Financial Express Ahmedabad - January 17, 2025
Financial Express Ahmedabad - January 17, 2025
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In this issue
January 17, 2025
Ficci Lowers FY25 Growth Forecast to 6.4%
INDUSTRY BODY FICCI on Thursday lowered India's growth projection for the current financial year to 6.4% from 7% estimated earlier.
1 min
India likely to maintain strong growth in 2025: WEF report
THE GLOBAL ECONOMIC outlook for 2025 remains \"subdued\", but India is likely to maintain a \"strong growth\", according to a World Economic Forum (WEF) report.
1 min
Hydrocarbon sector seeks cut in cess & regulatory reforms
The oil and gas industry has sought supportive regulatory reforms to compensate for losses incurred by downstream companies on the sale of auto fuels, and a cut in the cess on crude oil production.
1 min
8th Pay Commission to be formed, 11.5 mn to benefit
PRIME MINISTER NARENDRA Modi on Thursday approved the setting up of the 8th Pay Commission to recommend the norms for pay and pension increments for 10 years beginning January 2026 for central government employees and pensioners, in a move that would cheer up over 11.5 million people.
2 mins
Agri & processed food exports grow over 11% to $17.77 bn
Rice Shipments Surge
1 min
LTIMindtree Q3 net profit falls 7.14% to ₹1,085 cr
IT SOLUTIONS PROVIDER LTIMindtree on Thursday reported a 7.14% decline in consolidated net profit to ₹1,085.4 crore in the December quarter of FY25.
1 min
EVs to take centre stage at auto expo
THE SECOND EDITION of the Bharat Mobility Global Expo 2025 is set to kick off on Friday, with a primary focus on electric vehicles (EVs) as the future of sustainable mobility.
2 mins
Reliance Retail profit surges 10% in Q3 on festive rush
Gross revenue tops ₹90K cr; FMCG biz touches ₹8K cr in 1st nine months of FY25
2 mins
Maruti Suzuki Set to Enter EV Era with eVitara Launch
India to Become EV Export Hub for Suzuki, Says Toshihiro
1 min
Infosys adds 5,591 staff in Q3, to hire over 20,000 in FY26
BENGALURU-BASED INFOSYS added 5,591 to its headcount in the quarter ended December, taking the total headcount to 3,23,379.
1 min
Jio profit jumps 4.9% to ₹6,861 cr, Arpu at ₹203
DRIVEN BY TARIFF HIKES; REVENUE UP 4.3% TO ₹33,074 CR
1 min
Mumbai Int'l Airport witnesses 6.3% growth in passenger traffic in 2024
MUMBAI INTERNATIONAL AIRPORT logged a 6.3 percent year-on-year growth in passenger traffic at 5.48 crore in 2024, the private airport operator Mumbai International Airport Ltd (MIAL) said on Thursday.
1 min
Spencer's Retail forays into q-comm with JIFFY
• In Q3FY25, firm narrowed its net loss to ₹47.34 cr
1 min
Govt to provide support to startups, domestic investors join growth push
COMMERCE AND INDUSTRY Minister Piyush Goyal on Thursday assured \"excellent\" support to startups and said domestic investors are now also recognising capabilities and the value proposition of investing in these enterprises.
1 min
NCLAT to decide on Meta plea next week
THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) has admitted Meta's plea challenging a ₹213.14 crore penalty imposed by the Competition Commission of India (CCI) for alleged abuse of market dominance.
1 min
Kalyani siblings spar over Vaghul letters
FAMILY FEUD ■ Kalyani siblings are engaged in legal battles regarding division of family assets across various courts ■The Hiremath family is seeking a transfer of Hikal shares based on a family agreement
2 mins
Rural India Extends Lead in Internet Usage: Study
The gap between the number of internet users in rural and urban India has grown, with rural areas adopting the internet at a faster pace, according to a report by IAMAI and market research firm Kantar.
1 min
Both apps of ShareChat to turn profitable by Apr: CBO
ShareChat expects its apps, ShareChat and Moj, to turn profitable by April, company's chief business officer Gaurav Jain said.
1 min
Amazon to acquire BNPL startup Axio
E-COMMERCE GIANT AMAZON is set to acquire Indian startup Axio, an online lending platform offering point-of-sale financing.
1 min
Apple Breaks Into India's Top Five Smartphone Brands
Apple breaks into India's top five smartphone brands
1 min
Kirloskar Oil Engines vs Sebi: KBL plea to intervene allowed
KIRLOSKAR BROTHERS (KBL) was granted permission on Thursday to intervene in the Kirloskar Oil Engines (KOEL) versus markets regulator Securities Exchange Board of India (Sebi) case before the Securities Appellate Tribunal (SAT).
