Financial Express Ahmedabad - January 22, 2025Add to Favorites

Financial Express Ahmedabad - January 22, 2025Add to Favorites

Go Unlimited with Magzter GOLD

Read Financial Express Ahmedabad along with 9,000+ other magazines & newspapers with just one subscription  View catalog

1 Month $9.99

1 Year$99.99

$8/month

(OR)

Subscribe only to Financial Express Ahmedabad

1 Year $15.99

Buy this issue $0.99

Gift Financial Express Ahmedabad

7-Day No Questions Asked Refund7-Day No Questions
Asked Refund Policy

 ⓘ

Digital Subscription.Instant Access.

Digital Subscription
Instant Access

Verified Secure Payment

Verified Secure
Payment

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

Read all stories from Financial Express Ahmedabad

Financial Express Ahmedabad Newspaper Description:

PublisherThe Indian Express Ltd.

CategoryNewspaper

LanguageEnglish

FrequencyDaily

The Financial Express brings the latest and breaking business news from Markets and Industries in India.
The Financial Express is the best source of information on Business, Finance, Stock Markets, Equity market, Economy, companies and Industries.
Subascribe and stay updated with business & market latest news and analysis report of Financial Markets, Economy and Businesses.

  • cancel anytimeCancel Anytime [ No Commitments ]
  • digital onlyDigital Only