Financial Express Ahmedabad - February 01, 2025
Financial Express Ahmedabad - February 01, 2025
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In this issue
February 01, 2025
Budget to Give New Energy: PM
A DAY BEFORE the Union Budget, Prime Minister Narendra Modi called on the citizens of India to aid in fulfilling the dream of Viksit Bharat by 2047, which will mark a century of the nation's Independence.
1 min
Smartphone Market Revenue at New High
INDIA'S SMARTPHONE MARKET shipments grew 1% year-on-year in 2024, reaching 153 million units, while wholesale revenue rose 9% y-o-y to hit a record high, thanks to premiumisation, according to a Counterpoint Research report.
1 min
Nestle misses estimates on weak urban demand
NESTLE INDIA ON Friday reported a 6.2% year-on-year (y-o-y) increase in standalone net profit to ₹696.1 crore for the October-December quarter, falling short of Street estimates due to weak urban consumption and high inflation.
2 mins
Niranjan Gupta quits as CEO of Hero MotoCorp
HERO MOTOCORP on Friday said that chief executive officer Niranjan Gupta will step down from his post and his last working day will be April 30.
1 min
Sun Pharma Profit Beats Estimates on Strong Sales
SUN PHARMACEUTICAL, largest drugmaker by revenue, reported a bigger-than-expected quarterly profit on Friday, aided by strong sales in the domestic market.
1 min
Marico revenue up 15% at ₹2,794 cr
Marico on Friday reported a 4.2% year-on-year (y-o-y) increase in consolidated net profit to ₹399 crore for the October-December quarter (Q3FY25), while revenue grew 15.4% y-o-y to ₹2,794 crore, aligning with Street estimates.
1 min
Ola Launches Gen 3 e-scooter Line-up
OLA ELECTRIC on Friday launched its third-generation (Gen 3) electric scooter lineup, introducing eight new models with improved performance.
1 min
Lodha vs Lodha: HC appoints mediator in brothers' dispute
THE BOMBAY HIGH Court on Friday appointed former Supreme Court Justice RV Raveendran as a mediator in the trademark dispute between brothers Abhishek and Abhinandan Lodha, after both parties agreed to go for mediation.
1 min
Jan electric car sales jump 23% as MG Motor leads the charge
ELECTRIC PASSENGER VEHICLE sales in January were up 23.4% to 10,454 units compared to the same month last year, according to Vahan portal data, which provides retail sales based on registration of vehicles. On a sequential basis, sales rose 15%.
1 min
Local firm AceCloud to offer DeepSeek GenAI models
INDIGENOUS CLOUD SERVICE provider AceCloud will offer Chinese artificial intelligence platform DeepSeek-based technology models to businesses with claims that the data residency will remain in India, the company said on Friday.
1 min
Upstox's profit jumps 8x to ₹190 cr in FY24
MUMBAI-BASED DISCOUNT brokerage firm Upstox recorded a 25% year-on-year growth in its revenue at ₹1,311 crore in FY24, the company said in a statement.
1 min
Will Reach Out to Lenders of Go First: Busy Bee to NCLAT
BUSY BEE AIRWAYS, which has challenged the liquidation of grounded carrier Go First, on Friday informed the National Company Law Appellate Tribunal (NCLAT) that it will try to reach out to the lenders concerned.
1 min
Morgan Stanley Upgrades Titan, Jubilant FoodWorks
CITES RESILIENT BIZ MODELS, STRONG STRATEGIC POSITIONING
1 min
Bandhan Bank Q3 PAT slumps 42% to ₹426 cr
BANDHAN BANK ON Friday reported a 42% decline in its net profit for the third quarter of the current financial year at ₹426 crore as compared to ₹733 crore in the year-ago period.
1 min
IndusInd Bank's profit drops 39%
INDUSIND BANK REPORTED a slightly sharper than expected drop in third-quarter profit on Friday, as it set aside more funds to cover bad loans and as asset quality deteriorated due to stress in microfinance loans.
1 min
Sharp rise in share of trained workforce
A SHARP INCREASE in the share of trained workforce over the past five years, a tiered approach towards training the current workforce in AI tech, and preparing India's youth for the global talent demand are the key skilling trends highlighted in the Economic Survey 2024-25.
1 min
Rupee weakens but remains stable against peers
THE ECONOMIC SURVEY is quite unfazed about the rupee's depreciation in recent months.
