Financial Express Chennai - March 20, 2025
Financial Express Chennai - March 20, 2025
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In this issue
March 20, 2025
Urea Plant in Assam
TO BOOST UREA production in the eastern and northeastern region and reduce imports of the key crop nutrient, the Union Cabinet on Wednesday approved the establishment of a brownfield ammonia-urea complex at Brahmaputra Valley Fertiliser Corporation (BVFCL) in Namrup, Assam.
1 min
India to Grow at 6.5% in FY26: Fitch
FITCH RATINGS EXPECTS India's GDP to grow at 6.5% in 2025-26, and at a slightly lower rate of 6.3% in 2026-27.
1 min
Cabinet approves ₹1,500 crore for incentives on UPI payments
THE UNION CABINET on Wednesday approved an incentive scheme worth nearly ₹1,500 crore to promote UPI transactions below ₹2,000 for 2024-25.
1 min
Cutting tariffs on imports from US will hurt us: Medical device makers
VOICING CONCERNS OVER the likely reduction in tariffs on the medical devices being imported from the US, domestic manufacturers have said such a move will give \"undue advantage\" to foreign players and requested the government to have a rethink on the matter.
1 min
Wheat output estimate gap raises speculation concern
Projections by govt, industry vary by 5 MT
1 min
Rlys overlooked food quality, still using gas stoves: Panel
THE COMMITTEE ON Public Accounts has pulled up railways for overlooking several of its recommendations pertaining to issues ranging from food hygiene, cooking safety, to establishing new base kitchens.
1 min
Niti Meet on Bridging EV Policy Gaps Today
Niti Aayog has convened a meeting on Thursday to discuss the role of states and Union territories in scaling up electric mobility and charging infrastructure.
1 min
Minority Affairs Ministry's Cut Due to Streamlining of System: Parl Panel
A Parliamentary Panel has noted that the Minority Affairs Ministry's actual expenditure has \"gone down considerably\" in previous years due to the system being streamlined to ensure funds reach only the deserving people without being misused.
1 min
Need measures before raising FDI to 100% in insurance: Parl panel
A PARLIAMENTARY PANEL on Wednesday urged the government to put safeguard measures in place to counter concerns like profit repatriation while raising the foreign direct investment limit to 100% in the insurance sector.
1 min
Govt can rein in tax treaty abuse despite PPT: Experts
THE CENTRAL BOARD of Direct Taxes (CBDT) has clarified that the principal purpose test (PPT) provisions, designed to prevent tax treaty abuse, will apply prospectively only to the double taxation avoidance agreements (DTAAs) that include a PPT clause.
2 mins
India Offers FTAs to Members of Mercosur Bloc
As the efforts to expand the preferential trade agreement (PTA) with the Mercosur bloc are stuck, commerce and industry minister Piyush Goyal offered signing of free trade agreements with its members individually.
1 min
Indian economy resilient amid global uncertainty: RBI bulletin
Highlights robust agricultural output and consumption
1 min
New launches aligning with our positioning of mass premium
Ceat, India's third largest tyre maker, introduced three new tyre types, run-flat, high-speed and low noise in the market, all aimed at the premium segment.
2 mins
India important market for sales, R&D, says HP CEO
HP CEO Enrique Lores said the company is keenly looking at India to establish a broader presence.
2 mins
Retail demand tops mall supply for third year
Retail leasing momentum in calendar year 2024 surpassed the supply of new stock as companies opted for larger stores, focused on categories such as beauty, personal care, apparel and accessories, consultancy Anarock Retail said.
1 min
Mass exits at Hero as 5 top execs quit
THE COUNTRY'S LARGEST two-wheeler manufacturer, Hero MotoCorp, has witnessed a significant leadership shake-up, with five senior executives, including HR head for talent management, Sameer Pande, stepping down from their roles.
1 min
BluSmart to rejig operations
Delinking pact with Gensol Engineering
2 mins
FMCG revenue growth may hit 6-8% next fiscal
FAST-MOVING CONSUMER goods (FMCG) companies may see a rebound in revenue growth in FY26, touching 6-8% in the next fiscal from 5-6% seen in FY25, Crisil Rating said in a study released on Wednesday.
2 mins
HCLTech Unveils FlexSpace for AI PCs
HCLTech has introduced HCLTech FlexSpace for AI PCs in partnership with Intel.
1 min
Aakash expands into online teaching space
AAKASH EDUCATIONAL SERVICES (AESL) on Wednesday entered the online teaching space with the launch of Aakash Digital, a platform offering all its courses, including the recently introduced Invictus programme.
1 min
Trump-branded offices make India foray
THE TRUMP ORGANIZATION has forayed into Indian commercial real estate with an office and retail project in Pune.
