Financial Express Mumbai - January 03, 2025
Financial Express Mumbai - January 03, 2025
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January 03, 2025
Bulls have a blast
Investor wealth rises by ₹6 lakh crore
2 mins
Sebi Debars Ketan Parekh Again
KETAN PAREKH, who was debarred by the Securities and Exchange Board of India (Sebi) two decades ago after his conviction in the infamous stock market scam in 2000, is back in the markets regulator's bad books.
1 min
Norms for release of capex to states eased
THE CENTRE HAS relaxed a clutch of norms regarding the release of interest-free capex loans to the state governments to ensure that the entire sum of ₹1.5 lakh crore earmarked for 2024-25 is fully utilised during the year, and help arrest a decline in public capex.
2 mins
India to add 30 GW RE capacity in FY25-26
INDIA IS LIKELY to add 30 gigawatt (GW) of renewable energy capacity over FY25-26, backed by continued policy support, availability of liquidity and established growth plans of some large corporate players, reduced equipment prices, and waiver of interstate transmission system charges, analysts say.
1 min
Budget wish list: Lower tax on FD interest & fund for NBFCs
Ahead of the Budget for 2025-26, representatives of the financial sector and capital markets on Thursday sought a lowering of tax on interest income from fixed deposits to align with capital gains tax on equities, a dedicated refinancing window for non-banking financial companies (NBFCs), and incentives for long-term savings.
2 mins
Dec Manufacturing PMI Slips to 56.4, Weakest in 2024
EXPANSION IN MANUFACTURING activity in the country slowed in December, amid softer demand conditions and price pressures.
1 min
Goyal to meet EV industry representatives
REPRESENTATIVES OF ELECTRIC vehicle manufacturers will meet commerce and industry minister Piyush Goyal on Friday to discuss issues related to the expansion of manufacturing and the adoption and building of support infrastructure, including charging and battery swapping facilities.
1 min
Employment up 36% between FY15, FY24
EMPLOYMENT IN THE country has increased by 36% to 643.3 million in 2023-24 from 471.5 million in 2014-15, \"reflecting an improvement in jobs scenario\" under the NDA regime, labour minister Mansukh Mandaviya said on Thursday, citing official data.
1 min
NSO to compile district-level estimates
STARTING THIS MONTH, the statistics ministry will conduct new survey rounds which will contain district-level estimates, in addition to the existing national- and state-level data, according to an official release.
1 min
Panel to suggest road map for Producer Price Index
To revise WPI base year as well; Niti Aayog member Ramesh Chand will lead committee
2 mins
ONDC Onboards Over 700k Sellers, Service Providers
More than 700,000 sellers and service providers have been included on the Open Network for Digital Commerce (ONDC) so far, the government said on Thursday.
1 min
Banks Urge RBI To Ease Cash Crunch With Forex Swaps
Some big lenders in India have asked the central bank to inject liquidity using foreign-exchange swaps as short-term currency financing costs surged to a four-year high, according to people familiar with the matter.
1 min
Centre to get first chance to restore J&K statehood: CM
IN HIS FIRST media interaction here Thursday, two-and-a-half months after taking over as Jammu and Kashmir Chief Minister, Omar Abdullah stressed on restoration of statehood to J&K but added that his government was willing to wait for the Centre to do so rather than taking recourse to courts.
1 min
Low rainfall in Jan-March may hit rabi crop yield
IF THE MET department's forecast of a below-normal rainfall and above-normal temperature during January-March, especially in the northern states, turns true, yields of several winter crops including wheat, mustard, chana and horticultural crops could be hit, experts said.
2 mins
SC hauls up Punjab over protest fast of farmer leader
The Supreme Court on Thursday slammed the Punjab government over the hunger strike by farmer leader Jagjit Singh Dallewal, saying the state's attitude appeared to be against reconciliation and its officials were spreading the wrong impression that the court was trying to persuade Dallewal to break his fast.
1 min
Iran minister in Delhi for talks to boost ties, trade
DAYS BEFORE DONALD Trump returns to the Oval Office, Majid Takht-Ravanchi, Iran's deputy foreign minister, has reached New Delhi for talks Friday with external affairs minister S Jaishankar and foreign secretary Vikram Misri.
