Financial Express Chennai - January 30, 2025
Financial Express Chennai - January 30, 2025
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In this issue
January 30, 2025
₹100-cr credit guarantee scheme for MSMEs
THE GOVERNMENT ON Wednesday approved the Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) to guarantee loans up to ₹100 crore for the purchase of plant and machinery and equipment to boost the manufacturing sector.
1 min
Odisha Govt Inks Investment Pacts Worth ₹13 Lakh Cr
JOINING OTHER STATES in the race to garner private and foreign investments, Odisha has secured investment commitments worth ₹12.89 lakh crore as against their initial estimate of around ₹5 lakh crore.
1 min
Govt approves Critical Mineral Mission with ₹34,300-cr outlay
TO BE IMPLEMENTED FOR A PERIOD OF 7 YEARS TILL FY31
3 mins
We Are Closer to EV Becoming Mainstream
Despite posting a 22% fall in net profit for Q3, largely because of a fall in margin at JLR, Tata Motors management is upbeat about the next quarter. PB Balaji, group chief financial officer at Tata Motors, in a post-result interaction tells Swaraj Baggonkar that JLR is on track to be debt-free by year-end. Excerpts:
2 mins
Prosus, Accel exit Good Glamm board
The move comes at a time when the company is battling funds crunch and has delayed the salaries of some of its employees
1 min
Indian carriers near 50% market share on international routes
INDIAN CARRIERS HAVE raised their market share in the international segment to nearly 50% after a sustained and aggressive addition of new markets and rapid induction of new aircraft into the fleet.
1 min
Aakash plans stake sale to raise funds
Needs ₹500 crore for expansion
1 min
Maruti misses Q3 estimates, profit up 13% to ₹3,525 crore
Input cost rises by 17% to ₹12,991 cr
1 min
Govt asks Prayagraj-bound airlines to maintain reasonable fares
AMID PERSISTING CONCERNS over exorbitant airfares for Prayagraj flights, the civil aviation ministry on Wednesday asked airlines to maintain reasonable prices, and sources said the country's largest carrier IndiGo has reduced the fares to Prayagraj in the range of 30-50 per cent.
1 min
Centre gives nod to ₹3,027 crore for disaster mitigation projects across states
A HIGH-LEVEL COMMITTEE (HLC), chaired by Union Home Minister Amit Shah, has approved ₹3,027.86 crore for disaster mitigation projects across various states.
1 min
Cong and AAP for 25 years, now give BJP a chance in Delhi, says PM
ASKING FOR \"AN opportunity to serve Delhi\", PM Narendra Modi on Wednesday targeted AAP chief Arvind Kejriwal for alleging that Haryana was \"poisoning\" Delhi's water supply.
1 min
Alibaba Says Its AI Model Surpasses DeepSeek-V3
THE JANUARY 10 release of DeepSeek's AI assistant, powered by the DeepSeek-V3 model, as well as the January 20 release of its R1 model, has shocked Silicon Valley and caused tech shares to plunge, with the Chinese startup's purportedly low development and usage costs prompting investors to question huge spending plans by leading AI firms in the US. But DeepSeek's success has also led to a scramble among its domestic competitors to upgrade their own AI models.
1 min
NxtGen, E2E, Jio may be lowest bidders...
FINALLY, THE RACE narrowed to 10 bidders in the commercial round.
1 min
Trifecta marks first close of ₹2K cr fund
VENTURE DEBT FIRM Trifecta Capital has announced the first close of its fourth fund after raising nearly half of the total targeted corpus of ₹2,000 crore, which includes a greenshoe option of ₹500 crore.
1 min
Ambuja Cements Reports Q3 Net Profit at ₹2,620 Cr
ADANI GROUP FIRM Ambuja Cements on Wednesday reported a consolidated net profit of ₹2,620.09 crore for the third quarter ended December 2024.
1 min
NCLT orders action against Byju's RP
Relief for Creditors
1 min
Nykaa eyes affluent shoppers for growth
BEAUTY RETAILER FSN E-Commerce Ventures, which operates Nykaa, expects rising affluence to fuel its fast-paced growth in a nascent market as global brands from Dior to Shiseido and Tom Ford lure buyers even in the smaller cities.
