Financial Express Ahmedabad - February 13, 2025
Financial Express Ahmedabad - February 13, 2025
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In this issue
February 13, 2025
Modern trade sees volume decline as q-comm rises
Convenience factor, increased discounting & availability of a wide assortment of products driving shift
2 mins
EIL in talks on nuclear foray: CMD
STATE-RUN EPC COMPANY Engineers India Ltd (EIL) is under discussion with domestic and global stakeholders for collaboration for setting up conventional nuclear power plants and small modular reactors, the company's chairperson and managing director Vartika Shukla said.
1 min
ONGC aims to double acreage in 5 years'
STATE-OWNED ONGC aims to double its domestic exploration and production acreage to 500,000 square kilometers over the next five years, its director-finance Vivek Chandrakant Tongaonkar told FE.
2 mins
India's natural gas demand to rise 60% by 2030, says IEA
India's natural gas demand is forecast to increase by nearly 60% by 2030 putting the country's projected gas demand on a par with some of the world's largest consumers, the International Energy Agency (IEA) said on Wednesday.
2 mins
IIP growth falls to 3-month low of 3.2%
INDIA'S FACTORY OUTPUT growth, based on the index of industrial production (IIP), fell to a three-month low of 3.2% in December from 5% in November, according to official data released on Wednesday.
1 min
Food inflation down to 6.02%
RETAIL INFLATION, BASED on the consumer price index (CPI), fell to a five-month low of 4.31% in January from 5.22% in December, mainly due to a decline in prices of key food items such as vegetables, official data released on Wednesday showed.
2 mins
Pulses buffer stock at less than half of norm
WITH A SHARP fall in the procurement of pulses in the past couple of years due to prices ruling above the minimum support price (MSP), the government's buffer stock fell to less than half of the norm.
1 min
CM pitches MP as investor-ready state
MADHYA PRADESH'S INDUSTRY and investment policies are investor-friendly, with a special focus on startups, chief minister Mohan Yadav said on Wednesday.
1 min
15 Japanese Firms Bet Big on Karnataka With ₹7,500 Cr Investment
THE KARNATAKA GOVERNMENT announced on Wednesday that 15 major Japanese companies have committed to investing ₹7,500 crore by signing MoUs during 'Invest Karnataka 2025' summit.
1 min
Enforce Fiscal Discipline in States: NCAER
WITH STATES ACCOUNTING for a third of India's burgeoning public debt and only about half of them exhibiting fiscal prudence, a National Council of Applied Economic Research (NCAER) paper has recommended that the Finance Commission use fiscal \"grand bargain\" for debt relief to heavily indebted states in return for conceding additional central government oversight.
1 min
Rules on construction & service contracts part of main I-T law
THE NEW INCOME-Tax Bill provides for a specific section which outlines the rules for determining profits and gains from construction contracts and service contracts for the purpose of computation of tax.
1 min
Firms get more time for share format conversion
THE MINISTRY OF corporate affairs (MCA) has given an extension for private companies to convert their physical shares into electronic form by June 2025.
1 min
I-T search rules to also cover crypto
● Bill expands scope of 'undisclosed income' and virtual digital assets
1 min
Housing sales rise in tier 2 cities
Housing sales in top 15 tier 2 cities rose by 4% to 178,771 units, with sales value rising by 20% to ₹1.52 lakh crore in 2024, show PropEquity data, reports Raghavendra Kamath.
1 min
₹90,000-crore relief package for telcos awaits Cabinet secy's call
THE CABINET SECRETARY is expected to take a final call on a proposal for providing around ₹90,000-crore relief package to telecom operators like Bharti Airtel and Vodafone Idea, by waiving off a significant portion of their adjusted gross revenue (AGR) dues.
2 mins
Reliance Sets Up Subsidiary in Singapore
RELIANCE INDUSTRIES (RIL) ON Wednesday said it has incorporated a subsidiary, named REC Sustainable Energy Solutions, in Singapore to set up a global capability centre for consolidating research and development (R&D) activities.
1 min
M&M Cautious on Production Ahead of New EV Launches
AHEAD OF THE much-awaited launch of its two new electric vehicles BE 6 and XEV 9e, SUV heavyweight Mahindra & Mahindra (M&M) has adopted a cautious approach towards their production.
1 min
Small deals drive up volumes in growth-stage funding: Report
Despite growth-stage investments declining consistently since 2021 in terms of value, a sharp rise in the number of deals below $20 million has driven volumes to a record high of 388 deals in 2024, according to a report.
