Financial Express Chandigarh - February 08, 2025
Financial Express Chandigarh - February 08, 2025
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In this issue
February 08, 2025
Apple's 'affordable' iPhone set to get an AI upgrade
The new iPhone SE model loaded with features coming next week
2 mins
Capital Goods Duty Exemption to Boost EV Battery Industry
THE EXEMPTION FROM customs duty on 35 additional components used to make electric vehicle (EV) batteries should make India more self-reliant and accelerate the indigenisation process.
1 min
India's installed solar capacity reaches 100 GW
Aiming Higher
2 mins
Kerala budget: Taxes, including on EVs, hiked to boost revenues
STAYING CLEAR OF populist measures, the final budget of the second Pinarayi Vijayan government in Kerala presented on Friday proposed a hike in the road tax on electric vehicles as a revenue-boosting measure and kept its focus on infrastructure development.
1 min
Trump, Modi to Discuss Tariffs
Meeting of Minds
3 mins
Govt to soon roll out credit guarantee scheme for farmers
THE GOVERNMENT WILL soon roll out ₹1,000-crore credit guarantee scheme for pledge financing to be availed of by small and marginal farmers against electronic negotiable warehouse receipts (e-NWRs) after depositing commodities in accredited warehouses.
1 min
Forex reserves rise for second week in a row
India's forex reserves rose $1.05 billion to $630.607 billion for the week ended January 31, the RBI said on Friday.
1 min
LIC profit rises 16% in third quarter
Life Insurance Corporation of India (LIC) on Friday reported a 16% year-on-year (y-o-y) increase in consolidated net profit for the December quarter (Q3FY25), reaching ₹11,009 crore.
1 min
Cabinet nod likely for ITI upgrade in current fiscal
THE ITI (INDUSTRIAL Training Institute) upgradation scheme, introduced in the Budget 2024-25, is expected to receive Cabinet approval within the current fiscal year, an official in the ministry of skill development told FE.
1 min
Karnataka to offer 10% extra incentive for manufacturing
The Karnataka Government will offer an additional 10% incentive to companies that transition their research and development (R&D) operations into local manufacturing units.
1 min
Travel demand unabated despite weak rupee
The fall in the rupee against the dollar has had a negligible impact on demand as customers are still lining up to book holidays to travel abroad. Mahesh Iyer, MD & CEO, Thomas Cook, talks to Swaraj Baggonkar about the business outlook for Q4 and gains from the ongoing Kumbh Mela.
2 mins
PhonePe to shut account aggregator business
FINTECH FIRM PHONEPE on Friday said that it has decided to wind down its account aggregator (AA) business and surrender its NBFC-AA licence to the Reserve Bank of India.
1 min
Britannia to take on inflation with steep price hikes
FOOD MAJOR BRITANNIA will counter inflation in the ongoing (March) quarter with price hikes at double the rate of increases taken in the December quarter, said Varun Berry, executive vice-chairman & MD, in an earnings call on Friday.
2 mins
M&M tops Q3 profit estimates
NEW LAUNCHES REV UP Q3 EARNINGS
2 mins
Airtel signals a revamp of home broadband strategy
Focus On Mass Retail Channels
2 mins
Ola Electric's losses widen to ₹564 crore
OLA ELECTRIC MOBILITY, the country's largest electric two-wheeler (E2W) maker, on Friday reported a net loss of ₹564 crore for the third quarter of FY25, widening from ₹376 crore a year ago.
2 mins
Delhivery Q3 profit more than doubles
DELHIVERY ON FRIDAY reported a 113% rise in its December quarter net profit to ₹24.9 crore, from ₹11.7 crore in the year-ago period.
1 min
JSW Group to invest ₹1.5L cr in Vidarbha
JSW GROUP WILL invest ₹1.5 lakh crore in the Vidarbha region, the group's chairman and managing director, Sajjan Jindal, said on Friday, at an industry event.
1 min
Sonata Software staring at margin impact
SHARES OF SONATA Software on Friday fell over 12% on the NSE after one of its largest clients decided to scale down its operations, impacting the IT firm's margins in the third quarter and affecting growth in Q4 as well.
1 min
Samsung workers' strike enters 3rd day
Standoff Continues
1 min
Forward trading in G-Secs gets the nod
THE RESERVE BANK of India (RBI) on Friday announced the introduction of forward contracts in government securities (G-Secs) that would enable long-term investors like insurance funds to better manage interest rate risks across different rate cycles.
1 min
On debut, governor bites the bullet
Availability of forward contracts will also improve transparency in pricing and volumes of forward rate agreements
3 mins
RBI treads the fine line deftly
Stance kept neutral on 'tremendous uncertainties'
3 mins
Banks bid for twice the notified amount at 56-day VRR sale
BANKS ON FRIDAY bid for ₹1.09 lakh crore at a cutoff rate of 6.31%, against the notified amount of ₹50,000 crore, at a 56-day variable rate repo (VRR) auction conducted by the Reserve Bank of India.
