulls impeachment resolution against Dhankhar
THE UNEASY RELATIONSHIP
1 min
Discounts on cars, SUVs get steeper ahead of year end
Best offers on 2023-made models
2 mins
First test flight lands at Noida airport
The first test flight, an IndiGo plane, is accorded a customary water salute upon its landing at the Noida International Airport amid ongoing trials, at Jewar in Gautam Buddha Nagar, Uttar Pradesh, on Monday.
2 mins
Vodafone Idea to raise ₹1,980 cr from parent
VODAFONE IDEA ON Monday said its board has approved the issuance of up to 1.75 billion shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore.
1 min
LG India paid ₹323 cr in royalty to parent in FY24
LG ELECTRONICS INDIA, which filed its offer document last week for a $1.8-billion initial public offering (IPO), paid 2.3-2.4% of sales in royalty to its parent in FY24, totaling ₹323 crore, its draft red herring prospectus (DRHP) showed.
2 mins
Tata Motors, Kia announce price hikes
TATA MOTORS AND KIA India on Monday announced plans to hike vehicle prices from January to offset the impact of rising input costs.
1 min
Jewar land prices may rise by 50% in 6 years
JEWAR, A SMALL town along the Yamuna Expressway, is emerging as one of the fastest-growing real estate micro markets because of the upcoming international airport leading to a 40% appreciation in land prices in the last five years.
1 min
BookMyShow FY24 profit rises 28% to ₹109 cr
BookMyShow's net profit grew 27.6% to ₹108.63 crore in the financial year 2023-24 (FY24) from ₹85.11 crore in the last fiscal year (FY23).
1 min
Zaggle aims to double revenue by next fiscal
Firm evaluating acquisition opportunities
1 min
AI's rise driving demand for computers: Lenovo
THE transition from Windows 10 to Windows 11, and a lifecycle upgrade following the pandemic is boosting the demand for personal computers (PCs), Ashish Sikka, Lenovo India's director and category head, told FE.
1 min
Livguard looks to incur ₹3,360-cr capex in 5 yrs
The energy storage firm plans to raise around ₹1,697 cr-₹2,121 cr in the next financial year, which will be used for increasing production capacity at its new facilities
1 min
MapmyIndia parent to not invest in outgoing CEO firm
CE INFO SYSTEMS, the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback, with its shares closing 16% higher.
1 min
Master of the finest balancing act
Despite not succeeding in sending the inflation 'elephant' back to the jungles, he was able to resist the rate cut pressure
3 mins
RBI's proposals could drive up credit costs
Experts say LCR norms to hit banks' NDTL by 200-250 bps
2 mins
FMCG shares weigh heavily on benchmark indices
Sensex, Nifty drop for second session; GCPL, HUL, Dabur, Marico decline 3%
1 min
Sebi alerts on risks of unlisted securities trading
THE SECURITIES AND Exchange Board of India (Sebi) has cautioned investors against platforms that facilitate transactions in unlisted securities of public limited companies.
1 min
Crypto doesn't deserve a tax exemption
I AM (MOSTLY) bullish on crypto and (usually) sceptical of higher taxes, especially on capital gains. So why do I think it would be wrong to make crypto assets exempt from capital gains taxes, as President-elect Donald Trump's administration is reportedly considering?
3 mins
A new beginning
As he begins his term as RBI governor, Malhotra has to fill the big shoes of Das who has done a tremendous job
2 mins
A solution in search of a problem
While the idea of a BRICS currency is a powerful negotiating tool in challenging dollar dominance, there are more long-term solutions
3 mins
Globalisation and India
VOLATILE GEOPOLITICAL REALITIES DO NOT AUGUR THE END OF GLOBALISATION
4 mins
Optimistic outlook for Godrej Consumer
FMCG company's long-term prospects are positive
2 mins
CEAT: Focus on off-highway tyres
Camso deal to also strengthen company's portfolio in tracks
1 min
Tata Power: Focus on green energy growth
Solar manufacturing, rooftop EPC projects to be key drivers
1 min
Policy shift spurs surge in stocks, bond
STOCKS JUMPED AND China's government bonds rallied after the Politburo shifted its monetary policy stance to imply more easing is coming, mirroring moves made in previous crises.
1 min
Gallagher to buy Assured Partners in $13.45-bn deal
ARTHUR J GALLAGHER said on Monday it would acquire insurance broker AssuredPartners in an all-cash deal worth $13.45 billion, as it looks to bolster its focus on property and casualty and employee benefits across the U.S.
1 min
China signals bolder stimulus as Trump returns to power
Shift from prudent’ strategy to come after 14 years
1 min
South Korean prez barred from travelling abroad
SOUTH KOREAN PRESIDENT Yoon Suk Yeol has been banned from leaving the country over a failed attempt at imposing martial law, a justice ministry official said on Monday, amid growing calls for him to step down and a deepening leadership crisis.
1 min
CVC offers to buy software firm in $1.2-billion deal
SHARES IN GERMAN healthcare software provider CompuGroup Medical surged 30% on Monday after the company said investor CVC Capital Partners has offered to acquire it and take it off the stock exchange.
1 min
Chipmaker Nvidia faces Chinese probe
CHINA ON MONDAY said it has launched an investigation into Nvidia Corp over suspected violations of the country's anti-monopoly law, in a move that will likely be seen as a retaliatory move against Washington's recent chip curbs.
1 min
India monitoring Syria situation, calls for stability
A DAY AFTER rebel forces overthrew President Bashar Assad's authoritarian government in Syria, India on Monday joined leading nations to call for stability and preserve the unity, sovereignty and territorial integrity of the Arab nation.
1 min
MFI disbursals drop 10% in Q2 as credit quality takes a hit
DISBURSEMENTS BY MICROFINANCE institutions dropped by more than 10% in the July-September period compared to the year-ago period as the industry started witnessing stress on asset quality, according to data shared by a self-regulatory organisation.
1 min
FY25 Budget shows ways to build an efficient workforce
SKILLS-BASED GROWTH COMPACT CAN BE KEY
3 mins
IT sector hiring may grow 20% in 2025
THE IT SECTOR, which is on the path of recovery, is expected to witness 15-20% growth in job opportunities across various industries in 2025, talent solutions company NLB Services said.
1 min
Omnicom takes aim at Big Tech, AI with $13-bn Interpublic deal
TRADITIONAL PLAYERS LOOK TO COMPETE BETTER WITH BIG TECH FIRMS
2 mins
SVOD audience falls 2% in India: Report
INDIA'S SUBSCRIPTION VIDEO-ON-DEMAND (SVOD) audience base has witnessed a slight decline, dropping by 2%, from 153 million in 2023 to 150.6 million in 2024, according to The Ormax SVOD Audience Report: 2024.
1 min
Luxury property market is a boon to Trump's biz
Following Trump's win, a developer told local media about new deals. Like others, Indian firms buy land, build high-rises, sell the units and pay a fee to use 'Trump' name, which is putting India even more squarely in Trump Organization's sights
3 mins
Verdict is clear: Mega merger unlikely to threaten WPP's stupendous lead in India
Globally, Omnicom is the bigger of the two partners; but in India, IPG is at least three times larger than Omnicom, and WPP is double the size of IPG
2 mins
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Yayıncı: The Indian Express Ltd.
kategori: Newspaper
Dil: English
Sıklık: Daily
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