1 min
SoftBank Funds Lose $2.3 Billion in December Quarter
JAPANESE INVESTOR SOFTBANK Group Corp's tech-focused Vision funds reported an investment loss of $2.3 billion (352.7 billion yen) for the quarter ended December.
2 mins
Freshworks trims loss by 31% in 2024
FRESHWORKS, A NASDAQ-listed software-as-a-service (SaaS) firm, reported a reduced net loss of $21 million for the fourth quarter ended December 2024, compared to $28 million in the same period of 2023. Revenue rose 22% year-on-year to $195 million in Q4.
1 min
Domino's parent misses estimates
Jubilant FoodWorks' profit was hit by higher expenses on rapid store expansion, especially for Domino's
1 min
Now, get a TV in 10 minutes from Blinkit
BLINKIT, THE QUICK commerce arm of food delivery platform Zomato, on Wednesday announced that it would start delivering TV through its platform in select areas of Delhi-NCR, Mumbai and Bengaluru.
1 min
'Portfolio expansion priority'
Truck and bus maker Ashok Leyland's management said its cash holding now exceeds its debt position, bolstering its investment plans for the coming year.
2 mins
Ashok Leyland profit at ₹762 cr
COMMERCIAL VEHICLE MAKER Ashok Leyland reported its highest-ever third quarter net profit of ₹762 crore on Wednesday, aided by lower raw material costs and deferred tax credits.
1 min
Honasa Consumer post ₹26 cr profit, beats estimates; revenue up 6%
HONASA CONSUMER, THE parent firm of Mamaearth, on Wednesday reported a consolidated net profit of ₹26 crore during the October-December quarter, beating Street estimates of ₹17 crore.
1 min
RBI caught in a cleft
A BALANCING ACT
2 mins
Prudential Plans to List JV with ICICI Mutual Fund
BRITISH INSURER AND asset management company Prudential Plc announced on Wednesday that it is evaluating a potential listing of ICICI Prudential Mutual Fund, India's second-largest fund house.
1 min
Near-term forward premiums retreat from two-year highs
THE ONE-MONTH FORWARD premiums have come down to 3.00%, from almost 3.70% in December.
1 min
Investors Keep Faith in Equities
Large-cap funds see 52% rise, mid- and small-cap flows at record highs
2 mins
RBI Lifts Curbs on Kotak Bank, Allows Issuing Fresh Credit Cards
The Reserve Bank of India (RBI) on Wednesday lifted the nearly 10-month-long restrictions on Kotak Mahindra Bank, which had prevented the lender from onboarding new digital clients and issuing credit cards due to deficiencies in its IT infrastructure.
1 min
Prez May Dust Off Biz Discrimination Law
PRESIDENT DONALD TRUMP is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal US tariffs that will match other countries' higher import taxes, trade and legal experts say.
1 min
US inflation rises to 3% for first time since June
US INFLATION PICKED up broadly at the start of the year, further diminishing chances the Federal Reserve will cut interest rates anytime soon.
2 mins
Trump administration battles employee lawsuit to block dismantling of USAID
The Trump administration will present an unforgiving argument for dismantling the US Agency for International Development to a federal judge Wednesday: USAID is rife with \"insubordination\" and must be shut down for the administration to decide what pieces of it to salvage.
2 mins
Musk's DOGE cuts based more on political ideology
THE FIRST PHASE of the rapid-fire effort by Tesla CEO Elon Musk and President Donald Trump to cut waste from government agencies appears driven more by an ideological assault on federal agencies long hated by conservatives than a good-faith effort to save taxpayer dollars, according to two veteran Republican budget experts.
2 mins
Companies Sound Alarm as Tariff Tensions Escalate
Supermarket Group Ahold Delhaize and Siemens Energy said on Wednesday US import tariffs will lead to higher prices as they pass on the costs, while speciality steel-maker voestalpine urged Brussels to retaliate for duties threatened by Donald Trump.
1 min
Skill Gloom
The L&T chief has raised a critical point, but welfare schemes alone are not the reason for labour shortage
2 mins
To win the global money game, US has to play
FOR FAR TOO many people, moving money around the world is much more difficult than it should be.
3 mins
AI to speed up lung cancer detection
Qure.ai's qXR tool enhances diagnostic accuracy from X-rays
1 min
Income tax law made easier
THE NEW BILL includes virtual digital assets, also called cryptocurrencies in the category of 'undisclosed income' during searches, apart from the existing ones such as gold and bullion.
2 mins
SC slams freebie culture
The petitioner said, \"That was not my intent. I didn't mean that.\" Justice Gavai said, \"How do you say compassion is shown only for the rich?\"
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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