Financial Express Chandigarh - February 14, 2025
Financial Express Chandigarh - February 14, 2025
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In this issue
February 14, 2025
Cairn to spend $4 bn in four years for upstream ventures
CAIRN OIL AND Gas of the Vedanta Group is planning to spend around $3-4 billion in the three to four years in the upstream sector to expand its business and fuel growth, the company's chief financial officer Hitesh Vaid told FE on the sidelines of the India Energy Week.
2 mins
Taxation norms for non-profits combined
THE NEW INCOME Tax Bill, 2025 has streamlined and simplified provisions related to the taxability of non-profit organisations (NPOs), which is expected to help them comply with tax laws in an easier and seamless manner, say experts.
1 min
'Substantial changes': FM tables new Income Tax Bill
● Tax experts praise simplification and re-grouping of sections
2 mins
Budget Aims To Boost Private Investments, Growth: Sitharaman
AMID SERIOUS EXTERNAL challenges, various measures announced in Budget 2025-26 are aimed at accelerating growth, private investment and consumption, finance minister Nirmala Sitharaman said on Thursday.
2 mins
MGL Eyeing to Acquire ReNew's Assets to Develop Green Portfolio
CITY GAS DISTRIBUTION company Mahangar Gas (MGL) is looking at a significant expansion in its CNG infrastructure while also looking to acquire ReNew's existing renewable energy assets to develop its green portfolio, the company's managing director Ashu Shinghal told FE.
2 mins
Icraf Road construction in FY26 to drop by 5%
THE SLUGGISH PACE in awarding new highway projects
1 min
Govt Mulls Anti-Dumping Duty on China's Solar Glass
INDIA'S TRADE DEFENCE body, the directorate general of trade remedies (DGTR), has recommended an anti-dumping duty on imports of textured tempered glass from China and Vietnam, a key component of solar panels.
1 min
No extension of duty-free import of yellow peas
The government has decided against extending duty-free import of yellow peas largely used as a substitute of chana, beyond February 28, food minister Pralhad Joshi on Thursday said.
1 min
India, Philippines may sign $200 mn missile agreement
INDIA EXPECTS TO sell short-range missiles to the Philippines this year in a deal worth more than $200 million, Indian sources told Reuters, for New Delhi's second major defence export contract with Manila as tension grows with China.
1 min
Haryana, Punjab and Jharkhand among laggards
State of Affairs
1 min
Google Loses Second India Policy Head in Two Years
GOOGLE'S HEAD OF public policy in India, Sreenivasa Reddy, has quit, a company spokesperson told Reuters on Thursday, marking the second departure in around two years in the critical role in a key market for the company.
1 min
Low-alcohol drinks get a Gen Z boost, but face q-comm hurdles
THE RISE OF low and no alcohol (LNA) beverages has been driven by Gen Z's preference for healthier lifestyles.
2 mins
Tata Motors to boost range of sub-₹10 lakh EVs to 400 km
TATA MOTORS WILL nearly double the driving range of its sub-₹10 lakh electric vehicles (EVs) and more than double its vehicle-charging points over the next two years, the company said on Thursday.
2 mins
Hindalco beats estimates, profit up 60% at ₹3,735cr
HINDALCO INDUSTRIES ON Thursday posted a 60% year-on-year rise in its net profit in the October-December quarter at ₹3,735 crore, beating the Bloomberg consensus estimate of ₹3,372 crore.
1 min
QSR firms push expansion despite weak demand
Despite posting revenue numbers below estimates in the October-December quarter, quick service restaurant (QSR) operators remain bullish on expansion, betting on long-term growth prospects.
1 min
Utility vehicles drive PV sales to new high
THE PASSENGER VEHICLE (PV) segment registered a 1.6% year-on-year growth in January, reaching a record high of 399,386 units compared to 393,074 units in the same month last year, according to the Society of Indian Automobile Manufacturers (Siam) data released on Thursday.
1 min
Kalyani siblings to meet on Feb 20/21
To discuss building a shrine for their late mother Sulochana Kalyani
1 min
SP Group seeks $3.3 billion from pvt credit funds
SHAPOORJI PALLONJI GROUP is in advanced talks with top global private credit funds as it aims to raise as much as $3.3 billion in the country's biggest-ever local currency private debt deal, according to people familiar with the matter.