2 mins
Towards inclusive growth: Budget tax reforms to unlock potential
TAX REFORM is no longer just a political buzzword—it's a high-stakes game-changer that could reshape the financial landscape for years to come.
3 mins
India's Economy May Face Challenging 2025: Moody's
Moody's Analytics forecasts India's economy facing challenges in 2025, with growth expected at 6.4%.
1 min
Adani Power to raise ₹5,000 cr through QIP, stock surges
ADANI POWER ON Wednesday said its board has approved the raising of funds up to a maximum of ₹5,000 crore by way of a qualified institutions placement (QIP).
1 min
ITC Hotels slips 5% on market debut
Shares of ITC Hotels, the demerged hotels business of FMCG conglomerate ITC, on Wednesday slipped up to 5% in its debut on the stock exchanges.
1 min
Govt plans to borrow 15L cr through bonds
'FY26 Deficit May Fall Below 4.5%'
2 mins
Delhi HC issues notice to Religare
Rashmi Saluja moves court against ouster from Board
2 mins
PAN Must for Seeking Data on Corporate Debtors Under IBC
The Insolvency and Bankruptcy Board of India (IBBI) has now mandated information utilities (IU) to use PAN or any other official document to verify the identity of users who wish to seek information on corporate debtors.
1 min
Towards tax transparency
BUDGET 2025 PRESENTS AN OPPORTUNE MOMENT TO BUILD ON POLICY REFORMS
3 mins
Lessons from DeepSeek
The frugal innovator has just told the world that AI need not be a tool for just the few with billions to spend
2 mins
Indian startups and venture capitalists can seize this opportunity to build specialized AI models tailored to locally relevant business problems
Focus on cost and accessibility is the crucial first step
3 mins
EU to look at 'flexibilities' for carmakers over emission fines
THE EUROPEAN UNION (EU) will look at ways it can support carmakers as the industry faces the prospect of billions of euros of fines for failing to meet emissions targets this year.
1 min
Mobile AI apps now a $2-bn mkt
CHATGPT EARNINGS > OTHER AI APPS
1 min
Chip Stocks Set for Recovery; Nvidia Drops
CHIP STOCKS in the US and Europe rose on Wednesday for a second straight day, recovering from a punishing selloff triggered by China's low-cost DeepSeek AI tool at the start of the week.
1 min
Global CEO Departures Hit Record High in 2024
Chief Executives of global companies left their jobs in record numbers last year, pushed by intense scrutiny from investors and pressure to keep up with change, according to leadership advisory firm Russell Reynolds Associates.
1 min
Sony's Totoki takes CEO role, cementing leadership position
SONY GROUP PRESIDENT HIROKI Totoki will add the CEO role from April 1, while incumbent Chairman and CEO Kenichiro Yoshida will remain as chairman, the entertainment and tech conglomerate said.
1 min
Apple, SpaceX Team Up to Bring Starlink Connectivity to iPhone
APPLE HAS BEEN secretly working with SpaceX and T-Mobile US to add support for the Starlink network in its latest iPhone software, providing an alternative to the firm's in-house satellite-communication service.
1 min
Opposition alleges 'VIP culture'
THIRTY PEOPLE DIED and at least 60 were injured in a pre-dawn stampede Wednesday at the Maha Kumbh in Prayagraj where hundreds of thousands gathered to take a dip at the Sangam.
2 mins
Stiff Campa competition keeping us sharp: Murphy
THE JUBILANT BHARTIA Group last month had picked up a 40% stake in Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India.
1 min
DeepSeek to boost AI infra firms
DOMESTIC ARTIFICIAL INTELLIGENCE (AI) compute infrastructure and data centre solution providers such as E2E, Netweb Technologies, NxtGen Datacenter, Yotta, CtrlS, among others, are hopeful of a significant increase in business potential with low cost open source models like DeepSeek.
2 mins
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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