1 min
Rate cut fails to lift markets
FII Outflows, Too, Sour The Mood
1 min
More tariff cuts...
WHILE THE GOVERNMENT has slashed basic customs duty on luxury cars priced above ₹35 lakh to 70% from 125%, additional levies have been imposed to maintain the effective tax at 110%.
1 min
LCR, ECL regulations deferred...
EARLIER THIS WEEK, M Nagraju, secretary, department of financial services, said that the government had given its feedback that it does not want liquidity to be locked up at a time when the conditions were already tight.
2 mins
SC blow to Burmans' bid for Religare
Suspense at AGM over voting
1 min
AIF debt investment norms may be eased
The Securities and Exchange Board of India (Sebi) on Friday proposed to ease investment norms for Category II Alternative Investment Funds (AIFs), allowing them to invest in listed debt securities with a credit rating of 'A' or below.
1 min
Infosys Fires 400 Trainees...
NITES is preparing to file an official complaint with the ministry of labour & employment, demanding immediate intervention and strict action against Infosys. \"This blatant corporate exploitation cannot be allowed to continue. We urge the government to take swift action to uphold the rights and dignity of Indian IT workers,\" he stated.
1 min
Daily Re volatility not that important: Guv
RESERVE BANK OF India (RBI) governor Sanjay Malhotra on Friday said the time has come to be \"more supportive\" of the growth objective as inflation is on the decline.
2 mins
Crypto's first family is deepening the swamp
ERIC TRUMP THINKS it's a good time to buy Ethereum. Maybe he's right; his endorsement temporarily lifted its price, at least.
3 mins
Growth gets its due
RBI appears willing to be a lot more flexible while targeting inflation
2 mins
The RBI's Fine Balancing Act
Given the global volatility and uncertainty amidst a downturn and a depreciating currency, the MPC has done so by reducing the repo rate but maintaining its stance
3 mins
A sign of EVs catching up with petrol
Petrol motorcycles have a century of R&D behind them, but F77 SuperStreet shows electric bikes are getting there
2 mins
Can it revive Jeep's fortunes in India?
● More affordable than Toyota Fortuner, has a plusher cabin
1 min
Bump up investment goals, pay off loans
THE RESERVE BANK of India's (RBI) decision to reduce the repo rate, translating into smaller equated monthly installments (EMI) for loan repayments, and the Union Budget lowering the tax burden will boost disposable income.
2 mins
US Job Growth Slows in Jan
US JOB GROWTH slowed more than expected in January after robust gains in the prior two months, but a 4% unemployment rate probably will give the Federal Reserve cover to hold off cutting interest rates at least until June.
1 min
UK orders Apple to open up users' encrypted cloud data: Report
While security officials say data encryption features make it harder to catch criminals, tech firms have long guarded their users' right to privacy
1 min
Netflix Considers Bid for Formula One's US TV Rights: Report
NETFLIX IS CONSIDERING a bid for Formula One's US broadcasting rights from the 2026 season, according to media reports on Friday, at a time when the streaming giant is making significant investments to grow live sports content.
1 min
Accenture scraps global diversity, inclusion goals
ACCENTURE HAS SCRAPPED its global diversity and inclusion goals after an evaluation of the changing US political landscape, according an internal memo seen by Reuters.
1 min
Bettencourt Meyers to retire from L'Oreal board
Francoise Bettencourt Meyers, heir to the L'Oreal fortune and Europe's richest woman, will retire from the board later this year, with the next generation of family members taking on more responsibility for the cosmetics company's governance.
1 min
Trump Imposes Sanctions on International Criminal Court
US PRESIDENT DONALD Trump has authorized economic and travel sanctions targeting people who work on International Criminal Court (ICC) investigations of US citizens or US allies such as Israel, drawing condemnation – but also some praise – abroad.
1 min
Amazon Shares Drop as Cloud Growth and Sales Forecast Lag
Lacklustre Performance
1 min
Doge Staffer Quits Over Racist Posts
A key staff member of US President Donald Trump's newly created Department of Government Efficiency or DOGE, headed by Elon Musk, resigned on Thursday owing to racial social media posts, including against India, The Wall Street Journal (WSJ) has reported.
1 min
ACB gives notice to Kejriwal, others over horse-trading claim
AS CANDIDATES, PARTIES and the city braced for the counting of votes Saturday to decide a new government and Assembly in Delhi, the Anti-Corruption Branch (ACB) showed up at the door of the ruling AAP Friday to serve notices to its leaders over claims that the rival BJP had offered bribes to AAP MLAs and others to jump ship.
1 min
OpenAI Plans to Build Stargate AI Data Centers Across US
OPENAI IS SCOURING the US for sites to build a network of huge data centers to power its artificial intelligence (AI) technology, expanding beyond a flagship Texas location and looking across 16 states to accelerate the Stargate project championed by President Donald Trump.
1 min
Can't Handle AI Demand: Amazon
Sales and Income Keep Growing
2 mins
Financial Express Chandigarh Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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