1 min
Adani pulls out of $1-bn Lanka power projects
Says Open To Future Deals
1 min
Gold loan NPAs don't translate into losses
Muthoot Finance's Q3FY25 net profit rose 33% to ₹1,363 crore, driven by strong demand for gold loans.
2 mins
Ensure fair treatment to customers, RBI governor tells NBFCs
RESERVE BANK OF India (RBI) governor Sanjay Malhotra on Thursday asked non-banking financial companies (NBFCs) to ensure fair treatment to customers and put in place an efficient mechanism for swift resolution of grievances.
1 min
More norms likely for ESG rating withdrawals
THE SECURITIES AND Exchanges Board of India (Sebi) has proposed additional norms for environmental, social and governance (ESG) rating providers to withdraw ratings.
1 min
Higher provisioning hits NBFCs in Q3
NON-BANKING FINANCIAL COMPANIES (NBFCs) witnessed a subdued growth in net profits in the December quarter due to higher provisioning.
1 min
Algo trading norms welcome but risks higher, say analysts
INCREASED COMPLIANCE BURDEN ON BROKERS AND EXCHANGES A WORRY
2 mins
Saluja ceases to be Religare's director
● Gaekwad fails to deposit ₹600 cr
1 min
KKR Weighs Investment
KKR & Co is considering investing in Nissan Motor, sources said, after the struggling Japanese automaker's talks to combine with rival Honda Motor failed.
1 min
XAI's 'scary smart' model chatbot in weeks: Musk
ELON MUSK PRAISED his upcoming Grok 3 chatbot as an AI model outperforming everything else that's been released thus far, and said the world would get to see it in a matter of weeks.
1 min
Unilever picks Amsterdam for primary ice cream listing
BEN & JERRY'S maker Unilever has chosen Amsterdam over London and New York as the primary listing for its ice cream business, it said on Thursday after announcing full-year earnings which underwhelmed investors.
1 min
xAI's 'scary smart' model chatbot in weeks: Musk
TESLA CEO HAS BEEN TRYING TO BLOCK THE STARTUP TO BE FOR-PROFIT FIRM
2 mins
Europeans warn US against Ukraine deal
EUROPEAN LEADERS WARNED the US on Thursday against sealing a Ukraine peace deal with Russia behind their backs as they scrambled for a seat at the table after Donald Trump spoke to Vladimir Putin and announced the start of negotiations.
1 min
Apple's stock performance is increasingly made in China
INVESTORS IN AMERICA'S biggest company are increasingly focused on China, where Apple Inc. is striving to win over a crucial customer base while also facing tariff-related risks.
1 min
KKR weighs investment
At Odds
2 mins
Alibaba, Apple Join Hands on AI Features in China
● Shares soar to three-year high
1 min
Reciprocal tariffs before Modi meet
OTHER NATIONS HAVE been 'ripping off' the US, she said, 'and that's why the president believes this will be a great policy that will benefit American workers and improve our national security'.
1 min
The Nuclear Boon
Closer ties with the private sector and global alliances are needed for India's ambitious plans to flourish
2 mins
Income Tax Bill, 2025: Dawn of a new era
THE CURRENT TAX system in India owes its origin to the first War of Independence in 1857.
3 mins
A Date with Disruption
● Cadbury 5 Star's latest campaign turns V-day tropes on their head
3 mins
Ministries & firms flag IFCI 'red tape'
AN EMAIL SENT to IFCI on Monday remained unanswered, despite repeated reminders.
2 mins
Microfinance recovery: Strategic shifts, govt aid
THE RECENT DEVELOPMENTS in the microfinance sector surprised many industry participants, including many top MFIs, financial institutions, regulators, and even the government.
3 mins
Salary hikes to touch up to 40% for new skills: Report
CORPORATE INDIA IS likely to witness annual salary hikes in the range of 6-15% this year, depending on the industry, role criticality and niche skills, and may touch as high as 40% for emerging skills and critical leadership roles, as per Michael Page 2025 Salary Guide.
1 min
Financial Express Chandigarh Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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