Financial Express Pune - January 02, 2025
Financial Express Pune - January 02, 2025
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January 02, 2025
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
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
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
Two crop insurance schemes to run till FY26
● Total allocations for PMFBY & RWBCIS for FY22-26 raised to ₹69,515 crore
3 mins
FY25 Tobacco Exports to Top ₹13,000 Cr
Higher yields & prices drive growth; no increase in area under tobacco cultivation
2 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
UP minister 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.
1 min
Electronics Sector Seeks Cut in Duties, Tariff Slabs
IN THE RUN-UP to the Budget 2025-26, the India Cellular and Electronics Association (ICEA) has urged the government to simplify the tariff structure and sought a reduction in duties on electronics parts and components used in mobile phones, television sets, hearables, and car displays.
1 min
18 former MoS, 12 ex-MPs still have security
The Delhi Police plans to approach the ministry of home affairs with a list of 18 former ministers of state (MoS) and 12 former members of Parliament who have security cover even after completion of their tenure/term.
2 mins
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
Air India 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
Q-comm delivers record sales on New Year's Eve
QUICK COMMERCE FIRMS saw their sales soar to unprecedented levels on December 31.
2 mins
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
Zoomcar eyes expansion for newly launched cab service
ZOOMCAR, KNOWN FOR its self-drive car rental services, has recently piloted a chauffeur-driven cab rental service in Bengaluru, and is considering expanding it to other major cities.
1 min
Accel raises $650 million for eighth India fund
PRIORITISING INDIA EXPANSION
1 min
Banks' loan growth drops for fifth straight month in Nov
Credit Watch
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
Indices begin 2025 on a high
• FPIs continue selling spree
2 mins
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
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
10 Dead, 30 Injured After Truck Rams Into New Orleans Crowd
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
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
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
Pakistan's inflation hits 81-month low of 4.1% in Dec
Path Towards Economic Recovery
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
The future of algo trading
SEBI PROPOSAL SEEKS TO STRIKE A BALANCE BETWEEN REGULATORY CONCERNS AND INTERESTS OF STAKEHOLDERS
4 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
Cutting through the hype on AI, RTO, and DEI
FROM A QUICK glance at 2024's top business headlines, you'd think all companies were pushing return-to-office (RTO) policies, embracing artificial intelligence (AI), and banishing diversity, equity, and inclusion (DEI) programmes.
3 mins
No Cause For Alarm
Slower loan growth should help lower liabilities and boost household savings
2 mins
AI, Convergence, and Beyond
Firms poised to scale up AI deployments into full production
2 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.
1 min
Large quantum computers a reality in the near future
THE WILLOW COMPUTING chip marks a significant milestone in quantum computing, advancing scalability, stability, and error correction – key to achieving fault-tolerant quantum systems.
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. Over millions of years, our eyes evolved exquisitely. They adapted to function in natural light, their view constantly varying as our ancestors moved, gathering food and hunting, their blink rates perfectly adjusted to protect and nourish the eye. Today, the eyes are under unprecedented assault, their evolution utterly outpaced by technological change.
4 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. Moreover, the government plans to establish the Data Protection Board, an adjudicatory body to address disputes between data principals (users) and fiduciaries (data handlers).
1 min
Dec GST mop-up at ₹1.77 lakh cr
The GST Council is likely to discuss rate rationalisation – hiking rates for some while pruning them for others – of about 150 items in its upcoming meeting.
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
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
Financial Express Pune Newspaper Description:
Yayıncı: The Indian Express Ltd.
kategori: Newspaper
Dil: English
Sıklık: Daily
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