Financial Express Ahmedabad - January 22, 2025

Financial Express Ahmedabad - January 22, 2025

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In this issue
January 22, 2025
Exporters Can Import Small Diamonds Sans Duty From Apr 1
The Government on Tuesday announced a scheme that will allow duty-free import of natural cut and polished diamonds of up to 25 cents or quarter of a carat by exporters to retain India's position as a global leader in the entire diamond value chain, according to a statement.
1 min
Experts: Relax 20% pre-deposit rule for stay on I-T demand
IN A BID to free up working capital and ease the burden of businesses, tax experts have urged the government to relax the provisions of submitting a pre-deposit amount in case any business wishes to get a stay on an income tax demand, in the upcoming Budget.
1 min
PLI release for 6 sectors at ₹1,596 cr in H1FY25
THE GOVERNMENT HAS disbursed ₹1,596 crore under the production-linked incentive (PLI) scheme for six sectors, including electronics and pharmaceuticals, in the first half of this financial year, a senior official said on Tuesday.
1 min
Asset monetisation scheme 2.0 with ₹2L-cr annual target likely
PROGRAMME MAY RUN FOR 4-TO-5 YEARS BEGINNING FY26
2 mins
India wary as Trump pulls US out of Pillar 2 tax deal
PRESIDENT DONALD TRUMP, through an executive order, declared on Tuesday that the 15% minimum global corporate tax deal has \"no force or effect\" in the US, effectively pulling the country out of the 2021 pact signed by around 140 countries.
2 mins
Govt extends free tur import policy by one more year
THE GOVERNMENT ON Tuesday extended the duty-free import policy for tur or pigeon peas by a year, until March 31, 2026, according to a notification by the directorate general of foreign trade (DGFT).
1 min
Indian student enrolments in US to grow
Experts see a 20% increase despite Trump comeback
2 mins
10,000 Water Taxis Mooted to Connect Mumbai Suburbs With New Airport
UNION MINISTER NITIN Gadkari on Tuesday said he has discussed a proposal for getting 10,000 water taxis to ferry people from the financial capital's distant suburbs to the upcoming Navi Mumbai International Airport.
1 min
Renewables' share to remain stable at 21% in FY25: Ind-Ra
THE SHARE OF renewables, including large hydro in the country's overall energy mix, is expected to remain stable at nearly 21% in FY25, India Ratings and Research (Ind-Ra) said on Tuesday.
1 min
At ₹2.24 lakh crore, Rajasthan leads Q3 energy investments
Maharashtra, which topped the rankings in Q2, has slipped to second position now
1 min
Law ministry demands EC's response to over 20 queries
THE QUESTIONS WERE RAISED BY JPC ON JOINT POLLS
2 mins
HC to hear Lodha name dispute plea on Jan 27
THE BOMBAY HIGH Court on Tuesday said it would hear on January 27 the application filed by Abhishek Lodha-promoted Macrotech Developers seeking an injunction against his younger brother from using the trademark 'Lodha'.
1 min
D2C snack brands make global forays
The Sweet Spot
2 mins
Kalyani feud: Hiremath wants administrator
SUGANDHA HIREMATH, SISTER of Bharat Forge chairman Baba Kalyani, on Tuesday urged a Pune court to appoint a court administrator to protect the wealth, which includes stakes in listed companies like Bharat Forge, Kalyani Steels and other assets.
1 min
Analysts Remain Bullish on Zomato Despite Share Dip
Expect sustainable growth profitability in the coming years
1 min
Kia India seeks additional time for PLI compliance
KIA INDIA, a participant in the ₹25,938 crore production-linked incentive scheme for the automobile and auto components (PLI-Auto), has reached out to the ministry of heavy industries (MHI) to affirm its commitment to the scheme.
1 min
Startups seek boost in local investments
WITH THE UNION Budget on the horizon, startups and venture capitalists are advocating for key policy measures to foster growth and innovation in the ecosystem.
1 min
Consumer firms pitch for steps to shore up demand
COMPANIES IN THE fast-moving consumer goods (FMCG) and retail sectors are urging the Centre to stimulate consumption through tax slab revisions and demand-boosting measures in the FY26 Budget.
1 min
At ₹25,000-cr, Adani Energy bags its largest ever project
ADANI ENERGY SOLUTIONS (AESL), the transmission and distribution arm of the Adani Group, announced on Tuesday that it has secured the ₹25,000 crore Bhadla (Rajasthan)-Fatehpur (Uttar Pradesh) HVDC (high voltage direct current) project.
1 min
South Indian Bank posts ₹342-cr profit
SOUTH INDIAN BANK has posted a 12% year-on-year growth in net profit for the third quarter at ₹341.87 crore.
1 min
ICICI Prudential Life profit jumps 44%
ICICI PRUDENTIAL LIFE Insurance on Tuesday reported a 44% year-on-year increase in standalone net profit at ₹326 crore for Q3FY25.