1 min
4 in 5 professionals looking for a new job in 2025: Study
OVER FOUR IN five (82%) professionals in India are gearing up for a job hunt this year, even as more than half (55%) report that finding a job became tougher in 2024, according to LinkedIn.
1 min
Nate Anderson: The self-proclaimed messiah
The decision to disband now is curious. Anderson's reply, \"There is not one specific thing—no particular threat, no health issue, and no big personal issue.\"
3 mins
Adani Group Stocks Rally as Hindenburg Shuts Shop
ADANI GROUP STOCKS rallied on Thursday after Hindenburg Research, which made international waves with campaigns targeting billionaire Gautam Adani that wiped billions from the market value of his group companies, founder Nate Anderson announced its shutdown.
1 min
Next fundraise may trim govt holding to below 75%: BOM MD
BANK OF MAHARASHTRA (BoM) on Thursday said the next round of capital raise is expected to bring down the government holding in the lender to below 75%.
1 min
Axis Bank's net profit rises 4% to ₹6,304 crore
AXIS BANK ON Thursday reported a smaller-than-expected rise in its quarterly profit as the loan growth slowed and it set aside more funds against potential bad loans.
1 min
RBI Receives Bids Worth ₹30,760 Cr in VRR Auction
● Primary dealers emerged as main participants
1 min
With VRR window open, bond buyback sees limited success
THE RESERVE BANK of India on Thursday conducted a buyback auction of government securities worth ₹30,000 crore and repurchased only ₹9,892 crore of bonds, as banks were unwilling to sell G-Secs at a loss, said traders.
1 min
RBI Relaxes FEMA Regulations to Boost Cross-Border Trade
TIMES ITS MOVE TO PERFECTION
1 min
The power of nowcasting
KNOWING THE PRESENT MATTERS TO INVESTORS AND POLICYMAKERS, DIGITAL EXHAUST MAKES IT POSSIBLE
4 mins
When Brad Jacobs talks, investors should listen
More than two years ago, billionaire Brad Jacobs announced plans to start a new roll-up venture after a move in 2022 to break into three parts XPO, the logistics company that he built through acquisitions to reach as much as $17 billion in sales from $160 million in a little more than a decade.
3 mins
Partners, not rivals, in delivery ecosystem
The synergistic relationship of GCCs and GSIs will continue to fuel India's technological prowess as it supports the front and back offices of companies
3 mins
A bridge not so far
There is a need for a unified platform to link aspiring entrepreneurs with industry stalwarts and mentors
2 mins
Delivery dilemma
Why criticism against q-comm practices is growing
2 mins
From mud to the mat
The Kho Kho Federation is sparing no effort to put the sport on the map
2 mins
Hindenburg downs shutters
Founded in 2017, Hindenburg Research, which said it specialises in forensic financial research, had made a series of allegations of stock manipulation and accounting frauds against Adani Group, just days ahead of a $2.5-billion share offering by Adani Enterprises.
1 min
BofA profit jumps on trading boost
BANK OF AMERICA'S profit beat expectations on Thursday as its traders benefited from a flurry of activity in the fourth quarter while the lender predicted it would earn more interest income in 2025.
1 min
BP to cut 5% of workforce
BP is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.
1 min
BofA Profit Jumps on Trading Boost
BANK OF AMERICA'S profit beat expectations on Thursday as its traders benefited from a flurry of activity in the fourth quarter while the lender predicted it would earn more interest income in 2025.
1 min
UK economy grows by just 0.1% in Nov
BRITAIN'S ECONOMIC OUTPUT returned to growth in November, the first month after finance minister Rachel Reeves announced big tax increases for businesses, but the expansion was smaller than expected.
1 min
Barclays in the fray to take over Apple's credit card business
APPLE IS IN talks with Barclays to replace Goldman Sachs as the tech giant's credit card partner, said two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions.
1 min
In farewell speech, Biden warns against growing oligarchy in US
OUTGOING PREZ FLAGS POTENTIAL RISE OF 'TECH-INDUSTRIAL COMPLEX'
1 min
Bezos blasts into commercial space race
BLUE ORIGIN'S GIANT New Glenn rocket blasted off from Florida early Thursday morning on its first mission to space, an inaugural step into Earth's orbit for Jeff Bezos' space company as it aims to rival SpaceX in the satellite launch business.
1 min
A first: ISRO docks 2 satellites in space
BECOMES 4TH NATION TO ACHIEVE THE FEAT
1 min
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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