Financial Express Chandigarh - February 04, 2025
Financial Express Chandigarh - February 04, 2025
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In this issue
February 04, 2025
Manufacturing PMI rises in Jan
INDIAN MANUFACTURERS STARTED 2025 on a strong note after a slight moderation in December. The HSBC India Manufacturing PMI rose to a six-month high of 57.7 in January from a one-year low of 56.4 a month ago.
1 min
Investors from EFTA nations to visit India next week
A 100-strong group of investors from members of the European Free Trade Association (EFTA) will be in India next week to explore business opportunities.
1 min
Bhutan PM to Attend Bengal Business Meet
BHUTAN'S PRIME MINISTER Tshering Tobgay is scheduled to visit Kolkata for two days to attend the state's business summit to be held later this week, an official from the Royal Bhutanese Consulate in Kolkata said on Monday.
1 min
Average customs duty cut to 10.65%: CBIC chairman
INDIA HAS SIGNIFICANTLY reduced its average customs duty from 11.65% to 10.65%, which is at the level prevalent in Southeast Asian countries, Sanjay Kumar Agarwal, chairman, Central Board of Indirect Taxes & Customs (CBIC), said at a CII event on Monday.
1 min
Flat capital expenditure of railways may hit suppliers
THE PACE OF capital expenditure by Indian Railways has slowed with the Budget allocating just ₹2.52 lakh crore to the transporter in FY26 which in real terms denotes a marginal year-on-year decline.
1 min
CEA: Geo-economic uncertainties behind Budget measures
THE CURRENT STATE of the world economy as well as geo-economic uncertainties are the \"driving force\" behind many of the Budget announcements, chief economic adviser V Anantha Nageswaran said at a CII event on Monday.
1 min
Govt Receives 70 Bids for 20 Coal Blocks
A TOTAL OF 70 bids have been received for 20 coal mines out of the 27 blocks put on auction in the latest round, the ministry of coal said on Monday.
1 min
Not worried about rupee's fall, says finance secretary
THERE IS NO concern over the falling value of rupee, against the US dollar, as such events do occur in times of unabated outflow of foreign funds, finance secretary Tuhin Kanta Pandey said on Monday.
1 min
Manufacturing PMI rises in Jan
INDIAN MANUFACTURERS STARTED 2025 on a strong note after a slight moderation in December. The HSBC India Manufacturing PMI rose to a six-month high of 57.7 in January from a one-year low of 56.4 a month ago.
1 min
FTA talks with UK in month-end
BRITISH OFFICIALS TO VISIT INDIA FOR 15TH ROUND OF NEGOTIATIONS
2 mins
FM to Address RBI Board on Saturday
Finance Minister Nirmala Sitharaman is scheduled to address the Reserve Bank of India's central board on February 8 and highlight key points of the Budget, including significant income tax relief to boost demand.
1 min
Insurance Bill likely in Budget session
THE MUCH-AWAITED INSURANCE (Amendment) Bill to allow 100% foreign direct investment (FDI) in the sector and composite licensing will likely be taken up in the Budget session of Parliament, financial services secretary M Nagaraju said on Monday.
1 min
Fitch flags downside risk to India's rating
INDIA'S PACE OF debt reduction is gradual, leaving room for downside risk to sovereign rating in the eventuality of a significant economic shock, Fitch Ratings said on Monday.
2 mins
Centre wants BSNL to step up this fiscal
Budget Impact
1 min
Gig workers' earnings seen rising 9-11.6%
THE UPWARD TRAJECTORY seen in earnings of workers at dark stores as also delivery partners of quick commerce players in 2023-24, is expected to continue in the current year albeit at a moderated pace.
2 mins
Court to Decide Validity of Kalyanis' Wills
IN A DEVELOPMENT that will extend the timeline to resolve the dispute between the Kalyani family, the two wills filed for probate by Baba Kalyani, the chairman and MD of Bharat Forge, and his brother, Gaurishankar Kalyani, will now go to trial.
1 min
TVS, Royal Enfield lead January 2W sales rally
BAJAJ SLIDES THE MOST, HERO SEES A MARGINAL FALL
1 min
Trump tariff on China a boon for India electronics exports
A 10% import tariff imposed by the US on China is being viewed as positive for made-in-India electronic products such as smartphones, laptops and tablets, analysts said.