1 min
Sebi Mulls Combo Product of Life Term Insurance, MFs
CAPITAL MARKETS REGULATOR
1 min
Core sector growth slows to 4% in Dec
Capex surges by 95% in December
2 mins
IBC Must Evolve Constantly for Better Outcome
A continuously evolving and improving Insolvency and Bankruptcy Code (IBC) framework is important for achieving a 7-8% growth over the next decade, as growth aspirations require capital to operate at the frontiers of productivity and efficiency, the Economic Survey stated.
1 min
Pivot Towards Ease Of Business
Focus on domestic growth levers not an option but compulsion
2 mins
EV Policy Needs to De-risk Supply Chain, Restrict Chinese Imports
Push for signing technology transfer pacts with countries
1 min
Tax certainty and stability to aid higher inflows
INDIA MUST PULL all stops to attract foreign direct investment (FDI) and make itself more attractive to overseas investors through tax certainty and stability in matters like Advance Pricing Agreements (APAs), the Economic Survey said.
2 mins
Challenges to exports can be an opportunity
THE CHALLENGES THAT India's exports face from rising protectionism in form of tariffs and other barriers can be turned into an opportunity by adapting to the emerging trends and leveraging strengths, according to the Economic Survey.
1 min
Inter-cropping of floriculture with rice to boost income
THE SURVEY HAS noted that growing flowers in rice-based crop sequences gave higher net returns than other inter-cropping patterns such as rice-soyabean, rice-bell pepper, rice-fodder maize, rice-cowpea and rice-radish.
1 min
Mental well-being of youth at core of economic agenda
Identifying mental health of youth as one of the drivers of the future economy, the Survey suggests some areas where the government has to step in for impactful preventive strategies and interventions as India's demographic dividend is riding on skills, education and physical health.
2 mins
WORKFORCE VULNERABLE TO AI
Need institutions that can upskill and help in transition
2 mins
AVOID OVER-FINANCIALISATION
RAPID FINANCIAL SECTOR GROWTH FAVOURS PROJECTS WITH HIGH COLLATERAL BUT LOW PRODUCTIVITY
2 mins
Equity market to see meaningful correction in 2025
NOTWITHSTANDING THE REMARKABLE performance of the stock market in recent years, the Economic Survey cautioned investors about a meaningful correction in 2025.
1 min
Domestic growth, global risks
BUDGET SHOULD LAY GROUND FOR STRATEGIC POLICY MOVE ON INFRASTRUCTURE, ENERGY
4 mins
Erase the trust deficit
The govt should pay heed to the sensible suggestions made in the Economic Survey
2 mins
A Budget for well-being freedom
Allocations towards medical interventions will not be sufficient; simultaneously improving our physical, mental, and social well-being needs to be prioritised
3 mins
An EV charger than can manage solar, grid power
EXICOM, the EV charger value chain company, has launched a solution called Harmony Boost, which, it claims, combines solar power, grid input, intelligent battery energy storage system (BESS) and multiple dispenser units (up to 400 kW) to deliver a greener and faster EV charging experience.
1 min
A new electric bike, a new thinking
F77 SuperStreet can be charged at car charging stations
1 min
Buy gold on dips to benefit from price rally
Allocation up to 15% will be ideal to stabilise portfolio
2 mins
Why Tata's CNG car sales are rising
Twin-cylinder tech, CNG in top variants boost sales
2 mins
Chevron Misses Earnings Estimate
The second-largest US oil producer posted total earnings of $3.24 billion for the three months ended December 31, up from $2.26 billion in the same period last year
1 min
Samsung Warns of Slow AI Chip Sales in Q1
SAMSUNG ELECTRONICS on Friday warned of sluggish sales of its artificial intelligence chips in the current quarter due to US export restrictions to China, and as it worked towards launching an improved version of its high-end chips.
1 min
Birthright citizenship was for children of slaves: Trump
PRESIDENT DONALD TRUMP has said that birthright citizenship was primarily intended for the children of slaves and not for the whole world to \"come in and pile\" into the US.
1 min
US Is Probing Whether DeepSeek Used Restricted Nvidia's AI Chips
The US Commerce Department is looking into whether DeepSeek, the Chinese company whose AI model's performance rocked the tech world, has been using US chips that are not allowed to be shipped to China, a person familiar with the matter said.
1 min
'Nominal GDP in FY26 may grow at 10-10.5%'
While striving for 8% growth on a sustained basis, India should focus as much as possible on domestic drivers of growth given global uncertainties, chief economic adviser V. Anantha Nageswaran told Prasanta Sahu in an interview.
3 mins
Salary growth is not keeping pace with profit surge: Survey
● Wages need to be indexed to inflation, not profit: India Inc
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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