1 min
IT CEOs' sentiment for FY26 remains positive: Nasscom
Growth Push
2 mins
Nawaz Modi Singhania resigns as Raymond board director
THE FAMILY BATTLE in Raymond Group seems to have ended with Nawaz Modi Singhania, the estranged wife of chairman and managing director Gautam Singhania, deciding to step down as a director from the board.
1 min
Rupee rises for 4th straight session, gains 19 paise
RISING FOR THE fourth straight session, the rupee appreciated 19 paise to close at 86.37 against the US dollar on Wednesday, supported by a positive trend in domestic equity markets and lower global crude oil prices.
1 min
SP Group Likely to Sell Bonds in April-June
SHAPOORJI PALLONJI GROUP is likely to raise around $3.3 billion through sale of bonds in the first quarter of the next financial year, two merchant bankers said on Wednesday.
1 min
Sebi bars former TV anchor, two others from securities markets for 5 years
The Securities and Exchange Board of India (Sebi) on Wednesday imposed penalties on former news anchor Hemant Ghai and two others, including his wife, for alleged fraudulent practices and barred them from dealing in securities for five years.
1 min
RBI Mulls Asking Banks to Cut Offshore Forwards for Arbitrage
The central bank has urged lenders to focus more on using offshore non-deliverable forwards market to execute client trades
1 min
UCBs Must Be Mindful of Responsibilities: RBI Guv
Reserve Bank of India (RBI) governor Sanjay Malhotra on Wednesday told urban cooperative banks (UCBs) to be mindful of their responsibilities, given the trust and faith depositors repose on them.
1 min
Benchmark indices extend gains for third straight day
Investors wealth reclaimed ₹400 L-cr mark after a month
1 min
Steel Imports Face 12% Safeguard Duty
According to Sehul Bhatt, director-research, Crisil, said the imposition of a 12% provisional safeguard duty on some non-alloy and alloy steel products will provide pricing support to local manufacturers in the first half of fiscal 2026.
1 min
Samsung eyes deals it struggles for growth
SAMSUNG ELECTRONICS SAID on Wednesday it is looking at major deals to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year.
1 min
Israeli strikes kill at least 20, Palestinian medics say
ISRAELI STRIKES KILLED at least 20 Palestinians in Gaza on Wednesday, local health workers said, as the Israeli military unleashed more bombardments of the enclave and ordered residents to evacuate combat zones.
1 min
Trump releases JFK assassination papers
US PRESIDENT DONALD Trump released material related to the 1963 assassination of President John F. Kennedy on Tuesday, seeking to honor his campaign promise to provide more transparency about the shock event in Texas.
1 min
Musk's xAI startup joins $30-bn Microsoft-BlackRock AI fund
MICROSOFT CORP., the biggest backer of Sam Altman's OpenAI, and BlackRock Inc., which has an executive on the artificial intelligence startup's board, are joining forces with one of its chief rivals.
2 mins
EU Plans to Cut Steel Imports by 15% as Trump Tariffs Bite
The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official said on Wednesday, in a move aimed at preventing cheap steel flooding the European market after Washington imposed new tariffs.
1 min
Google's $32 Billion for Cloud Upstart: A Leap of Faith
IT'S NOT OFTEN you see big tech firms getting pushed around. Upstart Wiz has just squeezed Google owner Alphabet to pony up $32 billion for a privately owned five-year-old cybersecurity firm.
2 mins
Academic ceasefire
Despite US' initiative, the conflict will take a long time to give way for lasting peace
2 mins
Targeted solutions to counter AI risks
Firms seek tools & techniques to detect and prevent attacks
2 mins
NASA Astronauts 'Butch and Suni' Return to Earth After Nine Months
NASA astronauts Butch Wilmore and Suni Williams returned to Earth in a SpaceX capsule on Tuesday with a soft splashdown off Florida's coast, nine months after their faulty Boeing Starliner craft upended what was to be a week-long stay on the International Space Station.
2 mins
GCCs See 10% Salary Jump in a Year
GLOBAL CAPABILITY CENTRES (GCCs) in the country are poised for a 9.8% salary growth over the next 12 months, as organisations adapt to evolving talent demands and navigate macroeconomic challenges, a report said on Wednesday.
1 min
India's Online Gaming Sector Likely to Cross $9 Billion by 2029
THE ONLINE GAMING sector in India is expected to grow by over twofold to $9.1 billion by 2029, largely dominated by real money games, a joint report by real money gaming platform WinZO Games and the Interactive Entertainment and Innovation Council (IEIC) said on Wednesday.
1 min
Original Tech Titan Bill Gates Is Express Adda Guest Today
IN AN ERA where technology shapes our conversations and Big Tech wields unprecedented political influence in the US, what lies ahead?
2 mins
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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