Financial Express Ahmedabad - January 21, 2025

Financial Express Ahmedabad - January 21, 2025

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In this issue
January 21, 2025
Govt allows 1 MT of sugar exports after gap of a year
Traders welcome move; sugar firms' share prices rise
1 min
Ethanol production to get a boost from cut in FCI rice prices
The government's decision to significantly reduce prices of the rice allocated for ethanol manufacturers from the Food Corporation of India's surplus stocks would bring in stability in grain prices.
1 min
Land rules, payment delays hurt manufacturing: CEA
TOUGH RULES FOR land use and large firms' reluctance to clear dues to micro, small and medium enterprises (MSMEs) in time are hurting India's manufacturing and exports, chief economic advisor V Anantha Nageswaran said on Monday.
1 min
OMCs to register strong Q3FY25 earnings
Positive Outlook
2 mins
Top firms to invest ₹3,516 cr under PLI for white goods
24 COMPANIES SELECTED OUT OF 38 APPLICATIONS UNDER SCHEME
2 mins
Agentic framework will be the next big leap of AI
Artificial Intelligence (AI) is rapidly transforming industries, unlocking new possibilities, and challenging traditional business models. Joe Atkinson, chief AI officer at PwC, shares his insights with Raghav Aggarwal on the future of AI applications, its transformative potential across sectors, and the shared responsibility of preparing the workforce for this shift. Excerpts.
1 min
Zomato Q3 profit plummets, misses estimates
Food & Grocery Delivery Firm's Revenue Rose 64% to ₹5,405 cr; Blinkit Boosts Expansion to Outpace Rivals
3 mins
NCLT orders liquidation of Go First
THE NATIONAL COMPANY Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes.
1 min
Nazara raises ₹495 cr from existing investors
GAMING AND ESPORTS company Nazara Technologies raised ₹495 crore through a preferential share issue to Axana Estates.
1 min
Trump factor has implications for economy and business, says Birla
2025 WILL BE MARKED by uncertainty, unpredictability and will be unorthodox, Aditya Birla Group chairman Kumar Mangalam Birla said on Monday while reflecting on the year ahead.
1 min
UBL to resume Telangana beer supply
United Breweries, will resume beer supplies to Telangana, the company said on Monday, weeks after the firm halted supply over pricing and non-payment of dues by the state government.
1 min
Biocon seeks tax cuts on cancer drugs
THE GOVERNMENT SHOULD eliminate tax on drugs for cancer treatment and for chronic and rare diseases, Biocon chairperson Kiran Mazumdar-Shaw said ahead of the FY26 Budget on February 1.
1 min
UBL to resume Telangana beer supply
NO MORE DRY DAYS
1 min
Weaker Rupee to Raise Ticket Sizes of Foreign Education Loans: Experts
THE DEPRECIATING RUPEE is expected to slightly increase the average ticket size of overseas education loans, but it is unlikely to deter students from pursuing higher education abroad, Shweta Guru, chief business officer at Auxilo Finserve, said.
1 min
JSW Renew Energy files appeal against CERC tariff order
JSW RENEW ENERGY Five, a subsidiary of JSW Energy, has filed an appeal with the Appellate Tribunal for Electricity (APTEL) challenging the Central Electricity Regulatory Commission's (CERC) decision to reject the tariff adoption for its BESS pilot project dated January 2, 2025, according to people familiar with the matter.
1 min
TVS enters electric 3-wheeler mkt
TVS has invested ₹125 crore in development of King EV MAX. It is expected to be exported to international markets
1 min
IT firms see shift to shorter deal cycles
CHANGE REFLECTS RAPID TECHNOLOGICAL ADVANCEMENTS
2 mins
Telcos seek tax exemption on AGR dues
Run-up to the Budget 2025-26
1 min
Groww Picks Banks for IPO at Up to $8-bn Valuation
Seizing on the Momentum
1 min
Sensex adds 454 pts, Nifty ends near 23,350; banks, metals, financials lead
BENCHMARK SENSEX SPURTED by 454 points and Nifty closed above 23,300 on Monday following gains in banking, financial and power stocks amid firm global trends.
1 min
Paytm Q3 net loss narrows to ₹208 cr, revenues fall 36%
ONE97 COMMUNICATIONS, THE parent company of Paytm, on Monday said it narrowed losses for the October-December quarter to ₹208.3 crore, from a loss of ₹219.8 crore in the year-ago period.
1 min
Central Bank of India profit jumps 33%
CENTRAL BANK OF India on Monday reported a 33% year-on-year rise in its net profit to ₹959 crore for the quarter ended December.
1 min
IOB profit rises 21% on strong growth in interest income
Good Show
2 mins
IndusInd Bank CFO resigns, deputy CEO to take charge
INDUSIND BANK CHIEF financial officer Gobind Jain has resigned from his post to pursue other professional opportunities, the private lender said in an exchange filing on Monday.
1 min
RBI Paves Way for Faster Resolution of Retail NPAs for ARCs
IN A RELIEF to asset reconstruction companies (ARCs), settling small-ticket bad loans of ₹1 crore or less will now be easier.
1 min
Shock-proofing the UK economy
Rather than view recent market volatility negatively, the govt has a chance to frame it as a moment to improve public understanding of what it is doing
3 mins
Trump 2.0
India has to play its strategic cards well as campaign rhetoric often differs from governing realities
2 mins
Promising outlook for Havells India
Aims 14% revenue and 24% EPS CAGR during FY25-27
1 min
Infy: Improvement in discretionary demand
Expects strong revenue growth of 5-7.9% in FY26
1 min
Kotak Bank to Maintain Its Margins
Aided by a rate-cut cycle & led by growth in high-yielding assets
2 mins
Dixon Lines Up $3-bn Display Fab Unit
Lall said it is a high EBITDA margin business for the company.
1 min
On Day 2 of ceasefire, Gazans search for people under rubble
PALESTINIANS BEGAN SEARCHING on Monday for thousands of Gazans believed still buried under rubble, as residents expressed shock at the devastation wrought by 15 months of war on the enclave on the second day of a ceasefire between Israel and Hamas.
1 min
Dollar dives on potential delay to tariffs
PROMISES FLURRY OF EXECUTIVE ORDERS ON DAY 1, INCLUDES PARDONING PEOPLE CHARGED FOR JAN 6, 2021 RIOTS
3 mins
Labour codes..
The unique identity will store all the information of the workers such as their monthly earnings, past work records etc. According to Niti Aayog, there were 7.7 million gig and platform workers in 2020-21, which are estimated to rise to 23.5 million by 2029-30.
1 min
Q-comm boom leaves brands in queues
This has made their evaluation and onboarding processes more stringent.
2 mins
'Facebook, X to do more against hate speech'
META'S FACEBOOK, ELON MUSK'S X, Google's YouTube and other tech companies have agreed to do more to tackle online hate speech under an updated code of conduct that will now be integrated into EU tech rules, the European Commission said on Monday.
1 min
Uttarakhand govt clears UCC rules
Set to be rolled out after local body elections
1 min
Police found 19 fingerprints at Saif's house, to match with accused
Following the attack on actor Saif Ali Khan, the Mumbai Police found 19 fingerprints at his house that are suspected to be of the attacker, said sources.
1 min
RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
1 min
Bachchan's ₹83-crore deal: Mumbai property market sizzles again
Stars Heating Up City Realty
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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