Financial Express Ahmedabad - January 14, 2025

Financial Express Ahmedabad - January 14, 2025

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In this issue
January 14, 2025
Chinese rivals gain ground as Apple plays AI catch-up
Global iPhone sales fall 5% in holiday quarter; Samsung also gives up share
1 min
Trump Tariff Burden on India Pegged at $14.6 Billion
If the incoming Donald Trump administration goes ahead with the proposed tariff hikes, it would result in an additional duty burden of $14.6 billion on India's exports to the US, according to a report by Boston Consulting Group (BCG).
1 min
Food inflation down to 8.34% in Dec
RETAIL FOOD INFLATION eased for the second consecutive month at 8.34% in December compared to 10.87% in October as prices of vegetables declined over the last few weeks with winter harvest arriving in the market.
2 mins
Direct tax collections rise 15.9% to ₹16.9 lakh cr
THE CENTRE'S DIRECT tax collections, after refunds, grew 15.9% year-on-year to ₹16.9 lakh crore till January 12 in the current financial year, data released by the finance ministry showed on Monday.
1 min
Finished steel imports at 6-year high
INDIA'S FINISHED STEEL imports hit at least a six-year high in the first nine months of FY25, according to provisional government data.
1 min
Import duty tweaks to boost local manufacturing sought
AS IMPORT TAXES cease to be a major revenue source for the government, the Budget for FY26 should be used to strategically adjust the rates to boost domestic manufacturing and bring average tariffs down, trade policy think tank GTRI said on Monday.
1 min
Hopeful about higher agri growth in FY25: Principal secy to PM
THE AGRICULTURE AND allied sector is poised for stronger growth in FY25, driven by favourable monsoon conditions, according to P K Mishra, principal secretary to the Prime Minister.
1 min
Rupee depreciation over long term good for India: Panagariya
Referring to the rise of India's fortunes after the rupee was devalued in 1991, Sixteenth Finance Commission chairman Arvind Panagariya on Monday said the current policy of allowing the rupee to depreciate in the long run while managing it in the short run is the right one.
2 mins
Disruption to Russian oil supply unlikely till March
NO IMMEDIATE IMPACT OF US SANCTIONS, SAYS OFFICIAL
1 min
HCLTech misses Q3 estimates
Slight drop in deal activity to $2.1 bn
2 mins
Realty Attracts 6% More PE Funding in Apr-Dec
The private equity (PE) landscape in Indian real estate for the first nine months of FY25 reveals a shift despite declining deal numbers.
1 min
Telcos May Further Hike Tariffs by 10%
Focus on Monetisation
2 mins
Tech firms likely to challenge Trai's international SMS rules
Telecom Tangle
1 min
Imported inflation, fiscal costs remain key worries
THE RUPEE'S SHARP slide has the immediate effect of jacking up imported inflation.
2 mins
Overseas study, travel to cost more
WITH THE RUPEE sliding to a lifetime low against the dollar, students studying overseas, especially in universities in the US, individuals planning to travel abroad, or those planning to buy imported items will be affected.
2 mins
Rupee unlikely to breach the 88-mark in FY25: Experts
THE RUPEE HAS fallen 232 paise, or 3.37%, since the US Federal Reserve cut interest rates in September for the first time in four years, but the majority of market participants believe that it will not breach the 88-mark by the end of this fiscal.
2 mins
Bond yield logs biggest single-day rise in 7 mths
GOVERNMENT BOND YIELDS marched higher on Monday, with the benchmark yield logging its biggest single-session rise in over seven months, as US Treasury yields continued to rally after robust economic data, while a tumbling rupee also weighed on sentiment.
1 min
US sanctions on Russia crude: Oil jumps to over $80
THE OIL SAGA
1 min
Sensex plunges over 1,000 points, Nifty declines 345 points
BENCHMARK EQUITY INDICES on Monday crashed to a seven-month low as a strong dollar and rising US yields sent the rupee to a fresh record low, surpassing the 86-mark for the first time.
2 mins
Rupee fall casts shadow over policy rate cuts
A SIGNIFICANT DEPRECIATION in the rupee could defer rate cuts by the Reserve Bank of India (RBI), as it fuels inflation by making imports more expensive.
1 min
The Tortuous Normalisation
BEIJING'S 'ILLEGAL, COERCIVE, AGGRESSIVE AND DECEPTIVE' STRATEGY WILL TEST NEW DELHI
4 mins
For Spending Efficiency
Subsidy reforms need a fresh push, open-ended sops are irrational
2 mins
Building a cyber-resilient India in the AI era
As AI becomes more integrated into business and daily life, the need for robust cybersecurity measures becomes an imperative for the country
3 mins
Don't bank on your banking job outlasting AI
OVER THE PAST few months, I've had occasion to speak at a number of conferences concerned with the impact of artificial intelligence on financial jobs.