2 mins
Make-in-India EV Goal May Take a Hit
● Cut in auto PLI outlay to hinder cost reduction too
1 min
Make-in-India EV goal may take a hit
● Cut in auto PLI outlay to hinder cost reduction too
4 mins
BharatPe CMO Parth Joshi Quits
PARTH JOSHI, the chief marketing officer of BharatPe, has resigned from his post and is currently serving a notice period at the IPO-bound company, according to people in the know.
1 min
Rupee falls 55 paise to breach 87, benchmarks remain volatile
HOWEVER, IT RECOUPED some losses as a state-owned bank sold dollars on behalf of the Reserve Bank of India (RBI) at 87.29/$, preventing the rupee from falling beyond 87.16.
2 mins
Duty cut on jewellery to boost demand
Adding Sheen
1 min
Digital Ad Market to Touch ₹60k Cr in 2025: Dentsu
Rapid Expansion
1 min
Bond yields soften
GOVERNMENT BOND YIELDS declined on Monday, the start of a week in which the central bank is widely expected to follow its recent liquidity-boosting measures with its first interest rate cut in nearly five years.
1 min
Veteran Banker Victor Menezes Passes Away
Veteran Banker Victor Menezes, one of the earliest India-origin CXOs to lead multinationals, has died in the US at the age of 77, sources said on Monday.
1 min
RBI may cut rates by 25 bps to spur growth
RATE-REDUCTION CALLS GET LOUDER
3 mins
Religare takeover saga: Gaekwad seeks exemption from open offer regulations
● Writes to Sebi chief arguing that RBI clearance came only on Dec 9, 2024
2 mins
Rupee likely to weaken more on rate-cut bets as RBI loosens grip
THE RUPEE IS expected to weaken further against the dollar, after hitting a new low on Monday, as traders bet on interest-rate cuts amid signs the Reserve Bank of India (RBI) is loosening its grip on the currency under its new chief.
1 min
Three proxy firms oppose Saluja's reappointment
● Cite issues of conflict of interest, hefty remuneration
2 mins
US Manufacturing Activity Expands in Jan
US FACTORY ACTIVITY expanded last month for the first time since 2022 as orders ramped up and production quickened, pointing to a brighter manufacturing outlook.
1 min
OpenAI, SoftBank to develop AI for Japan
OPENAI AND SOFTBANK Group are joining forces in a joint venture to sell AI services to businesses across Japan, one of the broadest efforts yet to sell the fast-growing startup's tools to enterprise customers outside of the US.
1 min
Tesla registrations dip 63% in France
TESLA REGISTRATIONS PLUMMETED 63% last month in France, the European Union's second-biggest market for battery-electric vehicles.
1 min
OPEC+ sticks to oil policy, ditches US government data
OPEC+ AGREED TO stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government's Energy Information Administration from the sources used to monitor its production and adherence to supply pacts.
1 min
USAID to shut down to cut costs: Musk
Billionaire Elon Musk, who is heading US President Donald Trump's drive to shrink the federal government, gave an update on the effort early Monday, saying work is underway to shut down the US foreign aid agency USAID.
1 min
DeepSeek Gives Europe's Firms a Chance to Catch Up
HEMANTH MANDAPATI, boss of German startup Novo AI, was an early adopter of DeepSeek chatbots when he switched to the Chinese AI model from OpenAI's ChatGPT two weeks ago.
2 mins
Trade War Heats Up After Trump Orders Tariffs
THE UNITED STATES AND its biggest trading partners were hurtling Monday into a new era of protectionism as Canada and China said they would adopt countermeasures against new tariffs levied by President Donald Trump.
2 mins
ECB dithers while euro economy flatlines
US PRESIDENT DONALD Trump couldn't have been clearer that the euro area is next in line for tariffs, and if he is going for maximum impact he will aim squarely for Germany and France.
3 mins
Will Trump win Nobel Peace Prize?