2 mins
2w sales skid 9%, lowest in over a year
DESPATCHES OF MOTORCYCLES and scooters of five of India's top six manufacturers to dealers fell 9% year-on-year during December as destocking efforts and lower retail demand took a toll on despatches.
1 min
Indian Airlines Score Low on Punctuality
Flight delays in India rise by 27%, affecting 2.39 mn passengers
2 mins
Looking forward with hope to achieve growth at scale: Mahindra CEO
MAHINDRA GROUP is looking forward to the new year with hope and confidence, driven by its aspiration to achieve growth at scale, according to its CEO & managing director Anish Shah.
1 min
upGrad bets on ‘top-up/tank-up’ strategy
EDTECH FIRM UPGRAD will focus more on high margin businesses like upskilling courses rather than formal education formats in order to drive profitability as it prepares for an initial public offering seven to nine quarters down the line, majority shareholder Ronnie Screwvala told FE.
3 mins
DoT Likely to Shelve BSNL's VRS Proposal Amid Union Protests
After uproar from the employees' unions, the Department of Telecommunications (DoT) has likely put the second voluntary retirement scheme (VRS) proposal for BSNL on hold, officials said.
1 min
Blinkit tests 10-minute ambulance service
BLINKIT, QUICK COMMERCE arm of Zomato, has ventured into emergency medical services with the launch of a 10-minute ambulance service in Gurugram.
1 min
Honasa CBO steps down amid series of exits
ZAIRUS MASTER, CHIEF business officer at Honasa Consumer, has resigned from his post and will step down on February 28, the company said in an exchange filing on Thursday.
1 min
Can't take action unless there is clear proof: Naidu on Adani deal
ANDHRA PRADESH CHIEF minister N Chandrababu Naidu has said that the Solar Energy Corporation of India's (SECI) agreement to purchase power from the Adani Group was an advantage for the state government and any action on bribery charges would be taken only after a thorough examination of the records.
2 mins
Dunzo co-founder Biswas to exit firm
DUNZO CO-FOUNDER AND CEO Kabeer Biswas is set to exit the troubled hyperlocal delivery startup, according to a report in Moneycontrol.
1 min
RIL to build AI infra hub in 24 months, says Akash Ambani
RELIANCE INDUSTRIES WILL build AI infrastructure in Jamnagar within a record 24 months, making the city the global leader in this domain, said Akash Ambani, director at RIL, at an event commemorating the 25th anniversary of the company's Jamnagar Refinery.
1 min
DMart Q3 revenue rises 17.5% to ₹15,565 crore
AVENUE SUPERMARTS, OWNER of retail chain DMart, on Thursday reported a 17.5% rise in its standalone revenue at ₹15,565.23 crore in the quarter that ended on December 31.
1 min
Smartworks takes 480,000 sq ft in Gurugram for ₹94-cr rent per year
CO-WORKING PLAYER SMARTWORKS has leased 480,000 sq ft in a DLF property in Gurgaon at an annual rent of ₹94.68 crore for six years.
1 min
Hyundai to Launch Electric Creta With Two Battery Options
HYUNDAI MOTOR INDIA will offer two battery options on the electric version of the Creta, which is set to debut in the upcoming Bharat Mobility Show.
1 min
Banks' credit growth to be subdued: ICRA
ICRA has revised downwards its credit growth estimate to 10.5-11% for the current financial year from the earlier 11.6-12.5%.
1 min
Re closes at another record low
The rupee closed at its weakest closing level on record for the eighth consecutive session on Thursday, as a widened arbitrage between the non-deliverable and outright forwards market added to the currency's troubles.
1 min
PNGRB raps Petronet LNG; shares tank
Tariffs not under regulator's purview, says company
1 min
Microfinance firms' shares surge as MFIN defers capping lenders
Shares of microlenders, including CreditAccess Grameen, Spandana Sphoorty and Equitas Small Finance Bank, rallied on Thursday after the Microfinance Institutions Network (MFIN) decided to defer by three months the implementation of limiting the number of lenders to three per borrower.
