Financial Express Chennai - February 06, 2025Add to Favorites

Financial Express Chennai - February 06, 2025Add to Favorites

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In this issue

February 06, 2025

IBBI Moots Coordinated Resolution for Linked Entities

To enhance the efficiency and effectiveness of the resolution process, the Insolvency and Bankruptcy Board of India (IBBI) has proposed to introduce a mechanism for coordination of the corporate insolvency resolution process (CIRP) of interconnected entities.

1 min

RIL, Others Pledge ₹75K Cr for Bengal

SEVERAL CORPORATE HOUSES on Wednesday came forward with big investment proposals at the Bengal Global Business Summit (BGBS) with conglomerates Reliance Industries, JSW Group and RP Sanjiv Goenka group making commitments of more than ₹75,000 crore.

2 mins

Services PMI plunges to 26-month low in January

Slow Growth

1 min

Homebuyers to get possession during resolution process: IBBI

IN A BID to provide relief to homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) has allowed resolution professionals (RP) to hand over possession of plots, flats, or buildings to homebuyers while the resolution process is still ongoing.

1 min

Bharat TradeNet likely to be run by new agency

Unified Platform

1 min

Open market sales to help curb food subsidy in FY26, says govt

Flat Growth

1 min

States' capex may witness moderate growth in FY25

Spending by top 16 states down 4% on-year in April-Dec

2 mins

Alphabet Plans Huge Capex Hike

Alphabet said on Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue target and began showing impatience over profitability.

1 min

Tesla Sales Plunge 59% in Germany to Lowest Level

TESLA'S SALES PLUMMETED 59% last month in Germany, adding to indications that Chief Executive Officer Elon Musk's political activities are hurting the carmaker's business in major electric vehicle markets.

1 min

Nissan Calls Off $60-bn Merger Talks With Honda

NISSAN LOOKS SET to step back from merger talks with rival Honda, two sources said on Wednesday, calling into question a $60 billion tie-up to create the world's no. 3 automaker and potentially leaving Nissan to drive its turnaround alone.

1 min

Gaza to be 'Riviera of the Middle East', vows Trump

PRESIDENT DONALD TRUMP said the US would take over war-ravaged Gaza and create a \"Riviera of the Middle East\" after resettling Palestinians elsewhere, shattering decades of US policy on the Israeli-Palestinian conflict and drawing regional condemnation.

1 min

Kylaq on Zepto? Only test drive, clarifies CEO

Zepto's teaser ad showing a delivery executive picking up the Skoda Kylaq from the showroom, loading it onto a truck and delivering it to a customer's house, has created a buzz.

2 mins

Relief for TAFE in Madras HC on Massey Ferguson brand usage

TRACTORS AND FARM Equipment (TAFE) on Wednesday said the Madras high court has ordered a status quo on the usage of the Massey Ferguson brand in India in its favour.

1 min

Debt Recovered 'Multiple Times Over', Claims Mallya in HC

FUGITIVE BUSINESSMAN VIJAY Mallya on Wednesday claimed before the Karnataka high court that the ₹6,200 crore debt he owes to banks has been recovered \"multiple times over\", and sought a statement, detailing the amounts recovered from him, United Breweries (UBHL, now in liquidation), & other certificate debtors.

1 min

Google May Provide Chips for AI Mission in Next Phase

US giant's tensor processing units are AI accelerators built for data centres

1 min

Ola Forays Into E-bike Segment With Launch Of Roadster X Series

OLA ELECTRIC on Wednesday officially entered the EV motorcycle segment with the launch of the Roadster X series, starting at ₹74,999.

2 mins

Swiggy's loss in Q3 widens as q-comm investments rise

Swiggy on Wednesday reported a higher-than-expected net loss for the October-December quarter at ₹799.9 crore, up from ₹574.3 crore in Q3FY24.

1 min

Adani Enterprises' capex at one-third of guidance in FY25

Off The Mark

1 min

Happiest Minds sees 30% rise in revenue for FY25

HAPPIESTMINDS TECHNOLOGIES is witnessing improved demand for IT services and a renewals in deals, particularly as optimism grows following the conclusion of elections in the US and it is also hopeful of hitting or coming close to at least 30% revenue growth for FY25.