HE FERVENTLY DESIRES IT TO FORTIFY HIS LEGACY AND TO MATCH IT WITH OBAMA'S
4 mins
The genesis of 4% inflation target
Forty years ago, the Chakravarty Committee Report first proposed the aim that the Urjit Patel Committee approved in 2014 shaping inflation targeting in India
3 mins
Dealing with a maverick
As Trump is bent on a tariff war, India's strategy must include a mix of striking back & coalition building
2 mins
InvIT investments to fuel expansion for IRB Infra
Strong order book, BOT pipeline to drive 16% CAGR in FY24-27
1 min
Sun Pharma Bets Big on Specialty Biz
● Global sales to contribute 20% of total revenue by FY27
2 mins
Gradual sales recovery expected for Nestle
● Planning price hike in Q4 due to rising raw material costs
1 min
Campaigning for Delhi Assembly elections ends
THE HIGH-PITCHED campaign for the Delhi Assembly elections—which saw the AAP, BJP, and Congress raising the stakes with various poll sops and schemes—drew to a close on Monday.
2 mins
Tax sops to add ₹45K cr to bank deposits: DFS secy
TOTAL BANK DEPOSITS by senior citizens have increased 150% from ₹13.7 lakh crore in 2018 to ₹34.2 lakh crore in 2023. The average deposit per such account has also increased from ₹3.34 lakh to ₹4.63 lakh during the period.
1 min
Tariff War 2.0: US Says Europe Next
HE SAID THE tariffs against the three largest US trading partners, which take effect on Tuesday, might cause Americans some short-term pain, but \"long term, the US has been ripped off by virtually every country in the world\".
3 mins
Altman visits India on Feb 5
ON MONDAY, OPENAI and SoftBank Group announced it would set up a joint venture to sell AI services to businesses across Japan, one of the broadest efforts yet to sell the fast-growing startup's tools to enterprise customers outside of the US.
1 min
AAP flags BJP Budget tax ad
TERMING A PRINT ad by the BJP as \"misleading\" for seeking to portray the I-T relief in the Budget as a \"gift for Delhi\", the AAP on Monday filed a complaint with the Delhi CEC office, seeking action in the matter.
1 min
RBI: ₹2,000 notes worth ₹6,577 cr still with public
THE RESERVE BANK of India on Monday said 98.15% of ₹2,000 denomination banknotes have been returned to the banking system, and only ₹6,577 crore worth of such notes are with the public.
1 min
Oil prices ease as US tariffs on Mexico halt
OIL PRICES EDGED lower on Monday after rising more than $1 earlier in the session after the United States and Mexico announced a month-long pause on tariffs the US had slapped on its southern neighbour.
1 min
Shriram General aims 25% premium from pvt vehicles
SHRIRAM GENERAL INSURANCE Company (SGIC), which used to primarily focus on used commercial vehicle insurance, is planning to grow its private vehicle insurance business.
1 min
INX Launches Trading in Sensex F&O at GIFT City
PIVOTING TO PROVIDE a conducive environment for global investors, India's first international stock exchange platform, India International Exchange (INX), on Monday initiated trading in dollar-denominated Sensex derivatives at GIFT International Financial Services Centre (IFSC).
1 min
Delhi polls: Most GenZ voters aware
MOST GENZ VOTERS in Delhi are aware of candidates in their constituencies, and women safety, unemployment and pollution are the main pressing issues for them, a study has found.
1 min
Abhishek: Yuvraj's private project, Lara's hand
ON ABHISHEK SHARMA'S birthday on September 4, Yuvraj Singh posted a video on Instagram with a caption: \"Hope you take as many singles this year as many as you knock out of the park.\" In the video, Yuvraj can be seen getting irritated with Abhishek trying to hit every ball for a six and he said: \"Single bhi le lo Maharaj (Take a single at least).\" The video ends with another taunt: \"Tu na sudhri bas, chakke maari jaaye, thalle na kheli (You are not going to listen... you are only hitting sixes, try and hit along the ground also).\"
2 mins
White-collar hiring rises 4% in January
INDIA'S WHITE-COLLAR JOB market kicked off 2025 on a positive note, recording a 4% year-on-year (y-o-y) increase in hiring, according to Naukri's JobSpeak Index.
1 min
Financial Express Chandigarh Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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