Financial Express Ahmedabad - February 12, 2025
Financial Express Ahmedabad - February 12, 2025
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In this issue
February 12, 2025
US sanctions not to hit oil trade with India: Russia
RUSSIA WILL CONTINUE to supply oil to India in an economical, legal, and just manner, and the latest US sanctions on Moscow should not be a hindrance, Russia's first deputy energy minister Pavel Sorokin said on Tuesday on the sidelines of the India Energy Week here.
2 mins
BPCL to sign 5-yr LNG deal with ADNOC
WITH A FOCUS on refinery expansion and petrochemicals, the state-owned Bharat Petroleum (BPCL) is looking to move ahead with its exploration and production projects overseas, including in Brazil and Mozambique, the company's director-finance Vetsa Rama Krishna Gupta told FE during the ongoing India Energy Week conference.
2 mins
Nuclear power on Modi-Trump meet agenda
PRIME MINISTER NARENDRA Modi will discuss nuclear energy, including small and modular reactors, during his meeting with US President Donald Trump this week.
1 min
Trade pact with Israel will depend on industry views
A FREE TRADE agreement between India and Israel would hinge on recommendations to be made by their respective industries after the ongoing interactions, Israel's minister of economy and industry Nir Barkat said on Tuesday.
1 min
PM: Working to increase refining capacity by 20%
INDIA IS CONTINUOUSLY carrying out reforms to fully explore the potential of its hydrocarbon resources and is working to increase its refining capacity by 20%, Prime Minister Narendra Modi said at the inauguration of the India Energy Week meet.
1 min
FM Calls For Free Trade, Stresses Need To Boost Household Sentiments
Entire borrowings of govt to finance capital expenditure
2 mins
Most states roll out crucial labour reforms
Most states and UTs have implemented the critical reforms pertaining to provisions of the four central labour codes, such as increasing threshold for licence under contract labour allowing women to work in night shifts, compounding of offences etc.
1 min
Bajaj Group to invest ₹10K cr in hospital chain
BAJAJ GROUP HAS earmarked ₹10,000 crore as an initial investment to establish a chain of hospitals in India, sources said.
1 min
Lam Research to invest ₹10K crore to expand base
US-BASED LAM RESEARCH, which provides machinery to make semiconductors, on Tuesday announced an investment of ₹10,000 crore to expand its footprint in India.
1 min
JSW Group to Invest ₹1.2L Cr in Karnataka
THE JSW GROUP will invest ₹1.2 lakh crore in Karnataka over the next few years, the $24 billion group's chairman and managing director Sajjan Jindal said during the Invest Karnataka Summit 2025 on Tuesday evening.
1 min
Merger of skilling schemes to benefit more: NSDC CEO
THE UNION CABINET'S decision to amalgamate three schemes under the Skills India Programme (SIP) would drive synergies between the schemes, Ved Mani Tiwari, CEO of National Skill Development Corporation (NSDC) told FE.
1 min
Trump's eye-for-eye tariff threat puts India at risk
ECONOMISTS ARE WARNING the next stage of Donald Trump's trade war would open new fronts across Asia, with India and Thailand among the nations most exposed to risks from the US president's vow to impose reciprocal tariffs on partners.
1 min
Beer prices to go up by 15% in Telangana after state govt nod
THE TELANGANA GOVERNMENT has permitted Telangana Beverages Corporation to increase beer prices by 15%.
1 min
Green shoots of recovery in metro cities: KFC operator
Quick service restaurant operator Devyani International witnessed a slight uptick in demand in metro cities in the October-December quarter, non-executive chairman Ravi Jaipuria said on Tuesday.
1 min
PE/VC investments expected to grow this year, says report
However, the IVCA-EY report adds that concerns over US trade tariffs and the rupee depreciation persist
1 min
Coca-Cola's Maaza enters billion-dollar-brand club
SOFT DRINKS MAJOR Coca-Cola Company on Tuesday said its mango juice offering, Maaza, has become a billion-dollar brand, as the sales of its drinks witnessed a rebound in India in the October-December quarter.
1 min
Vodafone Idea Narrows Loss to ₹6,609 Cr in Q3
VODAFONE IDEA on Tuesday posted a smaller-than-expected net loss at ₹6,609.3 crore in the December quarter on the back of lower finance cost and tariff hikes in July.
1 min
Lakhani, Anand to quit as Peak XV MDs
SHAILESH LAKHANI AND Abheek Anand, managing directors at Peak XV Partners (formerly Sequoia Capital India & SEA), are set to leave the venture capital firm, according to a social media post.
2 mins
Samsung volumes take a hit on premium push
SOUTH KOREAN SMARTPHONE maker Samsung's strategy to focus on premium mobile phones has led to a decline in its overall market share—in terms of the number of units sold—for the second straight year in 2024.
2 mins
EV funding to be in the slow lane
LOSING PACE
2 mins
India biz tripled in 3 yrs: Hansgrohe CEO
The $1.45 billion Hansgrohe Group, a German luxury home fittings maker, is looking at acquisitions while expanding its distribution, marketing, and manufacturing footprint in India, capitalising on the country's booming real estate and luxury housing market.
1 min
Mswipe eyes ₹450 cr revenue by FY26
MUMBAI-BASED FINTECH firm Mswipe is aiming for ₹450 crore in revenue by FY26, a 40% increase from its ₹276.9 crore revenue in FY24.
1 min
Dhaka seeks power supply restoration from Adani
BANGLADESH HAS ASKED Adani Power to fully resume supplies from its 1,600-megawatt plant in India, a Bangladesh official said, after more than three months of reduced sales with supplies halved due to low winter demand and payment disputes.
1 min
RBI Clears the Way for Equity Sales by ARCs
The Reserve Bank of India (RBI) will allow bad debt managers to list equity shares in the domestic public market.
1 min
Sebi bans no-revenue firm LS Industries, five others
The Securities and Exchange Board of India (Sebi) on Tuesday banned Himachal Pradesh-based zero-revenue company LS Industries, its promoter Profound Finance and four others from buying, selling or dealing in securities or accessing the capital market, following allegations of fraudulent activities and stock price manipulation.
2 mins
40% New-Age Tech Stocks Fall Below IPO Issue Prices
VALUATION CONCERN TAKES ITS TOLL
1 min
Rashmi Saluja moves court again, Religare board fights back
The battle for control of Religare Enterprises (REL) has started looking like a never-ending soap opera.
2 mins
Mid-caps, small-caps get battered
Taking Deep Cuts Post A Stellar Show
1 min
Powell affirms patience on Fed rate cuts
US FEDERAL RESERVE Chair Jerome Powell told lawmakers on Tuesday the argument for free trade still makes sense but added that it was not the role of the central bank to comment on tariff or trade policy but to react to how it impacts the economy.
1 min
Altman snubs Musk-led group's $97.4-billion offer for OpenAI
TESLA BOSS RECENTLY CRITICISED A $500-BN PROJECT LED BY CHIP GIANT
2 mins
The Ace of Tariffs
TO EXPAND STRATEGIC PARTNERSHIP, BUDGET ANNOUNCEMENTS SHOULD BE CRYSTALLISED WITH ACTION
3 mins
Market Mayhem
There is a risk that earnings will not meet expectations at a time when the global environment is uncertain
2 mins
Vance warns against heavy AI regulation
Need for quality data sets free of biases, says Modi
2 mins
Ad spend in India set to top ₹1.6L cr
To Grow by 7% This Year
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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