1 min
Rate-cut cycle unlikely to begin soon unless liquidity improves
The sluggish deposit growth poses a risk to achieving higher economic growth, says Rajiv Anand, deputy managing director, Axis Bank. In an interview with Sachin Kumar, Anand speaks of the challenges facing the banking sector, including declining credit growth, stress in unsecured loans and tight liquidity. Excerpts:
3 mins
To raise ₹2,000 cr via QIP in Q4, govt holding to fall by 3%
UCO BANK ON Tuesday reported a 27% increase in its net profit to ₹639 crore for the third quarter ended December 2024, helped by both interest and non-interest income.
1 min
Dollar gains, stocks climb as global markets turn jittery
THE DOLLAR RALLIED on Tuesday and stocks rose as Donald Trump's return to the White House brought mixed messaging on tariffs and highlighted markets' nervousness about the trade policy.
2 mins
Major lenders to urge RBI to delay April liquidity rule
SOME OF LARGE lenders are planning to request concessions from the new head of the Reserve Bank of India (RBI) regarding proposed liquidity regulations, arguing the rules could hamper efforts to boost lending, according to people familiar with the developments.
1 min
What this means for India
NATIONS SHOULD NOT 'CEDE AUTHORITY' TO THE WHO, SAYS ALLY MUSK
1 min
Birthright Citizenship to End, Will Impact Indian Americans
STARTING HIS SECOND term with a flurry of executive orders, US President Donald Trump has sought to revoke birthright citizenship - automatic citizenship of children born in the US to non-citizen parents.
1 min
66 dead, 51 hurt in Turkey ski resort fire
A fire at a ski resort hotel in Turkey's Bolu mountains killed 66 people and injured 51 others on Tuesday, forcing panicked guests to jump out of windows in the middle of the night.
1 min
OpenAI CFO: Musk shouldn't use legal challenges to compete
OPENAI CHIEF FINANCIAL Officer (CFO) Sarah Friar characterized Elon Musk's legal challenge to stop the ChatGPT maker from becoming a for-profit company as competitive maneuvering.
1 min
Paris Pact: US pulls out again, undermines climate agenda
THE UNITED STATES will once again withdraw from the 2015 Paris Agreement on climate change, the White House said on Monday night immediately after Donald Trump assumed office for his second term as President.
1 min
Banks run Trump 'war rooms' as bosses prepare for trade ructions
JPMORGAN CHASE & Co bankers worked through the night in a \"war room\" to assess the impact of US President Donald Trump's inauguration-day executive orders, while global markets braced for volatility following his return to the White House.
1 min
Musk antics too much for Germany's central bank
\"SPEND LESS TIME on social media\" is a New Year's resolution that a lot of us are probably already breaking.
3 mins
Tenuous Gaza ceasefire
A permanent cessation of hostilities to facilitate reconstruction, however, is an open question
2 mins
Anatomy of economic slowdown
BREAKING DOWN NUMBERS WHEN GROWTH IS DECOMPOSED, BOTH MOMENTUM DECLINE AS WELL AS BASE EFFECTS PLAY A ROLE
3 mins
DPDP Act will be outdated before it's passed
The Act targets entities which are complex adaptive platforms that have embedded AI in their processes. To expect them to adhere to static regulations is a mistake
4 mins
Making of a showstopper
What Coldplay can teach brands about marketing
3 mins
Ad highlights how setbacks can shape one's journey
Why the campaign rocks:Honda's \"Unstoppable Dreams\" campaign's message—that failure is a crucial part of success—is something I deeply connect with. In a world where we often focus on achievements, this highlights how setbacks shape our journey and, ultimately, lead to the fulfillment of our dreams.
1 min
Inflection point
GenAI has unlocked a new dimension of efficiency & innovation
2 mins
Indian brands one up...
13 of 15 top Indian brands increased or maintained their brand value in 2025.
2 mins
India's IT spending to rise by 11%: Gartner
WORLDWIDE IT SPENDING is projected to reach $5.61 trillion in 2025, reflecting a 9.8% increase from 2024, according to Gartner's latest forecast.
2 mins
India must be wary: Experts
CO-FOUNDER OF GLOBAL Trade Research Initiative Ajay Srivastava said that when talks happen with the US regarding tariffs on goods, India must point out the trade in digital services and defence purchases for striking a balance in trade.
2 mins
Jio Fin, BlackRock infuse ₹117 cr in MF business
JIO FINANCIAL SERVICES (JFSL) on Tuesday said the company and its joint venture partner US-based BlackRock have infused ₹117 crore in the mutual fund company.
1 min
Empowering privacy, enforcing security
The Centre set up an expert committee under the chairmanship of Justice BN Srikrishna to prepare a white paper on data protection framework for India.
2 mins
Brokerages positive on Paytm; shares fall
Profit Booking
1 min
India to enter new era in 2028, says Andhra CM Naidu
SIGNALS WILLINGNESS TO WORK WITH THE US, MORE BALANCED RELATIONSHIP WITH CHINA
2 mins
Tech sector's talent model seen evolving: Infosys CTO
INFOSYS EXPECTS THE way the tech industry manages talent to shift and has already begun experimenting with how this transformation will occur, its chief technology officer Rafee Tarafdar said in an interview.
1 min
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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