1 min
Taking the middle path with diverse investments is key
The stock market has been going through tough times, but the good news is that retail investors have continued to invest in systematic investment plans (SIPs), says Radhika Gupta, MD & CEO, Edelweiss Asset Management Company. Gupta tells Akshata Gorde that the SIP book, currently at ₹25,000 crore a month, will rise to ₹80,000-90,000 crore by 2030. Excerpts:
2 mins
Market rally riding on high hopes
Experts Warn Of Uncertainties
2 mins
Sebi to Continue Probe into Zee, Send Fresh Show-Cause Notice
SEBI ON THURSDAY said it will send a fresh show-cause notice to Zee founder-chairman Subhash Chandra and his son Punit Goenka, as it vowed to continue the investigation into alleged violation of listing norms against the media baron and his company.
1 min
US Jobless Claims Fall to Eight-Month Low
INITIAL APPLICATIONS FOR US unemployment capped 2024 at an eight-month low, reflecting the relatively muted levels of job cuts in a labor market that has remained surprisingly resilient.
1 min
Europe, Asia factories end 2024 on weak footing
FACTORY ACTIVITY IN Asia and Europe ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and China's fragile economic recovery.
1 min
Tesla Cybertruck explodes outside Trump's Vegas hotel
NEW ORLEANS ATTACK AND VEGAS BLAST RAISE US SECURITY FEARS
1 min
First in a decade: Tesla annual EV sales drop
TESLA'S ANNUAL VEHICLE sales dropped for the first time in more than a decade despite a year-end push that sent deliveries to a record in the fourth quarter.
2 mins
Apple Offers Big Discounts on New iPhone Models in China
APPLE IS OFFERING rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the US tech giant moves to defend its market share against rising competition from domestic rivals like Huawei.
1 min
China's Late-Year EV Sales Boom Gives Way to Rocky 2025
CHINESE ELECTRIC VEHICLE makers led by BYD saw a late-2024 sales boom that's set to give way to another bruising year as carmakers face risks to demand both at home and abroad.
1 min
H-1B Visa Flip-Flop
Trump must convince hardliners that giving US access to the world's best and brightest is essential to its future
2 mins
Rein in tax terrorism
WE NEED A TRANSPARENT SYSTEM THAT CURBS LITIGATION AND A QUICK RESOLUTION PROCESS
4 mins
A 'Made in China' crisis awaits big auto
When Jaguar's \"COPY nothing\" brand reboot hit late last year, one self-styled car enthusiast replied on X: \"What the actual hell is this?\" Jaguar's response: \"The future.\" That remains to be seen. But the ad, unfamiliar and unsettling, does at least work as a portent of what's coming for the global auto industry.
2 mins
Lessons from Manmohan Singh
Singh, as an RBI governor living through the permissive 1980s, understood the value of fiscal conservatism and implemented it as finance minister
3 mins
Climate change mitigation needs funding
At the fourth edition of the IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India and moderated by Amitabh Sinha, Editor (Climate and Science), panellists discussed how municipal bodies can leverage capital markets to solve climate-related problems
3 mins
White-collar hiring up 9% in December
HIRING FOR white-collar jobs in India rose 9% in December compared to the same month in the previous year, a survey released on Thursday showed.
2 mins
Captain Rohit to miss Sydney Test, 'opts to rest'
THE EARLY HINT of India captain Rohit Sharma sitting out of the final Test of the Border-Gavaskar Trophy at Sydney came from head coach Gautam Gambhir.
3 mins
Manu, Gukesh Among 4 to Be Awarded Khel Ratna
DOUBLE OLYMPIC-MEDAL-LIST Manu Bhaker and chess world champion D Gukesh were among four winners of the Major Dhyan Chand Khel Ratna award announced by the Sports Ministry, which also named an unprecedented 17 para-athletes in the list of 32 Arjuna awardees to honour their resounding success at the Paris Paralympics.
1 min
Financial Express Mumbai Newspaper Description:
Yayıncı: The Indian Express Ltd.
kategori: Newspaper
Dil: English
Sıklık: Daily
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