3 mins
Biocon's US biz prospects strong
Well-positioned for product approvals and launches
1 min
Company is poised for 19% growth in FY2026/27
Company is poised for 19% growth in FY2026/27
2 mins
Growth Stagnation Continues for Just Dial
Employee efficiency is near its peak, with underinvestment posing a risk to growth
1 min
Gaza mediators send final draft of ceasefire to Israel & Hamas
MEDIATORS GAVE ISRAEL and Hamas a final draft of a deal on Monday to end the war in Gaza, an official briefed on the negotiations said, after a midnight \"breakthrough\" in talks attended by envoys of both Joe Biden and Donald Trump.
1 min
Ahead of Trump return, Chinese trade surplus soars to $1 trn
CHINA ANNOUNCED ON Monday that its trade surplus reached almost $1 trillion last year as its exports swamped the globe, while the country's own businesses and households spent cautiously on imports.
2 mins
Tesla Beats Audi in Global Car Sales for the First Time
TESLA SURPASSED ONE of Germany's most prized premium car brands last year, despite selling fewer vehicles than expected.
1 min
Prioritise AI funding: OpenAI to US
MOVE WILL MAINTAIN A BLOCK ON EXPORTS TO RUSSIA, IRAN AND N KOREA
2 mins
J&J Set to Acquire Intra-Cellular in $14.6 Billion Deal
JOHNSON & JOHNSON said on Monday it will buy neurological drugmaker Intra-Cellular Therapies for $14.6 billion, its biggest deal in at least two years, boosting its presence in the market for brain disease treatments.
1 min
Rupee sinks 61 paise; sharpest dip in 2 years
THE GEOPOLITICAL TENSIONS in West Asia, fresh US sanctions on Russia, and the ongoing Russia-Ukraine conflict are also contributing to the rise in Brent crude prices, which cannot be ignored, as it will impact the fiscal math for India and have impact on rupee, he added.
1 min
IDBI Bank sale may spill over to FY26
THE REGULATORY PROCESSES would take some time, the official added.
1 min
UP govt looks to privatize two of five power discoms
PUVVNL reported a loss of ₹6,610 crore in FY23 against a loss of ₹594 crore in FY22, as per PFC data.
1 min
In Kashmir, Modi assures all promises will be fulfilled
PRIME MINISTER NARENDRA Modi on Monday asserted that he would keep promises he had made to the people of Jammu and Kashmir, a statement seen as an oblique reference to the demand for restoration of statehood voiced strongly by chief minister Omar Abdullah.
2 mins
December Retail Inflation Cools to Four-Month Low
India's December retail inflation cooled to a four-month low, as food prices eased and core inflation remained subdued. Economists expect further moderation in inflation, paving the way for a potential rate cut in February.
2 mins
PAG Buys Stakes in Manjushree, Pravesha
ASIA PACIFIC-FOCUSED PRIVATE equity firm PAG on Monday announced that it has signed a pact to acquire a stake in Manjushree Technopack, one of the country's largest rigid plastic packaging firms.
1 min
WeWork India raises ₹500 cr
CO-WORKING MAJOR WeWork India announced on Monday that it has raised ₹500 crore through a rights issue of securities.
1 min
Jio, Yotta, 11 others present AI compute infra plans to MeitY
HIRANANDANI-BACKED YOTTA, TATA Communications, Jio, CtrlS and E2E Networks were among 13 companies that presented their technical presentations before the ministry of electronics and information technology (MeitY) on Monday, to make available the AI compute infrastructure in the country, sources said.
1 min
Captain Fresh Narrows Loss, Logs Jump in FY24 Revenue
TIGER GLOBAL-BACKED B2B seafood chain Captain Fresh reduced its net loss by 22% to ₹229 crore in FY24, while growing its topline by almost 70% to ₹1,395 crore.
1 min
Dabur vs Tata in Delhi HC over chutney name
FMCG giant Dabur will respond to a notice issued by the Delhi High Court in a trademark infringement case on February 5.
1 min
Hiremath seeks a third of Kalyani family fortune
THE FAMILY FEUD between Baba Kalyani, chairman and MD of Bharat Forge, and his sister Sugandha Hiremath has taken a fresh turn with the latter filing a case in the Pune court, seeking a third of the former's family wealth.
1 min
E-comm platforms see jump in e-scooter sales
E-COMMERCE PLATFORMS IN India are experiencing unprecedented growth in electric two-wheeler (E2W) sales, albeit from a low base, driven by an omnichannel strategy adopted by both traditional OEMs and new-age EV manufacturers.
1 min
Path Cleared for Zepto to Merge Units
NO NEED FOR RBI APPROVAL
1 min
IMD turns 150 today
PM Modi will launch 'Mission Mausam' on Tuesday to mark the 150th foundation day of IMD
1 min
Maha Kumbh: 16 mn take holy dip
THE FOG WAS thick, the cold intense and the waters freezing as the Maha Kumbh, the world's largest gathering, began on Monday with over 16.5 million people taking a dip in the Sangam in their quest for ‘moksha’ and the belief it will wash away their sins.
3 mins
Pixxel to launch India's first private satellite network
PIXXEL IS SET to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in India's nascent private space sector, Pixxel's chief told Reuters.
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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