Financial Express Chandigarh - January 20, 2025
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In this issue
January 20, 2025
India to work with EU to reduce China dependence
INDIA ON SUNDAY said it would work together with the European Union (EU) to reduce its dependence on non-market economies and develop cutting-edge technologies, secure critical raw material supply, and build resilient supply chains.
1 min
Lower import tariffs on inputs, other incentives sought
The Budget could undertake adjustments of taxes and unveil incentives for the industry to take advantage of the opportunity that could emerge if Trump administration's moves escalate trade tensions globally, according to experts.
2 mins
Petroleum products exports rise 2% in April-December
INDIA'S EXPORTS OF petroleum products grew marginally by 1.5% to 47.5 million tonne during April-December, compared to 46.8 million tonne in the same period last fiscal, according to data from the Petroleum Planning and Analysis Cell.
1 min
Rural housing spend to fall short of BE by ₹20,000 crore
THE BUDGET OUTLAY for the Centre's flagship affordable rural housing scheme—Pradhan Mantri Awaas Yojana-Gramin (PMAY-G)—may be around ₹35,000 crore, much lower than the Budget estimate of ₹54,500 crore for the current fiscal year, official sources said.
1 min
Balancing Growth With Fiscal Consolidation
India's economic growth and fiscal outlook for FY26 are promising, with projected gross tax revenue growth of 10.5% and a feasible 20% increase in capital expenditure.
1 min
Pick-up in investments, hiring expected in FY26: CII Survey
THE MAJORITY OF private firms are expected to step up investments and employment in 2025-26, as India continues to shine as a bright spot in a challenging global economic environment, according to a survey by industry body CII.
1 min
India and NZ Should Address Market Access for Goods: GTRI
INDIA AND NEW ZEALAND should address market access issues for goods, promote collaborations in key sectors, and work on improving connectivity with an aim to boost bilateral trade, which is just $1.5 billion, think tank GTRI said on Sunday.
1 min
EPFO Discusses Pendency of Applications for Higher Pensions
THE EXECUTIVE COMMITTEE (EC) of the Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation's (EPFO) on Saturday discussed the status of the pending applications of subscribers who opted for higher pensions, post a Supreme Court ruling in 2022.
1 min
India-Oman FTA talks nearing completion
INDIA WILL GET MARKET ACCESS FOR 98% OF ITEMS
1 min
Southern states vie to woo global investors at Davos summit
FROM CRAFTING CATCHY campaign slogans to emphasising sector-specific strengths and policy initiatives, southern states are in a heated race to outshine each other at the annual World Economic Forum (WEF) meeting in Davos, starting Monday.
1 min
Govt Likely To Meet Target Of 10,000 FPOs By FY25
THE GOVERNMENT IS aiming to meet the target of 10,000 new farmer producer organisations (FPOs) by the end FY25, five years after the launch of the central sector scheme.
1 min
Tech firms face setback as Wi-Fi spectrum allocation plan nixed
DoT DECISION MAY DELAY ADOPTION OF NEXT-GENERATION DEVICES
2 mins
ArcelorMittal Nippon Steel's two new output lines to boost auto biz
ArcelorMittal Nippon Steel (AM/NS) India is looking to give a boost to its automotive steel business with the scheduled commissioning of two production lines dedicated to manufacturing advanced automotive steel products.
2 mins
VinFast's India plan on despite no clarity on govt incentive
VIETNAM'S LEADING AUTOMAKER VinFast has decided to go ahead with its India plan irrespective of whether the government decides to include it in the EV manufacturing promotion scheme.
2 mins
Govt capex flow augurs well for FY26
Truck and bus maker Ashok Leyland (ALL) has unveiled three new commercial vehicles, including an electric light truck, at the Auto Expo.
2 mins
Reliance steps up distribution push as FMCG vertical grows
THE FAST-MOVING CONSUMER goods (FMCG) arm of Reliance, which has touched ₹8,000 crore in topline for the first nine months of FY25, will expand distribution in north and west India, sources have told FE.
1 min
Protesters storm court after it extends Yoon's detention
HUNDREDS OF SUPPORTERS of South Korea's arrested president, Yoon Suk Yeol, stormed a court building early on Sunday after his detention was extended, smashing windows and breaking inside, an attack the country's acting leader called \"unimaginable\".
1 min
Bank of Japan set to raise interest rates
BANK OF JAPAN governor Kazuo Ueda will size up the need to raise interest rates on Friday amid heightened expectations of a hike — and barring a market shock triggered by Donald Trump's first few days in the White House.
1 min
Fighting halts in Gaza as ceasefire begins, Hamas frees 3 hostages
First Formal Truce in 15-Month-Old War
1 min
Hindenburg founder faces scrutiny
NATE ANDERSON, 'ACTIVIST' short-seller who has announced shutting down of his almost eight years old research firm Hindenburg, is under cloud for alleged links with hedge funds in preparing reports targeting companies, a Canadian portal said citing documents filed before a court in Ontario.
1 min
Trump Promises Executive Order Aiding TikTok
PRESIDENT-ELECT DONALD Trump asked technology companies to \"not let TikTok stay dark\" and announced he would extend a deadline to sell the company after the video platform suspended its services in the US and Apple and Google removed the platform from their app stores.
1 min
Trump Holds Victory Rally Ahead of Inauguration
Mukesh, wife Nita to attend the event
1 min
Kotak Mahindra Bank expects NIM to improve
FRESH SLIPPAGES IN Q3 DECLINE
1 min
Mkt volatility may force life insurers to rethink ULIP plans
A PROLONGED VOLATILITY in the stock markets could dampen the investor appetite for unit linked insurance plans (ULIPs), prompting life insurers to shift the focus towards guaranteed income and pure protection plans like term insurance, industry experts said.
1 min
FPIs Take Out ₹44,396 Crore From Equities So Far in Jan
FOREIGN INVESTORS HAVE pulled out ₹44,396 crore from Indian equities this month, driven by strength of the dollar, rising bond yields in the US, and expectations of a weak earnings season.
1 min
Aadhar Housing Finance aims to grow AUM by 22%: MD
AADHAR HOUSING FINANCE is expected to grow its assets under management by 22% by the end of the current fiscal, managing director and CEO Rishi Anand said in an email interaction.
1 min
'MBA isn't at risk; it's in transition'
Rekha Sethi, the director general of the All India Management Association (AIMA) – the apex body for management profession in India – is of the opinion that despite poor placements at business schools last year, the MBA degree isn't at risk.
2 mins
Hybrid funds built for volatility
● If interest rates fall, bond component of such funds will benefit
2 mins
Financial Express Chandigarh Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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