1 min

Adani Wilmar set for a new identity soon

TO BE NAMED AWLAGRI BUSINESS AFTER ADANI EXIT

1 min

Size Does Matter

Smaller AI models can be fine-tuned to local needs

2 mins

Citi Appoints Balasubramanian as Head of India Operations

GLOBAL BANKING MAJOR Citi on Wednesday announced the appointment of K Balasubramanian as the head of India business.

1 min

BlackRock Plans to Hire 1,200 for India Business

BLACKROCK PLANS TO hire nearly 1,200 people to expand two support hubs in India and build out its artificial intelligence capabilities in the country, according to people familiar with the matter.

1 min

Sensex, Nifty slip; broader indices gain

BENCHMARK INDICES ENDED lower on Wednesday amid selling pressure in realty and consumer-facing shares due to profit booking. The Sensex declined 312.53 points, or 0.40%, to 78,271.28, while the Nifty fell 42.95 points, or 0.18%, to 23,696.30, as these indices failed to sustain the previous day's rally.

1 min

Federal Bank aims to grow CASA deposits

FEDERAL BANK IS aiming to increase the share of current account and savings account (CASA) to protect its net interest margins, which could come under pressure as the Reserve Bank of India is likely to begin its rate cut cycle, said Harsh Dugar, executive director of the lender.

1 min

Sebi's Pitch for Combo Products May Work for Small Investors

However, the implementation could be complex

2 mins

Rising demand: India's gold purchases go up 5% in 2024

INDIA'S GOLD IMPORTS rose 5% to 802.8 tonne on a year-on-year basis in 2024 due to high investment demand and big purchases by the Reserve Bank of India (RBI), according to the latest data by the World Gold Council.

2 mins

India must be at forefront of AI revolution: Altman

Altman's India tour comes at a time when Chinese foundational model DeepSeek has gained popularity because of the significantly lower cost at which it has built its model. Comparatively, companies like OpenAI have invested huge sums in building their foundational models.

1 min

Godrej Properties may meet full-year pre-sales target

DESPITE A FALL in the Q3 pre-sales of Godrej Properties, brokerages expect the company to meet its full-year pre-sales guidance of ₹27,000 crore.

1 min

Rupee plunges to new low on rate cut hopes

EVEN THE NEAR-term premiums have fallen 22 bps for 1 month and 10 bps for 1 year. The latter improved with easing of liquidity conditions.

1 min

ONGC sets FY26 capex target at ₹36,920 crore

STATE-OWNED OIL EXPLORATION and production company Oil and Natural Gas Corp (ONGC) has set its capex target for the upcoming financial year 2025-26 at ₹36,920 crore, the company said in its investor meet.

1 min

OpenAI to be affordable: CEO

STARTUPS CAN CREATE their own models using open-source models like DeepSeek and Meta's Llama.

1 min

Finmin directs officers not to use ChatGPT, DeepSeek

THE FINANCE MINISTRY has directed its officers not to download or use AI tools and apps such as ChatGPT and DeepSeek in office computers and devices, saying they pose confidentiality risks to data and documents.

1 min

A first: Dali comes to India

Salvador Dalí's groundbreaking contributions to surrealism, comprising rare etchings, watercolours, and tapestries, will be on exhibit in India for the first time.

1 min

Most exit polls predict BJP win, 2 show AAP victory

Turnout down to about 57% against over 62% in 2020

3 mins

Climate action plan: India likely to skip February 10 deadline

INDIA WILL LIKELY skip the February 10 deadline for submitting the next round of climate action plans required under the Paris Agreement and may not significantly upgrade its targets, it has been learnt.

1 min

Read all stories from Financial Express Chennai

Financial Express Chennai Newspaper Description:

PublisherThe Indian Express Ltd.

CategoryNewspaper

LanguageEnglish

FrequencyDaily

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