Financial Express Ahmedabad - March 24, 2025
Financial Express Ahmedabad - March 24, 2025
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In this issue
March 24, 2025
Public sector banks' dividend rises 33% to ₹27,830 crore
Public sector banks (PSBs) have risen by 33% to ₹27,830 crore in FY24, indicating a significant improvement in the financial health of these lenders.
1 min
Big Five audit firms object to NFRA's functioning
Allege that the regulator lacks neutrality
1 min
MSP Purchase Of Pulses To Hit New High
WITH MARKET PRICES falling below the minimum support price (MSP) due to strong crop prospects—after remaining elevated for two years—the government is set to approve the procurement of over 6 million tonne (MT) of oilseeds and 5 MT of pulses under the price support scheme (PSS) for the 2024-25 season (July-June) in key growing states.
2 mins
MSME loan limit under digital model may be hiked to ₹10 cr
TO SUPPORT SMALL BUSINESSES
2 mins
Anti-dumping duty imposed on five products from China
THE GOVERNMENT HAS imposed anti-dumping duties on five products, including vacuum flasks and aluminium foil imported from China at below-cost prices, to safeguard domestic manufacturers.
1 min
Cabinet Note Ready for Footwear and Leather PLI Scheme
Allocation will be around ₹2,600 crore
2 mins
Russian oil imports rise
AFTER THE STEEP decline following the latest US sanctions on Russia's oil trade, India's Russian oil imports have recovered sharply in March, thanks to the plentiful availability of Moscow's oil and it largely trading below the Western price cap of $60 per barrel.
1 min
ONGC to import ethane
OIL AND NATURAL GAS CORPORATION (ONGC) plans to import ethane starting in mid-2028 to compensate for the altered composition of liquefied natural gas (LNG) sourced from Qatar, according to a tender floated by the state-owned firm.
1 min
India looks to ease non-trade barriers, relax Chinese FDI
WITH SOME DIALLING down of tensions between India and China along the line of control, policy makers are more open to upgrading bilateral economic relationships now.
2 mins
Legacy luggage players cede ground to new-age rivals
Shift in customer base as travel market booms
2 mins
Leadership rejig at two-wheeler firms as demand stays sluggish
THE PERSISTENT SLUGGISHNESS in demand is possibly the reason behind resignations by some top and mid-tier executives at two-wheeler companies.
1 min
FMCG firms to hike prices again as palm oil affects margin
FAST-MOVING CONSUMER GOODS (FMCG) companies are likely to implement further price hikes in the coming weeks, particularly for products that rely heavily on palm oil.
2 mins
US strikes in Yemen target Houthi rebels
THE UNITED STATES has carried out three strikes on the airport in Yemen's Hodeidah city, as per the official Saba news agency.
1 min
Israeli strike kills Hamas official as Gaza death toll crosses 50K
AN ISRAELI AIRSTRIKE in southern Gaza killed a Hamas political leader, Salah al-Bardaweel, on Sunday, the militant group said, as Palestinian officials put the death toll from nearly 18 months of conflict at over 50,000.
1 min
Putin, Trump likely spoke more than twice: Kremlin
RUSSIAN PRESIDENT VLADIMIR Putin and US President Donald Trump may have had more contacts than the two publicly announced telephone calls over recent months, the Kremlin said in video footage published by state television on Sunday.
1 min
UK to cut 10K civil service jobs to reduce costs: Reeves
THE UK WILL aim to slash the number of civil servants by 10,000 as it targets a 15% reduction in the government's operating costs, Chancellor of the Exchequer Rachel Reeves said ahead of Wednesday's key statement on the public finances.
1 min
FIIs Turn Net Buyers, DIIs Book Profits
A reversal in the roles was witnessed last week as foreign institutional investors (FIIs) turned net buyers—the first time in 13 weeks—while domestic institutional investors (DIIs) decided to book some profits in the last two trading sessions.
2 mins
IndusInd taps Grant Thornton for audit of accounting lapses
INDUSIND BANK HAS appointed Grant Thornton to conduct a forensic review into accounting lapses detected this month and to check if there is any evidence of fraud or internal misstatements, two sources said.
1 min
ATM interchange fee set to rise from May after four years
THE RESERVE BANK of India (RBI) has approved an increase in ATM interchange fees, raising charges by ₹2 for financial transactions and ₹1 for non-financial transactions.
1 min
Nifty rises like a phoenix
THE NIFTY ROSE on each of the trading sessions to gain 4.26% last week.
2 mins
Focused funds are the next big bet
Large-cap stocks are a major portion of their portfolios
2 mins
A hot issue
Lack of private risk capital for thermal ventures is behind power sector stress
2 mins
iPhone Needs To Go Back To Its Roots To Salvage AI
ONE REASON APPLE'S brand is so valuable is that for decades, it had a reputation for only making promises it could keep.
3 mins
Can Dabur stand up to the combined might of Coca-Cola and Pepsi?
Can Dabur stand up to the combined might of Coca-Cola and Pepsi?
1 min
Unravelling an anti-ageing brand
Why Bachchan remains the advertiser's safest bet
2 mins
A gaming phone that is good for everyday use
YOUNGSTERS ROUTINELY USE their smartphones for social media, entertainment, communication, and accessing information, with platforms like YouTube, Facebook, Twitter and Instagram being quite popular.
2 mins
A Handy Tool For Creative Tasks
Key Features ■ 15 customisable macro keys ■ Controllable RGB lights ■ Visible LCD keyboard ■ Estimated street price: ₹7,990
1 min
Scaling GenAI remains a big task for firms
US-based Innover is broadening its footprint to target the Indian market for its digital solutions and hire local talent to develop advanced AI and automation solutions.
1 min
UltraProlink Juice-Up Mag 4
POWER BANKS AREN'T the most exciting topic in gadget circles, but they are essential to any travel set up.
1 min
Taking the drudgery out of work
• Robots in factories increase efficiency and productivity
2 mins
Financial Express Ahmedabad 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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